BTC, NICE 15% UPSIDE, INVERSE H&S BREAKOUT AND RETESTKnife Cut signal worked very well with a nice 15% upside.
Bounced from diag 2, and now i expect diag 1 test, that is near 56k.
We can see that the structure is Inverse H&S breakout and retest, that will lead to ath, and maybe even more. Expect anything from bitcoin.
Enjoy
Xbtusdlong
Bitcoin correction to $20k to $30k from $50k#BTC Forecast
5 Reasons bitcoin will crash 30-50% in next 3-4 Months.
1. Technical Correction monthly RSI is about to get overbought like 2017 peak.
2. Big Stock market crash/scam might affect Crypto.
3. Instability in market due to lawsuits like XRP against the Tether.
4. Government Intervention / CBDC or New Coin.
5. Bitcoin Seasonality March is historically most bearish month for crypto.
Considering all above facts we are expecting bitcoin to reach $30k - $20k.
Despite all these the Bitcoin can reach minimum $100k -$150k mark by end of 2021.
BITCOIN - GOING TO $35,000 NEXT WEEK?The XBTUSD level we talked about in the previous video has been hit perfectly (feel free to go back and look) and I decided to make a follow-up video on our next move for Bitcoin.
If you want to be guided through your trading journey until you become profitable, make sure you leave a like & follow us on all platforms.
XTZTook XTZ / BTC into log scale & added more time and we can see what the future holds.
1 thing is for certain BTC will most likely continue to climb into 2021 and any dips & pull back will not be a bear market.
So we can assume that we r in a full blown bull market now since May 2020 IMO.
The question is where does BTC top. Most analysis I respect point to a top around $190k.
So If history repeats itself we should see XTZ (And all Altcoins) follow a similar path, that path is 18 months from bottom of the range until top of the range.
I have outlined the top of the range with different price targets I strongly believe we will have 6 months over 2021 where BTC will continue to push higher until finally peak is reach sometime this year, If that peak is reach B4 summer than we have our alt coin targets if that peak is reach by end of 2021 then our alt coin targets will be much higher ;).
So the idea is that soon BTC .D will push higher and keep alts under pressure, maybe even 81% BTC .D this will bring the peak in BTC price.
Then Dominance will have small & large corrections in the bull market. This will allow alts to play catch up.
So any and all dips for the next year are strictly for buying and no selling your alt coins until sub 40% BTC .D is not allowed by anyone following my analysis or the gods of crypto will fomo you back in at higher prices all year.
BITCOIN (BTC/XBT) DAILY BUY&SELL TRADE SETUPS 2020/12/24SHORT TRADE SETUP: False Breakout at Horizontal Resistance
To open a short position, we are waiting for price to break horizontal resistance at All-Time-High @$24300 and then fall down.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $24300 and then rapidly falls below $24300, forming a bull trap
2. Candlestick Pattern: A breakout candlestick (candle close above resistance @$24300) followed by a breakdown candlestick (candle close below $24300)
2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two.
2.2 Ideally the breakdown candle has a large candle body with very small wicks
3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high
4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green)
CAUTION: As we are overall in a bullish market, we will not rule out the possibility that we have a large breakout, in which case we will see if we can enter a long position on the pullback and retest of the ATH. We adapt and flow with the market as it evolves instead of being stuck to pre-conceived setups. Make sure you click the follow button so you are updated.
Entry Confirmations:
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
Trade Management:
I have put in preliminary Stop Loss and Take Profit on the chart, but will adjust based on entry setup, so I will update when we have an entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME!
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
QUESTION
Would you like me to add a section on overall market conditions in addition to the long&short trade setups to these daily posts? Let me know in the comments. Thanks.
BTC - Intraday Areas of Interest 03/12/2020#BTC - Valid until 11am
I don't like to predict the direction of a market but focus on the price action in my highlighted area. Seems like there was a lot of selling pressure from yesterdays market. Be careful if you are looking to buy against the previous days direction, but there is a good buy area for buyers above the VWAP
Better to wait and see what the market does through the European session.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
BTC - Intraday Areas of Interest 02/12/2020I don't like to predict the direction of a market but focus on the price action in my highlighted area. Seems like there was a lot of selling pressure from yesterdays market. Be careful if you are looking to buy against the previous days direction.
Better to wait and see what the market does through the European session.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
Bitcoin is Going to the MOON!!Bitcoin has formed a Double Bottom Pattern along with 3 other confluences signaling early Moonish behavior. Price recently broke & closed above a key weekly level identified with the orange line. ($15979). Price is bound to reach the Double Bottom neckline, but before that happens I see a price shift to the inside of a Minor consolidation zone. A close above $16038 would be another indicator to a early bull run. This is my bullish bias for the week. I've set my Intraweek target for price point $16450.
I Appreciate All Likes & Comments, So feel free to if you like or agree with this Analysis.
🔥 Bitcoin! The Bulls are putting up a FIGHT! 🔥Our TradingView Video debut!
In this video idea we look at the possibilities for Bitcoin over the next day / few days.
We look at what we expect, pending some more information to be given to us in the form of market structure over the course of the next few days!
Bitcoin Bullish Dominance In Action!!!Welcome back to another one of my analysis. If you like what you see, don't hesitate to gives it a thumbs up.
I predict more bullish pressure within the upcoming month. From the Monthly timeframe, I spotted 3 bullish confluences.
I can see price either forming a leg down to Monthly Support or continuing its long rally upwards to $16,225. Hence only if price manages to close back above $13,873. Marked on the chart is a couple Bullish engulfing candles, and a 3 Pin Formation. Both give concise outputs for future market price. I will be creating a more detailed analysis with a smaller timeframe. I had to make sure people understood my overall bias & direction though.
Once again, support this post if you agree.
$BTC Expecting our leg down within 24hoursBased off our indicators we are expecting btc to make one more leg up before its nuke.
We anticipate within 24 hours to start a descending range. Areas of interest are 10.7-10.8
Strictly looking at liquidity, our indicator gives us a visual of significant areas which could turn out to be reversal points for bitcoin. We took 100x longs yesterday and expect to at least top the 50x short area some time within the next 24 hours.
If you want more updates on the PT Liquidity indicator, follow along!
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$BTC Short zone Oct 7th & 8th. I still expect one more poke up!BTC looks like its building a bit of momentum here to do a final blow off before entering our short zone within 48 hours. I expect 10.800s - 10.900s to be tapped before a significant nuke.
Looking at the liquidity levels off our indicator we do have a significant level at 10.870 which is the 50x short level. Id like that area to get tapped within the next 24 hours. Between our sell signal off our indicator and the liquidity level, it has a high probability.
In other words. I am getting ready to short $BTC into the weekend.
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$BTC One more leg down before 11ks? $BTC Looks very promising for a move up to 10-9-11.2 by early week. If we happen to get a dip down, I do not expect the low to break. If it does happen to break, I have bids to fill between 10.2 and 10.3 again. Overall I expect btc to be at 10.9s before wed.
Bitcoin loves to respect liquidity levels on our indicator very well. We have a great level at 100x shorts and 100x longs above/below us.
We have a short zone again for BTC Oct 7th & 8th. I will update the time algo in tradingview so that I post updated analysis on long/short zones. Its been pretty accurate thus far.
Patiently waiting to see if we break this trendline before weekly close. Macro long for now until mid week.
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
Bitcoin - Goldilocks and The Three BearsThe number one thing to understand about what's about to happen is this: Bitcoin is not bullish. Bitcoin is not bullish, but price is going to go up. It goes up for the same reason that the knife on a guillotine goes up before it drops and severs heads.
You shouldn't have faith in cryptocurrency. Whatever brought it to this world, it is not what it once was. If you were around during the 2016 bubble, you would understand the dirty things that happened in the sphere and what the installation of CBOE/CME regulated futures meant for the market. In short, crypto was given the gift of being embraced and having a hand extended to it before it ultimately is extinguished.
There are many asset classes that actually have real world use and real world value. There is silver, gold, oil, natural gas, forex, stocks, bonds, ETFs... why waste your time "HODLing" a fantasy that exists only in the minds of people who don't and can't hold functioning jobs, people who aren't respectable and contributing members of society.
Digital currency has a lot of drug running, human trafficking, and mob connections to it. Much of it is also connected to the Chinese Communist Party, and if you don't do your part to do something about the Red Scourge of Chinese Communism, you'll find yourself in an unbearably cold winter that you cannot endure and have no hope of redemption from.
Regardless, Bitcoin never sees $12,000 again. Where the real bullseye is is under the $3,500 double bottom, but it won't get there in a straight line. You will be given many dips to buy and many false moons to buy the top on.
If you can get long around $10,500 again, then excellent, but I wouldn't count on it for much of what is about to happen is designed to injure short sellers, especially those who didn't take profits at $9,800 and $10,200 and are waiting for the big short to pay off so they can brag to their friends.
What's hard about getting long anywhere else is where do you put your stop? On the way to $11,600 there's going to be more than one shattered floor wick meant to help you "manage your risk".
Never forget: Bitcoin is not gold. Bitcoin is even less valuable and useful than iron pyrite. Make sure you dump your spot bags before regret torments your heart.