Bitcoinshort
BTCEUR 'D' - One Level of Support left Before 30% Cliff EdgeHey guys - There's a few things going on here:
We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far.
This combined with several layers of resistance above and only one (albeit quite strong) level of support on the underside could mean the potential for a further fall in Bitcoin price.
Seems unlikely, or at least unwanted - but the reality is if this level of support gets broken, there's not to stop the price free-falling 30% or more to around the $10,000 mark. Let's all keep watch on this one!
What do you guys think?
Selling BTC Into current swing highs.Bitcoin - 24h expiry - We look to Sell at 16849 (stop at 17051)
Daily signals are bearish.
20 1day EMA is at 16788.
Trading volume is increasing.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
16900 continues to hold back the bulls.
Our profit targets will be 16343 and 16243
Resistance: 16600 / 16750 / 16850
Support: 16500 / 16420 / 16300
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Mid term falling down continues
According to what it is shown in BTCUSDT chart, we see double top pattern which its maximum classical bottom is around 10K and fibonacci level 38.2% around 10K, also and finally a very strong support and demand block around 10K.
So we should see continues falling down to 10K for next 4 to 6 months at least!!!
Bitcoin in search of liquidity makes pullback movement.BINANCE:BTCUSDT
BINANCE:BTCPERP
BTC has broken out of the symmetrical triangle to the downside.
After BTC tests the low, it should pullback
In my reading, the clearest pullback is between the most liquid zone plotted above with the orange box, but with a zig-zag above this region the asset should test the major resistance of the last consolidation.
We currently have resistance like the EMA 21 and the $16400 range, above this resistance region it is very likely that we will have a generous amount of BTC supply.
If buyers are really willing to defend this price trough zone, we should see that behavior here, which I believe is less likely.
🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
🔹 Would you like to ask any questions, take that doubt? Feel free, I'll be happy to help.
Bitcoin Rejecting at Resistance! Will it Crash?The 4h chart for BTC is still playing out perfectly. You can see it rejected on the 200 EMA (pink line) and recently rejected at the horizontal resistance of $17,167.
I'm expecting Bitcoin to at LEAST retest the bottom of our upwards channel at $17,000 and possibly falling to $16,736 (with a dip lower to form a bullish divergence) then bounce to retest the $17,167 resistance.
If Bitcoin breaks above the 200 EMA, I'm FULLY expecting us to test the next MAJOR resistance of $17,640.
If you enjoyed my TA or have any questions on the indicators used, please leave a comment below or send me a PM :)
How much trading volume exists in the crypto market? The trading volume of a coin or token is used to measure the activity of the asset over some time, usually over one trading day.
Generally, Trading volumes are correlated with crypto prices. When the prices for crypto assets are rising, especially at the abnormal rate that they have demonstrated in the past, their presence in the media also rises, and traders flock to the market in response. A higher trading volume implies more liquidity, better order execution, and a more active market for connecting buyers and sellers. Conversely, when the trading volume is low, it can signify a lack of market interest, and consequently, liquidity and other trading conditions can suffer.
Trading volume across exchanges
At the time of writing this, the entire trading volume of cryptocurrency across all exchanges for the day is approximately $120 billion.
The trading volume of cryptocurrencies varies across different exchanges. Several factors are responsible for this disparity, such as the number of users on each exchange and the trading proclivity of these users. The largest exchange, Binance, had a total crypto trading volume of about $35 billion, representing a whopping 25% of the entire trading volume of the market. Smaller exchanges are responsible for the rest of the volume, including OKX (~5%), BingX (~5%), Coinbase (~1%), among others.
Factors that may impact the volume of trade on a particular exchange include trustworthiness of the exchange and the available number of coins on the exchange.
The volume of derivatives trading of cryptocurrency
A Derivative is a contract whose value is determined by an underlying asset. In crypto, a common derivative is CFDs. The trader does not own or hold the underlying asset in derivative trades, which means that getting in and out of trades can be simpler because no cryptocurrency needs to change custodianship.
Presently, the crypto derivatives market is about 69% of the total trading volume of cryptocurrency, while spot trading has been declining due to the current dip in the crypto market.
