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Btc-analysis

Bitcoin (BTCUSD) near term high likely inA series of Fibonacci extensions show a cluster of key 161.8% and 61.8% levels all converging around the 54k to 55k value area. Consider that the Gann Death cycle of 49 bars is right where the next weekly candle opens as well as this time period being an anniversary period of important highs and lows found for Bitcoin, we should anticipate a likely top here for Bitcoin with a likely retracement to the 28k value area over the next 45-90 days.
COINBASE:BTCUSDShort
by itsjustanalysis
17
#BTCUPDATE - 19.6.21 As per yesterdays analysis if a breakdown happened and $35k was filled. Currently quite heavily oversold so expected bounce to occur here at $35k potentially to as high as $38k although be careful as this will be printing a Head & Shoulders pattern imo so could see a heavy dump follow that to potentially $31k again Breaking down here on the $35k will very likely continue down to about $31k/$32k region. as there is very little support down to there. Looking pretty bearish short term but following the ranging pattern pretty closely- I don't expect it to break down below this though $31k support and that would probably be the time to start looking again at buys.
by Kryptochristian
3
#BTCUPDATE - 1.6.21#BTCUPDATE - 1.6.21 We are at the business end of the deal now - coming to a close of the consolidation triangle now with BTC. Right now trying to guess the direction of BTC is a fools game - play to the direction of the break, we should be seeing this play out in the next 2-3 days. Over the coming days I would expect some sort of massive FOMO or FUD news to drop to drive the direction (possibly). Simply trade accordingly - a break up (approx. $36.5k with daily close)) then extremely conservative long targets of $40k & $42k before strong retrace. A break down (approx. $34.7k with a daily close) will quite conservatively see a push to $31.3k and then almost inevitably to $30k where there will likely be a strong bounce/bull trap. There is a possible 3rd scenario that we have seen in previous corrections followed by breakdowns in these consolidation triangles which dumps hard then start a consistent rise to ATH's.
by Kryptochristian
2
BTC: ANOTHER RETRACE COMING? (BEARISH IDEAS)While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k. The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery. On chain analysis shows that as of a few days ago, long term hodlers have been accumulating, but whales were still selling. Consistent sell orders have driven the price steadily downwards towards more attractive entry points as they try to get as many retail traders to capitulate as possible. Perhaps the decrease in volume on this recent rally suggests that the whales are giving retail a hit of hopium before they crush our dreams of a swift recovery & takeoff to 70k & beyond. This is speculation, but it would not surprise me if BTC dumps promptly after breaking 40k and a bunch of buyers fomo in. I'm not going to try to call the bottom. Short term, Obviously 35k and 30k are in the cards. Below that, look to 27k. Perhaps the most bullish outcome would be for BTC to simply range between 30k & 40k for a month, which would make for a great alt season in June! To be honest, I wouldn't mind another BTC retrace so I can scale back into BTC and ETH at better prices. Right now I'm ~60% in Tether & focusing on short term scalp trades until the bulls show up for real. happy trades, CD
Short
by cryptodonovan
1
BTC/USDT Possible Long Trade Idea+Analysis SMC Hey folks, Bitcoin price entered an institutional ranging (consolidation) phase right after the $10k dump. My game-plan is as follows: Assuming the demand area will hold and buyers will get tempted to buy at the demand price, then I expect BTC to reach 57,200 mark and that's where I'm setting my first profit target. If the price manages to break above the 52.2k mark I expect BTC to reach 58,800 mark, and that's where I'm setting my second profit target. Of course, this is all according to my personal analysis and my own beliefs. Don't forget like my idea if you agree with me, and feel free to ask any questions in the comments section. I already have a personal trade open in BTC let's see how it goes. Good Luck, Yours Truly, FXWabz
Long
by FXwabz
🔥When to buy BTC?Support the idea with like! ❤️ #BTC/USD 👋 All greetings friends, I'm back again!) 📌To where will the fall? BTC 🔎Analytics: According to the fibonacci correction, our local support is at the level of $ 52418, players will buy out this level with a high probability, also if the seller manages to push this level, we have a level of $ 50196 at which the main longs of the players will be opened. With a high probability, the price will be reversed in these two places, I do not think that this is the end of the fall.
