Get started

Xbt

NOT SO FAST BULLS! - 07.22 Bitcoin UpdateHey guys, 1 PERCENT here. Please do hit the like and follow button if you found my posts useful :) Thanks in advance. Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market. Bitcoin beautifully followed my previous prediction and saw a bounce. The sentiment in ct and other communities definitely starts to look bullish. As mentioned in the title, we're not out of the woods just yet! We see that Bitcoin is currently retesting $32280 which is an important level for both bulls and bears. We're currently seeing multiple rejections from it and we are at the intersection of the yellow trend line and the famous $32280. If we get to hop over this level and pull out a bullish retest, there is a high chance that we rise to the Jan. Mid range which is a very important level in the midterm price action. I drew the possible scenarios that I'll be willing to trade upon a reclai and retest of important support and resistance levels. Until then, having no position is the best position. Hope this post will be some sort of help for you guys. Stay safe out there and always keep your stop losses if you're trading. Keep your dreams real. 1PERCENT
BITMEX:XBTShort
by RVD_ONEPERCENT
Bitcoin📈After a long consolidation, the first coin hit a new local low, leading to massive liquidations and unrealized losses on the market.📈 Many are already expecting March 2020; many flip to USD, but not 🐳 As you can see from the first Glassnode chart, capital does not surrender but builds up muscles. The number of coins in whale wallets approached 75% of the circulating bitcoin on the market. Downtrend does not scare them but only opens an opportunity to buy more coins. We also see a massive outflow of coins from exchanges, already exceeding 2k BTC per day, which says only one thing: Bullrun on the cryptocurrency market is only a matter of time. Best regards EXCAVO
by EXCAVO
57
If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months. let's review a few posts to have a much better idea of what I am talking about. XBT April 26th, 2021: One Swallow Does Not Make a Summer (or Spring) NASDAQ:TSLA June 24, 2021 Honeymoon is finished..!!! NYSE:NIO July 1st, 2021 Check and Mate..! NYSE:AMC June 9th, Apes blood bath I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..! However, I wrote one answer to most of them: "Kneel". I am happy they pay for it, they deserve it..! The good news is the worst has yet to come..! What goes around comes around...
BITMEX:XBT
by Moshkelgosha
10
BTC | XBT | LONG | Areas of InterestWith the large accumulation over the last two months, most of the buy-side imbalance levels have been broken on #BTC. While this is a great opportunity to BUY BTC traders/investors must be careful of the huge risk taking a buy-side trade at this point. If we break $31,000 on the daily we will be heading lower towards 28-26000 $ for #BTC On the other hand we have one last buy-side imbalance area of support for buyers, which could drive price back towards $37,000 Look to see a few Sell-side imbalance areas broken if you want to be risk adverse on the long setup. Don't forget to follow me on Tradingview 🤴🏾 Happy Trading Mr Ionic
Long
by Little_Big_Movement
"the cross roads"bitcoin is at a crossroad right now, as it has been trying to confirm this impulse for these last couple of days to no success. bulls are defending this local gz with their all, but time is running out as momentum could seize at any moment. tonight will be attempt number 3. if we can confirm this move to 33k, then we're buying the dip at 31,900 with conviction for the continued move to upside of about 39k. bullish invalidation: 31026.0 ------------ if we do break down below the area of invalidation, view the short term bearish scenario for the long downside targets via:
by notoriousbids
5
be ready in either direction.we don't gamble around here, and entertain both sides equally. only get into setups which are clean, and safe. btc is currently in a very strong squeeze on the daily, and is about to fire off hard one of these days. so long as we don't take out the low from friday, we're game for a move to the upside (to about 39k) if we do take out the low from Friday, we're buying between 23~25k with conviction. -------------------------- if we break up and out of here, view the bull case via:
BYBIT:BTCUSD.P
by notoriousbids
Bitcoin Elliott Wave Analysis Update.I talked about this exact scenario last night, you can see the posts below. We're looking okay for continued upside (for now). We aren't out of the woods just yet, and there are a lot of key levels we have to break through so do expect the possibility for btc to break structure somewhere along the way. Mentioned last night that these moves will be far more volatile than regular moves, since this is still indeed a part of the Wave 4 correction. If you get into a nice setup along the way, just a set a stop loss & let it ride ~ Wave 4's take awhile to play out, especially Wave B's. I am projecting a move to that 38~39k range. Currently in no position, just waiting for a little more conviction on this initial move up before I jump into a safe trade setup. If structure breaks, lower green areas are the next targets I will be willing to take a long in. Wave B target = $39k Wave C target = 23k. Good luck!
Long
by notoriousbids
2
Is Bitcoin Finally Going To Breakout?-BTC has been fairly flat the last two weeks as volatility has subsided to monthly lows -Price has formed a 2 month long falling wedge pattern -50 MA has acted as resistance for almost 3 months Bitcoin’s price action has been super flat the last 2 months ever since the -50% drop off highs. Bulls and bears have been equally controlling price action which has led to a large sideways consolidation. This has left many investors & traders at a lost of interest as this is not a good price action to trade as which a clear direction is lacking. A newly spotted price pattern may give a hint of how much time BTC will have a lack of trend. Shown in green, a falling wedge has clearly formed after many weeks of bouncing back and forth. This pattern is a generally bullish one but always has the chance of breaking to the downside. A clear breakout & preferably a retest of that trend will likely cause price to follow in that direction. At the time of writing, BTC is sitting within its major support zone of $31,000-$32,200. A break below this zone will likely cause a cascade of selling which would bearishly break the falling wedge pattern. In this case, support will be found at $30,000, $28,800 & $26,900. For a bullish trend to begin, BTC must break back over its major resistance of $33,500 & hold above. If this occurs, it would be a confirmed upwards break of the falling wedge pattern which will likely start a short term bull trend. In this case, bulls must then tackle the 50 Day MA (purple) which has held price down ever since the $50,000 region. While looking at the RSI, we can see it has been fairly flat, stuck between the 30 & 50 value. This has created a triangle like formation which shows a breakout to be within a week time. The Stochastic RSI has been sitting in oversold territory for nearly 4 days. At the time of writing, it is showing an upwards curve which looks primed for a strong breakout to the upside. A break above the 20 value will likely start a short term bullish trend. 

BTC intraday levels Spot rate: $31,750 Trend: Bearish Volatility: Low
 Support: $31,000 Resistance: $32,200
by CoinGape
4
Bitcoin Wyckoff [Accumulation & Distribution] — ⚠️Possible 24000This trading method was developed by Richard Wyckoff in the early 1930s. It consists of a series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life to studying market behaviour, and his work still influences much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although it was originally focused only on stocks, but I find it amazingly good on cryptocurrency market and Bitcoin During the creation of his work, Wyckoff was inspired by the trading methods of other successful traders (especially Jesse L. Livermore). Today he is in the same respect as other key figures such as Charles H. Doe and Ralph N. Elliott. Wyckoff's Three Laws The law of supply and demand The first law states that the value of assets begins to rise when demand exceeds supply, and accordingly falls in the opposite order. This is one of the most basic principles in the financial markets, which does not exclude Wyckoff in his works. We can represent the first law as three simple equations: Demand > Supply = Price Increases Demand < Supply = Price Falls Demand = supply = no significant price change (low volatility) In other words, Wyckoff's First Law assumes that the excess of demand over supply leads to higher prices, since there are more buyers than sellers. But in a situation where there are more sales than purchases, and supply exceeds demand, it indicates a further drop in value. Many investors who use the Wyckoff method correlate price movement with bar volume as a way to better visualize the relationship between supply and demand. This often helps to predict the future movement of the market. Personally I recommend use higher timeframes and indicators like ADL and Stochastic RSI. The law of cause The second law states that the differences between supply and demand are not coincidences. Instead, they reflect preparatory actions as a result of certain events. In Wyckoff's terminology, the accumulation period (cause) ultimately leads to an uptrend (effect). In turn, the distribution period (reason) provokes the development of a downtrend (consequence). Wyckoff used a unique technique of plotting patterns on charts to assess the potential consequences for specific causes. In other words, he created methods for determining trading targets based on periods of accumulation and distribution. This allowed him to assess the likely expansion of the market trend after exiting the consolidation zone or trading range (TR). The Law of the Connection of Efforts and Results Wyckoff's Third Law states that changes in price are the result of total effort that is reflected in trading volume. In the case when the growth of the asset value corresponds to the high trading volume, there is a high probability that the trend will