BTC Bitcoin: A Drop Is ComingHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
BTC Price looks like it is headed back down based on the RSI and MFI. Focus on the Fibonacci Retracement levels.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Bitcointrading
BITCOIN TRADES TAKE PROFIT 📉📉📉📉 Hi there my friends, i was talking to you about BITCOIN bullishnes and various fundamental reasons why i expect it to rise to 45.000$ as a first target, well our target was hit. For now i am out of every trade on BTC, i am still bullish from a fundamental context but not from a tecnhical perspective. I will wait for the price to make a retracement back into H4 imbalance + bullish orderblock that is located around 43k price area.
PLEASE REMEMBER that we are still bullish within a strong bullish market strucutre but for now its just not a DISCOUNT PRICE to LONG IT, wait / be patient and then execute.
What do you think ? Do you agree with my analysis ?
Patiently waiting for a drop on BTCAs said in our previous analysis, price is heading towards our SELL zone which you can clearly see in the video. We're expecting another reaction in that area which should push the market down to our target levels.
If you guys are holding any long positions make sure to watch out for reversal signals and close them in profit, or if you don't currently have any trades on BTC but you're looking for an entry, then I would suggest waiting for the right moment.
We're expecting a potential reversal around the 44K level which should provide us with some decent entries.
Watch the video to find out where are the key levels on BTC.
Don't forget to leave a comment!
BITCOIN LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN as we are in a bullish market strucutre on a HTF (W1) and on the LTF (H4) the price is clearly making higher highs and higher lows with bullish BOS meaning we should go higher from there. I think we will hit 45.000 institutional figure where a lot of liquidity stays above
📉 From a fundamental perspective we are strongly bullish on this chart, market seasonality + fear/greed index + fed rate hikes and the correlation between US500 and BTC.
📉 I will attach a photo and a explanation of BITCOIN EXCHANGE RESERVE so you can understand why we are strongly bullish from a macro perspective.
What do you think ? Comment below..
BTC halving cycles, rhyming history & gauging bottomsIn the chart displayed I took the logarithmic growth of bitcoin and explored historic trends and figures that can *potentially* be used in predicting an unpredictable market.
Note that there a multiple logarithmic growth curves for bitcoin online and my thesis is based on the curve seen in the chart provided by @quantadelic on TradingView so big thank you to them. This idea can be invalidated on other log curves hence the note.
Other than that I sourced halving dates from: Deltec
None of this is financial advice and I am only doing this for the sake of having fun charting and sharing an idea that might bring you some value
As seen from the 2012, 2016 & 2020 halving $BTC always starts off with a huge expansion phase followed by a contraction phase after peaking and finally a smaller expansion/consolidation approaching the next halving cycle. Provided that we have only seen 2 cycles play out it is difficult to make estimated guesses due to the lack of data but nonetheless we utilise what we have.
The 2012 expansion lasted for ±367 days while the 2016 expansion lasted for ±526 days. Provided that history repeats itself we can acknowledge that bitcoin has established its peak whether that be peak 1 (mid April ±336 days after halving) or peak 2 (early November ±546 days after halving) using previous cycle day counts and can now expect to find a trough. I believe these were both local tops this cycle and that we still see a global top this cycle explained later in this piece. Approximately a year after a cycle peak we see a mass capitulation event that marks the trough AKA the cycle bottom. We saw this play out in the 2012 cycle where bitcoin capitulated about 400 days after peaking & in the 2016 cycle where bitcoin capitulated almost exactly 1 year (364 days) after peaking marking the trough. If we apply history to the current 2020 cycle (and to its double top i.e to each peak) I expect BTC to find a bottom anywhere between April '22 (±1 year after 1st peak) or November '22 (±1 year after 2nd peak) anywhere along the logarithmic growth curve, as it has historically bottomed there. It is important to note that the curve does not define a bottom and we can still nuke further (see March of 2020 covid black swan outlier where bitcoin fell 50% below the curve). There are a lot of macro factors that can cause another nuke such as a nuclear war, no pun intended or a global recession. This should be considered before bidding and understanding risk accordingly, although I believe bitcoin will flourish in either of these scenarios as it is the hardest money out there.
Finally back to the idea of a global cycle top, if history repeats then bitcoin should closely rest on the logarithmic growth curve meaning that towards the next cycle one bitcoin should be valued at over one hundred thousand united state dollars. Am I certain bitcoin will be valued at that? Not at all, I have no clue other than the logic I wrote here. It will take a massive amount of spot bids to get us over 100k and am only basing this off of historical price chilling at the bottom of the logarithmic growth curve. I will personally DCA and bid anywhere along the bottom of the curve, as always DYOR. You may have also noticed that I did not comment on bitcoin peaking at the upper band of the curve, this may or may not happen before the next halving and I prefer not to comment.
This is my first time writing something like this. I hope you enjoyed reading and found value in my idea on how things will play out. Happy trading
twitter: psycryptocat
BITCOIN LONGS 📉📉📉📉 Expecting bullish price action on BTC as we have a clear bullish market strucuture. Doesn't look like price wants to go lower, we have a lot of liquidity above the BSL area 43.000 price area. I think we will smash this target on into the weekend.
Crypto/Fear Greed Index right now is in EXTREME FEAR meaning we have a nice buying opportunity from a market sentiment standpoint.
What do you think ? Where we go next ?
BTC/USDTIn my previous post, I said if BTC can't break the resistance that I draw we can see a downtrend
Now in this chart, I draw you a blue trend line untile BTC could not break this blue trend line we can see a downtrend
Comment your idea below
Ta zamani ke BTC movafagh be shekaste in khate ravant ABI rang nashe ma hamchenan shahede harekate nozoli khahim bod
Bitcoin: Inside The TriangleHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
BTC Price looks like it is headed back down. The chart shows how many touches on the top and bottom of the triangle in both price and RSI. Keep an eye on the 0.382 Fibonacci Retracement level as well as the 0.618 level if price starts moving up. Also if price starts heading upwards, keep an eye on the Ichimoku Cloud resistance above.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITCOIN LONGS 📉📉📉📉 Expecting bullish price action BITCOIN as price takes out all the liquidity below old lows, and made a quick push higher. I think we saw a stops cleaned before the bullish move into the 44-45k to fill the bearish imbalances.
We are in a RISK ON MARKET SENTIMENT on the start of this week.
What do you think ? Comment below..
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD).
BTC price is inside a triangle pattern and is back into a support zone. The BTC price may make an attempt to get back to the top of the triangle but will get resistance at the S/R line as well as the Ichimoku Clouds. RSI and MFI has room for growth and MACD turned bearish. The chart has multiple Support and Resistance lines and zones. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
💥$20k BTC Is Coming...The Chart NO ONE Is Looking At💥 (Part 1)Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities.
Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
This analysis is part 1 of a 2 part series in which I will make the (unfortunate) case that Bitcoin will eventually reach the low $20,000 range before rallying back up to +$100,000 and hopefully higher.
In this chart, the setup is Bitcoin on the Weekly time frame, set to a Logarithmic scale with 50/200 Moving Averages. This is one of the best charts to observe the true macro nature of a cryptocurrency. And since Bitcoin has the most historical data, it's a great chart to use to put the crypto market in perspective.
Going all the way back to 2014, there have been a total of 4 times in which the price fell below the 50 MA. And EACH of the previous 3 times, the price has come all the way down to the 200 MA before bouncing back up. It has taken an average of 250 days for the price to touch to 200 MA after breaching the 50 MA. This would put Bitcoin in a continued downtrend until somewhere around August/September 2022.
Of course within this downtrend, Bitcoin may have rallies to $50k or something but the strong historical evidence is that there will be a continued downtrend to the $20,000 range.
Why does this happen? The technical mechanics are that many of the large Wall Street firms are not actual traders hunched over their computers using MetaMask to buy & sell crypto. It is estimated that 70% of all stock market and crypto volume is bots. The Wall Street firms have basic rules for their bots such as sell crypto if the price falls below the 50 MA and buy buy buy as much as possible when the price gets to the 200 MA. It all becomes a self-fulfilling prophecy.
