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Bitcointrend

Bitcoin: Analysis and Predictions for Potential Corrections and Bitcoin, the largest cryptocurrency by market value, has once again surged past the $28,000 level amid collective gains in the wider cryptocurrency market, which has approached the $1.2 trillion mark in terms of market capitalization. Over the last 24 hours, Bitcoin has risen by about 5.6% to nearly $28,350. The current market sentiment is neutral to bearish, with the BTC price currently trading within a narrow range, with support around $27,000 and resistance around $28,600. Relative strength indicator (RSI) levels also show a bearish divergence, indicating weak buying pressure. The simple moving averages of 200 days and 200 weeks act as strong support levels for BTC. The monthly RSI is trending upwards, indicating a potential long-term rise. However, current market conditions suggest that Bitcoin may experience a bearish correction before any major rise. Regarding future scenarios, if BTC manages to break through the resistance level of $28,600, it is likely to move towards the range of $29,000 to $32,000. On the other hand, if BTC breaks below the support level of $27,000, it is likely to drop towards $26,000 or even lower.
BINANCEUS:BTCUSD
by bbitar
The price of Bitcoin has soared driven by market optimismLast Friday, Bitcoin fell to US 19,569. How desperate the market was at that time, and how enthusiastic it is now. In just one week, the Bitcoin market has undergone a shocking reversal, breaking through the previous high in one fell swoop and reaching above US 27,000. In terms of daily structure, Bitcoin has broken the previous horizontal pressure level. At this stage, it is in a vacuum zone. Bitcoin price analysis has been slowly rising since the beginning of this week, and more buying pressure has been observed in the market. Pressure.As tokens are supported by strong buying pressure and good technical prospects, market sentiment remains optimistic, and the bullish momentum is expected to continue, with the next level of pressure around 30,000. From the four-hour level, it can be seen that the last downward pullback was at the position of 0.382. Next, I think the possibility of constructing an equidistant ABCD is very large. As shown in the figure, Point D is far from being reached. The rise in the past two days has formed a complete breakthrough in the previous chip-intensive area. If there is a pullback in a short period of time, I think the pullback may as well be an opportunity to participate in long-term. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
BITSTAMP:BTCUSDLong
by Short-term-king
BTCUSDTBITCOIN UPDATE ACCORDING TO OUR ANALYSE BITCOIN IS GOING WHERE WE ANALYSE Friends, the advantage of waves is that you can use them on any time frame 🙆 ⠀ Patterns form in any market and any TF. You just need to decide where you feel most comfortable working. My thoughts below 👇 ⠀ 🔴 15min - 1H takes a lot of time and engagement, it's tiring and leads to mistakes. Traders use high margin and often lose money + leverage. ⠀ 🟡 1W - 1M is a very long time, it is more suitable for investors, and it requires a lot of capital. The patterns are clear and strong. ⠀ 🟢 From experience I realized that my choice is 4H - 1D. No need to spend all day on charts, good work/life balance, good market movements, patterns are well distinguishable. It requires patience, which most traders do not have. It takes you to the next level if you have the discipline. ⠀ 🚥 If 4H - 1D is for you, let's trade together!
COINBASE:BTCUSD
by oraclpips
Bitcoin Last Hasbullas Pump Before Downside NukeBitcoin retraced to the upside ~22300 over the weekend to liquidate all those high leverage shorters + performing a SL hunt Right now its holding the price for more LONGs to build in order to liquidate them. depending on traditional markets (SPX) we could get a counter trend rally to the upside (~4000) which btc will follow that gives bears another chance for a good short position. KEEP in mind the market in general is in denial so any upside move considered a fake move and will follow with a major down side move Thanks for all the support
Short
by pcmonk
1
BTC/USDT/UpdateThe goodbye kiss that I predicted in my previous Bitcoin analysis () was fulfilled today with a pullback to the ceiling of the broken descending channel. There is also a valid static support in this area. According to the status of the indicators, the probability of forming a new upward movement from this area is very high. My personal stop loss will be activated if the bearish channel breaks and stabilizes. The goals and limits of the loss are specified in the analysis.
Long
by Third-Eye-Power
3
#Bitcoin - thoughts out loud #17 !!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. For the current period of time, I continue to look for opportunities to buy an asset cheaper. As in the previous opinion, it was said that the range of 23000 - 23200 is a benchmark for further movement. As we can see, there is no professional activity. I expect purchases to resume around 19000 . Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Short
by WVitalievich
BTC/USD#bitcoin impulse correction bitcoin is correcting to continue its rise to its highest levels since 2021 there will be several long-term buying opportunities $21553 $20407 $19262 $17632 #bitcoin #btc #Cryptocurency #crypto #trading it's important to note that the cryptocurrency market is highly volatile and subject to sudden price swings that can be difficult to predict. Therefore, it's important to approach any analysis of Bitcoin with caution and to keep in mind the risks involved in trading cryptocurrencies.
COINBASE:BTCUSD
by oraclpips
BTC: Short at high levels and long at low levels Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting at high levels is still the main strategy. The trading strategy is to short at 23600, with a stop loss at 24200, and a target of 21500 to 21400. Alternatively, if it falls to 21400, go long with a stop loss at 20900 and a target of 23600. Don't let past regrets interrupt your current plans, and don't let anxiety and worries disrupt your steps forward. As winter fades into spring and the sun rises and sets, every moment is precious. By appreciating the present and living each moment to the fullest, we can reap the rewards of a rich and fulfilling life.
Short
by triumphing
[Tutorial] Price Action And How Can We Use It To Make MoneyWelcome to this video on Bitcoin and price action Part 1 of 3. But what exactly is price action, and how can it help you make informed trading decisions? Price action is a technique used by traders to analyze market movements based on the price and volume of a security, without relying on technical indicators or other external factors. In this video, we'll explore some of the most commonly used price action patterns in Bitcoin trading , including support and resistance levels, trend lines, candlestick patterns, price action patterns, and moving averages. We'll also discuss how to use these patterns in combination with other forms of analysis to make informed trading decisions, and how to manage risk when trading Bitcoin.
BEducation
by pcmonk
Important Event Today - Bitcoin Ready To Move On Both sidesBitcoin/4H In a bear flag pattern with low volume With the pattern and volume bitcoin is doing tells us that a BIG move is comin which potentially we could touch the origin of the dump which is around 23.6 consolidate and build more longs , then K-Boom goes down around 20500 ( top of the CME gap) A less potential move is because of more shorts we could legdown a little bit first ~ 22k or 21.7 then it goes all the way back up to 23.6 which in this case the upside should be very intense due to the liquidity to the upside Reminder: As a Trader We should always have levels on both side so we dont miss any moves
BINANCE:BTCUSD.PShort
by pcmonk
1
Bitcoin: Long at this position Hello everyone, after a big drop, Bitcoin has been consolidating and today I'm sharing my view on Bitcoin using a 15-minute chart. As you can see on the chart, there are clear and regular box ranges. Since there are such clear signals, we certainly can't ignore them. I have marked the specifics on the chart, and it will be clearer for you to compare it. My trading strategy is to buy in the current range of 22300-21800, with a target near 22900-23800. This is relatively certain, and the probability of profit is relatively high . The reason for this trading strategy is that I believe Bitcoin will rebound to fill the gap created by the recent big drop. Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment and I will help you with the most reliable solution in a responsible manner. Have a great day!
INDEX:BTCUSDLong
by triumphing
4