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Bitcoin - No Trade ZoneCurrently, Bitcoin is in a No Trade Zone in my opinion. I don't see a great signal in either direction. I would like to see BTC move up to somewhere between 45-47k next but could definitely see the possibility of it falling to the 18-20k area just as easily. When trading, I suspect that most people lose money easily in the midranges where the price action is chopping back and forth without any good signal of where it may go next. There could be many fakes in either direction up or down and the next move may just be an initial 'spring' to get traders offsides before it moves in the opposite direction with greater strength. I think the safest play at the moment is to wait until the price reaches 45-47k Resistance or 18-20k Support. After that, you may be able to make a much safer and more profitable entry in anticipation of the next move from those levels. Good luck and happy trading!
KRAKEN:BTCUSD
by JoelRBishop
ETH, Trying To Read This Chapter Of The StoryReality check once again for the whole market, always having to learned it the hard way, but i will leave the psychology part for my Bitcoin analysis. Past days have been some shitty correctional movements, not making clear yet whether this is a correction of the big drop we had past weeks and eventually continue to drop even more (meaning potential bear market). Or that we are in the middle of a correction still of the big bull market rally that started a 6/12 months ago. Meaning we are at the final stages of ending the big ABC correction i talked about past 2 months for Bitcoin. First of all, the thick black line is to me the main trend line for ETH. This one can not break, because it would increase a lot the chances that the bull trend has really ended. The drop we saw past week was pretty big and violent, not rally fitting the picture of a bull trend, but this is crypto and things get exaggerated a lot on both sides, so keeping options open because of that. One has to draw the line somewhere and for me the end of the road is that thick black trend line. Hard part is, as you can see price dropped below it twice even, second time even way below it, but it never had a daily close below. So when do you know it will close below it? Well you can't until it really closed, why trading markets can be so mean and is very difficult. The blue zone on the right, even if the market is in bull mode coming year or longer even, i would then see that part as smart money taking advantage of a rally going too fast and too high. As if they see that as a big advantage, getting a very big price for something that it's not yet worth it. Obviously also having the volume to push prices back down to buy back cheaper. Just imagine, if you bought at 1000/1500 and your getting 3500/4400, if you rebuy the X amount of ETH back around 2000/2500, you actually have that same X amount of ETH for free, so whatever happens you can never loose any money anymore. There is more to it, but too much to discuss now. Now the chart on the left, this is where i try to determine what the story is for the coming weeks/months. Few days ago i posted that bearish wedge of ETH, but that it seemed as if bears were failing to make it drop. Giving the impression that it would do a breakout up but at least a stop hunt before retesting the lows again. Now we can see it wasn't able to get close to the 3000 resistance zone and started dropping again. Now what doesn't make sense to me is the following: Whether it's bull or bear trend, whales are always in control of the market. So, if we are really headed to prices below 2000 (and below 30K for Bitcoin), then why didn't we see a stop hunt above 3000. A stop hunt to sell longs and/or short. Why i tend to think, maybe they want to keep the stop hunt level (3000ish) in tact, because the plan is to eventually go up and use that zone to add fuel to the breakout. So higher time frame, except for wicks, the range seems to be 2100 and 3000. Short term think the thick black line on the left might determine if this short term suppressing of the price might be done as well and could be headed towards the 3000 stop hunt zone. So we have 3000/2100 and actually in the middle the 2500/600 zone. There is a version that everything i talked about above, is all just a coincidence and has no meaning at all. That is that even the whales are panicking and are not even trying to risk to buy up the price (to sell/short higher) before making it drop even more. That is because of the China FUD and the issues with Tether. The last one i simply don't understand why they can't be transparent about what they do. They have been shady since day 1 and simply continue to act that way. There is one more thing i want to add, because the drop since 2900 has been similar speed as the move up week ago from 1800, indicates there is a possibility for a double bottom. Just the problem i have with, getting back to 1800, would mean the green zone breaks and would also mean a daily close below that thick trendline on the right chart. So it would give too many variables, but just wanted to point it out in case we do drop back to 1800. So, short term i think the key zone is that middle line on the left which is around 2550 at the moment. Above it bulls are in favor to attempt to break 3000, below it bears in favor to attempt to break 2100ish. At the moment it's still looking very weak, seeing small attempts to move up since yesterday even, but they get slammed down pretty fast. Also one more note, for the day traders out there. In general, during impulse waves (big moves) it's easier to make profits. During consolidations, whales try to take the profits you made then, with countless shitty moves and tiny small breakouts on low time frames which frustrate you eventually causing you to loose even more money. So even make it so bad, that they loose everything and end up with a zero balance just before the real move starts again, then it goes without you. Try not to fall for it and save your money for the real trend moves, the easier moves. It's a common mistake that always happens during any kind of trend. Don't forget to like if you appreciate this and want to support me :) Previous analysis:
COINBASE:ETHUSD
by botje11
40
BTCUSD 1D BITFINEXThe parabolic structure was destroyed with the 50% drop which weakend the derivatives market. Spot buys are dominating here. Basic support $31K, basic resistance $40K, expecting a boring June and ranging here, followed by a move on the upper range and ranging until the end of the summer. 250DMA provides a crutial support, would not count on it to be broken in anyway. I dont expect a daily close painting a lower low. The volume of the spot buys in the low 30s is just too large to let that happen. 21WEMA provides a critical resistance, we must break it in order for the market participants to gain confidence and leverage long again. This is accumulation phase, means anything under 40K is a good spot buy and if you are a scalpler you can try timing the market with this range, tbh looks like an easy work, just dont overleverage. Im full expecting a new ATH in October this year.
BITFINEX:BTCUSDLong
by vamp111
BTCUSD | XBTUSD | SHORT | Areas of InterestTrend: Bearish Retail Sentiment: Bifinex Long positions = 44005 Short Positions = 1188 The bounce on the 19th of May was a hit at 50% off the all-time high. Shorts are slowly increasing as we move stronger into the bearish trend. There was a nice reaction to the Sell-side imbalance area. It would have taken a lot of buyers to push this past the Area of interest This market will move fast down into the buy-side imbalance areas which are not as aggressive until we get closer to $20,000 👨🏾‍💻 Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾‍♂️ Happy Trading Regards LBM
Short
by Little_Big_Movement
Bitcoin ABC Correction Within the ABC, Part 3Going to keep this one short, will try to write another analysis soon again. Think, at some point, we will make another retest of the lows, was thinking that past days as well and this chart shows as well that its not far fetched to think that. The massacre was quite big past week, not likely to think the market will recover in just a few days. normally it takes more time before confidence comes back in again. Also, the people i talked about in Part 1, who just didn't want to take profits at the highs, at least acting as if it was the biggest challenge ever in their lives, are also scared and some even are completely out of it. I am quite sure, the market will pull them back in again, but assuming we will see 50k+ prices again coming months (i hope). What i don't know, if it might still do a short squeeze or not. Think anything below 44/46, remains dangerous for bulls. Touching 46kish, think would be a victory for the bulls. So, the correction could maybe be over already, could get extended a bit. When looking at ETH, seems like a bearish wedge in the making and at the support right now. For ETH the challenge is around 3000 zone. Think the 37kish zone is a support and the 34kish. Upside, think 50K zone is the key level. Previous analysis:
by botje11
52
BTCUSD | SHORT | Areas of interestTrend: Bearish Retail Sentiment: Long, with an increase in Bifinex long positions The bounce on the 19th of May was a hit at 50% off the all-time high. Shorts are slowly increasing as we move stronger into the bearish trend. Expect a retrace before continuing on the bearish trend This market will move fast down into the buy-side imbalance areas which are not as aggressive until we get closer to $20,000 👨🏾‍💻 Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾‍♂️ Happy Trading Regards LBM
Short
by Little_Big_Movement
BTCUSD ~ Possible last FUD dump for big money to accumulateThis is a highly speculative post. I just have a feeling, that we havent been in this range long enough, for the elites to buy what they want. This crash was extremely manipulated for big money interests to get into bitcoin given how many of them have finally realized it is the apex asset of the human race and they needed to get in. Elites and big money of course - dont buy assets at the top of a big pump - they want good prices to get their entry. So on rolled the FUD campaign... Anyway, thats old news now.... On to the prediction here: I think we are going to hit our heads on this resistance level (which we are doing right now while I write this) and range down to the lower support. One major driver of sell pressure has been the chinese miners. China is indeed cracking down on miners, and this time, chinese miners have really had enough - many of them are already moving out of china now. The majority of sell pressure in the last few weeks has been from them. They are also selling off mining machines, and I am putting something together to buy a bunch and increase the size of my mining farm substantially with highly discounted mining rigs. But anyway that is what is going on from what I can tell, and I think there is still a big enough supply of cryptos that the chinese miners need to offload. More of them are making the decision over these days going by that they do actually have to shut down mining operations in china and either move elsewhere - or just exit the industry if they cant access infrastructure and electricity in other countries. (Khazakstan has just seen a chinese miner move over there and begin building a $60M mining operation for example....but I know that many chinese miners arent going to leave china to continue mining, they'll just exit and sell what they need, to wrap up costs and close their businesses). We could be going up further and it would be good to see, but there is still sufficient selling pressure coming in over the next weeks and possibly month that there will be good buy opportunities (i mean, technically, you could buy right now and its still a great opportunity in the long run...) Lets see if the sell pressure is enough to withstand the immense buying pressure! Those miners still do have access to sell their coins OTC so it might all be done off the books. My goal: accumulate as much more as I can while these prices are at all-time-lows. We arent going to see bitcoin this low ever again, and many alts still have 150% moves back to their previous ATHs which makes them very good buy targets too.
KRAKEN:BTCUSD
by ezpi
5
Bitcoin | once again Bulls Looking Strong..!!#BTC (Update) In 4H Timeframe Chart, Falling Wedge Breakout & Retest Already done with Strong Bullish Volume. At the Moment, Bulls Breaking the 39.6k Resistance, If resistance got Cleared, Next Stop gonna be 46k. Bulls Looking Strong so Expecting Another Bullish Wave .. (Bitcoin Will be Bullish Above 40k) 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..!!
COINBASE:BTCUSDLong
by Faibik
6
Bitcoin - Global channel + CyclesGlobal channel I looked at the logarithmic chart and saw: a global uptrend channel, the upper line of which we tested and did not breakout. Bitcoin at the threshold of a new big cycle, which is a little over a year long. After that, Bitcoin made a dropped by 50% from the peak and reached the previous correction's support level. Now BTC has rebounded and is trading at 25% from the local low. The current local resistance level is 41k. The long-term magnet is the middle line of the ascending channel and the peak of 2018 (the 20k level, maybe lower). It is important to note that this is a global vision, not a short-term one. To my mind, speaking about short-term perspective, there will be a rebound to be sure after such a fall. I understand that there are many newcomers on the market now. The last fall was a shock for the majority of traders. I want to give a little advice (read below). 1. Calculate your future compulsory expenses for the next 6 months minimum. 2. Compare them with the available one the amount in stablecoins and cash. 3. If there is no pillow in stable assets for at least 6 months falling market then cover the part on rollbacks up positions to form a pillow for expenses for at least 6 months. 4. If there is, then all the same sort out portfolio and sell on rollbacks up those assets, in fundamental, values and survivability on potential bear market which you doubt very much. Summary: Your risky part of a cryptocurrency portfolio should consist only of fundamental assets with a high probability of gaining a network effect. You have enough money for at least 6 months. You are not motivated to sell assets at the bottom. We are ready to sit out any drawdown. You should understand that sooner or later your assets will cost more. You can safely continue living a normal life without checking the charts every few minutes. You realize that no matter what happens - you have the money for a good life and a portfolio of quality assets for financial independence. I do not want to give you false hope. Trading is not easy and risky. A trader earns big money when trading in the main trend direction. I expect a flat movement on the market shortly. This is the time when most people are losing money. Best regards EXCAVO
BITSTAMP:BTCUSD
by EXCAVO
26
Bitcoin (BTC) • Pullback while we don't have stronger signs Bitcoin finally broke the trendline coming from the top and it's likely that is on a corrective pullback (not return to bull run) I don't buy the "we found the bottom" narrative just yet since we don't see strong volume signs coming from different markets, specially futures. Funding rates are also pretty flat at the moment which reveal a lot of uncertainty. At the moment I see potential correction to 45k range (max 48) then retweet recent lows once again. But it can easily keep marking down further from here since that is the dominant trend (a mix of daily and weekly) at of now.
COINBASE:BTCUSD
by D7R
9
Bitcoin Price Outlook 26 May 2021 - Prior CME expirationPrice of Bitcoin stabilize below $40000, looking for correction from down move towards 50-ish zone. Now price still inside curved area and might touch the resistance of curvature. Take a look at indicators here on pic below RSI showing nice Bullish divergence but Price remain below DMA200 and DMA100 taking this 2 factors give us opportunity to see price rebound upside towards 50-ish zones to retest DMA100. In fact there is CME futures contract expiration period for trades opened above $20000 and $30000, so seems like institutional traders fix their profits now. Best regards Artem Shevelev
BITSTAMP:BTCUSD
by ArShevelev
8
Bitcoin Hi, this is a more local analysis of the Bitcoin situation. After the recent falling, many are wondering - what's next? And nobody will tell you what happens next for sure, but I will give my suggestion about the upcoming movement. Making predictions is an unfortunate business. As you understand, I am engaged in this business. For me, it is about studying the financial markets, behavioral economics, cycles, and other aspects of the market. I'm definitely not a visionary. I analyze the market and share my observations with you. Your best "thank you" is Like and Comment! Continuation I'm sure 90% of traders will soon see this beautiful Head and Shoulders reversal pattern. People will definitely open the short positions around the resistance line. I want to warn you - the most dangerous time for beginners is the flat period or sideways movement of the market when the instrument moves in a small corridor. After most of the market participants gain short positions, a short squeeze may occur - this is the liquidation of short positions. In other words, the achievement of stop losses - in this case, the position is closed by market price and, accompanied by green candles. If this happens - we will see a super bullish formation that will be deceiving. We will possibly make a reversal movement and go to test the level of the previous high-level 20k. It will be accompanied by the new record numbers of the long positions liquidations. This forecast may not be valid. I see this scenario as one of the most plausible for me. Do not trade with margin, leverage, observe risk management, best of luck to all, and big profit. Best regards, EXCAVO
COINBASE:BTCUSD
by EXCAVO
113
Bitcoin Fighting between Bull and bear so what next..?#BTCUSDT TA Update:- $Bitcoin Currently trading at $37400 And $37000 is good support of 45 minutes chart. Now...? Bitcoin trading in small channel so If support 1 hold then we can see upward moments. Mean Our 1st resistance will be $40000 If $40000 also break upward then ready for $45000 But if $37000 support break down then I am watching $32000-$33000 zone. So keep an eye on my Levels:- Support:- $37000/$32000/$26000 Resistance:- $40000/$42111/$45516 Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
BYBIT:BTCUSD.PLong
by CryptoPatel
10