Btcusdtperpetual
#BTC long-term exclusive update:must read!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
BTC long-term exclusive update
As we know there are too many negatives in the world right now regarding BTC! People are extremely fearful but if you guys need a totally useful update then read this total update.
Not to do it complex we will do it very simply if we see it in the weekly chart if we just draw a line to make support we can see that we have the strong support of 11k to 12k.
In the first pump, BTC bounced from the trendline but in the second and third pumps, BTC holds the 200ma after last 2018 this first time BTC broke below the 200ma currently BTC is trading on the horizontal support of 19k to 20k we are expecting a bounce from here up to the shorter time resistance of 27k to 28k and then we will reject and drop to the lower support which is around 11k to 12k.
If it is not able to bounce and break the 19k to 20k support then it will directly go to the low trend line.
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BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
#ALTS MARKET CAP ANALYSIS!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
#ALTS MARKET CAP ANALYSIS
It is moving in a symmetrical triangle in a downtrend. Currently holding above it's trendline support. MACD crossover is loosing bullish momentum. RSI is in the oversold region. We've to wait for a sustain breakout/breakdown to confirm it's next move.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
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#BTC/USDT UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as FINANCIAL ADVICE.
#BTC/USDT ANALYSIS
It bounced from the horizontal support and currently it is on the support of this horizontal and trendline. MACD crossover is showing bullish momentum.
IF IT BREAKS LOWER SUPPORT THE CART WILL BE INVALIDED.
We might see some upside move from here but a certain breakout or breakdown will come from its next move.
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#BTC/USDT DAILY UPDATE !!Hello, members and welcome to this BTC /USDT quick chart analysis.
As I mentioned in my previous chart that is Nothing much change to see at this daily time frame BTC is still trading above the support zone which is $29k - $29.5k. and support zone $26.9k and resistance labels is $35k.$40.8k.$47.3k
This is not a piece of financial advice.
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Bitcoin | At a historic crossroads!Hello dear TradingView Crypto Savvy,
If you want the best-modeled full history view of Bitcoin price action with insights for the next few years, you have opened the right idea. Today's update is a more sober follow up to last year's tongue-in-cheek long term view of Bitcoin price action modeled against Stock to Flow. If you are not aware of Stock to Flow and how it is the best predictor available for Bitcoin price performance, please see my related idea.
Today's idea adopts a bollinger band style view of stock to flow, where I have carefully tweaked the model to precisely fit the last decade of price action. You have never seen a better view of Bitcoin's long term price! We are looking back at the $2 days and forward to the next halving. The most recent Bitcoin mining block reward halving occurred May 11, 2020 and prompted the most recent bull run, as other halvings have done in the past. There is a growing delay from the halving date to the all-time-high date for a cycle, which I have highlighted on the chart.
This delay points to the possibility of the high for this cycle being in the future. I project sometime later this year or early next year.
"Wow, that's great!" I hear you say... but wait.
I mentioned a historic crossroads in the title, so that must mean there's a catch, right? Right. Well look at the orange line I have drawn. That represents the long term support line for a "truly" logarithmic growth, as we are looking at a logarithmic chart. Notice how we were riding close to that support just before the Third Halving in 2020, and the Pandemic Panic actually brought us far south of it for a brief snapshot in time.
The halving snapped us out of bearish doldrums and we wound up with a perfect storm for the last two years of bullish on-ramps to broad institutional adoption. We started 2021 with Bitcoin dominance ( BTC.D ) at it's highest point in years and the crypto market as a whole smashing through $1 Trillion USD market capitalization . Then in 2021 something remarkable happened.
2021 saw DeFi frenzy and the rapid capitalization of newer Layer 1 Cryptos. Bitcoin dominance plummeted to near all time lows and has stayed there til today. Yet Bitcoin still reached a new high as the total crypto market had a historic rally to $3 Trillion in November 2021. Then the correction came.
The crypto total cap now four months later sits 40% below the peak of November 2021. The last six weeks of sideways price action have suggested to some that the bottom has been found, but has it?
To inform an answer to that question, let us take the best tool we have for modeling Bitcoin's long term price, Stock to Flow, and use it as a guide. We will use it as a backbone and make some adjustments based on the insights that we are finding are shaking up the future of the crypto market.
What are those key insights?
DeFi and newer Layer 1 Cryptos are pushing Bitcoin dominance towards new all time lows
Bitcoin has become a household name around the world. It is solidly an institutionalized asset now. It represents a non-negligible percentage of global GDP.
Before the last halving, Bitcoin was already losing steam against its long term logarithmic growth support
All of these factors point in the same direction: slowed growth for Bitcoin. Now let's reference the big red line on my chart. Based on these insights, this is the growth curve that I am fairly confident will hold until the next halving in 2024. What does that tell us about our choices today?
Well that is our catch. For the next few months, our current price is above the long term support curve I have drawn based on those insights. This curve has been tested, and in the worst circumstances briefly broken, every halving cycle so far. There is not yet confirmation of a trend reversal, and we are seeing suspiciously little volume the last couple of months. My estimate of a future date for a peak this cycle is very loose and it could well be ahead in 2023, so that gives about a year for a low to be found before we try for the true high of this cycle.
Current geopolitical volatility opens the opportunity for further "black swan" events briefly pushing us below our new red support trend line. This suggests the possibility of a low between $32K, in normal circumstances, and $22K in the worst circumstances before we find the high for this halving cycle.
Now let's look back at our orange line. The correction has brought us below it for the second time ever, and our insights point to it never being respected again. Yet there is still hope for a higher peak this cycle, and we have a new more-informed and better-fitting curve that's ready to be tested for a fit to the next two halvings. This confluence of factors is why we are at such a historic crossroads!
Just because the orange line isn't being respected as a support, doesn't mean it is no longer in play. I suspect we may see it touched one or two more times as a resistance (and maybe once briefly as a support) before we fall further away from it. This leaves a small window open for my previous prediction of a peak this cycle above $200K.
What other insights can we gain from this fully zoomed out view and our new collection of insights? Well they suggest that another Layer 1 crypto may be neck and neck in capitalization with BTC within a couple of years. ETH is the obvious candidate, and has been gaining ground slowly and consistently since 2019. It also has major upgrades planned for maturity this year which could completely change the game on its costs and scalability, potentially unleashing a new trend of accelerated growth versus BTC. A win for ETH is not a guarantee though.
Other Layer 1 networks have gained ground at a record pace beginning in 2021. Terra has rapidly emerged as the front runner, largely driven by the intrinsic appeal of having built the first demonstrably well pegged DeFi stablecoin with TerraUSD , with the cherry on top being the stable 20% APY offered by Anchor staking. Competition will be stiff though, with many other contenders looking for an edge. DeFi robustness, low costs, security, usability, scalability, etc. all have to align in just the right way for a winner to emerge. I suspect we will see a clear front-runner in the next couple of years though.
How does this full picture inform our crypto strategy today? Personally, I'm significantly reducing my focus on BTC holdings, adding more ETH holding, and dedicating significant time and energy to get a big picture view of the competitive landscape for DeFi-ready Layer 1 Cryptos. What is your focus and do you have a favorite Layer 1? Let me know in the comments who you think the winners will be and why!
If you appreciate my analysis and would like to see more in the future, please like and follow!
With that all said, this is not investment advice. I am offering my ideas for educational purposes only. Enjoy and take care.
💥Bitcoin 2022 Roadmap to $19k & $16k#Bitcoin Update🔥
Technically, we are repeating the same movement as in 2017.
Bitcoin dropped by -84% from all time high from $19,799 to $3,159.
As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017.
This same setup is repeating itself. The current bear cycle started in November 2021 . So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000.
Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
BTC/USDT 2HOUR UPDATE BY SANDERS !Hello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
Welcome to this quick BTC/USDT update by CRYPTOSANDERS
As per the above-mentioned chat, not a nice daily close for BTC it lost almost 10%.
It broke the upper trend line support, $38200 support, and the lower trend line support of a triangle pattern.
Now BTC is holding the $36500 mark which
This is another support level that btc needs to hold to be in a bullish mode.
If BTC is unable to sustain the current level then $35k is the major support level
This is not a piece of financial advice.
Sorry for my English it is not my native language.
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#BTC UPDATE monitor this price range each and every time the price of bitcoin has tried to break out of the previous support line the previous support line has always rejected the price and after that we have seen a price reiteration what I mean by that the line which previously acted at the support acted at the resistance and after that we saw this bigger price retracement again and this exact scenario is also unfolding right now in price action a bitcoin the line which previously acted as a support is rejecting the price at this current stage around 39000 price area not just only not just only this previous temporary support line what we can also do is add this falling trend line tried to break out of this falling trend line we got a rejection and now if you would add another falling trend line to the downside then you can see the price of bitcoin is forming this broadening wedge considered as a bully scenario but for that to happen here in the short term we have to overcome this obstacle the previous temporary support line lying around 39000 here in a smaller time frame and also the resistance from this falling trend line so now what we want the price of bitcoin to do break this resistance from the falling trend line and also the previous support line if do manage to do that then guys here in the short term the price of bitcoin could be showing this bullish movement to us this 40700 range because we know guys if you look at this whole price movement using this Fibonacci extension line from swing low till swing high you can see the price of bitcoin if it's going to be a breakout then we could be getting gravity difference towards this 100 Fibonacci extension line so 100 Fibonacci extension line is lying around 40800 range so that's why guys here in the immediate short term if the price of bitcoin manages to break out of this 39000 and for confirmation 40000 into support then this could be a slow move towards this 100 Fibonacci exchange line which is lying around 40800 or 40700 price range
#BTCUSDT $49k on board, 17%+ Potential Rally ahead!!Welcome to this BTC Analysis
Recap of our last BTC Idea :-
1. BTC needs to wick down from the $37.5k level to the $38.5k level. Reached ✅
2. Avoid opening long around $42k, best long entry for Bulls in the above-given range:- ✅
3. Late longs are liquidated and late shorts are trapped. ✅
To be honest, what I was looking for was a quick move to $37k followed by a strong response from the bull side. Didn't happen, we have witnessed a slow bleed in BTC but still managed to bounce from the given area.
Let's get to the chart now.
BTC did manage to bounce around the $38,200 area right on the support trendline.
The pattern is under 90+days old now.
I am not just looking at the fractals, Though there is some selling pressure around the $39k range, There have been some high volume spot buying by the whales around this area.
Gives us a hit for the upcoming move.
SO REASONS BTC COULD PUMP 17% TO 30% in the next few weeks:-
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by onchain.
4. more details are given in the chart, please observe.
Best time to go spot long:- Reason the risk is very low here.
While there's a possibility of a 17%+ gain (Decent) You have a risk of less than 6% which gives us a 1:3 RR
INVALIDATION:- Close below the $37k or simply the channel will invalidate the chart.
Disclaimer:- I don't have a magic ball, I just write what I see in the charts. So generally my charts go well but sometimes I am wrong too, I learn from my failures and keep trying to give out the best content on time for the community.
Hope you appreciate it with just one like!
DYOR before taking any trade decision.
Do share your charts/ views in the comment section.
Thank you
#PEACE
Tracking Market Maker Activity Part 5Padawans,
If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped.
I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.