Bitcoinshort
Bitcoin ETF: to be or not to be?If the ETF is allowed, then the “buy the rumors, sell the facts” strategy will work. After the ETF is approved, Bitcoin will skyrocket because amateurs will buy it. Then it will collapse because professionals will take profits. If the ETF is not allowed, Bitcoin will simply collapse.
Let's try to determine the actions of pumpers and dumpers using tick charts with volumes and the number of transactions per minute.
Just how bad is it for Bitcoin and the crypto market? - Bitcoin has experienced a significant drop below $60,000 for the first time in a while.
- April has historically been a green month for Bitcoin in an election year, but this year it was red, showing a deviation from history.
- May is also historically a green month for Bitcoin in election years.
- Bitcoin has never played out more than two consecutive downside months in an overall bull market.
- The accumulation distribution indicator shows a positive slope, indicating a long-term move to the upside.
- The indicator's slope changes in the extreme zones can correlate with macro shifts in direction.
- Bitcoin is currently testing prior all-time highs and there should be an opportunity for it to move up again.
- The ideal scenario for bullish investors would be for Bitcoin to come down to the red moving average, find a low, and close the month up with a bullish signal.
Bitcoin has experienced its first ever red April in an election year, deviating from historical trends. April saw a 15% move to the downside, which is significant. May historically has always printed a green month for Bitcoin in election years, but this may not be the case this year. Additionally, Bitcoin has never played out more than two consecutive downside months in a bull market. The accumulation distribution indicator shows that Bitcoin is likely to move to the upside long term. However, it is uncertain how far down Bitcoin can go before it bounces back up. The red moving average is where Bitcoin bulls should be hoping for a low to be put in before closing the month up, which would signal the market to continue to new all-time highs throughout the rest of the year.
Bullet Summary:
- Bitcoin experienced its first ever red April in an election year, deviating from historical trends
- May has always historically printed a green month for Bitcoin in election years, but this may not be the case this year
- Bitcoin has never played out more than two consecutive downside months in a bull market
- The accumulation distribution indicator shows long term upside for Bitcoin, but it is uncertain how far down it can go before bouncing back up
- Bulls should be hoping for a low near the red moving average before closing the month up to signal continued growth throughout the year.
BTC: bedt support📊Analysis by AhmadArz:
🔍Entry: 59570
🛑Stop Loss: 61192
🎯Take Profit: 58272 - 56468 - 54908 - 52987
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Bitcoin on a Tightrope: Tumble Below $61,000 or Find Support?Bitcoin is currently hovering around $62,850.
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
Bitcoin TA - Upside Zones, Downside DCA Zones, Key LevelsWelcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this:
I'm of the opinion Bitcoin will get above 100K.
So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872
I'm out of all swings and also looking for swing entry zones.
I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree:
www.tradingview.com
Here's what we cover in the video...
If Day RDA holds
The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like.
I identify the upside zones and key levels that I would watch and trade around.
The RDA ( RexDog Average with ATR ) is a bias and reaction zone indicator found here on TV, usage in description.
Pull Back Scenarios and DCA areas
RDA Week Projection Print - We cover the upside print of the week projection of if the all-time high is broke where we can expect the market to hit.
Immediate market view - I also dive into the immediate Market View using the 30 minute time frame, which I call the structure time frame. the key element there is that we are right at the mid control for the day.
Bias and Momentum - from here we cover buy us a momentum from a daily and weekly time frame.
Current Value Channel - we also talk about the key levels of the current value channel that BTC is trading within.
Anchored vWAPs - I also dive into anchored V waps from significant highs and significant lows. one of the major things that came about in this analysis was we are in a fight between the most recent significant high and low anchored vWAP. those levels couldn't be any more clear
RSI Signal Zones - we also dive into the RSI signals and the triangle pattern. currently waiting for a green triangle to complete the triangle pattern otherwise it looks like based on the RSI we could see more downside.
Best Crypto Trading Timeframe - I also share the single best time frame to trade crypto on especially for swing and long-term trades.
BTC Elliot Wave 3-4 : CORRECTION Before HALVING📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action.
Here we'll take a look at how the previous bullish cycle played out. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern.
Find HERE the method I used to call the bullish cycle early:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD KUCOIN:BTCUSDT
BITCOIN DUMP 42000$ BEFORE PARABOLIC MOVE ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
My own BTC theory in play?I have a theory surrounding the 300ema and 300sma, and their crossing. In my charts the 300ema is always in orange and the 300sma is always in green.
In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the upside of the moving averages. And repeat....
Here on the BTC 4H chart, we've had a bearish cross of the ema over the sma.
If my theory is correct, we should se some sort of price action below the moving averages in the near future. This could be a pierce below, or temporary sustained price action (accumulation).
I also just noticed the huge gap in volume on the VPVR(right side of my chart). A lot of time, price will like to fill these gaps. So, possibly that could be bottom area of the pullback if we get one, and if it goes that low. Just throwing out some ideas.
Please like, share, boost, etc...
Not financial advice, just my 2cents..
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows.
As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern.
Additionally, it seems there is a bear flag pattern formed in which the price currently lies in.
Timeline for the dump and the upcoming bottom is about two weeks.
Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture.
Candle
I expect the retracement to start within the next 48h.
BTC - Expecting new all-time highs soon Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life.
The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new trend movement
After exiting the ascending triangle, we move to the global khai, accumulate stops (consolidation), consolidate above and follow the trend
The whole truth about trading - playing against fateIt is apparent that your interest in trading stems from a desire to transcend the conventional 9 to 6 work regimen or to establish an additional revenue stream for enhanced financial stability. Regardless of the impetus, trading imbues one with a sense of hope—a hope for attaining financial autonomy and catering to the exigencies of one's familial responsibilities.
Nevertheless, hope unaccompanied by acumen proves inadequate in the realm of trading.
Are you prepared to delve into the intricacies of trading in its entirety?
Can you harness the mechanisms of trading to your advantage and prosper therein?
Trading is a means of slow enrichment
For many, the following assertion may not be warmly received, yet it warrants acknowledgment: Trading serves as a gradual enrichment scheme.
While anecdotes exist of traders who commenced with modest capital and ascended to seven-figure balances, such instances are rare. The reality is stark: the odds of such success are exceedingly slim. The allure of amassing substantial wealth swiftly is tempting, but it often necessitates assuming excessive risk. Only those blessed with exceptional luck may realize significant gains in short order.
Conversely, the vast majority—99.99%—who pursue this path find themselves depleting their initial investment. Merely a fortunate minority attain even modest profits, and their success is often attributed more to chance than skill.
Consider the perspective of Warren Buffett, whose wealth is renowned:
"My wealth is a product of American residency, fortuitous genetics, and the power of compound interest."
The crux lies in compound interest—the gradual accumulation of profits over time. Buffett's ascent to becoming the world's wealthiest investor spanned decades, not mere weeks or months.
Hence, if one views trading as a shortcut to affluence, disillusionment is inevitable.
You need money to make money from trading
One of the most pervasive trading fallacies is the belief that possessing a profitable trading strategy guarantees the potential to amass millions in the market—a notion that has ensnared many traders.
While it is feasible to develop a lucrative strategy, its profitability alone does not guarantee the attainment of vast wealth. Why? Because the magnitude of your initial deposit plays a pivotal role.
Consider this scenario: Suppose you possess a trading strategy yielding a 20% annual return.
With an account balance of $1,000, your potential earnings amount to $200 per year.
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Scaling up further, with a $1 million account, potential earnings soar to $200,000 per year.
This illustrates that while a trading strategy is undeniably significant, it represents only one facet of the equation. Equally crucial is the size of your trading account.
