$BTC weekly shows interesting data$BTC still chugging lower, albeit slowly $TOTAL 3 = #altcoin no longer looking better than #BTC #bitcoin regaining dominance is not the worst thing in word although it's being done on weakness Weekly BTC RED EMA @ Breakaway gap area Interesting #cryptoby ROYAL_OAK_INC0
#TOBTC #LQR Monday 6Feb important gap!#BTC on CME chat got a important Gap around 23217 -23458 , and also strong support around 227760 - 22231 , which is cluster to EMA 100 4H beware of those level :)by tobtctradingUpdated 118
BTC with ARKK OverlayGarbage is what garbage does. BTC and ARKK basically have the same chart pattern. Garbage correlates with garbage which inversely correlates with bond yields. Anyways, CPI numbers released Tuesday before market open.by hungry_hippoUpdated 10
BITCOIN TO THE MOON ?Bitcoin recently rejected previous supply zone and currently is falling back to previous level of resistance and is loosing momentum. Look to see a bullish candle pattern forming @ the level to confirm entry to the upside.Longby CJITM0
Why bitcoin is not going to hell?Well, take a look to this chart, this is the moment and this is very different from the last time that bitcoin visited the 15 K, so don't expect to see 15K again. I think will see a uptrend continuation this week, starting from today, have a nice week! Longby AllAboutMoney0
BTC/TLTCryptos seem to be tracking bonds this week instead of the stock market. Divergence between market action and cryptos. This is extremely bearish because the market has rate cuts priced in for later this year and next year, which probably won;t happen. When that gets priced in TLT will probably double bottom, so potentially BTC will as well. by hungry_hippoUpdated 9
$BTC MAY have lil more pain but look at Alts! Nibble from profitNibbled on #crypto very close to lows $MKR + $JASMY rebought 1/2 position sold Volume comes heavy on buys will + $TRU close to moving avg Also bought some $FEG - Team was sarcastic when I said change the tokenomics, year later they're doing it #memecoin #altcoinby ROYAL_OAK_INC222
BTC UpdateUS CPI data release Tuesday at 5:30am I see a big move coming, up or down. Might do a straddle Monday.by hungry_hippoUpdated 7
Who are the most influential crypto personalities? The cryptocurrency market is largely decentralized, in theory, meaning that no single entity or group controls it. However, there are many individuals and organizations in the market that have significant influence and followers, who they can use to manipulate cryptocurrency prices. Some of the most prominent crypto influencers include: Vitalik Buterin: Vitalik Buterin, co-founder of Ethereum, has the ability to impact daily cryptocurrency prices, particularly Ethereum. His opinions and statements about the development and future of Ethereum and the broader crypto market can influence traders' and investors' sentiment and thus, affect the demand and price of Ethereum and other cryptocurrencies. For example, on June 17th, 2021, Buterin tweeted about the high transaction fees on the Ethereum network and the need for a scaling solution. This caused a stir in the crypto community and resulted in a drop in Ethereum's price. His comments reflected the growing frustration among Ethereum users and developers over the network's scalability challenges. Elon Musk: As the CEO of Tesla and SpaceX and one of the world's wealthiest individuals, Elon Musk is a highly influential figure, and his statements and actions related to cryptocurrencies generate a lot of interest and attention. One notable example of Elon Musk's impact on the crypto market occurred on February 8th, 2021, when he tweeted, "Just bought some Bitcoin," along with a broken heart emoji. This tweet caused a surge in Bitcoin's price, with the cryptocurrency rising by up to 20% in the hours following the tweet. The market's reaction to Musk's tweet demonstrates the influence that well-known figures can have on traders' and investors' sentiment in the cryptocurrency market. Changpeng Zhao (CZ): As the CEO of one of the largest and most influential crypto exchanges, CZ's opinions and actions regarding cryptocurrencies generate a lot of interest and attention. He has a large following on social media, where he often shares his thoughts on the crypto market and the future of Binance. For example, on May 7th, 2021, CZ tweeted about Dogecoin, expressing support for the meme-inspired cryptocurrency. This caused a surge in Dogecoin's price, with the cryptocurrency rising by up to 25% in the hours after the tweet was sent. Jack Dorsey: As the former CEO of Twitter and current CEO of Square, Dorsey's statements and actions related to cryptocurrencies generate interest and attention from the media and the public, sometimes affecting certain cryptocurrency prices. For instance, in 2021, Dorsey announced that he had bought Bitcoin and was a fan of the