Btcup
BTC LongThat's how I see the picture. Great time for renewing ATH's :)
Road is open. Crucial moment is to pass the local resistance level and keep it above 56k. Otherwise a retest of 54k is going to happen more likely.
Good time for alts coming as well. Taking a closer look to ONT, ALGO, TRX and coins with the similar graphs.
Trade smart and don't forget to fix the profits! :)
BTC is going up!We have a very strong resistance that has formed around the 48k Region - there is demand for BTC at 44-50k. We are still in a bullish trend, pullbacks are normal and healthy.
What do you think?
BTC Fractal with Summer 2017Similar wedge setup to summer 2017 - this was one of the biggest shakeouts before BTC went truly parabolic.
A highly visible wedge like this will often not yield great investment returns as everyone is watching it.
A break of the lower end of the wedge would bring long term "end cycle" rhetoric and convince many away, although long term BTC should continue its new highs.
Using 2017 as a guide, 27-29k would be the ideal add zone. Look for bearish crypto articles and general rhetoric for bottom confirmation.
Bearish triangle? Fall - no,I don't think so (Maybe I'm wrong)Hello dear friends.
First, I want to congratulate everyone on the upcoming New Year and wish you:
- Healthy body
- Healthy career
- Healthy thinking
- Healthy relationships
- Healthy bank account
Now about trade.
My previous trading idea didn't work. It could have been closed at breakeven, because everything indicated this - but a mistake brings a loss.
Therefore.
Analyzing the trading chart, we get an image of a bearish triangle. (Falling price)
(in which, after a losing trade, we managed to take 450 points / $)
you can see this in the comments below the previous trading idea.
-We also have the last red candlestick, which closed on a large volume, with a false breakout.
-We have resistance levels from which the price immediately returned to the level of 27000-27500.
And the psychological level is the same 27,000.
-By market maker level - in the range of 27200-28000 bigest sales (short positions)
-Bitcoin Price CME Margin Requirements (Margin) More than 2000 pips.
-We have a non-traded area (Yellow rectangle)
-Volume falls
-Growth without correction by 30-40%
and many other things that traders are talking about now.
will not talk about this, since I do not like "guessing on the coffee grounds"
- I will say briefly, for myself, I see only purchases. (this is my decision) (White arrow)
From what values, I think from the schedule you yourself understand everything.
For those who do not know what to do and what position to open - you have 2 strong levels (black rectangles) The price going beyond these boundaries will show you the way to which goals the bitcoin price will lead. Do not invent anything.
Only volume, only trading, under or above these levels for 2 hours of TF with price creaking, 99.9% will show you where the price will lead.
For myself, I see the "correct interpretation of the ascending triangle", "double bottom" and "trader sentiment" for the fall.
(Algorithms don't give a damn)
BTC (Y20.P5.E5).Macro. Maintaining the trend.BUTHi All,
If you were fortunate like me to recognise the signs on a big move, your flight to BTC or USD or combined would have paid off.
This time, I made the move, ditched most of my ALTs for High gains in BTC and after coming back from the gym, I was glad I made that move.
I did a post just before this one about the situation and my moves... I understand it takes trust and confidence to go with my suggestions, hopefully you will recognise my strategy and implement it yourself. Getting the BTC dominance right is a huge deal, it worked for me many times.
Moving on, here on the 8hrly, BTC is maintaining the trend and a nice bullish candle in the making.
Indicators are also showing a potential up move.
What is needed is the 8 hrly candle to close. We have a few hours to go so anything can happen.
I have posted the BTC or FTX BULLUSD token as I did buy some on that wick down and now i'm ahead.
I have my stop limits and if it ends up with a bullish candle, eg. no wick on the top side, I will buy with what little money I have (from ridding some of the ALts).
So in CONCLUSION:
======================================
We need the bullish candle close;
We need to see BTC dominance hold this level;
and we need to see the ALTs slightly drop more as it can be people flipping to BTC.
THE BEARISH NEWS:
======================================
We have onchain vs spot volume ratio indicating that we are weak\low and historically when this happened soon, price dropped significantly.
My thoughts, we might get another leg up in the 19400 to 19650 or so range and then it dumps.
This can be explained and likely as it approaches 20K, the psychological barrier.
So the onchain vs spot volume chart confirms or backs the thesis.
What do you think of this TA?
Please give me a like or tick for this post.
Thanks,
S.SAri
WHERE WILL EUPHORIA TAKE BITCOIN TO?🌼 Well well well, while we all have been busy with the election polls😂 looks like bitcoin been stylishly taking us some unaware photos📸.
📈 New highs of $15,000 have been made and this brings back to the wall street market cycle.
⌛️ Only this time the question is:
💭 WHERE ARE WE RIGHT NOW⁉️
💭As it turns out when we compare the market cycle to our present day chart, we find out we have passed the:
😱The Panic Phase
😡The Anger Phase
🤮The Capitulation Era
😔The Depression Era
😅 And now we find the market between the era of restored hope and high optimism only this time we on a larger scale and at a higher stands.
📆 2020 doesnt look so different from 2017 but this time its only a pity that before the mass FOMO will begin bitcoin might already have surpassed its previous ATH of $20,000/BTC
🌙 And if 2020 remains anything like 2017 then we may likely see $30,000/BTC between Dec 2020 - Feb 2021.
The moon perhaps might only be our starting point.
BTCUPUSDT ANALYSISHello with the hottest reports
Well it is about the BTC and BTCUP
We got the SuperBuy ,Moon and green EngineeringRobo cloud signals on BTCUP
and also it is almost hit the down trend line .Even if only temporarily it might have a big hope for BTC again
I must remain that we got buy1 signal on BTC 3 days ago too
Howewer, Buy this coin when totally above the down trend line
If you hold this coin do not hurry to sell it just wait for EngineeringRobo' s sell signal carefully
Have a good trade If you want to use EngineeringRobo please dm me.
Bitcoin move over, next chapter....Here is what i think a 555 days cycle with bitcoin from low to high and back at usual price, as choppiness index and rsi drops to oversold as never in last 2 years in 1D timeframe
BTC Bounce Back to $12k (History Repeats Itself)As you can see on this 4H chart, BTC is doing what it did in the past. A recovery attempt, followed by a fail and then a proper recovery back to the top of the channel. This is a good time to enter buy positions. I expect next week to be green. I don't know when and if we will get out of this bearish channel anytime soon but for right now, the odds of it heading back up to $12k are a lot better than it falling down to $5k like a rock unlike some 'emotional traders' would have you believe. Good luck! :)
BTC Going Straight to $11kBTC is headed straight to $11k to say the least. We don't know if it is out of the long term bear market yet but things are looking good for now so we're riding this bad boy to $11k. More updates from there. As for now, we're all in on this trade because there is no serious resistance and the volume is starting to build up. Alright, trade safe guys.
