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How far can #Bitcoin's decline continue?CRYPTOCAP:BTC 1D chart; I mentioned earlier about the mismatch on the RSI side, my expectation was that it would rise around 4% from the level it saw before it started to decline, but it started its downward movement with the reaction it received from the falling trend line (red). If you remember, I left the rotation up to here (gray arrow) to be seen on the chart. So our expectation was that a rise was already coming up to here. However, as below, we made a deviation of around 4% above. Now let's see where we can go from here. I have indicated another estimated rotation with the gray arrow. I had previously drawn a bullish pattern starting from around 48k and frankly I am still waiting for the possibility of a decline to this level. The vertical yellow line on the right side is the day of the Fed Rate Meeting, i.e. 18.09.2024 For those of you who remember, I stated in my tweet dated 30.07.2024 that I expected an interest rate cut today and that I thought the mega bull season would officially start the next day. My expectation is still in this direction and has not changed. My prediction is that the decline will continue gradually until this date. I have a gap expectation for the opening on the Bitcoin CME side at night. Therefore, we will update its chart after the opening. Love✨ #btc #Bitcoin
Short
by ugurtash
A bearish 2024 - 14525?Trying to speculating how bitcoin can feasibly reach 6 figure targets by developing bull structure in the form of a large pennant. This would imply a significant pullback to form new lows targeting 14,525 in 2024. Would need to see signs of weakness around this current price range ideally 45.5k rejection, however price can continue further in which case the structure of the chart would need to be reassessed to figure out what in the actual FibOnaCCi is going on. Key prices in this analysis. 45,505. 14,525. 261,000. No one knows where the market goes, the best guess wins. Oh, and blame yourself if I'm wrong.
Long
by TheCheartBreaker
BTC/USDT ANALYSIS 4H$BTC still sideways at range $22.7k - $23.5k , in 1D timeframe look's like bear divergence on RSI . we have two options for btc movement 1. BTC breakdown the support and going to $22.8-22k that's a 4h demand for BTC 2. BTC breakout the consolidation and hit 1h supply and dumping hard why i'am make a options btc moving like that, cause BTC very need some corrections first for make a new higher , if we look in daily timeframe very overbought for BTC . we've wait confirmation first
by Heruprabowo
BTC New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
BITSTAMP:BTCUSD
by ExclusivelyFX
1
Bitcoin Latest Analysis. Hello traders, welcome to today’s analysis on bitcoin, I hope you had a nice week. Today’s analysis will be brief as usual - From our last update, the market respected our forecast and we completed wave y which ended up about 100% of wave x, you can have a look at the previous analysis here. From the current chart, we can see the market is moving fast and got another retracement of about 50% of wave y which I labelled wave x2. I drew the trend line to lay emphasis on our reference point. Usually I like to start my wave counts with letters, but what matters more than the letter is placing trades in the direction of the larger trend, and I try to make the analysis as logical as possible and avoid an opinion based on incomplete evidence( or too much speculations). Now that the market has respected the levels we wanted to see, what should we expect? We expect the market to make a push to the upside, and we can measure the potential target for this move by taking Fibonacci extension from the starting point of wave y to the ending point of wave y, and projecting from the ending point of wave x2. To be more accurate about our target price, we make use of fib confluence levels. If you happen to have issues applying the fib tool you can reach out to me via dm, and besides, we’ll cover all that extensively during the free tradnalysis class later this month or early next month. Be sure I’ll let you know when the time is right. To get more confirmations about this move, we also apply some indicators which tells us we are ready to move. Remember, wave count can be wrong, but what makes it formidable is when you combine it with some indicators and price action. That way you’re forming an extremely impressive formation that’ll eventually lead to profitability. Setup: Our weekly setup will be taking a long position from higher 15k or 16k region, and we expect a move to around lower 17k to complete a wave 5 before we can expect some deeper corrections. Let’s ride the wave together and stay profitable friends. Hitting the like button and follow button helps me reach out to more audience, and it encourages me to create more value for the community. Don’t forget to share your ideas and chart with the community in the comment section below, let’s master the market together. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as this is second to staying profitable. I’ll see you all shortly Thank you Namaste! Traders Nueel_classic
BITSTAMP:BTCUSDLong
by Nueel_classic
5
Simplistic Charting, it is either now or later :) Back at it ;)Stoch broken up, bullish momentum on ewo, demarker just went to oversold area can keep on travelling there, we lookin bullish but the chart pattern says we are not bullish till we didnt break the line, so we either gonna break the line now or end of the year but as the halving is on the way in May, i believe we are gonna break it before the end of the year, the trend is your friend so just follow the trend :) But either way we are breaking 20k soon ) No BS, simplistic charting :) Be a turtle my friend Ⓒ Farhad Jafarov
BITSTAMP:BTCUSD
by farhadjafarov7
Bitcoin - Undestand where we are and what may happen.Bitcoin is resting on pretty strong support for now but as more candles pile up on top of that white horizontal line it will get heavier and break. If we go up it may not be too much higher than the combination of the green trendline and 200MA. All the up moves we have been having will culminate once they hit the 200MA for now. One thing to count on is that you will never have too many green candles together or too many red candles together, so we are due for a green candle. Usually, it is 3 to 5 candles of one color before the other color makes an appearance. Over the weekend I notice that the 7K are is becoming stronger and stronger, in my opinion, we may drop as low as $6,700 but we'll come back to 7K a few times before we start going back up. Right now the 4K scenario is not in play at all so don't let anyone tell you we are going that low. It may become a possibility at one point and we'll talk about it once we get there. This is the long view of the road map so it is easier to see where we are and where we are headed. Now, some interesting charts I've created for you guys. Below you'll see the Crypto Total Market Cap, Which shows you how much money comes in and goes out at any given time. Money has come in over the weekend (About 10 Billion dollars) this chart and the next one below called BTC Dominance, give you a good leading idea as to where we are headed. I'll tie it all together in the next paragraph. for now, keep in mind that money has come in and stayed in the crypto asset class. Ok let's look at the BTC Dominance chart Here we can see that Bitcoin has lost a little dominance. So if money has come in and alts have gained ground that tells you that quite possibly it may be the start of alt season soon (let's hope). NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going a little further down but near the bottom. THE OUTLOOK: Almost safe to buy BTC but safe to buy top 10 market-cap Alts now and as they dip. Be safe and follow me to make money and stay ahead of the curve.
Long
by cryptoGats
19
Bitcoin - The legendIn this chart you can see that a couple of things happened. #1 Just as I have been saying for a few weeks now, keep an eye on the 12H and the 200MA, once price goes under the 200MA on the 12H BTC will struggle to come back up, moreover, If price can't make it above the 200MA we will go down quite a bit. #2 We've had a trendline violation which it's yet another indication that BTC is weak and does not have any buyers at this point. The first X (from top to bottom) is sitting on very strong support so it may take a while to break through and keep going down. This is what I will be on the lookout for: The first X has very strong support, it may stage a rally once price gets there, that rally may lead to a big up move. The first X has very strong support, if it breaks easily we'll tumble down to the upper 6k's (This is the likely scenario) The first X has very strong support, it may take a while to break and if so we'll go to the low 8k after a little rally. There are always leading measures (early signs) that give you a heads up about what is going to happen. In this case, the red downtrend channel line has become insane resistance. BTC can run up to it all it wants but if it does not go over it, it will lead to a big drop as punishment. If BTC goes over this line we sit up and pay attention, what specifically are we looking for? We are looking for a new "High Low" or a new "High high" at which point I will indicate where to jump in. Going back to leading measures; On the last post, I told you that if BTC closed more than 3 candles below the 50MA on the 12H it will lead to a down move. Well... here we are, it happened just as I said. Now, today we're about to close our second candle below the trendline, needless to say, that will lead to a further drop. NOW, THE LEGEND; So my charts are easier to understand I'm creating a legend, so here we go. Support trendlines are green Resistance trendlines are Red Horizontal support lines are Black the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is Black
