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Bitcoinanalysis

#Bitcoin Moving Sideways As Volatility Drops, Buy Trigger at $17Past Performance of Bitcoin Bitcoin's volatility continues to taper, per the formation in the daily chart. This development impacts trading activity, worsening sentiment, especially when bulls fail to convince market participants. Technically, the path of least resistance is southwards as bulls hang on, oscillating above primary support at $16.5k. It is crucial for buyers to close above $17k and reaffirm the confidence buyers had in prices in late December 2022. Briefly, prices spiked, but there was no follow-through. #Bitcoin Technical Analysis BTC prices are inside a tight trade range, moving horizontally with decreasing volumes. From the daily chart, buyers have support at $16.5k. Meanwhile, there must be a convincing close above $17k, or December 20 highs, for confirmation of the uptrend--a move that could possibly pumping prices. Since gains of early this week are yet to be confirmed, conservative traders can wait for trend definition. Any surge above $17k may spark demand. Conversely, losses below $16.5k will dampen sentiment, forcing BTC lower, aligning with sellers of early November 2022. What to Expect from #BTC? Prices are range bound. Overall, sellers are in charge, but this can change if there are gains above the current consolidation towards $17k and even $18.5k. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Up 2%, Bulls Must Clear $17k for Uptrend to be ValidPast Performance of Bitcoin Bitcoin is up roughly two percent from 2022 lows at press time. Amid this development, BTC remains bearish in the short term. This preview will only change once there are substantial gains above $17k and $17.5k. It will be a breakout above the immediate resistance levels. Ideally, this ought to be with rising trading volumes. If not, any contraction below $16.5k will pressure the coin. #Bitcoin Technical Analysis The coin is firm as of writing, following yesterday's gains. Day traders may look for entries to ride yesterday's bull bar if there is a spillover. However, swing traders can wait until there are clearer trends. A close above $17k and December 20 bar might be the beginning of another leg up toward $18.5k or better. On the more cautious side, losses below $16.5k and November 30 loss, puncturing yesterday's momentum, may slow the upside. In that case, BTC may drop even lower, registering a new multi-month low towards $12k. What to Expect from #BTC? Sellers are in control. Despite recent gains, there is little to write about BTC in the near term. Unless there are gains above $17.5k, bears are in control. An important liquidation line in the medium term is at $18.5k; bulls must reclaim this level for the uptrend to take shape. Resistance level to watch out for: $17k Support level to watch out for: $15.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin TA 2022 - Yearly Candle Pattern-LifeCycle Of Bitcoin.Hello everyone, hope you all are doing good. As I saw many people focusing on Yearly Candle patterns of Bitcoin, so I thought to make a Bitcoin Analysis and Observe it in a bigger perspective. This Bitcoin Analysis is not a financial advice, cryptocurrency market is highly volatile and highly risky, so please do research before trading. It's a New Year season, so I Wish everyone a Happy new year-2023 to you all. Please don't feel bad about me on my current Bitcoin Analysis, since chart speaks everything, am sorry to say but Bitcoin looks bad as of now, the trend is breaking down, If the current year candle-2022 closes above 29k than we are safe and can expect the continuation of trend in upside direction. No means it's a point of concern for every one of us. I also explained everything in the chart, please check it in detail. Thank you, and please like and share my idea/comment if you have any questions.
BNC:BLX
by nmchary
1
The Third Eye IntuitionAfter a significant amount of eyes peering at the previous "Second Thought" chart, my third eye recalibrated to a more accurate senario that also aligns with some significant dates and measures. A VERY LIKELY SENARIO 1. Four Hundred Fourty-One days ends a cycle in the eyes of W.D. Gann, and that puts us at 1-20-23 2. Using the Gann Star and placing the .5 at our most peculiar low reveals a larger time frame and also 1-20-23 bottom area. 3. The date will be 1-19-23, that our bottom first touches, then 1-20-23 it touches for a double bottom 4. That leaves us with 15th, 27th, 8th, and 20th to concern ourselves with as turn dates for other waves. 5. We also have ~14276, ~11592, ~9027 (bottom) to concern ourselves with.
BINANCE:BTCUSDShort
by CryptoWhether
4
Bitcoin will crash exactly at this level!Hello, traders! Last time I made an analysis on Bitcoin where I told about the imminent pump to collect the stop-losses of the short traders. Now it looks like the Bitcoin is following my plan and today we have the information which can help us to dive more accurate target. Let’s take a look at the 4h time frame on the WHITEBIT:BTCUSDT chart. I want to briefly remind you my main idea. We had 5 waves cycle to the downside as a wave 1 of the higher degree. Now BTC is printing the corrective wave 2, which is represented as a zigzag ABC. Waves A and B have been finised. The wave C now is in progress. In general Bitcoin wants to grow to $17200 to fulfill at least the 50% of the imbalance candle. This target acts as a magnet for the market maker. Moreover, this area is located just above the bright local highs, which means that a lot of stop-losses are hidden there. We can also look at the underlying structure of the froming wave C. I suppose that Bitcoin have already formed the waves 1 and 2 and we are waiting for the wave 3 finish. This local wave has 2 targets. The conservative one has been already reached at $16756 which is 1 Fibonacci extension. We can now see the reaction, but I think price will reach the $16940 as the wave 3 most likely target. Anyway the entire wave C should touch $17200 before the huge crash. Follow the updated to this idea where I am going to consider the Elliott waves on the 15 min time frame. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
19
Bitcoin Deep analysis Lets analyz deeply In Bigger Picture we can Clearly See Btc consolidating In Descending Broadening Wedge (Its bulish Pattern) And if we look Closer Then we Have Descending Channel Too For bulish momentum Btc Needs to clear descending Channel,s Resistance (18800 to 19200) Then we Have Another Resistance Is In Between (20800 to 21300) Area Once Btc Cleared Trendline Resistance Then Expecting Bulish rally Iat Least For Midterm (Expecting Move towards 45k) Keep In Mind Btc will Remain in downtrend Until descending Broadening Wedge,s breakout In These analysis Ii discussed Technical Outlook according Price action)
Long
by Worldofchartsfx
1
#Bitcoin Volatility Taper, BTC is Above a 2-Month Support LevelPast Performance of Bitcoin Bitcoin prices closed in the year 2022 with evidently tapered volatility. That uneventful price action spilled over to 2023. At spot rates, BTC is bearish, steady in lower time frames, and sellers remain in charge as long as prices are below $17k. In the days ahead, traders can monitor price action and watch how prices react at immediate support and resistance lines. #Bitcoin Technical Analysis At spot rates, Bitcoin is bearish, as mentioned earlier. The immediate resistance line is at $17k, marking December 20 high. A solid push above $17.5k with expanding volumes may see the coin rally to $18k, confirming gains of late November. However, before then, traders should closely watch price action, checking how prices react at $16.5k. Any losses below this reaction line may trigger a sell-off that may see BTC drop toward $15.5k in a bear trend continuation level. What to Expect from #BTC? BTC is under pressure, but this can change if the current consolidation becomes an accumulation. As it is, the December 20 and November 30 bull bars are significant, marking immediate support and liquidation levels. How prices break out from the tight $300 range Bitcoin is currently stuck in would ultimately shape the near-time price action. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin TA - Bottom and Next Cycle -> from 2023 to 2024 Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only for the year 2023 and 2024 about finding possible Bitcoin Bottom and the next counter move/next Top until next Halving. 1.The Tools I used for Analyzing: Various Patterns and channels Fibonacci retracement Volume Profile RSI, MFI and other indicators/oscillators. Observation1: As explained inside the chart, generally in trading, price moves in patterns whether it is triangle or parallel or cup shape or V-shape or zigzag or head and shoulders or any kind. Patterns get created in a concentric way one inside the other based on lower time frames to higher, in general if the price breakout or breakdown from one shape it will enter into other bigger shape/parent shape. Currently we are trading inside a smaller Descending triangle (Green) which in turn inside a bigger Descending triangle (Red). Price respects this Green Descending Triangle, so technically Bitcoin will not Breakdown, perhaps it keeps testing the bottom line. If Bitcoin Breakdown it will be a disaster, then we have to think about it. Conclusion1: I personally think 15473usd is the Bitcoin Bottom of the year 2023. Currently if Bitcoin puts another lower low, still it will be on the bottom line of this green Descending triangle (may be 14345usd, so mostly price will be above 14k). Observation2: RSI and MFI are cooling down and showing Bullish Divergences. Even other indicators like OBV and Stochastic made a slight Divergence. Not compulsory but these indications can invalidate/negate at any time if there is a forcible sell off, but as of now showing some good signals. Conclusion2: Technically due to Divergences created, soon Bitcoin may Breakout from this Descending Green Triangle and enter/start trading in the larger Red Triangle. After Breakout, there should be a counter move/rally and make until Fibonacci ratio at 0.618 level (roughly 50k) or at 0.5 level(42k). Finally, after rally Bitcoin puts a new lower low somewhere in the year 2024. (Since in a bigger picture Bitcoin is trading in a Red Descending Triangle so definitely it will test lower line of the triangle, so it will be lower low in 2024.) Please give a like and put a comment if u have any questions. Thank you, cheers.
INDEX:BTCUSDLong
by nmchary
21
#Bitcoin Broke Lower from a BB Squeeze, Resistance at $17kPast Performance of Bitcoin The Bitcoin consolidation in higher time frames is more pronounced. In the 4HR chart, prices broke lower early this week following a BB squeeze last week. However, there are hints of strength in the near term. Presently, prices are deviating from the lower BB, printing higher highs. Even so, the primary trend remains southwards, and bears remain in charge. #Bitcoin Technical Analysis BTC prices broke lower on December 22, with the resulting selloff forcing the coin to the spot rate. There are higher highs relative to the lower BB, signaling a possible drop in momentum. However, the primary trend is southwards, and the immediate support is around $16.5k. As it is, traders can wait for a clean breakout before committing, aware that losses below $16.5k may see BTC crash to $15.5k or worse. Conversely, any surge confirming yesterday's gains in the 4HR chart may prop buyers angling for a retest of $16.7k and $17k in the short term. What to Expect from #BTC? Prices are in consolidation, and the path of least resistance is southwards despite market-wide confidence. This preview will only change if BTC breaks above $17k and $17.5k at the back of high trading volumes. If not, the odds of BTC dropping to register new 2022 lows remain high. Buyers have not been able to claw back losses in the past month and quarter. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Insane short on Bitcoin this New Year!Hello, everyone! It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave. Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short. I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen. Best regards, Ivan! ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
7
#Bitcoin Fails to Shake-off Sellers, Will BTC Crumble to $15k?Past Performance of Bitcoin Bitcoin remains in a dull trade range characterized by drooping trading volumes and volatility. Even though there were welcomed ticks early this week, prices moved lower, suggesting firm traders and a bearish trend. Therefore, based on these factors, risk-off traders can look to offload on every attempt higher, targeting $16.5k or lower. The only time this preview can shift is when BTC breaks higher. #Bitcoin Technical Analysis BTC prices are consolidating at spot rates, capped on the upper side by $17k, flashing with the December 20 bar, and $16.5k on the lower end. The support coincides with the November 20 bull bar that's influential to the current formation. Even though buyers appear to be in charge, sellers have a firmer grip on price action. As mentioned earlier, a breakout below $16.5k may trigger a sell-off as bears angle for $15.5k or lower. However, bulls will be relieved should prices recover above $17k and, ideally, $18.5k. In that case, especially if the accompanying volumes are high, BTC may rally to $20k. If not, and sellers maintain control, the coin may slip to register new 2022 lows at $15k or worse. What to Expect from #BTC? The coin is in a precarious position, reading from price action in the daily chart. BTC is within a tight range in a bearish formation. Conservative traders can wait for a clean breakout in either direction before committing. Resistance level to watch out for: $17k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer