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ETH & BTC - OMG WHAT IS HAPPENING?! (CROSS ANALYSIS)Don't panic, this was expected. It's not the end of crypto, it's just a healthy correction that we need once and a while to justify a rally in the future. Price cannot always go up even though we wish it was that easy. What is on the charts? (3 steps) 1) The consolidation that had us wonder what was going to happen. (Again we forget that there is also option trading amongst other things with Bitcoin and time plays a big role. In fact, time is so important that if you can control when price will drop just by being a big player, you can put everyone out of the money right at contract expiry. One of the many ways whales will f*** you. How do I know? I don't. But if I had the ability to move markets I'd do just that.) 2) Bearish structure that could have been a short entry but obviously I prefer a double confirmation. Double confirmations just put probabilities on our side. When money is on the table, you either gamble or play the probabilities game. That's what we're doing here: trading not gambling. 3) Sellside liquidity taken out. This is our signal. If not now then when? Again this isn't me telling you to short. Who am I? No one, do your own research. So what now? We want a retracement in the reload zone and the 0.702 + FVG is THE place to be. If it goes higher then I'd cancel the idea for now. Again the DAILY ANALYSIS supports the short and that's what matters. As always, happy trading and stop gambling you ape. ;)
BINANCE:BTCUSDShort
by Lexi_Is_Trading
BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the rejection from the 48K resistance zone extended, with the price breaking below the lower boundary of the ascending flag, indicating the presence of sellers. However, after a strong breakout, a retracement towards the flag’s lower boundary is underway, potentially completing a pullback. If it happens, the retrace could pave the way for the continuation of Bitcoin’s downward movement in the short term, targeting the static support range of 39K. Bitcoin’s mid-term prospects suggest consolidation within the critical price range bounded by the substantial resistance zone at 48K and the decisive support at 39K. Nonetheless, a successful breakout from this zone will shed light on the cryptocurrency’s next impulsive trend. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
What happens when Crypto Chessboard flips?In-depth analysis considers various factors: Despite the approaching Bitcoin halving. We consider the following: Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments. Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k. Taking into account the challenging global economic situation, particularly in the United States. Highlighting the potential impact of a Black Swan Event, investigating the consequences of a fictitious ETF post. Addressing uncertainties following CZ's departure from Binance as CEO, posing another potential Black Swan event that could push prices below the Wyckoff distribution phase boundary at 24-22k. Speculating a third logical move by corporate traders to increase market liquidity, creating a massive bull trap to attract influencers and optimists anticipating a significant Bitcoin ETF-driven price surge, leading to widespread doubt in Bitcoin and a gradual decline to the Wyckoff lower support. Related Financial News: - Bitcoin's halving event draws attention from traders, with speculation on its potential impact. - Historical price patterns show resistance before major events like ETF launches, impacting capital flow. - Global economic uncertainties, especially in the U.S., contribute to the overall market sentiment. - Increased scrutiny on potential Black Swan events, emphasizing the need for risk assessment. - Binance's CEO change introduces an element of uncertainty, potentially affecting market dynamics. - Corporate traders strategizing for liquidity boosts, creating opportunities for market manipulation. - Influencers and optimists fuel expectations of a Bitcoin ETF-driven surge, but skepticism prevails due to historical patterns and external uncertainties.
BITSTAMP:BTCUSD
by wikitrades
1
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short? How do we trade this?  🤔 To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall. I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position: Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio. 💡  Trade Idea  💡 Short Entry: $42,650 🟥 Stop Loss: $46,950 ✅ Take Profit: $38,350 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Measured Move Completed Into Key Resistance Area. 2. Strong Sell Signal Above Measured Move Resistance. 3. Strong Sell bar falling to 30EMA 4. Wait for Daily Candle to Close below 30EMA. 5. RSI at 50.00 and below Moving Average. 💰  Trading Tip  💰 There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering
1
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- 4-hour chart, it is evident that the price action has been very choppy over the last few weeks. BTC has been trading between 40K and 45K for quite a while. the price is currently breaking above the 46K resistance level. A valid breakout would pave the way for a bullish continuation toward the key 48K resistance level. The reaction to this level would likely determine the mid-term price action for BTC and the whole crypto market. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Bitcoin Headed to $10,900I have been yelling to whoever will listen and I think we have a big drop in store. Of course nobody is perfect but I have had a gut feeling about most the major turns on record and I'm getting the same now. I suck at a lot of things but I called the Feb top 2020 a day before the drop, called for a huge drop in Feb 2022, called for the December 2022 bottom, I just get these crazy feelings about major turns that just hit me in the head with a brick and I can't ignore it. The market is one giant puzzle and sometimes it just pieces itself together. Everyone is piling into BTC and saying they're going all in with their savings, people are saying they're buying boats and quitting their jobs. I have a feeling this will end very bad, I'm starting to think the cycle won't continue to go up like it always has. It's the first time I have ever felt this and I have been in since 2013, I hate it. Everyone says just HODL and you'll be fine, which has been the history and nothing suggests that's over yet but I think it's possible. Largest FED Fund transaction ever just as some major stocks hit major peaks. AMD hit resistance from 1984 & 2000 & Amazon looks like a possible major distribution. Fitch said recession in 2023 at the bottom in Oct 2022 and now they're saying no recession, very fishy, just kinda lines up with everything else for me to be a possible bubble top. Also DXY is the most shorted in history, that's a very crowded trade that can whipsaw at any moment. My Cigar guy (anecdotal lol), asked how he can short equities in Oct of 2022 and said he never bought any stocks, well just yesterday he said he tried to buy his first stock but was having problems with his broker (lucky him). We have a potential Double Top as well just as the big fed fund goes through. I don't know, maybe I'm talking crazy and I would love to see things rocket and I would buy the pullbacks but I think we could have a serious drop. I think it's better to be in cash right now personally until the dust settles and if the FEDS funds ends up being a giant cash cow buy will will break ATH's and re-test them where you can buy, it doesn't hurt to be on the sidelines at such a major intersection. First down to 17k, then up to 29k then down to 10,985ish is the current plan.
