Bitcoinmarkets
#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
BITCOIN NEWBORN Ver.2Previous maps have factored in BTC's journey when the price was at 25k which fell to 15k.
everything is very precise, but unfortunately, it turns out that the map cannot be published due to problems with language and domicile regulations!
And now, I'm just looking at the equivalent of Bitcoin's current state (Feb 2023) to 2020 Feb, in 1M TF .
It all starts with a rising wedge pattern and there are brekouts and brekdowns within it (it's more of a long rising wedge )
I'm sure February 2020 will happen again. And we are currently in the red candle (1 Feb 2023) at 21.8K as of this note.
and again, I really believe Bitcoin will arrive at 60k-150k.
you can see a rough price range for this movement of Bitcoin.
BTC SHORT TERM INTRADAY IDEABTC OUTLOOK
Due to bullish exhaustion at monthly resistance at 24k , i do expect BTC to have a minor retracement as we are in right now. We have CPI data to be released tmrw and my take on CPI is that we might still get high inflation due to how strong the labour market was last month. This would break down pivot prayers and would cause short term dollar strength which in turn could give us a dip across all risk assets in this case BTC. I am still bullish for a few months to come but will wait for the dip to happen before entering longs on BTC.
Set buy limit orders on BTC @
20250
19200
Take profits will be 24000
BITCOIN LONG 20230213Signal: Blue, Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Bitcoin outlookLast idea playing out, nice initial reaction at the 886.
Would expect a pullback soon, a lot of liquidity and imbalances to be potentially filled.
If we lose 21k, it's gonna be a staight path to 16-18k.
Still bearish onthe macro, 2023 doesnt't look greatfor economy overall, don't think crypto will be different.
Bitcoin -> Be Ready For The Next MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Bitcoin just recently had a massive 50% pump towards the upside without any noticable correction.
Therefore, it was quite expected that we will at least have a short term retracement, which the market is currently providing. However since we are now testing previous weekly resistance, turned support, I do expect the continuation towards the upside from here.
On the daily timeframe we can see the same picture, the market is about to retest a previous daily resistance zone; I am now just waiting for a deeper retracement before I do expect the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈
Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''.
We notice in the picture a difference between the price on the chart and the '' RSI '' indicator,
So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉
Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️
⚠ You must wait for a signal or entry sign in order to buy bitcoins.
#BTC/USDT Important Update! Read this If you are in RED now!Got almost 47 DMs today from people asking for advice, I can't do that.
You were warned to take profits a few days back.
You were warned to stay in the stables.
Not trying. to brag here but every single chart has been dead accurate this year.
Do you know why? Because I have been wrong a thousand times and I know I will be wrong in the future too but the last 5 weeks have been wild.
If you are on the losing side now.
Note down your mistakes.
Do not repeat that again.
You can't survive this game if you don't learn.
No one can save you, not me not anyone else. IT'S JUST YOU AND YOU ONLY.
The alpha that I provide has been unmatchable since 2019. Use it at your own convenience but listen to your instincts.
Coming back to the chart the lower support levels are:- $21200, $20400, and $19800.
I am personally mostly in USDT and BTC (long term).
Will be laddering into Altcoins and BTC when I see some positive signs.
The upcoming weekly close will be important
If I was you I would look for opportunities in the market when I see divergences everywhere in important time frames.
I will post those charts in Free channels above all my social media platforms. (Link in bio)
Follow me to stay Updated.
Stay tuned,
I work hard to post these updates no matter where I am I try to deliver these on time.
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Thank you
#PEACE
BTC -Bearish Expansion Triangle PatternBitcoin as per 4hr. #TA at #KuCoin
At Present #Bitcoin moving as per #BearishExpansion #TrianglePattern, and BTC will be soon at $22.5k to $21.5k Zone, while February Lower Divergence target is $20.5k... Just wait n watch, but not take big risk on long term future tradings...
BTC/USDT RANGE PLAY HTF #BTCHere's my idea on the current price action of BTC and possible target if it were to break either way:
Downside:
- If BTC fails to hold the $22500 region then I suspect the price will fall, take out the inefficiency of the pump and hit the mid-range marked out.
- Possible signs of a deviation
- Bulls running out of steam
Upside:
- If BTC can reclaim the 0.75 region then the range high is a possibility
- I would be careful placing longs in this area, Keep a tight stop loss and cut soon if it breaks below
BTC little bit to the upside before major move to downsideHello.
In todays analysis I checked BTC and its liqudiation cluster.talked about SPX and dxy and how they are correlated to btc
I think btc might move a bit higher resulting in a new extreme before comin back down to form lower lows and possibly losing 20k in this week
I am open to suggestions
Thanks for watching
THE BULL RUN, MILLIONS WILL MISS.The chart prints are never a mistake, it is for our learning and direction. BTC to 10k is not happening, don't miss this opportunity to buy when millions will be thinking a little retrace is taking BTC to 10k...Be wise the chart is the only chat you need to interact with, not some gurus.
February 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.61% over the last 24 hours and rose to an intraday high of $23,452.99. The largest cryptocurrency moved back above $23,000. Recent daily candles and the relative strength index suggest the bullish momentum is cooling. The bulls will try to push the BTC/USDT pair above $24,263 and challenge the $25,000 price level. However, if the price turns down and drops below $23,000, the BTC/USDT pair could find support between $22,800 and the 20-day exponential moving average ($22,605).
Today’s Cryptocurrency Headline
Lido Announces V2 Upgrade Plan
Lido, the liquidity staking protocol, announced the V2 upgrade plan, which will allow stETH holders to withdraw directly from the Beacon Chain at a ratio of 1:1. Additionally, Lido announced a new feature called Staking Router, A new modular architecture that allows anyone (incl. solo stakers) to become a Node Operator.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Outlook on BTC ( 5/2/2023 ) Swing trade has been a success as of today since longs was called out in late November leading into December. Using BTC as reference to all other crypto coins, we are up a solid 48.65%.
Do i believe we will continue higher ? yes i do. Fundamentally the market sentiment has just started to shift. The relieve rally that we are experiencing now was expected but will be short lived. My ideal take profit levels has been stated above and i would not mind scaling out alittle at its current price point as we are having slight exhaustion due to a technical reason of BTC being at a major resistance now. Upon a break of this level would give us another leg up which will ideally hit our take profit targets as marked up above.
With both fundamentals and technical aspects showing us a bullish bias, i would only shift and scale out all my long positions if there is a fundamental shift. Which i do believe will happen but only in the mid year. ( likely recession ) I may be wrong hence scaling out and bagging alittle profits at current price is a good idea.
the confluence of 3 possible bottom signals1) pi cycle low
2) trading and holding above the 20 week sma and 21 week ema
3) the printing of bitcoin's first green monthly heikin-ashi candle after 12 months + of carnage
although it may be difficult to imagine, history suggests that the confluence of these three indicators may foreshadow the birth of a new bull cycle
Bitcoin -> More Potential To The UpsideHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Over the past four weeks, Bitcoin had a massive rally towards the upside, rejecting the very strong psychological 16.000 area.
I mentioned this rally towards the upside over and over again, since Bitcoin was also retesting the previous all-time-high of the last crypto cycle in 2018, which is now turned very strong support.
Considering that crypto pumps can last longer than most people think, I am now just waiting for a classic break and retest from a daily perspective to go long on Bitcoin.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
bitcoin's first green monthly heikin-ashi candlehistory seems to suggest that bitcoin's first "green" monthly heikin-ashi candle following 12 months+ of absolute carnage marks the birth of a new bull cycle. it is important to note that this does not indicate the bear market's bottom, but rather a decent confirmation that we are currently transitioning out. the recent print of january 2023's green heikin-ashi candle may very well be a positive omen suggesting where we're all headed in the not so distant future
credit to ben cowen of intothecryptoverse.com, who seems to be the first individual to discuss using monthly heiken-ashi candles as a tool to understand where we stand in any part of a cycle.
What is going on with Bitcoin?!!!As we see this falling wedge being broken down to the price of approximately 19.7k we did wick to 19.3k to hit some stopp-losses and retested some important key price levels.
Should we be worried? No! Well no for now.... let me explain.
We need to see Bitcoin holding above some key levels. Those levels are:
19.3k
19.750k
20k
If we break 19.3k we could go down to 18.6k
Trade safe!