BTC trade ideas
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
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 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.
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.
Running out of steam? Time to re-test! BTC broke strong today taking many of the crypto-youtube-fanboys by surprise.Will Bitcoin continue to impress? Or are we going to fail to break the near-term resistance and then resume the downward trend? Or will we re-test on the upward trend line and head back up? Stay tuned!