What will happen to bitcoin? 🚨🚨🚨As you see bitcoin is moving inside an ascending triangle. If BTUSDT chart can break top of the tringle the price may go up to 52_54000$ and if the price break the bottom of tringle it may drop to 46_42000$ so got an eye on the chart and sell/buy at good prices
Good luck
Btusd
BTC/USD - 9% drop: buy opportunity or worse to come?BTC dropped 9% scaring bulls for a second, but really, this was a reminder that the market goes both ways and the greed we have seen lately had to be punished.
However, should we be concerned? Not at the moment. We have quickly found support at $44k and now we are bouncing off this support line. You should become concerned if we fall under 44k, don't recover and break the yellow parabola. That may indicate the Elon Musk pump was hot air and we go back to $40k.
On 4h I do not like the indicators as MACD did a bearish cross on the negative side, which seems to suggest, even in the most bullish scenario, we will range here for a while before the up-trend resumes.
However, on daily, the indicators are still very bullish so this may be just a temporary correction before we can go higher. The bears had to punish the bulls as most exchanges were over-leveraged on longs with funding rates on futures reaching 2% a day! Imagine losing 2% a day to stay long... Greedy no?
In such cases, just use spot markets and avoid this madness.
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OMG/BTC CHART EARLY BUY SIGNAL. DEVIATION OCCURINGHello everyone.
Deviation happening on OMG/BTC Chart. In other words, this is will flip to the others side very soon and very aggresively.
Buying targets are mentioned here look at GREEN HORIZONTAL LINES .
We got early buy signal right now. For long term holding people can start buying here. If we dip to lower green line - buy again.
As simple as that. Cya
BTC/USD Local work. Symmetrical Triangle. Decoupling SoonThis trading idea shows the local work on the BTC / USD trading pair. Timeframe 4 hours. A symmetrical triangle is formed at the top of the trend near historical highs. With a base of 9.69%. Entering in the direction of a breakout or pullback after a breakout of this formation. Target levels (zones) are shown on the chart.
Past trading idea for local work on this trading pair.
I attached my trading on this trading pair (trading ideas and trading learning ideas) for 1 year under this description.
Trade, study, develop. I wish all smart people to become even smarter and earn big capital thanks to this. For fools, lazy people and adventurers, I wish that thanks to their failures in the market and in life in general, the toggle switch in their brains would switch to a change for the better.
BTC Possible Moon or Back to Earth as always ?From the weekly chart if the candle closes above 2017 ATH then we can definitely expect a BTC to moon but the question is will bitcoin stay above the all time high or whales gonna manipulate the market crash BTC once again.
I'm sceptical about BTC crashing since we waited almost 3 years for BTC to hit new ATH, it think BTC is going to stay above ATH and hit new ATH continuously.
next short term goal for the BTC is 25000$+, if BTC crosses this then there is not stopping, we can expect BTC to reach moon soon :)
If BTC hit new ATH will it affect alts ? yes its definitely going to affect alts, i have published a separate article on how alts price varies with respective to BTC. link :
Thank you for reading.
BTCUSD Short Naked Forex- Quick PipsI love going in and out of market for quick pips! After studying this pair I believe you can get a quick 100 pips.
HIGHLY (UN)LIKELY? BUT I HAVE TO SHARE IT!I honestly think the "TOP" is in, and I'm sad to say that XMAS will bring us its RED color and not gift us another "ATH", or at least that's what I think...
This scenario is unfavorable for almost all crypto traders, but, how about a flush of the over-leveraged traders in the middle of economic hardships? How much can they bear to suffer before saying: "FK IT, This is it, I'm selling all of this bull*hit" ? Only to be bought by long-term hodlers, who can survive until $100K+!
The upcoming times will be "unfavorable" for many. Whatever you saw so far is just the appetizer before the main dish, and I hope all of us (hodlers) can be strong and make it to the dessert time (I believe it will be being around Q3 2022).
Good luck everyone, I will be checking-in again in 2021 or if BTC goes lower than $2500. Whichever comes first...
Until next time, good luck!
Falling Wedge confirmed What's going on everyone!?!
I would like to start off by thanking everyone for the support and also if you check out my most recent
chart published "Falling wedge incoming SHORT liquidation run" you will see that it is playing out perfectly.
It looks like that was our correction down to 8250's and a bounce to 8640's is next. I remain long and in profit.
The DAILY STOCHASTIC RSI looks very good for a strong move to the upside. We held on the DAILY 21 moving average
just as i thought we would. Today's new daily candle will guide us in the direction heading back towards 9k. We either
double top 9100's or we break thru. Taking a profit at 9100 is going to be a safe bet in case of sell off and i will be doing so.
I will re long 8740-8800 once retrace is completed. Best of luck traders!
