Bitcointrading
BTC Bitcoin: Important Support and Resistance LinesHello friends, today I am posting the important Support and Resistance trend lines for Bitcoin (BTC). These are the lines that I keep a close eye on and though there may be more, these are the important ones I focus on. One thing to keep an eye on with Support and Resistance lines is how many times in the past has the price came into that area.
The chart has no other indicators or oscillators shown to keep it simple. I hope you can use this for your charting!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin Eye Cand-yPulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from.
Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low.
If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings.
Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level.
As it's technically still in play as many other have had that assumption too, though I have my suspicions.
Keep your wits about you, and check the weather, CryptoWhether.
Bitcoin Analysis21.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC Price Analysis LONNNGGGG!!Hello and good day to you! Hope all of your trading days are going great!
So here's BTC In a LONG situation.
BTC Needs to hold the 19600-20120 LVL no as support in order to continue on to the upside.
Our next target lvls to watch out for are going to be the 21159-21582 LVLs If broken we could see a test at the 23113 LVL
Then our next MAJOR LVL to look out for will be around the 24300 -25050 LVLs Which have a HUGE line of support..
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
BTC ANALYZEUntil now, there are no signs of a rise in Bitcoin or the beginning of a strong rise, perhaps we are only in a corrective state
The price is now testing the block order located in the golden zone 0.5-0.61, as we notice that the wike is in today's candle, all of this enhances the possibility of the price rebounding from this area.
We can talk about bullish signs in case the selling top is breached, which broke the last bottom shown in pink.
BTC Bitcoin Fibonacci Retracement Price TargetAfter the Santa Claus rally was better then expected:
Now we need to notice that the RSI is extremely extended at 91.77.
Fibonacci Retracement gives us two possible Price Targets for the retracement:
$18945 and $18380.
Looking forward to read your opinion about it.
Bitcoin 2018 Bear Market v 2022 Bear MarketThere is a striking similarity between the 2018 and 2022 bear markets in Bitcoin as illustrated on this chart. This is the same thing I have been discussing for months now on Twitter and YouTube while so many other large influencer accounts were screaming that it HAD to go below $12K. While there is no guarantee that the low is in yet (there are no guarantees in trading except that you WILL lose money at times), there are a number of signals that it very well may be. This is just one of them.
Break out impulsively above the weekly pivot and there should be no looking back.
Bitcoin Analysis 14.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC Bitcoin Santa Claus RallyBTC Bitcoin tends to follow the stock market in price movement.
U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for BTC Bitcoin is $17340.
Looking forward to read your opinion about it.
Bitcoin - Short Term ReviewToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).
Bitcoin price has been heading higher but it may meet resistance very soon as shown in the chart. Volume is low and RSI is headed towards resistance.
I have been calling drops on BTC since November and December of 2021. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
Bitcoin: Bullish divergence on weekly rsiBitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel.
The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways:
1: making a lower low on the price, while making an higher high on the rsi
2: makinga a double bottom on the price, while making an higher high on the rsi
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All contents published here are my ideas / opinions and for reference purposes. Use these contents at your own risk.
I will try to use a single article to aggregate my analysis and monitor price movements.
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First of all, I noticed that there are 07 price areas that I am paying attention to and there is a high probability that the market will react in these areas.
Please note: These areas are not fixed and will constantly change over time.
📍 Range: 6300 - 7650
📍 Range: 9000 - 10300
📍 Range: 16150 - 17400 ( ⚓ The trading price is in this range )
📍 Range: 18800 - 20700
📍 Range: 22700 - 24000
📍 Range: 29200 - 30600
📍 Range: 38350 - 39650
As of the time of this analysis, BTC is trading between 16150 - 17400 about 4.5% below its most recent low around 17590 on June 18 and is still holding up.
🔼 Positive opinion:
BTC will continue to fall to 15500 before rising to 18800 - 20700 or better straight to 22700 - 24000.
🔽 Negative opinion:
BTC will continue to rise to 18800 - 20700 and then continue to drop to 9000 - 10300 ( equivalent to 50% of value ) or drop directly to 9000 - 10300 ( equivalent to 40% of value ).
📊 I will continue to update in the update section below. ⬇️
Anticipating A Bitcoin Position-TradeFellow Market Traders & Investors,
From what I understand, the market is geometrically predictable. It will form patterns to induce buyers/sellers to enter the market and purposefully creates entry triggers for liquidity to generate at market highs or lows. Once the order flow is built, it sharply moves, as supply and demand reflect price. This is why Support & Resistance are foundational to all forms of technical analysis. There is more beyond just drawings and historical data. The economic and geopolitical impacts are a leading factor that influences large institutions to consider equity re-allocation.
The 1.7 Trillion Omnibus Spending Bill will create uncertain tensions between the Fed and our faltering Dollar. As the money printers
kick into high gear, so too will the market. There will be a flush, a crash, before the market administers the insiders play. The insiders #1 goal is to remain at a net long and net short profitable hedge, as they exit shorts for massive profits, tricking the average investor to trap themselves at market lows; all the while, they are buying. While the SEC, and the FED aren't on the same page; the Senate is obviously out of touch with monetary policy and its repercussions.
Overall, I believe these fundamental factors may materialize in the charts. Watch for the bulls patiently, they are waiting for the right catalyst to join in. oh, and guess what? The large institutions balance sheets have increased because of the profitable down pour. Consequently, as they flip net positions, we will see bullish rally's and eventually the market will turn. Wait for the catalyist and rely on your strategy.
P.S.
Look at the Quarterly Chart Time-Frame! There is a 3 month Order Block/ Sponsor Candle. Anticipate...
Bitcoin Analysis 24.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis: