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Bitcoin Best opportunity to buy and Next Target is $200k#Bitcoin Exclusive Update:- $BTC currently trading at $46600 This is Retest zone as per 3D chart. Best Accumulation zone:- $43000-$47000 This is Spot analysis not Leverage call. After this Dip we can see big Move in $Bitcoin Price. And we can see $200k in couple of weeks. Above $40000 I am buying more Bitcoin. Every Big dip = Adding More After Red days we can see More Green days. Target still $200k Support:- $43700/$40700 Resistance:- $58500/$65000 Please Press ❤️ and Spread this Idea. Thank you for your unlimited Love.
COINBASE:BTCUSDLong
by CryptoPatel
33
Bitcoin (BTC) • Strong support base There is general fearful sentiment in the market that is sounding bullish to me and on top of consistent consolidation at lows. Funding rates more or less flatlined and keep going back and forward but swaps been trading consistently bellow spot, specially Binance and OKEX. Which is good news. Futures also showing some strength in the premiums while price marking down. Which suggest that short/hedges are getting closed and/or new longs are taking place. Open Interest is also rising while we marking down. We are likely to see some shakeout moves before starting marking up. The books show significant support base down to 40k confluent with the technical support levels based on swing lows but also monthly and quarterly opens. Overall I think is terrible idea to be short in this market. I'm actually feeling super bullish rn.
COINBASE:BTCUSDLong
by D7R
19
Bitcoin | Consolidating in S/R Range But I'm Still Bullish..!!#BTC (Update) In 4h timeframe, Bitcoin is Forming Descending Broadening Wedge Pattern.. Since 4th Dec Crash, Bitcoin has been Consolidating in 46300 - 51800 S/R Range..!! So far #Bitcoin Bulls Defending the 46,300 Crucial Support & RSI is Also Printing Massive Bullish Divergence. If Bulls Cleared the 51,8k Resistance, Next Stop would be 67,800 In Worst Case, If Bulls lost the 46,300 Support, Expecting Another Lower Low (Bitcoin Might Retest the 41,500 Area) 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..!!
BITSTAMP:BTCUSDLong
by Faibik
11
Bitcoin | Consolidation Phase..!!#BTC (Update) Bitcoin has been Consolidating Between 30,000 - 66,000 Range Since 1st January 2021. On 8th January, Bitcoin Mark its New ATH (41,970) & In Late January 2021, Bitcoin tested the 30k Support Area twice (22nd & 27th January Respectively) Then, Bounced Back Hard & Hit New ATH (64,830) on 14th April (+118% Since 27th January) From 14th April to 20th July, Bitcoin Declined +55% Of It's Value but Bulls Defended the 30,000 Crucial Support. In May, June & July, Bitcoin tested the 30,000 Crucial Support 3 Times (18th May, 22nd June & 20th July Respectively) & Bounced Back like 28th January & Hit New ATH (68,444) on 9th November (Bitcoin Price Surged +130% in 4 Months) Now, again Bitcoin has been in Correction phase since 9th November (+33% Correction so far Since ATH) According to the Most Common Fibonacci Reversal Levels, 38.20% (44,550) is the Last Reversal Level to Watch 👀 In Worst Case, If Bitcoin Lost the 40k Support like 19th May, Bitcoin Might Retest the 30,000 Crucial Support Area. BUMP & RUN Bottom Reversal Formation...!! Three Peaks & the Domed House Pattern..!! Descending Broadening Wedge Formation..!! Bitcoin is Getting Ready for Huge Bull Run..!! 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:BTCUSD
by Faibik
3
Bitcoin (BTC) • Fear is spreading. Good I recommend anyone to take a look at my previous videos where I cover points I didn't cover in this one. but in the one we revisit the technical levels I am looking at and their confluence with what the books are telling at the moment. Reminder that the nature of the books is like a living animal but so far it has been quite steady. What we need to see is that support around 42-40k range to hold well in case we get there. The upper ranges up to the 69k is pretty illiquid at the moment. Watch the video for full details where I also briefly touch on the Options open interest for December contracts. REMEMBER guys... take my videos as probabilities statements and/or useful heuristics to look for when we are making your own trading decisions. ✌️
COINBASE:BTCUSD
by D7R
13
btc 12-12 update~ (35k then 150k?)morning, was taking a deep dive into the micro-wave count, and i noticed something very interesting. we have a vast array of 3's in this local area - indicative of very corrective movement. w-x-y's come in 3's, and that would beautifully explain the price action that we're currently in. ---- >this case would indicate that we have put in our initial 5 waves down already into the Primary Wave (A). >with the final fifth of Wave (A) that played out as a classical expanding diagonal, (one of the rarest moves in the markets). >currently working on a mean retracement into the primary the Wave (B). > [before the final drop into Wave (C) to complete a deep Wave (2) of a higher degree. this would be very bullish if we were indeed playing out a 1-2. wave (2) would land somewhere in the mid 30k range. wave (3) target would be closer to the 150k region into next year. wave 2's are notorious for going deep, to shake out those who aren't expecting it - and to reset the oscillators on the larger timeframes before the massive wave 3 impulse that follows after. ps. >it is very rare to see 4 red weekly candle closes in a row; here's a few that i've found from historical price action. >in 2014 - rallied 100% after >in 2015 - rallied 293% after >in 2016 - rallied 3355% after >in 2020 - rallied 1362% after ---- 👇 👇
B
by Eloquent
13
Bitcoin | Three Peaks and the Domed House..!! Bitcoin (Update) Three Peaks & the Domed House Chart Pattern in Daily timeframe.. According to Three Peaks & Domed House Model, Expecting Massive Bullish Wave towards the 100k in Coming Days (Maybe in Q1 2022) IMO, Last Bullish Wave Coming Before Massive Bearish Trend so Fasten Your Seat Belts.. Keep in Mind that this is Not a Financial Advise, Always Do Your Own Research Before Investing & Always Manage Your Risk.!! 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..!!
Long
by Faibik
24
Bitcoin USD Ready for the super Rush to the bullrun! [LONG]Bitcoin on-chain signals have remained green despite the recent red week. Bitcoin’s price had taken a plunge towards $40K and had brought a lot of losses with it as billions of dollars in long positions were liquidated on December 4th in one of the sharpest declines of the year. Mostly this has brought down a number of metrics associated with the asset but on-chain signals remain resistant. On-chain data all ranging from miner revenues, transaction fees, hashrate, and daily transaction volumes have all shown positive trends for bitcoin. None of this has been affected by the price decline. Bitcoin hashrate had taken a big heat with the China crackdown on mining that took place earlier in the year. The region had gone from providing about 70% of the mining power to almost zero in a matter of weeks, leaving the hashrate to suffer greatly. This has since been rectified as bitcoin miners have found new locations to resume their mining activities. Since then, hashrate has been gradually picking back up and in the past week saw a significant increase. Bitcoin hashrate is up for the past seven days after the first difficulty reduction following ten difficulty adjustments. As the difficulty has dropped, so has the profitability of mining activities increased. Given this, more miners have gotten back in the game and set up their mining rigs once more, leading to a rise in hashrate. Arcane Research also reported that this increased hashrate has led to an increase in block production rate. As more miners come back on board, an average of 6.46 blocks have been created each hour in the past week. This represents a significant increase of 11% in the same time frame. Bitcoin transactions fees have remained low through the past weeks, but there was a recorded increase in fees in the past seven days. On average, bitcoin transaction fees grew by 33%. This growth however does not do much for miner revenue. Even though fees are up, they are still relatively meager and only bring in about 1.7% of the total miner revenues. Average transaction value also jumped in the past week. As investors rushed to sell their holdings during the crash, the average transaction volume climbed by 8.3%. This was mostly due to holders who hold larger volumes moving their BTC to exchanges to sell, not only increasing average transaction volume, but also transaction fees at the same time. Bitcoin daily miner revenues in the first week of December was $52,271,223 compared to daily revenues of $49,975,895 from the previous week. Fees per day, as well as transactions per day, were up at $891,499 and 276,680 respectively.
by Henrywaters
btc 12-7 update~Good morning peoples, One of the mods didn't like my btc update post from last night, and took it down. Still not entirely sure why, he's never even responded to me. ---- anyways, Btc is currently in a daily squeeze, and it's pushing through every technical level I had envisioned for it. This is common during corrective phases, as the market works it's way up to the level it wants to reach before breaking. If this does play out, I'm looking for around 52.5~53.5k as my next area for a short attempt. This area has a massive vortex of confluence, and if it's going to reject anywhere, it's going to have to be from there. 👇 Pushing through this area & holding + consolidating up there for a few days could signify that the bottom is indeed in, and we have completed our primary wave 4 correction through a running flat. 👇 If we do have one more leg down to go, I'm looking for anywhere between 37~34k as the local bottom for our expanded flat target. 👇 no confirmation = no positions for me. patiently waiting from here.
by Eloquent
2
Bitcoin | Descending Broadening Wedge Formation..!!#BTC (Update) In 4h timeframe, Bitcoin is Forming Descending Broadening Wedge Pattern..!! Inside the Broadening Wedge, There is a Bearish Flag Pattern as well so If Flag Broken Downside, Bitcoin Might Retest the $43600 📉 Overall, I'm Still Expecting a Massive Bullish Wave towards the 70,000 in December 🏄‍♂️ 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..!!
Long
by Faibik
10
Bitcoin | Getting Ready for Another Bull Run..!!#BTC (Update) In Weekly TF, Descending Broadening Wedge Upside Breakout Already Done, Retesting in Process 🔁 In Case of Successful Retest, Be Ready for Another Bull Run ✍️ Daily Timeframe Analysis Daily Candle Closed Above the $50,000 ☑️ Now, Bitcoin Bulls Need to Reclaim the MA128 (52,6k) & 53k Horizontal Resistance. If 53k Resistance got Cleared, Expecting Massive Bullish Wave towards the 70,000 & In Case of Rejection, Next Stop would be 40,000 ✍️ 3-days Candle Closed Above the Major Trendline Support ✅ If #Bitcoin Remains Above the Trendline, Still Expecting Bounce Back towards the 64k Major Resistance Area. 🏄‍♂️ 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..!!
Editors' picks
Long
by Faibik
198
HEX no more bearish until...Hex regained BB daily middle line...it is NEUTRAL as long as it keeps support 0.228cents...to start looking bullish ,price needs to retest and close above BB uppper line (which now traveling at 30c ish but closing down) DMI bears and bulls are "fighting" under the critical 25 with ADX line slopping downwards....that shows a clear loss of bear momentum ... In a big ,60,70,80% DIP like HEX had,a recovery is never straight forward .So we do expect some retracments at some point.If price starts to close under 22cents ,next pshilogical target is 20 and the BIG one ,18cents. If 18cents wont hold ,price could retest prior low (14c ish ,forming a double bottom) or it can reach our target 10-12cent zone...that would be a lower low on the grand scheme, with a higher or equal low on RSI (bullish div) This 10-18c zone is a "muddy" zone ,there are some clear bottoming and accumulation signs.
by Sam111
1
I'm not saying it was Tether, but it was Tether.The orange is tether supply, the red is what some people pay for a bitcoin. Understand Bitcoin is a computer program franchise. If you want to run an exchange you can buy a franchise API for a few million and you will have access to the Bitcoin market. A fraudulent market painted by computer coders and their bots at the behest of the secret trillionaire world elite for their personal amusement as they await evacuation to the Mars and Titan colonies. The trillionaire world elite shall watch the destruction of the Earth, which they wrought over millennia to get filthy disgusting rich by flaying pleb dreams alive, laughing at a safe distance in the comfortable surroundings of their space pods. Their children shall populate the stars and spread their DNA across the universe, spawning more idiotic plebs for future exploitation whilst preserving their pure and godly bloodlines. They will see, feel and know things you could never even comprehend. They are Darwin's winners, you his losers. Your sole purpose in existence is to remove junk from the gene pool. You think you can play their game? Prepare to lose everything.
INDEX:BTCUSD
by Deep_Fud
2
Santa rally cooking...After the latest moves there is a strategically interesting structure setting up for the year end flows. Here I am tracking a pullback towards $52,000 support for an opportunity to load for the next exchange. In desperation, late buyers succumbed to the fomo which was buying the highs while sharp hands are taking profits (very similar to our latest ETH charts). Now that the highs have been taken, profit taking becomes apparent. This excellent setup is remarkable not only for the transfer of the momentum, breakout, retrace, breakout, nowadays we consider wave 5 to meet at least the length of wave 1 which will take us at least above $75,000 with extensions (unbelievable) all the way at $217,000.
BITMEX:BTCUSD.P
by ridethepig
12