#analysis 64 - The UptrendSo far the midterm trend is still up with multiple up move bars. The trend is still very steady, and now is not pretty good to short if you do trend trading.
However, keep an eye on the long-term.
Bitcointrend
BTC 19k! Just for fun! I was looking for a pattern of percentages, drops, or increases. So now, according to the chart, BTC drops to 19k. If it wasn’t that precise, I would not post it. We have two drops of 50% below the green line of the indicator. We reached a 32% drop from the same indicator line on the third one. I would be inquisitive if this will get to 50%, which is19K. Of course, this is just for fun. I don’t take it seriously, but I hope it serves a good purpose.
BTC Support and Resistance | Direction and Price Analysis- I told BTC will down to 18 K at December 21,and published confirmed analysis of it 3 day ago, 2. time the analyse removed from here, I publish it 3. time .
You can see from the graphics which published before.
These analyzes have now reached the expected support levels. Most likely, an upward movement should start now. But there is a fact that when we check whale boards with api queries, whales expect to collect goods at lower price levels. Although the accumulated orders here suggest that the price may decrease to 12K, let's try to predict the course technically with the language of graphics and indicators.
When we look at the big picture first, we can think that the D leg of the harmonic pattern may sag below fib 1.27. This gives us the 18K price levels.
When we look for a formation within fractals by narrowing the frame a little more, reducing the time period, chart with bar candles simplifying and clarifying the , this time we come across the classic head and shoulders formation. In this formation, the head and neck depth shows us the 18K price levels given by the fibonacci 1.27 measurement just before.
In the graph above, when we look at the old accumulation zone marked with a pen in the region that appears to be the target of has and Harmonic pattern formation, we also see that the accumulation zone is compatible with technical measurements. In addition, we see that there is an old strong accumulation area in the 12K levels pointed out by the whale book orders we mentioned at first.
In short, I think that the price will fall to 18k, but the fact that 12K is a strong area and that the accumulated whale orders in the stock exchanges are accumulated at 12K levels suggest that the price can hang here. But my personal opinion is that it will not fall to 12K. I think that the price will be in the consolidation for a while in the range of 23-18 k and will start a upward movement.
When we continue our measurement with other technical tools, when we project the peak with the schiff pitchfork and fib from where the trend first started, it confirms that the current price level is the resistance area, and if the decline continues, the resistance area it will encounter in the future will meet the price as a support, as we mentioned again.
But as I said, it is not my personal opinion that it falls here, I only evaluate the technical measurement. I think the price will return from the current levels by throwing a needle to 18K at most.
But just in case, I tried to explain the measurements without skipping the measurements in order to develop a perspective against all risks in your strategies.
If we draw a fib trend channel guided by the Gann box, first of all, when we look at the weekly period;
We can predict that the intersection of gann 0 and fib channel 0.5 will act as support in the 12-13K range.
Even though I don't think it will drop to these levels, I still share the measurements. I have also shown the compatibility of this area with the previous accumulation zones in the graphic below.
There is a strong possibility that the gann and fann intersections will also work as resistors in the future. I have marked these areas with a green pencil in the chart below.
If the decline continues, the green areas are marked as resistance, and the red areas as support and accumulation areas in the graph below, where the common fractal intersections are given.
The chart below is just my assumption, apart from measurement and analysis. I am not saying that it will be like this, but if we think that a new formation or pattern will emerge when the current harmonic pattern is completed, we can think that a new harmonic pattern may be formed by thinking that the green regions will work as resistance and the red regions as accumulation and support areas, as we claim in the current measurements. In this case, a graph will appear as follows.
The above graph is my personal view and a hypothetical drawing. I suggest you don't take it seriously. If you follow a path like a graph above, we can assume that prices can rise up to 32k again and will experience a serious decline from there again.
Now I will share a different graphic with you. You may think that the graphic I shared above is a coincidence. If we explain the graph;
First of all, what is this?. It is a form of measurement that is not included in the information in the books drawn according to the Fibonacci time period using Gann measurements.
I want you to look at the dates at the bottom of the graph. January 1, 2020 etc.
A gann box was created by taking the fibonacci time frame of the trendin, which was formed when Bitcoin was reflected on the first tradingview charts. This gann box measurement was replicated sequentially with no change. The Fibonacci 0.5 level of all gann boxes is marked with a vertical line. This marked fib 0.5 level detects all radical changes in direction from the time of the first chart to the present. If you look at the candles covered by the boxes I placed in the middle of the Gann 0.5 vertical and 0.5 horizontal positions, these candles have always changed the direction of the trend.
