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BTC (BNC) 1D - Are we seeing lower lows before Trendreversal?Bitcoin is rallying since couple of days and making all Bulls extremely happy, yet, we need to pay attention of possible downtrends or invalided patterns for a bullish scenario. The falling wedge (purple) is playing out so far. Adding FIBA from the local high (5. NOV - Start FTX Saga) we see that level of -0.618 are reasonable. For now we are looking at Fiba level 0.5 that coincides with the falling wedge and a Reversal Point (blue). Eventually we get higher to Fiba 0.618 as potential Bull trap and get all the way down before we rally. At the level of 18,700$ for Bitcoin is a major liquidation level waiting to dumb the price. Another liquidation levels are at 15,500$ and 13,800$ Thanks for reading, commenting and sharing.
BNC:BLX
by Sidi25_
Nasdaq Fractal Blackswan Cycles 📈📉The average citizen lacks any real understanding of Central Banking all they know are uneducated talking point from 🐑 that have the same or less power over their lives & the system as a whole that gave rise 2 them at leverage while they are none the wiser they are referred to by the architects of the system as... 🤓👉 ( working class / human capital) Scandals like Enron, Madoff, & now FTX are just bi-products of easy money policy that gives risk to excessive risk seeking behavior by the 🐑 which the FED understands most be corrected out of the system in order to maintain the 100 yr + trajectory they have done with the United States of America & ensure the survival of the livestock in the farm so the country has a stable to growing labor pool to remain an ongoing concern. There is a reason Steve Jobs didn't care what the peeps in the mailroom complained about and that is cuz its not their system and they have no idea how lucky they are to even be part of it 🧐 This cycle with FTX is just one more demonstration of just how much The Federal Reserve is the market & really knows what they are doing. As painful as the de-risking process the Fed puts the country through can be we can see on the macro that it is indeed a necessary evil to flush out back actors that form during easy 💰 policy cycles ♻️ & before they can grow even larger & more damaging to the system as a whole 🤓 Bear 🐻 markets end in mass graves 💀 so these events are 🔑 2 bringing aboutthe depression phase of the cycle & bottoming out the market before the Fed engineers new growth 📈 Patiently waiting for 2024 💡
NASDAQ:NDX
by Kazonomics
7
Daily Bitcoin Update - Move lower as expected | ECB HawkishEvening all, Full TA in the video as usual. Some notes: - Bitcoin clinging on to the lower trendline of the rising wedge we have identified. - Look for support levels on a breakdown - $16919 is an important level - The breakdown measure move is around $16374 - If we do break down past $16919 look for a bearish retest and a possible short opportunity - Daily Indicators - Stoch RSI, RSI and MAC D looking bearish. If the MAC D crosses down we could see some strong movement down from Bitcoin. - Major stock markets are all down today - SPX, ES1 and Nasdaq (the ones that we follow) - USDT dominance increasing suggesting that traders are moving back into USDT - DXY also on the move after testing major support - if the DXY increases, Bitcoin generally decreases - Keep an eye on your alt positions. With BTCD increasing and BTC decreasing - Alts are getting REKT. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSD
by BPOI
2
BTCUSD Cost basis indicates current mid-pointBTCUSD cost basis indicates that potentially the downside target is just over USD 12k, with upside of the range currently around USD 24k. This analysis's is based on 75% of BTC current supply (being around 80% of 21 million) can be traded and around 20% of that supply is more active than HODL or cold wallet volumes. Whether 60% or 75% numbers are used, the lower support line is still around the USD 12-14k mark. Realised profits and loss calculations indicate that volume shifted in BTC has been due to storage and not profit/loss realisation and exit out of BTC. The point being that a potential low is forming, but we are not quite there yet.
BITSTAMP:BTCUSD
by Adam-Cox
Bitcoin and cryptos - time to bail? too late? safe haven?This custom chart that I post periodically continues to have excellent TA. Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed. The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos. BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years. So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals. But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;) Good luck out there everyone!
TVC:GOLDLong
by greenvention
1