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BTC Potential Continuation Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued. We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside. BULL MODE ON! If we reject, and so not close 12H inside teh white 100ma, we are likely to see hard reversal back into the 200s. If they break, I think we see price back in between 48k and 53k. (This scenario, ALTS get hit harder, and this accumulation phase continues for longer) ***NEW 9WEEK AND NEW 3DAY CANDLES MONDAY, WILL WATCH FOR REACTIONS THANKS FOR YOUR TIME!! PLEASE LIKE FOLLOW AND SHARE!!! NOT FINANCIAL ADVICE, JUST MY 2CENTS!!
INDEX:BTCUSD
by Cosmicbag
Bitcoin important level, follow the Dollar Index.13:10UTC FOMCSubscribe and get a free Bitcoin and Ethereum trading strategy every day Today I expect increased volatility in the market at 13:10 UTC Powell FOMC speaks, as always the work of great manipulators may be the S&P 500 index showed a little buying power yesterday, but you should not relax, I also recommend working from a small risk. Now we will discuss with you an important level in bitcoin. And so today also consider both scenarios for both bulls and bears. Bulls For a local upward exit, Bitcoin needs to consolidate above the 19550 zone and trade there, the main local resistance level is 19400, but I don’t want to take a short position from it. Expect the result of Powell's performance at 13:10UTC Bears Today, after Powell's speech, anything can happen, a sharp drop in volumes with confirmation on TF 1H will give me a signal to trade SHORT positions on the breakdown of the local loy. Such a scenario for today, stick to your theory, have a short stop order. Good luck
by Anton_t_t_t_eng
BITCOIN is looking prepped and ready for a relief rally! Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week. I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and bulls will be looking for a continuation of the reversal upside. All of the lines you can see are a mix of Fibonacci Speed Resistance fans, micro and macro trend. Enjoy!
BITSTAMP:BTCUSDLong
by JamesSpindler
1
Understanding 2022's Relation to the 2024 Bitcoin HalvingUnderstanding 2022's Relation to the 2024 Bitcoin Halving January 15, 2022 Current Bitcoin Price: $43k CRYPTOCAP:TOTAL $2.074T Bitcoin's Halving Cycle As I've mentioned since 2017, BTC halving events are fascinating - many know the past events have started with a trend low roughly 2.5Y prior, and finish approx. 1.5y at a new ATH. That trend seems to be holding true in 2022, in its relation to the 2020 halving event as we start to prepare for the event in 2024 that now lies ahead. While this post does not dive into the skepticism surrounding the BTC Halving events as valid events for analysis, note that I will comment on the fact these trends are yet to be proven as obsolete. Mining represents the demand for bitcoin globally, and the increase of scarcity drives the demand for more supply upwards and hence price action results in a slingshot upwards. Also, know that until we experience an event that is different, the following is true: Bitcoin price at the next halving event is always around 60% of the then ATH, and on its way up towards that ATH before slingshotting above for the year and a half after. About the BTC Halving In summary (for those who don't know) - Bitcoin halving events are when the rewards for mining Bitcoin transactions are cut in half. In theory this is a counter-measure taken to inflation, keeping price representative of 1BTC now = 1BTC later (as opposed to $1 USD now = $0.94 later etc.) The network cuts these rewards in half every 4 years and each 1.5 year period thereafter has seemingly provided a pricing 'boom' of sorts in which the bubble re-inflates as the price skyrockets in our fiat values. The first event was in 2012, then 2016 and 2020. There are consistencies and trends in price action that have emerged through these events. Any price estimations for these halving events are purely skeptical, but worth noting the similarities in them, as orders around these levels seem to fill each time and be in the approximate 'bottom' for the ensuing bull run. Expectations for Price Action 2022 Entry Levels If setting a buy in 2010 at $0.30 would have been considered a low bid, and the same for $300 in 2014 and another for $3000 in 2018, then strategically speaking, setting a buy at the $30k level for 2022 to fill for the halving event in 2024 would be both strategic and realistic. 2024 Halving Expectations As with every other halving on record, I'd expect the price of BTC in March 2024 to be at the current all time high of $69k. This is consistent with what we've seen in each of the previous three in which we see price reclaiming the-then ATH before continuing upwards in price discovery to its future ATH. 2025 Exit Levels If we hypothetically enter a bitcoin long in 2022 between $30k-$35k, and the same trend continues to be at $50k/$55k by March 2024, then expect by end of 2025 to be taking profits if you hold the same trade open (i'm sure nobody will, i'm speaking to a hypothetical scenario of course). Cheers 🍻
