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Bitcoinusd

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.
by Coinpedia-Market-Insight
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! ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
7
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.
BNC:BLX
by nmchary
1
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...
FOREXCOM:BTCUSDLong
by Seth_McCutchen
2
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.
BITSTAMP:BTCUSD
by CryptoKidCMT
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 ——————————————————————— 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.
Short
by Waqar212
1
Bitcoin – the bounce is possible!Hello, everyone! As you know I am in short position and I am sure that the new impulsive wave to the downside has been already started, but local picture told us that we can catch the pretty nice scalp long trade. Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. I decided to consider the waves 1 and 2 as it is shown of the chart. In this case the wave 3 reached exactly 1.61 Fibonacci retracement level – the natural target. Awesome oscillator minimum value also confirmed my idea that wave 3 has been finished. Oscillator has also crossed the zero line which is the minimal requirement for the wave 4 end. It means the we have to catch the wave 5 bottom to trade the potential bounce. Let’s wait for the divergence and the bullish reversal bar to enter the long trade. Watch out my updates I will tell you when I am going to execute this trade. Best regards, Ivan
by Skyrexio
10
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