Bitcoin-trading
LOOKING VERY BEARISH TOO 34K TARGETWell all you bulls might just hate me for saying this but the chart patterns, my technical analysis,indicators/signals,confirmations from my “M.E.L.T.S STRATEGY “ is telling me that we are not done going down using the daily chart, the RSI is a little over sold but at 30 it could be used as momentum when we have not 1 pattern to breakdown but 2 together , a large s.triangle with a rising wedge inside with both having the same support trendline to break through, the target from this bearish breakdown is exactly 34K at the 200-ma , I use a total of 15 signals that are in confluence with each other and work as a great winning football team like the PATRIOTS when they had the dream team together, they worked insync and in synergy together with each giving one another confirmation that they would win the game , my strategy is telling me that the bears are going to win this matchup, everything is lit 🔥 up red for the bears on my strategy with every indicator and signal on 🔥 fire , well u guys tell me what you think? This will not happen overnight but within the next 2 days we are going to have very low volume followed by some huge breakdown volume to smash through the double support 2 triangles, hey maybe I’m wrong, Chris moodys tops/bottoms is in the extreme red bottom saying the bottom is in so let’s just see if that 1 indicator can put match my technical analysis chart patterns and the other 14 signals saying otherwise on the DAILY, thanks SHA256BITTRADER
BITCOIN (BTCUSD) – Week 17- Bearish territoryThe Louisiana House of Representatives recently passed a bill praising Bitcoin and its eponymous founder Satoshi Nakamoto for "contributing to economic stability." It claims that the flagship cryptocurrency will eventually replace gold as the world's reserve asset. The Chinese government, which is famous for its anti-Bitcoin and anti-cryptocurrency policy, seems to be softening its stance. According to Li Bo, Deputy Governor of the People's Bank of China, the country is considering Bitcoin as an alternative investment.
Bitcoin is sometimes referred to as a store of value asset and a hedge against other areas of finance since it is not tied to any central government or country. Former risk analyst and author Nassim Taleb, on the other hand, disagrees. In an interview with CNBC on Friday, after noting Bitcoin’s (BTC) similarity to a Ponzi scheme, Taleb said: “There’s no connection between inflation and the coin. None.”
Technically, since we broke the blue trendline marked on the chart we find ourselves in bearish territory. We have to study the market structure at the support or resistance areas marked on the chart to understand where the next wave will be. There is a high probability for the price to reach the support at $43k after it touches the resistance or straight away.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Bitcoin, Why And How A Alteration In Dynamic Can Establish!Hi,
Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. Since Bitcoin has shown up with its massive bearish declines to the downside it is testing lower support-zones and has now formed this descending-channel-formation marked with the boundaries in black, within this channel Bitcoin has the coherent wave-count and already completed the waves A to C within it, now with the wave D developing that will run directly into the main resistance-zone where a pullback is likely. Bitcoin then will continue till there is support found in which further stabilization and then a breakout-attempt is possible however when Bitcoin moves below this blue support this will lead to the invalidation of the channel and continuation bearishly.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
BITCOIN | Full of Bearish Pressure!Hi,
Over a year, we can say that the price of Bitcoin is in the bearish market. Do you want it or not but we have several confirmations from the price action which confirms that it is true.
Bearish confirmations from the Daily timeframe:
1. The correction from the top is more than 26% (standard bearish market definition is 20% correction from the top)
2. Almost all the bullish trendlines are broken, the drawn white trendline needs a Daily candle close below of it and it will be confirmed - basically the key criterion.
3. We have a first lower low (LL) since Sept. of 2020
4. We have Daily candle closes below 50EMA. Haven't seen it since Oct. of 2020
These are major criteria that allow me to think that the bearish market has started. I don't know how long it will last but still, I want to point out some areas which can play important role in the further price action.
The first important area comes around 40k, if the price falls lower than the current price then I think this price zone will stop it and even can produce reversals (if the price reaches there I will make an update).
It depends on how today's candle will close. If it closes below the trendline the 50k retest and we are going approach 40k.
I'll start to write a long post but I started to think that the whole concept of this will be ruined after today's candle closes above 50k and above the trendline.
