Bitcoin Volatility All-Time-LowBitcoin's volatility is currently at an all-time-low meaning we haven't seen major price changes in a very long time. This is incredibly rare for a very volatile asset such as Bitcoin, although the uncertainty in the markets fueled by recession thoughts is the likely cause of this.
Bitcoinusd
Bitcoin Cup & HandleBitcoin is forming a cup and handle pattern on the Daily chart, and is currently close to breaking out. Although we can't know for sure if it will break to the upside or downside, Cup & Handle patterns are known to be bullish, therefore, the potential bullish target is available on the chart.
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed of all the fun non word noises.
Still not convinced of the bottom is in, and here is why!
Bitcoin – my insane short setup!Hello, everyone!
Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because I am going to show you the sniper short entry on Bitcoin. Let’s go!
We are using 15 min time frame of the WHITEBIT:BTCUSDT chart because we want to see the local picture. On the 1h BTC is printing wave 5 and now we have the purpose to catch the very top of the wave 5 inside the wave 5 of higher degree. Using our favorite awesome oscillator we found the the wave 3 top. It coincides with maximum AO value. Now the market is in boring wave 4 which has the most frequent target between 0.38 and 0.5 Fibonacci retracement. If you are intraday trader you can use this information to open scalp long.
My purpose it to find the wave 5 top. First of all let’s take a look at the wave 3. It has almost reached the 2.62 Fibonacci extension. It means that it’s extended, that’s why wave 5 is going to be ordinary. Therefore wave 5 has two targets: $16983 if it’s trimmed, $17056 if it’s normal. How to define the trimmed wave 5 before it happened? To be honest I don’t know, it’s tricky task. I can only consider the underlying structure on 5 min time frame.
Which trading plan do I have? I am going to place limit order at $17056 and if I will see the weakness next to the $16983 I change the entry level. I want to remind you that the target for this short at the $12-14k.
Best regards, Ivan
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BTC is testing $17K and preparing for a possible drop to $15KAfter it failed to break the Fibo 38 level @ $17800, Bitcoin is testing Fibo 23 level @ $17000 and is preparing for a possible drop to $15000 and even $13000 levels, Signs of weakness appeared clearly especially on smaller time frames, where a reflective candle formed on the hourly chart, we still need to see how the daily candle will ends.
Bitcoin – last pump before crash!Hello, my dear friends!
Last time I told you that Bitcoin should grow to $17200 before the crash. This pump is going to print wave C. Today we are going to consider the wave’s C underlying structure to reveal where the price can reverse.
Let’s take a look at the 1h time frame on the WHITEBIT:BTCUSDT chart. I suppose that wave 3 has been finished becuase it has already reached the 1.61 Fibonacci extension level, the natural target. Moreover, the maximal Awesome Oscillator value corresponds to the wave 3 top.
Now BTC is forming the wave 4. The most likely target for this wave has been already reached at the 0.38 Fibonacci retracement level. After a short sideways move I expect the last leg up in the wave 5 before the anticipated crash. Wave 5 has two targets. The conservative one is the $17070 , the positive one is $17245 .
Best regards, Ivan
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BTC Technical Analysis 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez!
In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, it created a huge Bearish Orderblock ( Resistance area ), effective immediately, and reached the PoC (point of control at the level of 16550$ and has been consolidating since then. It is also important to mention that, Bullish Divergence in Volume has been forming since then in the Chart: Volume decreases steadily - Price making higher lows, hence Bulls are in control. Taking under consideration all these statements, let's get to it!
As we can clearly observe on the chart, we retested the minor Orderblock at 16800$, and the price retraced to the PoC immediately! That's a good sign considering big moves tend to occur, after a huge period of consolidation. Planning forward, after retesting the lows at 16350$ in the forthcoming days, we expect price to move accordingly:
Test the HUGE Orderblock at 17700$,
Reject to the newly formed lowest resistance at 16800$
Retest the Bearish Orderblock
Consolidate inside the area between 17700$ -18400$, building up capital for the next leg up
Market makers move the Price to SL hunt area, liquidating retailers, and convincing them a leg down is on the rails.
