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Alikze »» LISTA | Short -running channel🔍 Technical analysis: Short -running channel - The time frame 1H is moving in an uptrend channel. - Currently on the floor of the canal. If it is in demand for 0.6840, it can have 0.78 targets and the mid -channel supply range. 💎 Replacement scenario: But if the floor of the short upward channel is broken, the first green box targets can be 0.5860 and the second color box with brick and stabilization below the area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
Volume Spike for The Bitcoin Short ETF - Does It Mean Anything?Overall, since the end of 2021, I've seen Bitcoin is more of a net-negative when it comes to investing, for a variety of reasons. I've outlined all of this pretty clearly in my posts to this account since then. I correctly anticipated the drop all the way down below $20k back in 2022, though I did not really have any intention of buying back in or trying to time a bottom. Ultimately, Bitcoin bottomed at $15.5k. Once the ETF news came out, it had the appearance of saving the market. The news carried Bitcoin to new heights....though active addresses for Bitcoin holders continues to stagnate or even trend down. The kind of behavior seen here has occurred during major tops in the past: studio.glassnode.com In any case, my preference is ideally to short this market, since the bearish periods can last a substantial amount of time. And let's face it, I think the lower the prices, the better things will be. My only current accessible way to short Bitcoin is through BITI, which is a blessing in disguise since it's just a -1x position. No leverage. By the nature of the crypto market, there is also a higher probability of things going to zero (or close to it) than traditional markets. While it's not extremely probable, based on my theories of this market and extensive observation, I think there's a chance a Bitcoin short will truly print. Now, this does not make it a wise choice to throw all my money in it. That would be silly. As we know, Bitcoin can continue onwards to a new all-time high if the market decides it should. Trump's clear inauthentic endorsement of crypto does nothing but further solidify my stance on this crazy market. What's interesting about BITI is the volume - it appears as though a lot more buyers began stepping in as Bitcoin approached ATH. I began entering at around FWB:42K and added until it approached ATH. I then closed at a loss near FWB:67K in case it broke out higher. As I waited for the structure to develop, prices stalled and sellers started to dominate. I re-entered at that FWB:67K level and added around 30% to the position near $71k. I circled the area where I've added. I've also drawn a trendline to determine a possible upside breakout moment and some horizontal levels. I'm making a somewhat wild speculation here, but I have a hunch a small but meaningful amount of smart money is shorting Bitcoin rather than longing it. Weekly sell volume for IBIT (the Blackrock ETF) is looking pretty high and consistent. It would be "easy" money, since another crypto market collapse wouldn't really do much to impact broader society. It seems a little more ethical to short Bitcoin than to short the housing market, for instance. Looking realistically at the data, the daily volume for the iShares Bitcoin trust far outstrips that for BITI. The short ETF only has about -$83 Million in assets on the line, and comparatively it's much lower in volume. IBIT owns $18 Billion. Clearly, the long ETF is more popular. All this data comes from the Proshares and iShares websites, respectively. This post is more of an observation - volume really stepped in for the short ETF at recent high prices, showing growing short interest. Whether this means anything, I guess we'll only know in hindsight. I'll probably close my short at a loss if we get an impulse back above $71k or so. Now that I've posted my short position, price can go back up now. That's how this works, right? As always, this is not meant as financial advice, but for pure speculation. That's all! -Victor Cobra
AMEX:BITILong
by VictorCobra
Spot Bitcoin ETFs Rebound Ahead of Spot Ether ETF Launch Crypto prices declined up to 7.5% to kick off week: The dip came as investors registered $150 million in liquidations, and the German government began unloading bitcoin it seized from a piracy site in 2013. Defunct bitcoin exchange Mt. Gox will start distributing repayments in bitcoin and bitcoin cash in July: The upcoming move marks significant progress in compensating creditors following its 2014 collapse. Tether ceased USDT minting on EOS and Algorand but will continue redemptions for the next 12 months: The company said it was reallocating resources to enhance security and efficiency on other blockchains. US spot bitcoin ETFs received FWB:31M in net inflows Tuesday after seven straight days of outflows: Meanwhile, the launch of spot ethereum ETFs could come as soon as next week, with one analyst expecting up to $15 billion in inflows over the next 18 months. A MakerDAO governance delegate fell victim to a phishing scam, losing $11M in tokens: The scam was the latest example of phishing in the crypto sector. Major Coins Plunge at Start of Week Amid Large Liquidations and Market Movements Cryptocurrency markets faced a sharp downturn on Monday, with major tokens experiencing declines up to 7.5%. The price of bitcoin dropped below $60,000, after investors liquidated over $150 million over the weekend. Bitcoin dropped 3%, while ethereum, Cardano’s ADA, and BNB Chain’s BNG experienced comparable tumbles. Solana also took a big hit, plunging 7%. As a result of the declines, long positions, which bet on bitcoin to go higher, registered $150 million in liquidations. Spot bitcoin ETFs also saw outflows of nearly $175 million Monday as investors digested the news of bitcoin’s price dip. The latest pullback in crypto prices comes as bitcoin miners face continuous selling pressure after their rewards were cut by 50% in the latest halving event. Additionally, the German government last week began selling bitcoin it seized from a piracy site 11 years ago, with plans to unload tens of millions of bitcoin (about 50,000 bitcoin) to various exchanges. The strength of the dollar index has also reportedly put pressure on the price of bitcoin. Topic of the Week: What Are Decentralized Apps? 🫱 Read more here
GEMINI:BTCUSD
by Gemini
BTC Familiar Fear before the Run. Where are we within Power Law.As we can see BTC is experiencing its usual pullback. Today starts the short term capitulation. Using Power Law model we can expect the bottom to occur between Now to early Nov '24. We all expect the peak to come around third quarter 2025. Here are price targets based on a weak, medium, and strong Bull run. Weak = about 124k Medium = about 202k Strong = Ranged between 320k to 400k This is not a moon shot theory this is based purely on if BTC continues to follow its correlation to Power Law that has seems to be the case for the last decade. Plan accordingly. Be patient. I've linked to a weighted DCA strategy I use personally when building positions long term.
BITFINEX:BTCUSDLong
by AngryBuhda
BTCUSDT - one n only area, what's next??#BTCUSDT. what a move from 66400 as we discussed in our last idea and congratulations to all followers. We already discussed about 64450 in our last couple of ideas, you can check our last ideas about btcusdt. So guys that level have much importance on chart specially in weekly and daily chart if you can see. So keep close that level 64450 If market clear that level then you can see a smoothly drop a d it will leads you towards 62k , 60k n up to 58k Don't be lazy here. Good luck Trade wisely
BITSTAMP:BTCUSD
by AdilHussain731333
2
$BADGER in Demand zone Sure, here are the key points for demand zone trading in crypto: 1. **Identifying Demand Zones** - Look for price areas on the chart where the asset has historically seen strong buying interest, causing multiple price bounces or reversals. - Confirm these zones with high trading volumes and supportive candlestick patterns like bullish engulfing or hammer patterns. 2. **Trading Strategy** - Enter long positions when the price approaches a demand zone and shows signs of a reversal. - Place stop-loss orders below the demand zone to mitigate risk and set take-profit levels at previous resistance points or based on favorable risk-reward ratios. 3. **Combining with Indicators and Risk Management** - Use additional indicators like moving averages, RSI, or MACD to confirm trends and potential reversal points. - Practice sound risk management by using appropriate position sizing, diversifying your investments, and continuously monitoring and adjusting your strategy based on market conditions.
Long
by Crypto-Adda_Official
Bitcoin and Global LiquidityWhenever global liquidity increases, this liquidity increase fuels Bitcoin and supports Bitcoin's rise. This pattern has been continuing in the form of a sine wave since 2009. Global liquidity falls at certain times and rises at certain times. Since 2011, global liquidity has been rising in a low-speed trend, exceeding the previous peak each time it rose. Global liquidity, which last peaked in 2022, returned to a slow increase at the beginning of 2023. I think there is currently at least a 100% gap for this rise to be completed. I think Bitcoin will also rise as this gap is filled. I think it is essential for at least a long-term cryptocurrency investor to follow global liquidity closely. While this global liquidity is not meaningful to explain the SP500 or Nasdaq indexes, it appears to be in full correlation with Bitcoin.
TVC:CN10YLong
by YavuzAkbay
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
COINBASE:SOLUSDLong
by ATTMO
Bitcoin & Ethereum - Morning Update Bitcoin and Ethereum Morning Update Good morning, we are back close to the MarchVWAP on ETH 🚨 Still needs to be flipped for the trend to reverse on the higher time frame, if we get this reclaim we are looking for scalps on some assets but thats for later. This setup on ETH with the multiple retests on the cluster reminds me of another setup on ETH just close before we saw the big increase before the ETF happening. On BTC things are looking good as we held the most important level for now the MarchVAL. But on BTC the MarchVWAP is getting problematic too. We are still thinking that ETH is going to outperforme BTC in the next months in either direction. The 4H close on BTC above the MayVWAP is important and not just a fakeout, if we get a reversal in the next 30min we could be in light troubles but as long the MarchVAL holds everything is fine. We are looking for possible setbacks before breaching the next key levels on Bitcoin and Ethereum.
