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Bitcointrading

Bitcoin buyers made the hold, but will we see a rally?Hi, and welcome to Wednesday’s update. Today we have seen a few of the top ten crypto coins trying to get some buyer momentum going. Today’s video is on Bitcoin but also check out the ETH on its daily chart for another example. Bitcoin on the 4H made a support hold overnight, and we take that as a positive for buyers. So far today, buyers have continued to push off 23,780 support. We are keeping an eye on 24,033 resistance/supply as price continues to struggle to break this area. If we see a break, and we hope to. We would then be looking at 24,277. If buyers can’t get this rally going and we see a new push lower by sellers, beware of the support level, as a break of that level could also start to bring into play the wedge pattern seen on the daily timeframe. (covered in the video update) It’s a real test at the moment to see if buyers can get a rally going breaking the current supply and setting up a new move that could reach 24,890 again We hope you enjoyed today’s update, and please feel free to send us your thoughts on bitcoins price action at the moment. Otherwise, enjoy your Wednesday and good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Bitcoin BTC: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a rising channel. The chart shows a variety of signals with potential for upward movement around the resistance areas at the top of the Keltner Channel (KC). A major concern is Volume dropping off. Also Included: RSI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
1
BTC LATE SHORTERS ON HIT LISTBTC is in the process of a mini bear cycle rally to squeeze late shorts, don't be fooled to think its a return-to-normal. 28k is the likely area of interest to wipe the shorts out, 30k will more than likely remain untouched - too much liquidity will be needed to break past again whilst in a bear market. Long entry $22'700-23k TP 1 -> 26k TP 2 -> 28k TP 3 -> 29k Keep SL tight 22'400 As 21.8-21.6k is also a consideration for liquidity on the next upward push, but is not likely seeing how momentum is holding. Also to truly lure in longs we would see strong supports (higher than expected) when coming to an exit pump. Late August/September are historically heavy red months and these look like no exception. Trade wise and manage risk accordingly.
Long
by Drecrypto96
BITCOIN: STILL UNDER PRESSURE.Hello traders, I hope you guys are enjoying your weekend. Here's a quick update on BTC in a lower timeframe. Timeframe: 6 hours. Update: In my previous daily TF update, I mentioned $23150 as a slight resistance that BTC has already crossed and so far it is still above it. Current scenario: In this 6-hour TF, BTC has not yet broken above the resistance trendline. It showed some small fakeout but the daily close dropped the price inside the trendline. According to this chart, a bullish rally towards $28k won't get approved unless BTC breaks and closes above the trendline. Until then, the chances of breaking down still continue. Key level: $24k resistance level. Conclusion: To continue a bullish rally BTC must stay above the $23k level after the weekly close. Let me know what you guys think about the market. I would like to know your opinion. Thank you and have a great hour ahead.
COINBASE:BTCUSD
by Dexter_The_Trader
10
BTC Bitcoin: Upcoming Days ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a rising channel and headed down. The chart shows a variety of signals with downward potential. The Ichimoku Cloud resistance is very strong as well as the recent bearish cross of the Stoch RSI. MACD is about to have a cross which will be worth checking out. RSI is also approaching a multi-month support line. Fibonacci retracement shows possible price coming down to 0.236 level which is also the channel bottom and where the Keltner Channel (KC) bottom is. A major concern is Volume dropping off. Lastly VPVR shows under $20K is much less trading activity so price could fall quickly to $17K-$18K if it goes below $20K. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
1
BTCUSD (HIGH PROBABILITY SELL SETUP SOON)Hello traders, hope you all are having a good weekend, Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%. Here we can see the clear Divergence on the RSI Indicator from the actual price action on the chart, baring in mind we're using H1 time frame for a clearer view of our analysis, hence we can't predict the duration of the market moves, Keep a close eye on BITCOIN world's no1 cryptocurrency, Happy PIP hunting traders.
COINBASE:BTCUSDShort
by FX-PIPHUNTER
6
What is the Best Price for Buying BTC? Does it Worth Buying?Since BTC is not an asset or any reliable currency there is nothing I can be sure of. But, with simple Elliott waves and Fibonacci numbers, we can see that 13K and 17K are the best prices for buying BTC. (BTCUSDT chart is saturated in the daily time frame as you see in the published chart) The problem is how long you should hold your new BTC. Now, let's think with our simple logic. As you know, interest rates are rising along with inflation in the world. So, high-risk markets including cryptocurrencies are definitely affected by these conditions. I personally think you should buy BTC in 17k with 15% of your investment money (cryptocurrency investment) and then buy 30% in 13k. If I were you I would hold my second buy until BTC reaches about 60k and sold the first buy on the highest point. (However, before selling, it is important to analyze the economy of that date whenever it wants to be) With all of these things said, it is worth the risk but not more than 20% of your entire investment money on stocks, forex, and crypto. If there is anything that you think you can add to my published post, please leave a comment.
by AregBabayn777
2
IntraDay Trading Strategy Compilation 5 (BTC)Today we are going to propose different movements at the same time, for anyone who can follow them closely and wishes to operate any of this range of possibilities. First of all I want everyone to understand the larger range pattern that is being formulated, a reverse shoulder head shoulder, secondly, it seems convenient to me to apply the Elliot wave rule and its tendency to alternation, 3 movements per wave, 5 consequent movements and 3 final movements 3-5-3 = abc-abcde-abc, Finally, I would like to point out that this structure signals an upward momentum, but within the market with a downward trend, it does not have to happen that way. I have left multiple ideas for people who want to try operations as is my case, usually I do not operate in such low timeframes, I prefer to study the behavior and understand the market manipulation by smart money that is much more visible in these intervals. I hope this idea is of some use to you, if someone operates one of the options and it is good for them to leave it in the comments of the post, I answer everything, whether they are doubts or constructive criticism, a huge greeting and have a good day. ------------------------------------------- Hoy vamos a plantear distintos movimientos al mismo tiempo, para todo aquel que pueda seguirlos de cerca y desee operar alguna de esta gama de posibilidades. En primer lugar quiero que todos entendamos el patrón a mayor alcance que se está formulando, un hombro cabeza hombro reverso, en segundo lugar me parece conveniente aplicar la regla de las ondas de Elliot y su tendencia a la alternancia, 3 movimientos por onda, 5 moviminentos la consecuente y 3 movimientos la final 3-5-3 = abc-abcde-abc, finalmente me gustaría señalar que esta estructura señala un impulso alcista pero que dentro del mercado con tendencia a la baja no tiene porque suceder así. He dejado múltiples ideas para gente que quiera probar operaciones así como es mi caso, por lo general no opero en temporalidades tan bajas, prefiero estudiar el comportamiento y entender la manipulación de mercado por parte del dinero inteligente que en estos intervalos es mucho más visible. Espero que os sirva algo de esta idea, si alguien opera una de las opciones y le va bien dejarlo por los comentarios del post, contesto todo ya sean dudas o críticas constructivas, un enrome saludo y que tengáis un buen día.
COINBASE:BTCUSDLong
by AVNGL01
Bitcoin Analyze (Double Zigzag Correction)!!!(Update)Bitcoin is making Double Zigzag Correction in Main wave Y. Also, Bitcoin has a chance for making a Head and Shoulder pattern. Bitcoin Analyze ( BTCUSDT ) Timeframe 12H⏰(Log Scale) 🔅 When Bitcoin breaks the Support Zone(Necking line of Head and Shoulder Pattern), then we can verify the end of microwave 2. Where is the end of Bitcoin Correction (Main wave A)❗️❓ 🎯Target 🎯: 16200$ until 14980$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin
34
Bitcoin Analyze (Head and Shoulder Pattern/Timeframe 15min)!!!Bitcoin made a Head and Shoulder Pattern on the Heavy Resistance zone, which can signify the end of the bullish rally we saw these days. In addition, still, we don't hear the good news in cryptocurrency markets ( DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.). Also, Bitcoin can make The Fan Principle Patten. 🔆Fan Principle Patten: This is a very interesting use of the Trend Line-The Fan Principle. This happens when the market is very volatile. In this principle, a trend line is broken and takes resistance at retracement in the uptrend. And the trend line is broken and takes support at retracement in the downtrend. Now a new trend line is formed and these things to continue and another new trend line is formed and repeats this process three times and now the trend is changed. This is an overview of the fan principle Pattern. Fundamental News: Tesla has just sold $936 Million worth of their crypto assets, most of which were made up of Bitcoin. 🔴Heavy Resistance Zone🔴: 24100$ to 2302$ Head and Shoulder Pattern's Target🎯: Around 21580$ ❗️Note❗️: If Bitcoin can break the Heavy Resistance zone, the Scenario will change (Low possible). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16