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Daily Bitcoin Update - Move lower as expected | ECB HawkishEvening all, Full TA in the video as usual. Some notes: - Bitcoin clinging on to the lower trendline of the rising wedge we have identified. - Look for support levels on a breakdown - $16919 is an important level - The breakdown measure move is around $16374 - If we do break down past $16919 look for a bearish retest and a possible short opportunity - Daily Indicators - Stoch RSI, RSI and MAC D looking bearish. If the MAC D crosses down we could see some strong movement down from Bitcoin. - Major stock markets are all down today - SPX, ES1 and Nasdaq (the ones that we follow) - USDT dominance increasing suggesting that traders are moving back into USDT - DXY also on the move after testing major support - if the DXY increases, Bitcoin generally decreases - Keep an eye on your alt positions. With BTCD increasing and BTC decreasing - Alts are getting REKT. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSD
by BPOI
2
BTCUSD Cost basis indicates current mid-pointBTCUSD cost basis indicates that potentially the downside target is just over USD 12k, with upside of the range currently around USD 24k. This analysis's is based on 75% of BTC current supply (being around 80% of 21 million) can be traded and around 20% of that supply is more active than HODL or cold wallet volumes. Whether 60% or 75% numbers are used, the lower support line is still around the USD 12-14k mark. Realised profits and loss calculations indicate that volume shifted in BTC has been due to storage and not profit/loss realisation and exit out of BTC. The point being that a potential low is forming, but we are not quite there yet.
BITSTAMP:BTCUSD
by Adam-Cox
Bitcoin and cryptos - time to bail? too late? safe haven?This custom chart that I post periodically continues to have excellent TA. Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed. The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos. BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years. So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals. But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;) Good luck out there everyone!
TVC:GOLDLong
by greenvention
1
BitcoinI know a lot has been going on in the world, but Bitcoin has been showing unusually high volume with usdt pairs as opposed to usd pairing. It can get interesting coming up to this line here with volume and divergence after being mostly sideways since June. Of course, anything is possible here. We could reject and continue down, break this trend and continue sideways, but I like the idea of meeting back up with that 200EMA and see what attention crypto can get while the world is in need of something financially positive. Let me know what you think.
Long
by fuselol
1
Revisiting my theory on GME FTDs creation through TTTHello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself. Kenny G, ain’t no stoppin’ me. Cant stop. Wont stop. GameStop. Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I’ll inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you Check out my other great topics about this same idea. GME to the moon Not financial advice. Also I’m 100% on my calls so far, in terms of success, if that means anything to you analytical people.
AMEX:TTTLong
by Trexarch
ES could catch a bounceA few factors in this trade: ✅ Friday showed a nice bounce off the 3853 support level ✅ Bullish divergence on the MACD and RSI daily charts demonstrating seller exhaustion ✅ Wonky inverse head and shoulders and descending triangle could play out. Two price targets on this one with a defined stop at 3842 (giving that 3853 level some room to breathe). Hoping we can get up to fill the Weekly gap on the futures charts, create another lower high, and continue with the macro downtrend.
CME_MINI:ES1!Long
by anAirdrop