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!
Bitcoinusdt
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.
BTC/USDT - Showing Weakness 😬With Bitcoin getting some decent rejection at $17K, overall sentiment is looking quite bearish for the king of crypto, and crypto in general to be honest.📉
FTX shenanigans aside, Bitcoin showed weakness as Stocks pumped like crazy for the 1st time since 2020. 🥶
Looking at the BTC/USDT 1H chart, we've mapped out a short term range from $15-17K we can see Bitcoin bouncing around in.
However if we break 15K, which we think is quite likely as we're macro bearish atm, then it could be look out below for all of crypto...🤯
With the latest Russia / Poland news, the worlds seems to be on a knifes edge - which implies the same for markets. At least that's how we feel.
Right now capital preservation is key, so we'll be watching from the sidelines eyeing decent setups.🍿
-TucciNomics
Chief Overlord, AlgoBuddy
Bitcoin Bearish Flag PatternsHello Traders,
Farid here. I have been trading stocks since 2017 and later got into crypto.
This is my first video analysis on Tradingview (hopefully not the last one), hope you enjoy watching my analysis.
Please drop a comment in case you agree or disagree with my analysis and don't forget to hit the Boost button )
Good luck and trade smart! (not a financial advice)
BTC Bitcoin BUY opportunity! (Log) Had to Re-Publish due to my log chart moving my trend lines in my previous idea...
Orange circles - Areas of interest, where to accumulate and buy.
Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term technical analysis .
220'000 / 8'000 to 12'000 = 27.5x to 18.3x ROI. (Or 2'750% to 1'830%).
Even if we go up from 14k region we will still enjoy hefty returns, at least 10x from here.
Average Sentiment Oscillator still confirms that Bears are in control, that orange area is being looked at for a potential cross-over of the blue line, which indicates that the bulls will be in control.
RSI is at its lowest and all sentiments are indicating the bottom may be near.
Can we break this or is 14k in place?!As we see this descending triangle on the daily time frame forming we have a clear scenario what's about to happen.
We can't give a clear price and date when we will break it. The prices set are just indicators. But it is clear how we can play it and that we can expect approximately 14k if we see the next leg up getting rejected.
But still anything can happen if bad or good news will release in the upcoming weeks.
Trade safe.
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them !
- So if u went in around 19k+, you had already a great deal.
- Now if you didn't board the first train. i suggest you to wait.
- i don't show any indicators to keep the chart clean.
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Trading Parts
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- we are reaching a particular zone, so be cautious ( bears or bulls same )
- Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator.
Buy Zone : 21,150++ (DCA)
TP1 : 22,500
TP2 : 24,900
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Happy Tr4Ding !
$BTCUSDT BitcoinWhat 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.
BTC USD ( Pls read)i told you
I have a chart you don't know, the chart where whales are trading. According to that chart and my analysis, the bottom of bitcoin will be found in December at the latest. They stole our pants because of the stock market wars. The market organizer is doing a great job, I congratulate him wholeheartedly. Both short and long emptied everyone's pockets. Now the exchanges will raise bitcoin with the money they receive. Remember, in the market, on youtube, on live broadcasts, on the forums, when everyone says we sank, fell, finished, bitcoin starts to rise unexpectedly like Santa Claus entering the chimney. There will be a bottom in a very limited time in front of us, if anyone has cash, definitely collect it gradually from the green place I have shown on the chart, because bitcoin will not fall that far again. Thanks to the young CZ, we fell down early, thank you very much, we fell fast without crawling. Remember, no trend lasts forever. Rising fast falls fast, falling fast rises fast.
BTC/USDT - Key Zones To Watch 👀In the wake of one of the craziest weeks in crypto history, we look at the BTC Daily chart.
There's 2 zones to keep an eye on in both the short & mid term.
That being the $16-20K we find ourselves in now
And the "doomsday" zone of sub-$13K BTC.
We have to consider just how systemic the FTX situation is with the amount of assets they might have pledged as collateral via Alameda.
Combine that with an overall bearish macro situation, that doomsday zone sounds evermore likely.
Nonetheless, we will always remain LONG TERM bullish on crypto, however in the short term we'll be eyeing some nice scalp/swing setups, along with great HODL entry points for longer term investing.
Either way - keep your head on a swivel. Crazy times!
-TucciNomics
Chief Overlord, AlgoBuddy
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX.
This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌
Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝
We're looking for a local bottom around $14-16K.
Still a volatile week ahead with CPI and elections finishing up.
Stay safe and eyes peeled! 👀
Bitcoin , Btcusdt Bitcoin support levels - 20500$ and 20000$
Bitcoin resistance - $21,100$ and 21,900$
Market depends upon Bitcoin movement so trade carefully with risk management.
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Bitcoin tried to break the 21,100 but got a rejection . A candle closing above this value could start a Bullish momentum.
Tomorrow is the weeky candle closing and bitcoin showed amazing movement this week .
On-chain data shows the Bitcoin exchange inflows have spiked up over the last day, something that could prove to be bearish for the price of the crypto.
Bitcoin dominance is going down which was the reason altcoins performed better than bitcoin.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.02T, a 0.21% increase over the last day.
The total crypto market volume over the last 24 hours is $85.82B, which makes a 0.51% increase. The total volume in DeFi is currently $4.67B, 5.44% of the total crypto market 24-hour volume. The volume of all stable coins is now $76.38B, which is 89.01% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 38.93%, a decrease of 0.14% over the day. That's why altcoin pumps
Spot Bull & Bear phases thanks to the USDT & USDC Dominance 🎯By using Technical Analysis on the USDT.D + USDC.D chart, compared to the Bitcoin chart, it becomes easy to spot Bull and Bear phases, let's have a look :
What we can see :
- Thanks to this parallel channel we can see that every time the USDT/C dominance reaches the top of the channel, Bitcoin starts a new Bull movement. And every time the USDT/C dominance chart reaches the bottom of the channel, Bitcoin starts a new Bear movement.
- As you can see, sometimes it did not reach the top or the bottom of the channel, BUT the Tenkan and the Kijun can give you the directions!
What we can expect :
- Next bull movement for Bitcoin is gonna happen once USDT/C dominance loses the Tenkan + Kijun and breaks the median line ! On the other hand Bitcoin must regain and close above its Tenkan.
- Always remember that Technical Analysis has its limits and the macroeconomic events must prevail over all analyzes, for any asset class! Ask Putin 🥲
Good luck traders, may the crypto be with you 🍀
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