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Bitcointrading

Bitcoin(BTC) LONG TO $40KBTC going on an A-B-C correction which is very common after a good 5 wave impulse Blue 5 wave Elliot wave from 2017 to 2021 ABC corrective wave in RED Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE Wave C has two more waves to go sub wave (4) and sub wave (5) I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K The retracement of the subwave 3 of Wave (C) and the fib extension of subwave 2 have a great resistance 40K, so I believe in short term BTC might go to 40K with wave 5 before it goes on final subwave 5 and then reverses Happy trading and please leave feedback
BITFINEX:BTCUSDLong
by JAN360
Bitcoin retrace to $35k then $15k once Apex of Triangle breaks Based on 2 series of elliott waves I've calculated. I have listed the Daily and the Weekly. We are currently selling down on the C wave of the Daily Elliott Wave. There is a hidden Bearish cypher pattern, that initially bounced off of B leg, but we are showing a Triangle and its holding. The failed breakout will result in a retrace back below B leg and break $50, which leads us to my 1st target of $35k,,, More updates will follow once we retrace to the $35k level
COINBASE:BTCUSDShort
by moneyflow_trader
6
Bitcoin has reversed strongly, how bullish is this?Yesterday we had another strong sell-off for Bitcoin in the first part of the day and the cryptocurrency dropped under 34k floor. However, after reaching 33k, bulls totally took control and Bitcoin has finished the day into the green. Considering the almost straight line fall from 43k a deeper correction is not only normal but also healthy. From a technical point of view, 34-34.500 zone should act as strong support and the first clear resistance is slightly above 38k Speculators can look to buy dips under 35k with the mentioned target A new low under 33k would negate this scenario. Best regards Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
10
Bitcoin Analysis 23.01.2022Hello 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!
COINBASE:BTCUSD
by basictradingtv
3
Bitcoin / BTC - Where is it going next?The fibo there is critical and as you can tell the 50% fibo didn't hold and hit my POC - point of control level in aqua blue. The red horizontal lines are daily support / resistance while aqua blue are POC levels. Do note the dotted trend line is a weekly TL and a hit on that would be a third bounce if it holds. With FOMC coming next week this weekend and next week for crypto will be interesting. So be cautious and patient while managing your risk wisely. Original chart post -
COINBASE:BTCUSD
by TradersParadigm
BTC Bitcoin: 1W Chart In depthHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Bitcoin ( BTCUSD ). The chart is self-explanatory. The Bitcoin price has been heading down since the all time high and now below a major Support/Resistance Line around the $40K-$44K area. The price may get supported by the $30K area, however if it falls below that area and keeps falling, expect the price to get supported by the Extreme Danger Zone Support Line I drew in the chart. Below that is the previous all time high support area. The RSI (Relative Strength Index) and MFI (Money Flow Index) charts show the major support and resistance lines showing historical trends. Volume has been consistent. Lastly, VPVR (Volume Profile Visible Range) shows areas where there is heavy trading. Since the RSI and MFI are coming close to major support areas, the Bitcoin price has potential to rebound but keep an eye on the Volume and traditional markets as there may be a very good chance it may complete a Dead Cat Bounce and come back down again. Lastly, the chart shows a Bear Flag formation which has a target at the Extreme Danger Zone Support Line. This is also a very important line to consider since the Bear Flag formation target is at the same area. 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
4
BTC Elliott wave counting N2GM Everyone, I shared before my favourite count. However, this is also a valid EW count at the moment, which I keep as an alternative. The current correction has strong bearish momentum. Hence there is a chance we revisit the 24k. I had this count for a while. However, I was resistant to share it because of internal bias. Nevertheless, we know that bias is not very good in trading. Hence this is a possibility. In Elliott Wave, you always have your preferred counting and then two alternative counts, which are constantly updated as the price unfold itself. 24k is a concrete possibility. My suggestion right now is to play either level by level or stay completely on the sideline and wait for the trend to reverse clearly, or my preferred option is to STAY IN STABLECOINS AND EARN INTEREST ON IT IN DIFFERENT PLATFORMS (anchor, Nexo, kucoin etc.) up to 14% per year. This option will earn you money while doing nothing and counteracting the capital erosion due to inflation. The counting above is getting more and more my preferred one as a drop to 24k would mean a perfect touch of the 200MA (happened in the covid crush). It is also where the long term VWAP since March 2020 is resting, and also it's the 130% of the projection of wave A which is the usual target for wave C of a regular Flat correction. However, I will look into entering at 30 k with tight stop loss, and if I am stopped out because the 29 k level is violated, I will re-accumulate at 24k. This is once in a lifetime opportunity that I won't miss. The last time this happened, Bitcoin increased by 1500% in the year after, and some altcoins, as you know, have increased 100x (ADA 18211%, SOL 136391 + %, ETH 5558%, Doge 68000%). If I were you, I would be dancing right now at the idea of this opportunity. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDShort
by CFcryptoTA
Bitcoin heading towards 30000As I mentioned in previous analysis Bitcoin has some support near 40000 Bitcoin respected the support and bounce about 10%. Now in previous trading session it closed below 40000 and stated trading below the same. Based on current price action 30000 level should be target of this fall. Getting any pull back signal near 30000 will be good for long term investment. On the flip side further breakdown below 30000 will crash bitcoin and you will see 20% to 30% correction near future. 30000 level is the key now.
by nmcapital44
Bitcoin Liquidation Dump Incoming!!! There has been over a billion dollars worth of long positions liquidated over the past week. Leveraging long on the way down is a great way to burn your money and only helps the shorts. STOP DOING IT. That said, I believe Bitcoin will bottom around 20k. An extended flat correction fits the chart almost perfectly. This possibility would set a bottom below the summer low of 30k. Coincidentally, the 200 weekly moving average is lining up exactly at 2017s ATH. (The 200 weekly is where support was found in previous cycles and is where the majority of my limit orders are). Today, the price broke below the greater ascending wedge that has been forming since December of 2020. The chances of this being a fakeout are slim, given the macro environment. US indices have been getting crushed as all eyes rest on this month's FOMC meeting. Longs desperately need mid 30k to hold, but the chances of the bottom being put in via a liquidation event are looking likely. We've seen this playout in 2017, in 2020, and there's a good chance it plays out now. Maybe the Fed is hawkish and Bitcoin does bottom at 20k, maybe they walk back their decisions as to avoid a taper tantrum and the 5th and final wave that takes Bitcoin past 6 figures begins. Whichever way it plays out, be intelligent in your trades. Make your money work for you.
BITFINEX:BTCUSDShort
by SS_NOV
1
BITCOIN - LONG - BUT FIRST A LITTLE MORE SELLING PERHAPS...If we look for repeatable patterns we may find Bitcoin selling off a little more and finding support at 40k before it shoots up again. The last time Bitcoin had a big sell off was in May hitting 30k on 19th May. From there the market created 4 failed attempts to go higher before creating a new low on 22nd June - effectively running the stops. It then ranged and contracted for a month before finally shooting higher. Now, after the similar November sell off, the market has done the same thing - attempting 4 times to go higher and failing and has begun to dive. If history repeats, we may see the market hit the 40k zone and possibly create a new low. A fib extension indicated the 1.618 reversal pattern will be a new low (41400). Here would be the zone where we would look for the shoot higher (41400 - 38800). Important note: the 618 of the last swing higher (21/06 - 10/11) is at 44k. This could be the first reversal zone - set an alarm and we will judge the price action here!!
BITSTAMP:BTCUSDLong
by enzenator
BTC/USDTBitcoin is in a long-term uptrend channel that is falling to the bottom of the channel. It is very likely that Bitcoin is supported from the bottom of the channel for the following reasons and goes to the top of the channel... +EMA 100 WEEKLY +FIBO 0.786 +BOTTOM OF CHANNEL +MIDLINE OF ASCENDING CHANNEL IN LONG TERM But if Bitcoin fails to move up from the bottom of the channel, it will fall to the bottom and the bottom of the channel will break, forming a M pattern that puts Bitcoin at around $ 18,000 on the bottom of the long-term bullish channel . WHATS YOUR IDEA?
by mojahedzarinkolah
Bitcoin: We Hereby Dub You Finished 🗡Bitcoin has been on a long and arduous downward journey for some time already. Now the price has fallen short of the $39672 mark, where it has again affirmed the downward trend. Thus, we dub Bitcoin’s wave (iv) in blue finished and expect the price to go even lower from here. We indeed see it travelling to the $30000 region. Still, there remains a small 20% chance that the price could defy our prognosis and decide to not be ready to end wave (iv) in blue yet. Then, it could rise back up and above its previous high: the $68958 mark.
