Bitcoinusd
BAKE BUY H1Hello!
To long this cryptocurrency, it's better to identify a suitable range that has the value of taking the risk. You have identified two patterns for going long on this asset, and you give a higher probability of going long in the first base.
Without having any additional information about this asset and the identified patterns, I cannot provide an opinion on the level of risk and profitability of these decisions. However, considering technical analysis and identifying suitable ranges, you can make a decision to long this asset.
Wishing you success and profitability.
AUCTION/USDT- Hit All Targets with 321% Massive profitsDear Traders,
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Bitcoin BTC price is waiting for a "fresh" Fed Funds rate todayToday is an important day for the financial markets, in 10 hours (18:00 UTC) the Fed will announce a new rate.
98% of respondents expect a +0.25% rate hike from 5.25 to 5.50. More interestingly, it is predicted that this will be the last rate hike in 2023, and at the end of the year, they may even cut the rate a little.
We won't go into the macroeconomics, but usually, when the rate is raised, the financial markets react by falling.
That is, the financial markets have the following expectations:
+0.25% (projected hike) = controlled market decline
+0.50% = a strong decline in the markets.
But we also need to look at the flip side of the coin.
What if the projected +0.25% rate hike is already "priced in" to the current price? After all, the markets have been correcting for several days.
Then, with the announcement of the 5.50 rate, there will be increased volatility in the markets, but the "market players" will say: oh, great, everything happened as expected, the correction has taken place, and now we can grow.
Or, in an unlikely scenario, Mr. Powell will want to outplay everyone and say: "CPI is at 3%, which is almost 2%, which we have been pushing the economy to for more than a year, so we decided not to raise the rate anymore!" This will simply blow the markets up.
Now let's take a look at the BTCUSDT chart
On July 24, sellers managed to push the BTC price below the support of the 32-day consolidation in the range of $29500-31500.
It would seem that the first thoughts are: everything is lost, trouble, the sellers have won, you need to sell everything...
But take a closer look, do you see the increased trading volumes at the breakout of $29500? The massive triggering of long stop orders should have accelerated the fall, and there would have been forced liquidation of positions. But we didn't see anything like that.
Could this be a bear trap?
Today we will get answers to most of our questions:
- If buyers fail to gain a foothold BTCUSDT price above $29700, then the red scenario with targets of $28100 and possibly $27300 will be finally confirmed and activated. We also want to note that we probably shouldn't expect a BTC price of $20-15-10-7 thousand or whatever guru-influencers-traders predict, because the cost of mining 1BTC is now $20-23 thousand. And then there is also a halving in 9 months, which will increase this cost at least twice.
- If buyers manage to gain a foothold BTCUSD price above $29700, then the blue scenario with a target of $34200 will become completely real.
Now, read the first half of the idea again.
And I would like to conclude with a well-known trader's phrase: "Buy the Rumor, Sell the Fact".
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BTCUSD Could Drop By -4.17% Soon!!!From my analysis on bitcoin, we could be seeing a possible drop in the price of BTCUSD by -4.17% and beyond. From my analysis , we could see this turn over of price from 29377.4 zone as sellers will most likely accumulate volume at that price point before the go short and in turn we could see a -4.17% drop if the previous drop is measured correctly. As an additional note, we can also notice that the heavy accumulation zone around 29600 has been broken, another indication of price on BTCUSD been short for the next days.
BTCUSD Next Possible Move - Sell BTCUSDHello Traders
Our technical view has been shown in the chart.
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Seven Forex
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
BitcoinUSD longGrayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs
Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFs
The DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs.
Grayscale’s letter came more than a year after it sued the SEC for denying its spot BTC ETF application.
The SEC has since rejected several other spot Bitcoin ETF applications filed by BlackRock, Fidelity, etc.
Grayscale Investments, the asset management giant behind the world’s largest Bitcoin, has called out the U.S. Securities and Exchange Commission (SEC) for approving riskier Bitcoin futures ETFs and rejecting applications for the relatively safer spot Bitcoin ETFs. The Digital Currency Group (DCG) subsidiary penned a letter to the US Court of Appeals for the District of Columbia Circuit earlier today to express its frustration with the SEC’s recent conduct.
