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BTC/USD (Daily Fib .382 Still Valid)💎Technical Analysis Summary💎 BTC/USD -After an extreme price action yesterday liquidating both high leverage long and short positions -Bitcoin today is showing a little strength as the price is trading above the MA50 and MA200 -This is a good sign to the market because I can see some mid-cap to low-cap coins are recovering -If BTC can maintain above 46k for the next 3-5 days, I think that is a good swing entry for altcoins -On a daily market price structure BTC still respecting the Fib .382, this will be our key guide -As long as BTC can defend the 43k-44k Fib area, the bulls will always have a chance to bounce back -But take note because every bounce back recovery is a different story -So please always be cautious and follow your trading plan strictly ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTC/USD (Daily Fib .382 Acting Support)💎Technical Analysis Summary💎 BTC/USD -Bitcoin today's price action is still respecting the Fib .382 support area -The 50D Moving Average again acting as a dynamic support range -The bulls need to act fast and regain above 46k level to bring back momentum -If we want to see any signs of strength, the faster the 46k is regained the better -At least 2-3 daily candles above 46k level is a good sign for the short term -Regarding the Altcoin space, some are recovering fast but most are stagnant -There is no clear path for Bitcoin as of the moment -Please be cautious and use a proper stop loss if you are in a trade -Because if things go against you, you will only encounter a small loss -Good luck traders and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
BTC/USD (50D Moving Average = Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin price drops by almost -20% hurting the overall market space -The price touches the mid support area and we can see a strong reaction -The 0.382-0.5 Fib area is a confluence of the 50D Moving Average plus S/R -We can say the 52k dollar is the new swing top needs to break -And Bitcoin is ready for a longer consolidation between 52k-42k dollars -As long as this green support area remains valid for the month of September -There is still a good chance we see BTC goes above 50k again -I hope many have managed to follow their stop-loss or reduced their position -I do not recommend buying at the current market price -Because we do not know if the Bears has more gas left -The best way is to wait for any signs of strength especially in the lower timeframes -I'll give an update as soon as we have new data to back up our bullish bias -Stay safe and always follow your trading plan ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
15
btc 9/3 updategood morning everyone, pardon for not having any updates these last few days - had some technical difficulties with my pc, and just got it back today. so, let's talk about my btc post from july: i predicted a move up to around 50k back from the lows in july, and we're here right now. the volume isn't getting any stronger, this move doesn't really look impulsive in my eyes - and if it's not an impulse, then it's there's only one other thing it can be; a correction. i'm not convinced that wave 4 is in. intuitively, and based off everything i've learned over these last few years - i've gotta stick by my original count in which we see another low before the real bull run begins. maybe it won't be as sharp as i'm projecting, perhaps we see a massive triangle form before the drop into late 2022, but i do think we see that wave 4 target at (21.9k) get hit before any significant upside, despite how long it takes. --- stock market is about to see a major downfall in the days ahead, dxy is gearing up for a massive move to the upside - there's chaos in the streets, and the things aren't looking so hot in the real world right now. feel like the stars are aligning for a major spike to the downside soon, just not sure when. 51~54k is the area i'll be layering in my shorts, with confidence. best of luck to all, i might be passive for a few days unless i see some changes in the charts. ps. i think 4655 is the top for ETH, and the ETHUSDSHORTS chart just keep rising to astronomical heights unlike i've ever seen before. ps.2 micro alts might go parabolic soon, swing them in the short term for some big gains - just don't forget to take profits & always make sure to keep an eye on btc. ✌ 💸
Short
by Eloquent
22
JNK/TLT and BTC plotI was watching a video by "Game of Trades" dated August 31, 2021. He went over a JNK/TLT chart. I HIGHLY recommend it! It was the first time I had ever seen this chart. The shape at the end caught my eye. I thought, hmm. That looks a bit like the BTC (BLX) correction pattern. So I first drew a JNK/TLT chart then put the black tendency line at the JNK/TLT tops. Then I added BTC to the chart. Then I added the curved historical tendency lines to the BTC chart. Plus I added a blue 4 year cycle theory linear line to the BTC chart. I'm not a 4 year market cycle theory person, but I included it for those who are. Black line (on BTC) - historical curved tendency line Blue line (on BTC) - 4 year market cycle theory line I added vertical solid lines on the JNK/TLT chart at ratio highs and lows and drew them up into the BTC chart. Vertical dotted lines indicate other significant pivot points in the JNK/TLT ratio chart. JNK = SPDR Bloomberg Barclays High Yield BOND ETF TLT = ISHARES 20+ Treasury Bond ETH Vertical solid red lines - Ratio at a low Vertical solid green lines - Ratio at a high The idea is when the market is taking on risk, the JNK/TLT ratio goes up. When the market is decreasing risk seeking safety, the ratio goes down. And the chart is a plot of this ratio. As I mentioned above, on the BTC (BLX) chart I put the black historical curved tendency lines. Plus I put the blue linear (4 year market cycle theory) line for those who believe in this. Why? I think the JNK/TLT line offers another way to help determine that the top is in for BTC. So, no matter what theory you hold to, you can test it as the market matures. Nobody wants to get caught wrong footed stubbornly holding to a target price (including myself) based on theories and tendency beliefs, whichever they may be. **CONCLUSIONS** **1)** BTC up/down tendency seems to trend with the JNK/TLT ratio. This makes sense. If a market is taking on risk, well that is good for crypto. **2)** The JNK/TLT ratio tops, bottoms, and pivots sometimes correlate with the BTC chart, but only sometimes. There were some bullseyes at times. **3)** The tendency line of the JNK/TLT ratio tops may offer another crypto top indicator. So keep an eye simultaneously to whatever belief you have for your BTC target price. If the JNK/TLT ratio touches the tendency line - watch out.
AMEX:JNKLong
by gz1968
1
BTC/USD (Back at 50k Dollar)💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the EMA19 for the 4th time -This 46k-47k area is now confirmed as a key level -Currently, BTC is trading just above 50k -The daily wick resistance is only a few dollars away -Very good sign for the overall market space condition -If BTC can hold above 50k for at least a week -I think the next stop is 53k dollars or higher -Regarding the altcoins, many are performing well -Some are getting ready for another potential leg up -Due to the strong drop by the BTC.Dominance chart -Which I posted an update last August 29 -Good luck and stay safe everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTCUSD - not always bullish, but bullish foreverMid term / swing traders look for retracements. When everyone is mid-term bullish - it's probably a good signal to short, or at least to get out of the asset, especially after last weekly candle exposing weakening bullish sentiment. The pitch-fork works usually until it doesn't. More crucial in this chart is rather the 200 weekly moving average, which presents statistically best long/asset entry according to value in relation to the last two hundred weeks of price action. If you're here for the money with long term trading outlook, it doesn't really matter how high will asset go, but rather where is the perfect entry from risk management perspective. When price is at top or near ATH (all time high) the financial trading risk is at it's peak. Everyone knows that without saying, nearly everyone ignores it without any logical explanation. Technical indicators work on historical data... which not always can bring positive trading outcome. From long term perspective it is irrelevant to disagree with fundamental properties of this asset, broadening understanding of technology explosively affects demand. The bigger the new crowd however, the more unpredictable is panic selling and so is the father of all bubbles - the FEAR OF MISSING OUT. Be careful, be mindful, be successful by being patient. Good luck trading, Adam.
BITSTAMP:BTCUSDShort
by crypto_poet
BTC/USD (Short Term Consolidation?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is trying to hold the 48k short term key area -With the confluence of Fib support and Moving Averages -If BTC can make this level survive for the next 24 hours -I think we will have a higher chance of retesting the 50k dollar -If this happens, I'm expecting a good start trading week -I'm on the strong altcoins already and getting ready for a new leg up -Make sure to have a stop loss is placed once your trade is in profit -Always manage your risk and let your winners ride -Good luck and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
9
BTC/USD (EMA19 Acted Support Again?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the EMA19 as the price is bouncing up -We can see a descending bullish pattern -The only confirmation for this is an upside breakout -Many altcoins are now recovering from their recent pullbacks -If BTC will remain stable until the weekend -Things will be looking good for the crypto space -Good luck everyone and make sure to trade those strong coins ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
Fascinating isn't it?This just an idea.. DOES NOT MEAN IT WILL HAPPEN!! but just think about it. We are up 15x from the covid lows.. all of those who bought at 10k are now sitting with almost 5x returns...With the current trendline from BTC bitstamp chart back in 2012 we should see some kind of drop could be triggered with new black swan event in end of 2021 or 2022. Could be ban of crypto fud or all market crash like the 2020 covid fud. The cme gap at 9k everyone forgot about could be filled... Everyone is expecting 100k rally or worst case 20k drop... What if they do the unexpected and liquidated everything and make those who bought at 10k sell with panics. That could end the moon boys dreams and institutions buying their bags then going parabolic to 100k. by the way Black rock bought most of the US housing during 2020-2021 at 20% higher than the market price could be buying crypto they own most of the worlds assets from tesla to pfizer... they want everything control = power. Heard this saying before.. when institutions misses rallies they crash the market to buy at fair price. something like that. DO NOT TAKE THIS AS TRADE IDEA. this is just conspiracy
BITSTAMP:BTCUSDShort
by CringeCrypto
8
BTC/USD ($47k New Short-Term Support)💎Technical Analysis Summary💎 BTC/USD -Bitcoin found support at 0.5 Fib level -With the confluence of EMA 23 -This zone is also the previous resistance -If BTC finishes today's candle strong -I think it will likely to retest the 50k dollar -The Altcoins are bouncing up from the recent downside -Things are looking very interesting until the weekend -Good luck to everyone who catches strong Altcoins ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
5
btc 8\24 updatefigured it out. it's a simple zig-zag correction. fib channels line up nicely, and we just completed 5 waves down into wave (A) wave 3 saw an extension which caught me off-guard, but it resolved itself nicely at the end there. currently working on the mean-retracement into wave B before a move down into wave C to about 48k down there i'll be a bigger buyer. will work on figuring out the upside target when the time comes, for now let's let this play out and take it from 48k.
by Eloquent
6
a simple solution to a perplexing problem(theory)this is only a theory, nothing more. my best take at a problem which has a lot of people at a quatervois recently (myself included). ----- there are only two kinds of moves within these markets: 1. impulses 2. corrections if it ain't an impulse, then it's gotta be a correction - simple as that. can we agree that the choppy move from july 20th is not an impulse? it's a clean 3 wave move, with decreasing volume as we get higher. just look for yourself, the 3 day volume has almost come to a complete halt over the last few days, with some sporadic pumps that take us nowhere. i think this larger correction is only half way completed, and we have another 6~7 months of pain before it becomes tendie season again. don't think of this bear phase as something negative either, look at it from the perspective of - if you're willing to wait it out, you can buy crypto at the absolute bottom next year, and cash out big at the next top ;). could totally be wrong here, but it's just a vibe i get from these markets, an intuitive feeling which i can't explain in words. only time will tell where this thing goes, so let's take it day by day, and work with what we have in front of us for the time being. 💸
by Eloquent
18