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Bitcoinusd

Bitcoin Important Update CRYPTO MARKET UPDATE BY TEAM TENUP Pakistan Time: 06:06 AM Bitcoin support levels - $16,300 and $16000 strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $16,800 and $17,000 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) ——————————————————————— Analysis: BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle RED at $16,598. Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.
by Waqar212
1
Bitcoin will pump before the final bearish move!Hello, everyone! As you know I wanted to catch the bottom of the local wave 5 on the Bitcoin, but this wave as I can see was shorter than I suppose. Now it’s obviously that the market started the upside correction to $18k and we have to find the low risk long trade now. Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. The price have already finished it’s wave 3 of any order, it does not matter now for us. We can conclude it because of internal waves structure. Sub wave 5 made just a squeeze below the sub wave 3 bottom and the Bitcoin broke all local critical levels to continue this wave 5 to the downside. Consequently, market started the corrective wave 4 of the higher order to the upside. I consider ABC zigzag. Wave A has been already finished. Now it is time for the wave B. It usually retraces to 0.5 Fibonacci level, approximately $16200. There I plan to open long position with the target at 0.5 Fibonacci level for the higher order impulse wave. After reaching $18k I expect the new and last crash in this bear market to fulfill my bag with the Bitcoin and different altcoins. Best regards, Ivan
Long
by Skyrexio
15
BTC All Time High February 2012 - Why NO Double TopWhy i dont see BTC to Crash soon Some of the Traders see a BTC double Top which would lead to a blow off and Crash. So lets try to disprove this view: - Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher. - BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue. - Support: It looks like previous (2017/18) ATH is support now. - Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top - Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC - Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
BITSTAMP:BTCUSDLong
by BTC_maximalist
1
This might changed everything for Bitcoin!I know it's a messy chart but lucky we have to focus on just a few things! As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish. For Bitcoin we have a few levels to watch closely. First the key levels to watch if we want to see upwards momentum: •16.8k •17.5k •18.6k And some key levels for the downside: •15.8k •15.5k •14.8k The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window. Trade safe!
by Mynameisnotrelevant
1
Bitcoin is HOT as the HELL!Hello, everyone! Last time I told you that the “triangle” which a lot of traders mentioned it their analytics is just the wave 4 which is represented as the ABCDE correction. The end point of the wave E I marked on the chart. The following dump was just the question of the time. Current dump is the wave 5 and I suppose that the sub wave 3 of this wave have just been finished. I considered this because the price have reached the maximum target for the wave 3 if we take into account waves 1 and 2 structure. 2.61 Fibonacci extension is the maximum target zone. Now I expect the corrective wave 4 to the $16200. This is the target zone also because of Fibonacci 0.5 level and the wave 4 top of the lower order. I closed my short at $15750 and will re-enter it at $16200. After reaching this target we can expect the wave 5 to $15k and there we can buy Bitcoin on spot for the potential bounce. I will tell you about the targets for this bounce in my next analysis when Bitcoin come to this point. Best regards, Ivan
by Skyrexio
13
BTC/USDT - Are We Actually Headed Lower? 🔮Looking at the Bitcoin Weekly chart, we point out a few key ranges. 📊 The first being the astronomical money-printing fueled pump back in 2021. This range is the backbone of why most, us included, are so bearish on Bitcoin and crypto in general. At least in the short term (we're bullish on crypto very long term). Thanks to the FTX circus, we've just recently broken down the May-Nov range that we were crabbing along in. 🦀 We've mapped out where we think we can fall into - $11-15K. Essentially just above the pre-pump resistance level of 2021. As we type this out though Bitcoin is trying to hold $16K, however the fallout of FTX is likely and already has taken down other huge players in the space. 🥶 Combine that with the current macro situation, and it remains difficult to be bullish over the next 1-3 months.🐻 Ultimately, the fate of Bitcoin dumping to $10K, or ranging where we pointed out around $11-15K is up to the SP500. If equities nuke down, then we're likely headed to goblintown in crypto for quite some time...👺 Let us know your thoughts! Think we're crazy? -TucciNomics Chief Overlord, AlgoBuddy
BITSTAMP:BTCUSDShort
by QuantVue
BTCUSDT ANALYSIS , 1 WEEKI shared a general scenario of Bitcoin with you I hope you like it Bitcoin is in a downward channel In this downward channel, there are two main supports to prevent Sharpie from falling, which I have marked for you with a blue dashed line I drew the general scenario for you, there is no need for additional explanation I think after we hit the top of the descending channel, we will have a Sharpie drop to the super important $6,000-$5,500 area, and then we will have a super bull market up to $200,000.
Long
by PouyanTradeFX
7
Bitcoin – triangle correction has been completedHello, everyone! Last several days the Bitcoin is staying at the same place and I can see the contradictory in the analysis from the influencing traders. As usual after such huge crash a lot of bulls have been activated talking about the bottom at $15600. Wave theory and trading chaos tell us that it is not true. Total disappointment is about to happen next couple of months, but today let’s consider the current triangle correction in details. I want to remind you that after impulsive downside wave 3 the market started it’s corretive wave 4. I have already assumed zigzag, flat correction, but last time I finally concluded that we faced with the triangle corretion ABCDE. Look at the chart how these waves are divided into zigzags abc. As I can see the last wave E have been already finished and now the market started the wave 5. I expect the dump to at least $15k at the new weekly candle open. Best regards, Ivan
Short
by Skyrexio
22
BTC/USDT - Is History Repeating? 📉🔮Taking a look at 2 charts on this one. The left being right now, and the right being end of May into June when crypto took a significant nosedive.📉 We can see that the two charts are eerily similar. We've experience a double top at the 16800-17100 resistance. The last time we had a double top at a significant resistance level, we had a drastic drop to the downside. Now, does today's price action guarantee we'll see another leg down? No. However, given the current macro situation, Bitcoin's weakness as equities pumped last week, and the lack of trust & credibility for the industry after the FTX collapse...it sure seems likely.🥶 Like we've stated in previous posts, we're leaning towards another leg down and a push towards $10K. If we get there, we'll look to scoop up BTC, ETH, and other strong alts for longer term HODLing. We shall see. -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
3
Bitcoin has just fooled me!Hello, everyone! Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us. The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural correction for triangles. Triangles usually happens in waves 4 or b and we have the wave 4 now. I considered flat correction but in this case we have to see the impulsive wave 3 to the upside inside wave c, but we still did not. I think that BTCUSDT is about to form d and after that wave e before the wave 5 to the downside. I decided to re-open short (at the same level where I closed it) and wait for the minimal wave 5 target approximately at $15k. Best regards, Ivan
Short
by Skyrexio
17