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Bitcoinanalysis

#Bitcoin Not Out Of The Woods, BTC Sell-Off ContinuesPast Performance of Bitcoin Bitcoin is weak at spot rates. Despite steep selling pressure, BTC is holding on. The coin is down 14% from peaks and likely to slip even lower, retesting February 2023 lows at around $21.5k. This is a critical support line that buyers must watch out for. If lost, the coin could tank toward the $20k level or worse. #Bitcoin Technical Analysis The path of least resistance, at least in the short term, remains bearish. This preview holds, provided prices are below $22.8k, and bars are banding along the lower BB. This signals strong selling momentum. If bears double down, the sell-off would likely continue. In this case, bears can set their target at February 2023 lows. This is the base of the bull flag that, if breached with expanding volumes, may trigger even more sell-off towards December 2022 lows. What to Expect from #BTC? Buyers are confident, and the uptrend is valid from a top-down preview. But, as aforementioned, bulls must reject any attempt lower below $21.5k. Strong rejections of the current bear run with expanding volumes and a wide-ranging bull bar could see BTC resume the uptrend towards $25k. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Is the bottom actually in? #BITCOIN 🧐I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts - There's Bearish FVG that will need to be filled eventually which is above 25k. - Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled ..... - #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k. - If we reject again off of the strong high, we could see price action test that low at 15k. 200 MA is key which aligns with the 25k area ‼ If we convingly lose it the bottom is in. - With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again. This area 25 is gonna tell us everything. There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time. Ended up being a fakeout & the bottom wasn't in. So Food for thought, this could very well be one of those times, again.
BITSTAMP:BTCUSDShort
by Nick.TkgProfits
4
Massive Crash Incoming On BTC -Watch This To Not Get TrappedBTC\1H Doing a pennant which is a sign of continuation With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400. Todays Events will totally spice things up even more than yesterday Dxy rising to 105 and holding it is a sign of Market getting weaker Please Boost,Follow,Comment if you find this informative Details on the video
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Volatile, Trend Bearish with Resistance at $22.8kPast Performance of Bitcoin Bitcoin is fragile at spot rates and may slump, registering even more losses in the days ahead. After yesterday's volatility, there was a spike in participation. At present rates, prices are down from the recent range meaning sellers are in control. #Bitcoin Technical Analysis The path of least resistance is southwards, and the coin is within a bear breakout formation. With the broader currency market lower, BTC may likely follow suit in the days ahead. Note that prices are range-bound, but yesterday's events favor sellers in the short term. Technically, any high below $22.8k offers an entry for sellers targeting $21.5k. This could change if there is a sharp expansion above the March 3 bear bar, reversing losses as buyers flow back as the primary bull trend resumes. What to Expect from #BTC? After gains from mid-December 2022, the uptrend might be over following losses last week. As aforementioned, traders can look to short on every attempt higher, targeting $21.5k, or lower, in the immediate term. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Flatlines, BTC Trend Remains Bearish As Trading VolumesPast Performance of Bitcoin Bitcoin continues to spin horizontally, within a bear formation, and technically under pressure. For the third consecutive day, bulls failed in their attempt to push higher, reversing losses of March 3. Per the candlestick arrangement in the daily chart, traders can look to short on every high below $22.8k, targeting short-term reaction levels. #Bitcoin Technical Analysis The path of least resistance is southwards. This preview is valid as long as prices are within the bear candlestick of March 3. Moreover, from an effort versus result perspective, sellers have the upper hand considering the thin trading volumes of the past three days. Notably, the coin is within a bear formation after losses below the recent consolidation of last week. In the short term, traders can look for liquidation, targeting $21.5k, a vital support line—previous resistance. However, the trend can quickly change should there be a high volume bar pushing BTC above $22.8k, effectively reversing losses of March 3. What to Expect from #BTC? Traders are optimistic, but candlestick arrangement points to weakness in the short term. Because the bear bar defining the current trend is conspicuous with expanding volumes, the odds of BTC tanking remain high. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Bitcoin can break of resistance level and to growHello traders, I want share with you my opinion about Bitcoin. Looking at the graph, we can see how Bitcoin is declining in the downward local trend. The price broke through the support line and level 22725 and dropped to the level 21970 from which it bounced. Currently, the price is trading above the support line and may continue to move upwards. Bitcoin can break through the resistance level and continue to grow. So the targets for Bitcoin I've set on levels 22725, 22970 which coincide with resistance line that also match fibonacci levels 0.382 and 0.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
