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BTC TRAP - What goes up, must go down!Greetings Investors, Traders and of course Beez! Today CryptoQueens have prepared an analysis regarding BTC after its recent pump. So without much talk, let's get to it! In particular if we watch closely the chart, we can observe that price has been moving inside the descending triangle in the Daily time frame for a long period of time. Eventually, price has either to breakout to the above or breakdown. The majority of times, it tends to breakout to the upside. Hence, after bulls, pushed the price above the descending resistance line, a huge inflows of buying power flew directly into the market pushing Bitcoin even further to the point of 23,390$ breaking the previous high of 22,850$. Since then, price has been consolidating, between previous high which acted as support and new high. This especially, indicate us that bull are still present, and that they are preparing for the next leg up. Next Resistance - Bearish Orderblock is standing at 25,000$. In the imminent case of breaking above, we can expect to see prices such as 28,000$, filling the FVG GAP or even test the area of 31,000$ where the next Bearish Orderblock is located. Make no mistake though, after having a quick peek at the image attached to the chart, we can observe that large positions has been liquidated even at the level of 23,300$ and liquidity from above has already been grabbed at the highlighted levels in all exchanges. At this point we can expect high levels of FOMO to flow into the market from retailers. Don't fall for it! IMPORTANT: When price bursts to the upside without consolidation, its considered unhealthy, as it creates no resistance/supports on its way, therefore what goes up quickly, it has to go down swiftly eventually. Moreover, bear in mind that, reversals tend to occur, when everything indicates the opposite! After new high has been formed and price get rejected, we highly anticipate a new low to occur! DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade. If you liked the idea, make sure to support with a like, follow and a comment! Best Regards, CryptoQueens.
by Crypto_Queens_Official
47
BTC Pi Cycle Bullrun SignalHello friends Today im going to show you a good reason for next Bullrun in Bitcoin. Pi cycle includes 2 Moving Average: One Long MA and One Short MA. when we devide this 2 MA the result equals PI number (around 3.15) The best Long MA is 471 DAY and the best Short MA is 150 DAY. I illustrate them in BLX chart and yo see the last 2 times that Pi cycle Bottom works properly. the first Bottom was on JAN 2015 and second Bottom was on JAN 2019 and NOW on JAN 2023 (as i show them with Red Circles in my chart) the indicator signal a Potential Bottom for BTC. If Short MA (RED) surpass Long MA(GREEN) we call it a PARABOLA and the Bottom confirmed. If you think more about that you understand this cycle happened every 4 years actually on January. 2015 - 2019 and NOW 2023. So i explained Technical and Time Cycle Analysis for this Strong Indicator. Hope it predict Bottoms WELL. Be Profitable Thank You for reading my Idea Share me your Opinion. Do you think BTC make a bottom NOW?
BNC:BLXLong
by TraderAmin-KZ
5
Bitcoin – my next insane trade!Hello, everyone! It’s time to forget about my failures which I made last couple of weeks and think about new trade ideas. Of course it’s extremely dangerous to buy Bitcoin right now becuase it shows us some sign of weakness. We will use 4h time frame of BINANCE:BTCUSDT chart to count the waves inside the current cycle. The Awesome Oscillator is our main tool to understand the waves order. It’s maximum value corresponds to the wave 3 top. After that we saw the zero line crossover which is the sign that wave 4 has been finished. Now the BTCUSDT is printing the wave 5. I suppose it’s almost done. I expect the only one fake breakout to $23600 – $23800 price levels. Moreover the wave’s 5 target is located also next to this price value. The overall uptrend is not finished, but I expect the correction where we can enter the BTC long trade. The target area for the potential dip is $20500 because the wave’s 4 end of lower degree is located here. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
8
BITCOIN LOOKING STRONG AF!The increasing volume is a clear indication that buyers are stepping in and pushing the asset up. And it's not just any buyers, it's miners! The Hash Ribbons indicator is flashing a buy signal, which has been a historical indication of miner capitulation and big bull runs in the past. This is a rare and powerful signal, one that we haven't seen in a while. The asset has also just broken out of a descending wedge pattern, further confirming the bullish momentum. All these signs are pointing towards a potentially massive price movement in the near future. Don't miss out on this opportunity, the time to act is now!
INDEX:BTCUSDLong
by murkser
1
Bitcoin & Ethereum: Bulls BewareGain-erasing retracements are in the books for BTC, ETH and a host of other altcoins in the form of rising wedges, which act in this case as a type of crooked top. Be sure to take caution in the next few days if you are long in the market. FOMC announcements are expected on Jan 31 which may torpedo the markets based upon the outcome of the meeting. This would coincide with the convergence of the trendlines of these wedges. Projected downside targets are shown in the Fibonacci retracement levels in the event of a selloff. **If you have patience, strong hands, and like scoring wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. My TA is based off a combination of Wyckoff Volume Spread & Fibonacci Ratios. Stop getting smashed and start winning in crypto. My charts will teach you how. *Not financial advice. Trade at your own risk.
