Bitcoinusd
BTC Retrace To 18200CBA to make the chart look nice and pretty, underwater right now on a few alts. I expect btc to retrace to the 618 fib which is also a heavy traded zone in the range. would say 18200 is a good bet. haven't changed my long term bias on market direction yet, I dont think the bottom is in, but i do believe its not a straight line either way, money to be made on these moves for sure.
$BTC BitcoinBTC Price Live Data
The live Bitcoin price today is $20,861.23 USD with a 24-hour trading volume of $36,611,886,617 USD. We update our BTC to USD price in real-time. Bitcoin is up 11.00% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $401,815,530,604 USD. It has a circulating supply of 19,261,356 BTC coins and a max. supply of 21,000,000 BTC coins.
What Is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Who Are the Founders of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.
Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
Bitcoin – last chance for bears!Hello!
Every time when my analysis go wrong I am trying to analyse what I did wrong. There were 2 mistakes:
1) I was right too often last 3 months about the market and I decided that I cannot be wrong. Thank you market for the cold shower which expalined me this mistake. I should cancel my trade when it went wrong.
2) I placed limit order instead of observing the market because it filled during the night. I was scared that will not enter at the best entry point.
As the same time I can praise myself for the excellent money management. This is the reason why this trade is not a disaster for me. Now I am going show you my new scenario, it’s always the same, but something was changed.
Let’s take a look at the 1D time frame of the WHITEBIT:BTCUSDT chart. I changed the wave 4 top to the $21500 level when the FTX collapse crash started. I decided to do it because the previous movement was too ugly to be the impulsive wave. $15600 was the end of the beautiful wave 1 inside wave 5. Now I consider the wave 2 end, which was represented as a zigzag correction. If you are not still in short trade you can use the setup from the chart. The Bitcoin now is testing the 0.61 Fibonacci retracement level. The majority of second waves reach this level before the reversal into wave 3. If the price will clearly break $20000 I am going to become the bull, because the bearish formation will be broken there. Promise you to become better. Please don’t hate me too much 🙂
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BTC/USDT ChartHi, if you can give me a boost I would aprecciate that!
BTC finally brokeup the descending triangle and is ready for another retest at the 17.9K area. The coin is above the EMA so I don't expect any big drops yet. I have been bearish for a long time, but now we might see an actual change of the market directions.
I have been gone for months because of college, but I want do a return while I'm on vacation. I want to do a stream on TradingView tomorrow explaining all.
Happy new year and I hope I see you tomorrow. I am sorry for being so inconsistent, I will try better in the future for sure.
Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame.
Be sure to try reading this post to get additional information about today's post.👇
According to the post above, Bitcoin is pulling back to the heavy support zone it missed.
The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone).
Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇
🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
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.
Bitcoin BTC price will try to start a growth trend in a monthThe past trading week was very hot. Many regulators of the world's economies summed up the results of 2022 and set priorities for 2023.
Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price.
Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement.
On the chart, we have depicted a fractal according to which the price may move in the next six months.
The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price
Then in late January - early February 2023 - a breakthrough impulse upwards.
Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea.
Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation?
It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend
After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life.
And if the market comes to life, then you can start pouring in money.
And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend.
And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!)
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Bitcoin is about to crash!Hello, my friends!
The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days.
Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3.
The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit.
Best regards, Ivan
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BTC Bitcoin Santa Claus RallyBTC Bitcoin tends to follow the stock market in price movement.
U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for BTC Bitcoin is $17340.
Looking forward to read your opinion about it.
Bitcoin / USD Long and Target will be 17950Bitcoin /USD trading in Descending Channel pattern. According to chart pattern analysis we might see upside in Bitcoin/USD towards resistance level of channel pattern at 17950. long trade can taken with stop loss as shown in chart.
trade with stop loss and own capital risk management.
views/opinions are welcome to discuss
This support looks legitlook at these two supports.
we can see a pullback on a very long dynamic broken resistance,
and also a decent pullback on a HV on volume profile.
next resistance without looking at waves and harmonics is on 19K.
this idea is not investment advise. so be careful. we have no support below down to the 14000.
Bitcoin – more pump, but crash will be anyway!Hello, everyone!
Last time I told you that we can anticipate another one leg up before the dump, I have even placed short limit order at $17080 . Today market gave me the lesson that it’s alive and we shouldn’t place the limit orders. When we place it we trade our convctions and desires instead of market. This is the violation of rule which Bill Williams gave us. To be honest I forgot that I placed this order before the weekend. Market was not volatile and I was scared that the desired move is going to happen during sleep. The current pump was stronger than I supposed and it has changed the local wave’s structure, but overall forecast is the same.
Let’s take a look at the 2h time frame of the WHITEBIT:BTCUSDT chart . I swiched to 2h from 1h because Bitcoin has printed more than 100-140 bars, which is needed for trading chaos approach. Wave 3 is obviously happening now becuase of the highest awesome oscillator value. The price hit exactly the extended wave 3 target of 2.61 Fibonacci extension. It means that market is ready for the corrective wave 4. I am going to fix the mistake I did and close position is the zero profit and open scalp long after that.
When it will happen we have to wait for the last wave 5 to execute short trade. The target for the entry point shifted to $17450 approximately, but watch out the market and trade it, not the convictions. I will tell you my actions under this article.
Best regards, Ivan
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Bitcoin: A Speculative Scenario to $30KHappy new year everyone. It has been months since I've last posted.
The bear market has been rough for everyone, including myself, and while I don't think we'll be headed towards a massive bull trend anytime soon, it might be too soon to let go of hope now.
In this post, I'll explore a speculative scenario in which we retest $14k before moving to retest $28k, similar to the move we have seen in 2019.
This post is not financial advice. This is for educational and entertainment purposes only.
Any analysis or prediction about the future price of Bitcoin should be taken with a healthy dose of skepticism.
With that being said, let's consider the following scenario:
Analysis
- I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'.
- According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k.
- This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k
- Eventually, we would peak around summer of 2023, with everyone thinking that the macro bull market has resumed.
- Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again.
- People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k.
Conclusion
What I have witnessed in the past year was terrifying. Lots of people who have made generational wealth (both through crypto and equities) from 2017 to 2021, have lost everything. By everything, I don't mean seeing -70/80% losses on their accounts. I mean literally seeing nothing but 0. These were people who we thought have 'supposedly made it'. We can even take the case of the whales who had deposits on FTX. Of course, there were small retail investors who have lost their humble earnings, but there were also individuals who have lost millions on FTX. The market is the great humiliator, and will take from the impatient, and transfer wealth to the patient. Don't forget that there's always plenty of opportunities, and that more likely than not, you will have a chance to buy cheap Bitcoin - cheaper than you've ever anticipated. Stick to the plan, and make sure you accumulate assets of value. As to what is considered 'valuable', is something you have to ask yourself.
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Bitcoin Volatility All-Time-LowBitcoin's volatility is currently at an all-time-low meaning we haven't seen major price changes in a very long time. This is incredibly rare for a very volatile asset such as Bitcoin, although the uncertainty in the markets fueled by recession thoughts is the likely cause of this.
Bitcoin Cup & HandleBitcoin is forming a cup and handle pattern on the Daily chart, and is currently close to breaking out. Although we can't know for sure if it will break to the upside or downside, Cup & Handle patterns are known to be bullish, therefore, the potential bullish target is available on the chart.
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed of all the fun non word noises.
Still not convinced of the bottom is in, and here is why!
Bitcoin – my insane short setup!Hello, everyone!
Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because I am going to show you the sniper short entry on Bitcoin. Let’s go!
We are using 15 min time frame of the WHITEBIT:BTCUSDT chart because we want to see the local picture. On the 1h BTC is printing wave 5 and now we have the purpose to catch the very top of the wave 5 inside the wave 5 of higher degree. Using our favorite awesome oscillator we found the the wave 3 top. It coincides with maximum AO value. Now the market is in boring wave 4 which has the most frequent target between 0.38 and 0.5 Fibonacci retracement. If you are intraday trader you can use this information to open scalp long.
My purpose it to find the wave 5 top. First of all let’s take a look at the wave 3. It has almost reached the 2.62 Fibonacci extension. It means that it’s extended, that’s why wave 5 is going to be ordinary. Therefore wave 5 has two targets: $16983 if it’s trimmed, $17056 if it’s normal. How to define the trimmed wave 5 before it happened? To be honest I don’t know, it’s tricky task. I can only consider the underlying structure on 5 min time frame.
Which trading plan do I have? I am going to place limit order at $17056 and if I will see the weakness next to the $16983 I change the entry level. I want to remind you that the target for this short at the $12-14k.
Best regards, Ivan
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