INDEX:BTCUSDLong
by kingthies
3
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price. As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally! Why then is that? Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping. Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone. We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then? Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled. If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there. As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now. With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
NASDAQ:MARALong
by LongLifeTrading
1
BTC/USD Wyckoff Accumulation?Could we be in the midst of a Wyckoff Basic Scheme of Accumulation #1 on BTC/USD? One should take note that with how the institutions have been vocally entering Bitcoin, the way the crypto charting and trading game is played is changing. BTC may well have started becoming more classically "textbook" and less sporadic in its cycles. If this is the case I would say this Wyckoff Basic Scheme of Accumulation #1 here would very well be a strategy larger tradfi players are now using to attempt to shake out retail or those less experienced than them to accumulate as much BTC and profit as possible before Bitcoin (dare I say?) inevitably begins its move upwards again. It will be interesting to see if this theory has any substance to it. Let me know if you have any questions here so we may both continue our learning processes and help each other grow!
BITSTAMP:BTCUSD
by Hrempe
7
Bitcoin Bulls Prepare To Retake MomentumAll bearish waves have been invalidated from my perspective. Bitcoin Bulls seem to have their targets set on $45K and then ultimately $47K to finish Wave 1 of the 5th Wave for Bitcoin's all-time, Wave 3 supercycle. With Wave 1 being a diagonal, Wave 2 should retrace nearly 80% of Wave 1 and send us back to $32K. Just when the fear re-emerges, Bulls will take off and leave doubters at the base station. Houston, there's no problems here.
BITFINEX:BTCUSDLong
by DigitalSurfTrading
2
shake off then take offif you trust in cycles that i have , you know the path no one could stop weaker bitcoin and now bitcoin is strong . every cycle have its own rules that we study some of them on twitter and some here retesting 1.618 fib wich we had was a takeoff place in last cycles ( checkout last ideas ) but i belive whales dont want much people on board so the try to shake you off for one last time . we cant say bull cycle is over for now by some metrics so i expect shake off and then fast recovery to 0.7 fib level RSI may have one more dip then bearish trendline break upside correction was very strong and bears power will reduce , market is in fear now for long period , and do not forget fear and greed works
BITFINEX:BTCUSD
by mastershark
22
Bitcoin going according to plan!Hi Guys Please check out my previous idea about the potential path Bitcoin is heading, in that idea I've outlined as many others have that this is a Wyckoff Accumulation / Reaccumulation (WAR). In this idea I want to recap exactly why this is happening and what you can expect. Why is Bitcoin heading down? First off Bitcoin can change direction within a moments time but if it continues here's why; Bitcoin is being pressed down in order to complete exhaust supply from panic sellers, this supply gets absorbed by the large operators resulting in retail investors unwittingly handing over their highly valuable asset (in this case Bitcoin) to the Institutional Investors. In my last idea I noted the volume was still high in the last dump to $28,805, this suggests to the Institutional Investors that their still could be panic sellers out their to absorb from; like a greedy eater, not only do they eat every crumb from their plate, they also lick the plate clean, this is the final phase of the WAR, to asses the plate and consume every last scrap remaining. Low volume on the final dump confirms that the panic sellers are facing extinction, at this point the green light is shown and the advance out of this price pit commences. If this proceeds in this way we can expect the price to revisit 29k, if not very briefly touching below 30k, this will capture the panic sellers and confirm maximum absorption is achieved. Conclussion From a Bull's perspective it's never good to see the price fall, however if this is a planned pattern then we can actually preempt and expect it. IMO this is an incredible opportunity to accumulate and if not possible Hodl knowing this is a massive Bear Trap and great things are just around the corner. What do you guys think, would love to hear your thoughts? *Disclaimer, this is not financial advice, please do not invest your money based on my opinion, thank you.
Long
by cmpkpersonal
5
Is Bitcoin due one final test before true uptrend resumes?Disclaimer: Not financial advice just my humble opinion, please do your own research before investing your money. Let's go. INTRO The main idea behind the Wyckoff Accumulation or Reaccumulation let's call it WAR for short is for "Smart money" (SM) or massive financial powerhouses to absorb the asset from "Dumb Money" (DM) or Small amateur investors (you and me). So how can us simple folks outsmart the big guns, we can learn their play book. Now the main mechanism behind the WAR is to maximize selling from DM so that SM can absorb it. The dumps at the bottom of the trading range are all from DM's panic selling. CHART OVERVIEW If we look at volume we can see their has been a drop off in selling supply from the first dump on the 19th.May.21 to the second dump on the 22nd.June.21, this represents a 42% drop in volume, however volume still remains high, if we look back in January 2021 we can see there were three significant dumps in the WAR at that time, the first was a 43% drop in volume (very similar to what we've just experienced) and the last was a 62% drop in volume (from the first dump). ANALYSIS The final test of the bottom is usually a low volume drop because this represents selling exhaustion, that most of the DM that would sell have finally sold, at this point the WAR reaches it's end point and price breaks through from it's manufactured box. CONCLUSION There's a 50% retracement from the upthrust to the second dump that occurred on the January 2021 WAR (See chart); this could be the point we see a final, low volume dump (lower than the first dump but higher than the second dump) before we take off skywards. What do you guys think? Please leave your comments below, appreciate you guys taking the time to read this.
Long
by cmpkpersonal
Bitcoin $BTCUSDC Target PTs 80,000-95,000Market Wrap: Bitcoin Near $60K as Coinbase Listing Stirs Fresh Crypto Hype Bitcoin (BTC) trading around $60,120.82 as of 20:00 UTC (4 p.m. ET). Climbing 0.68% over the previous 24 hours. Bitcoin’s 24-hour range: $59,428.21-$61,219.72 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin surged early Monday to a four-week high of $61,219.72. Analysts said the largest cryptocurrency might have gotten a boost from the hoopla surrounding U.S. exchange giant Coinbase’s coming direct stock listing Wednesday. In cryptocurrency circles, the “Coinbase effect” is when a digital token gets a price pump after getting listed on the cryptocurrency exchange. But bitcoin might get the benefit of a different type of “Coinbase effect” – if newbie investors, spurred by mainstream press coverage of the stock listing, decide to put money into cryptocurrencies. “The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets” means Wednesday’s direct listing might become “a key catalyst event,” Singapore-based crypto quant firm QCP Capital wrote Monday on its Telegram channel.
by BADQOMOCAWGOWLD
Bitcoin Cash $BCHUSD Target PTs 790-835 and higherBitcoin Cash needed to defend $668.5 support to avoid a breakdown from its 20-SMA. Meanwhile, Bitcoin was trading at $60,217 with a market capitalization of over 1.1 trillion. Bitcoin Cash needed to hold on to $668.5 support over the coming sessions to avoid a breakdown from its 20-SMA (red). Additional support areas lay at $629.6 and at $600 and these levels would be in focus in case of a southbound move. A bearish divergence on the MACD lent weight to a breakdown prediction. The Signal line even crossed above the MACD line as bears sought to control the market. The RSI pointed south from 52 and a dip below 40 could even see BCH lose out on the $600 level. A stronger region of support lay at $550 as it coincided with the 200-SMA (green), but a dip below this could be damaging for BCH’s mid-long term trajectory.
Long
by BADQOMOCAWGOWLD
1
BULLISH BITCOIN TO $68,000At this point bitcoin has proven that it shall not be tamed. Any smart short seller is keeping his money out unless he hates having it. Short term resistance expected at current levels of $55,800 OR She pushes straight through to $68,000 In anycase Bitcoin is coming for 68,000. the question is simply how long it takes to get there. At this point, Bitcoin's price is untethered to its utility as a currency. Or its potential as a store of value. All that matters right now is that people believe in it more than they understand it. But they don't need to understand it to buy it. And buying it makes the price explode. Support, Resistance and Targets given by fibbonacci extentions and previous price action.
BITSTAMP:BTCUSDLong
by akhena10fx