This elucidates why hedge funds attract vast sums—often in the millions, if not billions of dollars—since substantial capital is indispensable for maximizing returns from trading endeavors.
Trading is one of the worst ways to earn a regular income
Trading is often sought out by individuals seeking an alternative income stream, aiming to liberate themselves from the confines of a conventional 9 to 6 job in pursuit of pursuing their passions. However, it is crucial to confront a sobering reality: trading stands as one of the least reliable avenues for securing a consistent income.
Why? The dynamics of financial markets are inherently mercurial. A strategy that yields profits one week may falter the next. This isn't to suggest that such strategies become entirely obsolete, but rather that market conditions necessitate adaptability. Realigning a strategy to suit evolving market dynamics demands time—a commodity not readily available in the fast-paced world of trading. This adjustment period could extend over several weeks or even months.
Consequently, anticipating profits on a daily, weekly, or even monthly basis proves unrealistic. Success in trading hinges upon one's ability to capitalize on market opportunities as they arise, accepting the yields bestowed by the market, and refraining from unrealistic expectations of consistent returns.
You're always studying the markets
Continuous learning is indispensable for success in trading. Reflecting on my own journey, I initially gravitated towards indicators and price action trading, convinced that these tools alone would suffice for profitability. However, this mindset hindered my progress, as I neglected broader market perspectives.
Recognizing the limitations of my approach, I embarked on a journey of exploration. I delved into the practices of accomplished traders, discovering diverse strategies such as trend trading, system trading, and mean reversion trading.
Today, my repertoire encompasses multiple trading strategies across various markets. This diversified approach has engendered a more consistent capital curve, enhancing my overall returns.
The pivotal lesson gleaned from this experience is clear: achieving profitability in trading does not signify the culmination of one's learning curve. On the contrary, ongoing education and exploration of the markets remain imperative for sustained success.
How do you become a successful trader when all the odds are against you?
Embrace Existing Solutions:
Attempting to forge your own path in trading can prove both time-consuming and costly. Instead, seek out established trading algorithms equipped with tested and proven trading rules. Consider investing in algorithms like mine, which come backed by historical testing results.
Maintain Financial Stability:
Relying solely on trading for income places undue psychological pressure on yourself. The imperative to generate monthly income often leads to hasty and ill-advised trading decisions. Many seasoned traders, therefore, diversify their income streams. For instance, some engage in mentorship or operate hedge funds that levy management fees irrespective of market performance. By securing a stable income through alternate means, you can focus on trading without financial anxiety.
Harness the Power of Compound Growth:
Albert Einstein hailed compound interest as the eighth wonder of the world. Yet, I propose introducing you to the ninth wonder: the regular infusion of funds to augment profits. Consider this scenario: with an initial $5,000 investment earning an average annual return of 20%, you would amass $191,688 over 20 years. However, by adding an additional $5,000 to your account annually and compounding profits, your total would skyrocket to $1,311,816 over the same period. Witness the transformative potential of consistent contributions and compounding gains.
BTC Local top Head and Shoulder and RSI Divergence Well. It looks like Batman is poking its head on the RSI.... We have a very clear Head and Shoulders on the RSI....But not actually shown on price action. Predictive Sabers is pressing / punching sell. Liquidity Grab on 1 an 2 hr time frame has also been triggered. Sell signal and short signal have printed on multiple other algos and there is some Bearish divergence on the price vs rsi..... I'm going short now via 68K through 72K and ladder up the short.... I think its time for that final correction before the halvening.
Am I right or am I wrong....only time will tell
📈Bitcoin Next Stage 75K? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin.
Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below the pitchfork nearest line (blue line). A bearish scenario could happen sooner if Bitcoin returns below the indicated blue line.
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BTC Downside Risk and Bearish Trend for the Next 7 Days 🌧️The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8.
Investor sentiment dipped on the news, dragging down both stocks and cryptocurrencies.
