We will traditionally start the new trade week with a fresh idea of BTCUSDT Although nothing has fundamentally changed since the publication of our previous BTCUSD idea, where we published information on how the price of BTC changed on a monthly basis starting in 2013.
So, for a previous week, buyers diligently close each daily candle above the critical point. The probability of the formation of a "double bottom" pattern is emerging The goal of working out such a pattern is +/- $32,000 per Bitcoin
Confident fixation of the BTCUSDT price below the critical point is carte blanche for the continuation of the downward trend.
Today an indicator was also added to the chart, which shows the delta of trading volumes in a specific price range. As of 05/09/22, the deviation in the direction of purchases is +1%, and this includes the volumes of the strait 06/13/22
And if we have correctly configured the indicator, then the trade delta data will be constantly updated as long as this idea exists. Therefore, we think it is worth subscribing to this idea by liking it and writing a comment about what you expect from the cryptocurrency market in the near future. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
I don’t know why you buffoons think we are going to 12k?! Click on on Monthly chart, then click the little button called LOG on your bottom right hand corner of that chart. Next, draw me a complete trend line from the LAST 10 years at the bottom of support level. This line has held support and never broken for long.
DemoDiaryFX_Trading
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@cryptillionairesclub, 12k is definetely possible, current weekly and daily structure is still bearish, and around 10k a lot of demand to be mitigated still
P_S_trade
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@cryptillionairesclub, The appeal you addressed to us can only apply to people who can't read the written text and analyze what they see on the graph, obviously including you.
For us, the main scenario at the moment is growth to 32k. However, there is a condition, after the fulfillment of which, the probability of falling to 12K will make sense
For the future, it is better to read and analyze 7 times, and then write an intelligent comment 1 time....
@cryptillionairesclub, bafoons? Why is it so hard to believe that BTC will retrace 85% in one of the worst inflationary periods in 50 years?
They always say dont be emotional in trading and investing. You are the perfect example of an emotional trader friend. Be careful.
Let me spell it out for you in simple terms. Let's see if you guys can grasp it.
The global / local US Economy is in shambles and it's getting worse. Home bubble, auto bubble, high inflation, fed is in QT mode more than ever this month. Corporate guidance is bearish as F. Global macro is horrendous, energy prices are 10x -20x in some countries. Food inflation and crisis is occuring where coutnries cannot feed their people and people cannot afford food of all things... . You have a war in Ukraine. You have Biden printing more money and causing more harm than good. China is in a recession. They have bank runs left and right. COVID lockdowns still happening.
The perfect storm is happening right before our eyes and people would rather wish on BTC PA, rather than wish that inflation drops so that we don't get thrown our with the trash.
Institutions are not buying btc. Retail is buying btc. we dont have regulations and stipulations in place for these insitutions to buy BTC at a large scale yet. They arent going to risk trillions and billions of their cleints money on the most volatile asset in the entire universe. You bafoon.
its in their interest to be risk off and not lose their clients money, so they will buy when BTC bottoms. Not at 20k... No.. they will start accumulating when the fed starts piking up bodies and blood off the streets. When they start to pivot is when we will be uponly. Until then its down only.
Every Bear market BTC dropped around 85% ish. what makes this bear market different?
Past BTC bear markets always occurred while the fed was pumping liquidity into the markets. We just had a 10 year bull market, and btc had mini bear markets during that time. This time is very different. QT and high inflation with rate hikes lol.
Watch it happen, and i wouldnt be surprised if the bafoons are wrong and we break down to 8k or even 5k if it gets really bad and inflation doesnt come down.
JCLARK87
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@Enacker, As I do agree with most of what you just said. Macro looks bad, Biden is making our situation worse, War, Inflation etc etc. We have not had very many relief rallies. We are do for one. If inflation numbers come in even slightly better, it could be enough to get us to 30k first, before 12k. It isn't that far away.
For double bottom we need confirmation above neckline. So far is just support at 19500 and it looks like a break will follow. So, the second scenario
P_S_trade
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@Mihai_Iacob, To confirm the figure, yes, but we wrote that a double bottom is probably starting to form
Mihai_Iacob
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@P_S_trade, i know, the idea is that Btc is still heavy and pressing in 19500... if it breaks can visit the orevious low. Let s see. I m short now, but with very tight SL