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Bitcointrading

Bitcoin Daily FractalHello Everyone, I wanted to share this idea with you as I think it is an excellent food for the brain and to dwell on. I am not saying that it will play the same as in September, but we can deny that the similarities are staggering. -RSI sam level -Stoch RSI same level -The support found on 2 VWAP from High and Low from long and intermediate trend -Resistance found from VWAP set from short term rally low -Same price action -Strong resistance set by trendline It will be interesting to see how this will play out. However, I won't hesitate to enter and add when BTC will break above the short term trend VWAP (black). BTC is on a thin line, and there is a lot of squeeze building up. In the sense that there is a lot of liquidation power building up. Many stop losses orders close to each other. Similar to the last drop at 56k. High volatility is around the corner, and it can go either way. It s better to wait for the market to show you the direction rather than guess. Then we all have opinions and biases. Like mine, the FOMC has already been priced in the price action of last week and a half, so right now, retail traders are the ones selling, so I expect a buy the rumours sell the news type of action (reverse). However, the markets decide, so let s wait for it. Will BTC break up or down? My vote is up (To clarify, I am not entering now, wait for confirmation either way) FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
4
BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day. The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355. Watch your money management and do your own research before trading. If break it will be bearish season. Look my previous ideas here: note: only take position after confirmation and do your own research before trading.
Short
by pandupratama7
Bitcoin Log Growth & Elliot Wave ProjectionHere is a possible idea on BTC: With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area Let's see how this plays out but this weeks close should give us a strong indication Let me know what you think guys always interested to hear differing opinions
by jamesdbarnard
2
BTC Bitcoin: Potential H&S PatternHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. 1) In a prior idea, I noted the price may go up as a result of the Double Bottom Pattern (bullish pattern). However there is a potential for a Head & Shoulders Pattern (H&S Pattern) as well, which is a bearish pattern. When reviewing lines and patterns, it is important to understand all the different scenarios and focus on which pattern is closest to forming so you can take action. 2) If the price goes below around $47K, keep your eyes open for a potential H&S Pattern completing the formation. This could bring the price down to around $41K-$42K. This would bring the price to around the wick area on December 3, 2021. 3) The RSI (relative strength index) has been supported by a trendline. Keep an eye on the support and potential break. 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. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
BITFINEX:BTCUSD
by MillionaireEconomics
5
BTC scenariosHello everyone, Which one will it be? BTC is on the verge of an important decision. Will BTC complete the HnS and Head to 42k? Or will BTC bounce from the support and break the HnS creating a strong reaction that will bring it to 56-58k? Most of the oscillators and momentum indicators are flashing oversold. However, if we look at the volume, every bounce from 46500 was with drying volume, which is a bearish indicator. Will the volume increase on support to signal a breakout or, will it be a fakeout? Considering the indicators, there is a reasonable probability that the HnS continuation will fail. However, the best play is to wait. Wait for a confirmation sign (breakout of the neckline 46500 or break out of the head to right shoulder resistance at 50k). It is always best not to be surprised. If we bounce convincingly from the support, it will be a good sign of a reversal. If we open and close on the 12h below the 46500, it will be a good sign that 42k is coming. Stay safe FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
Bitcoin, What is next?Hello everyone, In this video, I am going through my thinking process when looking at the current Bitcoin structure. Hopefully, this will help you learn to create a strategy and a thinking process that is unique to you. If you follow other traders' ideas, you will likely lose money nine times out of 10. Why? Because each of us has a different plan, risk management strategy and capital size. So think for yourself. However, the best thing you can do, if like me and money other you have lost money due to poorly managed trades, is to educate yourself...Knowledge is power, practical, and you will be able to use it every time you need it. Remember, opinions and confirmation bias in markets is the death of traders. Accept to be wrong to save your capital. FOLLOW ME, SHARE, LIKE, and COMMENT if you enjoyed the video.
