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Satoshi

IS THIS THE BOTTOM FOR BITCOIN???Well would you look at that, a Bitcoin analysis. Opting for the Higher time frames here, from the chart above we have 4 trendlines, all of which have played significant roles in bitcoin achieveing it's current price action. Looking at the trendline that initiated the bounce on November in the year 2011, bitcoin has found itself at the trendline once again after a tiresome year of sideways movement. You could say this is the bottom. Now in march year 2020, a sell-off came about due to the news of Covid-19 which was a life event that threw technical analysis out the window and saw us create a new trend support. Prior to that, Bitcoin took a bounce off the first trend support shown in the chart and went up all the way to our current trend resistance to make a local top of 13.9k before initiating the covid sell-off event, a move which spanned 9months(274days) from local top to global bottom and still managed to close the month just above our Nov. '11 trend support. (Which means it is a strong area of support) Right now, bitcoin once again has hit that same resistance where the local top was made, and is at the trend support from which the sell off eventually closed its candle but is also on the 9th month of the move (but 275 days instead). Should this monthly candle close without making a sell-off to the covid trendline, i can confidently say this is the bottom and that we would see new highs including a cycle top this year by at least Q2. But becareful, some alts still havent reached support, so it is possible that this isn't the bottom. If you agree with this idea, pls make sure to like and leave your thoughts in the comments section. As always, feedback is appreciated.
BITSTAMP:BTCUSD
by RektMyMom
BTC Short Idea - Bearish DivergenceLooking at the daily chart, we see a clear bearish divergence. We've recently broken the downward trendline, which many believe will be a major break out to new ATH. However, looking at the weekly and monthly charts, I still have a strong bearish outlook to the short-midterm timeframe. 12/24 we see a bearish pin bar when attempting to break above one of the rising trendlines. I feel the bulls have a short term victory, but looking at the daily MACD, the latest fall from ATH has brought us below the bullish trendline and has left us below the 0 line marker. As this MACD rises to retest this level, I feel there will be a strong resistance and will bring the market crashing back towards the 30K level. Feel free to comment your ideas, or ask any questions. I have further support for this theory that I did not touch on in this post. Trade with care. Not financial advice.
INDEX:SATSUSDShort
by HODLtheSqueeze
BTC testing 50Week Ma & 50Week SMA!Update of my last post.. Historically the 50Week Ma (Yellow Line) & 50Week SMA (Pink Line) on Bitcoin have been good indicators when showing support and resistance areas and confirming either long continued uptrends or downtrends (Bull or Bear Markets). Currently, unlike previous crosses they are running parallel with each other instead of abruptly crossing one another. Interesting to see where we close this week, definitely a fight between the bulls and the bears!
INDEX:BTCUSDLong
by MDT3
The Bitcoin outlook for the next 4-5 yearsLet's start with the fact I started making forecasts on TradingView a long time ago. Quite quickly (in a year and a half), I became the TOP-1 in the TradingView authors' ranking. This rating was removed in yearly 2021. They promised to do something more interesting. We've been waiting for a half year. The details are in this article: www.tradingview.com This chart that you are looking at, I hope it will be the most legendary chart I have ever made. You've seen a lot of logarithmic charts like this one: It is something different. This is the Bitcoin outlook for the next 4-5 years. For now, I remain number one on this platform, with the most reputations and subscribers. I'm here for the long haul and will continue to do top-quality analytics. So please subscribe. I'm the kind of person who remembers the built-in Bitcoin donations on the TradingView platform. The fundamental reasons for growth: - Limited issuance (some of which is lost); - Taking a large portion of Bitcoin out of circulation (huge demand - no supply = growth); - Acceptance of Bitcoin at the state levels; - Accumulation of a large portion of Bitcoins in the large fund's hands (Bitcoin is a very interesting asset for them); - Continuous dollar issuance (a variant of the fact that it's not bitcoin that's growing, but the dollar that's depreciating); Feel free to write other factors of the crypto market growth in the comments section. I can't write my thoughts in this post about the creator of Bitcoin, its purposes. TradingView has moderation, and this information won't pass it:) In the plans of changing the current financial system of the world: the Bitcoin price raising to the goals, I have shown in this chart. Best regards EXCAVO
BNC:BLXLong
by EXCAVO
69
Bitcoin 1-day classic patternsQ: What has the highest probability of occurring? In April through July Bitcoin lost over 50% of its value, a crash from its all time high of $64,879.80 per bitcoin. There is 1 classic pattern that is validating today. The bull pennant, has tested its pattern high at 50,500 respectively. Using Bulkowski's knowledge on pennants he states, "They perform an invaluable service by marking the midway point in a move 30% of the time." so by this insight we can project a target. This pattern projects 67,500 as the target. Objectively looking at previous structure there are a lot of bearish classic patterns. A substantial number of these failed at the 30,000 support level. Price has supported itself at 30,000 and in August captured the support level ~40,000. 50,000 is a significant whole number and marks the approximate entry point of both the double top and head and shoulders topping patterns in the first half of the year. Since the pennant is not fully validated the current position is neutral with a bias in favour of the uptrend continuing. N.B. the current daily ranges are in the lower half of the distribution of all ranges this year. This indicates low volatility. The rate of change is also approaching 0. This indicates low momentum. Low volatility and low momentum are prerequisites for high volatility and high momentum but are not predictors of direction.
OANDA:BTCUSD
by xciiitradingco
BTC/USD 1DAccording to the analysis we had on August 1, 2021(The first post on Bitcoin analysis on August 1st) You can see that we said that Bitcoin formed an increasing triangle pattern, and if you traded at $ 4,500, you would now make a 24.16% profit. Now Bitcoin is approaching our target, which is in the range of $ 52687. If you are not a risk taker, you can go to the current price or $50799 Quit the deal. In the range of $ 50,000 there is a strong resistance in the picture you can see Like this post and follow the comments of Dehir and Maroo in Trading View.
by armancode2021
Bitcoin Setting Up For $57kAs we all know Bitcoin has been on a tear and what we like about this runup is that it has had healthy pullbacks along the way but most importantly has respected traditional technical analysis along the entire way as well. If we look at the Fibonacci levels I have illustrated here, we can see that is evident in the respect of the fib levels that Bitcoin has done. All 3 levels thus far in the .236, the .382 and now the .5 have all been springboards for Bitcoin price action and now we find ourselves coming up to the next major fib level in the .618. This is key for a few reasons: Number one it means that we confirmed a breakout above the .5 fib level. So even though this seems elementary, it is key in the fact that breaking and holding above a 50% retracement of a swing means that you are almost certainly on your way to test higher prices. Number 2 would be in the fact that Bitcoin will be inside of the Golden Fibonacci pocket once breaking the .618 level at $51083. If Bitcoin breaks out of this golden range once breaking the .618, a test of our next Fibonacci level will be imminent and that leads us to my next reason. The .786 Fibonacci level at $57139, or better known as one of the deeper retracement levels of the fibonacci sequence, is a VITAL area in the fact that the .786 is the area where most traders will take profit. As someone who trades using Fib retracement often I can say that my respect for the .786 Fibonacci level is tremendous. In fact it is the same level that I myself often will take profit when trading by closing 75% to 80% of my position. This is also the level where LOWER HIGHS are often formed. Lower highs as we all know are major bearish indicators. Now keep in mind that a lower high at $57k is not something I am expecting, but as a trader I am aware of the nature of this key fib level and must warn others due to the fact that this level could be the level that Bitcoin looks to test this week IF our golden Fibonacci pocket is to be broken between $51083 and $52236. The signal to watch will be a holding of this $50124 price level overnight (here in the US). If this level holds on the hourly time frames, a breaking of the .618 fib level will be likely and this is where the game will begin. In the meantime, this $50100 price level we are at currently appears to be a nice entry for this trade with stop losses just below $48800, $47800 and lastly $46800. I personally would be having limit buy orders waiting around $46800 and $46900 rather than selling. I am an aggressive trader but I would advise folks to be somewhat the same as bitcoin is much more bullish right now than bearish and striking while the iron is hot could prove to be very wise in the future.
Long
by TradeVibez
1