BITCOIN BEAR FLAG!!Now that i have you suckers attention!
Looks as if were in a bear flag guys! Yes this sucks im ready to stop eating noodles also!
Okay, First confirmation i have is a decrease in buying pressure volume.
Second we have is 3+ touches i feel is the major confirmation.
third, We did get gdp negative so technically we are in recession
fourth, wait for the confirmation breakout none of this matters if theres no breakout and everything go as plan.
lets see how the next few days go in the market.
final thought~ there will be another retest to the upside and breakout to the downside and head to about 17k.
PLEASE LEAVE OPINIONS AND THOUGHTS . as you comment please seek to educate, correct, or simple thank me for my TA.
Btc-short
BTC IDEA FOR TODAY 03.08.2022Hello as in my last ideas when i predicted downside to zone around 22600 and then rally , now i see signals for short term chop to liquidate over laverage players. in my opinion good enter for short will be zone around 22500
In my opinion BTC will fakeout from ichimoku cloud to get some stoploses on badly placed shorts and continue to go down as predicted.
Bitcoin Trend Analysis July 31st! TIME TO START BUYING?Welcome back! Happy Sunday! looking at the week ahead- I do see bitcoin retracing down to 22400 - 22800 and thats the area you should be buying and ETH to 1400-1500. Like we talked about in my last video- its not a good idea to buy when bitcoin is going up; you should only buy at support levels. Its very tricky to find these areas but moving averages are your friend. Good luck next week!
BTC PredictionI have analyzed 2 historical dips after ALTH’s I have noticed two major trends:
Trend 1 LMACD: LMACD line crosses the signal line indicating a bearish market. Volume decreases, after an initial dump it pumps back up to critical fib level of 0.618. then dumps back. The total dip lasts around 400 days, and total market correction is around 84%.
Trend 2 MA: This indication starts when price goes down 20 Weekly MA, validates the support of 50 Weekly MA, goes up to 20 weekly MA (even crosses), then dumps to 200 Weekly MA. This pattern is confirmed when 20 Weekly MA crossed 50 Weekly MA.
Prediction: BTC has reached peak of its second pump to 51K, it will slowly descend to its support of fib support at around 23.5K, after that we will see a slight pump to around 34K. After that will complete its correction at 15.5k, with spikes to around 12.5K (84% correction).
BTC Short Follow Up to inverted scales chartJust curious what everyone thinks is the only I published the original range charts I used to devise those trades. I believe I am adjusting my stop since I am not using leverage and really am not worried about it. I know many use leverage is why I set reasonable stops on these ideas. I also understand that for some leverage might be the only way they believe they can build a small account. For some it may work if they have a lot of experience but for most leverage just kills accounts. If no leverage was being used and no liquidations levels were there I wonder how the market would behave? Sorry, that thought just came to me as I was mentioning the risks of leverage. Kind of thinking out loud a bit there. Leverage contributes a lot to price volatility, I know that.
Sorry anyway here is the follow up chart. It's the same just with the scales regular. I locked the PTB ratio on both charts to be able to size the chart to fit the data. Hopefully everything remained proportionate, but it is easy to really mess up a chart when you start messing with those and I did so in a hurry. Enjoy. I believe the more information you have the better decision you can make about anything. By data I don't mean indicators but actual data. Also volume profile I was using for the regular chart doesn't work well on range charts so ignore that. I do believe those liquidations at the suggested new Stop loss would be the end of the uptrend were it to reach that level. Funny how that looks like a supply area now isn't it?
This part of the trade is kind of an experiment. The original long was almost as good as they come in my opinion anyway. That was one of my better trades. I still see price being held up and I believe those liquidations are a big part of it because ultimately they are technically liquidity.
Please share your ideas and opinions. I look forward to hearing peoples thoughts here. I am sure some will have some strong opinions. From what I can see and have seen though it makes sense to me. I might be doing a poor job of explaining it though as I was never teacher, I was always more doing then teaching.
₿ 🛬 💥 BTC reaches TOP OF CHANNEL - SHORT INTO A MASSIVE DUMP!?As we reach the top of the BTC channel formed over the past month and a half, we are staring down a barrel with the possibility to enter a MASSIVE SWING SHORT position if certain conditions are met.
These conditions could be either trapped longs to fuel the way down to the 17000s or reentering the Value Area and price acceptance within.
As price hovers at the top of the channel I am patiently waiting for my entry and not risking opening a position without obvious confirmation.
Without a doubt, there are chances that we continue higher to 27380, but one should not rule out the possibility of rejection in front of us.
Best regards,
VOLK
Short btcHello, it is very possible we will see a bearish momentum in next coming days/ weeks .
Range around 23500 would be a nice entry .
SL: 24300
TP: 1. 21500
2. 20200
3.we can see retest the lowest point from june
If it goes our way try to keep some percent of position , it would be really nice trade in scenerio thete will be continuation of this massiv Downtrend.
Good luck.
Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time.
Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear.
On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
Bingo! APE SHORTSo previously on my last post I said if ape cross my green trendline, it will go to the abyss and it did. Depending on what BtC does, ape will follow. BtC and ape daily indicators are telling me we still have more downside. I might take some profits off my ape shorts when BtC is @ 18500 and 17500.
ICP Simple short setup failing to break resistanceSimple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day.
Setup presented as this looks to be reaching resistance, which was previous support. Entered short, will hold for a long time as this could be going way below 6 with prolonged bad market conditions.
Don't fall for all those clickbaits, here is why... Fundamentals
Most of you like myself started putting attention on markets, be it crypto and/or conventional ones during a time of steady economic growth and relative stability.
These fundamentals have changed, and it takes years for them to recover. There is a plethora of events and developments which counteract such a recovery.
Following incomplete list tries to outline those I am aware of:
Corona, which is far from being over
The global supply chain is congested
The great resignation
Increasing tensions between the West and China
The Russian incursion
The inability of central banks to rise interest rates to a level which would counter inflation
Global debt crisis (this is why central banks are cornered concerning the previous point)
The housing market is extremely overheated
Climate change
Energy crisis in Europe
Crypto is and never was independent from the rest of the economy.
Ask yourself a few questions:
Would you accept your full wage in Bitcoin or Ethereum?
Are you regularly shopping groceries and pay in crypto?
Have you encountered projects or third party software in your work life that utilizes or is based on blockchain?
Have you stopped needing a bank account?
Is proof of stake a decentral concept?
Is it still the democratic movement it was thought of in the beginning?
In over a decade this technology has not managed to get a foothold in any frequently used product or service. (I refer to something using the technology, but without being apparent to the user)
Technical Analysis
We can see a major resistance has been broken.
The first time this happened, was when Corona broke out.
If you look at the two, they are fundamentally different. While the first one fell and recovered very steeply, the current shows a whole different structure without any sign of impeding recovery.
So what is happening at the moment is a singular event in the history of Bitcoin.
The price action starts forming a bearish divergence, if compared to RSI.
It forms a bearish flag which targets ~13k
There is also the scenario of a relieve rally, breaking out of the channel and going up to 30k. But trading this is very risky.
Trade safe
Nik