BTC/USD Wyckoff Accumulation Updated May 2022Let me start by saying this is not financial advice and this prediction is purely based Wyckoff Accumulation theory. Current Bearish sentiment and global financial state could change everything anytime so please DYOR before making investment decisions. Also please do not take the price point and timeline literally because this is a pattern prediction.
This prediction is based on assuming BTC has found some support at 30k or in this area which makes an ST in phase B. Based on this, BTC looks like forming the following Wykoff Auumulation patterns -
Schematics 1 - Green
Schematics 2 - Orange
According to Schematics 1 - Spring could be anywhere between 20k to 30k depending on market sentiment and assuming 30k is the ST in phase B.
Bullmarkets
WILL USDT.D REJECT ??Hello !!
Welcome to the quick update of USDT.D. It is currently, moving inside a channel and may soon get rejected from 4.80. It has been rejected multiple times from the trend line as shown in the chart. This will be the 5th time it is going to get rejected and if it happens we may see a green market. The altcoins may pump around 10 to 15 % if it gets rejected.
USDT.D and BTC go in the opposite direction. If USDT.D gets rejected, BTC will soon see a pump until the first resistance of 39300 then 40800 along with a rally in the altcoins as well.
On the other hand, I can see a Cup and Handle pattern and if USDT.D breaks this pattern and retests, then BTC will break 38200 mark and we may see 37000 levels and also 33000 if the worst happens. Let's wait for the right time to enter any trade and wait for confirmations rather than speculations.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Finding BTC top with dxy and fed balance sheetSo we're at the pivot point where most of us are asking where do we sell? Is it top yet - so wanted to explore correlations between btc,dxy and fed balance sheet and how do they affect the bullmarket top - found few:
What's on the chart?
1. indicator bellow chart is us fed balance sheet - change, second indicator is total sum of balance sheet over time.
Correlations?
1. usually after halving dxy has a period when it pumps along with btc price for the first leg and then creates a zigzag pattern where it starts to go look for bottom (circled in green).
2. after the zigzag dxy starts dumping giving boost to btc price until it finds bottom:
3. when dxy bottoms btc stops moving higher marks end of cycle (circled in orange), smaller the balance sheet faster dxy recovers
4. afterwards btc starts consolidation period while dxy starts picking off - fed balance sheet enters phase when no larger increases are made to the sheet - balance sheet starts decreasing.
When will the bullmarket end?
This year due to covid we had everything happened at the same time:
we had large increase of balance sheet helping boost the btc price along with the zigzag pattern, after that event halving happened and dxy started looking for bottom.
There are currently 2 potential scenarios:
1. either dxy stays arround 89.80ish creating a new bottom and marking top for btc - market with white line - this needs to be supported by fed balance sheet that is either not increasing - or decreasing.
2. fed balance sheet keeps increasing having the dxy bottom at a later time - supporting continuation of the bullmarket cycle - market with purple line.
Toughts?
SPX500Decision time soon, are we in a 1,2 1,2 EW wave pattern that is bullish leading to 5,130-5,200 wave 3 target?
Or do we loose critical support now and start the bear market, nuke to 3,200.
I discuss in my analysis why I'm leaning towards option 1 where we hit W3 soon to 5130.
Whats your opinion? Comment below.. Thanks and BigMike loves you.
Top and bottom prices with dates for Bitcoin - based on pastThis is my analysis for long term Bitcoin prices. In my opinion Bitcoin is very highly manipulated and the price will be be driven down in 2022 only to be pumped again after the next halving event. At this point Bitcoin is a wealth generating scheme that rewards those who buy low and sell high or just hodl and takes from fools who buy the top during a media driven frenzy.
This model is based on time periods and % changes in price of last 2 "cycles" of highs and lows. Did you know that from the lowest price value after the 2013 BTC top, so in January 2015 till the highest price in December 2017 (19k) past 1064 days ? Guess how many days past from bottom of bear market in 2018 till top in 2021. 1064 days. Coincidence?
Trend line breakout is in the picture!!Hello everyone
In The past 4 days we have been experiencing a trending range with a possibility of bull channel in ETHUSDT. But In the next couple of candles ,I expect a breakouts for Ethereum (personal opinion, not a financial advice).
In 4 hours chart we can see an accumulation of price in the channel of 2950$ and 3050$. Also, We have a long term trend line ( line number 1) and a short term trend line (line number 2) creating a corner for the price.
Hopefully we see a big move in the market in the next couple of days ( THIS MARKET IS BORING).
We have W retest on the weekly BTC!!!I really dont understand way nobady is talking about this big support on the weekly timeframe. At the beginning of 2021 we had correction of 26% and we bounced back from the support and went up 50%. After that we had correction in september of 2021 and we went 18% down which is 8 % less then first corection, but after the retest we went up 60% which is 10 more then first corection. And at the moment we have our third correction and we went down 10% whith is (again) 8% less then the second correction.
