Btcshorts
BTC Dropping to 45K and possibly further!!! Short Term analysisBTC gave us a fakeout above 60k and has since failed to find support at the 54-56k range sending us down to the 48-51k levels. It looks to me that this pattern of a rounding top may fractalize and continue a 3rd time sending us to 44-46k before any type of bullish correction in price.
THIS IS NO FINANCIAL ADVICE IT IS STRICTLY MY OWN PERSONAL TECHNICAL ANALYSIS THEREFORE IT IS MY OPINON.
Red Light, Green Light Turn Around "Dynamite"Great! So My thought at the start was this "orange dotted line" not the one in the middle of the screen but the one I am pointing at. My target was this alarm I set. Alarm never triggered but every morning I hit the snooze button anyway LOL So I took profit just a little after seeing it never hit. So closed in some good "Profit!" So here is where we are now. Up before an alarm when all you wanted to do was sleep in but now we are stuck playing childish games like red light green light LOL.
Nice thing is we can play this little game on the right shoulder of a big move no? This is where the "dynamite" plays into our game. It will be cool to see where we move from here. I am cool either way I will try to think opposite of my "This is going down mood.. " (IF POSSIBLE) LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
BTC: Idea Still ValidGood day to all profit makers!
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- Previous idea still valid
- General consensus: still bullish in the long term
- Short term might treat us for a rollercoaster ride
- There are many traders looking for shorts, but buying power is also strong.
- F2Pool is being naugty
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor! and this is not financial advice
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
Bitcoin: An Analysis Of These Crazy TimesGood day to all money makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- More downward movement expected.
- Zoom into the chart to get a better idea.
- Consult the chart for more information
- This is just my current idea.
- I am not a financial advisor!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
Will BTC.D take BTC to 70k?Looking at the Bitcoin dominance chart we can see that the possibility of renewing its bullish levels as it did today by setting a new historic top at 50.680k (some targets 52k, 55k, 60k, 65k the most optimistic where it is very likely arrive and even pass). However, I want to draw your attention to the fact that we have had a small rally in the Altcoins since January with a break since last Friday.
The fact that the Altcoins have made good gains (I could not enjoy more because I was infected Covid-19 with my wife and had a family loss due to the same disease, therefore the psychological one for trades and analyzes. Health in 1st place. Things are very complicated here in Brazil due to the pandemic. Take care and take care of yours, wherever you are!) was that BTC's dominance came to correct in that time interval, however note that BTC remained above 40k, so its Falling dominance does not mean that it will necessarily go into correction, but that the chances of a bullish Alts rally are certain, and for me that I only returned to trades at the end of January it was very profitable!
What I see now is that the corrective wave is coming to an end and could bring the price of BTC to 60, 70K, so we can do a test on the Ichimoku cloud and correct it again, but until you get there, enjoy it!
Meanwhile, the likelihood of Alts having losses is great and we see a corrective wave that may have started over the weekend and then resume their upward momentum (this is the time I only watch and take the opportunity to study and dedicate myself to other projects) .
Good luck to everyone and take care!
Bitcoin's what if?Ladies and Gentlemen Welcome to another edition of FrancoBlanco's Dreams. In this late edition, I am having a nightmare and I will call this nightmare Bitcoins humble beginnings with 2 circles you guys please be the judge. I will close my eyes and let the nightmare continue its tunes guys. Please DYOR these are by no means investment advice.
BTCUSD What do you guys think? Crash Imminent?On the 1 day chart we can see bitcoin flew off the Fib , Made a Cup and Handle, and to me is looking like a reversal/crash to 16,500 is imminent (here within a few weeks/18 days give or take). However the oscillator shows it could just be getting started even if it does crash. What do you guys think? Is bitcoin headed for new highs or is this crash to 16,500 or lower imminent? Thanks!
Reputation pointI am new to trading view and i would like to gain reputation point to be able to chat with this wonderful community and also share my ideals with you all. please If you know how to gain reputation points kindly share with me
Thanks in advance and i look forward to chatting with you all in the future
BTC 4h Breakout UpdateTurns Out The 4h Breakout was a Breakdown and Indicators are showing a Bearish Signs
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4h Updates is Here Below
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
❌MACD: Bearish
✅PSAR: Bullish
Support And Resistance
S: $13,391.960
R: $13,852.020
R: $13,940.000
Volatility is average
🐻RSI: bearish divergence
⚪️MFI:No divergence
🐻FVE: Bearish divergence
🐂Volume: Bullish Volume Trend
--------------------------------------
1D Update Here Below
⚪️MOM: No Momentum
✅SMA: Price is Above SMA Bullish
✅ADI: +DI >DI BULLISH
✅MACD: Bullish
❌PSAR: Bearish
Support And Resistance
S: $11,319.320
S: $11,751.470
S: $12,780.960
R: $13,394.850
R: $13,791.000
Volatility is very high
⚪️RSI:No divergences
⚪️MFI:No divergence
⚪️FVE: No divergence
🐻Volume: Bearish Volume Trend
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BTC Weekly Outlook (FA&TA)First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
Key Fundamentals:
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. Institutional investors showed picked up interest in the crypto space as Grayscale raised $900M in Q2 (its ATH quarter since inception). The $900M won’t be available for exiting until at least October 1st this year.
2. Miner action:
Both hash rate and difficulty have recovered, and miner capitulation has ended. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Market Sentiment:
Overall market sentiment is now neutral. For the seller group sentiment, this group remains in a bull trend. The decrease in seller group supply alert was present throughout the past week (meaning price is getting close to this group’s purchase price, leading to a decrease in willingness to sell, leading to a decrease in supply, which increases price when the demand maintains a similar or higher level). In short, long-term speaking, 11k – 11.5k is the dip.
4. Margin Market Actions:
Potential short squeeze alert in place on 8/26. This is a short-term bullish sign. The CME institutional traders’ significant increase in long positions last week is crucial. After 3 months of indecisiveness (since 10k), it seems like institutional traders have finally made up their minds that we are in a bull trend and have further upward potential. With such strong reactions to 11k - 11.3k, the chance of 12k being broken is extremely high in the coming month or so.
5. Global Market Impact:
To ease the COVID impacts, the Fed is using all means to boost the economy, which means a continued rise in inflation. This will fundamentally push up the value of gold, bringing up bitcoin along the way as the main value proposition of bitcoin remains store of value rather than remittance.
For the SPX correlation, as mentioned many times before. I think major SPX correction will bring down crypto, while smaller ones won’t. So will we have a major SPX correction soon? Personally, I think the answer is no. Q2 numbers didn’t cause much of a market impact. What this means is the current price level already has the negative COVID impact priced in. The market runs on expectations rather than actuals.
6. CME Gap
90% of historical BTC CME gaps get filled sooner or later (generally created by weekend BTC movements when the CME’s closed). Yes, we still have a $300 gap open on 7/25. However, after such a long time, the gap filling (big if here) will be more of a result of general market movements rather than the cause. The current gap is a $200 gap from 11.5k. Since these gaps tend to be filled, it's better to take profit for long scalping positions now and reenter around 11.5k. For swings, the 2% may not be worth playing given fees and the chance of missing out the larger move. I can't emphasize this enough - we are in a bull run -> adjust risk management accordingly!
Key Technicals:
1. Major resistance at 12k. Support at 11k.
2. Elliot wave: likely in wave 2 of 3. However, corrective waves are complex, and several counts are all possible at this point. I’ll share the detailed count once the picture gets clearer. Check out the blue box in the chart.
3. RSI neutral:
Failing the RSI MAs but already found support around RSI 47 - historical bull market support for BTC Daily time frame.
4. MACD neutral:
Likely up-cross on the positive side soon.
Do you agree or disagree? All thoughts and critics are welcomed!
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