Downtrend Imminent!Monthly heikin ashi printing the first red and stochastic RSI at it's max says it all!
Bitcoinidea
BTC Falls Below SMA 200 After Grayscale ETF VictoryIntroduction:
The recent news of Grayscale's ETF victory has sent shockwaves through the cryptocurrency market. Bitcoin (BTC), the flagship cryptocurrency, experienced a significant drop below its Simple Moving Average 200 (SMA 200) following this development. As traders, it is crucial to approach this situation cautiously and carefully assess the potential risks and rewards. In this article, we delve into the implications of BTC's decline and present a cautious call to action for those considering shorting BTC.
Understanding the Grayscale ETF Victory:
Grayscale's ETF victory has undoubtedly generated excitement among cryptocurrency enthusiasts, as it promises increased institutional adoption and market liquidity. However, the immediate aftermath has seen BTC's price plummet below its SMA 200, a key technical indicator widely used by traders to gauge market trends. This development raises concerns about a potential bearish trend reversal, urging traders to exercise caution and consider alternative strategies.
Analyzing the BTC Price Drop:
The fall below the SMA 200 is a significant technical event that cannot be overlooked. It indicates a potential shift in market sentiment, with selling pressure overpowering buying interest. Traders must recognize that this decline may increase volatility and further downside potential for BTC. Therefore, evaluating the market dynamics and adopting a cautious approach to trading becomes crucial.
A Cautious Call-to-Action: Shorting BTC:
Considering the current market conditions, traders may cautiously explore shorting BTC as a potential strategy. Shorting involves borrowing BTC and selling it at the current market price, expecting to repurchase it at a lower price in the future, thus profiting from the price difference. However, it is essential to note that shorting carries inherent risks and requires careful risk management.
1. Conduct Thorough Research: Before initiating any short positions, traders must conduct thorough research and gather insights from reliable sources. Analyze the market sentiment, technical indicators, and fundamental factors that could influence BTC's price movement. Remember, informed decisions are crucial in managing risks effectively.
2. Define Risk Tolerance: Clearly define your risk tolerance level and set appropriate stop-loss orders to limit potential losses. Volatility can be unpredictable, and it is essential to protect your capital by implementing risk management strategies.
3. Diversify Your Portfolio: Avoid putting all your eggs in one basket. Diversify your trading portfolio by exploring other cryptocurrencies or traditional assets to mitigate the risks of shorting BTC. This approach can help balance potential losses and enhance overall trading performance.
4. Stay Updated and Adapt: The cryptocurrency market is dynamic and subject to rapid changes. To make informed decisions, stay updated with the latest news, market trends, and regulatory developments. Be ready to adapt your trading strategy accordingly.
Conclusion:
BTC's fall below the SMA 200 after the Grayscale ETF victory presents traders with an opportunity to consider shorting BTC cautiously. However, it is crucial to approach this strategy with utmost care, conducting thorough research, defining risk tolerance, diversifying your portfolio, and staying updated with market dynamics. Remember, trading involves risks, and exercising caution and adopting responsible practices is essential.
Note: This article does not constitute financial advice. Traders should seek professional guidance or conduct further research before making investment decisions.
Bitcoin Catching up to Traditional FinanceBar chart = S&P500, red MA = 111W MA for S&P500 (taken from PI Cycle Indicator)
Orange line chart = BTC, orange MA = 111W MA for BTC
Key takeaway: Notice how we are dipping much lower from the 111 and we are still lagging roughly 8 months behind on the "catch-up" move to traditional markets.
Grayscale Victory Funded by Perpetual Future BTC TradingIn the ever-evolving world of cryptocurrency, Bitcoin (BTC) continues to dominate the market, attracting both seasoned traders and new investors. Recent developments surrounding Grayscale's victory have shed light on the influence of perpetual future trading in shaping the BTC landscape. Today, we delve into this topic cautiously, urging traders to be wary of who trades BTC and to exercise prudence in their investment decisions.
Unveiling the Grayscale Victory:
Grayscale, a digital asset management firm, recently made headlines with its monumental victory in the SEC's lawsuit. This victory has solidified Grayscale's position in the market and highlighted the role of perpetual future trading in funding such endeavors. Endless future trading refers to a trading strategy where traders enter into contracts that do not have an expiration date, enabling them to hold positions indefinitely.
The Influence of Perpetual Future Trading:
While perpetual future trading has merits, it also introduces volatility and uncertainty into the BTC market. The ability to hold positions indefinitely allows traders to exert significant influence on the price movements of BTC. This influence, coupled with the vast resources at their disposal, can potentially distort the market and impact the decisions of other traders.
