Bitcoin to $2000Bitcoin is currently showing a negative divergence, which confirms the continuation of the decline
Bitcointrading
BTC one last capitulationI am expecting one last capitulation for BTC, miners are still in problems, difficulty is rising, stocks will turn to down soon. Also we have mid December FOMC and CPI coming. This will be one last drop and we can expect accumulation after, so not bad play to start buying after the last capitulation. Good Luck!
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% BTC, 45% Cash.
* SUNDAY SCARIES WATCH . Cryptos are mixed today after numerous Altcoins like DOGE, REN (on rumors of Binance acquisition) and LINK rallied to start the weekend. Billionaire hedge fund manager Bill Ackman reiterated his support for Cryptos and their underlying technology . Yesterday, Vitalik Buterin transferred 40k ETH ($48m) to an unknown wallet and Justin Sun cashed out $58m worth of ETH for unknown reasons . Ukraine is still trying to restore power to major cities while Russia continues to fire missiles onto critical infrastructure. Even with this going on, Ukraine managed to host a summit in Kyiv to promote their "Grain from Ukraine" initiative which will strive to send 60 vessels full of grain exports to countries currently most vulnerable to famine and drought (including Ethiopia, Sudan, South Sudan, Somalia and Yemen). Chinese citizens continue to protest the Covid lockdowns in cities like Urumqi where the lockdowns are ironically contributing to deaths , and this morning officials in Urumqi announced that they will begin to phase out restrictions in "low-risk areas". This is after China reported a third consecutive daily record for new Covid cases .
In lighter news, Ben Armstrong is in the Bahamas with intentions of interviewing SBF lol .
Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently trending sideways at ~$16450 as it continues to hover above the uptrend line from March 2017 (~$15600) for a fifth consecutive session. Volume continues to shrink for a sixth consecutive session which is indicative of an impending breakout/breakdown and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $17900, this is mildly bullish at the moment. RSI is currently trending sideways at 39, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down at 90 as it approaches a test of 88.29 support. MACD remains bullish and is currently trending up at -705, the next resistance (minor) is at -232. ADX is currently trending sideways at 45 as Price continues to trend sideways as well, this is neutral at the moment.
If Price is able to breakout here then it will likely test the 50MA at ~$18670 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at ~$15600 as support . Mental Stop Loss: (one close below) $15600 .
Bitcoin Important Update CRYPTO MARKET UPDATE BY TEAM TENUP
Pakistan Time: 06:06 AM
Bitcoin support levels - $16,300 and $16000 strong Support
(is Ka Matlab yahan buyers hain)
Bitcoin resistance - $16,800 and $17,000 strong resistance
(is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
———————————————————————
Analysis:
BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle RED at $16,598.
Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.
This might changed everything for Bitcoin!I know it's a messy chart but lucky we have to focus on just a few things!
As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish.
For Bitcoin we have a few levels to watch closely.
First the key levels to watch if we want to see upwards momentum:
•16.8k
•17.5k
•18.6k
And some key levels for the downside:
•15.8k
•15.5k
•14.8k
The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window.
Trade safe!
BTC/USDT - Bull Trap Or Breakout? 📈📉Looking at the BTC/USDT 1H chart, we've mapped out some key price action.🔥
We can see a clear Bull Trap at the start of November following the FTX induced crypto crash. People thought Bitcoin was on the bounce back...📈
Until it wasn't. We saw a grind down in the days following the 1st relief rally. Which brings us to Bull Trap 2.
This relief move up played out over a bit longer period of time, but Bitcoin failed to breakthrough $17K again. Slowly grinding down the $15-16K.
We're just witnessing what smells & looks like yet another Bull Trap, number 3 in this case.
Is Bitcoin poised to breakout and reclaim $17K and above? Or is this yet another preview of a leg down?🥶
Is this the last relief rally until the serious macro issues or black swan in equities send us straight to goblintown?
We shall see...👀
-TucciNomics
Chief Overlord, AlgoBuddy
Bitcoin 25k ?Bitcoin MARKET UPDATE
1: Bitcoin support levels - $16,300 and $16,000 strong Support (buyers available ).
2: Bitcoin resistance - $16,600 and $17,000 strong resistance (sellers available).
Market depends upon Bitcoin movement so we updated you. Trade with risk management.
———————————————————————
Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk between mentioned support and resistance levels. BTC closed its daily candle green at $16,226.
Looking at the 1-hour timeframe, BTC was able to regain $16,300 support with high volume. BTC got resistance from $16,600 which was also 200 EMA resistance. BTC needs a high volume to break this resistance to head towards $17,000.
Total Crypto market cap is at $820 billion, up by 4.6%. BTC dominance is at 38.6%.
$BTCUSDT entry PT 5,099-11,254What is Bitcoin?
Bitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries.
What can we expect for Bitcoin?As we see this triangle forming we have 2 clear targets.
We are going back up to approximately 18.5k
Or we are going to make a new low of approximately 15k
Very clear and simple. But wait for confirmation and enough volume.
Trade safe!
Bitcoin Possible Worst Case ScenarioWhere Is The Crypto Bottom ? possible Worst Case Scenario. 12500 - 13500 very important label for bitcoin. expecting 50-60% bounce from that label. then we can go down again. Thanks
Bitcoin Bear Flag Concern!Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move target is shown in the chart at around $11K range. To support the analysis, I have included the Keltner Channels, Ichimoku Cloud, RSI, and Stochastic RSI.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. 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
WILL BTC CRASH TOWARDS 15k ??As Btc having long term bearish sentiment , based on my price action strategy i think btc will crash down towards 16k in further days . HAPPY TRADING !
BTCUSD intraday trading & back to the home ⬇︎ 15 NOV 2022BTCUSD intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the home ⬇︎
More info in my profile..
Good luck traders..
btcusdtin daily tf forming falling wedge chart pattern with rsi divergance
incase of upsife breakout expecting move towards 27 to 28k
this is not financial advice do your own research before taking any action
BTCUSD intraday trading & flying to the moon🚀 14 NOV 2022Bitcoin intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the sky🚀
Hope you like my Trading Alerts~
Cheers~
BTC Daily TA BearishBTCUSD daily guidance is bearish. Recommended ratio: 5% BTC, 95% Cash.
* CRITICAL SUPPORT WATCH . Cryptos continue to get clobbered as more and more news about the FTX/Alameda meltdown is coming out. Old videos of people like Jim Cramer and Kevin O'Leary promoting FTX and vouching for SBF is kinda funny but in a sad way. It's quite likely that 10 people having sex with each other on amphetamines in the Bahamas gave the death knell to Cryptos in the short to medium term, and one can only assume that more institutions are likely to experience deleveraging and forced liquidations as a result of the collapse. Users of Crypto.com have been withdrawing funds after Crypto.com "accidentally" sent 320k ETH to Gate.IO instead of to a new cold storage address , apparently it was all returned and completely accidental but the timing of it was just a little sus. Equity Futures and NI225 are down while HSI, DXY and Long-Term US Treasuries are up.
Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/ 01 ; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently testing the descending trendline from November 2021 at ~$16100 as support which is just above the uptrend line from March 2017 at ~$15600. Volume finished yesterday's session Moderate (low) and is on track to favor sellers for four consecutive sessions if it closes today's session in the red. Parabolic SAR flips bullish at $20400, this margin is bullish at the moment. RSI is currently trending down slightly at 32 after being rejected by the uptrend line from January 2022 at ~35 as resistance. Stochastic crossed over bearish in today's session after being rejected by 29.70 resistance and is currently trending down at 21, the next support is at max bottom. MACD remains bearish and is currently testing -868 minor support. ADX is currently trending up at 33 as Price continues seeing selling pressure, this is bearish.
If Price is able to bounce here then it will likely test the local high of ~$17700 before potentially testing $19417 resistance . However, if Price continues to breakdown, it will likely formally test the uptrend line from March 2017 at ~$15700 as support before potentially testing $13477 minor support . Mental Stop Loss: (two consecutive closes above) $17600.
Can we break this or is 14k in place?!As we see this descending triangle on the daily time frame forming we have a clear scenario what's about to happen.
We can't give a clear price and date when we will break it. The prices set are just indicators. But it is clear how we can play it and that we can expect approximately 14k if we see the next leg up getting rejected.
But still anything can happen if bad or good news will release in the upcoming weeks.
Trade safe.
Trading Analysis btc/usd 12.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on BTC/USD.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
Is Bitcoin going to 14k?! Let me explain why it is possible.. Bitcoin is right now in a triangle if we break it to the upside we can see the price of approximately 20.4k but..... if we break it to the downside we could see a price target of approximately 14k!
It will be a interesting weekend. Trade safe and be aware of fake-outs
Bitcoin Worst Case Scenario! Buy area updated!Remember my idea about the worst case scenario for BTC? The head and shoulders bearish chart pattern?
It might turn out to be true.
My buy area is between $16200 and $19800.
Looking forward to read your opinion about it.
BTCUSD intraday trading & flying to the moon🚀 11 NOV 2022Bitcoin intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the sky🚀
Hope you like my Trading Alerts~
Cheers~
Bitcoin: Local Dead Cat Bounce RangeToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).
The chart shows a few dead catch bounce ranges for the BTC price to get to before price goes lower. To support the analysis, I have included the VPVR, Keltner Channels, Ichimoku Cloud, Fibonacci Retracement and RSI.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. 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
BTCUSDThe Godzilla will always find a resting place deep in the sea before it gains the energy to fight on the land. This is the same view I have with BTC, it looks like it loves its resting place at 200MA's before regaining its energy to rally. I am not saying that I am absolutely right, if I'm wrong then I am wrong. But looking at the pattern, still it couldn't convince me that price will make a reversal anytime soon.
In fact, in my opinion, it will keep continue resting until the 20k level, and you know what, it still won't make any difference until any price emerges which shows buying power overcome the selling pressure. It may also continue downwards to 6k level if sentiments continues, there is a chance that it will never go up.
Good Luck.
