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Bitcointrading

BTC Bitcoin: No Hopium DiscussionHello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period when the Bull Run started. 2) Recently, the price formed an All Time High and has been correcting since that point. This has also created a Double Top Pattern (bearish) as well. 3) In the chart are two support trendlines as well as two support areas where the price will hopefully bounce. If BOTH support areas are lost, the price has the potential to get back down to the sub-$30K levels. This would also show a breakdown from the rising wedge pattern, with possibility to take a steep fall to sub $5K levels. 4) There is a multi-month Bearish Divergence as well with the Price showing HIGHER HIGH and RSI (relative strength index) showing LOWER HIGH. 5) The two support areas are key for Bitcoin to rebound and make a new All Time High and hopefully break the wedge pattern upwards. 6) The analysis may show BEARISH signs, but you need to consider many other factors including traditional markets (SPY, and others), commodity prices (Gold, Silver, and others), interest rates and inflation, Bitcoin Dominance, Crypto Market Caps, and much more. 7) Everyone wants to see higher prices, but being realistic is key when trading and investing. What are your opinions on this? 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
COINBASE:BTCUSD
by MillionaireEconomics
7
What is happening to Bitcoin and Crypto?!! Wow.... I think that yesterday is a day that no one was expecting and was ready for! As we are seeing Bitcoin making newer lows due to the bad environment we cannot tell what is about to happen next. But we have some data to look at. We are seeing that BTC wallets with 10k BTC are making a new ATH and they are not getting liquidated. Most of the people are interested in opening a low the moment BTC hits a newer low resulting in a strong bounce back up. The DXY is on the edge of falling down just like the Yields. Tomorrow the CPI numbers will get released so expect even more volatility in de markets. Trade safe and don't let emotions take over your trading decisions.
by Mynameisnotrelevant
Bitcoin Chart Review For Bottom SupportToday you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). A very simple chart showing where the next support region is in case Bitcoin begins a free fall. The $13.5K-$14K region has strong prior support as shown in the chart. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
BTC Bitcoin: Short Term Rebound TargetToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self explanatory. I circled a few target areas based on dead cat bounces after the recent drop in BTC price. To support the analysis, I have included the VPVR, Keltner Channel, Ichimoku Cloud, Fibonacci Retracement and RSI. I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. 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
BITFINEX:BTCUSD
by MillionaireEconomics
6
October closing price $20,498 - could be a Buy signal for Nov it is quite obvious what bitcoin is about to do here. Bitcoin is about to pump our bags. you dont have to short this. dont get me wrong. nothing in the crypto market is for sure. . . June - short (-76%) July - Long ( +28%) Aug - short ( - 21% ) sep - short ( - 18% ) oct - Long ( +13% ) Nov - Long ( +? ) Dec Do I really need to go into detail here? i think the bears in this quarter of the year got nothing to dump. anymore the entire market in the past month has been on a selling spree, i would speculate based of TA that bitcoin would hit the levels respectively Level 1 - $ 23,288 Level 2 - $ 31, 861 tell me what do you think
BITMEX:BTCUSD.PLong
by valiktrade
Bitcoin Pump Over? - BTC/USDT 🔮Bitcoin (and crypto) seems to be losing some of the weekend / last week steam. Looking at the 1H and 4H charts on BTC/USDT. On the left we see signs of a bull flag, however overall sentiment and psych is driving our thoughts on this "potential" move down to 20,000. On the right, AlgoBuddy showing some confirmation for this move by printing a sell signal on the 4H. We'll be eyeing up 20K as a key level regardless. What do you think? Do we breakthrough higher or free fall in the coming days/weeks? -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
Bitcoin local support and resistance and next TPsHi hope everyone doing fine. based on my previous analysis the price reached the first Target , i expect some healthy correction to 22k-21800 because some traders will going to save profit which increase selling pressure , in another hand many sort position with high leverages got liquidate which is good sign of upward pressure . now price is on important level which can breaks the MA200 (1D) and if it happen and remain for the one more daily candle ,bulls will take the full control. also RSI is near to level 70 which is good sign for upward movement. happy trading
COINBASE:BTCUSDLong
by Wildcat_signals
Bitcoin BTC: 1M Chart Review Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the price will reach $25K. If price moves below $18.2K, there is a strong chance the price will head much lower ($14K-$10K range). 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
BITSTAMP:BTCUSD
by MillionaireEconomics
4
BTC Daily TA Cautiously BearishBTCUSD daily guidance is cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *Cryptos are up after briefly dipping during Fed Chair Powell's press conference speech yesterday. DXY and US Treasuries are up on the Fed announcement that they still have a "ways to go" in raising the funds rate to sufficiently restrictive levels. This positive correlation is likely to continue to put more downward pressure on Cryptos and Equities. Agriculture is mixed. Equities, Equity Futures, Metals, Energy, CNYUSD, JPYUSD, GBPUSD, EURUSD and VIX are down. The third GDPNow US Q4 GDP estimate is 3.6%, up from 2.6% on 11/01 . This estimate is almost solely based off of September M3 Manufacturing (Shipments, Inventories and Orders) with New Orders coming in higher than in August, which signals a still strong US consumer. What the estimate ignores is ISM Nonmanufacturing PMI missing expectations (hinting at slower growth in the service sector which comprises 70% of US economy) and the widening trade deficit (more imports than exports) in the International Trade Report . Today Japan issued evacuation warnings in certain regions (again) when North Korea allegedly fired an ICBM along with several short range ballistic missiles into the Sea of Japan as part of their "military drills" before their planned 7th nuclear missile test. In early October 2022 NK tested more ballistic missiles in the Sea of Japan, this prompted the US to call an emergency UN Security Council meeting where they accused China and Russia of protecting NK from international sanctions . Key Upcoming Dates: October Employment Situation at 830am (EST) 11/04 ; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently trending down at ~$20200 as it attempts to defend $20k psychological support to avoid retesting the 50MA as support at $19417 support. Volume is currently High (low) and on track to favor buyers if it can close today's session in the green, if this happens it would break a four day streak of seller dominance. Price continues to hover around the VP Point of Control at $20300 for the eighth consecutive session, a clear sign of consolidation before a breakout or breakdown. Parabolic SAR flips bearish at $19323, this margin is mildly bearish at the moment. RSI is currently trending up at 54.26 after bouncing off of 52.5, the next resistance is at 57.34. Stochastic remains bearish and is currently testing 55.55 support. MACD remains bullish but is trending down at 258 as it approaches a test of the weak uptrend line from May 2021 at ~210 as support, if it breaks below this level it would be a bearish crossover. ADX is currently trending down slightly at 17 as Price continues to trade sideways around $20k, this is neutral at the moment. If Price is able to breakout from here (above $21k ) then it will likely aim to retest $24181 resistance . However, if Price breaks down here, it will likely test the 50 MA as support at $19417 support . Mental Stop Loss: (two consecutive closes above) $21k.
COINBASE:BTCUSD
by dailytaguy
Bitcoin Bitcoin support levels - $20,400 and $20,000 strong Support Bitcoin resistance - $20,800 and $21,000 strong resistance Trade with Risk management because market depends upon Bitcoin movement. ——————————————————————— Analysis: BTC Support is at $20,400 and the next support is at $20,000. BTC resistance is at $20,800 and $21,000. According to 1-hour timeframe, BTC has broken out of its trendline with high volume possibly heading towards $20,800 resistance but observing the previous two false breakouts, it would be better to observe at least the current hourly candle close. 200 EMA support lies around $20,350. BTC closed its daily candle red at $20,483. Manage your risk according to mentioned support & resistance levels Please be aware that the market will be volatile today as FED interest rate decision will be released at 11 PM Pakistan standard time, Exchanges will try to hunt stop loss so avoid high leverage trade
by Waqar212
Bitcoin Bitcoin support levels - $20,400 and $20,000 strong Support Bitcoin resistance - $20,800 and $21,000 strong resistance Market depends upon Bitcoin movement so we updated you. Do trade with risk management. ——————————————————————— Bitcoin had been facing a sell pressure on 4 hours timeframe However bitcoin is still able to hold the 20,400$ level of support along with 50 EMA Support, But if bitcoin confirms below the support, The next upcoming support for bitcoin will be 20,000$ therefore manage your risk according to support & resistance level and Please be aware that the market will be volatile as tomorrow will be FED interest rate decisions at 11 PM Pakistan standard time, Exchanges will try to hunt stop loss so avoid high leverage trade. Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $1.02T, a 0.14% increase over the last day. The total crypto market volume over the last 24 hours is $74.92B, which makes a 14.97% decrease. The total volume in DeFi is currently $3.12B, 4.16% of the total crypto market 24-hour volume. The volume of all stable coins is now $68.23B, which is 91.07% of the total crypto market 24-hour volume. Bitcoin dominance is currently 38.71%, a decrease of 0.03% over the day.
by Waqar212
BTC/USDT - Bull or Bear? 📈📉🤔Big week with the FOMC set to announce on Nov 1-2. A .75 BPS move basically priced it at this point, however markets will be paying attention to any hints of further tightening or a FED pivot. Taking a look at the BTC/USDT daily chart, we see an important inflection point. Seems to be a big macro bull vs bear battle taking shape. Will we go bear and see resistance at the EMA100? 📉 Or is the 4H double top showing a bullish upside? 📈 Either way, we have a crucial week ahead for markets moving into the last 2 months of the year and into 2023. As always, eyes peeled and head on a swivel. 🤝 -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
2