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Bitcointrading

Bitcoin: Inside The TriangleHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). BTC Price looks like it is headed back down. The chart shows how many touches on the top and bottom of the triangle in both price and RSI. Keep an eye on the 0.382 Fibonacci Retracement level as well as the 0.618 level if price starts moving up. Also if price starts heading upwards, keep an eye on the Ichimoku Cloud resistance above. 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
5
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD). BTC price is inside a triangle pattern and is back into a support zone. The BTC price may make an attempt to get back to the top of the triangle but will get resistance at the S/R line as well as the Ichimoku Clouds. RSI and MFI has room for growth and MACD turned bearish. The chart has multiple Support and Resistance lines and zones. Please review. 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
BITFINEX:BTCUSD
by MillionaireEconomics
6
💥$20k BTC Is Coming...The Chart NO ONE Is Looking At💥 (Part 1)Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! This analysis is part 1 of a 2 part series in which I will make the (unfortunate) case that Bitcoin will eventually reach the low $20,000 range before rallying back up to +$100,000 and hopefully higher. In this chart, the setup is Bitcoin on the Weekly time frame, set to a Logarithmic scale with 50/200 Moving Averages. This is one of the best charts to observe the true macro nature of a cryptocurrency. And since Bitcoin has the most historical data, it's a great chart to use to put the crypto market in perspective. Going all the way back to 2014, there have been a total of 4 times in which the price fell below the 50 MA. And EACH of the previous 3 times, the price has come all the way down to the 200 MA before bouncing back up. It has taken an average of 250 days for the price to touch to 200 MA after breaching the 50 MA. This would put Bitcoin in a continued downtrend until somewhere around August/September 2022. Of course within this downtrend, Bitcoin may have rallies to $50k or something but the strong historical evidence is that there will be a continued downtrend to the $20,000 range. Why does this happen? The technical mechanics are that many of the large Wall Street firms are not actual traders hunched over their computers using MetaMask to buy & sell crypto. It is estimated that 70% of all stock market and crypto volume is bots. The Wall Street firms have basic rules for their bots such as sell crypto if the price falls below the 50 MA and buy buy buy as much as possible when the price gets to the 200 MA. It all becomes a self-fulfilling prophecy. What are your thoughts and opinions on this forecast? The more we all chat about this, the stronger and more profitable we can all become.
BITSTAMP:BTCUSDShort
by TheUnbounded
17
Bitcoin Prices = the $42900-$43500 range.Will It Be Respected ? We still have all day tomorrow March 10 to respect the convergence zone between published last February 28, despite the high volatility of the markets. Prices are now returning to the lower bounds of the long term and short Term of the blue moderate Flow-Lines calculated according to econophysical principles. Following the respect or not of the convergence zone calculated at the end of the last month we will then be able to establish new targets for the future. Tomorrow will be an exciting day ! What is your opinion ? Xavier
COINBASE:BTCUSDLong
by TheoKalia
Bitcoin might drop again and why ?Hi, First of all, congratulation everyone, who followed the trade from last post. We got 40% profit. In this post we will discuss about the potential move for bitcoin. Right now, BTC is at 39-40 k resistance zone. After the recent dump, we cant see any whale buy which suggest still BTC lower is out there. From last 4, 4 hours candle we don't see enough strength in volume, which can break 40K. Moreover, Bitcoin is following a ascending channel and the bottom is around 35.5K. As BTC already visited 37K support recently, I am expecting a dump towards 35.5 -36K. Furthermore, EMA ribbon giving all types of resistance at 39-40 k range. All suggest a good drop. 10X leverage only. Short Entry : 38.8K-39.2K Stop loss: 39.9K Take Profit: 35.6K (Safest option: 36298) Thanks. Regards, A friend who does trading mistake like you :-)
Short
by Knhaque
BTC last waveHello everyone, I know it has been a while, but I have always been here. So far looking at my last post we nailed it with a touch of 34k and a bounce. However, I was expecting a much faster capitulation to 28k. Instead, we have been consolidating creating a classical triangle pattern, typical of wave 4 in Elliott wave analysis. In the chart, you can see I am expecting one last attempt from bulls to push over the strong resistance at 45k to then capitulate all the way down to 28k to conclude this retracement and start the new bull market. Let s see. FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
2
