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Bitcoin – more pump, but crash will be anyway!Hello, everyone! Last time I told you that we can anticipate another one leg up before the dump, I have even placed short limit order at $17080 . Today market gave me the lesson that it’s alive and we shouldn’t place the limit orders. When we place it we trade our convctions and desires instead of market. This is the violation of rule which Bill Williams gave us. To be honest I forgot that I placed this order before the weekend. Market was not volatile and I was scared that the desired move is going to happen during sleep. The current pump was stronger than I supposed and it has changed the local wave’s structure, but overall forecast is the same. Let’s take a look at the 2h time frame of the WHITEBIT:BTCUSDT chart . I swiched to 2h from 1h because Bitcoin has printed more than 100-140 bars, which is needed for trading chaos approach. Wave 3 is obviously happening now becuase of the highest awesome oscillator value. The price hit exactly the extended wave 3 target of 2.61 Fibonacci extension. It means that market is ready for the corrective wave 4. I am going to fix the mistake I did and close position is the zero profit and open scalp long after that. When it will happen we have to wait for the last wave 5 to execute short trade. The target for the entry point shifted to $17450 approximately, but watch out the market and trade it, not the convictions. I will tell you my actions under this article. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
17
Bitcoin: A Speculative Scenario to $30KHappy new year everyone. It has been months since I've last posted. The bear market has been rough for everyone, including myself, and while I don't think we'll be headed towards a massive bull trend anytime soon, it might be too soon to let go of hope now. In this post, I'll explore a speculative scenario in which we retest $14k before moving to retest $28k, similar to the move we have seen in 2019. This post is not financial advice. This is for educational and entertainment purposes only. Any analysis or prediction about the future price of Bitcoin should be taken with a healthy dose of skepticism. With that being said, let's consider the following scenario: Analysis - I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'. - According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k. - This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k - Eventually, we would peak around summer of 2023, with everyone thinking that the macro bull market has resumed. - Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again. - People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k. Conclusion What I have witnessed in the past year was terrifying. Lots of people who have made generational wealth (both through crypto and equities) from 2017 to 2021, have lost everything. By everything, I don't mean seeing -70/80% losses on their accounts. I mean literally seeing nothing but 0. These were people who we thought have 'supposedly made it'. We can even take the case of the whales who had deposits on FTX. Of course, there were small retail investors who have lost their humble earnings, but there were also individuals who have lost millions on FTX. The market is the great humiliator, and will take from the impatient, and transfer wealth to the patient. Don't forget that there's always plenty of opportunities, and that more likely than not, you will have a chance to buy cheap Bitcoin - cheaper than you've ever anticipated. Stick to the plan, and make sure you accumulate assets of value. As to what is considered 'valuable', is something you have to ask yourself. If you like this post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
Long
by Michael_Wang_Official
3
BTCUSD Weekly Volatility Analysis 9-13 Jan 2023 BTCUSD Weekly Volatility Analysis 9-13 Jan 2023 We can see that currently the implied volatility for this week is 7.29% With this in mind, currently from ATR point of view we are located in the 44th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: *For calculations, I am using the data since 2022* Bullish: 4.42% movement Bearish: 7.23% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 15.8% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18154 BOT: 15830 Taking into consideration the previous weekly high/low, currently for this candle there is : 64% probability we are going to touch previous weekly high(already done) 25.5% probability we are going to touch previous weekly low Lastly, from the technical analysis point of view, currently from Daily timeframe indicates 40% BULLISH trend from the moving averages index Weekly timeframe indicates -66.67% BEARISH trend from the moving averages index Monthly timeframe indicates -46.15% BEARISH trend from the moving averages index
INDEX:BTCUSD
by exlux
2
Bitcoin - The newest Local UpdateHello Traders and Investors. I hope you are doing well. At this point, $17,200 to $17,600 is a strong resistance zone. The price has been accumulating for a very long time, volatility has dropped to historic lows, it means that a new strong price movement is coming soon. In which direction it will happen, it is difficult to say now. Anyway, the last fast fall of the price to the level of $12k would be the ideal culmination of this accumulation, after which we could already relax and enjoy the growth of the price to $32k. But also very bearish market sentiment and waiting for the $12k crowd suggests that it could be a trap. Locally, I see an area where there are many preconditions for opening a short trade. These include: - Sell Streak (my own crypto-indicator). Unfortunately, by Trading View rules I can't share my paid indicator for free, my ideas are blocked for that, I can only do it on twit$er (yeah, that's really stupid, I don't get it), so just trust me, it is there! - Imbalance Zone. - Extreme level. - 0.5 - 0.68 Fibonacci I will open a trade in this area! All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Short
by Yaroslav_Krasko
9
Bitcoin - Short Term ReviewToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). Bitcoin price has been heading higher but it may meet resistance very soon as shown in the chart. Volume is low and RSI is headed towards resistance. I have been calling drops on BTC since November and December of 2021. Be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
BITFINEX:BTCUSD
by MillionaireEconomics
1
