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Bitcointrading

Tracking Market Maker Activity Part 5Padawans, If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped. I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.
Long
by Skywalker-thelastjedi
3
5-6 Months Left of Bitcoin Bear marketRevisited this long term chart and updated it. It's really hard to be bullish after revisiting this. To expect BTC to start being in a medium term bullish trend would be to expect BTC to do something it's never done. We're currently at the halfway mark towards the next halving, it's always bearish and in a medium term downtrend during this time. Per my calculations Bitcoin will be in a bear market for the next 5-6 months and then it will hit a bottom capitulation area probably around the $21k-$25k area. Of course it's very possible Bitcoin could do something it's never done before and I sure hope to hell it does but I'm leaning towards continuation of bear market behavior till this next October-November.
BNC:BLX
by GhostRyeder
7
BITCOIN, Major BROADENING-WEDGE To APPOINT BREAKOUT!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. In the recent times, important and crucial changes have occurred within the whole market and we can watch here institutional interest is increasing for Bitcoin, furthermore, there are countries such as Mexico looking to adopt Bitcoin as a legal tender, and institutions such as Micheal Saylor with MacroStrategy buying further Bitcoins. These factors indicate a continued increasing positive sentiment moving on for Bitcoin while adoption is still moving on. Nevertheless, it is also necessary to watch for the technical factors and see where Bitcoin is likely to heat within the upcoming times from a short-, middle-, as well as long-term-perspectives. In this case when watching on my chart we can see there that Bitcoin is building this main broadening-wedge-formation with the coherent wave-count within the formation almost already completed with the waves A to C and now as Bitcoin bounced within the lower boundary this is actually building the setup from where Bitcoin has the ability to build upon and continued to setup finally developing a breakout. Once the breakout happened above the upper boundary as marked in my chart this will be the setup from where Bitcoin has potentials to continue with and this will activate the target-zones within the $47,000 level marked in blue in my chart. Once this target-zone has been reached the situation needs to be elevated again and Bitcoin needs to show how it continues from there on and if a possible further formation can lead to a continuation, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
24
BTC Movement long - Loading- BTC shows movement volume into small range trading - Targets for BTC- 44k Breakout chance 77% Increase period 1-15days Why increase? - Confirmation of 42800 means an important trend line that could bring BTC into a new uptrend. ( at this moment the price are below this target) - The Area where we are now is an important price action - see also 21-3-22 where volume did start at the same point as now. - Volume indicators and flow trading ways show breakout trends activity. - Depending on price action BTC have since 24-01-2022 a main target to hold the before price action as the chart shows. (long term trend) The above models are the expecting frames, which means there is no guarantee it will happen 100% It's important to study all-time you trades well before entering any market. It's always important to check the markets on all sides - markets can change all time.
Long
by Goldenbreakout
Bitcoin - Unleash the bears!While I anticipate a fairly brief 'relief' rally, possibly up towards 44.6k, there can be little doubt that BTC looks set for yet further correction from it’s 2020 – 2021 charge The weekly moving averages of significance (50 & 20 MA) crossed down on 14th March and if we take a look back at the historical data regarding these crosses it makes for break reading. In 2014 they crossed and this saw the price fall by over 74% over a 154 day period before beginning to move back towards the upside. In 2018 they crossed again and this saw the price fall by over 50% over a 175 day period before again returning to it’s upside move. Early on in 202 there was a black swan event in the form on the COVID-19 crash which I will not count for this analysis. Looking at this historic data I am expecting a 150 – 175 day period of sustained bearishness with lower highs and lower lows on a weekly basis. With a potential 46% price drop falling at least to 30-35k and possibly even somewhere between 22-25k. A wick down to this area would also fill a much needed gap in the CME which has previously caused BTC to have it’s handbrake on when reaching for new highs. Coincide this with the DXY, which has a confirmed negative correlation with BTC, looking unstoppable on it’s charge to 102 and the bitcoin bull support band falling through everything seems to align to this idea. As always, please leave a like and let me know your thoughts.
BITSTAMP:BTCUSDShort
by jamesdbarnard
2
BTC Bitcoin: Bear Flag With A PathHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is shown in a bear flag formation with the flag pole measurement in the $6K-$7K range. The price inside the descending triangle is about 60% formed and may continue for a bit longer. The price has a chance to move within the Fibonacci Retracement levels as shown in the chart. A path has been created with a potential resistance line (in formation). It doesn't look that good for Bitcoin at this moment on the macro level. Be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
39
Inside Bar Candlestick Pattern 📉📉📉📉 We will cover the following today: Inside Bar (Inside Day) Inside Days 📉 Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below. What is an inside bar? The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market. 📉 Is an inside bar bullish? Imagini pentru inside bar candlestick First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low. 📉 TRADING WITH THE INSIDE BAR CANDLESTICK PATTERN: TOP TIPS AND STRATEGIES Some traders consider it a continuation pattern though a breakout in the opposite direction is possible too. After price has trended up (or down) for an extended period, the pause in price movement (represented by the inside bar) precedes a reversal of the trend. Therefore, the inside bar is looked at for a short-term trade (or swing trading) in the counter-trend direction with the goal of holding the trade for less than 10 bars. However, there is another way to trade inside bars and this is rooted directly from what the candle pattern does NOT reveal. When traders see an inside bar pattern form, it is interpreted as the markets unwillingness to push price higher or lower. This can be for any number of reasons: An extremely pertinent report is being issued soon, or The market just made a stratospheric leap and traders are tepid about bidding price much higher or lower. Whatever the reason, the motive is the same: seeking potential volatility in an effort to increase profitability. When there is a situation in which traders are unwilling to bid price higher or lower, it is seen as a potential situation for future increases in volatility. The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. This means potential opportunities for traders. What do you think ? Comment below..
GEducation
by AnonimFXRO
BTC Bitcoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin (BTCUSD). My last chart for BTC had support and resistance trend lines set up and this update shows the 1H chart review of the current price action. BTC price seems to be headed back down. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
1
Bitcoin - Caution. Here's what the bulls are now up against.Good Morning Traders, I promised a mid-week update if Bitcoin didn't follow price action as I anticipated. It certainly did not. In fact, we are drawing close to a territory that concerns me. More on that below. But first, let's review what didn't happen: BTC did not remain above the 100 day BTC did not remain above the .618 fib retracement level BTC did not ascend to an anticipate price zone I had circled above in the last chart. Ok. So now, we must reanalyze our charts based upon the new price action and chart data we are observing. I've made note of the key items that I believe are the most significant on the chart. Some of these are bullish variables, and some are bearish. Let's start with the bearish: The list above plus, We are deep in the FUD Zone, which if you zoom out on the daily could, in fact, be a longer-term bear flag from my H&S pattern which has yet to be completely invalidated. Yikes! Let's hope this is not the case. We are getting too close for comfort to my long-trending yearly support line in the sand which today sits right around 38,500 We are below a fairly strong support level at 40,700 which will now act as overhead resistance There is the potential that these last two green candles formed on the daily are simply the formation of a new bear flag, in which case, it might move us down further to a re-test of our yearly support. As you all know, I absolutely DO NOT want us to test that support again. We have now tested this support nearly a dozen and a half times since Jan. and with each test/re-test, that support will become weeker and weeker. I do not know that it will hold should we get another re-test on it! If we break it, down we'll go! Now the bullish indicators: We bounced at the 80% fib retracement level. This level was drawn from the move up starting on March 14th to it's end at the 200 day ma on March 28th. Not testing our yearly support again can also be viewed as positive (though, being so close is not necessarily bullish). A look at the U.S. dollar chart indicates we are overdue for a pullback on dollar strength. This pullback, should it come, would give BTC the break it needs to move higher. These are the details that I mainly wanted to relay to you all for now. I will do a video in a bit, reviewing this data and providing clarity for those of you that appreciate it. Hope this helps a bit. Best to you all. Be cautious and careful with your trades for now. Direction is uncertain. - Stewdam.us
INDEX:BTCUSD
by stewdamus
Bitcoin Price: Support and ResistanceHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). I placed multiple Support and Resistance trend lines on the chart. Support is shown with the S and Resistance is shown with the R. I also showed the Fibonacci Retracement levels specifically the next possible support at 0.50 level in case Bitcoin price keeps falling. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
2
#BTC Bitcoin 1D Chart Possible FractalBTC hype train is back. It seems with the market structure, it is headed to a new all time high and above (assumption). So what if this move is playing like the last fractal? I also put in trend lines and fib levels to see how it would work out if this move was similar to the last one in May before the dump. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:BTCUSD
by MillionaireEconomics