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Bitcoin 25k ?Bitcoin MARKET UPDATE 1: Bitcoin support levels - $16,300 and $16,000 strong Support (buyers available ). 2: Bitcoin resistance - $16,600 and $17,000 strong resistance (sellers available). Market depends upon Bitcoin movement so we updated you. Trade with risk management. ——————————————————————— Analysis - BTC Support is at $16,300 and $16,000. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk between mentioned support and resistance levels. BTC closed its daily candle green at $16,226. Looking at the 1-hour timeframe, BTC was able to regain $16,300 support with high volume. BTC got resistance from $16,600 which was also 200 EMA resistance. BTC needs a high volume to break this resistance to head towards $17,000. Total Crypto market cap is at $820 billion, up by 4.6%. BTC dominance is at 38.6%.
Long
by Waqar212
1
3 TradingView indicators for trading EthereumTrading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won't move in unison at all.  This can be very much true for Ethereum and it can frequently diverge from general market sentiment and forge its own price action path. As such, Ethereum traders might like to pay attention to indicators that were designed to fit this asset class. In this article we explore three such indicators and their use with to trading Ethereum.  Performante's Average Ethereum Volume Indicator  The Performante's Average Ethereum Volume Indicator uses volume flow from the biggest cryptocurrency exchanges, to determine the average trading volume of the asset. The benefit of this indicator is that you now can see a more accurate and all-encompassing idea of the volume of the asset being traded, rather than a volume flowing through one exchange/ broker.  Ethereum Long-Short Ratio  This indicator is important for understanding market sentiment as derived from the number of long traders vs the number of short traders.  Effectively, the higher the ratio (the higher the orange bars) means that long traders out number short traders, the we might have more confidence in the bullish prospect of Ethereum. Conversely, a lower the ratio, or the lowering of the ratio, might indicate the declining bullish prospect of Ethereum.  Correlation Coefficient   After you select this indicator, you will be presented with a popup box for you to choose an asset that you can compare with Ethereum. Your selection here could be banking stocks, tech stocks, Bitcoin, another cryptocurrency, or any other asset that aligns with a theory you have about Ethereum moving in relation to the movement in another asset.  The Correlation Coefficient Indicator is range bound between 1 and –1. If the indicator is switching between the bounds of this range or hugging close to 0, it typically means that the relationship between the assets is not very strong or predictable (as 0 indicates no correlation). What you want to watch out for are assets where the indicator remains close to 1 (as this indicates a high positive correlation) or -1 (as this indicates a high inverse correlation). Either way, a positive or inverse relationship can be used to help determine the movement of Ethereum via this other asset. 
BLACKBULL:ETHUSD
by BlackBull_Markets
1
Bitcoin Analysis (BTC) - Support levels on the downsideLooks like BTC is on its way down to the key support levels. Please refer to the chart for the support levels that BTC price might descend to. The key areas are: 1. 14095 2. 12288 3. 10180 (I'm expecting a bounce from this level.) 4. 6825 Another thing to note is that the weekly RSI is already pretty low (30.61) so might see a bounce at around the current price level (15000's) up to the 18000 mark (might be a good level to go short) and then have another wave down in the current channel. If we break the channel (below 15400) we will see the retest of the other support levels pretty quickly. Trade carefully and research on your own before making any trades. I'm not a financial advisor. Cheers!
Short
by MoneyChartz
5
Bitcoin Trading Plan Bitcoin MARKET UPDATE BY 1: Bitcoin support levels - $15600 and $14800 strong Support (buyers position to buy Bitcoin ). 2: Bitcoin resistance - $16,000 and $16,600 strong resistance (sellers available to sell Bitcoin ). BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. This forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price. ——————————————————————— Analysis - BTC Support is at $15,600 and resistance is at $16,000. $15,600 has acted as strong support level once again. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $15,781. Looking at 1 hour timeframe, BTC is getting resistance from 20 EMA as it has been rejected three times as observed from price action since $16,600. High volume is required to break this resistance and regain $16,000 support level again.
Long
by Waqar212
2
$BTCUSDT entry PT 5,099-11,254What is Bitcoin? Bitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries.
Short
by BADQOMOCAWGOWLD
3
Bitcoin Crashed Bitcoin MARKET UPDATE 1: Bitcoin support levels - $15500 and $14800 strong Support (buyers position ). 2: Bitcoin resistance - $17200 and $16150 strong resistance (sellers position ). Crypto trading depends upon Bitcoin movement so trade with risk management. ——————————————————————— Analysis - As we can see on chart BTC touched 15493.68 and now trades at 15645. Currently BTC dominance is 38.5 and RSI at 25 and the total market cap is 783.90B. And 3.78% Decrease over the last day. So manage your trades according to Market update.
Short
by Waqar212
1
Bitcoin is HOT as the HELL!Hello, everyone! Last time I told you that the “triangle” which a lot of traders mentioned it their analytics is just the wave 4 which is represented as the ABCDE correction. The end point of the wave E I marked on the chart. The following dump was just the question of the time. Current dump is the wave 5 and I suppose that the sub wave 3 of this wave have just been finished. I considered this because the price have reached the maximum target for the wave 3 if we take into account waves 1 and 2 structure. 2.61 Fibonacci extension is the maximum target zone. Now I expect the corrective wave 4 to the $16200. This is the target zone also because of Fibonacci 0.5 level and the wave 4 top of the lower order. I closed my short at $15750 and will re-enter it at $16200. After reaching this target we can expect the wave 5 to $15k and there we can buy Bitcoin on spot for the potential bounce. I will tell you about the targets for this bounce in my next analysis when Bitcoin come to this point. Best regards, Ivan
by Skyrexio
13
GBTC Grayscale Bitcoin Downward SupportI am providing four support areas for Grayscale Bitcoin Trust (GBTC) in the event that BTC starts to drop significantly. S4 meets the long term bottom trendline, which has the strongest support. I added in VPVR to show volume clusters. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. 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 #bitcoin #altcoins
GShort
by MillionaireEconomics
2
BTC to $12,000 in January?Hi I would like to throw this idea out there. I don't doubt that Bitcoin price will go ballistic in the future. But in the foreseeable future this is what I expect to go down. Price will bounce back up to around 19.5K and then go all the way down to 12K. I had this thought right at the beginning of the bear market but I felt like it is too far fetched. Now I am more and more convinced it will happen. At least it will be a good buying opportunity. What do you guys think? Thank you!
by turjeics
BTC/USDT - Are We Actually Headed Lower? 🔮Looking at the Bitcoin Weekly chart, we point out a few key ranges. 📊 The first being the astronomical money-printing fueled pump back in 2021. This range is the backbone of why most, us included, are so bearish on Bitcoin and crypto in general. At least in the short term (we're bullish on crypto very long term). Thanks to the FTX circus, we've just recently broken down the May-Nov range that we were crabbing along in. 🦀 We've mapped out where we think we can fall into - $11-15K. Essentially just above the pre-pump resistance level of 2021. As we type this out though Bitcoin is trying to hold $16K, however the fallout of FTX is likely and already has taken down other huge players in the space. 🥶 Combine that with the current macro situation, and it remains difficult to be bullish over the next 1-3 months.🐻 Ultimately, the fate of Bitcoin dumping to $10K, or ranging where we pointed out around $11-15K is up to the SP500. If equities nuke down, then we're likely headed to goblintown in crypto for quite some time...👺 Let us know your thoughts! Think we're crazy? -TucciNomics Chief Overlord, AlgoBuddy
BITSTAMP:BTCUSDShort
by QuantVue
BTC 4H perspectiveHello everyone. today im going to show you an ending correction pattern i seen in BTC chart. as you can see in my chart , an excellent Elliot triangle shaping. with ABC branches and longer C wave. according to triangle rules maybe this pattern ends with a little triangle too as i iilustrate in my chart with White color. after that its important where the price go. i mean it will breakdown the triangle but the path i show on chart is my guess. tomorrow we have some important economic indexes in canada and australia that may lead the market or crash it down in short term indexes like Australian Balance of Trade and Canada Retail sales. forecasts are hopeless but if they come out better its good news. in addition you see RSI indicator below my chart and it bounce back to its 200MA and become stronger. and like any time , dont forget to set a good SL to manage your risk. trdaes without SL are already failed hope you like this post please share me your opinion. please notify me about my mistakes and grow my experience. thank you all for reading my idea
Long
by TraderAmin-KZ
4
Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - $16,000 and $15,600 strong Support (Buyers available at this position ) Bitcoin resistance - $16,600 and $17,000 strong resistance (Sellers available at this position) ——————————————————————— Analysis - BTC support is at $16,000 and next support is at $15,600. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $16,280. Total crypto marketcap is at $804 billion down by 3.89%. BTC dominance is at 38.8%.
Short
by Waqar212
1