Bitcoin – my insane short setup!Hello, everyone! Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because I am going to show you the sniper short entry on Bitcoin. Let’s go! We are using 15 min time frame of the WHITEBIT:BTCUSDT chart because we want to see the local picture. On the 1h BTC is printing wave 5 and now we have the purpose to catch the very top of the wave 5 inside the wave 5 of higher degree. Using our favorite awesome oscillator we found the the wave 3 top. It coincides with maximum AO value. Now the market is in boring wave 4 which has the most frequent target between 0.38 and 0.5 Fibonacci retracement. If you are intraday trader you can use this information to open scalp long. My purpose it to find the wave 5 top. First of all let’s take a look at the wave 3. It has almost reached the 2.62 Fibonacci extension. It means that it’s extended, that’s why wave 5 is going to be ordinary. Therefore wave 5 has two targets: $16983 if it’s trimmed, $17056 if it’s normal. How to define the trimmed wave 5 before it happened? To be honest I don’t know, it’s tricky task. I can only consider the underlying structure on 5 min time frame. Which trading plan do I have? I am going to place limit order at $17056 and if I will see the weakness next to the $16983 I change the entry level. I want to remind you that the target for this short at the $12-14k. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
19
🎁BUY BITCOIN in pullback🎁🔰You can see the analysis of Bitcoin in one hour time frame (BTCUSD_ 1H)🔍🧨 💥Considering that the price has managed to break the Down trend line🖤 and is making a pullback❗ to it, there is a possibility that the price will rise from this pullback area to the SUPPLY zone🔺🚀 ⚠❗This analysis will be violated if the price goes below the DEMAND zone and stabilizes below it⚠❗ Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _______📈TRADER STREET📉______
COINBASE:BTCUSDLong
by TRADER_STREET
2
BTC Bottom Finder with RSI 📉Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical Indicator the RSI (relative strength index) over a long period of time, in other words a macro view. For more data that goes back further, I'm using BTCUSD instead of BTCUSDT. The RSI is trading in the historic oversold zone, but as we can see during the bottom of end 2014- beginning 2015, another leg down into the oversold zone is possible before continuing back upwards. This is indeed the scenario that I would be expecting, considering we have already tested this zone once but with talks of a global recession in 2023, we could see another leg down to support zone $11K before the final accumulation phase ends. I am by NO MEANS predicting the bottom date; just a simple overview that BTC is generally accumulated at a good price around this zone. Keep your eye on these 4 altcoins that have great upside potential during 2023, possibly even during a bear market as they are prone to pump and dump untimely 👀 XLM and DOT XRP and LTC _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:BTCUSD
by CryptoCheck-
32
possible Bitcoin price trade for weekendSo, the first trading week in the new 2023 is coming to an end. The week turned out to be quite calm, the price of BTC grew +2.5-3%, while altcoins showed slightly better results from +5% to +25% shown by the ETCUSDT pair. We described our expectations for 2023 in this idea: Today, the market may move a little bit, because the US unemployment rate will be published _____________Fact_____ Forecast____ Previous 06.01.23_____ ?________ 3.7%________ 3.7% - we expect smooth growth, consolidation 02.12.22_____ 3.7% ______3.7%________ 3.7% - smooth growth, consolidation 04.11.22_____ 3.7%______ 3.6%________ 3.5% - Market collapse The main thing is that the indicator is as predicted or even better. Deviations in the direction of deteriorating dynamics can provoke market collapses. So for the weekend, we will try to trade with a short stop Entry $16510 Stop $16274 Take profit $17444 Profit/loss ratio 4/1 Next week, on 12.01, the updated CPI will be announced And on 01.02.23 the next FOMC meeting will announce a new Fed rate and really shake up the financial markets. Therefore, we expect that January will pass in consolidation with smooth growth. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
36
Will Bitcoin rise back above 20k in the start of 2023?In the past months, Bitcoin trading was boring, to say the least with the ranges becoming smaller and smaller. However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto. More, since mid-December BtcUsd formed a double bottom with confirmation above 17k. A break above this pattern could lead to a rise at 18k resistance and in the longer term, would confirm 16k as a higher low and Bitcoin could rise even to 21k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
25
The continued risk for $BTC downside to $12.9kAs I wrote in my last chart , $15.8k would be the first target to the downside. It was just hit. Now I want to update the chart with the current thoughts being new price action has played out and the chart is becoming more clear. It looks like today's pivot might've been a short term bottom. Now that sets up a new trading range. I think we'll likely trade between $15.5k and $17.5k until one of those ranges break. If we break resistance, that sets up the opportunity for price to retest the $18.8k region. I don't think we break that range though to the upside. Instead if we get a rejection there, I think it sets up a move back to $15.5k or down to the lower support at $12.9k. I think price will largely chop around in this range for the next week or two and towards the end of November I think we'll see a new low at $12.9k. Let's see what happens from here.
COINBASE:BTCUSDShort
by benjihyam
1
Greyscale GBTC - After 1 Year (Update)Today you can review the technical analysis idea on a 1M linear scale chart for Grayscale Bitcoin Trust (GBTC). GBTC has been falling significantly and it does not look good for the firm. Though they hold a significant amount of BTC, the discount is close to 50% and climbing resulting in the value of the Bitcoin held under $10,000 in the trust. This is a mega concern! My first warning on GBTC was on NOVEMBER 16, 2021 when the price was near $50. It has lost close to 85% of the value since my warning. Now I am concerned that the price will continue to go lower, possibly even back down to under $2 where it was trading in 2017. There is a possible support near $5 but if that breaks, it will be really concerning. Be careful! If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
G
by MillionaireEconomics
6