#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoinpriceprediction
Bitcoin – my low-risk trade revealed!Hello, everyone!
My last call with the head & shoulders pattern was quite successful. Since there I found the downtrend weakness only today.
Look at the 1h timeframe BINANCE:BTCUSDT price chart. We can see that the first up fractal which has been overcame is located at $21717 . I opened long trade with the very tight stop loss at $21639 . This trade is risky because the new uptrend still has not been fully completed. The Awesome oscillator is aslo gaining the momentum right now which is the another one bullish confirmation.
What is potential target? We have the imbalance candle which has started this dump. Price has the magnet level at 50% of this imbalance. Therefore the target is $22200 .
Best regards, Ivan
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Bitcoin -> Be Ready For The Next MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Bitcoin just recently had a massive 50% pump towards the upside without any noticable correction.
Therefore, it was quite expected that we will at least have a short term retracement, which the market is currently providing. However since we are now testing previous weekly resistance, turned support, I do expect the continuation towards the upside from here.
On the daily timeframe we can see the same picture, the market is about to retest a previous daily resistance zone; I am now just waiting for a deeper retracement before I do expect the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high.
Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February.
Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k.
Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
the confluence of 3 possible bottom signals1) pi cycle low
2) trading and holding above the 20 week sma and 21 week ema
3) the printing of bitcoin's first green monthly heikin-ashi candle after 12 months + of carnage
although it may be difficult to imagine, history suggests that the confluence of these three indicators may foreshadow the birth of a new bull cycle
bitcoin's first green monthly heikin-ashi candlehistory seems to suggest that bitcoin's first "green" monthly heikin-ashi candle following 12 months+ of absolute carnage marks the birth of a new bull cycle. it is important to note that this does not indicate the bear market's bottom, but rather a decent confirmation that we are currently transitioning out. the recent print of january 2023's green heikin-ashi candle may very well be a positive omen suggesting where we're all headed in the not so distant future
credit to ben cowen of intothecryptoverse.com, who seems to be the first individual to discuss using monthly heiken-ashi candles as a tool to understand where we stand in any part of a cycle.
Bitcoin – my new intraday long trade!Hello, everyone!
Today I am back with my new long trade setup. Earlier I tried to make predictions and sometimes it played out, but when you try to predict the market move, one time you will be in the disaster. That is I have faced with recently. I was lucky to have the nice money managenent, that’s why I have lost only 8% of deposit. Now I am just following the market with my trading ideas.
On the 1h time frame BINANCE:BTCUSDT chart we can see that after the impulsive move the price started the corretcion. Now it has reached the 0.61 Fibonacci level, which could be the nice long entry point. We also have comfirmations with the gaining momentum on the awesome oscillator. The BTC has already broken the first fractal above the Williams alligator indicator’s red line, therefore I executed the long trade with the setup you can see on the chart.
Best regards, Ivan
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
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$10.3k #BTC - [Jan/Feb 2023 ]FACTS:
BTC Draws Down 85% from the ATH.
BTC has GONE BELOW the ATH in Jan/2015.
BTC is currently 75% Draw Down.
If it continues THIS cycle, BTC will hit the $10.3k price target @ the bottom og the Channel meeting the 85% Draw Down narrative be early Spring.
PRICE:
$10.3k
WHEN:
Late Jan 2023 to Feb 2023
$7k Trend Line CRASH Narrative:
(89% Draw Down) - Unlikely?
BTC/USDT Binance technical analysisHello,
Today I will look at the BTC/ USDT pair on Binance in the 4h timeframe. The demand zone is sitting around 16K, and the supply zone is around 17K. I can see that the descending triangle is formatted, and I am expecting that the price will go downward from its current position. I am expecting a downtrend, bearish movement, and the price of Bitcoin to go down to at least $16200 in the next few days. Even if we had some small uptrend situations in the past few days, we are still in a bearish cycle. If the opposite happens (a bullish movement), we can expect the price to rise around $18,000, but I doubt it.
Enjoy & have an amazing day!
BF
$17,436 Bitcoin price on September 26th, Vix Cheat SheetHello everyone,
VIX closed above the upper bollinger band today September 21st. The Vix Cheat Sheet indicator says that the maximum loss over the next five candles could possibly be 5.36%. It says there will be barely any gains until the next ten daily candles are reached and only then will there be a gain of 1.36%. The last few Septembers have all been blood red for Bitcoin. Why should this be any different? I am always looking for scalping opportunities but it hasn't been going well because of so much volitility.
Do you believe that bitcoin is going to $14,000? I don't think so but only time will tell. Try the vix cheat sheet indicator for yourself and let me know what you think. Can you read the small box it made on this graph? Try looking at it from a computer and not your mobile phone. You will see it says "over the next 5 candles the maximum loss is around 5.36%. The maximum gain it says is 0% yet over the next ten days it says around 1.36% gain.
However for scalping I will try to use the Phoenix Ascending plus Bad Ass Bollinger Bands. Check my previous instructions on that. Please leave a like on both. Thank you. Make sure to follow for more.
Indicator: Bad Ass Bollinger Bands by wyckoffmode InstructionsHello,
At this time you may buy Bitcoin below the lower indigo band of Bad Ass Bollinger Bands and sell above the white upper band.
In the future you can come up with your own trading strategy by looking at the BBB indicator and finding the points on the indicator where buying is optimal. For instance like I said now is the time to buy below the lower indigo or "blue" band and sell above the white upper band.
Please, I'm interested to know your thoughts and would appreciate if you write me some information in the comments about this.
Please, pair Bad Ass Bollinger Bands with "Phoenix Ascending" also by username wyckoffmode aka David. He's a great man.
You may also ask him for access to "Phoenix ARI" and combine stochastic RSI with Phoenix ARI because Phoenix ARI is less susceptible to price action. By merging the two you get a good glimpe of volitility mixed with price action.
By using Phoenix Ascending a general rule of thumb is to buy Bitcoin when the blue LSMA is below the 20 line. However as you can see that doesn't happen a lot. So try to buy when all three green,red and blue are as close to the 20 as possible with green even being below the 20.
The best timeframe to use this on in my opinion is the three hour. If you are using this on the 15 minute or 30 minute chart please make sure you load a copy of the 3 hour and 6 hour charts in another tab and monitor to them to accurately make a good trading decision. Always remember what it generally boils down to in this market is to buy below the the lower indigo and sell above the upper white.
Good day and best wishes.
$19,065 on September 18th? VIX Cheat sheetHello my dear trader friends,
The VIX Cheat sheet indicator on tradingviews works when the bollinger bands indicator for "VIX" are at the very top. When this happens the VIX Cheat sheet indicator works at its finest. Now is the time that the bollinger bands are at the very top on the VIX chart. So when we use the VIX cheat sheet indicator on bitcoin we can see what percentage numbers of gain or loses will occur. As of right now it says the greatest loss that will happen over the next five days would be a 5.95% loss over the next five candles. This means that the greatest loss that could happen ending on September 18th would be Bitcoin going down to $19,065. The VIX cheat sheet indicator does say that over the next ten candles there will be a 1.34% increase in price. So if you take the price of what Bitcoin is right now ($20,265) and add 1.34% to it that would be $20,535. So this might possibly mean that we go down to $19,065 within five days and up to $20,535 within ten days.
Please have a look for yourself and let me know what you think. Does anyone else use the VIX cheat sheet indicator? I am a student of trading and for a decade I have been learning old and new indicators. It is my passion.
Bitcoin can retrace 86.69 % from here and dip into below 2800 $!Hello traders .. in my opinion crashing price below 2817 $ can change minds from mania phase into historical fear phase to shake out all strong and weak hands .
guess then what ? we will moon to 400,000 $ in maybe 4-6 years from now .
bitcoin price now : 21575 $ - 2022 September 11
help by boosting the post ♥
BTC [SHORT] NEXT 5 Days, Loss of .22%While using the VIX CHEAT SHEET INDICATOR under the indicator section of trading view it gives the following figures for the next five day price analysis of Bitcoin utilizing the VIX.
Within the next five days there should be a retracement of .22%.
Within the next ten days there should be a total gain of 1.00%
Please go ahead and try this indicator for yourself and leave a comment below if it has helped you. Do you have an opinion on this? Please leave a comment below.
Bitcoin Daily says we are going up up up Target - 26.8kThese indicators are telling me that we are moving up, this breakout looks very unsure of itself though. There is definitely alot of volume but it is not increasing like it should be. Probably because of the high RSI, a lot of players are getting ready to short. I think the price is going to up around 24.9 and then retrace back down to 23k so if you wanna take the ride to 28k, start keeping your eyes on for a good entry. Market sentiment in general is still very bearish, so I don't think that BTC has the power to break past 28k. So I am not saying the bottom is in just yet, the bulls are just making a statement and liquidating the bears because they are bored. The best chart to look at to get a solid idea of what is going on in any crypto market is its daily market, often when we trade on the 1m, 5m or even 15m charts they are heavily manipulated. That is why I am publishing this call; because I believe in it. The MMA lines on the Mac d are about to rise about the volume bars, the baseline is slightly above the conversion line, and there was a price breakout. The RSI is far from overbought so the bulls have a lot of room to move the BTC price up without any sell pressure.
when is the bitcoin bull run? bitcoin long range targethere is my analysis on the macro situation for bitcoin.
using elliott wave, we can see that regardless if a bottom is in or not, this will be the final leg down and that we are going to start a run from here.
elliott wave is able to show me where we are in the market and by using the fib tool, i can get a rough prediction and bounce points.
my targets for the next run are from 185k-249k, this can depend on adoption and things like that but that would be speculation,
the price will probably be higher but i want to give realistic targets, based off pure analysis and not speculation