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Bitcoinpricetrendanalysis

#Bitcoin - thoughts out loud #18!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good evening, we are from Ukraine ! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this asset. After the false breakout and liquidity withdrawal, I would like to draw special attention to the increased volumes and the price's rapid return to trading margin. At the moment, this is not enough, there is no confirmation. At this stage of the situation, we can partially open a position (5-10%). Then monitor the situation and add the rest of the volume if the buyer's test is successful and there is activity from professional operators, i.e., the asset needs a force to move the price to the next liquidity (price range 23300 - 24300 ). The mood is long, that's the only way. If the current situation does not meet the current criteria, I expect the asset to depreciate to 19000 . Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
BTCUSDT - Working review and fix position!From my basic overview of BTCUSDT, each price level is worked out. As you know friends that my long position was fully closed at the price of 30800 My main selling volume worked. Everything else is shown on the trading chart. I decide to partially close the position (namely, 40% of the position volume at this level), I moved the stop loss to the entry and expect a further fall in the range of 27000-26000) as this will be an optimal correction of 10-15%. I described everything else in my trading reviews below, and accompanied this position from beginning to end. To learn more about my actions, read the description of my account BTCUSDT - Long, considered only after breaking on LFT BTCUSDT - Important level BTCUSDT - will there be a breakdown of the 30000 level? BTCUSDT - The long position scenario is completed 30000$ DONE
by JaegerB
BITCOIN Massive Move!BYBIT:BTCUSDT.P BTC has been consolidating for almost 3 weeks in a possible ascending triangle. On the breakdown of the ascending triangle look for Long entries at the 25200 zone as a textbook pullback. Many buyers will be lurking here, but wait for the confirmation of buyers stepping in via a bullish trigger - hammer candlestick or engulfing or combination. On breakout of ascending triangle one could possibly look to go long with upside targets marked to $38k zone. Set your alerts and don't predict but be prepared for the move once Bitcoin shows it's hand. 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 Pattern Continues To Playout! Strong Bearish Signs Are There*Disclaimer - Not Financial Advice* Bitcoin Has been consolidating below a huge HORIZONTAL resistant for a while now And The pattern that we have been talking for the past 3 videos playing out On top of that there are Quadruple Bearish Divergence on RSI and Bear Flag and couple of more SELL signals that I mentioned in the video Lots of STRONG Sell Signals so I would say 25K first before 30K(if it wants to happen) I strongly recommend to watch this untill the end Please Consider supporting the channel by boosting , sharing , Commentng - warms my heart-
Short
by pcmonk
Bitcoin: Analysis and Predictions for Potential Corrections and Bitcoin, the largest cryptocurrency by market value, has once again surged past the $28,000 level amid collective gains in the wider cryptocurrency market, which has approached the $1.2 trillion mark in terms of market capitalization. Over the last 24 hours, Bitcoin has risen by about 5.6% to nearly $28,350. The current market sentiment is neutral to bearish, with the BTC price currently trading within a narrow range, with support around $27,000 and resistance around $28,600. Relative strength indicator (RSI) levels also show a bearish divergence, indicating weak buying pressure. The simple moving averages of 200 days and 200 weeks act as strong support levels for BTC. The monthly RSI is trending upwards, indicating a potential long-term rise. However, current market conditions suggest that Bitcoin may experience a bearish correction before any major rise. Regarding future scenarios, if BTC manages to break through the resistance level of $28,600, it is likely to move towards the range of $29,000 to $32,000. On the other hand, if BTC breaks below the support level of $27,000, it is likely to drop towards $26,000 or even lower.
B
by bbitar
Bitcoin, rallies into major resistance! Continuation or..?Bitcoin is pricing in a premium array and it's trending into major resistance, and I would like to see the price be valued down to 25.5k and take some strong bids before it's gonna continue and value at its higher prices. I am a short seller because the price which is going to this resistance is really ineffective and very weak. Confirmation with weekly PoC and with U.S. Dollar on major support. We'll see how it's gonna uphold, but for me, it gives me a nice risk-reward on higher time frame.
BINANCE:BTCUSD.PShort
by market_observation
1
BTC short term (1h candle)We recently broke down from our small ascending triangle (blue lines) and hit the target shortoy after perfectly! (White dotted lines and yellow horizontal) We then quickly bounced upward to retest the bottom of the triangle, which looked like rejection! Currently looking at other possible plays. Mainly a upward parallel channel (green lines). As you can see we are reacting nicely to the centre line nicely using it as both support and resistance. Will keep you updated
COINBASE:BTCUSD
by Connix
BTC/USD - Analysis of recent events and a Double TopQuick BTC/USD analysis of the last few Months: Looking at the Price and the Relative Strength Index (RSI) Convergence/Divergence: From Tuesday 13th Sept 22 until Saturday 5th Nov 2022 we had Convergence with the Price and RSI which indicated a reversal was most likely on its way. Price = HH - LH (Higher High - Lower High) RSI = HH - HH (Higher High - Higher High) Next from Wednesday 9th Nov 2022 to Monday 21st Nov 2022 we had Convergence with the Price and the RSI which then lead to a reversal breakout. Price = LL - LL (Lower Low - Lower Low) RSI = LL - HL (Lower Low - Higher Low) Next from Sunday 29th Jan until Tuesday 21st Feb 2023 we had Divergence with the Price and the RSI leading to the bearish reversal drop that we are still in today. I suppose you could start this Divergence sooner if you wanted, but i have started it on the 21st Feb 2023. Price = HH - HH (Higher High - Higher High) RSI = HH - LH (Higher High - Lower High) Here is a closer look at the 1 day chart. Here is a closer look at the RSI Indicator. For those who are new and do not know, please note that Divergence/Convergence with the Price and RSI is indicted by the Straight Yellow Lines on the Chart and RSI Indicator. A few other bits. BTC has also created a Double Top Pattern as indicated by the 2 circles on the chart with arrows. The 1st Top was at Monday 15th Aug 2022 and 2nd Top was at Tuesday 16th Feb 2023. Note that BTC tried to get above this support level 3x and failed all attempts at closing above this resistance line. BTC is still in an Ascending Channel Pattern, while it did break out of its Upper Resistance Trend-line, it did not CLOSE ABOVE it, so this Upper Resistance Trend-line is still valid. Using the Lower Trend-line of the Ascending Channel and the Double Top Resistance line, we can also say that BTC may also be in an Ascending Triangle Pattern. At the moment of typing this, BTC is still below its 50MA (Yellow Line) and has found some support from its 200MA (Red Line). Looking at just the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) of the Ichimoku Cloud, we can see that BTC is in the Equilibrium Zone Inside the Cloud. Note that a successful daily candle CLOSE BELOW the 200MA will also bring BTC under its Leading Span B (Senkou Span B) support level into the Bearish Zone of the Ichimoku Cloud. Please note that i am not using the traditional 9,26,52,26 settings for this cloud. Looking at the Bollinger Bands, we can see that we have had massive expansion of the Upper and Lower Bands for the negative side, BTC is still way below its Middle Band Basis 20 Period SMA and note that the Middle Band is still Pointing Downwards. Note that BTC is still walking on the underside of its Lower Band. My thoughts: While Silvergate Bank’s liquidation may have contributed to the drop we are still in, looking at this chart, we can clearly see that the Price and the RSI were already giving the warning signs back in February especially with the Double Top and Price/RSI Divergence. We will now have to see if the 200MA holds as Support, if it doesn’t then next is the Lower Trend-line of the Ascending Channel Pattern. During these recession, it is iInteresting times ahead for BTC and the whole Crypto market. In any case, i hope this post has been informative and has helped those who are new to charting and using Price/Oscillator Convergence & Divergence to help predict possible price movement.
BITSTAMP:BTCUSD
by entertheroach
#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