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Bitcoin All Red Candle.. Ready for $18000 Again?Bitcoin Chart Analysis: Max Red Candles The $BTC chart has been seeing a lot of red candles recently, indicating a strong downward trend. As per the chart, the strong support has broken down, and Bitcoin is now trading at $21700. The support that was once strong has now become a strong resistance level, so traders need to be cautious and activate short positions. If you are already in a short position, you might be in good profit, but it is essential not to forget to place a stop loss. As per the chart, the current stop loss should be above the white next line resistance. Based on the current chart analysis, I am expecting Bitcoin to test the $18500 level again. If this happens, it is recommended to grab some BTC. The support and resistance levels are as follows: Support: $18700 Resistance: $22400 Please like and share this analysis if you find it helpful. For the latest real-time updates on cryptocurrency, make sure to follow me. Thank you.
BITSTAMP:BTCUSDShort
by CryptoPatel
5
Bitcoin Hourly Chart Showing Bearish After BreakDownBitcoin LTF Chart Analysis:- 1. Bitcoin's price is taking a hit and currently hovering below the critical $22,500 resistance level. 2. The price is displaying bearish signs and has fallen beneath the 100 SMA, indicating a bearish trend. 3. On #Binance BTC/USD hourly chart, a significant bearish trend line is forming near $22,150, further adding to the negative sentiment. 4. A potential close below the support level of $22,150 could result in a significant decline in #bitcoin price, which investors should be wary of. 5. Despite the current market conditions, there is always the potential for a rebound, so keep a close eye on the market for any changes in sentiment. Bitcoin Chart Analysis by CryptoPatel:- The Bitcoin price attempted to recover from the $22,000 support zone and climbed above $22,250 and $22,400 levels. However, the bears prevented further gains near the $22,600 level, leading to a sharp decline below $22,200 and $22,000 levels. The price formed a low around $21,900 and is currently consolidating losses. Bitcoin is now trading below $22,160 and the 100 SMA, testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. The immediate resistance level is around $22,200, with a key bearish trend line forming on the hourly chart of the BTC/USD pair near this level. The next significant resistance is near the $22,400 zone, which is close to the 76.4% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. The primary barrier is now near the $22,750 zone, and a close above this resistance could initiate an upward move towards the $23,250 resistance level. The next crucial resistance is near the $23,800 zone, which, if surpassed, might trigger a significant rally in Bitcoin's price. Key Points:- 1. Bitcoin attempted to recover from the $22,000 support zone but faced resistance near $22,600, resulting in a sharp decline below key support levels. 2. Bitcoin is currently trading below $22,200 and the 100 SMA, testing the 50% Fib retracement level of the recent decline from the $22,600 high to $21,900 low. 3. The primary resistance level for Bitcoin is near the $22,800 zone, and a close above this level could initiate an upward move towards the $23,250 resistance level. Investors should closely monitor the market for any significant developments, including a potential rally if this resistance level is overcome. Summary:- In summary, Bitcoin's price faced rejection near the $22,600 level and experienced a sharp decline below key support levels. The price is now consolidating losses and testing important resistance levels. Investors should closely monitor the market for any significant developments, including a potential rally if the $22,750 resistance is overcome. More Downtrend In Bitcoin? Bitcoin's price is facing a critical resistance zone around $22,200 and $22,400, and if it fails to break above this level, it may trigger another decline. Immediate support is near the $22,000 zone, with the next major support at $21,800, below which the price might drop to $21,200. The subsequent significant support level is around $20,600, and any further losses may lead to a decline towards the psychological level of $20,000. Traders and investors should monitor the market closely for any significant developments, including a potential breach of key support levels, which could indicate a further downward trend. It is essential to keep a close eye on technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to assess the market's sentiment and momentum accurately. If you found my analysis and content informative, please consider liking and sharing it with others who may find it valuable. Additionally, if you want to stay up-to-date with my latest insights, feel free to follow me. Thank you for your support!
BINANCE:BTCUSDShort
by CryptoPatel
2
Bitcoin update 3.03.2023Why did bitcoin drop tonight? You can explain it fundamentally - The dump may be due to concerns about the collapse of the Silvergate crypto-bank Technically - reaching liquidity zones as I said in the last post After the drop are you afraid to buy? - many are looking at the chart like they are spellbound. A local bounce is possible it is logical Will the decline continue? If there is a collapse of Silvergate - yes But either way after we go up, I have no doubt For me the ideal entry point would be below the liquidity zones indicated by the blue boxes - there will be the biggest pain Let's trade the market, let's follow the risk management Best Regards EXCAVO
by EXCAVO
12
Is Bitcoin Headed for a Dip? Predictions Point to $19000 #Bitcoin Technical Analysis Chart Update:- - Bitcoin faced strong resistance at the weekly level of $24500 and 50-day EMA. - Bitcoin's price is predicted to drop to $19000 within the next three months if it does not surpass the $25000 level. - A breach of the $25000 resistance level could lead to a significant price surge towards $32000. - It is crucial to monitor the resistance level at $24500 and consider purchasing at the support level of $19000. - This analysis is not financial advice, and investors should conduct their own research before investing. Like, share, and follow for more informative content.
Long
by CryptoPatel
2
Bitcoin Shifted in Bearish from Bullish#Bitcoin Technical Analysis:- This is My Opinion and Analysis Please Share your View Also about Bitcoin Next Move. The recent market sentiment for #Bitcoin has shifted from bullish to bearish. Bitcoin is currently holding on to its trendline support, but it has already broken below the $22,900 support level. According to technical analysis, $22,000 is a crucial support level that needs to be maintained for a potential bullish scenario. Traders should keep a close eye on this level. If the price breaks below $21,960, it could signal a further downturn in the market, and the next support level to watch out for would be in the $20,000 range. As of now, the support levels for Bitcoin are at $22,000 and $20,000, while the resistance levels are at $23,000 and $25,000. If you find this analysis helpful, please Like and Share it. Follow me for the latest Real-time updates on the Cryptocurrency market. Thank you.
BITFINEX:BTCUSDShort
by CryptoPatel
3
When and how the next Bitcoin top might occur.It's time for an update on the longterm bitcoin trend channel. Basically all Bitcoin logarithmic growth channels were far too optimistic. Bitcoin is growing a lot slower than most people would like, but that is just the reality, and we have to accordingly expect much lower targets in the future. If this trend continues, and that is a big if, then we can expect around 130-150k USD as a target for Bitcoin sometime in early to late 2025. I have drawn the length of time it took for BTC to reach a top after each halving, and it was always in the timeframe from 300 something to 500 something days. The 2021 rally was strange because there was some sort of double peak, so it depends what we see as the top. But we have to say goodbye to the outlandish targets of hundreds of thousands imho. 130-150k in 2025 is what we're realistically gonna get, with a lot of luck 180k, but I think that would already be a very excellent goal. Better to be on the conservative side. In 2021, BTC managed to only go 3x over the previous top, and that ratio seems to be declining, so a 2x over the 2021 would not seem too pessimistic. The problem is that adoption is a lot slower than anybody expected. We just have to look at the daily transactions and numer of unique wallets used: These charts grow a lot slower than most people would have believed. Of course, please keep in mind that, should the stockmarket crash dramatically, this scenario here will not happen, because then it will drag Bitcoin down into the Abyss. This scenario here can only happen if stocks remain stable and go sideway-ish at worst. And I don't know how realisitc such a scenario is with the very high inflation + super inverted yield curve. Very uncertain times, and this is the first time in history, where I only see a 50-70% chance of a new Bitcoin cycle even occuring. But should it occur, then we must live with much lower price targets than most people would have liked.
INDEX:BTCUSDLong
by SebastianofMoon
3
Bitcoin Analyze (Short Term, 15-minute Time Frame,02/28/2023)!!!Bitcoin was able to break the uptrend line by a breakout candle. I expect Bitcoin to fall to my targets that I specified in my chart. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13
Bitcoin Technical Analysis overviews#BTCUSDT As selling pressure eased in the cryptocurrency market, the price of Bitcoin rebounded from its local support level of $22,700 This bullish recovery has resulted in a 1% gain over the last 24 hours, with the current price at $23500. Despite this rise in price, the decreasing trading volume suggests a weakness in bullish momentum. Therefore, it is more likely that the Bitcoin price will revert from the $24,500 resistance level and continue the ongoing correction phase.In the event of sustained selling, holders of the coin can expect a retest of the $21000 mark. Please like and share if you find my idea valuable. Also, don't forget to follow me for more updates.
Short
by CryptoPatel
2
$BTC/USDT 12h (#Bybit) Ascending trendline retestBitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick. Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (7.0X) Amount: 6.8% Current Price: 23776.0 Entry Zone: 23809.5 - 24317.5 Take-Profit Targets: 1) 22860.5 2) 21954.5 3) 21049.0 Stop Targets: 1) 25070.0 Published By: @Zblaba
Short
by TradingOn
Rejections BTC BULLSlets make a good analogy you at a table with a lady first you start to order for her (first wick) then she starts to ignore you becuz youre being pompous (second wick) you order an uber to your place and tell her to hop in (last wick) she calls for her side nigga and then gets the LONG (blast off) all i see is higher highs and lower highs and a fomo spike regardless of worldly things banxza is a fetching app on metamask that fetch(s) quotes to deliver M2/fiat currency directly from metamask to apple pay/bank acc/cashapp(possibly) and etc. there is too much axillary outlet products why not just go crypto today
COINBASE:BTCUSDLong
by P3RZON4
3
Bitcoin Price Forecast Based on Technical AnalysisBitcoin has been making waves in the financial world and has been attracting a lot of attention lately. With the current trading price of $22,750, investors and traders are keeping a close eye on the market movements. Technical analysis is an essential tool for understanding market trends and predicting future price movements. In this context, the analysis suggests that Bitcoin is facing resistance at the level of $23,500-$24,500. A closer look at the weekly chart shows that an inverted head and shoulder pattern is forming. The left shoulder and head of the pattern have already been formed, but the right shoulder is still in the process of being completed. The completion of the inverted head and shoulder pattern could result in a dip in the price of Bitcoin, potentially reaching a range of $17,000-$18,000. However, if the resistance level is broken, the price of Bitcoin could rise significantly, reaching a range of $32,000-$35,000. In this scenario, it is important to keep in mind the strong support level of $18,400. In conclusion, Bitcoin is currently facing resistance, and the outcome of this resistance will be a determining factor in future price movements. Investors and traders should keep a close eye on the market and be prepared for both scenarios. Technical analysis is a valuable tool for understanding market trends, but it is also important to keep in mind that the cryptocurrency market is highly volatile and subject to sudden fluctuations. "Thank you for reading my analysis on Bitcoin's current market trends. Please consider liking, following, and sharing to support my work. Your appreciation and feedback are greatly valued. Stay tuned for more updates on the crypto world!"
BITSTAMP:BTCUSDLong
by CryptoPatel
10
BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023 BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023 Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week. This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel TOP: 25655 BOT: 21833 The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 78%(80% since 2022) From the technical rating analysis point of view we can deduct the next information: Currently there is a : 70% to touch the previous weekly high 27% to touch the previous weekly low At the same time if we are going to take a look at the moving average rating for different timeframes we can see : 4H Timeframe: +26% Bullish Trend D Timeframe: +80% Bullish Trend W Timeframe: 0% bullish/bearish Trend Lastly on average, based on the current percentile, we can expect that our asset is going to move: 4.6% from the open candle for the bullish scenario 7.24 from the open candle for the bearish scenario
COINBASE:BTCUSD
by exlux
🅱️ (₿) XBT Ultra-Bullish ConsolidationI don't what people keep saying but we focus on the charts, we read the charts and get all the information from the charts. One can guess and say things are this or that based on assumptions but the charts make no assumptions... Here is what XBT is saying on the daily timeframe. Straight up! We have a very strong RSI, ultra-strong. After the initial break that ended 14-Jan., we see no signs of a retrace instead a very strong bullish consolidation. Slowly bitcoin continues pushing higher, more likely waiting for all the bears to short so that they can be squeezed again. There is resistance though, for certain, at $21,488. If this level can be conquered bitcoin can go straight ahead. If XBT fails to break above this level, we still remain 600% bullish all the way through late March. We will see how it goes. In the case that it drops suddenly, as the market tends/likes to surprise, we are super safe for a higher low. See the two arrows: 1- blue straight up. 2- black small retrace then back up. Namaste.
BITMEX:XBTLong
by AlanSantana
4