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BTC/USDT - Is History Repeating? 📉🔮Taking a look at 2 charts on this one. The left being right now, and the right being end of May into June when crypto took a significant nosedive.📉 We can see that the two charts are eerily similar. We've experience a double top at the 16800-17100 resistance. The last time we had a double top at a significant resistance level, we had a drastic drop to the downside. Now, does today's price action guarantee we'll see another leg down? No. However, given the current macro situation, Bitcoin's weakness as equities pumped last week, and the lack of trust & credibility for the industry after the FTX collapse...it sure seems likely.🥶 Like we've stated in previous posts, we're leaning towards another leg down and a push towards $10K. If we get there, we'll look to scoop up BTC, ETH, and other strong alts for longer term HODLing. We shall see. -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
3
Bitcoin Analyze (Bearish 🏁Flag🏁Patterns Festival & Events)!!!In this article, I tried to make a connection between the classic technical analysis patterns and the fundamental news that we see in the market. First, I must say that in these few months that Bitcoin has been in a downward trend, the Bearish Flag Pattern has worked well. It should be noted that each of the Bearish Flag Patterns required a trigger, and Fundamental News activated these triggers. In the first flag (blue), Project Luna activated the pattern. In the second flag (sky blue), the bankruptcy of 3AC caused Bitcoin to fall. Currently, Bitcoin has formed a bearish flag pattern (orange), and I expect this pattern to be activated during the Mt.Gox Bitcoins release event. It is interesting to know that each of these flags has caused a 45% drop in Bitcoin, and if the current bearish flag is activated, Bitcoin may drop to $13,850. Another thing that can be said is that the previous big correction lasted about 2 months, and in the current correction, the price returned from the upper line of the current bearish flag pattern after 2 months(Is it a sign of the next drop?). Let's get to know this fundamental news a little. 🔴What is Happening to Luna crypto❗️❓ The token which was formerly known as Terra Luna $LUNA is now known as Terra Luna Classic $LUNC. The asset is now famous for the crypto crash that occurred in May of 2022: the token which sold as high as $80 per $LUNA is now currently $0.0001074 per $LUNC on CoinMarketCap as of the 20th of July 2022. 🔴Why did 3AC collapse❗️❓ 3AC filed for bankruptcy last month, bringing down crypto broker Voyager Digital along with it. Crypto billionaire and the founder of the FTX exchange, Sam Bankman-Fried, blames 3AC for triggering a ripple effect that caused crypto companies to file for bankruptcy or freeze transactions. 🔴What happened to the Mt. Gox bitcoin❗️❓ Gox lost 850,000 BTC in a hack, a creditor dump could conceivably be worse. That said, Mt. Gox wasn't able to get back the stolen Bitcoins, so the trustee is not actually paying out 850,000 BTC to creditors. In July 2022, the Mt. Gox trustee posted an update that the trustee is “preparing to make repayments” in “accordance with the approved rehabilitation plan.” The trustee currently holds approximately 140,000 BTC, BCH and U.S.$500,000. Creditors who previously filed claims can elect to receive 90% of what they are owed via an Early Lum-Sum Repayment (which could be somewhere between 15%-25% of what they actually held on the exchange) and also choose which assets would like to be paid back in BTC and/or BCH or cash. No date is set for repayments to start, though the document did state that the “Setting of Assignment, etc. Restriction Reference Period” may start from the end of August in 2022. This period would prevent the assignment or transfer of claims “for safe and secure Repayments.” This August date could indicate that repayments could start in September, but technically the two dates are unrelated. Bitcoin Analyze ( BTCUSDT ) Daily Timeframe ⏰ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Bitcoin Intrady TechnicalsThere was no change in the price action of Bitcoin since yesterday. Bitcoin's daily candle closed as a doji and it is trading as a doji today. In the intraday chart, BTCUSD continued to test $16,929 and, above it, Bitcoin will move towards $17,688. As long as it remain below $16,929, we will see more choppy price action. Today I follow the below scenarios. Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981. Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
BINANCE:BTCUSD
by Trade-Lean
The Bitcoin Experiment!First off I want to say, don't take this as gospel. This is a chart to follow bitcoin and plot it's path using math and it's trend patterns to date. The time sequences from a factor of 1.4, 1.5 and 1.6 are what the math shows me 1.4 Multiple being the trend from establishment (support) to trend end 1.44 Multiple is the breakthrough to the trend end 1.5 Multiple is the breakthrough to peak (Shaded area) You follow chart this until it's voided 1.6 Multiple is from peak to peak (Long Green arrow) This math is using the second peak in November 2021 1.3 is the multiple using the first peak in April 2021 (shorter green line), which puts the second parabola and final top of the trend in July of 2031. History might not repeat exactly but it does seem to follow the patterns fairly closely. Using math sequences we might be able to figure out approximate moves fairly closely. For this chart to have present or very near timeline validity, the next few bars should push up against the blue line as resistance just as it did on the red line in 2014. So, Let's wait and see into December to see what happens. The blue and red regression trend shows a similar pattern with three waves down until the final plunge of the trend line break through. If accurate, this chart can help you navigate through the Bitcoin timeline, as it can help you see what stage it is in, or at least to get a better grasp of the moves. Please feel free to comment your thoughts below Thank you for looking WeAreSatoshi Stay Blessed!
BNC:BLX
by WeAreSat0shi
6
Possible Bitcoin Cup and Handle PatternI have felt for a while that the bear market low would be much lower than the June 18th low. The previous two bear market lows were both down approximately 85% from their peaks. A similar percentage drop for this bear market would lower the price of Bitcoin to between $10k and $11k. I'm not convinced the price will go that low, but I could see a bottom around $15k. But, I have also been impressed with the resilience of Bitcoin in the face of all the macro issues facing the markets. Because Bitcoin has been highly correlated with the stock market, I believe all of the macro issues facing the stock market will also affect Bitcoin's performance. I believe that will determine if the price of Bitcoin goes higher or lower from here. I always try to keep an open mind, and as such, I have to entertain the possibility that the June 18th low could be the bear market low. Looking at the daily time frame, Bitcoin is forming a nice cup pattern. Is it possible this ultimately forms a Cup and Handle pattern? Because Cup and Handle patterns are typically continuation patterns, if it plays out, this could lead to Bitcoin pushing back up into the $25k to $30K level. I am in no way an expert in technical analysis, so I would appreciate any feedback. Am I way off in my analysis? In some ways, I hope the June 18th low is the bear market bottom. In other ways, I wouldn't mind if Bitcoin dropped to $15k or lower because that would mean even cheaper prices, and I am still accumulating positions for the next bull market. My view is that the next bull market is still a long way off, probably later in 2024, so there will be plenty of time to fill positions. Again, this is just my opinion, and I could be way off.
FTX:BTCPERPLong
by Bigsky_Crypto
2
Possible Bitcoin price movement for the nearest weekToday we will consider possible movements of the BTCUSDT price for the nearest trading week. If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here: We believe that in the near future, there will be a strong momentum to the upside. Why can the price up move stronger than down? Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price. If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600. The target for the growth wave in the coming week is in the region of $19800-20000. Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000 Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23
Bitcoin Bear Flag Concern!Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move target is shown in the chart at around $11K range. To support the analysis, I have included the Keltner Channels, Ichimoku Cloud, RSI, and Stochastic RSI. I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful. 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! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
5
Bitcoin Triangle 50%/50% or NOT?Entry point: After the price closes outside of the pattern Intersection: Candles completely fill the channel of the figure without empty space Touches: The price touches the resistance and support lines, at least two times each Confirmation: The pattern is confirmed when the price closes outside one of the trendlines Breakout chance: 55% - Upward/45% - Downward Support/Resistance: After the price closes outside the pattern, the support or resistance line may become a mirror level Important NOTE! The status of the market inclines us toward a bearish scenario. Remember, a bear market often shows us false breakdowns.
