Bitcoinmoon
#Bitcoin - thoughts out loud #10.Good afternoon , dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
I continue to accompany this asset with a subjective vision.
In my opinion, a deeper correction is needed to continue the asset's gains.
All trading patterns should be searched for on the younger time frames (15 minutes, for example).
But in any case, the market will equalize everything, because it is always right .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .
BTC Bulls Are Back or liquidity grab ?BTC/45M
Before the pump yesterday, WE formed a pennant (two purple lines bottom left) then we legged up insanely to ~24900 but did not touch the origin point of resistance ~25212.
now we are forming the same pattern (two red line top right).so this could go up to ~28600 with this momentum that its showing. Green drawing shows the wave of the pennant which both have the same wave.
pennants usually are sign of continuation and if they fail it could be a jebait or a complete retracement.
My personnal bias is down side due to market and world economy situation.
Also made a video today which unfortunately is in DXY category in link to related ideas
Please Comment,Boost,Follow if you find this interesting
#Bitcoin - thoughts out loud #9Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets .
At this stage of the situation, we see this algorithm being clearly worked out. When an asset shows a strong movement without corrections.
The current situation only suggests that we need to wait for a possible corrective movement or flat movement.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
Entry point
#Btc
#Bitcoin - thoughts out loud #7Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
Why long?
As we discussed in the previous opinion, we saw how the price followed the stop loss.
At this stage of the situation, professional operators need to lock in profits and buy the asset at more favorable prices to continue moving up. Due to the stop losses, retail traders fill buy orders and it is possible to re-enter the position for further upward movement, because we need fuel to move further. But there is one thing: if there is not enough demand in this range and professional operators are not interested in continuing to move up, we will most likely see a depreciation of the asset.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
BTC Bitcoin Double Top this month ! Price TargetI expect CPI data will come better than expected on Feb 14.
The medium forecast in 6.2, I expect 6 - 6.1.
The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation.
BTC Bitcoin will make a Double top at $24280, just to go lower by mid 2023 after SEC banning crypto staking in the US!
Looking forward to read your opinion about it!
#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
BTC SHORT TERM INTRADAY IDEABTC OUTLOOK
Due to bullish exhaustion at monthly resistance at 24k , i do expect BTC to have a minor retracement as we are in right now. We have CPI data to be released tmrw and my take on CPI is that we might still get high inflation due to how strong the labour market was last month. This would break down pivot prayers and would cause short term dollar strength which in turn could give us a dip across all risk assets in this case BTC. I am still bullish for a few months to come but will wait for the dip to happen before entering longs on BTC.
Set buy limit orders on BTC @
20250
19200
Take profits will be 24000
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈
Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''.
We notice in the picture a difference between the price on the chart and the '' RSI '' indicator,
So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉
Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️
⚠ You must wait for a signal or entry sign in order to buy bitcoins.
Outlook on BTC ( 5/2/2023 ) Swing trade has been a success as of today since longs was called out in late November leading into December. Using BTC as reference to all other crypto coins, we are up a solid 48.65%.
Do i believe we will continue higher ? yes i do. Fundamentally the market sentiment has just started to shift. The relieve rally that we are experiencing now was expected but will be short lived. My ideal take profit levels has been stated above and i would not mind scaling out alittle at its current price point as we are having slight exhaustion due to a technical reason of BTC being at a major resistance now. Upon a break of this level would give us another leg up which will ideally hit our take profit targets as marked up above.
With both fundamentals and technical aspects showing us a bullish bias, i would only shift and scale out all my long positions if there is a fundamental shift. Which i do believe will happen but only in the mid year. ( likely recession ) I may be wrong hence scaling out and bagging alittle profits at current price is a good idea.
BITCOIN PENDING LONGS 💰💰💰From a HTF premise for me BTC is still bullish we are makin higher highs and higher lows on a weekly timeframe, and right now price fullfilled all the imbalances on te buy side and should go to close the bearish one. What puts me in favour for longs more than shorts is that we have a weekly orderblock in 44-43k area that should act like a valuable area of ,, support ,, if you will. Only a close above 40k will make me rethink my view on BTC THE KING.
What do you think ? Commente below..
Bitcoin's Last attempt to ride up?BINANCE:BTCUSDT
Hi guys Mr.Karimi here analyzing the BTC future trend.
As you can see there are 3 EMA's along with a decent PRICE ACTION level holding the BTC correction. my opinion on bitcoin divides into 2 Scenarios:
1- BTC would hold at this level and the EMA'S would carry the price up to the All time high resistance and then the real market crash starts and rejects the price back to the 31k price it may happen in an impulsive way or an annoyingly long correction trend. However the result would be the same.
2- BTC would rise once more, Break the All time high and retest the new support zone with a pullback. Maybe some consolidation there for some time for BTC to gain more strength.
I'll update the idea later to show you guys the results no matter it's a win or loss.
What's your insight about the BTC trend? leave your opinion in the comment section.
Bitcoin's Last attempt to ride up?Hello guys, Mr.Karimi here and i'll be with you today analyzing the bitcoin trend in the following days. As you can see there are 3 EMA's along with a decent Price Action Level holding the bitcoin correction strongly. The Orange Line is the 50 Daily EMA, The Red line is the 100 daily EMA and the Black one is the 200 Daily EMA. so basically I would consider these EMA's a strong zone of support for BTC as long as the price respects them and doesn't try to violate the zone. I have 2 Scenarios here one that BTC would run up for the last time touching it's all time high and then bears come in and reject the price strongly back to 31K and the other would be a little optimistic though as bitcoin goes up breaks the all time high and retests the level and starts consolidating for a few days to collect strength and reach for higher Targets. I'll Update this Idea later to see which direction bitcoin would choose. What's your analysis of the Trend? Leave your opinion in the comment section and let's discuss about it.
Bitcoin Meets Elliott Fibonacci: The Definitive CountBitcoin’s run thus far has been wild. The future will only get wilder.
Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit.
Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all.
Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
Bitcoin 150MA Is A Trampoline. The 150 MA on the 4hr Chart is a very reliable "floor" in this entire Bullrun candle sticks have only closed below 2 times, yet bounced off of it to new highs several times. Am I the only dude who has ever unlocked this secret.
Spoiler Alert: Yes
Now I share my limited but insightful TA as the 13th or 14th smartest serf who ever was, with all my fellow serfs. Let's get awkwardly Rich together.