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Big Time/Tether

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BIGTIMEUSDT trade ideas

BIGTIME RETRACEMENT : RECTIFYING MY MISTAKESo, admittedly, yesterday I made some Bear-trend PTSD induced paranoia, apparently and made more than one bad call. I apologize for this and am hoping to make up for it and with any luck redeem myself some. This is the reviewed TA. It's good. I endorse it and am kinda betting my reputation on it, if that counts for anything. Not making excuses, but I'd like to offer an explanation behind the reason it happened. When analysing ranging markets with very few sustained bullish runs, it kinda shrinks one's scope and causes you to zoom in more-and-more over time. This is dangerous for the obvious reason of losing track of scale, which impairs your ability to estimate what it is you expect to see and where a reversal is likely to happen, which makes the act of analysing the chart uncomfortable because the pieces of the puzzle don't quite fit right, but it could be due to any number of reasons, and you only know once you know, which is after it happens, when it completes the cycle and you get the confirmation that had been expected. This is often exasperated my the very nature of crypto to often go into somewhat of a lull right before a breakout, which was the case here, but to a smaller extent than it might have been later in the bullrun.. Looking at the chart today with a fresh pair of eyes and my empty plate of humble pie, I wanted to admit my mistake and make an attempt to fix it. // Chart explained: The $0.95 peak that just hit, was the marker I had misidentified yesterday. It completes the firstRun leg of the cycle and, once complete, directly informs the next part of the chart, which is the retracement and usually the section my technique is most accurate in predicting correctly. Unfortunately, there's no timeframe for this retracement and it could take hours, days, or sometimes weeks. Taking into consideration where the overall market is in its larger (BTC) cycle, ie. the early stages of breakout, my best guess at the timeline, would be fewer than 7 days. Whatever happens between this point and the end of the retracement doesn't matter, and I guarantee there will be times when it looks like it's running bullish again.. Don't trust it. There are two scenarios I'd expect to play out for BIGTIME. From current level down to $0.645. This is guaranteed and will happen regardless of which of these play out. It should bounce at least some from that level and after that, we'll see if it's really finished or has more to go. The bounce from the 0.618 fib line will show intent, but can only be considered confirmation of continuation upwards if it breaks past $0.857. It may not even come back up to this level, which would support #2, but if it does, it's still not enough to call with any confidence. Scenario 1] Bulllish breakouts often only retrace to 0.618 before making a strong recovery and continuing back to the previous high before kicking up and beyond. I'll post an update then. Scenario 2] Following the bounce from 0.618, if it's still retracing it'll only reach that previously mentioned $0.857 level before coming down rapidly. If you're waiting to see how it plays out, is where I'd be looking to short. It so happens that it's currently around a similar level : $0.832, so the safe bet would be to short from current levels and hold on tight. If you do this, you can expect more minor reversals around $0.55 , $0.455 , and the eventual end of the retracement at $0.0337. There's often very little gap between the last two, so if you're going short, be careful of second guessing around this area, as it tends to get volatile and getting it wrong destroys marriages. TP: $0.365 I'm calling this slightly short, simply because it's good practice and you'll have made a tonne of profit by then, so rather safe than greedily sorry. If you're uncertain at any point between now and then, it's probably best to not enter. Either way, unless it goes above $0.95 and $1.00 in a convincing manner, it would be wise to not go long on this coin before it reaches $0.35 and produces a strong double-bottom. Only once you can confirm this pattern on multiple timescales should you buy, and you can then do so in confidence and minimum risk. Anyone with sufficient margin looking to maximize profit can go short from the current level or raise their existing entry by adding to their position. It's still a very profitable trade and unfortunately, this one favors deep pockets. If it were me, I'd increase my current position 3 - 5 fold and wait for $0.35.. That was less painful than I expected. Not sure anyone will read it, but that was not the objective. Just felt that I owed you an apology and whatever insights I might have to offer. Good luck, and since I'm not allowed to invite any DM's and have received yet another warning , I'm hoping to hear from you in the thread where it adheres to TV's transparency policies, which, incidentally, I don't agree with purely because it's silly. I get it, though. Managing 50mil users is a headache I don't envy anyone..
Short
by Rebelmedia
20
BIGTIME/USDT LONG Setup!BINANCE:BIGTIMEUSDT.P Observing the chart, it is evident that BIGTIME has undergone a distinct breakout on the 4-hour chart trendline, signaling a strong bullish momentum. This breakout aligns well with the overall bullish sentiment in the market, adding further support to the optimistic outlook for BIGTIME. Anticipating the continuation of this bullish trend, we can set our sights on achieving the targets set for our LONG trades. #BIGTIME/USDT LONG Entries: $8.062 Take profit 1: $0.6723 Take profit 2: $0.7347 Take profit 3: $0.8086 Stop Loss: $0.5455 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:) Thanks The sroced.
Long
by srocedtrading
BIGTIME Speculative Play: Riding the Waves of Wave Structure! 🌊Introduction: 🌐 Brace yourself for a speculative journey with BIGTIME! The trader is eyeing potential opportunities as the coin forms a wave structure, currently undergoing a correction in the fourth major wave. Let's dive into the details of this speculative play. Trade Plan: ✅ The trader plans to speculatively accumulate BIGTIME, perceiving the coin's formation of a wave structure and correction in the fourth major wave. The anticipated decisive turnaround is expected around the $0.472 level, marked by the 0.618 Fibonacci retracement. Technical Analysis: 📊 Analyzing the chart, BIGTIME appears to be in the process of forming a wave structure, currently undergoing correction in the fourth major wave. The trader identifies the $0.472 level, corresponding to the 0.618 Fibonacci retracement, as the potential point for a conclusive reversal and the initiation of the fifth impulsive wave. Risk Management: 🚨 Acknowledging the speculative nature of the trade, the trader suggests placing a stop at approximately $0.399 (below the moving average). This measure aims to mitigate risks associated with the speculative play. Targets: 🚀 The trader has outlined potential targets on the chart, providing a visual guide for prospective gains. Entry into the trade will be executed through a single limit order. Conclusion: 🌟 BIGTIME beckons speculative traders to ride the waves of its evolving structure. With a strategic entry around $0.472 and risk management in place, this play aims to capture potential gains as the coin moves towards the fifth impulsive wave. Get ready for a speculative adventure with BIGTIME! 💹🚀
by RICHI_CRYPTO_SIGNAL
BIGTIME will have a big pump againConsidering the time correction we had, it looks like there is still BIGTIME upside potential. If the SW H is broken in the daily time and there is a consolidation on it, we can see a much stronger rise. We had a strong bullish movement, which was marked by the SHARP white box. Then we have made a correction, which we have marked with a white CORRECTION box. As you can see, these falling and corrective candles could not cover the recent upward SHARP move. From the green range of OB we can move towards ATH or even beyond ATH. This analysis is violated when a candle on the daily time frame stabilizes below the green range For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark