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Bitcoinusdt

Bitcoin good setup for uptrendIn the hourly timeframe, the Bitcoin is showing correction signs for at least the next 12 hours: 1) Bullish Divergence 2) Bullish Inverted H&S 3) Strong Support at 29200 4) Many engulfing green candles starting from the support line 5) Buyers coming in and pushing the price up despite the big red candle at the left MA Cross (green dotted hairline, A big movement in this area) 6) Trendline counts as another support 7) The hourly 9ma crossing above the 21ma is even better. A continuation of the last uptrend is highly likely. We will retest the 31000 line and if we break through it, we may see the 32199 which is a bit hard to go through. In case we pass the 31000 resistance and get rejected at the 32000 one, we may go sideways for a long while. This is not financial advice. Please do your own homework.
Long
by Casablanca05
LONG-TERM BITCOIN PROJECTIONHi Guys We have possibly hit the bottom and here's an idea you may find very interesting that could predict a rough route Bitcoin could take to see new ATH's. THE LONG ROAD AHEAD First off the chart: KRAKEN; WEEKLY; BTC vs USDT. The red, yellow and green lines represent areas of support and resistance. The pink dotted line represents a 50% price point between the ATH and the recent low (possibly ATL for 2022). Th blue horizontal Line represents the lowest weekly close since 2021. The White lines represent a price projection. Unless you've been living under a rock, you would of heard about the Wyckoff Approach, which outlines how massive financial machines buy up or sell off assets. I found an interesting Reaccumulation Schematic. (See Reaccumulation Schematic 2 in the website bellow) halotrader.medium.com This schematic shows very similar price movements (so far) with the weekly price action of bitcoin. Not 100% of course but similar enough to compare. I traced the exact lines onto the chart and came up with this scenario. I'm 100% confident the exact lines will NOT be followed but COULD be a helpful guide to judge price direction. Please Like if you agree and comment with your thoughts. Many thanks, Casey DISCLAIMER: NOT PROFESSIONAL ADVICE.
Long
by cmpkpersonal
1
Bitcoin: Head and Shoulders, ticket outThis could be our ticket back to long Bitcoin positions. (Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position). BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for everything except Monero and some other privacy coins. Which makes me incredibly happy, but that's a topic for another post. Good luck and Godspeed everyone. 🫡 ♠️🤫🐿
COINBASE:BTCUSDLong
by FutureAmericanExpat
1
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit. Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is. My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k. THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA. If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels. If we are no longer in a range, keep your stop losses tight and your risk management in order.
by nicolapolitopoulos
8
BITCOIN PossibilitiesBitcoin has been printing bearish momentum for a long time and 50 SMA will be crossing 200 SMA for the 3rd time in Bitcoin price action history. This ended up with brutal downsides in the past and .618 Fibonacci retrecement is waiting for us which is very well respected since December of 2020. If that Fib level can hold, it might be an epic bounce and we might some more bullish momentum by summer. If that .618 Fib Zone can NOT hold, we might possibly see some more downside. I will be voice recording this idea to explain better than writing. Best regards,
BITSTAMP:BTCUSDShort
by Senturko
Bitcoin won't see new ATH this year!Hello Traders, The chart says it all, but please read the below info: Bitcoin has experienced three significant rallies in the past. The second one took almost three years, and then we were in a one-year correction phase (almost ~-85% down from the previous ATH). The third rally took the same time frame (considering $69k as the top). If the history repeats itself, we are in the one-year correction phase since $69k, and it's not finished yet. As you see on the chart, Bitcoin always respected the 0.382 Fibonacci level, one of the most common reversal levels. Bitcoin has not touched that level yet. There are two probable scenarios now: 1. Consolidation between $30k-$50k until Nov 2022, then the new three years rally will begin. 2. Consolidation between $30k-$50k until Oct 2022 plus one-month downtrend as last buying opportunity below $28k and probably close to 0.382 Fibonacci level (~$22k) then the new three years rally will start from Dec 2022 until Oct 2025. Based on the previous cycles' length and data, this is the most logical outcome. Please note all estimated timeframes may change because of unpredictable external and internal factors. Please hit the like button if you agree and share the chart. Thanks.
BITSTAMP:BTCUSDLong
by ir0nhand
BITCOIN - DID WE BOUNCE?BINANCE:BTCUSDT Quick update on BTC's price action. Seems like the higher lows structure doesn't want to give up and despite the FUD in almost every market BTC remains neutral. Right now everyone's watching the area around 39 000 = my yellow support line. Once we break it I will exit all my long positions and flip bearish for the next two or three months. My MFI is not yet oversold on the 4H but there's been a strong support zone established at the 39 - 40 000 level. Let's have one more bottle of that hopium. Stay blessed and have a nice day.
by chopswag420
BITCOIN IS GETTING SQUEEZED Here is what I see going on with bitcoin. On the 4hr timeframe, we are currently seeing resistance at the 200 ema as well as the ichimoku cloud. The price action is above the ribbon but under the cloud and 200 ema so the price is getting "squeezed" between the resistance/support. 1) Im leaning more towards move #1 but with low confidence. This is based on the green zone of support giving us higher highs almost every time we test it. 2) BTC has some pretty serious resistance ahead as marked by the ichimoku cloud as well as the 200ema. This area also lines up with the EMA spread on the daily chart, of which the price is currently under. It is worth a note the spread on the daily isn't very wide so we could break this with ease depending on how strong the next move to the upside is, if we get one. 3) If we do reject here, and we get sent to the bottom of this green box, outlined with situation 2, I believe we will likely find support at it as when we've tested it before it was a quick wick down. The only problem then is we would have quite the rejection from the 4hr ichimoku that would set a lower low. If this happens we could be entering a new downtrend as the ichimoku only works well in trending moves 4) As always this is not financial advice and always do your own research before entering the market.
COINBASE:BTCUSD
by MarketM8ker