BTCUSD - The Road To The Bottom!
Massive head and shoulders to play out, leading COINBASE:BTCUSD to retrace to the 3.382 FIB level or 12471.
Bitcoinbottom
⚠️🍵 #Bitcoin Short-Term "Cup" Could End W/ Short Squeeze $BTCA small #shortsqueeze seems to have already occurred for $BTC, with a false break of the support trend bringing in shorts and either stopping them out or liquidating a low volume of orders. I have not shown the RSI's on here as they are both at mid-levels (50/50 chance of moving up or down), however the may be overheating slightly. This could mean a second "fake-out" break of the upper trend with a larger drop down to the $18K level. However, if this pattern plays out, this could be what reverses the crypto market in the short term. There are confluences with both the measured move and the 1.618 fib retracement level of the most recent, short-term wave down, as well as the expected pivot for a retracement back down to the upper trend, should a confirmed breakout occur. As I already stated, there is still a strong chance for either scenario to play out, so this is something I (personally) will just be tracking for the moment, but not actually trading until one of these two scenarios confirm.
How I Might be Trading this:
For a "fake-out" and break of the support-trend, I will be looking for a buy/long around $18,700-$18,800. I may consider shorting the break of support, however I don't really know ( yet ) if the risk/reward will be worth it, especially because this range being the bottom price-range seems likely to me, IMO.
For a break of upper, medium-term trend, I would be possibly shorting around the target zone (shown with the box), then a buy/long upon retracement and testing of the upper trend. However, where the RSI's are upon testing that level would mostly determine whether I go forward with that trade.
*This is all my opinion, based on chart data, and what I'm personally doing with my trades. This is not financial advice.*
Bitcoin new peak of the Cycle is 29 months awayWhat are your views? shares your thoughts in the comments, don't forget to give it a thumps up!
BTC is a precises science. Three retraces 52% each the third one is not complete yet but we are headed there and that's 22k. I have a few more interesting BTC insights that I will post on Twitter. @bitcointrdr
BOTTOM of Bitcoin is probably inHi everyone,
I closed all my bitcoin shorts yesterday around 18k usd per btc since my macro targets have all been hit. Meaning that I am bullish from now on.
The reason for closing all shorts is as follows:
- max 1.618 reached if in the case of expanded flat;
- max 1.382 reached if in case of wxy for a full 2 or full 4 correction;
- trend line channel hit from wave 1 to 3 spread from 2;
- bullish hidden divergence on the 3D RSI;
- 0.786 fib hit considering it might even be a full 1-2 correction (very bullish);
- 660 sma hit (best place to buy);
- macro pi cycle low with my own tweaks has shown up (meaning a bottom is probably in);
All of these signals, give me a reasonable estimation that we will at least bounce back to the 30-35k area. My personal target will be 78k usd, it is the wave 1 extension from the probable 4 and also the median channel of the trend line channel.
Yes, we might get lower, perhaps even 14.5k usd, but since all my macro criteria to buy btc got met, I need to stick to my plan. I bought btc again long term from 18,5k usd. I was scared to sell at 65k usd and now I am scared to buy at 18,5k usd. But in trading, we need to follow the trading plan, not our emotions.
As allways this is no financial advice, stay stafe and trade well.
BITCOIN is looking prepped and ready for a relief rally! Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week.
I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and bulls will be looking for a continuation of the reversal upside.
All of the lines you can see are a mix of Fibonacci Speed Resistance fans, micro and macro trend.
Enjoy!
BITCOIN Bullish Reversal Opportunity!!Welcome Traders, Investors & Gamblers 😃
As expected we are slipping lower and there is one key level tht we need to bounce off from this weekend!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
BITCOIN Even Stronger Level Below 20kHi Traders, Investors & Gamblers 😃
I hope everyone is doing great this wednesday morning!
A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin .
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Daily Chart:
Support & Resistance Levels
We have now reached a very strong support area for BTC coming from the range that Bitcoin has beentrading in in Winter 2020.
I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Chart:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support and 200w SMA
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
BITCOIN Deep Dive to find Bottom!Welcome Traders, Investors & Gamblers 😃
Let's Dive In and Find the Bottom!
Daily Charts:
Support & Resistance Levels
On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Charts:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance.
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
BITCOIN We Are Here & What Now!?Welcome Traders, Investors & Gamblers 😃
Daily Charts:
Support & Resistance Levels
On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Charts:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance.
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
THE Bullish Bitcoin Scenario!Welcome Traders, Investors & Gamblers 😃
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Now we have perfect alignement with this falling wedge and the 200 week SMA.
Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6 of Fibonacci Retracement) and then a weekly close above the 200 week SMA and the support of the falling wedge .
The technical breakout target of the bullish pattern would be right around 66k !
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
4 Reasons why the BTC Bottom could be CloseINDEX:BTCUSD
In today's video I look at 4 reasons why I think we are close to the bottom:
1. 200 week MA - historically the 200 week MA has indicated the bottom
2. Fibonacci golden pocket retracement - a fib pulled from the very start of bitcoin in July 2010 to the all time high, show a zone for the possible low
3. Weekly RSI - historically we have never gone below a certain level and we are nearing that level
4. CME Gaps waiting to be filled - there is a gap that is about to be filled
These four factors are aligning very well with weekly and daily support levels that BTC is nearing.
Could this be the bottom or close to it?
Have a look at the video and let me know in the comments what you think.
Not financial advice. DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
BITCOIN 1000 DAYS!Good Evening Traders, Investors & Gamblers 😃
The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
Bitcoin Bulls Prepare for Short Squeeze to $31.6K+Based on previous and ongoing analysis of BItcoin, I believe its yet headed for $31.6K at minimum. Previous mid-micro wave pattern was invalidated however, the bigger pattern and upside target remains in tact.
Join me in/and the Community for more trade ideas.
P.S. Invalidation is only indication if you're aware of how to adjust :)
Bitcoin probable BOTTOM hereBitcoin will bottom inside this BOTTOM box. All of my analysis confirms this statement. Keep in touch for further updates for BTC!
BITCOIN HTF OUTLOOK (BEARMARKET)Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market.
Since the beginning of 2022 Bitcoin has been trading in a range that looks like a redistribution range, again 2 deviations might be going for a third and final deviation in this range before finally seeing 30k's. Obviously order book showing lots of buy orders resting at 30k, there is no doubt we go below here to get everyone to exit their positions. This is where you will see the "bear market has started" news which was happening already before their eyes.
Now reasons as to why I'm calling 24-20k bottom:
CME Gap on Bitcoin futures
Daily and weekly demand zones
20k would be a retest of the old ATH from late 2017 that never got backtested
I want to entertain the idea that 2021 was the beginning of a big accumulation range/structure as we have been trading in a range on the HTF. If that is truly the case we have yet to see the "super cycle" everyone is talking about which will be something we truly have not seen before. Do with this information as you will!
NOT FINANCIAL ADVICE [
Horizontal Green line will be support and #bitcoinbottom🤞🤑🤑🤑By @ekrexanalytics... bitcoin will bottom at 32000$
Bitcoin - Where is the BOTTOM? Watch $34,700 Weekly SupportWe have a major weekly support trend line to be watching on Bitcoin. It as held since the pullback to 28K. By this logic we could drop to about $34,700 on bitcoin here during this weekly consolidation. We are still in a weekly uptrend as well just looking for a weekly higher low. No major red flags and definitely a buying opportunity especially with alt coins IMO. Not financial advice :)
Bitcoin update. Still in no-trade zone. Waiting for the bottom.This is a quick Bitcoin update video. In summary, I explain why I'm waiting before initiating any trade and what I'm waiting for. I'm waiting for a clear bottom either through touching one of my support lines or by making a huge candle with a big wick below it. Where the wick will end up, no one knows. Some people estimate 44k. Some estimate 40k. Some estimate 29k. Eitherway, it will liquidate many leveraged longs and allow Bitcoin to soar freely afterwards.
Bitcoin price prediction for coming years.
My thoughts on the current situation.
Bitcoin and the relationship between the bullmarket TOP and HALVING.
In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING.
Taking this into account, theoretically, we should reach TOP in December this year, and then go into
a downward trend and consolidations for the coming years.
It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING),
the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis,
the top of the current cycle was achieved much faster ( 64k in March) and currently we are already in distribution phase.
Taking historical analysis of previous cycles into account, I estimate Bitcoin will find a bottom between $ 16,500 to $ 10,200 over the next 12-18 months.
Bitcoin Monthly & Weekly Bottom 2021
Bitcoin Monthly & Weekly RSI Close for 2021
Buy Low sell High, last chance.
42% SHORT ON BTC, NOT EXPECTING A SCAM LIKE THIS SHITCOINTHE BIGGEST SCAM COIN EVERY MADE, THE BIGGEST PARADISE FOR SCAMMARS.
OK NOW LET'S GO BACK TO HIGH IQ VERSION OF MY SMALL BRAIN.
THIS IS THE BOTTOM, TAPPED THE WEEKLY 200MA AND BAGS FILLED, I CAN ASSURE YOU THIS IS GOING TO RIP UPWARDS AND KILL SOME BERAS.
BTC some tips and ideas, clear 9200 for continuation to 9500.Here some explaination to what happened here:
-Clear uptrend on daily chart and weekly still valid.
-Market structure intact with a "buy the dip mode".
-Liquidity pool tapped.
Lady BTC BOTTOM showing some big buys and accumulation during the dip and chop.
Lady Arrow v2 showing a buy signal flipped during a clear break of short term downtrend
Bullish.
Enjoy