Long
by cryptoGats
9
Bitcoin - Is throwing clear signalsTo be clear what exactly is BTC waiting for in order to keep going up? Simple, a set up that will generate a lot of buyers, do we have one insight? Yes, look at my 3-day timeframe chart and any of the two green X's are setups that will entice buyers. Now, there are 4 things that prevent us from even thinking about putting money into BTC. A death cross on the 12H, a broken trendline, also BTC has fallen below the 50MA on the 1D and lastly, we are at the top of a triangle on a major timeframe. Looking at multiple timeframes there are numerous red flags. On the 6H timeframe, we are under a death cross and BTC failed to move up decisively. On the 12Hour there are multiple red flags as mentioned above: 1. Price fell out of the up trendline. 2. A death cross 3. Anemic volume 4. BTC Was rejected by the downtrend line On the daily we have been trading under the 50MA while creating lower highs. On the 3 Day timeframe, we are at the very top of a down trendline. One of the golden rules of trading is to never buy the top of any channel or triangle. We have been waiting for a long time for BTC to break through this barrier and simply put, there are no buyers at this point. Chances are growing that we will have a big drop again soon. I'll close with this; BTC always wants to get back to the 200MA on the daily and we are still far away from it. It can't keep moving up unless it touches base with this very important moving average. THE TREND: Going down. THE OUTLOOK: Unsafe to buy BTC . Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
4
Bitcoin - Said and Done, Do I have your attention Now?Last night I told you that this move was coming, how did I know? You have to learn how to read the chart through multiple timeframes and using only a few indicators. I also know the next destination, once it hits I am jumping in with both feet and loading up on alts. Which ones? We'll follow me and you will know. If you really want to make money with Crypto you need to understand that you will and it can be done but with a few bites a year. This market creates "Low Risk" opportunities once every few months. If you make 15k or 20K every time you can make decent money. Back to the TA, in this chart, you can see that the green X marks very strong support. If BTC continues to drop it will get to that green X. That X also is the 61.8 of the entire 2019 move which could mean an automatic move up as soon as we hit it. This is one of those low-risk scenarios that even if it drops some more there is little more to go before it begins to go up. I already recommended great Buy In zones for my followers for NEO and LTC. Follow me and I will keep dropping buy zones for other alts. LTC is not done dropping yet. I see that BTC is going to drop a little more before going to the 15.5K area. This is a quick look at my weekly chart below. It will be a slow and unpredictable grind but low-risk opportunities are going to be created and I can spot them and get you in with ample time. Example, NEO and LTC are safe to commit 15 - 25% of your paper trading capital right now. LTC will drop further do leave some capital free to buy some more when it hits 62.00 and NEO hits 8.5. THE TREND: Going down but not much further. THE OUTLOOK: Unsafe for now. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
Bitcoin - It's showtime, watch this!So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed. 1. While on a range BTC keeps violating up trendlines which is a sign of going down. 2. The 20MA (The thin green line) is now moving down toward the 200MA. 3. Volume is gradually getting lower. 4. We are making lower highs 5. We are constantly testing out the 200MA for better or worse. There are just too many signs telling us to stay away for now. THE TREND: Sideways with strong hints of going down THE OUTLOOK: Very Unsafe, stay out. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
4
Bitcoin - Take a look at this, seriouslyWithin the battle this will be a good little fight to watch. So leading to 8:00 PM EST, there will be a fight to drive the price down by the bears because it really does matter where this candle closes, and the bulls will try to do the same because well... it really matters where this candle closes. Why? If it closes down below resistance (the green trendline) this will be a strong candle getting rejected. The odds of the 20MA crossing the 50MA, become greater meaning if that happens we go down quite a bit. If it closes up this will be the first candle closing above the resistance line and it will also close above the 20MA which indicates a further up move. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats