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Bitcoinanalysis

Bitcoin can break of resistance level and to growHello traders, I want share with you my opinion about Bitcoin. Looking at the graph, we can see how Bitcoin is declining in the downward local trend. The price broke through the support line and level 22725 and dropped to the level 21970 from which it bounced. Currently, the price is trading above the support line and may continue to move upwards. Bitcoin can break through the resistance level and continue to grow. So the targets for Bitcoin I've set on levels 22725, 22970 which coincide with resistance line that also match fibonacci levels 0.382 and 0.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
#Bitcoin in a 3% Range as BTC Stuck within a Bear BreakoutPast Performance of Bitcoin Bitcoin prices were unmoved over the weekend and relatively uneventful. As a demonstration, prices remain inside a 3% range as the bears tower over bulls. The short-term trend remains bearish, and the path of least resistance is southwards. This preview is valid if prices are below the middle BB and $22.8k. #Bitcoin Technical Analysis Since BTC is within the March 3 bear candlestick, every high below $22.8k presents an unloading opportunity for sellers. The bar is wide-ranging, and the subsequent bars printed over the weekend have a tight trade range with light trading volumes. Since bulls didn't flow back and attempt to reverse losses, the immediate term trend is southwards. Subsequently, every attempt towards $22.8k might present entries for sellers targeting $21.5k. If there are sharp dip below last week's low, it will confirm losses of March 3, allowing traders to double down on their sell-off, angling $21.5k or lower. What to Expect from #BTC? Sellers are in charge, and the short-term trend is southwards. With the trend set and BTC within a bear breakout formation below the range of early last week, traders might look to sell, targeting the immediate support level defined in Q1 2023. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Try to regain 23.7 On WeekendBitcoin legdown around 5% and bounced back from the yellow support line which it touched before ( on the first dump) Please support and motivate me by Boost,Follow,Comment Usually a Friday dump into weekend does not tell me a real move , meaning this could be retraced and even go higher but if it loses 22K more downside is way more possible than up side. The liquidation around 24K is now 5M and high leverage is around 2M around 22.8 Detailed explanation on video Also if you want to talk about trades leave a comment Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
The Final Stage Of The CorrectionI'm bearish since Februari 21, mainly because of two simple reasons: - The price was rising for 51 days - Bitcoin touched the 200 weekly EMA, and horizontal support at the same price point. In my analysis of Februari 24, I expected Bitcoin to get a bounce or go sideways at the support zone of 22800 to 23200. At that point I wasn't really sure whether Bitcoin was bullish enough to stay above that zone. Now we've gotten our answer. It isn't. Now that Bitcoin has breached that zone, we can look at a bottom soon. As of today, we're at day 63 of Bitcoin's 65 daily cycle (on average). This means that it is likely we're seeing our bottom fairly soon, and in the most bullish case, that bottom is today. We're also looking at a falling channel, which is my favorite trading pattern. I'm now looking for a bullish divergence on an hourly chart, accompanied with sideways action. The bottom is in when those conditions meet.
COINBASE:BTCUSDLong
by FetchTeam
1
Bitcoin bears aint letting it go higherBitcoin/1H exited the rising broadening wedge and stopped at the previous point of pump. Please Follow,Boost,Comment.helps me wake up in the morning ^_^ With this bitcoin dump we expected a new Lower Low to form showing that BULLS are actually OUT of the market but Nope, it held the previous point of pump showing that Bulls still have little bit more left BTC can comeup ~22.7 perform a bullish retest and goes as high as 27K stopping at the bottom of a CME GAP , jebaiting the moon boys and then crash down at the Next important Event ( FOMC , CPI ) IT could Also legdown another 5% getting close to the 20K gap , meaning no more upside and the down trend actually started. Fundementals + detailed explanation on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Crashes Below Consolidation, Path Back to $21.5kPast Performance of Bitcoin Bitcoin is down at spot rates, crashing below the consolidation as sellers step up. After earlier confidence, it is evident sellers have the upper hand per the formation in the daily chart. At present, the coin is trading below $22.8k, mirroring losses of February 24. #Bitcoin Technical Analysis The bear bar of March 3 defines the short term. It is a breakout bar and wide ranging, marking a continuation of the February 24 candlestick. Since the coin is now below the previous consolidation, traders may look to short on every attempt towards $22.8k while targeting $21.5k in the short term. What to Expect from #BTC? From a top down preview, buyers are in control. However, after today’s bear breakout, the short term trend has switched to bearish. Support will be the immediate targets at $21.5k and February lows. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#BTC Emergency Short Update!Bitcoin is currently trading right above 2 trendline supports. I am expecting a bounce here, however, if we break the current support we have two scenarios to look at. 1. A BEAR Trap with a deviation of around $19.6k to $20.8k. 2. A short-term bounce from the current level respecting both trendlines. You earned more than 10 times in the last 2 weeks o avoid leverage and staying mostly in USDT and BTC. You know it if you follow me on my other social platforms too. INVALIDATION:- Close below $19.6k in Daily. My actions:- Looking at Potential Altcoins + Scaling into BTC with the USDT reserve slowly. Do your own research, This is not financial advice. Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
by Cryptorphic
2
Bitcoin Still Wants That 24.6 - Fighting between Bears and BullsBitcoin\1H Holding the bottom of the rising broadening wedge Yesterday we dumped and then we pumped back up BUT Bears pushed it back down. this down move tells me MMers trying to buildup more shorts before they push it higher It also indicates Bearish momentum is getting stronger and Bulls having problem pushing it up Please Boost,Follow,Comment if you find this informative Expectation is we either hit AROUND 24.6 and come back down. or the retest and liq grab of 24.6 wont happen and we break the bottom of the rising broadening wedge for good. Ive talked about BTC Correlation to SPX. SPX did bounce up a little bit yesterday but then it came back down,holdin the low showing weakness. Detailed TA on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin Preparation OutlookPrice of bitcoin is ranging in a bear flag. Zig zagging between 18500 and 22500. I believe we will see some zig zagging before we have another wave down. If price reclaims 22500 and we can clearly see it became support then we can have a bias towards a target of 25-26k and that would still not be enough to get bitcoin to start any real uptrend..... If we do not do break 22500, then I expect it to roll over and go to 15-17k price or lower. I think any of these options are plausible but I am leaning more towards shorting based on what I see price doing... There is not much telling us that price will go up... If the Yellow Support breaks that will be break the small trend we have and create lower low giving us reason to become more bearish towards 16k and 12k areas. This is a general guide not a full out plan... Be wise and use proper risk management. See my other post to see why I have 12k range as a target. It is part of a bigger head and shoulder pattern that has a completion area of 12k areas.
Short
by ELVTV
Bitcoin in a Trade Range, BTC Upsides Limited at $24.1kPast Performance of Bitcoin Bitcoin remains in an uptrend in the medium term but is in a consolidation in the immediate term. Even though there were gains on March 1, bulls didn’t push higher to break above $24.1k. From the daily chart, prices are still within the bear bar of February 24 and bearish in the short term. Unless there is a convincing breakout, there is a high chance of more losses in the coming days. #Bitcoin Technical Analysis BTC remains in a consolidation with caps at $24.1k and around $22.8k. The defining bar is the February bearish engulfing candlestick. Therefore, from an effort-versus-result perspective, bulls will only take charge, resuming the primary trend should there be a high-volume close above $24.1k. In that case, BTC may float to $25k, mirroring gains of February 15. Conversely, conservative traders can wait for a dump below $22.8k before selling on every attempt higher, targeting $21.5k in a cool-off after surges from mid-December to February 2023. What to Expect from #BTC? Buyers are confident, but price action ticks to favor sellers in the short term. Unless there are welcomed expansions above $24.1k, as mentioned above, reversing losses of February 24, sellers have the upper hand. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin exit of wedge and can continue move upHello traders, I want share with you my opinion about Bitcoin. Watching in the chart, we can see how Bitcoin the exit of downward wedge, and started moving up. Subsequently, the price decreased and retested the buyer zone, from which bounced back and begin to rise. Currently, the price is above the buyer zone and may continue move up. Bitcoin can continue to grow and reach the resistance area. Based on this analysis, I decided to set two targets at 24,300 and resistance area 24930-25250. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
#Bitcoin In a Bearish Range, Will BTC Break Above $24k?Past Performance of Bitcoin Bitcoin remains under pressure at spot rates, looking at the performance in the daily chart. Despite gains today, sellers were still in control since prices were still within the bear bar of February 24, a sign of weakness. Until prices break above $24.1k, the coin risks dropping in the short term. #Bitcoin Technical Analysis BTC is consolidating inside the bear bar of February 24, a sign of weakness from an effort versus result perspective. Support lies at around $22.8k. The only way to define the immediate trend is a breakout in either direction. Sellers will flow back if BTC losses $22.8k with rising volumes, confirming the bears of February 24. In that case, aggressive traders may sell on every attempt towards $23k, targeting $21.5k in a retracement. Conversely, if there is expansion with bulls lifting the coin above $24.1k, on the back of rising participation, the odds of BTC retesting $25k would be high. What to Expect from #BTC? Traders are buoyant. However, there must be confirmation. For this reason, conservative traders can wait for a clear trend definition above or below the current consolidation. Overall, prices might recover in the medium term from a top-down preview. However, there are hints of weakness for now, and bears are pressing on as the coin is capped inside the February 24 bear bar. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Bullas wants to push it higher on Monthly Close!BTC/1H `at the bottom of rising broadening wedge Forming another pennant ` After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7 Please Boost,Follow,Comment if you find it informative Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Is Weak, Could Slide Below $22.5k As Bears Press OnPast Performance of Bitcoin Bitcoin prices remain in a tight trade range, around the $23.5k support line. There are signs of weakness, but that needs to be confirmed with a sharp drop below $23k and even $22.5k with rising volumes. From the daily chart, buyers are in control. However, for buy trend continuation, there must be gains in line with February 26 gains, affirming strength. #Bitcoin Technical Analysis From the daily chart, buyers are in control from a top-down preview. All the same, after an impressive performance in the past few weeks, the uptrend is fizzling. As prices oscillate inside the $23.5k and $24k zone, buyers must push prices higher and confirm the strength posted over the weekend. If not, any slip below $23k would signal weakness, an opportunity for traders to find entries on every attempt higher, selling with targets at $21.5k. This preview will only change if there are gains above $25k with rising volumes, invalidating the bearish attempt of the last week of February. What to Expect from #BTC? Traders can wait on the sidelines until there is a clear trend definition. The immediate resistance is around $25k, while support is at $23.5k. Any drop below $22.5k and last week's lows may trigger a sell-off, pushing the coin lower. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin wants it higher but bears dontBitcoin\1H consolidating after breaking the down wards parallel channel and making a new extreme to the upside ~23.6.It could go up to ~24.1 where a big liquidity cluster is and come back down after that. **Next stop for bitcoin could be around 20500 where the CME Gap is** Please Boost,Follow,Comment if you find this video informative. We yet have to see a flood down to around 20K or even 19K. With SPX testing the biggest resistant line as a support ,today after a retest it will lose it and flood down thus btc will follow .
BINANCE:BTCUSD.PShort
by pcmonk
2
#Bitcoin Recovers But Will Buyers Break $25k?Past Performance of Bitcoin Bitcoin prices are volatile. After losses from Friday, February 25, BTC prices recovered yesterday but remain within a bearish formation, a discouraging move. Notably, from the daily chart, BTC is trading at around $23.5k, a critical support level. Should prices contract from this line, this could swing price action to favor sellers in the short term, possibly canceling out the bulls from mid-January 2023. #Bitcoin Technical Analysis The path of least resistance is overly northwards. However, there are hints of weakness, reading from the performance in the daily chart. For buyers to take charge, there must be gains above $25k with expanding volumes. Presently, losses, especially of February 25, may weaken the uptrend, allowing sellers to flow back and swing price action southwards. Because of yesterday's gains, traders can wait for a follow-through. However, if prices fail to edge higher and close below $23.5k, mirroring those of the bearish engulfing bar of last week, BTC may drop to $21.5k. What to Expect from #BTC? Buyers are in control from a top-down preview. Nonetheless, losses below $23.5k, confirming the end of last week's sell-off, may trigger a dump that may see BTC retest at $20k or lower. Conversely, reversals pushing BTC above $25k may anchor the next leg up. Resistance level to watch out for: $25k Support level to watch out for: $23.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Consolidating to go Lower AGAINBitcoin/1H Doing another Pennant We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move. Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it. We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just starting and we yet have to see bigger red candles ~13% Please Follow,Comment,Boost if you find it informative. Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk