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Bitcoinusd

Daily Bitcoin Update - Will key support level hold $16572Afternoon all, Remember to BOOST Full TA in the video as usual. Some notes: - Further break down from the pattern - Bearish retest confirmed - .618 golden fib acting as support - Limited trading volume under this level so if the price does break down i am expecting a quick move down to 16300 area - Bullish scenario would be a break above 16919 but beware of that head and shoulders! - Bearish scenario is a bearish retest of the .618 golden fib $16574 - Measure move $16326 - Further support $16083.786 fib. - Lack of volume right now and bears are in control - SPX and NASDAQ hit hard yesterday and pre-markets are negative 1% if it stays like that then the SPX and NASDAQ would open below current support which could result in more downside. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSDShort
by BPOI
21
BITCOIN 15 MIN BREAKDOWNHELLO AGAIN TRADERS, HERE IS MY MORNING BREAKDOWN Currently I see three interesting levels for us, as I wrote yesterday evening again during the Asian session there was a bigger move which however caused the market to open itself. When I look at the overnight volumes there were substantial orders around $16560 from where bitcoin fell, its first stop was around $16419 and then made a short term bottom around $16100 - $16175. Then the last orders where I see a support zone are at $15800. In between these zones as I marked in the chart on the right you can see that there is a gap of trading volume so Bitcoin just flew through there last night but the markets tend to fill these gaps back in and take orders from the top where there is liquidity. Therefore, I would say today we will go back to the $16419 level and that is where we will decide if we have made a bottom for a short-term uptrend in December at where we are currently or from $16419 to $16560 we will go into a short again. There will be very little volume in the London session at the moment, I can only go long when we get back to $16160 - $16180 from there we will bounce towards the last volume at $16419 and above, although the dollar fell on the London opening and Bitcoin didn't get much traction.
Long
by Crypto-Frantisek
5
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is... There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
Short
by BIG-BLACK-CRYPTO
Bitcoin has no reasons to grow?Hello, everyone! After reaching the maximal target for the local corrective wave 4 the Bitcoin price started to decline. Yesterday most of analysts changed their mind from bearish to bullish and after today’s dump as I can see the number of bulls has even increased. Do we have any reasons for optimism? Let’s take a look at the 4h time frame of BTCUSDT chart of the WhiteBit exchange. Here we have the clear range bounds. Earlier price formed the deviation lower than range’s bottom, yesterday we saw deviation to the upside. Moreover we can see the some kind of support and resistance trendlines. Bitcoin has formed the fake out to the downside and yesterday was the fake out to he upside. I consider that there are no more liquidity for the growth and BTC has the only way to the downside. If the price will break support trendline to the downside the huge crash is incoming. I am sure it will. Expect local bounce with the further dump. Best regards, Ivan
Short
by Skyrexio
19
BTCUSDT 15 % pump possibleThe price created beautiful ranges that you can observe on 4h timeframe. Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position. Entries, Take profit levels and final target for this trade are shown in the chart Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000. Good luck
Long
by vf_investment
14
possible Bitcoin price movement for the nearest weekToday we will consider the possible BTCUSDT price movement for the coming days/weeks. After all, if a pattern of reversal and trend change is forming now, it is important to understand where the safe buying zones are. If we talk about the Bitcoin price, then you can try to buy it if you see sharp buybacks from the liquidity zone of $15800-16000. If sellers do not manage to lower the BTCUSD price below $16135 at all, it will be a super strong signal to buy, because it means that sellers are weak and buyers are aggressive. Well, then buyers can start to drive the BTCUSDT price up, and break the stops of shorts. Each break of the shorts' stops can only accelerate growth because aggressive closing of the shorts is a buy order on the market price. So buyers can very quickly drive the BTCUSDT price into the liquidity zone of $19-20k even before the end of November. If you are interested in our global view on the possible future of the BTC price, we invite you to watch: Speaking about altcoins, you should start buying them when BTC sellers confirm their strength. Also, in our opinion, you should first all pay attention and buy altcoins that have stopped updating the lows of 2022, for example, such as XRP In the comments, share the altcoins you think are strong and worthy of attention and purchase. And we, in turn, will analyze some of them next week and will publish them here. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
37
Bitcoin – liquidity collection will cause the dump!Hello, everyone! The target from the previous article has been reached and I think that Bitcoin will not grow above the current price. The upside correction has been finished and now it’s time to see the new deep dive. Let’s take a look at the 4h timeframe of the BTCUSDT chart of the WhiteBit exchange. I made a mistake with the short entry point at $17300 because I supposed that wave C have been finished there, but wave is extended and I decided to not close the short trade, I told about it yesterday in short update. Now I consider the reversal point, may be we will see one more local pump but it will lead to more severe crash. $18200 was the magnet zone because of liquidity of short traders. Now there are no any significant liquidity above, but we have a ton of liquidity below, I suppose the next impulsive bearish wave will collect this liquidity next couple of months. Best regards, Ivan
Short
by Skyrexio
10
Bitcoin is on the edge of collapse!Hello, everyone! It’s time to refresh our global Bitcoin analysis because I have some evidences that the new impulsive wave to the downside is about to happen. Let’s take a look at the 1D time frame of the BTCUSDT chart of the WhiteBit exchange. When we analyzing the Elliott waves first of all we have to find the minimal Awesome Oscillator value. It corresponds to the wave 3. I consider wave 3 has been ended at the $15500. Now our purpose is to find the wave 4 top to short the market and catch the wave 5. I have already opened short position at the very top $17300 and told you it here 5 days ago. I suppose that the wave 4 has been already ended because of the AO zero line crossover, but I am ready if BTC will show us another one leg up. Maximal target is $17800 where I can wait the price to enhance short position – it’s 0.38 Fibonacci level. I want you to notice that the 0.5 and 0.61 Fibonacci levels are unreachable because it will violates the Elliott waves axiom about non-overlaping waves 1 and 4. Hence I am waiting for the crash in the nearest weeks. The probable target for the wave 5 is $13200. Best regards, Ivan
Short
by Skyrexio
7