Btc!
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
BTC - Top Down Analysis 📹 From Daily To M30Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
BRIEFING Week #34 : Volatility has showed up ! Next ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
Elon's Bitcoin Crash, Spy Bounce Coming, Crypto Longs, and More!Traders,
What an unexpected set of events in the crypto world! At least from my perspective. We are going to discuss what just happened with the Bitcoin crash, where we now stand from a price perspective, and what needs to happen for us to recover again.
We'll also be discussing the usuals. I think I have found a target bottom for the SPY? If I am right and the market bounces a bit, this should also help out crypto.
Timestamps are provided below:
00:00 - Intro
06:45 - Dollar
09:45 - VIX
10:15 - SPY
13:45 - KRE (Regional Banks)
14:39 - Bitcoin
20:00 - All of my recent trades including: stop outs, re-entry prices, what my targets will be, what my new stop outs will be, and why I am still long all trades.
Unfortunately, Tradingview limits the time of these videos to 20 minutes. Apologies to my TV friends.
Best,
Stew
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉
One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective.
Here's a comprehensive Guide to Elliot Wave Theory, done on ETH :
To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle .
Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here:
In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin has reached a crucial support level after a decline in bullish momentum. The price has become significantly overextended, leading to the question of whether we can expect more downward movement or a substantial retracement. In the video, we delve into the trend, price action, market structure, imbalances, and other essential aspects of technical analysis. As always, the video provides a detailed explanation of everything discussed, and it's important to note that this content should not be interpreted as financial advice.
Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
Bitcoin: Can buyers continue the fightback?Today's focus: Bitcoin
Pattern – Continuation
Support – 27,500, 28,700
Resistance – 29,450, 30,170
• Shib launched their highly anticipated Shibarium.
• Coinbase received approval from the NFA to allow US retail clients to trade crypto futures.
• Bitcoin briefly broke below 28K on some exchanges on Thursday
Hi, and thanks for checking out today’s analysis. Today, our focus is on Bitcoin. We’ve seen a rather exciting day so far with news hitting the market that looks to have created a bit of long-needed volatility. After a fast decline that continued the last two days, Bitcoin continues to fight back from session lows.
Will we see buyers come back into the market? Do you agree that the current retracement looks a lot like the last? Could this be a sign that a new leg higher could be building? A lot will come down to if price respects the main uptrend and if it can find support before making any new deeper declines.
Have a great day and good trading.
BTC - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while
This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline.
If the trend stays green then the move out of this can be up with strength
A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly.
When moves fail they can fail fast
Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend.
There are other strategies
We try build tools that suit for different strategies in different situations check out the links provided
See you soon
GeorgeOnTV
Here's my line. When pullback bottom is confirmed, re-enter.Traders,
It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action.
In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video.
Best,
Stew
BTC ❗ SHORTING Here gets you REKTHi Traders, Investors and Speculators of Charts📈📉
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin.
Check out these coins instead of trying to trade Bitcoin whilst it is in range trading:
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSD
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
What does Paypal USD mean for Eth ? Will we have a McDollar ??Paypal launches PYUSD
This does not mean it will get adoption just because Paypal wants it to. There may be regulatory hurdles incoming just as we saw with Libra and Diem for FB // Meta. This is now a clear trend though where larger traditional companies are seeing the immense upside in their own stablecoin products. I dont think this trend is going to die out.
Where does it go ?
I think this is leading to a McDollar. Just as Big Mac index is a good rule of thumb for judging currencies.. a McDollar is a good option for currency itself. Goods or services in demand can be digitalised into currency on the back of the traditional product. This is great for provider and customer both. Prosperity is about speed. From the wheel to the sail to the car to the internet. Moving things (people//stuff) faster is compounding the human ability to create more together. Prosperity.
Can Eth handle it ?
I believe so. There are many "eth killers" now and there'll likely be more popping up esp by more traditional outfits. At this stage though what Ethereum has done to compete well against crypto competitors is add layers with utility related to their core layer flaws. Rollup technology allows Eth to outsource the heavy lifting of smaller transactions. Rather than individual $3 nfts clogging the network one by one we are likely to see places like Paypal use rollup technology to bundle microtransactions and send them thru the network that way. This will reduce costs involved and increase time to settle for everyone.
BRIEFING Week #32 : Crypto Squeeze in PreparationHere'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.
Kindly,
Phil