Make sure to LIKE and FOLLOW to support by content
Thanks, LiquidMEX
RACEACEACE BTCUSD POTENTIAL BOUNCE WARNING 7100-7050 to 7600The price is / already has crossed below the red 2/1 on lower t.f's and is BEARISH on lower t.f's. On higher T.F's it is approaching this red 2/1.
I am now at my computer so I have had a chance to make my Gann Fan precise.
HERE IS THE WARNING:
Once the price reaches near the 7100-7050 range, which is the 3hr red 2/1 Gann fan line, it can put in a nasty bounce up to 7600's, which is where the blue 1/1 is currently situated.
This does not mean to enter a long trade. This means around 7100-7050, traders should seek confluence to either 1. exit short trade or 2. to short higher.
On November 27, 09:00 UTC (LABEL "1.0") the price exhibited such a behavior of a nasty bounce from the red 2/1. The current Red 2/1 zone is labeled as "2.0?"
It is my personal rule to never enter a long trade below the blue 1/1 - but you can do what you want with your money.
Failure to put in a bounce in the 7100-7050 range up to 7600 = enjoy the short scalps.
1. Lower T.F:
2. SUPER LARGE T.F FRACTAL PLAY:
Here is a recap of my super large t.f fractal play:
It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
INVALIDATION:
PLEASE NOTE: RESISTANCE ESTABLISHED AT 6500 WOULD INVALIDATE THIS SUPER LARGE T.F FRACTAL PLAY
3. SUMMARY:
Right now: Only lower t.f short scalps (in and out) BUT at around 7100-7050 be CAREFUL and evaluate the situation. A massive pump is possible at that level - do not get rekt.
Until the price makes a lower pivot low and establishes resistance at 6500, we cannot go COMPLETE BEAR MODE.
BTCUSD: Decision Time & Key Levels To WatchCurrently remaining neutral while expecting a big enough move in either direction to either retest the triangle resistance around $9,000, or continue moving downwards towards the bear channel support around $7,500, likely followed by a bear flag breakdown to $6,500. Bitcoin notably got rejected by the 200 Day MA on yesterdays closing candle with current support llined up at the 100 Week MA around $7,750, followed by the 50 Week MA at around $6,750.
4hr RSI with bullish divergence in tact but enough room to move down to $7500 with ease.
MACD losing bullish momentum and still in the negative.
CMF is barely positive. Overall, slightly bearish.
If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6)
Measuring The Move of the Descending Triangle Breakdown (Part 2)
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750?
BITCOIN, Priority is Upward! Current situation is clear enough : BTC moves in an upward channel. The next impulse can be caused by any exit from this channel. We already have two touches of resistance and two touches of support. Meanwhile, there is the most important resistance level at $10500, where we usually see strong sell pressure . In fact, the rollback of the upward movement didn't neutralize it, therefore, the priority is still upward . There's also another fake breakout of an upward resistance, which gives another point for bulls . Thus, despite the upward resistance, we can see almost equal peaks on top and rising dips on bottom , so the priority is long.
However, we must always be prepared for a negative outcome ! Taking into account large number of fake breakdowns , for the true dump market needs not only to break through support zone , but move to $9800 - $9900 level with a shadow to $9750. Obviously we can't guarantee that the price is strong enough to keep $9800 before the further dump, we can expect a strong impulse breaking of $9800 - $9900 zone straight to $9700 and lower .
At the moment the priority of the market is a move to $10750 - $11000 zone. 83% for long and 17% for short.
Breakout to 13,600 don't let that sell off trick you XBTUSD
Make sure to like and follow
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
6 DAYS INSANITY: 35 Times Have The Whales Stolen Your Money The Headline is a bit misleading, but the point I'm making here is super important. I do this to help you, because I witness all the time how Whales and Smart Money keep stealing your Money. And if you are not aware of these things you are the small fish in the market, which keep getting eaten by the big fish.
This is a Follow Up on in series: Understand How the Whales Thinks, and How they make Money of You!
If you have read yesterdays post, you know how we are taught to place a position on side of the support or resistance and the Stop Loss on the respectively opposite side of that.
It's fair to assume that 8,000 USD is a Key Level, and that 7,900-8,100 USD is an important zone, where people usually will take a lot of positions. Either they choose to go LONG or SHORT. Our Volume Profile is confirming that.
Kill, Kill, Kill, Kill.... - How they bait you!
As you can see, we have in only 6 days going back and forward 8,000 USD at least 35 times, which have Stopped out and liquidated people for millions of dollars.
Some of it is obviously normal evolved price movement, from what we can expect, if we look at our TA princicples. But a lot of it is also designed to bait you into go long or short, and then kill you after.
My Advice for You
Its always very hard to trade near these key levels. So I will suggest that you DONT leverage trade if you arent super experienced. Right now the Market Sentiment and Bitcoin is super Bullish so you can either go long with very little leverage, or just accumulating Bitcoins or take a look at the altcoin, which have fared better than Bitcoin latest.
One thing is certain. The future is bright, and I will do what I can to help you!
D4
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