A Call for Caution:
Given the increasing prevalence of perpetual trading, BTC traders must exercise caution and remain vigilant. Here are a few points to consider:
1. Research and Verify: Before making any investment decisions, thoroughly research and verify the credibility and intentions of the parties involved. Look beyond the surface and explore the trading strategies employed by BTC entities.
2. Diversify Your Portfolio: Instead of relying solely on BTC, consider diversifying your portfolio with other cryptocurrencies or traditional assets. This approach can help mitigate risks associated with the influence of perpetual future trading on BTC.
3. Stay Informed: Regularly stay updated with the latest news and developments in the cryptocurrency market. You can better assess the impact of perpetual future trading and make informed investment decisions by keeping yourself informed.
Conclusion:
As BTC continues to gain popularity, traders must be cautious and discerning in their investment choices. The recent Grayscale victory, funded by perpetual future trading, is a timely reminder of the potential risks associated with this trading strategy. By researching, diversifying, and staying informed, traders can confidently navigate the BTC market and protect their investments.
Call-to-Action:
In this volatile landscape, it is crucial to remain cautious when trading BTC. Take the time to understand the motivations and trading strategies employed by entities involved in the market. By doing so, you can safeguard your investments and make informed decisions. Stay informed, diversify your portfolio, and trade responsibly.
Where is BTC going, BTC strategyi hope every thing in Chart is clear.
Of course, all this fails if the monthly upper channel is broken.
Also, re-testing is not always certain.
Will update if necessary
please put your idea all is Allowed
In last, this is not investment advice please.
Is BITCOIN hinting at an upward rebound? Long trade #3Hello colleagues! We are continuing our new section of clear trades.
Today we'll talk about BTC. In the previous trade , we correctly identified the direction of the market. However, the market did not give us the opportunity to enter a position where we were safe:
Today, we will try to catch a short-term trade within the consolidation.
Since 15 August, the price of BTC has fallen aggressively by 14%. Since then, BTC has been trading in a narrow range of $25800-26900 . Such a weak reaction from buyers can indicate two things:
- The market is very weak and will continue to fall in the short term
- Buyers have organised a range to gain positions and the cryptocurrency market will continue to consolidate for some time.
Given that the price is now near the lower boundary of consolidation, it is quite logical to try to catch a long trade.
Why is the entry point below the liquid range?
As you can see on the chart, we believe that the strong liquid zone is in the range of $25800-25880. However, if you open the 15-minute timeframe , you can see an interesting pattern:
In addition to the fact that trading volumes are growing near the $25800-25880 range , you can see that BTC's local growth begins only after a false breakout of an important liquid zone. After a false breakout, a retest takes place, and only then does the price of bitcoin head towards the upper boundary of consolidation.
Bitcoin is a short-term trade:
Given this pattern, we expect to catch a long trade:
#BTCUSDT
2h
Enter = 25665
Stop = 25276 (- 1.5%)
TP = 26921 (+ 4.9%)
P/L ratio = 3.23
To be on the safe side, part of the position can be bought at $25665 , and the other part after the rebound and retest of the $25800 range.
What do you think of this trade and what is your vision of the bitcoin market? Write about it in the comments!
BTC another drop or growth is coming ?BTC / USDT
Welcome all for my new BTC analysis,
After a long boring period of low volatility price made a big move yesterday with more than 800M liquidation ‼️ ,so lets jump to the analysis,
The Price dropped hard after losing the bullish dotted trendline to finally reach the weekly demand directly and also the moving average so this is strong support
✳️ What next ?
After a few consolidations We see upcoming bullish wave (or a bounce)That can visit 30k again
The invalidation: losing 24k ❌
✳️ Summary:
1- saving 24k => 30k
2- Losing 24k => another drop and closest target is 20k or even lower
Don’t forget to like this idea and follow for more analysis/ signals, Have a good day
✨GRAYSCALE WINS AND BITCOIN ETF! ✨ ✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed.
✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been shocking, no doubt casting doubt upon the SEC's decisions and reasonings with the Judge pointing out the fact that the SEC did in fact not offer any explanation or reason for why Grayscale could not file an ETF/go through with the conversion.
✨ This of course doesn't mean or give a 100% confirmation of Grayscale being successful with the Bitcoin ETF, but the ruling alone in itself is a huge achievement and will allow Grayscale to get another chance basically, and this time the SEC can't slap them away or deny the review.
