BTC trade ideas
Decline in buy side to sell off Recognizing the Local top was easy
What's next is setting up
We have BTC conference in April witch is my opinion is utter influencer dog shit
Fun to Meet with internet friends or to network
But what to take into account here
is that ASIA is sharp they take Markets and jobs seriously
This might be more of a liquidity Flush even similar to last year
Not that these Larps really trade size or trade at all
But the idea is this creates euphoria
and that can catch dumb Money off guard
BTC is the future but near term is what we are interested in
Watching Weekend PA and looking for set ups
Keeping a level head and surviving is all We need to do
Trend is in tact from 680 Billion
top RSI was 911.606 Billion March 29th
814B Time of writing Friday April 8th post CME close
-97B from RSI on the 29th
A target of 720B retest would be -94B taken off the table
Roughly +49B inflow to retake the previous demand consolidation area we fell from
its easier to scalp alts than bet big in this weird area
waiting for a high conviction deployment play again
BTC Might Not Be The Biggest Coin In The Crypto Market🚨
Heard of that crypto priced more than #BTC?
#PLC ULTIMA Current Price: $74,280
I have spent so much time trying to study this assest but it's quite a little tricky trust me.
#PLC ULTIMA Mission
The PLCU mission is to give hundreds of millions of people who are deprived of traditional fintech services access to a global financial infrastructure and instant payments around the world.
#PLC Ultima Stats
Price Change24h : $5,206.18
Trading Volume24h : $9,895,368.85
Volume / Market Cap : 0.001002
Market Dominance : 0.00%
Market Rank : #2879
PLC Ultima Market CapMarket Cap : $9,879,583,593.07
Fully Diluted Market Cap : $813,729,553,326.22
So after a deep look at the statistics above I found out that #PLCU ULTIMA maybe a scam!
*Ander' Reason For Claims*
How can an over priced coin have such low trade volume ?
Answer : That's because most of the funds(volume) in this assest are not trading rather are staked(farmed), really nice so meaning about a large sum of this assest is being held in a private wallet, my big question is, what if that whale decides to take off his funds today along side his/her interest?
You see where that lands you, no real value for you!
Now why is this big elephant only listed on tier 3 exchanges?
If they are this big why can't they afford an immediate listing on binance?
The more I kept looking into this crypto assest I keep doubting it true purpose.
Be aware Ander
do you still believe BTC will pump to 100kBitcoin is now in a big channel for nearly 9 years and price is in a Rectangle and in the 4th wave if bitcoin create pivot in its low and pumps to 69k and break it there will big possibility that after a pump to 80k or maybe 90k or 100k but I don't think its gonna reach it because big guys sell their coins before price reaches the resistance and it can dump's very well and go to 20k or 18k or even 14k to retest its biggest volume ..this may like funny to you but you have to be funny to make money..
Bullish Optimism in BTC HistoryHello to you,
When I first looked at a chart, it was back in 2003, when the cheapest indicator used to cost $500. EasyForex was my very first broker. They now go by EasyMarkets; they recently joined Tradingview. They are great.
So, it's been a long time ey, and I strongly advise you to avoid signal services and trade-school programs that will mostly cost you money in the long run. Account management services and the gathering of trading groups are all "lucky -luck" for you if you will get the right one.
I'll tell you something: there is no such thing as a resume in retail trading. Your years of experience are irrelevant to a moving candlestick. This is how it is put "Past performance is not indicative of future results". What that means is that when an Electrician says he's an electrician, he's more serious in his work than an analyst who boasts about guessing future prices.
And those Financial Bank Institutions with professional traders: they use technology, scripts, they even have software developers dedicated for them. So :) BTC looks bullish.
*Never treat a chart set-up like a trade, but as a means to approach a trade.
.
Khiwe
On this profile page, the shared analysis, ideas, and strategy of a chart belong to Khiwe, with some being influenced. The technical setups are speculative; they are not guaranteed for accuracy or completeness in the form of any content, and they are not intended to provide financial market advice. Please apply your own analysis and confirm it with price action.
Ukraine Legalizes Bitcoin (BTCFor the Ukraine, sentiment towards Bitcoin (BTC) and the broader crypto market has been more favorable. Back in September of last year, the government had introduced a crypto bill only for the Ukrainian President Volodymyr Zelensky to veto it shortly afterwards.
The Bill, legalizing and regulating Bitcoin, only had 6 votes against and 276 votes in favor. According to the Kyiv Post, the President vetoed the Bill and sent it back to Parliament for changes. President Zelensky cited a lack of funds in the budget to meet the regulatory oversight requirements of the Bill.
The previous bill had stated that “the virtual assets market would be regulated by the Ministry of Digital Transformation, the National Bank of Ukraine (NBU), the National Securities Commission (NSC) and a new independent regulatory body that would have to be created“.
Bitcoin (BTC) Price Prediction: BTC/USD Holds above $39K SupportOn February 17, the bears succeeded in breaking below the $41,800 support as BTC price attempts a rebound. The breakdown signals the resumption of a downtrend. In retrospect, the largest cryptocurrency has been range-bound between $41,800 and $45,000 price levels. The bulls made several attempts but failed to break the $45,000 overhead resistance. Sellers have regained temporal control of prices as BTC/USD declines.
Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000
BTC Market Cap Falling Wedge BreakoutBTC marketcap has been forming a falling wedge (bullish breakout pattern) since its recent highs in October and November 2021. This pattern was broken with the dip to 33k, but mcap has recently re-entered the wedge and broke out this morning. I would expect at least 40% increase of BTC market cap, or around $1 Trilion.
BTC/Crypto market - Cyclical analysisSome quick comparisons to last cycle and this cycle,
Timing compared to last cycle shows we are in the date range for the bear cycle to be confirmed.
Points of similarity's:
-Halving may have significant impact in timing to reach ATH again
Points of difference:
-Last cycle didn't have as large of a 'false bottom'.
-Confirmation of bear for last cycle was on month 3 (%70 drop). We can see confirmation by the end of this month, maybe even next month.
Tell Me What's Wrong With This ChartThe answer is that it's probably not bullish enough.
Bullish divergence on the MACD
Bullish divergence on the RSI
Looking suspiciously like the END of a boring W4 correction
W5 corrections are usually the steepest
Most of my models point to major volatility after March, but there may be upside in BTC into the summer?
For now, the accumulation phase has ended. It was good while it lasted for those latecomers who wanted a fair shot. Not for those who bought at the top with no conviction.
Be careful out there and check my last post for the short term wave structure out of the bottoming pattern on BTC.