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Bitcoinanalysis

Bitcoin - a huge falling wedge is broken On the Bitcoin chart, on the daily timeframe, starting in June 2022, a pattern was formed - a falling wedge. To be honest, I don't respect technical analysis patterns and think that only some of them make any sense. The wedge pattern is among them. If you analyze it on history, this pattern has a high win rate on higher timeframes. I personally will not trade it, I have a different style of trading, quantitative trading (indicators), but it may be educational and interesting for you. Plus it is another prerequisite for continued growth. Bitcoin broke the falling wedge. At the same time, we see that the price closed above the upper boundary. So that is a positive signal. Closing below would be a negative signal. 🚀According to the rules, target = height = 42% ($26k) All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
by Yaroslav_Krasko
#Bitcoin Powers Higher, Clears Liquidation Line at $18.5kPast Performance of Bitcoin Bitcoin soared seven percent in the past 24 hours, rallying above the critical resistance line at $18.5k and shaking off the bear pressure of the better part of the last two months. Following yesterday's surge in prices, BTC is in green and looks set for the next leg up towards $20k or better in the sessions ahead. #Bitcoin Technical Analysis BTC bulls are in control. There are fundamental triggers behind this spring, vividly illustrated in the daily chart. Going forward, traders may look for entries to double down on every dip, within yesterday's bull bar but ideally above $18.5k. This preview holds because yesterday's bar is with rising trading volumes and wide-ranging, breaking above a multi-week liquidation line. The immediate target for optimistic buyers is at $20.7k, marking November 8 high. What to Expect from #BTC? Inflation is reducing as the FED takes congruent steps to tame raging consumer prices. This is impacting asset prices positively and building confidence. As long as inflation continues to fall, BTC stands to gain even more. In the short term, primary support is at $18.5k. Resistance level to watch out for: $20.7k Support level to watch out for: $18.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart. Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern. As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway. A move back to the lower line is a warning and could signal the pattern is failing.
EIGHTCAP:BTCUSDLong
by Eightcap
BTC Bitcoin: Directional MovementToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The current upward momentum on the BTC price may be short lived as the RSI is very high in the overbought region. I have shown two directions which the price can move towards. Keep in mind that BTC price volume is still low, which is a concern. Expect some downward movement to cool off the RSI before price really makes a directional move. I have been calling drops on BTC since November and December of 2021. Be careful to not follow the hype train which many social influencers put up. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BITFINEX:BTCUSD
by MillionaireEconomics
BTCUSDT - pending Inflation. The expectation of a short- Came to the area I marked in the video here -https://www.tradingview.com/chart/BTCUSDT/g0HMDQc6-bitcoin-nachalo-bychbego-trenda-2023/ here- here- I started longing since January 22 The markets are coming alive because of the injection of money into the economy through military companies that produce weapons and so on. written here money injection Now it's more likely to see a correction than an acceleration. A big sign of this: a friend I wrote to 2 months ago who I told to buy crypto and invest in the market. But he only matured today. He says he wants to buy (haha, bitcoin is up against resistance, I am waiting for a pullback price, but he wants to gain a position). What else to add: Broke through the trending orange. But there was no test. So we wait for the retest a trendline. If it confirms the breakthrough. Then we will see in the near future 30k prices on the Father *BTC* . What are your thoughts?
by Artem_Dishel
2
Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame. Be sure to try reading this post to get additional information about today's post.👇 According to the post above, Bitcoin is pulling back to the heavy support zone it missed. The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone). Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇 🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel. Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
#Bitcoin Peeling Higher, Next Stop $18.5k?Past Performance of Bitcoin Bitcoin is up four percent versus the greenback in the last trading day as the coin peels higher. The brief consolidation of the weekend has been straightened as activity is re-injected, heightening volatility. With prices above $17k and $17.5k, BTC may easily breach $18.5k as the coin turns the corner. #Bitcoin Technical Analysis The path of least resistance is, in the short term, northwards. Specifically, the coin is within a bullish breakout formation, confirming the bull bar of November 30 and December 20. As it is, every low may offer entries now that the upside momentum is firm. Notice that BTC bull bars are along the upper BB, pointing to decent upside momentum. Provided prices are above $17.5k; every low is a loading opportunity for optimistic buyers angling for November 9 highs. What to Expect from #BTC? BTC is technically bearish, per the formation in the daily chart. Even though bulls are in control, the coin is trading within the bear bars of November 8 and 9, a net negative from volume analysis. Until BTC breaks out from $18.5k, the coin may form the base for another leg up to $20k, or better. Resistance level to watch out for: $18.5k Support level to watch out for: $17.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin is about to crash!Hello, my friends! The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days. Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3. The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
47
#Bitcoin Turning the Corner, BTC May Spike to $18.5kPast Performance of Bitcoin Bitcoin is shaking the weakness of December, rallying seven percent in four weeks. This week's expansion is bullish since it keeps prices above $17k and December 20 highs, confirming demand. For this momentum to be sustained, BTC buyers must add to yesterday's gains, pushing and maintaining the coin above $17.5k. At this pace, BTC could be pushed towards $18.5k. #Bitcoin Technical Analysis Buyers are upbeat, judging from the formation in the daily chart. Even though there were attempts to reject upside pressure, the sharp bounce on January 10 is bullish. As it is, traders can load the dips, targeting $18.5k in the short term. Supporting this preview is the solid bullish engulfing bar of yesterday. This bar kept prices above $17k, sustaining the coin above December 20, a bullish formation. Since bars also align with the upper BB, the upside pressure is higher. Therefore, if prices are above $17k, traders can ramp up. What to Expect from #BTC? Bitcoin is turning the corner. However, fortunes could change if the coin blasts above $18.5k. There are hints towards this, especially if there is a follow-through of yesterday's developments. In that case, BTC could easily pierce above $18k, triggering more demand. Resistance level to watch out for: $18.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Off To A Start Strong, Will BTC Bulls Prevail?Past Performance of Bitcoin Bitcoin prices started the week strongly on January 9. While the coin is trading above $17k and banding along the upper BB, pointing to interest, it remains to be seen whether the uptrend will continue. BTC bulls must close above the immediate resistance line for trend definition. From the daily chart, the January 9 bar closed as an inverted hammer with a long upper wick pointing to liquidation in the NY session. #Bitcoin Technical Analysis Overly, bears are in control, considering the formation in the past few months. Critical resistance and support lie at $17.5k and $16.5k, respectively. Even so, the expansion of prices on January 10 and the surge above $17k is bullish. Presently, traders can look for entries, but only once there is confirmation of yesterday's gains above $17.5k. In that case, buyers can load the dips, targeting $18.5k or better. The liquidation in lower timeframes may cancel the uptrend, slowing down buyers. Subsequently, BTC may drop lower due to subsiding upsides. Still, if BTC remains above $16.5k, buyers stand a chance. What to Expect from #BTC? Buyers are confident that the bear run is over. Nonetheless, for trend definition, there must be substantial gains above $17.5k and $18.5k in the near term. If the surge confirms the gains of January 9, BTC may float to $18.5k and even $20k in the coming weeks. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin Analysis 09.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
by basictradingtv
21
Bitcoin – more pump, but crash will be anyway!Hello, everyone! Last time I told you that we can anticipate another one leg up before the dump, I have even placed short limit order at $17080 . Today market gave me the lesson that it’s alive and we shouldn’t place the limit orders. When we place it we trade our convctions and desires instead of market. This is the violation of rule which Bill Williams gave us. To be honest I forgot that I placed this order before the weekend. Market was not volatile and I was scared that the desired move is going to happen during sleep. The current pump was stronger than I supposed and it has changed the local wave’s structure, but overall forecast is the same. Let’s take a look at the 2h time frame of the WHITEBIT:BTCUSDT chart . I swiched to 2h from 1h because Bitcoin has printed more than 100-140 bars, which is needed for trading chaos approach. Wave 3 is obviously happening now becuase of the highest awesome oscillator value. The price hit exactly the extended wave 3 target of 2.61 Fibonacci extension. It means that market is ready for the corrective wave 4. I am going to fix the mistake I did and close position is the zero profit and open scalp long after that. When it will happen we have to wait for the last wave 5 to execute short trade. The target for the entry point shifted to $17450 approximately, but watch out the market and trade it, not the convictions. I will tell you my actions under this article. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
17
#Bitcoin Spins, BTC Traders Watching $17.5kPast Performance of Bitcoin Bitcoin prices continue to spin, per the formation in the daily chart. Even though market participants are hopeful, the path of least resistance remains southwards unless there are encouraging gains. As it is, buyers may edge above $17.5k with expanding volumes for trend definition. If not, sellers remain in control, weighing sellers in favor of buyers. #Bitcoin Technical Analysis The contraction of trading volumes and volatility is impacting price patterns. The daily chart has a squeeze forming, signaling flat-lining momentum. It is despite the higher highs relative to the lower BB following gains of January 6. As it is, buyers may take charge. However, this is only after there is confirmation. Conservative traders can wait for gains above $17.5k, confirming buyers of January 6 and December 20. If the breakout is with rising volumes, BTC may rally to $18.5k or better in the coming days. What to Expect from #BTC? Traders are confident of what lies ahead, hopeful the bear run is over. Nonetheless, this will mean nothing unless there are gains above immediate liquidation lines, confirming the spins of the past three days as accumulation. In the short term, the $17.5k and $18.5k levels are critical for BTC price action. Resistance level to watch out for: $17.5k Support level to watch out for: $16k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Bitcoin- Mini bull run in the first semester of 2023?The long-term trend for Bitcoin, in fact, for all the crypto market, is bearish, and there's no question about this, and, to be honest, I'm almost sure we will have new lows in the future( as sure you can be when it comes to markets). However, at this moment, I think we will have a rebound for a few months and, as there's no straight up in a bull trend, the same is no straight down in a bear one. In this post, I will explain my reasons for thinking this, both technically and using common sense, and share my current trade and risk management. Technically: At the beginning of November, Bitcoin has broken under important 18k support and reached 15500. After a retest of the broken support, BtcUsd fell again, but, instead of making a new low, made a higher low and started to consolidate again and even made a small double bottom in the past month or so. Now the neckline of this double bottom is broken (17k) and the target for this is towards 18k resistance. In the eventuality of a rise to 18k, 16300 is confirmed as a higher low and there is a high chance of a break back above 18k which would confirm a false break and a bear trap. This whole outcome could lead to further gains and my first target is 21k. Common sense: First of all, after the 18k break back in November, the drop lacked continuation, instead, we have consolidation and even a lot of bad news came from the crypto market Bitcoin stud still. Second... This "invitation" to sell on a stable market because all will drop is something I don't buy. Selling at 16-17k and rebuying it at 10k would be too simple. My Trade: I know there are a lot of "ifs" in my analysis, but if you traded long enough you know that, in fact, you should work with "ifs" and take a trade step by step. Only idiots have certainties(and know that Bitcoin will go to 1mil or 0, depending on the bias), intelligent people have doubts, I'm not an intelligent man, so I have stop loss...:) So.. here is my personal trade at this moment: Bought at 16700 in anticipation of a break above 17k (so far I'm correct) Stop loss is around 16k, but for the sake of round numbers, let's say 15700 Take profit, at this moment, is at 21k Considering a buy trade of 1Btc, the potential loss is 1000usd and the potential profit si 4k, this would mean 1:4 R: R which for me, as a speculator, is fabulous. As I said, a lot could happen, and if the price is breaking 18k and going towards 20k with buying power I even can aim for 25k and remove TP from 21k. Nevertheless, my potential loss for this trade is already counted for and now is the market's turn. Have a nice trading week! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21