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Btcusdlong

LEGENDARY ANALYSISWelcome! This is my first analysis of #Btc/usdt. In this idea, I will show you a possible short or also a possible long position. If we draw at the indicator a trend line from the highest point to the next, it shows us approximately how much room the price has to fall. Historically, whenever BTC has been at a channel support and the indicator showed a fall gap, it has subsequently gone up. However, right now we find that BTC still has room to fall and has broken the support of the channel. Therefore, it is likely to go to the next support in the range of $12,500/$10,500. After falling to that area, it may develop a rise towards the area of $17,000. I wish you a Merry Christmas and a Happy New Year!
by Crypto_Interes
2
Bitcoin's Genesis Fibonacci SpiralThe chart above shows the price history of Bitcoin since its genesis Fibonacci spiral. Throughout this post, I will refer to the concept of a Fibonacci spiral . To put it simply, in the context of a price chart, I conceptualize log-scale bull flags as Fibonacci spirals (though both bull and bear flags, as well as pennants, can be conceptualized as Fibonacci spirals). If you'd like to better understand why I conceptualize these chart patterns as Fibonacci spirals, you can read my post here: Below, I will explain my methodology in developing this chart, and subsequently, I will provide a commentary on the future of Bitcoin's price action. Methodology To capture Bitcoin's genesis Fibonacci spiral, as shown in the posted chart, I took the following steps: (1) First, I searched for Bitcoin using the symbol "BTCUSD" and selected the "Bitcoin All Time History Index" option. This step is important because no other dataset has a longer price history of Bitcoin, and thus no other dataset can accurately produce Bitcoin's genesis Fibonacci spiral. (2) Second, I defined Bitcoin's genesis Fibonacci spiral as beginning at Bitcoin's lowest price point. Bitcoin's lowest price point (that is measurable as a unit of U.S. currency) is $0.01. Bitcoin was at this price in 2010. (3) Third, I used the "Fib Retracement" tool to draw the first Fibonacci spiral. To construct this genesis spiral, I placed the Fibonacci retracement tool on the lowest price point for Bitcoin ($0.01) and then traced up to the highest point that Bitcoin achieved before it underwent its first log-scale golden ratio retracement. See the chart below for a close-up of the genesis Fibonacci spiral using a log scale. Note: Since the golden ratio is an irrational number and therefore technically unachievable, whenever I use the phrase golden ratio, I mean golden ratio approximation. Additionally, it is important to note that in the case of all Fibonacci spirals, the primordial spiral only weakly approximates the golden ratio, but over time, each successive spiral converges more closely toward the golden ratio, also known as Phi. If this does not make sense to you, and you want to better understand this concept, you can check out the animation: linked here (4) Finally, I applied successive, logarithmically-adjusted Fibonacci extensions. Bitcoin's price continues to respect these levels. More theoretically, Bitcoin's price does not just respect these levels but its price is actually bounded by them, (along with being bounded by an infinite series of fractal Fibonacci spirals across all other timeframes). For a more in-depth discussion of the infinitely fractal series of Fibonacci spirals that guides price action, you can see my post below. On a more practical level, the significance of properly identifying the genesis Fibonacci spiral is that it potentially creates a powerful predictive model. In the chart below, we can see that all halving cycle peaks occurred at or nearly at a Fibonacci extension level of Bitcoin's genesis Fibonacci spiral (when analyzed on a higher timeframe closing basis). Commentary How much lower might Bitcoin's price fall? If the above Fibonacci spiral chart provides predictive value, then Bitcoin's price is likely heading down to the 3.618 log-scale extension level of its genesis spiral, as shown below. This level is Bitcoin's prior halving cycle peak. Just note that the 3.618 level is a prediction based on the closing price for the higher timeframe candles. That is to say, it does not mean that a lower wick will not form below this level. How high will Bitcoin rise during its next halving cycle? First, the answer to this is technically unknowable. While price will always tend to be bounded by Fibonacci levels, the exact Fibonacci level that will define Bitcoin's next peak is ultimately influenced by the introduction of seemingly random events. With that said, if the above Fibonacci chart generally provides predictive value, the best approximation that I can make for the next halving cycle peak is shown in the chart below. The coming halving cycle is particularly noteworthy in that it presents two major Fibonacci extension resistance levels in close proximity to one another: the 4.236 and 4.272 levels. Bitcoin is unlikely to surpass both of these levels on a quarterly chart closing basis in the next halving cycle. If Bitcoin rises above $150k during the next halving cycle peak, I would be looking to take profit and sell ahead of the next cycle back down. With that said, I would not be terribly surprised to see an upper wick close to $200k. On the other hand, if the central banks keep their money supply tight for years to come, and Bitcoin adoption is slow, I also would not be terribly surprised to see Bitcoin begin to falter at any price above $100k during the next halving cycle impulse wave. Why use a log scale chart for Bitcoin? Since Bitcoin moves in an assumed logistic growth curve, a log scale chart provides the best overall visualization of its price action. While using a log scale is generally less important on low timeframes, it becomes essential on high timeframes. Using a log scale helps one to better visualize the inhibition of growth that the passage of time presents. That is to say that each halving cycle is likely to be less impulsive than the previous halving cycle, and similarly, each halving cycle sell-off will likely be less dramatic. This results in Bitcoin's price becoming generally more stable over time. How can I use this chart to trade on the lower timeframes? One of the amazing attributes of log-scale Fibonacci levels is that additional log-scale Fibonacci levels can be drawn within the bounds of each set of higher-order Fibonacci levels. This reflects the recursive or fractal nature of Fibonacci patterns. To illustrate this, let's zoom in on a weekly chart that shows Bitcoin's current price, which is bouncing between the 3.618 and 4th Fibonacci extension levels. If we draw Fibonacci retracement levels that are bounded by these two major extension levels, we see that price is also respecting these lower-order Fibonacci levels. See the chart below. If we zoom in even further, to the 4-hour chart, and again draw log-scale Fibonacci retracement levels as bounded by a set of Fibonacci levels of the higher order, we can see that, once again, price is respecting these Fibonacci levels. In theory, Bitcoin's price is only ever bounded by Fibonacci levels. It is just the case that sometimes it might not appear that way because of one's frame of reference. On a theoretical level, every movement in the price of Bitcoin conforms to a Fibonacci spiral on some timeframe, but also on all timeframes. These spirals can take price upwards or downwards, thus resulting in spiral patterns appearing even if one inverts the chart. In the coming year, I plan to write a longer piece about Investing in Cryptocurrency that is research-based. For now, I hope this chart of Bitcoin helps someone out there in understanding the nature of Bitcoin's price action. Thank you for the privilege of your time in reading my post.
INDEX:BTCUSD
by SpyMasterTrades
15
BTC USDT TODAY#BTC continues to move down filling the FVG, The general market structure on daily, weekly is still bearish, if don't break the sell wall @17300/17800$, BTC gonna dump more looking after new liquidity, the market maker is in ease, playing as habitual on the psychology weakness points. better stay away fresh entries for longs. Next Suppport is around 16300/16350$. Today I'm Going to long #BTC From the 16450/16500 to the range 17300/17500$ Do your own risk management. have a good day.
Long
by cryptospo
Adding on to BTC long @ 16,500 10x leverageSorry I went AWOL, I had the sickness that shall not be named for a while. Feeling better now. I am adding 1 BTC onto my BTC position. I have had this position open in a cross margined account for over a week now. This is going to be a long play for me, not worrying about the fees for now. Fundamentally, I've rarely seen BTC move in such a consolidated manner for so long. Not sure if it's just the holidays / end of the year or a mixture of that + the FTX fallout, but waters are far too calm and I'm on high alert. Technically, we just broke underneath our Keltner Channel and are looking to enter back into the channel, a sign of a reversal. We're currently in a descending channel and are far away from our Ichimoku Cloud of resistance on the 4-hour. I believe we'll retest this over the coming days. I also believe we'll retest the 200-day EMA and the major area of resistance I've marked with a red box. More updates soon.
BITSTAMP:BTCUSDLong
by WatsonsView
9
There is an analysis of the BTCUSD H1 chartIn our analysis, we found a number of data points. There has been a 64% drop in bitcoin prices over the year, and 75% since November 2021 when prices reached all-time highs of $69,000. It has been noted that the price has been forming a triangle with symmetry since last month during the consolidation period. Additionally, there have been multiple pullbacks and bounces that have tested Trigale's trendline over and over again. A triangle can be broken on any side, either downwards or upwards, according to the theory, and the price can appear anywhere. There is a target at 16714.82 & 16565.5 if the price breaks down this trendline. However, if the price moves above the upside trend line, a target area at 17062.44 is the target if the price breaks down the site trend line. With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
COINBASE:BTCUSD
by Enclave_fx
BTCUSD Bitcoin : "Falling wedge" and what's next! 23.6Practicality, simplicity and logic. Lack of emotion in trading fused with the ability to see pure rational and logic is crucial. A classical reversal "falling wedge" is appearing on the chart with connecting lows and highs of the last close to 12 month of trading. The range of the wedge currently stands between 17,500 to 31,000. The more likely scenario is a resistance breakout and resume of upward trend, meaning current target and target to break is 31,000 for full on up-trend to be back and a new high within reach. This may take a lengthy period of time of weeks to months. The less likely scenario is a drop below 17,500 which could take Bitcoin back to 12,000 horizontal support stretching back to 2017. Bitcoin is capped to 21,000,000 coins and currently stands at 19,000,000. Once supply is capped , what is the endgame for Bitcoin? Today roughly 11% of the population holds crypto, once the percentage hits 50% , what do you think the price of Bitcoin would be considering no more coins can be mined? Recession, inflation and so forth give the Bitcoin potential to be huge. With descending trust in banking and conventional currency, which the last 2 years significantly exposed with trillions of USD printed, cheap endless credit globally and an overall aging monetary system. The short-term may prove to be low risk high reward territory. 17,500 immediate support, compared to 31,000 target - 20,000 at the moment of writing this. Trade with caution! -------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! I hope this proved to be useful, if so - I would appreciate a like and follow :) Any comments and questions are welcomed, looking forward to answer them all. I am not a financial advisor and encourage you to do your own research before trading. --------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
2
BTC Tradeplan updateHi @Everyone, Update on previous trade plan : - Our low risk long setup played out wel and hit the take profit level. - As u can see we hit our short area zone, and we just got confirmed bearish divergence on the 1,2,3 hr TF ( atleast ) So far the scenario is following the steps where we waiting for, 1 Long setup should hit short area 2 Short area got hit 3 Bearish div confirmed. Right now its expected BTC should reverse atleast towards the first box on the chart, Regards, Team Quantistic
by Quantistic
4
Acending bottom formation scenario ''IF'' the BTC bottom is inHi @everyone, Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low. In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example. This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out, But.... ''IF'' this scenario could play out, we are well prepared for it. A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading. Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this.. Enjoy this possible scenario thread, Quantistic
by Quantistic
#BTCUSDT - Thoughts out loud plus technical side. #BTCUSDT #BTC #USDT. Good afternoon! The idea of the possible development of the situation on Bitcoin and the direction of the cryptocurrency market in general. For this period of time, the price continues to decline and there are no purchases by professional market participants on the chart. If the buyers do not keep the price in the range of 15555 - 17777, we can expect further price decline, prospective prices The chart shows possible scenarios:1.2. A.B.C. - Price levels from which we can see the resumption of acquisitions. Against the background of the technical picture, the news background begins to slowly fill the information that one of the largest mining companies in the United States, Core Scientific, has filed for bankruptcy after the fall in cryptocurrency prices and rising energy prices. Core Scientific mines reliable cryptocurrencies such as bitcoin. The process involves connecting data centers across the country equipped with highly specialized computers that process mathematical equations to verify transactions and simultaneously create new tokens. This process requires the use of expensive equipment, some technical know-how and a lot of electricity. Core's market capitalization fell to $78 million as of the end of trading on Tuesday, down from a valuation of $4.3 billion in July 2021. Over the past year, the stock has fallen by more than 98%. According to a source familiar with the situation in the company, the company is still generating positive cash flow, but this money is not enough to repay the financial debt for the equipment it leased. The person added that the company will not be liquidated but will continue to operate as usual, reaching an agreement with senior securities holders who hold the bulk of the company's debt. The company said in October that holders of its common stock could experience a "total loss of their investment" but that this may not happen if the industry recovers. The company also said it would not pay debts in late October and early November and said creditors could sue the company for non-payment. At Core, which primarily mints bitcoins, the token price has fallen from an all-time high of over $69,000 in November 2021 to around $16,800. This loss of value, coupled with increased competition among miners and rising energy prices, has resulted in shrinking profits. This is the first time in the history of the crypto industry that more than 25% of the total amount of bitcoins mined in 2022 falls on this company.
by WVitalievich
#BTC/USDT $20k target if this happens!In our last chart, we predicted the $18.4k target. The price followed every single point. For now, the support remains around $17350. The price is likely to move higher from here. Possibly $20k. The second scenario is if we lose the $17k level, we are looking at a $15k target for the Bears. (Less likely) For the $20k target, the condition being BTC holds the $17.3k level which is also the invalidation point of our chart. Let us know what you think. Please show your support with your likes if you find my updates helpful. Thank you #PEACE
Long
by Cryptorphic
22