Bitcoinusd
Bitcoin / USD Long and Target will be 17950Bitcoin /USD trading in Descending Channel pattern. According to chart pattern analysis we might see upside in Bitcoin/USD towards resistance level of channel pattern at 17950. long trade can taken with stop loss as shown in chart.
trade with stop loss and own capital risk management.
views/opinions are welcome to discuss
This support looks legitlook at these two supports.
we can see a pullback on a very long dynamic broken resistance,
and also a decent pullback on a HV on volume profile.
next resistance without looking at waves and harmonics is on 19K.
this idea is not investment advise. so be careful. we have no support below down to the 14000.
Bitcoin – more pump, but crash will be anyway!Hello, everyone!
Last time I told you that we can anticipate another one leg up before the dump, I have even placed short limit order at $17080 . Today market gave me the lesson that it’s alive and we shouldn’t place the limit orders. When we place it we trade our convctions and desires instead of market. This is the violation of rule which Bill Williams gave us. To be honest I forgot that I placed this order before the weekend. Market was not volatile and I was scared that the desired move is going to happen during sleep. The current pump was stronger than I supposed and it has changed the local wave’s structure, but overall forecast is the same.
Let’s take a look at the 2h time frame of the WHITEBIT:BTCUSDT chart . I swiched to 2h from 1h because Bitcoin has printed more than 100-140 bars, which is needed for trading chaos approach. Wave 3 is obviously happening now becuase of the highest awesome oscillator value. The price hit exactly the extended wave 3 target of 2.61 Fibonacci extension. It means that market is ready for the corrective wave 4. I am going to fix the mistake I did and close position is the zero profit and open scalp long after that.
When it will happen we have to wait for the last wave 5 to execute short trade. The target for the entry point shifted to $17450 approximately, but watch out the market and trade it, not the convictions. I will tell you my actions under this article.
Best regards, Ivan
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Bitcoin: A Speculative Scenario to $30KHappy new year everyone. It has been months since I've last posted.
The bear market has been rough for everyone, including myself, and while I don't think we'll be headed towards a massive bull trend anytime soon, it might be too soon to let go of hope now.
In this post, I'll explore a speculative scenario in which we retest $14k before moving to retest $28k, similar to the move we have seen in 2019.
This post is not financial advice. This is for educational and entertainment purposes only.
Any analysis or prediction about the future price of Bitcoin should be taken with a healthy dose of skepticism.
With that being said, let's consider the following scenario:
Analysis
- I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'.
- According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k.
- This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k
- Eventually, we would peak around summer of 2023, with everyone thinking that the macro bull market has resumed.
- Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again.
- People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k.
Conclusion
What I have witnessed in the past year was terrifying. Lots of people who have made generational wealth (both through crypto and equities) from 2017 to 2021, have lost everything. By everything, I don't mean seeing -70/80% losses on their accounts. I mean literally seeing nothing but 0. These were people who we thought have 'supposedly made it'. We can even take the case of the whales who had deposits on FTX. Of course, there were small retail investors who have lost their humble earnings, but there were also individuals who have lost millions on FTX. The market is the great humiliator, and will take from the impatient, and transfer wealth to the patient. Don't forget that there's always plenty of opportunities, and that more likely than not, you will have a chance to buy cheap Bitcoin - cheaper than you've ever anticipated. Stick to the plan, and make sure you accumulate assets of value. As to what is considered 'valuable', is something you have to ask yourself.
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Bitcoin Volatility All-Time-LowBitcoin's volatility is currently at an all-time-low meaning we haven't seen major price changes in a very long time. This is incredibly rare for a very volatile asset such as Bitcoin, although the uncertainty in the markets fueled by recession thoughts is the likely cause of this.
Bitcoin Cup & HandleBitcoin is forming a cup and handle pattern on the Daily chart, and is currently close to breaking out. Although we can't know for sure if it will break to the upside or downside, Cup & Handle patterns are known to be bullish, therefore, the potential bullish target is available on the chart.
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed of all the fun non word noises.
Still not convinced of the bottom is in, and here is why!
Bitcoin – my insane short setup!Hello, everyone!
Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because I am going to show you the sniper short entry on Bitcoin. Let’s go!
We are using 15 min time frame of the WHITEBIT:BTCUSDT chart because we want to see the local picture. On the 1h BTC is printing wave 5 and now we have the purpose to catch the very top of the wave 5 inside the wave 5 of higher degree. Using our favorite awesome oscillator we found the the wave 3 top. It coincides with maximum AO value. Now the market is in boring wave 4 which has the most frequent target between 0.38 and 0.5 Fibonacci retracement. If you are intraday trader you can use this information to open scalp long.
My purpose it to find the wave 5 top. First of all let’s take a look at the wave 3. It has almost reached the 2.62 Fibonacci extension. It means that it’s extended, that’s why wave 5 is going to be ordinary. Therefore wave 5 has two targets: $16983 if it’s trimmed, $17056 if it’s normal. How to define the trimmed wave 5 before it happened? To be honest I don’t know, it’s tricky task. I can only consider the underlying structure on 5 min time frame.
Which trading plan do I have? I am going to place limit order at $17056 and if I will see the weakness next to the $16983 I change the entry level. I want to remind you that the target for this short at the $12-14k.
Best regards, Ivan
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BTC is testing $17K and preparing for a possible drop to $15KAfter it failed to break the Fibo 38 level @ $17800, Bitcoin is testing Fibo 23 level @ $17000 and is preparing for a possible drop to $15000 and even $13000 levels, Signs of weakness appeared clearly especially on smaller time frames, where a reflective candle formed on the hourly chart, we still need to see how the daily candle will ends.
Bitcoin – last pump before crash!Hello, my dear friends!
Last time I told you that Bitcoin should grow to $17200 before the crash. This pump is going to print wave C. Today we are going to consider the wave’s C underlying structure to reveal where the price can reverse.
Let’s take a look at the 1h time frame on the WHITEBIT:BTCUSDT chart. I suppose that wave 3 has been finished becuase it has already reached the 1.61 Fibonacci extension level, the natural target. Moreover, the maximal Awesome Oscillator value corresponds to the wave 3 top.
Now BTC is forming the wave 4. The most likely target for this wave has been already reached at the 0.38 Fibonacci retracement level. After a short sideways move I expect the last leg up in the wave 5 before the anticipated crash. Wave 5 has two targets. The conservative one is the $17070 , the positive one is $17245 .
Best regards, Ivan
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BTC Technical Analysis 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez!
In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, it created a huge Bearish Orderblock ( Resistance area ), effective immediately, and reached the PoC (point of control at the level of 16550$ and has been consolidating since then. It is also important to mention that, Bullish Divergence in Volume has been forming since then in the Chart: Volume decreases steadily - Price making higher lows, hence Bulls are in control. Taking under consideration all these statements, let's get to it!
As we can clearly observe on the chart, we retested the minor Orderblock at 16800$, and the price retraced to the PoC immediately! That's a good sign considering big moves tend to occur, after a huge period of consolidation. Planning forward, after retesting the lows at 16350$ in the forthcoming days, we expect price to move accordingly:
Test the HUGE Orderblock at 17700$,
Reject to the newly formed lowest resistance at 16800$
Retest the Bearish Orderblock
Consolidate inside the area between 17700$ -18400$, building up capital for the next leg up
Market makers move the Price to SL hunt area, liquidating retailers, and convincing them a leg down is on the rails.
Price pumps breaking the OB and finally filling the Fair Value Gap Area around 19500$ - 20000$, building inner confidence to the retailers, indicating us a Reversal. TIP: Reversals do tend to occur, when everything indicated the opposite!
Breaks all support areas and creates a new low below 15500$.
Consequently after analyzing the technical perspective, we plan to move based on the above-mentioned!
Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa.
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
Not a Financial Advise!
Trade with Caution!
Best Regards, CryptoQueens.
BTCUSD weekly (04/01/2023)Happy New Year to all traders!
I have been waiting for a while and accumulating for these purchase points in Bitcoin, here I leave you a new comparative analysis of the weekly BLX on a logarithmic scale together with the Bitcoin Logarithmic Curves and the Rainbow Price Chart.
On this occasion, the purchase points with the highest historical profitability in BTC have been analyzed with various indicators:
- 200MA hold or brief break
- PA on a macro scale with very high pressure points
-RSI touching the lower bands
(all of them as minimums of the previous cycles)
-BLGC the logarithmic curves in minima
-
BRPC maximum sales accumulation points
In my opinion, I think we are facing the best buying opportunities, perhaps with the best point at 15k or around a few days ago. I am sure that the true BTC and Blockchain maximalists are taking action in these areas.
A strong greeting and I wish you a wonderful year!
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¡Feliz año nuevo a todos los traders!
Llevo tiempo esperando y acumulando para estos puntos de compra en Bitcoin, aquí les dejo un nuevo análisis comparativo del BLX semanal en escala logarítmica junto con las Curvas Logarítmicas de Bitcoin y el Rainbow Price Chart.
En esta ocasión,
Se han analizado los puntos de compra con mayor rentabilidad histórica en BTC con diversos indicadores:
- 200MA espera o breve descanso
- PA en escala macro con puntos de presión muy altos
-RSI tocando las bandas inferiores
(todos ellos como mínimos de los ciclos anteriores)
-BLGC las curvas logarítmicas en mínimos
-Puntos máximos de acumulación de ventas BRPC
En mi opinión, creo que estamos ante las mejores oportunidades de compra, quizás con el mejor punto en 15k o hace unos días. Estoy seguro de que los verdaderos maximalistas de BTC y Blockchain están tomando medidas en estas áreas.
Un fuerte saludo y les deseo un maravilloso año!
The Third Eye IntuitionAfter a significant amount of eyes peering at the previous "Second Thought" chart, my third eye recalibrated to a more accurate senario that also aligns with some significant dates and measures.
A VERY LIKELY SENARIO
1. Four Hundred Fourty-One days ends a cycle in the eyes of W.D. Gann, and that puts us at 1-20-23
2. Using the Gann Star and placing the .5 at our most peculiar low reveals a larger time frame and also 1-20-23 bottom area.
3. The date will be 1-19-23, that our bottom first touches, then 1-20-23 it touches for a double bottom
4. That leaves us with 15th, 27th, 8th, and 20th to concern ourselves with as turn dates for other waves.
5. We also have ~14276, ~11592, ~9027 (bottom) to concern ourselves with.
Bitcoin will crash exactly at this level!Hello, traders!
Last time I made an analysis on Bitcoin where I told about the imminent pump to collect the stop-losses of the short traders. Now it looks like the Bitcoin is following my plan and today we have the information which can help us to dive more accurate target.
Let’s take a look at the 4h time frame on the WHITEBIT:BTCUSDT chart. I want to briefly remind you my main idea. We had 5 waves cycle to the downside as a wave 1 of the higher degree. Now BTC is printing the corrective wave 2, which is represented as a zigzag ABC. Waves A and B have been finised. The wave C now is in progress.
In general Bitcoin wants to grow to $17200 to fulfill at least the 50% of the imbalance candle. This target acts as a magnet for the market maker. Moreover, this area is located just above the bright local highs, which means that a lot of stop-losses are hidden there.
We can also look at the underlying structure of the froming wave C. I suppose that Bitcoin have already formed the waves 1 and 2 and we are waiting for the wave 3 finish. This local wave has 2 targets. The conservative one has been already reached at $16756 which is 1 Fibonacci extension. We can now see the reaction, but I think price will reach the $16940 as the wave 3 most likely target. Anyway the entire wave C should touch $17200 before the huge crash. Follow the updated to this idea where I am going to consider the Elliott waves on the 15 min time frame.
Best regards, Ivan
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Bitcoin (BTC/USDT) Predictions for January 2023Bitcoin prices continue to trade just above the support levels it has been held for over a month now. The price has been testing the crucial 200-day MA levels for the past few days but woefully facing a steep rejection each time. Meanwhile, the bearish volume continues to prevail due to which the BTC price is feared to retest the 2022 lows again.
The BTC price has slashed the volatility heavily due to which the bulls continue to remain off-shore. The bearish triangle is being extended finely signalling the continuation of a bearish triangle. In the next 24-48 hours, the BTC price is believed to test the upper resistance at the 200-day MA levels which also coincides with the resistance of the descending triangle. A successful attempt may enable the price to rise beyond $17,000 and eventually hit $18,000 or rejection may lay down a fresh bearish wave to drop below $14,000.
Insane short on Bitcoin this New Year!Hello, everyone!
It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet.
Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave.
Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short.
I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen.
Best regards, Ivan!
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
BTC/USD LongAn idea with a broad perspective on bitcoin. My assumption is that if it breaks the ~17700 level , with upward direction then possibly we can see the price hitting the 20000 level , in order to complete the pattern. So i will enter in the trade if the price closes above 17700 level on a 4H chart :)