Premium Only Content

May 16, 2024
In this comprehensive update, we delve into the Bitcoin (BTCUSD) daily and weekly timeframes and show some key Fibonacci ratios and levels, support and resistance levels, bullish diamond formations, and the continuous story they speak over time. Candlestick Ninja stresses the importance of avoiding biases, recency biases, and ignoring higher-level timeframes and price action to avoid whipsaw as the next and last short-term leg up is within a very inflated Bitcoin, S&P500, and ultimately any global “risk on” or at-risk investment that’s directly correlated to stock indices.
The goal of this video is to look at three of the most important barometers in any trader’s utility belt: the S&P500 Index, its implied counterpart the VIX (Fear Index), and Bitcoin, which we consider the S&P500 of all things crypto. It’s crucial for any trader to know where we are in the overall higher-order wave patterns, because if you don’t know where you are, you definitely don’t know where you are going, and in turn, where your trading account or investments are headed.
This comprehensive analysis serves the dual purposes of showing you our carefully thought out trend bias and trading plan and also provides a tactical trade idea on ticker RIOT towards the end.
📈 Key Insights:
Bitcoin rallied towards $67,000 very quickly after our last prediction when we were below $62k.
We are now retracing and will most likely bounce at $63,000.
Our prediction: Bitcoin will rise towards $67,500, then $70,000 psychological level within 5 to 7 days.
Thus, we are neutral now and bullish at $63k on BTC, which probably happens by early morning or late night tonight!
📬 Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.
Handles:🥷
📈 TradingView: CandlestickNinja
🎥 TikTok: @candlestickninja
📘 Facebook: CandlestickNinja
🔗 Rumble: CandlestickNinjaTV
📬 Stocktwits: Candlestickninja
▶️ YouTube: CandlestickNinjaTV
💼 LinkedIn: CandlestickNinja (Coming Soon!)
#BitcoinAnalysis, #BTCUSD, #BitcoinOutlook, #CryptoAnalysis, #TechnicalAnalysis, #TA, #ShortTermTrends, #MarketAnalysis, #TradingPsychology, #RiskManagement #ta #iotstocks #riotgames #ewp #elliottwavetheory #cryptoanalysis #cryptonomics
-
LIVE
Akademiks
5 hours agoDay 2/30. Nipsey Hussle Brother Standing on Bizniz? Offset and Cardi Calls it Quits. 50 v Jim Jones?
3,580 watching -
DVR
EricJohnPizzaArtist
5 hours agoAwesome Sauce PIZZA ART LIVE Ep. #37: Chaos in Roswell!
26.7K2 -
2:11:29
vivafrei
15 hours agoEp. 253: Zelensky Dress-Down and Geopolitical Fallout! D.C. Court Rules AGAINST Trump Firing & MORE!
168K265 -
2:13:14
Nerdrotic
8 hours ago $8.04 earnedMegalithomania! with Hugh Newman and Andrew Collins | Forbidden Frontier #092
72.4K19 -
38:41
Sarah Westall
9 hours agoHealth Freedom Under Attack, Dr Robert Young Found Guilty on Suspicious Victimless Crime, Matt Hazen
72.4K7 -
LIVE
Vigilant News Network
8 hours agoDataRepublican Exposes the Shadow Government’s Darkest Secrets - Exclusive Interview | Media Blackout
1,812 watching -
31:39
Peter Santenello
1 year agoStories From Vegas' Golden Era 🇺🇸
61.6K25 -
LIVE
The Why Files
12 hours agoLIVE: The Why Files 24/7 Stream n' Chat
1,434 watching -
55:15
Russell Brand
1 day agoThe Truth About Big Pharma & COVID with Dr. Aseem Malhotra
180K11 -
1:19:48
The Rubin Report
12 hours agoWhat the Trump Administration Must Do Instead of Revenge | Peter Thiel
135K169