#BTCUSD - Time to Liquify Some Bulls?Well, here we are, after a massive #BITCOIN pump over the last month or so, with a fresh Sell signal from Crypto Tipster v2.
There's a strong descending trend line acting as resistance right above current price, and a few levels of support on the flip-side.
If we can break below the support @ $21.5k it looks to us like the price is going down to at least $19k, maybe further.
Either way the path of maximum pain would be to liquidate some ultra-long bulls right now, giving us a nice 10 or 20% profit from this short!
What Do You Think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀
Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️
🔥🔥🔥
Crypto Tipster v2
theCrypster
🔥🔥🔥
Btcusdshort
BTC GETTING REDHello Guys, GOATChad here.
BTC has been going up and we are at a strong zone where many people are probably longing at.
I expect another leg down if we don't manage to break the 4 hour 200 ema.
21500 is first target and 20700 is the next, after that we would go down all the way to 18k.
I personally trade hourly so I am currently waiting for that fib retracement.
Good luck and remember to have proper Risk Management.
Not financial advice.
Bitcoin Move to 150K on a monthly predictionHey guys,
Here's a monthly chart on Bitcoin, keeping it way too simple. (:
I believe the major bull run to 150K area will begin only after the test of 10-12K area. There's even a possibility of a wick to 6-7K when that happens.
Remember this is monthly chart. The chart and the drawings on it speaks for itself so I won't go into details that much.
In 2023, I'm assuming these drops and in 2024, we'll begin the moves with the halving helping the moves as well.
So I've selected investment strategy as short for the time being when publishing this idea but in long term it's still long.
PS: This is not a financial advice! Always DYOR. Cheers!
#BTCUSDTMy hart says price will directly hit the 21700 price, and my brain also says the price need to do a correction movement to hit the upper side blue lines which placed on 23343 maximum upper line...price is doing a death cross on 4H chart and 21700 OB and 20750 Ob the last hope for bulls...unless we can see the price will kiss 12,000 level as soon as possible....in short term it will going to touch the upper key level of the falling wedge....all things can be happened or not.....
BTCUSDT Must Have Run! Despite everyone, I am thinking of Short!According to classical analysis we reached the bottom of ascending channel and we should look for upward run!
But as you see in chart, my own developed indicator based on blocks, support and resistance and some other data which is showing the probability of next movement ; indicates that we should face downward for future prices and I believe in what I was developed and coded based on my experience and knowledge of market analysis which I want to share it with you also!
Anyway,
Max upward price : 23200 - 23300 and reaching more than these prices means going to break 25500 and 26000
Break Bullish Block : 21700 - 21500 means going down to 18800 and if more 16600 and even more 15300
Not a special advice for trading just as student of financial market experienced ...
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers.
There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse.
On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500.
Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market.
On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top.
Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief.
Recommendations for trading BTCUSD:
SELL BTCUSD ( 24.200 - 24.000 )
Stoploss : 24.600
Takeprofit 1 : 22.700
Takeprofit 2 : 21.500
Takeprofit 3 : 21.000
BUY BTCUSD ( 20.800 - 21.000 )
Stoploss : 20.500
Takeprofit 1 : 21.700
Takeprofit 2 : 22.300
Takeprofit 3 : 23.500
Note: Always install TP and SL in all cases
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Correction Bitcoin Is Going According To PlanIn my previous analysis, I stated that it is likely to see a correction for Bitcoin because of two main reasons:
- We're experiencing heavy horizontal resistance near 25k
- The 200 weekly ma is at 25k, giving us confluence (double resistance in this case)
Now that the correction has arrived, everything is going as planned. As you can see on the hourly chart, Bitcoin was making lower highs as soon as the price got rejected at the resistance for the 3rd time. Finally, the lower resistance line of the resistance zone got rejected and kicked off Bitcoins fall to our support level at 23k.
Now that we're in our support zone, I expect at least a small bounce or some sideways action before we see our next move. Depending on how bullish Bitcoin is, this is either going to be the bottom, or we're going lower to 21k
BTC.D SECRET: 1 StepAhead on ALTS & BTCHi Traders, Investors and Speculators of the Charts 📈📉
In my previous analysis on BTC , I made an update for the near term based on a fractal from 2018. Incase you missed it, here it is:
Today's analysis is a bit more technical, in a 4min video I discuss the relationship observable on the charts between Bitcoin and Altseason. Pulled up on the bottom left is Bitcoin Dominance, BTC.D which gives an indication of where the most money is going (BTC or Alts). Pulled up in the bottom right is the Bitcoin Shorts (BTCUSDSHORTS). By using this chart with BTCUSDT, it can be helpful to identify when the market is considered overbought or oversold, in other words to observe the general market sentiment.
These three charts together give away hidden information about where the price of BTC could be going next.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSD - BTCUSDT - LONG - BUY - M15an analysis on btcusd, always wait for confirmation and then enter, i am seeing btcusd as a shortterm up towards the target as theres a liquidity
i am not your investment advisor, enter at your own risk and i am recommending anything.
Stay Safe Stay Happy, Please do leave a comment!
EURUSD Breaches Critical Support LevelThe EURUSD price has breached the critical support level of 1.06263, with volume profile confirmation indicating a potential downward trend towards 1.02570. As EURUSD is typically associated with the stock market and the USD value, this development may result in a decline in the SPY index.
Wallstreet Cheat Sheet resemblanceInsane resamblance with the market psychology cheat sheet..
Looking at this we are now at the top of the bearmarket rally after the 'anger' fase and ready to slide down deeper next few months before really sliding into a new bullrun.
This alines perfectly with the fact that the (still ongoing) rate hikes are still to be felt in the economy and earnings most likely being bad next months before things turn more positive macroeconimic.
Bitcoin range trading (NEW)Bitcoin price created beautiful range between 25240$ and 23350$.
The price got rejected at the key resistance a little bit above 25k.
Currently the price is in the mid of the range.
23850$ and 23620$ may be a good entries for long position if the price drops lower.
The target would be the upper boundary of the range around 25100$
Moreover, if BTC price keeps on ranging, it would be a great scenario for altcoins as they would have some time to rise.
If we lose 23300$, we may be looking at 22800 $ as the next level where buyers most likely will step in.