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₿TC over 40K?₿itcoin broke up this triangle 📐 and I think there is chance for run to 40500 and even higher. Setting BUY LIMIT order to previous range so I can catch the pullback. ENTRY : local high @ 37400 STOPLOSS (SL) : local low @ 36770 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 40500 REWARD RISK RATIO (RRR) : 5 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
COINBASE:BTCUSDLong
by bizmark
9
Technical analysis update: Bitcoin (24th January 2022)Bitcoin reached a new low of 33 503.40 USD. Much has not changed since our last update on BTCUSD. We continue to maintain a bearish stance on the cryptocurrency market overall. We expect the downtrend to continue and our view is still supported by bearish fundamental and technical factors which are detailed below. Since our two latest price targets were reached recently we would like to set a new short-term price target for BTCUSD to 32 500 USD. Additionally, we would like to set a medium-term price target for BTCUSD to 30 000 USD. We would like to note that there is a FOMC meeting this week. Investors will get more clues on upcoming rate hikes and possible tightening steps by the FED. We continue to view these steps by the U.S. central bank as very bearish for the overall cryptocurrency market. Illustration 1.01 Picture above shows the weekly chart of BTCUSD. It also shows 10-week SMA and 20-week SMA. These two averages recently confirmed the downtrend by performing bearish crossover. Technical analysis - daily time frame RSI remains in the oversold territory which reflects extreme strength of the downtrend. MACD and Stochastic remain bearish. Same applies for DM+ and DM-. ADX increases which suggests the downtrend is gaining more strength. Overall, the daily time frame is bearish. However, it also signals caution as RSI reached oversold condition and price deviated too much from its short-term simple moving average. Illustration 1.02 Picture above shows the daily chart of BTCUSD. It also shows buildup in volume over a certain period. It also shows a drop in volume over the weekend despite the price continuing lower. Technical analysis - weekly time frame Weekly time frame is consistent with the daily, which is very bearish. RSI, MACD and Stochastic are all bearish. Same applies to DM+ and DM-. ADX increases which suggests that the bearish trend of higher degree is gaining strength. Overall, the weekly time frame is bearish. Support and resistance Short-term resistance sits at 37 300 USD which coincides with the 10-day Simple Moving average. Major support lies at 28 600 USD. Resistance 1 is at 39 573.21 USD and Resistance 2 is at 41 967.50 USD. Resistance 3 lies at 45 478.74 USD. Important psychological support can be found at 32 500 USD and then at 30 000 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
4
Technical analysis update: Bitcoin (11th January 2022)Bitcoin fell below 40 000 USD and reached our latest short-term price target. Additionally, it reached an oversold condition which made us reassess our views. We think a price bounce from its current level towards 46 000 USD is very likely. However, we are very cautious and expect the downtrend to resume after retracement is completed. Though, we are open to change our view as time goes forward. Our medium-term price target of 37 500 USD remains unchanged. Technical analysis - daily time frame RSI reversed after reaching oversold condition; indeed, it performed a bullish crossover above 30 points. MACD started to flatten. However, it remains in the bearish area. Stochastic oscillates in the bearish zone too but it managed to reverse to the upside which is bullish. DM+ and DM- continue to show bearish conditions with ADX peaking. Overall, the daily time frame is less bearish than in the time of our last update on BTCUSD. Illustration 1.01 Illustration above shows the daily chart of BTCUSD. It also shows 20-day Simple Moving Average (blue line). We expect price to retrace towards its 20-day SMA (as it is natural for price to retrace towards its moving average after it deviated too far from it) which coincides with price level near 46 000 USD. Technical analysis - weekly time frame RSI and Stochastic are bearish. MACD is bearish too and we will observe it in the following weeks. We will watch whether it manages to break below 0 points into the bearish area. We expect such a phenomenon to be accompanied by resumption of the downtrend. DM+ and DM- show bearish conditions while ADX continues to flatten. This suggests that price might end up trading within a certain range before a new trend commences (or prior bearish trend resumes). Overall, the weekly time frame is bearish. Support and resistance Immediate support/resistance can be found at 41 967 USD. Support 1 sits at 39 573 USD and Support 2 lies at 37 300 USD. Major support level sits at 28 600 USD. Short-term resistance lies at 45 478 USD. Resistance 1 lies at 48 834 USD and Resistance 2 sits at 52 956 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BITSTAMP:BTCUSD
by Tradersweekly
5
BTC TO THE MOON #BTC Trading is not about entering in the middle of the range and waiting for a drawdown. This is work from levels. Even if you have to wait a week, just place orders and wait. I advise you to place short orders at 45 *** and wait. Stop Loss 48 *** ... It may take several weeks, the market does not move in an hour, please be patient. My local long, open to the BUSD pair and spot, I fixed 50% at 42100, the rest I converted to plus. I keep short with 52,000, I will fix below 34,000.