BITSTAMP:BTCUSDShort
by ghengiskahnspermshot
BTC 1D, TARGET .. OH MY GOOODD MY BTC AFTER ETF 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.
BINANCE:BTCUSDShort
by sungoku5
Sec will reject all etf bitcoin today.Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go below $1,000. This drastic decrease, however, presents a unique opportunity. For investors and traders looking to capitalize on market movements, this zone is poised to be an exceptionally lucrative buy zone. The potential for recovery and a surge to new highs is substantial, making it an ideal time for strategic investment decisions. Keep a close eye on market trends and be ready to act as this scenario unfolds. Remember, market dynamics are unpredictable, and it's crucial to approach with caution and do thorough research before making any investment decisions. Stay updated and prepared for a significant shift in the Bitcoin market landscape.
BITSTAMP:BTCUSD
by BREAK-impossible
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- BTC 4-hour chart looks like a triangle pattern has formed and it looks like BTC is breaking out of the 4-hour chart triangle pattern and making a comeback. From here, we can expect BTC to bounce around 14% to 15%. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC down to 30k?!Looking at BTC I can see a potential move to the downside targeting 38k, followed by 35200, and then 30k. The price has been bullish up until the last couple of weeks where we found the 45800 key level to play as a major resistance. This key level also happens to be within a significant OB adding to the confluence. The anchored VWAP can be added to show how the TP areas were derived. 28500 to 34k also has a large void in the price which can potentially be filled.
COINBASE:BTCUSDShort
by opes_trading_group
BTC → Bitcoin Sell-off at $45,800! Time to Short? Let's Answer.Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull trend, two massive sell-offs (8% and 11%) in under a month at the major resistance level of $46,000 and an RSI under its Moving Average. I also have my Bitcoin Lifetime Analysis which describes in far more detail, why we need a massive pullback before we see new all-time highs: We need to wait for a 4HR candle to close below its 200EMA or a Daily candle to close below its 30EMA. You could argue its reasonable to short now, but we lack confirmation, so the probability of profit is lower at this stage. I prefer more probability in my trades. 💡 Trade Idea 💡 Short Entry: $42,600 🟥 Stop Loss: $46,900 ✅ Take Profit: $38,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Measured Move Complete! 2. Two Sell-offs near the $45,000 area 3. Three Legs Up in a Bull Channel 4. RSI at 52.00 and below Moving Average, Bias to Short. 5. Wait for Final Sell signal, Short 1:1 Risk/Reward. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance, to the top of the breakout, will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering
BTC/USDT retreace from here? (again bear market)Well last time we are seeing perfect example of bull market on BTC / USDT but this time is different from one time when price reach almost 70k , we dont have any bullish momentum, The price just jumps from consolidations up , wchich could mean we have a lot of attention of small fishes on market, in that case whales will shake out BTC of their hands ones again, because with that sort of momentum wchich we are seeing we wont go to new ATH.
Short
by pangreen12
Bitcoin's up-trend - Rates to monitor! 03.02.2023Big "falling wedge" consolidation pattern for aprox a year Nov 2021 - October 2022 upside BREAKOUT and RETEST confirmation. Since breakout, consistent higher highs indicating up-trend. 25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900. A weekly candle break below 22,800 may lead down to re-test 20,700-21,000. For now, Bitcoin is stable in the up-trend and not overbought. -------------------------------------------------------------------------------------------------------------------------------------------------- I encourage you to do your own research and trade with caution. Would very much appreciate your comments and questions! Thank you! --------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
3
BTC selloff to 38k-35.5k for Q1 JANUARY 2024With the Top for 2023 confirmed we can begin to dump. $44.7k is TOP for CRYPTOCAP:BTC 2023. We opened 2023 at 16K levels so we are bound for a retrace in Q1 2024. (34K is 61.8 level on fib retracement for 2023) BlackRocks Bitcoin ETF will seek approval by January 10, 2024. With BR injecting their footprint into bitcoin i anticipate a drop to retest sub 40k region to 38.6k being TOP of box and 37.5k being BOTTOM of box. It could continue down to 35.8k as alot of supply lies at this area. Today provided the first drop in the sequence. Once we break 40K it should nose dive. Entry at 41.8K SL: 43K flat 1:3 Risk:Reward ratio **The large move is to 29k levels but it will not be fluid** This is my personal thesis and not financial advice.
GEMINI:BTCUSDShort
by chestephens1