Get started

Btcanalysis

What happens when Crypto Chessboard flips?In-depth analysis considers various factors: Despite the approaching Bitcoin halving. We consider the following: Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments. Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k. Taking into account the challenging global economic situation, particularly in the United States. Highlighting the potential impact of a Black Swan Event, investigating the consequences of a fictitious ETF post. Addressing uncertainties following CZ's departure from Binance as CEO, posing another potential Black Swan event that could push prices below the Wyckoff distribution phase boundary at 24-22k. Speculating a third logical move by corporate traders to increase market liquidity, creating a massive bull trap to attract influencers and optimists anticipating a significant Bitcoin ETF-driven price surge, leading to widespread doubt in Bitcoin and a gradual decline to the Wyckoff lower support. Related Financial News: - Bitcoin's halving event draws attention from traders, with speculation on its potential impact. - Historical price patterns show resistance before major events like ETF launches, impacting capital flow. - Global economic uncertainties, especially in the U.S., contribute to the overall market sentiment. - Increased scrutiny on potential Black Swan events, emphasizing the need for risk assessment. - Binance's CEO change introduces an element of uncertainty, potentially affecting market dynamics. - Corporate traders strategizing for liquidity boosts, creating opportunities for market manipulation. - Influencers and optimists fuel expectations of a Bitcoin ETF-driven surge, but skepticism prevails due to historical patterns and external uncertainties.
BITSTAMP:BTCUSD
by wikitrades
1
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short? How do we trade this?  🤔 To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall. I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position: Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio. 💡  Trade Idea  💡 Short Entry: $42,650 🟥 Stop Loss: $46,950 ✅ Take Profit: $38,350 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Measured Move Completed Into Key Resistance Area. 2. Strong Sell Signal Above Measured Move Resistance. 3. Strong Sell bar falling to 30EMA 4. Wait for Daily Candle to Close below 30EMA. 5. RSI at 50.00 and below Moving Average. 💰  Trading Tip  💰 There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering
1
What is the next move of Bitcoin?Based on our analysis, the red box is a very strong supply and is related to the above timeframes. We expect to have rejects from this area to the 35K to 36K channel. This movement may take some time, but we should note that the price receives a lot of sell orders from the red box We have already predicted the recent Bitcoin pump. Refer to the related analysis section of this analysis below For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
4
#BTCAccording to the previous analysis, he hit his target... The size of the triangle rule has moved, which, of course, to collect liquidity, has hit a shadow up to the $48,437 resistance... that means it has no power... Therefore, the range of $46,875 is confirmed. This is the current reversal to form a pattern... so we will have a short top... If it returns in the specified area, you can enter a sell position by confirming one or more candles. Tom Weekly, according to the analysis, we should witness a dragonfly candle... If the candle closes, there is a possibility that the dragonfly will enter the correction phase... After the formation of the scenario candle, we will set the path...
Short
by alikze
#BTCIn the previous post, I explained that if he breaks the upper zone, the scenario will be violated. It is going to the corner... in order not to be crowded, all the waves inside the pattern are three waves... I think it can make a W pattern after touching the bottom of the pattern once... it is currently confined to this range. According to this pattern, we should have a break from above, that is, it should see the range of 45,000 to 47,000 dollars. A break from the bottom will break this pattern.
by alikze
2
📊🚀 BTC Market Analysis 🌐💹The BTC market has undergone multiple retests of the support zone, breaking and subsequently retesting it. Price rejection has occurred multiple times within the zone, indicating a bullish sentiment at present. The approval of ETFs is also a positive factor, contributing to the potential for sustained prices above the zone. If Bitcoin continues to exhibit stability in this context, there is a possibility of a significant rally in altcoins in the near future. 🚀 #Bitcoin #ETFs #MarketAnalysis
Long
by Richtv_official
1
BTC ANALYSIS (4H)Bitcoin has a bearish CH and mBOS after the formation of "SW H", but it is supported by the specified inter change zone. A supportive inside bar has been formed, which has continuously recorded higher Ls and Ls have been respected. At the top, there are many liquidity pools. It is still an upward trend, especially in the daily time. The green range is a strong support range. If "SW H" is broken, Bitcoin can move towards the red box We have specified the targets on the picture, when we reach the first target, make it risk free. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
BTC → Bitcoin Sell-off at $45,800! Time to Short? Let's Answer.Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull trend, two massive sell-offs (8% and 11%) in under a month at the major resistance level of $46,000 and an RSI under its Moving Average. I also have my Bitcoin Lifetime Analysis which describes in far more detail, why we need a massive pullback before we see new all-time highs: We need to wait for a 4HR candle to close below its 200EMA or a Daily candle to close below its 30EMA. You could argue its reasonable to short now, but we lack confirmation, so the probability of profit is lower at this stage. I prefer more probability in my trades. 💡 Trade Idea 💡 Short Entry: $42,600 🟥 Stop Loss: $46,900 ✅ Take Profit: $38,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Measured Move Complete! 2. Two Sell-offs near the $45,000 area 3. Three Legs Up in a Bull Channel 4. RSI at 52.00 and below Moving Average, Bias to Short. 5. Wait for Final Sell signal, Short 1:1 Risk/Reward. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance, to the top of the breakout, will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering