Bitcoinusd
BITCOIN and the Daily CrossThis is a continued post from The Desperate Push to 26k, the avoidance of the weekly death cross.
Please review previous post before reading and boost/share for visibility.
Simplifying the outlook, these are the only two things I am currently looking at. The Daily and Weekly, golden cross vs death cross. I'll take the shorter timeframe in this bout, so a golden cross on the daily to turn the death cross on the weekly around. To do this Bitcoin will have to move up from this range shortly to the 26k-30k range.
The last 5 golden crosses on the daily have resulted in:
21,Sep,2021: 46k>68.5k
16,May,2020: 10k>64k
17,Feb,2020: 10k>market bottom
21,April,2019: 5.5k>13.7k
28,Oct,2015:$300>20k
This is not financial advice. Please take this as an analysis only and trade on your own terms.
BTCUSDT - ULTIMATE Support MUST HOLDHi Traders, Investors and Speculators of the Charts 📈📉
Bitcoin is about to retest an important support zone at $21800 . If BTC is unable to secure this support, the next support is only at $18400.
A possibility exists to take a low leveraged long from the support, however this will be a high risk trade due to the nature of the cycle - it's unclear whether or not this is the first stages of a new bullrun or whether it's a bulltrap. I'd be more confident to claim the start of a new bull cycle IF we can maintain the current trading range and NOT CLOSE a candle UNDER this support zone.
Can I interest you in an Altcoin? Check out this idea on BATUSDT:
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Financial Wave. BTCThe price of Bitcoin dropped to the level of canceling our upward forecast of $23,608. The fall has stopped, and as long as the price of BTC is above this mark, there is a possibility that the growth in wave 5 will continue and bring the price of BTC to $26120. If Bitcoin drops below $23608, our priority scenario will change.
GOLD CONTINUES TO FALL🔥👍Hello fellow traders!
XAUUSD breaks a key level (50% fib level)
Checklist:
✔Broke key level
✔RSI is in bears possession
✔SUPERTREND is in sellers' possession
✔FIB is passing 50% possibly going for the 23.6% fib (respecting the 161.80% fib rule)
13,550 Pip Analysis
(Take a look at my recent XAUUSD Analysis for more info on the 161.80% fib retracement rule)
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
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 .