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Breaking the Downward CurrentAs I said a few days ago, I noticed that the weekly RSI was starting to turn and predicted that Bitcoin would regain traction and test $50,000. We are seeing this now.My laser show of lines is starting to make sense. The next hurdle will be around $53,000 to regain a psychological win at the $1 trillion market cap. Momentum is continuing to pick up pace on The Daily indicators, and the only lags we should be seeing is that these milestone resistance levels. I imagine we will be visiting the ATH by New Year's. In the meantime, Alt coins are getting some much needed attention. Happy Christmas (etc) and Happy Trading!
BITSTAMP:BTCUSDLong
by ajtuxworth
BITCOIN - Christmas Tree Pattern!Hello TradingView Family, this is Richard, and I want to wish you a Merry Christmas. Hope 2022 will be the best of all! I want to thank each and every one of you for being awesome. I found BTC chart interesting. According to the pattern, we are waiting for a break above the right shoulder for the bullish impulse movement to start; knowing that we can still see one more bearish leg before the break. Will history repeat itself by 2022? What do you think? Good luck everyone and thank you once again. Have a blessed season! If you reached this far, allow me to share a Christmas poem I wrote a couple of years ago. Hope you will like it. ~~~~~~~~~~~~~~~~~~~~~~ Christmas is coming Let’s pause for a while To think about everything And go for the extra mile Christmas is on the door A homeless kid is freezing Would you let him sleep on the floor? Or give him the hug of healing Christmas is getting colder A lonely grandpa is sad Wishing for a crying shoulder To forget the pain he had Christmas we just can't wait A father needs medical care Hurry up before it is too late Show us that life is fair Christmas is all about gifts That can't be bought with money Do good, so your soul lifts Instead of feeding your tummy Christmas here is my wish list "Hope, Happiness, Love and Faith" Make the world feel you exist By drawing a smile on everyone's face Christmas we need to talk People are not getting you right Christmas is an everyday walk And not just for one night ~~~~~~~~~~~~~~~~~~~~~~ ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
158
YFI Starts New Bullrun!Yearn.finance (YFI) crossed above the 200-day simple moving average, which indicates the start of a new bullish trend. This is the first daily breakout and close above the 200 SMA since the September failed attempt. High Trading Volume Other technical factors add more confluence to the bullish case scenario, like the rise in the trading volume, which signals buying pressure. If we compare the volume readings from today with September’s readings, we can see a notable increase in the trading volume. This is the main reason why todays’ breakout above the 200-day simple moving average has more potential to see follow-through. RSI Positive Momentum Additionally, we have supportive bullish momentum behind the recent rally, confirmed by the RSI momentum readings above the mid-level 50. We can expect more bullish momentum moving forward if the RSI oscillator stabilizes above the 50 level. Looking forward: The first resistance level comes around $45,000. However, before that, the big round number of $40,000 can also pose a challenge for the bulls. On the downside, the 200-day simple moving average, which currently stands around $33,000, should act as support.
Long
by cryptohopper
1
$BTC YOLO? HODL? 37k?-77k? BULLvsBEARBTC daily chart looks like it is having a breakout from a wedge pattern first price target is at the .386 fib retracement 2nd PT around 55k at the 50% fib and also the 50 day moving average if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k Neutral/Bullish above the 200MA bearish below extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
Long
by bmoneytree
1
BITCOIN - Stay Strong!From a long-term perspective, BTC is still overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines. The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of green in blue (40k zone) and the lower brown trendline. As per my trading style: I will be waiting for BTC to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
31
SAND - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. SAND is overall bullish and now approaching a strong demand zone in green so we will be looking for buy setups. on H4: SAND is forming an inverse head and shoulders pattern, but it is still an idea. Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, SAND would be overall bearish can still dive inside the demand zone before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SANDUSDLong
by TheSignalyst
25
CAKE - Who Wants A Piece?Hello everyone, if you like the idea, do not forget to support with a like and follow. CAKE is sitting around a strong support zone in green and round number 10.0 so we will be looking for buy setups. on DAILY: CAKE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
18
YFI - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. YFI is sitting around a strong support zone in green so we will be looking for buy setups. on H4: YFI is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, YFI would be overall bearish can still trade lower till the lower green support before going up. In this case, we will be looking for new buy setups to form. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
24
Bitcoin Tumbles from Fed RallyBitcoin has sold off from the relative highs it saw from the Fed rally. We wavered just below $49.7K, where we voiced skepticism at higher levels yesterday. A red triangle on the KRI suggested strong resistance just under this level. From there we retraced almost the entire move, finding support just above our level at $46.2K. We should see support at $46.2K and $45.6K, with $45K likely a floor. But we emphasize that this is normal crypto behavior for this time of year and the best investment strategy might be to accumulate at these lower levels. The Kovach OBV has leveled off and ticked down with the selloff, so we will need stronger momentum to come through to test higher levels gain, with $48.2K and $49.7K being the next targets above.
BITSTAMP:BTCUSD
by quantguy
ETH - Possible Road Map!ETH is overall bullish trading inside our orange channel, we will be looking for Trend-Following Buy setups since it is sitting around the lower bound / orange trendline. As we see through the two previous examples, ETH seems to be repeating itself. A big impulse movement, followed by a correction movement marked in red channels before the next impulse to start. We are currently in the correction and waiting for the bulls to take over again. As per my trading style: I will be waiting for the bulls to take over again by breaking above the gray area and red trendline to buy. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
26
BTC BITCOIN IS SURFACING FROM THE BOTTOM. AIM TO 100K???Oh, how is it, boys and girls? In my last post i tried to calm you down saying that crypto is in a quite strong accumulative zone so we should not panic. Now, with more conformation, i can say that it is definitely going up. Here, i wanna show you our current situation and our potential price action. ▪️While I was analyzing the chart, something interesting was noticed. Pay attention to September 20th - 28th. Here, i have observed this area with price action and a saw a huge Re-Accumulation. I have decided to put it on a chart. Guys, now, follow my idea. Look at September 21st. Here, we can see something that looks like a re-accumulative-spring. Here the show starts. Look at the next price action. Yep, we see an accumulation. But we will get back to this zone again ▪️Moving forward. So, we saw a great momentum and great price action.Then BTC started shooting to the freaking moon: everybody is happy. But, the gasoline is getting out and big money starts a new game called "Distribution". While everybody was observing RSI and Stochastic , institutions pressed the button. (Note: guys, i put everything on a chart. If you have problems with understanding, please, ask me in the comments. I will be happy to answer 😉 ) After that, supply zones, liquidity took part in the price action. And we had a re-distribution. It wouldn't be so strange unless one small thing...accumulation. "Well, it is clear accumulation..." that what i thought and that was a huge mistake. I totally forgot about the macro structure, about orderblock on 40k level (or you may also consider it as a LPSY), IPA and absence of a clear BOS. Thus, we had a fake accumulation which was a trap. And, as you already know, we fell down. What about now? Well, guys, we are moving in a this range and i put some wyckoff elements on a chart. Speaking the truth, we are already in an C-stage. I would say that we have a strong accumulation with taken liquidity up in UA zone. In December 13th we saw spring and consolidation near this zone. Today we have seen a clear movement to the OrderBlock and LPSY zone with high volumes in the candles, showing the interest from the buyers. And just a small cherry on this cake. Right when we needed a strong bullish and positive news, FRS made their statement about the stimulation of economics and inflation , and the price went high now. My opinion: We have constructed a great foundation for a huge uptrend with possible ATH . If you are in position, keep hodling it! If you are considering to buy BTC as an investing opportunity, this is also one of your last chances before the major move up. Thank you so much for your support and activity. 🥰 Write your opinion in the comments)
Long
by Quantedyth
6
Bitcoin's Bull TrapBitcoin saw a meager rally yesterday after finding support at $46.2K. What many thought was a pump, was a typical relief rally off low liquidity, that simply brought us back to our level at $48.2K. A proper rally should have at least tested the $50K handle. Bitcoin does look persistently weak, with choppy low liquidity trading continuing to plague the market. We really need to see some larger momentum come through, but even Musk's tweet yesterday about accepting Dogecoin at Tesla was not enough to budge the market. We are seeing a slight bull divergence in the Kovach OBV, which is drifting up. But $48.2K is proving to be a hard level to crack. If we are able to break it, then watch for resistance at $50K again. This is the level to break if we want to start trekking up to highs again. If not, we have support from a cluster of levels in the mid $45K's.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin DUMPS!! What Now?? 😱Bitcoin slid further into negative territory yesterday, which came as somewhat of a suprise for many, but our readers should have been prepared. We have been alerting you about the weakness of each rally, and have been identifying downside targets for some time. The fact that BTC was consistently unable to break $50K in addition to the technical weakness (as measured by the Kovach OBV), along with lack of liquidity and choppy trading are all crypto DUMP signals. To be honest, the dump wasn't even that bad, compared to the extent of the selloffs we have seen in crypto in the past. We found support at $46.2K, and appear to be finding footing here. The next level above, $47.4K is providing some resistance, where it once gave us support. It is likely that Bitcoin will feel out the high $46K-$47K range before making another move, but if it dumps again, we have two levels in the $45K handle, then $43.8K and $43.1K. If we catch a rally, we could easily hit $48.2K, then $49.7K. For now, $50K seems to be a hard upper bound and we will require significant momentum to even test it again, which does not seem likely in 2021. Stay tuned for another longer scale commentary on what we can expect for 2021 and the beginning of 2022.
BITSTAMP:BTCUSD
by quantguy
2