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Fearandgreed

🤖 #BTCLIVE - 13.09 🤖🤖 #BTCLIVE - 13.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 35:65 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish OVERVIEW: Bitcoin showing strength although some big bear flags showing up with the ascending wedge, bearish weekly pivot and CME gap that have a high chance always of getting filled usually in the short term too. Additionally we are coming up to the Macro trendline resistance on the weekly which is going to be a huge marker if we breakout as it has been in place since November 2021. It is a likely a very large amount of volume is going to require to break out. This is possible depending on the CPI data that drops which is potential assumed to be bullish. This could help break out - although there is a lot of bearish factors weighing against it for at least a small retrace. Losing $22.2k would likely see a continuation down to the CME gap and weekly pivot regions with a top of $21.5k and a painful scenario at $20.2k. A bullish scenario would need to breakout above $23k for a good confirmation then it can pump as high as $25k. HOWEVER with all the news that is coming out this month with the merge, MT.Gox and multiple items in the economic calendar volatility is going to be high TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Descending wedge on the Weekly + Oversold on the Weekly + Reversal signal on the Weekly + Hidden Divergence on the 1hr + Potential breakout incoming of the macro descending wedge BEARISH FACTORS: - Bearish untested Weekly Pivot and CME Gap as low as $20.2k up to $21.5k - Challenging Macro Trendline Resistance on the Weekly - Hitting key 22.6k resistance - Crossing down on HullMA - Rising wedge NEWS: Bull: + CPI data expected to be slightly positive + Fidelity rumoured to be shifting their retail customers in to Crypto soon + Russia's Prime Minister asks regulators to finalize regulations for cross-border #crypto payments. + Chamber Of Digital Commerce Calls Out The SEC, Argues The US Needs A Bitcoin ETF cryptopanic.com + Google Adds Ethereum (ETH) Merge Countdown Feature as Worldwide Interest Skyrockets cryptopanic.com Bear: - Sept 13: CPI data - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - Sept 22: $ADA Vasil Hardfork - New White House Report Suggests A Ban On Bitcoin Mining In The U.S. cryptopanic.com MARKET SENTIMENT: Fear & Greed Index - Sep 13, 2022: Today: 34 (Fear) Yesterday: 25 (Extreme Fear) Avg. 1W: 26 😱 Avg. 2W: 24 😱 Avg. 1M: 27 😱 Avg. 2M: 30 😱 Avg. 3M: 25 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $22,336 24h Low: $21,578 24h High: $22,448 MC Change: $11.4B (2.7%) Dominance: 38.5% 24h: 2.7% 7d: 11.8% 14d: 13.6% 30d: -8.5% 60d: 10.4% 200d: -40.2% 1y: -50.6%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 18.08 - #IDEA 🤖🤖 #BTCLIVE - 18.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Breaking up on this bearish pennant will be helpful but more critically breaking back above $24k is where the price needs to be - If this can be achieved then a push to $25.3k at the upper range of the ascending wedge would be a target. Bearish Scenario: Breaking down on the bearish pennant will likely continue its move to $22.6k which is the slightly more expected scenario to occur here. Bullish Factors: + Still holding 50 DEMA support + Daily: Bullish Divergence + Daily: Incoming McFly + Exchange Reserve turned positive + Exchange Netflow Total turned positive + Active Addresses turned positive + Transactions turned positive Bearish Factors: - Flipping the 20 DEMA - Bearish Pennant Formed - Incoming Mcfly Signal - Consolidating Under Key Resistance - Lost Key Ascending Trendline Support to confirm breakdown of longer term ascending wedge - Weekly: Incoming McFly - Lost Key Support - Transfer Volume turned negative - Funding Rate turned negative Key News: Bull: + Crypto.com Business License Approved by UK Finance Watchdog (cryptopanic.com) + Australian convenience store chain with +170 locations now accepts #Bitcoin Bear: - #Bitcoin mining difficulty has increased by 0.63% to 28.35 trillion. - Ontario crypto exchanges impose $30K CAD annual limit on altcoin buys (cryptopanic.com) - Markets React to FOMC Meeting Minutes (cryptopanic.com) Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 83.00% compared to yesterday. + Transactions - The total number of transactions has increased by 51.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 14032357.38 of short positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 9,560,712,444.14 24H%: +3% 7D%: -4% Fear & Greed Index - Aug 18, 2022: Today: 30 (Fear) Yesterday: 41 (Fear) Avg. 1W: 42 😕 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 26 😱 Avg. 3M: 21 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $23,368 24h Low: $23,277 24h High: $24,439 MC Change: -$9.8B (-2.1%) Dominance: 38.4% 24h: -2.2% 7d: 0.7% 14d: 1.4% 30d: 12.2% 60d: 14.1% 200d: -38.3% 1y: -49.2%
by Kryptochristian
