18k — Trading Ideas on TradingView

BTC: Double top formation could play out!Based on the double-top formation, it seems apparent that the price may decrease. If the price falls below the critical support zone, there could be a potential downward move to 18k. Additionally, due to the DXY's strengthening, it is expected that the price of btc will decrease shortly. Furthermore, Keeping an eye on the fair value gap and CME gap below current price levels is prudent. These gaps tend to get filled at some point, and the way BTC looks now, the gaps are expected to be filled soon! It is important to underscore that absolute certainty regarding market direction remains elusive. However, multiple indicators currently align to suggest a bearish market sentiment. Notably, the current inversion of the yield curve has reached magnitudes reminiscent of the conditions observed in 1928. This historical parallel is concerning, as it casts unfavorable implications for the overall economic landscape. With regards to the BMS band: In previous years, the bull market support band (b.m.s. band) has been an excellent indicator of a shift in the market. When the price gets below the band, the price tends to get into a bear phase. And when the price breaks above and holds above the band, the price tends to start a new bullish trend. As of now, the price has closed below the b.m.s. band for the first time this year. This potentially marks the start, or some would say continuation, of the downtrend that many people had been discussing. In my humble opinion, this confirms a more significant downtrend. The market has shown a lot of weakness for the past many months. I'm expecting 21k at first and 15k after that. For now, one should stay away from Altcoins as they can drop another 70-80% should BTC drop a lot further. With regards to DXY In the past few weeks, the DXY index has been showing some strength, and the current bullish momentum is amplified by the price breaking above the falling channel! It is reasonable to mention that the index is currently approaching a high resistance zone, and if that zone is broken, the index could be seen at the 108 level. The reason why the DXY is so interesting to watch is due to the fact that Stocks and cryptocurrencies have an inverted price action to DXY. DXY can, therefore, be used as an inverted indicator to tell the possible direction of Stocks and cryptocurrencies. Stocks and cryptocurrencies are expected to go lower if DXY keeps its bullish momentum and keeps rising.

🔔18k incoming? 🔔📈 Chart Analysis: Quick update on the current slow sideways market Recent Developments: Small flag pattern on BTC break up would indicate 35k is next a break down would suggest that our mini bull run is over for now! BITSTAMP:BTCUSD KUCOIN:INJUSDT INJ broke out of the flag and hit target 1 however showing very toppy signs with a double top in stage 3 that is still valid. it also is producing a small flag patten so if we break out of that it is likely that my topping theory will be invalidated! 🔔 Risk Management: It's imperative to tailor your position size in accordance with your risk appetite. Employ astute risk management tactics, such as trailing stop losses, to safeguard your profits as the price advances in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.

12:04

BTC Detailed Top-Down Analysis - Day 114 Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst. 114 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich

02:07

BTC - Critical Period / Area! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been overall bullish for the last 2 weeks trading inside the red channel. We would be bullish (short-term) as long as we are trading inside the channel. However, the 18k is a strong resistance zone as it is intersecting with the upper red trendline which acts as a non-horizontal resistance. So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it. We would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

BTC Detailed Top-Down Analysis - Day 83 Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst. 83 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich

02:34

Bitcoin not looking great Now many people have been calling for a short in Bitcoin recently and wonder if there is any bearish possibility. Well its the weekend and we seen week volume. A 500btc pump than 3k btc dump from this morning to now. Theres two outcomes atm sideways accumulation or more dumps. Accumulation might be likely, but again we could go lower due to miner reward can't keep up with the zero demand atm. Why would we dump? Well like talked about before after the halving the new bottom is between low 6k to high 7k, yet with inflation you could say the new bottom is 7k and 8k range which backs up the sideways accumulation. TA -i drew a downtrend pitchfork from the high to sidways movement to recent dump. It shows we are in the midzone of great value for bitcoin, yet it is trending down and i suspect a massive move when we get close to the purple line at 8196 roughly. -The support and resistence lines between 8728-8959 is pretty massive which is uncertainty as we go sideways. -MACD is bearish, but it is over blown and could see a bounch back to 9121 before going back down -RSI supports the MACD turning bullish with an oversold zone, yet could go sideways till futher movement down. -We are below the ema, yet most the time we do have a bounch back creating a newer high. I think bitcoin is a great buy between there 6-8k range, but wont be buying till I see further confirmation of more movement. Many people I know are predicting a near 20k btc by eoy, which we didn't 20k we hit in the 19k range, so we could hit 17-18k buy eoy by shorting their expectations. I put a short even tho I'm buying due to the fact the pitchfork points in more downward movement, yet we are close to miners breakeven point.

BTC Next Move Up?BINANCE:BTCUSDT Hi Guys! I've been trading and doing my own charts for over 3 years now and thought of publishing my first idea! So please feel free to comment and give me feedback!. For the purposes of this idea, I've kept the chart quite lightweight. Alright, lets get to my reasoning. Bitcoin seems to be retracing down on it's 4th wave right now according to my Elliott count. The current levels of 9.7k lines up beautifully when looking at the 0.618 retracement between wave 2 and 3. This level is also supported by the 200 EMA on the 4hr chart. To make things better, the volume seems to have hit support levels and RSI is hitting oversold levels showing that there's a high chance that this price will be supported. Keen to see what unfold within the next few days! Thanks for taking the time to look at my idea. Don't forget to leave a like or follow me if you found my analysis useful :) Peace.

Bitcoin on thin winter ice, skating to $18k & beyond [BTFD] HoHo Well as of publishing we just hit $18,000 for Bitcoin 1 Hour chart shows clear golden cross after breaking up out of the triangle bitcoin supports held and helped push price to a new ath and onwards to a possible $22k before crimbo is on the the xmas cards if it does break down into the blue area we could see a quick reversal tho, still exciting stuff trade smart and increase the peace, bitcoins are not just for xmas....mackay...