Bitcoin is on the edge of collapse!Hello, everyone!
Of cource we caught yesterday's pump, but it was the local tarde. In the mid-term I have some evidences that next 3-4 months will be bearish. We will most likely see the new bottom.
Let's take a look at the BINANCE:BTCUSDT chart below. I chose the 4D timeframe. It's not standard, but we need 100-140 bars to count waves according to Trading Chaos by Bill Williams. Therefore 4D is the perfect one.
Awesome Oscillator helps us to define the wave 3. It's minimum was in 2022 June. The most important thing is to distinguish impulsive and corrective waves. Impulsive wave is always outside the Alligator. Therefore, dump from $25k to $15k was not the impulsive wave. This wave was not the wave 5, I consider the wave B inside wave 4. The entire wave in this case is represented as the complex correction. The abolutely untradable one. That's why most trader, including me were shocked by the recent pump from $15k to $24k .
Wave 4 now has the minimal requirement for it's end. I am talking about the AO zero line crossover. Taking all these facts into account, my opinion is the Bitcoin will collect liquidity above $25300 high. The area between $26k-28k is going to be the start on the last bearish wave which will break down $15k .
Best regards, Ivan
Bitcoinusd
BITCOIN - The Desperate Push to 26kBitcoin has broken the trend line on every time frame up to the Weekly. Need to stay north 22k through Monday to close the weekly above trend and buy time.
Next task on the list is to avoid the weekly death cross. Hence the desperate push to 26k. There is a load of support at this level with both the 50 and 200 ma present.
We've tested support on the trend line and will have a new high if we hold above 23.5k
IF that happens, next resistance is 26k where we will attempt to break the Weekly ma's and result in a very bullish Golden Cross on the Daily.
IF all of that happens then we will have officially reversed in my eyes.
One main reason I am bullish and have continued to buy up crypto since 16k is that we officially have a Green Monthly Heikin-ashi. If this closes green which I expect it to do, I will be very bullish. This is a very bullish sign and the first green monthly HA since November of 2021.
If you are following my $SPY trade, this is also a great hedge.
Once we reach the 25k, we are going down. But not “too” downI have posted multiple times about this pattern. This is a very unique elliot waves formation that can make a lot of people a lot of money.
Funny though, it aligns perfectly with the cyclic astrological patterns too (similar to what Gann used to do).
Btc will correct one more time before starting the next two years bullish cycle.
Do you want to kno when is that? Make sure to follow me here on tradingview. I will post my prerictione here.
BITCOIN: Explosive move liquidates $200 million positionBitcoin's price increased by 13% this week.
The price of Ethereum followed BTC's lead and increased 11% in one week.
This unexpected move caught roughly $200 million in trades off guard.
Following the release of the US inflation figure on February 14, Bitcoin (BTC) and Ethereum (ETH) saw a massive increase in interest. Hotter-than-expected expectations were dashed, indicating that disinflation is the dominant story. It was a catalyst that sparked this explosive rally, when combined with the Federal Reserve's dovish stance at the February policy meeting.
Even during Bitcoin's brief correction in the first week of February, altcoins were dominating this 2023 rally. There was a lot of money riding the altcoin wave, as evidenced by the performance of certain coins, which more than tripled in just a few days.
Looking at the overall market, it appears that $200 million in positions were lost in the last 24 hours. According to February 15 liquidation data, $154 million in shorts and $14 million in longs were caught off guard.
Humans are not perfect- Very Basically SOPR (Spent Output Profit Ratio) measures the price bought versus price sold. ( but it's more complex than that )
- Negative SOPR typically means people are selling for a loss. ( red dotted Lines columns )
- Positive SOPR typically means people are selling for a win. ( Blue dotted Lines colums )
- So what we can notice and deduct from this graph ?
- Simply that we are not perfect.
- The Fear and The Greed.
- We scare when the price goes up too much.
- We fear when the price goes down too much.
- Most of the time we sell to early.
- Most of the time we sell when it's time to buy.
"Human being is the fact to be imperfect anyway"
Happy Tr4Ding !
BITCOIN -WE JUST BROKE A 300 EMA - 150% - 1500% TO FOLLOW -CM101BITCOIN / USD TA
Bitcoin just broke a 300 DAY MOVING AVERAGE! In the prior two tines that this has happened, we were in 2020 and in 2022 - both results in massive gains raging between 140% - 1,600% - Given the current global market 'uncertainty', we can easily be looking at a $100k+ Bitcoin some time this year.
Stay Tuned!
Financial Wave. BTCAfter a massive upside breakout of the Bitcoin price, we changed our priority scenario from bearish to bullish. At the moment, we are seeing the completion of a small wave (5), which may end at $24,671. Let's see how BTC behaves at these levels and in the near future we’ll be able to determine the next growth targets for Bitcoin. If the price drops below $22,300, the upside scenario will be cancelled
Bitcoin price, "FUD around BUSD", U.S. Economic Data This Week:The trading week started with a rather "active news background":
"Paxos (BUSD miner) will face a lawsuit from the SEC in connection with the issuance of unregistered securities (stablecoins).
With a total capitalization of $16B, BUSD is the 3rd largest stablecoin, with 90% of the stablecoin concentrated on Binance.
BUSD also accounts for 21% of all customer reserves on Binance.
The issuance of new BUSD has been suspended, and exchange for fiat dollars is still possible."
"Such a "regulatory raid" on Binance's partner may be a retaliatory operation by the US authorities to try to destroy the business of the offshore exchange Binance, after CZ became the starting point of the FTX fraud disclosure in November 2022 and refused to cooperate with USDC."
At the moment, it looks like another batch of FUDs "to bring" the market down to the desired levels. Securities are bought with the aim of making a profit from the asset's appreciation in the future, and the essence of stablecoins is a stable exchange rate, a stable trading deposit, without profit. The US dollar is not considered a security, right?)
In recent months, the cryptocurrency market has been strongly correlated with the SP500, which is directly dependent on US macroeconomic indicators.
U.S. Economic Data This Week:
- CPI Inflation (Tues.) 🔥.
- Retail Sales (Wed.)
- Ny Fed Manufacturing Index (Wed.)
- PPI Inflation (Thurs.)
- Philly Fed Manufacturing Index (Thurs.)
- Jobless Claims (Thurs.)
- Housing Starts (Thurs.)
We are most interested in the new inflation rate that will be announced tomorrow, Tuesday, February 14, 2013. After all, it's one of the main indicators that the FED wants to take control of and talks about at every speech is inflation at 2%.
Last month, the inflation rate dropped to a projected 6.5% and the cryptocurrency market exploded with growth on 12/01/2023.
Our expectations for tomorrow, 14.02.2023:
- inflation at 6.2 percent or more - falling prices on the crypto market
- lower-than-expected inflation < 6.2% may cause smooth growth.
Anyway, the crypto market has been growing very well for more than a month. Against the background of the previous downtrend for more than a year, the growth in January can be called phenomenal.
Personally, we do not have enough price correction to continue the growth.
There are two fractals on the chart:
1. We published the white one last week, and it is now working well and indicates that a drop to the liquidity zone of $18900-20400 is possible. For us, this is currently the main scenario, and it is in this liquid zone that we plan to buy long positions.
2. The blue scenario is in case super-positive CPI figures are announced tomorrow. Accordingly, the buy zone for long positions will be $21200-22300.
Which trading scenario for the coming week is more to your liking? Share your thoughts in the comments below the idea
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Bitcoin Long Opportunity 20230211Signal:
Blue -> Green * N; Red -> Green: Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Bitcoin situation update and Trading PlanSo, in the previous idea of February 3 (I will attach), I assumed a correction in the block 21500-20800 as you can see, our scenario from this idea is perfectly implemented, for a better understanding, I strongly recommend reading this forecast and trading plan.
Now to the current situation , I am now taking the side of an aggressive buyer and getting both alt and bitcoin as I was waiting for the price to come into this range . Moving on to the technical picture - we are in a strong support block , which was previously our resistance , these are the price values of $ 21500-20800 , I believe that now there is an additional accumulation of the asset with the goals of throwing into the block 28-30 k for bitcoin . IT is IMPORTANT to keep this support block as when anchoring below , the road to the next range is open . I have shown you an approximate version of the price movement , and also noted the main levels that you need to follow . If you make a trading decision about recruiting and following my proposed trading plan , then be sure to recruit partially and from the anchors , so that the recruitment process is easy for you psychologically .
I 'll write a few more words about the viola , there are a lot of new , and most importantly , relevant setups for the viola set , so check it out - maybe look at something , I repeat , I 'm also starting to gradually dial the alt in this range , I 'm typing only the one that I gave in the channel .
In general , I briefly described my action plan , if something is unclear , then ask in the comments . Good luck in trading .
BTC Short term scenarioHi guys, this is not trading advice and the risk of this position depends on your previous trades, profits, and margins. It's just a scenario in completion of which, I can later explain some educational tips and instructions.
feel free to leave comments and ask your questions.
#BTCUSD - 30% Long has Finally Closed. Where's this Short Going?Well well well... What a month it's been for #Bitcoin. We've seen some huge gains and managed to net 30% ourselves with a #BTC long. Now we've got a Short signal from CTv2.
We can see a few defined areas where the price may be heading next if this Sell signal shows promise - the most likely scenario is Bulls are still prevalent and the price might only drop to the nearest level of support, around 10%, still a very nice Short trade to make!
The other option would create a pretty clear Head & Shoulders pattern and would mean #BITCOIN price reverts to previous levels down at around 16k - this would make for 20% profits or more!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Bitcoin BTC price and altcoins forecast for this trading weekToday, we're going to take a look at the BTCUSDT chart and write down our thoughts and expectations for the crypto market this week.
At the moment, it seems that the white fractal has started to work out of the two fractals we proposed last week.
Given the fact that there are no US macroeconomic data will release this week, it should be a quiet trading week. Stable price movement "to the right" with a slight volatility of 2-5%.
While the BTC price is unlikely to show strong movements, some altcoins may take advantage of this calm.
The only interesting thing this week that may be waiting for us is attempts to organize "upward shots" of altcoins that have not yet really shot in 2023. Therefore, we must be looking closely at the altcoins with increasing trading volumes
By the way, let us know in the comments which altcoins you think might pump this week.
But already on 14 February 2023 , when new US CPI data is due to be released, the fractal shows us that a more dynamic correction to the $19000 area may begin
But this is a completely different story, which we will tell in our next ideas. And you can like, comment, and subscribe to us to always "keep your finger on the pulse" of the crypto market with us.
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Execute Order 666: BTCUSD The Final CollapseBitcoin at a critical juncture in our lives. A tiny dominoe is about to collapse the house of cards.
Was it all by design? Is the math sound? Does a fiat collapse in the woods make a depression?
Come with me down to the depths of sound insanity.
The 1 hour had shifted. The recovery is over. In the next 6 months you will begin to understand The Final Collapse.
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.
Bitcoin. The buyer keeps the priceHello guys, today we have a rather bloody day on the crypto market, the price of bitcoin fell below the support zone of $21500-21700. Now the price is testing the next support zone (indicated on the chart). I would advise you to stay away, because if any of the zones is broken, the resistance will be very close. I watch and wait for a better situation for myself, as a leopard waits for a good moment to attack his prey. All goodness