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BTCEUR

Bitcoin - Deleveraging to accelarate soonOur short-term price target of 37 500 USD was reached just recently. Therefore, we would like to update our thoughts and change our medium-term price target of 35 000 USD to a short-term price target. Subsequently, we would set a new medium-term price target of 32 500 USD. We continue to maintain a bearish stance on the overall cryptocurrency market as we expect deleveraging to continue. Our view is supported by a combination of bearish technical and fundamental factors. We will pay close attention to the FED meeting and the upcoming rate hike during the current week. We expect hiking rates to have a negative impact on the price of Bitcoin. Illustration 1.01 Illustration 1.01 portrays BTCUSD on the daily chart. We expect an eventual breakout below the short-term support. Technical analysis - daily time frame RSI has been choppy lately; due to that, it can be regarded as neutral. MACD remains bearish and Stochastic. DM+ and DM- show bearish conditions in the market. ADX continues to increase, which suggests the bearish trend is gaining momentum. Overall, the daily time frame is bearish. Illustration 1.02 The chart above shows BTCUSD on the weekly graph. It also portrays volume bars at the bottom of the chart. It can be observed that selling pressure has been increasing over the past three weeks. In our opinion, this foreshadows a further move down for Bitcoin. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish; the same applies to DM+ and DM-. ADX contains a relatively low value, which suggests the presence of a neutral trend (of a higher degree). Overall, the weekly time frame is bearish. Illustration 1.03 The picture above shows the monthly chart of BTCUSD. It also shows the big difference in the size of the volume being traded in the past versus currently. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
12
Experts Say Bitcoin Could Hit $100,000 In 2022. Here’s What InveIt’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if. Bitcoin’s price plunged down to $37,000 Thursday after a brief rally the day prior, primarily driven by the Federal Reserve’s announcement that it is raising its benchmark interest rate by half a percentage point. The Fed signaled that it will continue raising rates aggressively in the coming months and begin reducing asset holdings on its $9 trillion balance sheet in June. Investors continue to wrestle with concerns over rising inflation, geopolitical tensions, and the possibility of tighter monetary policy by the U.S. Federal Reserve. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors. With no end in sight, the war, inflation, and shifting monetary policy in the U.S. will likely continue to drive more volatility in the coming weeks and months, experts say. “The overall market has noticed the high correlation to Bitcoin and the general equities markets,” says Armando Aguilar, head of alternative strategies and research for Ledn, a digital asset savings and credit platform. “The S&P 500 and NASDAQ have had the largest correlations to Bitcoin with 0.88% and 0.91%, respectively. A correlation of one means that they move equally one to the other.” Bitcoin has only been above $45,000 for a few short stretches over the past four months, and hasn’t been above $50,000 since Dec. 25, 2021. Still, Bitcoin has stayed above its 6-month low below $34,000 in late January. Amid the ups and downs, Bitcoin’s current price is a long way off from the latest all-time high it hit in November, when it went over $68,000. But even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple years ago. For Bitcoin, these kinds of ups and downs are nothing new. Bitcoin Price Predictions It was easy to predict a $100,000 Bitcoin price late last year, coming off its latest all-time high in November. With Bitcoin’s big fall since then, the prediction game is even trickier. The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but a middle ground might be to say the cryptocurrency can still climb to $100,000 like many experts predicted late last year — just on a slower timeline. “The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner,” Kate Waltman, a New York-based certified public accountant who specializes in crypto, told us back in November 2021. But now, bullish experts are re-evaluating the crypto industry altogether as major corporations like Nike and other big brands are looking at ways to monetize their products in the digital metaverse. The rise of metaverse games, worlds, products, and experiences is increasing the popularity of altcoins, which has changed investors’ sentiments about Bitcoin (known as the original crypto). Many experts are hesitant to predict a number and a date, but rather point to the trend of Bitcoin increasing its value over time. Investors should expect a “pretty sustainable” rise in Bitcoin’s long-term value driven by organic market movement, with the $100,000 threshold in near-sight, predicted Jurrien Timmer, director of global macro at Fidelity Investments, last October. “What I expect from Bitcoin is volatility short-term and growth long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.” Here are some more predictions we found, ranked from low to high over the next year: Ian Balina Point of View: Bitcoin investor and founder of crypto research and media company Token Metrics Prediction: Bitcoin can go to $100,000-$150,000, but the timeline is unclear Why: Bitcoin is in a bearish sentiment cycle, but the total crypto market and other crypto asset classes are not. Bitcoin was the first cryptocurrency, but now others have surpassed it in innovation when it comes to what experts call “Web 3” — aka the new internet built on blockchain. The release of new altcoins and hype about the metaverse will continue to drive the demand for crypto, and Bitcoin will therefore bounce back eventually. Matthew Hyland Point of View: Technical analysis and blockchain data analyst Prediction: Bitcoin can reach $100,000 in 2022 Why: The price of Bitcoin in January 2022 is almost equal to its price in January 2021, but there’s a new demand for altcoins. There’s also an ongoing trend of Bitcoin supply leaving major exchanges (presumably to be stored in offline crypto wallets), Hyland said in a tweet. He also recently tweeted that a dip below $40,000 could lead to “free fall” into a Bitcoin bear market. Robert Breedlove Point of View: Founder and CEO of the digital assets marketing and consulting firm Parallax Digital Prediction: $307,000 by October 2021 (now passed), and $12.5 million by 2031 Why: Inflationary pressures after COVID-19 will drive interest in cryptocurrency, pushing the value of Bitcoin up higher than previous projections estimated, Breedlove said in an interview earlier this year. Known as more of a philosopher type among crypto enthusiasts, Breedlove speaks often about the broader social implications of crypto as a form of more transparent, decentralized currency — but his price predictions haven’t exactly been spot-on. Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 if the currency climbs at rates comparable to the past. *All text credits to Megan DeMatteo
Long
by MiguelFTCurado
4
Is The US Dollar About To CRASH Bitcoin ???? MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. IF USD breaks out of this pattern it can put pressure on Bitcoin. So this is a very important pattern to watch There is a bullish argument to this that I will need to make in another video ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by MartyBoots
4
Bitcoin - BTC's volatility continuesBitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse to the upside. DM+ and DM- are bearish. ADX continues to increase, which signals that the bearish trend is gaining strength. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX contains relatively low value, which suggests the presence of a neutral trend. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
BITCOIN-Hedge Funds Watching This LevelMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. "IF" Bitcoin is bearish beyone the next 6 month candle and wants to actually break down then this is the BIG level to watch . We in CryptoCheck intend to be prepared to catch it ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
COINBASE:BTCUSDLong
by MartyBoots
11
Bitcoin VS Silver Shows BTC Can EXPLODEMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$ DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
COINBASE:BTCUSDLong
by MartyBoots
16
Bitcoin - BTC is setting itself for trading within the rangeRecently, all our price targets for BTCUSD have been reached. Because of that, we decided to update our thoughts on Bitcoin. We continue to maintain the bearish notion on BTCUSD. However, in the very short term, we think it is likely for BTC to stabilize around the current level before continuing lower. We believe the price might be setting itself for a short period of sideways movement between 40 000 USD and 48 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX started to grow again, which suggests the bearish trend has resumed. Overall, the daily time frame is bearish. Illustration 1.01 The picture above shows simple support and resistance levels. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish too. However, ADX contains a relatively low value which indicates that no trend is present. Overall, the weekly time frame is bearish. However, it also indicates that the price is bound to move within range. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
4
Bitcoin Getting Ready To Explode Higher - Leveraged Long Trade MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$ DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
COINBASE:BTCUSDLong
by MartyBoots
33