✨ Such is the reason behind the big move up we've had today across the market with Bitcoin and XRP leading the way as whales jump back in amongst the positive news/outcome which had been weighing on the market considering Grayscale alone manages over $14 billion in assets and holds $643,572 BTC as of currently which definitely holds a lot of weight in the market.
cointelegraph.com ] cointelegraph.com
✨ I'll leave the idea there for now but I've attached a link to an article below by Coin telegraph which should help explain more things about the ruling in detail for those of you that would like to read in more but regardless it's very positive and I'm happy with things of course.
✨ Thanks for joining me as we go about our crypto journey, not just as one, but together. It's not always easy but days like this really help ease the mind sometimes. Feel free to leave a like or follow, never hurts and always helps. Thanks and all the best!
~ Rock '
Bitcoin Can't Remain Oversold ForeverTraders,
Technical indications have now gone bearish but my portfolio still remains long overall. So, what am I waiting for? And, when will I begin selling? I'll show you in this video.
Stew
BTCUSDT TradeAfter taken liquidity of the buyside and change of character wa take fvg OF 5 MIN AN ENTRY POINT we will see a drop of the price to taken liquidity of the sellside ( 5 time frame analysis)
- Trading is probability control your risk management
Good luck!
BTC forecast | JPM analysts foresee a stabilizing crypto marketAfter the last price target was reached:
Now per a Bloomberg report, analysts from JPMorgan Chase, including Nikolaos Panigirtzoglou, have recently published a research note indicating that the cryptocurrency market is poised to find stability in the coming time.
The report attributes this prediction to a reduction in the open interest of CME Bitcoin futures contracts, a typical sign of a diminishing price momentum.
The analysts are of the opinion that the recent downturn in the cryptocurrency market, marked by a nearly 12% decrease in Bitcoin's price over the last fortnight, is approaching its conclusion.
In the past, when banks were pessimistic about crypto, it was a good time to buy. When they are optimistic, they aim to trap retail investors at higher prices.
I don't foresee a stabilization in the price of Bitcoin until it reaches a stronger support, such as $23,900.
Looking forward to read your opinion about it.
#Bitcoin - thoughts out loud #4Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
Local distribution is not yet complete. After a sharp price drop, the instrument generates a margin. There is no culmination of sales, so the possible momentum is even lower. If there is no final impulse, then an upward movement is inevitable.
The mood is positive, waiting for the asset to gain.
Thank you for your attention, and a special thanks for your likes and comments.
Sometimes you win/sometimes you learn.
#Bitcoin
Sweep the Leg Cobra Kai?
Weakness showing on HTF now, losing Key MA. I'm still macro bullish, but how many would be prepared for a dive down into some lower swings/supports? Potential is there if we dont start reclaiming some LTF moving averages and soon.
Wouldnt be surprised to see a small push up, catch some late longs out and drive them down for squeeze - seeing alot of narrative behind ETF , which if delayed will only drive the impatient away.
Liquidity below, how could see many puke positions in the very late $teens only to see full reversal for a deviation play.
time will be my only judge.
reclaim of Daily MA for me to re-assess my bias.
bitcoin predictionBitcoin is currently in an 'C' upward trend.
Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284.
Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on.
Scenario 3: As everyone is anticipating further downside, it could actually rise up to 29000.
Bitcoin: Timing the Bull Market with EMA120Simplicity makes the perfect. The Exponential Moving Average (EMA) is a key technical indicator used by investors and traders to identify market trends over a specific period.
When it comes to Bitcoin, the EMA120 level has proven to be a significant indicator of long-term trends. A breakout above this level could signal a strong upward trend, making it an ideal time for investors to consider entering the market.
For conservative investors, buying Bitcoin above the EMA120 level can be a safer strategy. However, for those willing to embrace more risk, longing Bitcoin at this point could potentially yield higher returns.
Despite the current low price of Bitcoin in the overall cycle, it's important to remember that we may not see a return to prices around $16,000 unless there are unforeseen 'black swan' events. These unpredictable occurrences can significantly impact the market and cause drastic price fluctuations.
Earlier this year, Bitcoin has attempted to break out above the EMA120 level but failed, returning to the level of the previous neckline. However, this doesn't mean that the opportunity has passed. On the contrary, when Bitcoin's price returns to the EMA120 and successfully breaks out again, it could be the ideal time to invest for the long term.
Patience is key in this scenario. Waiting for the right moment to come!
*One strategy: Buy now, long at EMA 120
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
Is BTCUSD low at 28477 going to hold and become a W bottom(3)This is in reference to our previous ideas of looking at a potential entry on 4h and daily timeframe to capture a weekly Phase 1 turning point. The rationale is based on our smart money framework and indicator.
