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Bitcoin-btcusd-btc

BITCOIN Break or fail on the November 2021 Resistance??This is Bitcoin (BTCUSD) on the 1D time-frame where we might be having perhaps the biggest development of the current Cycle. What do I mean by that? Well the 2021/22 Bear Cycle has been largely sustained 'thanks to' the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). The first major rejection it had was on the March 28 2022 Lower High, which happened to be also on the 1D MA200 (orange trend-line) and started the bearish leg of April-May-mid June, and the most reject minor rejection was on the September 13 Lower High which almost touched the trend-line. As you see, the price touched that trend-line again on October 04, hitting the 1D MA50 (blue trend-line) in the process and after a marginal break on a candle wick above the trend-line on October 06, it pulled-back below it again. However the sideways trading of the past two days is putting BTC on the November 10 2021 trend-line again, adding more to that uncertainty of the trend. What are you treating Bitcoin's persistence to trade around this trend-line as? Is it a break or a fail? So far it couldn't be more unclear indeed. Technically a decisive break can lead the price to the 1D MA200 for the first time since March 28 but that break alone would be one of the most critical steps of this Cycle towards starting the new Bull Phase. On the other hand a rejection has the June 18 Support Zone to test, which is also where the major Support trend-line of the 1W MA300 (red trend-line) is coming to. So is Bitcoin breaking to the upside or failing here? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
22
Bitcoin: How To Play The Range.Bitcoin price structure continues to point to lower levels even though this market is out of play. Out of play means it is a good idea to avoid it (especially on smaller time frames) until momentum reestablishes itself. In this article I want to point out some important considerations when attempting to time Bitcoin in this environment. Before I get into that, here's what needs to happen in order for momentum to increase: Price needs to close above 20,500 or below 18,500. What you are seeing now is a consolidation. ANYTHING that occurs inside this range is pretty much meaningless in terms of the bigger picture. This is not a "bitcoin can go higher or lower" analysis, it's about knowing how to adjust when Bitcoin provides enough activity for profit potential. If you have an opinion, and you trade on it, you are placing yourself in a situation where there is at least 50% chance of being wrong. That's gambling and not an effective way to extract profits over time. To better navigate this type of environment consider these points: 1. Gauging probabilities comes from evaluating price information (things you can see) AND environmental factors like macro fundamentals and market correlations (S&P). If you rely on a chart in isolation, you will not know how to weight scenarios or form reasonable expectations (and most likely get lured into fake guru hope appeals). Interest rates are still RISING (bearish for EVERYTHING) and stock market is poised to break lower. This means ANY bullishness in Bitcoin has very LIMITED potential as long as this trend continues. 2. Bitcoin price has YET to compromise a relevant resistance level. 22 to 25K is still intact and NOW there is a new resistance (lower high) established at the 20,500 level. Lower highs often lead to lower lows UNLESS the market offers a new piece of information like a resistance break. As long as this structure stays intact (macro fundamentals support this) LOWER prices are STILL in favor. While 18,500 manages to hold, it is less likely to continue if it is tested again. 3. Markets are HIGHLY RANDOM. This means NO ONE KNOWS where price will be in the future. THINGS CHANGE quickly. Markets are priced in terms of participant's perception of the future. Greed and fear are what move prices NOTHING ELSE. For these reasons, your focus should be accounting for RISK NOT profits. Probabilities currently favor lower prices, but that does not mean price will go to 5K. Currently 14K and 17K are the support levels within range. Account for these, ESPECIALLY if you are trying to accumulate inventory for a longer time horizon. This also means relying on things like oscillators, or conventional logic will NOT help you. You will NEVER know more than the market unless you have inside information. If you are flat, there is no reason to be in a hurry to take any action until the market at least shows signs of momentum. There is nothing wrong with WAITING for some form of clarity. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
15
BITCOIN Strong August Resistance cluster! Break or rejection?This is Bitcoin (BTCUSD) on the 4H time-frame as we are looking into the short-term price action on this particular analysis. As you see the price got rejected just below the Symmetrical Resistance that was first formed on the August 30 High. Since then we had another three (excluding the current) rejections or near rejections. However, an even more important Resistance level that this, is the Lower Highs trend-line that started after the August 14 High. At the moment this is located exactly on the 0.382 Fibonacci retracement level, which is another important level as it supported from Aug 19 to 23. So far the RSI on the 1D time-frame, hasn't hit the Resistance Zone that since July 19 has formed all major Highs, so there is some more room to grow. That is why I've plotted a potential Channel Up pattern (dotted lines) that fills up this void. As you see, there is high probability of trading within this pattern. A break below is a sell signal targeting the lower Support Zone (green). A break above however will still be limited to the 1D MA100 (red trend-line) and the 0.5 Fibonacci level. Only a closing above the 0.5 Fib can be taken as a buy break-out signal and only on the short-term, towards the 0.618 Fib. We can only consider a longer term buy if the price closes above the 0.618 Fib and target the August High. Do you agree with this short/ medium-term trading approach? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
