BTC/USD (Test 53k Swing Top?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is looking good today after a bullish retest on the S/R level
-The chances to retest the 53k recent swing top is highly probable now
-If BTC reaches the 53k level, we will have to observe for any price reaction
-If the price will go higher or faces rejection because the sellers might re-enter
-There is always a risk to consider if you have any position opened
-I'm currently in a big win trade and small loses
-I'm always keeping my losses small and keeping my winning trades hit my targets
-This is how I become consistent in this environment
-I want everyone to follow the same and please risk management is very important
-Alright, stay safe, and good luck everyone!
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TOTAL2
BTC/USD (Bullish Weekly Candle?)💎Technical Analysis Summary💎
BTC/USD
-The bulls showed their strength back after confirming the 40k dollar new key support
-The 40k dollar zone is a confluence of multiple factors like the S/R level, 50W MA, Fib 0.618
-This weekly candle is about to close in 3 hours, if this one closes above 46k that is a good sign
-A potential upside continuation up to its recent swing top around 52k dollar
-This will be an exciting week for the crypto space as I can see the market is back
-I am currently into swing trades right now and will add more to my positions soon
-Good luck everyone and make sure to plan your trades
⚠️Please always read the description⚠️
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BTC/USD (Bullish Pattern Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Finally, the bulls showed up after a double bottom reversal pattern is confirmed
-This pattern is also a confluence of a descending bullish channel
-Which is trading in the key area of interest around the 40k dollar zone
-Currently, BTC is testing the mid resistance level at 48k dollar
-If the bulls will continue to go higher, the next stop is the recent swing level at 52k dollars
-Congrats for the bulls today, all they have to do is to consolidate and stay above 44k to stay strong
-I'll start looking for coins that haven't move any significant or are ready for a potential upside reversal
-Stay safe and good luck everyone!
⚠️Please always read the description⚠️
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BTC/USD (100D MA Acting Support?)💎Technical Analysis Summary💎
BTC/USD
-Every time the price goes above 44k dollars, the bears always enter the market
-We can see two downward trendline resistance which is acting heavy in the short term
-The only good thing right now is BTC is holding the Fib 0.5 and 100D moving average
-We will soon see a breakout direction within this week either up or down
-Guys, if you are holding any trade, please make sure to follow your stop loss location
-This is the time risk management discipline is very important for the past few days
-Regarding the BTC Dominance level, it is currently showing strength
-That is why the Altcoin space is looking weaker against the Bitcoin pairing
-Only two days left before the monthly candle closes
-Things are getting interesting for the coming month of October
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BTC/USD (Must Hold 40k Dollars)💎Technical Analysis Summary💎
BTC/USD
-The previous support area has turned resistant today
-This zone is a perfect entry for the sellers to enter the market
-Another lower high structure is being painted by the Bears
-The Bulls needs a lot of work to do, they need to defend its recent mid support
-If the buyers can hold the 40k dollar area and bounces up like a double bottom reversal
-That can be our next step to look for a new trading opportunity in the coming days
-I am still not into any swing trade yet, and I am patiently waiting for the best confirmation
-Stay safe everyone and please manage your risk if the market is not in your favor
⚠️Please always read the description⚠️
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BTC/USD (Retest Previous Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin defending the Fib 0.5 level or 40k dollar zone
-The price bounce up by almost 12% today which is a good sign
-We can see many altcoins are also finding their new support area
-This could be a good positive view in the coming days
-Bitcoin is about to retest its previous support of around 44k-47k dollars
-If we can see the price holding on that region, potential to retest 49k level
-Otherwise, a pullback is likely to happen next week and the overall market will be affected
-I am looking for a new trade but not too optimistic because of the current condition
-This is not the right time to go full force in trading but to strictly follow your risk management
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TOTAL DISASTER!Good afternoon my friends,
I bring you a quick video on TOTAL2 showing similarities of a descending wedge that could potentially bring one more drop down for the altcoin market.
Lets take profits as these coins head for another lower high give the resistance trendline holding.
Trade thirsty, my friends!
Butterfly Strategy Pt. I: The ReboundAn important update for the cryptomarkets! I have been wrong on my previous analysis if the crypto markets were bearish or not. As you can read in that analysis; there was no news and no reason for bearish momentum. Unfortunately this has changed...
Evergrande & Fed tapering
With China Evergrande fiasco we now have another bearish trigger for the worldwide markets which is in confluence with my previous analyses of the S&P 500. I might have to remind you; but I did say; look out for the black swan! This swan might be arriving now and with the FED meeting this week and possible tapering of their bond program (they will stop buying bonds); it is likely to see interest hike up and consequently funds will react with a defensive position. What does that mean? It means big fund managers will take profits on risk assets (stocks and crypto) and roll them over into bonds, forex and potentially gold . If we get a default on Evergrande we have a problem where (simply said) there's a big debt gap that needs to be filled with funds (profits from the markets?) that creates a "gap, a whole or a dump" in the risk asset markets.
Butterfly Strategy
I call this the butterfly effect and subsequently I make this "my own" butterfly strategy . What it means is that I look for confluences in: fundamentals, news, technical analysis , market makers perspective, retail investor's behavior (market sentiment) and long term corporate strategies / investments and federal / central bank's policies. It's a whole lot and it's not easy to get the big picture or know everything there is to know. However; you can know a lot by researching what is going on and constantly re-evaluating what is going on and what is likely to happen . This means, that last week I can be bullish and this weak I can be bearish . Some might say that is nonsense and you should choose a direction and stick to it; yes that's fine for long term holders. But I am trading; mostly swing trades from a few weeks to several months in either direction and 98% without leverage. For me that works just fine, for others it doesn't. Just see what works best for you. For me it means one thing and one thing only: I cash out only in profit and when there's confluence of downside across the board (let's call it a butterfly lift off) and same for buying: bearish times that are flipping towards bullish times.
Technical analysis
Given we are trading below the 50 day EMA and dropped below the golden pocket (0.618) which both could be acting as resistance; we might have not seen the end of this dump. Historically; losing the 50 day EMA and/or the golden pocket in confluence with the bad news, bearish divergences, a "smaller" wyckoff distribution, possible fed tapering, interest rates, S&P 500 turning bearish , investor's sentiment crumbling towards fear, a lot of profit in the market and a market maker that profits from lower prices for the futures expiration this friday. That is a butterfly taking off. It is to be seen whether this bearish butterfly get squashed down by the bulls or it opens a can of bears and sell pressure. We don't know anything for sure but we can add up all possible confluences which make the Butterfly Strategy a powerful method to use.
S&P 500 topped out?
It looks like the S&P500 is topping out at the top of my box and at my estimate of 70%. Its an analysis from a long time ago and it are these moments that I can refer back on them and find the confluences I am looking for. As of now, faith seems to be lining up but nothing is for sure in the markets - we are always anticipating multiple scenarios.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
NOTE: you can read my analyses below and see where I am warning for news, a black swan event and the top of the S&P500.
BTC/USD (Daily Mid Support Hit)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin hit the mid support around 40k dollar zone
-This area is a confluence of the 100D MA and Fib 0.5
-We can see the price reacted bullishly on this level
-The bulls immediately bought the dip within few minutes
-This is a good short term strength but still not enough
-We need to see BTC holding above Fib 0.5 for at least 3-5 days
-To confirm our bias that this area is establishing a supported territory
-For now, I'm patiently waiting for BTC to show more strength
-Before potentially entering new swing trade ideas
-Always take note that trading is not a race but a marathon
-Good luck everyone and keep safe
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
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Exercise Proper Risk Management 💱
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BTC/USD (Test Important Daily Support)💎Technical Analysis Summary💎
BTC/USD
-Things went bad for Bitcoin today as the price is back at the neckline support
-The price declined by almost -14% from the Right Shoulder swing point
-The overall market received a negative impact which leads to multiple stops out or liquidation
-I am technical out of my swing trade positions at a small loss today
-Getting stop out is always part of this game, you just need to know when to exit and re-enter
-If this bearish pattern will continue in the coming days, the potential next support is around 40k dollars
-Guys, be cautious on your next trade because the market is looking bad in the short term view
-Make sure to strictly follow your cut loss level and limit your portfolio allocation
-Risk management is very important during this time and trade discipline
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
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Exercise Proper Risk Management 💱
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TOTAL2 (alt) - H4 - back to ath ? Hi guys,
I'm currently watching the TOTAL2 chart ( crypto market cap without BTC)
I spotted an ascending channel on the 4hours TF.
If BTC remains calm this could lead to a nice pump on alts by the end of september !
this is invalidated if we break the support line and start making a lower low.
Good luck
please feel free to like if you share my pov.
NFA
BTC/USD (New Short Term Strength)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin broke out of this bullish descending channel today
-As the price reached as high as 48800 dollars
-The previous 46k dollar resistance area did turn support
-If BTC can hold above 47k dollar, I think the chances to go up increases
-My short term upside target is up to 49.7k-50.4k dollars
-For now, everything is looking safe even the Altcoins are showing good signs again
-I am looking to add another position if I see confirmation in the coming days
-Good luck traders and stay safe
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
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Exercise Proper Risk Management 💱
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Possible breakout in the altcoin marketSo as we can see here, there is a pennant forming in TOTAL3 (altcoin market excluding ETH). It's basically the same in TOTAL2 (altcoin market with ETH), but there are more points to the upper resistance trendline on the pennant in TOTAL3, so I thought it was more accurate.
As this is a continuation pattern, it's most likely to have a breakthrough. In that case, taking the height of the flagpole to a possible breakout point there would be 60% gains until 1.4T market cap and a massive rally till the end of the year possibly.
If there is a breakdown, there would be a 60% drop in the market cap of alts an we would continue to be in a bear market.
Even if there is a breakdown we need to watch the 20 and 50 daily EMA because if the PA breaks these supports and the 20 crosses the 50 that would confirm the continuation of the bear market.
In addition, if you look at the PA, it is very similar to the period from December 2020 to February 2021, and after that the bull run continued.
This is not financial advice, DYOR. Don't listen to an Explosive_Cow ;)
If you found this helpful drop a like and a follow if you want to see more of my ideas :D
Climbing Through the Circles TOTAL2Some circles showing the intersection and connection to the circle as time passes
~2.2 years is my expectation for the current bull run
Previous bull run labelled along with the bear market also
Above is the chart analyzing how I came to the conclusion of 2.2 years
BTC/USD (Daily Fib .382 Still Valid)💎Technical Analysis Summary💎
BTC/USD
-After an extreme price action yesterday liquidating both high leverage long and short positions
-Bitcoin today is showing a little strength as the price is trading above the MA50 and MA200
-This is a good sign to the market because I can see some mid-cap to low-cap coins are recovering
-If BTC can maintain above 46k for the next 3-5 days, I think that is a good swing entry for altcoins
-On a daily market price structure BTC still respecting the Fib .382, this will be our key guide
-As long as BTC can defend the 43k-44k Fib area, the bulls will always have a chance to bounce back
-But take note because every bounce back recovery is a different story
-So please always be cautious and follow your trading plan strictly
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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