🤖 #BTCLIVE - 16.08 - #IDEA 🤖🤖 #BTCLIVE - 16.08 - #IDEA 🤖 Snapshot: Short-Term 20:80- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Consolidating below key resistance at $24.2k - we have to get above this and consolidate above or pump through with big volume to test $25k - this will require additional huge volume to break through given the previous heavy rejections. Breaking $25k and either consolidating above or confirmed retest then $27k and $30k will be the targets Bearish Scenario: More likely scenario rn, consolidating below key resistance with volume diminishing a big move is expected with the first stop being $23.5k breaking through and retesting will probably confirm $22.7k and max pain here would be likely be $20k region at the bottom of the macro channel/range. There is an ultra bearish macro descending wedge that can see a possible $16k come in if it plays out although this would require some elevated FUD to drive down that far. Bullish Factors: Bullish Factors: + Long term trend support + Bullish Divergence + Bullish CME Gap + 20 and 50 DEMA lying in support Bearish Factors: - Consolidating under key Resistance - Under all EMA's and testing the 200EMA - Exhaustion on the Daily - TD6 on the Weekly - McFly Incoming on the Weekly - Wave Peak on the Daily - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Key News: Bull: + ETH Merge causing bullish sentiment market wide + 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area. + Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’ (cryptopanic.com) Bear: - Huobi #crypto exchange has announced that it will suspend derivatives trading in New Zealand. - Bear Market Rally Google Searches almost at an ATH Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 9.00% compared to yesterday. - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9% - Liquidation - 15823977.54 of short positions were liquidated in the last 24 hours. Fear & Greed Index - Aug 16, 2022: Today: 44 (Fear) Yesterday: 45 (Fear) Avg. 1W: 42 😕 Avg. 2W: 37 😣 Avg. 1M: 34 😣 Avg. 2M: 25 😱 Avg. 3M: 20 💩 Avg. 6M: 24 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $24,176 24h Low: $23,848 24h High: $25,093 MC Change: -$2.7B (-0.6%) Dominance: 38.4% 24h: -0.6% 7d: 4.2% 14d: 3.4% 30d: 16.3% 60d: 7.3% 200d: -34.4% 1y: -48.7%
by Kryptochristian
THE FEAR & GREED INDEX: THE LOWEST LEVEL, SO FAR.Welcome traders to this Fear & Greed index. The F&G Index has gone to the lowest level of 6 to date. This is the lowest in the history of cryptocurrency and this could get recorded only if the market bounces back from the current level. In my F&G updates, I have mentioned that we can possibly see the F&G reaching close to 1 as well but then what? Could it go zero or -1? There's no way that could happen. The F&G Index won't stay at this level for long. Soon we will see the indicator moving from 4,5,6 to 12,20,30. This is the time of accumulation, my friend. This is not the time to give up or sell your bags. I am accumulating it one at a time. No rush, no harry. Just slow and steady. What is your strategy? Are you accumulating too? Like and follow if you agree with me. Thank you.
INDEX:BTCUSDEducation
by Dexter_The_Trader
11
Bitcoin Sentiment = Extreme Fear = LONGThe Crypto Fear & Greed Index is now set at extreme fear for the better part of this month... You know what they say, buy when people are fearful. Buy when everybody is thinking to sell. Do the contrary to what the herd does. This is just one signal of of course... Here is another one! When you have such a strong drop as we just had, a bounce tends to take place and reach in the least the counter trendline... It can be more but this is a conservative target that we can expect to be hit in the days to come. Patience is key. Be positive. Stay strong. The worst part is almost over. The best part is yet to come. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
41
Bull? Bear? Swan? The chart: Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices. Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band. The paradox: The consensus is the chart is a picture of 'doom' (as bearish as it gets). At the same time, every trader in the chat room was bullish on the upcoming 12 hours. Not a single bear. The assumption that recent outcomes will be repeated is also called "The Hot Hand" . Both chart and traders refer to the same asset class. The chart accurately describes what traders experienced. Same information, but divergent conclusions and sentiment. Why the gap? One contributing factor is likely the qualitative difference between looking at a chart, and trading that same market in real time. Research shows that when we "experience" outcomes ourselves we pay more attention to the most recent, frequent and impactful outcomes. This does not happen if we get the same information on a chart, from a discussion, or the news.) In his book "The Black Swan", Nassim Taleb attributes peoples 'black swan blindness' (pp.77) to never *experiencing* an event, even if the information is available in some descriptive format (like a chart). There is a similar discussion in the chapter on rare events (ch.30) in Kahneman's book "Thinking fast. and slow" . Lastly, lab studies from economics, finance and psychology provide data for both predictive and descriptive models. These models can be used to predict how personal experience with risk will result in different sentiment that a simple description of the same information. Some of this research is summarized in a Psych-Science paper at: pure.mpg.de Notes: This way they can share the same USD scale and are weighted so that a 1 point change will imply the same change in $ terms. (For weights see: www.barchart.com ). In basketball there is a belief that a player can be on a hot-streak and more likely to score. Despite the compelling belief, statistical studies show it to be false. The same can be said for consecutive sessions in the equity markets. On a whole the market is largely efficient thanks to our relentless effort to remove every last inefficiency.
