Bitcoin Overview (after drop)Hi,
Bitcoin is absorbing lots of attention now, and every discussion is full of fear. Every TA we've published about bitcoin finally came true.
Right now, although many uncertainties are in TA and the chart of bitcoin, the temporary conclusion of our strategy indicates a sustainable side-upward movement. Steady towards the last ATH (however not that powerful to reach the last ATH).
we prefer (or expect) another upward light slope in the chart. It's too soon to judge lower timeframes. we just gave you the big picture.
Follow to stay tuned and comment your question.
Regards.
Bitcoinusdt
Bitcoin – pump soon, be patient!Hello, everyone!
I told you in the previous analysis that you should not panic if you see this dump to $54000 – $57000. Moreover, I spotted the target price and time for corrective Wave 4 end. See the articles in the links below to make it clear.
If you look at the chart, now the price is inside the target zone. The global Wave 4 is introduced as the incorrect A-B-C correction. Wave A consists of 3 waves (a-b-c), Wave B – the same. Wave C has the 5 Wave structure (1-2-3-4-5). Now the Wave 5 is forming, we can see it because Wave 3 ended with the maximum value at Awesome Oscillator. The price will probably find the bottom at $54000 and after that we will see the global Wave 5 with the final target at least at $75000. Just wait and be patient!
This bullish scenario will be invalidated if the price fall below the $53000 (global Wave 1 top).
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
BTC Buy the dip.Bitcoin - Intraday - We look to Buy at 55704 (stop at 54788)
The medium term bias remains bullish.
Dips continue to attract buyers.
We look to buy dips. 55640 has been pivotal.
We look for a temporary move lower.
Bespoke support is located at 55000.
A bullish reverse Head and Shoulders is forming.
Our profit targets will be 58244 and 59144
Resistance: 57800 / 58300 / 59500
Support: 57000 / 55600 / 55000
BTC Sell the downtrend.Bitcoin - Intraday - We look to Sell at 58596 (stop at 59532)
Daily signals are mildly bearish.
Our short term bias remains negative.
Trend line resistance is located at 58800.
50 4hour EMA is at 58600.
Our profit targets will be 56026 and 55126
Resistance: 57000 / 58500 / 59000
Support: 56000 / 55000 / 54000
Bitcoin: Tight range expected - Buying dipsBitcoin - Intraday - We look to Buy at 56866 (stop at 55988)
Daily signals are mildly bullish. Trend line resistance is located at 58000. Bespoke support is located at 57000. We look to buy dips. We look for gains to be extended today.
Our profit targets will be 59387 and 60287
Resistance: 58000 / 59500 / 60000
Support: 57000 / 56000 / 55600
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bitcoin: We look to Buy a break of 59019Bitcoin - Intraday - We look to Buy a break of 59019 (stop at 57996)
Trend line resistance is located at 58400. A break of resistance at 59000 should lead to a more aggressive move higher towards 60000. A break of yesterdays high would confirm bullish momentum. Daily signals are mildly bullish.
Our profit targets will be 61878 and 62778
Resistance: 59000 / 59500 / 60000
Support: 57500 / 56500 / 55500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bitcoin- Bulls need 55.500-56k zone intactYesterday I was wondering if Bitcoin has resumed its bull trend and so for, from my point of view, things are not clear.
The rally started at 53k stopped in 59k resistance zone and now Bitcoin is in a pullback.
If this is a correction for 53k-59k rally remains to be seen, but as long as the price is under the recent low we can't call for a resumption to the uptrend.
On the other hand, if bulls fail in holding 55.500-56k zone intact, we can have a continuation to the downside and I doubt the recent support will hold this time.
I'm out from any crypto trade at this moment and waiting for clarification
ALTCOINS VS BITCOIN ? The Altcoins vs Bitcoin have been growing since early this year.
As we saw recently, money leaving Bitcoin is now flowing to the Altcoins.
Just as money flows from Bitcoin to Altcoins,
When the time comes for the Altcoins correction, Bitcoin will rebound very strong.
Things will reverse:
After strong growth the Altcoins will have a strong correction as a group and this can serve as fuel for Bitcoin to shoot up.
The Altcoins going bearish is a bullish signal for Bitcoin .
I have some ideas where is the next move so let's in our chart :
-we have flag (bearish one) so what i'm trying to say that if we didn't manage to break the sup line we will break out and going very bearish ...
-what will happen now we gonna see if it will resist the 53200 ! in my predection we will visit 48300 and maybe break it too (~42000)...
Please Follow and Comment your favourite coin and i will do my research about it
TheKing still on his TrendSmall quick update without any indicators.
- TheKing stays for now on his recovering trend.
- Bounced multiple times on that trend to reach 161.8% Fibo around 50,000$.
- i separated Bearish and Bullish zones in 2 parts ( Green and Red ).
- if BTC breaks down under 47,000$ we could starts some bearish movements, but for now nothing confirmed as it bounced on that area.
Next TP Zones :
- TP1 : 54,500$
- TP2 : 58,500$
Be safe and play wisely.
Happy Tr4Ding !
Bitcoin uptrend ideaBitcoin has been forming a nice uptrend since mid-July and and is making higher highs and higher lows. Don’t be intimidated by that correction. This is healthy for further growth. In my opinion Bitcoin could go as low as 50k and then continues to grow. But let's see if this plays out.
Bitcoin on Black Friday (second part)Hello.
I'm doing another Bitcoin analysis, complementing the first one (or correcting if that's the case).
Now I'm trying to be more simplistic and objective, considering the most recent scenario, and discarding some indicators that say the same thing.
1. Graphical analysis
High Channel
The price is testing the support line.
Now might be a good time to buy.
Moving average of 9-week lows
The price has been above this average since July 9, 2021, and now it's enough to test it for the second time.
My prediction is that it touches the mean and pulls back up.
Volume
Strong volume can indicate a top or bottom.
Volume is low at the moment, which makes it clear that we have not reached the top as the market is making no effort to move the price.
So a new historic high is yet to be discovered.
Fib Time Zone
Plotting the Fib Time Zone, considering the last bottom in March/2020 and the penultimate top in April/2021, we are exactly in the 0.382 zone.
If you consider a new cycle, we have a milestone date on 10/January/2022 at 0.5, and then 0.618 on 21/February/2022.
Fibo 1 ends on 25/July/2022, but until then there's a lot to roll.
What I think is important now is the next 3 months until February.
I believe that after that we will have the crypto winter.
2. On-Chain Analysis
Price Drawdown from ATH
The percent drawdown of the asset's price from the previous all-time high.
When the value is equal to zero, we have no drawdown.
When it is less than zero we have a drawdown multiplied by 100 (percentage).
This is always considering the last historic high.
When the indicator hits the top several times at zero value, it indicates a lot of profit taking.
And when it reaches a value less than -0.50, it indicates a lot of loss taking (a huge drawdown).
Since nothing lasts forever, either for good or for bad, this indicator serves to demonstrate the exhaustion of both sides, bulls and bears alike.
If we look at the historic highs of December\2017 and March\2021, we can assume that we are looking for a new historic high and more profits.
Total Transaction Fees
The total amount of fees paid to miners. Issued (minted) coins are not included.
High fees mean paying to perform a transaction at any cost!
So far we don't have an indication that the world will end up looking around here, so for now the scenario is bullish.
Hope this helps in some way.
Greetings.
Bitcoin Support Turned ResistanceA key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance, which is the case for Bitcoin right now.
59100 is the new resistance and we also have a strong support now at 54300.
I think the price will bounce in this area for the next days, until we see a decisive move.
Looking forward to read your opinion about it.
bitcoin bearish or bullish ? 1H TIMEFRAME :
BINANCE:BTCUSDT
As you can see in the chart, we have a descending wedge.
Basically, the descending wedge breaks from the ceiling. If we succeed from the ceiling, we can expect the market to be a bit balanced. It is too early to take a bullish view.
we Can Pullback to Breakout Event . But we must also consider the sales pressure that may cause us to continue to decline
The Bullish Divergence Should Support Bitcoin.Bitcoin has formed a clear bullish divergence on the daily chart, which suggests a correction to the upside.
The 4h forecast seems to be forming a descending triangle with bias to break to the downside, however recently many bearish formations broke to the upside so I would rather stick with the divergence.
Break of pivotal level of $57820 will invalid this forecast.