What a coincidence, these breakdowns occurred on the 1st day of each month, according to the chart we watch monthly. And it's been 3 years in a row this January.
The 12K price levels I mentioned in the first part of the analysis again coincide with the 0.5 level of this gann box. I hope this doesn't happen. I don't think it will. As I said before, this is a hypothetical approach. So I don't want you to blame me. Because I say it's conjecture. In this chart drawn on a monthly period, we see that the next major trend reversal coincides with January.
I guess only then will I be able to confirm the accuracy of this hypothetical technical drawing, although it is based on technical measurements.
If we talk about indicators a little bit; We can see that the sellers are still strong in Aroon .
rsi has fallen below 20 in the daily period . From here we can expect an upward test turn.
The cmf indicator is also -0.23 in the daily period as of now . Cmf indicator is one of the indicators I care about. It does not cause any loss in purchases made under cmf -0.20. If it is -0. 40 and below, you will definitely profit. So a test return can occur according to cmf . Accordingly, I think it will turn up by a spike at 18K levels.
Finally, Adx shows that the downtrend is still continuing.
Summary: 18-21K seem to be suitable regions for reception. But the graph data showing 12K requires us to be careful. Accordingly, after purchasing an amount between 18-21K, a stop can be written under 18K. Buying incrementally and selling incrementally is always a more profitable method in my opinion. Of course, the most accurate strategy for you should be your experience and observation. I recommend that you do not trade with what I or others say.
Do not let my or others' analyzes and statements mislead you. What I'm saying is just to add a new perspective to the point of view.
ps note: This not investment advice.
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Bitcoin trying to fightback but stiff resistance weakness ahead.Bitcoin trying to fightback but stiff resistance ahead 33031 which was a major support is not a major resistance.
Supports for Bitcoin: 29757, 28616, 26101. If 26101 broken next major support will be only at 19808. (reaching 19808 very likely in the medium term).
Resistances for Bitcoin: 33031, 34787, 37173 and major resistances will be 39303 and 43086.(reaching 43086 very unlikely)
BTCUSD AnalysisIn my opinion, the general trend of bitcoin is declining and will reach a minimum price of 30,000, but in the form of shorter fluctuations, my opinion is that it reacts to this broken trend line and returns to the first resistance area and then falls again. But there is also a 30% chance that it will see a higher area and then start to fall.
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!
Bitcoin perfect parallel channel and bounce!Looks like BTC on the weekly has bounced off a level that makes a perfect parallel channel.
My view on this is extremely bullish and of course it all depends on how the fed meeting goes on Wednesday...
But if we bounce more here it's looking really good for a few months. All I need is the weekly candle to close strong for confirmation.
Bitcoin Moon or Doom?Looking at this 4hr chart it appears that Bitcoin is at a critical level.
My whiskers are telling me that there are a few different possibilities moving forward.
One way this could play out is, if the Shark and subsequent Cypher harmonics are valid, then we would and could see a strong move to
the upside. I would like to see BTC move up to about $54300 and start to build support (the .786 yellow Fib on the chart).
Another way things could develop is if we see another leg down. If this happens I will be looking for support around $43,000. This could be a back test of the giant bull flag break out. A strong bounce here would mean we could see a move towards the top of the channel and that could mean new ATHs. I will also be looking at $42,000 as a "make or break" area. A move below $42,000 and a back test as resistance would indicate to me that we could be going much lower.
For now, I'll be waiting in the bushes and watching to see which way we break out of this zone (defined by the yellow Fib).
What do you think will happen next?
Owhooooo!
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 riseAfter a hectic month of bitcoin falling it just might seem ready to start a rising or bullish pattern so just look out for that it might have to go and fill the wick to create an upsode down head and shoulder or just might be turning here though i doubt it cause wicks need to be filled before it changes directio, not always though, but you never really know with these thing so just be hopeful and prepare to buy...
$BTC SHORT POSITION AT 52KBTC has broken the 55K & 52K level, we did have a strong rejection at 40K where it's the base zone where second rally started and created the new ATH . I am expecting a retest to at least 52K, then move downside to 38K and possibly down to 30K
Let's see how it plays out. :)
#BTCDOMINANCE BTC Dominance Chart 1M BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up.
Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast.
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. #cryptopickk #bitcoinprice #btcdominance
Bitcoin trend with Kumo cloudIn the weekly time frame, the price of Bitcoin is on the Kumo cloud as well as the 0.38 Fibonacci support line. These two supports have good credibility, and it is likely that Bitcoin will start its growing trend from this point.
