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Bitcoin: A Fib based view on next Bitcoin SupportAs you can see from the chart, the next Fib level 0.5 is at the range of 23600, so we can expect the Bitcoin to consolidate at this range in September, Historically September month ended negatively for Bitcoin most of the time. So it's hard to expect a positive candle close for bitcoin this September. Based on what I see we can expect further negative movement for bitcoin upto 23600 range and price consolidation at this range, this move can be very quick as we can psychological resistance at 25000, if 25K breaks then we can expect bitcoin to reach 23K range very quickly. I would advise again any long term LONG position for bitcoin at this moment unless we see some serious stable price movement upto 27K. Stay tuned for more updates.
CRYPTO:BTCUSDShort
by GreenCryptoTrades
Bitcoin 2020 vs 2023 , just a comparisonA looks 2020 and 2023 bitcoin chart on weekly candle. Trend looks similar, however bears are stronger this time compared to 2020, in 2020 we had similar patter but that we after continuous upward momentum and this pattern emerged after that, but this time it is after continuous downtrend from 60K. Changes are having another correction is higher but let's wait and see. PS: This is just an outlook on comparing the current pattern with 2020, this is not a trading advice, take it pinch of salt. :) Cheers
BITSTAMP:BTCUSD
by GreenCryptoTrades
BTC Analysis: Patterns, Levels, and Potential BreakoutsBTCUSDT Daily Chart Analysis: Key Levels to Watch Introduction: In this analysis, we'll delve into the current state of BTCUSDT using the daily chart and identify key support and resistance levels. We'll also discuss the potential implications of the Head & Shoulder pattern and its possible outcome. Traders and enthusiasts alike can benefit from understanding these critical levels to make informed decisions. Current Price and Overview: BTCUSDT is currently trading at $29,400, showing a mix of bullish and bearish sentiments. Understanding the significant support and resistance levels is crucial for gauging potential price movements. Major Resistance Levels: The chart indicates that a substantial resistance zone lies between $30,500 and $31,000. This area has historically proven to be a challenging zone for BTC to break through. A successful breach above this range might lead to a significant upward movement. Major Support Levels: The support area between $27,500 and $27,800 is crucial. If BTC fails to maintain its price above this range, it might indicate a bearish sentiment taking over. A breach below this level could trigger a further downward move. Head & Shoulder Pattern Analysis: There is a prominent Head & Shoulder pattern visible on the chart. If the price breaks below the $27,500 support level, this pattern suggests a potential target of $20,000. However, this outcome is not guaranteed, as other factors and market sentiment can influence price movements. Potential Price Scenarios: Bearish Scenario: If the support at $27,500 breaks, BTC could target the $20,000 level based on the Head & Shoulder pattern. Bullish Scenario: A bounce from the $27,500 support level could lead to an upward movement. In this case, the price might attempt to challenge the resistance levels mentioned earlier. Pattern Invalidation and Upside Potential: It's important to keep a close watch on how the price behaves around the $31,000 resistance level. If the price successfully breaks above $31,000, the validity of the Head & Shoulder pattern might be questioned. Such a breakout could propel BTC to the range of $34,000 to $35,000, indicating potential bullish momentum.
COINBASE:BTCUSDShort
by CryptoPatel
11
$133T Decaying Bond Marketcap - 0.5T Bitcoin Marketcap EarthBond Its fun to compare bitcoin with Gold as a commodity for the similar attributes but Gold only has a small market cap of 12.928T and is very illiquid. Yes Golds market cap is nowhere near the market cap of Government Bonds. We have a global CPI / inflation problem where "smart money" is getting anti Bonds due to the rising debt and interest rates that eventually make the returns useless if adjusted. Lets do the calculations bitcoin superior to Gold and superior to the government bonds creating a decentralized Earth Bond, yes bitcoin to my eyes is like gold but will eventually function like a bond that is tied to the earth and connection to every sovereign country. Planet Bond. BlackRock Suggests an optimal BTC allocation is 84.9% completely changing the 60-40 basic portfolio of bonds. twitter.com Lets have some fun with the calculations Illiquid bitcoin supply at 15.2M twitter.com 19.5 million (Today Supply) minus 15.2 million equals 4.3 million on the market of course this will increase if prices go up but there's also the chance they do not as most accumulation here is by large funds not retail looking for short term returns. 5% of 133 trillion (133T) is 6.65 trillion. If bitcoin had a market cap of $6.5T, 1 BTC would be worth $1.5M, an upside of 46x (based on the supply is way less than people understand) All that's left is a Spot ETF on the US market to allow capital to just lightly tap this market and we will know soon enough. And people wonder why every large fund have raced to get a spot bitcoin ETF, yeah being potentially the most important asset in the last 100 years could do it. Tick Tock
INDEX:BTCUSD
by FederalXBT
could you handle this savage potential 1:1ive been aiming for 36k as a final target since the start of this mini run in January. this recent PA has been a bit meh, with buy interest coming down at a point where i believe some players have loaded a lot of sells teasing everyone for the 32/33k liquidity. as this local mini range is just an sfp of Aprils high and price drop would be considered internal structure all the way down to the swing low ...so, could you handle this savage potential 1:1 before #bitcoin tanks to lows and forming a bottom? Invalidation would be a weekly close above Aprils high, or just cutting through 20k like butter,
BYBIT:BTCUSD.PShort
by TBTS
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
1
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
#BTC/USDT 4h (ByBit) Head and Shoulders near breakdownBitcoin could retrace down to 100EMA support after a last liquidity grab towards right shoulder. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (13.2X) Amount: 5.0% Current Price: 30223.7 Entry Targets: 1) 30553.4 Take-Profit Targets: 1) 28712.5 Stop Targets: 1) 31476.1 Published By: @Zblaba CRYPTOCAP:BTC #BTCUSDT #Bitcoin #XBT #PoW Risk/Reward= 1:2 Expected Profit= +79.5% Possible Loss= -39.9% Estimated Gaintime= 5-10 days bitcoin.org
Short
by TradingOn
Bitcoin LTF Technical AnalysisBitcoin LTF Overview Overview: Bitcoin is currently trading within a range of $30,000 to $31,200, with the chart indicating a focus within this range. A bull flag formation is observed in the 4-hour time frame, suggesting the potential for an upward breakout towards $36,000. However, it is important to consider a bearish scenario where Bitcoin breaks down below $30,000 and retests the $27,200 level. Key Levels: Support: $30,000 Resistance: $31,200 Trade Analysis: Upside Breakout: If Bitcoin breaks above the $31,200 level, it may indicate a bullish continuation. In this case, the potential target would be around $36,000. Downside Breakout: Conversely, if Bitcoin breaks below the $30,000 level, it could signify a bearish move. The next support level to watch would be around $27,200. Please note that these levels are provided as general guidelines and should be evaluated in conjunction with other technical indicators, market sentiment, and risk management strategies. CryptoPatel Recommendations: Monitor Breakout: Keep a close eye on Bitcoin's price movement within the defined range and be prepared to act upon a breakout. Risk Management: Implement appropriate risk management strategies, such as setting stop-loss orders or using trailing stops, to protect capital and limit potential losses. Confirmation: Consider waiting for confirmation of a breakout or breakdown through additional technical indicators or chart patterns before entering a trade. Stay Informed: Continuously follow market updates, news, and changes in market sentiment to stay informed about potential developments that may impact Bitcoin's price.
Long
by CryptoPatel
1
Bitcoin Range bound in Lower Time FrameBitcoin LTF Overview Current Range: $30K-$31.2K Chart Indicates Focus Within This Range: The chart shows that Bitcoin is currently trading within a range of $30K-$31.2K. There is a lot of price action within this range, which suggests that traders are focused on this area. Trade on Breakout: Traders should look to trade on a breakout of this range. If Bitcoin breaks above $31.2K, it could signal the start of a new uptrend. If Bitcoin breaks below $30K, it could signal the start of a new downtrend. Key Levels: Support: $30K Resistance: $31.2K Overall Outlook: The overall outlook for Bitcoin is neutral. The chart suggests that traders are focused on the current range, and there is no clear indication of which way the price will break. Traders should wait for a breakout before making any trading decisions.
BLong
by CryptoPatel
1
how will Bitcoin unfold in the future?This wave of market should be said to be a very typical war example. It took the bulls 2 months to create a bear trap, and finally the Jedi counterattacked, crushing the bears' defense in one fell swoop. Some say it was a collusion between the SEC and Wall Street, and some even say Gary made a lot of money shorting Bitcoin. But these may not be confirmed, but from the technical trend review, we can still find a basis. The correction that began in April has been a sudden setback, with one wave of lows being lower than the next. It looks as if the bulls are losing out. But the system's new features played a huge role this time. In order to cheat the line, the bulls caused MA144 to lose and the bottom neck line of the head and shoulders was worn through the illusion. But we can clearly see with the chart pattern hint function that this is a standard descending wedge trend, and finally stops falling at the wedge support line. We all know that in some key support technologies, there is a false breakthrough standard of the deceptive line, generally no more than 3%. So this time, the main force of the bulls is familiar with it, and the dark position of the plank road is Chen Cang, and finally the goal of killing the bears is achieved. A 20% increase in a week, although not much compared to a bull market, is still a good morale boost after a 2-month downturn. After all, global financial markets have rebounded recently, India, Japan have even come out of the big bull market, and even the Nasdaq has soared under the leadership of NVIDIA. The cryptocurrency circle has been plagued by the SEC suing Binance and Coinbase incidents, altcoin bulls fell apart, and the market wailed. And the current long white candlestick at least keeps everyone hopeful. But the market is not a welfare home, and trading is never charity. So we can't judge the market trend with emotion. At the beginning of this rally, I made a judgment on the nature of the rebound, from the peak of $70,000, the market entered a bear market, theoretically, will use the ABC trend to complete the bear market correction (red line in the figure). This can be found in 2018-2019. Although history is not simply repeated, in a market that lacks fundamental support, chart movements are the basis for most investors' reference. The adjustment of the 12-month history of 2021-2022 should be wave A, and then the rebound that opened is theoretically wave B, which should currently run in the third stage of wave B. I thought this rebound was also the trend of ABC (gold line in the chart), and I thought that the high of the rally should not exceed $42200, where the golden section is 0.5. Of course, there are other technical indicators out there that form a suppression. At present, from November last year to April this year, there is a clear 5 waves rising (purple line in the figure), followed by a 2-month correction, also 5 waves (blue line in the figure), I remember Elliott's wave theory for the definition of the rebound ABC trend, there is one, that is, if A is a complex wave, C may be a simple wave. So I judge that the trend of this C may be the ABC structure (123 of the dashed line standard in the figure). Then there was a big C wave of decline. This judgment is based on the following logic 1. Fundamentals, the SEC's lawsuit against Binance is actually an extension of the previous FTX incident, and the central issue is security. Whether altcoins are tokens or securities is also a question they need to solve. These questions are always the sword of Damox hanging over the head of the coin. When we look at the end of the first two bear markets, they are also inextricably linked to fundamentals. 2015 was the beginning of the booming blockchain boom in China, with the emergence of blockchain companies, the issuance of coins, and the listing of exchanges became the norm, and Chinese exchanges monopolized more than 70% of the world's trading volume. It wasn't until 2018 that China began to drive away digital exchanges and the Bitcoin bull market ended. In 2019, it was the issuance of US Bitcoin ETF contracts, and mainstream institutions entered the currency circle, taking over Chinese capital and becoming new Bitcoin players. And in March 2022, the Fed entered a rate hike cycle that became the end of a bull market, and Bitcoin once again entered a bear market cycle. So in the next bull market, there should be a fundamental change, either the SEC will give a compromise plan for the legalization of the currency circle, or new capital will enter. In conclusion, it is difficult to judge the end of a bear market without these changes. 2. Technical, compared with the three bull and bear markets after 2011, although the time of each adjustment is about 12 months, the first two declines were 87% and 84%, and this time it was only 77%, which is slightly insufficient. The bear market in 2019 uses the ABC trend, although the latter wave of C has not reached a new low, but the amplitude is still large. Based on the above analysis, I believe that it should be in the late stage of the big B wave rebound, if it cannot break through the golden section of $42,200 at 0.5, it is not ruled out to copy the trend of 2019 and fall again.
BITMEX:XBT
by peter-l
Bitcoin update 28.03.2023Potentially we can reach liquidity zones from below to eliminate all stop losses of long trades that were opened in the yellow zone, after that a strong upward movement is possible. The vision is the same, in May - April we will see the local peak of this movement Technically, the market is doing very well. We trade the market 60% + of all money in stable coins Beware of overbought altcoins LSD (Liquid Staking Derivatives) the trend continues. Don't forget to control your greed, Protect your positions. Think are you over risked People write to me who are in an unstable psychological state from the fact that they missed most of the movements, there will still be opportunities. Contact a more experienced person. Plan your trades, trade your plans Best regrads EXCAVO
by EXCAVO
51
Critical Analysis: #Bitcoin's Rollercoaster Ride to $25,700Bitcoin Technical Analysis: Current Price: $25,700 According to my analysis, Bitcoin recently broke down from a Head & Shoulder pattern and is currently trading at $25,700, with a low around $25,000. After breaking the Neck Line support, Bitcoin experienced a trap and the price briefly went up to $28,000, resulting in the liquidation of high leverage trades. Based on the current market conditions, I anticipate the next move for Bitcoin to be towards the support level at $24,000. This level also serves as a retest after the breakout of the resistance. In the worst-case scenario, if Bitcoin breaks down the $24,000 support, it could potentially test the range of $19,000 to $21,000. This could present accumulation opportunities for traders and investors. Key Levels provided by CryptoPatel: Support: $24,000 / $21,300 / $19,000 Resistance: $27,500 / $30,500 / $40,000 Please note that the analysis provided above is my own interpretation and should not be considered as financial advice. It is essential to conduct your own research and analysis before making any investment decisions. Remember to approach the market in a systematic and disciplined manner, considering factors such as risk management, market trends, and your personal financial situation. Follow us for More Real time Quality Chart Analysis. Thank you.
KRAKEN:BTCUSDShort
by CryptoPatel
BITCOIN 2023Today my friend called me, not long ago, after a couple of minutes of conversation, he asked me: "what do I think about the price of observation and should I buy it now" My answer: 1. Price dropped 78% from high 2. the average statistical cycle of the fall is passed 3. We are at or near the bottom whether you buy 16k or 12k, in the long run, won't matter 4. I reminded him that there are bulls and bears in the market, and there are also pigs who are very greedy and want to buy at the very bottom and sell at the very highs, and as a result, they are simply killed, so you don’t need to be a pig 5.Definitely, until the issue with the digital currency group is over, there will be no bull market This is very simple advice I can give to everyone who reads this post. P.S The chart is a Wyckoff logic chart superimposed on the Bitcoin log chart I'm back in 2023, write questions in the comments that I can answer in the following posts
Long
by EXCAVO
63
Bitcoin update 16.03.2023Hi, the plan is still the same goals 28-32.5 But there's a little problem here, you see banks going bankrupt, I called it BankFalls, and on that sentiment inexperienced people are now trying to move into a deflationary instrument, bitcoin. We are in the last already close to the last stage of this mini cycle ( logistic curve) when people will scream that bitcoin is the only salvation in anticipation of a potential world crisis. In fact it is not. it will be very difficult to find an instrument that will not fall if a financial crisis happens, everything will fall, but something will recover faster Most likely when most people panic they will go into the 25-32 range. According to propagation theory, this will be the final stage of this mini-bull-run or sub-cycle. I would like us to reach the middle channel line and then go to 28-32.5 - then stay there for 2-3 weeks and then go down Best regards EXCAVO
by EXCAVO
15
Let the bullets fly a little longer!From mid-May, the market entered a volatile cycle, and from the 4-hour cycle, it showed a phenomenon of frequent changes of hands between long and short. In just a dozen trading days, the bulls and bears exchanged control at least 8 times, and most of the volatility range was only $1,000. At present, a convergent trend has been formed, it should be said that the market is about to choose the direction, so now, we must be more patient and more cautious to deal with. Let the bullets fly a little longer! In addition, we can see a head and shoulders pattern from the daily chart, of course, this pattern is somewhat complicated, we can think of it as a composite head, and the right shoulder should be being built at the moment. As for whether this head and shoulders can be formed, the key is to see whether the upward will break through the left shoulder high, that is, $29380, if it cannot break through this high, but to the fall below the previous neckline - $25270, then the head and shoulders will be established. At present, the finishing of this right shoulder, the main pressure is on the MA50, this moving average is around $28340, is turning down, for the bulls, it is certainly not good news. And the support below, the first thing to look at is $25270. If it falls below this trend line, the rally may be aborted. Therefore, the current situation is very chaotic, it should be said that there are opportunities for long and short, but no one has an absolute advantage. Therefore, speculators should not stand in line too early, and at the moment of breakthrough, making the right choice is the strategy we should have.
BITSTAMP:BTCUSD
by peter-l
3
The current operation of Bitcoin should be simplified and less a Bitcoin broke through in March and created a rebound high of 31,000 after entering a shock adjustment stage. Although the voice of ending the US dollar interest rate hike is getting higher and higher, the surrounding stock markets are also falling to new highs. But the currency market seems to be lukewarm and not too passionate. We can see from the chart that I gave a head and shoulder bottom shape at the beginning, which is very similar to the trend of retracement after the March breakthrough. If it does not fall below. The neckline of 25,100 US dollars, theoretically this head and shoulder bottom trend is valid. If you look at the theoretical amplitude of the head and shoulder bottom, the rebound can at least see above 35,000 US dollars. However, there are many factors that restrict the rebound at present, such as the angle of the moving average. The pressure formed by ma200 is also obvious. This moving average is currently around 31,500 US dollars and is falling at a speed of more than 80 points every 3 days. Of course, ma50 is also accelerating upward, so in the next stage, Bitcoin will run in the angle formed by the two moving averages and finally choose a direction. Bitcoin is now in a state of shock before breaking through. It is not a good opportunity for left-side trading. You should wait patiently. Good traders do not frequently look for opportunities, but make correct choices at the first time when the trend is formed.
BITMEX:XBT
by peter-l
Bitcoin 11 may 2023I sold my entire spot portfolio. why? because I see several bad signals 1. it's the meme coins pump and the most important one we have is PEPE who made 1,000,000% before listing on CEX and after listing on CEX another 20-30x. Everyone is happy especially new market entrants, lots of noise, looking for new meme tokens in the end on which they will lose money. As time shows at the end of cycles always pump the most useless tokens (meme) you can see on the chart pump DOGE and Shiba Inu. 2. We have reached my time cycles, as I said in November 2021 that we will have growth until April-May. today it is May 11 and we have been moving in a flat for a month. Yes you can interpret this as accumulation since altcoin season hasn't happened yet. Bitcoin's dominance was rising. But these two factors were enough to close my spot altcoin positions, which kept falling during the month. 3. The correction with world indices I will write about it in the next post, if in two words there is a place to fall. 4. Weekly chart looks bad Frankly speaking, for the last month I was waiting for liquidity (yellow box), but we have not reached it, and I would not be surprised if we reach these points and then go down fast (let's get all sotop loss and liquidation of short positions, which we gained last month) I expect the correction downwards, in August-September I think there will be a local bottom from which we will start the growth
by EXCAVO
22