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!
Bitcoinusd
Bitcoin BTC price analysis. The situation around SVB and USDCAt the end of last week, we published an idea for a calendar of events that could affect price movements on the crypto market in one way or another. Check it out, there is still a lot to come:
But besides that, the weekend was very active because of the bankruptcy of Silicon Valley Bank, one of the top 20 banks in the United States, and was closely connected to startups and the crypto world.
The most interesting thing about the situation around Silicon Valley Bank and USDC:
The top manager of Silicon Valley Bank turned out to be a former employee of Lehman Brothers (the bank whose bankruptcy started the 2008-2009 crisis, let it be a coincidence)
Joe Biden personally promised to bring those responsible for the bankruptcy of Silicon Valley Bank and Signature Bank to justice.
The Fed and the US Treasury Department launched an emergency deposit support program for Signature Bank and Silicon Valley Bank, using the Fed's emergency lending authorization.
According to the government's program, all deposits will be fully available.
Liquidity Group, an asset manager and technical lender, plans to provide emergency loans of about $3 billion to companies affected by the collapse of Silicon Valley Bank.
Circle has launched automatic USDC printing and redemption for customers through Cross River Bank, USDC reserve exposure of $3.3 billion has been removed, and the dollar peg is being restored. Circle issued 408 million USDC today, the largest "mint" in the last 7 days.
Circle's CEO said that the company will transfer the remaining money to BNY Mellon.
The peg of USDC, DAI, and other stablecoins to the dollar has almost recovered, but everyone is waiting to see if they will include a full conversion of USDC to dollars - if not, the panic will continue and will definitely affect the entire industry.
It is also "lucky" that such a mishap with a major bank occurred at a time when the Fed is "firmly in control" of the financial world and steering it in the "right" direction, in their opinion.
To summarize, it is now clear that nothing is clear)
If we analyze the BTCUSDT price, we see that it has only slightly entered the liquidity buying zone. The current corrective bounce upward seems to be strong, but on the other hand, it fits the concept of a "correctional wave B"
As long as the BTC price is below the critical level of $23,000 , the main vector of our thoughts is aimed at the fact that the fall will continue in wave C.
What will wave C be like ?: either a short one around $20500 or an extended one around $19250, or even closer to $18000, time will tell.
Personally, we are not in a hurry to get longs "right away" with our entire deposit. As we wrote in our previous ideas, we have set a wide range of $18000-19800 for ourselves, where we place buy orders "with a grid". Our goal is to slowly build a balanced medium- and long-term investment portfolio with a tasty average purchase price for crypto assets.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
➕Positive➕ and ➖Negative➖ signs of Bitcoin🤓Hi everyone.👋
Today I want to share with you a complete analysis of Bitcoin.
When we talk about the complete analysis, then we have to deal with the fundamental analysis of Bitcoin in addition to the technical analysis.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fundamental ;
So let's start by reviewing the news that has affected Bitcoin and the cryptocurrency market in the last 24 hours.
I must say from the beginning that all the news in the last 24 hours has been ➖negative➖.
Don't judge too soon and stay with me until the end of this post. Thank you.🙏🌹
The ➖negative➖ news of the last 24 hours are:
Bitcoin fell below $20,000 after 2 months, and after 56 days the Fear and Greed index re-entered the Fear zone.
In the 2024 US budget, Joe Biden's government has proposed a 30% tax on the electricity used to mine Bitcoin and other cryptocurrencies.
New York's attorney general General Letitia James on Friday sued crypto exchange KuCoin for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform, as part of her effort to rein in what she calls "shadowy" cryptocurrency companies
The Hedera platform suspended all its activities after confirming the hacker attack.
Blockchain.com suspends its asset management subsidiary launched in April.
Huobi’s HT Token Suddenly Falls 93%, Then Rebounds Just as Quickly.
It seems that the results of all these negative news in the last 24 hours have been applied to the Bitcoin chart, and I expect Bitcoin to rebound from its current price and complete its pullback to the support zone.
Now that we talk about the support zone, it is better to go to the technical analysis and see what results we get.
Stay with me in this section.👍
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Technical :
Regarding technical analysis, let's take a look at the ➖negative➖ and ➕positive➕ signs in the chart.
➖ Negative signs ➖:
Sell signal by 50-SMA and 50-EMA.
Loss of 🟢support zone($21,600-$20,940)🟢.
Completion of 5 impulse bitcoin waves at $25,250.
➕ Positive signs ➕:
Bitcoin is moving in price Reversal Zone(PRZ).
Bitcoin has reacted positively to the 200_SMA.
The fall of Bitcoin to the import support line can act as a pullback to this line.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Conclusion :
According to the explanations I gave in the fundamental and technical sections, I expect Bitcoin to grow to at least the lost support area and complete a pullback to this area before starting to fall again.
The best area to finish the decline can be the intersection of the important support line and the uptrend line, which is the intersection of the 🟢heavy support zone($18,700-$17,810)🟢.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
BTC Weekly SellIf you are using a price efficiency trading model and are seeing weekly sell-offs entering the market, it may be a good time to consider selling some of your Bitcoin holdings to take advantage of the current market conditions and potentially maximize your profits.
Also ooking at the weekly RSI for confluence.
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction.
note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions.
the first spot for great support is 19K to 20K. use less short positions as you get closer to this area.
please feel free to leave comments and questions below.
several hard weeks for BITCOINthis is a speculation of what we might see in future behavior of market.
there are two not-that-powerful anchors for btc to pullback, with sharp and shadowy movements in a way that many people again forget about the bearish momentum.
so be careful about your positions.
for the next drop or jump, we should follow and trace this neutral movement ahead.
leave comments please
BITCOIN - Perfect Key Levels 🟢As we talked in the previous analysis, the btcusd price touched the daily Resistance Level and he is going in bearish move !
Currently, we have 3 Strong Support Levels Ahead !
let's see when the price will Reject !📈
...
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
Bitcoin price buy zone and an "events" calendar until April 2023For the past two weeks, we have been warning about a possible fall in the crypto market in our ideas. Congratulations to those of you who were not lazy and have been reading our ideas!
In particular, at the beginning of the week, we wrote about the potential for a drop in BTC price and altcoins prices. By the way, USDT.D still has at least 7-8% growth potential
We will not repeat ourselves, but we will fulfill what we promised at the beginning of the week.
So, here is the calendar of events in the financial world, which will greatly increase volatility in the crypto market on important days:
today, 10/03/23 - unemployment figures in the US
14/03/23 - announcement of the US CPI (inflation). If the figure is higher than expected, the markets will be pushed even lower.
17/03/23 - quarterly expiration of derivatives - after that, there may be the first fresh resources to buy back the markets, in particular the SP500 and, accordingly, the crypto markets after it.
22/03/23 - announcement of the new FED rate. The size of the rate hike will directly depend on the announced unemployment and inflation figures. If a month ago, 90% of respondents were confident in a +0.25% rate hike, as of now, the votes are divided: 56% for +0.5% and only 44% for +0.25%.
The rate is approaching the levels of 2007, before the global crisis - we are not scaring you, just stating the fact.
30/03/23 - US GDP data will be announced
31/03/23 - expiration of a large batch of BTC and ETH options
As you can see, the next 20 days promise to be very busy, and accordingly, the volatility in the market will be greatly increased. + FUD is being thrown into the crypto market.
Our tips for the coming weeks:
completely eliminate leveraged trading, because increased volatility = a high probability of deposit liquidation
place orders to buy BTC or altcoins you like below current prices and put them by the grid to get a tasty average price.
For example, the range for buying BTCUSDT is a wide liquidity zone of $18000-19800
and of course: like the idea, write a comment and subscribe to P_S_trade to be informed about new cryptocurrency ideas in time
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/10/2023)!!!Bitcoin is running near important downtrend line (Weekly TF) and 200 day Simple Moving Average {200_SMA200(Daily).
Also, Bitcoin was able to make and Expanding Ending Diagonal.
I expect Bitcoin will go up at least to 🔴resistance zone($20500-$20390)🔴.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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.
BTC IS LIKELY TO GO DOWN A LITTLE WITH FIB38.2 FOCUS My thought for BTC is evident on my chart. I am working the double top pattern on the chart
I am looking at BTC losing some more dollars to fall to FIB38.2 zone which happened to be the $21,400 area...
share your thoughts and opinion on what you are expecting BTC to do
kindly, follow, like, comment and share
Can Descending🥟Scallop🥟Deliver Bitcoin to Support zone❗️❓Bitcoin has been moving in a descending channel for several days.
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the 🟢support zone($21600-$20940)🟢 and the lower line of the descending channel after breaking the neckline.
❗️Note❗️: We must wait to break the neckline to verify the descending scallop pattern.
🔔Descending Scallop🔔: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Bitcoin short-term update 🐻🐂👀Bitcoin short-term update
(a) BTC just reached my bearish target of ~$21,913👀
(b) next bearish target at $21,595 🐻
(c) next bullish target still FIB golden pocket at $22,750🐂
How was your day dear Crypto Nation?😎
Comments💭Likes & Follow🔗appreciated🤗
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Can Bitcoin Break the Support Line❗️❓🧐Bitcoin seems moving in a descending channel and is currently near the support line.
I expect the support line to be broken and Bitcoin to reach the 🟢support zone($21600-$20940)🟢, the lower line of descending channel, and start to grow from the TRZ (at least to the support line is broken).
You may ask why I say that Bitcoin can break the support line❗️❓
🔆Because of the sell signal created by EMA50 and SMA50.
If the daily candle closes below the SMA50, the probability of the support line being broken by the next day's candle is very high.
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.