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Bitcoinanalysis

Bitcoin Deep analysis Lets analyz deeply In Bigger Picture we can Clearly See Btc consolidating In Descending Broadening Wedge (Its bulish Pattern) And if we look Closer Then we Have Descending Channel Too For bulish momentum Btc Needs to clear descending Channel,s Resistance (18800 to 19200) Then we Have Another Resistance Is In Between (20800 to 21300) Area Once Btc Cleared Trendline Resistance Then Expecting Bulish rally Iat Least For Midterm (Expecting Move towards 45k) Keep In Mind Btc will Remain in downtrend Until descending Broadening Wedge,s breakout In These analysis Ii discussed Technical Outlook according Price action)
Long
by Worldofchartsfx
1
#Bitcoin Volatility Taper, BTC is Above a 2-Month Support LevelPast Performance of Bitcoin Bitcoin prices closed in the year 2022 with evidently tapered volatility. That uneventful price action spilled over to 2023. At spot rates, BTC is bearish, steady in lower time frames, and sellers remain in charge as long as prices are below $17k. In the days ahead, traders can monitor price action and watch how prices react at immediate support and resistance lines. #Bitcoin Technical Analysis At spot rates, Bitcoin is bearish, as mentioned earlier. The immediate resistance line is at $17k, marking December 20 high. A solid push above $17.5k with expanding volumes may see the coin rally to $18k, confirming gains of late November. However, before then, traders should closely watch price action, checking how prices react at $16.5k. Any losses below this reaction line may trigger a sell-off that may see BTC drop toward $15.5k in a bear trend continuation level. What to Expect from #BTC? BTC is under pressure, but this can change if the current consolidation becomes an accumulation. As it is, the December 20 and November 30 bull bars are significant, marking immediate support and liquidation levels. How prices break out from the tight $300 range Bitcoin is currently stuck in would ultimately shape the near-time price action. 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 TA - Bottom and Next Cycle -> from 2023 to 2024 Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only for the year 2023 and 2024 about finding possible Bitcoin Bottom and the next counter move/next Top until next Halving. 1.The Tools I used for Analyzing: Various Patterns and channels Fibonacci retracement Volume Profile RSI, MFI and other indicators/oscillators. Observation1: As explained inside the chart, generally in trading, price moves in patterns whether it is triangle or parallel or cup shape or V-shape or zigzag or head and shoulders or any kind. Patterns get created in a concentric way one inside the other based on lower time frames to higher, in general if the price breakout or breakdown from one shape it will enter into other bigger shape/parent shape. Currently we are trading inside a smaller Descending triangle (Green) which in turn inside a bigger Descending triangle (Red). Price respects this Green Descending Triangle, so technically Bitcoin will not Breakdown, perhaps it keeps testing the bottom line. If Bitcoin Breakdown it will be a disaster, then we have to think about it. Conclusion1: I personally think 15473usd is the Bitcoin Bottom of the year 2023. Currently if Bitcoin puts another lower low, still it will be on the bottom line of this green Descending triangle (may be 14345usd, so mostly price will be above 14k). Observation2: RSI and MFI are cooling down and showing Bullish Divergences. Even other indicators like OBV and Stochastic made a slight Divergence. Not compulsory but these indications can invalidate/negate at any time if there is a forcible sell off, but as of now showing some good signals. Conclusion2: Technically due to Divergences created, soon Bitcoin may Breakout from this Descending Green Triangle and enter/start trading in the larger Red Triangle. After Breakout, there should be a counter move/rally and make until Fibonacci ratio at 0.618 level (roughly 50k) or at 0.5 level(42k). Finally, after rally Bitcoin puts a new lower low somewhere in the year 2024. (Since in a bigger picture Bitcoin is trading in a Red Descending Triangle so definitely it will test lower line of the triangle, so it will be lower low in 2024.) Please give a like and put a comment if u have any questions. Thank you, cheers.
INDEX:BTCUSDLong
by nmchary
21
#Bitcoin Broke Lower from a BB Squeeze, Resistance at $17kPast Performance of Bitcoin The Bitcoin consolidation in higher time frames is more pronounced. In the 4HR chart, prices broke lower early this week following a BB squeeze last week. However, there are hints of strength in the near term. Presently, prices are deviating from the lower BB, printing higher highs. Even so, the primary trend remains southwards, and bears remain in charge. #Bitcoin Technical Analysis BTC prices broke lower on December 22, with the resulting selloff forcing the coin to the spot rate. There are higher highs relative to the lower BB, signaling a possible drop in momentum. However, the primary trend is southwards, and the immediate support is around $16.5k. As it is, traders can wait for a clean breakout before committing, aware that losses below $16.5k may see BTC crash to $15.5k or worse. Conversely, any surge confirming yesterday's gains in the 4HR chart may prop buyers angling for a retest of $16.7k and $17k in the short term. What to Expect from #BTC? Prices are in consolidation, and the path of least resistance is southwards despite market-wide confidence. This preview will only change if BTC breaks above $17k and $17.5k at the back of high trading volumes. If not, the odds of BTC dropping to register new 2022 lows remain high. Buyers have not been able to claw back losses in the past month and quarter. 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
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