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Consolidation

📊Bitcoin consolidation pattern! Read the description!Hi friends, you've probably noticed that Bitcoin and cryptocurrencies start to rise or fall after consolidation. In this idea I will explain why consolidations happen, how to use this in cryptocurrency market analysis and where the next ATH for Bitcoin will be. 📊What is a consolidation? Consolidation is the small price range. Unlike a bullish or bearish trend, a consolidation is the absence of a trend. As we can see from the chart after consolidations price fall or rise for amazing %. In trading it calls "become volatile". 🔸Why consolidations happen? Actually, consolidations happen because of traders sentiment. If the price don`t move in any side this is bad for most of them. As we know, the biggest part of traders earn on the huge price movements. So when the price start consolidate there are no bull or bear power and price move in the range. 🔸What happend when the price leave the consolidation range? Consolidation is like a spring. The harder you squeeze it, the more it bounces back. It's the same with the price. For example, Bitcoin starts to rise or fall a lot when it comes out of consolidation, the spring rebound, and this has happened in all the examples in Bitcoin's history. 🔸What will happen to BTC next? For more 516 days BTC price is in $29-64k consolidation range. Now we can see the largest consolidation since 2015-2016 before the price reached ATH in 2017. 📈If we follow the rule that the longer the consolidation, the bigger the fall/rise, it's actually hard to predict what will happen next. In any case, Bitcoin will not be able to grow by 5000% in the next bull cycle because of its huge capitalization, but 600-900% growth from global lows ($20-26k) is quite possible. 🚩Traders, what do you think about this pattern? What will be the next ATH for Bitcoin in the next bull cycle based on this rules? Write in the comments, let's discuss it together. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
BTC: CONSOLIDATION ZONE! WHAT'S THE NEXT MOVE?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is consolidate from $28k-$32k region from last 30 days. Soon we see a big move and the direction of this big move is depend on where BTC breaks out(up or down). For a bullish momentum, BTC needs to break $32k level and hold above it. Once it holds above the $32k level our next short term target is $35k-$37k level. So all we need to break the $32k level. If in any case BTC daily candle close below $28k then it would be very bad and we might see a quick drop to $22k-$24k level. So be ready for every possible scenario and trade cautiously. What do you think about this? Do you think BTC breaks $32k resistance or do you think that it will break $28k support. Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
2
XTZ - Tezos. The Next BIG thing!? XTZ Tezos, the self-amending cryptographic ledger now has been backed by the biggest stable coin USDT. This will help XTZ succeed further more. Tezos fundamentals are very strong as its already ahead of the POS competition. "Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency." "Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets." "Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers." If Tezos can bounce from this support and consolidate. It may be the next BIG thing long term. My future price target is - 30.00 approx.
COINBASE:XTZUSD
by Samabby
Long BTCUSDT (News) Quote: " Wise people tends to be profitable, smart people tend to be prove themselves right. " After btc hit the price of 31700, it went back to the whales support at ~29k , it will tempt people to sell again and trap sellers at support. At most, I see it will go to fill the gap at 28.9k, after that, we should forms support again and go back up since there is upcoming USD CPI news. Hence, I am expecting a sideway move again to try bottom sellers at support and getting excited that we will go to 25k. The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. After the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and tempt people to short. Then, it went up as predicted but some shorters and smart guy will sell it thinking that it is a bear flag and got rekt. Do not be deceived by the whales manipulation. We might drop slightly lower to hit 29k and forms support again. This manipulation by whales are food for them as retails traders getting liquidated easily. It is trying to make you think that we are going down, so that you will be shorting the support here. But , Do not get deceived by the whales!!!!! I realized everytime the whales push it back down to the demand, they will do this type of manipulation. The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area. This is because they are accumulating shorts and piling up their btc spot positions for it to move up further. It shows a strong demand on this 29k area for bitcoin , It filled one of the CME gap but there is one more left. The whales are accumulating. It is trapping elliott wave and breakout traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. A lot of people had lost money buying optimism, lunc, luna and investing in scam coins and wanted to recover their losses, Whales had been defending this 29k level multiple times. Everytime, it hits this level, it will bounce back. Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating. This might be your last chance to buy bitcoin at the dip before going to 100k. ( long term target). But first, the short term target is 33.4k as price target. Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this had pushed the price up to 31700 as clean candle as predicted. The whales will breakout traders thinking it will go down but it will go up. Do not short this but long instead, the manipulation is too easy to be spotted. This is very bullish , long bitcoin and take profit at 100k. To the moon. This should be the macro bottom. Simple whales with their obvious manipulation. Hence, btc should moon from here and target 38k . First target should be 34k . On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?! This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long
by Future_Wei
12
$FBRT ready to move higher?* Coming up on the right side of its base * Picking up on volume as it ascends in price * Broke out of its inverse H&S pattern earlier and now is in a tight consolidation * Three consecutive pocket pivots * Forming a bull flag Technicals: Ticker: $FBRT Sector: Real Estate - REIT - Mortgage Relative Strength vs. Sector: 6.65 Relative Strength vs. SP500: 5.77 U/D Ratio: 1.91 Base Depth: 34.91% Distance from breakout buy point: -4.67% Volume 21.91% above its 15 day avg. Trade idea: * You can enter now as the price is still consolidating. * Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row. * This shows signs of accumulation which can also be seen in the high U/D ratio value. * Manage risk accordingly
NYSE:FBRTLong
by HaseebKhan_90
Consolidation after the figure of "head and shoulders"Consider short-term trading on an hourly chart (1-2 weeks). After the figure of the head and shoulders took place, the price was to reach a height equal to the height of the "head". At the same time it is necessary to do it with force and confidence. But if it doesn't happen, then something is wrong. And the figure may already be wrong. And the figure may be wrong and there will be no reversal for some time. Therefore, a more conservative option should be considered. In this case, I reject the fall below, referring to a more general schedule. Most likely, you need to promote price movements in the range (two arrows). From them we draw two lines, (we create a range) the tendency of the upper line may be a little lower, as we do not have enough information that the downward trend is over, but at the point there is enough strength to draw the figure "head and shoulders". Therefore, I predicted that the price will be in about a week or more about 30,000 and will not bounce much from these values. Blue line the average price for 40 days did not fall below 28,800 - consolidation.
INDEX:BTCUSD
by John_Wayne
[Potential] XRPUSDT: 3-6 Mth Range PlayBITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes - There is still plenty of fear going on in the market and this bear market may drag on for some time - For Ripple, there is alot of ongoing legal issues that needs to be resolved with the SEC before we can see XRP moon ----- Expecting XRP to keep ranging in the Yellow area for now; watch for bounces off Trendlines to make good use of the XRP buying demand at key levels. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. ----- *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
BITSTAMP:XRPUSDLong
by weekendanalyst
A Key Support Area with Consolidation, Anticipated MOVE?We have a Key Support Area with a clear consolidation, this key area, I usually allow the market to provide me a break out and pattern confirmation for entry, there is the possibility of price breaking above and creating a Bullish move towards 36k and 39k and there could be a break below as well. if we see a break below to 24k and 21k, we should not stay too long and exit till a clear retest and break out has been confirmed in the sell direction. I a currently neutral at this key area cos the market will determine which direction I should trade.
BITSTAMP:BTCUSD
by MII1502
2
BTC Getting Ready For A Big Week Ahead!BTC has been trading in an extremely tight range for the past week. Currently the bulls and bears and battling it out but to be honest, it looks like the bears are running out of steam. The new week has started and if you look at my previous post, you'll notice that BTC has closed above support and the new weekly candle has started. I can see a push down to around 28k to make a higher low before moving up afterward. You'll notice in this post there are a few key S/R zones mapped. Let's see how this week plays out. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
BITSTAMP:BTCUSD
by rnaofs
Consolidations leading to less volatilityWhen trading there is a few things that I like to look for this criteria has many names online yet when coming from me I like to explain this is these sayings inefficient, efficient movements. Efficient movements being what we have here highlighted in purple. The movement pattern that we see here is one of consolidation or contracting volatility. When volatility in a trading pair drops we can see a tighter ranges appears vs when we see and expanding volatility and inefficient markets. When we have markets that witness Efficient movements these are usually markets that can break to the upside if they continue to see these small price range moves. Inefficient markets are the opposite of what we have above characterized as markets where the range is expanded and usually to the downside as volatility increases. Efficient and Inefficient markets patterns can be found as fractals found within each market notated by the white line. Knowing where these states exists within the market is important for market timing as a trade closer to the mid line would see a very bad trade placed. Knowing the difference between when a market is efficient and inefficient can be key in bettering your trading style allowing for better entry and exit points as you can see where the market likes to sell off where volatility gets to low and where it is being bought from where volatility is to high. Efficient and Inefficient market patters
by RobinhoodFX