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LOOOOOOOOOOOOOOOOOOOOOONG AND STEADYThe war that is often referred to in the context of Bitcoin's trend analysis is the ongoing battle between Bitcoin bulls and bears. Bulls are investors who believe that the price of Bitcoin will continue to rise, while bears are investors who believe that the price will fall. This battle between bulls and bears can have a significant impact on the price of Bitcoin. If bulls are in control, they will buy more Bitcoin, driving up demand and therefore the price. On the other hand, if bears are in control, they will sell more Bitcoin, driving down demand and therefore the price. There have been several instances in the history of Bitcoin where this battle between bulls and bears has been particularly intense. One such instance was in late 2017 when Bitcoin reached an all-time high of almost $20,000. At that time, the market was dominated by bulls who were buying up Bitcoin in anticipation of further price increases. However, once the price reached its peak, bears started to take control, and the price eventually fell by more than 80%. Another instance was in early 2021 when the price of Bitcoin reached a new all-time high of over $60,000. Again, bulls were in control of the market, buying up Bitcoin and driving up demand. However, as the price approached $60,000, bears started to take control, and the price eventually fell by more than 50%. In both instances, the battle between bulls and bears had a significant impact on the price of Bitcoin. As Bitcoin continues to mature and gain wider acceptance, it is likely that this battle will continue, and investors will need to be aware of both the bullish and bearish trends in order to make informed investment decisions.
BITFINEX:BTCUSDLong
by jonhenry1996
Guess I was rightHi everyone, I hope you are doing well. Yesterday I said that Bitcoin will have a small dump to the 21700 level since we observed a head and shoulders on the lower time frame (H4). However, the price did what I had least expected it to do. If you have been following me, I mentioned 3 days ago that a possible scenario might be less likely to happen, in which the price might go to take out liquidity below the mentioned support. (the image 3 days ago) Also, I mentioned in a notice that the price might reach the liquidity below the relatively equal lows that we created 2 days ago, and it really did. Looking at the H4 time frame, we are in a narrow range between a support and a resistance. Right now, we just hit the last resistance and rejected it with a big red candle. So, where are we going? I am still on yesterday's plan where the price is going to meet the 21700 level support. However, if it breaks from the upside, we will surely meet the last major resistance around 24k, since we are still in an uptrend channel/ wedge. In conclusion, we have 2 possible scenarios, one to the upside and one to the downside, but both of them have a small range to move to, as I mentioned before, we will most probably have a slow month. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Step by StepHi everyone, Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities). At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it. Another move that might less likely to happen but happen too, is that there might be some liquidity that resides below the support that we are talking about, so the price might try to take that liquidity, but it usually does not happen in these scenarios. In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
8
analysis EUhello traders, there was hardly any set up lately in the EU however, there was a big buy, but some of us missed the opportunity. So therefore, I have multiple bias of ideas for you guys to see and look at. Highly recommended for you guys to wait at least 2 hours for the candle to close to make your decision. You can see it was making HH and HL. During this time I do not see any of the candle making LH yet. waiting time. Once it broke structure then you would look for sell opportunities , if not look for buys opportunities. thank you for reading!
by MonaySess
August worst month for Trading? And why? *We just used DXY as the example. This is true across the board! The Big Drought A 10-year analysis on the S&P shows that the markets remain the poorest in the three summer months – June, July and August. Most traders tend to sell their positions in May, and try to reinvest in a fresh positions once the summer is over. August Is the Worst Summer Month Most investors and Forex traders in Europe and the North America go on holidays during the month of August. This leads to lower trading volume and significant price actions. Just for example: August 2008 was misleadingly good for the S&P, advancing 1%. However, August 2010 was completely miserable for the S&P, dipping 4.5%, and August 2011 was also miserable for the S&P 500, plunging almost 10%. The month is characterized by sideways trends and momentum swings. However, the trend typically breaks right after the Labor Day holiday in the U.S., and most traders returns to active trading once again. Post-Summer Months (September-December) A surge in trading activity usually occurs just after the end of summer, and traders invest in fresh portfolios and positions. These three months therefore represent the best three months to trade in the year. Another Vacation Spot during the Second Half of December Forex traders once again stay away from the market in the second half of the December, and celebrate the Christmas Day and the New Year’s Day. Winter-Spring Action Still Better The January-May period returned a mediocre 3% on average for the last 10 years, and therefore still does better than the summer months, providing excellent opportunities for traders, continuously for the first four months of the year. Thee THREE worst months (Summer): June, July, and particularly, August. The FOUR best months (Autumn): September, October, November, and December. The FIVE good Months (Winter-Spring): January, February, March, April, and May What Is The Reason For This Divide? Any vacation period represents drying up trading volume, and the months following these vacations represent a refreshing return to trading, like rain after a drought.
TVC:DXYEducation
by PipPhenes
#EOS - Accumulate small chunkDon't put in BIG capital hoping for quick returns, it is one of High market cap coin so will take that long to move! i don't see it moving anytime sooner, possible accumulation going on, might happen till 2021, as long as weekly doesn't close below 2428 this chart is valid. Immediate résistance - 3345 The support that was there for 1.5years has now turned in to a HUGE RESISTANCE! S/R Flip - Possible triangle forming on weekly possible IH&S - Weekly RSI Divergence - Advice will be to accumulate small chunk till 2021, but don't allocate BIG capital as your capital will be locked, rather than go with small-cap coins they have a better chance of giving you good returns in smaller times! #notfinancialadvisor #DoYourOwnResearch
ELong
by Bromadic
Everything should be made as simple as possible, but not simplerHello, Would like to first say that there is so much noice atm in this spiral of emotions. 5% of it is market makers, rest is alot of wishing and thinking TA (emotions). Market makers: Have made bitcoin to their little puppet. They fool everyone in and short it , a synced bitcoin bulltrap for the final capitulation that we will have coming 2 years. And so the matrix shall begin again in the future hopefully. This goes the same for all the finance atm. Youtubers: Feeding on the sheep for the perfect moments to short, and long/close shorts at the supports ( to bring in all the fish for another short) Price: Price moving up is 80% due to the big shorts closing , They created TA and fooled every1 to believe in them while they trade on smart algos and AI bots. Accumulation: Btc is not the main accumulation in this market far from it!. There are crypto projects with way more tech and fundamentals then btc that will be bought up in big scales when the market start to bottom. They will again own majority of the future . This was done 1988-1994 . Proffitable trading: There is leveraged trading , where most are. Atm the perfect conditions for trades with big leverage is to short all the failed rally atempts and possibly long the supports. Booth of them upon confirmations and not trying to hit the perfects price. 2x is enough to begin with and slowly move up upon results My chart: I am very confident in my chart and it actually applies to the major stocks too. Capitulation: This will be very technical and very slow. ( Good time for the making in the future crypto projects) I would love for btc to show different and turn me to a bull, but chances for that are very slim. We might actually get the classic bulltrap predicted, could go as high as 5k+. Can bitcoin fall to Zero? : This would then be a part of a much bigger attempt for a publicly known begining of WW3 . So yes it can go to Zero actually Note: I am not by any means a financial adviser nor a pro trader. I have made good calls and been here long time enough to share something, And come back in the future to see how it actually moved . " Earth is about to make some changes too"
COINBASE:BTCUSDShort
by SQ88
Buying The EUR/USD Daily Double BottomIt appears that the vacant economic calendar and slow trading conditions are promoting a rotational EUR/USD. Until Friday’s U.S. CPI release, I expect this market to trade between the 38% Current Wave retracement (1.1612) and the June/July Double Bottom (1.1510). In the event the EUR/USD fails to sustain trade above the 1.1612 area, then we are in a position to test the Double Bottom just above the 1.1510 handle. For the remainder of the week, here is the trade: Entry: Buy 1.1512 Stop: 1.1474 Profit Target: 1.1549 Risk vs Reward Ratio: Very near 1/1
Long
by FXLeaders
Rotational Trading Plan For The EUR/USDThe Euro has gained ground against the USD for the last two sessions. Of course, the downtrend of 2018 is still massive, with the EUR/USD struggling to gain any bullish momentum. In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio. This trade idea will remain valid for the next 48 hours.
Long
by FXLeaders
2
More reasons to fall than rise(Note turquoise indicators this time) Resistance levels 1. from 124.76 to 125.08 indicates a potential slowdown upon hitting that level. 2. Another more recent gap at 125.48 3. and the Fibb level at 125.77 indicates multiple slowdown regions 4. not to mention top boundary of the declining channel What are the signs of continued upward movement? 1. The strong momentum up, just look at the indicators The doji after the gap does indicate an uncertainty. Almost an apprehension, second guessing - "should I have jumped up too far up in the last move? hrmm... Timing: Wait for a 20 bar upmove, currently, we are at bar 13. Why 20? the upmoves have averaged about 20 - 24 bars, so i'm hoping the pattern remains. there's no other basis apart from this and yes, it does seem very arbitrary but frankly im trying this out. So what are the possible moves we can make here? The main question is whether this upmove will continue or will it fall. Well we are currently in a larger consolidation pattern from a downtrend (see monthly chart). The would be more inclination to keep on the trend that this consolidation still has a bearish slant. THe uncertainty form the doji and the resistance levels also compels me to say that the upmove will slow down. What trades can we make? This movement could go either ways, but I think I will buy a puts at around 124.50, the little space beyond the channel and the supply zone, at the market (if it happens to reach the level) but will only do so after bar 16. Currently we are at 13. So I will await to initiate short! Short price: 124.50 Stoploss level: 126.50 TP: 120.1 (potential support + pitchfork channel) Lets see. I am concerned that for fundamental reasons, most expect gold to rise, but hey, we are looking at the short term, at most, the next 25 bars. In the long-long run, i do agree to long gold.
AMEX:GLDShort
by clingwrappingsheets
ETHUSD Perspective And Levels: Strong But For How Long?ETHUSD Update: Price is holding, but the failed breakout and lack of progress above 349 is concerning and highlights the risk at these levels. When strong markets break out, this usually attracts more order flow. ETH is a market that is closely watched, and the failed breakout above 349 is concerning because where are all the buyers? I realize these markets may be slow and do not behave exactly like the other financial markets, but to me, this price action is a red flag. On the bullish side, there is a new higher low in place at the 334 level and the market looks like it should test the highs again. Upon a subsequent break out along with follow through this market should make an attempt to test the 380 resistance. If it fails again, then I would steer clear of any new longs until a retest of a significant support level like 309 or below which is now the .618 of this bullish swing. The reason for my growing concern about this price action is this: price has been sluggish within the 324 to 349 resistance zone which is related to the .618 of the broader bear swing. The fact that it is having trouble breaking out of this zone makes me more cautious because this area is a very convenient place to form a big picture failed high. If this scenario unfolds, we are more likely to test supports that we have not seen in a while like 270. This is not a prediction, just a concern because of the way price is behaving at these highs. This market is not bearish because it has not taken out any support levels that would signal that type of environment. The problem is if it's not pushing highs soon, it will become vulnerable to any piece of negative news and the selling momentum will be high. And for that reason, the risk of buying at these levels is just too high for me. In summary, this market is slowly inching higher and still has supportive structure in place, but the lack of follow through is concerning because from my experience it implies an increased potential for weakness. Keep in mind, I am sharing my perspective and how I make decisions based on price action. I am not telling you what to do. I don't control your account, you do. And if you are comfortable taking the associated risks, then you don't have to wait it out like me. I would rather be wrong about being out, than wrong about being in. Questions and comments welcome.
BITFINEX:ETHUSD
by MarcPMarkets
33