NVDIA 4HR- Pull back Very LikelySorry for the small screen, but this is pretty straightforward. Bearish Divergence on MACD (not shown cause screen size) along with price action showing slowed momentum when trying to push through the very local high ie. Double top.
I would try to catch the bounce at the EMA and or anything within the 0.326-0.618 fib retrace area for all you swing traders out there.
Simple, predictable price action.
You shall respect the TA, while the weak fall down the wayside.
-b
BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Bitcoin in serious juncture.We had Positive XRP news that affected the market positively through the week. The market is ready to accept such. But 32 000 +- needs to be broken.
Right now w/Crypto markets and GOLD we are recoiling. Bitcoin is BULLISH all year long. A breakout will mean a Bull run and will catch momentum !
Ninja Talks EP 31: Bruce Lee TradingEmbracing Bruce Lee's Timeless Insights to Conquer the Markets
"Empty your mind, be formless, shapeless like water. If you put water into a cup, it becomes the cup. If you put water into a bottle, it becomes the bottle. If you put it in a teapot, it becomes the teapot. Water can flow or it can crash. Be water, my friend." - Bruce Lee
Embrace Adaptability: Just as water adapts to any vessel it occupies, be flexible and adaptable in your financial speculation. Markets can change rapidly, and being rigid in your approach can lead to missed opportunities. Adaptability allows you to adjust your strategies according to market conditions and seize profitable opportunities.
Cultivate an Open Mind: Emptying your mind, as Bruce Lee suggests, means letting go of preconceived notions and biases. Approach financial speculation with an open mind, ready to learn and explore new ideas. Embrace different perspectives, strategies, and techniques, as they can broaden your understanding and lead to better decision-making.
Flow with the Market: Water flows effortlessly, finding the path of least resistance. Similarly, in financial speculation, it's crucial to flow with the market rather than fight against it. Pay attention to market trends, follow the momentum, and align your trades with the prevailing direction. This doesn't mean blindly following the crowd, but rather understanding the market's dynamics and adjusting your positions accordingly.
Be Shapeless in Risk Management: Water takes the shape of its container, and in financial speculation, you must be adaptable in managing risks. Tailor your risk management strategies to suit different market conditions. Employ appropriate risk mitigation techniques, such as position sizing, stop-loss orders, and diversification, to protect your capital and navigate uncertain market environments.
Maintain Emotional Balance: Just as water remains calm and tranquil, strive for emotional balance in your financial speculation. Emotions like fear and greed can cloud judgment and lead to impulsive decisions. Practice emotional discipline, keep your emotions in check, and make rational choices based on sound analysis rather than being driven by emotions.
Learn to Flow and Crash: Water can flow gently or crash with great force. Similarly, as a financial speculator, you must learn to navigate different market conditions. During times of stability, adopt a flowing approach, where you follow trends and take advantage of gradual market movements. However, when faced with turbulent times, be prepared to crash, which means having the ability to protect your positions, cut losses quickly, and adapt to changing market dynamics.
Find Your Own Path: In Bruce Lee's quote, he advises, "Be water, my friend." This suggests that you should find your own path in financial speculation. While you can learn from others and study successful strategies, ultimately, you must develop your own approach that aligns with your goals, risk tolerance, and strengths. Being water means discovering your unique style and adapting it to achieve success in the financial markets.
By integrating these seven points derived from Bruce Lee's quote, you can approach financial speculation with a profound mindset, leveraging adaptability, open-mindedness, market flow, effective risk management, emotional balance, versatility, and a personalized approach to carve your path to success.
That’s all for todays episode Ninjas!
Like, comment, follow and I’ll see you in the next episode.
Keep your blades sharp.
Ninja Nick
Bitcoin BTC price is at a crossroads Vote on where price will goThe BTCUSDT price has been consolidating in a narrow range of $30-31 thousand for 21 days.
