Bitcoinusd
Bitocoin daily chartBitocoin daily liqs from 2june22
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
BINANCE:BTCUSDT.P BITSTAMP:BTCUSD BYBIT:BTCUSD.P BITSTAMP:BTCUSD BINANCE:BTCUSDT.P BITSTAMP:BTCUSD BINANCE:BTCUSDT
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle
- This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish
- The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ )
- Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it
-We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here
- The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone
- Shorts target for June is ( 22,009 $ ) Weekly Zzone
BTC Short and then Long respectively So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long.
For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started.
3rd touch point on the channel support, waiting to see whether it rejects/goes through.
A Rate hike of .25 basis pts appears to not be on the table for tomorrow but next month it is. Who know what will happen.
This rally needs to cool off, grab liquidity at Demand zones and retrace before Longing and also fill CME gaps at 30 K ish etc...
Capitulation before more Longs ♟️Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against major Crypto exchanges. ( Binance & Coinbase ) The Market is creating Lower Lows and Lower Highs on the Daily timeframe. With the current weekly candle closing bearish in 20 Hours, I can't help myself but observe some fresh bearish pressure to begin the new week. This is something I have observed quite frequently when the Forex Market trends. All markets come down to supply and demand and Crypto is likely more of the same. A Weekly candle will likely create top and bottom wicks but if it doesn't, that's why we exit the market to cut losses short.
BTC/USD Bullish FlagBitcoin is forming a possible bullish flag on the daily chart.
MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down.
Weekly MACD is negative and RSI is neutral. Keep that in mind. Greater trend looks a little bit more bearish than bullish.
FED Meeting is in 44 hours. I wouldn't do anything too risky just before a FED meeting.
What do you think? Comments will be appreciated.
Bitcoin trendBitcoin is still in the uptrend channel, the next expected safe target is 29500 and still the expected targets based on the volume indicator are 33000 and 36000
The possibility of falling to a lower levelBitcoin has no choice but to correct to reach a safe support level
I have identified two levels that it is likely to react to
bitcoin update bitcoin rejecting its long cycle trendline
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants.
The market may do as it wishes whenever it pleases. Like the wrath of a god.
We are not gods. We are humans and not one of us is invincible.
Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea.
Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is.
These are principles that the trader learns along the long and painful journey to profitability.
This is how the Average man , through patience and diligence , may become the greatest of warriors.
And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's.
The latter has probabilities in favor.
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰).
First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰.
In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴.
📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack.
Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) .
Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡.
The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
My bitcoin's analysis preferred alternative count On this bitcoin's daily chart, is showed an alternative to the first analysis, which suppose 5 waves are complete, and are followed by a combination three. there is a cluster arround the green zone, it represents a zone of confluence between the whole impulse retracement of 38.2% and the third wave's retracement of 50%, but there's more.. this zone is approximatly where W equals Y at one condition of course, and that is the top of intermediate wave (1) isnt overlapped, that puts the odds for another downmove arround the green zone, but as always confirmation is needed to validate this count in some form of reversal candlestick pattern or depending on each one's tool to validate the move , lets wait and see ...
down below is my first count of the move, and as in every tecnical aspect of financial markets, the analysis is general , but the risk and the interpretation are unique to each investor
fundamentals doing bad, while tecnicals have other ideasThis is bitcoin with a clear five waves up with a potential three unfolding, while there is a lot going on with crypto fundamentals and red numbers, the market has its correction as normally. From another side, bitcoin is showing the strongest pattern over all altcoins which is nonetheless new. I wanted to share this analysis to absorb some of the news falling from everywhere, which isnt related to bitcoin's major trend.
BtcSomeone asked me a question, I want to open a trade on Bit with three orders, the first is 20%, the second is 30%, and the third is 50% of the money that I am going to leave for Bit.
The only point is, set the damage limit based on your pain level
Keep an eye on $HIGH/USDTKeep an eye on $HIGH/USDT
Forming a Bullish Harmonic Chart Pattern and Target Mentioned
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
BTCUSD - Down Channel to Strong Trend LineBTCUSD has formed a down channel on this hourly chart
I expect a recovery to emerge at the strong trend line in white
This trend line coincides with prior bottoms and should be a strong recovery point.
Roughly at 25K
BITCOIN IN A DESCENDING CHANNELthe only way bitcoin can go up is to break the channel upwards while crossing the averages up.
the 50 and 100 period moving averages act as a resistance while 200 period moving average can potentially act as a support in case the price goes down to the lower band of the channel.
BtcAccording to the high-pressure selling behavior that we observed and according to the previous analysis that we did, in the first step, the first resistance ranges of Bitcoin are the numbers with red lines, which if it cannot be crossed, in the first step, it Two green lines and in the next step, a green box has been marked
BITCOIN Next Days/Weeks Happy Thursday Traders & Investors
Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on:
Option A:
Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different retracements from the highs and lows of the overall uptrend.
A brake above that key resistance area would likely take #BTC to retest the uptrend support and bring new highs in the range between 34-35.000$
On the other hand, a rejection in the 28.5k area would take #Bitcoin back down to a crytical level where Bulls will want to see Bitcoin forming a higher low on the overall uptrend, ideally above the dotted trendline which is also supported by some important Fib. levels and the riffled support line of the current downtrend at around 25.000$
Option B:
If the bears take control and brake below the current riffled downtrend support line, we could see Bitcoin dropping straight down to about 23.800$ and the previously mentioned uptrend support in confluence with crytical Fib. Levels where Bitcoin will need to find a bounce in order to avoid a drop all the way down to the range of 22-21.500$
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 ✌🧡📈
Retest Bitcoin! Or a Dip and go? 🎐Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this bullish sweep when I posted a short analysis on May 25th when pricee dipped to 26K. With the new Monthly candle came re-invigorated bears. I think it's safe to say that Bull positions from earlier in the Year took profit around 28K to 30K after the asset was up 80% on the year. For an Institution was that not enough? I doubt it and am thinking that they have taken some profit. As the Second Quarter comes to a close, we can see that price has pulled back 17% from the highs and is still 55% up on the year. We have some more downside to give on BTC. This Daily engulfing candle will create some fear for those holding from earlier in the year. 24,307 is not far off and we are offically entering another Bear market at least in the Medium term. Lower Lows and Lower Highs as Bitcoin backs off 30,000$.
Target AREA 25958-25334 HIT!! End of sub-millennium WAVE A of X!OH YEAH.... take profit!! BITCOIN just hit my projected target area of 25958-25334 for a $3000 drop from WAVE 4 (28172). BITCOIN just ended sub-millennium WAVE A of X at a very significant pivot point since now BITCOIN will begin a BULLISH sub-millennium WAVE B of X. This will be a VERY BULLISH WAVE B of X since a sub-millennium WAVE is the 3rd largest WAVE in the history of BITCOIN. I'll post my target area for WAVE B of X on my next post. Please check your chart and let me know what you think.
BITCOIN, Green Or Red path?The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom.
But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve.
In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
