BTCUSDC
Bitcoin playing for the 2015, Russia entered.
Pretty interesting how this 2015 movement has held in the face of a few "crypto" banks going down + GBTC + MT Gox
If this ends up playing out along these lines I fully suspect a nation state like Russia has entered as the first large sovereign state's to adopt Bitcoin.
What are you seeing here? you're seeing Bitcoin being used as a weapon against the Dollar, and there is nothing any G countries can do to combat this besides also adopting Bitcoin.
BTC market hasn't decide yetGood day fellow traders,
I would like to share my perception of BTC intra-day.
Let's start with the outlook which in most opinions is a correction down. For me personally, the market hasn't decided yet. When looking at the recent correction on our indicators it shows both strength and weakness. Bears can't seem to get the price lower into the channel. While bulls seem to keep BTC in a small-ranged structure during the inter-correction phase. If we look at the fib-extension levels, they coincide with the BTC range of the last weeks. If you put an inverse fib extension for the correction phase, the levels will also coincide with the general structure of the last months.
The structure of BTC is still range bound, within a larger channel. So no worries for now. But if the bulls keep this up the probability of a short-term increase will rise.
The influx indicator shows no selling pressure on that side. This means people or definitely not sold yet on the bearish side as well.
i.gyazo.com
And as always nobody can see the order books. So market predictions are always probability based.
Best of luck
Current BTC 4H channelMy update for BTC currently
volume analysis by region + the most likely channel currently
use wisely,
channels are good to better understand trading ranges (bottom quarter entries with interesting confirmations tend to have good results)
the volume regions can be understood as "barriers", and are stronger when there is a sudden change between the regions
Very Good R:R BTC IdeaVery Good R:R BTC Idea
R:R, or risk-to-reward, is a critical concept in trading that refers to the potential profit (reward) in relation to the potential loss (risk) of a trade. Tradingview is a popular online platform for technical analysis and trading that provides a variety of tools and features for traders.
When it comes to trading BTC, having a good R:R idea can be an essential component of a profitable trading strategy. Here are some key steps to developing a strong R:R BTC idea on Tradingview:
Identify the key levels: Before entering a trade, it is essential to identify key levels of support and resistance on the BTC chart. These levels can provide valuable information about potential price movements and can help traders identify entry and exit points for trades.
Set stop-loss and take-profit levels: Once the key levels are identified, it is crucial to set stop-loss and take-profit levels for the trade. Stop-loss levels should be set at a point where the trade will be closed if the price moves against the trader's position, limiting the potential loss. Take-profit levels should be set at a point where the trade will be closed if the price moves in favor of the trader's position, capturing the potential profit.
Calculate the risk-to-reward ratio: After setting the stop-loss and take-profit levels, it is essential to calculate the R:R ratio. The R:R ratio is calculated by dividing the potential profit by the potential loss. For example, if the potential profit is HKEX:200 , and the potential loss is $100, the R:R ratio is 2:1 (200/100).
Assess the R:R ratio: The R:R ratio is a crucial factor to consider before entering a trade. A good R:R BTC idea should have a ratio of at least 2:1, meaning that the potential profit is twice the potential loss. A higher R:R ratio indicates a better potential trade opportunity, as the potential profit is greater than the potential loss.
Adjust the trade plan as needed: As market conditions change, it may be necessary to adjust the trade plan, including the stop-loss and take-profit levels, to maintain a good R:R BTC idea.
In conclusion, a good R:R BTC idea on Tradingview requires careful analysis and planning, including identifying key levels, setting stop-loss and take-profit levels, calculating the R:R ratio, and adjusting the trade plan as needed. By following these steps, traders can develop a profitable BTC trading strategy and increase their chances of success in the cryptocurrency market.
Sideways Movement is Here!I think we will go a little bit sideways in a very tight range because last time we spend too much time in the 27.5K - 28.5K range.
In financial markets, sideways movement refers to a period when the price of an asset remains within a relatively narrow range, moving up and down without a clear trend in either direction. Sideways movement can last for a few days to several months, and it can occur in any asset class, including stocks, bonds, and cryptocurrencies.
There are several factors that can cause sideways movement in financial markets:
Lack of new information: Markets often react to news and information, such as economic data releases, corporate earnings reports, or geopolitical events. When there is a lack of new information or no significant news that affects the asset's value, the price may remain stable, resulting in sideways movement.
Uncertainty: Uncertainty is a significant driver of sideways movement. Investors may hesitate to take action or commit capital when there is uncertainty about the future direction of an asset. This uncertainty can be due to a variety of factors, including geopolitical tensions, economic policy uncertainty, or market volatility.
Technical factors: Technical factors, such as support and resistance levels, can also contribute to sideways movement. When an asset approaches a key technical level, such as a moving average or a trendline, it may bounce off the level, causing the price to move sideways for a period.
Market consolidation: After a period of significant price movements, an asset may consolidate, moving sideways as traders and investors digest the recent developments and reassess their positions.
Lack of trading volume: Trading volume is an essential factor in financial markets. When trading volume is low, the price may move sideways as there is not enough market participation to drive significant price movements.
Sideways movement can be frustrating for traders and investors who are looking for clear trends and opportunities for profits. However, it is also a natural part of the market cycle, and it can offer opportunities for patient investors who are willing to wait for the right moment to take action.
Also Dominance chart looks so good for altcoins.
If Bitcoin's sudden movement means a rise for dominance. However, as far as I have observed, the BTC dominance graph is not suitable for this.
I have positive feelings about a short-lived altseason.
BTC SHORT! | Publishing Ideas is my new addiction
Alright folks, buckle up for a wild ride on the Bitcoin express! We're going to take a 15-minute trip through the price movements of everyone's favorite cryptocurrency.
Think of it like a roller coaster: you've got your ups and downs, twists and turns, and of course, a few stomach-churning drops. But don't worry, we'll hold your hand the whole way and help you make sense of it all.
So, what do we see on this chart? Well, it's a bit like a high-speed chase, with the price of Bitcoin zooming up and down like a race car on a track. But fear not, we have our trusty technical indicators and tools to help us navigate the twists and turns.
We'll be on the lookout for those key levels of support and resistance like a hawk hunting its prey. And when we spot a breakout or reversal, it'll be like hitting the jackpot at the casino (but without all the noise and flashing lights).
So, hang on tight and let's ride this Bitcoin coaster together. Who knows, we might even have some fun along the way!
#BTC/USDT Latest update+ Long Opportunity.#BTC:- Daily looks nasty, Claer Hard rejection.
Corn couldn't keep up with the $30k level.
4 Hour:- Shows possibility of a little more downside which will eventually be a retest.
We need some corrections for a healthy rally.
It's long overdue.
$28388 is the main support to the downside which IMHO will be the best level to get in for a swing trade.
if it gets there expect a bounce.
iNVALIDTION:- A daily close below the HKEX:27154 level.
Focus on Altcoins now. Some fireworks in Alst are expected.
I will post 5-8 Altcoin request which is pending.
ONT, TRX ADA, CHZ, AZERO, TONE, XPRT. SOL. So follow me and do not forget to hit the like button if you like it.
Thank you
#PEACE
Bitcoin | Next 24-48 hours will be wild
Volume dropped a lot. This gave me a signal of sudden movement.
The higher low set up we created seemed strong to me.
I believe we can push 32k before we going back to the 29k range.
I think this set-up will happen in the next 24 hours.
The earlier breakout took place around this time on Sunday.
You can see the same setup on the volume side.
In addition, while the cumulative volume appears consistent at 4 hours, it gives bearish signals at 1 day.
This tells me that we can move up and then down within 1-2 days.
hot off the press, check this schizo post! well, i was iffy about if we were gonna test the 100. being that the stoch is in a wedge, the rsi is in a wedge, and the price is rallying on low volume, i expect us to test then decline the weekly 100 at around 33k, we'll call it 33333. if we break above, i will finally stop my nihilism.
2014 super cycle appearing even more so. Mind the Volatility Everyday I watch this asset for hours, starting to remind me of the 2014 days when I first got involved difference? retail moved that market, today its institutions with a combined AUM with over 60+ trillion not including the giant companies already thinking about putting Bitcoin on their balance sheet. . I ask around majority aren't even considering or ready for an event like this unfolding in a short period of time.
The story of the future "we couldn't find any exchanges with Bitcoin or funds willing to allocate me without giant premiums. . we had to just watch bitcoin rise 10k every week unable to obtain any coins".
Unable to purchase prime land by the beach during covid watching house prices go up by 5x? frustrating. Unable to purchase Bitcoin watching it do 50x? that's going to hurt.
Predicting Bitcoin tops and bottoms using halving dates.I thought I will share with you what I found out. Apparently by measuring time from the halving you can more or less guess the bitcoin tops and bottoms and/or correction or dead cat bounce to safely sell what you got. This is not going to show you perfectly where to sell and where to buy but it is not for that, this is to help long term traders when to scale in and scale out of the market, regardless of the price. It can be hard, as you know everyone at the top screams for higher targets and at the bottom for lower. I hope this will help you out. And feel free to do a different measure of your own, Just put halving dates and start from there. Thanks!
BTC/USDTThe current trend is upward, but we have three situations ahead of us
1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable.
2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it)
3- It can descend from here and break the bottom of the channel and move towards 20k.
But in case of decline, it will definitely be supported by ma100.
And a very important point:
At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them.
My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.