FX:SPX500
by gb50k
2
SP500 - the best time to LONGIn this analysis, I used several leading indicators - commitment of traders index (CFTS), insiders (Form 4 SEC ) and the greed and fear index (CNN Business). In commitment of traders index I period 19 - it's a middle of 13 (quarter) and 26 (half year). In practice, it is this period that provides the best results (not only on sp500, but also on other instruments). Historically, the chart shows how well this leading indicator performs. At the moment, we have not yet seen a direct signal to buy, but the fact is that we receive a signal with a slight delay (a week), and it is quite possible that we are actually already in the buy zone. And it is quite possible that we will still go to the previous volume zone (around 3600). Next indicator is Insiders data. The chart clearly shows that each increased number of insider buying (more than 150) leads to a subsequent increase of the market. Now the indicator reached 180, so we expect the sp500 index to start growing. Greed and Fear Index is one of the best leading data. And he also shows just perfect results on history! Current values from 7 to 15 are an indicator of extreme fear, and values below 10 start all the longest trends. I do not set the levels where the sp500 index will reach, as they will be dictated by the market, and leading indicators will show a reversal. And only there I will close long positions in order to get the maximum profit from the growing trend. P.S. On the chart, for reasons unknown to me, the arrows for insiders and the fear index moved a little - I hope this will not interfere with understanding the idea.
CME_MINI:ES1!Long
by CapitalizatorUA
7
Bitcoin Moon or Hell10 hours has left before BTC's month candle close, while bitcoin is slightly above its crucial support - previous month close - at $38.5k. Fear & Greed index is at 20 points (extreme fear) Nuclear war treats EU parliament crypto bans Inflation Fed threats rising interest rates & many more are holding the markets in uncertainty & extreme fear On the other side, more countries adopt cryptos as a payment method whales like LFG, Microstrategy bought large amounts of cryptos in April BTC and ETH ETFs in Austria USA, UK and UAE are trying to become global crypto hubs & more. In a technical point of view, if bitcoin closes below $38.5k - next crucial stop is around $35k - whole market will collapse. It's probable, but not certain. Alts are riskier, especially for overleveraged traders. It's a bad idea to open longs or short with high leverage in this levels Crisis brings opportunities. Fear & uncertainty in the market are signs to go long. BE CAREFUL that's not a timing indicator. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:BTCUSD
by Rhaonnor
3
Our Fear & Greed Index shows "Greed" - Sell Greed, Buy FearOur Fear & Greed Index shows "Greed" - Sell Greed, Buy Fear Our version of Fear & Greed Index shows "Greed". The values on Fear and Greed Index range from -1000 000 (extreme fear) to 1000 000 (extreme greed). The zones are separated as follows: -500 000 = Extreme Fear -500 000 - 0 = Fear 0 - 500 000 = Greed 500 000+ = Extreme Greed It can be argued that when the market approaches or is in the "extreme greed" zone, traders are becoming overly greedy and the market is overdue for a correction. Similarly, it can be argued that when the market is in the "extreme fear" zone, traders are being overly cautious and the market will soon reverse. Our Fear and Greed Index gets updated every nanosecond. In order to calculate the fear and greed index, we gather data from 5 different sources: Volume Open Interest Social Media (Reddit & Twitter) Search Data (Google & Bing) AI opinion AI painted the chart using TradingView's native charting tools. Analysis: we used Google ML "Firebase" Toolkit, OXYBITS Space Invariant Artificial Neural Networks. 100% bots, zero humans, DYO before investment.
