BTC Technical Analysis - 02/07/2022 BTC broke out from its downtrend resistance line 02/04/2022 and will have sustained a breakout for 3 consecutive closes as of today.
We have support at the 40700 level, and resistance at 47000.
A pull back to support would be healthy for this breakout as we are reaching very over bought levels on the RSI momentum indicator.
If the 47000 level is broke, look for resistance at the 200 Day MA.
watch for higher highs, and higher low when trading. Exits for BTC would be if we start to make lower highs, and lower lows.
Further selling off of the SPX would put down pressure on BTC - we still have not broke the downtrend resistance on the SPX.
Whales
2022/1/21 [ETH] Best buy-point will appear!2022/1/21 Best buy-point will appear!
COINBASE:ETHUSD
COINBASE:BTCUSD
The condition of market is still healthy, and the ETH exchange reserve continues to decline, best buy-point will appear.
See the CryptoQuant (ETH reserve) chart that I mapped:
upload.cc/i1/2022/01/21/SfI7hY.png
The market is in the process of long-squeeze, and this long-squeeze is stronger than other cases (2020/3, 2020/9, 2021/5-7), in order to drive out the retail investors.
Generally, the order of strong bulls attack (ETH price may up to new high) including 5 steps:
1. KD indicator (1D) <30 more than 3 days, price keep falling down and retail investors are panic. Market makers do the upward crash, that is market makers wash the retail investors who with less confidence will sell out and leave the market.
2. KD 20 -> KD50. Market makers just completed the upward crash and price started to rise. At this time, most retail investors open the short position, that means the fuel of short-squeeze is enough. Hence, short squeeze will start in the short term.
3. KD 50 -> KD70-80, and KD>70 more than 3days. Market makers carry out the strong short-squeeze (bullish), and price rise rapidly. The fuel of short-squeeze decreasing as price rising.
4. KD70-80 -> KD50. Market makers completed the short-squeeze and most retail investors start to open the long position. Therefore, the price correction will happen in the short term because the fuel of short-squeeze is not enough.
5. KD50 -> KD70-80 again. Two line of KD indicator formed golden fork and KD up to 70-80 more than 3 days again (short-squeeze). Volume and price increase simultaneously, and most retail investors start to open the short position. At this moment, the next bull market is coming, time to appreciate the performance of market makers (whales).
Wonderful performance may be coming! Good luck!
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As an analyst, I think that I can't predict the direction of market, but I am ready for a strategy of bullish or bearish .
Analyst of cryptocurrency Yu-Shiuan Chen
BTC - 45K TARGET FOR THE NEXT DAYS Bitcoin shows price strenght in the last hours from nowhere, must be whales.
retest in 1h/4h are not likley to happen in those situations, at most only ranges and higher highs breaks .
I take profit from my swing trade at 45K.
200ema and strong resistance should reversal the trend.
huge pump coming ))))after break up the trendline above it can pump so far dont miss that folks
push like and follow for more ideas and giving good energy thx :) BINANCE:MATICUSDT
BTC Fakeout or Breakout Bitcoin whales and institutions love to push the price past resistance, where this movement will trigger short stoploss market orders (aka stop buy limit orders) and also buy stop limit orders.
Both of these in tandem creates a low-grade short squeeze used as liquidity to sell into.
How long takes for FTM to reach new ATH!!!According to whalestats.com during these days top ETH whales start to accumulate FTM, if it's going to continue next days and the amount of FTM which is hold by Exchanges drop more.
FTM could submit a new ATH. although short correction would be inevitable to gain enough power to break resistances just like what we see with MATIC.
Interesting similarities between BTC phasesBTC current Price Action is starting to appear increasingly similar to the PA we saw throughout the bearish period of Summer 2021 !
Color coded are the similarities i found and they are relatively indifference bar from the yellow markings failing to make a real attempt at recovery.
The PA were currently having has the same tone to the summer where dumps were carefully controlled by whales as they gradually filled their bags awaiting the uptrend to begin. Im overwhelmingly bullish on this PA and feel BTC has found its bottom for now !