COINBASE:ETHUSDShort
by jalapablo
1
Bitcoin - Should we watch THIS FRACTAL?Hi Traders, Investors and Speculators of the Chart 📈📉 ❗ UNPOPULAR OPINION ❗ I discovered a fractal on BTCUSD during 2014 - 2015 that resembles VERY closely what we are currently seeing on BTCUSDT. What followed was a multi-month bear market for BTCUSD. A peak, with a lower high followed by a selling climax and an automatic rally. Could BTCUSDT repeat this fractal? This would link up to an earlier theory that I have involving the US Government Debt and rallying markets (against all odds). Check it out in related ideas below, this could be the bull trap of the century! It's never a bad idea to hedge your risk and secure some profits. PS I tried to copy a bars fractal pattern from the BTCUSD chart onto the top BTCUSDT chart, but was unable to paste it. If you know how to paste a fractal from one chart onto another, please let me know. _________________________________ Follow us for daily updates CryptoCheck
BITSTAMP:BTCUSDShort
by CryptoCheck-
65
The Ultimate Bitcoin Market Cycle Cheat SheetIn this post, I'll be providing an explanation on market cycles referring to specific time periods and fibonacci support and resistance for key lows and highs. This post is not financial advice. This is for educational and entertainment purposes only. This post was inspired by @CryptoCon_ on twitter. Time Periods Explained - The chart may appear extremely messy, but let's break everything down one by one. - I first marked all November 28ths of every year on the chart, starting from 2012. - We can divide each cycle into a span of four years: - The first cycle lasting from Nov. 2012 to Nov. 2016, - The second cycle lasting from Nov. 2016 to Nov. 2020, - The third cycle lasting from Nov. 2020 to Nov. 2024, - and the fourth cycle beginning in Nov. 2024, ending in Nov. 2028. Again, keep in mind that this is an extremely speculative approach, based on the premise that what happened in the past, will continue to happen in the future in a similar manner. We can divide each of the cycles into 4 different phases. Phase 1: New All Time Highs - The first phase is the phase of a new all time high. - At the end of the first phase, Bitcoin marks its new all time highs. - Such was the case in 2013, 2017, 2021, and I expect it to be the case in 2025 as well. Phase 2: Bear Market - The second phase is the bear market phase. - After we see new all time highs, we start to see a decline. - In 2014, Bitcoin corrected 78% from its all time highs, - 85% from its all time highs in 2018, and 75% in 2022. Phase 3: Accumulation - This is a phase of accumulation. - However, this is not to say that we will only see sideways action. - From 2014 to 2015, we saw a classic price action of accumulation, - and from 2018 to 2019, we saw a textbook accumulation pattern, followed by an echo bubble. - However, it is imiportant to note that this echo bubble (or more specifically, its burst) is what set up the foundation for a massive bull rally that led to new all time highs. - According to this cycle, we are currently seeing Phase 3, where I expect a similar echo bubble to take place. I’ll elaborate more on the current status later. Phase 4: Recovery - This is the phase of recovery. This is where we know that the price has bottomed out already, and that we set off to rally towards new all time highs. - Interestingly enough, all Bitcoin halving events took place in the 4th phase of this cycle classification. Estimates for Cycle 4 - For the current cycle (cycle 4), I believe that the echo bubble thesis is in play. - The Fed cannot taper forever, and there is still enough liquidity to be injected into risky assets. - Despite Bitcoin moving from $16k to $23k in a matter of days, the interest from the general public is nonexistent. - I believe that a move to 30k is highly likely, and that depending on market situations, we may even see a move up to $45k in the end. Comparison of Past Echo Bubble - Let’s compare the current situation to that of the echo bubble in 2018-2019. - In 2018-2019, we saw Bitcoin rally 268% in an echo bubble. A move from $16k to $45k, today’s echo bubble, would account for a 211% move. - As for the degree of correction, in 2018-2019, we saw the price slash in half once again - a 56% downward move. - Taking that into account, and applying the same figure in today’s market situation, that would mean a correction from $45k to $23k. - If we trace fibonaccin lines based on this speculation, this gives us a target price of $105k per Bitcoin by 2025. - As for the bear market that will follow, we can expect a bottom to form around $36k, although it’s likely that prices will almost definitely hover below this level. Statistics - Let’s take a look at some patterns we can spot in terms of statistics: - In the first cycle, Bitcoin dropped 77.99% from its all time highs - In the second cycle, Bitcoin dropped 83.64% from its all time highs - In the third cycle, Bitcoin dropped 76.64% from tis all time highs - Assuming that Bitcoin drops 75-85% during the bear market after peaking at new all time highs, anticipating a 65% drop in 2026-2027 would be a conservative, yet realistic estimate. - As for the returns Bitcoin provided every cycle; - In the first cycle, Bitcoin delivered 43,236% returns from the lows to highs. - In the second cycle, it delivered 9,134%, which is a 78% reduced figure compared to the previous cycle. - In the third cycle, it delievered 2,102%, a 77% reduced figure compared to the previous cycle. - In the fourth cycle, the current cycle, if it reaches $105k all time highs, it would be delivering a 524% return from its lows, which is a 75% reduced figure compared to the third cycle. Conclusion In this post, I take a very rudimentary, speculative, yet simple and direct approach in analyzing Bitcoin’s cycle through this specific framework. This analysis aims to provide a general understanding of when things happen, and to what degree they take place. Based on this framework, I believe that we could see an echo bubble take place in 2023, with Bitcoin reaching $45k, before it corrects down to $23k. Around the end of 2023 to 2024, we would see a phase of recovery in which Bitcoin slowly crawls back up, until it reaches new all time highs of $105k in 2025 before correcting down below $36k in 2027. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
BNC:BLX
by Michael_Wang_Official
7
BTC Bitcoin: Important Support and Resistance LinesHello friends, today I am posting the important Support and Resistance trend lines for Bitcoin (BTC). These are the lines that I keep a close eye on and though there may be more, these are the important ones I focus on. One thing to keep an eye on with Support and Resistance lines is how many times in the past has the price came into that area. The chart has no other indicators or oscillators shown to keep it simple. I hope you can use this for your charting! 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! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
10
Perfect $BTC bottom goes like thisPls see profile for more info & up to date 1/2 Look @ big daddy for #crypto guidance $BTC potential BULL FLAG after BREAKAWAY GAP Tried on 1/12 but gapped up 2 days later, better IMO Flags are CONTINUATION patterns Would like 2c #BTC lil higher today + more volume Then Small down trend + volume dies Then #Bitcoin🧨 - 2/2 Perfect #crypto setup Perfect = $BTC forms flag, pops to 24kish NECKLING = RESISTANCE THEN #BTC sells off, forms base Higher base = BETTER No lower than gap fill = IDEAL #Bitcoin can take couple months to do this Watch the 2md leg for VOLUME NOW it MUST be heavy
CME:BTC1!
by ROYAL_OAK_INC
2
Bitcoin Still in Falling Wedge ResistanceBitcoin rises to the top of the channel in last weeks Bullish breakout The resulting rally ran out of steam near 6+ month trend line resistance and staying inside of the falling wedge. If Bitcoin is unable to get the legs to break through the resistance we could be looking at a pullback to the bottom of the wedge for another touch at support near 13k area. It is to be noted that the Monthly 100MA is support is lurking in the 12-13k area forming long term support. If the bottom isn't already in, I'm looking to find it in the 12k - 13k area
KRAKEN:BTCUSDShort
by JordonH
2
Bitcoin first buy signal since 2021 target to $30,593Reverse Cup and Handle is a rare formation (probably one I made up). But since 2003, I've seen them line up and they act just like a Cup and Handle. The price has officially, broken above Brim Price >200 - Bullish (Green background) RSI (through the roof) (Green background) Target $30,593 Bullish - Medium term There is still a lot of recovery to take place int he crypto space, and anything can happen. I will be cautious with this one.
OANDA:BTCUSDLong
by Timonrosso
Bitcoin BTC price trade and analysis situation on crypto marketThe weekend was quite active on the crypto market. Many cryptocurrencies grew in value, including the main one - Bitcoin In general, it happened as we assumed in the previous idea: people started closing shorts either by themselves or by the stops, and the prices of all assets began to grow rapidly. We assume that another impulsive growth to the $24800-25000 area is possible in the coming days This zone is "the last bastion of the sellers' defense". In August 2022, there was already a fierce battle between buyers and sellers in this range, and the sellers won then. We'll see what happens this time, but in this liquidity zone, we will definitely fix some of our long positions in BTC and altcoins, taking profits. This will make it psychologically easier to "look around", make a realistic and adequate assessment of the market situation, and make the right trading decisions in the future. Have a great trading week to all you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
44
BTCUSDT Potential Long setupMONTHLY- 8 Days left, before the close of the candle which most likely become a strong engulfing candlestick pattern - There's also a retest on previous high in monthly structure WEEKLY- Weekly became uptrend after breaking the 21460 high DAILY/4H -also currently What I'm waiting for right now is 1. the retracement on 21460 or 21500 high of the week and 4H market structural zone. Fibonacci retracement 61.8% is also lining up with the zones. 2. When the price reached to the 21500 zone, wait for at least 30M Engulfing or Strong rejections before opening a buy position Take Profit Targets ; 22750 and 24500
Long
by Chiguuu