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My thoughts on Bitcoin Macro LevelYou are looking at the weekly timeframe of Bitcoin. Analysing After the recent move in Bitcoin I think BTC will consolidate in between 40k and 44.5k for pretty much long time and alts will get their time to make their move along with it. After that i expect it to go lower from here upon breakodown of 40k level towards 30k and i think 30k level will be a good buy and it is not going any lower below 30k at all.. I did cut many levels and areas from the chart to make it look pretty simple and i believe the ideal scenario of 44.5k--->30k-->new highs is going to happen. The analysis is based on high time frame and is my own personal opinion and thoughts. Note: Not a Financial Advice.
by ROBO416
2
BTC FLAT REVIEWFor a prolonged period, Bitcoin has been accumulating in this area. We can see attempts to break resistance and support; the price is moving up and down. The question of who will prevail, the buyer or the seller, hinges on cumulative delta and time. There's a high degree of uncertainty in the movement on the larger timeframe. Therefore, I'm currently analyzing Bitcoin exclusively on shorter timeframes. Forecasting the eventual price direction is almost impossible. The right approach here is to trade from the resistance/support zone. For the next local long position, I will consider it upon the breach of 26,350 with confirmations and impulsive movement. Similar to the previous attempt on August 23rd, a successful long and subsequent short resulted from impulsive movement. Aside from that, 26,300 continues to act as the same resistance level. This is the point from which it's best to attempt a short if there's no impulsive follow-through.
by KeylessCrypto
5
Bitcoin - What goes up must come downHappening now: We are looking good on the daily timeframe, BTC has decisively gone over multiple resistance points and continues to cross over them with conviction. The concern is that this is all happening as the leading economies in the world are showing signs of bad times coming, During different times I would say that the bottom was in, but since we are in the times we are in, I would warn you and tell you to be cautious, at this point, I still expect BTC at around 11K. On the weekly timeframe, I will wait to see if at the very least Bitcoin closes above the 200MA on Sunday. This is like poker and I believe that BTC has a weak hand and it will be coming down soon. I am 66% in and at this point I have nothing to lose if I sit and wait. The last 34% of capital left has to go in at the right time and into the right coin in order to multiply 30+ times. What is driving this move up? I see it as a two-sided effect. 1. The traditional markets are still posting good gains and profit seems to be healthy in a few sectors. What does that mean? It means that as companies raise their prices you are ok paying a premium for their products therefore they are posting profits. 2. Bitcoin is simply following the Dow, if it goes up so will BTC. However, as far as Bitcoin and crypto are concerned the current bull spike is not sustainable. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BLong
by cryptoGats
11
Bitcoin - I'm not your friend and I will take your moneyMost of you think that an exchange is simply where trades are facilitated, that exchanges offer cool products like shorting and leverage trading. Wrong! your exchange is not your friend and it does not care about you. In fact, it is your biggest competitor, and those cool products are designed to separate you from your money. Your exchange knows all of your secrets, such as how much money you have, how bad you are doing, where your stop losses are, and where your buy orders are. They control the supply and the demand of the very product you are looking to buy. You are not trading as much as playing a game with fast and well-programmed computers, you have to be smart about your every move, and try to think like an exchange or whale. This week someone used BTC to take you to the cleaners, stop losses got hit up and down making a lot of traders lose a lot of money. Sometimes the best move is to not make a move, you see a range like the one above, and if you don't see clarity just take a break from trading. Your main objective is to not lose money, making money is a byproduct of good trading habits. The more cemented good habits are, the more money you'll make. As you can see below we are still thinking about touching the 200MA (the white line) on the weekly timeframe. Bitcoin has rested on this line many times and it has bounced up from it as well. To this point, that white line has been very reliable as a bottom. Hold your position and let's wait to see if we touch that white line. Knowledge: BTC controls all Altcoin's movements. As Bitcoin moves it dictates how Alts will move, therefore, there is no need to do an analysis on altcoins. The only reason to do analysis is when you are looking to jump in a do a quick trade. Be careful: If when your stop losses hit it feels personal you are right, it is, mostly because you are thinking and trading like a lot of noobs and making decisions that your exchange sees coming a mile away. The profit comes when thousands just like you set the same stop loss right at the same spot. Warning: Moonboys on Twitter are very dangerous for you, they are as fake as they come. They lose on every trade, anything they recommend usually goes to the gutter. Choose a few analysts to follow. In the future, you'll be as good as the information you let into your head today. Wisdom: Trade based on your personality. Why? Simple, you can't fight who you are. There are 3 main types of trading styles Day trading (if you want to go crazy and have a heart attack). Swing Trading (Short to mid-term) requires discipline, charting skills, and patience. Position Trading/investor ( Long term) requires a commitment and an understanding of the crypto trading cycle. It is very slow and requires Jedi-like patience. In about two cycles it will make you lots of money. In the next post, I will tell you the secret to trading. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
B
by cryptoGats
30
The last flight BitCoin(41K-82K)Before the historicfallHello friends, as I promised you about autumn a few months ago And in the previous chart, the number of updates was high and friends were complaining I said put a new chart before the main chart It takes time for the market to be manipulated So do not enter the market until the next chart is presented This is my advice Either way, you decide as you wish From Tuesday to Sunday next week, the moon is in Scorpio . According to the calendar, buying, selling, having children and traveling are prohibited. so be careful Let's go to the chart We will have a diagram opposite the correction up to the range of 30-31 After that, the market returns to the 60 range , but you will be tempted to enter There we will have a heavy fall to 37-41 But wait until the main arrival time, which I will say in the new chart 👁🔺 The exact range of 60 may be a few numbers higher and lower I specified the limits 👁‍🗨🔺
Long
by mamin1990
13
BTC stopped at SMA 200 daily and .....BTC stopped at SMA 200 daily, and rebound at fibo 50. and trying to reach fibo 38.6, for another downtrend to fibo 61.8 . SMA 200 daily is the important level to be watched. if this level breaks down, the downtrend is become confirmed as long as the trend is below the SMA 200. SMA 200 daily become the strong support also happened when BTC reached 29K. Watch also the slope of SMA 200, as long the slope is still up, the trend is still bullish. The low risk for entry is when the slope is flat, and there is a bullish candle coming up.
by aswinhendrato
Btc/usdt 4hour updateBitcoin update 4hour analiysis, Yesterday's -9.8% drop wasn't expected at all. Everything was working fine and I personally expected BTC to reach $46k but these FUDs messed up everything. Still, being a trader, we must be prepared for any kind of situations. Now, as you can see in the present chart that BTC is struggling to break above the 21 MA which is not good. For BTC to continue its upward rally a breakthrough from $40k to $46k is much needed. The daily close was above the $42k which was a relief but things are still under pressure. The present chart is reflecting 2 possible scenarios: Scenario 1: If BTC breaks above the 21 MA and continues towards the $46k- Once we see the BTC price at $46k, we would reach a very crucial point where if it breaks the $46k resistance, we may see a good rally towards the $50k, and on the other hand if it gets rejected then a pullback towards $44k to $40k will be the result. Scenario 2: If BTC will get rejected from the 21 MA- A rejection will end up dropping the price towards the $39k level to continue the pattern. Once we reach this level, a bounce will be much needed to pull back the price but a further breakdown will be horrifying. Do you think there are more possible ways that BTC could move? Do let me know your ideas and thoughts in the comment box. Do hit the like button and share your views. Thank you...
by CryptoSanders9563
2
BTC Hourly DownIf you look at the stochastic on the hourly, we are pointing down from overbought area in the second from bottom pane here. Further, there is a declining trendline on the RSI acting as a resistance. I think we will get a pullback to mid 44's before we see which way the market decides to go. The weekly is about overbought on the stoch, but whether or not we get a false bar there remains to be seen. Need to see it level off and start pointing down before making any assumptions.
by Eldal
2
BTC is going upSome ideas on BTC this weekend. This week byers did not manage to continue the growth of the BTC price. Yesterday, the price reached a local maximum at 38432. But BTC probably can break through the trendline in the near future and update the local maximum. Scalper Season analytics have an idea that there is now 2 pullbacks to fefuel before BTC will open the new road to 40000 and higher. First one at 34200 if there will be no FUD. And the second one at 31000, if something happens again. We also mention that the dominance of BTC is growing and is slowly killing alts. BTC dominance is recovering and therefore alts will not have an easy life soon. Be careful on what you will trade and warn your friends. The stock market ended thursday trading with growth. The Dow Jones is up 0.06%, the S&P 500 is up 0.47%, the NASDAQ is up 0.78%. Gold and oil are rising. Seems to be good for BTC this weekend.
Long
by Scalper_Season
Show me bears I find you a trap. And easy like that BTC is framed. Bullish, bullish and bullish is Bitcoin the one and only true leader. We are forming a triangle that may be broken in a matter of 1-2 days. I see impulsive reversal on the upside till 48k first leg. If we get to Elliot waves this is going to be a prosperous year for the world. For who wants to mine Pi minepi.com can use the invitation code (Tradingindicator). M.M.M (Make Motherf.ckin Money) Invest your money wisely, do not do it for the game, do it for the money.
Long
by DeFontain
3