Here we have the BTC historical Volatility Index in blue. Orange is the price of BTC. The teal line is the 50sma for volatility. At the bottom, I have the correlation coefficient (CC) for the volatility index with BTC. I have marked in green when the CC reaches above 0.50, and red when it crosses below -0.50. The fibonacci retracement is fairly arbitrary, but...
Waiting on BINANCE:BTCUSDT to make its move. The end is in sight just waiting for it to get down there. Showing support around 13850, 6388, and 3334. Fib showing Golden zone around 7019 with potential to go as low as 4116. The 2018 cycle ended where BTC is currently sitting. The 2018-2019 downtrend was approx. -75% and we are currently at -73% is this it for...
On this chart, we can see that lower 10k to 6k is reachable. The Major support are going to be tested in my opinion. This would be very healthy for the markets and new investors could jump in at lower price to HODL LONG TERM.
LIKE THIS POST :)
This is our short-term analysis updated...
Targets are as follows:
1) $16,750
2) $17,055
3) $17,220 (higher high)
4) $17,690 (final target for this chart setup)
The short-term charts are always changing... Fast.
Invalidation happens short-term below the blue-line or a stronger stop below the 19-Dec. low.
Any questions just leave a comment.
----
I shared a...
As the people buy bitcoin thinking its the bottom,
(16,000-17,000)
WHALES will SELL HARD
ON THAT TOP (18,000) CATCHING ALL THE SMALL FISH IN ONE SOLID HIT. (SELL BUTTON)
THEN!
REAL CAPITULATION WILL OCCUR. (12,000-9,000) (REAL BOTTOM)
Consolidation continues to takes place.
The chart remains the same so we will have a look at something different today.
First the shakeouts.
- We had one 19-Dec and another one yesterday, 22-Dec.
- The second one smaller than the first and also a higher low.
Now an interest data point.
BitFinex price for bitcoin is higher than all other exchanges, I am seeing...
BINANCE:BTCUSDT
maxRECORDS (Future Trading)
LONG | BTC
Entry : 16800
Take Profit
17500 & 18500
Stop Loss
16500
2x Leverage with High Amount.....
For More Signals
Please Follow My Account.....
We just had a shakeout yesterday which can be taken as a bullish signal.
A breakdown of support is obviously bad but seeing prices quickly recover after a drop is a sign of bullish strength.
Bitcoin (XBT) remains within the same range as the 16-Dec. drop.
Our main support levels will remain $16,580 and $16,100.
We remain bullish above these levels...
The path for Bitcoin still remains bearish as price action remains below the 200 SMA on the daily timeframe. Dollar Index continues to climb adding additional bearish pressure for Bitcoin.
As of writing this article, I don't see any reasons to buy at these prices. I see Bitcoin dropping lower towards 14000 and beyond that towards 10,000
With no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels.
What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices:
job cuts
Covid is spreading like rapid fire throughout China.
Ukraine War which not coming to near end.
Inflation and massive energy bills
with nothing...
Bitcoin (XBT) is trading within a descending channel.
- Chart signals are bearish.
- Trend bearish.
There is a bullish divergence with the RSI.
Potential for a reversal in the current zone possible.
Main support $16,500.
Above this level bitcoin can break out of the descending channel and move up (green arrow).
Below $16,500 this analysis is...
Bitcoin (XBT) continues trading within a range.
All the technicals are the same as before, bullish.
We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.
The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.
Better to wait after they make their move to see how the market...
What if the low is already in? A look back at the patterns we have since early 2021, it is the first time since China mining FUD in May 2021 we have a bullish pattern forming again. This is the weekly chart so this is more of a longer term idea...also, the bullish MACD cross on the weekly is still intact. But you pretty much cannot trade this in the crypto stocks,...
LEVERAGE BTC Futures LONG ✅
Entry Point : USD 17440
Goal : USD 18000
Stall Brake : USD 17180
Leverage is extremely risky and must be executed with money that we are willing to lose or touch the stop loss
Leave a comment that is helpful or encouraging. Together we can dominate the markets.
Trading is the only trade in which the only one...
