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Bitcoin trading idea today, BTC price action analysisDo you have a Bitcoin trading idea today? Here's a BTC price action and supply demand analysis. BTCUSD 15m trade analysis Price is approaching the upper supply zone in a form of compression There may be a trap as on above Bitcoin's chart. We also mark the spot where price reacts first, which is below the actual supply zone. FTB is First time back. We'll see price action and wait for confirmation in low time frame before enter our positions. If you find the article useful and interesting, Let's see another precision Gold, GBPJPY and Bitcoin trading ideas below ------------------------------------------ 🔰 Attention about this Bitcoin analysis This is my personal idea and analysis only. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
BYBIT:BTCUSD.P
by UnknownUnicorn31399052
5
BTC Bitcoin: Two Scenarios Coming Up Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. The price has two potentials from the Support and Resistance Trend Line which is in confluence with the VPVR (Volume Profile). Volume overall is low and Ichimoku Cloud shows a red cloud upcoming (resistance). Lastly, zooming out, you can see a Double Top Pattern, which is a bearish pattern. The $39K-$41K area is a very important area to keep an eye on. Shown in the chart: Trend line, Ichimoku Cloud, Support and Resistance Line, Volume, Volume Profile, Rising Wedge Pattern, Double Top Pattern. 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
4
BTC trendingHello Everyone, I hope you all enjoyed the time with your families. I apologise for being absent. I took some holidays during Christmas to spend time with my family. Now looking at BTC...There have been few excellent opportunities to capitulate in the past days, with BTC trading in a range with 46000 and 52000 as the main boundaries of the rectangle pattern. How do I trade the rectangle? Depending on the momentum oscillator, I either buy on support and sell at resistance OR (safest option) wait for a break out from the resistance or support and ride the impulse wave. I explained in the previous posts that from an Elliott Wave theory point of few there are different possible counting...either we are forming a rising triangle (my view), or this retracement was wave 1 of wave C, which will complete the expanded flat bringing us likely down to 21k (less plausible hypothesis). Now without speculating on the medium-long term, if we look at different indicators, we can appreciate that the scale leans towards a possible retest of 57-58 k in the medium-short term. BTC is oversold in basically all the timeframe up to the weekly frame with the stoch RSI of 4h, 12h and weekly flipping bullish. As you can appreciate, the different Moving averages and VWAP are providing a cluster of support and resistance in this area, with the VWAP from the low (June) and the 52 Week VWMA providing strong support and the VWAP from the Low (July) and the 200 Day MA providing resistance. Considering the oscillator, we can speculate that there are higher probabilities of a break out above the 52k level regaining a bullish momentum to retest the 52k. This is clearly defining the current trading range. If we pay attention to the weekly chart, I expect a run to 66k starting soon. However, I am waiting for the price to confirm before committing. If we apply some volume analysis, it is clear that BTC has been ranging for the last year (Accumulation) between 29k and 70k. The volume presents different interesting characteristics, with volume reaching a climax at the bottom in May and drying throughout June - July, which is a significant reversal sign as sellers have been dissipated. The bounce started with some volume but quickly drying suggesting this to be a wave B (phoney) due to the lack of volume strength backing the price action. Similarly, the volume has not increased violently on wave C down which suggests that this is not the start of a multi-year Bear market but only a wave part of a correction. Considering this, I expect another 2 waves in the medium term, carrying us to February. One wave to retest the 69k and another wave down correcting this bounce which will sign the end of the correction and the start of the last bull run before the bear market. Lastly, looking at BTC, there is a possible price pattern formation on this support. Either double bottom or Adam and eve, depending on the steepness of this bounce, either wave this should unfold in a significant bounce to 57k. To conclude, always remember that each of us has strategies and Bias. The most important part of a trade is the Stop Loss. This protects your capital from unexpected moves and your mistakes. No trader is always right, so cover your asses with a stop loss, better be safe than sorry. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
Bitcoin update. Still in no-trade zone. Waiting for the bottom.This is a quick Bitcoin update video. In summary, I explain why I'm waiting before initiating any trade and what I'm waiting for. I'm waiting for a clear bottom either through touching one of my support lines or by making a huge candle with a big wick below it. Where the wick will end up, no one knows. Some people estimate 44k. Some estimate 40k. Some estimate 29k. Eitherway, it will liquidate many leveraged longs and allow Bitcoin to soar freely afterwards.
BITSTAMP:BTCUSDLong
by TechNerdOmar
1
BTC Bitcoin: Inside The Rising Wedge Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. The chart is self-explanatory. The overall pattern is a Rising Wedge, but the price may still have potential to get back to the top of the pattern before it has a major drop. Additionally Shown: Ichimoku Clouds, RSI (relative strength index), Support and Resistance Trendline, and Volume 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
BITSTAMP:BTCUSD
by MillionaireEconomics
13
Bitcoin going strong! OOO NOT!Greetings from Amsterdam, Here a fresh update from the markets.. Zoom out and see the bigger picture.. Well that is quite simple; TRADING RANGE... Never forget the cycle of price in price action is; TREND --> TREND CHANNEL (bullish or bearish) --> TRADING RANGE --> TREND --> TREND CHANNEL (bullish or bearish) --> TRADING RANGE.. Repeat over and over.. What do i see from a price action standpoint?? Strong bearish candles.. TREND CANDLES.. the 2 ii pattern that is forming now (at the moment of writing) I interpret as a bearish flag and simply a pause in trend. With a tight bearish trend channel as it is now? what is the probability of a bullish reversal? Understand that 75% (!) of trend reversals fail!!! The pattern that is now forming, the bearish channel, is the result of a HIGHER HIGH MAJOR TREND REVERSAL + an attempt to breakout of a trading range.. Well 80% of breakout attempts out of a trading range FAIL! Personally I see the probability of another swing down more common/likely than a bullish reversal.. Never forget it is all about PROBABILITIES.. BUT if you would like to take a HIGH PROBABILITY trade this would be one.. What is high probability trade ?? --> more worse risk reward ratio because your stopp loss is above the high of the major move.. but the chances of winning the trade is bigger.. Feel free to like and share and comment..
by MoneyMakingMuro
3
BTC Bitcoin: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. The chart is self-explanatory. Bitcoin has the potential to move up with the RSI about to cross a key area. Stochastic RSI is oversold however it has the potential to stay in that region as shown in the prior periods. VPVR (Volume Profile) shows a key area of resistance in the same area of the Fibonacci Golden Pocket range (0.618-0.65). If price begins to move lower, keep an eye on the Danger Zone Support Line. Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension, Volume Profile (VPVR), Support and Resistance Trendline, and Volume. 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
1
BTC Bitcoin - Target For UpsideHello friends, today you can review the technical analysis on the 1M (monthly) log scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day chart. #CryptoPickk noted in the chart: 1) The price has been in a Parallel Channel since early 2013 with the price being supported on the bottom and top trendlines. 2) The Median Line of the Parallel Channel is extremely important as it has helped determine when a Bear Market has come for Bitcoin up until now. 3) The current price range is at a critical level as it was in September 2017 when the price broke below the Median Line but regained momentum and within a few months it reached an all time high with a blow off top around $19K-$20K. 4) Similarly if the current price can get back above the Median Line, there may be a potential for a Parabolic Run to the top of the channel at around $275K. 5) The targets were determined using a Fibonacci Extension tool showing the price in 2017 reached the all time high between the 4-4.618 Fibonacci level. Assuming this may happen again, the 4-4.618 Fibonacci level is around $275K range. It may be higher or lower a bit but around that price. 6) The chart and analysis is based on historical data trends and the price of Bitcoin does not need to follow that. It is extremely important to keep a close eye on the Median Line over the next few months. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
10
Bitcoin fresh reversalHello Everyone, Finally, BTC has made a move. Bitcoin has broken the falling wedge. This is a bullish sign with a target of the pattern 52k minimum. To make it simple, we have finally broken the bearish structures of the lower high, and we are now forming the first higher high after a month of bearishness. This is positive. However, the perfect sign will be for bitcoin to form a higher low in the short term creating a bullish uptrend structure. Considering the wedge, when the price breaks a pattern, it is usually the start of the first wave of a minor degree which will start the new impulsive wave. Hence I have highlighted my expectations with BTC reaching 60k before falling again back to 52k, forming a higher low of intermediate degree. Now, I plan to catch the move with the first retracement at 47800, laddering in the alts I was left behind. This also always comes with risk so I will set a stop loss. As I won't be entering with leverage, I will live the Stop loss a bit lose looking at around 45k. If that level is lost and this push comes short, it is a clear indication that the bears are in control. Please have a great Xmas everyone, looks like CryptoSanta is about to bring us some nice presents. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
13
Christmas HopiumI will be the first to admit I have missed some expected targets on the year so far. Many of us have. I like many of you am shocked to see us here at these Bitcoin levels approaching year end. Is all lost? No-Bitcoin continues to reward those who are patient. To all those who follow the Shark, Merry Christmas! We are right there on this Falling Wedge. I'm looking for a pop back to 53K that is the level where Bulls can get some momentum going. Let's look for this Christmas move we all want. Best to each of you. Remember ALL GREAT SUCCESSES ARE THE TRIUMPH OF PERSISTENCE. BRONSON-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
3