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Bitcoinanalysis

Insane short on Bitcoin this New Year!Hello, everyone! It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave. Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short. I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen. Best regards, Ivan! ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
7
#Bitcoin Fails to Shake-off Sellers, Will BTC Crumble to $15k?Past Performance of Bitcoin Bitcoin remains in a dull trade range characterized by drooping trading volumes and volatility. Even though there were welcomed ticks early this week, prices moved lower, suggesting firm traders and a bearish trend. Therefore, based on these factors, risk-off traders can look to offload on every attempt higher, targeting $16.5k or lower. The only time this preview can shift is when BTC breaks higher. #Bitcoin Technical Analysis BTC prices are consolidating at spot rates, capped on the upper side by $17k, flashing with the December 20 bar, and $16.5k on the lower end. The support coincides with the November 20 bull bar that's influential to the current formation. Even though buyers appear to be in charge, sellers have a firmer grip on price action. As mentioned earlier, a breakout below $16.5k may trigger a sell-off as bears angle for $15.5k or lower. However, bulls will be relieved should prices recover above $17k and, ideally, $18.5k. In that case, especially if the accompanying volumes are high, BTC may rally to $20k. If not, and sellers maintain control, the coin may slip to register new 2022 lows at $15k or worse. What to Expect from #BTC? The coin is in a precarious position, reading from price action in the daily chart. BTC is within a tight range in a bearish formation. Conservative traders can wait for a clean breakout in either direction before committing. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin is lower, BTC Bulls can rally if Prices soar above $17kPast Performance of Bitcoin Bitcoin is printing lower at spot rates, trading below $17k, and remains under pressure despite the tight consolidation of the past few days. Overall, sellers are in control, diffusing the upside momentum and crashing hopes bulls had. The primary support is at $16.5k, marking December 20 and November 30 lows. Losses beyond this level could trigger a massive sell-off in the short term. #Bitcoin Technical Analysis For roughly ten days, BTC prices moved inside a $260 range in a bullish formation, at least if the December 20 bull bar guides. Aggressive traders can continue unloading on every attempt higher. This preview will be valid if BTC is below $17k and $17.5k, two of the immediate resistance levels. In that case, the first target can be $16.5k. More profound losses may pave the road for $15.5k in the short term. However, if there are reversals from spot rates, price gains above $17.5k may see BTC rise to $18.5k, an opportunity for risk-off traders. It will be especially so if the accompanying trading volumes are comparatively high. What to Expect from #BTC? BTC is wavy and neutral at spot rates. From a top-down preview, sellers have the upper hand. However, all this could change should unexpected gains confirm buyers of December 20 and November 30. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin in a $260 Range, Will BTC Hold Above $16.5k?Past Performance of Bitcoin Bitcoin prices remain in range mode, reading from the performance in the daily chart. However, while a BB squeeze form and BTC consolidate inside a bull bar, at least from the past few trading days, bears remain incredibly in charge. Any attempt for higher prices has been met by resistance now that there is a bearish pin bar with a long upper wick suggesting liquidation. #Bitcoin Technical Analysis BTC prices are in a $260 range for the sixth straight day with a clear short and medium-term cap at $17.5k. Bears remain in control despite general confidence from traders. There is a BB squeeze and consolidation in the daily chart. Therefore, even though the December 20 bull bar shapes price action, conservative traders can wait for a clean breakout above $17k. Any surge in confirmation of the bull bar may see BTC float to $17.5k or better. Conversely, losses below $16.5k will cause panic across the board, possibly triggering a sell-off. What to Expect from #BTC? BTC prices continue to consolidate, and bears have the upper hand. Once there is a clear breakout, traders can post positions to ride the emerging trend. 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.
Short
by Bitcoin_Analyzer
Bitcoin in a Falling Wedge?Falling wedges can break either direction & are notorious both for faking out market participants AND for the speed at which the ultimate move goes. Should this pattern fill out a bit more so that it's crystal clear that it's a FW, here are the break out targets visualized. For breaks to the upside: ~$30,000 (macro resistance) ~$25,000 (highest high in the pattern) For breaks to the downside: ~$9,750 (1.618 extension of move) ~$5,250 (measured move) Armed with these targets, you should be able to begin formulating a plan. Again, markets tend to move VERY quickly once a breakout occurs. I often liken it so someone yelling FIRE in a crowded theater & everyone rushing for the exits at once. Those sidelined & off sides will react swiftly to close their positions (both manually or with stops). Margin cascades will occur fast and fierce. As is often the case during bear markets, LIMIT YOUR MARGIN USAGE!
BNC:BLX
by Crypt0Jack
BTC Price and Volume TrendHello, my Life with Crypto brothers and sisters. In this chart, I'm exploring the potential price movement of Bitcoin in the near term. As you can see, the BTC price reached an all-time high of $67,706 and began falling on November 11, 2021. It appears to have stopped falling on November 9, 2022, at $15,713. Looking at the volume trend lines, trading activity has fallen rapidly in the last month. This chart clearly shows there is less interest in trading BTC right now (at least on Coinbase). My humble opinion is that the price will continue moving sideways for the near term and will likely stay above the recent low on November 9, 2022. How long this sideways trend continues is unknown, but I am watching the charts closely.
COINBASE:BTCUSDLong
by Life_with_Crypto
BTCUSD Bitcoin : "Falling wedge" and what's next! 23.6Practicality, simplicity and logic. Lack of emotion in trading fused with the ability to see pure rational and logic is crucial. A classical reversal "falling wedge" is appearing on the chart with connecting lows and highs of the last close to 12 month of trading. The range of the wedge currently stands between 17,500 to 31,000. The more likely scenario is a resistance breakout and resume of upward trend, meaning current target and target to break is 31,000 for full on up-trend to be back and a new high within reach. This may take a lengthy period of time of weeks to months. The less likely scenario is a drop below 17,500 which could take Bitcoin back to 12,000 horizontal support stretching back to 2017. Bitcoin is capped to 21,000,000 coins and currently stands at 19,000,000. Once supply is capped , what is the endgame for Bitcoin? Today roughly 11% of the population holds crypto, once the percentage hits 50% , what do you think the price of Bitcoin would be considering no more coins can be mined? Recession, inflation and so forth give the Bitcoin potential to be huge. With descending trust in banking and conventional currency, which the last 2 years significantly exposed with trillions of USD printed, cheap endless credit globally and an overall aging monetary system. The short-term may prove to be low risk high reward territory. 17,500 immediate support, compared to 31,000 target - 20,000 at the moment of writing this. Trade with caution! -------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! I hope this proved to be useful, if so - I would appreciate a like and follow :) Any comments and questions are welcomed, looking forward to answer them all. I am not a financial advisor and encourage you to do your own research before trading. --------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
2
Bitcoin Technical Analysis 2022 - Based on OnBalanceVolumeHello every one, hope you all are doing good. This is not a financial Advice, crypto is very volatile and risky, so please do research by your own before doing trade. OBV OnBalanceVolume is one of important indicator to find the volume locations/movement of volume and the movement of the price. sometimes it's hard to find out the Divergences using RSI alone, stochastic oscillator and MFI is also one good indicator to identify the Divergences. Apart from RSI, MFI and stochastic, we can find divergence using OBV too. For example, as I mentioned in the chart, the Orange Box (from Jan 2015 to April 2016) the price action of Bitcoin was roughly from 200usd to 500usd but the OBV value is showing a huge "Divergences" roughly from just 3M to 23M perhaps the all-time high of OBV is 37M. So, most of the critical volume is inside this orange zone, so throughout the life cycle of Bitcoin this volume is playing a vital role until now. According to Wyckoff theory the market movers or market makers or so-called Composite Men (Orange Box) who buy cheaply and sell at high. Ok, let's come to point, this time am making this Bitcoin Analysis based on OBV to find the critical zones of volume and where we are at now throughout the Bitcoin Life Cycle. After deeply analyzing the OBV and drawing the trendlines and channels where the volume and price is respecting more, after the massive Breakout from the parallel channel (at orange zone), Orange zone is the actual/core accumulation zone of overall Bitcoin where the Composite Men accumulated buying very cheaply and keep Distributing till now and Distribute until the Bitcoin is reset. Final Conclusion1: After the massive Breakout from the Parallel channel, the Momentum of OBV is not drastically increasing but instead its Dropping steadily. From 2016-Breakout to until now 2022 the OBV value is ranging between roughly 25M to 38M (not huge difference), the momentum of going up is Dropped and Instead of Breakout from the channel it Brokedown in the current Bear Market 2022 this is something concerned of. So most likely the OBV will keep testing and testing the top of the channel and to my guess it keeps failing and failing same as the blue ascending triangle in the chart and don't know when but, at some point of time at least once, it should test the bottom of the parallel channel. (May be this test will be the Reset point for Bitcoin). Final Conclusion2: Currently there is a slight Divergence created in OBV as price falling and OBV is showing small uptrend. So most likely soon there will be a counter move in the upside direction and test the upper line of the parallel channel. (In most cases this kind of slight Divergences happens in corrective waves when the market is selling off (during Distribution phase) and forcibly divert the market to move in reverse direction). Please give a like and comment if you have any questions. Thank you.
BNC:BLX
by nmchary
1
#BTC/USDT $20k target if this happens!In our last chart, we predicted the $18.4k target. The price followed every single point. For now, the support remains around $17350. The price is likely to move higher from here. Possibly $20k. The second scenario is if we lose the $17k level, we are looking at a $15k target for the Bears. (Less likely) For the $20k target, the condition being BTC holds the $17.3k level which is also the invalidation point of our chart. Let us know what you think. Please show your support with your likes if you find my updates helpful. Thank you #PEACE
Long
by Cryptorphic
22
#Bitcoin Prices Spin, BTC Below $17.5k and $18.5k Sell BeltPast Performance of Bitcoin Bitcoin prices remain in range, visible in the daily chart. The tight consolidation of the past few days is now characteristic of this holidaying month. As it is, BTC is in a tight spin, down roughly 11 percent from December highs, and stuck in a bear formation with caps at $17.5k. The immediate trend is shaped by the bear bars of November 8 and 9, respectively. #Bitcoin Technical Analysis As long as prices are within the current formation, the path of least resistance is southwards. Despite the confidence of traders and general expectations of a bounce after a long, bearish year, sellers have the upper hand. In the immediate term, BTC may edge higher because prices are inside the bull bars of November 30 and December 20. However, for trend definition, prices must break above $17.5k, or December 20 highs, and ideally, $18.5k. On the reverse side, sharp losses forcing the coin below December 20 lows at $16.5k may trigger a sell-off, fast-tracking the dump to $15.5k or lower in a bear continuation formation. What to Expect from #BTC? The bullish engulfing bar of December 20 shapes the immediate term, explaining traders' confidence. Even so, a break above $17.5k may draw demand, allowing swing traders to set targets at $18.5k in the short term. Any other move may attract aggressive traders targeting 2022 lows. 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.
Short
by Bitcoin_Analyzer
Bitcoin Analysis 24.12.2022Hello 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:
by basictradingtv
12
Bitcoin Bull Flag 1HAs you can see we formed a symmetrical triangle on the 1H chart for Bitcoin and perfectly broke down by the height of the triangle. Following that we saw a v-shaped recovery and now we can see a bull flag is forming for BTC, and although bull flags have a higher probability of breaking to the upside, we saw a death cross on the 1H with the 50MA and 200MA. In conclusion, the volume that will come after Christmas will determine which direction we can break out, and the potential targets are shown on the chart above.
BITSTAMP:BTCUSD
by CryptoKidCMT
The Best Historical BTC BUY/SELL signalHistorically speaking, on a monthly chart of Bitcoin Index. Hidden Bullish divergence (H Bull) has always been printed at the market bottom and Bearish Divergence (Bear) when market tops. Looking at this chart you can see we're still waiting for it to print H Bull on monthly. I have been following this for the the market tops and bottom and this is not some "magical" indicator. It is the basic signal which has been used and tested through out the history of trading! I'll be updating when it will print the H Bull. Although, you don't need an indicator of this. Is is a very simple concept to learn and you can google but make sure I have seen a lot of false information out there as well. Also, the monthly momentum shown by red and green waves is still red which indicates selling pressure and no indication of Buying pressure yet. Looking at the most important part of trading, the Price Action. The next strong demand area is 13k to 9500, seem like BTC wants to go there. Let's move to Macro Economics, If you compare FED pivot with S&P500 or even DOT COM bubble. The indexes fell even more after the pivot and rn we're not even close. So, let's say even if FED pivot and interest rates starts to go down, still, the risk assets will down for a while before getting reversed.
