Get started

1-XBTUSD

Bitcoin | Just Hodl it..!! #BTC Analysis :- Bitcoin Price has Dropped 50% From All time High in Last 6 Months, Bears in Complete Control but Bulls will be Back Stronger..! Keep in Mind that If You Still Surviving the 6-Months Bear Phase then You Definitely Deserve the Bull Run, Just Hodl it. In Weekly Chart, Bitcoin has been Consolidating in Triangle since January 2021. RSI has also been Moving Below the Trendline since January 2021. So Bitcoin Bulls need to Defend the 30k Crucial Support & Reclaim the 42k Resistance to Confirm the Triangle Upside Breakout. If Triangle Broken Upside, Expecting Another Bull Run like September 2020.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITFINEX:BTCUSD
by Faibik
12
Bitcoin (BTC) - May 9hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1W Chart) Resistance: 37243.4-38200.0 Support: 32275.6-35280.2 Strong support: 27054.1-29840.6 As with the previous flow of sections A and B, it is necessary to check whether support can be obtained near 32275.6 this time. A break below 32275.6 is expected to touch the uptrend line (1). However, there is a possibility that it may rise within the square drawn in the 35280.2-38200.0 section, so careful trading is required. (BTCUSDTPERP 1D Chart) Primary resistance: around 38200.0 Secondary resistance: 39915.9-40500.3 1st support: around 32275.6 2nd support: 27054.1-29840.6 It is expected to break below the bottom section formed by falling below 35280.2. This means it will continue to decline further until it forms a new bottom. However, we need to check if it leads to a sharp rise like this trend when it declines to around 32275.6. If there is no sharp rise and a steady decline below -10% means that expectations for an uptrend are relatively low, the trade can proceed. As the price rose above 20K, it formed a new support zone in the 27054.1-29840.6 zone. Therefore, a decline to the 27054.1-29840.6 section is expected to receive strong support. (1h chart) (eng) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. (The OBV indicator displayed in the price chart is an indicator that will be displayed in the price chart by changing the formula from the existing secondary indicator OBV indicator.) It is necessary to check at which point the newly formed OBV indicator point is formed. The OBV indicator rose from 7230.4 on May 6 to around 35980.3. Since then, the price has decreased and is currently forming around 34813.3. It is important to be able to sustain the price above the OBV indicator point. The OBV indicator is the indicator you want to display when passing the '0' point. A point of '0' on the OBV indicator means that the buying and selling pressures are equal. Therefore, it can be interpreted that buying is dominant when it rises above the OBV indicator point indicated on the price chart. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
btc 5-8 update~good evening folks, btc seems to be taking the chill route. this route pushes down to 22k over the next few months. ----- >watch for a few raids in the days ahead, >followed by a little short squeeze once enough liquidity has been captured. cash is king during these times. all of the moves up will be sold into (most likely). scalps are the way for the time being. ps. the (triangle) case still remains in tact but is very improbable as of today. once the low of 32.9k is breached, the triangle becomes nothing more than history.