MM, which keeps the price in this range, has its own goals, which we can only guess at.
We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI announcement), but no.
The BTCUSDT price was smoothly falling to the lower boundary of consolidation yesterday.
This only proves once again that in the cryptocurrency market, it is still quite easy for the big money to fulfill their "tasks" and direct the price in the direction they want.
On the chart, we have presented two fractals of Bitcoin price movements that have occurred in the past.
It turns out that the price of BTCUSDT is now at a crossroads and the next few days may be "hot".
Of course, the activation of both the white and blue fractals will occur after the price consolidates above FWB:31K , or below $30k, respectively.
But still, which movement of the BTCUSDT price do you prefer in the coming days? Up or down? Please vote in the comments below the idea
We think that "the mood" of active participants in the crypto market will be interesting for many to see
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Trading Life- I don't post much right now because nothing exciting is on.
That said i will give u one more advise :
- When u trade you really need to switch timeframes.
- if you see nothing is interesting on 1 week or 1 Day, go to H12, then go H8, then go H6. etc...
- Now check your favorite indicators and look at some divergences.
- Divergences are the base of trading.
- Divergences tell you when you can "try" to enter a trade or not.
- if the market just follow the river, there's nothing to do, just watch.
- Spot for Divergences than bet on a trade is much better.
- Now check my graphic and get it.
- Really simple.
- Spot on Divergences and understand movements.
- Remember that trading is tricky.
- Naturally the market will always inverse what u think :D
- Sometimes, there's nothing to trade.
Stay Safe !
Happy Tr4Ding !
Bitcoin BTC price confuses everyone, and only 1 side winsFor more than 2 weeks, MM has been skillfully moving the BTCUSDT price in the range of $30-31k and "removing" the stops of both longs and shorts below and above this range.
We are betting that the exit from this trade will be upwards, at least to $32300-32500.
"Accidentally" on the upside, the price of BTC can be pushed higher to the targets we wrote in this idea.
Still, it seems to us that in consolidations from below are better and more confident in buying back the BTC price. And before that, the BTCUSD price falls easily because MM allows it and drives "small money" into short positions.
One example is the FUD of 30.06 about the failure of the Btc Etf Blackrock, the price fell exactly where it was profitable for MM and rebounded sharply upwards).
Well, we placed our bet: "Croupiers, spin the wheel" :)
Have a great weekend!)
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Momentum gaining traction after Monthly Close 🚀The final week of June was spent consolidating as some Buyers took profit and Short Sellers have attempted to force price down. After the Monthly candle closed on Saturday, we can see it as the beginning for a new ascent. Since then price has climbed 2.35% at the time of writing and reached a high of 3%. Weekly timeframe : There is no Supply AKA Resistance level on the weekly timeframe up to $47K. As long as the Weekly timeframe holds above $30,328 Weekly Support Level, we can look for higher prices. Daily timeframe : Our remaining pit stops for a bullish ascent will be a fight to close above $31,352 Daily resistance and $31,787 Daily resistance. After that there will likely be liquidity above structural wick highs at $32,373. I would not be surprised if BTC wanted a retest at $30,715 Daily S/R Zone once more before a further ascent. It used this price level as a resistance for the entirety of last week and it will likley act as a support moving forward.
HIGH/USDT Significant long moveAnalysis of Long Move for HIGH/USDT at Daily Chart-Time:
The HIGH/USDT pair is currently experiencing a significant long move on the daily chart, indicating a strong bullish market sentiment. Traders may consider taking long positions, anticipating further price appreciation.
Technical analysis using moving averages, such as the EMA (Exponential Moving Average), supports the presence of a bull market. The upward slope of the moving averages indicates positive momentum and potential buying opportunities for traders.
The RSI (Relative Strength Index) can be used to confirm the bullish trend. An RSI reading above 50 suggests bullish sentiment and reinforces the notion of a long move for HIGH/USDT.
Applying Fibonacci levels and Fibonacci retracement to the price action can help identify key support and resistance levels within the long move. Traders can look for price retracements to Fibonacci levels, such as 38.2% or 50%, as potential areas for adding to long positions.
Volume analysis and the volume profile are important indicators of the strength of the long move. Increasing volume during upward price movements signifies higher demand and supports the bullish trend in HIGH/USDT.
Breakouts above significant resistance levels and the formation of higher highs and higher lows indicate a sustained upward trend. Trendlines can be drawn to connect these higher lows, providing potential entry and exit points for long positions.
Support levels act as price floors during pullbacks and corrections, offering opportunities for traders to enter or add to their long positions. Monitoring these support levels is crucial for managing risk and setting appropriate stop loss levels.
When trading the HIGH/USDT pair, it is important to consider volatility, which can present both opportunities and risks. Traders should adjust their strategies accordingly and be prepared for potential price fluctuations. Liquidity is also essential, ensuring smooth execution of trades and minimizing slippage.
In conclusion, the HIGH/USDT pair is currently in a long move at the daily chart-time, signaling a strong bullish market sentiment. Traders may consider long positions based on technical analysis, including moving averages, RSI, Fibonacci levels, and volume analysis. Monitoring support levels, managing risk, and accounting for volatility and liquidity are important factors for successful trading in this bullish market environment.
Solid Monthly Candle & Momentum through Weekly Candle Closure↗️The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside. Our massive liquidations on Friday I believe served as a catalyst for a clear path forward. Looking at the monthly candle we can expect another Higher High on the next candle since it's in an uptrend and that was confirmed with market structure during the close of March's Monthly candle.
It's my belief that we will soon see our deeply feared $30,730 Daily Resistance Level act as a support for price.
Positional struggle on the Bitcoin price. Buyers' turn to attackDuring this week, sellers tried to push the BTC price below $30k at least 3-4 times.
But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation.
It was the buyer's turn to strike back and test the strength of the sellers.
The most difficult task is "first strike" and trying to break above $31400.
If buyers manage to fix the BTCUSD price above consolidation, then further growth should be easier.
Targets are $32650, $33600, $34550.
Buyers have a good chance to "nice close" both the weekly and monthly candlesticks in a few days.
The critical point is below $29500-30000 , where a large number of stop orders are hidden, and if sellers manage to bring the BTCUSDT price down there, it will be a matter of hours before it drops to $28000.
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Yet Again Bitcoin! Failure to close above $30,715 🧟Looking for downside as we move into the next Daily candle for a few reasons. We have had 3 Daily candles back to back fail to close above $30,715 Daily Resistance which was initially created on June 24th. this resistance has held for nearly a week now after a 25% pump from the lows. In the short term it's fair to anticipate a bit more depreciation in bitcoin value. Bitcoin is currently in a range and has been since the 23rd of June. The price behavior has been alot less amusing than the prior week. Just yesterday after dipping into Daily support at $29,901 .. it only took about 15 hours before price ran 2.8% back to the highs. The high of the range $30,715 said " not today" and price still sits in the range. Price is currently in the top half of the range.
I believe Inflation red folder news tomorrow during NY Session will help lead the way down and retrace back to at least our newest daily support level $30,085. At that point in time, if we get there, we will reassess. If we've entered the Fomo phase, why have we not continued pumping. Price is stalling at Medium term highs as the Monthly candle comes to a closure.
As the new monthly candle opens in 24 hours, it will likely create a bottom wick before it attemtps to drive up. That is the idea for this retracement into the new monthly candle
1Hr Timeframe
BITCOIN Scalp 24 June 2023Hello Trader
Bitcoin now is on bullish environment
last Friday showing market break high of Wednesday and Thursday with strong bull candle
Now what i'm anticipate on Saturday is market retrace and continue the expansion leg
During Asia Session Market grab Sell Side LQ and break higher sign Asia session bullish
now i'm waiting retracement on London to continue higher at least to $31,100
I anticipate a Long from below Midnight Opening Price (00:00 NY time)