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BTC/USD (Found Weekly Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin printed its 1st green candle after the strong sell-off -The price found support at a previous weekly key area -This is a good sign of strength as the bears failed to create lower lows -I'm not saying BTC will no longer dump or trade lower -But the probabilities to see a good upside pullback increases -If the bulls will attempt to push the price higher -I think 45k-49k dollars is a strong resistance area -So if you are looking for a buying oppurtunity -Please make sure to have a trading plan -And an exit strategy if the trade becomes invalid -Have a nice trading week everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
16
BTC: Rapid crash to 7700 is possibleAfter *every* previous ATH, Bitcoin returned to the bottom line of its well-known, 12-year, parabolic channel. (Many posts on this. Search for “BLX”.) Usually this return is painfully slow with the low marking the beginning of the next multi-year rally. This chart shows some unusual TA in the form of radial lines (labeled “a” thru “d”) that draw attention to Bitcoin retraces that became increasingly steep over the past 4+ months. Were one to draw the next line (“e”) through the current price action, it would be nearly vertical. This suggest a rapid, major fall in the near future is possible. Should this fall touch the bottom of the 12-year parabolic channel, the price would be $7700 ± $300 and such a fall would be the steepest major retrace in Bitcoin’s history. Another bearish indicator just went off: Bitcoin's 24-hour volume on Binance (the largest Bitcoin market) just fell below $39B. The lowest level in years. The calm before the storm? Background: This April’s ATH of 64,500 was unusual in several ways: 1. It was premature, failing to touch the upper line the 12-year parabolic channel. 2. All previous ATHs were sharp mountain peaks in shape. This one was a slow, 4-month-long round curve. Warning! Conspiracy theory ahead: Might this unusual, slow turnaround be the results of persistent computer-driven trading (funded by powerful bears) taking advantage of every weakness (24/7) found in the trading books of the major exchanges? Nothing I post should be construed as trading advice. Stay safe! Bullbearish I'm a Bull, but Bear happens!
Short
by Bullbearish
9
If Bitcoin is in a bear... How low could it go?The truth is that currently 1) BTC has tested the 300 DMA almost twice and 28-31k more than 5 times which makes support weaker 2) It has lost the 200 DMA 3) It lost its 42k Jan ATH and it turned back into resistance 4) Usually when a correction is larger than usual it means it is over. We went from 20-31% corrections to 55% which is not good. There are other things too, but these are the key ones. Below I have tons of charts based on where we could be heading. Usually 70-80% corrections are more than enough for this to be over, and it could dip very very quickly. This doesn't have to be a very long bear market, however due to the amount of leverage in the market it is possible that we have a major crash and then slowly go back up. Usually in the bear markets the market usually goes all the way down to the key untested levels (you can call the gaps, voids, inefficiencies or whatever you want). But most of the time these act like magnets and as support when the price visits those levels. We can see how Bitcoin has reacted in all the previous bull markets. In 2014 it pulled back below its April 2013 high and tested some levels there and at the April 2013 crash it revisited multiple untested levels. In 2018 we didn't have many of those so it was a different bear market, but in 2019-2020 we had a drop down to 6400 which was very important and then crash down to 3.8k. 3.8-4.2k was a very important level because it was where the run up begun + was a massive resistance that turned into support + S1 pivot + Volume profile high volume node + 234 week moving average (1638 DMA) which was also the bottom twice in 2014-2015. The last one is a very important moving average along with the 200 WMA (1400 DMA) from which the price has never really closed below in on a weekly timeframe. Now most gaps on CME on the actual chart are at - 24k, 20k, 17.5-19k (gaps only) and the best area which tons of support because of old resistance levels, the weekly moving averages and being 80% below the ATH is 12-14k. So if this is more like a mix of June 2019 and April 2013, we could expect to see the price go that deep. In my opinion Bitcoin is already undervalued, but I wouldn't be surprised if we see something like the Boeing chart. Big drop, flush all the leverage and then go much much higher. The thing this time around is that we went too high too fast in a very weird way as retail, companies and institutions rushed in but the whole market was in a weird state with Covid, QE and so on. Maybe the bottom is in and if we go above the 200 DMA I will become bullish again... but until then I am cautious because this looks more bearish than bullish. s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com
COINBASE:BTCUSD
by BitcoinMacro
1
BTC/USDT (3D TF 100MA Key Support?)💎Technical Analysis Summary💎 BTC/USDT -After the recent strong selling on Bitcoin last week -The price may have found support at the 31k dollar range -This area is a confluence of previous swing support last January 2021 trading -Also, the 100MA perfectly coincides in this area which gives an extra level of defense -Now, the big question if the Bulls can hold this area in the coming days or weeks -Because if it does, I think we will have a higher chance to retest the previous support -But if the Bears can steal this game, a deeper push to 25k-21k is on the table -Guys, be careful and always have a proper stop loss -As the market volatility is high, Reduce position size if possible ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` If you need help/advice don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 ``````````````````````````````````````````````
by PolarHusk
26
Hopium 1.0Hello, my beloved desperate souls, treading the orchards of this fiery battlefield. Fibonacci retracements measured from a previous bottom to a previous top have always signaled a dump to the 1.618 level in the ongoing run. This terribly amateur chart is your last hope of the day; the lone Gandalf holding the bridge; the last gasp for air before the inevitable demise. It's like a knight cantering on a white horse at the light of dawn, before an arrow whizzes by and hits his knee. It's as delicate as ice-cream, which melts at the first sign of your internal stroke. Thank you for your participation in the cryptocurrency experiment.
INDEX:BTCUSD
by SomebodyYouUsedToKnow
1
Classic 5-3 Elliott Wave pattern on the daily chartSo what I am seeing is that bitcoin has done a 5 wave impulse to the upside since breaking out from its ATH in December 17th of 2020. It has now been followed by a typical ABC pattern correction. The bullish scenario would be another 5 five to the upside (This happened in 2017) The bearish scenario would be a macro trend reversal for more downside to come. It is not yet clear if the C wave has found its low. But the low is in line with a classical Elliott Wave correction. EDIT: The support seen is a trend-line drawn from the crash in March of 2020. It has now been touched for the third time.
BNC:BLX
by TheAlias
BTC/USD (32k Weekly Key Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin weekly swing top has been set at 64k dollars -The recent dump touches its weekly strong support zone -We can see a bullish rejection near the 50W moving average -This is a good sign but still not enough to push the price back above -I think we will trade below the 40k or low 40k zone in the coming days -Expect high volatility so please use proper stop loss location and risk management -Some info is in the chart kindly check above -Thanks all for the support! keep safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins Dinore 🙏🎉 `````````````````````````````````````````````` If you need help/advice don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
15
BTC, could you please tell us where we are now?BTC, could you tell us where we are now? What is the big picture. If we look at Bitcoins all time history in BLX chart, we can find trends and similarities. This situation looks like very similar that we had in 2013. I believe that we are now half of way in Elliot waves five wave sequence first wave. This price is also corrective wave 2. bottom. Now we are putting some concrete in this 30-40k$ levels, cause this is our important support level. Don´t mind the time frame of future predictions, cause it´s just impossible to predict. Key thing here is Elliot wave trends and support levels. So what could shoot us up from this levels that we are in? If shit hit´s the fan, who is king? Simple answer Bitcoin. Now we have extreme fear in market, index low as 19. When we have fear, how alts are doing? Not so good. I believe that alt market is going to have some crash when traders move their alt positions to BTC. This will shoot BTC to flying again all the way to wave 1. top. From there we will have nice correction to these levels again where we are now. What news are telling or what Elon is tweeting etc doesn´t matter in big picture. It only hits market in minor scale but it looks like big thing when you live with your charts in small time frames. I think in big picture time is on our side, always have been if you look at history. There is absolutely no time to fear now, cause fear and emotion is your biggest money killer. If you act like most of the heard, you are just that successful as most in this market. When you switch you mindset just opposite direction, then the beauty comes. You start taking position when market is in fear and selling them when market is in greed. Simple as that. This is not trading advice. This is only hypothetical prediction where we are and what could happen. Cheers to all, have no fear, cause now is time to be brave :)
BNC:BLX
by spongepaavo
BTC/USDT (Saved by 3D 50MA Support?)💎Technical Analysis Summary💎 BTC/USDT -My last BTC update was still trading in a small range around 55k-58k dollars -The bitcoin bears won the game after breaking its local support at 53k dollars -The price touches the 3D 50 moving average and the price reacted with a strong push-up -I think the bitcoin bulls defended this important moving average like history on September 2020 -We may see a temporary bounce to retest the downward resistance at 55k dollars -If the bulls can clear the resistance above, the chances to continue the trend higher increases -But if another rejection will happen, a major support retest is likely to happen again -And if that bearish scenario plays out, the bulls will be in trouble in the coming weeks -I'm expecting a sideways action inside this triangle pattern until June -This would be a good chance for the Altcoin to bounce up if they are holding at key support -Please exercise proper risk management because the game is starting to look difficult ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins Dinore 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
12
BTC/USDT (Sideways Trading?)💎Technical Analysis Summary💎 BTC/USDT -Hello everyone, I'm not able to update my BTC idea -Because there is no significant data at the moment -Bitcoin is still trading within the Neutral to Bullish zone -We can see BTC tried to close above 58k dollars -But the Bears easily send the Bulls back inside the ranging zone -Many altcoins are benefiting from this sideways trading for the past few days -And if Bitcoin can finally regain momentum above 58k dollars in the coming days -Expect these altcoins in the accumulation zone or upside potential continuation -Will start to break into new higher highs or extremely behave like a rocket ship to the moon -Guys, please trade responsible and immediately adopt what the market is telling us -Risk management is the key to survive this game ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
14
BTC/USDT (New Short-term Key Support?)💎Technical Analysis Summary💎 BTC/USDT -The bulls entered the market with a good bounce back above 0.5 Fib level -We still have 6 hours left before the daily candle closes -And if the bulls can maintain above 55k dollars, that is a good sign -Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins -We are large-cap altcoins are performing well for the past few days -This is because the BTC Dominance keeps printing lower lows -And Bitcoin is expected to move sideways within a range for May -I think we will have another good altcoin season for a few weeks -But we can not let our guard down, we need to consider the bearish scenarios as well -I'm eyeing a few altcoins which have not created any significant move yet -If the market condition will be in our favor this month -I'm expecting these potential coins can big percentage gains within few weeks -Alright, Have a nice day and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
15
BTC/USDT (The Bulls Must Hold)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is still trading within the mid resistance zone -Currently facing minor rejection at 0.618 Fib resistance -The good news though is the price is holding above the 50DMA -For me, as long as the 55.8k dollars holds, I'm still bullish -But if BTC failed and closed below 55k dollars, the bears might re-enter -We are seeing Altcoins performing well for the past few days -As the BTC Dominance chart keeps printing a lower low at current at 48 level -If in case the Bulls can break higher above .618 -And the BTC.D continue to drop or consolidate for a few days -I think the Altcoins will continue to perform stronger against Bitcoin -Because BTC will still trade in a range until the 65k ATH is broken -Please do not just FOMO in on Altcoins that had already pumped so high -Look for the potential next coin that still in the accumulation phase -For a high-quality risk to reward ratio perspective -But this is only for those who have a lot of patience -Because this is where big money is made -Thanks for reading my idea! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
14
Bitcoin BTC Bart Simpson Wyckoff to 20kIm starting to see Bart Simpson all over the place.. let me know what you think is the comment section... Maybe you know about Wyckoff Phases.. one of my member bring this back today, Bart Simpson is Richard Demille Wyckoff :-) Do you think this scenario is possible? As a trader, we should be familiar with some of the leading theories concerning market structure and cycles. Some of the more popular ones include the Elliott Wave Principle and the Dow Theory. If this plays out 20k ? Last 2017 Bullrun !!Top
Short
by Crypto_Mercy
11
BTC/USDT (Testing Mid Resistance)💎Technical Analysis Summary💎 BTC/USDT -Looking at the 2D time frame chart, BTC found support at 50MA -We can see two perfect rejected candles closes above the 50MA -And followed by two green candles and trading at 56.6k dollars -Currently, Bitcoin is facing a minor mid-Fib resistance zone -This resistance area is the previous bear flag last April 17-19 trading -If BTC can reclaim above the 58k dollar and hold -I think the probabilities to retest the all-time high price increases -This current 2D candle closes in the next 6 hours -This is very important to determine the next potential price action this weekend -And for the first time, the monthly candle is about to close in red -We will have an indecision candle if we can see higher highs or start to correct -So please always follow your stop loss because is the only way to cut our emotions and reduce the risk -Have a nice weekend everyone and stays safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
13
BTC/USDT (100D MA New Support?)💎Technical Analysis Summary💎 BTC/USDT -BTC closes below the 100D MA yesterday but was only a fakeout -The Bulls may have found the new local bottom today -The 47k dollars is our key level to maintain in the coming weeks -We know there is a big CME gap from 57k-62k dollars -This area perfectly coincides with the 50D MA and Fib resistance levels -Bitcoin must regain above 60k level and hold it for a few days -To increase our bias back to the bullish side -If the .618 Fib and 50D MA turns out a strong resistance -The Bears may enter the market and send the price down again -It will another challenge for the Bulls to defend the 47k support zone -I will shift my bias to the Bears because we may form a potential H&S pattern -For now, let us focus on what the market is telling us and act accordingly -Please trade responsible because the market can turn around us any time ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16