Bitcoinusdt
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them !
- So if u went in around 19k+, you had already a great deal.
- Now if you didn't board the first train. i suggest you to wait.
- i don't show any indicators to keep the chart clean.
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Trading Parts
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- we are reaching a particular zone, so be cautious ( bears or bulls same )
- Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator.
Buy Zone : 21,150++ (DCA)
TP1 : 22,500
TP2 : 24,900
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Happy Tr4Ding !
$BTCUSDT BitcoinWhat Is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
BTC USD ( Pls read)i told you
I have a chart you don't know, the chart where whales are trading. According to that chart and my analysis, the bottom of bitcoin will be found in December at the latest. They stole our pants because of the stock market wars. The market organizer is doing a great job, I congratulate him wholeheartedly. Both short and long emptied everyone's pockets. Now the exchanges will raise bitcoin with the money they receive. Remember, in the market, on youtube, on live broadcasts, on the forums, when everyone says we sank, fell, finished, bitcoin starts to rise unexpectedly like Santa Claus entering the chimney. There will be a bottom in a very limited time in front of us, if anyone has cash, definitely collect it gradually from the green place I have shown on the chart, because bitcoin will not fall that far again. Thanks to the young CZ, we fell down early, thank you very much, we fell fast without crawling. Remember, no trend lasts forever. Rising fast falls fast, falling fast rises fast.
BTC/USDT - Key Zones To Watch 👀In the wake of one of the craziest weeks in crypto history, we look at the BTC Daily chart.
There's 2 zones to keep an eye on in both the short & mid term.
That being the $16-20K we find ourselves in now
And the "doomsday" zone of sub-$13K BTC.
We have to consider just how systemic the FTX situation is with the amount of assets they might have pledged as collateral via Alameda.
Combine that with an overall bearish macro situation, that doomsday zone sounds evermore likely.
Nonetheless, we will always remain LONG TERM bullish on crypto, however in the short term we'll be eyeing some nice scalp/swing setups, along with great HODL entry points for longer term investing.
Either way - keep your head on a swivel. Crazy times!
-TucciNomics
Chief Overlord, AlgoBuddy
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX.
This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌
Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝
We're looking for a local bottom around $14-16K.
Still a volatile week ahead with CPI and elections finishing up.
Stay safe and eyes peeled! 👀
Bitcoin , Btcusdt Bitcoin support levels - 20500$ and 20000$
Bitcoin resistance - $21,100$ and 21,900$
Market depends upon Bitcoin movement so trade carefully with risk management.
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Bitcoin tried to break the 21,100 but got a rejection . A candle closing above this value could start a Bullish momentum.
Tomorrow is the weeky candle closing and bitcoin showed amazing movement this week .
On-chain data shows the Bitcoin exchange inflows have spiked up over the last day, something that could prove to be bearish for the price of the crypto.
Bitcoin dominance is going down which was the reason altcoins performed better than bitcoin.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.02T, a 0.21% increase over the last day.
The total crypto market volume over the last 24 hours is $85.82B, which makes a 0.51% increase. The total volume in DeFi is currently $4.67B, 5.44% of the total crypto market 24-hour volume. The volume of all stable coins is now $76.38B, which is 89.01% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 38.93%, a decrease of 0.14% over the day. That's why altcoin pumps
Spot Bull & Bear phases thanks to the USDT & USDC Dominance 🎯By using Technical Analysis on the USDT.D + USDC.D chart, compared to the Bitcoin chart, it becomes easy to spot Bull and Bear phases, let's have a look :
What we can see :
- Thanks to this parallel channel we can see that every time the USDT/C dominance reaches the top of the channel, Bitcoin starts a new Bull movement. And every time the USDT/C dominance chart reaches the bottom of the channel, Bitcoin starts a new Bear movement.
- As you can see, sometimes it did not reach the top or the bottom of the channel, BUT the Tenkan and the Kijun can give you the directions!
What we can expect :
- Next bull movement for Bitcoin is gonna happen once USDT/C dominance loses the Tenkan + Kijun and breaks the median line ! On the other hand Bitcoin must regain and close above its Tenkan.
- Always remember that Technical Analysis has its limits and the macroeconomic events must prevail over all analyzes, for any asset class! Ask Putin 🥲
Good luck traders, may the crypto be with you 🍀
FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
BTC non-bullishFor me BTC is at best neutral. I would not consider buying it befor it breaks above the orange resistance trendline. Even if it does I would not expect an immediate price explosion (maybe 50% to 30k but then a retest back to ~22k. That is when I would first buy it. I can also imageine a few months of sideways action.
I can see a bear flag forming on multiple timeframes - even up to the monthly level now (which this chart represents). This, combined with the orange resistance trendilne and the fact that the 2017 top at ~19.800 was a weak level (only a wick reached it then it was easily broken through on the first try), I would say that a convincing retest would occur for me somewhere between 10k-13k. At least that level made price react on several occasions. That makes it a more valid support area for me.
As we are heading deeper into the recession (recent CPI data shows an increasing inflation, uneployment rates started to rise, winter is coming in Europe, energy prices are still hectic), I do not expect people and institutes to start large-scale spending just yet. I am sure, if we survive the following months maybe few years, the market will present us with some buying opportunities of a life-time - or at least for the following decade.
$BTC profitable range for swing traders$BTC moving as planned thus far: stopping at all expected levels on the 1D chart.
I'm interpreting this chart as $BTC forming and moving in a HTF range. I am not reading anything bigger (like macro trend reversal) into the recent move.
This is a profitable range for swing traders. 2017 high is strong support so great long opening, and several obvious TP points along the way. Vice-versa also being the case with shorts.
New range forming on Bitcoin for LTFSo yesterday I posted an idea that said BTC PA is showing bullish weaknesss and may set the precedent for a new drop. (Idea is linked as related idea below.)
Reason why I said so was that there was an absence of any significant buyer reaction following the big drop we had the day before. PA was just weakly crabbing, with buyers showing a complete inability to overtake sellers enthusiasm.
Overnight (I'm in EU) this drop did take place. (Sadly, my TP was missed by a millimeter - but that's irrelevant to my point here ;) )
Point being is that we are now seeing the strong buyers reaction that was absent yesterday.
I think this is indicative we **may** be seeing the formation of a new LTF range.
I indicated the range in blue, the resistance zone in red, the support zone in green, and possible deviation levels as thick dashed lines.
It's very early to say that this will indeed be the range for the coming time. We need to see another high rejected at the level, and another low supported at the level for strong confirmation. And remember that Mondays and Tuesdays can be deceiving.
However, for now I'm using this as a main orientation for as long as it is not invalidated. What is particularly important to watch out for today is the reaction of the price once it hits the bottom of the range.
**If** it reacts strongly (which, taking into account the first reaction, I think it is more probably than not that it will), I think range is confirmed, and we can play it.
NFA, but I hope it is helpful.
Update for BitcoinIn my previous analysis, we closed most of our shorts in enormous profit, and opened a long.
I now see some bearish signs, so I advise either closing the long in profit right now and shorting, or hedge a short and keep the long open as well.
This is a scalp trade, however if we continue the downtrend and break the local support at $20.8k - $20.9k then it can turn into a longer term swing trade!
RISK: Medium/High ( be careful!)
Risk to Reward: Excellent
Keep the short's Stop loss at $21,4k$, or slightly above!
Short term targets are the support at $20,8k - $20,9k, if we break these I will post an update with more Targets!
Remember to follow me for constant quality market updates, for the price of $0.00!