Crypto-analysis
The analysis of the behavior of major player Part 4We begin our 4th part of the demonstration and disclosure of this method of analysis with the current BTS example.
Now we can see how all our previous forecasts for the current situation came true exactly before all the current reversals.😉
A very good example of working with the analysis of the behavior of a major player is right in front of you, guys.
Look, we fixed the breakdown of stops, which in turn are signals to buy and calmly went for a correction, before the start of a massive pump.
Thanks
Trading Idea - #BitcoinGeneral sentiment is right for Bitcoin!
BUT!
The price of Bitcoin is currently struggling at the upper edge of an ascending triangle formation. A clear breakout seems to have failed. The logical consequence for me would be a return to the inner of this triangle.
A beautiful course from a chart-technical perspective, would be a return to the upward support line of the triangle. From there it can go up again to attack the 50,000 USD level!
I entered at 46,300 on SHORT with a target at 41,200 USD. My stop is at 48,000 USD!
*not an investment recommendation
AAVEUSDT Correction ?AAVE was a successful trade that I personally took .
By looking at the chart and the FIB level it touched , I will be expecting a retracement or a small correction in order for it continue going up . Just keep in mind , that in case AAVE decouples from the general crypto market like it had done in the past , it could just keep going up .
In my opinion , I am in favor of having a retracement before going further up around $188 or even $175 which was the downtrend breakout .
In addition , is also important to note that a violent breakout of BTC to the upside or a retracement could just move AAVE and other ALTS violently up or down , at this point I believe everyone needs to be cautious .
By saying this personally I would be waiting for AAVE to break this level and test it as support before re entering a position or waiting for the retracement and longing or buying spot at the local bottom after the correction .
POSSIBLE LONG POSITIONEntry @ orange line + orange flag
Target $44500 take profit
Stop Loss $40100
Bullish short term
Using Pionex grid bot - fully automated and ability to leverage up to 5x
The reason I took this trade is because Bitcoin has bounced off the rising lower support level on smaller timeframe (white dotted line ascending) which means we are close to a pivot point. I expect at least 1 price action fakeout either to the upside or downside. This time I am guessing that BTC will increase to $41500 and flip as support, and then rise to $45 before the Big Short to $30k.
BUYING DIPS AND EATING CHIPS (Btc-Usdt)Last night….saw some uptrend but held my bearish position since $39,967 previously…….thought they had us in the first half not gonna lie. Now I will continue to push for lower threshold, unless people wake up on Monday’s and decide to buy but let’s see how stocks perform. Historically the week starts off bearish for stocks and ends the week bullish. But the world is unpredictable as ever nowadays. Buy those dips and Eat those Chips! (Using Pionex trading bots) currently up +22%
ETH - One More Roadblock!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached below), we were waiting for the bulls to take over, by first rejecting the support then breaking above the upper gray trendline.
However, the bulls were too strong and broke the gray trendline before forming the third swing around it as per my trading plan.
UPDATE: ETH is now forming a potential big inverse head and shoulders pattern, marked by orange arcs.
For the bulls to take full control, we need a momentum candle close above the gray neckline which covers the entire pattern/structure.
Meanwhile, until the bulls take full control , the bears can still kick in to form an over-extended right shoulder.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN Technical Analysis! Buy!
Hello,Traders!
BITCOIN has pulled back from the all-time-high
And the pair is trading in what seems to be a falling channel
Etching closer and closer to the 50-52k deamand area
Where, I belive the market participants will be adding to their longs
And after the breakout from the channel
I believe BTC will go up and retest the All-Time-High
Buy!
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See other ideas below too!
Daily Crypto Market Update - Showing Bullish Signs Again - OXTIn this video:
A discussion of the overall crypto market sentiment
A discussion of future price action
A look at the altcoins market
Is sentiment beginning to turn bullish again?
Orchid OXTUSD charted with levels for paid subscribers at substack
Bitcoin holding its groundBTC operating in a nice upward trendline after creating a double top. We can see from the fib retracement a respect of key levels... Usually you can measure the next move by measuring the size of the first impulse but I am not going to Indulge in speculation on BTC long term targets lol. A break above current ATH's is almost inevitable in my eyes..