by notoriousbids
1
btc 5-6 update greetings, what i have portrayed here is a potential path btc could take to get to the 22k algo target. (not saying this is what's going to happen; this is just an idea). ----- it's not going to be straight down like some people are expecting; we'll see a short squeeze somewhere along the way to push the bears out of the market before the final leg down comes. ----- as mentioned a few days back, i still remain to be in cash. there's no real sign of life for now, thus - no reason for me to be a buyer yet. if a sign of life appears, i'll let you know. have a nice weekend peoples 🥂
by notoriousbids
6
few more scenariosgreetings o/ as btc approaches my buy zone ($33,250), things are starting to get heated in the market. --- let's entertain the idea where btc invalidates the triangle idea; because let's be honest - it's very likely that it will. there's plenty weakness in the market, and if it was to drop below the low from jan 24th (32918.7) i could see two potential paths which it could take. #1 - the green path (my worst nightmare lol) green projects what we call an expanded flat in elliott wave theory - where the low is breached in a 3 wave move - all the long stops are raided, but a big player buys right into it causing a squeeze to the upside (most likely to that 50k zone). #2 - the red path (the chill scenario) btc would basically just continue playing out the impulse to the downside + bounce once more time along the way to form a simple zig-zag. that zig-zag would complete the larger wxy which had begun back in november. downside target on both of these sits at 22.8k (the larger wave 4 algo target). --- while i do prefer the triangle, i can't be attached to it. so if it was to get invalidated, i would be ready for whatever shenanigans this market was to throw my way. stop losses are your friend, cash is king; stay safe my peoples. ✌
by notoriousbids
2
Bitcoin (BTC) - May 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 46487.52-49266.69 1st support: 37253.81-38150.02 2nd support: 32259.90-35045.0 It is important to see if you can move up along an uptrend line. (1D chart) Primary resistance: around 39942.38 Secondary resistance: around 45135.66 Support: 35045.0-38150.02 - 37253.81-38150.02 - 35045.0-36244.55 To break the formed floor section, it must fall below 35045.0. It must rise above 38150.02 to turn into an uptrend. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
bitcorn (primary case)good evening o/ firstly, i'd like to just say; i've shared all the bear cases i could think of, and while they might look appealing to some - they don't look that appealing to me. i share tons of scenarios, even the ones i am not that big a fan of. why? because the market isn't linear, and i like to be prepared for every possible outcome. most people just buy and hold things< <i'm in cash 95% of the time. all of my trades are short term scalps (in either direction). ask any single person how much they made since btc topped out back in november; then ask me 🥂. ---- i saw this correction coming before it even topped out. people called me absolutely ridiculous for even considering the idea of btc dropping back down to 30k, but i stuck to it, and we've come a really long way. no hard feelings to all the bag holders, but i'm not about that kind of lifestyle. ---- ---- ---- last night i shared a chart on the dxy, check it out if you haven't yet: that dxy chart is the reason why i believe that a bottom could be looming right around the corner, (in the next 1-2 weeks in the overall markets). it rhymes beautifully with the spx500 as well: add the current level of fear into this equation, and we got a perfect storm for a massive bull run on the horizon. ---- the majority of the market is absolutely bearish right now. the majority of the market is also wrong 95% of the time. people get emotionally attached to ideas, which in turn makes them lose moneys. i have 0 attachment in this market, 0 bias. all my trades are based off the chart patterns that are presented to me on a daily. i might not be right every single time, but it's not about being right - it's about risk management. ---- ---- ---- if my theory for the dxy holds true, there's a good chance bitcoin runs to $100k+ in the year ahead, there's also a really good chance the spx500 runs to $5750 during the same time. ---- the trade here is simple; if btc manages to stay above $32918.7 (stop loss below) the triangle idea will become a reality, and all the brave souls buying into this fear, will be rewarded big time. 🥂 ps. i always go with the unpopular opinion. ps2. it's fine if btc goes below the bottom trendline(don't panic), so long as it stays above 32.9k, we are good 💰.
Long
by notoriousbids
11
Bitcoin (BTC) - May 7hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: 39915.9-40500.3 Secondary resistance: around 45163.4 Support: 35280.2-38200.0 - 37243.4-38200.0 - 35280.2-36230.0 During the volatility period of 2-4 May, it failed to rise to the 39915.9-40500.3 section, the primary resistance section, and showed a larger decline. It is necessary to check whether there is support in the section 35280.2-38200.0, which we think is forming the bottom. If it falls below 35280.2, it is highly likely that it will fall below 32275.6, so you need to trade cautiously. At this time, what is important to look at is whether the trading volume explodes. In the coin market, the transaction itself is atrophied due to many external factors. Therefore, even if the price rises, it cannot survive and has no choice but to fall. If the volume explodes as in the previous case when it falls below 35280.2, it is expected to rise above 38200.0 and turn into an uptrend. (Reference) When I say transition to an uptrend as mentioned above, I'm referring to a trend in the short term. Before the decline on May 5, it was possible to rise above the 39915.9-40500.3 section in order to turn to an uptrend in the short term. However, due to the decline on the 5th of May, there is a lower section to turn upside down, so you can maintain the price by rising above 38200.0. From a mid- to long-term point of view, it needs to rise near 42K to turn into an uptrend. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. It shows that the reverse arrangement of the indicator passing through section A is converted to the normal arrangement due to the decline on the 5th of May. -100 indicator: 40640.1 -> 36382.4 Accordingly, if it rises above the 36230.0-36534.7 section, it is expected to rise above 37243.4. Although the entire support section is the 35280.2-38200.0 section, it is considered that this support section is divided into the 35280.2-36230.0 section and the 37243.4-38200.0 section. So, we need to see if we can find support and move up in the 35280.2-36230.0 section. Although the High and Low indicators are showing an inverse arrangement, they are expected to switch to a normal arrangement in the not-too-distant future as they are short-term indicators. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - May 6hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 46487.52-49266.69 1st support: 37253.81-38150.02 Second support: 32259.90-35045.0 It is important to see if you can move up along an uptrend line. (1D chart) Primary resistance: around 39942.38 Secondary resistance: around 45135.66 Support: 35045.0-38150.02 - 37253.81-38150.02 - 35045.0-36244.55 After a period of volatility around May 3, there was a significant decline. You need to find support in the 35045.0-36244.55 zone, which is the support zone, and see if you can climb along the rising channel. To break the formed floor section, it must fall below 35045.0. To turn into an uptrend, it needs to move higher than 42373.73. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
btc 5-5 update pt.2greeting humans 👋 as we approach the level i've been discussing in my last few posts, things are looking great. 34.9k is the 🔑 in the local zone. a break + back-test of that level will result in a deeper drop, but i'd still be a buyer down there with a stop at 32899 (if stopped on the initial setup) ---- a conservative target from 35k would be roughly 40.1k ~ 43k. ---- stop loss is your friend don't blindly buy in based off my charts; do your own research. none of this is financial advice, just my opinion. 🛸
by notoriousbids
5
btc 5-4 update ~good afternoon ladies, gentlemen, moonbois and girls. bringing to you some secret sauce for brunch today. --- i'm watching for something along these lines to play out; it might not happen exactly as portrayed, but this is the sort of vibe this market is giving me today. a deep push up to back-test that 40k range, followed by a strong impulsive move to down to 34.9k where a significant bottom will be created (in the mid-term). i'm not bullish nor bearish at this time, just swinging both sides as the opportunities present themselves. ✌
by notoriousbids
11
Bitcoin (BTC) - May 5hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: 39915.9-40500.3 Secondary resistance: around 45163.4 Support: 35280.2-38200.0 - 37243.4-38200.0 - 35280.2-36230.0 During the volatility period of May 2-4, it approached the 39915.9-40500.3 section, the first-order resistance section. However, if you do not find support within the 39915.9-40500.3 range, further declines are likely, so trade cautiously. In other words, it could fall to the 35280.2-36230.0 section. The reason for this is that the trend shown so far is in a downtrend. (To be precise, it is in the middle of a downtrend in the sideways section.) The 39915.9-40500.3 interval is an important interval that can change the trend shown so far. We need to see if we can find support and move up within the uptrend channel. The next volatility period is around June 5th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. Indicators passing through section A are inversely arranged. Therefore, it is highly likely that volatility will occur, so you need to trade with caution. The point to watch is whether you can climb to the 39915.9-40500.3 section. If it does not ascend, you should check to see if it is converging on the 38711.8-39915.9 section. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 4hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 46487.52-49266.69 1st support: 37253.81-38150.02 2nd support: 32259.90-35045.0 (1D chart) Primary resistance: around 39942.38 Secondary resistance: around 45135.66 Support: 35045.0-38150.02 - 37253.81-38150.02 - 35045.0-36244.55 You need to make sure you are getting support within the rising channel passing through the support section. To break the formed floor section, it must fall below 35045.0. To turn into an uptrend, it needs to move higher than 42373.73. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2