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Bitcoinshortterm

Building resistance in 58K level, possible SHORT lays aheadHi fellow traders, Bitcoin DERIBIT:BTCUSD.P is declining a bit and making a nice downwards structure on the 1H frame. What we can see is building resistance on the 58K level. We can see that the short-term foresight shows a possible resistance in the form of a trend-line rejection. Additionally, a possible rejection from the exponential moving average (50 period) lies in the same area of interest. That building tension gives us a SHORT possibility whenever rejection is confirmed on a lower timeframe, looking forward to that sweet price-action :) Happy Trading ^^
Short
by Crypto21Official
BITCOIN Close timeframe analyses - 18/01/24Hello guys, today Im back with close up on, What do I expect from BTC, prior coming close to FED meeting Jan31'. I will try make it clean and simple, since thats How I prefere to handle trades. On chart I marked Liquidity boxes for each Buyside and Sellside, those are my main targets in IF scenario. -- IF scenario is --> IF price come HERE, I do THIS! -- So right now I believe that we swept Highs of our Buyside liquidity and close to end of month we will be working on Sellside (marked Lq t1-t3). But, it doesnt mean that we have to move right now, there is still potentional, that in next few days (1-4) we will move to Optimal Trade Entry t1-t2. Which are 3% resp. 7%.. Which is far away, if you decide to open Short position at this moment. Which, is far from Optimal open in my opinion. So, what would I do, in case I didnt have Open position? ________________________________________________ For me,the Best option right now would be to Wait until Today Market news happen, and then react to what price do, with a plan... IF I would have to do something now, I would open Short position, with SUPER thin STOP LOSS range at 1,25% from Price in which are we right now, that would be Close above Yesterday Highs around 43225.99$.. If I goes above, trade is abadoned and I sit on hands waiting till price reach Buyside t1-t2 to Open new Short trade there at right time. WHY I think there is Highier chance of going Lower then highier NEXT Close to meeting is , When I ZOOM OUT, to check Price from Highier Timeframe Perspective (edit. picture working only after DOUBLE-click openning) There is Clearly to see that after EVERY move Highier there was Retracment to prior price levels With TIME close to FED events. In last few Months BTC rallied without really going throuth this process of "backtesting" price, and since we coming to "uncertainity event", I would expect that we may "get it done right now". And just after that, IF there is NO CHANGE in FED policy market Can keep going back to Highs. Note, I expect we reach at least Sellside t1, potentionally close to t2... Reaching t3 would be considered as "extreme" in this short time. And potentionally GREAT reverse AREA. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BTCUSD Bitcoin: The short-term answers to the test ;) 20.4 A wall of text would do you guys and gals no good.. so let's jump to business! 1) Higher lows on short-term and longer-term time-frames. 2) Big triangle consolidation on 4H chart marked with arrows on highs and lows. 3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break above this rate would allow significant upside to the high 40k's and low 50k's which will be covered once relevant. 4) Critical support levels stand at: 40,000 and 38,500 - A drop below would allow 35,000 weekly support to be tested. **The rockets represent: -Green one is a break above 43,300 which would allow immediate rally -Red one is a break below 38,500 which would allow immediate flash crash to 35,000. **Fundamentals are strong for Bitcoin as inflation continues to surge, Russia is now implementing cryptocurrency is an official form of payment, Biden is looking to regulate crypto-currency, etc,etc.. ------------------------------------------------------------------------------------------------ If you liked my analysis, please follow and like :D I would truly greatly appreciate it. If you have any questions, please ask me and I promise to answer in detail if necessary. My target is to benefit as many traders as possible. Thank you!! -------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
BTC/USD: Looking Bearish (short term)Overview: As many others might suggest, BTC's bull run and dominance has seemingly come to an end . Personally, I believe this was long over due. Its technology as a whole is fast, secure, and reliable; but when considering BTC relative to the thousands of other cryptocurrencies it is superior in popularity but not much else . Elon Musk recently commented on BTC's energy inefficiencies, as it is very costly to mine, and the negative effects it has on the environment. While he is a public figure, do not be so foolish as to think he is the one who is responsible for BTC's retracement... BTC has grown exponentially over the past year alone. It deserves a consolidation period and time for reconsidering its energy consumption. Elon is only pointing out what most of the experienced crypto traders already knew. Comparative Analysis: BTC's Dominance (shown in orange) you can see has peaked at the beginning of 2021, with a high of ~70%, and has gradually been tapering off to almost 40%, as of today. The Total Crypto Market Cap (shown in purple) has closely correlated with BTC's run. This was true until May 4th (highlighted in yellow) when BTC's dominance moved less than 50% and we see this correlation die off. Technical and Fundamental Analysis: Technical: BTC is started to look bearish on a decreasing monthly volume, reaching its March lows. BTC is starting to look bearish as it retests March lows. Could see lower lows if it fails to rebound on the retest. If we see a spike in volume without it rebounding back towards VWAP, BTC may be especially bearish short term. Looking at the Volume Profile (VP) the price level with highest volume is shown at ~$18,500 and this is where BTC might be headed Fundamental: Just looking at the energy efficiency of BTC, things look quite bearish. However, BTC adoption among investors, banks, the general public, and merchants is increasing rapidly. This is good news as BTC should start to stabilize and become less volatile. With the largest crypto market cap, ~$1 trillion, it likely wont see much growth in BTC until ETH, DeFi, and the other sectors within crypto catch up. Trading Discussion (NOT financial advice): Watch for lower lows and monthly volumes. If BTC gaps down in the coming weeks it may be wise to hold until it flushes back upwards and sell afterwards. There are many opportunities for growth even if BTC is bullish. For BTC lovers & HODLers continue holding as you please but do some research and see what developers are working on. If devs are working towards switching BTC from PoW to PoS or some other energy efficient protocol for validating the blockchain then see what that timeline looks like. If BTC does migrate to PoS then decide a good entry point right before the protocol is scheduled to migrate and you might find yourself in a great position for another bull run in the future. Chart Description: Symbol: BTCUSD Index (Bitcoin price in USD index) Comparing Symbols: CRYPTOCAP BTC.D (Bitcoin's % Dominance in Total Crypto Market Cap) CRYPTOCAP TOTAL (The total market cap of all cryptocurrencies) Indicators: Log scale Volume w/ 30d MA VWAP (anchored on the monthly) Volume Profile (180d)
INDEX:BTCUSDShort
by BowTiedJoe
BTC: say it ain't so... but is a major consolidation at play? This is what I see on the BTC daily chart. We lost a trend line that we have been following since January. That line is likely to become new resistance. If so, we might roll-over and retest $42K which acted as strong resistance in January, en route to $60K, and also accept as support in late February. So, it's an important area of price action. As it's not uncommon for assets to retest breakout zones that represented former ATHs, we have to be prepared for this possible outcome. Personally, I hope it doesn't happen as these kinds of consolidations are a major buzz kill. :-) But, it would also provide us all with a great opportunity to go long in anticipation of the final parabolic phases of this bull market. May the Force be with you :-)
COINBASE:BTCUSD
by LTSInvestor
BTC-4h. We expect the culmination of a local fall.Hello! The local picture shows the passivity of buyers. The global trend line test should activate them to update the historical high with a minimum target of $20,500. So far, sellers are too easy to put pressure on the price and their dominance is not felt. __ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
BITFINEX:BTCUSD
by P_S_trade
5
BTC - Test down to 8100?Bitcoin is currently in a downward parallel channel and has just been rejected by not only the top resistance line, but the 4H 21EMA and also the 12H 21EMA as well. - The 4H stochs are looking weak and are curling downward. Similarly, the MACD is bearish and is pointing down with increasing negative momentum. - The 12H created a bearish hammer candle and is also looking to test further down to around the $8100 (200EMA). This area is confluent with the red dotted line marking the middle of the channel. This will likely be an area that will bounce due to support lines and moving averages all lining up in that area. I currently am not shorting BTC, unless given a clear signal to. Right now I am just adding to my positions as much as I can before the halving run comes...
COINBASE:BTCUSD
by olleyy
Will Bitcoin test 9K again?Hello crypto friends, This is a short term idea. Bitcoin's price action gives us scalping possibilities for the next 1-2 days. As you can see bottom line of triangle was tested and rejected. Also the price zone of 9400 is a limit order seller's area with a high volume: Price was rejected exactly in the area of big limit order seller I'm expecting Bitcoin to test support at 9K again. What are your thoughts? What will happen next the price will tell. This idea is not a financial advise, but you probably know that already ;)
BITSTAMP:BTCUSDShort
by V0ld3mar
Forming a Cypher Pattern: Possible scenario for BTCHey guys! I was trying to figure out the next move for BTC and I found out that price movement looks very much like it is building a cypher pattern. The entry level of the pattern would also match up almost exactly with .786 Fibonacci level of the entire correction movement. That´s always a good thing :) Anyways, this whole idea looks promising but could be worthless within a few minutes if BTC should drop lower or overshoot. Therefore, please do me and yourself a favour and take it with a grain a salt. This is no trading advice but only a possible scenario I´ve just spotted. Stay safe and have a great day
BITSTAMP:BTCUSD
by Tylax-Finances