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Bitcoinidea

BITCOIN "make or break" According to Elliott Wave analysis, Bitcoin's fifth wave appears to have completed at a high of $25,250 and the price has fallen from that level. The key support level of $21,510 has been broken, as well as the Fibonacci level of 0.5 at $20,363. It's important to wait for a daily close to confirm whether the 0.618 Fibonacci level at $19,209 can hold as major sell-offs may occur if it fails. The potential levels to watch for are $17,567, $15,476, and $12,817. The golden ratio of 0.618 also supports the $19,209 level as a critical support. It's worth noting that this Bitcoin collapse is driven by the actions of central banks of all countries, and if Bitcoin can survive the Fed rate hike, we may see a new all-time high. However, this remains to be seen and will depend on a range of economic and geopolitical factors. In summary, Bitcoin is currently experiencing a significant correction and it's important to keep an eye on the key support levels mentioned above to gauge its future direction.
Short
by arpitjain11
1
#Bitcoin - thoughts out loud #17 !!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. For the current period of time, I continue to look for opportunities to buy an asset cheaper. As in the previous opinion, it was said that the range of 23000 - 23200 is a benchmark for further movement. As we can see, there is no professional activity. I expect purchases to resume around 19000 . Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Short
by WVitalievich
BTC Falling Wedge!BYBIT:BTCUSDT.P BTC price action is at area of value. But could test lower levels of the zone. Sitting in Falling Wedge with 68% chance for break to the upside. Watching for possible fake out (breakdown and then reclaim) of 21.5K area for Long or Double Bottom. Should BTC bearish retest the zone, possible target 18K. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
BTC/USD#bitcoin impulse correction bitcoin is correcting to continue its rise to its highest levels since 2021 there will be several long-term buying opportunities $21553 $20407 $19262 $17632 #bitcoin #btc #Cryptocurency #crypto #trading it's important to note that the cryptocurrency market is highly volatile and subject to sudden price swings that can be difficult to predict. Therefore, it's important to approach any analysis of Bitcoin with caution and to keep in mind the risks involved in trading cryptocurrencies.
COINBASE:BTCUSD
by oraclpips
BITCOIN (BTCUSD) - Week 09 - Weekly / Daily Analysis▪️2W Analysis Here is our view on BTC Looking at the 2W TF, we’ve used the same interval time from the highest point to lowest point for each bearish trend and at same time looking at RSI to find matching Low - we had already done an initial analysis on that exact same chart early 2022 and then provided an update end of 2022. If that pattern is to repeat itself again for a third time, this could very well be the start of a bull run. In regards to Price Target I have plugged in a curved TL (magenta) across each Higher Highs created at end of each bull run, and if this is correct, we could expect BTC to reach the $140K price level, approx x7 from current price. Now as we all know, nothing is certain in life, especially in the Crypto space, albeit I believe BTC has good chance to reach to that price by end of sep 2025. ▪️Daily Analysis Since end of November, price has been bullish, we have seen first sign of that potential bull run with a push to the upside with momentum which broke that first Lower high (COD red line), at same time a Break of major TL and the retest made both on the broken structure and that TL, from there price pushed up again to reach the $25K “psy level” from which it got rejected. I am now anticipating further ranging in that zone (20K / 25K), there is nothing in between that is particularly compelling. The daily time frame is the subject of much debate at the time of writing. In particular, the issue at hand is whether or not the current pullback might just be a higher low preceding the new higher high at $25K, which I think is unlikely. As per last few months (June - nov 2022) this price range has been extremely erratic. And since then, there has been no follow-through from any of the range breakouts, it may be premature to anticipate a clear market structure pattern. Second, each of the more distinct support levels is closer to $18K / 20K, hence why I am looking at different scenarios with a "bearish view" while price is in that price range. I believe the "higher low" attempt will be much deeper than what is currently offered on the daily time frame. To put it another way, despite the fact that this region makes structural sense for a higher low, there are no corresponding high time frame levels of support to backup that case, rendering it less persuasive. The daily and lower time frame price action must be particularly compelling for us to develop strong views in the absence of clear high time frame support levels. In the grand scheme of things, a range high breakout and a deeper monthly pullback would be obvious. We are aware that the market is retreating from multi-time frame resistance; therefore, in order to advance, we require favourable levels and/or price action. I believe that we are currently lacking of both, so best thing to do right now is to wait for confirmation on direction, and in the meantime, I will be looking at the LTFs for potential trades, whenever price reaches key levels and market gives us the signals for a trade opportunity. Trade with care!
BITSTAMP:BTCUSD
by financialflagship
[Tutorial] Price Action And How Can We Use It To Make MoneyWelcome to this video on Bitcoin and price action Part 1 of 3. But what exactly is price action, and how can it help you make informed trading decisions? Price action is a technique used by traders to analyze market movements based on the price and volume of a security, without relying on technical indicators or other external factors. In this video, we'll explore some of the most commonly used price action patterns in Bitcoin trading , including support and resistance levels, trend lines, candlestick patterns, price action patterns, and moving averages. We'll also discuss how to use these patterns in combination with other forms of analysis to make informed trading decisions, and how to manage risk when trading Bitcoin.
BEducation
by pcmonk