SHORT BTC FOR NEXT LEG DOWNwe are currently failing the "bullish wedge" pattern and is gunna send us down below 18k within weeks see last post Shortby TraderHighCrowned1
CME Reportables for BitcoinThe CME report for the 23rd to 30th of August came out Friday and saw interesting price action from Bitcoin. Another approximate 1k range is currently between 20.4k and 19.3k. This is similar to the previous range of 21.8k to 20.8k. As of the report, Exchanges (Dealers/Intermediaries) increased their Longs by a massive 293%. The change in Shorts being negligible could indicate an interest in holding the current lows. Asset Managers / Institutionals are still closing their long positions and adding shorts however given that the majority of their Long positions were created in November, December, and again in March they are currently very out of position and this seems to be an act to hedge themselves and mitigate risk. This can be seen as they have closed 1306 positions or 18% of their Longs since August 16th. 2 CME Gaps in Price Action still exist from November and December of 2020 at 17k and 18k. With the majority of low leverage liquidity from July and August under the current low at 19.3k a breakdown in price would occur swiftly to test lows from the beginning of July. Until this range is confirmed broken, then the Support at 19.3k and 20.4k is still valid. A word of caution; Be very careful Shorting into Support or Longing into Resistance. Wait for confirmation of range break and assume it is a fakeout until it is confirmed as a breakout. by TrendmasterOfficial13
BTC OscillatorFreakin' hilarious, BTC has been the best indicator of market top and bottom this week. Flipped puts yesterday at support and bought GM calls, flipped my calls on open and bought BITO puts at the resistance. I have no idea if it breaks support or cycles back up next week, but holding those BITO puts for kicks and giggles. I plan to flip my puts Tuesday if it doesn;t break support over the weekend, at this point I figure the worst that can happen is that I lose today's profits. I don't see BTC breaking through resistance over the weekend though I suppose anything is possible.by hungry_hippoUpdated 6
Bitcoin CME FuturesBitcoin is struggling to exit two Trading Ranges. The first Trading range is 19500 - 20600, and the larger one is 18525 - 25270. In case we keep the 18000 zone support and break over 20600 and then 25270, the circled Gaps on CME Chart are expected to fulfill. On the other side of the coin, if we lose the 18000 support, the main support is around 16250 and it's expected to work. Let's see what happens!by Mehrdad_Msl1
BTC with NQ overlayLast couple of days I used BTC as an indicator to buy or sell as it hit support and resistance. This NQ overlay on top of BTC makes me wonder if it is now tracking the market, with a tendency to overshoot the selloffs. Still trying to figure out BTC, I made money because of it this week, so I'll keep an eye on it. I have to anyways because I left open some BITO puts, lol.by hungry_hippoUpdated 118
BTC/TLTI mentioned this before, BTC price level depends on bond yields. The correlation doesn't hold day to day but the overall picture is still valid. Garbage stocks are the same way, I did an ARKK overlay a while back as well. BTC holding this support area near 20k will depend entirely on if yields rise or not. I don't see yields dropping again so BTC has very limited upside potential right now. At the same time it's not worth shorting here. I will short any pops though because there's zero reason for crypto to rally until the Fed starts cutting rates, and they've already said they won't NEXT YEAR. So expect another 15 months of crypto "winter". You would've made more money buying call options on anything else today.by hungry_hippoUpdated 6
the BTC is going up28000 is the perfect point to bay the bitcoin, if it's not broken 19000 zone, awere tp is 24555by Othman_En0
Resistance in thr cloudBitcoin needs to break through the resistance it seems to be following. There’s a chance it could go sideways until October 10th while some accumulation happens . September up and downs between 19500 and 20300 are likely It MUST have strength to smash through or it’s more downtrend by moggsuk20
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22420 Pivot: 20785 Intermediate Support: 19400 Support : 18610 Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20785 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are to the 1st support at 18610 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Take note of intermediate support at 19400 where the swing low support is. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are. Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .by Tickmill0
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22420 Pivot: 20785 Intermediate Support: 19400 Support : 18610 Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20785 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are to the 1st support at 18610 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Take note of intermediate support at 19400 where the swing low support is. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are. Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .Shortby Genesiv0
