LIVEAlejaaa
@Aleja
Everything I share here is not financial advice. My insights are based on personal experience and supported by historical data.
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Capital Flows and Crypto Narratives: A Deep Dive
Bitcoin has just reached a new all-time high! We've observed a fascinating dynamic: the US Dollar surged, then retreated, while Bitcoin rallied. As capital flows from the USD to Bitcoin and then into large-cap cryptocurrencies, the question arises: What's the next big narrative? Will it continue to be AI, Real-World Assets (RWAs), GameFi, or Meme tokens?
Regardless of the prevailing narrative, liquidity is key. Identifying and following the flow of capital can provide a significant advantage over chasing pumps. Instead, let the pump come to you.
Here's my current watchlist:
AI: NEAR, ICP, RENDER
RWA: ONDO
GameFi: GALA, APE (APECHAIN), RON
Meme: PEPE, WIF, POPCAT (I'm aiming for PEPE to break into the top 20, ideally the top 15)
$BTC
#ETHBTCNewLow #BTCBreakATH #ElectionNightBTCGuess
Bitcoin has just reached a new all-time high! We've observed a fascinating dynamic: the US Dollar surged, then retreated, while Bitcoin rallied. As capital flows from the USD to Bitcoin and then into large-cap cryptocurrencies, the question arises: What's the next big narrative? Will it continue to be AI, Real-World Assets (RWAs), GameFi, or Meme tokens?
Regardless of the prevailing narrative, liquidity is key. Identifying and following the flow of capital can provide a significant advantage over chasing pumps. Instead, let the pump come to you.
Here's my current watchlist:
AI: NEAR, ICP, RENDER
RWA: ONDO
GameFi: GALA, APE (APECHAIN), RON
Meme: PEPE, WIF, POPCAT (I'm aiming for PEPE to break into the top 20, ideally the top 15)
$BTC
#ETHBTCNewLow #BTCBreakATH #ElectionNightBTCGuess
BTC Reached Target: What's Next?
BTC finally reached our targets! What's next? I'll wait for BTC to show signs before taking any new positions, but my long positions are still open. We might see news that could dictate the direction of BTC. Be careful about upcoming news and use tight stop-loss orders, as the market might be volatile due to news that can affect BTC.
I'm looking for some altcoins to buy during this correction. Right now, we're feeling the dominance of BTC. Even when BTC goes up, some alts have only a slight increase or even bleed. And when BTC has a red candle, alts tend to bleed more, so be careful trading out there.
#BinanceBlockchainWeek #USADPSurges #BTCBreak71K #USJobOpeningsDip #TIATokenUnlock $BTC $ETH $BNB
BTC finally reached our targets! What's next? I'll wait for BTC to show signs before taking any new positions, but my long positions are still open. We might see news that could dictate the direction of BTC. Be careful about upcoming news and use tight stop-loss orders, as the market might be volatile due to news that can affect BTC.
I'm looking for some altcoins to buy during this correction. Right now, we're feeling the dominance of BTC. Even when BTC goes up, some alts have only a slight increase or even bleed. And when BTC has a red candle, alts tend to bleed more, so be careful trading out there.
#BinanceBlockchainWeek #USADPSurges #BTCBreak71K #USJobOpeningsDip #TIATokenUnlock $BTC $ETH $BNB
BTC Pauses, Altcoins Present Opportunities
If BTC's price remains around this level throughout October, we can confirm that October is following our historical data analysis. According to our analysis, if September ends with a positive return in a bull market, October usually also has a positive return. Similarly, if September has a positive return consistently, October and November often follow suit with positive returns.
In this case, if we follow this data, October's price could reach 67.8K with a 7% return. This positive return in October increases the likelihood of a significant November close, potentially well above 71K.
BTC is about to undergo a sideways movement. The top of the range is 65.5K, and the bottom is 65.2K. It's too early to determine if this is the current range, as our target of 70K for the pattern we previously plotted is still open. So, what's the next step? I'll keep my BTC positions open and monitor some lagging altcoins for potential long positions, as they could offer better returns. I'm avoiding trading coins that aren't following BTC's movement, as their prices can diverge at any time.
Here's my watchlist: AVAX, PEPE, TON, AAVE, and TAO
$BTC
$TON
$SUI
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow
If BTC's price remains around this level throughout October, we can confirm that October is following our historical data analysis. According to our analysis, if September ends with a positive return in a bull market, October usually also has a positive return. Similarly, if September has a positive return consistently, October and November often follow suit with positive returns.
In this case, if we follow this data, October's price could reach 67.8K with a 7% return. This positive return in October increases the likelihood of a significant November close, potentially well above 71K.
BTC is about to undergo a sideways movement. The top of the range is 65.5K, and the bottom is 65.2K. It's too early to determine if this is the current range, as our target of 70K for the pattern we previously plotted is still open. So, what's the next step? I'll keep my BTC positions open and monitor some lagging altcoins for potential long positions, as they could offer better returns. I'm avoiding trading coins that aren't following BTC's movement, as their prices can diverge at any time.
Here's my watchlist: AVAX, PEPE, TON, AAVE, and TAO
$BTC
$TON
$SUI
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow
BTC on Track for 70k: Trading Strategy and Altcoin Picks
Last time, BTC was inside our large descending channel and forming two patterns. The next day, BTC pumped, following our trading plan and hitting our target (Link to the last post). So, what’s next after BTC reaches our target? I partially closed some positions at 68k, but our major target of 70k is still open. I’m letting my position run for now since I’ve secure
Bitcoin Near Resistance: Pattern Formations and Trade Setups
Last time, BTC bounced off our 200 MA and retested our diagonal resistance but was still rejected (last post). Three days later, it returned to the 200 MA. In this move, we noticed another pattern forming within the larger pattern, which is common. I’ll be watching for a potential breakout here. As I mentioned before, I plan to trade this breakout the same way: waiting for volume confirmation and market entry. If the price becomes choppy,
Bitcoin's Bullish October: A Historical Analysis
TL;DR: Based on historical data, two consecutive positive September and October could indicate a bullish trend. We're currently hoping for Bitcoin to confirm this analysis. Technically, we're eyeing a retest of the upper resistance, and if the market turns bearish, we'll look for Bitcoin to reach the 200MA (59.9k) again and the median (57.5k) of our range. Breaking below these levels could lead to a decline towards the bottom channel (51.7k).
Crypto First Week of the Month Update
There's a lot
Crypto First Week of the Month Update
There's a lot
BTC September Summary: Bullish Breakout
Looking back at our TA on Sept 4th, the market was bearish, and we identified the descending bottom channel and our 50MA as potential support levels within a 1W TF. Our predicted price target for BTC was reached within 3 days, followed by a strong bounce off the median + 2 MA. After a brief struggle, BTC successfully broke through this resistance backed by volume.
Bitcoin’s Battle with Resistance: Trading Insights and Key Levels to Watch
Last time we talked about BTC finding support and bouncing off the diagonal support, forming a descending channel. The 50 MA on the weekly timeframe was also there, making it a strong support level. We also mentioned that we would need strong volume to break the $59-60k area, where the 50 MA and 200 MA converge. After that, the market turned choppy and got rejected, but the support at $57k, or the median of our descending channel, was strong enough to trap those who sold at that level. BTC managed to break through the $59-60k area and is currently trading at $63.2k.
So, you probably know where it's headed next—the top diagonal resistance, which could be around $64.7k, though it depends on how long BTC consolidates before making its next move.
Here are the possible scenarios:
BTC approaches the diagonal resistance with massive volume: In this case, it’s okay to enter the market because there's a low chance of a retest. However, we can't completely rule out a retest if there’s a breakout. The best strategy is to open a small position during the breakout to get early exposure, and then add more margin or place a limit order during the retest. Our stop loss for this strategy will be triggered by a clear rejection and a close below, indicating that BTC will trade back inside the channel. The targets here are $70k and the top of the channel at $73.8k. We should also keep in mind the old resistance or psychological levels at $65k, $67k, and $69k.
If the volume is weak and BTC gets easily rejected: In this case, we should wait for a clear rejection before acting. A small short position is an option, with targets at the MAs and the median of the channel. However, the main target for the short is the bottom of the channel.
$BTC $TON $DOGS
#DODOEmpowersMemeIssuance
#BTCReboundsAfterFOMC
#fomc
#DOGSONBINANCE
#moonbix
Last time we talked about BTC finding support and bouncing off the diagonal support, forming a descending channel. The 50 MA on the weekly timeframe was also there, making it a strong support level. We also mentioned that we would need strong volume to break the $59-60k area, where the 50 MA and 200 MA converge. After that, the market turned choppy and got rejected, but the support at $57k, or the median of our descending channel, was strong enough to trap those who sold at that level. BTC managed to break through the $59-60k area and is currently trading at $63.2k.
So, you probably know where it's headed next—the top diagonal resistance, which could be around $64.7k, though it depends on how long BTC consolidates before making its next move.
Here are the possible scenarios:
BTC approaches the diagonal resistance with massive volume: In this case, it’s okay to enter the market because there's a low chance of a retest. However, we can't completely rule out a retest if there’s a breakout. The best strategy is to open a small position during the breakout to get early exposure, and then add more margin or place a limit order during the retest. Our stop loss for this strategy will be triggered by a clear rejection and a close below, indicating that BTC will trade back inside the channel. The targets here are $70k and the top of the channel at $73.8k. We should also keep in mind the old resistance or psychological levels at $65k, $67k, and $69k.
If the volume is weak and BTC gets easily rejected: In this case, we should wait for a clear rejection before acting. A small short position is an option, with targets at the MAs and the median of the channel. However, the main target for the short is the bottom of the channel.
$BTC $TON $DOGS
#DODOEmpowersMemeIssuance
#BTCReboundsAfterFOMC
#fomc
#DOGSONBINANCE
#moonbix
BTC Outlook: Short-Term Bullish, Monthly Bearish
Before we anticipated support at the 1 week 50 day MA and our diagonal support, BTC bounced in that area with strong buying pressure, pushing momentum to 58,600. I remain short-term bullish on BTC until it reaches the 200-day MA. The volume will determine if there's sufficient buying pressure to break above this MA, especially as the 200-day and 50-day MAs are converging, creating a strong resistance level.
The price is near 59,000, a psychological resistance. Breaking through this would require significant volume and weakening selling pressure. Positive news could trigger a rally, while negative news might lead to another sell-off. Given our current position and profit, I'll raise my stop loss above my entry point and take partial profits along the way.
Regarding monthly returns (Monthly Returns Analysis), I'm bearish on BTC for this month based on historical data. There's a palpable fear in the market right now, aligning with the adage 'to be fearful when others are greedy and to be greedy only when others are fearful.
#BinanceLaunchpoolHMSTR
#FTXSolanaRedemption
#GrayscaleXRPTrust
#CPI_BTC_Watch
#DOGSONBINANCE
$BTC
$POL
$TON
Before we anticipated support at the 1 week 50 day MA and our diagonal support, BTC bounced in that area with strong buying pressure, pushing momentum to 58,600. I remain short-term bullish on BTC until it reaches the 200-day MA. The volume will determine if there's sufficient buying pressure to break above this MA, especially as the 200-day and 50-day MAs are converging, creating a strong resistance level.
The price is near 59,000, a psychological resistance. Breaking through this would require significant volume and weakening selling pressure. Positive news could trigger a rally, while negative news might lead to another sell-off. Given our current position and profit, I'll raise my stop loss above my entry point and take partial profits along the way.
Regarding monthly returns (Monthly Returns Analysis), I'm bearish on BTC for this month based on historical data. There's a palpable fear in the market right now, aligning with the adage 'to be fearful when others are greedy and to be greedy only when others are fearful.
#BinanceLaunchpoolHMSTR
#FTXSolanaRedemption
#GrayscaleXRPTrust
#CPI_BTC_Watch
#DOGSONBINANCE
$BTC
$POL
$TON
Bitcoin's Next Move: Bullish or Bearish?
I've remained flat, avoiding market trading and investing more of my stables in spot. Futures are challenging right now, as the market tends to trigger our SL in both directions. So, where are we in the market, and what is the current situation?
In the 1D timeframe, we can observe that $BTC has formed a descending channel. While this is typically a bullish pattern, it needs to be supported by other indicators showing bullish signs as well. Last month, we noted that BTC was indicating a choppy movement and started to fall below the 50D MA, although it occasionally broke above it. Currently, we are still below the 200D MA and are struggling to break above it. The 50D MA is gradually closing in on the 200D MA, and a crossover could indicate a death cross. What levels should we watch for? I'm focusing on the support of the descending channel and the 50Dy MA in the 1W timeframe, as both are showing strong support at that level.
In lower timeframes, BTC rejection at 64.2k or our golden zone was evident. It struggled to break above this level, and volume dried up, leading us to fall back below 60k. Currently, we're trading within the 61k to 57k range. Key levels in this area include 55.9k and 54.7. We can't rule out the possibility of a further decline below 54.7k, which could potentially lead to a test of the 48.8k level.
Using historical data as a strategy helped us protect our capital. As previously posted, August and September tended to have the lowest Bitcoin returns, and this year, the ongoing war and the upcoming U.S. elections on Nov 5 added further uncertainty to the market.
Historically, the market tends to strengthen from October to November. So, consider carefully buying dips during this period, holding your bags, and selling at the peak.
$DOGS $TON
#DOGSONBINANCE
#BNBChainMemecoins
#TelegramCEO
#PowellAtJacksonHole
#CryptoMarketMoves
I've remained flat, avoiding market trading and investing more of my stables in spot. Futures are challenging right now, as the market tends to trigger our SL in both directions. So, where are we in the market, and what is the current situation?
In the 1D timeframe, we can observe that $BTC has formed a descending channel. While this is typically a bullish pattern, it needs to be supported by other indicators showing bullish signs as well. Last month, we noted that BTC was indicating a choppy movement and started to fall below the 50D MA, although it occasionally broke above it. Currently, we are still below the 200D MA and are struggling to break above it. The 50D MA is gradually closing in on the 200D MA, and a crossover could indicate a death cross. What levels should we watch for? I'm focusing on the support of the descending channel and the 50Dy MA in the 1W timeframe, as both are showing strong support at that level.
In lower timeframes, BTC rejection at 64.2k or our golden zone was evident. It struggled to break above this level, and volume dried up, leading us to fall back below 60k. Currently, we're trading within the 61k to 57k range. Key levels in this area include 55.9k and 54.7. We can't rule out the possibility of a further decline below 54.7k, which could potentially lead to a test of the 48.8k level.
Using historical data as a strategy helped us protect our capital. As previously posted, August and September tended to have the lowest Bitcoin returns, and this year, the ongoing war and the upcoming U.S. elections on Nov 5 added further uncertainty to the market.
Historically, the market tends to strengthen from October to November. So, consider carefully buying dips during this period, holding your bags, and selling at the peak.
$DOGS $TON
#DOGSONBINANCE
#BNBChainMemecoins
#TelegramCEO
#PowellAtJacksonHole
#CryptoMarketMoves
BTC Breakout: What's Next?
Going back to our last post, $BTC crushed all our targets. Right now, it broke the range in the 1-hour timeframe, so we're going to move to a higher timeframe and look for another opportunity.
Last Post
In the 4-hour timeframe, it was still within our inside Fibonacci range and respecting our levels. Where is $BTC ? It's inside our golden zone, 64.2k - 61.3k. What should we look for in this case? Most of the time, there are many rejections both ways, but if we manage to break the above, we can see a possible continuation, the same if it breaks to the downside.
4H Time Frame Chart: https://www.tradingview.com/x/QSJfTSvi/
In the 1-day timeframe, we are seeing a possible diagonal resistance starting from 71.7k - 68.3k - 65.5k. We see BTC becoming weaker and weaker as it approaches that area, showing the strength of sellers. If we're looking for a possible reversal area or for BTC to reach the 61.3k level before a continuation, it's the same for the 50-MA. In the 1-day timeframe, if it's confirmed that BTC is going to get back in range, it's the same level as the bottom range, which is 59.1k.
$BTC
#BinanceBlockchainWeek
#LowestCPI2021
#SahmRule
#BlackRockETHOptions
#BinanceTurns7
Going back to our last post, $BTC crushed all our targets. Right now, it broke the range in the 1-hour timeframe, so we're going to move to a higher timeframe and look for another opportunity.
Last Post
In the 4-hour timeframe, it was still within our inside Fibonacci range and respecting our levels. Where is $BTC ? It's inside our golden zone, 64.2k - 61.3k. What should we look for in this case? Most of the time, there are many rejections both ways, but if we manage to break the above, we can see a possible continuation, the same if it breaks to the downside.
4H Time Frame Chart: https://www.tradingview.com/x/QSJfTSvi/
In the 1-day timeframe, we are seeing a possible diagonal resistance starting from 71.7k - 68.3k - 65.5k. We see BTC becoming weaker and weaker as it approaches that area, showing the strength of sellers. If we're looking for a possible reversal area or for BTC to reach the 61.3k level before a continuation, it's the same for the 50-MA. In the 1-day timeframe, if it's confirmed that BTC is going to get back in range, it's the same level as the bottom range, which is 59.1k.
$BTC
#BinanceBlockchainWeek
#LowestCPI2021
#SahmRule
#BlackRockETHOptions
#BinanceTurns7
No Short, No FOMO: Sticking to the BTC Plan
Did I manage to short the market? No. As I mentioned previously, the top range is 61.5k, and BTC just reached 61.4k before declining. I avoided a FOMO short because it wasn't part of my plan. I'm committed to trading based on my strategy, not emotions. Here's my current $BTC plan: open a long position at the bottom range and partially set the take-profit at the median and top range.
One thing we've been correct about is that the market will go up and then down in that area. I hope you can capitalize on my TA!
$BTC
#BinanceBlockchainWeek
#BinanceLaunchpoolDOGS
#MarketSentimentToday
#BinanceSquareCreatorAward
#BecomeCreator
Did I manage to short the market? No. As I mentioned previously, the top range is 61.5k, and BTC just reached 61.4k before declining. I avoided a FOMO short because it wasn't part of my plan. I'm committed to trading based on my strategy, not emotions. Here's my current $BTC plan: open a long position at the bottom range and partially set the take-profit at the median and top range.
One thing we've been correct about is that the market will go up and then down in that area. I hope you can capitalize on my TA!
$BTC
#BinanceBlockchainWeek
#BinanceLaunchpoolDOGS
#MarketSentimentToday
#BinanceSquareCreatorAward
#BecomeCreator
Profit from the Crypto Market: A Step-by-Step Guide
Last time, we discussed the possibility of a death cross. However, the price has been struggling to break below 58k, with some buying volume around that level. It's also facing resistance at the 200-day moving average, resulting in current sideways movement around the 200-day MA. There's a lack of momentum in the larger time frames.
(Chart: https://www.tradingview.com/x/hLqshEgJ/)
On the 1-hour time frame, I see a range forming. We can potentially trade this range until a breakout occurs. We would enter a long position at the bottom of the range, take profit on 50% of the position at the middle of the range, and move the stop loss to breakeven. We would set a take profit for the remaining position at the top of the range. Conversely, if the price is near the top of the range, we would enter a short position, take a profit of 50% in the middle, and move the stop loss to BE. Finally, set a take profit for the remaining position at the bottom of the range. It's crucial to avoid tight stop losses as the market can easily trigger them. Additionally, look for signs of momentum to avoid "catching falling knives" (entering a trade against a strong downtrend).
Range details:
Top Range: 61.5k
Median: 59.8k
Bottom Range: 58.1k
(Chart: https://www.tradingview.com/x/h1Wom5vd/)
$BTC
#LowestCPI2021
#PowellAtJacksonHole
#MarketDownturn
#CryptoMarketMoves
#MarketSentimentToday
Last time, we discussed the possibility of a death cross. However, the price has been struggling to break below 58k, with some buying volume around that level. It's also facing resistance at the 200-day moving average, resulting in current sideways movement around the 200-day MA. There's a lack of momentum in the larger time frames.
(Chart: https://www.tradingview.com/x/hLqshEgJ/)
On the 1-hour time frame, I see a range forming. We can potentially trade this range until a breakout occurs. We would enter a long position at the bottom of the range, take profit on 50% of the position at the middle of the range, and move the stop loss to breakeven. We would set a take profit for the remaining position at the top of the range. Conversely, if the price is near the top of the range, we would enter a short position, take a profit of 50% in the middle, and move the stop loss to BE. Finally, set a take profit for the remaining position at the bottom of the range. It's crucial to avoid tight stop losses as the market can easily trigger them. Additionally, look for signs of momentum to avoid "catching falling knives" (entering a trade against a strong downtrend).
Range details:
Top Range: 61.5k
Median: 59.8k
Bottom Range: 58.1k
(Chart: https://www.tradingview.com/x/h1Wom5vd/)
$BTC
#LowestCPI2021
#PowellAtJacksonHole
#MarketDownturn
#CryptoMarketMoves
#MarketSentimentToday
Market Indecision Reigns, News Could Spark Volatility
Where are we in the market right now?
BTC is still choppy on the 1-day timeframe, but I'm seeing a possible next range of $62.7k (top) and $48.8k (bottom). This is not confirmed yet and needs some price movement to solidify. (Link for the chart: https://www.tradingview.com/x/oiWCgZzO/)
Bigger picture (1-day timeframe)
The market is choppy and sideways around the 200-day moving average (MA), indicating no clear momentum in price direction. However, we can see the 50-day MA approaching a crossover with the 200-day MA, which is a potentially bearish signal (a death cross).
(Link for the chart: https://www.tradingview.com/x/R8Q3fdzG/)
Previous analysis (Previous Analysis)
We previously discussed the possibility of Bitcoin retesting the market at $56k. This target has been reached, but the market remains indecisive. Any news event could trigger a price surge (pump) or sell-off.
4-hour timeframe
The price is currently trading within a range of $61.3k - $58.4k. Traders can abuse this range until a breakout occurs. It's important to note that the market may be targeting stop-loss orders, so be cautious when placing them to avoid getting stopped out even if your technical analysis is correct.
(Link for the chart: https://www.tradingview.com/x/kJmR88T6/)
$BTC
#BinanceSquareCreatorAward
#BecomeCreator
#MarketDownturn
#LowestCPI2021
#SahmRule
Where are we in the market right now?
BTC is still choppy on the 1-day timeframe, but I'm seeing a possible next range of $62.7k (top) and $48.8k (bottom). This is not confirmed yet and needs some price movement to solidify. (Link for the chart: https://www.tradingview.com/x/oiWCgZzO/)
Bigger picture (1-day timeframe)
The market is choppy and sideways around the 200-day moving average (MA), indicating no clear momentum in price direction. However, we can see the 50-day MA approaching a crossover with the 200-day MA, which is a potentially bearish signal (a death cross).
(Link for the chart: https://www.tradingview.com/x/R8Q3fdzG/)
Previous analysis (Previous Analysis)
We previously discussed the possibility of Bitcoin retesting the market at $56k. This target has been reached, but the market remains indecisive. Any news event could trigger a price surge (pump) or sell-off.
4-hour timeframe
The price is currently trading within a range of $61.3k - $58.4k. Traders can abuse this range until a breakout occurs. It's important to note that the market may be targeting stop-loss orders, so be cautious when placing them to avoid getting stopped out even if your technical analysis is correct.
(Link for the chart: https://www.tradingview.com/x/kJmR88T6/)
$BTC
#BinanceSquareCreatorAward
#BecomeCreator
#MarketDownturn
#LowestCPI2021
#SahmRule
BTC Price Action Analysis: Short-Term Outlook
BTC reached our target, not only retesting but breaking the 200MA. It immediately attempted to break the 50MA as well. On the 4-hour timeframe, Bitcoin was retesting the golden zone, a critical area where it needed to hold or decisively break with volume and momentum to confirm a reversal.
Currently, BTC is trading at $60K. I'm considering a short position in this area with a target of $59.1K to $58.4K.
Potential reversal zones are at $58.4K and $54.7K. I'll set alerts and observe Bitcoin closely near those levels, looking for significant selling volume to avoid buying the dip.
The cheat sheet below shows that Bitcoin dominance is increasing, which often leads to significant declines in altcoin prices if BTC's value drops.
https://www.tradingview.com/x/9Ix9wE8H (50 MA & 200 MA)
https://www.tradingview.com/x/CiaTo64b (BTC 4H TF)
$BTC
#BTC
#Megadrop
#BinanceTournament
#MarketDownturn
#altcoins
BTC reached our target, not only retesting but breaking the 200MA. It immediately attempted to break the 50MA as well. On the 4-hour timeframe, Bitcoin was retesting the golden zone, a critical area where it needed to hold or decisively break with volume and momentum to confirm a reversal.
Currently, BTC is trading at $60K. I'm considering a short position in this area with a target of $59.1K to $58.4K.
Potential reversal zones are at $58.4K and $54.7K. I'll set alerts and observe Bitcoin closely near those levels, looking for significant selling volume to avoid buying the dip.
The cheat sheet below shows that Bitcoin dominance is increasing, which often leads to significant declines in altcoin prices if BTC's value drops.
https://www.tradingview.com/x/9Ix9wE8H (50 MA & 200 MA)
https://www.tradingview.com/x/CiaTo64b (BTC 4H TF)
$BTC
#BTC
#Megadrop
#BinanceTournament
#MarketDownturn
#altcoins
Bitcoin Bounces Back, Retest Incoming!
$BTC bounced off the $49K level, which was higher than our anticipated support at $48.4K. I overlooked the support level in that area!
What should we expect next? It seems Bitcoin is heading for a retest of our previous range, coinciding with the 200MA and a potential fill of the $61.2K - $58.2K gap. We need strong momentum to reverse the trend once we reach these levels, otherwise, bears might maintain control.
Personally, I've invested in alts like ONDO, WIF, FET, ICP, NEAR, PEPE, KAS, MEME, and TON. These tokens have strong narratives in this market and tend to outperform large-cap coins.
Key Resistance Levels:
$59.4k (200MA) (Time of posting)
$59.1k (Last range support which acts as a resistance now)
$58.2k - $61.2k (FVG)
These are potential areas where Bitcoin could face rejection or be swept through before continuing its downtrend. As mentioned, we need significant volume and momentum to reverse the bearish sentiment.
$BTC
#MarketDownturn
#RecessionOrDip?
#BTCMarketPanic
#BinanceTournament
#bitcoin
$BTC bounced off the $49K level, which was higher than our anticipated support at $48.4K. I overlooked the support level in that area!
What should we expect next? It seems Bitcoin is heading for a retest of our previous range, coinciding with the 200MA and a potential fill of the $61.2K - $58.2K gap. We need strong momentum to reverse the trend once we reach these levels, otherwise, bears might maintain control.
Personally, I've invested in alts like ONDO, WIF, FET, ICP, NEAR, PEPE, KAS, MEME, and TON. These tokens have strong narratives in this market and tend to outperform large-cap coins.
Key Resistance Levels:
$59.4k (200MA) (Time of posting)
$59.1k (Last range support which acts as a resistance now)
$58.2k - $61.2k (FVG)
These are potential areas where Bitcoin could face rejection or be swept through before continuing its downtrend. As mentioned, we need significant volume and momentum to reverse the bearish sentiment.
$BTC
#MarketDownturn
#RecessionOrDip?
#BTCMarketPanic
#BinanceTournament
#bitcoin
Bitcoin Price Prediction: Key Levels and Support Zones
Bitcoin reached $59K! Last time we discussed the potential levels $BTC could hit if a dump occurred, and we said that any news could trigger a market sell-off. Both of these scenarios happened, but we're still within the predicted range.
I'm closely watching $BTC to see if it will generate significant buy volume in this area. The 200MA is currently at $59.5K, so we have two potential signals that could push the market higher again. However, if the price closes below the 200MA, it would indicate a death cross, which is a long-term bearish signal.
Currently, I'm targeting a BTC price of $54.2K to $53.3K. In a worst-case scenario, it could sweep the gap at $52.8K to $51.4K or even $48.4K.
Possible buy levels for $BTC :
$54.2K - $53.2K (Fibonacci level)
$52.8K - $51.4K (Fair Value Gap)
$48.4K (Liq)
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTournament
#BTC
#bitcoin
$BTC
Bitcoin reached $59K! Last time we discussed the potential levels $BTC could hit if a dump occurred, and we said that any news could trigger a market sell-off. Both of these scenarios happened, but we're still within the predicted range.
I'm closely watching $BTC to see if it will generate significant buy volume in this area. The 200MA is currently at $59.5K, so we have two potential signals that could push the market higher again. However, if the price closes below the 200MA, it would indicate a death cross, which is a long-term bearish signal.
Currently, I'm targeting a BTC price of $54.2K to $53.3K. In a worst-case scenario, it could sweep the gap at $52.8K to $51.4K or even $48.4K.
Possible buy levels for $BTC :
$54.2K - $53.2K (Fibonacci level)
$52.8K - $51.4K (Fair Value Gap)
$48.4K (Liq)
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTournament
#BTC
#bitcoin
$BTC
Bitcoin's 70k Rejection: The Beginning of the End?
BTC reached 70k as expected but immediately faced rejection at that level. This indicates selling pressure, as the price always gets volatile when approaching the 70k zone. Currently, BTC is below the median, hinting at a possible drop to 63.4k or a sweep of the gaps below, as mentioned before. (https://www.tradingview.com/x/UTzrTkO9/)
What should we expect?
BTC is still trading within our range of 73.8k - 59.1k. We will likely continue trading at these levels until BTC breaks out of this range. Then, we will react accordingly. Long-term, BTC is likely to retest the 50MA in the 1-day timeframe. The last time it touched the 50MA, it acted as support and pushed BTC to 70k. (https://www.tradingview.com/x/YyCXGOX5/)
Lower timeframe (4H)
BTC respected the Fibonacci levels, finding support at 63.6k (coinciding with the 50MA) before pushing to 69.4k, the next target after breaking the golden zone. Currently, we are back in the golden zone. These levels can guide your entry and exit points. I prefer opening a test buy position for BTC below the zone at 61.1k and adding more at 60k-58.1k. (https://www.tradingview.com/x/3mnFLptR/)
Historical data and FA
August and September tend to yield negative returns for Bitcoin. Additionally, in the stock market, August is a "ghost month," which can also impact the crypto market. I closed some spot positions during last week's pump. I plan to stay liquid, observe the market, and buy near the bottom or use a DCA strategy. BTC, ETH, and other large-cap coins will likely provide good long-term returns. Wait for market stabilization before making gradual investments. Altcoins can offer good returns, but avoid underperforming large-cap and mid-cap coins. They are likely declining in value and shouldn't be seen as discounted. Instead, follow trends and invest in projects gaining market attention. $BTC
#BinanceTurns7it
#SOFR_Spike
#BinanceTournament!
#BTC
#Bitcoin❗
BTC reached 70k as expected but immediately faced rejection at that level. This indicates selling pressure, as the price always gets volatile when approaching the 70k zone. Currently, BTC is below the median, hinting at a possible drop to 63.4k or a sweep of the gaps below, as mentioned before. (https://www.tradingview.com/x/UTzrTkO9/)
What should we expect?
BTC is still trading within our range of 73.8k - 59.1k. We will likely continue trading at these levels until BTC breaks out of this range. Then, we will react accordingly. Long-term, BTC is likely to retest the 50MA in the 1-day timeframe. The last time it touched the 50MA, it acted as support and pushed BTC to 70k. (https://www.tradingview.com/x/YyCXGOX5/)
Lower timeframe (4H)
BTC respected the Fibonacci levels, finding support at 63.6k (coinciding with the 50MA) before pushing to 69.4k, the next target after breaking the golden zone. Currently, we are back in the golden zone. These levels can guide your entry and exit points. I prefer opening a test buy position for BTC below the zone at 61.1k and adding more at 60k-58.1k. (https://www.tradingview.com/x/3mnFLptR/)
Historical data and FA
August and September tend to yield negative returns for Bitcoin. Additionally, in the stock market, August is a "ghost month," which can also impact the crypto market. I closed some spot positions during last week's pump. I plan to stay liquid, observe the market, and buy near the bottom or use a DCA strategy. BTC, ETH, and other large-cap coins will likely provide good long-term returns. Wait for market stabilization before making gradual investments. Altcoins can offer good returns, but avoid underperforming large-cap and mid-cap coins. They are likely declining in value and shouldn't be seen as discounted. Instead, follow trends and invest in projects gaining market attention. $BTC
#BinanceTurns7it
#SOFR_Spike
#BinanceTournament!
#BTC
#Bitcoin❗
Market Meltdown: Crypto Joins Stock Market Plunge
Going back to $BTC , there's a bearish divergence in the 4H timeframe that played out today, which could be one of the reasons why $BTC declined. Additionally, it seems to be forming a bearish expanding triangle, increasing selling pressure.
In the 1D timeframe, as our last TA indicated, we would hit the median of our range and sweep the gaps and lows, which is currently happening. $BTC has gaps from 62.3k to 58.5k, so we might see a bounce in that area. Manage your position carefully and avoid catching the knives.
Looking at the long-term movement, BTC is now retesting the support at the 50MA. As we previously mentioned, BTC did indeed go below the 200MA before climbing again. The death cross has yet to form, which is a lagging indicator. I am monitoring the price to see if it drops below the 50MA or 200MA, as this could potentially change my bias.
I closed some of my long positions but still have others open. I might consider initiating short positions once $BTC closes below the 50MA.
#Bitcoin_Coneference_2024
#BinanceHODLerBANANA
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTurns7
#Megadrop
Going back to $BTC , there's a bearish divergence in the 4H timeframe that played out today, which could be one of the reasons why $BTC declined. Additionally, it seems to be forming a bearish expanding triangle, increasing selling pressure.
In the 1D timeframe, as our last TA indicated, we would hit the median of our range and sweep the gaps and lows, which is currently happening. $BTC has gaps from 62.3k to 58.5k, so we might see a bounce in that area. Manage your position carefully and avoid catching the knives.
Looking at the long-term movement, BTC is now retesting the support at the 50MA. As we previously mentioned, BTC did indeed go below the 200MA before climbing again. The death cross has yet to form, which is a lagging indicator. I am monitoring the price to see if it drops below the 50MA or 200MA, as this could potentially change my bias.
I closed some of my long positions but still have others open. I might consider initiating short positions once $BTC closes below the 50MA.
#Bitcoin_Coneference_2024
#BinanceHODLerBANANA
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTurns7
#Megadrop
$BTC Breaks Barriers: $70k or Bust?
Last time, we anticipated a pump after Bitcoin (BTC) deviated from its range. We expected BTC to hit the median around $66.4k. While the pullback didn't reach our target, we remain bullish even during market downturns.
So, what's next for BTC? We just broke above the median, and if this momentum continues in the 1-day timeframe, we could see BTC reach $70k. This area presents both liquidity and psychological resistance.
Looking back at the last deviation in this range, BTC dipped below our bottom target of $59.1k before rallying to $72.1k. This time, the deviation is confirmed since we reached the median. Based on historical data, we can see that BTC reaches $70k-$72k, or even the top of the range at $73.8k.
It's important to note that BTC is creating gaps in the 1-day timeframe, and there's a possibility it will fill them. However, I always maintain a trading plan and adapt my bias based on how the market unfolds.
#BTC☀
#Bitcoin❗
#BTC
#MarketSentimentToday
Last time, we anticipated a pump after Bitcoin (BTC) deviated from its range. We expected BTC to hit the median around $66.4k. While the pullback didn't reach our target, we remain bullish even during market downturns.
So, what's next for BTC? We just broke above the median, and if this momentum continues in the 1-day timeframe, we could see BTC reach $70k. This area presents both liquidity and psychological resistance.
Looking back at the last deviation in this range, BTC dipped below our bottom target of $59.1k before rallying to $72.1k. This time, the deviation is confirmed since we reached the median. Based on historical data, we can see that BTC reaches $70k-$72k, or even the top of the range at $73.8k.
It's important to note that BTC is creating gaps in the 1-day timeframe, and there's a possibility it will fill them. However, I always maintain a trading plan and adapt my bias based on how the market unfolds.
#BTC☀
#Bitcoin❗
#BTC
#MarketSentimentToday
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