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Bitcoin - The newest Local UpdateHello Traders and Investors. I hope you are doing well. At this point, $17,200 to $17,600 is a strong resistance zone. The price has been accumulating for a very long time, volatility has dropped to historic lows, it means that a new strong price movement is coming soon. In which direction it will happen, it is difficult to say now. Anyway, the last fast fall of the price to the level of $12k would be the ideal culmination of this accumulation, after which we could already relax and enjoy the growth of the price to $32k. But also very bearish market sentiment and waiting for the $12k crowd suggests that it could be a trap. Locally, I see an area where there are many preconditions for opening a short trade. These include: - Sell Streak (my own crypto-indicator). Unfortunately, by Trading View rules I can't share my paid indicator for free, my ideas are blocked for that, I can only do it on twit$er (yeah, that's really stupid, I don't get it), so just trust me, it is there! - Imbalance Zone. - Extreme level. - 0.5 - 0.68 Fibonacci I will open a trade in this area! 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! 💚💚💚
Short
by Yaroslav_Krasko
9
Bitcoin - Short Term ReviewToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). Bitcoin price has been heading higher but it may meet resistance very soon as shown in the chart. Volume is low and RSI is headed towards resistance. I have been calling drops on BTC since November and December of 2021. Be careful. 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
1
Bitcoin – my insane short setup!Hello, everyone! Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because I am going to show you the sniper short entry on Bitcoin. Let’s go! We are using 15 min time frame of the WHITEBIT:BTCUSDT chart because we want to see the local picture. On the 1h BTC is printing wave 5 and now we have the purpose to catch the very top of the wave 5 inside the wave 5 of higher degree. Using our favorite awesome oscillator we found the the wave 3 top. It coincides with maximum AO value. Now the market is in boring wave 4 which has the most frequent target between 0.38 and 0.5 Fibonacci retracement. If you are intraday trader you can use this information to open scalp long. My purpose it to find the wave 5 top. First of all let’s take a look at the wave 3. It has almost reached the 2.62 Fibonacci extension. It means that it’s extended, that’s why wave 5 is going to be ordinary. Therefore wave 5 has two targets: $16983 if it’s trimmed, $17056 if it’s normal. How to define the trimmed wave 5 before it happened? To be honest I don’t know, it’s tricky task. I can only consider the underlying structure on 5 min time frame. Which trading plan do I have? I am going to place limit order at $17056 and if I will see the weakness next to the $16983 I change the entry level. I want to remind you that the target for this short at the $12-14k. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
19
Bitcoin TA-Bottom/Next Bull 2023 to 2027 - Final Thoughts Hello everyone, not a financial advice though, This chart analysis is the continuation of the below Bitcoin and DXY Analysis: After Detailed Analysis/Examination in all aspects and making different chart Analysis like Elliott Wave Theory/DXY/Volume/Indicators/Oscillators/Patterns I came to the conclusion with the current Bitcoin targets as somewhat realistic in my mind. In past When the macro trend of DXY is over and DXY is Bottomed - S&P500 is making Double Top and Two Lower Lows. So, Bitcoin is a new class of asset there is no previous macro trend of Bitcoin, since Bitcoin is looking Bearish in Yearly Candles wise, so, I feel Bitcoin may make two major Lower Highs and Two major Lower Lows My Targets: by Dec-2025 - In and around - 55600+. (I took according to 4 year cycle of Bitcoin) by Mar-2027 - In and around - 11800. (I considered 1 Year Bear cycle of Bitcoin) currently Jan2023 am thinking DXY is in topping process with sideways consolidation (whenever DXY consolidates and creating Bearish Divergence in RSI than Bitcoin is in Accumulation/Recovery phase). This is not yet confirmed but comparing to past history, something similar now. Like, share and comment is you have any questions. Thank you, Bitcoin Yearly Analysis:
TVC:DXYLong
by nmchary
2
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 53% BTC, 47% Cash. * The December US Employment Situation was released this morning , the Unemployment Rate is back down to 3.5% from 3.7% in November, while 223k Nonfarm Jobs were added (compared to 263k in November) and the Labor Force Participation Rate ticked up to 62.3% from 62.1% in November. These numbers hardly reflect an economy affected by higher central bank interest rates and will likely spur conversation regarding whether or not to go back to a 75bps rate hike (as opposed to 50bps) come February 1st. The Fed Minutes released yesterday reaffirmed that the Fed is committed to bringing down inflation, they don't see rates cuts in 2023, and that Russia and China both are still major factors of supply chain disruptions which will continue to reverberate through global markets until some resolution is found. In the report, notable changes are significant rises to consumer credit and decreases to commercial real estate construction and investing. December Global Manufacturing PMI released on 01/03 showed an accelerated decrease to 48.6 from 48.8 in November, influenced primarily by lower output from USA, China, Japan and Europe, and is now at a 30-month low. Among the countries which saw an expansion of output production, Russia and India were in the top 5 (BRICS). The latest GDPNow US Q4 GDP estimate (01/05) is 3.8% , down from 3.9% on 01/03. Cryptos, US Equities, US Equity Futures, 1-M and 2-M US Treasurys, Energy, Metals, Agriculture (Mixed), EURUSD, GBPUSD, JPYUSD, CNYUSD, NI225 and N100 are up. DXY, US Treasurys, VIX and HSI are down. Key Upcoming Dates: Next GDPNow US Q4 GDP estimate 01/10; US December CPI at 830am EST 01/12; UofM Preliminary Consumer Sentiment Index at 10am 01/13. * Price is currently trending up at ~$16800 as it continues to test the 50MA for the tenth consecutive session. Volume remains Moderate (moderate) and is on track to favor buyers in five out of the past six sessions; Price continues to trade within the second largest supply/demand zone. Parabolic SAR flips bullish at $17600, this margin is mildly bullish at the moment. RSI continues to trend sideways at 50 for the third consecutive session as it aims to retest the upper trendline of the descending channel from January 2021 at 57 as resistance. Stochastic remains bullish and is currently trending up at 97 as it approaches max top. MACD remains bullish for a fifth consecutive session and is currently trending up at -63; the next resistance is at 312 while the next support (minor) is at -232. ADX continues to trend down at 16 and is beginning to form a soft trough as Price continues to trade in range with a short term uptrend, this is bearish at the moment. If Price is able to break above the 50MA at $16800 and establish short-term support there, the next resistance is the local-high at ~$18600 as resistance before potentially testing $19417 resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (one close below) $16300.
COINBASE:BTCUSD
by dailytaguy
BTC Dominance Structure Today I leave you with a rather interesting comparative analysis, introducing the much-studied and used concept of market capitalization dominance, in our case of Bitcon versus the rest of the crypto market. The graph structured by TView gives us in this case a percentage of market dominance, that of Bitcoin against altcoins, ideal for establishing migrations from bitcoin to altcoins according to their profitability at certain times or vice versa. In general, it is well known that altcoins take a little longer than bitcoin to raise their prices, but when this happens they skyrocket above their profitability, in the case of falls it is similar but inversely if bitcoin falls the alts tend to have much larger falls. The comparison that we bring today with the graph in red shows us the concept of numerical dominance, without percentages, in this case the amount in the top 80 Cryptos that are in annual profitability above Bitcoin. A very interesting concept that we will develop further in further analysis. ------------------------------------------- Hoy os dejo un análisis comparativo bastante interesante, introduciendo el tan estudiado y usado concepto de dominancia de capitalización de mercado, en nuestro caso de Bitcon frente al resto del criptomercado. El gráfico estructurado por TView nos da en este caso un porcentaje de dominancia de mercado, el de Bitcoin frente a las altcoins, ideal para establecer migraciones de bitcoin a altcoins según su rentabilidad en ciertos momentos o viceversa. Por lo general es bien sabido que las altcoins tardan algo mas que bitcoin en levantar sus precios, pero cuando esto se da se disparan por encima de su rentabilidad, en el caso de las caídas es similar pero a la inversa si bitcoin cae las alts tienden a tener caidas mucho mayores. La comparación que traemos hoy con el gráfico en rojo nos muestra el concepto de dominancia numérica, sin porcentajes, en este caso la cantidad en el top 80 Cryptos que se encuentran en rentabilidad anual por encima de Bitcoin. Un concepto muy interesante que desarrollaremos más a fondo en nuevos análisis.
