BITCOIN 3D Bearish Pattern UpdateAccording to the chart, the important downward support area has been broken in the 3-day time frame, and if we lose the support area, we expect a fall. Otherwise, to reverse the upward trend, it is necessary to break the upward trend line.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin-btcusd-btc
Bitcoin short-term view - cloud of resistancesBitcoin short-term update
(a) BTC with a short break below $16,530 but back at FIB golden pocket again
(b) bullish if we break the resistance cloud (trendline + SMA + EMA + $16,960) will be hard to achieve IMO
(c) bearish at lower lows
Have a great Day dear Crypto Nation
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BITCOIN The RSI is the key and is hanging from a thread.Bitcoin (BTCUSD) on the 1D time-frame is consolidating while the RSI just bounced on its Higher Lows trend-line that started after the FTX crash (November 09). This is as tight as it can get in terms of a Support as throughout the whole year, when the RSI broke below its Higher Lows, the price dropped aggressively (red zones).
Right now we are on a hold or break point. Do you think this pattern will continue and a break below the RSI Higher Lows will deliver a new drop of at least -26% (that would push the price to around 13500) or this time is different?
Feel free to let me know in the comments section below!
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BITCOIN Has a mountain to climb but theres light down the tunnelIndeed Bitcoin (BTCUSD) is far from being at its best shape as not onlt was it rejected last week on the 2D MA50 (blue trend-line) but the RSI did so also on a Resistance Zone holding since last March.
The pattern since the June low is a Falling Wedge and that won't seen to be able to break to the upside unless the price breaks above the 1D MA200 (red trend-line) which by the first week of January should enter the Falling Wedge. Only then, after breaking this trend-line that has been intact since December 31 2021, can we expect Bitcoin to turn bullish long-term. Until then, the top (Lower Highs trend-line) of the Falling Wedge poses as the next rejection point/ Resistance.
The only indication showing that there may be light down the tunnel for Bitcoin is the U.S. Dollar Index (DXY). This has been dropping significantly since September 26 and even though as you see on the chart they have a negative correlation, Bitcoin broke this after the FTX crash. With the Dollar continuing to drop, it would appear that when the crypto market gets past this fundamental effect of fear and uncertainty it left, it will shoot up aggressively to cover the lost ground to the upside.
Do you think the market is far from getting back to normal again and capitalize the Dollar drop? Feel free to let me know in the comments section below!
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NASDAQ100 equal Bitcoin equal NASDAQ equal BTC 👀👀NASDAQ100 equal Bitcoin equal NASDAQ equal BTC 👀👀
Both assets at the important FIB golden pocket on the 12 hourly chart🚨
Will we see a support rejection soon dear Crypto Nation❓
Give ♥️ if you ♥️
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Bitcoin and the $16,500 mark👀Bitcoin and the $16,500 mark👀
Not only an important price level on my current short-term charts I share with you
Look at the BTC reaction 2 YEARS ago👀🚨
A daily close above the yellow wick limit line would excite me - you to dear Crypto Nation❓
Let me know your thoughts in the comments🤗
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Bitcoin shorting opportunity This is a BTC shorting opportunity with target at 6700/6800.
Reasons that I follow:
1) 3M macd negative crossover and stochastic negative crossover heading is pointing towards a large range sideways move.
2) 1M macd negative is below signal line and below xero line. Stochastics in oversold zone.
3) 1w macd in negative territory does not reap any bullish signs of buying sentiment.
4) prices is below all averages on D,w.
5) many FUD news on the block.
Bitcoin short-term view - watch $16,530 volume support‼️👀Bitcoin short-term update
(a) BTC with perfect touch of mentioned $16,530 volume support‼️👀
(b) further bearish break target at $15,800 - $15,460
(c) first bullish signal would be breaking $16,960 again
Have a great day dear Crypto Nation😎
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BITCOIN 50% of stocks above 1D MA200 = RallyThis is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon.
Initially a few weeks of volatility takes place but the process already kicks in. Bitcoin's RSI is displayed in orange to give a better perspective of where we could be historically compared to prior bottoms. As you see, it tends to lag behind the stocks' indicator when it breaks above 50% .
Do you think the pattern will be repeated again? Feel free to let me know in the comments section below!
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GOLD 4H Channel & SupportGiven the chart in the 4 -hour frame time, the price is on the upward channel, which, if preserved, we expect to climb the channel after colliding. If the floor of the channel breaks, the loss to the specified area is not unexpected.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin short-term view - SMA & EMA supportBitcoin short-term update
(a) BTC found support at SMA & EMA as supposed yesterday
(b) a second bearish leg to $17,195 of $16,960 likely
(c) bullish when breaking $17,500 again
Have a great Day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Do your own research before investing
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BITCOIN Pivot rejection, important 4H MA50 test! Buy or sell?Bitcoin (BTCUSD) immediately got rejected upon entering the 18200 - 18900 Pivot Zone (blue), which as we mentioned in our previous analysis was the former Support Zone from June until November (having multiple rebounds/ circles) now turned into a Resistance.
The price broke again below the 1D MA50 (blue trend-line) and is headed towards the Support of the 4H MA50 (red trend-line). This is a critical Support level as within the greater Falling Wedge pattern that started on the June 18 Low, every time the price broke below it after a Lower High, a major sell-off was initiated.
However all Lower Highs (peaks) within the Falling Wedge, have take place after BTC broke above the 1D MA100 (green trend-line), even marginally (green circles - August 15, September 13 and November 05). This hasn't happened yet on this Nov/ Dec rally and the 1D MA100 is currently just above yesterday's peak, inside the Pivot Zone and a little lower than the Falling Wedge's top (Lower Highs trend-line).
As a result, unless the 4H MA50 breaks, we still believe there is (at least) some upside left on this BTC rally. Perhaps the 1D RSI can give an additional edge to finding the top after it enters its Resistance Zone. Below the 4H MA50, we expect 16000 to be tested while even a Lower Low on the Wedge's bottom is possible.
As for the long-term, only a break above the 1D MA200 (orange trend-line) which is unbroken for nearly 1 year (since December 31 2021), can restore the bullish trend and confirm the new Bull Cycle.
So what do you think? Is there one left High to make or Bitcoin will break below the 4H MA50 first? Feel free to let me know in the comments section below!
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Bitcoin short-term view - BTC got rejected at $18,355Bitcoin short-term update
(a) BTC got rejected at my mentioned $18,355 resistance
(b) we also lost important $18,000 mark
(c) but a further correction to $17,500 where we might find SMA & EMA support would not be concerning at all
Have a great Day dear Crypto Nation😎
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BITCOIN Long Trade 2022Nov29Signal: Blue * 3 -> Green
Risk Reward: 2
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Bitcoin short-term view - bearish divergence on RSI⚠️Bitcoin short-term update just before #FOMC meeting
(a) BTC with a nice pre-pump above $18,000😎👍
(b) bearish divergence on RSI⚠️
(c) $18,355 next bullish target🐂
(d) correction to $17,500 always possible🐻
Exciting before Jerome Powell speach dear Crypto Nation❓
Let me know your thoughts in the comments🤗
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Do your own research before investing
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Total amount of stable coins transferred on-chain vs Bitcoin📝Overview
This indicator measures the total amount of coins transferred on-chain.
Only successful transfers are counted.
(Glassnode)
📈Analysis
In this chart I put the main stable coins.
Looking at the on-chain volume, the highest volume so far was reached on Nov 08, 2022, at the bottom marked in the red circle.
Looking at it, the break of this support would be accompanied with a new record in volume.
🔎Binance
Looking at Binance's stable coin in isolation, we have a temporary new all time high.
Bitcoin - BTC Renko-chart Support zones⬜️🟦🟥 Bitcoin Renko-chart Support zones⬜️🟦🟥
Get a clean view by filter out the noise dear Crypto Nation🔇😉
BTC zones to keep an eye on👀
⬜️$18k - $19k
temporary lost
🟦$16k - $17k
were we are now - green candle might come up🟩
🟥$11k - $13k
Let me know your thoughts in the comments🤗
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Financial Wave. BTC m15BTCUSDT, 15min
Our preferred scenario in Bitcoin was confirmed by a rise towards $18,000. A continuation of the uptrend is the most likely scenario for BTC. A rise in wave 3 could lead the price of Bitcoin to the next target of $18,800. Our variant allows for a corrective fall to $17,500, a fall below $17,100 will change the wave structure and our priority scenario.
Bitcoin short-term view - BTC broke mentioned resistance channelBitcoin short-term view update
(a) BTC broke yesterdays mentioned resistance channel and might confirm it by a close above $17,244
(b) bullish target still $17,500
(c) bearish target still $16,500
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do your own research before investing
The content shared is for educational purposes only and is my personal opinion