by MaxsimusTrade
3
Technical analysis update: Bitcoin (7th January 2022)Bitcoin's recent drop to 40 938 USD indicates continuation of the bearish trend. This view is also supported by a bearish combination of fundamental and technical factors. During its recent drop BTCUSD broke below the key technical support at 41 967 USD; and, at the same time, it broke below the neckline of head and shoulders pattern. These two instances are very bearish for Bitcoin. We continue to maintain a bearish stance on the overall cryptocurrency market. Indeed, we expect selling pressure to be persistent which will result in Bitcoin moving lower from its current level. Our short-term price target for BTCUSD remains at 40 000 USD; and our medium-term price target is at 37 500 USD. Illustration 1.01 Picture above shows the hourly chart of BTCUSD. It also shows a bearish breakout below the neckline of the head and shoulders pattern. We previously noted that this occurrence would be followed by heavy selling pressure. Technical analysis - daily time frame RSI is very bearish; and we continue to await its crossover below the 30 points. Additionally, we expect this phenomenon to be accompanied by heavy selling pressure that will drag Bitcoin below the 40 000 USD price tag. MACD is also bearish. Stochastic reversed to the upside, however, it continues to oscillate in the bearish area. DM+ and DM- show bearish conditions in the market; and ADX strives to make another peak in tandem with our expectations. This indicates that the bearish trend is regaining strength. Overall, technical analysis on a daily time frame is very bearish and signals lower prices for Bitcoin. Illustration 1.02 Picture above shows the daily RSI of BTCUSD. We expect crossover below the 30 points as indicated by the yellow arrow. Technical analysis - weekly time frame RSI, MACD and Stochastic all remain bearish. DM+ and DM- show that same condition. ADX started to flatten from its previous decline. Support and resistance Short-term support can be found at 41 967 USD. Support 1 sits at 39 573 USD and Support 2 lies at 37 300 USD. Major support level sits at 28 600 USD. Short-term resistance lies at 45 478 USD. Resistance 1 lies at 48 834 USD and Resistance 2 sits at 52 956 USD. (If you want to understand how we got to this conclusion, please read attached articles from 16th November 2021, 13th December 2021 and 5th January 2022) Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
23
Technical analysis update: BTCUSD (18th December 2021)We continue to maintain a bearish view on Bitcoin as it continues to trade below the neutral zone. Since Bitcoin's rebound from its recent low at 41 967.50 USD on 4th December 2021 Bitcoin continues to make lower troughs and lower peaks which is indicative of the bearish trend. We expect an eventual retest of 41 967.50 USD price level and possible continuation of the bearish trend. We think that higher interest rates in the U.S. combined with constriction of money supply present a substantial threat to further rise of BTCUSD in the short-term and medium-term. Because of that we would like to set a short-term price target for BTCUSD to 42 500 USD. Illustration 1.01 Picture above shows the hourly chart of BTCUSD. It also shows particular troughs and peaks. Technical analysis - daily time frame So far RSI failed to cross below 30 points; however, its structure remains bearish. Stochastic is also bearish. MACD is bearish too; DM+ and DM- show bearish conditions. ADX contains high value; and it continues to grow which suggests that the prevailing trend is either getting very strong or it nears its peak. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, Stochastic and MACD continue to develop bearish structures. DM+ and DM- are also bearish. ADX contains relatively low value which suggests that trend of higher degree is weak. In general, the weekly time frame is bearish which coincides with bearish daily time frame. Illustration 1.02 We think that drop in price below recent low would result in extremely bearish conditions for BTCUSD. Support and resistance Major support level is at 28 600 USD while major resistance level is at 69 000 USD. Short-term resistance is at 48 834 USD while medium-term resistance lies at 52 956 USD. Between these two price levels lies the neutral zone. Other resistance levels appear at 59 564 USD and then at 64 895 USD. Other support levels can be found at 42 900 USD and at 37 573 USD. Additionally, support level can be also found at recent low of 41 967 USD. Our bold predictions from the past: 16th November 2021 Here we predicted double top formation and subsequent meltdown in price. 26th November 2021 Here we layed out case for even more bearish scenario for BTCUSD. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
36