BTC where do you go⁉️Last trade hit it's target... ...so now you can be wondering where is our mighty Bitcoin headed to? After breaking out of the yellow triangle I think 51.5K is the next destination. The only hurdle is the white downtrendline. Once broken we could see next leg up. Notice how the price is being compressed while approaching apex of white trendlines. Something is cooking...🍲 Looking at the bigger picture... ...the move to 51.5K makes sense to me. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
9
This ALT Can 5x - Do NOT MISS IT MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
RLong
by MartyBoots
19
Bitcoin - The ominous warning sign for BTCUSDTwo days ago, we warned that the rally in Bitcoin might be near its end. We stated that the rally became accompanied by a sharp decrease in volume, which could foreshadow a potential breakdown in price. Meanwhile, Bitcoin fell below the 100-day Simple Moving Average and support area at 45 850 USD. These developments are very bearish for BTCUSD. In addition to that, technical indicators on the daily time frame continue to flash ominous warning signs. Illustration 1.01 The picture above shows BTCUSD in the daily time frame. Yellow arrows indicate the rise in price and the simultaneous decrease in volume. Drop below the 100-day SMA forced us to abandon our previous bullish outlook and abandon the price target of 50 000 USD. However, in the thread from 29th March 2022, we updated our new price target to 45 000 USD. This price target remains valid. Technical analysis - daily time frame RSI failed to penetrate through 70 points and reach the overbought zone. That is particularly troubling as RSI instead reversed and now points to the downside. Meanwhile, Stochastic also switched to the downside. MACD remains in the bullish area, though it started to flatten within the last two trading sessions. DM+ and DM- are bullish, and ADX is highly elevated. The current condition of ADX suggests that the rally is near its peak, or it most likely peaked. Overall, the daily time frame continues to flash ominous warning signs for Bitcoin. Illustration 1.02 The chart above shows the invalidation of the bullish breakout. That adds to the bearish sentiment. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is neutral. DM+ and DM- performed bullish crossover just recently. ADX contains a relatively low value, suggesting that the higher degree trend is neutral. On the weekly time frame, technical indicators signal mixed conditions for BTCUSD with no significant trend. Illustration 1.03 On 29th March 2022, we presented this setup for BTCUSD. Support and resistance Immediate support/resistance sits at 45 850 USD. Support 1 is at 42 591.68 USD, and Support 2 is at 32 950.72 USD. The major support level can be found at 28 600 USD. Resistance 1 sits at 42 098.60 USD, and Resistance 2 lies at 59 250 USD. The major resistance level is 69 000 USD Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
3
Bitcoin - Does drop in volume foreshadow end of the rally?Bitcoin continues to march higher and technical indicators point to the upside. However, there is one ominous warning sign in a market and that is volume. Just within seven days, BTCUSD rose over 16%. At the same time, the volume has decreased. Meanwhile, 50-day SMA and 100-day SMA remain in the bearish constellation. At the moment, 100-day SMA acts as the important support level for BTC. If the price retraces back below it then the rally is likely to halt and the trend to reverse. Therefore, we will pay close attention to the 46 630 USD price level. If this level is broken then it will force us to abandon the price target of 50 000 USD. Indeed, we think such an occurrence could potentially lead to further weakness in the cryptocurrency market and see the price of BTC going much lower. Illustration 1.01 The chart above shows the current setup for a short position on BTCUSD. Technical analysis - daily time frame MACD and Stochastic remain bullish. RSI is bullish but it nears overbought condition. The inability to penetrate through 70 points would be bearish for BTC. DM+ and DM- are bullish. ADX continues to increase which signals that the prevailing trend strengthens. Volume has decreased substantially over the past week while Bitcoin saw a price rise of more than 16%. This is very negative for BTC and it will most likely lead to a liquidity issue. Subsequently, that will result in a trend reversal. Even though the daily time frame is bullish, the volume flashes warning signs. Illustration 1.02 Illustration 1.02 shows BTCUSD on the daily time frame. A decrease in volume can be observed over the past seven days. Technical analysis - weekly time frame RSI is bullish and Stochastic is also bullish. MACD strives to perform a bullish crossover above 0 points. If it manages to do so, then it will be bullish for BTC. However, until then, it remains in bearish territory. DM+ and DM- are bullish but ADX contains a relatively low value. That suggests the trend is neutral. Overall, the weekly time frame is bullish but with the presence of no significant trend. Support and resistance Simple support and resistance levels are derived from peaks and troughs. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
CME:BTC1!
by Tradersweekly
4
Bitcoin - BTCUSD eyes 50 000 USD price targetYesterday, Bitcoin managed to break through resistance at 45 850 USD. By doing so, BTC validated the bullish consensus for itself. Now, we will observe price action very closely and we will watch out for any possible retracement below short-term support. Such retracement would invalidate the bullish breakout. However, until such an occurrence, we are turning bullish on BTCUSD. Our view is supported by a combination of bullish technical and fundamental factors. Therefore, we would like to set a new price target for BTCUSD to 50 000 USD. Illustration 1.01 The chart above shows the bullish breakout above 45 850 USD. This breakout validated the bullish consensus for Bitcoin. Currently, 45 850 USD price level acts as short-term support. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. DM+ and DM- show the presence of the bullish trend. Meanwhile, ADX continues to increase which suggests the bullish trend is gaining strength. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is due to perform a bullish crossover above 0 points, which would improve the picture for BTCUSD even more. DM+ and DM- performed a bullish crossover recently. ADX remains relatively low which suggests that no trend is present. Overall, the weekly time frame is bullish, however, it lacks any significant trend. Support and resistance Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDLong
by Tradersweekly
9
Bitcoin : An Overview for #BTCCurrently, Bitcoin is Approaching the 45k Resistance and it may Retest it for the 5th Time. We got rejected here for 4 Times earlier but this time, There are 2 Charts that additionally Support the bulls. They are A bullish Total market cap chart and a Bearish USDT Dominance chart. Currently, The 45k resistance is strong and we have the resistance coming from the Bull market support Band as well. If the resistance gets clear, The next resistance will be the 50.8k Fibonacci resistance Zone and the 61.3k Reversal triangle Target zone resistance. Lets see what the market gives us and remember this... Never enter a trade without a Confirmation
KRAKEN:BTCUSD
by gautuwuu
3
Revisiting BTCTime to start dusting down our BTC charts... It's been a few since we've looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs. XBTUSD directional bias also has very important characteristics and implications for a retreat in US hegemony with further instability across democracies expected until we (the people) decisively level up our technologies, voting systems etc. Eyeballing momentum for later this year as we advance into this new world via CBDCs. Grab what you can. Preemptive positioning and loading at current levels is the name of the game.
BITMEX:BTCUSD.PLong
by ridethepig
19
Bitcoin - Has fake rally came to an end? Recently we noted that migration of capital out of Russia would benefit cryptocurrencies. We even noted that it was possible for the downtrend in cryptocurrencies to cease and reverse to the upside, especially if the general stock market would stop ongoing selloff. However, so far this has not been the case. The general stock market has been volatile and relatively weak. Meanwhile Bitcoin experienced a short lived bounce in price. However, the rally came to a quick halt and BTCUSD fell back to 38 000 USD region. At the moment we are neutral on Bitcoin. We will watch its price action closely in the following days and we will reevaluate our view after the FOMC and its rate decision. Illustration 1.01 Picture above shows the daily chart of BTCUSD. It can be observed that the price action of BTCUSD has been sideways within the last 6 weeks; this is reflected in the low value of ADX. Technical analysis - daily time frame RSI is neutral. Stochastic and MACD are bearish. DM+ and DM- show bearish conditions in the market. ADX contains relatively low value which suggests that no trend is present. Overall, the daily time frame is neutral. Technical analysis - weekly time frame RSI started to flatten which signals neutrality; however, its medium-term bearish structure remains intact. Stochastic and MACD are neutral. DM+ and DM- show a bearish trend; meanwhile ADX signals presence of no significant trend. Overall, the weekly time frame is neutral. Though, 20-week SMA and 50-week SMA are due to generate crossover which would bolster bearish case for BTCUSD. Support and resistance Short-term support lies at 32 950.72 USD and short-term resistance at 45 850 USD. Major support level is at 28 600 USD and major resistance level is at 69 000 USD. Resistance 1 is at 52 098.60 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BITSTAMP:BTCUSD
by Tradersweekly
14