After the first bounce we got 50% pump in 8 weeks, after second one 60% in 8 weeks and are we now getting 70% in just 8 weeks??
This is way i got in my big long postion at 43.1k and my first take profit is on 53.3k which is the target of this W reversal pattern.
This is not the only reason way i opened this long position because we have huge hidden bullish divergence on the daily and somthing very nice on the 4 hourly as well, but i am going to make another post about it.
What do you think about this W reversal pattern?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
200MA on the 3day held perfectly. Testing 45k again 🐱🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
The 200MA of the 3day was held perfectly. No close below it!
We now are within the bull market support band and did not get rejected so far.
The RSI shows a strong healthy rise.
Trading volume is higher compared to the start of 2022.
We are still above the macro support level of 30k.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA.
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance .
Bitcoin got additional attention during the Russian invasion in Ukraine.
People could use Bitcoin but have trouble withdrawing their fiat currency.
Donations are also made using cryptos which leads to additional attention.
Ukraine legalized cryptos because of that.
The FED started with rate hikes and takes a closer look to cryptos.
This is a novum and it seems that Bitcoin became to big to ban or ignore.
We expect bullish times ahead can't wait for it.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
USDT.D proves my altseason idea!Please look at my btc.d idea before this one to understand!
Not alot of people know that usdt.d is important and I just recently found out it very much is but pro traders don't tell you especially youtubers so im here to explain for you guys! When usdt.d goes down it means more people are starting to buy crypto from usdt which means if usdt.d dips, thats when usually bullmarket happens except for 1 condition and that is if people are fully getting out of crypto which is very unlikely for people to lose interest in crypto especially when it's still new and more people are finding out about crypto! So anyways, usdt.d hit resistance 2 weeks ago and is starting to go down. Currently its breaking a strong support that its been trading in for weeks and also created a bearish divergance shown by the yellow lines! This means a bullmarket is starting to come into plsy right now! Please see my other ideas to find out why I believe usdt will fill more into altcoins than bitcoin right now!
BULL MARKET CONFIRM!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 an
As I mentioned in my previous chart if USDT DOMINANCE closes the daily candle below 21ma so then we can accept a drop up to the lower support level of this symmetrical Triangle.
now the daily candle closes below 21ma and currently, it is retesting the 21ma.
MACD crossover is showing bearish momentum.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
USDT DOMININCE 1D UPDATE 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 an
In a higher time frame, USDT DOMINANCE is making this symmetrical triangle pattern.
Let's take a look at the RSI. The USDT dominance might be rallying higher but there ain't enough strength in the RSI. The RSI is weak which indicates that the USDT dominance will fall sooner or later. I am keeping my eyes on it and waiting for the right opportunity to enter the market.
so, let's see how the market reacts in a few hours
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
GoldViewFX - 1H CHART UPDATEThis chart needs no introduction!!!
We have used these Goldturn LEVELS to enjoy buying from every Goldturn support and banking on Goldturn resistance. We confidently remained Bullish and called the targets UP together with signal activation we were able to plan and execute entries and exits safely.
1939, 1948, 1953 and 1960 ALL HIT !!!! 1974 open but I will come back Sunday with an updated plan with updated levels for the coming week. Please look out for our Trading plan on Sunday.
Please support us with likes and comments, Thank you!
GoldViewFX
XAUUSD TOP AUTHOR
USDT DOMINANCE 4HOURS UPDATE 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 an
USDT DOMINANCE UPDATE: USDT DOMINANCE is making this bearish Head and Shoulder pattern but it's not yet confirmed we are expecting a reject from a 4.33% resistance.
so, let's see how the market reacts in a few hours
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
USDT DOMININCE 12 HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE is lying in this important support level of this ascending channel.
First scenario: USDT DOMINANCE is already on this important support level if we Bounce from here then resistance is around 5.09% or we have some local resistance at is 4.27% level. let's see how the daily candle closes.
Second scenario: if the Daily candle closes downside this important support level then we can accept a fast drop up to 3.3 %. both sides are dependent on this daily candle.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section
When is good time to buy ETH or Alcoins?Idea:
End of Bull market is the Bear market will be start.
And anytime when you buy BTC is safety than buy an altcoin.
But when will you buy an altcoin for get more profit than buy BTC and low risk?
Caculation:
- Base on BTC marketcap and altcoin marketcap.
- Index % = Altcoin MC/BTC MC * 100%
- When if:
+ Index% < 50 and going up: buy altcoin--> you can get x3 profit than BTC if in bull market.
+ Index >100: do not buy alcoin --> low profit than BTC and high risk , this time is end of bull market or bear market will be start
--> What do you think about it? Comment below :)) Good luck!
BTC/USD 1 DAY ANALYSIS BY CRYPTOMOJOWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
In a higher time frame, BTCUSD is trending under this big channel.
Currently, it is trending around 38800 support levels.
First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4 HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE confirms this bearish expanding triangle and now it is facing a 4.51% resistance level we're expecting a drop up to the 4.22 % level.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section