Bitcoin (Cryptocurrency)
BITCOIN, Massive Bullish Breakout, Wave-Extension Objection!Hello There!
Welcome to my new analysis of Bitcoin in the middle to larger timeframe perspective. Within recent times Bitcoin developed a determined bullishness from where on it continued to form several new highs and establish a solid uptrend also supported by events such as the BTC ETFs (Exchange-Traded-Funds) that were confirmed for acceptance. Now Bitcoin also completed a major pattern which is a huge bull flag formation, Bitcoin completed such patterns several times within history and now the wave C expansion is ready to move into new all time high spheres.
With the current bullish dynamic holding on and more and more volume moving into the market as well as with the bullish sentiment building a strong technical support bitcoin is on the way to reach the full potential wave C target zones. Once the bitcoin price action bounced into the new all time high this will be an appropriate price move when the BTC ETFs trading volume also supports the price action and confirms the ability to lead to further bullish volume determination increases within the next times.
Thank you everybody for watching my idea about BITCOIN! Support is greatly appreciated.
VP
Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either📉Hi Traders, Investors and Speculators of Charts📈
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
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BINANCE:BTCUSDT
BTC - Critical Zone - Detailed Video Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 Here is a detailed update top-down analysis for #BTC.
📈 If the 53,000 level is broken upward, expect a continuation till the 58,000.
📉 In parallel, if the 50,500 is broken downward, expect the bearish correction to start leading to a movement till the 48,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - we have Short trade from $52810. Follow a plan!!BTC - we have a Short trade from $52810. We follow a plan until it hit TP or SL or breaks
Our SL is at $52 600 which means risk free
As I mentioned in many of my previous analysis
BTC pumped a lot and it needs Long-range or some pullback
Also there still a big chance for additional SL hunt - in that case i`ll consider a new trade
Watch full update
BITCOIN - Follow Up Video Because We Broke A Mini High...This video is a necessary follow-up because we've unexpectedly breached the high that, in the last video, I indicated wouldn't occur just yet, while demonstrating my wave analysis with AriasWave.
Now that it has happened, I delve into what actions to take and what outcomes to anticipate. However, if this trend holds true, the timeframe may be too short for me to generate a long-term trade idea.
Witness the developments for yourself and form your own conclusions. The previous video, where I outlined this analysis, will be linked below for reference.
BITCOIN - I Show You How I Analyze Waves Using AriasWave...In this video, I demonstrate how I analyze a wave using AriaWave, guiding you through the process while also unveiling the complete AriaWave pattern.
This method, rooted in human psychology, offers a logical approach to understanding market patterns—a technique I've honed over nearly a decade.
Despite its complexity, I'm willing to share it because I understand the challenges of mastering such concepts. Providing insight into its workings is my way of giving back to those who support my work.
By hitting the boost or like button, you not only show your appreciation but also encourage others to delve into learning.
Just a little side note: For the wave I skipped, it is easier to rationalize a wave that doesn't make sense on a bigger timeframe because you can see more detail in its sub-components.
BITCOIN - Hold Fire For Now, Take Profits and Wait For...In this video, I delve into the distinction between trading and analysis, highlighting why it's crucial to occasionally step back and regain composure when things start to veer off course.
I recount a recent experience where I found myself in such a situation, and how I managed to exit with a profit, opting to wait until clarity returned to the market.
Within us lies both a rational mind and an instinctual one, and at times, they vie for dominance. By attuning ourselves to these fluctuations, we cultivate the ability to pause and detach until our logical faculties guide us back into a trade.
Beware of succumbing to impulsive trades driven by the instinctual mind.
BITCOIN - My View On The Recent Price Action...Here's an update on my earlier long trade proposal, slightly altered by a recent low break, though not breaching the previous low.
This development is intriguing and might establish new support.
I'm still aiming for $55,404, but the formation of support has been unexpectedly unique. If it holds, fresh support emerges at $50,627.
Confirmation of an upward move will occur upon breaking $52,521.
BITCOIN - I Realise Now That This Is A BULL TRAP!!!I've concluded that the current Bitcoin trend resembles a bull trap preceding an impending recession.
Regrettably, I too was ensnared, initially believing it signaled the beginning of another bullish market.
However, I now realize my error. In my forthcoming video, I'll delve into the rationale behind this assessment and share strategies for capitalizing on the long trade during Wave 5 of Wave (C) when it appears imminent.
BITCOIN - Wave Count Rethink - My Wave D Breakout Theory...In this video, I delve into my Wave D Breakout theory.
Upon recognizing the potential for this phenomenon in XLM, it became evident to me that both assets need to breach a specific level.
However, upon achieving this, they are likely to encounter rejection.
So, what does this scenario imply in terms of wave dynamics? My analysis suggests that we'll witness an expansion of the corrective phase within Wave D for both cases.
BITCOIN TO $289,000 - Wave 3 Of Wave (C) In Progress...Here's my latest analysis on Bitcoin, with a target around $289,000.
While I use this number for perspective, it's worth noting that the price could potentially surpass it.
However, it's crucial to recognize that the upward momentum is finite, and as the mania intensifies, many will be drawn into the market before a significant downturn occurs.
Across all cryptocurrencies, we're still witnessing a bubble phase, a phenomenon present in various markets.
Embracing these bubble phases offers us a chance to capitalize before the true bull market emerges.
I'll share another long trade idea as I observe the waves unfold further at higher levels, as I anticipate we're on the verge of entering an extremely bullish phase.