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Bitcoinusd

Bitcoin BTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Chart timeframe is on the weekly. You can take a look at my previous weekly btc or daily chart. The info is pretty much the same, however on this chart I am zooming out even further for you. The chart on the daily for my previous chart is wrong though, I did not use the full data given to me with that chart. On this BLX chart I have the full data. On the daily I had the bottom marked around 20k and weekly I have it marked around 12k. Regardless of where I have the bottom marked, I will claim both of those charts to be off since I do not have the full data. On this chart I have data going back to 2010 giving me a more accurate wave count. Wave 1-5 on the smaller cycle took us about 11 years. I am expecting wave 3 to go a bit longer, about 12 years. Currently we've finished wave 2 or we're finishing it. Either the bottom is in at -77% or we have one last leg down to 12k, being -81%. Wave 3 price target is 180k (no moonshot). A long position from today's price your R/R ratio: 12.52 Possible upside: 636% Possible downside: -50% A long position from 12k your R/R ratio: 120.33 Possible upside: 1241% Possible downside: -10% I'd like to say none, we might wick a bit lower, but personally I would claim this to be the bottom and not use any stop losses. I will dive a bit deeper into this chart below so I don't make this chart too sloppy.
BNC:BLX
by AyoKu
2
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high. Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February. Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k. Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
COINBASE:BTCUSDShort
by FetchTeam
BTC/USD CHART STILL LOOKS HEALTHY TO MEHello fellow traders! This is just a look at what I am seeing. First off, BTC still has its golden cross which is nice. (Daily 50 MA trending above the 200 MA) To note, BTC has continuously made higher highs and lows. Stochastic RSI needs to relax after a hard days work at 100. The one thing I don't like is the pretty large bearish divergence that has taken place. weekly, jan-nov, so that can't be ignored, so have stop losses in place! Now, I Imagine BTC will have another dip down to further confirm resistance as support, (BTC loves to take a big dip before coming back up again) this would also coincide with the RSI possibly touching down to 50 (support) If price action starts trading above 58k again, that would be a good sign for the bulls as the weekly candles have touched this zone 17 times, making it a strong area of resistance. If this support area doesn't hold, BTC will likely see 32k again. As for my opinion, the chart still looks like a healthy market cycle taking its course. Let me know what you guys think! Post some charts? Good luck, and think positive! :)
COINBASE:BTCUSDLong
by KYLEKILLJOY
BTC/USD CAUTIONHello fellow traders, just wanted to share while the momentum has shifted prices higher for some time now. The RSI however is showing that the positive price action is running out of steam. In my opinion, I suspect a pullback to 20K (roughly) to confirm as support. Weekly charts more or less convince us the Bull cycle has started (weekly macd cross, monthly stochostic cross) This is just stating nothing parabolic will likely happen anytime soon, but if anything a healthy stage for the market to prepare for the next bull cycle.
BITMEX:XBT
by KYLEKILLJOY
Too early to say that Bitcoin has entered a bullish trend?Is it too early to say that Bitcoin has entered a bullish trend? The weekly timeframe suggests that the overall trend might no longer be bearish considering the current price of Bitcoin has broken the upper line of the downward trend line. A factor that could prevent Bitcoin from moving higher is that it is approaching the 200 EMA period, which could be a strong resistance. Furthermore, there is a supply zone at around $24,300 that could pose a problem for the cryptocurrency's short-term upward trend. The narrative on the daily chart is almost the same, with the only significant change for a bullish signal being the closure above the 200 EMA period. On the other hand, the RSI indicator is giving an overbought signal. Currently, Bitcoin is in a consolidation phase in the daily timeframe within the range of the Darvas box.
BLACKBULL:BTCUSD
by BlackBull_Markets
2
Bitcoin is about to destroy the longs!Hello, everyone! Yesterday we had the long trade which brought us the very small profit. I closed the trade manually because price has broken down the low of the bearish reversal bar. You can find this moment in the previous idea’s update. Today we have the potential short trade setup with the very tight stop loss. 1h time frame of the BINANCE:BTCUSDT chart is showing us that the yestrday’s pump is likely has been ended. First of all, the Awesome Oscillator shows the decreasing momentum which means that bears took control in their paws. Also we have the fractal level at $22919 , if Bitcoin price will break this level I am going to execute the short trade with the stop loss at $23173 becuase the second up fractal is placed there. The profit target I chose randomly. Using the classical technical analysis we can see the triangle pattern which has been broken to the downside. This is not reliable sign for me, but it’s also the bearish sign. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
13
BTCUSD - Broken Long-Term and Short-Term Trends on the Upside?BTCUSD has recently received a buy signal from Crypto Tipster v2 Indicator after breaking through two descending trend line levels. This could be seen as a bullish signal and suggests that the cryptocurrency may be entering an uptrend. With the recent break through of these levels, we're cautiously optimistic about BTCUSD's potential for further gains. However, it is important to note that BTCUSD is currently facing a final consolidation level before reaching potential gains of 20%. This means that the cryptocurrency is experiencing a period of stability or a pause in the current trend. It's important to keep an eye on this final level and monitor market conditions to determine whether BTCUSD will be able to break through and reach gains of 20%.
KRAKEN:BTCUSDLong
by theCrypster
4
Will Bitcoin give us this long trade opportunity?Hello, everyone! Let’s continue our trading journey. Yesterday we had the successful short trade on Bitcoin, but tonight it gave us the early reversal signal, that’s why I decided to close the trade in solid profit and wait what the market will give us. Let’s take a look at the 1h time frame BINANCE:BTCUSDT chart. We can see the bullish reversal bar at the very bottom. This is the simply the bullish hammer with the large angle with the Williams Alligator red line. This was the first valid signal that the downtrend is weakening right now. Moreover the BTC has already created the first fractal above the red line. If it will be able to overcome this level at $22998 we can use the long trade setup pointed out on the chart. In case of losing support at $22738 we can open the new short trade because the potential trend reversal is not valid anymore. Anyway we should not try to predict the future, just trade the current market situation. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
3
Bitcoin is forming the bull trap right now!Hello, everyone! I hope you enjoyed my last two trades, it were extremely risky, but we took very nice profit. I have completely changed my mind about trading. As you know I have lost significant amount of money, shorting the market during current bull rally. It was the moment where I fully understood that market is unpredictable. That’s why I also revealed that Elliott waves are needed not for entering position and predicting the future, but for the verification if the market is in impulsive or corrective wave right now. I was too self-confident using waves and forgot about other Trading Chaos tools. Now I started to use them all. We have 1h time frame of the BINANCE:BTCUSDT chart. The price hit exactly my target for the long trade and started local retracement. Now we can see that it has already formed two up fractals and one downfractals. It means that we have the fractal signals for both sides, long and short. Looking at the higher time frames we can notice the multiple bearish divergeneces. That’s why in my opinion the long trades now are risky. I will remind you, divergence is the greatest predictor that the wave 5 has been ended. It is not the signal, just caution. What about potential trades? We have the key fractal level $23564 . If the price will break this level I am going to open short with the stop-loss above the second up fractal $23893 . take profit I am going to place at $22575 . But we have to watch out carefully the moment when price approaches the crossover of the trendline support and resistance, we can see the reaction from there. If the signal will be activated it is going to be under the red line of the Williams Alligator indicator. It confirms the signal’s validity. Awesome Oscillator has also shown us the short signal, which enhanced our thoughts. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
Trading is Repeating- Not sure that we already finished Wave 1. - What we know is : " BTC went straight up for 4 weeks ". - the safest way for now if you missed the last bottom is to watch and wait. - At one point TheKing have to retrace, so be patient. - if BTC Retrace now : - Set your Fibo to -61.8% Retracement, around 18,500$ - Charge bag at the good time. - if BTC push more : - Wait for a retrace and recalculate your -61.8%. - Keep it easy and Stay Safe! Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
10
#BTC Game of Bullish and Bearish Deviations..#BTC has been trading inside this channel for the last week. Only a breakout will decide the trend. All the marked deviations are merely a filtration process before the next leg. But it's crucial for BTC to break the $23k level by this week. Else the trend will weaken if it gets rejected again and again. Keep an eye, better not be emotional. IMHO, Wait for the breakout in HTF, You can't be bullish or bearish in a sideways trend. You will only lose money trying to trade the sideways market. DYOR, Not financial advice. Do show your support with your likes and share your ideas in the comments.? Thank you #PEACE
Long
by Cryptorphic
7
The Bull market for Bitcoin has been confirmedI am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib level. Bollinger Bands are contracting, indicating an imminent explosive breakout. In my opinion, we can begin preparing to revisit the $35,000 price level in the upcoming weeks. That is the next resistance point, specifically the 0.236 Fib retracement. Furthermore, the outlook on the monthly timeframe is highly favorable, which is in the process of closing within the next few days. Wishing you all a thriving bull market, my fellow Bitcoiners. Bull confirmed.
BITSTAMP:BTCUSDLong
by joerivdpol
Bitcoin – my intraday trade revealed!Hello, everyone! The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why. On the 4h time frame BINANCE:BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness. We have to buy only at the breakout, therefore I placed the conditional buy order at $23103 . This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to $24k , but after that the anticipated dump is about to happen. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
24
Bitcoin is about to explode!Hello, everyone! I hope you like my new analysis format with my intraday trades. Yesterday’s trade is still actual, but if you missed, you can use this one because it has much better risk to reward. On the 1h time frame BINANCE:BTCUSDT chart we can notice that the price is fluctuating around the teeth of the Williams Alligator indicator. It means that the market is about to explode an show us the impulse. Now we have the clear fractal signal if the price will break $23053 it can reach much higher levels. This breakout is going to be the trigger for bulls. Moreover we have the trendline resistance above and I suppose the Bitcoin should break this level to show us the higher high before the dump. Awesome Oscillator now is aslo gaining the strength, crossed above the Moving Average. It means that the momentum is rising. Very important we have to wait for the $23053 breakout to jump into long trade. The stop-loss should be placed just under the second down fractal at $22838 . Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
25
Next Bitcoin movesBitcoin broke out of the low 20K resistances and is approaching 25K. 20.5K is now acting as possible support. If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing. Long position 1: I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that. Long position 2: I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo. Short Position 1: BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts. Short position 2: If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical. Short position 3: BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts. Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run. Would love likes or comments, with ideas and other scenarios etc.
by KieranSeven3
3