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Bitcoinupdate

Bitcoin Forecast & Idea Update 🧐⭐⭐ After the announcement of the US Consumer Price Index rate and the strengthening of the US dollar, the decline in the price of Bitcoin is expected to continue until the end of the week. ------------------------------ 🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
1
BTC UPDATE #BTC UPDATE 5 : In 1D TF symmetrical traingle scenario upper lines always rejected if price hitting CPR lines than we are aware uppper line of symmetrical traingle must also broken around 22000 so even we have impulsive movement in short term than please wait for the price to breakout resistance line before taking any trade but if we are going to get rejection around that area then we can use this opportunity to short the market towards 19000 to 18000 area because Monthly S1 line is target for September Month as discussed in BTC UPDATE 1.
Short
by theprofitstation
BTC UPDATE#BTC UPDATE 2 : In 1W TF very very interesting scenario or can say big warning sign is flashed i mean whenever stoch rsi the orange line crossing above blue line and also stoch rsi side around overbought area after that price of Bitcoin corrective movement in weekly TF. If you will look in chart will be very clear nowsl stoch rsi is already a bearish stoch rsi according to stoch rsi we could be seeing a very very similar scenario just like from past i mean some consolidation and again breaking into downside so that's why the profit station family members even we see some relief rally here in short term it doesn't mean reversing.
COINBASE:BTCUSDShort
by theprofitstation
BTC UPDATE #BTC UPDATE 1 : In 1W TF combining Wyckoff's Distribution Phase a big warning sign being flashed right now we are finding self is Phase E according to Phase E definition as shown in chart also by this link () this is playing very very accurate, So we have to be extremely careful because the area we are right now is Phase E and usually in Phase E after some consolidation starts in downward movement that was big reason i discussed you () Wyckoff's accumulation breakout because we know we need a proper accumulation before markup phase, So this is big big warning sign.
BYBIT:BTCUSD.PShort
by theprofitstation
Bitcoin forecast| signal updateAs mentioned in the previous Bitcoin forecast ( yesterday BTCUSDT ), after breaking the Uptrand channel (at the point I have shown), the price fells to the $20,000 price range. After a return and pull-back to the price range of $20,500 and $20,900, we see the continuation of the downtrend to the historical price, and the resistance zone of $19,000.(this pull-back and fall again takes about 2 or 3 days) After that, the price falls again to the important and strong resistance of $17,500. My forecast is that it will swing between the prices of $17,500 and $19,500 in a horizontal and neutral channel for a while. and my second forecast and possibility is a quick drop and a hit at the price of 10,000. (It is a weak possibility, but not so far ) this is my longterm forecast for Bitcoin or BTCUSD --------------------------------------------------------- Dear Traders Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
2
BTC UPDATE // BITCOIN UPDATE#BTC UPDATE : In 1D TF according to CPR indicator bitcoin did pretty exactly what i discussed earlier because i was expecting relief rally towards bottom CPR line and after reaching bottom CPR line we we expecting rejection and if we see the price action is doing exactly like my previous update so now it is considered as very bearish scenario why because getting rejection at bottom CPR could be showing reversal towards downward area where we are looking monthly S1 line as our potential upcoming target around 19800 area.
COINBASE:BTCUSDShort
by theprofitstation
Bitcoin Update 5 #BTC UPDATE 5 : In 1D TF Today appeared the most reliable indicator buy signal Hash Ribbons. This indicator is based on hashrate moving averages and has a 100% accuracy. To be honest this signal looks quite odd at this kind of market, however, it really reminds me of January 2019 buy signal. I even compared the charts, they look similar. Of course it doesn't mean that price of Bitcoin will make a reversal exactly today, but it means that bear market will end in the near future, probably before the end of 2022, Or maybe this will be the first wrong signal from Hash Ribbons.
Long
by theprofitstation
1
Bitcoin update #BTC UPDATE 2 : In 1D TF already awared about CPR indicator. Unfortunately CPR lines was not able to find support at any of the CPR line which is clear sign of weekness but now has clearly broken the support from top, central and bootom CPR line now we are between bottom CPR line and monthly S1 line so according to this CPR indicator bootom CPR line is going to be acting as a very very strong line of resistance around 21500 - 21600 range and our target is lying around 19820 area and this lower target makes lot of sence even a relief rally now we are going but focus more on this lower target area, This monthly S1 line of August Month of Bitcoin.
COINBASE:BTCUSDShort
by theprofitstation
Bitcoin update #BTC UPDATE 1 : In 1D TF already awared this dad cat bounce scenario, According to rising wedge target is 19800 to 20000 if you look Fibonacci lines very very clear the price of Bitcoin rejected at 50% retracement as shown in example since then we are clearly heading downside why because look at point 4 usually indicates now the price is going to follow original trend and this is downtrend that's why now price is holding the support from0.236 Fibonacci line around 20900 as soon as this support broken because it might be temporarily support can see some bounce that area then again showing weakness towards lower target area.
Short
by theprofitstation
BTC UPDATE : Support Lines#BTC UPDATE : In 1D TF ascending broadening wedge upper line rejected couple of times today i add all support lines as we already discussed earlier in Upper Updates 1) rising wedge scenario : we have to break from this wedge because we know support from rising wedge still around 23600 area and even if this is going to be broken then next important support is 2) moving averages 20MA & 50MA which is going to be very very important line of support around 23500 to 23000 range and add 3) CPR lines also going to be most important support around 22700 area. 4) Add 200WMA if you look in chart blue line is the 200WMA since the price of Bitcoin is above it the same line is definitely very very strong support line for bitcoin Now you can see The Profit Station Family between price range of 22500 - 23000 area we have some very very strong line of support lying so even if the price of bitcoin is going to break the support, so expecting continuation showing manner towards 25000 - 26000 before choosing trend direction.
COINBASE:BTCUSD
by theprofitstation
BITCOIN Technical AnalysisWelcome Traders, Investors & Gamblers 😃 Let's Talk About Bitcoin! It's been a while since I posted here on @TradingView, hence I wanted to give you a quick but hopefully comprehensive view on the current range and expected price targets for Bitcoin. It's all in the Video for you guys, but as always, here you can find all the individual charts that I've been using in it! 4h Charts: Local Support(white)/Resistance(orange) levels and breakout targets (green) Fibonacci Retracement on closing basis (39.800 - 27.700) Descending Triangle 1D Chart: Weeky Charts: Fib. Retracement March 2020 - November 2021 Falling Wedge Pattern: Current Support I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
BITSTAMP:BTCUSD
by DeFeye
2
BITCOIN Where's the Bounce!?Happy Saturday Everyone! 😃 hoe you are all doing well! Here's a quick Bitcoin update on what we can expect in the coming days! 41.6k-41.1k Support Area: In the featured 4h BTCUSDT chart I pointed out the next major bounce area, here we get good volume support and it's also in line with the Fibonacci 61.8-65 golden ration. Reistance: Above I pointed out all of the major resistance until the current 48k trend top Confirmation: The red box at the top (48.175 - 47.975) is giving us the area in which we got rejected so far, a 4h candle close in or above that box would give us confirmation for a continuation to the upside. --------------------------------------------------------------- 1D Chart: 50, 100, 200 Day SMA: - Support: On the 4h chart we could see our green support box at 41.600 - 41.100 . Here on the daily BTCUDT chart we can find confirmation for that support in form of the 50 Day SMA (white moving average) and the 100 day SMA (orange moving average) which currently lay between 41.600 -4 1.800 and are marked by the lower green circle. The other major support level is the bottom of the ascending channel that we are in since January. The suport there is around the 40-39k region. A daily close below could be a major bearish idicator. - Resistance: On the 4h chart we could see the top resistance box at 48.175 - 47.975 . Here On the daily chart we can see the upper green circle marking that the resistance was coming from the 200 Day SMA and the top of the ascending channel that we are in which is currently at about 48.200 --------------------------------------------------------------- Conclusion: I'm expecting some more pullback to the 41.600 - 41.100 region, before we see a bounce and a test of the above mentioned resistance levels. The mentioned area gives us major support on multiple TFs and indicators. --------------------------------------------------------------- I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by DeFeye
5
BTC Short-Term TargetsHappy Sunday Once again! 😃 First of all a massive THANK YOU to all of you new followers and THANK YOU to TradingView for publishing my last post on to the front page of the website! 🙏🚀😃📈 Now I want to come to this 4h chart, and if you have been following then you have seen this exact chart for about a month now, but I think it's worth updating since the levels have been extremely reliable, and some minor events have taken place before and during the weekend. So the first thing we need to look at is February 21st, where we came down after we go rejected in the 45k-46k area. We didn't quite tag the golden pocket on the Fib. (Right where we are at this moment) and then ended up with a couple of "bear traps" before BTC went for another rally to 45k. 39.5k: This line is very important here on the 4h specifically as we rallied everytime we closed a candle above , which makes it a clear signal for long positions ( 39.8k on the 1h chart ). Golden Pocket: The 61.8% and 65% level on the Fibonacci Retracement of the Bitcoin trend reversal in January has not been the strongest support or resistance as we cn see that usually when touched we fell below or rallied above it. We are close to that area yet again and therefore, like I mentioned in my previous ideas, we can still find lower support between35k and 33k or even 30k-29k. Anything below that would take us towards the weekly 200 SMA around 20k. 45k-46k: This is the key level that we need to look at if we get a bounce on any of the previously mentioned levels. We have been trading in this 33k to 46k range since January, and to brake to the upside, the first step would be to close a 4h candle inside or above that green box. 33k-34k: This is the danger area where we want to hold or we start looking down to 30k and 29k for our last potential bounce before the 200 week SMA which we never fell below (around 20-22k). Above 46k: We will still find a lot of resistance, so make sure to stay tuned for my post on the Larger TF's tomorrow and potentially even a video update on BTC! As you can see, not much has changed since my previous posts from the last few weeks, and trading csn be pretty straight forward with those clearly defind ranges and levels. For those who are wondering which post I was talking about, it was my prediction for Bitcoin to go to 165k as a potential new ATH 👇 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by DeFeye
BITCOIN What's Next? What's up Everyone! 😃 I decided to upload a couple shorter Bitcoin videos 🎬 to point out the most interesting parts out of my longer weekly update video. In this video I'm looking at the inmediate short-term future for Bitcoin on the 4h BTCUSDT chart. This is the longer video from earlier where I mention everything in this video, but also talk about other larger TF's. 👇 THANK YOU for your time! Like 👍 = 😃 Comment 📜 = 😁 Happy Trading ✌♥📈
by DeFeye
3
BITCOIN 4H Falling Wedge!What's up Everyone! 😃 Hope you are all having a successful day! I only want to add this daily BTC chart for more clarity on our targets. If we break resistance at 45k to 46k, we see 51k as our next potential taget for Bitcoin. If we don't hold in the 40k to 39k region we could see a potential double bottom at around 33k or go down to 29k from where we bounce to multiple ATH's. The rest is all in the title and in the chart as I have to keep it short here! I would like to add that this is for educational purpose only and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. THANK YOU for stopping by! Like 👍 = 😃 Comment 📜 = 😁 Happy Trading ✌♥📈
by DeFeye
2