BTC Bitcoin Price Review - Short TermToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price looks like its forming a lower high as part of the downward market structure. There is a chance for the price to go higher as shown in the chart before heading down lower. Targets shown in the chart. To support the analysis, I have included the Ichimoku Cloud, RSI, Volume Profile (VPVR) and Fibonacci Retracement.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
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
Bitcoinanalysis
Bullish Divergence on Bitcoin Bitcoin has been in a downtrend a long time, last bear market i was here, i called the bottom, i longed 3,700 i will do the same this time too, bullish divergence on bitcoin 1 hour does not look great for bears.
Currently bitcoin is stuck in a liquidity lock but over the new years period this liquidity will decline and the liquidity lock will become reduced. From a fundamental perspective many are expecting global markets to worsen, i think these people are negative parrots that refuse to understand the technology and the adoption of that tech. I am a Bitcoin bull right now, below $20,000 bitcoin is a bargain, people would have done anything to buy here just a few months back, bitcoin needs to fill the liquidity gaps around 25-30k so this would be my target for early next year heading into tax season as weird as that sounds.
If you want to know more about my thoughts, follow me on YT.
Bitcoin Will Hit 13000 ? Bitcoin MARKET UPDATE
Bitcoin support levels - $16,300 and $16,000-$15800 strong Support
(is Ka Matlab yahan buyers hain)
Bitcoin resistance - $16,600 and $16,900 strong resistance
(is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC Support is at $16,300 and $16,000-$15800.Resistance is at $16,600 and $16,900.
BTC broke its 16600 support and made a wick towards 16260. 16300 level has acted as support. Manage risk strictly as per mentioned support and resistance levels.
BTC closed its daily candle red at 16438.Total Crypto Marketcap is at $795 billion down by 2.12% and BTC dominance is at 39.9%.
BITCOIN COULD BOUNCE | 4-7% TARGET LONGSorry reupload, need to clean the chart from indicators.
I'm not gonna explain the detail, just give you the scenes.
Let's start it
I was planning to change the setup but 17k level movement said "not yet", so here i'm still in long scenario.
Scene 1 :
if we have good close above 16.750 area it's possibly that we can go up to 17.400
Scene 2 :
if we have good break below the mid channel (violet line) it's possibly we would bounce from support (white dot) to 17.500
Anyway i'm more concern with scene 2
This is not financial advice, this is an idea that could help you to see a possibility on another view.
Always becarefull and keep on your own analysis.
Lately i was thinking about Binance about you know.., i love Binance anyway.
~Sinn
17'/12/"22 9:10 (UTC +7)
Fulfilling projections expectations 2023On Wednesday 14th December, 2022
We’ve placed an order at $18 140 to SHORT Bitcoin following our projections and Biz plan towards 2030.
Following our management plan; we expect to see more downside in Crypto Assets World.
Last week, the FED gave us every reasons to believe that growth will be retained; till we are able to see a better Economic Landscape in projections to the mid-ending of 2023 to the beginning 2024.
Carefully moving with wide eyes opened
Bitcoin – the bounce is possible!Hello, everyone!
As you know I am in short position and I am sure that the new impulsive wave to the downside has been already started, but local picture told us that we can catch the pretty nice scalp long trade.
Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. I decided to consider the waves 1 and 2 as it is shown of the chart. In this case the wave 3 reached exactly 1.61 Fibonacci retracement level – the natural target. Awesome oscillator minimum value also confirmed my idea that wave 3 has been finished. Oscillator has also crossed the zero line which is the minimal requirement for the wave 4 end. It means the we have to catch the wave 5 bottom to trade the potential bounce.
Let’s wait for the divergence and the bullish reversal bar to enter the long trade. Watch out my updates I will tell you when I am going to execute this trade.
Best regards, Ivan
BTC - Buy Low Sell High StrategyEveryone is asking the same question: When and where will Bitcoin find the bottom and where should I enter...?
To be able to answer this question at least a little bit, we present you the strategy "Buy low and sell high". This is actually the simplest strategy in investing, which is nevertheless done wrong by 95% of investors, because buying low and selling high is only a matter of opinion.
For one person Bitcoin is low at 50,000$ and he buys and for another person Bitcoin is low at 10,000$ and he gets in.
Therefore, the successful implementation of this strategy is based on precisely predefining the low and high points in order to be able to determine where a "low" and where a "high" is.
Entry areas
Defining this is harder than one might think, especially in such volatile times as we are currently experiencing.
Therefore, we do not focus on lows, but areas. We delineate the different areas with the help of trend lines and horizontal resistances in order to be able to determine, on the one hand, how low it could fall and in which momentum it is in the individual areas.
Accordingly, we have also shown the areas in gradient colours. The redder the areas the more bearish the momentum, the greener the more bullish!
You have to look at this the other way round in terms of investment strategy:
The redder the area, the larger my entries should be.
The greener the area, the larger my exits, i.e. profit-taking, should be.
Examples of strategy implementation
If you are only waiting for the one perfect entry and the one specific exit, you will probably have very little success. It is much more effective to enter in steps in such volatile markets:
According to market conditions:
You stay constantly on the chart and try to follow the individual levels and react to them. You are thus more spontaneous and can intervene manually.
Light red: invest small amounts occasionally
Red: invest medium-large amounts more often
Dark red: invest large amounts more often.
Light green: take small profits occasionally.
Green: take smaller profits more often
Dark green: regular larger exits/profit-takings
On the basis of fixed predefined entries
You set predefined orders for each entry range (light red - dark red).
E.g.: you divide 100% of your Bitcoin capital as follows:
Light red: 20%
Red: 30%
Dark red: 50%
For each of these areas you now define a price level in this area and place a fixed buy order with the predefined amount at the price level.
You can keep the amount of work small and place only 1 order in each range or if you want to be on the safe side, you can also plan e.g. 2-5 entries in each range.
You can set the weightings and entries (number and value) as you see fit, these are only intended as guidelines so that you can get an idea of what they mean. For example, we are only buying in the red and dark red areas, but not yet in the current light red area.
We would advise you not to plan any exits yet, we will do that together when the time comes again.
Further BTC course
As already mentioned, the redder the area, the more bearish. The green areas represent the price levels from which we would claim, if we reach them, to become bullish again and thus the next uptrends could come. The greener the area, the more bullish for the long-term chart.
We hope we could help you with your entry strategy planning!
Bitcoin Dollar can further go down.as we can see bitcoin/dollar has taken support at support level 1 as shown in chart and currently it is in consolidation range between 18500 to 24500 . we might see continuation of consolidation for while and at later month we might see bitcoin/dollar at level 13500 to 14500 range where the next support zone is ( shown in chart)at those level, it will be good opportunity to buy for longer term.
thanks.
#Bitcoin Retraces, Drops below $17k as BTC Upsides LimitedPast Performance of Bitcoin
The candlestick arrangement on the daily chart shows that Bitcoin flash-crashed at the tail end of last week. The 10 percent drop of BTC from December 10 highs punctured bulls' confidence, allowing sellers to take control. With BTC below $17.5k and $17k, price action favors bears, and the coin may post even more losses in the short and medium term.
#Bitcoin Technical Analysis
The path of least resistance from a top-down preview is southwards. Briefly, Bitcoin soared above $17.5k, reaching $18.3k early last week before recoiling to spot rates. Fundamental factors are accelerating the dump and aligning with technical formation. As macroeconomic reasons cap the uptrend, sellers can unload on every attempt higher towards $17.5k, or December 16 highs, the immediate resistance level, targeting Q4 2022 lows at around $15.5k. Notice that prices are still inside the bearish engulfing bar of December 16, with bears likely to reverse gains of November 30, where support is at $16.5k. Losses below this line may fast-track the dump to November lows.
What to Expect from #BTC?
Inflation expectations dampened Bitcoin's outlook, fueling the wave of liquidation in the second half of last week. As it is, BTC has clear limits on demand and supply zones.
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.
With no reason to move up, BTC is ready to hit $16.025 levelsWith no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels.
What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices:
job cuts
Covid is spreading like rapid fire throughout China.
Ukraine War which not coming to near end.
Inflation and massive energy bills
with nothing supporting cryptos, BTC is consolidating between $18000 levels and above 15300, with a higher potential for a drop further towards $16,025 levels, breaking there will lead to a quick visit to $15530.
Bitcoin's fall continuesIn the most recent events, Bitcoin has touched the lower levels of the resistance zones before it continued to go down. This gives us two likely scenario, both of which are indicating Bitcoin is going lower.
The first one is that, from here, Bitcoin just decides to go lower, without going up again. The second scenario is that Bitcoin will make a slightly higher high, touching the upper part of the resistance zones.
It is possible that we've already seen the bottom of this market. Therefore there is a possibilty that we won't see a break of the 15k support level. However, with the SPX falling, it seems more likely that the bottom is not in yet.
