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Bitcoinpricetrendanalysis

BTC, highly bullish . But key levels to watch. If you focus on the day to day price-action of Bitcoin you do not get a good perspective of where we are in the market. Looking at shorter time frames and reading through all the FUD does nothing more then create fear. To prevent exiting your positions because of short term fear, let's look at the chart and identify key levels for Bitcoin to stay above before i become bearish on Bitcoin. In other words, where would i exit my positions. The first key level (for me) is the 53k area. If somehow Bitcoin has a daily close below this level it would invalidate a 4 month uptrend. This would be a very bearish sign. At this point on-chain data becomes very important. If the data at this point suggest Bitcoin is still highly accumulated at these prices i would remain in the market and buy even more. If the on-chain data suggest Bitcoin is highly distributed by large entities i would exit my positions. The second key level (for me) is the 40k area. If Bitcoin has a daily close below 40k it would invalidate the bull market (for me). I can see Bitcoin can move back to 30k relatively easy if that happens. So, to conclude it all. I am highly bullish on bitcoin. At this moment technical and on-chain indicators suggest Bitcoin is going up from here. So i'm not worried at all and i think we are still halfway this bull market. But.. it's never a bad idea to zoom out and look at the broader perspective. Hope this helped somewhat. Cheers.
Long
by Crypto_RuyterNL
Fake breakouts bitcoin.. Folks, At the moment of writing we see 2 times a fake breakout above the descending trend line.. What does this mean ? Simple.. Bears are in control at this moment. What can we expect? Well in crypto you never know. 1 man somewhere can change everything in an instant. But for now.. The sentiment is more down than up. Personally i think price is correcting to the point it well test the 50 day MA. for me, looking in the past, it is quite a high probability. Personally i give the chart more time to develop.. 1-3 weeks is normal for a short term trend to develop. Patience is key. If you are in the markets at this moment.. Please do yourself a favor and set your stop loss.. Happy trading.
Short
by MoneyMakingMuro
BTC expect lower prices soon... Folks, Will there be a retest of lower prices before breaking trough the resistance levels... I like to keep it quite simple.. The edge i personally use for my own strategy is making use of price action, Elliot wave theory, candlesticks reading, momentum and RSI.. Momentum is because the way it is constructed the preceder of price.. We see a lower high and new lower low has been set and you can draw the trendline downwards.. It is normal for price keep moving up ( this is called bearish divergence) and is in a strong trend quite normal (early stages). What we see here are just first signs of the price slowing down.. Take in consideration that we are getting to a resistance line and we see a little rejecting of higher prices.. ( candlesticks) If you look back in history we see this same resistance line got rejected two times earlier and you see the effect afterwards.. Human psychology is something quite integrating and the chances of these scenarios happening again is quite there.. At the end of the road we play the game of high probability.. We play a game where manipulation is there by some whales... with 1 hit on the button they can take the chart on a totally different road..
by MoneyMakingMuro
A PREDICTION ON BITCOIN PRICE MOVEMENTS IN SEPTEMBER AND OCTOBERThe cryptocurrency market, especially bitcoin, is well-known for its uncertainty and high volatility. In our analysis in late August 2021, we successfully predicted the price corrections of bitcoin for the $44-$42k channel. Corrections are necessary for any dynamic market as they provide investors with the opportunity to re-enter the game and take profit from swing trade and even long-term investments. In this analysis, we have adopted: - 4H Chart Date - IntorTheBlock.com in-chain data analytics for fundamentals Note: - As per reports, the available bitcoins on exchanges are the lowest amount since November 2020, which indicates that the whales are buying the dip, and most of HODLers tend to keep their bitcoins for higher prices. Bitcoin's recent price correction was majorly due to the manipulations by the major exchanges to liquidate the long and high leveraged positions, which resulted in more than $3.5 billion liquidations so far. - Bitcoin Dominance is going to be re-established in the market. However, we need to consider the fact that the cryptocurrency market has been expanded vastly, and the market is not restricted to some coins anymore. NFTs, DeFi, fast-growing protocols like ADA, SOL, and Polygone, in addition to ETH 2.0, are now competing to get their share from the market dominance. Therefore, expecting a dominance rate like 60% 0r 70% for Bitcoin is not very predictable, and Bitcoin will continue its story with dominance rates ranging between 45% to 55% in the future. In this analysis, we have considered the dynamic resistance (tactical level) around $48-50K, which plays a crucial role in breaking out of the critical resistance level of 52-54K. The emerging golden cross on the daily chart (EMA 50 upward cross with EMA 200) indicates the significant momentum for the new rally. Moreover, on the 4H chart, the current candles strive to break out the Ichimoku cloud, and it will construct a tension in the price by the remaining days of this week. As indicated in prediction candles (yellow color), we expect a sharp uptrend from tactical resistance for breaking the key resistance of 52-54K. We predicted a quick breakout; however, adequate volume is needed to confirm this action. Due to this sharp and quick breakout, there will be a high tension are on the days ahead, ranging between $55K and $59k zone as there will be high-pressure sales for taking profit by the swingers. Scalpers can enjoy this moment. This portion of the prediction will take 2-3 weeks. If the bulls can overcome the challenges in the High Tension Zone and the big brothers (big exchanges), don't manipulate the market to liquidate the high leveraged positions, we expect by the End of October, the bitcoin price can have a successful breakout from ATH (64-65k) strategic resistance. Thanks for sharing this scenario, following us, and liking this post. We wish you all profitable trade ahead. `
Long
by SynchroBitTeam
3
BTC/USDT - potential 40% setupHello Traders! After exiting the May-July flat movement in the $31000 - $40900 range, BTC continued its uptrend. Between $51000 - $52000 a seller reaction followed, after which the price returned to the trading range of $44200 - $46800. At the moment the asset is under selling pressure. Buyers are pushing the price and keeping it near the support level of $44200. Mid-term purchases can be planned based on expectations of a continuation of correction. The first part in the range of $42500 - $44200. The second part in the range of $39800 - $40900 Stop-loss shall be placed under the price level of $36500 Price levels would be buy targets $51500 $55000 $57600 $59600 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030
BTCUSD BITCOIN TRENDLINEBTCUSD BITCOIN Chart after it was given a sharp move towards downside, Price making good chart with support and resistance trendline. IF IT'S BREAK ANY SIDE WE CAN SEE GOOD MOVEMENT. AS WE SEE DOWNSIDE CHART GIVE GOOD SUPPORT BECAUSE WE CAN SEE WICK IS VERY HIGH NEAR SUPPORT AREA SO IF IT'S BREAK DOWN SIDE SO WE CAN SEE SHARP FALL AGAIN BUT IF IT'S BREAK UPSIDE THEN WE CAN SEE GOOD UPMOVE BECAUSE THERE IS NO ANY RESISTANCE IT WAS MAKE DURING SHARP DOWNFALL IN PAST. HERE IS JUST I SHARED MY VIES ONLY NOT RECOMANDED ANY BUY OR SELL. DO IT ON YOUR OWN RISK ONLY.
FTX:BTCUSD
by StockMarketArtist
Bitcoin might breakdown in Short Term. Stay Cautious!As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level. For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for short-term. Support levels in short-term are marked. In what direction you think will Bitcoin play? Comment down. For my detailed bitcoin analysis, check Muneeb. #SyedMuneebAli
BITSTAMP:BTCUSD
by syedmuneebali
1
BITCOIN MY FRIEND WHERE WE GO??Folks, Morning here we are with a fresh update and a beautiful new day... Do you still sit comfortably in your seat reading the charts??? haha I do.. Look at the bigger picture we are still bullish and on the daily chart we see a test of the 200 day MA.. The 4 hour chart do we have a close above the resistance line and we are going to test this line now.. I see some BULLISH reversal signals... But we have to be cautious because nothing is evident until it is proven to be so in Technical Analysis.. At least we see a Piercing line candlestick pattern (BULLISH).. This pattern will be confirmed when we close above the big candle as I have drawn.. BUT when I look at the RSI and momentum.. We make lower highs and are about to test support levels at these oscillators.. Wise thing to do is to look at your stop losses in your trades and otherwise keep calm...
BITSTAMP:BTCUSD
by MoneyMakingMuro
WILL BITCOIN HIT 100K? HERE'S WHY IT MIGHT ACTUALLY HAPPEN ! WHEN IT COMES TO BITCOIN, THE QUESTION ON EVERYONE’S MIND IS USUALLY “WILL THE PRICE GO UP?” Celebrity investors like Chamath Palihapitiya and Mike Novogratz tell anyone who is willing to listen that Bitcoin will inevitably exceed $100,000 per unit in value. Other Bitcoin advocates claim the price is rising “to infinity” — or a global market cap of $100 trillion. It’s a popular message, signaling to people they can get rich merely by buying and holding on to something that banks and governments don’t control for enough time for the price to rise. Although I generally avoid this topic. I’m not a financial expert, nor a fortune-teller. But it’s time to finally give the people what they want: Will Bitcoin ever hit $100,000? Here’s what you need to know. THE 411 ON BITCOIN PRICES: Bitcoin’s price tends to rise in four-year cycles. Bitcoin’s price varies across different markets. Bitcoin is an experimental software project, so it is a very risky investment. Anyone who claims to know any cryptocurrency’s future value is lying, either to you or to themselves. For More Deatils - www.inverse.com NFA ! Thank You !
COINBASE:BTCUSDLong
by sachi_diary
Christmas Presents BTC/USD #Bitcoin $BTC #btcHello , here we see our Bitcoin weekly chart from Bitstamp with the long view ! All the way from 2012 to present market . And you can clearly see the channel we have been in with the black lines on top and bottom . During Bitcoin's last 2 Bullrun cycles it touched up to the top of that line at some point and there is no reason why it shouldn't do the same this time . Why ? Because this is a channel that has held for many years now - it's a long standing and strong indication of possible targets for Bitcoin price later this year - possibly in December 2021 . What are the possible targets ? Well if we touch up to that black line in early December where that pink X is we should actually be over $250000 per Bitcoin. A 250k or more Btc ! Not guaranteed obvioulsy , but it definitely would be a lovely Christmas present ! Have a great day everyone .
BITSTAMP:BTCUSD
by shimmeringpath
13
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/02/23Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview Price Action: Bitcoin, as well as the overall cryptocurrency market, experience huge volatility and sell-off yesterday, causing widespread market panic. In today's post, in addition to our regular daily trade setups, I want to touch on the overall trend and market structure. Patterns: N/A Areas of Interest: The area(s) of interest for me are the 200MAs @ $54.5-55.5K and the lows @ $47.6K. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Market Structure As a result of the huge selloff yesterday, some are questioning if the bull market has ended. I will propose three potential scenarios and my opinion on the likelihood of each: 1. The bull market is over(10%): The bull market is over and we are going to correct 60-80%+. 2. The correction will continue(30%): Bitcoin will have a larger correction like the one it had from $42K to $29K, and the projected bottom of this correction is ~$40K. 3. The correction is over(60%): Bitcoin has reached the bottom of this correction at $47.6K and will either consolidate for a period of time or bounce up from here. In the chart on the left, I show scenario 2 where we have another correction of ~30%. Looking back at the 2017 bull run, we had 5-6 corrections of 30-40%, and while history doesn't repeat, it often rhymes, and I expect this bull run to have multiple corrections before finally reaching a parabolic top. This is one of the reasons why I currently believe that the bull market is not over, and thus I am currently not touching my hodl portfolio. Trade Setups Below are the potential trade setups that I would be interested in trading: Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $47.6K, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Short Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $54.5-55.5K by the time price reaches it, and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out My Recent Trades 2021/ 02/012:I had a losing trade. I entered into a long @ $47,810, SL @ $46,647, and trade hit stop loss. 2021/ 02/04: I had a winning trade! I entered long @ $$36,819.0, SL @ $$36,528.0, price reached a high of $37,783.8, giving a risk reward ratio of 3.3:1. 2021/ 01 /31: I had a winning trade! I entered long @ $33654 SL @ $33292, price reached a high of $34220, giving a risk reward ratio of 1.6:1. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
4
Failure Is Not An Option in 2021 BTC/USDT #Bitcoin $BTC #cryptoHere we see our Bitcoin daily chart from Binance . You will notice a blue line that shows where our previous All Time High was from 2017 near 19800 . Will Btc repeat it's performance from last time and rise almost 18 times up ? Why 18x ? Well back in early 2017 when Bitcoin revisited it's previous All Time High from 2014 near 1100 that ended up rising about 18 times up to 19800 at end of 2017 . We just revisited that 19800 high in December 2020 and we've blown past it . If we went 18x from there , where would that take us at end of 2021 ? Well 18 times 19800 is 354600 ! Could that even be possible ?? I don't know . We could be seeing diminishing returns here as Bitcoin matures but even 10x up from our previous All Time High would take us near 200k . And that would be excellent too ,if it happened. Let's see where this goes . See attached idea regarding Bitcoin's last Ath.
by shimmeringpath
3
Big profit - done! BTC/USDT (CME FUTURES)Hello dear traders. Yesterday's analysis and recommendation gave a good profit. There is no magic here, only numbers and only CME. See how exactly the price hit the CME lows! I expect a fall further, since there are global CME targets, We have a non-closed gap, and the preponderance of the price movement up / down - 29/15 Update $ 10,000. Yes, I have one negative position. All my statistics are in the public domain, and here each of my positions is confirmed - both its goals and achievements. I am not describing the whole analysis of my positions here. After all, here, I cannot quickly react and describe my every action.
Short
by UnknownUnicorn13204076
BTC 4h The last meters to the finish line of insane growth.Steadily and confidently buyers broke the range $15,700-15,800 and continued the movement of the BTC price to $16,480. Even with increased volumes, sellers cannot change the current situation. The price rises in an unusual manner (impulse, consolidation - impulse). The critical point of the growth trend has moved from $15,400 to $15,960. Given the slow price growth with local rollbacks, sellers may test this mark. And at this mark the future trend will be solved: Will there be buyers recharging and whether they will test for strength the level $16,775. Or they will break down on larger volumes, than with high probability, will begin the trend change. This weekend is a chance for sellers to seize the initiative. And most likely sellers will try. It is evidenced by the uncertain exit of the price from the 4-day consolidation below $15,800. On the dominance chart, the figure reached 65.99%. But yesterday's daily candle closed at 65.23%, which began to hint that interest in BTC may sharply fall from next week. For altcoins , it is important that possible BTC correction occurs without sudden movements. In this case, there will be a possibility of continued growth. Otherwise, we doubt that frightened BTC investors, in a panic, will start buying other coins instead of sitting out in fiat. And how do you see the current situation? Is it time for BTC to take a break from such a growth marathon? Write your opinion in the comments and leave your charts! ___________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
2
Bitcoin Price Analysis: BTC Bulls Regain Control Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital level are also becoming apparent. From a technical perspective, the Relative Strength Index (RSI) suggests that the trend is in the hands of the bulls. The RSI has stepped above the midline. Moreover, it is pointing upwards, signaling the potential BTC has in the near term. It is important the Bitcoin holds above the moving averages. Otherwise, if the parallel ascending channel confirms a bear flag pattern, BTC could succumb to another selloff before recovery takes precedence again.  The low trading volume experienced hints that a sizeable number of buyers are not convinced that Bitcoin has the ability to sustain the uptrend. Consequently, IntoTheBlock's IOMAP model reveals that the road to $12,000 is bound to be a challenging one. However, the toughest resistance lies between $11,586 and $11,914. Here, 1.05 million addresses previously bought 737,540 BTC. A break above this zone would give Bitcoin a quick boost past the psychological resistance at $12,000. On the downside, the bellwether cryptocurrency is sitting on an area of immense support. For instance, the demand pressure between $10,582 and $10,910 is strong enough to absorb most of the selling pressure in the event of a rejection from current price levels. Here, 1.42 million addresses previously purchased 1.03 million BTC. Therefore, Bitcoin has a challenging path towards $12,000 but support is also strong enough to hold the price from plunging massively. Consolidation will most likely take precedence in the near term, to set the ground for more gains above $11,000. Bitcoin Intraday Levels Spot rate: $10,901 Percentage change: 1.15 Relative change: 124 Trend: Bullish bias Volatility: Low
COINBASE:BTCUSDLong
by CoinGape
1