BITFINEX:BTCUSDShort
by MarketIntel
Bitcoin- I've become from bearish to strongly bearishTwo days ago I closed my sell shorts expecting a relief rally and yesterday, after the break above 42500, I expected at least 46k resistance to be touched. Even I, as bearish as I am on medium-term, didn't expect such a strong reversal. And this quick fall to 40k again tells me one thing only, Bitcoin has more to fall. From a technical point of view, Bitcoin has traded in a range in the past month, from 40 to 44k or so, and this rectangle should mean continuation once 40k is clearly broken. The first clear support is at 35k followed by the strong 30k support. Bitcoin above 45k would put a stop to this scenario
BITSTAMP:BTCUSDShort
by Mihai_Iacob
129
BTCUSD 15M Chart Analysis Swing Trades!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
BITSTAMP:BTCUSD
by CoverchefsFX
Bitcoin- And down we goIn my previous analysis, I said that I don't believe that the correction will have the power to reach 46k, and looks like I'm right, with Bitcoin breaking under what should have been support at 42500. Bulls are very, very weak and I expect to see 40k figure soon The real problem now is not if it will go there, but what will happen if it does. In my opinion, it will break under and the next obvious support is at 30k, interim support being at 35 I maintain my bearish opinion on BTC and the crypto market in general and I'm looking to add on my existing short trade on eventual rallies.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
35
BTC pictureHere we go, different supports and resistances of interest right now. The arrow points at the resistances that I would like to be violated to turn me bullish, which will give BTC good upside momentum. However, anything below that is a short and a continuation of the downtrend. It is futile to deny that BTC is in a secondary downtrend (LH, LL structure), so you should expect continuation until the price proves otherwise. Not sure what you're all talking about. The picture is pretty straightforward so far. Did you study TA? Then ya know! The lower timeframes started a new downtrend. Are you longing here without structure? FOLLOW ME, SHARE, LIKE AND COMMENT.
by CFcryptoTA
1
BTC Elliott Wave countGM everyone, For those of you interested in my Elliott Wave counting. This respect perfectly the Elliott Wave proportion with the golden ratio. My final Target for this wave C is 28900 approximately, which will conclude the FLAT correction and sign the start of the new Bull run to 185k. This is a 600% ish gain on BTC. Imagine the altcoins. Although painful, this will create tremendous opportunities to be taken, so save your dollar because you may be wealthy in a year. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDShort
by CFcryptoTA
1
BTC bear flagGM everyone, For those of you that like diagonals trendlines. There are two clear trendlines at work that provide strong resistance short term for BTC. I do not expect much from BTC right now. Clear downtrend with not strong bullish signs and volume gradually decreasing, which, although many will tell you, is a good thing. However, the reality is that the volume is dry because there is low demand and increased supply. We can see this on the few breakouts on the downside we had in the past few weeks. There is a spike of volume on the breakout due to the initial panic and then a gradual decrease suggesting lower demand. Also, as you can see from the chart, it looks like there is a clear bear pennant/flag in play at the moment. If BTC picks up some momentum on the upside, I do not see BTC going any further than 45500 unless strong volume push in and momentum start to turn. It looks to me bulls are scared right now. There is quite a firm conviction from some that BTC is bottoming out. The market is overleveraged, with many stop losses piling up on both sides. However, most of the shorts stop losses are above 46k, but the Longs stop losses are at 40k - 39k, making them highly vulnerable and bears will follow with conviction on a breakout. Although many are calling for different bullish patterns, the reality is that there is a lot of bias at this stage, and there is no clear bullish price pattern. There was a modest spring at 39500, which is bullish per see with good volume. However, the bulls follow-through was weak and with poor volume. BTC has just recently annihilated a cluster of strong supports for the uptrend, which are now all turned in resistances, and they are all sitting between 44 and 52k. I don't see much momentum, and considering the stochastic is almost overbought already, a strong push up is unlikely. Technically or you break them gradually step by step, or the asset has strong momentum behind and break through with strength... Hence in my head, I see continuation. I would reconsider my hypothesis when BTC breaks above 46k. Also, the Elliott Wave counting is not favouring an uptrend but rather a downtrend. Risk management is paramount, and you should know in advance invalidation points and your take profit, so do not copy and paste, follow your strategy as you don't know mine. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDShort
by CFcryptoTA