Christmas HopiumI will be the first to admit I have missed some expected targets on the year so far. Many of us have. I like many of you am shocked to see us here at these Bitcoin levels approaching year end. Is all lost? No-Bitcoin continues to reward those who are patient. To all those who follow the Shark, Merry Christmas! We are right there on this Falling Wedge. I'm looking for a pop back to 53K that is the level where Bulls can get some momentum going. Let's look for this Christmas move we all want. Best to each of you. Remember ALL GREAT SUCCESSES ARE THE TRIUMPH OF PERSISTENCE.
BRONSON-TheSHARK
Bitcointrading
Bitcoin Analysis 19.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BTC Real PictureHello Everyone,
Since the video 2 days ago, BTC has suffered a small down move to 45500.
In this clean chart, I present you with the accurate BTC picture at the moment.
Bitcoin it is currently trading above a list of many strong support. (200day VWMA, 52 week VWMA, VWAP)
This suggests that BTC is at a fair price, with the mean price set between 45 and 47k.
This one provides an excellent RR for bulls. However, a clean break, open and close below the 45-47 k level, will likely result in a significant downturn.
The signal for a safe entry will be a clear bullish reaction on this support with a break above the 52k.
I will likely wait for an open and close above the 52k before re-entering with conviction. Nevertheless, I will open a small position with every touch of support, and I will increase them if we see a strong green body candle with volume backing the move.
Remember to be safe. Protect your capital with Stop Losses and always enter with a clear plan, not emotions.
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Is Bitcoin in a small accumulation range? Wait for testingWyckoff Analysis in Crypto trading
Volume is low now.
I'm waiting to see price testing lower zone.
Do you like this BTCUSD trading idea?
If you find the article useful and interesting,
Please leave a comment or engage to see more posts !
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
BTC updateHello everyone,
As the weekend approaches, things should start to quiet down. Historically weekends are low in volume with fewer participants in the market.
I am sure most of you know by now that BTC is trading in a range forming a flat triangle.
Yesterday we had a clear liquidity hunting event with big players liquidating small participants on support to create liquidity to fill their orders. These are usually positive events that suggest demand from institutions and big funds at this level.
In trading ranges, the middle zone is a no-trade zone. Instead, if you are a trend trader, you will enter when BTC breaks the 50k level or 46k. However, traders usually buy on support and short on resistance.
BTC has already painted two fake-outs, suggesting that bears have a hard time pushing prices below and demands are meeting the supply. As supply will dry up, it will be much easier for bulls to move prices up.
In the very short term, I see BTC possibly retest the 45500 one more time to start than making its way up to retest the 50 levels.
I am personally leaning towards a bullish bias.
This is not just due to the different indicators which are oversold but also from the September Fractal explained in the previous video and from the Elliott Wave analysis, which suggests we completed a 5 wave down (Wave C), so we should have a reaction at least to 55k.
Nevertheless, if we pause and look at the macro picture, we can conclude that the primary and intermediate trend is still bullish, with the 50wMA and the 200dMA providing support. Also, there is a strong confluence of long term and medium term VWAP providing support in the 46 areas.
This means that Bitcoin is currently at its fair mean price, which usually provides a good bullish bias considering the Risk/Reward ratio.
My suggestion is always to wait for an open and close confirmation, ideally of a daily candle over the res or supp.
I hope this helps you have a clear picture of BTC and play your odds better.
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BUY THE LAST 2021 BITCOIN DIPBITCOIN last dip before the last 2021 Bull Run then will come the huge Bear Market.
This is surely the last 2021' Dip. Do not expect price to the pass previous ATH of 69k.
My secret was that the 2021 BTC market was an exact copy of the 2013 Chart. See the link to related ideas, and now you can go and verify.
From next week Monday, avoid shorting till clear Bear market confirmation, and that should be during the first week of Jan 2022.
In 2013, we followed the 1D TMF, but in 2021 we followed MA on 1W TMF.
I love you all and do not hesitate to ask me for questions. All comments welcome.
Bitcoin- I work with 2 bearish scenariosIndeed, Bitcoin's price has stabilized, but this doesn't mean bullish at all, my medium-term my view remains unchanged, strongly bearish...(don't shoot me, is only my opinion)
Looking at a short time frame chart (h1 in this case) we see that BtcUsd has found a base in the 47k zone, so, in my view, there are 2 scenarios from this point
1. BtcUsd will have a new leg up, and this can extend to the 53.500 zone. And this is my preferred one giving me a good price for my sell short trades
2. The second, a direct break and drop to 40k zone. And if we look closely at the posted chart we can see that we are in a descending triangle pattern. This scenario is, in fact, the most probable one.
In conclusion, for me things are clear, as long as Btc is under 53.500, is bearish, and the bullish scenarios are only wishful thinking
BTC Bitcoin: Prior FractalHello friends, today you can review the technical analysis on a 1D linear scale chart for Bitcoin (BTCUSD), a cryptocurrency.
1) The price recently dropped and has been consolidating since that point.
2) A prior BTC fractal (circled in the chart) could be potentially in early stages of the current price action. The price in that fractal took 63 days to consolidated before price started moving up.
3) If the fractal plays out with current price, that would bring the BTC price down to about $42K-$43K before moving higher.
4) Keep an eye on RSI (relative strength index) and Volume.
5) This is a fractal idea so don't assume it will definitely happen.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
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 EMERGENCY STREAM (DON'T MISS THIS)Hello Everyone,
In this video, I touched very briefly on the FED meeting of yesterday. I am then diving into the technical picture and what to expect next from Bitcoin.
The next 24H will be interesting.
Do not miss this update.
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BTC Overall OutlookAs we can see we have broken the 100 day moving average and found support on the 200 day moving average and within a key weekly demand zone. A break and close below that 200 MA could move us into the lows of the zone at around the 40k mark. A break of the 40k zone could send us down all the way into the 30k.
Bitcoin Daily FractalHello Everyone,
I wanted to share this idea with you as I think it is an excellent food for the brain and to dwell on.
I am not saying that it will play the same as in September, but we can deny that the similarities are staggering.
-RSI sam level
-Stoch RSI same level
-The support found on 2 VWAP from High and Low from long and intermediate trend
-Resistance found from VWAP set from short term rally low
-Same price action
-Strong resistance set by trendline
It will be interesting to see how this will play out. However, I won't hesitate to enter and add when BTC will break above the short term trend VWAP (black).
BTC is on a thin line, and there is a lot of squeeze building up. In the sense that there is a lot of liquidation power building up. Many stop losses orders close to each other. Similar to the last drop at 56k. High volatility is around the corner, and it can go either way. It s better to wait for the market to show you the direction rather than guess. Then we all have opinions and biases. Like mine, the FOMC has already been priced in the price action of last week and a half, so right now, retail traders are the ones selling, so I expect a buy the rumours sell the news type of action (reverse). However, the markets decide, so let s wait for it.
Will BTC break up or down?
My vote is up (To clarify, I am not entering now, wait for confirmation either way)
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BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day.
The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355.
Watch your money management and do your own research before trading.
If break it will be bearish season.
Look my previous ideas here:
note: only take position after confirmation and do your own research before trading.
Bitcoin Log Growth & Elliot Wave ProjectionHere is a possible idea on BTC:
With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues
Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth
While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area
Let's see how this plays out but this weeks close should give us a strong indication
Let me know what you think guys always interested to hear differing opinions