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$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.
Short
by BADQOMOCAWGOWLD
3
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
BITSTAMP:BTCUSD
by MillionaireEconomics
5
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.
COINBASE:BTCUSD
by dailytaguy
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.
BITSTAMP:BTCUSD
by basictradingtv
6
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
BITSTAMP:BTCUSD
by 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.
COINBASE:BTCUSDShort
by AMianz
BTC Bitcoin: No Hopium DiscussionHello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period when the Bull Run started. 2) Recently, the price formed an All Time High and has been correcting since that point. This has also created a Double Top Pattern (bearish) as well. 3) In the chart are two support trendlines as well as two support areas where the price will hopefully bounce. If BOTH support areas are lost, the price has the potential to get back down to the sub-$30K levels. This would also show a breakdown from the rising wedge pattern, with possibility to take a steep fall to sub $5K levels. 4) There is a multi-month Bearish Divergence as well with the Price showing HIGHER HIGH and RSI (relative strength index) showing LOWER HIGH. 5) The two support areas are key for Bitcoin to rebound and make a new All Time High and hopefully break the wedge pattern upwards. 6) The analysis may show BEARISH signs, but you need to consider many other factors including traditional markets (SPY, and others), commodity prices (Gold, Silver, and others), interest rates and inflation, Bitcoin Dominance, Crypto Market Caps, and much more. 7) Everyone wants to see higher prices, but being realistic is key when trading and investing. What are your opinions on this? 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! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
7
What is happening to Bitcoin and Crypto?!! Wow.... I think that yesterday is a day that no one was expecting and was ready for! As we are seeing Bitcoin making newer lows due to the bad environment we cannot tell what is about to happen next. But we have some data to look at. We are seeing that BTC wallets with 10k BTC are making a new ATH and they are not getting liquidated. Most of the people are interested in opening a low the moment BTC hits a newer low resulting in a strong bounce back up. The DXY is on the edge of falling down just like the Yields. Tomorrow the CPI numbers will get released so expect even more volatility in de markets. Trade safe and don't let emotions take over your trading decisions.
by Mynameisnotrelevant
Bitcoin Chart Review For Bottom SupportToday you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). A very simple chart showing where the next support region is in case Bitcoin begins a free fall. The $13.5K-$14K region has strong prior support as shown in the chart. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
BTC Bitcoin: Short Term Rebound TargetToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self explanatory. I circled a few target areas based on dead cat bounces after the recent drop in BTC price. To support the analysis, I have included the VPVR, Keltner Channel, 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
BITFINEX:BTCUSD
by MillionaireEconomics
6