Bearish clouds have swept over the global crypto market. The negative trend will persist for the next 24 hours and week, signaling downside risks for Bitcoin, Ether and most other tokens covered by ATTMO. Only Avalanche and Polkadot are set to profit from a bullish sun and upside potential in the next 24 hours, before the bearish clouds reach them as well.
Follow us for more crypto news and weather reports!
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
Bitcoin Has Reached Its Peak: Consolidation Above $60K Required Based on technical analysis and the application of Fibonacci slope/angle techniques, Bitcoin appears to have reached a temporary peak at $70,000. The Fibonacci sequence, a set of numbers where each number is the sum of the two preceding ones, is often applied in trading to identify potential support and resistance levels, as well as trend reversals. When translating these concepts into angles or slopes on a price chart, analysts can predict areas where price momentum may stall or reverse.
For Bitcoin, the climb to $70,000 has aligned with a critical Fibonacci angle, suggesting that this level may serve as a temporary cap on its price momentum. To sustain its upward trajectory, Bitcoin now requires a period of consolidation, particularly above the $60,000 mark. This consolidation phase is crucial for building a strong support base that could enable Bitcoin to launch its next leg upwards. Without establishing solid support above $60,000, Bitcoin's path to higher levels may be fraught with volatility and potential pullbacks. Investors and traders closely monitoring these Fibonacci indicators will be looking for signs of consolidation as a key factor in assessing Bitcoin's ability to continue its ascent in the near future.
BTC LOCAL ANALYSISAn “OB” appeared before the ATH, indicating a noticeable reaction in that range. This involves deliberately containing further price movement, which is likely to lead to the accumulation of significant bullish positions for subsequent dumping in the opposite direction.
In this range, potential entry points can be searched based on confirmations from 15m ltf
I am inclined towards a more possible scenario, this is a correction to the initial FVG target in the range of 58120 to 57000 , which reflects the current decline of about 15%!
The BTC distribution process is expected to take several days to allow liquidity to accumulate.
Bitcoin 💵:Navigating the Perils of Market SpeculationThe Temptation of the Bitcoin Mirage
Ladies and gentlemen,
In the vast and volatile landscape of financial markets, one phenomenon has captured the imagination of investors and speculators alike: Bitcoin. The allure of quick riches and the promise of a decentralized future have propelled this digital currency to unprecedented heights. However, amidst the fervor and frenzy, it's imperative to recognize the inherent dangers lurking beneath the surface.
The meteoric rise of Bitcoin has been nothing short of astounding, but history has taught us that what goes up must eventually come down. The danger lies not only in the potential for astronomical gains, but also in the very real risk of catastrophic losses. Market speculation, fueled by greed and fueled by fear, has the power to distort reality and lead to irrational exuberance.
We've witnessed the wild fluctuations of Bitcoin, soaring to dizzying heights one moment, only to plummet to earth-shattering lows the next. This rollercoaster ride is not for the faint of heart, and those who dare to participate must tread carefully.
The allure of quick profits can blind even the most seasoned investor to the fundamental principles of prudent financial management. It's easy to get caught up in the hype, to chase the next big thing without fully understanding the risks involved. But make no mistake, the danger is very real, and the consequences can be devastating.
As we navigate these treacherous waters, it's essential to exercise caution and restraint. We must resist the urge to succumb to the herd mentality, to follow the crowd blindly into the abyss. Instead, we must approach the market with a healthy dose of skepticism and a keen awareness of the risks at hand.
Bitcoin may indeed hold the promise of a decentralized future, but it also embodies the dangers of unchecked speculation and market volatility. The road ahead is fraught with peril, but with careful navigation and prudent decision-making, we can steer clear of the pitfalls and emerge stronger on the other side.
In conclusion, let us not be seduced by the siren song of easy riches, but rather, let us approach the market with humility and foresight. The dangers are real, but so too are the opportunities for those who dare to tread carefully. Thank you.