On the other hand, the Keijun sen and Span A lines also have a relatively uptrend , which is currently a possible uptrend for Bitcoin.
BTCUSD - Best Entry I could See In This WaveHello there,
I am glad to see that you're reading this, considering that BTC's rising for awhile, It s hard to catch a good entry price on a market transaction, best buying opportunity could stay in limit orders.
Indicators seems a little bit tensioned but that could also mean a big buying interest and there are a lot of reasons, technical and fundamental also shows big interest.
Biggest correction you could see is near 30%-40% but it depends on the Higher Highs that can hit on the short term.
Take care of your investments, this is not a trading advice.
St Gex.
Bitcoin exactly following old pattern Bitcoin is Exactly following its Old Pattern or Rising closning Wedge You can say.
When it was on 64k in May 2021. Once it broke its rising wedge it could never came back.
Now Again it broke Rising wedge and created lower Low.
What to expect in Long Term?
As in this Chart you can say Bitcoin Exactly Followed the same path in this mini Bullrun or You can Wave B according to ABC Pattern. Wave C is always equal or greater then Wave A . Wave A was when it dropped from 64k to 29k . Wave B was when we moved from 29k to 53k. Now we are are in Wave C started with a Huge Drop from 53k to 43k and as i stated earlier Wave C is equal to Wave A which was around 34k Drop now if we take 34k drop from 53k it will give us the Target of 19k as Wave C in the upcoming Bear Market.
What to Expect in short term?
Btc has Good Support arround 42000 and 37000 we can see btc dropping down to these levels in next few days. As similar as it happend when btc dropped from 64k.
After that we can see relief rally upto 49000 - 51000 because its .618 Fibonacci Retracement of this recent Drop of 10k. That will be the Last chance to sell Your Crypto bought on Higher Prices because after that it will be going Ugly and we may see Crypto Abyss near to end of this Year.
BTC/USDTIf BTC breaks the Symmetrical Triangle then BTC will move for $55000, If BTC not break and goes down from here then there is support at $47200 which is a heavy support
Bitcoin Trend Directions - Aug. 25th, 2021Bitcoin neared the highs of my previous zoning so I decided to take another look at possible entries for both longs and shorts. The picture should be fairly self-explanatory; the white zone is where we currently rest and we wouldn't enter here because we want to try to catch momentum, the red zone is where we can start to place sell orders, and the green zone is where we can look for placing buy orders. The blue zone is something new I added, because I'm personally looking for longs on bitcoin at the moment, I wanted to extend the zoning into other potential target areas to add to profits. I use multi-timeframe analysis so my high timeframe bullish support price is actually as low as $42,300. If a trader chooses to trade on a lower timeframe then I would personally look to only follow the direction of the current zone that price rests in, this will help attempt to keep the trend on your side and can better assist with catching momentum. Analysis referenced the daily and 4h timeframes. Keep in mind that none of this is financial advice, I do not claim to be any sort of financial/trading advisor, expert, mentor, etc. I only post my personal analysis for entertainment purposes.
My previous bitcoin zoning can be seen here: and the results can be seen here (with slight adjustments to the zones for better entries on potential retests):
Bitcoin Hitting $44,000: Watch The Market CloselyEver since the middle of the week, bitcoin’s price has been on a roll for most of the time. It recovered thousands of dollars in days and reached $40,000 on Thursday.
In the following days, bitcoin reclaimed $40,000, but this time kept climbing. The leg up resulted in reaching $44,000, which became the highest price tag in almost three months since the mid May crash.
As of now, BTC has retraced by a few hundred dollars but still stands above $43,000. Consequently, its market capitalization has risen to north of $800 billion for the first time in months.
Feel free and get in touch for more updates, signals and trade alerts
The B word conference is not enough to pump BTCElon Musk, Cathy Wood, Jack Dorsey, are all very notable names, however, they still do not have the capabilities of pulling BTC out of a bear market on video conference alone. A crash is necessary and inevitable, what you see is temporary, and this pump is only going to be short-lived.
BTC /BUSDTrendline to keep an eye on to confirm we are back to the uptrend.
Also, the key resistance is still at psychological 60s.
I am not into any trades with BTC at the moment, especially not with leverage.
Just observing.
Bitcoin USD Gain VelocityShould to return to either, or both, previous climbing velocity or longer trend velocity if on route to new ATH. Previous Velocity would requite 17 days average minimum.
