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Bitcoinanalysis

BTCUSD (02/02/2022)Bitcoin Intraday Analysis (Bitsmap): As we have been able to see in the macro scale of the charts published in previous weeks, the key indicators in the Bitcoin cycles have been warning us of the theoretical price bottom of around 15K. Today we are going to try to introduce this theoretical bottom with the end of the bear market and the possible introduction in a few weeks of a new period of pre-halving accumulation. Some of my Intraday indicators to show this proximity to new movements are the ones shown in the chart: - Exit of the high selling pressure funds in the PA, introducing new touches in the high area (buying pressure) - Exit from the consecutive lows of RSI introducing new rebounds in the band of maximums or overvaluation. - First cross of MAs moving averages and closeness to the second bullish cross. - Temporary end on a logarithmic scale of the bearish stage ---------- Análisis de Bitcoin Intradia (Bitsmap): Como hemos podido ver en la macro escala de los gráficos publicados las semanas anteriores, los indicadores clave en los ciclos de Bitcoin nos han ido avisando del fondo teórico del precio entorno a los 15K. Hoy vamos a intentar introducir este fondo teórico con el final del mercado bajista y la posible introducción en pocas semanas a un nuevo periodo de acumulación pre-halving. Algunos de mis indicadores Intradía para mostrar esta cercanía a nuevos movimientos son los mostrados en el gráfico: - Salida de los fondos de altísima presión de venta en el PA, introduciendo nuevos toques en la zona alta (presión de compra) - Salida de los mínimos consecutivos de RSI introduciendo nuevos rebotes en la banda de máximos o sobrevaloración. - Primer cruce de MAs medias móviles y cercanía al segundo cruce alcista. - Fin temporal en escala logarítmica de la etápa bajista
BITSTAMP:BTCUSD
by AVNGL01
#Bitcoin Bouncing Higher With Targets at $25k Past Performance of Bitcoin Bitcoin prices stabilized on February 1, initially dumping before pumping in the New York session. Besides technical factors, macroeconomic elements are in play following the decision by the FED to increase rates as expected to 4.75%. Bitcoin remains firm, and the coin may break above $24k in buy trend continuation, shaking off losses of early this week. #Bitcoin Technical Analysis Bitcoin prices are steady in the daily chart and bullish, appearing to resist attempts for lower lows. Still, the coin remains within the bearish engulfing bar of January 30. The good news is that the bear bar of early this week was with relatively low trading volumes, favoring bulls from an effort versus result perspective. Therefore, as it is, and factoring in FED's declaration (a fundamental event), traders can buy the dips, expecting the coin to retest $24k. Considering the current formation, aggressive traders can double down in lower timeframes with targets at $25k in the short term, provided the coin trades above the $22.5k support line. What to Expect from #BTC? BTC looks likely to break the immediate resistance line as fundamentals provide tailwinds. After the bearish engulfing bar of January 30, BTC bulls could reverse losses and align the trend established in mid-January 2023. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BITCOIN price, SP500, FOMC-Fed Funds Rate. Today will be hot🔥In 9 hours (from the moment the idea is published), the FOMC meeting will announce the new Fed Funds rate At the previous meeting on 12/14/2022, the rate was raised from 4.00% to 4.50% And then, the forecast was more than 70% that on 02/01/2023 the rate would be raised by another +0.5%, and on 03/22/2023 +0.25% However, over the past month, US economic indicators have shown positive dynamics , sometimes even better than expected. CPI 12/01/2023 - 6.5%, and GDP with a forecast of 2.6%, - 26.01.23 = 2.9%. Everything was as the Fed wanted and as the markets were "guided". Most financial markets took this news very positively, including the cryptocurrency market. Roughly speaking, the announcement of today's rate has already been "priced in" to current prices. Moreover, 99.7% expect that due to improved macroeconomic indicators, the US will announce a rate hike of only +0.25% today, not 0.5% as predicted a month earlier. And more than 82% believe that the rate will be raised by +0.25% to 5% in total on 03/22/2013. To summarize: - the announcement of a rate within the expected range of 4.50-4.75% will act as a driver for the continued growth of both the SP 500 and the crypto market. Of course, increased volatility is guaranteed, which may be used to try to knock "extra passengers" out of long positions with a squeeze down. - The announcement of a rate of 5.00% or higher is guaranteed to bring down both the SP 500 and the crypto market. How long the fall down will last is "another question". We have depicted these two possible scenarios as fractals. Which one do you like better: blue or white? Vote in the comments SP500 also has two possible scenarios: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
73
Too early to say that Bitcoin has entered a bullish trend?Is it too early to say that Bitcoin has entered a bullish trend? The weekly timeframe suggests that the overall trend might no longer be bearish considering the current price of Bitcoin has broken the upper line of the downward trend line. A factor that could prevent Bitcoin from moving higher is that it is approaching the 200 EMA period, which could be a strong resistance. Furthermore, there is a supply zone at around $24,300 that could pose a problem for the cryptocurrency's short-term upward trend. The narrative on the daily chart is almost the same, with the only significant change for a bullish signal being the closure above the 200 EMA period. On the other hand, the RSI indicator is giving an overbought signal. Currently, Bitcoin is in a consolidation phase in the daily timeframe within the range of the Darvas box.
BLACKBULL:BTCUSD
by BlackBull_Markets
2
Bitcoin is about to destroy the longs!Hello, everyone! Yesterday we had the long trade which brought us the very small profit. I closed the trade manually because price has broken down the low of the bearish reversal bar. You can find this moment in the previous idea’s update. Today we have the potential short trade setup with the very tight stop loss. 1h time frame of the BINANCE:BTCUSDT chart is showing us that the yestrday’s pump is likely has been ended. First of all, the Awesome Oscillator shows the decreasing momentum which means that bears took control in their paws. Also we have the fractal level at $22919 , if Bitcoin price will break this level I am going to execute the short trade with the stop loss at $23173 becuase the second up fractal is placed there. The profit target I chose randomly. Using the classical technical analysis we can see the triangle pattern which has been broken to the downside. This is not reliable sign for me, but it’s also the bearish sign. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
13
Will Bitcoin give us this long trade opportunity?Hello, everyone! Let’s continue our trading journey. Yesterday we had the successful short trade on Bitcoin, but tonight it gave us the early reversal signal, that’s why I decided to close the trade in solid profit and wait what the market will give us. Let’s take a look at the 1h time frame BINANCE:BTCUSDT chart. We can see the bullish reversal bar at the very bottom. This is the simply the bullish hammer with the large angle with the Williams Alligator red line. This was the first valid signal that the downtrend is weakening right now. Moreover the BTC has already created the first fractal above the red line. If it will be able to overcome this level at $22998 we can use the long trade setup pointed out on the chart. In case of losing support at $22738 we can open the new short trade because the potential trend reversal is not valid anymore. Anyway we should not try to predict the future, just trade the current market situation. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
3
#Bitcoin Closes January Firmly, Will BTC Break $24k?Past Performance of Bitcoin Bitcoin is firm when writing, looking at the performance in the daily chart. There were concerns that the coin could edge lower after the sharp correction on January 30. However, per the chart, BTC is relatively steady, and bulls managed to soak in selling pressure yesterday. Whether this could be a precursor for more gains is yet to be seen. How prices move today might shape the medium to long-term formation of the coin. #Bitcoin Technical Analysis From the daily chart, buyers are in control. The drop of January 30 may have meant traders were taking profit. Since prices are above the $22k and $22.5k support lines, aggressive traders might accumulate on every attempt lower. Even so, conservative, risk-on traders can wait on the sidelines until prices either breaks above $24k in a bullish continuation or drop below January 30 lows. In that case, BTC may drop to $21.5k in a retest. If buyers take over, BTC may float past $25k to $30k in the medium term. What to Expect from #BTC? Bulls are confident, but events early this week mean some might be posting cautiously. How prices react between $24k and $22.5k would define the coin's trajectory. It will be a relief if buyers take charge, allowing traders to accumulate their longs. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin is forming the bull trap right now!Hello, everyone! I hope you enjoyed my last two trades, it were extremely risky, but we took very nice profit. I have completely changed my mind about trading. As you know I have lost significant amount of money, shorting the market during current bull rally. It was the moment where I fully understood that market is unpredictable. That’s why I also revealed that Elliott waves are needed not for entering position and predicting the future, but for the verification if the market is in impulsive or corrective wave right now. I was too self-confident using waves and forgot about other Trading Chaos tools. Now I started to use them all. We have 1h time frame of the BINANCE:BTCUSDT chart. The price hit exactly my target for the long trade and started local retracement. Now we can see that it has already formed two up fractals and one downfractals. It means that we have the fractal signals for both sides, long and short. Looking at the higher time frames we can notice the multiple bearish divergeneces. That’s why in my opinion the long trades now are risky. I will remind you, divergence is the greatest predictor that the wave 5 has been ended. It is not the signal, just caution. What about potential trades? We have the key fractal level $23564 . If the price will break this level I am going to open short with the stop-loss above the second up fractal $23893 . take profit I am going to place at $22575 . But we have to watch out carefully the moment when price approaches the crossover of the trendline support and resistance, we can see the reaction from there. If the signal will be activated it is going to be under the red line of the Williams Alligator indicator. It confirms the signal’s validity. Awesome Oscillator has also shown us the short signal, which enhanced our thoughts. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
#Bitcoin Cools Off After Retest of $24k, Is The Bull Run Over?Past Performance of Bitcoin The near 50 percent rally from Q4 2022 lows might be coming to an end, reading from the current price performance. Bitcoin prices recoiled from around $24k, sharply reversing January 29 gains and forcing the coin lower. Even though the $22.5k support remains intact, the spike in selling volumes yesterday could point to weakness. #Bitcoin Technical Analysis The retracement on January 30 comes after momentum tapered. The bearish engulfing bar of yesterday has high trading volumes and is wide-ranging. Before the contraction, there were lower lows relative to the upper BB, forcing prices back to last week's trade range. As it is, traders may look to take profits. Bears could be back in control if BTC breaks below $22.3k, marking last week's range. In that event, BTC may slip to January 20 lows at around $21k. What to Expect from #BTC? The path of least resistance remains northwards. Still, after such gains, a retracement is inevitable. As a result, the odds of BTC falling back to $21k, or lower, remain high. This preview will shift if there are gains above $24k, with expanding volumes reversing yesterday's losses. Resistance level to watch out for: $24k Support level to watch out for: $22.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Bitcoin Bulls Extend Gains, Next Target at $25kPast Performance of Bitcoin Bitcoin prices are higher when writing, trading above the $23.5k level and on a bullish path. The BTC candlestick arrangement in the daily chart shows that the immediate support is at $22.5k, marking the consolidation from January 21. The alignment with the formation of the better part of January solidifies bulls' confidence and may see the coin soar above $25k or better in the days ahead. #Bitcoin Technical Analysis On January 29, BTC prices rose, trading above last week's highs. The result is a bull bar with decent trading volumes, an indicator of support. Therefore, traders can double down on dips above $22.5k, angling for more gains towards $25k or better. For this to take shape, today's prices must rise above yesterday's trade range. This way, the uptrend momentum would be sustained as prices break away from the bull bar following the consolidation from January 21. Technically, the upside trend remains as long as prices are above $22.5k and the November high. What to Expect from #BTC? Buyers are in charge, and the sentiment is valid as long as prices are firm and in sync with the general form in the past two weeks. At this pace, traders can target $25k in continuation of bulls of mid-January as BTC prices bottom after losses of last year. Resistance level to watch out for: $25k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
The Bull market for Bitcoin has been confirmedI am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib level. Bollinger Bands are contracting, indicating an imminent explosive breakout. In my opinion, we can begin preparing to revisit the $35,000 price level in the upcoming weeks. That is the next resistance point, specifically the 0.236 Fib retracement. Furthermore, the outlook on the monthly timeframe is highly favorable, which is in the process of closing within the next few days. Wishing you all a thriving bull market, my fellow Bitcoiners. Bull confirmed.
BITSTAMP:BTCUSDLong
by joerivdpol
Bitcoin – my intraday trade revealed!Hello, everyone! The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why. On the 4h time frame BINANCE:BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness. We have to buy only at the breakout, therefore I placed the conditional buy order at $23103 . This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to $24k , but after that the anticipated dump is about to happen. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
24
Bitcoin is about to explode!Hello, everyone! I hope you like my new analysis format with my intraday trades. Yesterday’s trade is still actual, but if you missed, you can use this one because it has much better risk to reward. On the 1h time frame BINANCE:BTCUSDT chart we can notice that the price is fluctuating around the teeth of the Williams Alligator indicator. It means that the market is about to explode an show us the impulse. Now we have the clear fractal signal if the price will break $23053 it can reach much higher levels. This breakout is going to be the trigger for bulls. Moreover we have the trendline resistance above and I suppose the Bitcoin should break this level to show us the higher high before the dump. Awesome Oscillator now is aslo gaining the strength, crossed above the Moving Average. It means that the momentum is rising. Very important we have to wait for the $23053 breakout to jump into long trade. The stop-loss should be placed just under the second down fractal at $22838 . Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
25
Next Bitcoin movesBitcoin broke out of the low 20K resistances and is approaching 25K. 20.5K is now acting as possible support. If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing. Long position 1: I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that. Long position 2: I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo. Short Position 1: BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts. Short position 2: If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical. Short position 3: BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts. Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run. Would love likes or comments, with ideas and other scenarios etc.
by KieranSeven3
3