Long
by MoneyMakerTrade
10
🔥What to expect from BTC?Support the idea with like!❤️ #BTC/USD 👋 Hello everyone! 📌What to expect from BTC? 🔹Analysis: Bitcoin has formed a downward channel, I expect a decline to the 37,000-40,000$ zone to gain a position, large buyers will defend this level. A signal for growth will be the breakout of the upper channel line (counter-trend), the second is the formation of a double bottom. I do not give exact points for entry-exit. Resistance lines - possible sell / correction, you can fix part of the position. All targets are shown on the graph. This is just my opinion, it may not coincide with yours.
by MoneyMakerTrade
27
BTCUSD-The bear dump ends! Time to climb up to $36k ☼ Hello traders! Bitcoin recently had a dump. But well, that dump is no more! I will explain why with technical analysis. Don't forget to like this post, and follow for more! Here are my evaluations: 1. Strong 30k support halts bearish dump The 30k support is a remarkable one because it halted 3 sudden pullbacks, and it is also a psychological number. This one halted our recent dump. Definitely bullish. 2. High red volume bar indicates the end of the dump When I mean by a red bar, the volume is in remarkably high values. If we can notice, a red bar signals that there may be a change in direction. The red bars are highlighted in yellow highlight. We just had a red bar, indicating the end in the pullback, and a bullish reversal. 3. 14-Period RSI divergence with price Divergence in the RSI gives us a warning that the pullback isn't going to continue further. BTCUSD is very likely to have a bullish run. 4. after a pullback, the price always retraces to the orange trendline in the chart If we can observe, after the pullbacks, the price always had a run to the orange trendline. This is very bullish, as we may expect 35-37k being the price within the next 5 days. 5. A pullback lasts only up to 2 days 2 days only. Then number 4 above plays out. These are very bullish signals we should take into account. They determine the course of bitcoin. Bitcoin may reach 36k until another dump. Note that when price hits the orange trendline, we get an orange/yellow bar. Thanks for reading! ♠Do not forget to like and subscribe to my TradingView Account!♠ Cheers! P.S. The colored bars are from the Volume Heatmap indicator, from xdecow. Thank you for making this wonderful indicator.
BITSTAMP:BTCUSD
by Trader_ph
5
No room for error.10 trading positions: Profit-18380p. Loss-0pHello dear friends. Please read this post to the very end. First: I would like to congratulate again those who follow my open trading recommendations. We have a good profit again (1950 pips/$ in our wallet). This is not a drawn screenshot, this is not a closed channel where they take money for pseudo - positions. There is open trading here, and you can see for yourself, my every analysis of the situation, every trading plan, and almost every trading idea. I also recommend that everyone who follows my trading ideas - read not only my idea, but also watch the comments - because, after publishing a trading idea here, on trading views - you cannot - neither edit, delete, nor write an addition. That's why I like this platform, on which other "traders" want to make money on you, they will not posting any such position. Because trading is not a spontaneous position, but only with confirmation, analysis, and description. But today something happened that I did not expect. A past trading idea by platform error was posted today. - and I immediately described the commentary that she is not active, and that we have shorts open. (Read the comment under the last long position) As I wrote, in your previous trading ideas - everything works out as needed. I have nothing to add now, just write - maybe I'm wrong - but the price will be pulled to the level of 32000. Because it is at this level that 100% of margin trading on CME is. By the way, the margin price movement = 2880 points, it has decreased, which means that there will be an impulsive price decline. And in my opinion it will be down. up to such marks as 32000-31000-30000-29000. Let's take a look. (Level - 34700-35500 - (magnet level) zone of resistance, support. I think that before continuing to fall, the price will return to these values, and this zone will be tested.
Short
by UnknownUnicorn13204076
5
BTCUSD Price Fractals| Dynamic S/R| Weekly S/R| Declining VolumeEvening Traders, Today’s analysis – BTCUSD- trading above key dynamic support where an impulse is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.382 Fibonacci Confluence) - Weekly S/R Resistance - Declining Volume BTCUSD’s immediate price action is impulsive, sitting above a key technical trade location in confluence with the.382 Fibonacci and Local S/R. The weekly S/R is immediate objective, exceeding this level will be bullish, increasing the probability of testing highs. Volume is currently declining, an influx is highly probable when testing key trade locations. Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
BYBIT:BTCUSD.PLong
by AzizKhanZamani
4