Btcanalysis
BITCOIN ANALYSIS (LONG)Hi, friends. Nice to meet you.
Currently, the BTC is breaking the downward trend line.
If the BTC goes up like this, the goal is that the red boxes become TP.
If you break the white box, the yellow box is open.
I'm always rooting for your trading. Fighting!
Does classic TA still work? -BTC USD 60Much easier to see patterns and not be worried about PA on Renko and Line Charts
Does classical TA still work and why do so many fail with it?
CQT bullish scenarioHello Traders, I want to share with you a low cap token with good fundamental named Covalent KUCOIN:CQTUSDT .
This is my view from technical analysis perspective :
CQT has reclaimed its structure for bullish move.
The price was staying above MA200 since mid Dec 2022.
Making higher low since Aug 2022 yet btc had lower low in last Nov.
Below $0.11 is good for accumulation.
Once breakout the target are 0.189 ; 0.224 ; 0.289
BTC: 6.5% VOLATILITY AFTER THE FOMC.Hello traders, I hope you guys managed to make some profit after the FOMC meeting. We saw good volatility in the market with BTC reaching $24255. A 6.5% red and green gave a good opportunity for both bulls and bears. Yesterday's trade was purely meant for scalping and if you were smart enough then you could have made some extra cash.
Anyways, in this 3 hours chart, BTC is currently trending under a rising wedge pattern which shows some possibility of rejection in the market. If you are still holding this trade or thinking to enter then $23.1k will be a good buy zone with SL at $22.1k. If BTC manages to break and close above the upper resistance trendline then better wait for confirmation and traders holding the position can enjoy the profit.
For now, I am placing my buy orders at the bottom trendline. What is your strategy? Let me know in the comments.
Trade safely.
BTCUSDT: Bitcoin Likely to Continue Bullish After CorrectionThe outcome of the Federal Reserve's upcoming meeting will impact the direction of the BTCUSD pair. Currently, Bitcoin is experiencing a sell-off due to profit-taking, but the market anticipates a further bullish trend due to a slowdown in interest rate hikes. However, a brief bearish correction is expected. It is important to watch the 20000 price level as it may provide support in the future.
I would appreciate your support of this idea to help reach others. You can also share your opinion with me. Many thanks
BITCOIN price, SP500, FOMC-Fed Funds Rate. Today will be hot🔥In 9 hours (from the moment the idea is published), the FOMC meeting will announce the new Fed Funds rate
At the previous meeting on 12/14/2022, the rate was raised from 4.00% to 4.50%
And then, the forecast was more than 70% that on 02/01/2023 the rate would be raised by another +0.5%, and on 03/22/2023 +0.25%
However, over the past month, US economic indicators have shown positive dynamics , sometimes even better than expected.
CPI 12/01/2023 - 6.5%, and GDP with a forecast of 2.6%, - 26.01.23 = 2.9%.
Everything was as the Fed wanted and as the markets were "guided".
Most financial markets took this news very positively, including the cryptocurrency market.
Roughly speaking, the announcement of today's rate has already been "priced in" to current prices.
Moreover, 99.7% expect that due to improved macroeconomic indicators, the US will announce a rate hike of only +0.25% today, not 0.5% as predicted a month earlier.
And more than 82% believe that the rate will be raised by +0.25% to 5% in total on 03/22/2013.
To summarize:
- the announcement of a rate within the expected range of 4.50-4.75% will act as a driver for the continued growth of both the SP 500 and the crypto market. Of course, increased volatility is guaranteed, which may be used to try to knock "extra passengers" out of long positions with a squeeze down.
- The announcement of a rate of 5.00% or higher is guaranteed to bring down both the SP 500 and the crypto market. How long the fall down will last is "another question".
We have depicted these two possible scenarios as fractals.
Which one do you like better: blue or white? Vote in the comments
SP500 also has two possible scenarios:
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Did you like our analysis? Leave a comment, like, and follow to get more
BITCOIN: A BULLISH RALLY AWAITS!Hello traders, I hope you all are doing great.
In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC?
Before we begin, let me clarify that this update is based on my analysis and research. So, do your own research before investing.
Alright, BTC has shown some impressive moves last January and it still continues to hold the $23k level. So far, the market has been doing well and we can expect some more positive rallies in the coming days.
1. Where BTC is heading next?
Ans: If you check the daily timeframe then you will notice that BTC has broken above the resistance trendline. And in this weekly timeframe, BTC is yet to hit the $25k resistance. So, most probably, BTC should hit the $25k target next.
2. When are we gonna see a bull run in the market?
Ans: According to this weekly chat, BTC is already in the uptrend rally and if things go with the bulls then by February to April 2024 we will witness a new all time high on BTC.
3. What is the support and resistance for BTC?
Ans: Currently, there are two support ranges for BTC, $18k to $19k, and $16k. Also, we have a resistance of $25k which is crucial for BTC to break above to continue a higher rally.
Conclusion: BTC must break out above the $25k resistance in order to continue this uptrend. We might see some corrections in between and I will consider it to accumulate more BTC and other major altcoins. BTC has done it before and BTC will do it again so keep believing and keep improving.