Strong Sell Opportunity in 4 Hours Chart for BitcoinSince the 200 SMA is respected and the trendline I drew is broken, I take a loss from my position in my recent idea (see the link to related ideas). I lose a little compared to what I will gain this day.
This is very bearish and we might get a big dump later this day.
The DMI indicates that:
1. -DI is going above 30 level and it is above the ADX and +DI so this is very bearish.
2. As long as the -DI is above the ADX, I will hold my short position.
SELL #BTCUSDT NOW HONNESTLY!!BINANCE:BTCUSDT
Firstly, to understand this sell idea I want you to go check all my previous ideas of BITCOIN I've never failed and cheers to those who agreed and tombs up on my post ,i appreciate you all.
now this is a follow up on my previous recent bitcoin post in these ideas we are only taking sell if it breaks the confirmation line
reason, i do not expect bitcoin to go more further up after it already sweep out previous high liquidity.
if we see a high direction, it's a trap to bring in more buyer to get them liquidated',
i do not have a target but im expecting bitcoin to go lower than ever before. at least take out all weekly lows.
kindly let me know your thoughts in the comment session.
Bye cheers to everyone.
A big shadow collected liquidity + volume passed. Goal - $16700After a rapid increase, the price went to the sideways. A big shadow collected liquidity from above + volume passed. Nailed the inclined level and fixed lower. We have come to the POC level and are working on it. I expect a breakdown of the level and a movement lower. First goal - 16700$
BTC Under Pressure as Industry CracksHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Today, a little bit more of a fundamental analysis than a technical analysis (apart from the line break candlestick analysis, which speaks for itself).
Millions of retail investors and speculators have lost their savings in the resounding bankruptcies of crypto firms. Bitcoin faces heavy bearish pressure from sellers as the cryptocurrency industry continues to unravel at the seams. Even the SEC case against Ripple is back in the headlines again. Still, BTC continues to hold above the two-year support zone at $15,500 which it touch during the recent panic selling amid the collapse of crypto exchange FTX.
In total, there have been 7 major bankruptcies since May. In all of them, customers and investors are unsure whether they'll get their money back. It all started May 9 when sister cryptocurrencies Luna and UST, or TerraUSD suddenly crashed, wiping out at least $55 billion . Luna, which was hyped by crypto evangelists, lost all current and future potential value. The rout caused a credit crunch that ended up taking out the hedge fund Three Arrows Capital, or 3AC, to which many crypto firms had entrusted their clients' money to invest. The impact on the industry was huge: Eminent crypto lenders like Celsius Network and Voyager had to file for bankruptcy due to their exposure to Luna and UST through 3AC. BlockFi, which was also affected, had to be bailed out by the FTX cryptocurrency exchange and its founder, Sam Bankman-Fried. Just over three months later, FTX and Alameda Research filed for bankruptcy. BlockFi has done the same, and there's no doubt that more crypto firms will shortly follow, since is it a tightly interconnected space.
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Nonetheless, it's important to note that the underlying technology of cryptocurrencies, blockchain, can still be of benefit outside the cryptocurrency market. If anything, blockchain could come out of the crypto winter even stronger. In an uncertain market, it's good to have some flexibility. That means having the ability to change positions in the market when conditions deem it necessary and not hold on to losing positions unless you're accumulating and playing long term.
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CryptoCheck
BITCOIN (BTCUSD): Selling On RetracementBITCOIN (BTCUSD) – Cash: Selling On Retracement via Blind Entry Or After Price Action Signal Around $18154 Support Level
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price has been forming a Multiple Inside Bar Pattern, with a wide Mother Bar, since Friday, Nov 11th (We are not considering trading this pattern).
Price moved significantly lower from the Small Bearish Tailed Bar Signal that had formed just under the $21491 – $22808 key resistance area (Event Area), on Saturday, Nov 5th (We did not consider trading this signal, nor did we mention it at the time it formed).
Potential Trade Idea: We are considering selling on a retracement higher via blind entry or after a price action sell signal, at or around the $18154 – $18663 short-term resistance area.
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.