The last weekly potential bottom has not held and price is going further down.
Lets wait and see if this week's bottom holds. Our first point of consideration is when the 4h or the daily bottom confirms by the SMI backed by VSA. The critical level to observe is 24756 as in the chart image. if that is broken,trend changes and it will be a downtrend.
Refn images and links from our previous ideas are as below.
Bitcoin:Monthly chart ViewHi guys.
Hope you have had perfect trades.
In this idea i will share you some TA perspectives about
Bitcoin Longterm reactions according to historical datas.
As you can see each time the price reached the MA50 , made a
trough below it and then come back above.
Now we can se in Monthly chart that after price shaped
a Bottom under MA50 , it tries to come back above with a
Bullish Engulfing pattern.
after that we surpass MA50 with another white candle and now ,
Unfortunately we have some frauds in market.
(China Evergrande Group bankruptcy and Tesla sold
millions of BTC).
So in my opinion after a few weeks , Bitcoin start to continue
its smoothed run and go towards 36000.
its the level we will see at the end of 2023.
after that...
Lets see what will happen and dont predict far futures :)
If you like my opinion please tell me yours in comment.
Thank you all my friends
BTCUSD Breakout Trade IdeaBTCUSD wait for breakout and trade in the direction of breakout or place your but and sell stop.
Manage your risk according to account size!
Urgent Update: BTC Faces Critical DecisionBitcoin (BTC) is standing at a crucial crossroads, where significant trend lines intersect with a vital support line. This convergence raises the possibility of a bearish movement. Traders are closely monitoring this critical point, as it could mark a significant change in BTC's price trajectory.
The intersection of these trend lines hints at a potential alteration in BTC's price behavior. Experts are cautious about the outcome, indicating that this intersection might result in a decline in value. The presence of the support line, recognized for preventing substantial price drops, adds gravity to the potential downward direction.
Notably, there's a projection that BTC's price might decline to around 20,000 USD.
BTC Whale deposited 4,451 Bitcoin on Binance equivalent to $133MThe recent significant whale move in the Bitcoin market, particularly involving the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL, raises concerns about potential downside risks for the cryptocurrency. Here are the key factors that might signal a bearish outlook for Bitcoin:
Market Manipulation Speculation:
The sudden deposit of 4,451 BTC (worth $133,689,815 USD) to Binance from the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL suggests large-scale movements by a single entity, commonly referred to as a whale. Such significant transactions can trigger speculations of market manipulation, as the actions of whales can influence Bitcoin's price in the short term. Traders and investors may become wary of sudden price swings and might choose to stay on the sidelines, leading to increased market volatility.
Potential Sell-Off Pressure:
The fact that the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL is currently holding 15,604 BTC (worth $467.84 million USD) raises concerns about a potential sell-off. If the whale decides to liquidate a substantial portion of its holdings, it could exert significant downward pressure on Bitcoin's price. Large-scale sell-offs often trigger panic among retail investors, leading to cascading price declines.
Increased Uncertainty:
Whale activity of this magnitude can create uncertainty among market participants, particularly regarding the future direction of Bitcoin's price. Investors may question whether the recent price appreciation is sustainable, and concerns over the potential for a market correction could lead to reduced buying interest. Heightened uncertainty may result in decreased trading volumes and overall market sentiment turning bearish.
Regulatory Scrutiny:
Large-scale whale activity in the cryptocurrency market can attract regulatory attention. Authorities may closely monitor such transactions for signs of market manipulation or illegal activities. Any regulatory intervention or negative statements could add to the bearish sentiment surrounding Bitcoin, leading to price pullbacks.
Potential Chain Reaction:
Whale moves of this magnitude often spark chain reactions, as other market participants observe the actions of major players and follow suit. This could lead to a domino effect of selling pressure, exacerbating the downside risks for Bitcoin.
For now I`m bearish on BT Bitcoin.
Looking forward to read your opinion about it!
#Bitcoin - thoughts out loud #07Good evening , we are from Ukraine!
I expect further depreciation of the cryptocurrency market.
But if we see the strength of the buyer at the price of 25k, we will break through local highs. But judging by the current situation, the chart shows weakness.
That is, after exiting the trading range (breaking through local highs), we correlate the spread to the volume, which indicates a narrowing of the spread and a decrease in volume several times.
For further upward movement, we need new forces. At this time, they are absent.
Thank you all for your attention, I wish you success .
Sometimes you win /sometimes you learn .
#Bitcoin
BTCUSDT Daily Analysis After fill FVG of downtrend and rejection of a key level we will see a retournement of the price to retest breaker block