BITSTAMP:BTCUSDLong
by CFcryptoTA
4
BTC Bitcoin: Short Term Double BottomHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. Quick Analysis: 1) This analysis is short-term and shows the Double Bottom Pattern Breakout Potential to around the $56K-$57K. 2) If price moves to that target, be ready for a potential Dead Cat Bounce scenario or Bull Trap scenario to happen. This is using the Fibonacci Extension levels. 3) The RSI (relative strength index) is being supported by a trendline. 4) The chart has many of the notes. Please read thoroughly. 5) Remember this is just a scenario of what could happen. Anything is possible. 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. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
BITFINEX:BTCUSDLong
by MillionaireEconomics
5
BTC Bitcoin: Price UpdateHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. Quick Analysis: 1) Though price has been falling over the past few days, it is important to note that there are two important support trendlines noted in the charts to stay above. There is also a resistance trendline which has been holding the price down. If price can get above that, there may be an impulsive move upwards. 2) Volume is consistent but low. 3) If price continues to fall, keep an eye on the danger zones on the chart as well as the support trendlines. 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
BITFINEX:BTCUSD
by MillionaireEconomics
6
Bitcoin ScenariosHello Everyone, I present here two possible scenarios. As an Elliott Wave theorist, you need always to have your most probable wave count and then some alternative on the side. My first scenario was back in May through July. We had a zigzag and then followed by the new wave 5, which has been invalidated. These are now my two most probable scenarios. The first one is a raising Triangle. This is my choice number 1. Considering we are still in corrective wave 4, Ralph has noted that triangles are the most common pattern found in wave 4. This is because it lay the foundations for the next impulsive wave. Also, he explains to always look at the previous correction in wave 2, and by the law of alternation, wave 4 will be an alternate pattern (ex: If wave 2 zig zag then waves 4 triangles or combination). Now considering that wave 2 back in 2020 was a zig-zag, we can speculate that wave 4 will possibly be either a triangle or a combination of patterns (Double three, Triple three). Triangle Characteristics: - 5 waves ABCDE - Wave ACE are raising higher lows - Every wave is subdivided into ZigZag waves (3-3-3-3-3) So the resistance to paying attention will be 58k. If the price is strongly rejected and the lower support trendline fails to hold, the triangle will be invalidated. If the triangle is validated, which should happen in the next month, then we will see a three-wave up starting from this low to raise slightly above the new ath (wave D) and then one more 3 waves down, which will scare the market (wave E) to complete the triangle. The second scenario (bearish) is the expanded flat. Flats are simple corrections and, in this case, the most unlikely due to the alternation law explained earlier. However, there is a chance we see this pattern unfolding followed possibly by a combination (accumulation) at the low. Flats are composed of 3 waves ABC, Wave A&B are subdivided into 3 waves, and wave C is subdivided into 5 waves being the motive wave of the pattern, forming 3-3-5. If this scenario holds true, then it means we have just started wave 1 of wave C. However to validate this scenario. We will need to wait for wave 2 to complete. The wave will likely complete between 58k and 62k. So if BTC fails to reclaim this area with a strong rejection and, as a final confirmation, will lose the lower diagonal support trendline, then it is likely we have formed an expanding flat formation with a target between 30 and 20k depending on the motive wave sequence. The good news is...BTC will soon have a relief bounce...the bad news is yet to come. I know this doesn't sound very easy...because it isn't. I will dive into these concepts later with a live/video. If you have any questions or anything you would like me to explain in more detail in the video later on, please feel free to leave a comment down below. in the meantime, FOLLOW, SHARE, LIKE AND COMMENT.
BITSTAMP:BTCUSDLong
by CFcryptoTA
2
BTC start forming divergence on 4H MACDBINANCE:BTCSTUSDT Channels on chart its a key. If we a looking on local 4H situation we can see we are trade in 2 channels. On MACD we start forming like usual 3 bottoms divergence (maid going up, price on chart going down) Downtrend white channel first support 12 October at 53900 top of this channel 10 November 69000 now we going down and found second touch support 4 December 42600 resistance at middle line white channel at 51700 now we have to find support at 46800 (higher low) 12-13 December and once again retest 0.5 level by fib since May 17 December going over middle line white channel 52700 and trade above with retest local fib downtrend line (dot lines) around 22 December we will touch 58700 (0.781 level by fib since May) and top of white downside channel. Then we will see if we reject price going to official bear market if we are breaking out we make a continuation and cycle will be longer than everyone expect. In this case you can check my previews idea about global BITCOIN moves since 2020. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
2
Bitcoin Simple RetestHello, Some of you may recall back in sep-oct I was calling the breakout of this pennant/iHnS/Cup n Handle (depending on your view, many patterns can be found in one). I was calling as a target 72-73k. We felt short of 3k from the target. However, that s not important. What is important is that this looks like a bullish retest of the pattern for now. This makes sense considering the market was running overheated. The low volume suggests weakness in this down move. I wrote on the chart the confluence of strong supports between 45 and 46500. In my view, a clean break of the 46500 with an open and close below on the weekly will probably start a dip down to 30k. However, this looks like a retest, and I will treat it as so. Great risk-reward ratio. Fear is uncomfortable but often is the best emotion in markets to buy-in. Always remember to put a Stop Loss to preserve the capital. New traders and experienced traders often do not understand that it is not important whether you are right or wrong in the market. The market doesn't care...what matters is your set-up and your P and L. What you need to care about is your capital. Forget about the thrill to be right or wrong. Preserve your capital to fight another day. Professional traders take losses like champions, small, consistent losses but consistent profit dictated by your RR setups...over 2 as a general rule. So whether you have an opinion on the market that can be right or wrong, it doesn't matter. It is just an opinion, and the market will do what it needs to do. So stick to your plan...not mine, not your friends, not your relatives...your set-up and risk management. I can be wrong today and other 4 times in a row, but in profit on my P&L...the sooner you learn that to be right or wrong in the market doesn't matter, the sooner you will become profitable. Remember, the market does not care about your ego and your need to prove to others that you are right. Fight to live another day, and you will be closer to making it as a trader than you ever be.
Long
by CFcryptoTA
Bitcoin and the moving averagesI won't be dwelling too long on this as it is just an idea I have developed between yesterday and today. However, MAs are used as dynamic supports and resistances during bull and bear markets. When multiple MAs are spread out clearly, the underlying trend is strong. When they are squeezed together, high volatility is imminent, and when they are crossing each other multiple times indecision in the market. To better understand, I have also gone back to the 2020 bull market start to compare the scenarios. As I said multiple times, there is no doubt we are in the process to start a great bull run. However, here is the MAs chart to give you another angle to my view using a more conventional analysis tool. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDLong
by CFcryptoTA
2