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BTC Bitcoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin (BTCUSD). My last chart for BTC had support and resistance trend lines set up and this update shows the 1H chart review of the current price action. BTC price seems to be headed back down. 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
1
Bitcoin - Caution. Here's what the bulls are now up against.Good Morning Traders, I promised a mid-week update if Bitcoin didn't follow price action as I anticipated. It certainly did not. In fact, we are drawing close to a territory that concerns me. More on that below. But first, let's review what didn't happen: BTC did not remain above the 100 day BTC did not remain above the .618 fib retracement level BTC did not ascend to an anticipate price zone I had circled above in the last chart. Ok. So now, we must reanalyze our charts based upon the new price action and chart data we are observing. I've made note of the key items that I believe are the most significant on the chart. Some of these are bullish variables, and some are bearish. Let's start with the bearish: The list above plus, We are deep in the FUD Zone, which if you zoom out on the daily could, in fact, be a longer-term bear flag from my H&S pattern which has yet to be completely invalidated. Yikes! Let's hope this is not the case. We are getting too close for comfort to my long-trending yearly support line in the sand which today sits right around 38,500 We are below a fairly strong support level at 40,700 which will now act as overhead resistance There is the potential that these last two green candles formed on the daily are simply the formation of a new bear flag, in which case, it might move us down further to a re-test of our yearly support. As you all know, I absolutely DO NOT want us to test that support again. We have now tested this support nearly a dozen and a half times since Jan. and with each test/re-test, that support will become weeker and weeker. I do not know that it will hold should we get another re-test on it! If we break it, down we'll go! Now the bullish indicators: We bounced at the 80% fib retracement level. This level was drawn from the move up starting on March 14th to it's end at the 200 day ma on March 28th. Not testing our yearly support again can also be viewed as positive (though, being so close is not necessarily bullish). A look at the U.S. dollar chart indicates we are overdue for a pullback on dollar strength. This pullback, should it come, would give BTC the break it needs to move higher. These are the details that I mainly wanted to relay to you all for now. I will do a video in a bit, reviewing this data and providing clarity for those of you that appreciate it. Hope this helps a bit. Best to you all. Be cautious and careful with your trades for now. Direction is uncertain. - Stewdam.us
INDEX:BTCUSD
by stewdamus
Bitcoin Price: Support and ResistanceHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). I placed multiple Support and Resistance trend lines on the chart. Support is shown with the S and Resistance is shown with the R. I also showed the Fibonacci Retracement levels specifically the next possible support at 0.50 level in case Bitcoin price keeps falling. 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
2
#BTC Bitcoin 1D Chart Possible FractalBTC hype train is back. It seems with the market structure, it is headed to a new all time high and above (assumption). So what if this move is playing like the last fractal? I also put in trend lines and fib levels to see how it would work out if this move was similar to the last one in May before the dump. What are your thoughts? Comment below and hit the like please. Thank you! 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 #bitcoin #altcoins
COINBASE:BTCUSD
by MillionaireEconomics
April 10th 2022: Bitcoin prediction $15,000. $38K next.Kuala Lumpur, Malaysia: Bitcoin will be the next move towards the $38K towards the $15,000 price prophecy. We have seen Bitcoin in a bull run and we enjoy the uptrend and sentiments hypes towards the $100K as many analyst bombarded with the demands towards 2 million left to mine. What we see in actually a reverse. What if anything we projected like the analyst told to be $100K is just another sentiment to create hype and it will never happen to make retails traders believe? Our team of crypto whales had a meeting. The actual plan is going to be reverse. We sell the gossip and buy the facts. World is now changing. Trading changing with times. The change is so fast. Nothing in trading is fixed. Our trading environment and style has been change before the pandemic. Now after the pandemic, it change significantly. In cryptocurrency, the system is important. We cant defeat the system. We should follow the system. On the other hand, people rushing and deposit the crypto while the reality is system inside the crypto is going to determine all of works. The system push down so hard in the mining sector. Thus, it makes others deposit become negligible. Next week people will convert their bitcoin into stable coins. We are in the pursuit to stable the crypto system and energy mechanic. In my webinar, I saw lots of people asking to me why the crypto in not like old days. Why the crypto is not hype back then like last year or 2021? They do not understand the system. They do not understand the environment. They do not understand the maximalist (right now silence as they planned something). What they know is deposit- at the end, the system goes down and the price went down. It makes retails trader baffled. I will make a webinar meeting session to explain this in 8 hours session to cover this topic and to reveal what is behind the agenda. Thanks!
Short
by Zezu_Zaza
#BTC #Bitcoin bullish green or bearish red?Bitcoin remains indecisive with the long-term uptrend possibly slightly swaying us in favour of the bullish scenario. The only way we can tell who has taken over, the bulls or the bears, is if we close above or below the marked prices. A daily close above 54k would instigate the bulls taking over A daily close below 37.7k would instigate the bears taking over Something to also bear in mind is the DXY (Dollar Currency Index) TVC:DXY , this has a huge impact on the crypto market, when it pumps the crypto market generally dumps and visa versa. The DXY is approaching a critical moment currently sitting around 99.9 after a move to the upside, a close above 100.452 would mean an almost certain dump off for crypto. While a move back down to 96.59 would mean some rest bite and allow the crypto market to recover somewhat. If we were to close below the support at 96.59 on the DXY we could begin to plan our crypto bull market return. As always let me know your thoughts and leave a like :)
COINBASE:BTCUSD
by jamesdbarnard
Bitcoin bounce?Btc is hitting the 4hr 200 ma with both 20/50emas sitting at the red resistance line. A bounce is very likely in my opinion, but may not happen. TA is like educated gambling. It’s like being the house at the casino and playing with odds in your favor. If a casino in Vegas announced they were paying out odds, 70 you win / 30 we lose, we would all be rushing to find a table. Not saying I’m 70% sure I’m always right, just giving an example of what it means to do what I am trying to do. You’re never going to always be right but with odds in your favor, you’re also not going to not try. - HH
BITSTAMP:BTCUSDLong
by HH_Analysts
BTC technical analysis 4/2/2022 *NOT FINANCIAL ADVICE*51.4K within 12 days? (4/14/2022) based off inflection point on trend line (arrow 1) I think it will happen by Monday IMO (3 days) this is based on previous symmetrical top (arrow 2) potential marker for near symmetrical retracement based on previous high in bearish cycle (assuming our retrace up looks similar) (arrow 3) My technical reasoning: -Ascending triangle was formed and a breakout was confirmed -Triple bottom formed within the ascending triangle (2 bullish charts is a good sign for me) -Momentum & Money Flow Index are in line with Stoch RSI potentially confirming the start of a larger trend. -MACD is on the cusp of a reset whales & Institutional buys are the brunt of this next inflow. I'm personally going long. Anti-Hedge
Long
by squirrelnutz
Another bearish sign? Or bulls are taking a quick pause?This is the third bearish sign I find as we are developing this current BTC move. Here we have double Doji which looks like bears are stepping in. Volume is decreasing which tells me if I`m right and bears really step in we gonna tumble down. In the previous posts, I showed you the bearish divergence and flag. This is just a continuation of my previous ideas and by no means I claim I`m right. It’s all just an idea and that’s why we are here to express them and learn from each other. Please share your thoughts on this current development.
BITSTAMP:BTCUSDShort
by ECONOPEDIA
Bearish Divergence!!! Will it play out? If this divergence plays out I would not be too surprised if the price gets to 40k and that’s if I’m conservative about it. In my previous post, I show the bearish flag. If the price goes to 40k we may start testing the bearish flag support becoming resistance and then I assume it will indicate even more bearish move which may lead us to a lower 30k. Let me know what do you think, do you agree, can you add something to it, or do you think it’s wrong and we go up from here?
BITSTAMP:BTCUSDShort
by ECONOPEDIA
9
Bitcoin - Market Seasonality 📉📉 What is crypto seasonality? Crypto seasonality is the perception that Bitcoin will rise and fall over a set period of time, drastically affecting the crypto market overall. Bitcoin (BTC) is the world’s largest cryptocurrency, as well as the first-ever one. As the first cryptocurrency, it has tons of value locked up into it at all times, and all subsequent coins, otherwise known as altcoins, are tied to it in some way. However, Bitcoin is no stable asset. The world’s first cryptocurrency is consistently ranging in value, dropping or rising tens of thousands of dollars at any given point. Every four years, this volatility is expected to reach a peak before crashing relatively hard due to the Bitcoin halving. The Bitcoin halving is programmed into the Bitcoin blockchain. Every four years, the halving occurs, and the rewards for mining Bitcoin are cut in half, effectively ensuring less Bitcoin is coming into circulation with every block mined. The market tends to correct after a halving, with Bitcoin’s price rising due to its more scarce nature, only to crash shortly afterward as investors cash in their newly-earned profits, and the market overcorrects as a result. While Bitcoin crashes, more investors begin worrying about their investments and may pull out to move funds into altcoins. 📉2. Is crypto seasonality good or bad? It affects everyone. But whether it’s good or bad depends on your investment personality. Crypto seasonality can be seen as both good and bad, depending on your perspective and investment personality. For one, newer traders might see seasonality as a good thing, as they can now invest in Bitcoin at a lower price. Long-time holders, however, might despise crypto seasonality as their Bitcoin holdings are almost guaranteed to crash every four years, forcing them to wait out the lows or reinvest their holdings into altcoins. That said, one can almost always expect Bitcoin to rise back up due to supply and demand. While this belief is never a guarantee, the leading cryptocurrency has historically risen to higher highs after each halving so far. 📉3. How crypto seasonality affects investors Crypto seasonality might force Bitcoin-only investors to gamble in the altcoin market. When Bitcoin’s price crashes, investors are almost forced into the altcoin market to continue generating profits. That said, altcoins are entirely unpredictable, and a project that’s massively popular one day can crash suddenly the next. The altcoin market is also full of scams. Rug pulls and deceptive marketing have led to investors being taken advantage of. Regulatory policies are still in the works and can negatively affect a trader's experience as they develop. Exchanges can be hacked and holdings stolen. There’s really no telling what can happen in the wild west that is the altcoin market. Sure, there are safer ways than others. Investors can buy into established passive income methods like Uniswap’s (UNI) liquidity pools, or participate in the mining or staking process of a coin rather than simply investing in it, but there’s still an inherent risk alongside these processes. What do you think ? Comment below..
COINBASE:BTCUSDEducation
by AnonimFXRO