continue its movement. But if the volumes are too small at a high price, the growth will most likely stop and the trend may change its direction. For example, let's imagine that the bitcoin market starts to consolidate with very high volume after a long bearish trend. High trading volumes indicate more demand, but sideways movement (low volatility) suggests little outcome. If a large number of bitcoins change hands and the price does not fall significantly, this may indicate that the downtrend may end and there will soon be a reversal. To sum up, the Wyckoff Method allows investors to make smarter and more logical decisions without relying on their emotional state. His extensive work provides traders and investors with a range of tools to reduce risk and increase their chances of success. However, there is no single, reliable methodology when it comes to investment. You should always approach all trades with caution and take into account all potential risks, especially in the highly volatile cryptocurrency market. Best regards Artem Shevelev
INDEX:BTCUSDEducation
by ArShevelev
25
Bitcoin Elliott Wave Deep Dive AnalysisI think we can all agree that the price is contracting as we near the end of this wedge. The bulls are saying "This is Wykoff Accumulation", and "The price will fire off to the upside". The bears are saying "The price will fire off to the down side, merrrr"; but will they take profit if we do? Hopefully they do, because it's going to happen Very quickly when we least expect it. That's just how squeezes work. Elliott Wave Theory says that we are going to see an extended Wave 5 of this Wave (A). My reasoning behind this move is the global market correction which is going to last through the end of September. When Spx500 goes down for it's initial Wave (A), that should be when Bitcoin finishes it's Wave (A) as well, as markets tend to flow harmoniously with each other. Keep some long orders between 23.6~24.5 just in case, and if we do happen to get down there, your orders will fill & you will be a very happy human. We are nearing extremely oversold levels on the 1,3,12h time-frames. The indicator I use regularly is getting into the area where we are ready for a strong rip up, but in my opinion - not before this last rip down to massacre everyone who has been buying in this lower range. The market is relentless, and the market makers do not want us to profit from the parabolic Wave B; so they will do everything in their power to shake us out before it happens. Spot buys are the safest, lower leverage works too. High leverage trades are risky down there, as we could see one hell of a liquidation wick when the time comes. Stop losses are your friend, they will protect you from some serious losses, if we get a huge liquidation\scam wick one of these days. I'm genuinely ready for this Wave B play, and I have been for quite some time now. The areas of confluence I found on my chart today really resonate with me, and they meet exactly at the bottom of the bear channel on August 1st. All of these trendlines converge in the center of the 1.618~1.75 extension (extended Wave 5 target), as well as a horizontal trendline from the previous 2019 high. That trendline previously acted as resistance at some point, but was eventually flipped into support back in December of 2020. ----- I have outlined two possible pathways after we finish this correction in late October. The first one gives us a quick and easy parabolic move to about 83k before topping out. This could be the quickest move we've seen yet, and the most profitable with a safe high leveraged setup. The second scenario would take a lot longer to play out, while some serious accumulation occurs - once accumulation is complete, we begin a rise to that 120k level. Scenario #3, I did not map out in this picture, but we can talk about it briefly. Since none of the waves have seen extensions on the larger count yet, we could see a Wave 5 extension which takes us all the way to 200~250k. I have seen some beautiful extensions in these markets before, and it is not unlikely that we will see it for this final run. Taking it one day at a time / analyzing these charts every single day, just in case something changes. If anything does, I will be quick to update you all so stay tuned in. Stay well, trade safe, and expect the unexpected in these wicked markets. ✌💸
by notoriousbids
17
Bitcoin | Bulls Defending the 31.5k Crucial Support..!!#BTC (update) Another Daily Candle Closed Above the 31.5k ✅ Bitcoin has been Consolidating in Descending Channel from last 18 Days.. (Big Move Ahead) At the Moment, Bitcoin Looks Bullish But Still Bulls Need More Strength to Bounce Back. 📈 In Bullish Case, Bitcoin Might test the 33.6k Descending Resistance, If Channel Broken Upside, Next Stop would be 36k. In Bearish Case, If Bulls Lost the 30.6k - 31.5k Horizontal Support Area, Expecting Another Lower Low (29k) 📉 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
4