Cryptocurrency trading, or the buying and selling of digital assets like Bitcoin and Ethereum, has emerged as a dynamic and potentially lucrative endeavor.
For beginners, it’s essential to understand what makes cryptocurrency unique, familiarize yourself with common trading concepts such as order books, trading pairs, and order types, and become comfortable with...
This week is a big macro week with many macroeconomic data releases centered on the Fed rate decision. However, overall expectations are consistent and the macro data is less correlated with crypto sentiment, with low IV's and little volatility expected from major terms at this time. the impact of the BTC spot ETF is over, and the impact of the grayscale selloff...
The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path.
The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) .
From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and...
Previously in the Series..
👉 Launch of BTC futures on December 18, 2017
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.
👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021
Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter.
👉 Launch of AMEX:BITO - the first fund based on...
I've been trying to use some tools for TA. This time I'm using the Gann Fan & Gann Square. I love trading lines because they are simple and you can project your target with patience. I'm looking to buy from 32.5k downwards, hopefully to 23.5k...21k? Why not!!!
So, even though my gut is telling me to wait until around 25k...I've decided to DCA starting at 32.5k....
BTCUSD is on a remarkable journey, seemingly heading towards a new all-time high. This movement indicates a strong bullish momentum within the crypto market, as Bitcoin continues to gain traction among investors. With growing interest and adoption, BTCUSD's upward trend reflects increasing confidence in its value and potential. Market participants are closely...
Bitcoin Is retesting off the previous structure.
Final retest looking for it to break down and close the candle and continue down
Based on the trend it's still trending down and it has not created a new high
Looking at BTC we are seeing big pushed up, breaking supply zones. Momentum is to the upside, if there is buying potention I'd say this is the area to do it.
If price refuse to break the 43k zone, then we can expect a sell to 38k to be on a safer side but my psychological take profit is 35k.
REASONS FOR ENTRY
=> 0.5 fib retracement level
=>shift in Ms
=> liquidity
Note that this a personal idea and not a financial advice
Bitcoin failed attempt to break 40K means the broader support area is still in play. While the broader resistance is 45K, the minor resistance is 42.5 which appears to be affecting price now. IF a bearish pin bar appears at this location, it increases the chances of a bearish retrace back into the 40.5K area. THIS is the scenario I am looking for in order to...
It is expected that after some fluctuation and rise, a trend change will take place and we will witness the beginning of a downward trend
If the price crosses the level of 78.6%, the possibility of continuing the upward trend will be higher
Btc is becoming more bearish by the Day....as of now....Expect Btc to rally to around 42,800 to 43,000 level areas,then a massive Dump will follow to 30k and Below
I've been implementing this macro pattern in my trading activity even before 2023 started, due to the Tritch Matrix, a cycle theory of investment proposed by George Tritch. The theory suggests that it's time to purchase assets at the beginning of a new cycle, which is predicted to peak in 2026.
With this understanding, investing in Bitcoin seemed to be the...
Retest of bearish candles formation on weekly TF
Bear in mind it's against current solid uptrend however deeper correction is due
Let the market decide
GL
I have been trading this Macro pattern since before 2023 started, with the knowledge of the TRICH matrix (A Investment cycle theory invested by George Tritch) that stated that the time to buy Assetts due to the beginning of a new cycle. This cycle comes to a head in 2026.
Therefore with ths knowledge accumulating BITCOIN due to its performance history was the...
I don't actually know TA but I just had this message sent from god.
Down to the $32-34k range, but still in the long term up trend since bottoming. Look for a good buy area in low $30k's.
Unfortunately, we still have to trim off about 20%, sorry to break it to you. But the sunshine will come after the rain.
-Bo
Today a friend of mine attempted to talk me into crypto. I dusted off my BTC chart and voila!.. I saw only bears... I might be wrong, though. I don't usually follow BTC, but this count came without any effort.
I'm not saying I'm 100% right, but be careful, guys.
