Where is Bitbitcoin today?There are a lot of predictions about bitcoin's movements on the Internet, mostly bullish.There are based on so-called fundamentals, on so-called charts, and on data.I am a loyal chart analyst who follows the following principles: 1. Chart contains everything, 2. History will be repeated. First, let's look at the daily line trend, here is a macd divergence, but in front of the macd gold fork, we can not confirm that the divergence must be successful.And now after falling below ma144, the market has entered a standard downward rebound cycle, even if divergence, it is not confirmed that this is the bottom.We're just looking at the rally, and we have to see if we can break through the ma144. Second, when we look at the weekly line, many people will compare the current position with the adjustment made earlier last year, namely b and c. The trend of these two positions is similar, so many people think that it is the end of the adjustment.But I would like to suggest that there are a lot of similar trends, and in early 2018, or a, so here is the bottom logic, there is no inevitability.At the same time, if we compare the two positions of A and B, we also have a very high similarity.For example, it was also a record high at that time, the macd high dead fork, and now it is more exaggerated, the weekly macd is divergence, theoretically adjusted for a longer cycle.The goal of the weekly line adjustment should theoretically be ma144, which is the yellow line in Fig. Third, let's look at the monthly line. If you call up the bitstamp chart (this is the most complete K-line chart I have found in the existing exchange), you can clearly see the upward trend of the 5 waves. According to the wave theory, the next step should be the downward trend of the abc.While this seems exaggerated, you see the monthly macd already facing a death crossing, and from the macd adjustment cycle, at least 6 months, so getting out of the abc may not be without. Above is what I concluded from the chart, but any prediction is wrong, and the prediction is just a reference for our transactions.When it comes to trading, there should be a quantifiable strategy. What I have long used has been the macd + ma18 strategy, which is not the sharpest offensive weapon, but he is indeed the best balanced and the most stable strategy. In addition, for the current position, in the end is the middle of the bull market, or the beginning of the bear market, there are some reference conditions.For example, new all-time highs appear, of course, can abandon the bear market view.Or that the weekly macd forms a gold cross.But these references may be more lagging, so for the specific operation, macd + ma18 may be more appropriate.Any strategy, there will also be the possibility of success and failure, so the strategy fails, you also have to strictly implement the stop loss, this is the qualified trade.by peter-l114
A possible forecast for the next 8 months!This is a weekly chart, I usually use weekly charts for the long-term forecasts! My approach may seem very odd at the very first glance, but if you are looking at the symmetric pattern of exponential upward and downward moves, it becomes clear that this approach could explain the possible price pattern in the chart much better! As you see pattern 1 is completed and pattern 2 will be finished in 6-8 weeks! Pattern 3 is pure speculative which must be considered after pattern 2, however, there is always a chance deviation in the forecasts! If you are trading bitcoin this chart may help you make better trades in the direction of the most probable longer-term pattern! If you like this chart, you can make this set-up yours by pressing the three dots below the chart, and then save the chart layout for yourself! I will update this chart as needed! * In a short time frame we always have some positive days between negative days! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Shortby Moshkelgosha4434
Room for more Downside, Up is still trendIt appears btc is going to continue falling atleast 20%. However, not to fear bitcoin is still on track to hit 100k by year end. I recommend buying bitcoin at around 35K.Longby Quantstreetbets2
The last chance to change the trend in the next 24 hours This analysis is based on Elliott's Multi-timeframe wave count in three times daily, 4 hours and 1 hour, and I hope this will happen. Longby mortezaakhUpdated 0
Leverage Manipulation on BitcoinCool story bro's about "whale manipulation" are common. Here is some evidence. The "Liquidation Spike" of December 3rd started with the 8:30am US Jobs Report. The move triggered a cascade of stops and liquidations across the cryptocurrency market. In the days prior there was a dramatic increase in leveraged short positions being opened. On Bitfinex the leveraged shorts increase by 275% over 7 days. When the move down happened these short positions closed into profit from where they were taken. Gravity seemed to pull price down the retest the low. Now on this move to breach the Liquidation Low there is another noted increase in short positions likely trying to force out stops and leverage longs. The battle ensues! My thesis remains that cryptocurrency has entered the bear phase of its cycle. Shortby norok3323
The next 3 days..!Happy new year everyone, and Thanks for following me in 2021. The current Bitcoin price pattern is very similar to the price pattern during the correction between April-June 2021. In both cases, we see a sideway after a sharp drop. I think there is a good chance we see price action to 45.5 K in the next 1-5 days and then a 10-15% increase in the price up to 52K. This analysis will be updated in the next few days! Do not rush to open a long position! wait for a proper reversal pattern! Wish you a year full of success and prosperity! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Longby MoshkelgoshaUpdated 3327
jesus walked so you could crawl btc bitcoin heres the gamplen ye matey get wit the program!!! by blockchaingod0
BTCUSD rebound..Don't forget to click on the follow button and ask any questions should you have them! Here we have our BTCUSD chart. One of the more stable cryptocurrencies available to trade is BTC. Yesterday, we saw a rapid fall on poor news sentiment. Remember we are very careful with our risk management because assets like this can be volatile. It is essential that your position sizes are correct in order to protect yourself from these times. As well as this your trading method Must be accurate to ensure you are buying and selling at the correct time and in the correct places. The mixture of these aspects creates the core for an accurate trading plan you can go to the markets with everyday and make profit from. On our current BTC chart we are still looking long. Our targets were hit BEFORE yesterday's fall, but on the rise we are looking long again. It is important that you understand buying low and selling high leads to profitable trading. This is the only way... Longby WillSebastianUpdated 2
Short Term BTC countThis is a potential wave count for BTC. A break out of the macro wedge with an impulse wave. This wave has now retraced to the .768 fibonacci. by thekevinUpdated 110
We may see a correction in Bates in the $48000 areaWe may see a correction in Bates in the $48000 area Then we may go to new areas after the correction and break $53,000by Tegdz0
COMPARISON OF XBT, SLV AND GLDThis comparison was made to see and determine which has been more effective to fight inflation. by jonathanrodz070
After a great fall and come with a great hikeHave been following and even trade with bitcoin in 2021. And this is really a great experience. It is more than just stock or forex which you have no idea why it is going up and why it is going down when it move. You will be spoon feed with news later. So call "Buy on rumors and sell at news, wise versa" this is true. However, rumors are really named as rumors for certain reason. Ending the 2021 with a giant up trend channel which is usual for bitcoin. Noting is small gain in this world which we have to take it or leave it. Learning to hold or stake stable coins is my next move and already doing that with terra network under the Anchor platform. Just message me for URL if you are interested. However, this market remain hot and interesting due to a lot of young active energetic moneys are involved. You can check up the tik tok to prove me wrong. Merry Christmas and Happy 2022. Covid with the Omicron had sunk the markets for a bit however, once the report is optimistic, bitcoin take no waiting and recover. This is really scary. No body able to predict with the graph. It suppose to take a rest at 40k isnt it, however, it does not happen. -It do behave like these, it know what all think and react the other way. Playing cat and mouse game. Regard silver.by silvermerlion0
BTCUSD Corrective patterns A B CAlready I have mention all things by technical analysis on the another hands if descending line breakout then we will see again bitcoin all time high.Shortby GhazanfarTaderUpdated 221
BTCUSD The 2nd rally of the elliott waveBTC breakout last important resistance levels. I believe that BTC will go $12,000 because Now Alt Section has started. Let's see If you feel that my analysis is okay. Please like and FollowingLongby GhazanfarTaderUpdated 5
what would be the next target?Entry: 50500 Stop loss: 48000 Reward/Risk: 3.2 Target range: 58500 Time Frame: 4wks Possible gain: 15.86% Possible loss: 4.96% Position size: 5% of trading capital You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Longby Moshkelgosha3316
BTC LONGBTC long is breaking out a significant daily trend and already crossed up 99 MA!Longby Dayako0
Choppy crypto market..!In the past 2 weeks, you barely find 3 candles of the same color in a row..! A choppy market refers to a market condition where prices swing up and down considerably, either in the short term..! or for an extended period of time. A choppy market is often associated with rectangle chart patterns and volatile periods where a trend is not present (or the trend is difficult to trade). A choppy market is one where the price makes little overall progress up or down; instead, it oscillates back and forth. A choppy market can occur during any timeframe and in any market. A choppy market can occur because participants are awaiting a catalyst, buyers or sellers are in balance, or the price is whipsawing due to conflicting reactions and opinions on a news event. A risky approach could be: Buy after 2 red days and sell after 2 green days! until we see a clear trend! Reference article: www.investopedia.comby Moshkelgosha2215
Consolidarion after the sharp declince...!Major cryptocurrencies experienced a 27-40% decline in the past 3 weeks and now they made a consolidation pattern! Interestingly, they made 2 positive days followed by 2 negative days of small cycles, and they barely move in one direction for 3 days in a row in the past 12 days! This shows weakness and in the decision in the market! Conclusion: Neutral until we see a breakout! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.by MoshkelgoshaUpdated 1113
Bitcoin: Decision time, 40k? or 50k?Over the past few weeks, we have seen Bitcoin repeatedly reject 50k, 49k and now 48k on its downtrend. As we now battle support at 46.5k, will we hold and regain support at higher levels? Or will we succumb to our last support at 40k? Id like to know your thoughts.Longby karlanmeyers2
Bitcoin scenarioGiven that Bitcoin has been declining over the last 4-5 weeks, there are two good support areas S1:40000-42000 S2:29000-31000 Price differences in exchange offices cause price tolerance Depending on the circumstances, one of the three scenarios is possibleLongby ehsankhyr0
Here are possible entry and exit for BTC Bull RunI'm completely a beginner and this is my very first analysis, would like to receive your feedback in order to learn more and better. So feel free to lend some feedback. What are your thoughts about BTC, your entry and exit? Wish every Traders a profit day. by TraderSemedo0