Bitcoinusdt
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 ✌♥📈
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 ✌♥📈
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 ✌♥📈
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 ✌♥📈
bitcoin alternate scenario READ DESCthis is a short term play that a creator in my community pointed out to me, personally i believe we will have a slow bleed or a straight capitulation, i’m not expecting a drop in clear waves but just wanted to put this out there.
bitcoin dominance explanation BTC.Dto be clear, THIS IS NOT A BTC.D PREDICTION, this is just explaining btc.d and will be linked to one of my previous posts, whose description uses btc.d as evidence for times provided, see linked post
Bitcoin price prediction june 22nd - 30th. HEAD AND SHOULDERSthis is my secondary price path that I think could play out.
I see an inverse head and shoulders which would lead to a nice pump if it plays out, however,
my overall bias is hitting 16k or at least back to 18k-17k, so im guessing we see a pump and then
the final drop to solidify the bottom or we just consolidate until we drop.
BTC target price 22.900*butterfly formation
*parallel channel
*support and resistance
BTC target price $22.900
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.
Bitcoin Bullish Reversal Bitcoin will most likely reverse trend for a good while when it hits the previous price that changed the trend to bullish (breaker) which is 19798.68. The second point of interest will be from 13970 if it should continue to go down a lot more past 19798.68
Repeating cycle on BitcoinHi guys,
After the Corona pandemic, it was a repeating cycle, obviously leading the market to new ATHs,
now It seems that the next step of this cycle is also probable (with less downward momentum) But: the next trend will be happening with months of delay (if not a year).
check out next lower scale (time-frame) TAs.
Follow and Feel free to leave your opinion in the comment section below.
VRA trading channel price predictioni do not have a clear target but this is a trading channel I have identified for VRA,
i would suspect that we would find a bottom at around the same time as trias, right after bitcoin bottoms,
i would guess we get to 0.003 but that is just speculation,
the channel is mostly to just see if VRA is against resistance or not, showing short term forcasts.
Bitcoin next dip ~$23kHello Traders,
As you see on the chart, Bitcoin is in the downtrend channel, and I think it will touch the channel's lower trendline, which is ~$23k (a bit above the 0.382 Fibonacci reversal level) until June 13.
Please hit the like button if you agree and share the chart.
Thanks.
Theking Following Nasdaq ----------------------------------------------------------------------------------------------------------------------------------------
- Quick update. the chart is speaking by itself.
- this a 1W TF analyze but if u go smaller TF, u will shock to see how BTC is linked to Nasdaq.
- BTC is simply cloning Nasdaq 100% from 8 November 2021.
- This happened already on 17 Feb 2020 when Covid knocked our doors.
- Those dips moves can be kind of "over pressured", i means by that : if Nasdaq loses 5%, BTC could lose 20%, Altcoins will cry -50%++. just the normal way.
- Just follow Nasdaq could be a smart way, TheKing is still young, and for now US100 "mastodon" acts as a World termometer.
- i will link in comments my older analyzes on Nasdaq. this will help to define a possible bottom.
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Happy Tr4Ding and Stay S4fe !
BTC Elliott Wave countBitcoin Elliott Wave count update
WXY correction pattern for 4th wave and with this breakout above 30000 I think we entered the 3rd subwave of the 5th wave.
Target for Bitcoin now is somewhere at 23500
Bitcoin will most likely go lower to 25,500 - (Weekly view)In 2018 and 2020 the price of Bitcoin went below its 200 Moving Average. Now is 2022. In both cases the price dipped below its 200 MA and then pulled back above it on the weekly chart. In both cases this low level was retested in the next weeks. I suspect a similar scenario is playing out and this will most likely take Bitcoin to around 25,500 in the next few weeks.
Bitcoin Long suggestionThought Id zoom out on bitcoin to have a look at this ugly range we are in.
What is really positive though about this range, is that its been going on long enough now for it to be a range, and not a bear flag on the daily. There is equal opportunities that we might break to the upside and to the downside....
Now.....if we do break to the upside I cold definitely see us travelling up to the 37k mark....and in terms of risk reward on a trade, thats pretty huge.
Bitcoin BTC TREND spotted! (and XMR!)After 3 weeks -- we have ourselves a solid trend on the 4H res.
Now this is Bitcoin, obviously. Y'all know I am a die-hard $XMR Monero privacy focused individual that keeps his portfolio geared almost exclusively to that realm of cryptocurrency.
Nevertheless, with that being said, when the market is this uncertain and dare-I-say, f'ing abysmal-- Bitcoin $BTC Big B the boss runs the show unfortunately.
However ! Since that one country invaded that other country back in late February, $XMR Monero has began to simply do its own thing, showing signs of moving AGAINST Bitcoin. I have posted evidence of this throughout all my Monero posts since the end of February. --Hell, it moved against the bossman for almost 6-7 weeks while the rest of the market staggered or tanked. THIS is more of what I want to see.
I apologize about being AMA for a bit. I work for a living, with crypto giving me the opportunity to work a little less and maybe (if the world doesn't end) retire a bit early. Also, with the market being as toast as it was (...is), I am not a short trader. --At least not usually.
♠️🐿🤫
The Bitcoin Vix Cheet Sheet Indicator Opinions neededThe Bitcoin Vix Cheet Sheet Indicator under community indicator says we are going down for 10 more candles on the weekly chart. Your thoughts and opinions are needed. Could this be true? That would mean Bitcoin could drop to $23,000. This indicator seems accurate.
Bitcoin is bouncing off support and moving towards resistance.Hi Guys
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
bitcoin analysis may 22nd - early junethis is what im seeing for bitcoin right now. i did a trias analysis and wanted to see if this matched.
I think this is needed sometime to be able to get to new ATH soon.
let me know if there is any tips or consideration for me to make this analysis better.
BTC AT A IMP SUPPORT AREAIf it breakdowns we can have nice trade downside but be cautions for down side.
Wait for a proper candle close and prefer a restest.
Also, It can be a reversal from this level. Wait for a price action to form in shorter time frames and trade accordingly.
