Bitcoin Analysis 14.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoinanalysis
The closing position of the candle can be a bullish signWell, Bitcoin is in a sensitive range after continuing to jump. Between $19,702 support and $21,240 resistance. Closing the candle close to the resistance can also be a prerequisite for climbing to the upper range of $22,000. We can expect price growth up to the range of $22,700.
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R.
My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon.
Technically speaking, above 21k is the resistance zone and from this zone, a correction could start.
Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade.
In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)
Bitcoin-TA-2023 Short Term AnalysisHello everyone, hope you all are doing good,
Not Financial Advice though.
It was a massive pump to 21300 something as i said in my yearly and other Bitcoin Analysis that Bitcoin will definitely test 30k zone somewhere in Q2/Q3-2023.,
So What next??? lets check the possibilities what will happen.
In chart i explained the 2 possibilities mostly can play out.
Possibility1: Reverse Head n Shoulders Pattern
pullBack = 18800k roughly
target = 29k roughly.
(Orange color)
Possibility2: If this move is failed move,
than target = 14700 roughly
(Red color)
I mostly expecting Bitcoin to move in upside direction with in this year 2023.
Thank you, stay safe and stay smart.
Bitcoin- 21k is callingHello traders,
As I was saying since the beginning of the year, I expect a rise from Btc in the first part of 2023.
Yesterday BtcUsd has broken above important 18k and now this level should act as support.
Buying dips in this zone could have a 1:4 R:R
Read my complete reasoning and my personal trade in Monday's post:
Bitcoin – last chance for bears!Hello!
Every time when my analysis go wrong I am trying to analyse what I did wrong. There were 2 mistakes:
1) I was right too often last 3 months about the market and I decided that I cannot be wrong. Thank you market for the cold shower which expalined me this mistake. I should cancel my trade when it went wrong.
2) I placed limit order instead of observing the market because it filled during the night. I was scared that will not enter at the best entry point.
As the same time I can praise myself for the excellent money management. This is the reason why this trade is not a disaster for me. Now I am going show you my new scenario, it’s always the same, but something was changed.
Let’s take a look at the 1D time frame of the WHITEBIT:BTCUSDT chart. I changed the wave 4 top to the $21500 level when the FTX collapse crash started. I decided to do it because the previous movement was too ugly to be the impulsive wave. $15600 was the end of the beautiful wave 1 inside wave 5. Now I consider the wave 2 end, which was represented as a zigzag correction. If you are not still in short trade you can use the setup from the chart. The Bitcoin now is testing the 0.61 Fibonacci retracement level. The majority of second waves reach this level before the reversal into wave 3. If the price will clearly break $20000 I am going to become the bull, because the bearish formation will be broken there. Promise you to become better. Please don’t hate me too much 🙂
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Bitcoin Broke Structure At the moment of writing this article, Bitcoin is breaking structure. According to the Fetch Trends indicator, we've also established a new uptrend.
Now, this does not mean we kickstarted a new bull run. What this possibly could mean is the end of the falling trend, and that we can expect to go sideways from here.
If the bottom is not in, 12-14k are my next targets. But for now, we stay short term bullish.
Bitcoin - a huge falling wedge is broken On the Bitcoin chart, on the daily timeframe, starting in June 2022, a pattern was formed - a falling wedge.
To be honest, I don't respect technical analysis patterns and think that only some of them make any sense. The wedge pattern is among them. If you analyze it on history, this pattern has a high win rate on higher timeframes.
I personally will not trade it, I have a different style of trading, quantitative trading (indicators), but it may be educational and interesting for you. Plus it is another prerequisite for continued growth.
Bitcoin broke the falling wedge. At the same time, we see that the price closed above the upper boundary.
So that is a positive signal. Closing below would be a negative signal.
🚀According to the rules, target = height = 42% ($26k)
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
#Bitcoin Powers Higher, Clears Liquidation Line at $18.5kPast Performance of Bitcoin
Bitcoin soared seven percent in the past 24 hours, rallying above the critical resistance line at $18.5k and shaking off the bear pressure of the better part of the last two months. Following yesterday's surge in prices, BTC is in green and looks set for the next leg up towards $20k or better in the sessions ahead.
#Bitcoin Technical Analysis
BTC bulls are in control. There are fundamental triggers behind this spring, vividly illustrated in the daily chart. Going forward, traders may look for entries to double down on every dip, within yesterday's bull bar but ideally above $18.5k. This preview holds because yesterday's bar is with rising trading volumes and wide-ranging, breaking above a multi-week liquidation line. The immediate target for optimistic buyers is at $20.7k, marking November 8 high.
What to Expect from #BTC?
Inflation is reducing as the FED takes congruent steps to tame raging consumer prices. This is impacting asset prices positively and building confidence. As long as inflation continues to fall, BTC stands to gain even more. In the short term, primary support is at $18.5k.
Resistance level to watch out for: $20.7k
Support level to watch out for: $18.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart.
Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern.
As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway.
A move back to the lower line is a warning and could signal the pattern is failing.
BTC Bitcoin: Directional MovementToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The current upward momentum on the BTC price may be short lived as the RSI is very high in the overbought region. I have shown two directions which the price can move towards. Keep in mind that BTC price volume is still low, which is a concern. Expect some downward movement to cool off the RSI before price really makes a directional move.
