Bitcoinusd
Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
Bitcoin: June 26th, 2024Hello dear traders. In this post, I am going to provide my thought process and a thorough analysis regarding Bitcoin and where we stand.
First and foremost, let me be unequivocally clear that I am bullish, and I am going to provide the invalidation for my bullish bias, and also where my bullish bias will be ever more valid.
Firstly, if you take a look at the HTF chart i.e. weekly and biweekly, you will see that price is respecting a major support level that used to be resistance (the grey rectangle). Price deviated twice above the box in the previous cycle and then the trend began with clear signs of rejection from the box. As long as we have no acceptance below the box, I am bullish. Acceptance for me will be a formidable candle slicing through the zone and then closing and finally spending time below the zone while showing signs of rejection. If we close a strong daily candle below it, I will exit my longs. Plus, the quarterly candle is retesting the previous resistance. However, the 2M candle is exhibiting mixed signals, but overall it can be seen as a form of retest too (These charts will be posted in comments section for study purposes).
Now that we got the higher timeframe out of the way, let's focus on the daily. In the daily, one thing is definite: Price is range-bound above the previous resistance. What can further validate longs? Firstly a move above 63K - 64K. In other words, a move above the anchored VWAP and VAL. This will definitely be a positive step for longs. What will be absolutely bullish? A reclaim of 66K - 67K. That is to say a reclaim of the GP of the move down, POC of the range, and the mid-range.
Considering the major VWAP charts (You can find the charts in the comment section), 66K is previous quarterly VAH. 62300 is current quarterly VAL. Also, 65600 is the current quarterly VWAP. In the monthly, 63500 is the current monthly VAL, and the current monthly VWAP is at 66600. Moreover, the previous monthly VWAP is at 64600. What do all of these mean? The same conclusions we made. Reclaim 63K - 64K and we have taken a firmly positive step. Reclaim 66K - 67K and and we are absolutely bullish.
I use these metrics to draw conclusions, and they all point to the same results. My preference is a monthly close above 63K.
You can find the charts in the comments section, and if you find this analysis useful, please smash the like button and share it. It goes without saying that this is my take on the current situation of the market and none of this financial advice, and I hope that this information translates into meaningful action for you. Good luck!
Bitcoin : Inverse Head and ShouldersTrading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin 15m (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 60880.0
⭕️SL @ 60193.4
🔵TP1 @ 62886.0
🔵TP2 @ 63673.0
🔵TP3 @ 65247.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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BITCOIN ( BULLISH ) ( 4H )BITCOIN
HELLO TRADERS
TODAY, the price stable turning level , price of the bitcoin will attempt to touch a support trendline
Tendency the price is a bullish pressure in 60,195
TURNING LEVEL : the price turning level at 60,195 , price braking below this level it becomes reach a support level , but if stable above this level active bullish area
RESISTANCE LEVEL: if the price stable above turning level at 60,195 , the price will rise to 62,677 and 64,089 , stable this level reach to 66,529
SUPPORT LEVEL : the price breaking turning level 60,979 , it will reach the support level of 57,390, stable this level reach to 55,740
CORRECTIVE LEVEL : price will 60,195 , correct itself before long
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BTCUSDT#Bitcoin Chart Update: One of the top indicators, the TD Sequential, has given a buy signal on the 4-hour #BTCUSDT chart. As you can see on the chart, it has given four buy signals in the past three months, each followed by significant gains. The target is a 22% increase, aiming for the 70k level.
BTCUSDT#Bitcoin Chart Update: One of the top indicators, the TD Sequential, has given a buy signal on the 4-hour #BTCUSDT chart. As you can see on the chart, it has given four buy signals in the past three months, each followed by significant gains. The target is a 22% increase, aiming for the 70k level.
17% Gain: BTCUSD Short Using My RSAI Blueprint StrategyIn this video, I'll be discussing a recent short position I took on BTCUSD (Bitcoin) using my reliable RSAI Blueprint strategy. This trade yielded an impressive 17% gain, demonstrating the consistent profitability of my approach.
I'll guide you through the analysis and execution of this trade, highlighting the crucial indicators and market dynamics that influenced my decision. Additionally, we'll delve into the current sentiment shift in the cryptocurrency market that I believe will continue in the coming weeks, offering further trading opportunities.
Join me as I dissect the details of this successful trade, showcasing how the RSAI Blueprint strategy can lead to consistent wins. Don't forget to like, comment, and subscribe for more trading insights and updates on effective strategies.
Bitcoin will rise as the dollar descendsBitcoin will go a little lower until next week, then start to rocket again since USDJPY will be capitulating and that will force inflation to resurface. Inflation also means excess liquidity which is what bitcoin is, and is highly correlated to the nasdaq. I give it till summer when the BOJ pulls the plug and the FED is forced to hike rates again.
This will force the dollar TVC:DXY to go 140+ and along with it a deflationary spiral that will call this the Greatest Depression. This will blow up all the other currencies leaving the dollar for last. It is then from the ashes of everything the FED and central banks will usher in negative interest rates to "rebuild society" using social credit scores like the movie Demolition Man.
If Trump gets elected and not assassinated or arrested, then he will ban the dollar CBDC and go back to a gold standard. Then you will see bitcoin launch ahead of the old dollar and hold its own with the new gold backed dollar. If Biden gets reelected CBDC's will happen here in America and bitcoin and gold will go to the moon either way.
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH:
This lines up with my initial correction target using Elliot Wave Theory:
We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction:
HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely.
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CRYPTOCAP:TOTAL BINANCE:BTCUSDT
Bitcoin Elliot Wave possible scenario If this is correct $73800 was the end of wave 5 of 1,2,3,4,5 which means at least a fib 0.382 retracement but can go lower as fib 0.5, 0.556 or even lower as 0.618 (golden pocket).
Quite curious to see the reaction this week witch is the last one of June.
It can go either way from here even with some weakness on weekly and daily charts.
BTC Monthly Elliot Wave possible scenario IMO
If this is correct $73800 was the end of wave 5 of 1,2,3,4,5 which means at least a fib 0.382 retracement but can go lower as fib 0.5, 0.556 or even lower as 0.618 (golden pocket).
Quite curious to see the reaction this week witch is the last one of June.
It can go either way from here even with some weakness on weekly and daily charts.
BTCUSDTAnalyzing the 4-hour Bitcoin chart, we can observe a descending wedge pattern forming. Currently, the price has reached the support line of this formation. If it bounces off this support and breaks through the resistance line, it will confirm the upward momentum. These patterns typically indicate a bullish reversal, leading to a potential rise. Target: Bitcoin (BTC) Target: $71,000, expected to be reached within a week. Let's keep an eye on this pattern for a breakout to confirm the bullish scenario!
SEC Ends Ethereum 2.0 Investigation
Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses.
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Consensys says SEC has ended its Ethereum 2.0 investigation: The announcement confirmed that ETH sales are not securities transactions – marking a significant victory for the space.
The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins: The collaboration with the IMF began last year, with plans to produce a policy paper on the issue.
Waka Flocka Flame's new memecoin, FLOCKA, launched on the Solana blockchain, faces criticism amid a roughly 77% price drop: The massive falloff highlighted one of the major issues with the celeb-coin trend.
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Bitcoin Update: 150K Incoming?Bitcoin is now moving in a decent uptrend, making new highs. A correction is possible before hitting a new all-time highs and continuing its journey to above $100K. The key support is at GETTEX:48K , and the ultimate target for this cycle is around $150K, IMO. Stay tuned
BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone,
this is my Close timeframe Short.
Right now we sit at 65.250$ but I expect price to go Lower. My target is around 61.5k$ for now.
If we are able to break lower "right now" I would expect to arrive at that price relatively quickly (in the next 24 to 56 hours), but I still see that there is potential to re-visit 66.500$ before this move can start. So act accordingly.
*Note that 66.500$ would be in my book great Short entry.
Good trading day to everyone
Joe
edit: the reason behind this trade is that Today's numbers for Core Retail Sales and Retail Sales came Colder than expected. It should been a sign of a slowing economy and that should have put pressure on markets in general.
Also, do not forget to use Stop Loss in case the trade does not play out as expected!
Bitcoin - On the EdgeHello everyone,
today I decided to do a quick update before I come back with Q3 update in July.
I haven't planned to do more updates this month, but I noticed something very interesting in my opinion and I think that more people should pay attention to it.
As I said before - my Base Case for Q2 was that this quartal may be the BAD time to Invest in BTC for a longer period of time due to previous experience when we had similar macroeconomic conditions. Today, we are about the same Price range, in fact, we are around 7% lower than we were at the time of that statement. So I am still going to stick with that idea until my requirements are no longer met.
Now, to the reason why I am doing this Saturday morning update...
Reason is that 20SMA & 21EMA CROSSED . It may look like nothing extraordinary we should pay attention to, but I think otherwise. Looking back on the whole History of Bitcoin, we can see that this Case didn't occur so many times, but when it did, most of the time it resulted into the decline of price in upcoming weeks/months.
For better visualization I decided to use simple Arrows, to point out the magnitude of the move before 20SMA&21EMA crossed.
- If we count the relevant Cases (ones that occurred after the STRONG upwards move) - it looks like 7 out of 7 times we experienced a significant correction in price.
- If we count all cases then it is 7 out of 11 times. In these 4 cases, we moved sideways with slightly bearish price action, BUT once we tested the price at 20SMA&21EMA and were able to hold above that price, it continued to rally to higher prices.
At this exact moment, it's hard to say with Higher% certainty which of these cases we are experiencing right now because our criteria are mixed up...
We got BOTH - strong move upside & at the same time we have been in SIDEWAYS move for several weeks already...
So I am looking for what is going to happen next week/s when we reach our 20SMA&21EMA price, because it may give us a CLEAR signal in which group we are right now.
Until then I would suggest everyone practice patience, unless you like to gamble.
Hopefully, this update was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
Slowing Inflation Data Brings Positive Price Action to Bitcoin
The US CPI remained flat in May, beating forecasts and lifting bitcoin prices by nearly 4% on Wednesday: But bitcoin prices quickly retreated on Thursday as traders grappled with the possibility of just one rate cut by the Federal Reserve by the end of the year.
Trump voices support for Bitcoin mining at Mar-a-Lago: President Biden’s campaign also consulted the crypto industry on his digital asset policy.
Gensler confirms spot ether ETFs are coming soon: In a Senate Banking hearing on Thursday, SEC chairman Gary Gensler said he expects spot ether ETFs will begin trading this summer.
GameStop's stock drops 12%, impacting related meme tokens: The dip comes after recent highs and announcements of new share sales and declining quarterly sales.
HSBC Bank's China branch begins offering e-CNY services to corporate clients: It’s the first foreign bank to support the digital yuan to facilitate transactions and asset management.
The ZKsync Association will airdrop 3.675 billion ZK tokens next week: Early users and contributors will receive the distributions, with claims available until January 2025.
🗝️ Topic of the Week: Crypto and Retirement Accounts: 401ks and IRAs
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