CRYPTOCAP:BTC.D
by AVNGL01
#Bitcoin Bulls Confident, Will buyers soak In Selling Pressure?Past Performance of Bitcoin Bitcoin prices are holding on pretty solidly in the daily chart. Presently, the coin is up eight percent from November lows and rejecting bear pressure. Even though the upside momentum fell in the second half of this week, there are signals of strength. For a clear definition, there must be gains above $17k. At the back of this must be rising trading volumes to indicate participation from traders. #Bitcoin Technical Analysis Broadly, from a top-down preview, BTC is within a bear flag and trending inside a rising wedge with decreasing volumes. It is considering the spike in trading activity in early November. Nonetheless, since BTC is up eight percent from November lows and holding on solidly inside the bull bar of December 20, there is hope for buyers. Aggressive traders can wait for a close above $17k before accumulating and riding the emerging trend traced to late December. Their target would be $17.5k, and on the upper end, $18.5k. On the flip side, price contractions below $16.5k may see BTC drop to $15.5k in the resumption of the selling pressure of early November. In that case, BTC could drop to as low as $12k. What to Expect from #BTC? Bitcoin is firm, as per the formation in the daily chart. However, before initiating positions, traders must wait for prices to clear immediate liquidation or support levels. After the losses of 2022, traders can best take a wait-and-see approach. 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
Will Bitcoin rise back above 20k in the start of 2023?In the past months, Bitcoin trading was boring, to say the least with the ranges becoming smaller and smaller. However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto. More, since mid-December BtcUsd formed a double bottom with confirmation above 17k. A break above this pattern could lead to a rise at 18k resistance and in the longer term, would confirm 16k as a higher low and Bitcoin could rise even to 21k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
25
Bitcoin Update - Some thoughts on the bigger picture for BitcoinEvening all, Full TA in the video as usual. Some notes: IF IN DOUBT ZOOM OUT as the saying goes! This is just an idea that we are looking at in group that i wanted to share. IMO i think decision time is near with regards to a possible further leg down or a break out of the pattern and continuation sideways for an extended period of time. Take a look at the video and add it as a possible scenario to your long term TA. This is not trading advice. Thanks for taking the time to watch the video. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSD
by BPOI
1
It seems that the Bulls are planning to attack $17,000Bitcoin has started its work today with strong upward momentum, and it seems that the Bulls are planning to attack $17,000. Bitcoin reacted positively the previous day by being supported in the $16,650 range. Bitcoin Dominance has broken both dynamic and static support and can now further decline after a pullback, and the trend can turn bearish in the 4-hour timeframe. Note that the RSI is above 50, and the price trades above the 100 hourly simple moving average. If Bitcoin can overcome the $16,800 resistance that it is currently struggling with, the serious resistance in front of it will be $17,000. Conversely, if it cannot stabilize its price above $16,800, the next major support is $16,680. With this support broken, the next key support in the $16,650 area is its next destination. We will update you with any important changes.
by MonoCoinSignal
38
#Bitcoin Bulls Rejecting Lower Prices; Will BTC Break $17k?Past Performance of Bitcoin Bitcoin started yesterday strongly, adding three percent, only to flatline in subsequent sessions. When writing, momentum is fading, slowing down the uptrend, and puncturing bulls' optimism. Technically, there could be room for buyers. However, for buyers to tighten their grip; there must be sharp gains above yesterday's consolidation, ideally above $17k. #Bitcoin Technical Analysis There is a bull bar in the daily chart. The problem is that there is a long upper wick suggesting rejection in lower time frames. Zooming into the 4HR chart, there are lower lows versus the upper BB, meaning weakness and low participation. The good news is that prices are within the bull bar printed in the Asian session, an indicator of resilience. Still, prices need to break above $17k, ideally with expanding volumes, should this optimistic preview take shape. What to Expect from #BTC? Buyers are hopeful though prices are in range, reading from trends in the daily chart. Sellers are in charge as long as prices are below $17k and $17.5k, but buyers stand a chance as long as they hold above $16.5k. 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 – last pump before crash!Hello, my dear friends! Last time I told you that Bitcoin should grow to $17200 before the crash. This pump is going to print wave C. Today we are going to consider the wave’s C underlying structure to reveal where the price can reverse. Let’s take a look at the 1h time frame on the WHITEBIT:BTCUSDT chart. I suppose that wave 3 has been finished becuase it has already reached the 1.61 Fibonacci extension level, the natural target. Moreover, the maximal Awesome Oscillator value corresponds to the wave 3 top. Now BTC is forming the wave 4. The most likely target for this wave has been already reached at the 0.38 Fibonacci retracement level. After a short sideways move I expect the last leg up in the wave 5 before the anticipated crash. Wave 5 has two targets. The conservative one is the $17070 , the positive one is $17245 . Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
21
Ultimate Technical Analysis of Bitcoin-Correlation-DXY/Dollar Hello everyone, hope you all are doing good. As I said I will be posting an idea how Bitcoin is corelated to DXY/Dollar, so in this am going to explain the S&P500+Bitcoin-->Correlation-->DXY/Dollar. Guys this is very important to understand so please check the chart carefully an if you have any questions, please do comment. DXY/Dollar: DXY/Dollar is the ultimate chart to understand the overall markets and analyze the Economy if it is healthy or unhealthy state. DXY/Dollar (Uptrend) in Macro/Long time frames--> (US economy is outperforming other big economies + Federal Reserve raising interest rates) Analyse DXY in Past (Macro uptrend/Bull(A)): -Overall DXY was moving in a massive Descending Triangle Pattern Which Breakout in Jan-2015. -DXY is in Parallel channel from the year 1988 to 2002. -I marked the Upper zones (roughly from 120 to 160) and Lower zones (roughly from 70 to 80). -In the past years 2000 to 2002 DXY was topped out reaching the peak at 120 and failed to breakout from the parallel channel forming a Bearish Divergence and dropped massively to 70. (While DXY is forming Bearish Divergence in RSI, S&P500 is topped out and slowly down Trending and S&P500 formed its 1st Lower Low) -And the momentum of DXY is downwards and keep falling and bottomed out at 70. (S&P500 slowed down its downtrend momentum forming a Bullish Divergence in RSI -> moved in Uptrend forming Double Top. -DXY (77 to 70 DXY made Bullish Divergence in RSI) is Bottomed and moved with high volatility in upside direction. (S&P500 fell massively forming its 2nd Lower Low). Analyse DXY (Macro uptrend/Bull(A)): The parallel channel from the year 1988 to 2002 --> is something similar to the current Parallel channel from 2007 to current (2022). Currently in 2022 DXY in smaller Time Frames formed only 1-layer of Bearish Divergence in RSI compared to past and it is complete. (But the overall Bearish Divergences is incomplete in longer Time Frames or incomplete in Multiple Layers of Divergence). Conclusion1: I see many people saying DXY is inversely corelated to stocks or Bitcoin, but after deeply analyzing the charts, in macro–Time Frames DXY is directly corelated to other markets (Bitcoin/S&p500), but in micro time frames DXY is inversely corelated (mainly when DXY is in high volatility in small Time Frames). What does this mean for Bitcoin? when high volatile move of DXY (upside/downside mainly after Divergences formed and in smaller Time Frames) -> Bitcoin is very high volatile(inversely). when DXY is in consolidation or moving sideways -> Bitcoin is in slow form of Uptrend. I found this interesting as: A. Real world Currencies (Dollar <-----> other currencies). B. Digital/Crypto Currencies (Bitcoin <----> other Alt coins/other crypto currencies) The working system of A is almost similar to B.A-system works based on economy, but I didn't get on what basis B works? may be how much money you put in. Conclusion2: Bitcoin is a new asset which was not there before 2000's, so we have to see what Bitcoin does as a new class asset. So, in the past when DXY has Bottomed at 70 -> S&p500 was in sideways for almost 8years with Double Top formation + Bottomed at 2nd Lower low. 1.Is DYX is in Topping process or already Topped or will it Breaksout from the Parallel channel? As per RSI there is no Divergences formed until now (Jan2023), so Topped or Topping process is not confirmed, but there are chances DXY will create higher highs. May Breakout also, for this to Analyse DXY need another 6 to 12months time to confirm for Breakout or Breakdown. 2.What will happen if DXY gets topped out during the year 2023 roughly at 120 or something? If this plays out, then history repeats, not exactly but something similar can happen like the past. for example, like S&P500 making Double Top formation, create Lower Lows and Bottoming at 2nd lower low. Bitcoin most probably can also create Double Top Or lower than 69K and 1st lower Low was in 2022-15500usd and 2nd lower Low can be formed in 2023. 3.What will happen if DXY will Breakout massively from the parallel channel to reach 150 or 160? If DXY Breakouts it forms a new trend, then in Macro Time Frames S&P500 and Bitcoin will be in Uptrend. Conclusion2: Actually, compared to past history, after DXY topped out forming Bearish Divergences after than S&P500 formed Bullish Divergences and put its 1st Lower Low. But currently (Jan2023) DXY did not topped out and did not form Bearish Divergences yet, but S&P500 formed Bullish Divergences (Is this 1st lower low for S&P500?). (Past and current XXX fractal). Final Thoughts Will DXY Breaksout to 150 or 160 mark or will it Breakdown to 70 or 80? For this to confirm DXY needs at least another 6 months duration from now, may be in Q3/Q4 we can get more data to confirm. Thanks a lot, please like, share and comment if you have any questions or thoughts, please follow me for more updates.
