A HUGE CORRECTION IN BTC ?There might be a huge correction in BTC
- 1/4 Hours Analysis based on Supply Demand & Wyckoff, Price Imbalance, Structure
- 1 Hour Distribution Wyckoff Formed
- UTAD had played out
- Wait for LPSY to form ( retest and confrmation)
- Short at LPSY (scale down to 1-5 mins timeframes for better risk rewards entry)
- Take Profit at 1/4 Hours Demand (could partial or conservatively, take all, there are many imbalance and supply demand have not mitigate, signs show price moving too quick)
- Whale might want to dip in lower price
-BTC consilidate in a long period and pump up quickly lately, sign shows Whale manipulation is high, and they might want to push price lower and dip in future
Btcusd4h
BTC Inverse Head and ShouldersBTC has completet an inverse head and shoulders pattern on the 4h chart. The technical breakout target is 52.2K, my target is 51373, since 51500 is a pretty big resistance level. But if that breaks, there is a massive volume gap between 51500 and 57000, which means BTC could have a major short squeeze!
Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
47232
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
- 44726
-41527
-38267
-34283
_______________
If he exceeds 53075, his buying goals are:
-56839
-59522
_______________
My personal opinion:
He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
BTC/USD Multi-Timeframe analysis (03/03/2021)Hi Traders
BTC/USD Multi-Timeframe analysis (03/03/2021)
H1 Chart ( Strong Down )
Waiting for a retracement higher towards the 48331.90 resistance level in order to reinstate SHORT positions. Next important resistance is the 49740.95 level.
Support & Resistance
47500.56 48331.90
47208.08 49740.95
46091.51 50237.68
H4 Chart ( Weak Down )
No comment for now
Support & Resistance
44919.20 52042.20
43015.60 53949.60
40478.60 56486.60
Daily Chart ( Bullish )
A high probability, entry signal to go LONG was given at 49820.43 after the market found support at 42753.88 . Only the downward break of 42753.88 would cancel the bullish scenario.
Support & Resistance
41980.04 49558.71
28766.47 58349.00
19719.76 67395.71
Weekly Chart (Neutral)
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistance
N/A
N/A
N/A
BTCUSD Sell signal setupHeres my analysis on BTC before the new week gets started.
enjoy a free signal.
trade at your own risk.
Im late to the party
we will look for a re-entry
SELL
Symbol: BTCUSD
Entry: $9015 (Sell limit)
Best Entry: $9120 (Sell limit)
Stop Loss: $9302 (-$305 to -$200 from B.E.)
Take Profit: $8575 (+$560 to +$665 from B.E.)
BTCUSD Trendline Demark BULL BREAKS OUTBeen almost 2 weeks since I've posted a publication -- I need to get my priorities straight...the fact of the matter is that this cryptolife (the birth of #fintech) has led to one major quintessential flaw; from an enthusiast/research perspective, that is: in all the workshops, expos, meetings, mixers, conferences, etc. I've attended in major cities in every continent sans Antarctica -- I have met THOUSANDS of individuals, who throughout the past 6 years since I begun fervently researching "fin" (given that I was already a developer) I knew from the beginning that this was not going to be some easy venture that can be taught in a simple curriculum.
Even the biggest names/influencers in the cryptospace have this same fatal flaw: the WallSt banksters, shills, or typical MBA financiers & institutional investors DON'T KNOW A GODDAMN THING ABOUT TECH just as well -- THE PALO ALTO SILICON VALLEY PROGRAMMERS DON'T KNOW A GODDAMN THING ABOUT FINANCE and to be frank, nothing in this cryptogame has frustrated me more than this one, simple dilemma (you would think it'd be obvious) yet it isn't...
This is why you have "leaders" of the community like APompliano who *(to his credit)* knows a great deal about finance, has a vast network of wall st. & international conglomerates & individuals interested in adoption; yet *(and i'm not hating -- just telling it like it is)* the simple fact remains: he is unqualified to discuss crypto adoption without a firm understanding on data compression, cloud computing, kubernetes, docker, API, python, etc. The same goes for the developers...someone like Justin Sun is never going to convince an OG investor *and founder of Berkshire Hathaway* like Warren Buffet; who doesn't even have a smartphone FFS, to invest in cryptocurrencies because Buffet is a master at "stacking sats" (ironically, since he's not stacking any) yet without an in depth understanding of the innovative tech behind blockchain, both sides (devs & traders) will stubbornly continue to stand firm in their positions as they use their decades of experience/fancy degrees & inflated (pun intended) ego to foolishly decide for themselves, "I know what's best, I won't listen to the other guy" and just as well the other guy foolishly & naively dictates "All I have to do is convince X,Y,Z," -- I knew early on circa 2015 that I would have to learn both aspects of "fintech" and that meant educating myself in software development, API, python, cryptography, then studying charts/numbers/indicators until my eyes would bleed.
So the pent up frustration I have and am venting right now is nothing other than the idiocy I've seen in the community from our so-called "influencers" who unfortunately are ALL unqualified to speak on this matter. I'm not saying I'm qualified & they aren't, what I am saying is that I understand the scope & level of information needed in order for one to definitively BE QUALIFIED. That includes having a postgrad (or equivalent) level degree of consumer based socioeconomics, behavorial science, psychology, sociology, finance, tech, cryptography; as I've said in the past *many times* -- cryptocurrencies are a 3-headed hydra: tech/finance/cryptography.
That means in order to truly be a MASTER of Fintech, you need to be able to broker/invest/swing-trade like Buffet while being able to write code like Vitalik. You have a better chance of getting struck by lightning 3X in one minute than you do of finding a leprechaun with that kind of information -- and even if you manage to find that leprechaun: odds are he's already developing or working for a multi-billion dollar industry in the private sector OR working for the government in the public sector. By no means am I that leprechaun, but I am damn sure closer to owning that pot of gold than ANYONE ELSE I've ever met / known in this game ( WITH THE EXCEPTION OF A SELECT FEW BOSSES FROM IBM/MICROSOFT/AMAZON) anyway -- now that I've gotten that out of my system, before I go off track, I want to clarify just what it is I'm bitching about & what is pissing me off:
I am working 20 hours a day pivoting from tech to finance; having spent (arguably) 5000+ hours in the past 6 years educating myself, it's been inexplicably frustrating getting job offers as a code monkey OR as a financial analyst.
Let me put your mind at ease *(to the idiots who keep asking me if I want their python entry level job on LinkedIn)* IN NO WAY/SHAPE/FORM will I concede to a career that has anything less than what I'm qualified to do. Don't take my word for it. My track record speaks for itself -- I've got loads of information going back to 2016 (though I began my research on blockchain circa 2014, I did what ALL new adopters should do & SHUT MY MOUTH & LISTENED TO THE PROS until I felt I was ready enough to post my own opeds/signals. It's IRRESPONSIBLE, SELFISH, and DISGUSTING to see new cryptokitties posting charts & drawing lines, confusing & FUDDING / FOMOing prospective interest from institutional investors & EVEN MORE DAMAGING, DETERRING REGULATORS & WALLST GOP DONORS BY PROVING THEIR POINT; THAT THIS IS TOO VOLATILE & UNSUSTAINABLE. That's on YOU idiots. Not me.
I've done my part in ways that I LITERALLY cannot describe or face ramifications...but I digress; I'll leave it at that. Rant = over.
Now to the publication above: for those who are not familiar; a Demark Trendline is a rare indicator used to identify potential bullish priceaction; if you recall from last week's publication *(which you should still see on the chart above)* the triple bottom W I spotted led to an immediate price surge, followed by a dump -- just as anticipated. The publication was for a LONG buy & it was right & still is to this moment.
file:///C:/Users/John/Desktop/Demark%20Breakout.jpg
Take a close look at the charting I've presented & screenshot the image; juxtaposed with Demark Trendline breakout pattern img in the link above.
Look familiar? I'm leaving this publication NEUTRAL -- with green horizontals for short - mid - LONG posted for TP1-3.
As always, red horizontal represents the STOP aka the MOST IMPORTANT number you should set when placing a limit order.
For those curious as to what my position will be: I am in it for the LONG ; the charts are identical & if we see a full consolidation a la Demark Breakout indicator, that would mean we are headed to this definitive figure before another round of stagnation: $9580 with next major resistance being the 10.6K level; a key, pivotal support threshold in which I was (and still am) confident that we'll reach before year's end *check my Twitter to see the NOV 12TH timestamp in which I provided this figure/TA* yet I'm not celebrating just yet -- just because everything I said & projected to happen thus far in Q4 has happened, doesn't mean it will continue.
Anyone whose been in this game for a while knows that the direction the wind blows is contradictory to priceaction & not a reliable metric for taking positions strictly due to the high risk, high reward EXTREMELY volatile nature of this market. Hence the reason why I repeat *like a broken record* the importance of stop-losses.
