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Bitcoinusdt

BTC non-bullishFor me BTC is at best neutral. I would not consider buying it befor it breaks above the orange resistance trendline. Even if it does I would not expect an immediate price explosion (maybe 50% to 30k but then a retest back to ~22k. That is when I would first buy it. I can also imageine a few months of sideways action. I can see a bear flag forming on multiple timeframes - even up to the monthly level now (which this chart represents). This, combined with the orange resistance trendilne and the fact that the 2017 top at ~19.800 was a weak level (only a wick reached it then it was easily broken through on the first try), I would say that a convincing retest would occur for me somewhere between 10k-13k. At least that level made price react on several occasions. That makes it a more valid support area for me. As we are heading deeper into the recession (recent CPI data shows an increasing inflation, uneployment rates started to rise, winter is coming in Europe, energy prices are still hectic), I do not expect people and institutes to start large-scale spending just yet. I am sure, if we survive the following months maybe few years, the market will present us with some buying opportunities of a life-time - or at least for the following decade.
COINBASE:BTCUSDShort
by LaiChee81
1
New range forming on Bitcoin for LTFSo yesterday I posted an idea that said BTC PA is showing bullish weaknesss and may set the precedent for a new drop. (Idea is linked as related idea below.) Reason why I said so was that there was an absence of any significant buyer reaction following the big drop we had the day before. PA was just weakly crabbing, with buyers showing a complete inability to overtake sellers enthusiasm. Overnight (I'm in EU) this drop did take place. (Sadly, my TP was missed by a millimeter - but that's irrelevant to my point here ;) ) Point being is that we are now seeing the strong buyers reaction that was absent yesterday. I think this is indicative we **may** be seeing the formation of a new LTF range. I indicated the range in blue, the resistance zone in red, the support zone in green, and possible deviation levels as thick dashed lines. It's very early to say that this will indeed be the range for the coming time. We need to see another high rejected at the level, and another low supported at the level for strong confirmation. And remember that Mondays and Tuesdays can be deceiving. However, for now I'm using this as a main orientation for as long as it is not invalidated. What is particularly important to watch out for today is the reaction of the price once it hits the bottom of the range. **If** it reacts strongly (which, taking into account the first reaction, I think it is more probably than not that it will), I think range is confirmed, and we can play it. NFA, but I hope it is helpful.
by mapav
Update for BitcoinIn my previous analysis, we closed most of our shorts in enormous profit, and opened a long. I now see some bearish signs, so I advise either closing the long in profit right now and shorting, or hedge a short and keep the long open as well. This is a scalp trade, however if we continue the downtrend and break the local support at $20.8k - $20.9k then it can turn into a longer term swing trade! RISK: Medium/High ( be careful!) Risk to Reward: Excellent Keep the short's Stop loss at $21,4k$, or slightly above! Short term targets are the support at $20,8k - $20,9k, if we break these I will post an update with more Targets! Remember to follow me for constant quality market updates, for the price of $0.00!
Short
by MarketAnalyzerFX
BITCOIN 4h BTCUSD Update - by DeFeyeHappy Wednesday Traders, Investors & Gamblers Bitcoin is currently sitting re-testing the previous resistance which is perffectly in line with the 78.6% Fib. level of the retracement from the previous rally. A bounce here is vital to continue with the higher low on the mid TFs where its also vital to continue with a higher high in order to avoid a break of the current uptrend structure. (see below 👇) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by DeFeye
7
BITCOIN Trend At Risk! - (1D BTCUSD)Happy Tueday Traders, Investors & Gamblers This is an update on the BTCUSD 1D chart and a follow up on my previous posts and tweets about the current trend within the ascending channel which Bitcoin has been forming since June. (See Post Below 👇) The Key area is of course the one marked in yellow between 23.850$ and 23.400$ a break above or below will result in a re-test of the ascending channel resistance or support and potentially a breakout which would mean that we will see new local highs in case of a breakout to the upside and potentially new macro lows if the range breaks to the downside. For a break from the range we would need a significant increase in volume which is the key indicator to keep an eye on when Bitcoin gets to the 25.000$ or 20.000$ range. The targets to the upside are marked by the horizontal lines above (28.500$ - 31.800$) With the upper one being the line in the sand for a trend reversal on the larger TFs. ( See post on weekly chart below 👇) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by DeFeye
BITCOIN Historical Setup! - by DeFeyeHappy Weekend Traders, Investors & Gamblers Circled in Yellow you can see the LAST and ONLY time EVER, BTC had a fake-out above the 200w SMA back in August 2015. That was also the only period where Bitcoin spent multiple weeks below the 200w SMA. This is THE thing to look out for in the $BTC charts today! As you can see here below 👇, we are in a very similar situation right now and it is key for Bitcoin to at least stay above the moving average on a weekly closing basis to avoid a re-test of the current range lows, or even further downside. Also make sure to check out my post from August 5th (see below 👇), where I went into more detail about the bullruns that followed whenever Bitcoin confirmed support above the 200 week SMA after falling below it (3 occasions total) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by DeFeye
A possible short positionHi, in the current area, (yellow box), any sudden drop that leads the price down to the buttom of the yellow box (that might be with a bearish hammer candle for instance), can trigger the weakness of daily time frame to lead the price down to lower deeper targets (somewhat unpredictable). so plan to risk free your positions with stops on the specified line. but, there's a long opportunity for it too. its in the next idea we're going to publish.. good luck.
COINBASE:BTCUSDShort
by Finnovin
What is the Best Price for Buying BTC? Does it Worth Buying?Since BTC is not an asset or any reliable currency there is nothing I can be sure of. But, with simple Elliott waves and Fibonacci numbers, we can see that 13K and 17K are the best prices for buying BTC. (BTCUSDT chart is saturated in the daily time frame as you see in the published chart) The problem is how long you should hold your new BTC. Now, let's think with our simple logic. As you know, interest rates are rising along with inflation in the world. So, high-risk markets including cryptocurrencies are definitely affected by these conditions. I personally think you should buy BTC in 17k with 15% of your investment money (cryptocurrency investment) and then buy 30% in 13k. If I were you I would hold my second buy until BTC reaches about 60k and sold the first buy on the highest point. (However, before selling, it is important to analyze the economy of that date whenever it wants to be) With all of these things said, it is worth the risk but not more than 20% of your entire investment money on stocks, forex, and crypto. If there is anything that you think you can add to my published post, please leave a comment.
by AregBabayn777
2