Bitcoin LTF breakout and Target could be $46000#BITCOIN
$BTC currently trading at $44100
Breaking out Resistance in 1H time frame.
Above Yellow TL bullish toward $46000
$44300 is also Resistance in LTF
Bullish above $44300
1H candle also closed above Yellow TL
Let’s see $44300 resistance break or not.
Keep an eye on this level.
Support:- $43300
Resistance:- $44300
Xbt
Bitcoin 1 Week V/s 2 Week chart Analysis Update#Bitcoin Normal Overview:-
#BTCUSDT 2 Week chart :-
As Per 2 Week chart 50 EMA working Strong support level.
#BTCUSDT 1 Week Chart :-
As Per 1 Week Chart 50 EMA Working as Resistance.
If 2 Week candle close above $44000 then Good For More Upside move.
Next Weekly candle close in 5 Day 16 hours.
Otherwise we can see $41500 level.
2 Week 50 EMA Support = $35629
1 Week 50 EMA resistance = $44167
Bitcoin 25% up from our entry and Still Target is $70k#BITCOIN
= $BTCUSDT trading at $44200
= Daily Already closed $41500 as I mentioned.
= Big Bearish Sentiment is Now over.
= You can Book profit or Move Stop Loss at $40840
= Target Still $70000
= Time Frame for Target could be $end of April/May
= Already did 25% from entry and 35% from Bottom.
= Keep an eye on $41500 Support level because Strong Resistance Became now Strong Support level.
Support:- $41500/$38700
Resistance:- $44600/$51000/$61000
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❤️❤️❤️
Bitcoin | Channel Breakout & MACD Bullish Cross..!!
#Bitcoin (Update)
3-days Candle Closed Above the 41k Crucial S/R Level..✅
Descending Channel Upside Breakout Confirmed..✅
MACD Bullish Cross has Also Confirmed.. ✅
Send it Back to $70,000 🏄♂️
In Weekly timeframe, RSI is Printing Massive Hidden Bullish Divergence..
Bitcoin Bulls Defended the Weekly EMA100 (35.7k) & Now, Need to Reclaim the EMA50 (44,140) for Further Bullish Wave..!!
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Bitcoin Re-Distribution in Progress what Next..?Hey folks,
Everyone is posting their view through an idea then I thought I should also post my idea( bias) for you guys.
Lol, sorry! that's not the truth. Let's read...
Sharing my perspective on the recent rally like what things am personally looking and considering right now to reach a final conclusion in trading.
After the huge dump or we can call it correction not sure about these phrases, the market created supply on the upside in HTF as well as LTF.
After forming a bottom at near 33k, the price showed some strength. Some up-downs and currently at the time writing this price is in the weekly supply as well as in the multi-timeframe supply zones.
So what am saying is, we are not sure if this rally is to just fill some supply sitting on the upside or price is going in discovery mode again while continuing its bull run.
The fact is am not mentioning any ultra hyped view for both sides in this idea because we are focusing more on the current situation like where we are at currently and what gonna be next for the upcoming days.
what you can do is, instead of believing in any biased target, watch yourself and trade accordingly.
Sharing the two high probable scenarios of the current market while considering many factors about the market.
Yeah! I guess that's enough, haha.
Like and share with your mates.
Love From #CryptoPatel
Bitcoin Breakout Resistance now Ready to $51000#BITCOIN
$BTCUSDT trading at $41400
Daily closed above $41500
But Still waiting for More confirmations which will clear above $42500
But Keep an mind $38700 and $36900 level for Retest.
BTW already Broke out Big Resistance mean Bearish Sentiment is Now over.
Move Stop Loss $36200
Now Target is $70000
Imo Time frame will be end of April/May
Support:- $38700/$36900
Resistance:- $41500/$51000
Bitcoin | Rising Wedge Formation & EMA100 Resistance..!!
#BTC (update)
Rising Wedge Formation in 4h timeframe Chart.
Bitcoin Bulls have been Struggling to Regain the EMA100 Resistance (38,7k)
Volume has been Continuously Decreasing from last 12 Days.
If Wedge Broken Downside, Bitcoin Might Retest the 35,600 Support Area.
In Bullish Case, If 4h Candle Closed Above the 39k, Expecting Bullish Wave towards the $44,000 📈
Bulls Need Strength to Clear the 39k Resistance Area..!!
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Bitcoin | Descending Channel Consolidation Continues..!!
#BTC (Update)
Descending Channel Consolidation Continues..
EMA30 (40.8k) Acting as Key Resistance since 16th November.
RSI is Breaking the Multi-Month Bearish trend..
If Daily Candle Closed Above the 41k, Expecting +30% Bullish Wave in February, Buckle Up Bulls..
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40ozgood afternoon,
btc is currently in a pretty tight squeeze
the order books are packed out with large buy \ sell orders in this local range.
one side is going to lose, and a big move is going to take place.
my bias is a move up to 40~40.5k
might stay in this squeeze until tonight before it pops.
----
it could very well break down as well, so a tight stop is in place near the bottom of yesterdays daily low.
ps. if you have followed along for awhile, you'll know what the hammers on my chart indicate.
🔨🔨🔨🔨
#BTC, Weekly closing today and not looking bad#BTC
Weekly closing today & not looking bad
Potential SFP while have been trying to go for the weekly high over the last 24hs (🤞)
On the daily, still looking for a test of the ~40k region
Reaction from that area will give a better idea if this was or not the "bottom"
#BTC
Bitcoin (BTC) • Macdonals Applications are OpenWe just hit another major support level. Those doing "buy the dip" kind of strategies this seems great opportunity to add to the stack for the long term. I'm certainly buying here.
Can we go lower? absolutely. The break of the 40k came faster than expected and open the door for other lower technical levels as we continuously don't see strong fear or bearish sentiment in the market.
Volumes on the Weekly and Monthly charts remain unimpressive they don't scream "the bottom" but one important note is that the books on the sell side are extremely thin and this could equally shoot up and leaving everyone behind.
Futures are starting showing signs of bullishness but not fully there yet wee need more consolidation and keep sweeing swaps trading bellow spot more aggressively to affect funding rates favourably to longs.
We also still missing bullish divergences in most timeframes as well as breaking some structural trendlines on top of price or even the RSI.
A reminder that my views are just hypothesis and they are obviously subjective so take everything I say with grain of salt.
If you interested in getting access to same scripts I use myself use the link down bellow in the signature for exclusivity and paid access OR alternatively check my published script library where you will find plenty of free scripts.
Bitcoin Short Term update#BITCOIN
-$BTCUSDT trading at $37000
-Not Bullish until cross $41500
-If breal $41500 then Most Probably it will hit $70k
-But If any Long Positions then Stop Loss is $32900
-If break $32900 then we can see New Low.
-If Break $32900 thej High Probably $BTC can touch $29000
-But Now range bound.
Support:- $35000
Resistance:- $41500
We call this Max Pain First we pump to damn near previous ATH.
Retail who is currently panic selling and shitting their pants are in disbelief, they FOMO in and provide us with exit liquidity.
We proceed to print a nasty head and shoulders on the weekly and then its goblin town.
The past, the present and the future occur simultaneously.
Everything that is always has been and always will be.
As always, my memories are from the future.
We'll talk again when time catches up.
Bitcoin | Finally, Bulls Showing Some Strength..!!
#BTC (update)
Bitcoin Bears have been in Complete Control but Yesterday Bulls have Showed Some Strength..
9th TD Buy candle Spotted in 1D timeframe..
Expecting a Relief Rally towards the 40k S/R Level..!!
Weekly Candle Closed Above the EMA100 (35.5k) & inside the Channel 📈
FYI, Bitcoin had lost the Weekly EMA100 just 3 times in Past 9 Years..
DEC 2014 : -59% in 5 Weeks
NOV 2018 : -46% in 4 Weeks
MAR 2020 :-45% in 2 weeks
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BTCUSD: 50W MA Says Bear Market May Be UnderwayHey All!
The market seems to be stuck in a weird spot!
Using past data and history, i found a shocking similarity between now and the end of the other 2 bull runs.
Put simply:
Price tops.
Price drops down to 50W MA.
Price bounces off 50W MA.
Price falls back down to 50W MA.
Price breaks 50W MA and tests it as resistance.
Bear market begins.
The ONLY difference now, is after BTC bounced off the 50W MA the first time, it made a slightly higher high than in the past two bull runs.
Besides that, using this logic, BTC is currently in a bear market.
Using major support levels, 38k MUST HOLD or theres much higher chance it is bear market (Using TA).
As always, this is not financial advice, just simply sharing my opinion for entertainment!
Please comment and like!
Thank you!
Bitcoin | All eyes on 31,800 Crucial Support..!!
#BTC (Update)
Bitcoin has been Consolidating in Channel from last 12-months.. (+50% Correction so far Since ATH)
Now, All Eyes on $31,800 Support 👀
If Bulls Held the Support, expecting Bounce Back like did in late July 2021.
C'mon #Bitcoin, Repeat the Cycle..!!
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Bitcoin's historical trend is comparedThe xbt is a bitcoin futures contract launched by the bitmex, and I chose him as the analysis target because his data was adopted by the cme. In this market with hundreds of exchanges, the price of the bitcoin is defined differently, and we have to find a relatively stable reference, so I chose the xbt as the analysis target.
xbt biggest problem is his short timethere is limited history we can refer to.
But in the past four years, lithium, bitcoin trend, can still find some valuable reference.
Compared to the current position, we see that this is a big level decline, and in history, there are three same trends, from June-December 2018, June-December 2019, April-July 2021, and now, from November 2021 to now.
Among the four trends, the first three times are six months, six months and three months respectively, which is very conspicuous. If the first two times are defined as a major level adjustment, then April last year is the secondary level adjustment.And now is it three months old, or six months old?
In theory, after falling below ma144, the market should rebound and confirm, then decide direction.Now look, the first two have appeared a significant rebound, however, once again down the trend.But the third time did not appear, and this time, there was a rebound in ma144 in December.
If we believe in the rules, then the situation looks more like the one of the previous two than the one of April last April.
The first two final adjustments were 12 months and 9 months respectively, meaning that they took the abc triple-wave structure respectively, and the final adjustment goal was to step back to confirm the ma144-week line support.So now it may be at the end of the first wave of decline, but even into the bottom stage, it doesn't mean that buy now can profit, maybe there will be a bigger drop here, may shock for a period of time.So the best strategy to avoid risk is to wait for the right signal to buy, rather than predict price lows, and wait for a rise after buying.
Tip, the above analysis, only with the chart as a reference, does not involve the fundamentals.
Two Scenario Based on the current economic situation, plus the movements in the equities there are possibly two scenarios here. We know that Bitcoin has followed equities market for a few years now.
If you want evidence of this, just compare Nasdaq or Dow over Bitcoin and you will see Bitcoin followed most of the moderate to big moves of equities.
Based on the MACD for the 1-Month, if we cross into a bearish territory, we can see bitcoin fall below $25,000 or further. There might be the possibility of a head and shoulders forming as well.
Scenario 1:
- As we suspect a bear market due to interest rates, tapering, and shrinking balance sheet.. bitcoin will most likely follow equities in a steep sell off.
Scenario 2:
- In this scenario, we can see a selling with equities but if people somehow believe Bitcoin is a safe-haven than we can see money move from equities into crypto. This is not likely as most investors aren't very keen on the stability of bitcoin. March 2020 probably shocked most investors with Bitcoin losing 58%. Truth is, the rally in Bitcoin comes as the same time as the rally in equities, so it begs the question, was it investors piling into a "safe-haven" or just the Fed? I would go with the latter.
Between the two scenarios, the 1st seems the most probable.