Bitcoinshort
Mid term falling down continues
According to what it is shown in BTCUSDT chart, we see double top pattern which its maximum classical bottom is around 10K and fibonacci level 38.2% around 10K, also and finally a very strong support and demand block around 10K.
So we should see continues falling down to 10K for next 4 to 6 months at least!!!
Bitcoin in search of liquidity makes pullback movement.BINANCE:BTCUSDT
BINANCE:BTCPERP
BTC has broken out of the symmetrical triangle to the downside.
After BTC tests the low, it should pullback
In my reading, the clearest pullback is between the most liquid zone plotted above with the orange box, but with a zig-zag above this region the asset should test the major resistance of the last consolidation.
We currently have resistance like the EMA 21 and the $16400 range, above this resistance region it is very likely that we will have a generous amount of BTC supply.
If buyers are really willing to defend this price trough zone, we should see that behavior here, which I believe is less likely.
🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
🔹 Would you like to ask any questions, take that doubt? Feel free, I'll be happy to help.
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 :)
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.