#Bitcoin - thoughts out loud #7Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
Why long?
As we discussed in the previous opinion, we saw how the price followed the stop loss.
At this stage of the situation, professional operators need to lock in profits and buy the asset at more favorable prices to continue moving up. Due to the stop losses, retail traders fill buy orders and it is possible to re-enter the position for further upward movement, because we need fuel to move further. But there is one thing: if there is not enough demand in this range and professional operators are not interested in continuing to move up, we will most likely see a depreciation of the asset.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoinmarkets
Evening trading at profit taking.Market participants take profits and close positions due to stop orders from weak market participants.
Warning, you need to be prepared for a false breakout of local highs.
If you have any questions, leave them in the comments and I will be happy to answer them.
Good luck to everyone and enjoy the trend!
#Bitcoin - thoughts out loud #8Good afternoon, dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
After yesterday's impulsive movement, I expect the price of the asset to rise further. Yesterday, we witnessed professional operators testing the strength of the buyer, which was followed by an impulse movement. Today, the area of interest is 21600 - 21700 for further upward movement. But this is not the final price, it may fall even lower, because everything I write here is my subjective opinion, as the market will settle everything by itself, because the market is always right.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoin just hit a massive BUY signal to $23,643Cup and Handle has formed on Bitcoin.
We have finally had the break above the brim level.
Now that the buyers and demand are streaming in we can expect upside.
7>21 Price >200 - Bullish
RSI>70
Target 23,643
FUNDAMENTALS
There seems to be a strong correlation for when the Global markets rally, Bitcoin tend to follow. I don't know if it's because they are so tied up in central businesses and with the government, but I can make some assumptions why:
Increased Investor Confidence
When global markets are performing well, investors tend to have more confidence in the economy and, in turn, more confidence in investing in various assets, including Bitcoin.
This can lead to an increase in demand for Bitcoin, which can drive its price up.
Increased Institutional Investment
We also tend to see institutional investors becoming more interested in alternative investments like Bitcoin.
Strengthening of the US Dollar
When global markets perform well, investors may move their money into the US dollar, which can drive up its value.
As Bitcoin is often traded against the US dollar, a strengthening dollar can lead to an increase in the price of Bitcoin.
Similar to the gold standard, there is some effect with the Bitcoin US dollar standard.
Better Economic Activity
When global markets go up, it tells us that there is strong economic activtity which is picking up GDP and consumer and producer spending.
This extra money that investors have will then go to investments like Bitcoin, which will help with the increase in demand and price.
Trusting the big boys
Last year was a confidence destroyer with crypto currencies. We had companies failing, becoming bankrupt and price heading to zero. People lost billions of dollars and now they have no idea who to trust...
When it doubt, buy Bitcoin I guess.
When there's trouble in the crypto market who are you gonna call?
#BTC/USDT Quick Update + Trade Plan.#BTC:- Moving nice and slow to our target, the green box.
It's already up 4.5%, expecting our 7% Target to hit in the next 48 hours.
What do you think will happen when the price reaches that resistance?
I will update my next chart as per the price action.
Will analyze the chart accordingly.
For now, It's better not to FOMO into Alts and wait for some red (Likely this weekend).
Take profits, Stay cautious.
Just my 2 cents, always DYOR.
Do hit the like button to support my work.
Thank you
#PEACE
Bitcoin jebaiting longs before crashBitcoin trying to jebait more longers with its new extreme before dumps on the bulls and destroys the bull hopium once in for all
BTC/3H ,`still in the rising wedge`
Personally looking for a possible short from ~22600 to ~22900 or around ~21800 if it bleeds there does a bearish retest
Please Comment,Boost,Share. Really motivates me to do more.really does!!!
With CPI numbers being out and not looking for btc exited the top of the rising wedge but failed to hold it after retest , now we are inside it again and we could easily go down to the bottom of the wedge and then break down from there after a successfull retest ~21800
We could also hit ~22900 and then go down from there which is less likely to happen due to the weakness of bitcoin
Thanks for watching
BTC ABOVE 23k AREA4h - 12h - 1D TF
Im hold LONG for now.
why?
btc 4h still retrace on ascending broadening.
retrace with falling wedge and breakout with double bottom after CPI.
and now 12h is double bottom retracement. bounce from here, next target is 22.8K
overall is bull pattern. and im HOLD LONG!
but if break above 21.9K btc will play around new zone (20k is dip)
but still LONG!
#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
BTC SHORT TERM INTRADAY IDEABTC OUTLOOK
Due to bullish exhaustion at monthly resistance at 24k , i do expect BTC to have a minor retracement as we are in right now. We have CPI data to be released tmrw and my take on CPI is that we might still get high inflation due to how strong the labour market was last month. This would break down pivot prayers and would cause short term dollar strength which in turn could give us a dip across all risk assets in this case BTC. I am still bullish for a few months to come but will wait for the dip to happen before entering longs on BTC.
Set buy limit orders on BTC @
20250
19200
Take profits will be 24000
BITCOIN LONG 20230213Signal: Blue, Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Bitcoin outlookLast idea playing out, nice initial reaction at the 886.
Would expect a pullback soon, a lot of liquidity and imbalances to be potentially filled.
If we lose 21k, it's gonna be a staight path to 16-18k.
Still bearish onthe macro, 2023 doesnt't look greatfor economy overall, don't think crypto will be different.
Bitcoin -> Be Ready For The Next MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Bitcoin just recently had a massive 50% pump towards the upside without any noticable correction.
Therefore, it was quite expected that we will at least have a short term retracement, which the market is currently providing. However since we are now testing previous weekly resistance, turned support, I do expect the continuation towards the upside from here.
On the daily timeframe we can see the same picture, the market is about to retest a previous daily resistance zone; I am now just waiting for a deeper retracement before I do expect the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈
Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''.
We notice in the picture a difference between the price on the chart and the '' RSI '' indicator,
So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉
Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️
⚠ You must wait for a signal or entry sign in order to buy bitcoins.
#BTC/USDT Important Update! Read this If you are in RED now!Got almost 47 DMs today from people asking for advice, I can't do that.
You were warned to take profits a few days back.
You were warned to stay in the stables.
Not trying. to brag here but every single chart has been dead accurate this year.
Do you know why? Because I have been wrong a thousand times and I know I will be wrong in the future too but the last 5 weeks have been wild.
If you are on the losing side now.
Note down your mistakes.
Do not repeat that again.
You can't survive this game if you don't learn.
No one can save you, not me not anyone else. IT'S JUST YOU AND YOU ONLY.
The alpha that I provide has been unmatchable since 2019. Use it at your own convenience but listen to your instincts.
Coming back to the chart the lower support levels are:- $21200, $20400, and $19800.
I am personally mostly in USDT and BTC (long term).
Will be laddering into Altcoins and BTC when I see some positive signs.
The upcoming weekly close will be important
If I was you I would look for opportunities in the market when I see divergences everywhere in important time frames.
I will post those charts in Free channels above all my social media platforms. (Link in bio)
Follow me to stay Updated.
Stay tuned,
I work hard to post these updates no matter where I am I try to deliver these on time.
Do support with your likes and share it with your friends.
Thank you
#PEACE
BTC -Bearish Expansion Triangle PatternBitcoin as per 4hr. #TA at #KuCoin
At Present #Bitcoin moving as per #BearishExpansion #TrianglePattern, and BTC will be soon at $22.5k to $21.5k Zone, while February Lower Divergence target is $20.5k... Just wait n watch, but not take big risk on long term future tradings...
BTC/USDT RANGE PLAY HTF #BTCHere's my idea on the current price action of BTC and possible target if it were to break either way:
Downside:
- If BTC fails to hold the $22500 region then I suspect the price will fall, take out the inefficiency of the pump and hit the mid-range marked out.
- Possible signs of a deviation
- Bulls running out of steam
Upside:
- If BTC can reclaim the 0.75 region then the range high is a possibility
- I would be careful placing longs in this area, Keep a tight stop loss and cut soon if it breaks below
BTC little bit to the upside before major move to downsideHello.
In todays analysis I checked BTC and its liqudiation cluster.talked about SPX and dxy and how they are correlated to btc
I think btc might move a bit higher resulting in a new extreme before comin back down to form lower lows and possibly losing 20k in this week
I am open to suggestions
Thanks for watching
THE BULL RUN, MILLIONS WILL MISS.The chart prints are never a mistake, it is for our learning and direction. BTC to 10k is not happening, don't miss this opportunity to buy when millions will be thinking a little retrace is taking BTC to 10k...Be wise the chart is the only chat you need to interact with, not some gurus.
February 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.61% over the last 24 hours and rose to an intraday high of $23,452.99. The largest cryptocurrency moved back above $23,000. Recent daily candles and the relative strength index suggest the bullish momentum is cooling. The bulls will try to push the BTC/USDT pair above $24,263 and challenge the $25,000 price level. However, if the price turns down and drops below $23,000, the BTC/USDT pair could find support between $22,800 and the 20-day exponential moving average ($22,605).
Today’s Cryptocurrency Headline
Lido Announces V2 Upgrade Plan
Lido, the liquidity staking protocol, announced the V2 upgrade plan, which will allow stETH holders to withdraw directly from the Beacon Chain at a ratio of 1:1. Additionally, Lido announced a new feature called Staking Router, A new modular architecture that allows anyone (incl. solo stakers) to become a Node Operator.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.