#Bitcoin in a 3% Range as BTC Stuck within a Bear BreakoutPast Performance of Bitcoin Bitcoin prices were unmoved over the weekend and relatively uneventful. As a demonstration, prices remain inside a 3% range as the bears tower over bulls. The short-term trend remains bearish, and the path of least resistance is southwards. This preview is valid if prices are below the middle BB and $22.8k. #Bitcoin Technical Analysis Since BTC is within the March 3 bear candlestick, every high below $22.8k presents an unloading opportunity for sellers. The bar is wide-ranging, and the subsequent bars printed over the weekend have a tight trade range with light trading volumes. Since bulls didn't flow back and attempt to reverse losses, the immediate term trend is southwards. Subsequently, every attempt towards $22.8k might present entries for sellers targeting $21.5k. If there are sharp dip below last week's low, it will confirm losses of March 3, allowing traders to double down on their sell-off, angling $21.5k or lower. What to Expect from #BTC? Sellers are in charge, and the short-term trend is southwards. With the trend set and BTC within a bear breakout formation below the range of early last week, traders might look to sell, targeting the immediate support level defined in Q1 2023. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Try to regain 23.7 On WeekendBitcoin legdown around 5% and bounced back from the yellow support line which it touched before ( on the first dump) Please support and motivate me by Boost,Follow,Comment Usually a Friday dump into weekend does not tell me a real move , meaning this could be retraced and even go higher but if it loses 22K more downside is way more possible than up side. The liquidation around 24K is now 5M and high leverage is around 2M around 22.8 Detailed explanation on video Also if you want to talk about trades leave a comment Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
The Final Stage Of The CorrectionI'm bearish since Februari 21, mainly because of two simple reasons: - The price was rising for 51 days - Bitcoin touched the 200 weekly EMA, and horizontal support at the same price point. In my analysis of Februari 24, I expected Bitcoin to get a bounce or go sideways at the support zone of 22800 to 23200. At that point I wasn't really sure whether Bitcoin was bullish enough to stay above that zone. Now we've gotten our answer. It isn't. Now that Bitcoin has breached that zone, we can look at a bottom soon. As of today, we're at day 63 of Bitcoin's 65 daily cycle (on average). This means that it is likely we're seeing our bottom fairly soon, and in the most bullish case, that bottom is today. We're also looking at a falling channel, which is my favorite trading pattern. I'm now looking for a bullish divergence on an hourly chart, accompanied with sideways action. The bottom is in when those conditions meet.
COINBASE:BTCUSDLong
by FetchTeam
1
Bitcoin bears aint letting it go higherBitcoin/1H exited the rising broadening wedge and stopped at the previous point of pump. Please Follow,Boost,Comment.helps me wake up in the morning ^_^ With this bitcoin dump we expected a new Lower Low to form showing that BULLS are actually OUT of the market but Nope, it held the previous point of pump showing that Bulls still have little bit more left BTC can comeup ~22.7 perform a bullish retest and goes as high as 27K stopping at the bottom of a CME GAP , jebaiting the moon boys and then crash down at the Next important Event ( FOMC , CPI ) IT could Also legdown another 5% getting close to the 20K gap , meaning no more upside and the down trend actually started. Fundementals + detailed explanation on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Crashes Below Consolidation, Path Back to $21.5kPast Performance of Bitcoin Bitcoin is down at spot rates, crashing below the consolidation as sellers step up. After earlier confidence, it is evident sellers have the upper hand per the formation in the daily chart. At present, the coin is trading below $22.8k, mirroring losses of February 24. #Bitcoin Technical Analysis The bear bar of March 3 defines the short term. It is a breakout bar and wide ranging, marking a continuation of the February 24 candlestick. Since the coin is now below the previous consolidation, traders may look to short on every attempt towards $22.8k while targeting $21.5k in the short term. What to Expect from #BTC? From a top down preview, buyers are in control. However, after today’s bear breakout, the short term trend has switched to bearish. Support will be the immediate targets at $21.5k and February lows. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#BTC Emergency Short Update!Bitcoin is currently trading right above 2 trendline supports. I am expecting a bounce here, however, if we break the current support we have two scenarios to look at. 1. A BEAR Trap with a deviation of around $19.6k to $20.8k. 2. A short-term bounce from the current level respecting both trendlines. You earned more than 10 times in the last 2 weeks o avoid leverage and staying mostly in USDT and BTC. You know it if you follow me on my other social platforms too. INVALIDATION:- Close below $19.6k in Daily. My actions:- Looking at Potential Altcoins + Scaling into BTC with the USDT reserve slowly. Do your own research, This is not financial advice. Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
by Cryptorphic
2
Bitcoin Still Wants That 24.6 - Fighting between Bears and BullsBitcoin\1H Holding the bottom of the rising broadening wedge Yesterday we dumped and then we pumped back up BUT Bears pushed it back down. this down move tells me MMers trying to buildup more shorts before they push it higher It also indicates Bearish momentum is getting stronger and Bulls having problem pushing it up Please Boost,Follow,Comment if you find this informative Expectation is we either hit AROUND 24.6 and come back down. or the retest and liq grab of 24.6 wont happen and we break the bottom of the rising broadening wedge for good. Ive talked about BTC Correlation to SPX. SPX did bounce up a little bit yesterday but then it came back down,holdin the low showing weakness. Detailed TA on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
2
Bitcoin Preparation OutlookPrice of bitcoin is ranging in a bear flag. Zig zagging between 18500 and 22500. I believe we will see some zig zagging before we have another wave down. If price reclaims 22500 and we can clearly see it became support then we can have a bias towards a target of 25-26k and that would still not be enough to get bitcoin to start any real uptrend..... If we do not do break 22500, then I expect it to roll over and go to 15-17k price or lower. I think any of these options are plausible but I am leaning more towards shorting based on what I see price doing... There is not much telling us that price will go up... If the Yellow Support breaks that will be break the small trend we have and create lower low giving us reason to become more bearish towards 16k and 12k areas. This is a general guide not a full out plan... Be wise and use proper risk management. See my other post to see why I have 12k range as a target. It is part of a bigger head and shoulder pattern that has a completion area of 12k areas.
Short
by ELVTV
Bitcoin in a Trade Range, BTC Upsides Limited at $24.1kPast Performance of Bitcoin Bitcoin remains in an uptrend in the medium term but is in a consolidation in the immediate term. Even though there were gains on March 1, bulls didn’t push higher to break above $24.1k. From the daily chart, prices are still within the bear bar of February 24 and bearish in the short term. Unless there is a convincing breakout, there is a high chance of more losses in the coming days. #Bitcoin Technical Analysis BTC remains in a consolidation with caps at $24.1k and around $22.8k. The defining bar is the February bearish engulfing candlestick. Therefore, from an effort-versus-result perspective, bulls will only take charge, resuming the primary trend should there be a high-volume close above $24.1k. In that case, BTC may float to $25k, mirroring gains of February 15. Conversely, conservative traders can wait for a dump below $22.8k before selling on every attempt higher, targeting $21.5k in a cool-off after surges from mid-December to February 2023. What to Expect from #BTC? Buyers are confident, but price action ticks to favor sellers in the short term. Unless there are welcomed expansions above $24.1k, as mentioned above, reversing losses of February 24, sellers have the upper hand. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin exit of wedge and can continue move upHello traders, I want share with you my opinion about Bitcoin. Watching in the chart, we can see how Bitcoin the exit of downward wedge, and started moving up. Subsequently, the price decreased and retested the buyer zone, from which bounced back and begin to rise. Currently, the price is above the buyer zone and may continue move up. Bitcoin can continue to grow and reach the resistance area. Based on this analysis, I decided to set two targets at 24,300 and resistance area 24930-25250. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
#Bitcoin In a Bearish Range, Will BTC Break Above $24k?Past Performance of Bitcoin Bitcoin remains under pressure at spot rates, looking at the performance in the daily chart. Despite gains today, sellers were still in control since prices were still within the bear bar of February 24, a sign of weakness. Until prices break above $24.1k, the coin risks dropping in the short term. #Bitcoin Technical Analysis BTC is consolidating inside the bear bar of February 24, a sign of weakness from an effort versus result perspective. Support lies at around $22.8k. The only way to define the immediate trend is a breakout in either direction. Sellers will flow back if BTC losses $22.8k with rising volumes, confirming the bears of February 24. In that case, aggressive traders may sell on every attempt towards $23k, targeting $21.5k in a retracement. Conversely, if there is expansion with bulls lifting the coin above $24.1k, on the back of rising participation, the odds of BTC retesting $25k would be high. What to Expect from #BTC? Traders are buoyant. However, there must be confirmation. For this reason, conservative traders can wait for a clear trend definition above or below the current consolidation. Overall, prices might recover in the medium term from a top-down preview. However, there are hints of weakness for now, and bears are pressing on as the coin is capped inside the February 24 bear bar. Resistance level to watch out for: $24.1k Support level to watch out for: $22.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer