my kid drew us a map...i guess ill fix/tak3 it from here... thanks kid sure looks like an "accumulation phase_ wycoffian theory"
BTC trade ideas
SOS | InformativeNYSE:SOS
It's lagging compare to BTC.
it's at support level, and I expect reversal.
*This is my idea and could be wrong 100%
BTC COT - Still shows signs of negativity>BTC Commitment of Traders (COT) report stills shows signs of dealer negativity and declining retail sentiment.
Obviously, this can all change on a dime.
I don't plan trades on COT alone. However, what COT is good for is understand where market participants stand and what 'knock-on' effects may eventuate when market's reverse or when trend continuation occurs. Specifically,
- if the market is caught net short, any impulse to rally the market (BTC in this case), can squeeze higher before continuing,
- if the market is net short and biased in that way, Calls may be cheap relative to puts (so there may be an opportunity here to buy time usefully),
- Understand the 'mind of the market' which is often wrong and miss-timed - so may be a useful contrary indicator.
Recommendation
- check out Cost Basis and Realised PnL to understand whether new money is flowing into the market (at lower prices)
- keep an eye on any sudden changes of COT, particularly to the opposite direction, particularly where a market stalls and finds support (a good buy!)
- news and 'tweet' effects including ' potential squeeze risk!
Good Trading :)
volatility index down n gen. lookn great for altsstill like uni sushi aave 1inch snx n some yfi on zkswap also love eth n btc when it dips _ same for these alts. pick ur targets and cost average in _ take profits when u can n stable coin or n buy more btc n eth
Bitcoin marketcap is flowing into gold Bitcoin will need to wait on gold to drop in order to rise. The moment gold drops, they are going to blow bitcoin to the moon!
Bitcoin (BTC), Setting Up For A Potential Long.Bitcoin (BTC)
"Wholesale levels are the lowest risk levels of entries into any financial market. These levels are obvious to the eye if you know what to look for."
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spring test for shake out or run to resistancethis looked like the shake out (Orange n Red lines) until the sudden smaller time frame trend reversal. (YELLOW line) YFI SUSHI 1INCH ZKS n other ALTs with Utility like AAVE etc all look great n seem to be dragging BTC up... Kinda
see earlier wyckoffian theory post
srry for not posting as much family sudden coma near death stuffs that put life at a stand still but more soon
BTC Marketcap overexuberanceTaking a different perspective - we could consider we have been in a horizontal channel if we exclude the 'MUSK pump and rewind' which began on the 8th Feb 21 until his 'confusing' u-turn on May 21.
According to mining dynamics, we still have between approx 1051-1500 days to go until the next halving which suggests we're just only just past halfway on this cycle.
There could be very interesting times ahead!
BTCWe got a head and shoulders, after an impulsive on the 2nd shoulder, we got a range/consolidation pattern and inside the range we got a descending pattern. So price will be bullish.
IF BTC HOLD THIS LEVEL, WE'RE GOING BACK UP. IF NOT 15K This weekly chart shows we are on a breaking point for more bullish uptrends, ore more bearish if it brakes under. If it brakes under, it will be 15k, if not we will continue to 70k atleast in a short time.
BTC Green or Red?Because the bullish option looks less likely, I favour it. What do you think?
There will likely be a positive correlation between BTC and the DXY by end of June. Which will allow it to be superior to other hedges.
BTC lets get good lets see a run here
LIKE UNIswap 1INCH n maybe some sushi if she chills out.
AAVE looks like she is back on a cliff . (depending on what BTC does i may look to take a position but all in all i think DOT AAVE etc will get shook out for a bit longer _still if these r one of ur top picks might want to consider taking a position a small one n wait n see from there.)
BTC looks like she is thinking about a push while ETH stays flat (eth dominance is sharply falling while BTC dominance is on the rise)
n CONGRATS to all ya all ZKS HODLrs. 2.20 ish n 1.60ish plus seem like lower support/resistance levels of note for now
OCC or OCCAM fi is an ADA_Cardano launch pad n much more I would also look for deep market cap alt projects in the DOT ecosystem like DMST
overall i still think BTC wants to push for low 40ks n alts then after with key ones pumping first like sushi 1inch uniswap etc with profits into eth as btc cools off after 43 ish k A LOT of what ifs but that is the loose plan for now.
REMEMBER to watch ur BTC n ETH pairs compared to USD for any alt u r watching. like if BTC n eth r -.07 n .-.09 but fiat is -.2.6 a push from eth or btc n the fiat pairs will pump it from there if market turns up trend. watch which projects stand up to market downtrend these will pump the hardest when market turns. also try n think logical like what is needed. 1inch is the only way to split up big orders n not get killed on slippage. sushi for cross chain n uniswap is where the liquidity is for AMM etc etc etc
BTC market cap chart ://this is why we do thisLIKE UNIswap 1INCH n maybe some sushi if she chills out.
AAVE looks like she is back on a cliff. (depending on what BTC does i may look to take a position but all in all i think DOT AAVE etc will get shook out for a bit longer _still if these r one of ur top picks might want to consider taking a position a small one n wait n see from there.)
BTC looks like she is thinking about a push while ETH stays flat (eth dominance is sharply falling while BTC dominance is on the rise)
n CONGRATS to all ya all ZKS HODLrs. 2.20 ish n 1.60ish plus seem like lower support/resistance levels of note for now
OCC or OCCAM fi is an ADA_Cardano launch pad n much more I would also look for deep market cap alt projects in the DOT ecosystem like DMST
overall i still think BTC wants to push for low 40ks n alts then after with key ones pumping first like sushi 1inch uniswap etc with profits into eth as btc cools off after 43 ish k A LOT of what ifs but that is the loose plan for now.
REMEMBER to watch ur BTC n ETH pairs compared to USD for any alt u r watching. like if BTC n eth r -.07 n .-.09 but fiat is -.2.6 a push from eth or btc n the fiat pairs will pump it from there if market turns up trend. watch which projects stand up to market downtrend these will pump the hardest when market turns. also try n think logical like what is needed. 1inch is the only way to split up big orders n not get killed on slippage. sushi for cross chain n uniswap is where the liquidity is for AMM etc etc etc
LONG term short - comparing BTC previous cycle in 2017I was just looking at the cycle in 2017 and comparing it to this one.
It look like they both follow the same path, in exact the same day.
This forecast is already playing out and it looks like, we officially entering the bear market for the LONG term.
If you disagree please let me know your insights!
NO FINANCIAL ADVISE
BTC/USDBTC still inside descending channel
It was really boring phase inside this range
What next ? Can Breakout this time or dump again ?
According to chart BTC has this time a higher chance to Breakout because this is the 5th time to test resistance and potential inverse head and shoulders
Important Resistances :
1st : between 38k-39k
2nd : between 41k-42.5k (daily close above this bulls will have the upper hand)
What can we advice : extended patience .. opportunities are endless but your money not
Good luck every one and have nice weekend
REASONING ON BTC DOMINANCE - WHY THE DROP MAY BE OVERThis particular Dominance maeasure, adjusted by stablecoins, show that the down trend may have reverted.
1- we are bouncing on the 50MA
2- the fibo extension target of the last upmove is within the fibo retracement area of the last big downmove. Both are at the 200MA level
But what does this mean? Technically, dominance increases when BTC drops right? So, if the conclusion is correct, we should see some drop in BTC?
Not always. Depends on the moment.
Indeed, BTC can increase also in case of a big run of BTC, leaving all other alts behind. This was very unlikely at 60k as a big run had already been made, but it is much more feasible now at 35k.
Chart have to be read and interpreted, conclusion do not have to be taken blindly. Indeed, paradoxically, the dominance DECREASED today with BTC at -4% currently. It is due by ETH +7% vs BTC performance. ETH, with its 20% market share, has a key role in the Dominance chart.
Also, to be fair, if we just look at the original BTC.D chart (not this adjusted version), the last red candle signals a false breakout of the 50MA AT THE MOMENT. Let's keep this monitored.
BTC Recovering. Another move up soon?Looks like a possible inverse head & shoulders is forming on the BTC index chart. A possible LONG opportunity. I would watch how the right shoulder forms, should come down to the bottom of the left shoulder and also should be approximately similar width. Also wait for confirmation by letting the price touch the trendline up top because it could easily not touch and act against you as a reversal pattern.
