BITCOIN (BTC), Crypto Market Update - Thursday July 29Unfortunately a slow day in Bitcoin with quite low volatility.
Looks like the Market Makers are moving us into the corner between the previous June High of 41330 and the Upwards Trendline that took us to the High we are at.
The end of the month is as far as they can push it.
ETH also hasn't done much and has much further to go than BTC in trying to break its high's from June.
BTC Dominance had a bit of a pullback, still looking for a breakthrough of 50.
ETH Dominance slight upside but Macro is still coming down.
Definitely still Bitcoin season over alt Season.
The DXY (Dollar Currency Index) Still dumping so definitely possible for a little Crypto and general market bullishness
Btc-bitcoin
Bitcoin VLOG #48 - The 40k teaseA ton of volatility again today.
So apparently that pump was off some amazon fake news??!! For real?! That's all it took?! Imo lets not ignore the fact a ton of money was just itching to jump back in on any pump.
Then some tired old recycled tether news dumps us... I'm pretty over the news for crypto. Think I prefer tracking all this from a purely TA-centric perspective.
There was a lot of opportunity for shorts at 40k a day ago, then we got another opportunity for it today. After so much buying, there will always follow selling.
Right now we are significantly over bought, what are the odds of a 7th and 8th green candle daily? Historically how often do we have major sell off after this much green?
MY PREDICTION = I'm feeling high volatility ranging between 35k and 40k. My bearish hackles are up. I feel a bit more confidence on 40k shorts than I do a 36k long... I dunno. I got no real prediction for yahs today!
Shoutout to todays trading view ideas =@RocketBomb - reminding me of that descending channel!
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = BTC 4 hour
2:00 = FUD and FOMO news
4:10 = Not new channel
7:40 = Moving averages
8:50 = Tentative trend line
12:30 = BTC 1 weekly
13:00 = Cryptopanic FUD n FOMO
16:40 = BTC 1 monthly
17:55 = NO PREDICTION!
19:00 = Even more green coming?
19:30 = Closing words
BTC (Y21.P5.Video2).Next entryHi All,
Looking for my next entry after this pullback as we now have somewhat of a trend.
Unfortunately the past 2 days move was too quick and hence a blow off top is the cause of this deep correction.
This unfortunately stuffs up many of the charts.
Anyway, listen to my thoughts on this video if your interested.
Cheers,
S.SAri
Stock-Crypto Update (#30) : Short-Term is Boring, but TINA !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC | BITCOIN | Confirmed Down Trend ? | July 19th 2021Hey Traders!
Quick update with the US session closing bearish and overall sentiment in a neutral position, it is time to accept that BTC prices could continue to go lower than 30K.
Anyone bullish does not have a lot left to hold onto, but the market can always change direction. However, the sentiment is not bearish even though the charts say otherwise, so stay safe out there trading Bitcoin.
Happy Trading
Mr Ionic
Bitcoin VLOG #43 - BTC loving 31k... does it love 30k also?*Hmm think the vlog was a bit loud today! Will get it better next episode
This squeeze is still squeezing! More lower highs! BTC has now backed itself into such a narrowly ranged corner we are bound to experience some pump or some dump.
Short term I have to admit things looking a little more bullish, I think we could experience some reprieve here. We need to see around 32.5k get broken, then after that around 33.3k and the recent high. If we can break that recent high imo we come back to mid range.
But that's quite a few steps away just yet.
There's a lot of bearish patterns that are completed or nearing completion, we are waiting on BTC to make a major move to give us a clue as to what it wants to do next.
My own TA tells me, completion of these patterns should signal downside, sequential lower highs tell me BTC wants to go below 31k and 30k. The past few months tell me a similar thing. There is more interest for selling this supply.
For this to change BTC price action needs to show me otherwise, which means breaking those marks i mentioned at the start.
As I keep saying I'm deliberately holding bearish bias here but trying hard to temper it and be open to reversals and bullish signals. Only time can tell how well I'm doing this.
I wont be longing BTC here as I think this is where we can see significant dumps, I will trigger some hedge longs if we hit 28.8k but THEN come back above 30k.
MY PREDICTION = 32.5k failure, break below 31k possibly test 30k
Shoutout to todays trading view ideas = @MMBTtrader, @VincePrince, @ArShevelev
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
3:15 = Outside of my patterns
4:30 = 20d vs last 20d period
7:30 = upper trend line trades
8:30 = Resistance line
11:15 = BTC 1 minute
12:30 = FIBS
14:15 = BTC 1 weekly
16:30 = BTC 1 monthly
17:00 = @MMBTtrader - 30k support
17:50 = @VincePrince - Elliot wave play
18:30 = @ArShevelev - Descending wedge
19:30 = Closing words
CryptoMarket Update (#28) : No Supply and Derivative Gambling ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Bitcoin VLOG #42 - BTC squeezing + tightening!BTC is going full contortionist on us right now.
These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC.
The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower.
This range and general chop is just bad place to be trading, at least for myself and many others. Hard to see any trades that are better than 50/50. I still believe we are approaching volatility, its clear price is squeezing, but its taking its time.
MY PREDICTION = I'm leaning probably too enthusiastically to the downside here, 32.5k next 24 hours.
Shoutout to todays trading view ideas = @MarcPMarkets, @Rastinmmm, @dRends35, @ShawnMCR
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = Descending wedges
3:40 = Lower highs
7:35 = MY PREDICTION!
9:05 = BTC 1 week
10:00 = Bearish hammer revision
11:55 = BTC 1 month
12:35 = FIBS
14:50 = @MarcPMarkets - watch 30k and 40k
17:00 = @Rastinmmm
18:15 = @dRends35 - regression
18:30 = @ShawnMCR
19:30 = Closing words
CryptoMarket Update (#27) : Don't Fall for OverTrading !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Bitcoin VLOG #41 - BTC's 9000th 35k touch incomingBTC looking like it wants to touch 35k more times than a catholic priest touches... ahem!
BTC has retested and bounced off the upper trend line of descending triangle multiple times now, my confidence in this pattern is beginning to waver, or it could just be I had a shitty sleep and my mood is a bit low!
I have seen a descending wedge being floated by others recently, I will try and track it over the coming days and see what value it can bring.
The reality right now, despite what patterns I'm seeing or what state my mood and emotions are in, we have significant series of lower highs. Broader bearish downtrend. Lots of uncertainty. Price squeezing.
A big move is coming, and it could be something like a pump to 40k followed by a major dump that breaks 30k convincingly and puts us into the 20k range.
Super cycle I hear you say?!
I dunno man. When I've already made my money on the ride up to 60k, and we are in the middle here between 10k last year and 65k this year... do I want to bet in the middle? That's some damn high risk.
I will see if I can get a VLOG in tomorrow and improve on my thoughts and TA from today, just feeling pretty shitty this morning! Apologies guys.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = End the triangle?
4:30 = Pattern searching
6:50 = FIBS
7:30 = Odd 1minute candles
13:30 = Short 35k
15:30 = Reality of lower highs
19:30 = Closing words
Bitcoin VLOG #40 - BTC in struggle-town at 35kBTC is trying over and over to break this 35k resistance. Right now its locked in the lower half of this range.
Technically, for one of my strategies, I should be in a long off of a successful retest bounce from the upper descending triangle trend line. My target on that would be 39k to 40k. My stop loss is moved up to break even since getting to 35k.
MY PREDICTION = Retest again, 33k, and I'm starting to get bearish if we test lower in this range again.
Shoutout to todays trading view ideas = @MMBTtrader, @VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:30 = Retest buy
2:50 = 4h Symmetrical triangle
6:45 = Gross candle warning!
7:50 = Bullish higher lows
11:30 = Weekly and monthly grossness!
14:00 = FIBS
15:25 = MY PREDICTION
16:15 = @MMBTtrader
17:15 = @VincePrince
18:15 = VET/vechain glance
19:30 = Closing words
Bitcoin (BTC) • It's all about volumesIn this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts.
More reasons to be bullish than to be bearish at the moment but at the end of the day... the trend is you friend.
Now is time to pay attention to what is going on in the lower timeframes as it will affect the Daily and push the weekly/bi-weekly out of bearish waters. Breaking the 36-37k is particularly important.
CryptoMarket Update (#26) : Back to 1.7T$ MarketCap in July ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC trend look bullish, but...BTC has break above it's resistance structure, forming 3rd high low. However, buyers have to take this opportunity to ride the momentum upwards before it is too late!
Video Timeline:
0:00 Introduction
1:27 Analysis Recap
5:47 BTC Daily Timeframe Analysis: Forming Third Higher Lows
8:30 BTC Daily Timeframe Analysis: Fibonacci Retracement & Test Confirmations
14:45 BTC 4-hourly Timeframe Analysis: Consolidation results to spike
16:50 Key Takeaways: What I am looking out for?
Bitcoin Correction is OVER?!FIRST: SORRY FOR LOW QUALITY OF SOUND! the first time upload was crashed and I had to upload video with screen recording so I try to overcome this problem next time.
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I think that Bitcoin Correction is NOT OVER and in the couple of days will see 30K-31K again!
my friends write down your ideas in CM to help each other make a better vision about bitcoin and market.
TNX.