cryptocurrency, which resulted in a positive reaction in the market and a surge in Bitcoin's price. Additionally, his company Square has invested a significant amount in Bitcoin and supports buying and selling Bitcoin through its Cash App, which has helped increase the visibility and adoption of cryptocurrencies. Michael Saylor: Saylor is the CEO of MicroStrategy, a publicly traded company, and has become a prominent figure in the crypto community due to his company's investments and public statements on the subject. One example of Saylor's impact on the cryptocurrency market occurred in August 2021, when he spoke at a virtual conference about MicroStrategy's investments in Bitcoin. During his speech, he praised Bitcoin as a "superior store of value" and encouraged other companies to follow MicroStrategy's lead. This received widespread attention in the crypto community and helped boost investor confidence in Bitcoin. As the CEO of a publicly traded company with significant investments in Bitcoin, Saylor's opinions and statements carry significant weight and can have a significant impact on market sentiment. These are just a few examples of popular crypto influencers; there are many more individuals and organizations These are just a few examples of popular crypto influencers, there are many more individuals and organizations that have a significant following and influence in the crypto market. It's important to note that these influencers' opinions and predictions may not always be accurate and should not be used as a sole source of information when making investment decisions. Additionally, there are also large organizations that hold a significant amount of cryptocurrency, such as investment funds, hedge funds, and mining pools that can affect the market through their buying and selling activities. It's important to keep in mind that the crypto market is highly speculative and decentralized, which makes it hard to pin down who are the actual personalities that control the market. Additionally, the crypto market is highly influenced by market sentiment, government regulations, and overall adoption. by BlackBull_Markets2
Nuke to CME gapI Know where this sell off is heading The gap will be filled and the bears that flipped bullish at consolidation resistance will be liquidated and stop hunted Shortby bryptobro0
BTC analysis for most possible directionDidn't post yesterday, was busy --- This is copy paste from yesterday $BTC not looking so hot atm #BTC RSI is sinking fast $TOTAL 3 = #altcoin Also looks weak but nowhere near as much Facing heavy resistance We're likely due for a lil pain from here --- TODAY 1/2 $BTC @ an important area #BTC holding @ dotted line support #bitcoin trading UNDER Red Mov Avg for 2nd day Buy volume lowers, sells > than buys but not much RSI MUST NOT tread sub 50 area (middle) We break Green Mov Avg still ok but MUST HOLD Breakaway Gap area #crypto 2/2 What about $BTC vs #altcoins? $TOTAL 3 = #altcoin Staunch resistance right above Yet holding better than #BTC 4Hr shows some buys coming back See the Inverse head & shoulder? Ugly but it's there #crypto had huge run, it's okay to REST as long as it doesn't fall asleep by ROYAL_OAK_INC0
BTC CME GAPOn the 4hr BTC seems to have broken out of the triangle, is getting rejected and will move towards the CME gap between 20.000-20.500Shortby seriousHeron544380
Bitcoin Head & Shoulders!CME:BTC1! BTC has formed a head and shoulders. Timeframe 12H. Clearer on 4H where you can look for entries for pullback to breakout level which has confluence with 50MA. Because BTC is in such a parabolic move the possibility of a fake out of the H&S neckline could occur as a liquidity run to pick stops. Look to long the break back in of the fake out. Normally BTC doesn't provide pullback entries when it's on a parabolic move so always have Plan A, Plan B setup. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Longby imr4nkh8n1
Golden Cross irrelevant - Weekly crossover MORE importantTons of posts on Golden crossover IRRELEVANT Why? Because it's garnered so much attention it lost its validity YEARS ago What IS relevant is $BTC WEEKLY short term crossover that we called Jan 30th #BTC setting itself nicely #bitcoin closed up .8% #altcoins up 3%! #cryptoby ROYAL_OAK_INC0
$BTC, TOTAl3 = Altcoin - ETH - all interesting!$BTC Doji yesterday & today it's ENGULFED #bitcoin will likely retest 24k again #BTC up less than 1% and #altcoin up almost 3% Strategy still in place! We may be getting to RIP making recent #altcoin moves look like nothing! Let's see how $ETH handles MAJOR RESISTANCE #cryptoby ROYAL_OAK_INC0
Rising Bull and Raging Bear in BitcoinNewton is known to have said that "The motion of heavenly bodies can be computed, but not the madness of people". That aptly fits the times we live in. Bitcoin (“BTC”) prices have rallied 40% since the start of the year despite bleak economic outlook. A short squeeze in the flagship crypto asset where $850M in short positions was liquidated in just three days is cited as the primary reason for the rally. After the US Fed, ECB, and BoE rate announcements last week, where does BTC go from here? There are ample reasons to remain bearish as much as there is to turn bullish. Are we witnessing a dead cat bounce? Or is this the dawn of a new era where rates flatten or start to soften paving the path to a bull run? Amid the chaos, one thing remains clear. Low volatility. Both realized and implied volatility for BTC remains low. In a market that could either crumble or rally, this case study argues that a long strangle position in BTC options provides a compelling >2x reward to risk ratio. A long options position gains not only from a substantial price move but also from expanding volatility. THE UNCERTAIN ROAD AHEAD FOR BTC Outlook for BTC prices looks uncertain. Bullish tailwinds and bearish restrainers are concurrently at play. 1. Mixed Technical Signals BTC is approaching its 200-day moving average which has served as strong resistance in 2022. During the previous bear market rally, prices failed to breach past $25,000 per BTC, indicating strong resistance at this level. Current RSI at 79 points to BTC being overbought with a risk of downward price correction. However, the 20-day moving average inching towards the 200-day moving average might create the settings for a price rally. Also, the 10-day MA has crossed over the 200-day MA, forming a golden crossover which might be a harbinger of rally ahead. Using this same chart, we highlighted before that BTC prices are now just below the long-term MA (200-week MA) that has proven to be a strong indication for a long-term trend. The divergence from this trend over the past half-year might have been aberrations caused by multiple black swan events. 2. Price volatility related to GBTC lawsuit outcome Also as mentioned previously , Grayscale’s lawsuit against the SEC is an event to watch. Hearing date has been set for March 7th. If unsuccessful, Grayscale has announced plans to liquidate a portion of the trust to bring the GBTC shares back up to NAV of its holdings. This would involve heavy BTC selling pressure. GBTC has $14.5B in AUM with GBTC shares trading at a 41% discount. If GBTC succeeds, BTC prices could rally in sign of favorable regulatory acceptance. However, ETF’s creation/redemption mechanism would allow GBTC to rebalance their holdings resulting in spot BTC sales to arbitrage the discount. 3. Long term holders showing resilience and not selling Recent price rally has restrained long term holders from dumping their holdings. Growing number of long-term holders indicates conviction and that combined with climbing retail participation sets the tone for a bull run. 4. Hash Rate Rebound in 2023 BTC mining is profitable again. Rebounding hash rates, stable energy costs, and elevated BTC prices is a relief to the miners. Miner reserves are at a yearly low removing the risk of miners dumping their inventory. Miner sales are now limited to BTC mined daily. 5. Growing Open Interest but mixed directional positioning Asset managers have increased their net long positions by 53% between December 27th and January 24th. Meanwhile, leveraged funds continue to remain net short during this period. Clearly institutional investors remain puzzled on BTC price outlook. In a sign of growing investor attention, overall OI is up 8.4% over the last month and nearly 20% over the last quarter TRADE SET UP With adequate arguments both in favor of and against BTC prices, establishing a directional position is difficult. BTC carries a reputation for triple-digit volatility over its 14 years trading history. Intriguingly, BTC volatility has been soft in the recent past. Low volatility allows investors to acquire options at reduced costs. Being price agnostic, this study makes a case for a delta-neutral long strangle to secure a 2.27 reward to risk ratio. A long strangle combines of two trades. One, an out-of-the-money long put (at a strike below the current bitcoin price) to gain from a falling market. Two, an out-of-the-money long call (at a strike above the current bitcoin price) to gain from a rising market. A strangle allows the holder to extract an outsized gain (profit) for every unit of pain (costs incurred for premiums). This asymmetric pay-off in an options portfolio is referred to as convexity in finance. It enables holders to extract higher rewards for each unit of risk. Leg 1: Long Put options on BTCK3 (options on futures expiring in May 2023) with a strike price of $21,000 at a premium of $1,635. Leg 2: Long Call options on BTCK3 (options on futures expiring in May 2023) with a strike price of $29,000 at a premium of $1,105. Entry: $2,740 Break-even points: When CME-BTC-Futures touches $30,740 or $18,260. Target: BTC at either $33,600 or $13,700 Profit at Target: $1,860 (if BTC rises to $33,600) or $ 4,560 (if BTC drops to $13,700) Stop-loss level: At 30% of the drop in options premium. Loss at Stop-loss: $820 This strategy will start generating returns when the underling future trades past break-even points. It will also generate returns as volatillity expands fueling increase in strangle value. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. This material has been published for general education and circulation only. It does not offer or solicit to buy or sell and does not address specific investment or risk management objectives, financial situation, or needs of any person. Advice should be sought from a financial advisor regarding the suitability of any investment or risk management product before investing or adopting any investment or hedging strategies. Past performance is not indicative of future performance. All examples used in this workshop are hypothetical and are used for explanation purposes only. Contents in this material is not investment advice and/or may or may not be the results of actual market experience. Mint Finance does not endorse or shall not be liable for the content of information provided by third parties. Use of and/or reliance on such information is entirely at the reader’s own risk. These materials are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Mint Finance to any registration or licensing requirement. by mintdotfinance997
BTC Bullish Is BTC going to that resistance? It has superated the highest level price Longby RicardoptionsUpdated 0
Altcoins maintain inverse relationship, look at MEMECOINS!Interesting Majority of #altcoins were lower for most of the day Except $JASMY! $BTC opens, goes LOWER & many #altcoin go UP! Granted, not by much but the inverse is amazing! #memecoin MOVING $VOLT $SHIB are we at the last stages of this run? Not good for bottomingby ROYAL_OAK_INC0
$BTC $ETH & Altcoin data, Memecoins running, what it mean?Important short term🧵 $BTC RSI not showing good signs, NEG divergence #BTC HAS BEEN LEADING the rally but it's weakening We've posted on this $TOTAL 3 doing ok #memecoin running usually @ end of runs #bitcoin MUST hold support levels MUST hold number is 18kish --- 2 $DXY running & RSI over 50 again BAck to #crypto $Total = ALL including $BTC & $ETH Not showing recent strength of Total 3 = #altcoin They all still have a ways to go to break down trend Although #BTC HAS done it on it's own #bitcoin has been LEADING until now Rest time? --- 3 $BTC broke downtrend not long ago & struggled 24k has been issue = MAJOR RESISTANCE & NECKLINE for Inverse Head & Shoulder = BOTTOM Now $ETH RSI looks ok However HUGE resistance @ 1700 area #ETH hasn't broken downtrend --- 4 $BTC is to $DJI = $ETH is to $NDX #DJI broke out before #NDX did Very likely #BTC broke already & #ETH will follow We'll likely take another month or so to realize the bottom $TOTAL 2 = No #bitcoin, includes #ethereum & #altcoin, looks ok We'll see how all pans out Gnightby ROYAL_OAK_INC0
BTCJust a guess like everyone else, but I think it does an inverted H&S or C&H type pattern If the Fed does their job, they go .5% this meeting which drops everything back down. I don't see crypto rising until after the March meeting. Like I said, just a guess, don't hate me if I'm wrong, lol. Plus the bulls should be happy since I put an up arrow at the end. Just bearish since everything is overbought on the daily charts including crypto.by hungry_hippoUpdated 6611
Be carefulBe careful - bitcoin over bought , very similar to the last little short squeeze , there’s a possibility 9k could be hit on a long squeeze Shortby Oxfordblueuk0
Reposting list for Altcoins, many have run nicely alreadyDO NOT FOMO on #crypto (Don't be noob) DISCIPLINE Buy on pullbacks Keep number where you want to limit losses (stop loss) Here is a nice list of good fully diluted #altcoins Many have gone up already DO YOUR OWN DD! PLEASE SEE LINK BELOW!by ROYAL_OAK_INC0
More data on $BTC, I'll leave the decision to YOU!PLS SEE PROFILE FOR ALL DATA 1/ #FED gave what #markets wanted But what about #crypto, especially $BTC #BTC was breaking 24k & lost steam Buy volume kicked in nicely AFTER meeting However, daily was not great, subpar #bitcoin has a battle Does look better than all of 2022 RSI HOLDING overbought = GOOD --- 2/ #bitcoin broke 24k June 13, 22 & has STRUGGLED to break above it Highest $BTC readings since Jan 21! = GOOD NOW HERE IS THE 🗝️! When does the RSI reading tend to get that high? Showed the upcoming $BTC chart few times already #crypto --- 3/ Current RSI shot up HARD! Let's keep going When does DAILY #BTC RSI reading tend to get as high as it currently is now? Hint - Light GREEN on RSI What about WEEKLY $BTC? Current RSI SAME as it was @ A BOTTOM B Bottom was lower FYI 90+ reading on #bitcoin = TOP #cryptoby ROYAL_OAK_INC0