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Bitcoin-usd

🔥 How High Can We Go? Bitcoin Fibonacci Analysis Says UP 🚀In this analysis I want to talk about the comparison of the current end-of-bear rally and compare it to the one we got in 2019. This analysis is based on just 1 previous occurrence, so deviations are possible and expected. Some key points of the 2019 end-of-bear rally: 🔶 It took 28 weeks from top to bottom. 🔶 The price topped at the 0.618 Fibonacci retracement line. Found heavy resistance in the blue target area. 🔶 The first 20 weeks (where we currently trade) was a ~+85% move. 🔶 The majority of the pump occurred AFTER the first 20 weeks. When we extrapolate the above to the current market conditions, we can potentially expect some sizeable moves in the near future. 🟡 In case of a 28 week rally, we will top in the week of 5-12 June (8 weeks from now). 🟡 The top will be between roughly 42k - 49k. However, there are also some differences. 🔷 Where 2019 saw the majority (in percent) of the move after the first 20 weeks, I reckon we've seen the biggest move already. 🔷 Notice that we're currently already above the 0.236 (red) Fibonacci Retracement. In 2019 we were still 18% below it. Nevertheless, I think it's valuable to look at how the market traded in 2019. Yes, we're in very different market conditions, but the market does not really care it seems. Furthermore, we're comparing it to only one previous end-of-bear rally, so take it with a grain of salt. In the end, I'm convinced that there's still more gains coming. We are not going to see new all-time highs any time soon, but a move to 40k is definitely in the cards. Do you think the top is near? What are your predictions? Share in the comments 🙏
Long
by FieryTrading
20
Bitcoin ranges By looking at the chart it's quite clear that BTC has 2 very distinct and important ranges. The blue range between 15.3k & 25.2k has been our home for the past 9 months, by splitting this range up into quarters on the 1d chart you can see that price on many occasions respects these given levels. The orange range is where we are now, we've broken up past the 25.2k range high and have now entered a range of 25.2k & 32.4k. These prices were set between may and June of 2022 while price was extremely bearish. As the chart suggest price is respecting the quarters of this range already and if we assume they will continue to do so this could be an efficient strategy for swing trading between quarterly limits. The price ranges of these given segments are show to the left of the chart, this emphasises the need for risk management in a bear market and it's a lesson a lot of traders including myself learn the hard way. By holding onto BTC while it drops from 25.2k to 15.3k you would lose 39% of your investment, for that to break even again BTC needs to increase by 64%, it's something that a lot of people don't take into account so just a little reminder to some beginners. A lot of people have positioned themselves waiting for a retest of the 25.2k area to ensure that we have entered a new range. I do think it's possible however the market rarely does what the masses expect.
INDEX:BTCUSD
by ProR35
2
BTCUSD Potential Forecast | 9th March 2023Fundamental Backdrop 1. Upcoming NFP print can dictate the direction on BTCUSD. 2. Fear and greed index is inclining more towards "fear". Technical Confluences 1. Price is in a bearish trend, forming lower lows and lower highs. 2. Price has rejected off a H4 resistance zone at 22169. 3. Price looks poised to tap into the H4 support zone at 21400. 4. Price is well under the ichimoku cloud, signifying bearish intent. Idea I will be looking for price to continue its bearish momentum in the market and for price to retrace back to 15000 region. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
COINBASE:BTCUSDShort
by OlympusLab
BTCUSDT As you can see, Bitcoin has started its upward trend, but there are important resistances ahead that we will examine. After three steps of movement, there was a reversal, which failed to engolf the trend base, so it can move up to step 4, which we have specified, and from there it will test the first drive again, and if it cannot engolf the first drive, it will move to step 5. And there is an important resistance that can make the price fall sharply. (Be careful, this analysis is completely personal and is not a buy or sell offer, write me your comments) Be successful and profitable.. COINEX:BTCUSDT KUCOIN:BTCUSDT BINANCE:BTCUSDT
by irantrex
BEYOND THE CHARTWe can see on the EMA Ribbon that the previous attempt to change the trend was unsuccessful. Latest attempt has been successful and we will see a continuation shortly. It is worth noting for those who are unaware; This coinbase price chart is missing the price mark down phase and accumulation phase. Referring to this chart only will make it difficult to find the best possible target. The BTC / AST pairing is also driving the volatility as more capital (when compared to fiat) rapidly enters and leaves. I am basing my analysis and targets on the information above.
COINBASE:ASTUSDLong
by ASX1X
$3000/Oz of GoldThere is a potential massive cup and handle on the Gold weekly chart. It should be noted that Cup and Handles don't usually play out over these very long time frames. Furthermore, the handle is not as clean as you might expect although online resources state ... "After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback." The handle doesn't always have to be a clean inverted arc. Given the above caveats, the chart is undeniably bullish even at first glace. Maybe we can see a Cup and Handle play out on this time scale. If it does come to fruition, expect a massive increase in volume as Gold breaks over the highest point in the "cup rim". The end result of such a move would target the $3000/Oz level. Enjoy. Please like and subscribe so I can get access to streaming and start producing more content.
TVC:GOLDLong
by FredCat5150