What are your thoughts and opinions on this forecast?
The more we all chat about this, the stronger and more profitable we can all become.
Bitcoin Prices = the $42900-$43500 range.Will It Be Respected ?
We still have all day tomorrow March 10 to respect the convergence zone between published last February 28, despite the high volatility of the markets.
Prices are now returning to the lower bounds of the long term and short Term of the blue moderate Flow-Lines calculated according to econophysical principles.
Following the respect or not of the convergence zone calculated at the end of the last month we will then be able to establish new targets for the future.
Tomorrow will be an exciting day ! What is your opinion ?
Xavier
Bitcoin might drop again and why ?Hi,
First of all, congratulation everyone, who followed the trade from last post. We got 40% profit. In this post we will discuss about the potential move for bitcoin.
Right now, BTC is at 39-40 k resistance zone. After the recent dump, we cant see any whale buy which suggest still BTC lower is out there. From last 4, 4 hours candle we don't see enough strength in volume, which can break 40K. Moreover, Bitcoin is following a ascending channel and the bottom is around 35.5K. As BTC already visited 37K support recently, I am expecting a dump towards 35.5 -36K. Furthermore, EMA ribbon giving all types of resistance at 39-40 k range. All suggest a good drop.
10X leverage only.
Short Entry : 38.8K-39.2K
Stop loss: 39.9K
Take Profit: 35.6K (Safest option: 36298)
Thanks.
Regards,
A friend who does trading mistake like you :-)
BTC last waveHello everyone,
I know it has been a while, but I have always been here. So far looking at my last post we nailed it with a touch of 34k and a bounce. However, I was expecting a much faster capitulation to 28k. Instead, we have been consolidating creating a classical triangle pattern, typical of wave 4 in Elliott wave analysis. In the chart, you can see I am expecting one last attempt from bulls to push over the strong resistance at 45k to then capitulate all the way down to 28k to conclude this retracement and start the new bull market.
Let s see.
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BTC Bitcoin Weekly Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).
The chart is self-explanatory. A recent Gravestone Doji Candlestick was printed indicating a bearish possible trend. There is also the concern with the bearish divergence comparing Price to RSI and MACD. Lastly, I showed the Fibonacci Retracement with the 1.618 level coming around $10K-$11K, which is also a heavy traded area on the VPVR.
This is the weekly chart so have some patience and until the chart shows something otherwise, the BTC price is looking bearish.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD).
Bitcoin price broke above an Inverse Head and Shoulders Pattern which was forming over the past few days. The measured move is shown on the chart. There is a Local Support and Resistance Trend Line which has been holding the price down for a while which Bitcoin needs to get above and it is currently trying to get above it. The line is also at the 0.618 Fibonacci Retracement area where there is also a strong support and resistance zone. There is Ichimoku Cloud support and resistance ahead. The price has made its way above the 4H EMA ribbons. RSI is currently facing a major resistance area. The MACD crossed bullish recently. Volume has been consistent over the past few days. Until Bitcoin price does not break above the local S/R line, it is still looking concerning.
Lastly, since early November 2021, I have been warning people of BTC and crypto market in general price drop. Crypto Twitter and YouTube influencers have money to make so they will keep pushing for higher price indications but be careful who you listen to. November 30, 2021 closing price was $56,987.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
💙💛 Bitcoin preparation for $30,000. March-April expectations.Hey guys! Its been long time since last update for tradingview:) If you like this chart, please use Like button 💙💛
In this hard time, all Ukrainians fighting for our freedom and peace🙏
Bitcoin price reached $45,000 price in early February. I have expected this move upside from $33,000 since December 2021 — here is the proof:
Now we are working in sideways trend, which is pretty slow, but wide range $44,000 - $35,000
Now we need to verify this structure by hitting (D) and (E) sides of triangle.
Target might be near $30,000 or even lower.
Consider to use low risk p osition sizes in current market environment, it may safe your investment. Don't trade against short-mid-term trend, especially with leverage.
Stay safe guys, and pray for peace in Ukraine