BTCUSDT , We are impacted to the M support zone Good Evening guys In here according to our last analysis, we shown 2 zone that the price can react to them , and exactly happend and now we are near minor support area, if the price can not support in here and break this support area below we can have stop hunter the order and liquadation and then we are ready to go up and first tp is 60K than 75k - 85k . For each of this scenario we should have plan to know what to do ? (if you need any consulting or help send us messages) Previous analysis : Good Luck Abtin
by Abtin00
3
BTC @ critical support 2₿ITCOIN approaching important support @ 47250-46600 (market structure + 50% fib retracement). We could see a bounce followed by sideways price action. Then breaking up the red downtrendline would be bullish. On the other hand, breaking down the 46600 support could lead to further price drop to the bottom around 42k. Staying neutral, just observing... 🧐 Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:BTCUSD
by bizmark
Technical analysis update: BTCUSD (26th November 2021)Today BTCUSD reached 55 000 USD in tandem with our expectations expressed in the previous 2 posts. Currently, it trades around 54 600 USD per coin. We continue to be bearish on Bitcoin as technical analysis continues to support this thesis. We think current weakness in the global markets will be persistent in the short-term. Additionally, we think that this weakness will be contagious to cryptocurrency markets and it will create headwinds for further rise in cryptocurrencies (in the short-term horizon). We think BTCUSD will continue lower and we expect it to test short-term support at 52 956 USD in the following days. Our recent popular post from 16th November 2021: Here we started to speculate about possible double top formation. We also expressed that volume was declining while price continued to climb higher. We noted that this pointed to evaporation of buyers at higher levels of prices. In our opinion, this foreshadowed subsequent drop in price (combined with other warning signs). Technical analysis - daily time frame RSI, MACD and Stochastic continue to evolve their bearish structure. DM+ and DM- show also bearish conditions. ADX exhibits growth which suggests that the bearish trend is strengthening. In general, a bearish time frame is extremely bearish. Technical analysis - weekly time frame Divergence in RSI is clearly observable. This is a very bearish development. MACD is in the bullish area, however, it is flattening (and reversing to the downside). Similarly, Stochastic also started to point into bearish direction. ADX is very low which suggests the bullish trend of higher degree has lost its steam already. Overall, the weekly time frame is bearish. Divergence in RSI on weekly time frame: Divergence in MACD on weekly time frame: Technical note Synchronization in the bearish conditions between daily and weekly time frames suggests mounting trouble ahead for BTCUSD. We think BTCUSD is headed way lower and it will drag the rest of cryptocurrencies with it. We think investors should be very cautious in the following weeks. Fundamental note Hawkish narrative by the FED, additionally, supports bearish views for the cryptocurrency market. We think that decrease in quantitative easing combined with increase in interest rates will be detrimental to cryptocurrencies as purchasing power of the dollar will be rising. Further, we think prevailing irrationallity in the cryptocurrency markets (especially among lay and retail traders) combined with calls for extremely high prices such as BTC at 200k USD, 500k USD, etc., only shows how inflated this market is (at the moment). Support and resistance Major resistance level sits at all time high of 69 000 USD. Below that is Resistance 2 which sits at 64 895 USD (previous top). Resistance 1 appears even lower at 59 603 USD. Short-term support is at 52 956 USD. Then below that is Support 1 at 48 834 USD and Support 2 at 39 573 USD. Major support level lies at 28 600 USD (2021 low). DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
8
ETH to continue outperforming BTCBitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels which would be a bearish sign for bitcoin but a great sign for ETH and the alts. we have support slightly below our current spot, the S1 & S2 support levels are holding up as of right now but a little more of push to the downside will definitely break these levels. Looking at the bollinger bands we are on our second daily candle where we are riding that bottom band and this plays into the reason i think this drop could just be starting, it is not uncommon when riding the bottom band for the dip to go on for multiple days. For our daily close its looking like we will close once again on that bottom band which is likely to continue dragging BTC down. The MACD recently had a flat period where our histogram bars weren't moving a whole lot, but the past couple days have been looking good, 2 increased red bars which is what we want to see and want too continue. The MA's are just starting to see some big separation increasing the bearish momentum and making it more and more difficult to get a bullish cross in the near term. Not financial advice just my opinion!
BShort
by JacobR905
2