With that being said, have a wonderful weekend. Will aim to post atleast 1 publication & 1 oped a day from now on -- I hope you all take note of my constructive criticism, because ultimately it's the influencers that will dictate the media's perspective on $BTC / $Crypto & unfortunately...people like myself don't have that blue check or thousands of followers to spread important messages of foreboding & educational key talking points needed to get through to WallSt/D.C. though I am fortunate to be able to do what I'm doing in terms of influence (behind the scenes) & I'll leave it at that -- I can't say any more.
Peace & Love. Enjoy your weekend.
Life is short; don't stress about the day-to-day and keep your eyes focused on the bigger picture.
Faith. Family. Money.
C'est La Vie. TGIF
-@a1mtarabichi
DISCLAIMER
Not financial advise.
Bitcoin,how to trade right now.After a 30% pullback from the top,bitcoin will consolidate in here for a while.
Short entry or SL in case you're long is 9630$.
Long or buy zone is 11250$.
BTC might still struggle in here and go lower to 9150~9200$. That's why we have stops.
I expect bitcoin to stay in between those lines i have drawn for a while and play there while altcoins will have a nice pumping period.
Have big gains and a nice day :)
BTCUSD approaching resistance, look out for potential reversal!BTCUSD is approaching its resistance at 11608.4 where it is could reverse down to its support at 7534.0.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Bitcoin Latest Technical AnalysisWe are doing Analysis of BTCUSDT on 3 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
BTCUSD OFFICIAL END OF THE BEAR MARKET ))))In this article we will discuss the Golden Cross and the Death Cross. These colorful terms refer to graphic models that most traders use in their trading every day, but may not mean these names. Along with many of their counterparts, they include a whole section of technical analysis . Most often, these graphical models are referred to as the intersection of moving averages.
Moving averages are vital market data, but all of them have one common limitation - they lag behind current events. By that time, when the 20 - period Moving Average is bent up, confirming the trend, the movement is already continuing with might and main and can even be completed. Although faster options (like exponential Moving Averages) speed up the signaling, all the same, all of them send trading signals too late.
The use of several moving averages allows us to overcome many of the shortcomings of a single instance. They are especially effective when used in conjunction with graphic pricing models. For example, take the long-term and short-term moving average.
Then watch the price movement when the moving averages turn to each other and cross. In this case, a good trading signal can be obtained, especially when it coincides with a key support or resistance level .
Moving averages exhibit all the usual characteristics of support and resistance . For example, one Moving Average will often bounce off another when it is first tested, rather than breaking through immediately. Then, like price bars, the odds shift toward breaking and crossing the moving averages with the next test. On the contrary, when one Moving Average cannot break through the other Moving Average after several attempts, it gives a strong signal about the possibility of a trend reversal.
Different periods of trading require different periods for moving averages. Trading on fluctuations, with a period of one to three days, works well with the use of moving averages, the ratio between the periods of which corresponds to 3- or 4-fold difference. This allows convergence / divergence between different trends to work in the interests of the trader.
For example, the daily chart may show a strong uptrend, while the 60-minute chart starts a deep correction. The 40-day moving average will continue to point in the direction of the trend over time, but the 13-day moving average (3x13 = 39) will quickly turn down and indicate the direction of possible movement for a longer moving average. The point where they intersect is the main level of support.
Intersections mark important changes in momentum and support / resistance levels regardless of the time period. Many traders, accordingly, can only stick to moving averages and know most of what they need to know. The most popular parametrims for Moving Averages are: 20-day for short-term trends, 50-day for medium-term and 200-day for the big picture.
Bitcoin Latest Technical AnalysisWe are doing Analysis of BTCUSDT on 12 Hours Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
BTCUSD 1:00 pm NYT 11.3.2019 Still Long possible trend change Hello friends to all watching my charts.
At today we have to be carefull check the lower long trendline
here in BTCUSD.
At the moment its still a long setup BUT if next 4 HR bar
have a close lower than 3820 aerea the long setup is gone in my view.
Its possible to argument that maybe
there we will get here a new long trendline below the
red line (i maked them in red for easy check now)
but we have to remember that in that case this is the second long trendline which has been broken and thats overall a negative case.
Proably we will see a siedeways neutral coming out or maybe
direct a drive to the short aerea.
But that to forecast is too early.
So watch carefully 3811/3820 aerea and dont foreget your stopp loss.
--
My ideas are allways no advise to buy or sell the anything
its allways neccesary that you do your own research
--
BTCUSD - WHAT IS NOW EXPECTEDPersonally, i am in favour of LONG on BTCUSD. so i am expecting more upside
1. Wait for it to break this line before shorting
this bad boy (see chart)
2. Breaking this top will give good Momentum
for buy. TP1 will be around $4400 and TP2
will be around $5100 (see chart)
See previous analysis
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