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Bitcointrading

Bearish Divergence!!! Will it play out? If this divergence plays out I would not be too surprised if the price gets to 40k and that’s if I’m conservative about it. In my previous post, I show the bearish flag. If the price goes to 40k we may start testing the bearish flag support becoming resistance and then I assume it will indicate even more bearish move which may lead us to a lower 30k. Let me know what do you think, do you agree, can you add something to it, or do you think it’s wrong and we go up from here?
BITSTAMP:BTCUSDShort
by ECONOPEDIA
9
Bitcoin - Market Seasonality 📉📉 What is crypto seasonality? Crypto seasonality is the perception that Bitcoin will rise and fall over a set period of time, drastically affecting the crypto market overall. Bitcoin (BTC) is the world’s largest cryptocurrency, as well as the first-ever one. As the first cryptocurrency, it has tons of value locked up into it at all times, and all subsequent coins, otherwise known as altcoins, are tied to it in some way. However, Bitcoin is no stable asset. The world’s first cryptocurrency is consistently ranging in value, dropping or rising tens of thousands of dollars at any given point. Every four years, this volatility is expected to reach a peak before crashing relatively hard due to the Bitcoin halving. The Bitcoin halving is programmed into the Bitcoin blockchain. Every four years, the halving occurs, and the rewards for mining Bitcoin are cut in half, effectively ensuring less Bitcoin is coming into circulation with every block mined. The market tends to correct after a halving, with Bitcoin’s price rising due to its more scarce nature, only to crash shortly afterward as investors cash in their newly-earned profits, and the market overcorrects as a result. While Bitcoin crashes, more investors begin worrying about their investments and may pull out to move funds into altcoins. 📉2. Is crypto seasonality good or bad? It affects everyone. But whether it’s good or bad depends on your investment personality. Crypto seasonality can be seen as both good and bad, depending on your perspective and investment personality. For one, newer traders might see seasonality as a good thing, as they can now invest in Bitcoin at a lower price. Long-time holders, however, might despise crypto seasonality as their Bitcoin holdings are almost guaranteed to crash every four years, forcing them to wait out the lows or reinvest their holdings into altcoins. That said, one can almost always expect Bitcoin to rise back up due to supply and demand. While this belief is never a guarantee, the leading cryptocurrency has historically risen to higher highs after each halving so far. 📉3. How crypto seasonality affects investors Crypto seasonality might force Bitcoin-only investors to gamble in the altcoin market. When Bitcoin’s price crashes, investors are almost forced into the altcoin market to continue generating profits. That said, altcoins are entirely unpredictable, and a project that’s massively popular one day can crash suddenly the next. The altcoin market is also full of scams. Rug pulls and deceptive marketing have led to investors being taken advantage of. Regulatory policies are still in the works and can negatively affect a trader's experience as they develop. Exchanges can be hacked and holdings stolen. There’s really no telling what can happen in the wild west that is the altcoin market. Sure, there are safer ways than others. Investors can buy into established passive income methods like Uniswap’s (UNI) liquidity pools, or participate in the mining or staking process of a coin rather than simply investing in it, but there’s still an inherent risk alongside these processes. What do you think ? Comment below..
COINBASE:BTCUSDEducation
by AnonimFXRO
#Bitcoin has reached 46K and even 47K. What now? #BTC is now trying to close its first full candle above bull market support band, which is now at 44.7K and also matches the 200 day EMA and the 50% Fib. Retracement traced from July 2021. We're even close to the 200 day SMA at 48.2K, which is the last moving average to conquer and just 2 days away from our yellow box, where we pointed out now weeks ago those were the dates where we could see a potential trend reversal (March 30th - April 3rd). We have multiple levels to conquer to the upside, but 2 of the most important are 50% Fib. Retracement and 50% Fib. Extension. The first one would imply an upside continuation to the prices we know from last cycle. The second one, could imply a potential new all time high coming. Now, this won't happen without corrections or retracements and that's healthy for the market. So, what do we have to watch closely now? First of all, volume. Volume Oscillator shows volume going down in the last few days, while price is going up. And that's not good, because the volume should always rise in a rallying market. If it doesn't, the chances of a bull trap increases. MACD, Stochastic and RSI: an Stochastic and RSI rise is expected during a rally, but it's much healthier if the rally occurs with these indicators outside the overbought range. Stochastic is already overbought, RSI is almost there and MACD is climbing to a potential bearish cross. Short term price action (4H and 2H charts): if we take a look at both charts we can see volume is going down pretty fast, which is no good at all. Remember: volume is the blood of the market, without enough volume, no rally is sustainable. Also, Open Interest (Cryptoquant) is now at 14.5B with a huge spike in the last days. It's not something to be concerned yet because certain rise in OI is expected, but remember: last 3 bull cycles started with OI between 5-8B and last 3 big corrections (30/50% dips) started with OI between 14-16B. Nasdaq is also something to watch, because crypto markets and tech stocks have shown a really strong correlation during the years. The thing is Nasdaq is not yet above 20W SMA or 21W EMA (bull support), but is getting there. It has a strong resistance about 14871, and bull support band is around 15000. MACD, Stochastic and RSI on Nasdaq look much better than Bitcoin's, with the RSI even in normal levels. So, what all this could mean? 1 | Although bitcoin has surpassed 46K, it's still too early to say that the bull market is back. 2 | I think it's prudent to wait at least 2/3 days to see if #BTC continues to close candles above 46K. 3 | We will likely see a correction after this "rally" today, since the volume is not following and Nasdaq still has some barriers to overcome. LAST | I think the bull market is going to arrive and maybe even on the dates indicated (yellow box) but I would wait a few more days before diving into the market. If you enjoyed this, just show your appreciation following/retweeting on Twitter, here, leaving and comment or just a like. Have a nice week,
by BlackTieCrypto
4
BTC Bitcoin: Headed back downHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). BTC Price looks like it is headed back down based on the RSI. Focus on the Fibonacci Retracement levels. 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 Bitcoin: A Drop Is ComingHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). BTC Price looks like it is headed back down based on the RSI and MFI. Focus on the Fibonacci Retracement levels. 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
BITCOIN TRADES TAKE PROFIT 📉📉📉📉 Hi there my friends, i was talking to you about BITCOIN bullishnes and various fundamental reasons why i expect it to rise to 45.000$ as a first target, well our target was hit. For now i am out of every trade on BTC, i am still bullish from a fundamental context but not from a tecnhical perspective. I will wait for the price to make a retracement back into H4 imbalance + bullish orderblock that is located around 43k price area. PLEASE REMEMBER that we are still bullish within a strong bullish market strucutre but for now its just not a DISCOUNT PRICE to LONG IT, wait / be patient and then execute. What do you think ? Do you agree with my analysis ?
BINANCE:BTCUSDLong
by AnonimFXRO
Patiently waiting for a drop on BTCAs said in our previous analysis, price is heading towards our SELL zone which you can clearly see in the video. We're expecting another reaction in that area which should push the market down to our target levels. If you guys are holding any long positions make sure to watch out for reversal signals and close them in profit, or if you don't currently have any trades on BTC but you're looking for an entry, then I would suggest waiting for the right moment. We're expecting a potential reversal around the 44K level which should provide us with some decent entries. Watch the video to find out where are the key levels on BTC. Don't forget to leave a comment!
COINBASE:BTCUSD
by ForexTrendline
18
BITCOIN LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN as we are in a bullish market strucutre on a HTF (W1) and on the LTF (H4) the price is clearly making higher highs and higher lows with bullish BOS meaning we should go higher from there. I think we will hit 45.000 institutional figure where a lot of liquidity stays above 📉 From a fundamental perspective we are strongly bullish on this chart, market seasonality + fear/greed index + fed rate hikes and the correlation between US500 and BTC. 📉 I will attach a photo and a explanation of BITCOIN EXCHANGE RESERVE so you can understand why we are strongly bullish from a macro perspective. What do you think ? Comment below..
BINANCE:BTCUSDLong
by AnonimFXRO
3
BTC halving cycles, rhyming history & gauging bottomsIn the chart displayed I took the logarithmic growth of bitcoin and explored historic trends and figures that can *potentially* be used in predicting an unpredictable market. Note that there a multiple logarithmic growth curves for bitcoin online and my thesis is based on the curve seen in the chart provided by @quantadelic on TradingView so big thank you to them. This idea can be invalidated on other log curves hence the note. Other than that I sourced halving dates from: Deltec None of this is financial advice and I am only doing this for the sake of having fun charting and sharing an idea that might bring you some value As seen from the 2012, 2016 & 2020 halving $BTC always starts off with a huge expansion phase followed by a contraction phase after peaking and finally a smaller expansion/consolidation approaching the next halving cycle. Provided that we have only seen 2 cycles play out it is difficult to make estimated guesses due to the lack of data but nonetheless we utilise what we have. The 2012 expansion lasted for ±367 days while the 2016 expansion lasted for ±526 days. Provided that history repeats itself we can acknowledge that bitcoin has established its peak whether that be peak 1 (mid April ±336 days after halving) or peak 2 (early November ±546 days after halving) using previous cycle day counts and can now expect to find a trough. I believe these were both local tops this cycle and that we still see a global top this cycle explained later in this piece. Approximately a year after a cycle peak we see a mass capitulation event that marks the trough AKA the cycle bottom. We saw this play out in the 2012 cycle where bitcoin capitulated about 400 days after peaking & in the 2016 cycle where bitcoin capitulated almost exactly 1 year (364 days) after peaking marking the trough. If we apply history to the current 2020 cycle (and to its double top i.e to each peak) I expect BTC to find a bottom anywhere between April '22 (±1 year after 1st peak) or November '22 (±1 year after 2nd peak) anywhere along the logarithmic growth curve, as it has historically bottomed there. It is important to note that the curve does not define a bottom and we can still nuke further (see March of 2020 covid black swan outlier where bitcoin fell 50% below the curve). There are a lot of macro factors that can cause another nuke such as a nuclear war, no pun intended or a global recession. This should be considered before bidding and understanding risk accordingly, although I believe bitcoin will flourish in either of these scenarios as it is the hardest money out there. Finally back to the idea of a global cycle top, if history repeats then bitcoin should closely rest on the logarithmic growth curve meaning that towards the next cycle one bitcoin should be valued at over one hundred thousand united state dollars. Am I certain bitcoin will be valued at that? Not at all, I have no clue other than the logic I wrote here. It will take a massive amount of spot bids to get us over 100k and am only basing this off of historical price chilling at the bottom of the logarithmic growth curve. I will personally DCA and bid anywhere along the bottom of the curve, as always DYOR. You may have also noticed that I did not comment on bitcoin peaking at the upper band of the curve, this may or may not happen before the next halving and I prefer not to comment. This is my first time writing something like this. I hope you enjoyed reading and found value in my idea on how things will play out. Happy trading twitter: psycryptocat
BITSTAMP:BTCUSD
by psyfib
1