I have been calling drops on BTC since November and December of 2021. Be careful to not follow the hype train which many social influencers put up.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BTCUSDT - pending Inflation. The expectation of a short- Came to the area I marked in the video
here -https://www.tradingview.com/chart/BTCUSDT/g0HMDQc6-bitcoin-nachalo-bychbego-trenda-2023/
here-
here-
I started longing since January 22
The markets are coming alive because of the injection of money into the economy through military companies that produce weapons and so on. written here
money injection
Now it's more likely to see a correction than an acceleration. A big sign of this: a friend I wrote to 2 months ago who I told to buy crypto and invest in the market. But he only matured today. He says he wants to buy (haha, bitcoin is up against resistance, I am waiting for a pullback price, but he wants to gain a position).
What else to add: Broke through the trending orange.
But there was no test. So we wait for the retest a trendline. If it confirms the breakthrough. Then we will see in the near future 30k prices on the Father *BTC* .
What are your thoughts?
Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame.
Be sure to try reading this post to get additional information about today's post.👇
According to the post above, Bitcoin is pulling back to the heavy support zone it missed.
The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone).
Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇
🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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#Bitcoin Peeling Higher, Next Stop $18.5k?Past Performance of Bitcoin
Bitcoin is up four percent versus the greenback in the last trading day as the coin peels higher. The brief consolidation of the weekend has been straightened as activity is re-injected, heightening volatility. With prices above $17k and $17.5k, BTC may easily breach $18.5k as the coin turns the corner.
#Bitcoin Technical Analysis
The path of least resistance is, in the short term, northwards. Specifically, the coin is within a bullish breakout formation, confirming the bull bar of November 30 and December 20. As it is, every low may offer entries now that the upside momentum is firm. Notice that BTC bull bars are along the upper BB, pointing to decent upside momentum. Provided prices are above $17.5k; every low is a loading opportunity for optimistic buyers angling for November 9 highs.
What to Expect from #BTC?
BTC is technically bearish, per the formation in the daily chart. Even though bulls are in control, the coin is trading within the bear bars of November 8 and 9, a net negative from volume analysis. Until BTC breaks out from $18.5k, the coin may form the base for another leg up to $20k, or better.
Resistance level to watch out for: $18.5k
Support level to watch out for: $17.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin is about to crash!Hello, my friends!
The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days.
Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3.
The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit.
Best regards, Ivan
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#Bitcoin Turning the Corner, BTC May Spike to $18.5kPast Performance of Bitcoin
Bitcoin is shaking the weakness of December, rallying seven percent in four weeks. This week's expansion is bullish since it keeps prices above $17k and December 20 highs, confirming demand. For this momentum to be sustained, BTC buyers must add to yesterday's gains, pushing and maintaining the coin above $17.5k. At this pace, BTC could be pushed towards $18.5k.
#Bitcoin Technical Analysis
Buyers are upbeat, judging from the formation in the daily chart. Even though there were attempts to reject upside pressure, the sharp bounce on January 10 is bullish. As it is, traders can load the dips, targeting $18.5k in the short term. Supporting this preview is the solid bullish engulfing bar of yesterday. This bar kept prices above $17k, sustaining the coin above December 20, a bullish formation. Since bars also align with the upper BB, the upside pressure is higher. Therefore, if prices are above $17k, traders can ramp up.
What to Expect from #BTC?
Bitcoin is turning the corner. However, fortunes could change if the coin blasts above $18.5k. There are hints towards this, especially if there is a follow-through of yesterday's developments. In that case, BTC could easily pierce above $18k, triggering more demand.
Resistance level to watch out for: $18.5k
Support level to watch out for: $16.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
BTC Bitcoin Santa Claus RallyBTC Bitcoin tends to follow the stock market in price movement.
U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for BTC Bitcoin is $17340.
Looking forward to read your opinion about it.
#Bitcoin Off To A Start Strong, Will BTC Bulls Prevail?Past Performance of Bitcoin
Bitcoin prices started the week strongly on January 9. While the coin is trading above $17k and banding along the upper BB, pointing to interest, it remains to be seen whether the uptrend will continue. BTC bulls must close above the immediate resistance line for trend definition. From the daily chart, the January 9 bar closed as an inverted hammer with a long upper wick pointing to liquidation in the NY session.
#Bitcoin Technical Analysis
Overly, bears are in control, considering the formation in the past few months. Critical resistance and support lie at $17.5k and $16.5k, respectively. Even so, the expansion of prices on January 10 and the surge above $17k is bullish. Presently, traders can look for entries, but only once there is confirmation of yesterday's gains above $17.5k. In that case, buyers can load the dips, targeting $18.5k or better. The liquidation in lower timeframes may cancel the uptrend, slowing down buyers. Subsequently, BTC may drop lower due to subsiding upsides. Still, if BTC remains above $16.5k, buyers stand a chance.
What to Expect from #BTC?
Buyers are confident that the bear run is over. Nonetheless, for trend definition, there must be substantial gains above $17.5k and $18.5k in the near term. If the surge confirms the gains of January 9, BTC may float to $18.5k and even $20k in the coming weeks.
Resistance level to watch out for: $17.5k
Support level to watch out for: $16.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.