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Bitcoinlongs

BTC Cycles On-Chain & MarketIn this multi-timeframe chart we look at the current BTCUSD market cycle compared to the previous cycles using both on-chain and market data. On the main pane is BTCUSD on the weekly scale. On top of the price is a on-chain grid of the BTCUSD realized price multiplied. The solid silver bottom grid line is the BTCUSD realized price with the solid red line on top of the grid being 20x of the BTCUSD realized price. On the price scale you will notice the on-chain BTCUSD realized price at 20x level successfully shows peak oversold cycle periods. An investor could use this metric as a market top selling point when the price action is above the solid red line and then crosses under. Below the price pane is two additional panes showing custom market cycle RSI values. The first pane shows my DB ZPS RSI indicator set to 4 month timeframe with a length value of 2. The second pane lowest on the chart panel shows a custom zero lag smoothed RSI output for the on-chain realized price. The investor will notice both RSI panes are very similar. Take note that the top RSI pane is based purely on market data while the second (lower) RSI value is based on-chain realized price. The curves of both RSI panes act as confirmation to each other of the cycle of BTCUSD from the 4 month level. Both RSI panes use a custom scale with oversold being at 95 plus and undersold at 20 or less. The RSI panes also use a color indicator that is based on a zero lag smoothing of the core value to show no lag changes. Maroon indicates down pressure, blue indicates change in direction building, green indicates upward pressure, orange indicates change in direction building (top forming). An investor could use these RSI values to know when the market top will happen within a 4 month period by looking for a cross under 95 value (any color). The most ideal time to buy for an investor would be when the RSI value is green in color with a less than or equal to 20 in value. The aim of sharing this high level BTCUSD market cycle idea is to give investors an idea of the current and historical market cycles of BTCUSD. If these metrics are correct, we are in the start of a strong bull cycle.
INDEX:BTCUSDLong
by thefluffyones
Bitcoin LongsLong Entry 1: If the price retraces to the 61.8% level (27,435.6) and then starts to rise, this could be a potential long entry point. A stop-loss could be set just below this level, and a take-profit target could be set at the next Fibonacci level up (50% level at 27,924.4). Long Entry 2: If the price retraces further to the 78.6% level (26,739.6) and then starts to rise, this could be another potential long entry point. A stop-loss could be set just below this level, and a take-profit target could be set at a higher Fibonacci level (61.8% level at 27,435.6). If you like my ideas pls share ;)
CRYPTO:BTCUSDLong
by Holyrood
BitCoin In Bullish Sentiment, More Highs Expected!Bitcoin has been experiencing a bullish trend over the past few weeks. This week, more accumulation is expected at target levels 1 and 2 acting as potential resistance points. At these 2 levels, prices are expected to face rejection upon reaching them. This consolidation phase could pave the way for future growth in the cryptocurrency. Market conditions can be unpredictable, so caution and due diligence are advised for those considering to invest in Bitcoin. N.B! - BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #bitcoin #btcusd #BTC
COINBASE:BTCUSDLong
by BullBearMkt
BTCUSDT [ BITCOIN ] After the breakout of #headandshoulder #pattern on 1st Aug btc price drop $23360 to $22674 which is strong support on 4h #timeframe. Price rejected this level of support multiple times and we see #doublebottom market structure.Now price coming back to resistance of the zone in which price is moving from last 3 days. $23360 / $22674 . What next in bitcoin? Price is testing its strong supply area multiple times. and another small consolidation we see from 23400-23257 so this seems like #bulls hold this level and we see breakout of this resistance level. If breakout happend you can go long with tha targets of $23852 and $24326 31july supply zone. Your stop below this small range zone which is $23115 INTRADAY ENTRY After breakout of yellow resitance. TP1 /23852$ TP2 /24326 $ SL /23115$ R.R RATIO 1:3 If break below the small range 23100$ than you short btc for the target of 22500$ sl 23500$ R.R RATIO 1:1 #thetradingclub #cryptoanalysis #bitcoinpump
Long
by naumanfx_
Bitcoin: Key price levelsChart Overview - Binance, BTC/USDT, 1D ANALYSIS - 4 Key price levels are established using the fib ext. from the ATH to the low of the large subsequent price dump to the next high before we dropped once more to low 40k's. The prices are as follows: 0 - 52k 0.236 - 45.7k 0.382 - 41.7k 0.618 - 35.4k Conclussion: For a bullish reversal the most ideal situation would be for bitcoin to pump above 45.7k today, I would give this a subjective 10% probability. I would also give a near term dump to 35.4k a 10% possibility. Most likely, IMO, we will see a close around 42 to 43k today, after that we will have to monitor the prices closely. Personally I am bullish because of previous price behaviour and believe we are very close to the bottom of this dump which I believe to be 40.7k if we continue further on the bearish trend. What do you guys think, have we seen the worst or is this just the beginning of a more prolonged bear market or is a bullish reversal imminent? Thanks for reading. Casey DISCLAIMER: NOT PROFESSIONAL ADVICE
Long
by cmpkpersonal
BTC Longs VS Price ActionHello Everyone, Here is bitcoin longs vs Price Action. Please notice the steepness in the drops that led to 20%+ price corrections. I am thinking a correction or major sell off is near. No matter what your current stance on market cycle is, I would be patient on opening long positions. Buy red - sell Green. Here are my technicals: 1. Weak Price Action: PA was very similar to that of April-May Time period where we saw large corrections and failures to make ATHs. 2. OverBought RSI: To return to the mean, we must see consolidation or correction. 3. Long Steepness in selling: in the past this led to 20%+ corrections. 4. Weak Volume: Indicates Bulls losing short-medium term strength. Again signaling a correction is near. I believe we will see a correction. Whales seem to be looking to liquidate positions through manipulation. I would be patient if you're looking to long here. As always Be patient, use risk management, and good luck trading.
Short
by RomanXIV
2
BITCOIN ASCENDING TRIANGLE BREAKOUT TARGET 38K+!Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin is consolidating in an ascending triangle after the rally off of 28.8K, if we get a break and close above 35.5K with strong volume, price is likely to rally to 38K+. If price breaks down, then potentially looking for a long at the 200MAs at 34-34.5K, depending on where the 200MAs are at by the time price reaches them. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
2
BTC/USD Overview + Possible OutcomesHello Traders, Investors, And TradingView Community, In this weekly BTC /USD analysis, we will be taking a look at the most recent events, the current technical formations, as well as discussing possible outcomes. Overview Bitcoin has spent the week vigorously pushing towards the upside. The move went parabolic as soon as BTC crossed the $13,900 mark and entered the $14,000 zone. While the surge got stopped just before it hit $16,000, there is a lot of potential upside as there is practically no resistance holding Bitcoin from reaching its all-time high. However, many traders are taking profits and playing it safe out of fear of ending up the same way they did in 2017/2018. This has caused BTC to lose momentum and, most likely, look for a pullback soon. Technical factors Bitcoin has conquered the ~15,000 level after a week of constant pressure to the upside. The largest cryptocurrency by market cap is currently consolidating right above the $15,480 support level, which will act as a pivot point and a trading direction decider. The next day or two will be crucial for Bitcoin's price movement in the short future. While Bitcoin's sentiment is extremely bullish at the moment, there is no denying that a pullback is quite possible (and maybe even optimal). As there are no set resistance levels to the upside (because Bitcoin only visited these price levels during the bull run of 2017), we are using Fib retracements as well as small consolidation points from that time to determine possible consolidation/direction change spots. Another thing to note is that, as of Oct 29, the hash ribbons indicator is showing miner capitulation, sending out a major buy signal. Likely Outcomes Bitcoin has two main scenarios it can play out, and both end up with the price pulling back to stabilize and consolidate a bit. The possibility of these plays happening is slightly in favor of the second scenario, but it mainly depends only on where Bitcoin ends up (above or below its pivot point). If Bitcoin remains above $15,480, we may expect further attempts of conquering the upside. The next target to the upside are the $16,000 psychological resistance, 23.6% Fib retracement level (sitting at $16,570) and $16,665. If Bitcoin pushes towards the upside, we are almost certainly expecting strong resistance at these levels and an almost certain pullback in the short-term. The other scenario may be slightly more likely, and involves Bitcoin rejecting the current level and falling below its pivot point. In this case, the largest cryptocurrency by market cap will look for a support level, and will most likely find it at the $14,640 level or the 38.2% Fib retracement level (sitting at $14,380). While moves which include Bitcoin moving straight up or down and ignoring these support/resistance levels are possible, they are far less likely and would have to be caused by some fundamental even rather than just price action and technicals. Join us at our Forex Academy website and Facebook group for more Forex and Crypto news and education , as well as our FREE signal section where you can trade alongside us! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by forex-academy
The 2hr of BTC.Just taking a look. Keeping my ideas open. I am looking for Stoch to show max seller pressure with 3x %K %D crossover points similar Oct. 23 - 25th range with another dip close to -472. I am looking for a 25 degree channel bottom curve to confirm another leg up on the 2HR timeline. This would give us a pullback to around 8,400 (61.8%) before another leg up to 11,357 pushing 11,500. This would be ideal to show around point B and also confirm the hourly trend is rising and staying above the purple thick line which represents the top of the bigger channel. Hope you like this idea, this follows today's post ideas on BTC I made earlier today. Please be aware we are still in a down channel and LINES ARE JUST LINES! They only help guide us with price movement and max range degrees/percentages based off supply/demand the market shows. This could have been am impulse back to the top of the channel but expand a little and FAIL back down continuing lower. Basically coming back up for 1 more breath of air before diving deeper in price. If that happens we fall back to the dashed line on the bigger channel. With the amount of recent volume and growth the bulls are in the lead against the bears in the short term. But we need to confirm this is a trend change out of the channel or just temp. momentum? Better to see slow growth than rapid and fast and I personally still want to see some lower prices but if this continues to create bullish accumulation inside this mini channel we can easily impulse again...and just a bit higher this time ;) The bear scenario: This is the HEAD of a head n shoulder pattern leading us lower. And this breakout is false and fails by end of the month. Lets see what happens!
BITSTAMP:BTCUSD
by AschraM
1
BTC Bull ideaA good follower of mine reminded me to take notice of the volume and momentum of this recent charge in BTC. This leads me to believe that we could be breaking out of this flag right now on 4HR and rise to 11,900 zone. A daily continuation of this bullish impulse above Aug 2019 high will make this idea possible. Usually when we get such massive volume into BTC we see Alts fall but we have also seen both move together in bullish volume. Either way if you missed this impulse it is best to sit the side lines and wait for more confirmation for the trend to continue. If this is a new HIGH after a new LOW on BTC then we can drip farther still as I stated in the prev. idea posted or make a leaning shoulder for a continued rise. This would give us a nice ABCD move up to 17K where bears will be sitting closely for weakness of bulls. Where do you think BTC is going for the rest of this year? Will we stay in a black line CONE? Will we ride down to the red ribbons once more for bull confirmation? Is this the bulls are back for a head pattern???? This is a bullish flag with one hell of an impulse! Sellers beware. Buyers be cautious! This is just another idea for you all to take into consideration. Thank you nagihatoum ! Please follow Nagihatoum for more related ideas.
BITSTAMP:BTCUSD
by AschraM
6