BTC ascending wedge broken, may capitulate the downside Be aware traders, this may leed to further downside, dont get liquidated, be smart, be wise and trade with knowledge. good luck to you all
Btcshort
BTC Volatility Rollercoaster: A Tale of Passion N Patience."Reflecting on the recent BTC price movement, my earlier prediction of it not hitting ATH before the halving proved incorrect, as it soared to 69200. Although I missed the long opportunity after exiting in the 46k range, I don't regret not participating in the Bull Run. I maintain confidence in an impending market correction, anticipating the opportunity to buy BTC below 30k. Staying true to my strategy, I've initiated a short position at 68900 with a stop at 69200, acknowledging the associated risks.
In contrast to the current bullish sentiment, I remain bearish, driven by insights from the MT Pandora's Box indicating an anticipated dump either before or after the halving. While my affection for BTC is undeniable, self-preservation takes precedence, and patience is my ally. I foresee a substantial dip below 30k, positioning myself for significant gains.
Despite my optimism for BTC reaching 120k by the end of 2025, the current price doesn't align with my strategy. The introduction of BTC ETF has heightened volatility, and I anticipate more fluctuations during the upcoming market correction. For those already in the market, my advice is to hold tight; the drama is expected to subside in less than six months from October 2024.
As the dump unfolds, focus on strategic buying rather than succumbing to panic-induced selling. Remember, patience is key, and hasty decisions may lead to regrets. Let's navigate these market dynamics with a calculated approach. Happy Trading
BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
BTCUSD SHORTAs the everything bubble closes in on it's lead time, we see a triple top aswell as a very big Reverse Head and Shoulders forming... I believe the crash started by 67k will be tested at 62k and followed by the levels 50k, 38k and 28k respectively. If 28k fails we might see a low below 15k.
BTC Gonna Short For More Long!BTC created double top with bearish butterfly pattern with divergence. Technically short anticipated. And you are know that a structure market until to see pullbacks meaning longs getting liquidated instead of breakouts getting shorts liquidated. So its a solid short pattern.
BTC is in reversal area!BTC is in reversal area which will lead us to wave 4 (target: ~44-40k) :
any break under 61320$ will lead BTC to (~44-40k)
BTC created Bearish Butterfly PatternBTC created a bearish butterfly pattern. So short anticipated . In the Weekly Time frame, it's overbought with active hidden bearish divergence.
1st Tp: $57K
Ultimate Tp: GETTEX:41K
Then Price will reversal
BTC Warning!!!It may seem funny or stupid! But this is my prediction of the current bullish market!
Why ? Because firstly, there are still gaps that have not been filled, and secondly, there are orders that have been left!
So, if Bitcoin is going to see more than 100k, there is a 90% chance that we will not see again the price of 10k until the end of our lives! So, before this big move, he must gather all the lower power and take all the orders...
I hope you are careful...
When will bitcoin correction start?( I mentioned the time analysis in the last paragraph ) very important
In the previous time analysis, one day correction was correctly recognized and most of the altcoins had a sharp drop of 20-30%, but the support was well done and the entire drop turned into a shadow to prevent the market from bleeding.
Due to the extreme greed in the market, the analysis of Dominance Tether and Dominance Bitcoin, we reached the most sensitive days of the last year of the bull market.
Currently, Bitcoin is in a triangle pattern in the one-hour time frame, which occurs in case of a break from the ceiling, a purple movement type, otherwise, a blue or green roadmap.
Regarding time analysis, I think that tuesday march 12th (bold dashed white line)) is the most important day for some time when we have the possibility of the end of the bull run market cycle and going into a period of very strong bearish before the halving.
It was like a weather forecast 😂
I will be happy to write your opinion in the comments.
be careful
BTC/USDT WEEKLY AND 1DAY CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-DAY, Weekly update.
On the weekly chart, the price has been rallying consistently since retesting the 200-day moving average and rebounding higher a few months ago.
The price has recently broken the 60K level and is targeting the 69K all-time high. Moreover, according to the inverse Fibonacci retracement, the $100K mark is a target for Bitcoin in the coming weeks. Yet, the continuation of this rally might materialize after a correction in the short term.
the price has broken past several resistance levels in the past few weeks. It has recently broken above the 60K level with momentum, and the next target is the all-time high level of 69K.
The relative strength index (RSI), however, demonstrates a massive overbought signal. This could lead to a correction in the short term, either before making a new all-time high or afterward.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC short trade 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.
BTC Big ShortHey Traders,
Ive taken the chance and shorted BTC as its close to facing the resistance zone. Its possible that BTC bullish impulse was to make a higher low from the previous top.
Stop loss - $65,200
Take profit - Around $25,000 to $27,000
Feel free to give me your opinion
Forward to 22500Based on the previous analysis method that was done on May 22, 2022 and referred to in this analysis.
Bitcoin has already gone through two 26-week uptrends and a half-16-week uptrend.
In the analysis based on my method, the bullish period of Bitcoin will end in the next 4 days and the bearish period of 10 to 26 weeks is ahead.
The end point of this downward movement will be 22500.
For more information about this method, please contact me.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update.
A deep dive into the daily chart underscores Bitcoin’s sustained bullish trend, showcasing the prevailing dominance of buyers. Recent price movements reflect robust confidence among market participants, propelling the cryptocurrency past numerous critical and psychological resistance levels.
Notably, heightened buying pressure and strong bullish momentum have propelled the price above the upper boundary of the multi-month ascending channel, previously a formidable barrier to bullish advances.
This breakthrough triggered a short-squeeze event, activating a cascade of buy-stop orders. Consequently, should a pullback occur towards the breached trendline, the price is anticipated to extend its bullish momentum, targeting the significant $58K resistance zone.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Nicely, Bitcoin is heading down a bitRegarding technical analysis, sometimes it's necessary to swim against the tide. In my personal perspective, I see Bitcoin should retreat downwards, at least in the very short term. In the long term, it might experience two downward waves, as depicted in the chart. This is not investment advice whatsoever.
$Bitcoin seems to be in need of some correctional breath.Hello guys,
As we all know there can't be only one directional move in any healthy financial asset. It seems the digital gold is somehow in an exhausted state since we have been watching the Bulls strong accumulation since the first day of the ETF approval.
As we predicted earlier this week about its possible bearish momentum formation this bearish behavior continues to be seen on Bitcoin's short term market price action. For now I am watching closely for this bearish triangle breakout and a successful retest. As far as things go as it is and since the weekend is here and market might not move strongly, there is a high probability for Bitcoin to see some correctional move.
I will be updating the idea after collecting some more market indications.
Stay Tuned.
Disclaimer :
The opinion expressed here is not an investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of #CryptoTalk-ET rather it is authored and complied by one of its founding member and article contributor. Every investment and all trading involves RISK, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
With Regards.
Nathnael B.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update.
the price has rallied towards the 52K resistance level after a rebound from 40K earlier in January. While the market is testing the 52K level, the Relative Strength Index is demonstrating a clear overbought signal.
This could point to a potential consolidation or correction in the coming weeks. Yet, the 47,500 level can provide support and prevent a deep drop.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
SCALP SHORT IDEABTC is on 0.618 level of fibonaci in daily TF.
on low tf it is in 0.618 level too. i try to open another short. let see
BITCOIN WILL TEST 48K PLS CHECK THE CHART Bitcoin will test 48k and if it drops below 48k we will see lower prices,,,,,,, please follow me to get notification for all my analysis
Market structure Shift? OR Fakeout?!It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave”
If we break this zone to the topside I will look for longs.
If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions.
The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble”
Always protect your profits fam
I’m currently still in short positions
Bitcoin factor indicator accuracy is 83%
BITSTAMP:BTCUSD
The Bitcoin is entirely speculation? Fundamentals support the price of it?
The Bitcoin is not entirely speculation, it is the price of the fundamentals.
The Bitcoin factor indicator is calculated by Bitcoin fundamental factor, it can reflect how much of the Bitcoin price is supported by the fundamentals.
The green line is the Bitcoin factor in the chart, the trend of it are in conformity with the price, the orange line is the yearly correlation coefficient between the Bitcoin price and the Bitcoin factor, most of the time in the vicinity of 0.8, shows that the Bitcoin prices are mostly by the Bitcoin factor influence.
Yellow line is Bitcoin forecast price, the Bitcoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 10 years logarithmic Bitcoin predicted price, which represents the prediction accuracy, the value of 83% in November 2, 2021.
The blue line is warning index, which swings between -1 to 2, red background when early warning index greater than 1.4, the price in the peak, said green background when early warning index is less than -0.4, the price in the trough.
On November 2, 2021, the early warning index of 1.73, in the red background area, shows that the Bitcoin price at peak, please pay attention to risk.
7 yearly total return 101, max drawdown 35%BITSTAMP:BTCUSD
Can't you invest Bitcoin for it's price fluctuations too big ?
