Key Signals Point to a Bitcoin ReversalCurrently, Bitcoin's price is hovering around a strong support level in the short term, and we're seeing early signs of a potential reversal pattern, possibly forming a macro (inverted) head-and-shoulders setup. Based on other technical indicators, this region between $47k and GETTEX:54K is likely to attract significant buying interest, positioning it as a key accumulation zone for long-term holders and institutional buyers alike.
- The only thing that could stop us now is a recession, but do you think that will happen?
- How many times we saw fud lately for Bitcoin, but also stocks?
- Is there volatility and fear in the stock market, yes.
- But when we see extreme fear. What should you do?
.. I'm loading heavily on these levels.
Let me explain once more the bullish fundamentals that should bring us above the ATH neckline:
Institutional Adoption: Large financial institutions, hedge funds, and corporations continue to accumulate Bitcoin as a hedge against inflation and as an alternative asset class. This influx of institutional capital is providing long-term stability and driving up demand.
Increasing Scarcity: With Bitcoin’s fixed supply of 21 million coins and a decreasing issuance rate due to halving cycles, the supply-demand dynamic is highly favorable. Each halving event further reduces supply growth, which has historically led to significant price increases.
Inflation Hedge & Store of Value: In times of rising inflation and currency devaluation, Bitcoin is increasingly viewed as digital gold. Its decentralized nature and limited supply make it a prime candidate for capital preservation in an inflationary environment.
Network Growth & Hashrate: The Bitcoin network's hashrate continues to hit all-time highs, signaling growing security and miner confidence. The expanding user base and increased global transaction volume further indicate that Bitcoin adoption is accelerating worldwide.
ETF Approval: The potential for the approval of Bitcoin ETFs in key financial markets like the U.S. could lead to a massive influx of retail and institutional investment, further boosting liquidity and price discovery.
Global Geopolitical Instability: Bitcoin is gaining traction as a hedge against political and economic uncertainty, with increasing use in countries with unstable fiat currencies or restrictive financial systems.
FUD
FUD: Tesla Sells BTC - My Bitcoin Buy ZoneFUD NEWS FROM ELON MUSK: Tesla sells off $1.5B USD worth of Bitcoin. Elon Musk "needs cash" but "will buy Bitcoin again" someday.
This news has caused a panic dump but I remain bullish. $1.5B sold out of the over $430B Bitcoin market cap is only around 0.345%. Not an impressive number. The dip is purely FUD. Elon Musk has a lot of sheep following his moves.
Although I remain careful not to buy within the first 3 days. FUD can be powerful.
I used Heiken Ashi candlesticks to highlight the fact that we are still in a bullish market from a weekly perspective.
1 BTC = 1 BTC
HodL
This is not investment advice.
BTC Binance FUD - 20k or Bear-trap?Bitcoin has fallen over 6% in mere hours after the announcement that one of the largest crypto exchanges, Binance, is being sued by the SEC. Now seems the best time for me to put in buying orders at certain support price levels.
I see three Scenarios:
1.The news that SEC is suing Binance will have no short term aftereffect on the Bitcoin price. The price will recover quickly. This seems unlikely based on negative historical BTC events, which are usually followed by heavy panic selling and bear whale market manipulation. I expect the price to be pushed down lower than here. No Plateau continuation likely.
2. I expect the price to be pushed by the bears, towards the Golden Ratio of the Fibonacci Retracement, at which point we will see a hard support level. At this point, the FUD has been likely exhausted and the bulls are back in play. We might Plateau here for a while at 24-25k (+/-0.3k). High probability scenario.
3. We see more/new FUD, which sends the panic selling into overdrive. The Golden Ratio support does not hold. The BTC price will take a hit and I expect this will push the price down to the low 20k's (+/-0.3k). Unlikely, but possible scenario. Next support level will be at 20 - 17k.
Essential Trading Terms for Crypto TradersGreetings everyone!
Here are ten crucial terms every crypto trader should know:
ATH - The highest price ever recorded. It represents an asset's peak value and often signals potential profit for early investors.
ATL - The lowest price ever recorded. Breaking ATL can trigger further price declines, leading to potential buying opportunities or increased risks.
ROI - Measuring investment performance. ROI helps assess the returns of an investment relative to its initial cost, aiding in comparing different investment options.
FUD (Fear, Uncertainty, and Doubt) - Spreading fear and misinformation to gain an advantage. Recognizing FUD is essential for avoiding emotional trading decisions and whales trap.
KYC - Verification of customer identity for regulatory compliance. KYC ensures that trading platforms adhere to regulations and prevent money laundering.
AML - Regulations to prevent money laundering. AML measures make it harder for criminals to disguise illegally obtained funds as legitimate income.
DD - Conducting due diligence before making investment decisions. DD involves thorough research and analysis to assess potential risks and rewards.
DYOR - Doing your own research and verifying information. DYOR is a fundamental principle for successful trading, emphasizing the importance of independent research.
FOMO - The panic-driven urge to buy or sell an asset. FOMO can lead to impulsive trades and is often seen during bull markets later stages.
HODL - Holding onto an investment for the long term. HODLers believe in the potential for long-term gains and resist short-term price fluctuations.
Understanding these terms can help you navigate the cryptocurrency communities more confidentl. So, remember to DYOR, stay vigilant about FUD, and consider your HODL strategy while keeping an eye on ROI, ATH, and ATL 💜💜
Possible local bottom for BNB after numerous regulation FUD?On the daily timeframe BNBUSDT seems to be in a nice position to turn bullish.
• First of all, if we look at the BRS (the green/blue bands close to the price), BNBUSDT moves in the bullish range for the last two weeks.
• Furthermore, we are close to a vital level confirmed by a support zone around the $200-$220 price level which is also its 52-week all-time-low level as shown by the green doted line from the BPI.
• Looking at the oscillator, the Blockunity Strength Oscillator (BSO) indicates that the Confirmed Reversal Indicator (CRI) is oversold, as well as the Parabolic RSI (PRSI). Both are under their lower barriers. The signals re-entering their boundaries could trigger a strong bullish signal.
So we would advice to closely look at the price action of the BNBUSDT asset, while keeping in mind the news regarding Binance and their regulatory issues which could trigger violent moves in both directions.
What are your opinions? Do you see theses levels as a good entry point to trade BNB? Let us know in the comments!
📊 Popular Trading Terms CheatsheetThese are some of the most common terms you will hear around social media and often see them mentioned around trading related content. The best advice is to trade what you see in your chart, not the psychological noise of others
📌 FOMO
Fear of missing out is a common psychological event, especially when it comes to trading. You see prices go up and you feel guilty that you didnt enter on a trade and you missed that sweet 10-20% profit. The worst thing to do is be careless and enter a trade while the move has already happened. Trading is about patience and having a plan to execute. If you missed the move, you wait for the next one.
📌 FUD
Fear, uncertainty and doubt, usually spread by people that have zero idea of what they are doing. Very common observation around trading communities where they grab a headline and make it as if the world is going to end and everything is going to zero. Classic example is the whale alerts where they see big numbers of USDT moving from wallet to wallet, saying "dumb is coming sell everything". It never comes. Trade the charts not what clueless people have to say about it.
📌 HODL
Hold on for dear life, basically doubling down that you made a good trade and you should stick with it even if you know for a fact your entry was invalidated. If your plan is to day-trade and not "invest" into an asset, you should consider not hodling on losing trades. Depending how volatile that market you chose to trade is, you could hold into trades that can potentially wipe your whole account while copping with the fact that "it will get back to break even". Risk management is key, if you holding a losing trade which you invested more than 1-3% of your portfolio into it, you're already doing it wrong.
📌 MOONING
Price is actively increasing, the paradise of only up never down. A classic observation of moonboys and how they think price has only one direction. It doesn’t. This psychological state can be referred to as Euphoria and Greed. There is nothing going one direction so make sure you're a guard of your own mind and not let people like that influence what you actually see in the charts.
📌 WHALE
Wealthy investors who have enough shares of an asset to manipulate it. Basically people that bought early and cant wait for the next hype to dump their bags on new investors. Very common on the crypto world where people that bought before the hype happened, sell when the liquidity allows for it.
📌 ATH
All time high, basically the price of that asset has reached the highest it has ever been. It can have a powerful psychological impact on market participants because it makes them optimistic and over confident. If you're buying an asset that just made an ATH you add liquidity to the early investors of that asset.
📌 SHILL
Best observation of this are people promoting sh*tcoins around social media just so they can run their pump and dump schemes on their followers. When you see a "crypto" account run "airdrops" and "we will tell you the next x10000 pump coin in 10 mins" they aren't trading and you're already participating on their schemes by giving them engagements to promote what they are doing. Stay away from anything related to that, it doesn't exist.
BULLISH
The classic investors that always gonna double down that for example Bitcoin will go to 300k this year and long every dump of the market. It's never good to be doubling down on which direction the market will go then constantly long all day over a certain period of time if you're actively day trading.
📌 BEARISH
The opposite of bullish. They will tell you they will go long on Bitcoin once it gets back to 1k. Doubling down that the whole market will crash to that extend and shorting every pump. Trade the markets and what you see, having a bias such as this will likely get you rekt before you manage to see any major move to confirm your years long bearish take.
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Bitcoin falling on the Binance FUD! Bitcoin and of course all other cryptos taking a hit because of the SEC and Binance FUD!
S&P500 still making its way up as the crypto market suffer...
This could easily just pass by and BTC start heading up again as the FUD settles...
but who knows, keep an eye on Bitcoin. <---
We got FED rate announcement on June 14th so be ready for some moves in the market...
BTC may just range sideways till then...
Crypto is under attack in the US but we have to trade what we see on the charts!
Good Luck Out There!
Daily BTC 4HChart - resistance and supportHello everyone, as most of the interested have already heard BTC has a very busy network, so we will check what to expect in the coming hours. As you can see, the price is moving below the downtrend line.
Importantly, the price is holding around an important resistance at 0.618 FIB, while the next significant support is at $ 26858, which is seen to have held the price before, followed by a third support at $ 25984.
Now let's move on to the resistance line, as you can see the first resistance is $ 27971 which is likely to be attacked by btc again, the next resistance will be $ 28377 and then we have a strong resistance zone from $ 28711 to $ 29221.
Looking at the CHOP indicator, we see that there is still energy for the next move, in addition, the MACD indicates a transition to a local downtrend, and the RSI returns to the lower part of the range, which may indicate that we may see an upward rebound in the short term. However, in the long run, the price may be pulled down.
The curious case for a $28 VIX trip... FUD about to hit markets?FUD FUD FUD, Fear, Uncertainty and Doubt. The 3 letters every trader on the street should know. No matter if you are dealing with Cryptocurrencies, Stocks or Forex, no one wants to wake up to an overnight position hit by FUD.
The VIX has long been known as the leading indicator as to the sentiment of the markets. It is known as the fear index and right now it is unreasonably low compared to recent history and current events. I mean we did just arrest our previous President and current candidate for President. Away from politics we also found ourselves in a currency war with the BLOC using the Chinese Yuan for settlements over the US Dollar. Well aside from economics, we still are funding our ongoing proxy war in Ukraine with the only other 2 superpowers on the planet. Well, Away from politics, economics, and war.... Oh wait, yeah the data on our economy came in pretty meh (not impressive).
So why in the world would the VIX be representing so much strength? Careful, you are starting to think for yourself and our TV overlords don't like that so much. But you are starting down the right track.
The VIX should be easily in the low to mid 20's but instead its flexing at 19.01?!? For reference the 50 Moving Average is 20.63 and the midline of the current Bollinger Bands is 22.04 with the low band being 16.83 and the high band being 27.25. If I was thinking about the next few weeks I would probably think that our world right now is providing significant enough risk to justify a trip northward towards the midline @ 22.04 but actually even higher to the high band of 27.25. Recently we touched 29 multiple times in recent weeks but immediately rejected and shot down to the 19.01 where we sit currently. Rejecting off a ceiling once, twice and even sometimes three times is common but I probably wouldn't need very many fingers to count the times an Index pegged a ceiling 4 times and didnt break through it significantly.
The market has stayed propped up on hopium for long enough and now its time to start pricing in reality. All is NOT well. I don't view this as a doomsday scenario at all but we need to move closer to reality. I see 28 as a start, it would signify the markets beginning to accept reality and no longer rely on the Buy the Dip hopium that retail investors bankrupted themselves on over the last 2 years.
$28 Vix is what i see coming.
Just documenting my own thoughts from my own charts. Dont mind me. Most likely not a human anyway.
Has FUD ended?Sunrun has been sold heavily after the news about SVB. I think FUD affected SUNRUN heavily. The chart is showing that we are at the support. Summer is near as well. We may see a recovery from here. Targets would be 24 and 28. Then breaking the wedge would be hudge!
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Precious Metals are flying, let me help you find an entryGood morning fellow traders,
With Silvergate and the Silicon Valley Bank collapsing last week, the new week will likely bring a lot of FUD and scare-mongering in the markets, fulling further macroeconomic uncertainties. As asset classes have all been trading lower in the past year, inflation is increasing to new all-time highs, and war waging in Ukraine, retail investors have already had a tough time keeping their money safe, now even the banks are collapsing, exposing even the banking sector to market risks. It is tougher than ever to keep your money safe, where do you store your values?
Understanding the macroeconomic factors, it makes a lot of sense to look at precious metals, to diversify your portfolio but also for trading. I like to trade in the same direction as the fundamental economic principle of an asset is applied. Precious metals have historically been a hedge against uncertainty and inflation, and with the downfall of Silicon Valley and its flagship banks, there hasn't been a better time to look at the shiny metals. Also, Gold and Silver have been trading in their respective ranges for more than a year now, being oversold as we speak, with all that in mind, let me help you find an entry for this potential trade opportunity!
Silver presents itself with more clear entry points than Gold.
Here is my Game Plan for Silver:
- Further consolidation around the resistance of 20.85
- Clear push above 20.85 and nearly touching 21
- Pullback onto 21.90
- Further consolidation of price between 20.80 and 20.95
- Entry upon price going through 21
- Stop: 20.6
- Target 1: 21.3
- Target 2: 21.9
I will be trying to skim most of my profits on Target 1 as precious metals did not have an easy start into the year and I am not 100% convinced so far that retail investors will panic into precious metals in a big way, for that to happen, we need a big bank going under in my opinion. But we could catch a move of spooked investors trying to save their money from further downside in the legacy markets.
With all this FUD in the markets, it is more important than ever to understand why checklists for trading are important to have, they prevent you from entering the market at the wrong moment. Be sure to follow me on my Tradingview for more checklists and ideas coming up this week.
Please like, share, and subscribe.
Have a great day champions!
Best
CH
BTC 15m Head and Shoulders FormingH&S developed the top of the right shoulder. Based on the current sideways action, it could be invalidated soon, but we also need to consider a current FUD around USDC. A price target is in the low 19000s, Which corresponds with yesterday's invalidated double top formation.
BITCOIN Falling on Kraken News to stop offering StakingBitcoin falls as the Kraken news is out.
Kraken has paid the SEC 30M in fines because they were offering securities through staking, they will no longer offer this.
More new to come out as an "Announcement" is awaiting to hit the public. There has been speculation that there will be some Crypto regulation announced soon...
Keep an eye on Bitcoin as the price action will reflect the up and coming news.
Good luck out there!
Short and long idea for $BNBUSDT Easy to understand drawings for both the plays.
I believe in Binance and the fud causing the dump is just a test of Binance Foundation and i think they will survive this.
Level by level play is only safe i feel because theres lots of liquidity pump and dump happening.
I'm currently long from the below level with stops BE, if i got stopped i will wait to let price action develop to take further action on it.
Stay Safe, DYOR!
-Frisco
BNB testing the weekly 200 average📈 On the weekly chart the price is testing the exponential 200 average
🚨In case the scenario continues to be bad, the price could retest the bottom in the blue 🟦 region, going at $ 183, in a 27% drop.
🚨🚨 In an even worse scenario, it could test further down the 🟩61.8% retracement (between $150, $117) and 🟨50% retracement (between $100 and $67).
📈Looking at the daily chart, if the price breaks the orange 🟧rectangle that goes from $250 to $260, we could have a return to the average of 200, at the price of $300:
📰🤥News, FUD, and my reflections
Amidst FUDs that the exchange is not able to honor customer withdrawals, and about the disappearance of the audit firm, the token was one of the ones that dropped the most against tokens from centralized exchanges:
💸 Because of this, there was a record of withdrawals, and this moment is proving to be a great stress test:
📈However, as I analyzed above in the chart, everything is still normal, and even if the price drops further, it would be a perfectly normal correction.
Also, exchanges earn from transaction fees, not the price of tokens.
💬 The narrative of the traditional market and the mainstream media is that 'It is necessary for exchanges to prove that they are capable of honoring cryptocurrency withdrawals'.
🤔 So I ask them the question:
❓Are banks able to honor cash withdrawals?
👨👨👧👧Population: Take a test and withdraw all the money. Now.
🚔See if a war tank appears to protect the bank...
🤡 The difference between Credit Suisse and Binance is that Credit Suisse can break because the government protects it.
I think this is all one big narrative to manipulate the price.
Or an ideal pretext for creating regulation, and for banks to have a monopoly on controlling money.
🟪 #DOT/USDT - Short Scalp Opportunity🟪 #DOT/USDT - Short Scalp Opportunity
• 🐻 Strategy: Short
• 👉 Exchange: Bybit
• 👉 Entry mode: Market order in range
• 🚫 Stop: 5.29 (-34.2%)
• 💰 Entry: 5.115 ⌁ 5.166
• ⎿ Current market price: 5.105
• ⎿ Target 1 : 5.06 10.8%
• ⎿ Target 2 : 5.009 20.7%
• ⎿ Target 3 : 4.96 30.3%
• ⎿ Target 4 : 4.906 40.9%
• ⎿ Target 5 : 4.856 50.6%
#BNB - Could be dropping hard soon#BNB - Could be dropping hard soon
Looking like continued bearish pressure is likely on the cards for BNB - if we lose this key support then a rapid drop is expected.
Key Factors
- Alot of FUD around Binance atm
- Rejected again from the 200 DEMA
- Losing this key support will see a bigger drop
- We always see continued downward pressure as we break the RSI 30