BTC/USDT ANALYSIS 7 June 2022#UPDATED
#BTC/USDT ANALYSIS
$BTC Back to back rejected after hit EMA 200 and DUMP . Yesterday BTC CME make a Gap $26.645 - $29.825 has closed today. But BTC still have nearly GAP at $28.940 - $29.115 And still not closed . potential BTC just retest the trendline and continue down to close the GAP
we've to wait confirmation first to swing or scalp in ALTS
Btcideas
BTC is getting ready for mindblowing rally.If you check my previous BTC ideas, you will see this fractal repeating during this whole bull run a couple of times.
Details are written in the chart.
To sum it up:
- Hidden Bullish Divergence on Monthly and Weekly Timeframes
- Higher low in the making (Stil technically a bull trend)
- They somehow managed to produce massive fear near support levels again
- Channel support
- 88% Fib level retrace
- Same Fractal repeating during this whole bull run
- Daily RSI bearish trenline broken
BTC set UP TIME FRAME 1 MONTHLYThis TF1M look at arrow, key candle at January 2022. if candle close at above 42.629.001$ need candle in Februari break closing 48.000$ after is BTC still not healthy, need confrimation if want brekout, because BTC must closed price above at 52.930$. and continoues bull , if BTC failed close 52.930$. and only Close priceat 50.830$ this is very dangerous . becaus HNS Formation created in TF1M . this very importan, and break down go to 22.000 $ -17.220-16.609 $ , if BTC can created Engulfing in Febuari - March 2022 BTC can MOVE rally to 83.000 -85.000$
BTC approaching bottom soonBTC when divided by M1 (Money stock) we can clearly see the 200WMA acting as major support Dec 2018, Mar 2020, Jul 2021 (except for once when money supply expanded after covid crash) we're currently 15-20% away from forming a bottom. please share your comments and let me know what you think about this
BTC Long Term + Short Term AnalysisLonger-Term (4Hr)
As you can see, from beginning of nov to end of dec, btc was trading in a channel and on the 23rd, it broke out.
A week later, on the 31st, we got a “textbook retest” on the channel and have since barely gotten any upside. Therefore, I propose that this bullish movement is only getting started.
Shorter-Term (1 Hr)
On the shorter time frames I am noticing a few things. For starters, I see there being a diamond forming, with btc in the final 20% of the diamond. Secondly, this may be an inverse head and shoulders with both shoulders being around 46,200 on average, and the head being at 45,500.
One other way of seeing this chart would be that we have experienced a double bottom; the first bottom being the left shoulder, and the second bottom being the head.
In conclusion, btcusd seems bullish on the 1 hr and 4hr time frames.
Thank you.
BTC USDT As long as it doesn't stay below the regression channel, I don't think it's anything to be afraid of. I also have a belief that it will go as up as the flagpole. Transaction volumes do not seem to cause much decline anyway. I don't think there can be a long decline with this volume. There is a accumulation in the 0.618 region. Maybe there could be a retreat here. But I don't expect a drop much lower.
NOTE : This is not investment advice.
BTC - Weekly time (update)As I expected, Bitcoin entered its correction process
At the moment, the weekly time frame has not yet reached the 0.5 Fibonacci zone
If there is no strong support for bitcoin in that area (In my opinion, it is unlikely) , area 0.618 will be tested
The worst case scenario is a drop in prices to $ 37,500
The best return scenario is from $ 41,000
I buy from $ 42,000 down
Also coins like EOS,ETH,TRX,THETA,WIN,BTT,KSM,XRP,BNB I will put it in my watch list for repurchase
BTC retracement is on the cards hi, I shared my thoughts on BTC 2 days ago you can check it is exactly following the same path.
I shared with little accumulation if the current level is broken we will head towards 52 as you can see we are inches close to 52.
if volume stays the same like currently increasing with the continuous pace then we will be able to touch the 53 and then retrace back to towards 48,49 level
If you took trades on my previous ideas then enjoy your profits
Like and comment what you think
btc not able to break this zone Hi, I shared yesterday that btc will not show big movement in the weekend, not enough buyers to push it through 50, not enough sellers
this was expected as we were approaching the weekend
This was also predicted by seeing the response either side of it that why I predicted that
now you can see it is behaving like that, at any moment it can make a move in the next few hours
Please see my previous ideas and prediction and decide for yourself
like and comment
BTC bounce? is it a fake pump or what ?Hi, This is a graph I shared yesterday I highlighted the areas and shared the values from which btc can pump, The area which i circled now highlighted as well it was tested many times but each time btc was unable to close below that. You can check my previous analysis btc bounce levels.
Some of you have heard on social media , on other portals as well this is fake pump this and that it will came back.
I don't agree with that market can be pulled back at any time but you have to capitlize the opportunities, this was the one of them if you focus on that it is fake it will came back it means you have missed one opportunity to book the profits
i also insisted in that analysis you have to buy at every bounce level.
If you are new to my analysis have a look at the previous anaysis how they all goes, their accuracy and decide youself .just give few minutes to check that
Like and comment to motivate me to do more meaningful analysis and what you think about my analysis how they are going and how they are helping you if you are following
If you are one of those that focus on the chart look then you are at the wrong place I focus on the main thing not focus on the beauty of the graph
Thank you
Bitcoin heading for 42K zone. Will we see a breakout ?Finally #bitcoin is back in action. It is constantly moving up at an impressive pace.
Going by the chart, I have marked two zones for BTC. As long as it stays within the Green zone, it will stay bullish. However if it enters the Red zone, then it will turn bearish.
Hopefully today we will get to see where BTC is heading.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Bitcoin might need 2-3 days to show Bullish momentumAs suggested in yesterdays analysis that bitcoin will go down to Blue zone, where it will find support. If you havent read it I will attach the link below under related ideas.
So far Bitcoin is still under Bearish pressure and might take couple of days more to show Bullish momentum.
It has already touched point C on our chart and next move would be for it to touch point D.
Once it reached Point D there will be a short term dip to Point E and this is where Bitcoin will fuel up for Bullish move.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Bitcoin getting ready for another Bearish roundJust when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet.
Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle .
It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold that area.
At an indicator level, Stoch RSI and MACD has are showing Bearish sign and current price have moved below all EMA's.
Ideally, Bitcoin should bounce off the blue zone on the chart, and then break upper part of the triangle.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
#BTC #H4 Chart # Important pointAs we can see the BTC H4 Chart is testing very important point at Fibonacci retracement 61.8% at 58.000, also tesing the down trendline from highest at 65.000 to lowest at 47.000, It a very important how the price action here may define the way BTC go south or north.
Trading plan 1: BTC break out 58.000 and restest then we can long at 58.000 Target ALL TIME High at 65.000
Trading plan 2: BTC fail to break out 58.000 , go south and from shoulder head shouler . then it confirm a Short to 47.000 and further
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
BTC to $50K by late Fri, Wed morning latest.Upward channel, with MACD and RSI showing bullish trend. Predicting that price stays within top half of channel, until price reaches 1.6 Fibonacci level, intersecting upper channel support line - late Friday. This will be just over $50K.
Price will then bounce off upper channel support, and go mostly horizontal, or slight, dip until mid-channel is reached (red circle), on Wednesday (again at $50K). Price will likely continue bullish trend and push upwards towards upper channel support again, and new highs.
Another possibility is that it gradually follows the mid-channel support until $50K is hit on early Wednesday. At that point, we hopefully break through $50K and climb to new highs, but a possible retracement towards lower channel line.
Fib and support indicates a lower support of $43800. Fib is ignoring the Elon/Tesla pump - that doesn't count :).
(sorry, this is similar to my previous idea, but I ran out of time to edit it).
BTC just keeps goingYes guys BTC and the whole crypto market is moving upwards smoothly right now
Lots of coins closed above key levels on the daily, XLM, Link, Eth and BTC for example causing buyers to enter
BTC has hit the 3.618 fib retracement which was summoned from a recent breakout trade. Not much else to use to create levels of SR at these price discovery levels
If BTC can close above that fib level, or psychological 35K level on the daily it will continue to push up!
Lets hope, as the altcoins are going with it surprisingly
Couple trades brewing are REN and NANO
Want to get more VET and AAVE also but they are becoming increasingly overbought so am a little reluctant to get involved, especially as these usually drop when BTC rises!