INDEX:BTCUSDShort
by The3eyedFrog
5
#Bitcoin under Pressure, BTC Drops 10% from December HighsPast Performance of Bitcoin Bitcoin prices continue to consolidate in lower and higher time frames, sliding 10% from December highs. Even though buyers were expecting a strong close of the year, the path of least resistance is southwards. To demonstrate how cautious market participants are, traders must look at trading volumes. BTC trading volumes are 20 percent lower at spot rates than in early November. Prices are wavy as a result, with no definite trend direction. #Bitcoin Technical Analysis From the daily chart, traders are hopeful. Their sentiment, however, diverges with the immediate trend. Bulls have failed to build on gains posted on December 20. The bar might be wide-ranging and trading volumes above average. Still, the failure of traders to follow through means bulls didn't sustain the upside momentum. Therefore, while traders are bullish, every high below $17.5k is an unloading opportunity. There could be more losses if BTC breaches $16.5k and the November 30 bar. On the reverse side, gains above $17k might reinvigorate aggressive, risk-off bulls. Conservative traders must wait for a complete reversal of December 15 and 16 losses above $18.5k before loading the dips. What to Expect from #BTC? Traders are cautious, and prices are suffering at spot rates. As sentiment influences price action, traders can practice caution. This means until there is a decisive close above $18.5k or $15.5k, conservative traders can initiate positions, posting orders with the emerging trend. 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.
Short
by Bitcoin_Analyzer
1
#Bitcoin Consolidates Inside a $3k Range, BTC Traders ConfidentPast Performance of Bitcoin Bitcoin remains within a narrow trade range and barely added on December 21. As it is, buyers are in control in the short term. Accordingly, as long as prices are above $16.5k, aggressive traders can look to swing longs, aligning with gains of December 20. Even so, the primary trend remains southwards as long as BTC is below $17.5k. #Bitcoin Technical Analysis BTC prices are inside a broader $3k consolidation with caps at $18.5k and $15.5k on the lower end. Even though there are higher highs relative to the lower BB, buyers are yet to conclusively reverse the losses of earlier November. Therefore, the November 8 and 9 bearish engulfing bars define the current formation, placing sellers ahead. Aggressive may find entries, expecting more gains in the short term. However, losses below this week's lows may heap more pressure on BTC, triggering a sell-off back to $15.5k. What to Expect from #BTC? Traders are confident, expecting prices to recover after over 65 percent dips from November 2021 highs. In the days ahead, BTC may float towards November 9 highs at $18.5k if there is confirmation of gains posted on December 20. If not, BTC could crumble as the uncertain market offload the coin. 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.
Short
by Bitcoin_Analyzer
1
Bitcoin could rise above 20k in medium termBack at the beginning of November, Bitcoin has broken under important 18k zone support and had 2 or 3 spikes under 16k. The drop was expected, considering that it was the fourth month of consolidation before the break. However, the main crypto didn't continue to drop as low as one would expect and instead bounced back up from 16k. This for me is a bullish sign and a relief rally could come next. Technically, 16k offers support, and 18k and slightly above zone is resistance. In the eventuality of a new rise and test of this resistance, I expect a break above, and bulls could look for a rise to the next important level at around 21k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
4
Bitcoin TA from 2010 to 2022 - Based on previous Patterns/cyclesAs I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea. This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle. This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an idea based on correlation with DXY/Dollar. Before proceeding I will tell an interesting story " The Story of Zombie and chickens". A lazy zombie maintains the chicken farm, since chickens grow and breed faster so the numbers are keep growing n growing. Throughout the year zombie keeps eating chickens and he keeps growing bigger n bigger. Since the zombie is very lazy, he needs help and maintains a dog to look after all the chickens. As per now for every 4 years or so zombie gets seasonal disease and to get recover himself, he eats chickens in a massive number, not all though. Dog also keeps eating for his survival, but after all its dog, so when the dog gets older and unable to handle the chickens, zombie appoints a new young dog to take his place. The conclusion of this story is "Zombie never dies and keeps growing n growing, chickens are born kill and the dog keeps replaced by a new dog". Ok let's proceed with our Analysis. Different traders visualize the charts in different ways based on their own perception. Chart is the emotions of all traders, it's like map of treasures. I see many people use trend lines, Fibonacci, moving averages, Ichimoko or other technical indicators and many other. Even I use many of these, but for this am not using averages or Fibonacci or Ichimoko. Am using RSI and money flow index indicators and triangle pattern for this. 1.Explaining the Patterns or drawings which I created: Chart patterns in longer time frames, price moves in waves or some kind of curves rather than straight lines/trendlines. I made some concentric circles where the price is respecting more (basically support n resistances), that doesn't mean the price goes in a circular fashion and goes back to its origin - zero. Always trend breaks (upside or downside) so may be at some point of time it may break out this circular channel and form a new trend of circles. I created the triangle pattern in this way --> (A)previous ATH-> to ->(B)current ATH-> to ->(C)lowest bearish Point-> to -> Highest counter move). For each Bull of Bitcoin (with in 2yrs or so), it is forming a kind of symmetrical triangle with ABCD waves inside it. (Symmetrical Triangle pattern --> Breaking out of the pattern --> new Bull or new Triangle pattern again). 2.Observation and conclusion taken from the patterns: After deeply observing the previous 3 symmetrical triangles of Bitcoin-Green, Blue and Purple. I was wandering how to make the current pattern. The information I have is (previous ATH 20k (point A) + current ATH 70k (point B) + I took 15500(point C) as temporary Bottom. The conclusion is Green + Blue + Purple triangles are symmetrical in shape. (Symmetrical triangles are mostly bullish and breakout upside not compulsory though). But for the current cycle, bitcoin is making is Descending triangle. Descending triangle patterns are generally bullish as well as bearish depend on where they are created. (At the Bottom OR At top of the cycle). As of now it is at the top (so this means there are chances it may breakdown from this Descending triangle). What I observed is cycle after cycle the width of the triangles are increasing and the height is getting decreased, technically what does this mean? what I concluded is the move of going sideways is increasing and the momentum or motive of going up is diminishing/normalizing. (So, this means there are high chances Bitcoin may move less upside and may go sideways or down). One more thing I observed is after massive move/action of correction of every cycle (Bitcoin Bottom) there is counter move/reaction (Point D of the Triangle). Generally, the point "D" of every cycle is laying above the top edge of previous symmetrical triangle (the sky-blue horizontal arrow lines). (So based on the above observation I took the "D" point at 50k as counter move/reaction for current cycle/Descending triangle, also, it is coinciding with the concentric circles which I made). 3.Final Conclusion, studying the current Descending triangle (Red)/Probabilities: After over all study, this is my Personal Opinion: 1.Current correction is so massive with in short period of time, considering previous counter rallies and currently bullish Divergences formed in RSI + MFI taking into account, so high possibilities that there can be a counter rally up to 50k or more than that. 2.I don't think current low 15495 is Bottom for Bitcoin. May be temporary Bottom or it may go little lower than now creating 2 layers of bullish divergences in RSI (for temp Bottom). (Technically current pattern is Descending triangle, so high possibilities that Bitcoin may make lower low (another low may be 13780) after the counter rally. to my guess Bitcoin may put its lower low after the Halving). 4.Probabilities of next Bull/cycle: case1: After Bitcoin making lower low (may be 13.7k), this is the situation DO/DIE for Bitcoin. If Bitcoin manages to break out of this Descending triangle similar to previous moves, it can put a new ATH (for another decade Bitcoin may trade between 19k to 160k). case2: Since current pattern is Descending triangle, if Bitcoin fails to breakout from this channel, there are high probabilities that it will break down. If Bitcoin Breaks Down, most likely it will reset itself from over all cycle right from 2010. (This scenario can be same as my previous Elliott wave theory which I already shared.) Am sorry my Technical Analysis looks little complex; I hope I explained well. Thank you.
BNC:BLX
by nmchary
2