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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
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price. As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally! Why then is that? Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping. Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone. We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then? Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled. If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there. As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now. With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
NASDAQ:MARALong
by LongLifeTrading
1
Go long on TCT another gem about to explode i am expecting this coin to explode upto .054 levels within next week as we are testing resistance and if h4 candle close above .02636 next target would be .0354 and main target already given above which is .054 for long term i am expecting TCT to touch .4$ by november for the upcoming projects we have some sell orders at .028 which can make some sell off but nothing to worry as bull momentum will be strong and if we failed to break resistance on h4 i am expecting price to touch .0223 for perfect long entry to make 200% profit atleast. Good luck
TLong
by FxSniper_
[Detailed BTC Analysis] Sentiments changes but Technical don't!From the past 2 months, Bitcoin has been moving in the Bearish trend and the market sentiments were also bearish since then. When BTC closed below 50 Week EMA, Elon Musk, Jack and others announced the Bitcoin Conference out of nowhere which created a pre-event FOMO in the market and started turning the market green although technical where bearish in zoomed out view. Last Sunday, there was fake news about Amazon that they're accepting Bitcoin. This boosted the Bullish momentum of Bitcoin but I, as an analyst, am not still bullish. Below are the REASONS WHY I AM NOT BULLISH ON BITCOIN : BTC Divergence: Since the fake Amazon news pump, Bitcoin's price action is not corelating with Relative Strength Index (RSI). We are watching higher highs and lows in BTC Price while lower highs and lows in RSI that clearly indicates that the the Bulls are getting tried and we might see price drop very soon. Declining Volume: Although we have seen the volume injection in Bitcoin on Amazon news but since then, it's constantly declining which again depicts something is fishy. Pattern: With Bearish Divergence, we usually see a bearish-biased seemingly upward facing pattern. In Technical Analysis, we call it Rising Wedge Pattern. This is exactly what BTC is moving in. There is a wide bullish channel in which BTC is moving but with declining momentum, BTC is also forming a smaller, slightly tilted bullish pattern. If we see both channels in common grounds, a rising wedge can easily be seen. EMA & MA EMA moves more closely with the price action that's why it is more used to do technical analysis in short-term but Moving Average (MA) is used for analyzing long-term trend. BTC's 200 Day Moving Average is around $44700 so, I think BTC can go to this level and know that this level is HARD! In 4hour timeframe, 21,50,100 & 200 EMA are acting as potential support levels. If BTC closes below 21EMA in 4h, it will move down to the next. Cloud Resistance & Support In daily timeframe, BTC is facing huge resistance from the the cloud while, in 4h timeframe, $33000 is the strong cloud support. If you have any queries, comment section is for you. Muneeb.
by syedmuneebali
4
Rune preparing to blast Undervalued Gemi am dropping top series of undervalued gems which has strongest potential to hit all time high. Rune has hit the bottom and now preparing to make new high very soon. we are at double bottom now also if you check RSi we are at 618 levels so max i expect RSI to touch 33.6 level (which is 786 levels basically used for sl hunting ) and we are currently at 37.98 on 4h RSI. so where to buy so my answer would be we can add some long entries here at 3.325$ seeing double bottom and for most perfect entry we can add longs around 2.86$ targets 1 for those longs would be 6.58$ , target 2 would be 13$ and target 3 would be 19$ for long term i am seeing this coin to hit 35$ . good luck
Long
by FxSniper_
5
Last Chance for Bitcoin??? i am expecting same consolidation between 29k-40k for this month as we are holding on to a strong support and price likely to bounce from here but we closed below 29k this week next target would be 19k and if we continue to hold this support long entries here will be TP around 40-42k . also if we check some indicators RSI we can see divergence and stochs are at low aswell so i am expecting a big spike coming very soon this week or probably on next week tuesday or wednesday . Goodluck
COINBASE:BTCUSDLong
by FxSniper_
2
Bitcoin Is Rejecting A Strong Demand ZoneHi Traders, Bitcoin has been a pretty dead market for investors in the past few months. However, the current market structure looks interesting as BTCUSD is building momentum for a big move. The chart above shows that Bitcoin's recent decline unfolded as a triple zigzag pattern. Wave z retested the wedge support line + strong demand zone. We might see huge buying activities at this zone and the breakout of the descending trendline could lead to a major trend reversal. What's your view on Bitcoin? Let me know in the comment. Thanks for reading!
Long
by Veejahbee
2
Bitcoin & Ethereum Volatility ( 1 Month )Today we have seen Bitcoin and Ethereum come under selling pressure as Elon Musks and The Chinese Central Banks comments on Bitcoins caused investors to sell the Cryptocurrencies. However, the pullbacks in price are actually within the average 1 Month Historical volatility of both coins!! This is really important to understand so please watch, so now is actually a better time to buy if you believe in the long-term outlook for both Coins to go higher.
BITSTAMP:ETHUSD
by KayansMarkets
1