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Greyscale GBTC - After 1 Year (Update)Today you can review the technical analysis idea on a 1M linear scale chart for Grayscale Bitcoin Trust (GBTC). GBTC has been falling significantly and it does not look good for the firm. Though they hold a significant amount of BTC, the discount is close to 50% and climbing resulting in the value of the Bitcoin held under $10,000 in the trust. This is a mega concern! My first warning on GBTC was on NOVEMBER 16, 2021 when the price was near $50. It has lost close to 85% of the value since my warning. Now I am concerned that the price will continue to go lower, possibly even back down to under $2 where it was trading in 2017. There is a possible support near $5 but if that breaks, it will be really concerning. 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
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by MillionaireEconomics
6
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
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 $17245 . Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
21
Bitcoin, the best short scenario!Hello Traders and Investors. I hope you are doing well. On the BTC chart, I marked an area where there are many preconditions for opening a short #trade. There are: - Sell band (my own crypto indicator) Unfortunately, according to Trading View rules I can't share my paid indicator for free, my ideas are blocked for that (yes that's very dumb, I don't understand it), so just trust me, it is there, I have roughly indicated what it looks like! - Imbalance zone - Extremum level - 0.5 - 0.68 Fibonacci I will be open a trade in this area! All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Short
by Yaroslav_Krasko
BTC Technical Analysis 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, 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
BTC WEEKLY - 12.5K$ - 10K$BTC - WEEKLY - SHORT - SWING IDEA This is my current zone where I would like to see BTC in the next few months. According to the cycle that is going on in BTC thanks to its halving, in my opinion and the prediction of my technical analysis of the price action, we could get in this zone in the currently ongoing bear market, accumulate considerable strength and create a new structure for the upcoming uptrend cycle TRADING has its main rules of success but laid out clearly, we cannot trade what we would like to see but what we currently see. That's why I would like to slowly start accumulating mainly BTC and ETH together with you in the next few weeks to months This market is extremely unpredictable, especially in the phase of the bear cycle, so I will reduce the risk by allocating the largest part of the capital to BTC, which statistically loses the least in a bear market. Because I don't want to catch the complete or exact bottom. I will continuously send buying orders for approximately 5-10% of the portfolio for a longer period of time We will definitely cover altcion trading in USDT. At the moment, buying smaller altcoins for a longer period of time seems to me mainly from the point of view of cyclicality, currently still very risky At a later stage we will focus on Bitcoin dominance and watch ALTCOIN SEASONS. These market phases will allow us to earn the most, move capital from BTC to smaller coins for high appreciation in a fairly short time SEE YOU SOON
BYBIT:BTCUSD.PShort
by Crypto-Frantisek
17
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
#2023- ACCUMULATE, #2024- RIDE. Here's my Plan!!BTC has been trading under the same range for the last 9 months. Traders are bored nad many are leaving. I will share my plan in very short for 2023 and how I am preparing for the next BULL RUN! History doesn't repeat but it often rhymes. This time many geopolitical and fundamental situations have hindered Bitcoin's price developments. THIS IS MY OBSERVATION AND PLAN! 1. BTC is likely to move under the range of $16k to $30k for the next 17 months. 2. You'll see 40%+ month;y candles too. 3. The damage has already been made so even if BTC makes a new bottom it will be somewhere between $11634 to $13860. IMHO, It will be the opportunity of a lifetime. 4. December month has been very important for Bitcoin's price developments. As per the above chart, THE ACCUMULATION PHASE HAS BEGUN! 5. This is not the time to be a BEAR, but Rather be a practical trader, and think like an investor. 6. MY Plan is to accumulate BTC as much as I can from my other investments and passive sources. 7. Trade on Futures with less than 5% capital for frequent market updates and charts. 8. BTC is likely to hit $30k + by May 2024 before it finally takes off. 9. For 2023 I see BTC reaching 30k by EOY even if we hit $11k! (Decent target) 10. Good thing you have a lot of time to accumulate BTC at sub 20k! 11. This is a filtration process make sure you are positioned. WHAT DO YOU THINK? Do let me know your thoughts! Thanks for all your support throughout 2022. Expecting the same in 2023. I wish you all and your families a very happy and prosperous new year. Also do not forget to hit the like button. #PEACE
BITFINEX:BTCUSDLong
by Cryptorphic
13
Bitcoin will crash exactly at this level!Hello, traders! Last time I made an analysis on Bitcoin where I told about the imminent pump to collect the stop-losses of the short traders. Now it looks like the Bitcoin is following my plan and today we have the information which can help us to dive more accurate target. Let’s take a look at the 4h time frame on the WHITEBIT:BTCUSDT chart. I want to briefly remind you my main idea. We had 5 waves cycle to the downside as a wave 1 of the higher degree. Now BTC is printing the corrective wave 2, which is represented as a zigzag ABC. Waves A and B have been finised. The wave C now is in progress. In general Bitcoin wants to grow to $17200 to fulfill at least the 50% of the imbalance candle. This target acts as a magnet for the market maker. Moreover, this area is located just above the bright local highs, which means that a lot of stop-losses are hidden there. We can also look at the underlying structure of the froming wave C. I suppose that Bitcoin have already formed the waves 1 and 2 and we are waiting for the wave 3 finish. This local wave has 2 targets. The conservative one has been already reached at $16756 which is 1 Fibonacci extension. We can now see the reaction, but I think price will reach the $16940 as the wave 3 most likely target. Anyway the entire wave C should touch $17200 before the huge crash. Follow the updated to this idea where I am going to consider the Elliott waves on the 15 min time frame. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
19
BTCUSD January 2023 Volatility Analysis BTCUSD January 2023 Volatility Analysis Currently the volatility for BTC is at 14.38%, up from 13.56% last month. From the volatility current percentile we are located on 91th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 9.975% Bearish : 20.186% With this in mind we have currently 88.9% that the market is going to stay within the next channel TOP Limit: 18781 BOT Limit: 14275 If we are going to take a look into the previous monthly high and low points, currently there is a : 35.71% to hit the previous monthly high 50.8% to hit the previous monthly low Lastly from the technical analysis point of view, currently Weekly Timeframe : 80% of rating moving averages is indicating BEARISH Monthly Timeframe : 61.54% of rating moving averages is indicating BEARISH
INDEX:BTCUSD
by exlux
BTC Maintains Sideways Movement! HAPPY NEW YEAR!!!! On the BTC 4hr chart, we can still it's still stuck in its range between 16.7k and 16.3k. There's massive resistance above 16.7k from the 3 EMAs (50, 100, 200) and the horizontal resistance at 16.7k and 17.3k. Right now I'm waiting for it to approach the 16.3k level to long or the 16.7k or 17.3k levels to short. The MACD is still curving to the upside which is bullish but RSI has lost steam (conflicting signals), therefore we're getting a lot of chop. If you enjoyed my TA, please send a boost my way and leave a comment below :)
Short
by CryptoScripts
3
Bitcoin: Bullish divergence on weekly rsiBitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel. The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways: 1: making a lower low on the price, while making an higher high on the rsi 2: makinga a double bottom on the price, while making an higher high on the rsi
COINBASE:BTCUSDEducation
by FetchTeam