Bitcoin Weekly Analysis 📊 BTCUSDT (BITCOIN )
💹 Time Frame: Weekly
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#BTC on Weekly chart, hovering over the weekly support area around $40,600 and $36,000. Price just playing off the zones which are made on LTF. We can continue to see the moves unless fundamentals are not cleared. You can lower the risk in the trade until that. Weekly needs breaks and close above $52,000 but on daily, price need only $46,000 to turn the market bullish. Use proper stops in trades as the market may become Volatilein the coming days.
AmirHossein
📅 02.19.2022
⚠️ (DYOR)
Btcshorts
is it possible bitcoin 29k again ?is it possible bitcoin 29k again ?
we can see the head and shoulder pattern still following the market
we can a see retest from 33k to neckline resistance rejection as per the pattern btc can still move to 29k 40k support is important if break the the support we can see btc upto 29k
BTC Update 13I beleive today's green candle is a dead cat bounce amd expect the market to correct lower in the near term which is healthy. The Trend is quite exhausted and the Money flow above avarage moving down. Futher evidence on chain suggest that money is flowing into BTC from other coins. There is more evidence that suggest that moneyflow into is less likely to sell the move up and probably preparing to buy any dip that might present itself.
The 100 DMA has crossed below the 200 DMA which is bearish. The RSI ET ALL on top shows indecision.
BTC Full update We do not fall in love with any type of asset. We are here to make money. AND TAKE PROFIT WITH ABSOLUTELY NO EMOTIONS!
10% of the earnings will go to Charity found
Two very very important support don't miss this buying opportunity
Support:
40k: 20% buying
37k
32k
target:
48k
50k
55k
69k
100k
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2 for 2 with bitcoin shorts today! Riding it down caught the wicafter taking partial profits on my 1st BTC short i moves my stop loss into profits which was triggered when it wicked up, which is why its always smart to take profits along the way and move that stop loss into profits to make it "risk free"
After a massive surge up i felt like it wouldnt sustain above the ascending trendline so I jumped in with a larger trade than the previous short. I already closed about 50% of this short @ 37500 letting the rest ride.
Where is BTC going?my dear friends;
I want to talk to you about BTC halving periods,
But first, I must remind you that, as it is known, we have come to the end of a bull market.
Crypto markets dominate the bull market for 1.5 years and the bear market for 2 years.
Considering that this 1.5-year period has expired, considering the previous conditions; When the fib is withdrawn, it is seen that it falls below 0.886.
When we look at the previous formations, the provability of this is presented for your information on the screen.
0.886 level is 15k and below. The 9k region is the previous halving region, so don't expect a drop below this figure.
Since the next halving will be in the first quarter of 2024, 2022 will be the year of sales, and bulls will start to buy from the bottom as of 2023.
You may not agree with me, but I will be happy if you evaluate this in a nice way.
Next wave down for BTCThis shows the energy will likely take us down to test the LOW and I have an alert set at 41990 to letr me know when 42K breaks. I'm looking to close another massive short on BTC and many others when BTC hits 37K. But from there I think we could see wave 4 and 5 trake us down to sub 30K. My extended Target ZONE is 31500-29500. I think we will need to get back to these levels before we can expect any bullish moves from BTC. I still see lots of profit taking. The B wave was nothing more than institutional sellers selling into that pump to 49K and as I said before we will now be stuck under 50K.
Reversal weekend incoming!Good news for all of you crypto heads! The reversal is coming sooner than later. Why? Because we see a massive spike in shorts which means a massive spike in market maker longs (opposite side of the contract), coming from an ALL TIME LOW and hitting the breakout target from the falling channel / wedge. Furthermore, we have US10Y dropping massively along with the DXY, gold isn't doing well either. So there's nowhere to hide for hedge funds / stock traders than staying in their inflation hedge position; which is the S&P500 or the Nasdaq. If that wasn't good news already, the BTC / ETH options have expired resulting in billions of profit for the market maker; for your reminder; my max pain price was 54K and guess where we ended up?
Of course we could have one last wick to the downside with 52,5K and 50K acting as good support. This could be favorable for the very short term to push the bears for more shorts and thus the market maker for more longs. However, I do think the end of the dump is in sight, market is massively oversold and I expect mr. weekend market maker to have some bullish fun this weekend. The weekend market maker is usually cowboy style with big pump and dump behavior, lets go for a pump! I am DCA'ing buys on bullish alts at the moment. Deploying 50-70% of my cahs and leaving some on the side for an extra dump. The market will come back in balance, liken it always does.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Is Bitcoin continuing to fall? BTC I predict that if the price does not stabilize at the current level for tomorrow, we will see the designated areas in order.
And this is not a bad thing, because this market needs this correction to achieve higher goals ($ 100,000)
Bottom line: This reduction is temporary and will last until the end of November
Step right up Bitcoin Bears! Long Term Chart! Pattern?If you are new to charts here's one for you. Just look at this long term chart which provides a better guidance on the long term trend. What's the trend? And with the fundamentals that we can't even chart the money supply world wide, well, we can't measure it by itself but BITI is the closest chart to world money supply and the value of FIAT currencies.. Maybe?
You research for yourselves. Just the charts? NOT a good season to be a Bitcoin Bear. You have been warned. At best, this is a bull relief play but go short the legacy banks and auto makers. All backed by monopoly money. LOL
Another Blackswan event coming?I notice in the weekly RSI it got a repeated pattern, we might have another blackswan even like March 2020 soon, and after the dump have a big push upwards.
So coming few weeks be very important to keep eye on this as I believe we will have few more weeks of bearish action from looking at this.
MAJOR REVERSAL INCOMING Looking at the 3 months chart which should expire by month end. We are seeing BTC heading for a major reversal to bear season which will last for many months (if not a year). We can also see the MACDs are about to have a death (bearish) cross, though it has not happened but it's good to keep our eyes on it.
Personally I don't think this is a good time to start buying the deep until we see a golden cross on the MACD.
Follow me for recommendations that will outperform this bear market.