So, take this post as an alert and you have been worn ;)
Stay healthy,
Vaido
Bitcoin, Fully Completes Wedge-Formation, Further Conclusions!Hi,
Welcome to this update-analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As mentioned in the origin-analysis Bitcoin made the major move below the lower boundary where it had strong resistances given likely to show up with a continued pullback, this possibility now fulfilled as expected. As Bitcoin showed up with further bearishness it is pointing to the lower zones of support mainly within the 45750 level marked in blue from where Bitcoin has the ability to back-up again however when this does not happen and Bitcoin falls below this line it is likely to be the source of further bearish continuations to the downside, for now, the bearish side should not be kept by side in this case.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Forms Head-Shoulder-Formation, Incoming Determinations!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Since Bitcoin has shown up with heavy bearish declines it somewhat found some marginal support in the structure however did not yet manage to rally above, this shows relative bullish weakness. Besides that Bitcoin has now completed this head-and-shoulder-formation in the structure in which it made the breakout bearishly below the neckline, as Bitcoin has this major resistance-cluster given this is the likely origin for a bearish move to the downside as the head-and-shoulder-formation completed, Bitcoin will then continue till the lower levels and targets are reached within the dynamic-target-zone from where the situation needs to be elevated anew.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Develops Triangle-Formation, Given Possibilites!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Bitcoin the recent times moved into a precarious situation because it has developed with these strong bearish declines that should not be underestimated, it is not seldom seen that the market sets up to continue. Now Bitcoin is forming this decisive triangle-formation marked with the black boundaries, the bullish breakout has a slightly higher possibility however the key here is the proper confirmation either to the up or downside, even when Bitcoin manages the upside breakout there is a strong resistance lying likely to show up with a pullback that can move Bitcoin to lower levels again, it will be an important development.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Main Channel-Formation, Determining Considerations!Hi,
Welcome to this analysis about Bitcoin on the daily timeframe perspective. In recent times Bitcoin is has formed several moves to the up and to the downside forming this main ascending-channel-formation with the coherent wave-count within and with the waves almost completing with wave E the next times, this wave E can move some more to the downside however when Bitcoin can not hold the lower boundary zone marked in orange and finally bounce there substantially this will lead to a bullish invalidation and increase of bearish pressure otherwise when Bitcoin manages to bounce within the testing of remaining resistances will come up which will be crucial for stabilization as there are significant resistances still given.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The key to success is to focus on goals, not obstacles."
Information provided is only educational and should not be used to take action in the market.
🏛BITCOIN MASSIVE SHORT🔥
🏛In my previous analysis I predicted the breakout of BTC
From the rising wedge and that's exactly what happened
Now, we see a pullback and I think the bearish scenario is finally in play
Thus I am expecting BTC to retest the lower horizontal support
And then perhaps to start growing again
SHORT🔥
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Bitcoin, Why Bearish Alignments May Not Yet Have Ended Already!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective. As mentioned already in previous analysis Bitcoin on the global perspective had to set up sooner or later for a bigger pullback, these bigger pullbacks have now shown up or it is the beginning of it, especially when looking at the volume with which this sell-off occurred it should not be underestimated as it is not seldom seen that after such heavy volatility and volume the market develops further continuation, in such situations, it is important to do not over-speculate into one direction only and see things as they are because market environments keep changing and especially in cryptocurrency where these changes occur swiftly and fastly.
As when looking at my chart we can watch there how Bitcoin fully completed this major ascending-wedge-formation which was the important turning-factor in this whole structure, now Bitcoin remains below the meaningful 65-EMA and below the lower boundary of the wedge-formation which are strong resistances right now and it is not unlikely that Bitcoin pulls back bearishly to the downside when moving into the resistance-cluster marked in red. When this happens and Bitcoin shows up with a bearish pullback below the previous lows this will move Bitcoin to test the lower zones of support from where the market needs to stabilize and back-up otherwise a further continuation is still possible.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Since Massive Long-Liquidations, Crucial Scenarios Now!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. In the last 24 hours massive long-liquidations have taken place in Bitcoin, it was the highest volume of liquidations seen so far in 2021 and it was great for us in the VIP channel to enter rightly on the short-side before these heavy bearish volatilities have shown up. These events determine one more time how volatile the cryptocurrency market keeps and that it is necessary to right evaluate these changes in direction and prepare on it with the right line-up as the market can change swiftly and fastly like it is in no other asset class, this is why a long-only-approach will not properly serve when the market shows up with bearish alignments like it was the case here.
As when looking at my chart we can watch there how Bitcoin now recently with the bearish volatility moved into this main ascending-trend-line where it firstly confirmed support also in the 300-EMA, now it is likely that Bitcoin will test the upper resistances from where a pullback firstly should be expected the crucial part then comes when Bitcoin moves on with the wave C to test the remaining support levels as marked with the orange box, when Bitcoin manages to bounce sufficiently within this zone and move higher possibly into the bullish-stabilization-zone that can lead to further bullish approaches, otherwise when this does not happen and Bitcoin increases bearish pressure this will lead to a wave-C-extension below this zone.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Bitcoin Flash dump as we predicted so guys hope you save money#BTCUSDT TA Update:-
$BTC currently trading at $52000 and went down around $51000 as our support level.