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22420 Pivot: 20695 Intermediate Support: 19390 Support : 18830 Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20695 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 18830 where the swing low support and -61.8% fibonacci expansion are. Take note of intermediate support at 19390 where the 127.2% fibonacci extension and swing low support are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are. Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .by Tickmill2
🤖 #SENTIMENT- 30.08 🤖TLDR In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally USDT DOMINANCE Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts ALT CAP EXCL. BTC & ETH Playing out the last of a Head and shoulders pattern with the possible bottom in the next few days then could result in a big rally from there driving Alts up BTC Finishing off the last of a descending wedge over the next few days then possibel breakout on the cards BTC DOMINANCE We will likely see a bounce at the bottom of this channel now as a result of BTC pumping - this may leave Alts a little stagnant but they will follow. by Kryptochristian5
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22420 Pivot: 20695 Intermediate Support: 19390 Support : 18830 Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20695 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 18830 where the swing low support and -61.8% fibonacci expansion are. Take note of intermediate support at 19390 where the 127.2% fibonacci extension and swing low support are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are. Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation, we have a bearish view on Bitcoin.Shortby Genesiv0
WE CANNOT IGNORE BITCOIN HOLES.SEEMS ARE THE DRIVING SIGNALSHello. I do not call the GAPS. I do call them HOLES. Today increased from 3 to 4. The question is: Are we going to cover the upper HOLES before to crash further? The possibilities are 70% - 30% for upper movement first, simply because we just bottomed on the wave C. If we accept that we follow a long term correction with ABCDE waves, bitcoin soon must start the wave D upside. Thank you for reading my personal opinion. Leave your comments below and click like if you agree with my idea. I will really appreciate it and I wish you good luck with your personal choices. by WatchingThingsGloballyUpdated 448
Bitcoin Fib Simulation Mid-termfibs are set to default mode: a - a.236 - a.382 - a.618 - a.786 - b - ... Previous mode: a - a.272 - a.414 - a.618 - b Current default mode has more units to cover group of patterns which contributes to higher visualization of logical consequence of fluctuations and interconnectedness of market volatility to the nature of fibonacci phenomenon. Any impulsive wave will be reflected at psychological levels of market which are in quantum state at Fibonacci intersections. Golden ratio always balances market out. Tilt from idea below based on 2 ATH chart can be recreated and derived from just one recent cycle covered with 3 directions of FC projecting the multi-target system out of critical points of fractal. For every action, there is an equal and opposite reaction.by fractUpdated 1111109
Bullish look on btcHeld an important 618 during an absolutely horrific move on the nasdaq. stoch upcurved. Had a whole short idea based on the fact that the Nasdaq hadn't moved down much, and that when it did move down BTC would fall of a cliff. This isn't the case. While I'm not a mid term bull, getting short here is incredibly stupid.Longby InsaneGamingGoblinUpdated 0
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22485 Pivot: 20720 Support : 18870 Preferred Case: On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 18870 where the swing low support, -61.8% fibonacci expansion and 161.8% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 22485 where the pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement are. Fundamentals: Since institutional investors have been pulling out of Bitcoin for the past two weeks, we have a bearish outlook on Bitcoin.by Tickmill1
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22485 Pivot: 20720 Support : 18870 Preferred Case: On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 18870 where the swing low support, -61.8% fibonacci expansion and 161.8% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 22485 where the pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement are. Fundamentals: Since institutional investors have been pulling out of Bitcoin for the past two weeks, we have a bearish outlook on Bitcoin .Shortby Genesiv0
