Bitcoin Analysis: consolidation pattern or warning?Today's focus Bitcoin
Pattern – LH - Descending Triangle
Possible targets – 29,664
Support – 27,200 – 27,000
Resistance – 29,664 – 30,460
Indicator support – MA sloping down
Today’s video analysis is on Bitcoin after yesterday’s drop. Are we seeing a new momentum shift with a new LH or has price started to consolidate in a new price pattern? We have set out a few scenarios and breakdown the levels we are watching.
Is it just sheer coincidence or did JP Morgan’s rescue of First National pull the hedge rug out from under Bitcoins feet?
Thanks for stopping by. Good trading, and have a great day.
1-BTC
Bitcoin (BTC) • Range Update"are you not entertained gladiator?" - Bitcoin
Welcome to another weird range PA. Volume keep low and with new May open close to the April/Quarterly Open and 2021 Year we have a clear risk basis to attach directional bias.
As we trade under the April open we are back in bearish territory but as explained the the video (check it out) there are some orders here at 27k trying to protect the range and the biggest demand zone at 25k range across multiple exchanges.
In the video I walk through other data points that may or may not look bullish.
Make sure to watch the whole video to see where I am coming from in terms of the contextual view of current PA.
Reminder things like funding, futures and orderbooks are always changing with the market between video updates.
Hopefully with these video you get to improve your technical ability based on type of heuristics I generally choose to pay attention to on a daily basis.
Where is Crypto headed in the coming weeks?In this video, we discuss the application of the Ichimoku Cloud indicator to analyze multiple cryptocurrencies. The indicator is used as a tool to aid in future trades, particularly swing trades, and holding positions for longer periods of time. This video serves as an introduction to the methodology and sets the foundation for future videos that will expand on the topic. By utilizing the Ichimoku Cloud, the we hope to provide insight into making successful trades with cryptocurrencies.
BTC can STILL BE BULLISH after 50% dropHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Before you panic, make sure you check out this idea of yesterday on Elliot Wave Theory analysis :
From the video analysis on Bitcoin, we've confirmed that the bearish cycle is over and a new wave is starting. It's not uncommon for the price to drop 50% during wave 1 of the 12345 Waves. From a macro perspective, the price will still be in an uptrend. Note that this doesn't happen in a day, or even in a week but over a coupe of weeks, sometimes even 2-3 months where it seems like BTC is not going anywhere and the weak hands are shaken up before the parabolic run which is Wave 3.
I believe Wave 2 starts when CryptoCheck START v3.5 flashes a sell:
You can swing trade the Elliot waves in wave 2, but be ready when wave 3 arrives so that you won't find yourself positionless during a parabolic run.
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Bitcoin Strong Sell Signal:High Possibility It Will Break 27.2K Hello and welcome to another Bitcoin analysis video. In this video, we will take a look at the recent price movement of Bitcoin, which surged to $29.8 yesterday before having a sell-off and retracing back up to fill the fair value gap.
We will also use some technical indicators and chart patterns to predict where the price could go next and what are some of the key zones and levels to watch out for.
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BTCUSD BTC Bitcoin Technical Analysis and Trade IdeaIn this video we focus on the #BTC Bitcoin. We discuss different aspects evident on the charts including the trend, price action, price gaps, market structure, and a potential trade opportunity is covered. It is important to note that this is not financial advice and is meant for educational purposes only.
BTC - Detailed Top-Down Analysis 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for BTC .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC: 2 SETUPS for SWING TRADERSHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The bulls are weakening on the support zone as the price keeps chopping right on top of support. Should the price break the green trendline, a short setup seems reasonable. As soon as CryptoCheck START v3 flashes a sell signal, the trade can be taken.
While you're here, check out this update on BNB :
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BRIEFING Week #17 : March PCE as Game Changer ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Bitcoin (BTC) • correction zones of interestAs price get rejected out of 30.2 (week3 open) it also fails to sustain above 28.4 (april open ) we are in a bearish daily structure.
In this video we got through some technical zones and general trend basis. A look into the books and how it is in confluence with 50% levels.
I talk about growing funding rates as price mark down but without going through details of Futures meta data.
Also had no time (i had but managed timing poorly.... once again) to also cover perp swaps basis and futures premiums but they are showing ongoing short pressure against the major 25k support range.
It is important to be aware of technical zones and possible invalidation criteria are very important but ultimately we should no forget that the trend basis is our friend.
Trend&Momentum: 4H 🔴 🔴 • D ⚪ 🔴 • W ⚪ ️🟢 ️• M 🔴 🔴
BTC : A Scenario We DON'T WANT To See ⛔Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Bitcoin is consolidating under resistance zone of $29k - $30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under $25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around $19k.
I'm labelling this post as a "long" or bullish, because until we actually drop under $25K, I remain of the opinion that we've stared a new bullish cycle.
While you're here 👀 Check out this update on XLM which recently increased nearly 60% :
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We thank you for your support !
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Bitcoin setting up for a new continuation?Today’s focus Bitcoin
Pattern Trend Continuation
Possible targets 31,000 – 31,700 – 32,000
Resistance 30,500
Indicator support – EMA solid up slope CCI close a to 0 bounce
After a solid pullback to start the week, buyers charged back into Bitcoin on Tuesday, pulling back all of that session's losses. It was a solid move that kicked into gear once sellers broke 30,000 to the downside. Despite the bullish push, buyers where once again stopped at the 30,500 area.
Today sellers remain in control, but we are wondering if they can regain control and make a new push at resistance. A test and break could set up a new trend continuation trigger, and we would like to see this year's high and above tested if that happens.
The EMA continues to support the trend with a solid slope upwards, and the CCI came close to testing the 0 line. We would like to see the CCI move back into the oversold with a new move higher, but price is the prime focus in confirming the move.
If price moves back below 30,000 today or tomorrow, this would be a worry, and it could show buyer momentum might not be that strong. We would prefer to see yesterday’s high broken today.
Thanks for stopping by. Good trading, and have a great day.
BTC - Detailed Video Analysis From Weekly To H1 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for BTC.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BRIEFING Week #16 : Mixed Signals all Accross the BoardHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil