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Bitcoin a short term review We have strong key support at mother of all moving averages ( calculated average of multiple emas) and closer to Mid range as mapped on chart its near 28300 and minor support at 29k area on the LTF . however the htf as 2d, 3d chart is still not showing any bearish confirmation but early signals of exhaustion.. in case of breakout to either direction we might see a huge move its going to be volatile one this time.. we have inefficiency on the both sides with thing profile. inefficiencies on either direction usually gets filled very fast since there are less sitting orders at those levels.. in case of swing trading i wont take any shorts as we long BINANCE:BTCUSD holds 24800- 25,000 HL area. However for now I am looking to scale into shorts for day trading perspective after deviation and rejection from the mid zone of current range 29300-31xxx area or from range highs , for clear view of our short term range plays for intra day trading, here's how it looks like . 4h looking at h4 i wont be surprised if we see a big wick upsides or a small weekend or monday pump. right now sitting aside and waiting for the entry.. i hope you enjoyed it.. happy trading. NFA, DYOR and good luck with your trades ...
COINBASE:BTCUSDShort
by CognitoBTC
BTCUSD Weekly Timeframe Important Price Action Levels&AnalysisHello, The Bitcoin price chart shows the past and future support and resistance levels that can affect the market sentiment and the price movement. Support levels are areas where the price tends to bounce back from a downward trend, while resistance levels are areas where the price tends to reverse from an upward trend. The chart also shows the supply and demand zones, which are ranges where the buyers and sellers are more active and can cause significant price fluctuations. Currently, the Bitcoin price has managed to break above the resistance level of 26309. This is a bullish sign that indicates an increase in buying pressure and a possible continuation of the uptrend. However, for this breakout to be confirmed, the price has to close above this level on a daily-weekly basis. Otherwise, it could be a false breakout that could lead to a reversal or a consolidation. The next major supply zone is marked by a box on the chart, which indicates a range between 29451 and 32k levels. This zone was previously a demand zone in June-July 2021, where the price bounced back from a sharp drop after accumulation. However, after breaking below this zone in June 2022 , it became a supply zone(base) where the buyers are likely to take profit or enter short positions. Therefore, those who have long positions should consider taking profit here or should move up their stop-loss levels to a decent area in case of protecting some of their profits. Alternatively, they could wait for a clear break above this zone before adding more long positions. Beyond 32k level, another important supply zone is between 37712 and 41266 levels. This zone was previously a strong support level between in August 2021, then in Jan 2022 the same level worked as a support level again but this time it was weaker than before. And between April-May 2022 this level turned into supply base and caused a massive drop(Luna), where the price failed to break above several times before plunging down. The price has not tested this zone since then, so it could act as another obstacle for the bulls if they manage to reach it. Above this zone, there are several resistance zones marked on the chart until the all-time high (ATH) of 68997-69k levels (depending on the exchange). However, there are some experimental resistance levels on the chart as you can see. These levels have not been tested yet by the market, so they should be treated with caution and observed carefully. Thick lines on the chart indicate strong resistance levels that have not been tested by the market and might be difficult to overcome. Thin lines indicate intermediate levels and they are less significant than thick lines. These lines can act as potential targets or entry points for traders depending on their strategies and risk appetite. This analysis is for educational and entertainment purposes only and not an investment advice. Trading cryptocurrencies involves high risk and volatility and may result in substantial losses or gains depending on various factors such as market conditions, news events, technical indicators etc.. Always do your own research before making any trading decisions and never invest more than you can afford to lose. You can also check other analyses I've published earlier from my profile. Have a nice day!
INDEX:BTCUSD
by Stravios
TERRA Luna PUMP? BTC Longs Dump?I have inverted the TERRA LUNA chart and comparing it to the BTC LONGS on Bitfinex This is interesting. The longs are still underwater from the 39k-24k mark. With all the price action the BTCLONGS has not even budged. Luna drop, massive longs taken. Price drops to the 2x liquidation level (20k) All the sudden MORE LONGS were taken when CELCIUS had to halt transactions on their coins... "Published June 13, 2022" "The crypto-lending firm Celsius Network halted withdrawals and transfers, amid an apparent liquidity crisis, as the price of Bitcoin plunged to pre-pandemic levels." was this "someone" adding margin to those longs to prevent liquidation? Say what you will about Terra Luna but I really think there is something unexpected about to happen... just a TA hunch That is a MASSIVE amount of borrowed money being held at the same time Terra Luna fell... no movement on FTX. Maybe a transfer of wealth happening behind the scenes. I dunno BTC headed into the "bull trap" zone imo
Long
by krjcrypto
BTC Super Guppy's super prediction)) 24-25K then 28-30K or 19KDear community and my lovely followers, this analysis covers my previous one analysis about Gaussian channel and 1-7 step price action in 2015 and 2021-2022 bear markets. So if you read this one, don't miss the previous one as well. They are highly correlated. Pay attention that the same 1-7 price action movement happened bellow weekly super Guppy indicator. In 2015 when Price reached to upper red channel of Supper Guppy(#6) it dumped making double bottom(#7), now Price is approaching to the same red upper band of Supper Guppy which is about 24.5-25K(#6), which is also mid point of 5D gaussian channel(#6) + monthly diagonal resistance, range high+ 200 & 50 weekly EMA. A lot of confluences at the mentioned point . So it is less likely price will break the mentioned level at first attempt, So I expect 2015 scenario to be repeated and dumping to 18.5-19K making #7 movement and Higher Low. If you like my analyses, don't forget to like, share, comment and follow please. I need your support. I appreciate any single follow.
BITSTAMP:BTCUSD
by ergal91
2
BITCOIN | Short Term Trading Scenario - Price Is Still BullishBITCOIN | Short Term Trading Scenario - Price Is Still Bullish After the yesterday's sell-off on the market, we saw the same movement also on the crypto market. So as long as it is nothing strange with Cryptos all is fine for us. BTC looks very strong again and it should rise from the strong support area near 18K. The price reaction it is still very good. Targets: 🎯 20105 🎯 20900 🎯 22500 Thank you and Good Luck!
Long
by KlejdiCuni
15
BTC! 2 more highly probable scenarios I'm watching at the momentI'm looking at daily timeframe. Although BTC and stock market weekly closed bullish, but BTC was rejected at 24.24.5K very strong and Stock market both S&P and NZD were closed at resistance levels. At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K. But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
TVC:SPX
by ergal91
1
BTC ! Am I right about BTC bottomI'm looking at monthly timeframe. As I told you earlier BTC has already bottomed based on history data. I'm very confident about it and this analysis proves my previous posts which shows BTC bottomed at 17.5K on 18.06.2022. You can find my other analyses about BTC bottom bellow this one. So in every bear market bottom these 3 things happens simultaneously, only 3 times in the whole history)) If you like my analyses don't forget to like a follow.
BITSTAMP:BTCUSDLong
by ergal91
7
BTC highly probable scenarios.I'm looking at daily timeframe, BTC has broken daily 34 EMA, and now it is fighting against horizontal resistance at 22.3-22.6K. if BTC succeeds to break it then pink and green scenarios will play out. More likely they will. Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal rectangle and triple top target/ we'll see retest of the daily trendline and horizontal support at 21-22K with long liquidations, then bounce and retest 28K the most important resistance. As I posted in my previous analysis 28K horizontal resistance and trendline retest is inevitable. For more details check the bellow analysis I attached the link. Don't forget to check my analyses that proves BTC bottomed at 17.5K on 18.06.2022. Like and follow please if you like my ideas.
Long
by ergal91
BTC ! The most important channel in BTC history. I'm looking at monthly timeframe. Every time when BTC touched the upper band of the channel it toped and every time when it touched the lower band of the channel it bottomed or pumped very hard. Pay attention every time when BTC topped or touched the upper band of the channel RSI> 90 and every time when BTC touched the lower band of the channel or bottomed RSI<50. BTC touched the lower band of the channel on 18.06.2022 and at the same time RSI bellow 50. This is another prove that BTC has already bottomed as I mentioned in my previous analyses. Check all my previous analyses attached the bellow that proves BTC has already bottomed.
BITSTAMP:BTCUSDLong
by ergal91
14
BTC bottom based on halving and RSII'm looking history data and noticed that from 1st halving to the first bear market bottom lasted 777 days with RSI bellow 30 and from second halving to the second bear market bottom 889 days + RSI bellow 30. If we count from 3rd halving to 18.06.22 the bottom day as I told you in my previous analysis/check bellow links to understand why I think it was the bottom/ it is about 763 days with RSI bellow 30. This is another prove that BTC has bottomed. This happened 3 times in whole BTC history.
BITSTAMP:BTCUSDLong
by ergal91
1
BTC triple bottom and descending broadening wedge breakout? I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up. I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart. then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
Long
by ergal91
BTC has already bottomed at 17.5K on 18.06.2022I'm looking at 2w timeframe and comparing all bear markets with each other. History data shows in every bear market this 3 things happen at the same time. 1. BTC bottoms at 0.38 fib level/from bottom to the top/ length of bear market 400-450 days from top to bottom/ 2. These magic moving averages/ in pink circle/ crosses on the exact day/ 3 times in history. 3. The bellow indicator has 0 value the day when above 2 things happen. Check my another Analysis I made on 18.06.2022 which proves that BTC has bottomed. I attached the link bellow.
BITSTAMP:BTCUSDLong
by ergal91
3