Short
by Elysian_Mind
1
Is this the end of the bull market?Hello to everyone, I know these are difficult days for some of you – Bitcoin and many Altcoins are in the edge of a free fall – and you are confused what will happen. Was that a bull trap? Is this the end of the bull market? Last days Ukraine – Russia tensions are boosted by media over and over again. News like energy crisis, financial crisis, even an imminent World War 3 are reproduced all over the world and cause panic and uncertainty to most people. Whales control the Media and manipulate the crowd caused fear or greed. Then whales take advantage of situations and buy or sell respectively. Crisis Brings Opportunity. Uninformed investors give them their coins at the lowest prices. Politics is a very complicated game. Do not bet your hard-earned money on bad news or FOMO. Keep calm and let the market shows you what will happen. Let’s take a look at the charts. Bitcoin is trading in sideways for over a year. The crucial support level for a bearish reversal confirmation is at $28.8k. A decisive breakdown and close below that -in HTF 1M-, will signal the end of the primary trend (bull market) and the start bear market. At the time of writing this report, BTC is traded at $40.4k. Earlier today $39.6k support violated. If this level break, price may reach $35 – 33K very quick. Why? Because below $39.6k there are many stop loss order, novice traders will be panicked and some of them will short sell to cover their losses. We are still above the: short term bullish trendline Crucial support $39.6k Medium term bearish trendline The white rectangles on the chart are the most crucial support/demand areas for Bitcoin. If you’re bullish on Bitcoin place your limit buys near there. There is no guarantee that it will hit $35k or $29k again – before the primary bear market. Risk management – Stay to your plan – Control your emotions. The most important of all. If you can’t manage this situation, take some days off with family and friends. Do not overtrade. If you like my report, like, follow me here & on Twitter.
COINBASE:BTCUSDLong
by Rhaonnor
BTC Swing Long to 50kEntering a long trade given that we may be at Elliott wave 4 of 5. Will take profit along the red horizontal lines noted on the chart between 45k to 50k. Fear & Greed indicator reads as neutral and the liquidation levels adjusted for a daily time frame read below the while dotted, suggesting that there's still room in this uptrend before another corrective fractal comes in place. This idea is only valid as long as we hold the white solid trend where the price current sits ~41k and we don't fall under a 50% fib retracement of waves 2 to 3. Trade entry: 41.1k sl: 40k tp: 45k, 47k, 50k
BITFINEX:BTCUSDLong
by linebands
BTC - HaS FRACTAL !!Hello trader, Nice week and profitable deals 💲 Fear & Greed combines FIBO, the mail chart, we mustn't forget that the cartel always lures us into falling !! Movement looks very similar. We have now also arrived on Fear an Greed: extreme fear 10 !! Ich möchte erwähnen, dass alles, was ich poste, nur Optionen und meine eigene Meinung sind! Handeln Sie immer mit SL und riskieren Sie nicht mehr als 1% Ihres Portfolios (max. 3%) pro Trade. Wenn Sie Fragen haben, lassen Sie es mich wissen ➡️Wenn dir meine Beiträge gefallen, drück den Like👍👍-Button, kommentiere oder folge mir.⬅️ Danke für das Lesen meiner Ideen, Trade save !!
BITMEX:BTCUSD.P
by TR7z
4
BTC/USD - Fear & Greed combined FIBOS !!Hello trader, Nice week and profitable deals 💲 Fear & Greed combines FIBO For the future, we should note when in the heights, F&G shows a double top (see last 2 examples) highest willingness to be poor The bottom was mostly found at F&G 10 ‼️ IMO is BTC in a 4h channel and contests the 1D MA200. Intuitively, I would assume a recovery. But this will only be confirmed when we break the channel ‼️ Here is a look at all divergences! 1D - 4h - 1h - 15min ‼️ This logscale post works perfekt ( Channel ) FIBOs, in yellow, act as resistors Support should be provided by the current lows, 0.786 and 0.887, where my BUY ZONES are ‼️ My SL is below 29k, line in red I want to mention that everything I post is just options and my own opinion! Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade. If you have any questions, please let me know ➡️If you like my posts, press the Like button, comment or follow me Thanks for reading my ideas, Trade save !!
BITSTAMP:BTCUSD
by TR7z
11
BTC - FEAR AND GREEDHi all, BTC reached the same price today like a one year ago. So if your investition in 8.1.2021 was 100K - your balance is still 100K today. If you invested whole year every month 10K (DCA method - dollar cost averiging). You average purchase price is +- 47.5K. So DCA method sent your balance to nearly -13%, around 87K. But this post is about FaG index which 8.1.2021 was 93 and today 8.1.2020 is 10. How the price react on the tops and bottoms of FaG? What we can expect next days/ weeks? Structure from May to July looks similary like structure from November till today. There was two times 10 points reached of FaG in few days. Now we have FaG 16 and 10. It looks like the bottom should be soon (if not reached yet). Can we expect start of bullish moves? Yes - we can. But we have to be prepare for all variants of moves. Here we are some of them: 1. Bulls take a lead if 52K+ and hold above (bulls area). 2. Bulls trap - we hit 47K - 52K and move back to 40K-30K (bears area) 3. Consolidation between 40K-52K longer time (neutral area). 4. Bears trap - move under 40K (bears area) and go back to neutral area and higher. -- After I checked all markets, dominantion, alts, ... My opinion is that we are somewhere close to bottom. I can´t say that we can not go lower. But if yes I think that will be just bears trap. At the same time I can not say that we are heading 80-100K. Next months give us solution. If you are HODLer - nothing change for you. Just buy the dip and wait for your life target which have to be known. If your are trader - prepare yourself by learning of TA, money management, RRR, patterns and psychology. Never loose your money. Use SL in every trade what you do.
by LbL_CZ
2
😱Fear &🤑 Gread Divergence with BTC ,will return❗❓Whats up guys , how is it going with bloody market again . I had some Idea that i would like to share with you.. This was the first time since July 21, 2021, about 6 months ago, that on January 8 2022, the fear and greed index reached its lowest level of 10 . Whenever it reached this number, we usually saw an increase in the price of bitcoin in this situations . And now what I have just realized is that with the sharp fall of yesterday, do not be afraid of the drop market again as much as before , and there is a divergence between the price and the index of fear and greed, which I think the signs of a rise in my opinion should gradually appear . source: coingecko -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
by PRO_SMART_Trader
Bitcoin : Buy the Fear & Sell The GreedBitcoin lately has been testing Patience of many traders and making holding longs way more fearful for many Traders. I would like to Represent "The CONTRARIAN VIEW" for BTC in this Analysis. --------------------- TWO BASIC GOLDEN MANTRA's in TRADING --------------------- Before starting anything, I would like to discuss Two Concepts in Trading that are like Golden Mantra's or Golden Rules of Success in Trading. Those are :- >>>>>> Buy Low, Sell High <<<<<< OR >>>>>> Sell High, Buy Low <<<<<< Although, These concepts seem very simple & easy to interpret; But, These "BASIC" concepts are "EXTREMELY" hard to execute. Some call them luck, Some call them Skill. Some call them... Probabilities . ------------------ Social Sentiment & "BUY THE FEAR" View Explained --------------- 1) If we look at Social Sentiment & Market Sentiment, it has been bearish for last 3-4 weeks now. From last few days, Majority of the Retailers have turned "BEARISH". & They are looking forward to sell the Rallies at this point. 2) Please Ask yourself a Question, Would whales short at this point ? Probability is very Less that at Such good Support Level Whales would Sell their BTC and SHORT BTC. 3) Using Fear & Greed index, It can be observed that We are currently Sitting on EXTREME FEAR in Crypto Market. So, IS IT "NOT" Supporting One of the CONCEPT GOLDEN MANTRA OF TRADING, Buy Low & Sell High ? Also, Isn't it very LOW RISK at this level to go Long ? ---------------- My Reasons to be Bullish on BTC & Crypto Market for Short to Mid Term ------------------ 1) Double Bottom : 2) 2-Day Timeframe Bullish Divergence : 3) 4-Hour Timeframe Bullish Divergence : 4) Not so Good looking Falling Wedge :- 5) Hourly Timeframe Demand Zone Retesting : 6) 8-Hour Timeframe Look on BTC : Considering all of these Abovementioned Reasons, I, personally, am long on BTC & Crypto for SHORT-to-MID-Term. However, if i am wrong, and then for me, Invalidation Point is 39.5-40k : This by no means is a financial advice. This is just my personal view and despite i am right or wrong, Trading is a game of Possibilities and Probabilities. Thus, my view is Bullish for BTC for now and for upcoming few weeks. Market likes to teach us a new Lesson everyday. So, i am happy to be wrong if that is the case. Rest, enjoy everyone & Trade Safely.
COINBASE:BTCUSDLong
by StunnerStock
5
BTC Bitcoin: Fear & Greed Index InsightHello friends, today you can review the analysis on the 1D (daily) linear scale chart for Bitcoin (BTCUSD) showing the dates since February 2018 of when the Fear and Greed Index score reached a 10 as it did recently on January 8, 2022. You can use this to review how the historical price reacted to this score afterwards. The Fear and Greed Index can be reviewed on: alternative.me What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
11