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.
Bitcoinusdt
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 !
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
BTC new Update (important)Hi Guys,
This is a schematic view on mid/long term support/resistance zones in Bitcoin.
those two green circles are highly attractive zones, price might move in a pattern to touch them. so it might give you some hints about the timing analysis.
the yellow line on current zone is very important and make sure you won't ignore it.
for a better understanding, check the post below, related to ETH.
Bitcoin good setup for uptrendIn the hourly timeframe, the Bitcoin is showing correction signs for at least the next 12 hours:
1) Bullish Divergence
2) Bullish Inverted H&S
3) Strong Support at 29200
4) Many engulfing green candles starting from the support line
5) Buyers coming in and pushing the price up despite the big red candle at the left MA Cross (green dotted hairline, A big movement in this area)
6) Trendline counts as another support
7) The hourly 9ma crossing above the 21ma is even better.
A continuation of the last uptrend is highly likely. We will retest the 31000 line and if we break through it, we may see the 32199 which is a bit hard to go through. In case we pass the 31000 resistance and get rejected at the 32000 one, we may go sideways for a long while.
This is not financial advice. Please do your own homework.
LONG-TERM BITCOIN PROJECTIONHi Guys
We have possibly hit the bottom and here's an idea you may find very interesting that could predict a rough route Bitcoin could take to see new ATH's.
THE LONG ROAD AHEAD
First off the chart: KRAKEN; WEEKLY; BTC vs USDT. The red, yellow and green lines represent areas of support and resistance. The pink dotted line represents a 50% price point between the ATH and the recent low (possibly ATL for 2022). Th blue horizontal Line represents the lowest weekly close since 2021. The White lines represent a price projection.
Unless you've been living under a rock, you would of heard about the Wyckoff Approach, which outlines how massive financial machines buy up or sell off assets.
I found an interesting Reaccumulation Schematic. (See Reaccumulation Schematic 2 in the website bellow)
halotrader.medium.com
This schematic shows very similar price movements (so far) with the weekly price action of bitcoin. Not 100% of course but similar enough to compare.
I traced the exact lines onto the chart and came up with this scenario.
I'm 100% confident the exact lines will NOT be followed but COULD be a helpful guide to judge price direction.
Please Like if you agree and comment with your thoughts.
Many thanks,
Casey
DISCLAIMER: NOT PROFESSIONAL ADVICE.
Bitcoin: Head and Shoulders, ticket outThis could be our ticket back to long Bitcoin positions.
(Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position).
BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for everything except Monero and some other privacy coins. Which makes me incredibly happy, but that's a topic for another post.
Good luck and Godspeed everyone. 🫡
♠️🤫🐿
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit.
Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is.
My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k.
THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA.
If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels.
If we are no longer in a range, keep your stop losses tight and your risk management in order.
BTC Sell the previous support.Bitcoin - Intraday - We look to Sell at 37488 (stop at 38202)
Daily signals are bearish.
We look for a temporary move higher.
Previous support at 37500 now becomes resistance.
20 4hour EMA is at 37600.
Our profit targets will be 35707 and 35107
Resistance: 36500 / 37500 / 38500
Support: 35500 / 35000 / 32950
BITCOIN PossibilitiesBitcoin has been printing bearish momentum for a long time and 50 SMA will be crossing 200 SMA for the 3rd time in Bitcoin price action history. This ended up with brutal downsides in the past and .618 Fibonacci retrecement is waiting for us which is very well respected since December of 2020. If that Fib level can hold, it might be an epic bounce and we might some more bullish momentum by summer. If that .618 Fib Zone can NOT hold, we might possibly see some more downside.
I will be voice recording this idea to explain better than writing.
Best regards,
Bitcoin won't see new ATH this year!Hello Traders,
The chart says it all, but please read the below info:
Bitcoin has experienced three significant rallies in the past. The second one took almost three years, and then we were in a one-year correction phase (almost ~-85% down from the previous ATH).
The third rally took the same time frame (considering $69k as the top). If the history repeats itself, we are in the one-year correction phase since $69k, and it's not finished yet. As you see on the chart, Bitcoin always respected the 0.382 Fibonacci level, one of the most common reversal levels. Bitcoin has not touched that level yet. There are two probable scenarios now:
1. Consolidation between $30k-$50k until Nov 2022, then the new three years rally will begin.
2. Consolidation between $30k-$50k until Oct 2022 plus one-month downtrend as last buying opportunity below $28k and probably close to 0.382 Fibonacci level (~$22k) then the new three years rally will start from Dec 2022 until Oct 2025.
Based on the previous cycles' length and data, this is the most logical outcome. Please note all estimated timeframes may change because of unpredictable external and internal factors.
Please hit the like button if you agree and share the chart.
Thanks.