BTC Bitcoin Weekly Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD). The chart is self-explanatory. A recent Gravestone Doji Candlestick was printed indicating a bearish possible trend. There is also the concern with the bearish divergence comparing Price to RSI and MACD. Lastly, I showed the Fibonacci Retracement with the 1.618 level coming around $10K-$11K, which is also a heavy traded area on the VPVR. This is the weekly chart so have some patience and until the chart shows something otherwise, the BTC price is looking bearish. 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
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD). Bitcoin price broke above an Inverse Head and Shoulders Pattern which was forming over the past few days. The measured move is shown on the chart. There is a Local Support and Resistance Trend Line which has been holding the price down for a while which Bitcoin needs to get above and it is currently trying to get above it. The line is also at the 0.618 Fibonacci Retracement area where there is also a strong support and resistance zone. There is Ichimoku Cloud support and resistance ahead. The price has made its way above the 4H EMA ribbons. RSI is currently facing a major resistance area. The MACD crossed bullish recently. Volume has been consistent over the past few days. Until Bitcoin price does not break above the local S/R line, it is still looking concerning. Lastly, since early November 2021, I have been warning people of BTC and crypto market in general price drop. Crypto Twitter and YouTube influencers have money to make so they will keep pushing for higher price indications but be careful who you listen to. November 30, 2021 closing price was $56,987. 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
💙💛 Bitcoin preparation for $30,000. March-April expectations.Hey guys! Its been long time since last update for tradingview:) If you like this chart, please use Like button 💙💛 In this hard time, all Ukrainians fighting for our freedom and peace🙏 Bitcoin price reached $45,000 price in early February. I have expected this move upside from $33,000 since December 2021 — here is the proof: Now we are working in sideways trend, which is pretty slow, but wide range $44,000 - $35,000 Now we need to verify this structure by hitting (D) and (E) sides of triangle. Target might be near $30,000 or even lower. Consider to use low risk p osition sizes in current market environment, it may safe your investment. Don't trade against short-mid-term trend, especially with leverage. Stay safe guys, and pray for peace in Ukraine
BITSTAMP:BTCUSD
by ArShevelev
16
BTC BULL MARKET NOT OVER! The SICKEST Market Manipulation EVERHey all Gamblers Paradise here with another crucial update on the Bitcoin Price Action. Just wanted to remind you to please like and comment on this post if you have found use for it in your trading analysis and be sure to also Like & Follow my Trading View account to get these updates as soon as they come out! The SMART TRADERS are SMASHING the LIKE, REP and FOLLOW buttons on Trading View because you want these updates and insights into what in the hell is going on with Bitcoin and other Cryptocurrencies. First off lets get into the charts. As I said last time, we break below the $53.8k price point with no volume and it was lower prices we would see.. And what happened? We had a daily candle close below the $53k price point and we proceeded to dump the very next candle down to $41.1k (just $2,100 above the lowest point i mentioned) Any of you that saw this coming, and got your limits down in the support range i had ranged between $39k and $46k.. CONGRATS! Ill make the current analysis quick since bitcoin is pumping and we need to get back into the charts. The other SMART TRADERS I converse with and I have agreed that this was a Wycoff Distribution Schematic Top breakdown from the $65k and $69k tops we made for the second time on a macro scale now while having two heavily bullish patterns fail and break down to the $41.1k price point. SILVER LINING, WE NEED BITCOIN TO BREAK ABOVE THE $58k PRICE POINT AND STAY ABOVE IT FOR THE MONTH OF DECEMBER OVERALL. IF WE CAN ACCOMPLISH THIS, THEN WE ARE STILL SEEING PRICE TARGETS BETWEEN $130K AND $140K THE START OF FEBRUARY 2022. CAN WE ACTUALLY ACCOMPLISH THIS?? ESPECIALLY WITH THE BREAKDOWN WE JUST HAD... Yes, this is quite possible actually, and it we could still even possibly see $100k by the end of December, just depends on when exactly we break the $58k point and continue to move higher. The small handful of other traders I consider to be Experts in Technical Analysis and hold a very reputable status in the Crypto Market, We all saw the Wycoff Distribution top coming. We all saw the failure of the two heavily bullish patters we had made as a last effort before the breakdown. We all see the symmetrical triangle that we have made after bottoming at $41.1k and this symm. triangle having its resistance touched MANY MORE times than the Support side. BUT THERE IS ONE HIDDEN PATTERN THAT I HAVE NOT SEEN ONE OTHER ANALYST SAY ONCE... SO ALLOW ME TO BE THE FIRST! This hidden pattern has been a very obvious chart move that embodies every last bit of screwing with the market psychology. And this time it is absolutely sick in the market psychology manipulation that it has caused a shift in. This is a pattern that bitcoin has made a few times in the last 7 years that CONFIRMS THE CORRECTION WE ARE IN IS OVER! It is one of the only chart patterns that exists that will do the exact opposite at first when its true intention is price action to the opposite of the first move. As you read in my last analysis, THIS IS THE POINT WHERE WE SNAP THE BEARS BACKS Here is what i mean.. In the figure above^^ Date Rage of about December 2014 through December 2015 In the figure above ^^ Date range of about December 2018 through September 2020 While in a bear market We see this pattern confirm that the correction is over, when We see the correction phase bottom the first time with an average of a 55% move to the downside. The we have a reaction rally that after it tops under the last ATH's downtrend resistance line. Followed by sideways price action, into what looks like another attempt to re-test the last ATH's downtrend resistance line. When the volume does not support the move upward to re-test the resistance trend line, we start a price action move to the downside that becomes whats called a lead in. The lead in has at least (3) lower high touch points that are very close to one another which confirms a downtrend resistance line. This would create a double top along with the reaction rally plus the sideways price action and now a confirmed downtrend line off this second top. We follow this confirmation a specific dump to the downside that also maintains roughly a 50%+ bullish momentum wick. This dump would also create a the correction phase or bear market double bottom in a larger macro perspective. Despite the dump having a larger overall size in March 2020 compared to back in 2015, the reason for the size difference relates to the COVID-19 Virus being announced as a national emergency by 50+ of the largest nations in the world. HIDDEN PATTERN FOUND: Both of the charts above show what is called a Bump and Run Reversal Pattern. A Bump and Run Reversal (BARR) is in face a BULLISH pattern despite it having a quite large breakdown and dump to lower prices. This dump is shown to be anywhere between 40% and 60% to the downside. And we have followed this dump with a long term bull market trend. First move after dumping 40%-60% to the downsize, from wick bottom is a macro-pump of about 220% Market Psychology/ Market Maker Analysis Remember that Market Makers are looking to position their longs/buys while the price is moving down, and then position their covers/shorts/sells while the price is going up. All of which are placed at pre-determined points . This type of psyche out will happen when market makers are looking for additional volume that is not their own to continue further movement in a trend. But when the market psychology and sentiment is or already has become heavily biased to the side that we need volume to come in. They will remove almost all of their volume and place small sized DCA filler order blocks. An easy way to see this lack of volume or unevenness to the market is by looking at the total longs vrs total shorts charts. This is where we would see the market makers look to do the exact opposite of what the entire markets' expectation is looking in price action. A large psyche out move by the market makers, that is able to shift the market sentiment to where many of those traders that tried pricing in the market with early positions that were just sitting and waiting. And all these positions were based on assumptions and expectations community sentiment bias. Once the psyche out move is made, those who do not understand what i am saying right now will play right into the what the market makers want you to do and have now changed your bias and with numbers changing the bias will change the overall sentiment the market. Pattern Schematics: In the Bump and Run Reversal for the bulls, they cause a price dump by drying the buy/long side of the order book and that makes the sells/short have to start market selling to what buy orders are in the order book. Normally this is sparked by extreme fear in the Greed/Fear index and will be retail traders that had longs/buys in position already, and have now covered their position. Once the price has dropped enough, more will continue to panic sell into the lack of longs/buy orders there are in the order-book. Thus causing the Bump and Run Reversals very large dump candle. After breaking down what exactly market makers are looking for and doing. Lets look at the current and recent price action from 2021. Coming off the last Bump and Run Reversal in to a parabolic move to the upside to break the previous ATH of $19.8k. We then move into an over-extended trend by going all the way up to $42k, due to institutional investors jumping in and then the crypto craze to the traditional markets once again ensued. We should have taken our 55% correction that we did from there an then been able to re-test the previous ATH at 20k for support. But instead we had Elon Musk announce his move into Bitcoin at $31k and also Teslas purchase of bitcoin to hold on company reserve assets. This fueled a new buying craze, going from $34k to $64k, which would actually be considered a blowoff top. BUT we did not top in the fashion of a blow off top. Instead we rounded off and formed 3 low volume higher highs for the Wycoff Distribution top that we formed off the $64k top. And as I said and the charts show, we made a correction size move especially when you are to consider how with where bitcoin is at in the logarithmic regression curve, all of our macro chat action should becoming smaller in percentage and then larger in price moves. These moves would also become more elongated as time goes on as well. Given that we do not know what new bear markets total drop in % would be, it could very well be 55% now since we have had what is called a Mid-Cycle Correction Phase. Bitcoin has not had a Mid-Cycle Correction phase since the supercycle of 2013-2014 where after going parabolic it dropped about 82% in what would look like a very short bear market, until it started its next pump thus completing the bull market for that cycle. Currently, it is seen to be that we are in that same kind of Mid-Cycle Correction phase. And after recovering off our $29.5k bottom and then breaking our $64k ATH, we make yet another Wycoff Distribution top with tops at $65k and an current ATH of $69.9k. The reason we did not break the $70k level and go to the projected price target of about $72k-$74k from what could be extrapolated off our previous move. We formed what looked like an extremely bearish scenario for bitcoin, having this MACRO double top that was made with a wycoff distribution schematic on each top. There was some bearish sentiment from this. These people are idiots when it came to the fact we were in a triple falling wedge formation with 70%-80% pumps to the upside and on top of it for the pattern to be a confirmed double top, the first ATH of 64k should have held as resistance, not allowing us to break it. These two bullish points are what held a lot of bullish sentiment still. SO the market makers had to get that sentiment shift from the majority of people and get volume going in the opposite direction to where the trend could continue to the upside since we did break the ATH of 64k. Now after explaining all of this highly complex and analytical crapola.... what the market makers have done, is disguise the second top that was a wycoff distribution top and breakdown, into a bullish Bump and Run Reversal pattern. This is obvious given that after making our net ATH at $69k after breaking the previous at $64k signifying more price action to the upside has a high probability, all we needed was Buy Volume. A Wycoff distribution breakdown into a bump and run reversal shook out so many weak hands that its crazy. The bullish momentum wick off the $41.1k bottom shows the bullish momentum and sentiment to the price action even across then entire $28k drop we've made. And as SMART TRADERS, we look at any and all logical and rational outcomes that are supported by data. If he price goes up, we had a plan of action setup to where we're making money. If the price goes down, we had a plan of action setup and we're STILL making money! We don't trade with an emotion and only have a bias when its being supported with confirmations within the chart that support that outcome. As of an hour later while im concluding writing this, the current price action shows we have broken the symmetrical triangle we have formed to the upside, and appears we are holding support above this as well at $50.5k. As long as we do not by any means break to back into or below the symmetrical triangle, we are looking at an extrapolated breakout move to the upside which would bring us up to the $53.4k price point in the micro perspective. In the macro perspective, we hold an even higher probability of making the 220% pump starting at wick low from the bullish bump and run reversal bottom. This gives a first macro price target of $130k - $140k by the beginning of February 2022.
INDEX:BTCUSDLong
by Gamblers_Paradise
2
Bitcoin Bearish Butterfly ScenarioLooking at this daily chart it seems that Bitcoin could be forming a Bearish Butterfly harmonic. My whiskers are telling me that if this Bearish Butterfly develops then we could see new all time highs by May/June. The minimum D point would be about $78,504 and the top range of the PCZ would be at the 1.618 XA, around $90,963.06. For me, once we get above $45,855 (B) I will feel more comfortable with this pattern and be looking for a retest of the previous ATH and a potential breakout above it to test the numbers of the PCZ of the Bearish Butterfly. What do you think? Owhooooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
8
$43500 on March 10 Is Still Possible. We Are At The Crossroads !Hi, We are at the crossroads. The $41000 levels have not held. It becomes impossible to quickly regain the growing pace of the Red Max Flow-lines. The bullish scenario is not dead. => As expected at the beginning of the week (see links below), We can still pursue a moderate rise by following the blue channels of the Moderate Flow-lines. => For this to happen, it is essential that the time-price matrix (red rectangle) holds. We are in the lower limit. The behavior of the weekend will be crucial to maintain the bullish scenario. If the $39400 level does not hold, we will find the bottom of the range : $33000. ** It's an exciting time, what do you think ? **
COINBASE:BTCUSDLong
by TheoKalia