Get started

Btcbuy

Weekly bitcoin analysis. When to expect meaningful price moves!Chart Overview This is a weekly chart (BTCUSDT) on BINANCE. I've set up Gann price/time lines which represent potential resistance and/or support points. The Blue lines are 4 Gann boxes (with the 1x1 price/time equation) attached together to create a giant Gann Box. The yellow lines represent potential pivotal points which follow the 50% or 0.5 price/time points. I created a massive Gann box aligned with the assumption the price we will make an ATH (at least before the 12th of June 2013) and that we are not heading down into a long endless bear market. The box begins on the 12th of April and ends on the 12th of June 2023. The boxes are created from squaring the chart from the extreme low to the extreme high, the process can be a little tricky but once down can provide a very helpful framework to evaluate price which i'll get to in detail. I've also set retracement points nd extension points. We can see 4 potential pivotal points the 0.5 retracement point ($34318.07) The current ATH ($64854) the 0.5 extension ($95389.94) and a 1.0 extension ($125925.87). Analysis The price is caught between three strong pivotal points right now: a) The 0.5 retracement b) The top Gann line (extending from the ATL) c) The bottom Gann line (extending from the ATL) The 0.5 retracement has proved to be very strong support, since the initial crash in may, we have closed above this point every week, this week would be the 8th if the price makes it. We can see the top Gann line is showing strong resistance we've closed below this point every week except once on the 7th of june but it was only a brief close and most of the price action was below this line. We can see the bottom line has yet to be touched, the longer we move sideways the more shallow the drop will be. As we continue to travel in this range, the price begins to converge to the 0.5 time point which is the halfway point of the first box (comprising the combined four boxes). At this point would be around the 25th of October. The price will likely make a meaningful move before this point but this would mark a potential new phase of price action. The blue boxes mark strong pivotal points in price in which breakouts either up or down can occur. Conclusion The price is locked in this range for now until the end of October at the very most. Before this point keeping an eye on these three points (a,b and c) will assess where the price is going, if we stay above the (c) line we can expect price to gradually creep up until the end of October, at this point we would have established a very solid support zone and most likely will be heading up. We've dropped from the (b) line but if we start retesting this in the next week or two we could see a much sooner breakout reaching the current ATH much fairly quickly. Once we break the ATH the next major resistance point would be $95389 and then $125925. Let me know what you guys think, is this the time for patience and long-term thinking or jump ship and hope the price drops to buy back cheaper. IMO we're in for more sideways movement and it could be very risky to sell and reenter at a lower price. What do you guys think would love to hear your comments? *Disclaimer: Not professional advice, just opinion, please do your own research before investing any of your money.
Long
by cmpkpersonal
BTCUSD 1H Long/BullishBTCUSD 1H Long/Bullish We recently started seeing nice movements to the upside, we took our profits at the top resistance area since we had confluence from a Fibonacci Retracement, POC, and Range Mid. We took a short position at the resistance and went straight down to our first strong support area at the 0.382/0.618 of a Fibonacci Retracement (also haves a Fibonacci Extension 0.618 that I didn't mark on the chart). Now we just saw a Retracement that ended PERCENTLY at our 0.328/0.618 Fibonacci Retracement Confluence so we closed our short and entered a long, I don't know for sure if we will have resistance again at the Top Resistance Area (With the Fib, POC and Mid Range confluence) or if we will break it so once we reach that level I will be taking some profits and watch the market very carefully! Traders Gain Losers Complain!!!!!
BYBIT:BTCUSD.PLong
by UnknownUnicorn22622902
ETHUSDT and DOGEUSDT Technical Analysis Welcome back Traders, Investors, and Community! Here on ETHUSD the price has broken above the Bearish Trendline and it has got couple of rejection at the Bullish trendline. The first TP for the price would be 2220.0 and the second would be 2458.0 DOGEUSDT had formed a Bullish Flag and it has broken above the Bullish Trendline of the Flag which is a sign of Bullish trend. The first TP would be 0.280 and then we would have 307.0 and 350.0 Traders, please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write it in the comment box. We will be glad for this. We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals
Bitcoin next 54000hiii everyone hope you are all doing good . i am expecting bitcoin to hit 52-54k within next month. if we check on monthly chart we are at 50% fib correction so i am expecting price to close above 50% which is above 34250$ and if it does it is good support to hit back 50k area but incase we closed below 50% we would likely to touch 618% area at 27128$ or go for 786% area which is 17k as stop loss hunting before hitting back ATH 100K levels that is according to monthly chart but if we check on 8h we are in bull dominated area and lot of orders are accumulating in these areas even if we check on previous we are at same level so we would see 47500 again before falling and if we manage to break and close above it next zone is 54k .
OANDA:BTCUSDLong
by FxSniper_
3
⚠️ Lets See How BTC Might Move Next ? ⚠️A quick technical analysis on BTC to be able to have an idea how it will move in the coming days/weeks. We provided with all possible scenarios, so have a look at the video to understand more what might occur. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
2
Looking for possible moves in BTCUSDFirst of all : I see 3 cases in BTC : 1)BTC is doing a V correction and is going to the upside and will mark a top in the 72-85k price range and after that a correction of about 40-50% will likely happen based on historical runs of 2013 and 2017 where BTC has crashed at a steep pace after marking its top and retracement back to about 70% or (in fib 70.2) where most alt coins complete their bull runs. Some alts finish along with BTC based on historical data .EG : LTC,DASH,BCH,etc. 2) BTC is doing a ABC correction and will go down as deep as 35k and will see a reversal and will move upward as mentioned in point 1 . 3) BTC has marked it's top and is on a correction and may go as low as 30-35k price range and do a final retracement to about 55-58k price range where reversal will happen .However i find this very unlikely but again it can happen . IF BTC played out like expected then i expect BTC to bottom down between 10 to 14k price range.12k USD price is what I'm seeing as bottom. I stay entact to what I said in previous ideas and the data mentioned here is in reference of those ideas. #These factors rely on BTC topping out during the 70 to 85k price range based on the 2013 bull run. #Consider this invalid if BTC breaks 100k USD #DYOR #This is not investment advise
COINBASE:BTCUSD
by hodlerultrapromax
2
BTCUSD - Pay Attention, Stay Calm, Spend Money !!!Hello everyone, I am trying to give a hand to others that could be stuck in indecision. Consider that anything is possible, check the end of the last 4 months(Options), check the indicators(Divergence), check support zones, check Rising Wedge. Trust True Intuition Take(Do not Pay) Attention to fibb retracements, resistance zones, buying interest, volumes and the last show for this Bull Run, which could be near. Consider it, This is not just a trading advice, St. Gex
BITSTAMP:BTCUSD
by StGex
3
BTC/USDT | Potential Upward Movement 🚀🚀🚀BTC/USDT | Potential Upward Movement 🚀 🔨 Technical Analysis: The bitcoin price is trading inside a bullish ascending channel formation which shows that we are in a clear uptrend. A lower correction might be seen soon to the area of confluence. This zone is made of a daily support and a 61.80% Fibonacci retracement level. After the bounce at this area, we could see the price rallying upward again. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 57764 Take Profit @ 59608 Stop Loss @ 56961 Trade Safely 🙂
Long
by Forex-Robot-Nation
Bitcoin Possible Rallying Scenario 🚀 🚀 🚀A quick analysis on BTC/USDT using the daily and 4 hour time frame. The price managed to break the bullish flag and now is trading near a strong resistance. More about the analysis in the video 🙂 ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
Bitcoin to 70,000 Next!Agree with bitcoin or not I want to state some facts here that are indisputable: 1. Bitcoin can never replace a currency with a central bank as a medium of exchange in our current economic system because it doesn't have an expandable supply. You can look at an increasing money supply in two ways - 1) It devalues savings, creates inflation and everything else we hear about, but 2) The devaluing of savings encourages as much spending as possible and we know from economics that spending must equal income in the economy, so it results in great economic growth. It devalues debt over time, making debt easier to pay in the long run, it creates room in the price for increased employment or investment in capital. Now aside from looking at an expandable money supply in a negative vs positive light, the Federal Reserve's mandate from congress is to ensure price/market stability (not stocks, but all markets such as money markets, job markets, etc...). So over time they've developed tools, most recently the widespread use of the Repo Market/Lender of Last Resort after the 08 GFC. Most of the assets held by firms in 08 were long term debt like mortgages and the problem was that the profit would be realized much later down the line, so when selling these assets, they would sell at a discount, crashing markets. The Federal Reserve now steps in and exchanges these assets for cash to the bank to operate. If the bank's default, the Fed has assets to back the cash. This is what they do permanently through QE, instead of lending, they buy these assets to keep the loanable funds of banks at their target interest rates. This is just an example of how an expandable supply can help the economy in the short run. Back in the 1929 depression, we found it hard to get back to full employment, it was a 10 year depression basically caused by the inability of the government to effect policy that could help the economy move. With bitcoin we would see economic hardship last much longer, not to mention an initial decrease in the standard of living. 2. My next argument for bitcoin is that you have to remember nothing is inherently valuable because something is only worth what the next person is willing to pay for it. If water was scarce it would cost millions for a few bottles, so it all depends on so many factors, least of all intrinsic value. So bitcoin will keep rising as long as people are willing to buy it and why would they continue buying it? Well it can be used reasonably anonymously, low risk of being stolen, quick transfer times, low fees, virtual and more. 3. The last thing that people don't quite get is that any market, stock market, forex market are determined based off supply and demand. With currencies the supply is expanding/contracting regularly, but with bitcoin it's consistently contracting versus the USD it's valued against which is always moving. So eventually bitcoin's supply will be so limited that's it's only going to get more volatile over time because of the low liquidity at each price. It's far easier now for Bitcoin to move from 54k to 100k than it was for BTC to initially move from 3k to 20k. This lasts as long as the USD remains weak overall and people's demand for BTC consistently outweighs the supply...
COINBASE:BTCUSDLong
by UnknownUnicorn15362357