Trading is Repeating- Not sure that we already finished Wave 1.
- What we know is : " BTC went straight up for 4 weeks ".
- the safest way for now if you missed the last bottom is to watch and wait.
- At one point TheKing have to retrace, so be patient.
- if BTC Retrace now :
- Set your Fibo to -61.8% Retracement, around 18,500$
- Charge bag at the good time.
- if BTC push more :
- Wait for a retrace and recalculate your -61.8%.
- Keep it easy and Stay Safe!
Happy Tr4Ding!
BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
BTC/USDT 1HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is moving bullish in a rectangular channel. It attempted to breakout but could not close the candle above it.
It now maintains itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
A successful breakout of the rectangular channel will confirm a bullish move in the market, while a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC IS VERY BEARISH IN BIG TIME FRAMESFirst of all, we know that if Bit gets low prices, mining will no longer be profitable and many problems will arise, but we are technical, instead of trusting the words and opinions of elders and the media. We rely on charts and the chart now shows something like this.
Now that everyone is looking for a new peak in Bitcoin and thinks that they have experienced a heavy correction and now is the time for big climbs, it is better to share this view.
I think we are in wave C of a big falling triangle of the monthly time frame. This reversal is also for wave E from C of the big triangle. My expectation is that we will go down from the specified node of $31,800 to $47,000 to $1,200 to $760 within 100 weeks at the most for the big wave D of the triangle.
This analysis is long-term and takes months to prove. Do not be the only basis for your decision.
BTC/USDTHead And Shoulders Chart Pattern
The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend.
In the chart above, you can see the basic structure and the setup of the head and shoulders pattern (bullish and bearish). The neckline support (or resistance) is the key as a breakout from this level indicates a shift in the trend.
The most basic way to trade the head and shoulders pattern is to wait for the breakout from the neckline. Some traders prefer to wait for a retest back to the neckline while others simply buy or sell on the breakout. The target is set to a measured move, measured from the head (high or low) to the neckline (support or resistance) and projected from there on.
BTC/USDTRectangle Pattern Up Trend
The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines.
The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another.
To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
Daily BTCUSDT UpdateBitcoin appears to be following a similar range in the hourly time frame. However, this pattern will no longer be valid if the price breaks down below the 22.3k level.
BTC TO 24K Today ? Here's a possibility in my eyes that could happen today!
BTC is in an upward wedge coming up to a very important zone. THE 24k Zone. BTC must hold the current support LVL of 22990-23100 IF it wants to continue to the upside.
If we hold this area we could see BTC go up and test the 23985- 24304 LVL
ON THE FLIP SIDE
If we lose this current LVL of support we will most likely go back down and test the 21100-21500 LVLS
BITCOIN: GETTING REJECTED.Hello, trades, Dexter here with yet another update on BTC in a daily timeframe.
It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction.
If BTC ignores the correction and breaks above the $23k resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring.
Until then don't get rekt.
Thanks for reading. Trade safely.
BTC TRAP - What goes up, must go down!Greetings Investors, Traders and of course Beez!
Today CryptoQueens have prepared an analysis regarding BTC after its recent pump. So without much talk, let's get to it!
In particular if we watch closely the chart, we can observe that price has been moving inside the descending triangle in the Daily time frame for a long period of time. Eventually, price has either to breakout to the above or breakdown. The majority of times, it tends to breakout to the upside. Hence, after bulls, pushed the price above the descending resistance line, a huge inflows of buying power flew directly into the market pushing Bitcoin even further to the point of 23,390$ breaking the previous high of 22,850$.
Since then, price has been consolidating, between previous high which acted as support and new high. This especially, indicate us that bull are still present, and that they are preparing for the next leg up. Next Resistance - Bearish Orderblock is standing at 25,000$.
In the imminent case of breaking above, we can expect to see prices such as 28,000$, filling the FVG GAP or even test the area of 31,000$ where the next Bearish Orderblock is located.
Make no mistake though, after having a quick peek at the image attached to the chart, we can observe that large positions has been liquidated even at the level of 23,300$ and liquidity from above has already been grabbed at the highlighted levels in all exchanges.
At this point we can expect high levels of FOMO to flow into the market from retailers. Don't fall for it!
IMPORTANT: When price bursts to the upside without consolidation, its considered unhealthy, as it creates no resistance/supports on its way, therefore what goes up quickly, it has to go down swiftly eventually.
Moreover, bear in mind that, reversals tend to occur, when everything indicates the opposite!
After new high has been formed and price get rejected, we highly anticipate a new low to occur!
DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade.
If you liked the idea, make sure to support with a like, follow and a comment!
Best Regards, CryptoQueens.
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K.
The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market.
In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the BTC symbol.
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
BTC LONG MomentumPrepare for smooth rise to 25,200 mark as we observe from historical pattern same similarities.
BTCUST Weekly Update On weekly chart, BTC trying to break out the falling wedge pattern. BTC need to close above 200 EMA & 25k resistance level to confirm the breakout. Otherwise, we could see sideways movement between 25k to 18k area.
