BVOL7D trade ideas
Watch 17200 and 17600
Looks like it will break persisting indecision shortly.
The key price would be roughly 17200 and 17600 (see related ideas below).
I'm interested in whether BTC defeats the bearish AB=CD to form a diagonal triangle with an upside throw-over, or ends up in "failure" in Elliott's sense.
XBT Short-Term 1H | 29-Nov.We see a breakdown 27-Nov. of the MA200 support.
As expected, the next support level marked blue on the chart was tested with the low set around $16,000.
We see a price bounce and the bullish bias short-term remains intact.
XBT is aiming again at $16,333 where EMA50 and MA200 are now sitting.
The bulls should be able to takeout this level easily and then continue up.
Mid-week, Wednesday/Thursday the bullish move should start to pick up speed.
Normally we get bearish the first half and bullish the second half of the week.
CHANGE
On a drop, the support levels are marked blue on the chart.
Namaste.
LONG X 20 HIGH PRECISION BITCOIN ORDER FLOW TRADINGLEVERAGE BTC Futures LONG ✅
Entry Point : USD 16070
Target : USD 17000
Stall Brake : USD 15770
Leverage is extremely risky and must be executed with money that we are willing to lose or touch the stop loss
Leave a comment that is helpful or encouraging. Together we can dominate the markets.
Trading is the only trade in which the only one responsible for our actions is oneself, our worst enemy is oneself, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and knows how much to invest and where to stop losses is you, and only you, so always remember that.
Important note:
The alert for the taking of anticipated profits, the adjustment of the stop loss and the closing of the forced operation are not made by this means.
And also always remember to have control over your losses, focus on this and you will lose.
XBT Short-Term 1H | 26-Nov.The chart technically stays the same.
While XBT has gone below EMA10, 21, 50 and 100, it remains trading above MA200, the main support.
If MA200 at $16,410 fails, then $16325 will come into play...
Anything lower and Bitcoin can easily test the blue support level on the chart, high 15Ks.
But we continue to see consolidation nothing more.
If I had to guess... I won't.
Let's wait and see how it goes.
Namaste.
LONG Bitcoin - For It has BottomedWhat can I say, I have a bias.
But you know what, I'd rather be temporarily wrong and right after for a long time than temporarily right and wrong forever after.
Also does the chart not speak for itself?
I don't assume anyone looks at these, but if anyone does and would like an explanation, I'm happy to oblige.
XBT Short-Term 1H | 25-NovNot much change.
We have the breakdown 20/21 Nov. followed by a recovery 22/23 Nov.
After the recovery, we are seeing bullish consolidation.
Bitcoin (XBT) stays above MA200 and EMA10.
Bullish signals in this short-term analysis.
If MA200 is lost as support, XBT can revisit the lower levels marked blue on the chart.
Currently the bulls have the upper hand.
Options expire today which is normally a bearish event.
Watch out for sudden moves.
EMA300 ($16,755) is the immediate resistance on bullish pressure.
That's all for now.
I'll keep you updated.
Thanks for your support.
Namaste.
Bottom is in?No analysis, just a personal reminder of a macro tesis that I have
Gold (and miners) is up
SP500 is recovering
CPI going down
Crypto influencers are quitting out
Media screaming "Crypto is dead"
First weekly bullish divergence ever
Recession incoming (crab market is possible for crypto)
Bullish on ETH and new narratives without a hype cycle until now (Subnets, Parachains, Cosmos Ecosystem, IA, ZK Tech)
Where Do I Buy Bitcoin? - My BreakdownWith a lot happening in the crypto market right now (not much positive) we have to consider bitcoin playing out based on the video I did a few weeks back which I linked into this description.
So I thought it was prime time to start giving a breakdown of some limit order options I am keeping a close eye on.
If you like this content, please do hit the little rocket ship button in the bottom right, ask any questions you may have and feel free to post on your socials.
Have a great day!
XBT Short-Term 1H | Bear vs BullOnce again we look at Bitcoin (XBT) short-term.
We have a recent bullish move... What happens next?
Above the blue and grey lines the bullish move can continue.
Immediate resistance is also found at the black line or MA200 ($16,483).
Looking at these three levels, XBT needs to move above the $16,500/$16,850 price range to knock out the bears.
Any trading below the blue line (~$16,615) can keep the bears alive and the drop resume.
If this level are conquered, then the balls passes towards the bulls.
More details on the chart.
Still red...
Namaste.
Points that warn #Crypto could have a huge short squeeze.Fibs and forecast/price estimate are mainly done just out of interest to see what happens. But there are various things to support a short squeeze may be setting up.
Let's look at some things we can see in a short squeeze in a developing/developed downtrend and how they relate to BTC.
Squeezes often a preluded by ranges. People given time to decide it's a big level. Think a low is in. Then think the breaking of this level is highly significant and will tell them the direction of the near term trend. Has to be time to establish important level.
Obvious devastating news. When a trend is turning usually there are reasons everyone knows it will continue. Like the El Salvador news at the top, the FTX news may mark the bottom.
Everyone needs to know the move is continuing. There needs to have been time to establish an important price. Mis forecasts of the low. Bug failure of implied important support and w/ news everyone will understand is bearish. It becomes a short squeeze by attracting shorts.
Our spike low comes in butterfly form. A known false breakout pattern which also has the properties of the last move always being the strongest, usually supported by news. Shorts before this bull pattern fails may be very untimely. Butterflies come at highs/lows, if working.
The idea of a Cryptocrash and it being inevitable this is going lower is deeply rooted now. But for us to not have some significant bounce around this level would be improbable. From very early on there were ways to define this 15K area as somewhere we could bounce/range.
I think BTC has made an important break and this break has increased the chance its in a multi yr bear market - but if it is, it can easily have 6 month + bull traps and in these types of traps stocks often double. Something volatile like BTC could easily do a few 100%.
I think there's speculative value long here with stops under the low to get out the way early if there's a run-away train - but more importantly, I think this is a risky area to be short w/ wide stops. If shorting, I'd think it's best to use tight stops.
The conditions for a short squeeze are all here. Terrible news in the headlines, a narrative established over time beat down in hours. A big exit from bulls and rush in of bears. All concurrently coming on levels a bounce always seemed probable.
XBT Short-Term (1H)We have a bearish continuation/consolidation pattern.
- XBT broke down yesterday, 20-Nov.
- We have multiple strong bearish candles ending in a new low.
- Bullish candles are being rejected closing with long upper wicks.
- Trading below EMA10 and EMA21 signals lower.
CHANGE
Moving and closing above $16,350 on the 1h timeframe can signal recovery.
Note: This is a short-term analysis.
It won't be valid for long.
Thank you for reading.
Namaste.
Is the end of the bear market for digital currencies?Hello and good evening, my friends
Bitcoin is likely to make its last downward movement with the divergence of the movement, even in terms of time, it is ready for an upward trend, but for now the bear market is more powerful.
And there is a possibility that we will witness the diagonal pattern of the end
Also, this is just an analysis based on my experience
Good luck and be patient in your dealings
Long live the crab4hr timeframe let’s gooooo
We have net more shorts than longs since 10 Nov.
(larger stakes* in fewer hands for the longs, and fewer stakes in more hands for the shorts).
*not relative to portfolio size
Fun fact: google trends “sell BTC” interest is at an ATH for last 90 days,
while “Buy BTC” prints a nice 5 wave Elliot down from a 9th November ATH.
We also see Open Interest declining while PA crabs.
We can take that to mean less liquidity for the underlying asset (BTC).
Declining volume is same story.
OI moving with trend supports trend,
while divergent OI indicates less buyers or sellers to open new positions/ are opening offsetting positions.
So what does declining OI mean when PA crabs?
A larger move is imminent (more probable).
Why? Less liquidity = sensitivity to volatility.
No because that symmetrical triangle formation.
Like isn’t that a bear pennant?
TA contrarian here.. I think price will pump. Maybe 17.8k?
I’m not making any calls. Just saying, smart money is in the longs and them shorts gonna get lemonaded.
Okay sorry for leading you on with this TA but I’m distracted right now so wrapping it up here.
not trading advice
BTC (possible) Macro CountA possible bottom could be in for BTC. It could still go lower somewhere in 2023 but I would expect a multi-month 5-wave to take the price higher first. Also we have a massive multi-week bullish divergence on the RSI.
If it did a 5-wave up then come back lower it would = ABC + X + ABC = WXY. (I'll post an example below).
Remember this is a weekly chart so we could have some shorter timeframe stabs lower but I expect the weekly chart to hold this .786 area.