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BTC/USD - SHORT SZENARIOS - ANALYSE – DThe "BTC/USD" is in a downtrend since Nov – 2021, and it is obvious that we can expect a further - final sell-off if necessary. -> The coupling of the traditional markets to the BTC is very high because of the institutional investors (example: S&P500 falls = BTC falls). -> In which key areas we can expect a local bottom, I will analyze in more detail in today's post. -> For this, we will look at the "BTC/USD" from the daily view and integrate elements of the daily, weekly and monthly chart. table of contents - 1st part = EXPLANATION - indicators used + levels. - 2nd part = SCENARIOS - pro + con breakdown - 3rd part = CONCLUSION FIRST PART 1. FIBONACCI RETRACEMENT . For this Fibonacci retracement, we take the movement, which started in - March/2020 - and ended in - Nov/2021 -. -> 0.786 FIB = 17,738.75 USD | Completed -> 0.88 FIB = 11,608.27 USD | Pending processing > As "BLUE + dotted" lines - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - Dec/2018 - and ended in - Nov/2021 -. -> 0.786 FIB = 17,246.82 USD | Pending processing -> 0.88 FIB = 11,057.51 USD | Pending processing > As "BLUE" lines - drawn in the chart. 3. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - May/2022 - and ended in - Aug/2022 -. -> 1.618 FIB = 12,931.80 USD | Pending processing > As "orange" lines - drawn in the chart. 4. DEMAND ZONES | The demand zones formed at the beginning of the upward movement, thus they were created and in - June-Oct/2020. -> WEEK ZONE | 1 | = 9,825.00 – 11,720.01 USD | Pending processing -> WEEK ZONE | 2 | = 8,833.00 – 9,345.00 USD | Pending processing -> DAY ZONE | 1 | = 9,825.00 – 10,681.87 USD | Pending processing -> DAY ZONE | 2 | = 9,047.25 – 9,221.52 USD | Pending processing > As "GREY" areas - drawn in the chart. 5. | POINT OF INTEREST | The points of psychological interest, were created the first time Nov - 2017 - and showed some reactions since then. -> POI | 1 | = 16.000 USD | Pending processing -> POI | 2 | = 14.000 USD | Pending processing -> POI | 3 | = 12.000 USD | Pending processing -> POI | 4 | = 10.000 USD | Pending processing | POI should be used as support in the upcoming situation. | POI is used as ZONE -> no point exact support. > As "Orange" line - drawn in the chart. SECOND PART . As soon as the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level. 1st | SCENARIO | BOTTOM - at around 16,000-17,250 USD (Unlikely). What speaks in favor of: - "BREAK OF THE SIDEWAYS TREND CHANNEL" - "FIBONACCI RETRACEMENT (1) + (2) | 0.786 + 0.786 FIB" - "LIQUIDITY HUNT + this idea must be supported by the DXY + S&P500! = DXY rises + S&P500 falls What is the argument against: - "POINT OF INTEREST (1-4) - "FIBONACCI RETRACEMENT (1) + (2) | 0.88 +0.88 FIB" - "USD (DXY)" = further depreciation - "S&P500" = recovery and no market crash 2. | SCENARIO | BOTTOM - at approx. 11,000-13,000 USD (Very likely) What speaks for this: - "FIBONACCI RETRACEMENT (1) + (2) | 0.88 +0.88 FIB" - "POINT OF INTEREST (2-3) - "SUPPLY ZONES | D1 (1) + W1 (1)" - downtrend lines serve as support + this idea must be supported by the DXY + S&P500! = DXY rises + S&P500 falls What is the argument against: - "POINT OF INTEREST = Existing liquidity cascade (4). - "SUPPLY ZONE" = D1 (2) + W1 (2)" - "USD (DXY)" = further appreciation. CONCLUSION . At the moment, it is impossible to say what the exact scenario for "BTC/USD" will be. The correlation relevant for us to make decisions is as follows: - DXY (USD) is currently like a kind of indicator of fear in the market, with which it controls the S&P500. - The S&P500 is currently at a very relevant level (3,600 points), if this breaks sustainably (with confirmation), we will see a strong sell-off in all markets - market crash! - Should this market crash occur, then this will also have a significant impact on BTC. (Liquidation cascades of stop loss orders and fear from retail market participants.) = The marked levels should have large order blocks ready, which will consume this sharp sell-off within a short period of time . -> As soon as the BOTTOM formation crystallizes, I will upload a detailed LONG execution. -> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to see a review of it . Thank you and a successful trading! The following image should show you where the support line comes from:
Short
by ZielIstDieAutarkie
3
#ICP HAS BEEN Busy REALLY BUSY WILL IT LADDER up the way it came down probably not to new all time highs any time soon however I would not count this project out… They have been working hard… They don’t about the price, they award the developers for building with grants, they have so much going for them… they are the efficiencies are across the board compared to any other projects in blockchain technology today… these rate the facts… CURRENTLY THERE IS ETH BTC AND NOW ICP IN THERE OWN CATEGORIES. BTC USED TO BE FREE … ETH USED TO BE HKEX:10 WELL ICP is might be one of these technologies … DYOR DCA SAFELY…
COINBASE:ICPUSD
by Jonnycatx
Bitcoin Surge Imminent: The Breakout You Can't Afford To MissBitcoin may have a moment of Deja Vu as it revisits the $30,000 round number. This low was formed in January 2021. It also held as support between May and July 2021 before price went on to create record highs of almost $69,000. A descent followed over a few months and in May 2022, price returned to the $30,000 round number. This level acted as support for a few weeks, and then in early June, there was a break and close below this level on the weekly timeframe. An area of consolidation was formed between $15,500 and $30,000, which price needs to break out from before we get a clear indication of the direction it will head next. A break below $15,500 would likely be followed by further weakness. A break above $30,000 could indicate the resumption of the long-term bull trend. Within the consolidation zone, the weekly 200 simple moving average has acted as resistance. Price has now broken above it, which is an early indication of further potential strength. But we need a break above the all-important $30,000 level. Should we see a breakout in Bitcoin, we must be prepared for the strong impulsive moves in the market across most crypto coins. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITFINEX:BTCUSD
by Sublime_Trading
#btcstarburst Bitcoin… More pain?There is always pain… nothing has changes still on track to make the massive cup and handle… The FED will do their thing… And BTC will do its thing… Resistance becomes support and vice versa… Rinse and repeat. GANN study. The market is dangerous. AI is going to make it even more unpredictable long term, trading against it will become impossible at times… The market has changed. There are more users, mobile devise more platforms, smart AI working against you. This is just the beginning. This study has been ongoing for two years plus… Will the halving really change the market movement or is this just a coincidence…Timing Watch as BTC comes back down the river…. This opinion based of a study
BINANCEUS:BTCUSD
by Jonnycatx
1
ADA/Cardano BINANCE USDTI have sell orders at .40 . I think bitcoin has its last bull-trap before it capitulates, and that last pump will bring ada to minimum 40 - .44 . It hit .37 with bitcoins last fake outs. After I sell. I'm waiting till Bitcoin capitulates and alts follow to buy back in. At the real bottom. Short term Bullish Long term Bearish. Everything will follow Bitcoin when the bears arrive. This is not financial advice. These are my own opinions. Thanks . Follow for more ideas. My favorite coins are: ada btc eth dot xrp shib doge . Trade at your own risk and study the markets while using risk management !
by lupolanco
1
RUNEUSDT DOUBLE BOTTOMAfter we break even, now we see two bottom patterns forming. You can enter earlier on the black line but we will be waiting for the green line which is the last entry point of course. Don't forget your stop loss. This is not financial advice. Our record state… #learnitdonttradeit {We only use X50 leverage for all our trades with the same capital per trade, however, we don’t post financial advice, make your own research, please!} Trades posted - 6 Entries hits - 3 Stop losses hits - 2 Targets hits - Open trades - Accumulated profits - Accumulated losses - 87% Canceled/missed trades - 3 Period - First month - 1st month C & QP & QL - $5
Long
by ololadenoni
1
The euro perspective of bitcoin: 16k versus 8kTLDR: attempt to long around 16k-17k with stop at 15k, switch to short if under 13k -- Area around 16k EUR is likely to be at least a local bottom, given: -strong confluence of fibs -technicals entering oversold zone -symmetry of a lower degree: -73% correction -close to major top of 2018 -coincide with volume profile wedge, albeit a small one A rebounce could be produced in the short term. However if BTC keep sliding, either directly or after a rebounce, the next meaningful support will probably be found around 8k-9k, due to: -huge volume profile wedge -symmetry of a higher degree: -85% correction -some confluence of fibs Risk assessment: if stop hit, loss will be ~10% depending on entry price.
by EuroStockOption
Potential reversal of BitcoinBefore starting an another bitcoin prediction i want to make it clear, I have been long from 19k level and bought some altcoins as well like Theta, Chainlink and Avax, I am okay if btc does another leg down. I have only invested small portion of profit which i did last May 2021. BTC is either collecting orders at support level or taking a break for another leg down. However my estimation is bull up for upcoming reasons Fear and Greed Index, Whenever Fear is lower than 15, it is a good time to go long, whenever greed is higher than 80, prepare to drop your bags) 20k zone, This zone was a peak of 2017 bullrun and so many investors are either going for BE or adding to their position. BTC is making HL, each pullback is leaving higher HL on the chart, this means BTC can go parabolic on potential bull run. Despite of high FED interest and high inflation, markets did not give up as much as Covid panic, this makes me thing that maybe BTC is outperfom rest of the indices. Wish you all the best luck guys. Risk management if we break 26k i will bring my SL to BE which is about 19k, same goes for my altcoins as well. Good luck
Long
by FaradayCosmo