TVC:DXY
by nmchary
BTC Technical Analysis 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, it created a huge Bearish Orderblock ( Resistance area ), effective immediately, and reached the PoC (point of control at the level of 16550$ and has been consolidating since then. It is also important to mention that, Bullish Divergence in Volume has been forming since then in the Chart: Volume decreases steadily - Price making higher lows, hence Bulls are in control. Taking under consideration all these statements, let's get to it! As we can clearly observe on the chart, we retested the minor Orderblock at 16800$, and the price retraced to the PoC immediately! That's a good sign considering big moves tend to occur, after a huge period of consolidation. Planning forward, after retesting the lows at 16350$ in the forthcoming days, we expect price to move accordingly: Test the HUGE Orderblock at 17700$, Reject to the newly formed lowest resistance at 16800$ Retest the Bearish Orderblock Consolidate inside the area between 17700$ -18400$, building up capital for the next leg up Market makers move the Price to SL hunt area, liquidating retailers, and convincing them a leg down is on the rails. Price pumps breaking the OB and finally filling the Fair Value Gap Area around 19500$ - 20000$, building inner confidence to the retailers, indicating us a Reversal. TIP: Reversals do tend to occur, when everything indicated the opposite! Breaks all support areas and creates a new low below 15500$. Consequently after analyzing the technical perspective, we plan to move based on the above-mentioned! Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa. IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens.
Long
by Crypto_Queens_Official
BTCUSD LONG SELLBitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.
OANDA:BTCUSDShort
by Verifiedtrader07
BTCUSD weekly (04/01/2023)Happy New Year to all traders! I have been waiting for a while and accumulating for these purchase points in Bitcoin, here I leave you a new comparative analysis of the weekly BLX on a logarithmic scale together with the Bitcoin Logarithmic Curves and the Rainbow Price Chart. On this occasion, the purchase points with the highest historical profitability in BTC have been analyzed with various indicators: - 200MA hold or brief break - PA on a macro scale with very high pressure points -RSI touching the lower bands (all of them as minimums of the previous cycles) -BLGC the logarithmic curves in minima - BRPC maximum sales accumulation points In my opinion, I think we are facing the best buying opportunities, perhaps with the best point at 15k or around a few days ago. I am sure that the true BTC and Blockchain maximalists are taking action in these areas. A strong greeting and I wish you a wonderful year! ---------------------------- ¡Feliz año nuevo a todos los traders! Llevo tiempo esperando y acumulando para estos puntos de compra en Bitcoin, aquí les dejo un nuevo análisis comparativo del BLX semanal en escala logarítmica junto con las Curvas Logarítmicas de Bitcoin y el Rainbow Price Chart. En esta ocasión, Se han analizado los puntos de compra con mayor rentabilidad histórica en BTC con diversos indicadores: - 200MA espera o breve descanso - PA en escala macro con puntos de presión muy altos -RSI tocando las bandas inferiores (todos ellos como mínimos de los ciclos anteriores) -BLGC las curvas logarítmicas en mínimos -Puntos máximos de acumulación de ventas BRPC En mi opinión, creo que estamos ante las mejores oportunidades de compra, quizás con el mejor punto en 15k o hace unos días. Estoy seguro de que los verdaderos maximalistas de BTC y Blockchain están tomando medidas en estas áreas. Un fuerte saludo y les deseo un maravilloso año!
