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Longbitcoin

why i am confident we will hit $124kas long as we stay above mPOC and VAL weekly i expect the trend to simply continue from where it was during the last breakout. during other bull markets the break to new all time highs led to doubling in price. this is a market that will continue to chop around, but remain bullish as long as there isnt a major crash. the last all time high was in the mid to high LSE:60KS region, so i expect the next top to be in the low to mid $120ks. there is a lot of room to work with to keep this momentum alive for bulls.
BITSTAMP:BTCUSDLong
by cerealindicator
ALL ABOUT FIBONACCIFibonacci retracement levels serve as indispensable tools for evaluating retracement potential and identifying targets This analytical scheme is most effective in market trends. In a market with an upward trend, the traders' goal is to determine the correction potential and strategically identify entry points for long positions. Conversely, in a downtrend, the focus shifts to evaluating correction potentials and tactically identifying entry points for short positions. By utilizing Fibonacci levels with precision and insight, traders can navigate market dynamics with greater clarity and strategic foresight. Operating rules: ●Identify the trend and work according to it ●To determine the correction potential for uptrend use the grid below up. ●To determine the correction potential for downtrend use a top-down grid. ●Find Swing High and Swing Low for correct using the tool. 1. For an uptrend, the Fibonacci grid extends from HL to HH. After breaking the downtrend from LL to HH. 2. For a downtrend, the Fibonacci grid extends from LH to LL. After breaking the uptrend from HH to LL. Settings for corrective movements: 0.5 - fair price (equilibrium). 0.62; 0.705; 0.79 - OTE zone (optimal entry into a deal). Unlike the standard values, this is a modified version with the highest mathematical expectation of price reversal. To open a position, we are always interested in the price behavior above or below the 0.5 value. The smart money will always look to buy at a discount and sell at a premium. Therefore, to open a short position we always look at the price above 0.5, which is considered a premium. And to open long positions, we look at the behavior of prices below 0.5, which is considered discount prices. The OTE zone is an extended grid that is always in the premium market when you are looking for a short position, or in the discount market when you are looking for a long position. These levels act as an area for the optimal entry point. Correction of the upward impulse. Fibonacci lines themselves do not act as support or resistance levels. It is not relevant to trade only on the basis of them. The price turns from specific areas that are displayed on the chart. Correction of the upward impulse. The price may go beyond OTE, this does not negate the relevance of the setup, HL is still being formed in the discount market. Correction of the upward impulse. Not in all cases, the price corrects to the OTE zone: when it reaches the support zone at the 50% level (equilibrium) or slightly below it, a reversal may already begin, because this moment already implies the start of buying or selling with smart money. Downward impulse correction. Make it a rule to open positions only after a correction in the premium or discount market, and skip other opportunities. Take profit according to Fibonacci In order to determine where you will take profits, you can use negative values. Settings for setting takes: -0.27 – take 1 -0.62 – take 2 -1 – take 3 or closing the position -1.5 / -2 – take 4 Fibonacci take Negative Fibonacci values can be used effectively on every trade, but try to prioritize the chart to identify more precise zones where price may reverse.
Education
by truepersonal
12
Can Bitcoin break resistance and head to 75K LONGBTCUSD is impending on its third attempt to break through the resistance zone of 69-70K, having hit about 72K on March 13th. Buying volume relative to selling remains high. Both the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD and watching to see if price can break resistance. If it can another leg higher could begin. So, if the break occurs, I will add substantially to the position
BITSTAMP:BTCUSDLong
by AwesomeAvani
8
Developing A Dollar Bearish Strategy Using The Scientific MethodShould I Short USD? Yes or No? If yes, then how? If no, then why? The question is simple, but the answer may be complicated. Therefore, we will dive into the macroeconomics of the American economy, with consideration given the most significant factors influencing the value of USD. > OBSERVATIONS 1) Since March 2020, USD appears to have lost approximately 13% of it's market value. 2) Since March 2020, USD supply increased by $9.1 Trillion (COVID stimulus). datalab.usaspending.gov 3) Congress was recently asked to approve an additional $1.9 Trillion (COVID stimulus). context-cdn.washingtonpost.com > RESEARCH Part A: Three major external factors contribute to the value of USD... www.investopedia.com 1) Supply and demand: Exporting American products and services creates demand for USD, because foreign investors must exchange their currency for USD, in order to complete the transaction. Note: decreased exports = decreased demand = decreased USD value Note: decreased stock/bond issuance = decreased demand = decreased USD value 2) Sentiment and market psychology: Rising unemployment weakens the economy, reduces income, and slows consumption. If the US economy appears weak, foreign investors may sell-off their US securities, in favor of exchanging back to their national currency. Note: decreased employment = decreased consumption = decreased USD value Note: negative sentiment = decreased foreign investment = decreased USD value 3) Technicals: The release of government statistics (payroll data, GDP data, etc.) may help quantify whether the economy is strong or weak. Historical patterns generated by cyclical support/resistance levels and technical indicators also contribute to the movement of USD. Gross domestic product (GDP) is the total value of all the finished goods and services produced (in this case, within American borders) www.investopedia.com Note: decreased employment = decreased GDP = decreased USD value Part B: Four major internal tools (utilized by the Fed) contribute to the value of USD... www.federalreserve.gov 1) Discount rate: The interest rate reserve banks charge commercial banks for short-term loans. 2) Reserve requirements: The portions of deposits that banks must hold in cash in vaults or on deposit. 3) Open market operations: The buying and selling of U.S. government securities (T-bills, bonds, and notes). 4) Interest on Reserves: The interest paid on excess reserves held at reserve banks. > HYPOTHESIS Shorting USD will be profitable because the Fed is increasing money supply. Shorting USD will be profitable because the Fed is maintaining interest rates near zero. Shorting USD will be profitable because the Fed is maintaining reserve requirements at zero. Shorting USD will be profitable because the Fed is repurchasing government bonds on the open market. > EXPERIMENT Part A: Build a diversified dollar bearish portfolio. Include dollar bearish securities and commodities (FXC, FXE, UDN, GLD, IAU, DBC, DBP) Include International stock and emerging markets ETFs (open to all suggestions for this) Include foreign currencies (GBP, CAD, AUD, CNY, CHF, KRW, JPY, EUR) Include crypto currencies (BTC, ETH, LTC, and especially the DeFi sector) > RESULTS Pending... follow me for a monthly update to see if I get rekt, much love!
ICEUS:DX1!Short
by UnknownUnicorn13791118
40
BTC Megaphone Pattern SWING LONGAlthough BTCUSD had some up and down momentum in May to June it has been weak lately as noted by the excursions on the histogram of the MACD indicator. On the daily chart, I see Bitcoin in a slowly ascending megaphone pattern. This means that the higher highs are on an ascending resistance trendline as compared with the lower ascent of the supportive trendline. I see this as a positive for Bitcoin which may continue to slowly trend upwards. As price is presently near the bottom of the megaphone pattern sitting on the support trendline with the MACD lines underneath the histogram of the indicator and about to cross one another, I see an uptrend in the immediate term. Accordingly, I consider this a long setup. of higher lows.
COINBASE:BTCUSDLong
by AwesomeAvani
Bitcoin's Multiple Descending Wedge Setups provoking Rally?Macroeconomic backdrop:: With sentiment in markets rising slightly from peak fear, due to recession fear provoked significant pull backs in commodity prices. Providing a likely reprieve in expected rising inflation concerns. This might in turn, influence central bank interest rate decision makers, too slow the rate in which they hike rates. Although we can only speculate on their desired intensity to crush demand, growth and inflation. We can assume that some decision makers, will look for the right opportunity to ensure slowing growth rates globally do not over extend downwards. Likely pausing or slowing the tightening measure as inflation falls. This could provide the macro set up for a bear market rally to occur. Bitcoin Long Trade:: In the short term we see a relatively small neutral wedge. The upside currently being tested at the time of this published idea. I believe that a breakout will occur to the upside, made viable by neutral to slightly rallying equity prices. The next significant resistance will be the bearish descending turquoise resistance line, that has been created from April and June significant rejections. This resistance line will be bolstered slightly by the falling 50 day moving average, which is lying close to this turquoise trend line. Depending on the macro and equity set up at the time when/if BTC's price enters the orange circle area. Further progression to the upside or a strong rejection will occur. Although bear market sentiment might suggest the case for a rejection is more probable, a short squeeze could allow odd price action to occur. This trade idea is enveloped in the larger descending orange wedge line. That might suggest a controlled further fall in this bear market. I believe that it will remain resistance if the global macro climate continuous to tighten, regardless of worries of over tightening and causing significant recessions. Significant recessions might will naturally correlate with significant job losses. Further degrading global production levels and decreasing supply. It doesn't take a crystal ball or goats entrails, to forecast the enlarged social welfare programs that will arise to support the unfortunate of us that will lose our jobs, due to over vigorous tightening. Best of Luck in your trading!