An analogy i liked was the comparison to the current PA and a ball held under water ... once the downward pressure stops it will erupt upwards.
My LTF target is : 48k held comfortably
My MTF target is : 52k reached
My Q2 target is : 64k reached
Follow up from my last graph BTC 150kfrom the last chart i believe we are being supported just fear selling is happening at the moment, but i believe the up trend it coming and it on the way if we don't jump from hear i expect a double bottom W pattern to happen and surge prices but we are currently in the last leg of a W pattern just waiting on surge confirmation or jump out chart
i'm no financial advisor, this is just for entertainment purposes and i advise al traders so do their own research.
Comment if you own about 20 Million Shiba and what is your plan in this market?
Enjoy the day, and remember this isn't a place for emotions.
only invest what you can afford to invest
Shib/USDT, 1$i believe we are about to kick off the year with a good start, im Whaling into shiba, i've stopped selling via leverage and believe the accumulation stages are over. i'm going long, i may sell at my resistance/support zones but i'll be here to a penny, i'm also creating a app that all ad revenue will go towards burning shiba, id hope you'd follow me so i can show you when it's finished.
Robinhood announcement should help skyrocket to $1, maybe even above
i'm no financial advisor, this is just for entertainment purposes and i advise al traders so do their own research.
Comment if you own about 20 Million Shiba and what is your plan in this market?
Enjoy the day, and remember this isn't a place for emotions.
only invest what you can afford to invest
Big dump is likely to come in the next few daysLow momentum.. Highest laverage since 2 years.. And investors are afraid going back.. So the best move for market creators and whales is to dump it and purge the market in order to move up again.
✅ Liquidate future traders
✅ Crash the market so investors will go back to take adventage of the dump.
✅ And of course whales will be the biggest winners.. Since they will decide where to sell and where to buy.. + Liquidating all long positions and entring the market from the lowest possible price.
We may witness a bulltrap and a fake breakout but any other scénario but a big dump means that we are being leaded by a bunch of stupid non greedy whales 😅
BTC CritiCaL Zone This place looks like a crash Zone
The previous Break point is 32,000, but the spike number can penetrate up to 28,000
I will buy up to 28,000, but after that I will wait, although I want to buy in the numbers 20,000 and 8,000, but I hope the whales will give up greed .
Donate 1 BTC :)
1GRhKXSdXUbxthkNb4uM9fvv5FTLVyrz3s
Whale HuntersThe areas marked are the zones whales hunt within ... they seek liquidity in these zones and don't like remaining within them for very long ! While they appear in likeness to FVG , they are fairly different . These zones act like walls , on either side lay lots of buy and sell orders which remain in place.
These zones are where whales buy/sell and if you identify these zones they can help you add confluence to your TA without getting harmed in the way of a whale fight. Look to these zones for a reaction and that will provide you with a good idea of where PA will go . The price either strongly rejects or flies through these zones so you must ensure you watch market structure.
Along with confluence for entry , these zones may also be a good point to seek profit. Price likes to sit between these zones so if you would like to swing trade , these zones are the preferable place to take profit !
As these zones continue to grow or shrink i will update this chart - you do not want to ignore these opportunities !
-Oz
BOND: $29.0 | a 50x Payback towards 2024Business: think of a supermarket of borrowers and lenders with a personal banker curating or arranging your tastes according to sensation or RETRURNS of derivative assets (TOKENIZED)
Long story short.. kinda like a mutual fund or basket of assets that gives you a fixed rate of return ..
BOND probably an eye candy for Traditonal Institutional Active Managers with HUGE dead money to park
Long🟢 Falling Channel, Support Trendline on BTCUSDT (Bullish)Deep AI detected Falling Channel.
Falling Channel is a bullish pattern .
1st Target is the bottom white box.
Then we have to re-evaluate.
In an optimistic scenario, Top white box is possible.
Fuzzy algorithms show a hidden uptrend.
RSI found support.
🚀 We think you can send Bitcoin .