Bitcoin (BTC) • We might have NOT bottomed at allCurrent correction going on as expected BUT more aggressively than expected.
Chances are now in for a possible retest of 45k and new lows at 25k due to ongoing gaps visible on BAKKT and CME.
The 25k range is also confluent with Monthly average of November and a relative 50% between the high/low during that period of time.
Here's what I think might happen. (but its irrelevant. We should evolve with the market)
Xbt
More Downside Coming For BitcoinI am expecting further downside in Bitcoin. When looking at the net buying/selling pressure, the current time looks very similar to August 2019. After the current dead cat bounce, we can expect to test 26k support and possibly lower.
The white/grey line represents the net buying/selling pressure on the indicator. You want to look for crosses above and below the midline as well as crosses above 30. A cross above 30 means that the bulls are in control and the price could rise rapidly.
Looks like we are very bearish in the short term.
Bitoin Shock TherapyBitcoin price did a -45% correction, so far price went below DMA200, which is indicator for long term traders/investors and if we will stay below it for reasonable amount of time, that would sinalize further dump.
IF price will manage break upside above DMA200 and stay above it, we could be safe in the long-term goals, and see btc floating around 100k by the end of the year.
Stay calm, make sure you running affordable risk.
How to overcome the cognitive barriers? What is cognitive impairment, popular point speaking, each of us are in a well, a little big well, some small point. The wellhead determines our perception of the sky. This well is our obstacle.
Right and wrong, we can not own objective judgment, all from the outside world.
Copernicus said that the Earth was not the center of the universe, but most people could not see it, but this was not the focus, but on who decided on the development of things.
For the speculative market, you do not try to convince anyone, if your judgment, with the trend of the market, you are the winner, on the vice versa, cannon ash.
The market is always ruthless, and the bulls and bears are not completely opposite to the two people. Most people form synergy, or most funds form synergy, and ultimately determine the direction of the market.
As trend deals, all we have to do is follow discipline, that is, cognitive barriers are like the greedy fear of human nature, and you can't get rid
Bitcoin Ready for $50000 or $23000..? very Imp Update#BITCOIN TA Update:-
$BTCUSDT currently trading at $38000 and made low of $36200
This is last support to hold aome Retracement upward side.
If this last support also break down then I am expecting $30500 and $23000
But total -44% down from All time high so Need to some recovery.
Also I can expect Altcoins bounce back from here.
Last support:- $36675
After if break down
Support:- $30533/$23111
Resistance:- $49266/$59339
I am also in big loss in many positions but I am still holding my positions.
Not open any new positions.
Thank you.
Bitcoin (BTC) • The correction Bitcoin was long due for deeper correction and we are finally seeing it unfold possibly for the reasons discussed in my previous video.
Today, I take a look at the trend and some structural technical levels to be paying attention in the near future. Also cover liquidations, funding rates and futures premiums.
A clear wave of five waves ended, and Bitcoin had a short breath Bitcoin has been so weak recently that the total market value has reached 40%, a new low since 2018. The rise of copycat coins and Musk's constant denigration made Bitcoin a little out of reach. But Wang will always be king. Without Bitcoin, I don't know if the digital money market can survive, because 99% of tokens come from Bitcoin. Of course, history will always be subverted, and one day the digital money market will be replaced. But for now, Bitcoin is still the soul of the market. If Bitcoin falls 90 percent, most tokens will return to zero.
Far from it, there are things that require historical falsification, which is not the key for secondary market traders.
We may be more concerned about today or tomorrow's trading points. Back to the chart, here is a clear wave of 5 waves down ,30, about a week. From time to space, there should be a decent rebound here. But from the day line, the long-term box at any time to break, the day line macd short trend has not changed, the average line ma144 lost. Panic index fell below 20, can be said to be embattled in all directions. But I believe that the market has a strong law of its own, we should not use their subjective will to judge the trend of the market. It's a favor.
There must be a 2-hour rebound, the difference is space. If we look at the rebound caused by the two bottom deviations, it should be a challenge in theory ma144, but we can't rule out the possibility of a rebound in time. So this is the principle of trading.
I have always stressed that the right-hand standard, which is not limited to buying, stop loss or stop earnings, is also valuable.
macd+ma operation, in the past period of time has been fully verified. When we fell to about $45000 on May 13, we proposed that this would be a two-hour L chart (about how the L chart works, my history article can search), and we tend to double-dip, forming a bottom deviation and rebounding. But I gave a limit ma36, that's the key to a lot of people who do n' t understand deviations (many question the validity of deviations because they don't add limits to deviations). macd deviation has proved to benefit from it ma36, so we have avoided the technology trap perfectly.
And now, I think, the probability of this secondary deviation is very large, and the probability of rebound is also very large. Similarly, we still have to add a limit to the deviation, ma18. if we break through, in theory we look at two rebound heights, one is D front point, the other is the ma144. point Of course, any analysis is based on the principle of probability, so operational insurance is transaction discipline. When the rebound fails and triggers the stop loss index, remember to leave. (If you expect every judgment to be correct, you might as well expect time back)
This is not the beginning nor the EndIn September 2020, when bitcoin was 10400 I published an analysis with a 100k price target in the next 2 years, why I changed my target and duration of the bullish rally on April 13, 2021, just one day before Coinbase IPO. and on April 29, I updated my target to 42-46k between May 10-20th.
Why did I change my target?
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1-Sep 12, 2020: Bitcoin could technically soar to 100 Thousand, what next?
2- Oct 21, 2020: Do Not Trade Bitcoin, Invest in Bitcoin for The next 2 years!
3-Apr 13: History tends to repeats itself..!
4-Apr 29: An updated target for Bitcoin
Bitcoin Exclusive Update and Ready for $31000 or $55100...?#BTCUSDT Exclusive TA Update:-
#BITCOIN is currently trading above 200 Days Moving average near to $43000.
BTCUSDT price Still respecting and strongly the following support.
So now, what next...?
We are waiting for the daily candle close, if the daily candle closes above $44400 then This is good for Some upward move.
But if not then what next...?
If the daily candle closes below the support level then we are ready for next support 2 and Support 3.
200D EMA Support:- $42104
Support:- $44400/$39444/$31975
Resistance:- $48687/$55100
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I wouldn't be surprised if Bitcoin dropped to $20,000 this time If $40000 falls, I won't be shocked to see $20000 of Bitcoin this time next year.
In fact, the market has been highly speculative, even the so-called Wall Street institutions have entered, can not prove that the market is very mature. Because there is no regulation, a so-called decentralized market, is controlled by some central institutions. An inappropriate example, like a group of 21st-century, heavily armed thugs, traversed a primitive tribe that was still slash-and-burn. At this time, the original order was broken, the original rights were subverted.
Is the current direction of the development of digital money the original intention of Nakamoto? Is there a community spirit that would have challenged totalitarianism? When Bitcoin becomes a tradable commodity, its intrinsic value may have become a tool for some people to profit.
Since it is highly speculative, then the boom must have plummeted. So I think if the $60,000 head is confirmed, there should be a one-year adjustment cycle, and the decline is not an exaggeration in history.
Advice: traders should know what their purpose is.
If you are a believer, you should reflect on whether your faith can withstand the test of time. If you confirm that this is the right decision, please do not look at the market with a gambling mentality, you should stay away from secondary market transactions.
If you are a speculator, don't think about any short, you have to make a difference, your biggest risk is that the money is locked up. In a market without fundamentals, charts and indicators are the tools you can rely on, and the right side is your good friend.
Bitcoin Finally Entered in Bearish Zone so Ready for $33000..?#BTCUSDT TA Update:-
#BITCOIN currently trading at $44500
This is a bearish zone.
Yesterday broke out resistance again dumped because that was Trap.
Now..?
Now overall bearish Bitcoin in the daily time frame.
What next support..?
According to This chart Bitcoin, last support is $45100
And 300D EMA support is $46382
So I am waiting for daily close.
If the Daily candle closes above $46400 then we can think about Bullish scenarios.
Otherwise, we entered the bearish zone.
I already told you when BTCUSD broke down $59000 that time we entered the bearish zone.
But Still, last hope to hold bull zone.
Bullish scenario depends on Support 1
What if not close above support..?
If Not close above $46400 then Ready for $33176 and $26480
Not instant guys but in mid-term.
Support:- $45000/$33176/$26480
Resistance:- $59839
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Bitcoin brokeout resistance and bullish so Ready for $56000..?#BITCOIN Breakout Update:-
#BTCUSDT currently trading at $49100+
And now broke our all resistance with high Volume and Now I am bullish.
As I told you $48438 is strong resistance and if breakout then Bullish scenario for Bitcoin.
Now...?
Now 2 more new support levels:-
Support:- $48438/$47796
Resistance:- $51362/$54706/$56835
Now I am watching my Target/Resistance level.
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