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Bitcoin Short term Bull Flag in LTF so what next..?#BITCOIN Short term Update: #BTC currently trading at $55400+ And now trading range between $53800-$56000 This is important zone for short term. Now what will do..? So guys this is Bullish flag in 4 hours chart. We can expect some downtrend towards $49000 But but but More probably also breakout upward side. So if Breakout $56634 level then Ready to the moon and Target will be $70000 So wait for breakout. So in simple way scenario :- If breakout $56634 then ready to $70000 Otherwise we can retest support at $49000 Support:- $54898/$53500/$49000 Resistance:- $56634/ Moon 🚀 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by CryptoPatel
4
Bitcoin: Introduction & Long Term Overview ChartWe recommend you use the scale on the right and bottom of the chart to ZOOM IN & OUT on this chart so you can view everything correctly. We have also linked a idea at the bottom, which was our original Long Term Levels idea. ___________________________________________________________________________________________________________________________ What is a Bitcoin and why is it useful? Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks, and not subject to full government control due to its design. Bitcoin can allow you to store or send money at a relatively cheap & fast speed anywhere across the world. And is being accepted at more and more merchants as a form of payment week by week. Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer or on other devices. The wallet is similar to a virtual bank account, except the user has full responsibility of the security of their own account. The current global financial climate is showing more and more governments printing money, leading to inflation and weakening of the US Dollar, which is the worlds major currency. If the financial markets crash, and assets are sold to US dollar, which is also weak (inflation and money printing means every 5-10 years the amount you can purchase with your dollars is actually smaller) so that leaves few options left for investors and speculators as well as businessmen and organizations who want to hedge risk; which are Gold, Silver & Bitcoin. markets.businessinsider.com ___________________________________________________________________________________________________________________________ What is a Bitcoin Halving? www.thehalvening.com For every block a miner adds to the blockchain, they are rewarded with a certain amount of Bitcoin. (Think of the blockchain almost like the full transaction sheet of your local bank, in a digital database. Except the transactions (which are on the "blockchain") are publicily viewable and fully transparent, that is basically what Bitcoin does.) There is a maximum of 21,000,000 Bitcoin that can be created. Satoshi Nakamoto wrote into Bitcoin’s code that the supply of new BTC awarded to miners is halved every 210,000 blocks, or roughly every 4 years. For this reason, Bitcoin halvings are important milestones in Bitcoin’s timeline and greatly affect the price over time. After the Bitcoin Halving in 2020 Bitcoin started to repeat its trend of increasing in value. Decreasing Bitcoin supply increases scarcity, which historically leads to a increase in value. For more information on the Bitcoin Halving you can visit the above website it also has a useful countdown which gives us a estimation of the next halving in May 2024. ___________________________________________________________________________________________________________________________ Identifying Potential Support & Resistance Areas For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the latter. When price reacts to the same area multiple times, it can form potentia Support and Resistance areas, these are marked in different ways by different traders/investors, on this chart I have used Horizontal, Diagonal forms of Support & Resistance which are marked in the chart graphics. It takes two touches to form a resistance as a rule of thumb, with the 3rd reaction being the confirmation touch. On the higher timeframe charts such as the Monthly, Weekly & Daily these areas can become quite important. Every time the price touches a Resistance or Support area it usually becomes weaker and after many touches we can see the area fail to hold, or a breakout above it. So you can look back on this chart in the future to see the important areas we can POTENTIALLY react to later on. Below I will explain how you can copy this chart and add it to your own Trading View for personal use. Marked in light blue are the closest RESISTANCE levels for Bitcoin on the bottom chart. ___________________________________________________________________________________________________________________________ Using the Fibonacci Tool: The Fibonacci tool is usually drawn from one key swing point to another - and gives us potential key levels to watch. It is quite common for the price to come up to the 0.618 Fibonacci and decrease in value, rejecting from there, with the latter being a bounce from the 0.382 Fibonacci level. The Fibonacci tool is basically a mathematical equation that gives us important areas marked as lines on the chart, it is common for the price to reach these areas before reversing in the other direction, or piercing through them and confirming "Support" before continuing to the next Fibonacci level. We drag the Fibonacci Retracement tool from different major swing high to swing low points, then double click on it to add our Extension levels. -Price often has a thrust towards the 1.272 or other .272, .382, .618 extensions before a rejection occurs The .618 Fibonacci ratio is referred to as the "Golden Ratio" there is a special relationship between the Golden Ratio and Fibonacci Numbers (0, 1, 1, 2, 3, 5, 8, 13, 21, ... etc, each number is the sum of the two numbers before it). So, just like we naturally get seven arms when we use 0.142857 (1/7), we tend to get Fibonacci Numbers when we use the Golden Ratio (.618, 1.618 etc) and traders are drawn towards these areas. We have marked the above extensions on the price chart so in the future we can see if we find potential trade opportunities off these important psychological areas, which become a form of Support & Resistance. ___________________________________________________________________________________________________________________________ IHow to copy this chart for yourself:/b] At the bottom right of the idea, there is a small icon that looks like a horn. Click on the horn and then click, "Make it Mine", this will save a copy of the chart to your screen so you can observe the same price levels i have marked in the future. You can then go to the Layers Tab (bottom right of screen) to delete certain parts of the drawing to make it more presentable. I hope you enjoyed the idea and found it insightful, if you did you can show your appreciation by Liking & Commenting, thank you!
BNC:BLX
by Worth_The_Ri5k
BTC's largest correction on the waynot gonna waste your time. here are my reasons: 1. weekly regular negative divergence 2. a very important support is broken and the pullback seems to be completed 3. RSI signal also broke a very important support 4. RSI below 60 + MACD crossed for bears simultaneously (after a long time) 5. the price action hasn't touched weekly EMA21 for a long time so I'll be short on BTC from $54400 TPs: $45500 and $39K SL: $56100 what did you say? Elon Musk? I don't trade based on tweets! :)) he will sell his bitcoins once they reach $100K and he can afford the time, I can't. you shouldn't trade anyone's signal unless you understand it and believe in the same! I'm not paid for these things I say! so don't even think about them as a financial advice, as they are not! just expressing my thoughts to contribute with others, learn from their comments.
KRAKEN:BTCUSDShort
by honarparvar
Bitcoin: Hot Potato Until Support FoundWe can see the Moving Average (99) is acting as a strong resistance. Since we lost all of the obvious trend line supports, we're in choppy waters until we find support and establish a bottom. It's basically a game of hot potato or musical chairs right now; therefore, definitely not a time to be bullish. I wouldn't adopt lofty price predictions while fund managers and early buyers take profits at your expense (and then buy back at realistic support zones). Protect your capital; if you're going to trade at this point in the cycle, make sure you use a stop-loss. If you are purchasing to hold long-term, use dollar cost averaging as your buying strategy at every major dip. I'm using ghost bars as a price prediction in case anyone asks what I think; but mostly for my own amusement to see if I was close or not. Good luck.
BITSTAMP:BTCUSDShort
by Nasgeth
10
Bitcoin | Bulls Defended the Support Area, What's Next ?#BTC (Update) In 4h timeframe Chart, Bitcoin Bulls Nicely Defended the Strong Support Area (51000 - 51800). At the Moment, Bitcoin Looking Bullish & If Remains Inside the Channel, It might Retest the Descending Trendline (56800) Daily Candle Closed above the MA50 (51255) ✅ Still Bitcoin is in Safe Territory & Bounce Back anytime So Buy the Dip 😊 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITFINEX:BTCUSDLong
by Faibik
Bitcoin Next move towards $33000....?#BITCOIN Current Trade analysis:- #BTCUSDT currently trading at $52200 I already told you if break down $54000 support then we can see bearish mode. And now #BTC is bearish mode. And wend down to $50800 and now again bounced back from $6000 support level. Now...? Still I am bearish below $54500 But If break upward $54400 then we can see again $60000/$65000 And $75000-$85000 Target only possible now when it break $62000 So Don’t panic if you still holding #Bitcoin. I am personally suggest don’t panic above $50000 Yes Below $50000 our first Target will be $45000 and after $38000 and after $30400 Please click LIKe button and appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Short
by CryptoPatel
10
The Musk effect is waning Yesterday the world's wayward richest man,Elon Musk, said Tesla would accept bitcoin as payment. The market rebounded, though much less strongly than the last time he bought bitcoin. I think Musk's acceptance of Bitcoin as a payment currency is a bit more of a show off. You know, he's always been a showman, and in this day and age, showmen are more likely to be noticed. But what is Bitcoin? If it's digital gold, how many people are willing to use gold to buy goods? If it's a currency, with that volatility, how many people would accept bitcoin for payment?
BITSTAMP:BTCUSD
by peter-l
1
Bitcoin Small Time frame Technical Analysis Update#BITCOIN LTF Update:- #BTCUSD currently trading at $55700 Satoshi And last BTC analysis I told you to buy Bitcoin at $53500-$54500 Now you are in Profit. So guys Still I am holding My BTC. Stop Loss:- $52800 Key Point:- Now $58100 is very big resistance. If BTC breakout this resistance then clear way toward $74000. This time if breakout $58100 resistance then $74000 otherwise we can see again $52000 Support:- $52300/$48000 Resistance:- $58100 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
BITFINEX:BTCUSDLong
by CryptoPatel
10
Bitcoin: MA99+TL Break And Failed RetestPublished this idea yesterday where the second red arrow is, but it was hidden by a moderator and I was given a warning because it had a twitter link to a chart image in the description. Seems a bit harsh, but whatever. Reposting the idea exactly as it was but with the twitter link removed, for posterity. You can see what happened when there was a clear break of the Moving Average (99) and trend line support on February 21-22; it's the same setup now, and history often repeats itself. Under these circumstances, the risk/reward ratio for shorting is highly favorable. Personally, this is the only scenario where I would even consider shorting in an exuberant bull market. More importantly, sentiment has shifted to the negative side, which backs up the trade even more and makes it less likely to be a bear trap (always set a stop-loss; the placement should be obvious). Fundamental analysis always takes priority over technical analysis. Here are the key points to back up the negative sentiment at the moment: Coinbase under fire for shady trading practices; fined by the CFTC for self-trading. Coinbase delayed their direct listing; plan currently under review by the SEC. GBTC no longer trading at a premium; now at a discount. Bond yields keep rising. It's March. This is historically a bad month for the market. The pandemic is winding down as more and more people get vaccinated. If the pandemic sparked this wild bull market, what happens when it's over? The first three points are crucial. Coinbase is the go-to exchange for institutional inflow of capital in the US. It is supposed to be the holy grail of all exchanges, and now they've lost a great deal of trust. Any institutions on the fence will now think twice about entering this market. This spells trouble for the current price in the short to mid-term. GBTC trading at a discount indicates a lack of demand from institutions.
BITSTAMP:BTCUSDShort
by Nasgeth
2