COINBASE:ETHUSDLong
by stromm_by_wmc
Unveiling the Falling Wedge: XRP Short-Term Boon Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge, exploring its characteristics, how to identify it on a 4-hour chart, and strategies to leverage it for short-term gain. Understanding the Falling Wedge The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside. This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start to accumulate, anticipating a potential breakout and price increase. Identifying the Falling Wedge on a 4-Hour Chart The 4-hour timeframe offers a sweet spot for day traders, providing a balance between short-term volatility and clear trend direction. Here's how to identify a falling wedge on your 4-hour chart: 1. Trendline Construction: Draw two trendlines, one connecting the swing highs (peaks) and another connecting the swing lows (valleys). Ensure both lines are sloping downwards, forming the wedge shape. 2. Convergence: Observe how the trendlines converge as the price action progresses. The closer the trendlines get, the more likely a breakout becomes. 3. Volume Confirmation: While not a definitive indicator, an increase in trading volume accompanying the price move towards the wedge's apex (point of convergence) can strengthen the breakout signal. Key Points to Remember: • The duration of the wedge formation doesn't have a set timeframe, but longer wedges tend to have stronger breakout potential. • The tightness of the wedge (how close the trendlines are) also influences the potential force of the breakout. Tighter wedges generally suggest a more explosive move. • False breakouts can occur, where the price pierces the lower trendline only to fall back within the wedge. Proper risk management is crucial in such situations. Strategies for Short-Term Gain Once you've identified a valid falling wedge on your 4-hour chart, here are some strategies to exploit the potential short-term gain: 1. Breakout Entry: Enter a long position (buying) once the price decisively breaks above the upper trendline. This breakout signifies a reversal in bearish momentum and a potential price increase. 2. Price Target: Set your initial profit target at a level equal to the height of the wedge. Measure this distance from the breakout point and project it upwards. 3. Stop-Loss Placement: Place your stop-loss order below the lower trendline of the wedge. This limits potential losses if the price falls and breaks the support level. 4. Trailing Stop-Loss: Consider employing a trailing stop-loss as the price moves in your favor. This adjusts your stop-loss automatically, locking in profits while allowing for some price fluctuations. Additional Considerations for Success While the falling wedge offers a promising setup for short-term gains, remember that successful trading requires a holistic approach. Here are some additional factors to consider: • Market Context: Analyze the overall market sentiment and any relevant news events that might influence the price action. • Technical Indicators: Combine the falling wedge with other technical indicators like Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to confirm the breakout signal. • Risk Management: Always prioritize risk management by using appropriate stop-loss orders and position sizing. Understanding the falling wedge and the strategies discussed empowers you to identify potential short-term trading opportunities on the 4-hour chart. Remember, consistent practice, a balanced approach, and proper risk management are key ingredients for success in navigating the ever-evolving world of day trading.
BITSTAMP:XRPUSDLong
by bryandowningqln
Bitcoin: Navigating "The Dow of Cryptocurrencies"Approaching a Pivotal Moment: Bitcoin, often dubbed "The Dow of cryptocurrencies," is on the brink of a significant development. Symmetrical Triangle Formation: Recent price action has seen consolidation near the all-time highs within a symmetrical triangle formation. Bullish Trend Continuation: Consolidations near highs in bull trends tend to resolve upward. The current breakout above the upper trendline suggests the potential for another substantial upward move in Bitcoin. Price Targets: A rise to the $90,000-$92,000 range is anticipated, with potential resistance around $80,000-$82,000. Vigilance Required: While a false breakout remains a possibility, as long as prices stay above the May 1st low, the path of least resistance is upward. This critical period demands close monitoring to navigate the potential outcomes effectively. Stay informed and stay ahead in the Bitcoin market! 🚀📈 #Bitcoin #Crypto #BTC #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Blockchain #Trading
BITSTAMP:BTCUSD
by Richtv_official
$ONDO Bullish Pennant on daily and weekly TF ! 🔥@everyone Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider: ### 1. Identify the Pattern - **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that create a small symmetrical triangle. - **Volume**: The volume typically decreases during the consolidation phase and should increase upon breakout. - **Duration**: This pattern usually develops over a period of one to three weeks. ### 2. Confirm the Breakout - **Breakout Point**: Enter a trade when the price breaks above the upper trendline of the pennant with increased volume. - **Validation**: Ensure the breakout is supported by higher trading volumes, which confirms the strength and likelihood of continuation. - **Entry Strategy**: Place a buy order slightly above the breakout point to avoid false breakouts. ### 3. Manage the Trade - **Target Price**: Estimate the target price by measuring the length of the flagpole (the initial price increase) and adding it to the breakout point. - **Stop-Loss Order**: Place a stop-loss order below the lower trendline of the pennant to protect against downside risk. - **Monitor**: Continuously monitor the trade, adjusting stop-loss levels to lock in profits as the price moves in your favor. By following these steps, traders can effectively capitalize on the bullish pennant pattern and manage their risk appropriately.
Long
by Crypto-Adda_Official