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BTCUSD - We all love fractals so here's another oneNot the first time I show up this one, So, we're still following this mega structure but with tinier scales - Green ellipse : We can start this fractal from the approval of the BTC ETF that happened the 10th January then BTC went ~20% down, followed by a ~100% move till the 10th March, 2 months ride The same happened end august 2020, btc went ~20% down, followed by a ~600% move till early April We are comparing, 100% and 600% moves, this is why we won't go super low this time (but we can still go 10% lower) - Orange and blue ellipses : next for the fractal is the double top with a long time range between the top and the blue ellipse resistance, with very similar moves, if you want more details on it check this idea : even tho the paths and targets are wrong in it, the explanation remain the same, I just thought BTC wouldn't follow the whole pattern - Red ellipse: this is where we are and its almost the end, at the very end of this part in 2020 BTC made 2 dips. 1 above the red circle and 1 below. the second dip is because of FTX but was technically forecastable, meaning that with or without this "news" BTC could have go there We are now sitting above the purple circle, so 2 scenarios : - we are not going for another dip and we go up from now - we make another dip, below the purple circle and that would bring us to ~50k - 0.382 fib (My guess is on that one) then target 100k :))
COINBASE:BTCUSDLong
by onemorewine
Bitcoin Bull Flag: Last Hurdle for a Major Rally Over six weeks ago, Bitcoin start forming a Bull Flag pattern. The breakout above the 20-day and 50-day Simple Moving Averages (SMAs) confirmed a low, setting the stage for a potential rally towards the Bull flag's target of approximately $100K. Fast forward to today, BTCUSD has not only surpassed these SMAs but also cleared the Ichimoku Cloud, positioning the price above the 20-day, 50-day, and 200-day SMAs. This alignment signals a bullish outlook. Recent Price Action Recently, Bitcoin has surged past the $71,600 mark, showing a 3.30% increase in the last 4 days. This rise is driven by renewed enthusiasm from both new and short-term investors. According to GlassNode’s latest report, the market is seeing a resurgence in speculative interest. Long-term holders (LTHs), considered the most experienced market participants, are maintaining their positions and continue to accumulate Bitcoin, indicating strong confidence in its long-term growth potential. Technical Resistance and Support Since its all-time high in March, Bitcoin has faced resistance at the Bull flag's upper trend line, with three failed breakout attempts in April an May. As of June 7, BTCUSD is testing this critical resistance again. A successful breakout could lead to a significant rally to $100K, while failure to clear this trend line might result in a correction towards the $54-55K range — watch carefully on SMAs an Ichimoku Cloud. Market Sentiment The "Sell-Side Risk Ratio" suggests that most profit-taking has already occurred within the current price range, pointing to the potential for volatile movements soon. Despite recent market consolidation, long-term holders have shown minimal selling activity, reinforcing their confidence in Bitcoin's future appreciation. Conclusion Bitcoin’s market outlook remains optimistic. The alignment of key SMAs and the Ichimoku Cloud supports a bullish scenario, with further gains likely as speculative interest increases and long-term holders remain steadfast. The next critical test is the $71,300 resistance level, which, if cleared, could pave the way for a substantial rally.
Long
by Vestinda
BITCOIN Will we see 60k before 100k?Yesterday we discussed from a 4H perspective (see chart below) why it would be technically possible and above all healthy for Bitcoin (BTCUSD) to pull-back to the 1D MA50 and then rebound: Today we approach this from the 1W time-frame where the results are virtually the same. As you can see, Bitcoin has pulled-back towards the 0.382 Fibonacci retracement level measured from the previous Low on both previous corrections. Even the April - June and July - September double corrections last year (2023), both didn't exceed the 0.382 Fib. With the underlying long-term pattern for BTC being a Channel Up since the November 2022 (FTX crash) bottom, such a pull-back would be a new Higher Low. As you can see every Bullish Leg to a Higher High is slightly weaker progressively. The 1st was +104.28%, the 2nd +96.69% (-8% lower), the 3rd +92.48% (-4% lower), so we may have a pattern here where every Higher High's decreasing rate is -50% lower each time. This indicates that the next Higher High may be -2% less, i.e. +90.48%. That gives us a $110000 Higher High target but it is always safer to start taking profits (medium-term at least) around $100k. So if this model continues to repeat those systemic sequences, we are looking at the possibility of a 60-58k pull-back towards and marginally after the Halving and then new rally to $100k. It is worth mentioning that every time such Higher Low pull-back took place within the Channel Up, the 1W MACD either made a Bearish Cross or a very tight Squeeze. We can already see the MACD reversing downwards. So what do you think? It is more probable to see a 60k pull-back before a new rally to 100k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
15
#Total market cap breakout this Adam and Eve pattern!TOTAL MARKET CAP ANALYSIS After a good breakout, the total market cap is currently retesting above the neckline of the Adam & Eve pattern. A bullish trend is being determined by the MA 200. The continuance of the bullish surge would be verified by a successful retest above the neckline. If the retest is unsuccessful, the price will capture liquidity below the horizontal support and bounce after attempting to test the MA 200. BASIC INFO Adam and Eve is a bullish and bearish reversal chart pattern that appears in a downtrend or uptrend. The pattern was first mentioned in the book Encyclopedia of Chart Patterns by Thomas Bulkowski, and until these days, it is a relatively unfamiliar classical chart pattern to many traders worldwide. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:TOTALLong
by CRYPTOMOJO_TA
9
Bitcoin Under Pressure As Expected, Shorts Take Profits Bitcoin has been short at 23,900 for many consecutive days, and it has already been traded for profit. The market outlook will maintain the original idea, continue to be bearish on Bitcoin, and those who have not entered the market can wait for a rebound in the evening. After the rebound, rely on the pressure of 23,800 to sell empty orders Can be re-entered. The operation suggests selling at 23800, risk control at 24400, and target at 22300-21500. Bitcoin bearishness is based on the following: 1. Although Bitcoin has reversed and adjusted midway, the overall trend is still seen as a gradual decline after the top is built. 2. The upper pressure is 23800~24700, and the lower support is 22300~21500. I hope that friends can ask questions and discuss together BITSTAMP:BTCUSD
Long
by Crazylambboy
STOP LOSS TRADING STRATEGY!Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules. 1) The first trading strategy is a trend line strategy. The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a trend line, you should identify the previous high. Your stop loss should lie strictly above that. 2) The second trading strategy is a breakout trading strategy. The technique implies buying/selling the breakout of a structure, expecting a further bullish/bearish continuation. If you are buying a breakout of resistance, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a breakout of support, you should identify the previous high. Your stop loss should lie strictly above that. 3) The third trading strategy is a range trading strategy. The technique implies buying/selling the boundaries of horizontal ranges, expecting a bullish/bearish reaction from them. If you are buying the support of the range, your stop loss should strictly lie below the lowest point of support. If you are selling the resistance of the range, your stop loss should strictly lie above the highest point of resistance. As you can see, these stop-placement techniques are very simple. Following them, you will avoid a lot of stop hunts and manipulations. What Is a Stop-Loss Order? A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. Suppose you just purchased Microsoft (MSFT) at $20 per share. Right after buying the stock, you enter a stop-loss order for $18. If the stock falls below $18, your shares will then be sold at the prevailing market price. Stop-limit orders are similar to stop-loss orders. However, as their name states, there is a limit on the price at which they will execute. There are then two prices specified in a stop-limit order: the stop price, which will convert the order to a sell order, and the limit price. Instead of the order becoming a market order to sell, the sell order becomes a limit order that will only execute at the limit price (or better). Advantages of the Stop-Loss Order The most important benefit of a stop-loss order is that it costs nothing to implement. Your regular commission is charged only once the stop-loss price has been reached and the stock must be sold. 3 One way to think of a stop-loss order is as a free insurance policy. Additionally, when it comes to stop-loss orders, you don't have to monitor how a stock is performing daily. This convenience is especially handy when you are on vacation or in a situation that prevents you from watching your stocks for an extended period. 4 Stop-loss orders also help insulate your decision-making from emotional influences. People tend to "fall in love" with stocks. For example, they may maintain the false belief that if they give a stock another chance, it will come around. In actuality, this delay may only cause losses to mount. 5 No matter what type of investor you are, you should be able to easily identify why you own a stock. A value investor's criteria will be different from the criteria of a growth investor, which will be different from the criteria of an active trader. No matter what the strategy is, the strategy will only work if you stick to it. So, if you are a hardcore buy-and-hold investor, your stop-loss orders are next to useless. At the end of the day, if you are going to be a successful investor, you have to be confident in your strategy. This means carrying through with your plan. The advantage of stop-loss orders is that they can help you stay on track and prevent your judgment from getting clouded with emotion. 2 Finally, it's important to realize that stop-loss orders do not guarantee you'll make money in the stock market; you still have to make intelligent investment decisions. If you don't, you'll lose just as much money as you would without a stop-loss (only at a much slower rate.) Types of Stop-Loss orders Fixed Stop Loss The fixed stop is a stop loss order triggered when a particular pre-determined price is hit. Fixed stops can also be timed-based and are most commonly used as soon as the trade is placed. Time-bound fixed stops are useful for investors who want to provide the position with a pre-set amount of time to profit prior to moving on to the next trade. Only utilize time-based stops when positioned sized properly to permit major adverse swings in share price. Trailing Stop-Loss Order Trailing order caters to the capital gains protection of an investor, while simultaneously providing a hedge against any unexpected price downturns. It is set as a percentage of the total asset price, and the order to sell is triggered in case market prices fall below the stipulated level. However, in the case of a price rise, the trailing order adjusts automatically in tune with an overall increase in market valuation. Suppose, in a trailing stop-loss market, an order for execution is set if the price of a security falls below 10% of the market value. Assuming the purchase price is 100 an order to sell the security is executed automatically by an authorised broker if the price falls below 90. In case the share prices rise to 120, the trailing order stands at 10% of the current market price, which is 108. Hence, if prices consequently start falling after peaking at. 120, a stop-loss order will be executed at 108. It allows an individual to enjoy a capital gain of 8 (108 – 100) on his/her investment corpus. Stop-Loss Order Vs Market Order While a stop-loss order performs a sale of underlying securities provided the price falls below a prescribed limit, a market order is issued to a broker to conduct trade (both buying and selling) at the prevailing market price. Stop-loss orders are designed to reduce the risk factor, while market orders aim to increase liquidity in the stock market by eradicating the bid-ask spread difference. A market order is the most basic form of trade order placed in a stock market. Stop-Loss Order and Limit Order Limit orders execute a trade of stipulated securities if the price reaches a pre-set value. While a buy limit order facilitates the purchase of any securities if the price falls below the given limit, a sell limit order is executed if the price rises above the value. Limit orders are designed to maximise the profitability of an investment venture by maximising the bid-ask spread. It is in contrast to stop-loss orders, which are implemented only if the price is equal to the limit stated by investors, as a method of minimising losses in a bear market. If you like our content, please feel free to support our page with a like, comment & follow for future educational ideas and trading setups.
Education
by CRYPTOMOJO_TA
5
(BTC) Bitcoin: Whats on the menu?Lets take a look at LOG Scale We can clearly see the completion of 2 legs down so far. Will there be another leg down? No: Counts can be 3-3-5 or 5-3-5 so far depending the way one counts but either way this would yield a complete corrective pattern so far. Yes: If there will be another leg down the current move is expected to be 3-wave pattern like the first corrective pattern and we would now be starting the C leg up Strechting the first corrective pattern to make it the current move so far, we can see it would exactly hit the trendline (you cant make this up really, can you?!) Favor remains on the bulls side unless a new low would invalidate. PA will show wether this move remains corrective or (as most would be surprised by) impulse Hold my beer pls ---- No financial advice, do your own research, don't be stupid
by NastyBeer
BTC shifted bearish, continuation possible📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BITSTAMP:BTCUSDShort
by Yelli_trades
11
CHFJPY - Look againHi team, This week my analysis on CHFJPY got stopped out. A big part of trading is being able to understand where we have gone wrong, and adapt to the market. I have re-worked my analysis of CHFJPY. Zooming out to the weekly time-frame, the wave analysis actually becomes very simple. We are currently in the final (bullish) wave of this ascending channel movement. Is is never a good idea to jump in to trades in the middle of moves, and so I will be waiting for price to reach the higher time-frame target marked here, before looking for long term sells. What are the key lessons? 1.) It is OK to be wrong - but we must discard our ego, take a fresh look, and see where we went wrong. 2.) A SL is important - better a small loss now for bigger profits later, than to sit in drawdown and hope before an inevitable huge loss. 3.) To make money, we must be patient. Discard the gambling mindset for what it is, and focus on the highest possible probability entries. i may post some short term scalps on this pair on the way up - but for now I am sitting on my hands! Good luck, Trade safe - and remember that it isn't about winning everything - it is about winning more than you lose, and maximising profit when the sun shines. Thanks guys! DrBear
by DrBear
1
USDT.D 3DCHART WILL BULL MARKET STARTS?Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. As we can see in the chart USDT DOMINANCE facing the most important resistance level and I am predicting that USDT.D will reject from the resistance level same as the previous 2 time What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
Bitcoin Long - The "Best Case" ScenarioDisclaimer; this is a long read Another Disclaimer; this is not one for the traders on a micro-level Last Disclaimer; the chart here is for proof of concept and data, I don’t expect many will “get” the chart outright Thought I would take a different view on BTC since we are in a slow period, by looking more closely at not what the price is, but where in time we are. The price is for reference hence the averages and MA’s discussed in broad terms. Despite that I will give an indication on my personal bull case price targets at the end of this spiel. Price is in no mans land right now, and I think I have a few culprits why that is… Opinions on stock to flow models aside they do allow for one feature I like – we can see the “closeness” to the halving in a colourful way – with light orange furthest from halving, purple / red for closest. Green we can see sits about half way through and typically is when prices are highest. This all correlates up until this halving…. Currently then bulls find themselves in a bit of a situation. On the one hand the market went “as planned” for the cycle, taking off soon after halving and reaching the 2-year moving average. However rather than chase the moving average further up, we saw what I am now describing as the Wyckoff period. Rather than continue to rally upwards we saw market players sell out, happy to cash in on gains. While that’s normal, the heavy selling and structure of the price action looks to be a considered move by certain actors (or market manipulators if you prefer). This leads us to now. We are in the “green zone”; we should be euphoric price discovery. Instead, we are in a holding position with either a move up or a move down equally likely in my opinion, ignoring external market noise. So what happens here and what will the price do now? *I might think I know what the price will be, but I’m not a financial advisor, and I'm just some guy on the internet. So read knowing that. So the price “prediction” We should hold a price of $23k to $120k as of today (late September 2021), and this “band” will trend upwards until the next halving. Two things here you might immediately ask (1) That’s such a massive price band that you almost can’t be wrong with guesses like that, and (2) Were in the green zone now, surely if we arent rallying that means price has failed. In answer to (1) Yes $23k – $120k is massive gap, but I hear a lot of price calls for sub $20k or even sub $10k. Its not going to happen on my trading plan. And if we trend these long-term MA’s upwards, I can project a current price of between $300k and $550k by next halving. Thats a far more interesting price target than the current one, as it allows for more comfortable purchasing decisions. In answer to (2) Yes price failed to live up to the PA of previous years. It would be easy to dismiss that as BTC completing its cycle. But keep in mind how fast we rallied (for reference, we were only 21% into the cycle when we peaked. The previous cycle peaked when we were 38% in), and the types of players involved in stopping that rally early - hence Wyckoff distribution - rather than the ‘fomo’ or parabolic structures we saw previously. With this much price potential in the cycle and the types of institution and size of whale involved, its not hard to imagine a long play scenario of sell offs and accumulation up to the above $300k - $500k target. The bearish outlook is easy to see – price peaked, and the cycle is done. The bull case might be much harder to see. But I ask myself this question - if it was easy to see everyone would be wealthy in the end, and in our world that just cant happen. What do you think? Is the cycle cooked or are we in for some seriously extended bull market cycle?
BNC:BLXLong
by Wynnsa
9