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Bitcoinidea

BTC Pattern Continues To Playout! Strong Bearish Signs Are There*Disclaimer - Not Financial Advice* Bitcoin Has been consolidating below a huge HORIZONTAL resistant for a while now And The pattern that we have been talking for the past 3 videos playing out On top of that there are Quadruple Bearish Divergence on RSI and Bear Flag and couple of more SELL signals that I mentioned in the video Lots of STRONG Sell Signals so I would say 25K first before 30K(if it wants to happen) I strongly recommend to watch this untill the end Please Consider supporting the channel by boosting , sharing , Commentng - warms my heart-
Short
by pcmonk
The Bitcoin Crash Pattern Still In Play!!! Will We See 25K TodayBitcoin bleeding down slowly with divergence forming on RSI and a daily Bearish divergence on StochRSI SPX trying to catchup to BTC with its rally. SPX filled both gaps and ready to come back down while DXY trying to regain 103.if DXY starts to recover BTC and SPX will both come back down There is some High leverage around 28.7 which could make btc come back and consolidate for another day or start bleeding down 25K is possible today BUT we could bounce up from that to 30, 31K. The Big H&S that I mentioned in two previous videos still in play Thanks for watching and all your support
Short
by pcmonk
We won't see prices below $17k again leading into 2024 HalvingWe start our fibonacci retracement from the start of Covid in March 2020. The 50 MA maintained above the 500 MA until roughly a year ago in February 2022, where it confirmed a "Death Cross". This was leading right into the 2 year anniversary of Covid and the start of an aggressive series of Fed rate hikes. A year later, we have hit rock bottom and hopefully many of you were able to accumulate below the .786 fibonacci retracement level ($17,720). We are now in a position where the 50 MA has already confirmed a "Golden Cross" with the 200 MA. The 50 MA is now approaching the 500 MA which will secure the long term zone above the $20k support line leading into the halving of 2024. To understand the bigger picture of what is happening, the last time the 50 MA formed a "Golden Cross" with the 500 MA was in August of 2019 (leading up to the halving event of 2020). Once again, we are approaching another 50 MA "Golden Cross" with the 500 MA leading up to another halving event. Keep you eyes on this area long term. All of the indicators from the start of 2016 are pointing in a long term up trend and is setting up perfectly for another halving event (2024).
BITSTAMP:BTCUSDLong
by Darthstrukt
7
We have "reverted to the mean" of 2017 (Long from here)If we go back to 2016-2017 and create the average trend line leading to present time (light blue line), you will see that the 100D MA has bounced off support and now making way to potentially forming a "golden cross" with the 500D MA. Obviously, we could see consolidation between the $20K and $30K range for quite some time, but in the long term we are still following the long term mean. I believe the light blue line will remain an area of safety (hardened support) and will continue the long term trend "up" following the 2024 halving. TLDR: We have already hit rock bottom.
COINBASE:BTCUSDLong
by Darthstrukt
1
BTCUSDT - will there be a breakdown of the 30000 level?A strong seller sat above the level of $28,470, and for 14 days it has not been able to gain a foothold with a single bar above this level. Local rollback from replay is very likely. To continue the growth, it is necessary to fix the higher level, but after 45% growth without corrections, it will not be easy to do this. Before lowering the price below, in my opinion, there should be a test of this level of $30,000-30,900 Despite the fact that we have a strong seller holding the price, I believe that this should happen, since there are a lot of Stop Losses collected at these price levels Not least important is that always before an aggressive drop, which is expected in the near future, there is usually a false pump, which removes liquidity to buy and rebalances the price - these are opportunities for opening short positions. Now I am considering two scenarios for the price development to $24,000: 1. After updating the short-term low ($27,500); 2. After updating the high of the previous month ($30,250);
Short
by JaegerB
The more liquidity, the more fuel BTC has to go upUSDT has been gaining more and more MarketCap and this liquidity is clearly helping BTC to continue performing. See that last move as the correlation is close. A lot of USDT entering the market. This means that it will be very difficult to stop BITCOIN. As long as this liquidity is present in the market, BITCOIN will continue to capture it and continue its parabolic rise. It's printed money that generates inflation being used to buy a deflationary asset, funny but it's real You are taking advantage of the pullbacks to buy. 🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
Long
by leandrosander_