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Btccorrection

BTC/USD - recovery from correctionHello, Traders! The global financial markets have been in correction since 21 February. This is common in any market, including bull markets. Buyers were able to stop the sell-off in the buying liquidity buffer between $44200 and $47200. The initiative has gone back to the buyers. The news environment is also heating up, with reports of large BTC withdrawals from cryptocurrency exchanges constantly being tossed around. At the moment, the price is out of the local trading range of $47200 - $49700. Downside correction targets on Fibonacci levels : $52552 $55110. In case the uptrend continues, we might see a retest of the ATH - $58354 A risk-free entry can be looked for on the upper boundary of the range $47200 - $49700 - the level of $49700 Stop Loss can be placed below the lower boundary of the range - level $47200 Good luck and watch out for the market. This is not a piece of financial advice, but only an educational analysis. Measure your risks before entering any position
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030
2
BTC - 2h. The target of $35,700 is relevant.Yesterday in the BTC market made all cryptocurrency investors nervous. The sellers managed to break the range of $30700-31300 and test the mark of $29150. During this fall, other coins followed bitcoin. However, this fall has shown which coins are really interested in investors and which are willing to keep. For example, AAVE or CRV quickly lost lost price ranges. In our previous BTC idea , we expected a false breakdown the range of $30700-31300: If in the range of $30700-31300 buyers passively bought BTC , then below the range we see increased volumes. This fact shows that buyers have waited for a reasonable price to enter the position for the medium term. Therefore, our target of$35,700 is relevant. Therefore, our $ 35,700 goal remains. The first hurdle that could turn the price of BTC back to $30700-31300 is the range of $33400-34000. When the price reaches this range, we will release a new idea to choose a more realistic scenario. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
BITSTAMP:BTCUSDLong
by P_S_trade
9
BTC - 4h. We expect local growth to $35,700. From January 22, the price on the BTC market is in consolidation. During this time, sellers have shown interest in the range of $33,400-34,000. The first time buyers in increased volumes attacked this range. The second attempt of sellers to break the range of $33400-34000 occurs at low volumes. For now , the attempt to raise the price of BTC looks like a corrective movement and the continuation of falling prices to $26,200 remains our main scenario. However, sellers do not yet have the strength to pass the range of $ 30700-31300 . This fact gives buyers a chance to continue to grow to the top trend line with a t arget of $35,700. The main signal for such a scenario will be to hold the $30700-31300 range for the next two hours and close the 12-hour candle above this range. It is possible that sellers will try to break through this range. A similar situation was on January 22. It was the failed low of the 30700-31300 range that encouraged buyers to counterattack. Therefore, we expect the last blow of sellers before the local rise in the price of BTC. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
23
BTC - 6h. Bticoin correction is not over yet. $26200The week of trading on the BTC market did not end with a confident victory for buyers. The price of BTC updated the local low of the previous weekly candle. Trading volumes during the sellers' attacks were quite high and it is safe to say that the correction of the BTC price ended in our opinion early. Yes, sellers failed to break through the $30700-31300 range. The re-attack of this range took place already at reduced volumes. However, it is difficult for buyers to regain control of the range of $33,400-34,000. In the previous idea , we based our analysis around these liquid areas: If buyers are unable to take control of the $33,400-34,000 within a few days , the continuation of the correction in the BTC market will look like a strong downward impulse. After breaking the $33,400-34,000 range, buyers will secure a growth prospect of up to $35,500. In this case, the correction of the BTC price will be quite smooth and will give a chance to other coins to continue to shoot up, as is the case with UNI . Our main target, which we wrote about in our global idea remains at $26200 Let's see if it will be enough for buyers to consolidate above $33400-34000 at least for a while. An alternative scenario - the continuation of growth and renewal of the historical maximum is considered only after fixing the price above $35,500 _______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
BITSTAMP:BTCUSD
by P_S_trade
18
BTC/USD - so, is the correction over? Current formationHello, Traders! After the pressure from the Sellers, BTC went under the uptrend and tested the lower boundary of Buyers' liquidity buffer - the level of 30820$. At the moment the buyers are stopping the sales in the range of $30820-33600. We can consider entering the position and purchase BTC in the range between $32000-32500 It is reasonable to place SL near the level of $31000 After the price exceeds the level of 33600$, the retest of the uptrend is expected. Therefore, the buyers' targets will be the Fibo levels: $33842 $35400 $36957 Good luck and watch out for the market! P.S. This is not a piece of financial advice but only trade I would consider myself
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030
2
BTC-4h. Everything will be solved in the range of $39000-40000.The local wave of fall in the BTC market , which began on January 14, is coming to an end. For the third time, sellers are trying to push the price at least to the liquid range of $32000-33000 , but to no avail. If the beginning of the fall in the price of BTC looked quite active (from 15 to 17 January), the new attempt of sellers from 19 January shows the total weakness of this attack. Trading volumes during the fall in prices are low , which confirms the continuation of consolidation in the BTC market. If the market situation remains unchanged, today we will see the beginning of a new wave of growth , which should determine the medium-term movement of the BTC price. Breaking the top line of the triangle will not mean victory for buyers and the continuation of the bul wound. If we look at where exactly the price of BTC slowed down, we will see a strong liquidity range of $39000-40000. Therefore, paying attention to price movements in the range of $33,000-40,000 makes sense for those people who like to trade within the consolidation. And for medium-term traders , you should wait for the test in the range of $39000-40000. It is during the attack of this range that it will become clear whether the balance of power in the BTC market has changed. Weak dynamics of price growth and low volumes during the $39000-40000 test will be a signal that the correction in the BTC market is just beginning. In this case, our target of $26,200 will work. In the previous idea , we demonstrated that the trend line of buyers is broken . However, breaking the $39,000-40,000 range, the BTC price will start moving in the new channel and no longer aggressively update historical highs. In this case, the next target of buyers will be $50,000. It remains to wait for a critical point. As soon as buyers reach this range, we will release a new idea. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
10
BTC-12h. Sellers are preparing for the breakdown of 32000-33000.The weekly candle in the $BTC market closed at $35828, forming the "hanging man" pattern, or the Hang Man, which we wrote about in our Bitcoin weekend digest . Sellers managed to keep the key level of $39,000 and the local level of $36,500. Trading volumes were the highest during the entire growth wave since September 2020. The appearance of a weekly candle, and even with such volumes, makes it clear to us that the balance of power is changing in the market. Sellers have found a support from which they can begin correction. If we look at the 12 hour timeframe , we see that buyers have not managed to get the white trend line back under their control. Buyers are trying to buy up the sellers' offer and this is noticeable by the pins on the candles, starting from 15 January. However, today an attempt to start a new growth wave is failing due to low volumes . This fact can only mean that in order to continue to grow, buyers need a more interesting price for BTC. Therefore, the probability of the continuation of the fall with the target of $32,000-33000 is very high. The 4 hour timeframe shows that there is another local trend line that forms a triangle. By keeping it, buyers will be able to count on a new attempt to break through $39,000. We will be closely monitoring the volumes at the mark of $32,000. The BTC dominance declined and we all felt it as we saw the coins start shooting. But a decrease in BTC dominance below 65% will entail its sale. Therefore, this week has a good chance of continuation of the correction in the BTC market . Let's see if sellers are ready)
BITSTAMP:BTCUSD
by P_S_trade
46
BTC 4h 1D 1N Weekly section: Bitcoin Weekend № 6.Time flies by at the speed of light... You understand that another week has passed when a reminder comes that it's time to write a weekly digest: Bitcoin Weekend №6. For us personally, the current week has turned out to be good, as forecasts and, accordingly, trades have been successfully worked out. The end of last week and the beginning of the current one took place under the banner of a solid fall. With our predicted fall to the range of $32,500-33,000, the bottom point of the fall was $30,420. Further, the BTCUSDT price movement bounced sharply from the lower and upper levels, forming a triangle-like consolidation. The decisive level in the consolidation for the next few days will be $39,350. Breaking and fixing above would open the way to $50,000 next week. If sellers show their strength and do not let the price move above $39,350, then we can expect a strong fall. During the BTCUSD consolidation, some altcoins received a portion of fresh oxygen and were able to organize pretty good shots upwards. If you are interested, then look at the ideas that we published over the past week; we managed to predict some trades of altcoins on time and accurately. The altcoins fired against the background of the fact that the BTC dominance decreased to 68%, but for the global altseason this is not enough, at least 50% is needed. The approximate possible future Bitcoin dominance movement was drawn on the chart: upward dominance - BTC price up, and alts down, dominance down - Bitcoin down, some altcoins shoot up. If nothing special is visible on the daily chart , a banal consolidation ahead of a future strong impulse. Then on the weekly timeframe , there is a high probability that the week will be closed with the "hanging man" or Hang man Japanese candlestick, which can be regarded as the first bearish signal. According to candlestick analysis, if the next candlestick behind the Hanging Man opens lower, then many traders may want to consider selling. On the fundamental news front, we have not come across any shocking articles, tweets, or news items that could affect the future movement. Usually, such things start to be published at the end of the consolidation in order to push the price movement in the right direction. If we missed important news, please write about it in the comments. In summary: the consolidation is reaching its logical conclusion and next week promises to be hot. Of course, the chances of an impulse in each of the sides are 50/50, but we need to look at the picture wider and take into account all the signals that the market gives and immediately react to them. Subscribe to us, like and write a comment with your thoughts, and we, in turn, will promptly share our thoughts on the possible future price movement.
by P_S_trade
15
BTC-4h. 38645 can be a big problem for buyers.Buyers in the BTC market received a rather strong blow . Unsuccessful weekend trading and the uncertain closing of last week's candle provoked a 20% drop in the price of BTC. Given that the decline was in increased volumes - the probability that the BTC market began to correct the frantic growth trend is high. However, the local wave of growth that began on December 11 has not been broken. Buyers kept the white trend line and the range of $33,500-34400 . If the next 12 hour candle closes above this range - buyers will launch a counterattack. The rise in the price of BTC at reduced volumes and the test mark of $38,640 will be good signals for the continuation of the correction of BTC with a target of $26,200. P.S. if the global correction of the growth wave has started now, the market will cool down for a long time after such a rally. If you are interested in a deeper idea about BTC - read our global BTC idea:
by P_S_trade
3
BTC observation - All the Good Dips are at NightAll the good buyable dips tend to happen at night, or early morning. Not sure why, could be something to do with Shorting bitcoin tends (not always) work best at night (Eastern Standard Time - if you don't live in this time zone, well, adjust). The issue with this, if you are trying to add btc via GBTC or something similar, you have to wait until 9:30 am normally to buy. Often, by then, the dip is done, bought and forgotten. Just an observation, and it tends to work in bull markets. If we get a serious and prolonged down-trend, this would of course not be in effect.
BITSTAMP:BTCUSD
by JJMa
2
BTC/USD - Correction or not?Hello there, We have the big fat BTC here which grew a lot in the last weeks. Some of us expect correction but.. when it would be? and how much? I make my bet saying that the Fib last resitance it could bring it but not without a short squeeze. Considering that the investors in leveraged market use a 10% of portofolio that mean BTC would kill some of them by passing $22000, so that such a good price for a correction. And the graphs shows that it s still possible one last push for such an amount. In the next idea I will publish the best buying support for such a move. Hope you good luck and see you on the moon next year. This is not a trading advice. St.Gex
BITSTAMP:BTCUSD
by StGex
Bitcoin - entered an extremely dangerous zone!Hello, Traders! After long attempts to pass the resistance level of 18800 $ Bitcoin went into a correction to the support levels. As we can see, the trend's acceleration ceased as a result of breaking the trendline growth from 15800 $, the price fell under the MA100 by 1-hour timeframe and formed a downward trend on the indicator RSI. Now we can distinguish several zones of buyer's interest, each of which corresponds to the correctional Fibonacci levels : 17930 - 18245 $ (0,236) 17365 - 17600 $ (0,382) 16200 - 16475 $ (0,618) 15560 - 15800 $ (0,786) We can observe the traded zone in the area between $17600-16475, consequently, if the next buy liquidity buffer between $177365-17600 does not stop the sellers then Bitcoin may be in a dangerous situation and will continue correction to $16475. Trade with extreme caution and don't forget the risk-management! Please leave your feedback on my setup in the comments below
Short
by UnknownUnicorn10064030
3
BTC 4h The last meters to the finish line of insane growth.Steadily and confidently buyers broke the range $15,700-15,800 and continued the movement of the BTC price to $16,480. Even with increased volumes, sellers cannot change the current situation. The price rises in an unusual manner (impulse, consolidation - impulse). The critical point of the growth trend has moved from $15,400 to $15,960. Given the slow price growth with local rollbacks, sellers may test this mark. And at this mark the future trend will be solved: Will there be buyers recharging and whether they will test for strength the level $16,775. Or they will break down on larger volumes, than with high probability, will begin the trend change. This weekend is a chance for sellers to seize the initiative. And most likely sellers will try. It is evidenced by the uncertain exit of the price from the 4-day consolidation below $15,800. On the dominance chart, the figure reached 65.99%. But yesterday's daily candle closed at 65.23%, which began to hint that interest in BTC may sharply fall from next week. For altcoins , it is important that possible BTC correction occurs without sudden movements. In this case, there will be a possibility of continued growth. Otherwise, we doubt that frightened BTC investors, in a panic, will start buying other coins instead of sitting out in fiat. And how do you see the current situation? Is it time for BTC to take a break from such a growth marathon? Write your opinion in the comments and leave your charts! ___________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
2