🅱️ Back to bottom!!It seems to me that Bitcoin wants to retest the bottom of the channel. Although we are in a rising channel and the trend is ascending, I want to take a short position here because the risk-reward is not bad. After that, at 27,000 or slightly higher, if I see confirmation, I will open a long position up to the top of the rising channel.
Btctoday
BTC Daily AnalysisIn daily TimeFrame, we had a falling wedge pattern that reached its target at the blue point as I expected but now what is the next move? I think we have a rising channel here and we are near the bottom of this channel.
we have two scenarios here, the green and the red.
(don't forget this, often time rising channel break from the bottom, and on the contrary falling channel break from the top)
to make the best decision we must go to the lower timeframe 4H and 1H for opening trade positions.
Descending broadening wedge breakoutBTC/USDT (timeframe 4H)
There's a breakout occured from the descending broadening wedge or descending trend line in which it is most likely for bitcoin to move to the upside probably would be expecting this type of.move as drawn in the chart. See for yourself. Failing attempt might cause harsh dump, but recently in our YTB we showed some bullish signs according to onchain data so things are looking good..
BTC-Today by @cryptomatatanBTC-today
Disclaimer: The information provided is based on our experience and the data provided by the coin. You are responsible for your own research and investment.
BTC has followed route A, as we have discussed in previous analyzes (BTC shows recovery with route A). But, we see how the exponential averages continue to fall, that gives more probability that the BTC can reach 52k.
Stay tuned and if you are going to invest, invest in coins with very good technology and usability, in case the BTC goes down, it is not a problem for you.
BTC-Today-Disclaimer: The information provided is based on our experience and the data provided by the coin. You are responsible for your own research and investment.
BTC is still in an uptrend, even so we could have a retracement in the price as we see in the graph, this retracement could be between 52k-58k. The purple line and the green line are two possible behaviors of the BTC.
Analysis played well for Bitcoin! Check what's coming next!So, the decreasing volume in BTC Daily Chart, RSI having bearish divergence played REALLY FAST but we have the major support levels marked.
Here is the detailed analysis of BTC I did on August 21, 2021:
Also in this chart below:
We can see a broadening wedge type of pattern which is neutral pattern but we see where the wedge breaks out. In this case, wedge has broken down and has done a successful retest too. (Look at the main graph for this)
BTC Daily has closed below the 50 Exponential Moving Average in Daily which indicates that it can have some bearish movement or at least some sideways movement below this level.
Levels are marked, targets of the broadening wedge are marked too and I'm observing if BTC can hold the 200EMA level at around 40-41-42k$, if it breaks these levels, 35-38k$ is the next stop.
Muneeb
BTC | Fall or not?👋Hello Traders!
Yesterday (09/07/2021) we had a cryptocurrency stream (ru.tradingview.com), where I analyzed BTC for this trading week. BTC has achieved all of its goals today.
📈BTCUSD passed the level of $50,560 and due to the D1 divergence (09/07/2021) rushed down and reached the two closest levels of $47,500 and $43,500. We expect BTC will continue falling to the $38,500 level.
I recommend selling from the level $46.00, potential profit + 15.00% and SL ~$52,000.
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DISCLAIMER:
This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
BTC down (GAP, new uptrend etc)Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000.
The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel".
This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays.
But it is early for BTC to go higher. If this bottom began the new H4 uptrend line, than it should be retested soon.
We can also see a small GAP at 29650 that can also be closed.
Impulse - correction - impulse is over.
Be careful with your trades, and with your TV rates!
BTC profit channelBTC seems to be quite predictable last weeks.
The reason is H1 channel, that shows us flatting downtrend of BTC.
As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again.
If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort.
If buyers continue to show the interest, there will be a chance to go to 35000 and even higher.
Anyway, 2 major channels H1 and H4 are showing a permanent downtrend.
Be careful and mention it in your trades.
Buying BTC - just another time for a good bounceBTC is still moving in the local flat zone. It couldn't brake through the level of 35000. Too much sellers appear in this zone. Some more FUD from China is also pulling BTC down today.
So what do we have and what to expect soon?
Technically, we can see that BTC has braked both H1 and H4 downtrend lines few times. So here we can speak about an effort to build a new H1 uptrend line. And this is a good signal to buy BTC.
We expect some more correction and a bounce from the major support zones of 31000 - 29000 soon.
Plain and Simple Bitcoin Daily Analysis - 3/18/21 - BTCUSDTPlain and Simple Bitcoin Daily Analysis - 3/18/21 - BTCUSDT
Yesterday, price actions followed precisely my prediction for a rise around the 59K level.
Today nothing big is happening for now in terms of fundamentals. Just the perspective of a coming week-end.
Now week-ends is where things happen... bullish things.
High Vix, positive MACD, but high RSI is going to give us a steady ranging, on the upside.
Aiming at a sluggish 60K, and passing it quietly would not be a surprise.
But there is no much fuel to go higher for now.
Except if we get some news to lift up "ze moood".
Thanks for reading !
Stay safe.
And remember, no pain, no gain !
See you all tomorrow, and don't forget to ......
smash that like button !
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BTC Dupming ScenarioBTC has chosen the Correction Path with a nice Reversed Cup & Handle Pattern Leading to a Short To Mid-Term Correction
#BTC will land on 33K Level on Short Term Then 30K In Mid-Term Altough,the only way that if it happens it leads to expand the correction to Mid-term is that the major support level on 33k gets broken hardly.
#possible Long Scalping Setup On 33K Level.
**My Other Idea About BTC which i showed the Correction From 38K is hidden... why tradingview ?
Bitcoin Today: a hint of hopePrice
Yesterday buy-in broke the lateral channel and brought the price above the 6650.0 level, closer to the Global Bearish Trend Line. For now, the price stays locked inside the narrowing bounds of Bearish Trend Line and 6650.0 level. Today BTCUSD will reach the decisive moment with the Trend Line, bounce back will bring the price below the 6650.0 level probably back to the 6400.0 zone; a breakthrough above the Bearish Line will bring more confidence to the markets and could provoke new buying session. Support – 6400.0 level; closest resistance – 7000.0 level.
Today forecast
Trading in the 6400.0 – 7000.0 zone.
Latest news
All Regulated Japanese Exchanges to Prohibit Insider Trading and Privacy Coins
The association comprising of 16 government-approved cryptocurrency exchanges in Japan has reportedly provided a sneak peak of its self-regulatory rules. The focuses are on banning insider trading and preventing exchanges from listing privacy coins.
The Japan Virtual Currency Exchange Association (JVCEA) has given a sneak peak of the draft self-regulatory rules it has been working on, “in an effort to step up consumer protections and improve transparency,” Nikkei reported on Monday. The main focuses of the new regulations are on “insider trading and the trading of new currencies that cannot be traced easily,” the publication detailed, adding:
“The proposed rules explicitly ban insider trading. Word has leaked previously that a major exchange would start handling a new currency, which led to a surge in the currency’s value and left many suspecting market manipulation. Such activity would represent a clear violation of the new rules.”
Australia Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains
After moving to request all cryptocurrency exchanges to report to the country’s watchdog agency, the Australia Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains, essentially classifying them as assets.
Liz Russel, a senior tax agent at a private Australia online tax return service, shared some insights on the way the ATO will be treating cryptocurrency gains and what people should expect. Just like in the majority of countries, there is an ongoing debate amid Australian institutions regarding the proper classification of cryptocurrencies.
However, according to the senior tax agent, the ATO has made it pretty clear that it would regard them as assets:
“There is a long-running debate over what cryptocurrency actually is – whether it’s an asset, currency or collectible – but the ATO has made it clear that it treats cryptocurrency as an asset. That means it’s subject to the same capital gains tax (CGT) provisions that apply to real estate and shares.”
Put in simple words, Australians will have to pay the CGT tax on any profits they made from trading cryptocurrencies. So, if you’ve bought back when it was $2,000 and sold it for $20,000, the $18,000 profit will be subject to CGT.
Bitcoin Today: exchanges under gov pressurePrice
Yesterday we saw one more fall iteration, which brought BTCUSD pair to the April minimum at the 6425.0, exactly from this level the April – May growth started. The next support would be February low at 6000.0 level. Turnaround scenario at this point require strong support in the 6000.0 – 6400.0 zone. Otherwise, the price could go lower than 6000.0 minimum, causing more panic and aiming for the next psychological support at the 5500.0. We recommend considering buying these lows only if BTCUSD market will show high volumes and growth above the Bearish Trend Line. Another more probable scenario – lateral stagnation in the 6000.0 – 7000.0 interval, sounds more probable than other scenarios.
Today forecast
Trading in the 6000.0 – 7000.0 zone. High risk of further fall-down.
Latest news
CFTC Subpoenas Cryptocurrency Exchanges In Bitcoin Futures Investigation
Due to suspicions of market manipulation that may impact the final settlement price of CME's bitcoin futures, the Commodity Futures Trading Commission (CFTC) has reportedly subpoenaed four cryptocurrency exchanges. According to the Wall Street Journal, the regulator demanded that the exchanges – Bitstamp, Coinbase, itBit, and Kraken – provide "comprehensive trading data to assist a probe into whether manipulation is distorting prices" in the bitcoin-linked futures market.
This is a complicated matter because the CFTC has claimed oversight and enforcement authority over cryptocurrency-based financial derivatives like bitcoin futures, but seems to possess only enforcement authority over the cryptocurrency spot markets. The inquiry revealed by the Journal on Friday is distinct from the CFTC-DOJ investigation into bitcoin price manipulation, which ETHNews covered last month.
The reported concerns about potential manipulation lend credence to the suggestion that bitcoin futures products were rushed to market. No word yet about the CBOE's bitcoin futures product.
Bitfinex Tether Trading Identified as Source of Crypto Markets Price Manipulation
A document released today by Professor John M. Griffin of the University of Texas’ Finance Department has identified what it claims are suspicious clusters of Tether-Bitcoin bulk trades on the Bitfinex trading exchange towards the end of 2017 which may have, in part, contributed to the price rallies of the cryptocurrency markets of the same period.
“Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top crypto-currencies,” the report claims.
“These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices,” the reports further state.
Professor Griffin’s report also states that whilst “the promise of a decentralized ledger with independently verifiable transactions has enormous appeal,” the vast majority of crypto-currency trades continue “as transactions occur on centralized exchanges. These exchanges largely operate outside the purview of financial regulators and offer varying levels of limited transparency.”