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Bitcoinusdt

BITCOIN Historical Setup! - by DeFeyeHappy Weekend Traders, Investors & Gamblers Circled in Yellow you can see the LAST and ONLY time EVER, BTC had a fake-out above the 200w SMA back in August 2015. That was also the only period where Bitcoin spent multiple weeks below the 200w SMA. This is THE thing to look out for in the $BTC charts today! As you can see here below 👇, we are in a very similar situation right now and it is key for Bitcoin to at least stay above the moving average on a weekly closing basis to avoid a re-test of the current range lows, or even further downside. Also make sure to check out my post from August 5th (see below 👇), where I went into more detail about the bullruns that followed whenever Bitcoin confirmed support above the 200 week SMA after falling below it (3 occasions total) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by DeFeye
A possible short positionHi, in the current area, (yellow box), any sudden drop that leads the price down to the buttom of the yellow box (that might be with a bearish hammer candle for instance), can trigger the weakness of daily time frame to lead the price down to lower deeper targets (somewhat unpredictable). so plan to risk free your positions with stops on the specified line. but, there's a long opportunity for it too. its in the next idea we're going to publish.. good luck.
COINBASE:BTCUSDShort
by Finnovin
What is the Best Price for Buying BTC? Does it Worth Buying?Since BTC is not an asset or any reliable currency there is nothing I can be sure of. But, with simple Elliott waves and Fibonacci numbers, we can see that 13K and 17K are the best prices for buying BTC. (BTCUSDT chart is saturated in the daily time frame as you see in the published chart) The problem is how long you should hold your new BTC. Now, let's think with our simple logic. As you know, interest rates are rising along with inflation in the world. So, high-risk markets including cryptocurrencies are definitely affected by these conditions. I personally think you should buy BTC in 17k with 15% of your investment money (cryptocurrency investment) and then buy 30% in 13k. If I were you I would hold my second buy until BTC reaches about 60k and sold the first buy on the highest point. (However, before selling, it is important to analyze the economy of that date whenever it wants to be) With all of these things said, it is worth the risk but not more than 20% of your entire investment money on stocks, forex, and crypto. If there is anything that you think you can add to my published post, please leave a comment.
by AregBabayn777
2
BITCOIN Weekend UpdateHappy Saturday Traders, Investors & Gamblers 😃 After hitting our price targets we are waitig for a sign from Bitcoin to see in which direction we can expect the price action to go. This is a quick update on the 4h chart looking at different confirmation levels: - Horizontal: The Green Box is our key resistance which we want to close 4h candles above in order to confirm further upside. The white box is our lowest point at which BTC can continue to make higher lows on the larger TFs - Ascending Channel: The support (Red dotted line) is our most Bullish option here for Bitcoin as a bounce would take us straight back to the the range highs. - Bull Flag: We have to consider that most continuation patterns, bullish or bearish, during weekends have broken mostly sideways in recent weeks, hence we have to look closely at the 21.500$ area, a 4h close below could take us straight down to the white box and support of the widening wedge (see below) - Widening Wedge: The support (lower white riffled line) in line with the previously mentioned white box, a bounce here is BTCs last hope to continue in an uptrend. A break and 4h candle close below could indicate further downside to the range lows. - Conclusion: On the downside we have to look at the 21.500$ area to hold and send us back to the range highs, or we are likely to get back down to the wedge support and white box around the key level of 20.300$ On the Upside nothing has change we are still looking to close 4h candles in or ideally above the green box (22.500 - 22.800) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSD
by DeFeye
BITCOIN 4H UpdateHappy Sunday Traders, Investors & Gamblers 😃 In the next 24h we should have a decision weather we are going to continue to the upside of the ascending channel, or break down from the bear flag that is visible when we zoom out. (See Below) Bear Flag: I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by DeFeye
4
BITCOIN 4h UpdateGood Morning Traders, Investors & Gamblers 😃 This is a follow up for my post from June 30th. BTC has now reached a critical spot where it needs to close abive the Red line right around 20.270 . That line represents the neckline from where we broke down and lost the 20k region . Now it's our first target to regain that region in order to set up for another attempt at the range highs (green line) in alignment with the top of the ascending channel right around 22.500 A break above would indicate a potential trend reversal on the larger TFs. I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by DeFeye
2
BITCOIN Target Hit! What Now?Good Morning Traders, Investors & Gamblers 😃 We have now foud the top of the ascending channel which I first posted at the end of June, at the top of the channel we found very strong resistance coming from the range highs and other indicators which I wrote about below. For confirmation for further upside we want to see Bitcoin confirm with a 4 h candle close above 22.600$. 06.30.22 Here Below on the Daily BTCUSD chart you can see how the orange box represents the neckline that keeps us in the current trend. We need a daily close above to start a trend reversal on larger TFs. Our Targets would be the green lines (25.4k, 28.6k, 31.8k) Here below on the weekly BTCUSD chart we see our main resistance point, the 200 WEEK SMA Getting back above this important moving average and regaining it as support would be extremely bullish as historical data shows: And last but not least here on the montly BTCUSD chart we see another key moving average that we are currently sitting above, the 50 Month SMA, and of course it would be a historical bottom signal for BTC if we close the month back above the moving average. I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSD
by DeFeye
My very amateur thoughts on what could happen - BitcoinHere is my quick thoughts on bitcoin. (note, on the 15minute time frame, so just short term stuff that could take us into a reversal or into a ranging bottom here) We formed nicely a descending falling wedge pattern, which has broken to the downside. I can see the price action entering back into the wedge pattern meaning that this was a fakeout or deviation, would be a strong buy signal. Can then see price action making its way back to the overhead resistance where we will see a breakout. Dependent on the momentum as to wether we see a re-test or not. I think that the market could be so lively that we don't see a re-test. Pie in the sky ideas, but its nice to project some Ideas on what might be.
Long
by t_trad_coach
7