by Gor_Union
2
BTC AFTER CPI RELEASEBTC - 1D - AFTER CPI AT 7.7% BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it. SEE YOU SOON
by Crypto-Frantisek
2
BTC/USDT - Showing Weakness 😬With Bitcoin getting some decent rejection at $17K, overall sentiment is looking quite bearish for the king of crypto, and crypto in general to be honest.📉 FTX shenanigans aside, Bitcoin showed weakness as Stocks pumped like crazy for the 1st time since 2020. 🥶 Looking at the BTC/USDT 1H chart, we've mapped out a short term range from $15-17K we can see Bitcoin bouncing around in. However if we break 15K, which we think is quite likely as we're macro bearish atm, then it could be look out below for all of crypto...🤯 With the latest Russia / Poland news, the worlds seems to be on a knifes edge - which implies the same for markets. At least that's how we feel. Right now capital preservation is key, so we'll be watching from the sidelines eyeing decent setups.🍿 -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
Bitcoin has just fooled me!Hello, everyone! Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us. The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural correction for triangles. Triangles usually happens in waves 4 or b and we have the wave 4 now. I considered flat correction but in this case we have to see the impulsive wave 3 to the upside inside wave c, but we still did not. I think that BTCUSDT is about to form d and after that wave e before the wave 5 to the downside. I decided to re-open short (at the same level where I closed it) and wait for the minimal wave 5 target approximately at $15k. Best regards, Ivan
Short
by Skyrexio
17
Get Ready for BTC bulls Revenge Plan to 26k, This NOV-DeCAre you ready for $17600, $18800 bulls play. As if $16k was not bad enough, The bears beat the bulls all the way back to $15550. but was the bears breaking down below $16k a Trap on 4hrs. Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why. the bulls won't let this big push to 15500 range go easily on BTC . Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me) But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022. I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support. The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below. If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65. This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area. This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.
COINBASE:BTCUSDLong
by MachiavelliTrader
2
#BTC/USDT LTF Update, Read before you buy or Sell BTC.Welcome to this quick Update on BTC everyone. Let me get straight to the chart BTC broke below the pattern and we had a nasty weekly close. I expected $15300 to be tested but there was a short-term demand at $15800 and we saw a bounce. And after a couple of hours Elon Musk said something positive about BTC in his tweet. If you ask me, Up or Down? Well, I don't know. Keeping in mind the current market situation from a fundamental perspective. There's still a lot of instability regarding FTX and other illiquid small exchanges. Traders are withdrawing funds from exchanges which are making BTC more illiquid. this will make it easier for the Whales to manipulate BTC. Low Liquidity, Big candles. Gotta be careful. CZ is working on helping the other projects to survive these difficult times which is a good step from his side. In the long run, everything is going to be better. However I am not Bullish nor Bearish, I am just saying to be extra careful here. Lower Support is at $13800, $12700a.d $11680, These will be the best price to get into BTC. Still, Do your own Research, This is not Financial Advice. MY ACTION:- I have bought BTC with 45% of my Cash reserves and USDT below $16k. Waiting for more lows or a trend reversal. So far it looks like it can take a little more time. Till than trade carefully and always use Stop Losses. Let me know what you think and do hit the like button and share your views in the comment section. Thank you #PEACE
by Cryptorphic
1
BTC Bitcoin to $12KIf we look at the chart, we can see that BTC Bitcoin was trading lower than its strong support of $17400 and there is not too much volume between $12k and $17K, so it will most likely test that support as well. . On the other hand, i think that by Christmas we will see other institutions or funds with exposure in FTX being margin called! People will leave exchanges for their own wallets. And the last fight will be against the USDT for depegging! Looking forward to read your opinion about it.
Short
by TopgOptions
8