BNC:BLXLong
by AVNGL01
#Bitcoin Moving Sideways As Volatility Drops, Buy Trigger at $17Past Performance of Bitcoin Bitcoin's volatility continues to taper, per the formation in the daily chart. This development impacts trading activity, worsening sentiment, especially when bulls fail to convince market participants. Technically, the path of least resistance is southwards as bulls hang on, oscillating above primary support at $16.5k. It is crucial for buyers to close above $17k and reaffirm the confidence buyers had in prices in late December 2022. Briefly, prices spiked, but there was no follow-through. #Bitcoin Technical Analysis BTC prices are inside a tight trade range, moving horizontally with decreasing volumes. From the daily chart, buyers have support at $16.5k. Meanwhile, there must be a convincing close above $17k, or December 20 highs, for confirmation of the uptrend--a move that could possibly pumping prices. Since gains of early this week are yet to be confirmed, conservative traders can wait for trend definition. Any surge above $17k may spark demand. Conversely, losses below $16.5k will dampen sentiment, forcing BTC lower, aligning with sellers of early November 2022. What to Expect from #BTC? Prices are range bound. Overall, sellers are in charge, but this can change if there are gains above the current consolidation towards $17k and even $18.5k. 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 Up 2%, Bulls Must Clear $17k for Uptrend to be ValidPast Performance of Bitcoin Bitcoin is up roughly two percent from 2022 lows at press time. Amid this development, BTC remains bearish in the short term. This preview will only change once there are substantial gains above $17k and $17.5k. It will be a breakout above the immediate resistance levels. Ideally, this ought to be with rising trading volumes. If not, any contraction below $16.5k will pressure the coin. #Bitcoin Technical Analysis The coin is firm as of writing, following yesterday's gains. Day traders may look for entries to ride yesterday's bull bar if there is a spillover. However, swing traders can wait until there are clearer trends. A close above $17k and December 20 bar might be the beginning of another leg up toward $18.5k or better. On the more cautious side, losses below $16.5k and November 30 loss, puncturing yesterday's momentum, may slow the upside. In that case, BTC may drop even lower, registering a new multi-month low towards $12k. What to Expect from #BTC? Sellers are in control. Despite recent gains, there is little to write about BTC in the near term. Unless there are gains above $17.5k, bears are in control. An important liquidation line in the medium term is at $18.5k; bulls must reclaim this level for the uptrend to take shape. Resistance level to watch out for: $17k Support level to watch out for: $15.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin TA 2022 - Yearly Candle Pattern-LifeCycle Of Bitcoin.Hello everyone, hope you all are doing good. As I saw many people focusing on Yearly Candle patterns of Bitcoin, so I thought to make a Bitcoin Analysis and Observe it in a bigger perspective. This Bitcoin Analysis is not a financial advice, cryptocurrency market is highly volatile and highly risky, so please do research before trading. It's a New Year season, so I Wish everyone a Happy new year-2023 to you all. Please don't feel bad about me on my current Bitcoin Analysis, since chart speaks everything, am sorry to say but Bitcoin looks bad as of now, the trend is breaking down, If the current year candle-2022 closes above 29k than we are safe and can expect the continuation of trend in upside direction. No means it's a point of concern for every one of us. I also explained everything in the chart, please check it in detail. Thank you, and please like and share my idea/comment if you have any questions.
BNC:BLX
by nmchary
1
The Third Eye IntuitionAfter a significant amount of eyes peering at the previous "Second Thought" chart, my third eye recalibrated to a more accurate senario that also aligns with some significant dates and measures. A VERY LIKELY SENARIO 1. Four Hundred Fourty-One days ends a cycle in the eyes of W.D. Gann, and that puts us at 1-20-23 2. Using the Gann Star and placing the .5 at our most peculiar low reveals a larger time frame and also 1-20-23 bottom area. 3. The date will be 1-19-23, that our bottom first touches, then 1-20-23 it touches for a double bottom 4. That leaves us with 15th, 27th, 8th, and 20th to concern ourselves with as turn dates for other waves. 5. We also have ~14276, ~11592, ~9027 (bottom) to concern ourselves with.
BINANCE:BTCUSDShort
by CryptoWhether
4