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BTC/USD LONG & SHORT SET UP (HODL)Bitcoin (BTC/USD) continued to suffer from negative technical sentiment early in today’s Asian session as the pair continued to eye the psychologically-important 34000 figure. Bears pushed BTC/USD as low as the 34017.56 level after testing a downward price objective related to recent selling pressure around the 52100 and 48574.70 levels. Stops were recently elected below the 40921, 40842, 40362, 40230, 38832, 38602, 37782, 37593, 37426, and 37119 levels during BTC’s sharp depreciation. If BTC/USD extends its recent weakness, additional downside price objectives include the 33724, 33208, 33069, 32894, 31639, and 29514 levels. Previous buying activity saw BTC/USD escalate to the 42692.71 level, representing a test of the 38.2% retracement of the appreciating range from 39650 to 44453.22 area. Stops were also recently elected below a series of downside price objectives including the 46219.09, 45864.66, 45807.18, 44655.08, 44763.46, 43863.32, 43211.49, 43132.91, 42544.70, 42497.20, 41919.46, and 41583.39 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 42143.82 and the 50-bar MA (Hourly) at 39778.68. Technical Support is expected around 33069.10/ 31639.47/ 29514.02 with Stops expected below. Technical Resistance is expected around $35734.12/$37670.39/ $39514.35 -$40,000/$41,500/$44,000/ $50,000/ $53046. 01 / $55157.38/ $55526.67/ $58,000/ $60,000/ $64,000/ $68,000/with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BYBIT:BTCUSD.P
by MavRich_Trading
1
BTC SHORT TO $24- $26K BTC going on an A-B-C correction which is very common after a good 5 wave impulse Blue 5 wave Elliot wave from 2017 to 2021 ABC corrective wave in RED Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE Wave C has two more waves to go sub wave (4) and sub wave (5) I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K 1) significance of 26K is it's Fib 61.8% at its all time high of 68K 2) Wave C extension of Wave(A) falls around 24K So thae 24-26K zone is a great one to watch
BITFINEX:BTCUSDShort
by JAN360
Max pain in for BTC? I think not!This looks like a reasonable support for an ascending channel and I wouldn't be surprised if price is manipulated to the downside on more time to give people the impression that it's all over. What the market makers choose to do now is largely dependant on whether there's more positions to liquidate either to the upside or the downside. For now it definitely looks cheaper to liquidate the longs at 28K, at the same time build a enough short positions to liquidate as it shoots for the final wave 5. BTC after the final wave 5 will be a dead horse. It's already trading like gold and will continue to do so well into the future.
COINBASE:BTCUSDLong
by IkanBilisCapital
Bitcoin Bears or Bounce?Looking at this 4hr chart it's clear to me that Bitcoin is at a critical level. If we have more downside we should find some support around $34,000. If that does not hold then my next level to watch would be just below $30,000. If $30,000 doesn't hold, I would look to around $20,000 next. I remember that there is a CME gap around $9,000, but I've been running all night and I'm too tired to verify it. So if we do continue down, just understand that anything is possible. Do I think we will go that low? No I don't, so I'll be looking for that bounce around $34,000. But I am just a werewolf, so don't take any advice from me! I spend most of my time running around in the woods and scratching myself. I'll be waiting in the bushes to see how this plays out. What is your plan? Owhooooo!
BITSTAMP:BTCUSD
by Akamer-the-Werewolf
BTC/USD LONG SETUP(HODL)NEED A BREAKOUTBitcoin (BTC/USD) extended its recent weakness early in today’s Asian session as the pair continued to orbit the 42051.61 level, an area that represents the 50% retracement of the appreciating range from 39650 to 44453.22. Additional downside retracement areas in this appreciating range include the 41484, 40703, and 40677 levels. Traders recently sold BTC/USD down to the 39650 area, its lowest print since September, after Stops were elected below the 46219, 45864, 44655, 43211, 42544, 41583, 41027, and 40842 levels. Additional Stops were triggered below the 46487 and 41583 areas, downside price objectives related to selling pressure that strengthened around the 57670 level. Stops were also recently elected below a series of downside price objectives including the 46219.09, 45864.66, 45807.18, 44655.08, 44763.46, 43863.32, 43211.49, 43132.91, 42544.70, 42497.20, 41919.46, and 41583.39 levels. If BTC/USD extends its recent depreciation, additional downside price objectives include the 39514, 38832, 38602, 37782, 37593, 37426, 37119, and 35626 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 42728.71 and the 50-bar MA (Hourly) at 42569.11. Technical Support is expected around $41,500/$40,000-$39514.35/ $38670.39/ $35734.12 with Stops expected below. Technical Resistance is expected around $44,000/ $50,000/ $53046.01/ $55157.38/ $55526.67/ $58,000/ $60,000/ $64,000/ $68,000/with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BYBIT:BTCUSD.PLong
by MavRich_Trading
BTC Logarithmic ChannelHere is the Logarithmic Channel for BTC. We are closer to the bottom of the channel. We can drop to ~30k to grind the absolute bottom, but I cannot see that last for long. Any investing taking place around these prices should be considered a safe investment for long term. The upward potential is massive and any dips in price from here should be treated as buy opportunities. Don't let price action and manipulation of the market with scare tactics push you to sell you BTC. BTC has many years of history and if you are new to crypto, don't freak out too much, these are just the normal cycles. If you are worried and freaking out, just zoom your chart out to really see where we are in the channel as I am showing you. Look at the overall Logarithmic price and not just a zoomed in section of price action and it'll help you understand a lot better. DYOR. Obviously this is not investing advice, I am simply helping some who might not take the time to zoom out, to see where we truly are in the channel.
COINBASE:BTCUSD
by VercettiTrades
Bitcoin- And down we goIn my previous analysis, I said that I don't believe that the correction will have the power to reach 46k, and looks like I'm right, with Bitcoin breaking under what should have been support at 42500. Bulls are very, very weak and I expect to see 40k figure soon The real problem now is not if it will go there, but what will happen if it does. In my opinion, it will break under and the next obvious support is at 30k, interim support being at 35 I maintain my bearish opinion on BTC and the crypto market in general and I'm looking to add on my existing short trade on eventual rallies.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
35
BTC/USDT 1HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 49500k or even above BTC is forming 1 hour cup and handle pattern and triangle pattern is also visible from yellow train line This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
6
Bitcoin- I'm starting to doubt 46kI was bullish Bitcoin and expected it to rise towards 46k resistance. My bullishness, however, has started to diminish with the price hovering around 42500 support and bulls looking very weak The last attempt to rise above 44k was met with selling pressure giving us a lower high in rapport with the previous 45k As I said, 42500 is support and fail from bulls to keep the price above opens the door for a new visit of 40k important figure I'm looking to sell rallies from this point on
BITSTAMP:BTCUSDShort
by Mihai_Iacob
54