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Bitcointrading

BTC: Bear Flag Formation In ProcessHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a channel with a bear flag pattern. The measured move of this pattern touches a long-term support area. The Fibonacci Retracement shows the Golden Ratio (1.618) around $3.3K. Price has a strong possibility to come down to the $3K-7K range based on this scenario. Volume will be key for any major move. If the BTC price breaks above the channel moving higher, the bear flag pattern may be invalidated. Be careful of traps along the way. Please be aware that this may take days or months to reach the target so have patience! Also shown in the chart is Ichimoku Cloud, Volume, RSI, Stoch RSI, MACD, MFI. 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
2
BTC Support Looking Good at $20kContinuing on the idea I initially published on 6/22, $20K is increasingly looking like support for BTC. Look at the series of higher highs and lower lows that have been recently occurring on the 4H chart. In my previous entry I scaled in at $20k and sold at $21.5k. I'm looking to make a similar move now that BTC has reverted back to this support level again. As mentioned before, the macro environment is still rough and it is wholly possible that we break below $20k. My next level of entry to scale in further will be $18k. However at this point I have no stop losses set below $20k.
COINBASE:BTCUSD
by HomeRunFatPitch
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)All my previous Ideas run well ✅ It seems that Bitcoin passed main wave 1 and is now on the way to completing main wave 2. 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
Long
by pejman_zwin
14
Symmetrical Triangle breakdown can take Bitcoin price to $17,000Bitcoin price was unable to hold the support line & printed a low $19,221 yesterday. A clear breakdown & retest of symmetrical triangle can be seen on the chart. Previously, on June 4th a breakout & retest was witnessed & then price rallied all the way up & met the target of 17%. This time the distance of symmetrical triangle is 11.54%. If it follows the same pattern then price call fall till $17,094. This structure will be invalidated if 4H candle of BTC closes above $20,080. Today, CPI reprot will be released. Market ca be highly volatile. Overall, chart looks bearish.
BShort
by tradetogether90
BTC Bear Flag Pennant In ProcessHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a pennant pattern with a bear flag formation so ultimately a Bear Flag Pennant. The measured move of this pattern touches a long-term support line around $7K. The Fibonacci Retracement shows the Golden Ratio (1.618) around $3.3K. Price has a strong possibility to come down to the $3K-7K range based on this scenario. Please be aware that this may take days or months to reach the target so have patience! Also shown in the chart is Ichimoku Cloud, Volume, RSI, Stoch RSI, MACD, MFI. 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:BTCUSDShort
by MillionaireEconomics
12
Bitcoin Roadmap 2022 - What to expect for the bottom reversal This is an untouched line model of each Bull Run complied together and matched up at the peak before falling towards the Bear bottom. I did not fit it together to look nice, and I did not change the angles. It's genuine and undeniable. This is the form that I extracted the 3 line structure used on top of each bull run. The strange confluence that was found is the following: For the latest bull run - When you take the 3 line structure and duplicate it, then lay it over itself at the second bar down, it fits PERFECTLY TO the current price movement/percentages/time. This shows to me that we have an evolving dynamic as we grow into higher prices on a logarithmic chart. What may look strange to the eye is actually exactly the same structure from the past 2 bull runs. One odd detail to note that I am still not completely understanding of is the fact that there seams to be a what I call a "ghost peak" that would have existed around $109,000 that was never met (but expected by many) that fits in perfectly to this structure as well! Although the actual calculations are done from the November price top and fits perfectly to the rest of the structure mathematically. There is much more to be understood and discovered about this chart so please contact me if you'd like to add some ideas or collaborate. I expect us to hit the bottom blue line at around $12,780 at least as a candle closing target on this 10D chart, as well as the possibility of going down to touch the $10,000 mark. Please note there are many more aspects of FIB levels and average time/percentage calculations and moving averages that have been hidden in the background that show amazing confluence. Note: If you scroll below the chart there are some distance lines regarding the halving cycles etc.. This chart is missing many aspects of it's original creation for ease of viewing..
INDEX:BTCUSD
by WillTMoney
2
BTC Bitcoin: Headed Much LowerHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a pennant pattern with a bear flag formation so ultimately a Bear Flag Pennant. The measured move of this pattern touches a long-term support line around $7K. The Fibonacci Retracement shows the Golden Ratio (1.618) around $3.3K. Price has a strong possibility to come down to the $3K-7K range based on this scenario. Please be aware that this may take days or months to reach the target so have patience! 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
8
Bitcoin - Wisdom, knowledge, and a warning!!!Bitcoin is now well inside the range that I created back on May the 12th. Every time we dip below a set range it opens the possibility to go to the next lower range and that's how this zone of interest came to be. The next stop IF we dip below the current range is $11,000. As of right now, BTC does not show signs of strength and we may see another drop, or we may go into a long-range. Also, keep in mind that we are well below bost now, it takes about 34K to produce a Bitcoin that's worth 20K. Production may slow down if we stay this long under production cost which will influence the price. Another point to consider: Since the Dow Jones Industrial average is now in full control of BTC we only get the weekend to see what Bitcoin will do on its own. Mon-Fri Bitcoin moves in whichever direction the DJIA moves, let's look closely this weekend to see if BTC moves up, down, or goes nowhere. If it does not move much that means it is waiting for the Dow to open on Monday to keep following it, which means institutional money is at wheel 100%. What are we waiting for as a sign that we might move up? We're waiting for a big price drop with small volume. Why? That will indicate to the powers that be that you’ve all sold all you had and that there’s very little cheap supply left. Once the cheap supply is all bought, it's time to start pumping good news out and start moving the price up. If the above does not make sense read it until it does. Heads up: Look closely and you will see that when Bitcoin comes down volume goes up and when Bitcoin goes up volume is low. What does that mean? It means a few things, one is that there is still a whole lot of selling and buying going on, meaning there is still a lot of cheap BTC to be bought but there is very little interest in buying by first-time buyers. In other words, institutional money is buying a lot from panicky retailers but retailers may be out of cash to buy cheap. This is a warning that we might not be done going down. A good indicator of supply running out will be when we see a candle with a large wick where the price went up by a lot came down by a lot and closed where it started with below-average volume. My Strategy: 3/3/4 33% of my money is allocated to a very low buy order that can take weeks or months to fill, when that initial order hits my other 33% goes in once we dip below the first buy order's price. The remaining 34% I put to work once we are so low it is hard to believe that we will ever go back up. Needless to say, I have 34% left and I am waiting to see how low we can go. That last 34% typically makes a ridiculous amount of money. Regarding SHIB: You can buy SHIB and it will be based on hope and it will be an investment mostly because it requires a long commitment, only put a small amount of your capital on coins that you hope will go up. Focus the bulk of your money on the coins that are likely to go up. Get to know your asset class, know the players, and understand the projects. Otherwise, you are gambling with your money hoping you made the right choice and that somehow you will be rewarded. How does Warren Buffett get it right so often? Before investing he gets to know the product and the people behind the product. Warning: The world economy could get worse, do not commit more capital to crypto if you see a scenario where you'll need that money in a few months. Crypto is not a hedge against inflation, it actually follows the global markets, if they go down Bitcoin will follow. If you hang onto your last bit of capital and we go lower, you'll have the opportunity to put it at the very bottom and see big profits later on. You will not lose if you are very cautious with your remaining capital. You can put it at the bottom, you can put it in once we know for sure that we are going back up or you can use it to survive a recession. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
B
by cryptoGats
10
Scaling in to BTCThe recent Bitcoin market meltdown has been so severe that one must start considering potential bottoms. Upon piercing the previous bull market highs and reaching as low as $17,567, Bitcoin reverted to the $20k level. $20k is a reasonable place to start scaling back in and I have opened a position at that level. It is possible BTC will fall further ($16,500 would be my next guess if the previous low is broken) and I will scale in more then. However, it is also possible that we see a relief rally, in which case I'm putting a conservative target price of $25,000 in place to take profits given the negative macro environment.
COINBASE:BTCUSD
by HomeRunFatPitch
1