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Bitcoin BuyIf the MA cross and the ascending channel broke, we might have a big rally to the upside. The DMI looks good because the +DI goes above 25 level and the ADX will go below the -DI which indicates a very bullish indicator. We also need to remember the confirmation that we need to break above the channel and the MA cross to be sure. But for me, I already entered a long position See also my relate ideas, I’ve been waiting for the crossover for a flew days now.
Long
by UnknownUnicorn13326052
Revisiting our Bitcoin analysis from Jan 7 2022On Jan 7 2022 we posted above analysis based on Logarithmic Growth Curves. Below is the content from the post. """"""" If we look at the entire history of bitcoin with the logarithmic curves we can see that the volatility has reduces drastically compared to previous years. As the bitcoin adoption increase, it becomes more slower and harder for BTC to break its new barriers and hit new ATH. In 2013 BTC reached its peak quickly compared to 2017, and similar to we can expect the a delay in BTC reaching its new peak in 2022. If BTC continues to fall then we can expect it to stay above $25k LowDev price. However, BTC $150k is around the corner and it is expected to touch the HighDev ($150K+) soon. BTC new peak is imminent but it's just about how long will it take. I personally think that BTC will reach it's new peak around the beginning of Q2 - 2022. Let's wait and watch. """"""" As you can see bitcoin has reached LowDev price of range of 25k easily and i'm expecting bitcoin to reverse it's market trend after continuing some volatility around the LowDev range. Let's see how it plays out. Stay tuned for more updated. Drop a like and follow if you like our analysis. Hexa
BITSTAMP:BTCUSD
by HexaTrades
2
BITCOIN ACCUMULATION SCHEMATICAs we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend. This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger Picture on Bitcoin. Price has formed 2 Liquidity points, Buyers Climax and Secondary Test which already have been liquidated by a possible Spring that is forming Right now. What is Key to this Wyckoff Schematic is that we don't just look for them on a random point of the Market but usually in a special area that may signify the change of Trend. This time this special area is a 30k zone which is a Big Support zone from the previous Accumulation, which is also backed by some very important Fibonacci levels making current forming Wyckoff Schematic more probable. Now, when we know that a schematic may be forming and that it is in the right place, what can happen next? Well, there's a few patterns to a Wyckoff Schematic and we have to remember that no schematic is the same nor perfect as a textbook example. Assuming right now, we have Spring forming, we can have upward move next, giving us a last point of support (LPSY) and then rally to the upside, or we can have another leg to the downside which would be called a Spring in Phase B, liquidating positions from Spring. Either way, the direction of the Accumulation Schematic is always bullish.
BITFINEX:BTCUSDLong
by Klimaa01
BTCUSD Bitcoin: The short-term answers to the test ;) 20.4 A wall of text would do you guys and gals no good.. so let's jump to business! 1) Higher lows on short-term and longer-term time-frames. 2) Big triangle consolidation on 4H chart marked with arrows on highs and lows. 3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break above this rate would allow significant upside to the high 40k's and low 50k's which will be covered once relevant. 4) Critical support levels stand at: 40,000 and 38,500 - A drop below would allow 35,000 weekly support to be tested. **The rockets represent: -Green one is a break above 43,300 which would allow immediate rally -Red one is a break below 38,500 which would allow immediate flash crash to 35,000. **Fundamentals are strong for Bitcoin as inflation continues to surge, Russia is now implementing cryptocurrency is an official form of payment, Biden is looking to regulate crypto-currency, etc,etc.. ------------------------------------------------------------------------------------------------ If you liked my analysis, please follow and like :D I would truly greatly appreciate it. If you have any questions, please ask me and I promise to answer in detail if necessary. My target is to benefit as many traders as possible. Thank you!! -------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
BITCOIN (BTCUSD) – CASH: Buying After A Pullback To Support AreaBITCOIN (BTCUSD) – CASH: Buying After A Pullback To Support Area (NOTE: As Bitcoin doesn’t form perfectly clean signals most of the time, and as this market has random levels of liquidity and can be very volatile, we will only annotate the clearest and well-pronounced signals that form at confluent areas of the chart. TRADING BITCOIN AND CRYPTO IS HIGH RISK, USE A REDUCED POSITION SIZE UNTIL YOU ARE FAMILIAR WITH THIS MARKET). Price Action: There is no new price action signal to note at this time. The prior Bullish Pin Bar Signal from late last week has now failed (We did not consider trading this signal, nor did we mention it). Potential Trade Idea: We are considering buying on a deeper retracement lower and after a price action buy signal on the daily or 4 hourly chart time frame, at or just above the 37559 short-term support level.
BITSTAMP:BTCUSDLong
by UnknownUnicorn393254
BTCOIN with a potential BOTTOM!Hey tradomaniacs, technically we see a breakout and retest scenario in the daily-chart of Bitcoin. If the support-zone holds and the re-test is done we oculd see another strong iompulse to the upside and so a bullish scenario. Some of the pre-conditions are generally a risk-on-mood. Previous sell-offs have shown that Bitcoin is not really considered a safe haven due to the high demand in GOLD while Crypto suffered with equities. One of the reason is that Bitcoin is part of the classic financial market in form of ETFs and so on... so there is a very strong correlation of crypto and equities / indicies. If the risk-off-mood in equities ends and the weekly key-support-zone of SPX500 holds we might see another rally. This is showing confluence in terms of intermarket-correlations and provides a great chance to buy if confirmed. Still we have to be very cautious qas we dont know how the market reacts to further news from Ukraine aswell as the tight monetary policy of the FED.. Higher rates or rate-campaings were mostly causing recessions in the past. Let`s see what happens =)
BITSTAMP:BTCUSDLong
by Trading2ez
1
BITCOIN - LONG - BUT FIRST A LITTLE MORE SELLING PERHAPS...If we look for repeatable patterns we may find Bitcoin selling off a little more and finding support at 40k before it shoots up again. The last time Bitcoin had a big sell off was in May hitting 30k on 19th May. From there the market created 4 failed attempts to go higher before creating a new low on 22nd June - effectively running the stops. It then ranged and contracted for a month before finally shooting higher. Now, after the similar November sell off, the market has done the same thing - attempting 4 times to go higher and failing and has begun to dive. If history repeats, we may see the market hit the 40k zone and possibly create a new low. A fib extension indicated the 1.618 reversal pattern will be a new low (41400). Here would be the zone where we would look for the shoot higher (41400 - 38800). Important note: the 618 of the last swing higher (21/06 - 10/11) is at 44k. This could be the first reversal zone - set an alarm and we will judge the price action here!!
BITSTAMP:BTCUSDLong
by enzenator