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Bitcointrading

Bitcoin overbought pullback, possible bounce back ?Bitcoin got overbought after the last big pump to the upside, but as always it has to cool off and wait for the strenght of the support. I belive that we might find some support to the 41.5k $ zone which it was act as a previews supports and resistance price. In order to have a good bull run we need to brake the 46k $ range where we face the strongest resistance to the upside for now. We wait and we expect for the next price. have a safe trading and always remember that Long term investments pay better! @CryptoDrou
COINBASE:BTCUSDLong
by CryptoDrou
Short Term Bitcoin Prices => Time for a Healthy Break or Not ... We are following the fastest flow-line (called Max flow-lines on the chart). If we cross the B1-$45855 point before the evening of March 4, we will maintain the maximum upward momentum that could bring prices to around $58,000 before March 15. There are still steps to take to validate this scenario! For the moment let's see how prices will oscillate or deviate from this Max Flow-lines (the Price-Time slopes of these lines are calculated by Physicaleconomics concepts independent of the market geometry). For the moment we are oscillating around the Long-term Moderate Flow-lines . In the short term, we are at the top of the range (red dotted line), prices will have to work this level and after the rapid rise of the last few days, it is time for the markets to breathe in order to resume a sustainable rise in parallel with the hunt of the shorters. In the short term this week, it is likely that we will see a correction between $39,400-$41,100 ( See red-box on the chart) at the end of the week before resume a bullish momentum to regain the Long-Term Moderate Flow-lines (in blue on the chart). Xavier
COINBASE:BTCUSDLong
by TheoKalia
1
BTC Bitcoin: Short-Term Price ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD). The chart is self-explanatory. Price has the potential to get back in the $40K region before meeting with significant resistance with the Support and Resistance Trend Line zone, and Ichimoku Cloud. There may be an Inverse Head and Shoulders Pattern forming. Volume is consistent. RSI, and MFI are at support lines and MACD had a bullish cross. Check out a few macro timeframe perspectives in the ideas below. 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
It was fun while it lasted - follow-upBut sadly, everything eventually comes to an end. Incuding this trade :) --The previous post got taken down, so this is a re-upload :)-- This was indeed the best trade I have ever taken. Thank you guys for following along with me <3. We are brutally oversold on the 4h timeframe. Bears think they have won. Not quite yet though. I expect BTC to find a local bottom from anywhere between 36,5 - 37k. We will then do an ABC correction to around 41,5-42k. Many people will switch bullish on this move. It might even look impulsive. Don't let yourself be fooled.
BYBIT:BTCUSD.PLong
by PerpXBT
2
BTC Bitcoin: Monthly Log Chart UpdateHello friends, today you can review the technical analysis on the 1M (monthly) log scale chart for Bitcoin (BTCUSD), a cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day chart. The Bitcoin price has been in a Parallel Channel since early 2013 with the price being supported on the bottom and top trendlines. The Median Line of the Parallel Channel is extremely important as it has helped determine when a Bear Market has come for Bitcoin up until now. The current price range is at a critical level as it was in September 2017 when the price broke below the Median Line but regained momentum and within a few months it reached an all time high with a blow off top around $19K-$20K. Similarly if the current price can get back above the Median Line, there may be a potential for a Parabolic Run to the top of the channel at around $275K. The targets were determined using a Fibonacci Extension tool showing the price in 2017 reached the all time high between the 4-4.618 Fibonacci level. Assuming this may happen again, the 4-4.618 Fibonacci level is around $275K range. It may be higher or lower a bit but around that price. The chart and analysis is based on historical data trends and the price of Bitcoin does not need to follow that. It is extremely important to keep a close eye on the Median Line over the next few months. 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
233
Bitcoin Do or Die?Looking at this 4HR chart it seems Bitcoin could be up to something! My whiskers are telling me that Bitcoin is at a critical level. If we move down from here I will be looking for a bounce at around $39,300. If that happens I would call this a Bullish 5-0 and would be looking for more upside. This would look like continuation and I would start to think the bullish trend is once again valid...at least until we get to the bottom of the blue channel! If we dropped below that my next level to look for support would be around $34,600 to $33,000. If this level fails then for me this means we had a fake out break up out of the bull flag. This would be the signal to me that a longer term bearish trend is developing. If this plays out then my target for a bottom would be around $16,000. A quick glance at the monthly chart shows that we need to finish the month above $48,102. If this doesn't happen then I will consider the Bullish Cypher in play. The PCZ of the Cypher on the monthly would be just above $16,000. I will post the monthly chart as an update to TradingView idea. Owhooooo!
BITSTAMP:BTCUSD
by Akamer-the-Werewolf
2
The next sell zone on BTC | Where should we enter?This is our video update on Bitcoin. In the video, you can clearly see how well our last analysis played out and that price is moving just as expected. After the next consecutive push down and market reaching the support of around 36500$, we now expect that another pullback will follow. This will be great as it will give us another entry opportunity. However, before we draw our zone correctly we have to make sure that price has started this pullback, which is not yet confirmed. We're looking at the same setup, that we shared in our previous analysis but this time at lower levels, which also confirms the downside continuation. To find out the exact levels where we expect to get another entry, make sure to follow us. Good luck!
COINBASE:BTCUSD
by ForexTrendline
19
BTC Bitcoin: Predicting The FutureHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The BTC price has a possible Head and Shoulders Pattern and/or Triple Top Formation forming. Generally in a H&S Pattern, the right shoulder is smaller than the left shoulder. In this case, there is significant resistance around the $60K range as indicated by the VPVR. Assuming the price drops from that point and the bull cycle is complete, the drop in BTC price of 80% (average from prior years) could bring the price to around $12K, where there is significant support. Lastly, there is a potential bull flag forming in the recent price action, which has a measured move inside the resistance box. Please review the notes within the charts as I outlined many things including a possible bull cycle date. Naturally this is all future predictions so let's see day by day how it goes. 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
352
BTC Bitcoin: S/R and Bearish PatternsHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The chart is self-explanatory. There are multiple bearish patterns noted in the chart. RSI and MFI have been moving up very quickly but Volume has been declining after the recent pump. The $47K-49K region is extremely important with Fibonacci Retracement, Ichimoku Cloud, Multi-month Support and Resistance Line and top of the EMA ribbon coming together. I would be cautious until we pass that price area. If you are going long, consider a tight stop loss. Technicals shown in the chart: Trend line, Support and Resistance Trend Line, Rising Wedge Pattern, Relative Strength Index, MFI, Double Top Pattern, EMA, Simple Moving Average, Death Cross, Head and Shoulders Pattern, Fibonacci Retracement and Volume. 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
15
2022 Macro ViewHope you are all holding strong and staying the course. It was a great spot to dollar cost average these past few weeks. Its's never fun to see Bitcoin dump like it did but I'm so thankful for all the new entries in the mid 30's it provided us. No one knows the course but I feel like this is our most likely path for 2022. Things can always speed up with Bitcoin but the idea is to never get too excited or down about the temporary outcome. We are playing for the long game and we must stay patient. Every life challenge provides us a lesson and can be a blessing. Hope you are all doing well. Thanks for the nice messages these past couple months. Some of you guys are really doing awesome with your buys. Time is our friend. Keep swimming. -BronsonTheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
22
BTC Bitcoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin ( BTC ). The chart is self-explanatory. The price is inside a Descending Broadening Wedge pattern (locally) but still inside a Rising Wedge Pattern, when zooming out. Multiple Support and Resistance Lines are shown on the chart. I also included in the chart the 50 SMA and 200 SMA (recently death cross occurred), Ichimoku Cloud, RSI, and Volume. 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