I backtest the Bitcoin long-term strategy using historical data in 7 years, total return is 101, maximum drawdown is 35%, annualized sharpe ratio is 1.99.
In the chart above, the yellow line is the net value of account, $10000 in the January 1, 2015, to 1.02 million dollars in November 3, 2021. I backtest from 2015 because before 2015 the Bitcoin price fluctuations is much more than it after 2015, the Bitcoin price fluctuations decrease year by year, it is unlikely to have so big fluctuations in the future.
The red line is the total return, its value in November 3, 2021 is 101 .
The green line is the sharpe ratio, its value in November 3, 2021 is 1.97.
Blue line is the factor indicator, I start to buy when it is less than -0.33, and open positions for 10 days. I start to sell when it is greater than 0.4 , and close positions for 10 days. My last article "Accuracy of the Bitcoin factor indicator for 10 years is 83%" was introduced in detail. In the November 3, 2021 it has a value of 1.76, it is the maximum during the period of the backtest. Please pay attention to the risk.
Olive green line is annual return, its value in November 3, 2021 is 97%.
Yellow line is the proportion of positions, a maximum of 1, minimum value is 0, this strategy doesn't use leverage.
Purple line is the ratio of the maximum drawdown, the background is red when maximum drawdown ratio is greater than 30%, in the July 16, 2017 it's value is 35%.
In strategy tester overview, the number of transactions is 62, winning percentage is 100%, the average rate of return for trading is 163%, the average holding time was 426 days.
This strategy is suitable for ordinary investors, is a weapon to realize the freedom of wealth.
Are you a registered TradingView user? If you are not, please register .You and me all get up to $30 each after you upgrade to a paid plan.
New Bitcoin factor indicator accuracy is 92%BITSTAMP:BTCUSD
How much the Bitcoin fundamentals can explain the price of the Bitcoin ? My latest research shows that the new Bitcoin factor can explain 92% of the the logarithm of Bitcoin price.
The Bitcoin factor indicator is calculated by Bitcoin fundamental factor, it can reflect how much of the Bitcoin price is supported by the fundamentals.
The green line is the Bitcoin factor in the chart, the trend of it are in conformity with the price, the orange line is the correlation coefficient between the Bitcoin price and the Bitcoin factor in the 10 years, its value in November 5, 2021 is 0.95, shows that the Bitcoin prices are mostly by the Bitcoin factor influence.
Yellow line is Bitcoin forecast price, the Bitcoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 10 years logarithmic Bitcoin predicted price, which represents the prediction accuracy, the value of 92% on November 5, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 1, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 5, 2021, the factor indicator of 0.82, is near of 1, shows that the Bitcoin price is near of the peak, please pay attention to risk.
Are you a registered TradingView user? If you are not, please register
.You and me all get up to $30 each after you upgrade to a paid plan.
10 years total return 23K, max drawdown 41%BITSTAMP:BTCUSD
Can't you invest Bitcoin for it's price fluctuations too big ?
I backtest the Bitcoin long-term strategy using historical data in 10 years and new Bitcoin factor indicator, total return is 23K, maximum drawdown is 41%, annualized sharpe ratio is 3.27.
In the chart above, the yellow line is the net value of account, $10000 on October 1, 2011, to 230 million dollars on November 8, 2021.
The red line is the total return, its value on November 8, 2021 is 23269.
The green line is the sharpe ratio, its value on November 8, 2021 is 3.27.
Blue line is the factor indicator, I start to buy when it is less than -0.8, and open positions for 5 days. I start to sell when it is greater than 1 , and close positions for 5 days. My last article "Accuracy of the new Bitcoin factor indicator for 10 years is 92%" was introduced in detail. On November 8, 2021 it has a value of 0.84, it is near to 1.Please pay attention to the risk.
Olive green line is annual return, its value on November 8, 2021 is 1.7.
Yellow line is the proportion of positions, a maximum of 1, minimum value is 0, this strategy doesn't use leverage.
Purple line is the ratio of the maximum drawdown, the background is red when maximum drawdown ratio is greater than 40%, on Febrebry 18, 2012 it's value is 41%. The maximum drawdown ratio is decreasing year by year, it' max value in 2021 is 25% on January 27, 2021.
In strategy tester overview, the number of transactions is 31, winning percentage is 100%, the average rate of return for trading is 750, the average holding time was 599 days.
This strategy is suitable for ordinary investors, is a weapon to realize the freedom of wealth.