Price pumps breaking the OB and finally filling the Fair Value Gap Area around 19500$ - 20000$, building inner confidence to the retailers, indicating us a Reversal. TIP: Reversals do tend to occur, when everything indicated the opposite!
Breaks all support areas and creates a new low below 15500$.
Consequently after analyzing the technical perspective, we plan to move based on the above-mentioned!
Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa.
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
Not a Financial Advise!
Trade with Caution!
Best Regards, CryptoQueens.
BTCUSD weekly (04/01/2023)Happy New Year to all traders!
I have been waiting for a while and accumulating for these purchase points in Bitcoin, here I leave you a new comparative analysis of the weekly BLX on a logarithmic scale together with the Bitcoin Logarithmic Curves and the Rainbow Price Chart.
On this occasion, the purchase points with the highest historical profitability in BTC have been analyzed with various indicators:
- 200MA hold or brief break
- PA on a macro scale with very high pressure points
-RSI touching the lower bands
(all of them as minimums of the previous cycles)
-BLGC the logarithmic curves in minima
-
BRPC maximum sales accumulation points
In my opinion, I think we are facing the best buying opportunities, perhaps with the best point at 15k or around a few days ago. I am sure that the true BTC and Blockchain maximalists are taking action in these areas.
A strong greeting and I wish you a wonderful year!
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¡Feliz año nuevo a todos los traders!
Llevo tiempo esperando y acumulando para estos puntos de compra en Bitcoin, aquí les dejo un nuevo análisis comparativo del BLX semanal en escala logarítmica junto con las Curvas Logarítmicas de Bitcoin y el Rainbow Price Chart.
En esta ocasión,
Se han analizado los puntos de compra con mayor rentabilidad histórica en BTC con diversos indicadores:
- 200MA espera o breve descanso
- PA en escala macro con puntos de presión muy altos
-RSI tocando las bandas inferiores
(todos ellos como mínimos de los ciclos anteriores)
-BLGC las curvas logarítmicas en mínimos
-Puntos máximos de acumulación de ventas BRPC
En mi opinión, creo que estamos ante las mejores oportunidades de compra, quizás con el mejor punto en 15k o hace unos días. Estoy seguro de que los verdaderos maximalistas de BTC y Blockchain están tomando medidas en estas áreas.
Un fuerte saludo y les deseo un maravilloso año!
The Third Eye IntuitionAfter a significant amount of eyes peering at the previous "Second Thought" chart, my third eye recalibrated to a more accurate senario that also aligns with some significant dates and measures.
A VERY LIKELY SENARIO
1. Four Hundred Fourty-One days ends a cycle in the eyes of W.D. Gann, and that puts us at 1-20-23
2. Using the Gann Star and placing the .5 at our most peculiar low reveals a larger time frame and also 1-20-23 bottom area.
3. The date will be 1-19-23, that our bottom first touches, then 1-20-23 it touches for a double bottom
4. That leaves us with 15th, 27th, 8th, and 20th to concern ourselves with as turn dates for other waves.
5. We also have ~14276, ~11592, ~9027 (bottom) to concern ourselves with.
Bitcoin will crash exactly at this level!Hello, traders!
Last time I made an analysis on Bitcoin where I told about the imminent pump to collect the stop-losses of the short traders. Now it looks like the Bitcoin is following my plan and today we have the information which can help us to dive more accurate target.
Let’s take a look at the 4h time frame on the WHITEBIT:BTCUSDT chart. I want to briefly remind you my main idea. We had 5 waves cycle to the downside as a wave 1 of the higher degree. Now BTC is printing the corrective wave 2, which is represented as a zigzag ABC. Waves A and B have been finised. The wave C now is in progress.
In general Bitcoin wants to grow to $17200 to fulfill at least the 50% of the imbalance candle. This target acts as a magnet for the market maker. Moreover, this area is located just above the bright local highs, which means that a lot of stop-losses are hidden there.
We can also look at the underlying structure of the froming wave C. I suppose that Bitcoin have already formed the waves 1 and 2 and we are waiting for the wave 3 finish. This local wave has 2 targets. The conservative one has been already reached at $16756 which is 1 Fibonacci extension. We can now see the reaction, but I think price will reach the $16940 as the wave 3 most likely target. Anyway the entire wave C should touch $17200 before the huge crash. Follow the updated to this idea where I am going to consider the Elliott waves on the 15 min time frame.
Best regards, Ivan
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Bitcoin (BTC/USDT) Predictions for January 2023Bitcoin prices continue to trade just above the support levels it has been held for over a month now. The price has been testing the crucial 200-day MA levels for the past few days but woefully facing a steep rejection each time. Meanwhile, the bearish volume continues to prevail due to which the BTC price is feared to retest the 2022 lows again.
The BTC price has slashed the volatility heavily due to which the bulls continue to remain off-shore. The bearish triangle is being extended finely signalling the continuation of a bearish triangle. In the next 24-48 hours, the BTC price is believed to test the upper resistance at the 200-day MA levels which also coincides with the resistance of the descending triangle. A successful attempt may enable the price to rise beyond $17,000 and eventually hit $18,000 or rejection may lay down a fresh bearish wave to drop below $14,000.
Insane short on Bitcoin this New Year!Hello, everyone!
It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet.
Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave.
Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short.
I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen.
Best regards, Ivan!
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BTC/USD LongAn idea with a broad perspective on bitcoin. My assumption is that if it breaks the ~17700 level , with upward direction then possibly we can see the price hitting the 20000 level , in order to complete the pattern. So i will enter in the trade if the price closes above 17700 level on a 4H chart :)
Bitcoin Technical Analysis 2022 - Based on OnBalanceVolumeHello every one, hope you all are doing good.
This is not a financial Advice, crypto is very volatile and risky, so please do research by your own before doing trade.
OBV OnBalanceVolume is one of important indicator to find the volume locations/movement of volume and the movement of the price.
sometimes it's hard to find out the Divergences using RSI alone, stochastic oscillator and MFI is also one good indicator to identify the Divergences.
Apart from RSI, MFI and stochastic, we can find divergence using OBV too.
For example, as I mentioned in the chart, the Orange Box (from Jan 2015 to April 2016) the price action of Bitcoin was roughly from 200usd to 500usd
but the OBV value is showing a huge "Divergences" roughly from just 3M to 23M perhaps the all-time high of OBV is 37M.
So, most of the critical volume is inside this orange zone, so throughout the life cycle of Bitcoin this volume is playing a vital role until now.
According to Wyckoff theory the market movers or market makers or so-called Composite Men (Orange Box) who buy cheaply and sell at high.
Ok, let's come to point, this time am making this Bitcoin Analysis based on OBV to find the critical zones of volume and where we are at now throughout the Bitcoin Life Cycle.
After deeply analyzing the OBV and drawing the trendlines and channels where the volume and price is respecting more, after the massive Breakout from the parallel channel (at orange zone),
Orange zone is the actual/core accumulation zone of overall Bitcoin where the Composite Men accumulated buying very cheaply and keep Distributing till now and Distribute until the Bitcoin is reset.
Final Conclusion1:
After the massive Breakout from the Parallel channel, the Momentum of OBV is not drastically increasing but instead its Dropping steadily.
From 2016-Breakout to until now 2022 the OBV value is ranging between roughly 25M to 38M (not huge difference), the momentum of going up is Dropped and
Instead of Breakout from the channel it Brokedown in the current Bear Market 2022 this is something concerned of.
So most likely the OBV will keep testing and testing the top of the channel and to my guess it keeps failing and failing same as the blue ascending triangle in the chart
and don't know when but, at some point of time at least once, it should test the bottom of the parallel channel. (May be this test will be the Reset point for Bitcoin).
Final Conclusion2:
Currently there is a slight Divergence created in OBV as price falling and OBV is showing small uptrend.
So most likely soon there will be a counter move in the upside direction and test the upper line of the parallel channel.
(In most cases this kind of slight Divergences happens in corrective waves when the market is selling off (during Distribution phase) and forcibly divert the market to move in reverse direction).
Please give a like and comment if you have any questions.
Thank you.
Anticipating A Bitcoin Position-TradeFellow Market Traders & Investors,
From what I understand, the market is geometrically predictable. It will form patterns to induce buyers/sellers to enter the market and purposefully creates entry triggers for liquidity to generate at market highs or lows. Once the order flow is built, it sharply moves, as supply and demand reflect price. This is why Support & Resistance are foundational to all forms of technical analysis. There is more beyond just drawings and historical data. The economic and geopolitical impacts are a leading factor that influences large institutions to consider equity re-allocation.
The 1.7 Trillion Omnibus Spending Bill will create uncertain tensions between the Fed and our faltering Dollar. As the money printers
kick into high gear, so too will the market. There will be a flush, a crash, before the market administers the insiders play. The insiders #1 goal is to remain at a net long and net short profitable hedge, as they exit shorts for massive profits, tricking the average investor to trap themselves at market lows; all the while, they are buying. While the SEC, and the FED aren't on the same page; the Senate is obviously out of touch with monetary policy and its repercussions.
Overall, I believe these fundamental factors may materialize in the charts. Watch for the bulls patiently, they are waiting for the right catalyst to join in. oh, and guess what? The large institutions balance sheets have increased because of the profitable down pour. Consequently, as they flip net positions, we will see bullish rally's and eventually the market will turn. Wait for the catalyist and rely on your strategy.
P.S.
Look at the Quarterly Chart Time-Frame! There is a 3 month Order Block/ Sponsor Candle. Anticipate...
Bitcoin Bull Flag 1HAs you can see we formed a symmetrical triangle on the 1H chart for Bitcoin and perfectly broke down by the height of the triangle. Following that we saw a v-shaped recovery and now we can see a bull flag is forming for BTC, and although bull flags have a higher probability of breaking to the upside, we saw a death cross on the 1H with the 50MA and 200MA. In conclusion, the volume that will come after Christmas will determine which direction we can break out, and the potential targets are shown on the chart above.
Bitcoin Market UpdateBitcoin Market Update
Entry $16600
Entry $16400
SL $16240
TP $17200
As new traders here, we're waiting for your feedback. Please like and comment on our ideas, and feel free to ask any questions in the comments. We'll do our best to respond to them all.
We wish you all a nice day and success in your trading today!
Bitcoin Dump 12000$ ? CRYPTO MARKET UPDATE
Bitcoin support levels - $16,700 and $16,300 strong Support
Bitcoin resistance - $17,300 and $17,800 strong resistance
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Analysis -
BTC Support is at $16,700 and $16,300. Resistance is at $17,300 and $17,800. Trade carefully and manage risk according to mentioned support and resistance levels.
BTC closed its daily candle green at 16895.
Looking at the 1-hour timeframe, 50 MA has been able to provide support to BTC which is around $16,700. 200 MA resistance is around 17,100. BTC needs a high volume to successfully break out from 200 MA resistance. If BTC is unable to maintain 16700 support then there will be a higher probability towards testing of the next support which is at 16,300.
Bitcoin BTC Price prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to follow it.
My price target for Bitcoin BTC for the end of the year are the following:
BTC/USDT short
Entry Range: $16900 - 17100
Price Target 1: $16280
Price Target 2: $15990
Price Target 3: $14990
Stop Loss: $18265