BITSTAMP:BTCUSDLong
by FortunaAlgoAnalytics
Bear market $110k - mid September 2022Bitcoin isn’t even on the curve yet. This logarithmic chart dates back to August 2011. Look at the trend line which formed on April 2013 to date. It looks steady, does it not? Yes massive volatile 80% swings etc. Never the less, it’s a steady up trend. Now take a look at the first ath of 1.1k in 2013, following that through to the next ath at 19.9k in 2017. We can quickly establish the curve (orange line). If we also take a look at the black horizontal line from the 1.1k ath and line that up with the run to the 19.9k ath we can see it is quite a move to the upside. Let’s do the same from 19.9k to todays price. It is clear that from the black horizontal line we have yet to see a major upside to the curve as well as not jumping to high from the black horizontal line. The black vertical lines are cyclic lines. See from 2013 high to 2017 high. We go through a stage of 1 cyclic stage before running to new ath in the next cyclic. Both the 2013 and 2017 highs touched the top trend line (blue line). You’ve heard of the bitcoin cycle elongating? I believe it is true, not to mention the crpto expert’s who back this up. The likes of Michael Saylor & Raoul Pal. Any way, the second cyclic on 2022 closed way lower than the previous two tops. Which leads me to think there is a much larger price to be achieved for bitcoin before the bear market. You could also say that the current price is to low to enter a bear market. Going off previous highs, btc has never closed lower in a bear market than the previous ath high. For btc to drop 80% from the 69k ath would close btc below the previous 19.9k ath in 2017. Even the 2013 ath of 1.1k did not close lower than the previous high of $254. Again in Jan 2012 at $7, it ran to $16 but never closed lower than $7. Based on this theory I see btc enter a bear market around 110k which could be mid September 2022. What is your opinion here, let me know bellow. This is my own opinion, charting and research, not financial advice.
BITSTAMP:BTCUSDLong
by Vision_Invest
2
Bitcoin 300k by the year of 2021My long term analysis price of Bitcoin, I wonder what other people think? I am a big believer in crypto and one day it will get as high as shown on the graph! I advise everyone to buy in 10%-5% of your income (salary) each month, no matter what the price is today! Don't wait for the pull backs, as you will buy your bitcoin higher and lose out. In just a couple of years, holding you bitcoin could earn you 2000% of income. As they say history repeats and we are at early stages of adopting crypto, don't miss your chance to be rich! My twitter: @CryptoWolfy7 PS This is my own opinion, not financial advice. Good Luck!
BITSTAMP:BTCUSDLong
by ArturMemetov
Bitcoin headed to 48k the top of trading range 2Hello friends of the Shark. The Shark has been enjoying the down time that comes with sideways action. The Original plan is the same that I posted months ago. We broke out of trading range 1 and met resistance at the critical line of 42k. We sold off there some and we are in the process of proving it as support. Bitcoin will blow thru 42k here soon and head to visit 48k the top of trading range 2. Don't you stop swimming.. we will make it... hold and stay still we are headed to the top of trading range 2.
COINBASE:BTCUSDLong
by Bronson-TheShark
4
Is Bitcoin crashing? Not based on our trend analysis indicatorIt is normal to panic when prices drop but it's always a good thing to analyze the entire chart and see if there is indeed a valid reason to be panicking. Our ZTrend indicator is really good for evaluating direction and strength. It is based on moving averages and standard deviations. In the chart above we have it setup from top to bottom with the following periods (20, 50, 100 & 253) This arrangement provides a clear image for short, medium and long term analysis. ZTrend(20) gives you good entry and exit signals for short term. Yes it does look bearish but is it really bearish or more like opportunity to entry Long position for Trend continuation? Well the answer of that question relies on what the other 3 period indicators are showing. ZTrend(50) became bullish on October 15th 2020 and hasn't stopped once since. Price has remained above the 50 period moving average the entire time. What does that tell you? Price is trending upwards. ZTrend(100) became bullish on June 2020. It stopped being bullish but still bull in the beginning of October and has remained bullish ever since with prices breaking out 1-2 deviations several times. ZTrend(253) perhaps the most reliable period for long term analysis. Went bullish in August 2020 and has not looked back. Not even once it has dip below the upper level of the oscillator. Overall we see a bullish trend on #Bitcoin with a very healthy price consolidation towards the end of each month. Keep an eye on the 50 period Moving Average, that middle line you see between the Bollinger bands. Don't panic if price breaks that support. 1-2 deviations below the average is still a healthy consolidation. If it breaks below the lower Bollinger band than thats a different story. If you want to play your entries safe, wait for price to close above the 20 MA with a stop loss at 1 deviation below it. If you like to know more about our ZTrend Indicator there is a related link below.
COINBASE:BTCUSDLong
by FX_Baba
4
Quick TA - $BTC bottoms at $55.9K & expect quick move up to $59KJust a quick post of my 1 hourly $BTC/$USD chart I've been following. It looked like $BTC would bottom out again at ~$55.9K, the bottom of the ascending channel it's in and the bottom of the EMA 'snake' , before the next rally takes it up to $58-$60K -I've just covered my shorts from $57K and now going LONG although Binance never seems to have any margin coins at that exact right moment lol - but I'm set now and profits at $58K with some left on the table in case there's price discovery in the 60,000's. Hopefully the patterns are evident on my chart that I want to get out now - happy to answer any questions below - good luck trading!
COINBASE:BTCUSDLong
by drjames005