Now...?
Now $50800 is strong support so we can see again $60000
But if break down $50800 then again ready for another $10000 dump and my Target will be $37000
Support:- $50800
Resistance:- $60000
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Must follow me for latest crypto real time updates.
Thank you.
BITCOIN (BTCUSD) – Week 16 – Short-term correction?Coinbase, the largest cryptocurrency exchange in the U.S., became a public company this past week with the ticker COIN, driving the price of BTC past $65,000 USD. Bitfarms, a Canadian bitcoin mining firm, has announced that it is nearly finished with the procedures needed to be listed on the Nasdaq exchange. Bitfarms said in a press release that it is closely monitoring the listing and has filed the 2020 Annual Information with the Securities Exchange Commission. If the SEC approves Bitfarm's submission, it will become the latest crypto-focused company to list on the exchange.
Following months of economic turmoil that prompted locals to exchange their local currency for bitcoin and foreign currencies, Turkey would outlaw the use of cryptocurrency as a type of payment. Cryptocurrencies are excessively risky, according to Turkey's central bank, which may be used for illicit activities. Crypto funds are also “neither subject to any oversight and monitoring processes nor a single regulatory authority,” according to the bank.
Technically, on the 4h timeframe we are seeing a consolidation that has a high probability of breaking to the upside. One scenario however is a deeper pullback to the support area marked on the chart or the blue trendline and then shooting higher to new highs.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
(1H) S.TRIANGLE LOOKING TO BREAK RESISTANCE BULLISHI’m looking to put in a long after a bullish break and candle close above (resistance) of the symmetrical triangle on the (1H) time frame, if it breaks and closes above 62,500.00 then I’m looking to put in a long position, put my stop loss below the support 61,700.00 aprox (1 ATR) below , we’re looking for price to hit target of highs 65k but we have 2 resistance at 63,946 and 62,588.00 if we are successful in breaking both resistance levels we should be looking at a target of price at bitcoins high and possibly a new ATH, I’m using a new strategy using both Alexander elders (IMPULSE) system using his 13-EMA and replacing it with a 15-EMA trigger , I’m using 3-4 of his indicators/strategy and also CHRIS MOODYS indicators like his MACD, EMA TRENDBARS, and PSAR As well as TORYS Hidden divergence, with using the ATR for stop losses and using support/resistance linear regression Chanel’s , I believe the sweat spot is the 15-EMA right in between the 9-EMA AND 21-EMA , waiting for a bullish cross just gives me a lot of confirmation and confidence in my position. Anyway if u want to know more about my new strategy for bitcoin trading “THE MOODY ELDERLY 15-EMA X STRATEGY “ the X is for how much maximum and sweat spot again 15X leverage , anymore you will have hard time getting a good risk/reward and to be able to us the ATR average true range correctly and successfully,
Bitcoin, Descending-Channel, How Decisive Breakout Determines!Hi,
Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As already mentioned in previous analysis Bitcoin had some sufficient supports lying in the 60500 regions which now confirmed as such and Bitcoin initially bounced there, besides that I discovered Bitcoin forming the descending-channel-formation with the coherent wave-count from A to C already completed as marked in my chart. Now when Bitcoin manages to stabilize further below the boundary to finally show up with a breakout as shown in my chart this will lead to further continuations and testing of remaining resistance, it will be important how Bitcoin approaches these as there can come further bullish developments when Bitcoin closes above resistance.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Correction for BTCUSDT 4hMy upcoming analysis for BTC. This white trend line is indicating 2 possible correction to Blue Trend line. Purple arrow is the final part of this correction. Let's hope BTC rise after touching blue trend line.
Comments are welcome. I am new and learning. :)
BITCOIN | Buying Opportunity!Hi,
Sorry, I don't have much time but I wanted to point out a possible buying area - quite a decent criteria matching around the round number 60k. Technically a great zone is inside "the box"
1. Channel projection
2. AB=CD
3. Different Fibo levels
4. Round number
5. Strong horizontal prize zone
6. The trendline
Stay healthy,
Vaido
BTC, Completes Prospected Alignements, Next Perspectives Now!Hi,
Welcome to this update-analysis about Bitcoin, looking at the 6-hour timeframe perspective. If you did not see the origin-analysis already I highly recommend it to watch to have a full-depth-overview. Now as Bitcoin rightly completed the bullish breakout and continuation into the upper dynamic-target-zone where it completed the wave-count and shown up with the expected pullbacks it is pointing to the lower levels of support marked in my chart with the blue box where several supports coming together, when Bitcoin manages to bounce in this zone it will be the great source for the next wave E to the upside however it is necessary that Bitcoin really holds and bounces in this level because a close below can indicate further bearish pressure.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, In The Channel-Formation, Crucial Scenarios Upcoming!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective. In recent times Bitcoin managed to form new highs however every time also showed up with new bearish pullbacks in the schedule which are normally indicating a more or less supply moving into the market every time Bitcoin forms new highs which should definitely not underestimated as I discovered now Bitcoin is moving in this main ascending-channel with the confirmational-bounce-cluster likely to be the origin of the wave E that will approach the upper zones and the upper-boundary from where a new short-entry can be considered more. What comes up we are prepared in the channel we managed to execute solid trades in the last times.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Completes Head-Shoulder-Formation, Further Objections!Hi,
Welcome to this analysis about Bitcoin, we are looking at the local 15-minute timeframe perspective. As Bitcoin recent times has shown up with some strong bullish volatilities to the upside it moved into an overbought condition and now as I discovered has formed a head-and-shoulder-formation marked with the neckline in blue. This head-and-shoulder-formation already completed with this bearish move below the neckline which it is now confirming as it is shown in my chart, this confirmation activates the downside targets between 61200-61400 which are als supports, when Bitcoin reaches out there it has to be elevated if it manages to stabilize or sets up for further bearish continuations.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
BITCOIN | Possible Targets & How To Identify Them!?Hi,
I get a lot of questions, and even I have seen a lot of bets, where the price of Bitcoin goes? So, let's do it the same! Leave a comment and tell us your thoughts about where it goes, is it 70k or 80k or 120k, name it, and say why you think so - is it just a guess or you have some technical criteria to look for. The most accurate call will win free technical analysis of your favorite altcoins ;) The game ends after we have seen at least a 17-20% correction.
The target areas.
To predict and narrow the price levels above the ATH is quite tough, luckily I have some tools which have helped me to do that. Obviously, they aren't so precise to start to short from there but they can be a good partial take profit areas.
Tools that might help you to find take profit places:
1. Channels - the upper trendline of the channel can be very precise resistance level from time to time.
2. Channel projections - quite often the price moves in channels, as you see on the image, black lines form a perfect channel. Channel projection assuming that it starts to form a channel. You need two dots to draw the trendline below the candles and one dot above the candles to copy/paste the lower trendline to the high-dot. Channel projection is the orange lines in the chart. Short-term very good to predict bounces.
3. Equal waves of AB=CD, will not explain it but perfect if the AB=CD matching perfectly with channel projection.
4. Fibonacci Extensions are also quite good to predict take profit areas.
5. Round numbers, psychological numbers.
So, using these tools I found some areas to keep an eye on. The first target area will stay around 70k. There is a minor trendline, channel projection, 2x equal waves of AB=CD, Fibo Extensions and 70k will act as a round number. At the moment, they all act as resistance levels and matching quite perfectly with each other around 70.
Always look for several criteria to narrow the target area. If you can draw multiple criteria into one place it will give much more power to the potential target/resistance area
As said previously, it is only the target area - full target, partial target, or whatever. Never try to short from these levels. You can start to think about shorting only then when the price has stopped around your identified area, has stayed there to consolidate and lower timeframes offer some price action to keep an eye on. To try to short immediately after the price has reached the area, you will burn your fingers, hands, body and etc. entirely, especially in these market conditions.
The pre-mentioned target area is currently the strongest and nearest but I have put another one a bit higher. It is not the case atm but still, a good example of the channel and AB=CD crossing area. It says slightly above 80k.
Can you jump into the possible another leg upwards? Yes, around 60k will be technically a good place for a retest.
On the weekend I shared in the other site quite a step-by-step break and a retest, which took a bit more time than expected but worked out perfectly - break above 60k and retest afterward, and here we are.
Hopefully, you found something helpful for your further analysis, especially for identifying take-profit places.
Stay healthy,
Vaido
Bitcoin, Main Triangle About To Complete In The Next Time!Hi,
Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. As Bitcoin like expected already completed the smaller triangle bullishly to the upside, it is now building a bigger one. In this triangle marked in my chart with the black boundaries, Bitcoin is about to complete the wave-count with the wave E within the next times when this wave E ends with a sufficient bounce from the lower boundary and above the upper-boundary, as seen in my chart it will be the proper continuation-setup for the projected targets marked in blue to be reached, additionally coinbase as the first cryptocurrency exchange will be listed in the stock market tomorrow which can indicate additional potential bullish fuel to determine.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
