Celebrating Argentina's New President and Bitcoin's Soaring Pric
Bitcoin has skyrocketed above the $37,000 mark, and we have Argentina's newly elected president to thank for this remarkable surge. Let's dive into the details and explore the fantastic opportunities that lie ahead!
The recent election of Argentina's new president has brought about a wave of optimism and positive sentiment in the country. With a strong focus on economic reforms and a commitment to embracing digital currencies, the new government has sparked a renewed interest in Bitcoin. As a result, we've witnessed an incredible surge in its price, which is now soaring above $37,000!
This significant milestone not only showcases the growing acceptance of cryptocurrencies but also highlights the potential for substantial gains in the market. As traders, it's crucial to seize such opportunities and make the most of this exciting time. With Argentina's new president paving the way for digital currencies, now is the perfect moment to consider a long position on Bitcoin.
Here's why a long position on Bitcoin can be a game-changer:
1. Positive Market Sentiment: The election of Argentina's new president has injected a fresh wave of optimism, creating a bullish market sentiment that can propel Bitcoin's price even higher.
2. Economic Reforms: The government's commitment to implementing economic reforms and embracing digital currencies is likely to attract more investors and drive further growth in the cryptocurrency market.
3. Global Impact: Argentina's move towards embracing cryptocurrencies can have a ripple effect worldwide, potentially inspiring other nations to follow suit. This could lead to increased adoption and further price appreciation for Bitcoin.
With all these positive factors aligning, it's time to consider taking a long position on Bitcoin. By strategically capitalizing on this upward trend, you can maximize your potential profits and be part of a groundbreaking moment in the crypto market.
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Wishing you an exhilarating trading journey and abundant profits!
Bitcoinlong
BTCUSD Ascending triangleIn my previous analysis, we have a perfect analysis and follow every change of direction at BTCUSD.
Today we have an ascending triangle pattern with strong resistance at $37,984.
If this resistance is still hard to break, we will have one more bearish wave to reach fibonacci support or triangle support around $36,446.
If this pattern breaks up, bullish target $41,290
I will update more if I find a new pattern.
If you have any question, do not hesitate to contact me
Your support at this analysis will also support BTCUSD to reach bullish target
Click here to check my other analysis
BTC - just two lines proving a massive green wave incomingSimple as that.
There are lots of things I could show on the chart, but this one is for the beauty of simplicity.
These two lines are the main ones, though they are not the easiest to notice. I marked the touches so that you could see that they are beyond valid.
Seize the Moment: Explosive BTC Price Rally - It's Time to Long!Excitement is mounting in the world of cryptocurrency as we witness an extraordinary development in the BTC trading landscape. I am reaching out to share the latest market analysis, revealing an incredibly promising outlook for Bitcoin (BTC) that you simply cannot ignore.
Our technical analysis indicates that the simple moving average (SMA) of 50 days for BTC price has surged above the SMA 100 days, pointing towards an upward trend that demands immediate attention. This bullish crossover represents a compelling sign of positive market momentum, heightening the prospects of exponential gains.
But wait, there's even more reason to be thrilled! The SMA 100 days, matched with a positively trending moving average convergence divergence (MACD), further reinforces the notion of substantial upside potential. These strong indicators working hand in hand signify a remarkable opportunity for lucrative gains.
With this groundbreaking development, I urge you to take action and seize the moment. Don't let this exciting chance to long BTC slip through your fingers. By capitalizing on this trend, you stand to maximize your returns and position yourself at the forefront of profit-making potential.
Gain an edge in the market by staying proactive and being one step ahead of the crowd. As experienced traders, we know that timing is critical, and there has never been a more opportune moment to dive into the world of BTC trading.
#bitcoin #btc one final pump before the bull trap of the year?Here i setup my strategy:
+ Bearish divergence is being loaded (marked as red lines)
+ If price increase continues, 41K - 42K range is the probable top of this cycle.
+ When RSI tests the falling black line that area must be the top.
- Totally breaking under 34K is the invalidation.
NOT FINANCIAL ADVICE.
Combined script of MavilimW and DARVAS BOXBuy Signals:
MAVW Buy Signal: This signal is generated when the MAVW crosses above its previous value. You can use this as a bullish confirmation.
Darvas Box Buy Signal: The Darvas Box doesn't have a specific buy condition defined in your code, so you might want to add one. Typically, traders look for price breaking out above the upper boundary of a Darvas Box as a potential buy signal.
Sell Signals:
MAVW Sell Signal: This signal is generated when the MAVW crosses below its previous value. You can use this as a bearish confirmation.
Darvas Box Sell Signal: Similar to the buy condition for the Darvas Box, you can define a sell condition based on the price breaking below the lower boundary of a Darvas Box.
To make these signals more actionable, you can consider using a combination of these conditions. For example:
Ideal Buy Points:
Buy when MAVW crosses above its previous value (MAVW Buy Signal) AND the price breaks above the upper boundary of a Darvas Box (Darvas Box Buy Signal).
Ideal Sell Points:
Sell when MAVW crosses below its previous value (MAVW Sell Signal) OR the price breaks below the lower boundary of a Darvas Box (Darvas Box Sell Signal).
Keep in mind that you may need to adjust the parameters and conditions based on the specific financial instrument you are trading and the time frame you are using. Additionally, consider using stop-loss and take-profit levels to manage risk and lock in profits when trading with this strategy. It's also a good practice to backtest the strategy on historical data to evaluate its performance before using it in a live trading environment.
Exciting News: BTC Soars Around $36,000! SMA 50 > SMA 100 200The latest news is that BTC is currently hovering around an impressive $36,000 mark! This is a momentous milestone that demands our attention and calls for action.
Why am I so thrilled about this? Well, let me break it down for you. As seasoned traders, we understand the importance of technical indicators and trends. And right now, BTC is showing us some auspicious signs. The Simple Moving Average (SMA) 50 has surged higher than the SMA 100 and 200. This is a clear indication of a bullish trend, suggesting that BTC has the potential to continue its upward trajectory.
Now, I don't know about you, but this information has got my adrenaline pumping! It's the perfect opportunity to capitalize on the market movement and maximize our profits. So, without further ado, I urge you to consider joining the long BTC movement today!
By going long on BTC, we position ourselves to benefit from the potential price appreciation and take advantage of this bullish trend. As we've seen in the past, BTC has a history of remarkable surges, and this could be just the beginning of another significant upward movement.
So, here's the call to action: Take action now and seize this golden opportunity! Open your positions and go long on BTC. Don't let this thrilling moment pass you by. As traders, we live for these exhilarating market conditions; this is our chance to ride the wave of success.
Remember, trading always involves risks, and it's essential to conduct your own analysis and make informed decisions. However, with the current market indicators favoring a bullish trend, going long on BTC seems like a promising strategy.
As always, stay updated with the latest market news, monitor your positions closely, and adapt your trading strategies accordingly. The crypto market is dynamic and ever-changing, but we can navigate it successfully with a calculated approach and a touch of excitement.
Bitcoin Wyckoff Distrubution Schematic #1 - TOP IS IN -Bitcoin is finishing Phase C of our wyckoff distribution schematic #1. This indicates that whales have been selling bitcoin all the way up. Good chances we have finished the upthrust after distribution (UTAD).
03/24/23 Preliminary supply (PSY)
4/14/23 Buying Climax (BC)
4/24/23 Automatic reaction (AR)
06/15/23 Signs of Weakness (SOW)
07/13/23 Upthrust (UT)
11/15/23 UTAD
ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
ADA to start growing faster than BTCCRYPTOCAP:ADA & BITSTAMP:BTCUSD
The recent performance of ADA (Cardano) suggests it is a promising buy for investors. After a strong recovery from a support level of $0.23 on October 19, ADA experienced a significant rally, soaring by 65% to reach $0.40 by November 11. Although it's trading slightly below this peak, ADA is maintaining an upward trajectory, indicating potential for further growth. The currency seems poised to reach or even surpass its upper range near $0.42, which could represent a gain of around 16% from its current value. This pattern of recovery and growth makes ADA an attractive option for those looking to invest in the cryptocurrency market.
COINBASE:BTCUSD
Blue means go [long]On the reverse pmarp it show blue and that means a lot of buying has occured. That is a good sign that things could get to $38,000 to $42,000 in the weeks ahead. On the four hour the overselling has occured and now it's time to buy anywhere down here. Please try to stay in the game until the overbuying occurs. Be careful and trade safe.
Bitcoin to continue moving downwards until tomorrow eveningthere was a significant drop in the price of Bitcoin as it experienced a sudden decline of $1000, bringing it down to $35,344 by the evening. This downward movement caught the attention of traders and market observers. The Relative Strength Index (RSI), a commonly used technical analysis indicator, also signaled a bearish trend, further supporting the notion of a potential price decrease.
During this period, Bitcoin exhibited a rapid decline, with the price falling by approximately $75 every 15 minutes. This swift descent created an atmosphere of heightened volatility and uncertainty within the cryptocurrency market. Traders and investors closely monitored the situation, considering various factors that could have contributed to this particular market movement.
Events like these serve as reminders of the dynamic nature of cryptocurrency markets and the importance of closely monitoring price trends and utilizing technical indicators such as RSI to aid in decision-making. It's crucial to conduct thorough research, stay informed about market developments, and exercise caution when engaging in cryptocurrency trading or investment activities.
3 Scenario Outcome for BitcoinSpeculation is just that, only speculation. Ideas to guide your trading and/or investing journey. I put a good amount of time in researching and charting over the last year to specifically develop this thesis. I hope you enjoy and please like and share, even if it's to ridicule my analysis!
With that said, it looks like there are three scenarios that are 'most' likely to play out over the next 2 years:
Scenario 1: Worst case (Red Path). Bitcoin ETF's are denied and/or a major market crash happens beginning Dec '23 or Q1/Q2 '24. Targets are the lower channel back at bear market bottom, the Value area low (Blue) & nPOC (naked point of control sitting above VAL) or below, to include CME gaps of a. 20.3k b. 9.7k & c. 3k at the very worst. 12k bears will rejoice. I for one will be selling the farm and my first born at 9k or below.
Scenario 2. Bitcoin ETF delays (Orange Path). The range continues with a top off near the Macro VAH at about where price stands as of today, 11/11/23 @ 37k-39k. Price would most likely seek to validate back to fair value at 32k, and then retest down to 20.3k for the CME gap fill creating one of the most powerful patterns as an inverse head and shoulders. Given the channels, this seems the most likely with an upside target to the VAH again near dump of April/May '22 and now resistance at 48k. Target is summer of '24.
Scenario 3. Moon boy status (Green Path). This means the Bitcoin ETF was approved prior to any fundamental problems (ie FTX 2.0, WW3, declared depression, etc) and no need to wait for price to come down past 32k, possibly ever.
B. There is the possibility of a priced in ETF scenario that allows for the channel to stay valid. In this case, if price action does not moon over 48k up to ATH's, it likely sets a re-accumulation zone above 48k, playing within the upper channel, with a last dip into the 30k's before we see ATH's.
Either way, Bitcoin is ready to rock and roll.
Now to the less juicy part of this bull run. Give the diminishing returns as most assets have as they age, it looks like 100k is going to be the biggest and baddest of all resistance from a percentage standpoint. Gone are the days of 33k% gains. From the top of each market cycle to the next top we go from over 1k% to now 250-ish% last cycle.
Here's where I 'm at from a charting and fundamental stance:
Bitcoin gets a 44-54% blow off top (Shown in price range) from previous ATH's up to 100k-ish. If it's more, great, sell because you've been stacking or you're long. Buy your lambo, more power to you. However, given the current M2 issue, loan maturations (refinancing in '25 from 2.9% to almost 5%) as well as the overall credit and savings crisis, Bitcoin's blow off top could be in the 80-88k range. That would put the total market crypto cap at ATH's of 3.5-4 Trillion range. If Chairman Powell decides to turn the printers on for 2025, then some of the moon boi's out there may see 150k, so we all win anyway from a plebs perspective. #Stackon
$RVN BREAKOUT Falling wedge in Weekly TF And also retested ** NGM:RVN BREAKOUT Falling wedge in Weekly TF And also retested **
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
6. **Target Price:**
- Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point.
7. **Risk Management:**
- Consider your risk tolerance and position size to manage your risk effectively. The risk-reward ratio should be favorable.
8. **Monitoring the Trade:**
- Keep an eye on the trade to ensure that the price continues to move in the expected direction. Use technical analysis and other indicators to guide your decisions.
9. **Profit-Taking:**
- Once the price reaches your target, consider taking profits. You can also use trailing stop-loss orders to lock in profits as the price moves in your favor.
10. **Adapt to Market Conditions:**
- Be adaptable and monitor market conditions. If the breakout does not follow through as expected, be prepared to exit the trade with a manageable loss.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
BTC overview What's Next?BTC breakout the 32k resistance level in 23 October, since this day BTC is traded between 33k-34k Levels.
So what's next?
- Today's the monthly closing is considered the highest in a year.
- The 30k to 32k level act now as support area.
- 37k-42k are high selling areas.
- If Monthly candle close above 34k we can expect a big move soon.
- If Monthly candle close bellow 34K we can expect BTC to drop to 31k area.
Key moments
- I'm waiting for the monthly closure to confirm my next move, going above 35k will be mega bullish.
- the next Weekly closure is very Important also, we can see what November has in store for us.
Note:
- We've a sideways movement for the last 7 days, for the moment we've Monthly candle closure so if the breakout happen we can expect 37k soon.
Please be safe, DYOR and keep your risk management On.