Bitcoin Analysis 16.12.2022Hello 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:
BTC Downside TargetsDownside for BTC is easy to see. Lost the most recent levels and theres no support until the 14k. Wouldnt be surprised whatsoever to see lower than that with all of the CZ fud at the moment. Word on the streeet is the tether fud is also real but that comes back every season. If binance falls we will probably fall to the extremes. 5k is realistic even though people dont want to say it. Hopefully the bulls can come back and hold this thing around the 11k range. Wicking down to 6k is realistic. If the momentum is strong i would keep your eyes peeled for the 3k range of previous lows. Look for untested levels below dont be surprised if they hit.
Personally 13.8k is imminent at this point. Unfortunately 6400 is the next strongest support if that is lost.
BTCUSDT 4H: 14/12/2022
Bullish scenario: If price can stay above 17400 or have good bullish reaction on 1710 to 1690, we can expect price move upward till 20000 or even 20500.
Otherwise, we follow bearish scenario that you can see important zone on the chart.
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
#Bitcoin Recoils from $18.5k Liquidation Line on Inflation FearsPast Performance of Bitcoin
Bitcoin prices are down roughly seven percent from this week's highs. After a welcomed surge, lifting the coin towards $18.3k, BTC crashed on December 15. Nonetheless, prices are still within the December 13 bull bar placing buyers at a lead. Even so, in the days ahead, if BTC sellers flow back, forcing the coin lower, the bullish preview will be nullified.
#Bitcoin Technical Analysis
The path of least resistance in the short term is northwards. This position, regardless of the last three days' formation, has seen the coin expand and then dump from critical resistance. Presently, there is a three-bar bearish reversal formation with resistance at $18.5k. The December 14 pin bar has been confirmed with a bear bar following yesterday's drop. If BTC floats higher from spot rates, buyers will find relief, an opportunity for the aggressive ones to double down. Note that prices are trending roughly around the support at $17.5k. Further losses below $17k will, however, call into question the strength of the uptrend.
What to Expect from #BTC?
Bitcoin is dropping mainly because of fundamental factors. The U.S. FED expects even worse macroeconomic conditions in 2023. In the short term, losses below $17k will slow down the uptrend, swinging price action in favor of sellers.
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(BTC/USDT) Heading Towards Bearish Yearly Close
In the Analysis, Lets have a look at the Year-end targets for the Bitcoin price.
Observations:
-Bitcoin price trend remains more or less stagnant and consolidated below $18,000
-The strength of the rally appears to be weak due to which the buying volume is also failing to sustain the price above the gained levels
-The BTC/USDT price is testing one of the pivotal resistance levels at the 50-day MA levels at around $17,800
-RSI faced a minor rejection but continues to be within a bullish trend
Projections
-If the BTC/USDT price fails to regain bullish momentum and rise above the 50-day MA levels, then it may again enter the bearish triangle that may lead the price towards the lower support.
- Even though the price ignites a rebound, it would be after it registers a bearish close for the year 2022
-Besides, the Bitcoin price has ignited a recovery which currently appears to be minor with less bullish volume. This may hinder the rally's progress in achieving the immediate resistance levels above $18,700 by the end of the year
-However, the RSI is incremental and hence a notable upswing may be imminent
The Bitcoin (BTC) Price Prediction for the end of 2022 could be around $18,500 to $19,300.
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is...
There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
#Bitcoin Floats to $18.3k before Closing as a Pin BarPast Performance of Bitcoin
On December 14, Bitcoin briefly rose to register a monthly high of $18.3k before pulling back to stop levels. The good news for buyers is that prices are above the $17.5k level. Moreover, BTC remains within a bullish breakout formation as buyers take charge in the short term. In the days ahead, traders can look for entries to swing, targeting the next critical resistance level at $18.5k.
#Bitcoin Technical Analysis
Bitcoin is bullish, trading in a bullish breakout formation with identifiable caps at $18.5k on the upper end and $17.5k on the lower end. As long as prices are above $17.5k, there is an opportunity for traders to initiate longs on dips, targeting $18.5k and later $20k in a bullish continuation formation. However, it should be noted that the December 14 bar closed as a pin bar with a long upper wick. This points to strong liquidation as the day came to an end yesterday. If prices fall and BTC remains confined within the November 9 bearish engulfing bar, sellers will remain in control in the medium to long term.
What to Expect from #BTC?
Traders are upbeat, expecting more gains in the short term. All the same, BTC remains within a bearish formation, trending inside a bearish engulfing bar as sellers struggle to break above $18.5k decisively. Therefore, while there could be expansions in the short term, there must be substantial gains above immediate liquidation levels.
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.