Bitcoin range trading (NEW)Bitcoin price created beautiful range between 25240$ and 23350$.
The price got rejected at the key resistance a little bit above 25k.
Currently the price is in the mid of the range.
23850$ and 23620$ may be a good entries for long position if the price drops lower.
The target would be the upper boundary of the range around 25100$
Moreover, if BTC price keeps on ranging, it would be a great scenario for altcoins as they would have some time to rise.
If we lose 23300$, we may be looking at 22800 $ as the next level where buyers most likely will step in.
Bitcoinmarkets
Bitcoin 2023 Bearish Expansion TriangleBITCOIN WEEKLY CHART PATTERN
As per last year first Downtrend starts in June 2022, the complete wave moves on Bearish Expansion Triangle Pattern, that's last cycle will be complete on May-June 2023 with last Lower-Low of $13.5k - $12.5k and after that big #Bullish wave starts from Aug-Sept 2023, and after October #Bitcoin will Moves forward with full #BullRun mode.
[Watch] MARA versus Bitcoin 0️⃣8️⃣| Ideal EOW level is 7$ What's going on Team NASDAQ:MARA ? I have a new video for you.
Ideally, I want to see EOW close at 7$ per share.
It does not matter if the AMEX:SPY or COINBASE:BTCUSD move lower, still if Marathon Digital Holdings can hold that round figure it will display strength and that's Bueno.
Hey, remember to trade based on your financial circumstances and avoid going All-In.
Load more shares as you have spare cash and remember I see this position as an opportunity to play the future of Bitcoin.
Indeed a brilliant future!
COINBASE:BTCUSD following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar , which, like it or not, is bullish for stocks.
Trade smart and Trade to Win!
Talk to you tomorrow,
J.R. Jaén
Risk Disclaimer
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
Bitcoin (BTC) formed bullish Shark | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC )
Previously we caught a nice trade of Bitcoin as below:
Now on a 4-hr time frame, BTC has formed a bullish Shark move for a bullish reversal move soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bitcoin Macro Bullish IdeaIdea here on just this pattern thats fairly obvious for the past few bull runs in BTC. Takes about 1k days to cool off enough to flip trend and regain the ATH. Takes essentially a85% retrace of price to gain enough stopping power to finesse and flip it. Taking that into account we should dip to about 10k or so before takeoff around nest august when we push back towards the BTC ath. Once it breaks its Moon - ville. stay hydrated out there folks. ggs
Bitcoin Ascending Triangle Pattern #Bitcoin 4hr #TA
As per present scenario, #BTC moves with #Ascending Triangle Pattern ans soon will be chances for some #Bullish Signal in Feb. at final high wave of #BullTrap upto $27.5k to $29.5k, but after that it will Return back with more #Bearish Signals in March & April.
Buying Bitcoin on dips.Bitcoin - 24h expiry - We look to Buy at 24001 (stop at 23341)
Daily signals are bullish.
Preferred trade is to buy on dips.
50 4hour EMA is at 23960.
Bespoke support is located at 24000.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 25651 and 25951
Resistance: 25000 / 25200 / 25500
Support: 24650 / 24200 / 24000
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Bitcoin is facing Heavy ResistanceBitcoin is facing heavy resistance which is coming from two sources:
One is the horizontal resistance of 24 to 25k, and the other is the 200 weekly moving average. This means that there is confluence on the resistance side. Not only are we facing resistance, but this uptrend is already lasting for 53 days, making it likely its time for a correction.
Why is this 200 moving average also included? Normally I woudn't pay much attention to moving averages in general, but this one can be special.
In the bull run of 2015 to end 2017, this line was the support line for the whole bull market. This line was also support at the bottom of december 2018 and during the covid crash, making it strong resistance.
Bitcoin Fake Bullah run continues In this video Ive analysed btc and checked OpenInterest , Liquidation , CVD
Please Follow,boost,comment if you find this helpful. it motivates me to do more for reallll!!!!!
Bitcoin has been going up and up for the past month but how much more it can push ?
With FOMC in 3 days , Bitcoin started to consolidate around 25K which is a 8 month high and bears are slowly entering again (CVD going towards negative) and some more that I covered in previous videos which indicates Fake Bull Run is getting closer to its end
Thanks for watching
BTCUSDT (BITCOIN) Daily: 18/02/2023:🔴Important caption🔴
As you can see, exactly as we expected the price touched the demand zone and reached 25200 and then had a correction.
Well, there is a liquidity void (that you can see on the chart) that we can expect to fill.
For now, If the price can stay above 23k, the price can see more rise.
We can define targets as follow:
26240
26800
27450
28000
💡Wait for the update!
🗓️18/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Bitcoin -> I Told You...Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Bitcoin just broke out of a quite obvious falling wedge formation and since then already had a quite nice pump of about 45% towards the upside.
We also just retested a strong previous weekly resistance, now turned support and as I mentioned in my last analysis I did expect the continuation towards the upside which is exactly what happened.
From a daily timeframe I am now just waiting for the market to break above the next resistance zone and then after a retest provide 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 - thoughts out loud #10.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.
I continue to accompany this asset with a subjective vision.
In my opinion, a deeper correction is needed to continue the asset's gains.
All trading patterns should be searched for on the younger time frames (15 minutes, for example).
But in any case, the market will equalize everything, because it is always right .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .
Crypto BTC update, playing top of the rangeWhole market is quiet... There are only a few top players who have confidence atm... Crypto let DXY go...
I think we'll stay in the range as we'll be testing the top for the first time... Waiting for a support or upward movement of BTC... A quick escape out of the range is possible in short time...
Only clean trades... No trade is also a winning trade...
BTC Bulls Are Back or liquidity grab ?BTC/45M
Before the pump yesterday, WE formed a pennant (two purple lines bottom left) then we legged up insanely to ~24900 but did not touch the origin point of resistance ~25212.
now we are forming the same pattern (two red line top right).so this could go up to ~28600 with this momentum that its showing. Green drawing shows the wave of the pennant which both have the same wave.
pennants usually are sign of continuation and if they fail it could be a jebait or a complete retracement.
My personnal bias is down side due to market and world economy situation.
Also made a video today which unfortunately is in DXY category in link to related ideas
Please Comment,Boost,Follow if you find this interesting
Bitcoin Bull Market Back Or Fake Pump?BTC/3H Back to the rising broadening wedge
Please Boost,Follow,Comment it MOTIVATES me to do more for real!!
Yesterday we were inside a rising wedge but we Also were forming a pennant at the top of the wedge which was a sign of continuation to the upside.
we exited the wedge and we went to ~24900 (Touching the top of our rising broadening wedge). there is a resistant ~25214 which it jebaited it and not reached it YET , we could legup and liquidate all the high leverage shorters or crash back down
we could also go higher and touch ~28K then start forming a new range between 28k and 25k which is less likely to happen.
More liquidity to the downside than upside and that is the reason why we go up with less volueme than we go down.
Thanks for watching!
#Bitcoin - thoughts out loud #9Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets .
At this stage of the situation, we see this algorithm being clearly worked out. When an asset shows a strong movement without corrections.
The current situation only suggests that we need to wait for a possible corrective movement or flat movement.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
Entry point
#Btc
#Bitcoin - thoughts out loud #7Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
Why long?
As we discussed in the previous opinion, we saw how the price followed the stop loss.
At this stage of the situation, professional operators need to lock in profits and buy the asset at more favorable prices to continue moving up. Due to the stop losses, retail traders fill buy orders and it is possible to re-enter the position for further upward movement, because we need fuel to move further. But there is one thing: if there is not enough demand in this range and professional operators are not interested in continuing to move up, we will most likely see a depreciation of the asset.
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
Evening trading at profit taking.Market participants take profits and close positions due to stop orders from weak market participants.
Warning, you need to be prepared for a false breakout of local highs.
If you have any questions, leave them in the comments and I will be happy to answer them.
Good luck to everyone and enjoy the trend!
#Bitcoin - thoughts out loud #8Good afternoon, dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
After yesterday's impulsive movement, I expect the price of the asset to rise further. Yesterday, we witnessed professional operators testing the strength of the buyer, which was followed by an impulse movement. Today, the area of interest is 21600 - 21700 for further upward movement. But this is not the final price, it may fall even lower, because everything I write here is my subjective opinion, as the market will settle everything by itself, because the market is always right.
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 just hit a massive BUY signal to $23,643Cup and Handle has formed on Bitcoin.
We have finally had the break above the brim level.
Now that the buyers and demand are streaming in we can expect upside.
7>21 Price >200 - Bullish
RSI>70
Target 23,643
FUNDAMENTALS
There seems to be a strong correlation for when the Global markets rally, Bitcoin tend to follow. I don't know if it's because they are so tied up in central businesses and with the government, but I can make some assumptions why:
Increased Investor Confidence
When global markets are performing well, investors tend to have more confidence in the economy and, in turn, more confidence in investing in various assets, including Bitcoin.
This can lead to an increase in demand for Bitcoin, which can drive its price up.
Increased Institutional Investment
We also tend to see institutional investors becoming more interested in alternative investments like Bitcoin.
Strengthening of the US Dollar
When global markets perform well, investors may move their money into the US dollar, which can drive up its value.
As Bitcoin is often traded against the US dollar, a strengthening dollar can lead to an increase in the price of Bitcoin.
Similar to the gold standard, there is some effect with the Bitcoin US dollar standard.
Better Economic Activity
When global markets go up, it tells us that there is strong economic activtity which is picking up GDP and consumer and producer spending.
This extra money that investors have will then go to investments like Bitcoin, which will help with the increase in demand and price.
Trusting the big boys
Last year was a confidence destroyer with crypto currencies. We had companies failing, becoming bankrupt and price heading to zero. People lost billions of dollars and now they have no idea who to trust...
When it doubt, buy Bitcoin I guess.
When there's trouble in the crypto market who are you gonna call?