https://www.tradingview.com/x/6lqTVyUC/

Bitcoin : Weekly Perspective and levels

The weekly chart of bitcoin is going to close in the next few hours from I write this post. However, current form is now enough to anticipate the weekly close as well. Now, I want to cover the analysis on this time basis and explain some important levels that could give the significant factor for bitcoin's movement in the future.

Looking at the chart, it's clear that the price is now trending above the yellow resistance trend line as the exactly 1 year resistance trend line. There could be 2 potential future movement in current rate. The first potential factor to occur is that current movement is the bulls trap which traps the most of the long position and we'll see it comes back to the area below the yellow resistance trend line. The 2nd probability is that this is the real break out from the yellow trend line and we have to wait more patient to confirms the up trend moves.

We can't deny that currently the price is still trending slightly under the strong resistance. This resistance includes so many factors in it. There were a crucial zone on previous price action, Psychological number of $10000 and the Golden pocket zone as resistance. That's why current price action which is going back and forth between $10000 - $9000 is very ideal knowing the resistance that the price faces is a very very very strong. But, look at the other side when the price is able to breaks this resistance, we'll see a fantastic movement to the upside and this could be the beginning of the new rally to breaks the ATH. Next resistance if we can breaks this region is the $13000.

Down she goes. Blood on the streets.

https://www.tradingview.com/x/lkK1kZjR/

The beauty of price action, retest the golden pocket soon

Bitcoin is looking so bullish lately. With a type of hammer candle on daily chart, you all know that the bear trap is in play as well. The price has claimed back the support trend line on the ascending triangle as well. With a type of this wick toward the down side, making the bulls take over control from the bears.

Looking at the price, We can easily deduce that there is still potential test toward the upside one more time. The ticking up from the MACD has shown us the momentum for the bulls is gaining now. The other fact of my confluence reasons is that the price has already broken out of the yellow resistance trend line which is becoming the strongest resistance trend line for now. It's now breached this trend line and the last hammer candle could be the confirmation of phase 2 break out strategy which is retesting previous broken resistance as support.

I'll target the golden pocket zone around $10000 - $10330 as the first target and the next target will be around $11600 region. a bull run is going to happen soon! Just wait until the price breaks out of the golden pocket and the retest toward ATH will occur.

$BTC Liquidation Levels

#BTC/USDT (Binance Futures) ‼️

SHORT
Leverage : 10x

Entry Zone :
$9540 - $9560
TP(s) :
$9450 - $9380 - $9290 - $9185 - $9090 - $9035

StopLoss : $9616

$9600 Level is a Crucial One...
Decision Maker.
Until it's Safe,
Bitcoin is Trading Under Bears Territory

https://www.tradingview.com/x/lz4pDR6p/

It's getting closer for the next bull run, Expecting ATH

Back at the March 2020, when the total market capitalization has touched its local bottom at the same level of interim swing low at 2018. At that time, a lot of traders called a further dip for bitcoin and the entire crypto space, but once again the majority will always lose! Now, by the time goes, the market capitalization has its bounce and is now testing the most crucial levels in the market.

The first level which I want the crypto market cap to watch is the resistance trend line which has occurred since June 2019. With yesterday's bitcoin claimed back to the support trend line as, there are some huge net buy coming and indicate the money inflow for crypto market capitalization in near future. With this type of projection, you know that there is a possibility for the market capitalization to breaks out of this trend line as well.

The second level will be more crucial than the first one. The second level is simply the previous broken support that is now becoming resistance for the market capitalization. It's around $350 Billion. We've seen several attempts for breaking out of this level previously but always ended up with a rejection and bullish trap. From now on, I will wait for the confirmation of the market cap to breaks out from this level. Once it's done, we'll see the significant increase of volume and money inflow in the cryptocurrency universe. At that time too, we'll see another potential ATH on most of the strongest coin in the market.

💸Hashed Education💸

Keep in mind that if you use a position size for your trades, RISKING only 1% of your Portfolio per trade aiming for a RISK:REWARD of 1:3, your Breakeven Win Rate is 25%...

This means that you can actually lose 75 times out of 100 trades and win only 25 without being in loss. You would break even.

If you improve your win ratio to 50 winning trades out of 100 (still aiming for 1:3 R:R) and lose same amount of trades (50), you will still double up your portfolio which will be 100% up!!!

Let's do the math (this is not a compound strategy example):

My portfolio is worth $10,000. I want to make 100 trades with R:R=1:3 so 1% RISK ($100) to win 3 times REWARD ($300).

First 50 trades are winners then the other 50 trades are losers.

👑 Portfolio = $10,000

😁 50 win trades * $300 = $15,000

😪 50 losers trades * $100 = -$5,000

🤑 $10,000+$15,000-$5000= $20,000 (My portfolio is now 100% UP and I lost 50 trades out of 100!!!)

Learning Outcome: Losing a trade is NOT the end of the world if you are following a plan with a risk management and a position sizing strategy!

@hashedplutus Baby!

Today competition in mining hardware is increasing, with strong products from new players like MicroBT gaining traction and eating into Bitmain’s lead. MicroBT’s 2019 share is believed to have been around 35%. However, Bitmain remains the number one player and a force to be reckoned with.

#BTC/USDT

Eyes On This 1Hr Pennant
"Bitcoin" Seems To Be Holding & Facing Resistance From The Exact Levels Of The Pennant.

$BLZ is a pure beast. Topping at over 100% profit from the call

#BTC/USDT
Shorting Call Was Shared Here...

TP 1 ✅
TP 2 ✅

Price Hits : $9355
That's +21% Profit 🍸
(With 10x Lvg)

https://www.tradingview.com/x/kdWWIF7X/

Altcoin season or Hell?

Altcoin is having a high correlation with bitcoin's movement as well. We can't deny that this market is having a very high volatility if we compare to bitcoin. If bitcoin increases 1%, there might be 2, 3 or 4% in altcoins price. That's why a lot of people are interested to put some of their eggs on altcoins market. Some of us is waiting for the next altseason to come where most of the altcoins is having a very high percentage of gain. Will it come in the near future?

If we look at the altcoin index perpetual future, at least there are 2 perspectives that is related with current movement of the price. One is bearish but the other one is still waiting for more confirmation and potential push to the higher region. This what makes trading so interesting with some contradiction that occurs in the market itself. The first pattern that I see is the bearish flag pattern. You can see the pole of this pattern has occurred between the extra down trend on February - March 2020 and after that downward push, a flag pattern which is the uptrend channel occurred to give a sign of the flag. Lately, this flag has already broken down its support trend line.

The second perspective is there is another support trend line that has already formed since April 2020. Although the price has already broken down from the flag pattern, it's still trending above this support trend line as well. If we see it from another perspective too, this can be the support trend line for potential ascending triangle which usually ends up with price prints a higher high. The other factor that makes this very interesting is that the RSI is still trending on the neutral zone as well which indicates there is a lot of uncertainty occurs in the market.

There isn't any other way except waiting for more confirmation if you want to buy the dip on altcoins. We have to wait at least for the price to come closer to the APEX of the triangle to know where the next potential movement will go. Breaks out of the white resistance zone will leads to further increase in altcoins market, good for swing trader. But, breaks down of the yellow support trend line will be a hell!

https://www.tradingview.com/x/QjZ8nIct/

Ethereum trade set up

Ethereum here is having a potential of the long set up in the near future. The fact that currently it has the strong positive correlation with bitcoin, making the movement of the price similar with bitcoin. The price is trending right above the support trend line and the strong horizontal support. It looks like there will be a movement in the near future as the price is coming closer to the APEX that has been formed since the support trend line and the white resistance trend line had its cross point.

With the above condition, here I see a possible trade set up especially for long position. One of my favorite strategy is the break out strategy which has the probability of winning since a long time ago. That's why if the price can breaks out of the white resistance trend line, I'll open a long position and targeting at the 2 horizontal resistance above which produce a very good and worth RR at 5.66x.

The only thing to wait right now is a little break out and a close above the white resistance trend line to confirm this set up.

https://www.tradingview.com/x/O1SzBCa6/

#BTC_Update ‼️

Bitcoin is Printing Lower High(s) Structure
(That's Bearish)
Along, Has Been Holding a Support Level at $9230 - $9220
Which Has Already Been Tested Thrice.
On 4th Test it Would Most Probably it Gonna Breakdown 📉

For Bullish Reversal,
Bitcoin Needs To Break Previous LH With a Solid Candle.
Upon Breaking Current Support BTC Will Test $9100 - $9050 Support Level.

Eyes On ;
Resistance : $9400 - $9420
Current Support : $9230 - $9220

#BTC Dominance Update: Dominance broke below the bearish pennant looks like it want to retest the last red resistance.
Stay tuned while we are watching for some other altcoin signals.

https://www.tradingview.com/x/eobgLAGj/

That's what weekend action looks like.

Looks like a ziptie🙈