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Bitcoinanalysis

#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
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