BRIEFING Week #9 : Wyckoff ranging ahead for Bitcoin ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Btc!
BTC - Try This INDICATOR for DEMAND ZONES📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's lips... When will we see a pullback?
Pullbacks are a normal and healthy part of any bullish cycle. With the price increasing constantly this entire week, a pullback seems immanent. In today's analysis I'm sharing a quick tip with you on how you can use an indicator to gauge the next major demand zone/support zone without setting up trendlines. This indicator is also helpful in spotting a local top/bottom.
Here's another helpful indicator to watch. This one identifies major trends, and gives real time "buy" and "sell" signals which you can setup as alerts on charts:
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COINBASE:BTCUSD
BTC Math//@version=4
strategy("Pie Topd", overlay=true)
//when viewed on the daily chart, this has accurately predicted btc tops only. seriously, it comes pretty close. it does so by calculating when the sma350x2 green crosses down the sma111 red. idk how. it just does. that's the power of mathematics. and remember this: it works until it doesn't. 2.29.2024
//variables below
sma1=sma(close, 111)
sma2=sma(close, 350)*2
// //(111x350*2) sma Strategy//
plot(sma1,"sma111",color.red, linewidth=3, transp=0)
plot(sma2,"sma350x2",color.green, linewidth=3, transp=0)
if crossunder(sma2,sma1)
label.new(bar_index, high, "Price:"+tostring(high) + " Vol:"+ tostring(volume), style=label.style_labeldown, color=color.red)
BITCOIN, Massive Bullish Breakout, Wave-Extension Objection!Hello There!
Welcome to my new analysis of Bitcoin in the middle to larger timeframe perspective. Within recent times Bitcoin developed a determined bullishness from where on it continued to form several new highs and establish a solid uptrend also supported by events such as the BTC ETFs (Exchange-Traded-Funds) that were confirmed for acceptance. Now Bitcoin also completed a major pattern which is a huge bull flag formation, Bitcoin completed such patterns several times within history and now the wave C expansion is ready to move into new all time high spheres.
With the current bullish dynamic holding on and more and more volume moving into the market as well as with the bullish sentiment building a strong technical support bitcoin is on the way to reach the full potential wave C target zones. Once the bitcoin price action bounced into the new all time high this will be an appropriate price move when the BTC ETFs trading volume also supports the price action and confirms the ability to lead to further bullish volume determination increases within the next times.
Thank you everybody for watching my idea about BITCOIN! Support is greatly appreciated.
VP
Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either📉Hi Traders, Investors and Speculators of Charts📈
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
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BINANCE:BTCUSDT
BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital.
Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
BRIEFING Week #8 : Breadth is Horrible, Be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows.
It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment.
Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
BTC - Critical Zone - Detailed Video Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 Here is a detailed update top-down analysis for #BTC.
📈 If the 53,000 level is broken upward, expect a continuation till the 58,000.
📉 In parallel, if the 50,500 is broken downward, expect the bearish correction to start leading to a movement till the 48,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - we have Short trade from $52810. Follow a plan!!BTC - we have a Short trade from $52810. We follow a plan until it hit TP or SL or breaks
Our SL is at $52 600 which means risk free
As I mentioned in many of my previous analysis
BTC pumped a lot and it needs Long-range or some pullback
Also there still a big chance for additional SL hunt - in that case i`ll consider a new trade
Watch full update
STX strategy against BTC (Y24.P1.Video1). Some surprisesHi Traders,
It came to my attention that maybe I should trade STACKS #STX with BTC in mind every time.
Along the way, I found another reason to short BTC at 54.500 k range and hence STX might be a better choice.
Here are the reasons.
Please give me a like and share.
Cheers.
S.SAri
BTC BITCOIN Technical Analysis and Trade Idea (video)This is a full video explanation of my previous post. #BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes.
The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high.
Trade Suggestion:
- Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement.
- Consider short positions upon breakdown from the current range, targeting the Fibonacci zone.
- Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively.
Disclaimer:
This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
BRIEFING Week #7 : Some more Confirmations NeededHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
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Phil
BTC - Follow THIS Path to the HALVING📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) to happen very close to or just before the BTC halving, which is set to happen in April. This is based on a previous analysis that I did where we made a conclusion based on the price action of the previous BTC halvings before, during and after.
👉 Macro Analysis
Bitcoin is due for that 30% correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). This will fall exactly on the white diagonal trendline, which is our support zone.
👉 Technical Indicator Analysis
Our technical indicator is still bullish, but showing "Overbought". In a higher timeframe, this usually means it can carry n for some time - but a pullback is imminent before another impulse upwards.
NOTE that I am BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in impulse wave 0-1.
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P
Bitcoin Crash or Major rally?Bitcoin is into mega resistance right as the dollar has broken out.
Is BTC going to get snuffed at 50K into a weekly resistance pivot?
Is the halving to strong and going to push BTC to 100k?
Dissecting the technical, it appears Bitcoin could be vulnerable in the near term.
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
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CryptoCheck
BINANCE:BTCUSDT