BTC trade ideas
CryptoCAP BTCIf wave (b) has really been completed, we are in wave (c). This means that Bitcoin will lose more than 98% of its speculative capital. This would correspond to a price between 900-1000 USD.
Sunset on BTC? - BitPig Terminal SetupI've been both a BitBull and a BitBear recently. I've also been incorrect recently when subjecting my opinion in either direction. Thus, I am going with my most objective BitPig analysis today and providing what appears to be the most likely scenario. Although it is ultimately Bearish, I am not a Bear in this case. Just BitPig with a BitDream is all.
BTC may shock everyone with a sudden reversal soon. The pattern that appears to be forming is a type of terminal fifth wave that ends with a horizontal triangle and subsequent retracement back to the Wave 2 line in red.
Should this happen, we might see a much heavier selloff thereafter.
I'm expecting a sunset, but if the horizontal triangle gets broken to the upside, we could be seeing a new sunrise instead.
-BitPig Rises, BitPig Sets
CME:BTC1!
BITBAY:BTCUSD
BITBAY:BTCUSDT
BITPANDAPRO:BTCEUR
CRYPTOCAP:TOTAL2
#BITCOIN 1 Trillion market cap ✅#BITCOIN 1 Trillion market cap ✅
(and yes, that small peak is 2017 lol)
#BITCOIN 1 Trillion market cap ✅#BITCOIN 1 Trillion market cap ✅
(and yes, that small peak is 2017 lol)
Gauge the crypto market sentiment (Institutional & Retail)Whale and institutional investors initiate the trend in the Crytpo market while retail investors help pushing that trend to its peak.
Of course, there are many more things to look out for, but you will be staying one step ahead of many ppl just by paying attention to these few things in my chart while avoid becoming bagholder yourself.
Nearby repeating pattern? Or a re-test and continue up?Looks like we have a repeating pattern here possibly, or a re-test before continuing up.
I've been learning about Camarilla charting (thank you Gunslinger) and have been trying to add those into my charts without over-powering my own charting. Still a work in progress.
BTC: Market Cap to Thermo Cap Ratio [Overall Bullish]Chart:
I saw an analysis' posted on twitter by Rafael Schultz-Kraft and Geert Jan Cap that puts us in the lower end of the bull cycle and felt I should share on here.
Last bull market $BTC was @ $8500 at the current Market cap:Thermo cap level
Price increased 135% to the top in a month
From the current price 135% is $110,000
To see a better chart of this go the Rafael's twitter to get the full view with current Market cap:Thermo cap data
BTC DivergenceIf the divergence is successful the price will fall, it will tighten the first signal to reflect well if we have to leave the ship
Yet another stab at price action, near-term down, long-term upI know there are more sophisticated ways of approximating Bitcoin price action. In looking back at prior 20% corrections/consolidations and the speed at which the events occur, we can use a prior example and draw from that a likely scenario.
Charting provides great insight into your investments. Draw your own conclusions. There are lots of great content out there that provide alternative viewpoints. Take all of the ideas into consideration.
Bitcoin supporting an upward channel, lower trend line belowI know there are more sophisticated forecasts but I always believe in the simple. For now Bitcoin is supporting an upward channel but a lower upward trend line remains below as a 'worst case' pullback. Let's see.
Bitcoin doesn't see its shadow - breaks resistanceBitcoin takes groundhog day by storm and pushed through resistance and into a narrow upward channel. Will this hold?
A lower trend line intersecting with the MA200 (1 hr) about 6% off today's high has been broken several times over the last week. Not fear mongering, just stating what is possible in the near term. There are so many places for speculation right now, I feel it makes this situation a bit more unpredictable.
What will February bring? So many areas and trends to focus on..In order of most activity or strongest to weakest.
1) An active horizontal area of support and resistance since Jan 1 (white lines).
2) Downward and upward trend lines forming a wedge pattern
3) An upward trending channel we entered in the last week of January and are trying to re-enter.
Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside.
I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
Positive volume keeps Bitcoin in a rising wedge, trend line I'm not sure we can put links here, but I thought this volume by exchange chart was interesting. data.bitcoinity.org
$BTC - Dominance Market CapPurchases continue on bitcoin so they are just being placed on "Scalp" buy and releases at the moment.
The reviews to raise BTC Dominance above 90B are great, let’s wait to see how the market will dig this weekend.
Several possibilities including a repeat of recent lowsThere are several possibilities here. Including a dip down to a lower upward trend line that has been touched momentarily before, and then a resumption up. There will likely be buyers again down here, and probably the same buyers who are selling the swing.