6
[10/05] Beast Trading _ Today's NASDAQ & BTC Analysis Beast Trading _ Today's NASDAQ & BTC Analysis Bitcoin has suddenly shown a strong rise since yesterday and has been rising without adjustment. NASDAQ has also been rising tremendously steeply with a strong rebound since it hit a new low, and today I'm briefing you on the NASDAQ. This is the NASDAQ 4-hour chart. After being supported twice in the upward trend line that has been formed since June 17, the upward trend line has been broken, changed to the resistance line, received two resistances, and is still acting as the resistance line. Since renewing the previous low, which was an important position, it has risen sharply, raising it by nearly 750 points, and the upward trend is still strong. On the stochastic auxiliary index, the 4-hour (set value 533) index is slightly bent downward from the high point. On the surface, it means that there is a high probability of adjustment. Overall, the global economy is in a very negative situation, but so many people are looking at a decline that seems to be giving rise that people don't expect. In the case of Bitcoin, the downward trend that has continued for more than 300 days since the reporting point (69k) has been broken yesterday. It depends on the analysis, but I think we need to be a little careful because the long-term decline has broken through. If the bottom line of the DXY (dollar index) parallel channel is broken, the probability that the stock market will continue to rise is up If supported at the bottom line and the dollar index rises again, the stock market will fall It feels like the difficulty of the market itself has increased a lot. I hope everyone responds wisely in difficult situations and makes a profit. :)
SKILLING:US100
by BeastTrading_Sehyun
BITCOIN Can the Halvings time the Bottom?Those who follow our channels for long know that we are supporters of Halving approaches. Today we bring you such an approach that we've done in the past only this time is on its simplest version as we focus on one thing: purely Bitcoin's (BTCUSD) bottom. As you see, we have drawn all past three Halvings plus the next one (around March 2024) and plotted on them the Fibonacci Time Zones. The time-frame is on the weekly (1W). There is no need to overextend the analysis so I will be as concise as possible. The bottom on each of the past two Cycles has been around the 0.618 Fibonacci level (green vertical line). On the current Halving Cycle, the 0.618 Fib was on the week of September 19. That exact day and Sep 21 were the lowest levels for Bitcoin since the June 18 Low. If history repeats itself, then we should see a steady recovery, still within accumulation limits, and bullish break-out by early next year. For comparison purposes I display the price action of the past two Cycles from the 0.618 Fib to the next Halving and plot it on today's until Halving 4. They do diverge as they traded on different fundamentals (Feb - April 2019 were on the Libra news) but they both reveal that a break above the 1W MA50 (blue trend-line) would be the bullish break-out signal buyers look for. So do you think that this Halving approach can time the bottom? If not where do you expect the bottom to be at? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
12
Bitcoin: 18.5K Break Scenario.Bitcoin price action has produced numerous buy and sell signals that go nowhere. How best to interpret this? Objective answers come from price structure and context which I will explain in this article. Most importantly. In these situations, RISK must be accounted for on both sides of the market. Bitcoin is consolidating between the 20,500 resistance and 18,500 support. All of the price action between these levels is nothing but random NOISE. If you are considering swing trades, it is more effective to focus on the consolidation levels and the RISK. Having an opinion, trying to “figure out” the next move, or listening to others (especially those with very dramatic emotional appeals) can be very costly in this situation. Let’s now consider the risk. When prices consolidate, often volume is increasing on both sides over time. Meaning more and more participants are getting both long and short for countless reasons. When the market breaks one way or the other, half of this population will be wrong and forced out of their positions which is what often culminates into a dramatic break followed by price momentum. No matter what side you take, you need to be very aware of what “wrong” looks like to minimize getting caught on the wrong side of this. The scenarios here are simple, how you manage them is not. IF 20,500 is cleared and price closes above it, a short squeeze to the 22K to 24K resistance becomes more likely. If you are taking the bullish break out long in anticipation of the squeeze, 18,500 becomes your point of reference for risk. Keep in mind the long scenario, while it is possible, it is still NOT favored by the broader price structure or economic context. This means profit expectations should be LOWER. There is not enough evidence to call this the bottom of Bitcoin. 17K and 14K are still within range. IF 18,500 breaks, (which is FAVORED by structure and context), the bearish momentum should follow through quickly (like the next candle or two). Price targets are the low 17Ks and possibly 14Ks. Risk can be defined from the 20,500 level in this scenario. With the S&P sitting on lows and potential catalysts like NFP on the horizon, it is within reason to be more aggressive on this side. As I remind my followers often, the skill in this game is not “being good at charts”, it is being able to recognize when you are wrong and adjusting to risk quickly and confidently. “Thinking” will only lure you into the herd mentality. This game requires a passive mindset, which requires that you LISTEN to the market. Embracing the random nature of the market should prevent you from operating with any opinions. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
36