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
Bitcoinusdt
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 Retesting Support Corridor The last time Bitcoin tested this support line was around October 22nd. Now we'll see if it will find support above and truly BOOM to new ATH trajectories, or fall back down to spend more time gaining strength for the longer road ahead to $120k. What do you think is Bitcoin's trajectory this month?
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.
Bitcoin – correction is almost over!Hello, everyone!
Last time I did the article about Bitcoin analysis, I told that the bearish movement was anticipated, when the price was $65000. If you executed short trade you are in profit now. Today I want to warn you that the bearish move is almost finished. now it’s time to find the entry point for long positions.
Please, read carefully the articles in the links under this article to make the chronology of the BTC analysis clear!
Approximately one month ago I did the analysis, where said that the impulse Wave 3 was finished an the Wave 4 is anticipated. I calculated the target price and even time when the Wave 4 ends before the new impulse wave to the upside. Now the price is approaching this area!
In another article I supposed that Wave 4 is going to be A-B-C-D-E triangle correction, but made a mistake. The Wave 4 is forming as incorrect A-B-C correction. Wave C is almost finished, the end of this wave is the best place for long trades. In 1-2 weeks we will see the last Wave 5 of this Elliott cycle. Be patient!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Bitcoin- Yesterday's price action provides a lot of cluesIn my previous 3 or 4 analyzes I said that in order to maintain its bullish trajectory, Bitcoin not only needs to stay above 63-63.5k zone but also needs to decisively break above 66k. Both of these have failed yesterday.
BtcUsd has started the week in a bullish tone, and after reversing from 63k, tried to reconquer 66k, and, as we all saw, failed and dropped to 63k support. This support is also broken now and the outlook for Btc is bearish at this moment.
From a technical point of view, 66k is now strong resistance and 69 ATH is a major top in my opinion.
I expect a drop of at least 15-20% for this crypto and a visit to 52k support in the medium term.
I will look to sell rallies against 66k
BTC Likely to Find Support at $62kAs mentioned in previous chart, Bitcoin is likely to find support around $62k, but a lower test could be potentially possible in the short term as Bitcoin has fallen out of the trading corridor, just to return to it. I personally believe this is a buy opportunity.
Trade at your own risk.
BTCUSDT , Will come in buy zone because ...Hello everybody
We come back with another analysis of Bitcoin , and last analysis about Bitcoin exactly done and reach to our 1st TP
And in here at this time after fall down the price , the traders will have nothing to do because there is no sign for where we wanna go , and some traders that take long position before or after falling they put their stop loss at the bottom of the long shadow we shown on chart , and with high chance the price can come to our buy zone area because of to liquid the long position and to stop huntering the orders
You can take long position in future after the candle with long shadow make and the orders liquid and stop hunter is activate and after that take long position and put stop loss because there is market and verything can happen it .
Its not suggestion to buy or sell it is just analysis from different view and ... you should analysis and take position with your own strategy
This is the analysis from technical view and psychological analysis view
Previous analysis :
DONT FORGET USE STOP LOSS AND ATTENTION TO MONEY MANAGEMENT
Good Luck
Abtin
Bitcoin; a very bullish perspectiveZooming out is sometimes the best way to take away fear and doubt. Even a 52k Bitcoin in the first week of December wouldn't invalidate an uptrend. At the moment the 60 - 62k is acting as a strong support area. BTC is still above the middle band of the boillinger bands, and the RSI above 50 indicates Bitcoin is still in a strong uptrend. Let the short term noise doesnt fear you, long term still verry bullish!
BTC Sell a break setup.Bitcoin - Intraday - We look to Sell a break of 63987 (stop at 64818)
Short term bullish momentum has stalled.
A break of bespoke support at 64000, and the move lower is already underway.
There is no clear indication that the downward move is coming to an end.
50 4hour EMA is at 64400.
Our profit targets will be 61505 and 60505
Resistance: 65000 / 66000 / 67000
Support: 64000 / 63000 / 62000
Bitcoin just flash the strongest bearish signal!Hello, everyone!
We should pay attention to the bearish signal which was generated on the yesterday daily candle close. As you know the daily signals are very strong. This signal is true bearish divergence with MACD. We can see that the price reached the first top 20-th October 2021 and the second top was formed 2 days ago. The MACD histogram has the higher value for the first and lower value for the second top. The histogram entered in the negative territory between these two points. This is TRUE BEARISH DIVERGENCE!
We usually see the correction or crash after this. I don’t think that the major crash is the case, but the correction is anticipated. The signal became even stronger because of divergence between the price and MACD lines also. Be very careful with marginal long positions.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.