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BTC Bitcoin: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. The price has two potentials from the Support and Resistance Trend Line which is in confluence with the VPVR (Volume Profile). Volume overall is low and Ichimoku Cloud shows a red cloud upcoming (resistance). Lastly, zooming out, you can see a Double Top Formation and a Rising Wedge Pattern, which are both bearish. The RSI and Stoch RSI look like they are coming back down. MFI shows money exiting after the recent small pump. The Death Cross (50 simple moving average crossing 200 simple moving average) recently occurred on the 1D timeframe. The $39K-$42K area is a very important area to keep an eye on. Shown in the chart: Trend line, Relative Strength Index, Stochastic RSI, Money Flow Index, Ichimoku Cloud, Support and Resistance Line, Death Cross, Simple Moving Average, Volume, Volume Profile, Rising Wedge Pattern, Double Top Formation. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
25
Bitcoin at very important level#Bitcoin as anticipated hit $34k precisely which we have been calling for few days now, when everyone else online was screaming to go long and got trapped in a nasty fake out. We currently are seeing #btc at 33.5k and is at the most important level in this cycle to determine its next directional flow. A break of $29,990 will most definitely send #bitcoin to 20-16.8k zone. Which is the next Higher TF demand zone. Always remember, we are doing this completely for free , cause we have your best interest at heart for our fellow crypto investors. We are not “moon boys” or typical crypto influencers who ask you to buy every dip. Nope, We ask you to wait for precise levels and to buy as low as possible. The next buy zone is $20-16.8K, SET YOUR ORDERS AND BE READY.
by CryptoBlanco
Bitcoin - what to do after the dump?Bitcoin dumped. What to do now? I have mentioned it multiple times – the next bull run will be triggered by a new giant downtrend for DXY. But FED increasing the rates is not in our favor… so let’s see the supports below us: 2022 bottom – everyone screamed for bullish December 2021, but we had a red December followed by a small crash in January 2022, causing panic and 10 000$ calls. The current price action has many similarities with January (also after a FED event) and the lows from the year opening are our support now at around 32500$. A must hold level, breaking of which will lead us to the rows below… 2021 bottom – you must remember the June-July 2021 dump after the memecoins season, right? Well, there is still a possibility for a revisit of these lows. They should hold, otherwise Bitcoin will do a test of the previous bull market high at around 20 000$. Where to flip bullish? Don’t try to catch a falling knife. I will be full bull only when Bitcoin flips all daily moving averages as support (MA50, 100 and 200) + the 21 weekly EMA, also known as the bull market marker. Trade safe and don’t overleverage!
Short
by HAVEcrypto
BITCOIN HOLDING ASCENDING CHANNELAs you can see currently we have held our ascending channel again with another higher low. With the main channel its in (bold white lines) being as small as it is, its giving bitcoin the ability to fully cool off all indicators and oscillators while moving price action upwards still giving a bullish divergence. As you can see, there another long term trend line i have that we have been finding bottom with too that line stems back from the first candle of the last market cycle that took us from about $153 up to $19,750. Which if you ask me, holding a 7 year old trend line that primarly has been tested a support and also starting the last market cycle bull run. That's a confirmation of a strong bitcoin bull. Because i have been hearing more talk about this recently... For all those that think Bitcoin is going to drop down to $28k or even lower than that... 1. HYPOTHETICALLY SPEAKING, to complete a bear flag here (despite all the bullish indications i am about to give) an extrapolated move measured from the $69.9k top down to the wick low of $32.8k , this equates to a move of -51.50%. Which when extrapolated to the recent high of $45k and extended downward would leave us at $23.5k. But for this type of move downward to occur we would be looking at a black swan event that would be like Bitcoin mining being banned in the EU and in the US which would leave miners with very little options on where they can go to mine. But this kind of event could substantiate the extrapolated price movement. Any other catalysts that are plausible to make a "black swan-like" price movement event would be something that is so detrimental to bitcoin that it would be a "Going to $0" catalyst. So there is a very small chance if we have one of the few possible scenarios that is a catalyst that creates a market move such as it did from April 2021 though July 2021 when China made its multi-step move to Ban Bitcoin in every way it was able.. THAT COULD PUSH PRICES DOWN AT MAX ANOTHRR 51.5%. BUT THIS IS STILL HIGHLY UNLIKELY. We wont be going back to or below $28k because.. 2. There is no such technical pattern known as a Triple Bottom, such a pattern would be a double bottom breakout failure into a first re-test. If that re-test is a higher low, you can look for a higher low pattern upward from there. If the re-test in the range of exactly the double bottom (within a few hundered pts) then you would be looking at a very weak bull and has a high probability of dead cat bouncing off then bottom on that third time and then would soon after fail its breakout attempt and it would break. 3. We wont be going back under $28k and that i can say with 99.9% confidence that it wont happen. We would need much more than an exhausted bull to make it happen. We already started creating higher lows starting during out first bottom back in 2021. You can make a trend line actually that would start from the wick low @ $28.5k and then use a second wick low after @ $29.3k. COINCIDENTALLY ENOUGH that same trend line, that would be looking for a 3rd bounce to become a confirmed trend, are one in the same. This would be a third higher low at @ $32.8k wick low and candlebody close @ $35k (.5 fib ext.). A 4TH higher low came with a large single wick down @$34.9k and the candlebody low was @$37.1k. Even with this most recent drop that ended up breaking above the .55 fib ext level (@$44.6k), we still have bottomed with another higher low. No large wick downs, and candles have been no lower than $37.5k So, theres a quite obvious trend that is ascending for the lows creating higher lows and the bears have run out of attempts to push us lower. 3a. The third confirmed bottom having that wick down to $32.8k had the significance of that blown up due the bigger significance of the candlebody holding above the .5 fib ext. WHICH IS HUGE! Whenever price action has tested the .618 fib ext and been rejected, it always goes back to test mid-cycle support at the .5 fib ext. If we break below, close below then usually we have out next candle confirm the .5 fib ext as new resistance to continue lower. But when the .5 fib ext holds support especially candlebody support above, and we continue to make higher lows, and higher highs this trend would hold up to the re-test of the .618 fib ext again. Upon this macro retest of the .618 fib ext, 1 of 2 things happen, a. We blast through the .618 resitance (especially if the first macro attempt that we got rejected off DID BREAK this level just did not hold it) or b. We would get rejected a third macro time which would bring an almost certain probability that we would go back to re-test the .382 fib ext level to test support there. Of which this level usually correlates to the .618 fib retracement level. 4. We have multiple major trend lines that have been supporting out higher low moves since our we started, and since our move up from 3800, up $69k, looking at the macro, the overall chart patterns made are symmetrical triangles, ascending triangles, and smaller ascending channels within larger ascending channels. All of which are within the main overall structure of a bullish ascending traingle that uses the .618 fib ext level as the flat top of resistance. So long as we keep the higher lows on a macro scale. 5. MANY of the Bitcoin On-Chain Data Metrics are showing that bitcoin is primed for a new move to the upside. There are also many chart indicators that have flipped back to bullish at the bottom. Eventually with all the bullish chart patterns that have been formed, in the middle of forming or are yet to be created, will be coming up to be broken betweem now and the end of 2022 The entire move dowm from $69.9k has been completely manipulated by market makers and FUD from the SEC. But with all the smoke and mirrors, it takes a special eye to see these ikinds of things. But Bitcoin has created one huge bullish divergence into ascending triangle using the .618 fib ext level will be broken and held as support again All in all, No, we wont be going back down to $20k or lower, No we wont be going back down to $28K to bounce a third time. I see it highly unlikely that we see price action break below $30k. I see it as unlikely that we are even to break below the .5 fib ext. @ $35k
BITSTAMP:BTCUSDLong
by Gamblers_Paradise
One small step for Satoshi, one giant leap for CryptoShort explanation, Math will never lie unless you can't do math. This calculation has been going on since the day we started and so far it's perfectly correct. What I want to share with you is the following: Gold is always 1 and 9 or 4.5. Gold at a top is 9 and thus the end of a bull run. Gold at a bottom is always 1 and therefore the end of a bear run. Gold between these 2 (top and bottom) is neutral, we continue with the trend or not. The lines between them are called noise numbers. Here you often lose the most money or as we call it SATS. The answer should be clear enough. Study the map. kind regards, the Woelf of crypto street. Whale you later!
CRYPTOCAP:TOTAL
by Member-berrie
2
BTC Bitcoin: No Hopium Discussion 2Hello friends, today I am completing a technical analysis on the 1W linear scale chart for Bitcoin (BTCUSD). In early December 2021, I posted a chart with a "no hopium" discussion around why I think BTC is headed much lower. That was when BTC was over $50K. See below. Now I am coming back with a "no hopium" discussion part two, but this time it's much more simple on the chart and narrative. The current Bitcoin price broke below a very important triangle pattern that started forming at the end of December 2021. Since this is a weekly chart, the price may get a wick down and re-enter into the triangle, however many other technical and economical indicators show that we may be headed much lower. The target of the triangle pattern comes down to the $22K-$25K range and the target of the bear flag pattern comes down to the $5K-$7K range. Since this is a weekly chart, the pattern may take time to form. The only way I can assume Bitcoin may be headed to all time highs again is if the price can move above the $50K level for a week and hold that price, which has been a major resistance area. Some of you may look at this chart and say it is very basic, but I have also put up all sorts of technicals and oscillators like Ichimoku Clouds, EMA, SMA, RSI, MFI, Stochastic RSI, MACD and many more on various timeframes and the data still shows downside pressure. So I kept it basic for this chart. Since the making of the "No Hopium" Discussion post on December 2, 2021, Bitcoin price is down 35%. In number terms, if you had $100,000 in Bitcoin, you would be down to $65,000. That's a $35,000 loss. Be careful and focus on the charts rather than some of the folks that make stories to earn followers. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
13
Tracking Market Maker Activity Part 5Padawans, If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped. I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.
Long
by Skywalker-thelastjedi
3
5-6 Months Left of Bitcoin Bear marketRevisited this long term chart and updated it. It's really hard to be bullish after revisiting this. To expect BTC to start being in a medium term bullish trend would be to expect BTC to do something it's never done. We're currently at the halfway mark towards the next halving, it's always bearish and in a medium term downtrend during this time. Per my calculations Bitcoin will be in a bear market for the next 5-6 months and then it will hit a bottom capitulation area probably around the $21k-$25k area. Of course it's very possible Bitcoin could do something it's never done before and I sure hope to hell it does but I'm leaning towards continuation of bear market behavior till this next October-November.
BNC:BLX
by GhostRyeder
7
BITCOIN, Major BROADENING-WEDGE To APPOINT BREAKOUT!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. In the recent times, important and crucial changes have occurred within the whole market and we can watch here institutional interest is increasing for Bitcoin, furthermore, there are countries such as Mexico looking to adopt Bitcoin as a legal tender, and institutions such as Micheal Saylor with MacroStrategy buying further Bitcoins. These factors indicate a continued increasing positive sentiment moving on for Bitcoin while adoption is still moving on. Nevertheless, it is also necessary to watch for the technical factors and see where Bitcoin is likely to heat within the upcoming times from a short-, middle-, as well as long-term-perspectives. In this case when watching on my chart we can see there that Bitcoin is building this main broadening-wedge-formation with the coherent wave-count within the formation almost already completed with the waves A to C and now as Bitcoin bounced within the lower boundary this is actually building the setup from where Bitcoin has the ability to build upon and continued to setup finally developing a breakout. Once the breakout happened above the upper boundary as marked in my chart this will be the setup from where Bitcoin has potentials to continue with and this will activate the target-zones within the $47,000 level marked in blue in my chart. Once this target-zone has been reached the situation needs to be elevated again and Bitcoin needs to show how it continues from there on and if a possible further formation can lead to a continuation, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
24
BTC Movement long - Loading- BTC shows movement volume into small range trading - Targets for BTC- 44k Breakout chance 77% Increase period 1-15days Why increase? - Confirmation of 42800 means an important trend line that could bring BTC into a new uptrend. ( at this moment the price are below this target) - The Area where we are now is an important price action - see also 21-3-22 where volume did start at the same point as now. - Volume indicators and flow trading ways show breakout trends activity. - Depending on price action BTC have since 24-01-2022 a main target to hold the before price action as the chart shows. (long term trend) The above models are the expecting frames, which means there is no guarantee it will happen 100% It's important to study all-time you trades well before entering any market. It's always important to check the markets on all sides - markets can change all time.
Long
by Goldenbreakout