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BTC/USD: A Christmas Weekend Study FUNDAMENTAL BACK-DROP *Imho, if there was ever a time to expect fireworks, it's right now. *Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery. *US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in price/sentiment through these windows). *"Buy when it snows, sell when it goes." - it's that time of year! **Recent CME event (listing ETH micro futures ) on Dec. 6 **Positive reaction from most recent FOMC meeting on Dec. 15 **Recent full moon phase change on Dec. 20 LOWER-TIME-FRAME TECHNICAL ANALYSIS *Structurally, price is trading within a megaphone pattern (making higher highs and lower lows). This implies high volatility in both directions until the megaphone is resolved. *Certainly trading against some key highs right now (top end of the range). In good shorting/selling location right now for people who think this rally into Christmas is bulslhit. HIGHER-TIME-FRAME TECHNICAL CONTEXT *Price is coming awfully close to triggering a major double bottom , drawn off the 1D chart. (The counter-trend rally high following Dec. 4 liquidation cascade). *$51,995 is the level to watch. I'm officially "uber-bull" if we start closing above this level. *Bullish momentum divergence confirmed ( MACD ) and continuing to build on the 1D chart. -- LIKE THE ANALYSIS? Send me a DM . I'd like to build a community of half decent traders and technicians.
COINBASE:BTCUSD
by bitflip01
1
BTC/USD: Keep an eye on this breakout!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the BTC/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my short BIAS, let’s have a quick look on the monthly timeframe: A couple of months ago, a strong bullish pressure, pushed the price up, as you can see the bullish green candle, breaking to the upside an interesting resistance level, reaching almost the level 70k for the first time. The market is now retracing back and retesting the previous resistance currently turned into support. We still have 22 days before the end of this monthly candle, but overall from this perspective, the market is bearish. Switching to the weekly timeframe: The market broke the ascending trendline that worked quite good as a dynamic support during the last 5 months, and its now retesting the area. The second last bearish candle shows a great shadow, this is a clue that on the level 40k we still could find long pending orders ready to try to push the price up again. Let’s focusing on this specific situation having a look on the daily timeframe: As you can see in the chart, the price has been following a descending channel since the beginning on November, few doji candles are a sign of market indecision, and considering the retest of the trendline on a monthly support zone, there is a good possibility to see a bearish continuation. Finally back to the 4h timeframe: A strong bearish movement to the downside is getting now a correction, forming an interesting flag just around the 0.50% of Fibonacci retracement, a possible sign of market continuation. Considering the overal bearish market, before to plan my short position I will be waiting for a breakout of this pattern, looking for a good entry point with RRR at least 1:2 or greater on the retest of the flag. A breakout of this pattern to the upside would invalidate my considerations for this trade. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
COINBASE:BTCUSDShort
by UnknownUnicorn18552923
1
ETHBTC Forecast based on Cycle HistoryI charted this on 20 May and had not looked at it since. What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ? If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future behavior is past behavior. Thus, I'm a big believer price action rhyming with previous BTC halving cycles. You've probably heard chartists say "history rhymes but never repeats" While I am aware that ETH was just getting started in the markets peak in 2017/2018... and it will likely far outperform BTC, I have charted a conservative forecast mimicking the previous cycle. I've pointed out the previous ATH of BTC and ETH as well as where I think we can expect them in the months to come. The past 2 seem to have been on track in a general sense. Let me know your thoughts
by THE-GERA
3
BITCOIN: BREAKOUT BEARISH FLAG|PRICE WILL CONTINUE TO DROP DOWN?Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
COINBASE:BTCUSDShort
by FOREXN1
17
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective. BTC failed to break its resistance - indicating an inevitable downward movement. Then came Elon's tweet, catalyzing the downward momentum. I don't really think his tweet had much to do with this drop as TA already told us to expect it. I view his tweets as catalysts to what is already expected as per TA. On the chart, I've delayed the time estimated to reach "spring". Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term. My ideal price movement is marked in green. Comments and criticism welcome
by THE-GERA
4