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Btcusdidea

BTC's long and windy road to 100K. A final blowoff top too come.November and December has typically been bullish for BTC but it has proven us otherwise this time round. A 48K bitcoin must be within our expectations and even so the price action of bitcoin still remains bullish. This is unless price breaks the channel we have drawn. This road to 100K seems long and windy as the money in the market starts to dwindle. A final blow off top is what we are waiting to see this December. May the strong hands win.
COINBASE:BTCUSDLong
by IkanBilisCapital
BTC/USD LONG SETUP (HODL)Bitcoin (BTC/USD) extended its pullback early in the Asian session as the pair depreciated to the 56070 level after trading as high as the 57228.28 area during the European session, with the interday high representing a test of the 50-hour simple moving average. Traders drove BTC/USD as low as the 55845 level during yesterday’s Asian session, its lowest print in several sessions and one that follows a succession of lower highs. This level also represented a test of the 61.8% retracement of the recent appreciating range from 55327 to 59249.77. With the psychologically-important 60000 figure back in sight, traders are eyeing technical hurdles around the 59076.15 and 59222.36 areas, representing the 78.6% and 76.4% retracements of the appreciating range from 57653.88 to 64300. Another important level is the 59441.39 area, representing the 38.2% retracement of the depreciating range from 69000 to 53533. Additional upside retracement levels include the 61266.50, 63091.61, 65349.79, and 65690.06 levels, while additional downside retracement levels include the 49150.78, 44466.36, 38670.39, and 37797.03 areas. Following the pair’s recent volatility, downside retracement levels and areas of potential technical support include the 53150, 52598, 49409, and 49150 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 bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 56418.85 and the 200-bar MA (Hourly) at 56411.21. Technical Support is expected around 53150/ 51245.86/ 49022.22 with Stops expected below. Technical Resistance is expected around 69000/ 69449.40/ 77565.60 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.
COINBASE:BTCUSDLong
by MavRich_Trading
BTCUSD - big fall of the price but...Hello Traders, Due to strength of USD price of bit coin drop drastically. By looking on channel look like price may drop more, but I you can see there is support on the way (red line 53668. Perhaps this support will stop price but we have observe market. This support is on last long black candle. Support and resistance always shows on open close and 50% of the candle. Next support will be on 53000. Momentum is is in the range of sales. May stop on the last lower trough. Lets wait for reverse and see what will happen next cheers, Jim
BITFINEX:BTCUSD
by jimmycdn
2
BTC/USD Forex Signal: On Track to Hit 60,000Bullish View Buy the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 56,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 57,000 and a take-profit at 55,000. Add a stop-loss at 59,000. The BTC/USD tilted upwards as the market appeared to ignore the hawkish statement by the Federal Reserve chair. The pair also rose as investors reacted to the ongoing market action in the cryptocurrencies industry. It is trading at 58,600, which is about 9.75% above the lowest level in November. No Taper Tantrum? In his second day of testimony on Wednesday, Jerome Powell maintained his sentiment that the Fed will move to taper faster than expected. While stocks and Bitcoin declined slightly after this statement, they quickly bounced back since the hawkish central bank was already priced in. The Dow Jones rose by more than 500 points on Wednesday while the Nasdaq 100 Index rose by more than 300 points. At times, there is usually a close correlation between major US indices and Bitcoin prices. The BTC/USD also tilted higher after cryptocurrency companies continued making moves. On Wednesday, Crypto.com, the fast-growing exchange, announced that it will acquire two derivatives exchanges from IG Group. The two exchanges are Nadex and Small Exchange. The acquisition will be worth more than $250 million. Crypto.com has been enjoying quick growth recently. In November, it announced that it will buy the naming rights of Staples Center in a $700 million deal. It also announced a major marketing plan worth more than $100 million. Meanwhile, in an announcement, Fidelity announced that it will launch a spot Bitcoin ETF in Canada. This is major news since Fidelity is one of the biggest companies in the United States. The difference between this fund and BITO is that the latter tracks Bitcoin futures. The next key catalyst for the BTC/USD will be the US initial jobless claims numbers scheduled for later today and the official NFP scheduled for Friday. BTC/USD Forecast The four-hour chart shows that the BTCUSD pair has been in a tight range in the past few days. The pair is trading at about 58,600, where it has been in the past few days. It is also slightly above the 25-day moving average. A closer look shows that the pair has formed a bullish flag pattern. In price action analysis, this pattern is usually bullish. The pair has also formed an inverted head and shoulders pattern. Therefore, there is a likelihood that the pair will bounce back higher in the near term. If this happens, the next level to watch will be at 60,000.
BITSTAMP:BTCUSDLong
by SmoothJB
Bitcoin is getting ready to pump !Hello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ Using the Elliot Wave Theory we can see that Bitcoin is getting ready to enter the 5 wave which is an impulsive wave that will probably lead it to the $80000 range!! Notice how the market is still under the effect of the Golden Cross that happened on AUG 12th. Simple Analysis. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:BTCUSDLong
by GabiDahduh
3
BTC/USD LONG(HODL)(INVERSE H&S PATTERN)Bitcoin (BTC/USD) was volatile early in the Asian session as the pair depreciated to the 56600 level after trading as high as the 59249.77 level during the North American session, with the interday high representing a test of the 76.4% retracement of the appreciating range from 57653.88 to 69000. Buying pressure emerged in the European session around the 55910.33 area, representing a test of the 50% retracement of the recent appreciating range from 53327 to 58908.27. Previous buying pressure emerged around the 53327 level early this week, the pair’s weakest print in several weeks, and prevented BTC/USD from testing the 53150 area, representing the 50% retracement of the appreciating range from 37300 to 69000. Additional downside retracement levels include the 49150.78, 44466.36, 38670.39, and 37797.03 areas. Following the pair’s recent volatility, downside retracement levels and areas of potential technical support include the 53150, 52598, 49409, and 49150 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 bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 58628.96 and the 50-bar MA (Hourly) at 57037.24. Technical Support is expected around 53150/ 51245.86/ 49022.22 with Stops expected below. Technical Resistance is expected around 69000/ 69449.40/ 77565.60 with Stops expected above.
COINBASE:BTCUSDLong
by MavRich_Trading
Bitcoin- Another day, another failThere are 2 weeks already since Btc is trading in a tight range, and, excepting the drop for 2 days under 56k zone, the resistance is 60k zone and support just under 56. As long as the price is stuck between these two levels, it has no clear direction. A sustained break above 60k would put pressure to the upside and a new ATH is not out of the question. However, a drop under 55.500 is very bearish and in my opinion will be the beginning of a medium-term down trend. I'm waiting for clarification and till then I m out of any trade
COINBASE:BTCUSD
by Mihai_Iacob
26
BTCUSD-STILL MORE BULLISH ON MARKET REBOUNDI wrote last Monday the technical picture had become more bearish, so I was looking for a break below the support level I had identified at $56,537 and the round number at $55k, to signal a new short trade aiming for the price to fall at least as far as the $50k area. This was not a bad call insofar as I was correct to see the $55k area as the ultimate pivotal point for signalling directional bias, and the price rose after getting very close to $55k that day. The price continued to consolidate below $60k over most of last week, looking neither bullish nor bearish over the medium term, although there is a bearish drift over time. Then the omicron variant panic on Friday pushed the price down to new lows below $55k, but the price has rebounded strongly over the past day on new hopes that the omicron variant will not have a catastrophic economic impact. Although the price chart below shows the price is back within a wide zone without key support or resistance levels between $56k and $60k, there may be hidden resistance and support close by – the price is much more congested than it looks. I think we will see choppy trading in Bitcoin today until we get some more decisive news about the omicron variant. It is still possible to take a long from a bullish bounce at $56,020 or a bearish rejection of $60k if either of these scenarios set up today, but it would be wise to be conservative on taking profit from either trade. Today’s BTC/USD Signals Risk 0.50% per trade. Trades must be taken before 5pm Tokyo time Tuesday. Long Trade Ideas Long entry after a bullish price action reversal on the H1 time frame following the next touch of $56,020, $55,425, or $51,912. Put the stop loss $100 below the local swing low. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride. Short Trade Ideas Short entry after a bearish price action reversal on the H1 time frame following the next touch of $59,959 or $62,407. Put the stop loss $100 above the local swing high. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride.
COINBASE:BTCUSDLong
by SmoothJB
BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . As I say in previous chart BTC is depend on 4 hour closing and it close upside the resistance level and retest it also now the resistance level will $59700 or $63500 let,s see how 4 hours candle closes. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
by CRYPTOMOJO_TA
Bitcoin- Is this a genuine reversal?Bitcoin has spent the weekend hovering around 54k recent low, just to spike up a few hours back, in Asian session. At this moment the price is 57300, well above 55.500 support Regardless of this 10% rise from the bottom to the top, BtcUsd is still under trendline resistance and the important 60k and the situation is still unclear. Only a continuation of this rise and a new high above 58.500 would convince me that the correction is over and it is time to buy. Till then my approach is to wait and see
BITSTAMP:BTCUSD
by Mihai_Iacob
17
BTC/USDT : Hold the or retest 45K's support ! New ATH is commingBy analyzing the bitcoin on the daily chart... it seems clear that after the triangle patterns was breached to the top, the ATH was tested twice and failed to continue rising... after that back to test the moving average 200... It is expected that the bitcoin will pump to return towards to new ATH to the 72.000 and based on the previous ATH to the 69400 before completing the climb to the historical ATH ... In the event of failure, we will see a visit to the 45800 areas and the launch again
Long
by youyou2222
1
BTC/USDT 6HOUR UPDATEWelcome to this quick BTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart . btc/usdt price is moving in a falling wedge. It needs to breakout the current support and falling wedge for a clear uptrend. I thing the price cam pump fore here . if its breaks trade line then the chart will be invalid. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. thank you ...
by CryptoSanders9563
2
BTCUSDT , Until now we are in downward trendHello everybody According to our analysis about btc , with high chance our analysis exactly happen , and now we make new breakwave and we need pullback to have correction this breakwave and recovery the price , but the most important point is , until the price trade in below the trendline the market is bearish and the power of the seller is more than buyer . After break this zone we can go up until the trendline , until the key point is not broken and close candle above of them and the trend is downward and we should take sell position not ... :D Previous analysis : Good Luck Abtin
Long
by Abtin00