How to control your trading mentality 🧠Mental training helps individuals to improve their performance by preparing their emotions and mind. Focus, confidence, and motivations are important factors of mental factors. According to a study done at Brown University, it may be possible to train your brain’s automatic emotional responses. It may improve your experience in trading. To be a mentally tough trader, one should tap into his emotional and mental resources that keep his mind in check at its peak as often and consistently as possible. One may make wrong decisions when he/she is unstable emotionally and mentally. Stop 🚫 It does not matter how you good or how experienced you are in trading. If you don't see the whole picture 100%, your trading experience would end unsuccessfully. What happens when you keep hitting that stop loss and losing money? Your body starts to release cortisol, the primary stress hormone, which increases blood sugar in the bloodstream. When cortisol level is more than normal, you will have high blood pressure, will become agitated, irritated and start to sweat. You have to STOP! You will only lose more if you continue to trade. Take a breath and take a step back. When you come back, you will have a better perspective and a better picture of how to trade. Accept ✅ Every trader has their own pace of learning and trading. Don't compare yourself to others. Your friend may have started earlier and made more than you. You just have to ACCEPT! Trading is not about competition. You cannot start trading with a competing mentality. Don’t take a higher risk than you can handle. If you have only $100, just accept that you have $100. 100 is a start of a bigger number. Don’t follow social media group who claims how much they made and how easy it is. Your brain may unconsciously make competitive decisions. Make a plan 📝 You have to make a plan. You may have made a plan and failed. Let me tell you what worked for me. Like many traders, I lost in the beginning. The more you lose money while trading, the more you focus on the money not on the trading. When you focus on money, you may try to find money by different ways; borrowing, stealing and some in easy ways. To make a plan to trading, you have to see the whole picture; the risk, the situation it is creating for you, your family and finance and your future. Summary It is important to stop when you are overwhelmed and take a step back. When come back you will see how much difference it makes when you are calm and in control of your emotions and mind. Accepting that you have your own pace of learning and trading is also crucial in trading. Last but not least, to make a plan consider the risk and the situation. Be prepared and be in control of your emotions. Now you know when to stop and accept. You are ready to start your trading journey. Don't put at risk what you already built. Take it slow at your own pace.Educationby YertuntsTrader8826
BTC! Small time pump then will Tank, hence we still in bare market so Tp When happy and sniper entery the top with sellls😎💰#cryptoKing Longby VdubzFx0
Hello World Hello, world! I think it's time to get meet. I see the true trading volumes of the markets. At what point in time did someone buy or sell How big is the position of a major player the average price of his entry and the moment he exits the market I literally read the market. And I see its essence. Predicting movements is a thankless and foolish business. Nobody knows the future. NO ONE It's much more important to see the present, the point at which everything will change. Turning points . Right now, I see trend changes in the most liquid indices and crypto stocks. Follow me and I will show you the truth Let’s starts I transferred the data on entry and exit of trades to the BTC chart entry on July 8, 2021 to short position from 33430 - exit on July 21, 2021 at 30860 - profit 7.87% entry on July 21, 2021 to long position from 30860 - exit on September 7, 2021 at 50655 - profit 64.25% entry on September 7, 2021 to short position from 50655 - exit on September 30, 2021 to 43480 - 14.15% profit entry in long position on September 30, 2021 from 43480 - exit on 21 October, 2021 from 64600 - profit 48.79% entry in deal on October 21, 2021 short from 64600 - exit on February 24, 2022 by 38765 - profit 41.50% entry in trade on February 24, 2022 long from 38765 - exit April 1, 2022 at 44780 - profit 18.65% entry in deal on April 1, 2022 to short from 44780 - exit on May 26, 2022 by 29555 - profit 34.03% entry in long position at 29555 on May 26, 2022 - exit on June 1, 2022 at 30725 - profit 3.92% entry in the deal on June 1, 2022 short from 30725 - exit on June 21, 2022 at 20895 - profit 31.96% entry 21 June 2022 long from 20895 - exit 19 August 2022 at 21480 - profit 2.70% entry in August 19, 2022 short - trade opened at the moment You can see the result 267% in 14 months - which is a very decent result I will try to publish the information about the changes in my trading position on the day when it changes or with a slight delayby mr_Plusoviu0
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 22490 Pivot: 20695 Support : 18890 Preferred Case: On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 18890 where the swing low support is. Alternative scenario: Alternatively, price could rise to 1st resistance at 22490 where the pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement are. Fundamentals: Since institutional investors have been pulling out of Bitcoin for the past two weeks, we have a bearish outlook on Bitcoin .by Tickmill0