Bitcoin Rejecting at Resistance! Will it Crash?The 4h chart for BTC is still playing out perfectly. You can see it rejected on the 200 EMA (pink line) and recently rejected at the horizontal resistance of $17,167.
I'm expecting Bitcoin to at LEAST retest the bottom of our upwards channel at $17,000 and possibly falling to $16,736 (with a dip lower to form a bullish divergence) then bounce to retest the $17,167 resistance.
If Bitcoin breaks above the 200 EMA, I'm FULLY expecting us to test the next MAJOR resistance of $17,640.
If you enjoyed my TA or have any questions on the indicators used, please leave a comment below or send me a PM :)
Bitcoinshort
How much trading volume exists in the crypto market? The trading volume of a coin or token is used to measure the activity of the asset over some time, usually over one trading day.
Generally, Trading volumes are correlated with crypto prices. When the prices for crypto assets are rising, especially at the abnormal rate that they have demonstrated in the past, their presence in the media also rises, and traders flock to the market in response. A higher trading volume implies more liquidity, better order execution, and a more active market for connecting buyers and sellers. Conversely, when the trading volume is low, it can signify a lack of market interest, and consequently, liquidity and other trading conditions can suffer.
Trading volume across exchanges
At the time of writing this, the entire trading volume of cryptocurrency across all exchanges for the day is approximately $120 billion.
The trading volume of cryptocurrencies varies across different exchanges. Several factors are responsible for this disparity, such as the number of users on each exchange and the trading proclivity of these users. The largest exchange, Binance, had a total crypto trading volume of about $35 billion, representing a whopping 25% of the entire trading volume of the market. Smaller exchanges are responsible for the rest of the volume, including OKX (~5%), BingX (~5%), Coinbase (~1%), among others.
Factors that may impact the volume of trade on a particular exchange include trustworthiness of the exchange and the available number of coins on the exchange.
The volume of derivatives trading of cryptocurrency
A Derivative is a contract whose value is determined by an underlying asset. In crypto, a common derivative is CFDs. The trader does not own or hold the underlying asset in derivative trades, which means that getting in and out of trades can be simpler because no cryptocurrency needs to change custodianship.
Presently, the crypto derivatives market is about 69% of the total trading volume of cryptocurrency, while spot trading has been declining due to the current dip in the crypto market.
Strong Sell Opportunity in 4 Hours Chart for BitcoinSince the 200 SMA is respected and the trendline I drew is broken, I take a loss from my position in my recent idea (see the link to related ideas). I lose a little compared to what I will gain this day.
This is very bearish and we might get a big dump later this day.
The DMI indicates that:
1. -DI is going above 30 level and it is above the ADX and +DI so this is very bearish.
2. As long as the -DI is above the ADX, I will hold my short position.
SELL #BTCUSDT NOW HONNESTLY!!BINANCE:BTCUSDT
Firstly, to understand this sell idea I want you to go check all my previous ideas of BITCOIN I've never failed and cheers to those who agreed and tombs up on my post ,i appreciate you all.
now this is a follow up on my previous recent bitcoin post in these ideas we are only taking sell if it breaks the confirmation line
reason, i do not expect bitcoin to go more further up after it already sweep out previous high liquidity.
if we see a high direction, it's a trap to bring in more buyer to get them liquidated',
i do not have a target but im expecting bitcoin to go lower than ever before. at least take out all weekly lows.
kindly let me know your thoughts in the comment session.
Bye cheers to everyone.
A big shadow collected liquidity + volume passed. Goal - $16700After a rapid increase, the price went to the sideways. A big shadow collected liquidity from above + volume passed. Nailed the inclined level and fixed lower. We have come to the POC level and are working on it. I expect a breakdown of the level and a movement lower. First goal - 16700$
BTC Under Pressure as Industry CracksHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Today, a little bit more of a fundamental analysis than a technical analysis (apart from the line break candlestick analysis, which speaks for itself).
Millions of retail investors and speculators have lost their savings in the resounding bankruptcies of crypto firms. Bitcoin faces heavy bearish pressure from sellers as the cryptocurrency industry continues to unravel at the seams. Even the SEC case against Ripple is back in the headlines again. Still, BTC continues to hold above the two-year support zone at $15,500 which it touch during the recent panic selling amid the collapse of crypto exchange FTX.
In total, there have been 7 major bankruptcies since May. In all of them, customers and investors are unsure whether they'll get their money back. It all started May 9 when sister cryptocurrencies Luna and UST, or TerraUSD suddenly crashed, wiping out at least $55 billion . Luna, which was hyped by crypto evangelists, lost all current and future potential value. The rout caused a credit crunch that ended up taking out the hedge fund Three Arrows Capital, or 3AC, to which many crypto firms had entrusted their clients' money to invest. The impact on the industry was huge: Eminent crypto lenders like Celsius Network and Voyager had to file for bankruptcy due to their exposure to Luna and UST through 3AC. BlockFi, which was also affected, had to be bailed out by the FTX cryptocurrency exchange and its founder, Sam Bankman-Fried. Just over three months later, FTX and Alameda Research filed for bankruptcy. BlockFi has done the same, and there's no doubt that more crypto firms will shortly follow, since is it a tightly interconnected space.
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Nonetheless, it's important to note that the underlying technology of cryptocurrencies, blockchain, can still be of benefit outside the cryptocurrency market. If anything, blockchain could come out of the crypto winter even stronger. In an uncertain market, it's good to have some flexibility. That means having the ability to change positions in the market when conditions deem it necessary and not hold on to losing positions unless you're accumulating and playing long term.
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CryptoCheck
BITCOIN (BTCUSD): Selling On RetracementBITCOIN (BTCUSD) – Cash: Selling On Retracement via Blind Entry Or After Price Action Signal Around $18154 Support Level
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price has been forming a Multiple Inside Bar Pattern, with a wide Mother Bar, since Friday, Nov 11th (We are not considering trading this pattern).
Price moved significantly lower from the Small Bearish Tailed Bar Signal that had formed just under the $21491 – $22808 key resistance area (Event Area), on Saturday, Nov 5th (We did not consider trading this signal, nor did we mention it at the time it formed).
Potential Trade Idea: We are considering selling on a retracement higher via blind entry or after a price action sell signal, at or around the $18154 – $18663 short-term resistance area.
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
2 TradingView indicators for trading BitcoinThe indicators offered by TradingView extend beyond their usefulness for forex, commodities, and stock trading and into the world of cryptocurreny.
In this article, I want to explore two TradingView indicators that Bitcoin traders may like to take a closer look at.
Sentiment Indicators
Cryptocurrency is an asset that can rely heavily on the sentiment of the market, perhaps more so than any other asset as its value is not so obviously tied to fundamental data like stocks and currencies. As such, paying attention to Bitcoin’s public and market sentiment can be vital in helping traders decipher the price action of this particular asset.
A few Bitcoin sentiment indicators exist on TradingView, with two freely available versions being the Bitcoin Futures Market Sentiment and the Bitcoin Binance Sentiment Index.
Bitcoin Futures Market Sentiment
You can use this indicator to simply illustrate optimistic and pessimistic market sentiment in the Bitcoin futures market. The red bars are indicative of pessimistic sentiment and green bars indicative of positive sentiment. The size of the bars also implies the degree to which the market is in either of these conditions.
Bitcoin Binance Sentiment Index.
The Bitcoin Binance Sentiment Index suggests market sentiment by measuring the divergence between futures and spot Bitcoin prices (as pulled from Binance). The sentiment must be decoded a little more than the Bitcoin Futures Market Sentiment Indicator but can still be done quickly and easily. When the value of the indicator is above 100, the average price of futures is above the spot price for a designated period suggesting a bullish outlook. Conversely, when the indicator’s value is below 100, the opposite is true.
Bitcoin Bullish Percent Index
The Bitcoin Bullish Percent Index analyses a wider segment of the cryptocurrency market in an attempt to understand Bitcoin. This indicator is designed off the assumption that a strong relationship can exist between some cryptocurrencies, and that individual cryptocurrencies typically like to move in unison
You can think of The Bitcoin Bullish Percent Index like a general RSI (Relative Strength Indicator). When the indicator is valued between 50.00 and 70.00, you might like to consider the cryptocurrency market as a whole (as well as Bitcoin) as overbought. When the Indicator is above the 70.00 level, you might like to consider it as extremely overbought.
Conversely, when the indicator is valued between 50.00 and 30.00, you might like to consider Bitcoin as oversold. When the Indicator is below the 30.00 level, you might like to consider it as extremely oversold.
SELL BITCOIN to 6KEveryone is being liquidated.
Bitcoin is the most volatile manipulated asset traded in the market.
Drop down to your lower TFs and look for SHORTS only.
Bitcoin has Fallen!
I REPEAT: BITCOIN HAS FALLEN!!!!
Never overleverage.
Trust your analysis.
Give it time to manifest: that's why the proper leverage is everything.
Have fun and buckle up for the ride down south on BITCOIN!!!!
I AM Pro Trading Made Simple: Master Jedi & Sensi of #SniperGang
Bitcoin Go Long Above 21530 and Go short below 21053 and 20386This is a short term analysis for 15 mins time frame for bitcoin
Execute Long position only above 21530 with 5 mins candle confirmation breakout for targets of 21645/21768/21919/22089/22193 ( Stop Loss will be strictly 21289)
Execute Short position only below 21053 with 5 mins candle confirmation breakdown for initial targets of 20908/20763/20667/20572 ( Stop loss will be strictly 21190)
For further breakdown wait for 20386 level to break and enter new short position with 5 mins candle confirmation for targets of 20155/19785/19410/19173 ( Stop Loss will be strictly 20572)
Bitcoin BTC Crypto market update
Pakistan Time: 01:36 PM
Bitcoin support levels - 19,000 and 18,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,000 and 20,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis - BTC closed its daily candle red at $19530. Opening price was at $19960, high was at $20068 and low was at $19320. Support is at $19,000 and resistance is at $20,000. $19500 level needs further confirmation to become resistance or support. Trade carefully and manage your risk according to to support and resistance levels.
Bitcoin will dump to grab Liquidity and now Bitcoin showing the same thing as we expected.
Once The Liquidity is grabbed by the market maker then after that, we will see some positive movement in Bitcoin price.
$BTC - Last Short before Pivot to Bulishness: Near $15,825 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Tasla or Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is regarding what price action will do - 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines,etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) Halfway points in fair value gaps, order blocks, Breakers, are always a price to aim for. Support and resistance onnly exist to protect profits, as soon as an institution wants more, they'll all use the same Options strategy amd that's then Support and resistance is broken. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*
Bitcoin - It dropped pretty hard after entering a 4 hour fair value gap. This is called an institutional order flow entry drill (IOFED). It drops down to "Support" To where retailers would probably start buying. However, If you haven't done a monthly time dframe analysis on this chart, you will be lost. There is a monthly fair value gap below current market price. After the current price hit support and came back up it then hit a bearish order block followed by another (IOFED) And this is where I believe the price will definitely take a dive as most retail positions are buying.
Here's the chart depicting such safe support and retail buying in one area
Options on the Bitcoin micro, for an institution to protect their asset would buy a put and buy a call. Therefor if it reaches the put strike price they can excericise the right to buy at that price and they want it lower so they can buy at a discount. So institutions know what retail is doing there for they can sell their assets and short the future/option to hedge against the sell. to get the price to start dropping. Once retail sees that it is dropping further than they want, then they eill start selling with Institutions pushing it down further. Institutions usually knmow the gap theory and will end their option/future at the midway of the monthly fair value gap and start buying up again at an enormous amount because this time it will be in the $15k range. This is about an 80% pullback from the previous low, which is exactly how the chart from 2017/2018 acted. So this should be the last hurrah of a drop. It can fill up the entire Fair value gap below but it doesn't have to. We'll just have to wait and see.
Heres a chart of the monthly and where that fair value gap is.
That gold line is the imbalance that price wants to fill.
2017 80% pullback VS 2022 80% Pullback
1. 2017/18
2. 2022
At first you were probabbly scratching your head or laughing at my idea. But go back and look through my last 5-6 ideas. I've pretty much been spot on the more I am involved in studying smart money. At least getting near an entry zone and hitting a take 1 profit. Thats All I need daily and I can do this for a living.
What do you think? Is $16k ish too low? or do you think lower? Why?
I think we're nearing the end of the pullback journey. based on history and Smart Money Technical Analaysis.
Also the Commitment of traders report has the institutions adding shorts to their positions. See barchart.com chart, so if the institutions believe it's still shorting, why wouldn't we? See below Barchart CoT. It's the indicator at the bottom of the chart, and the red line represents Institutional Positions. As you can see it's lowering which means it's adding more net shorts.
www.barchart.com
So good luck and happy trading.
COINBASE:BTCUSD
BITSTAMP:BTCUSD
BITCOIN MINI BULL-RUN IS ON THE WAY !!Hi lads.
BTC is getting close to the end of the triangle here. BTC is still moving in 18.5k - 20.2k area and has been consolidating in this area for almost 4 months. The daily volume is increasing so fast and we are hitting all time high daily volume records on binance. A lot of long term holders are sold their bitcoins at that level and on the other hand, a lot of stock market whales and traditional market big players started to buy bitcoin at current levels. In general btc is bullish but it is under the effect of financial markets (SPX500 and NQ) dump.
BTC is still in the bear cycle and i think the moment we hit 13k levels, we can say we touched the bottom. so bear in mind that we havent touched the bottom yet. But in short term like 1 or 2 month period, i expect an retracement. BTC can go up to the levels of 25k to 28k. from there we may start falling again.
So, btc can rise above 25k levels from these two spots : 1) 19k in a bullish scenario 2) 17.8k in a bearish scenario
So, be ready for such scenario.
Also dont forget to like my post and also follow me cuz it helps me a lot.
Thoughts on Bitcoin. BTCUSDMore bears. Look, it is pretty damn clear that this thing is going down and I can write a book explaining why. But let me spare you the hours and just cut to the chase. Bitcoin is going to drop in the immediate future, along with the equities and the major indices.
There is a lot of wishful thinking in the crypto space citing bullish scenarios in many coins, including bitcoin. I have just one question, "How?"
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.