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Bitcoin - Will BTC break above the resistance at 45 850 USD?Recently, the picture for Bitcoin turned positive. Technical factors turned bullish across multiple time frames and the price of BTC started to rise. However, soon after that, BTCUSD found strong resistance at 45 850 USD. In our opinion, if BTC will manage to break above this resistance then it is going to bolster the bullish case. However, the inability to break through this area would suggest that BTCUSD is getting stuck within the neutral zone for a little longer. Illustration 1.01 The chart above shows the neutral zone in which BTCUSD has been oscillating recently. Technical analysis - daily time frame RSI is bullish. The same applies to Stochastic and MACD. DM+ and DM- support the bullish view as well. Additionally, ADX started to increase which suggests that the prevailing trend is gaining strength. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI is neutral. MACD is due to perform a bullish crossover above 0 points, which would further improve the picture for BTCUSD. In addition to that, Stochastic is bullish. DM+ and DM- are bearish. ADX undergoes reset. Overall, the weekly time frame is neutral with the first signs of bullish developments. Support and resistance 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 a trade.
BITSTAMP:BTCUSDLong
by Tradersweekly
8
ETH > BTCI think that ETH/BTC could be playing this upward channel. Price now being at the bottom of this channel (close to lower edge), plus the white downtrendline has been broken. I see possible backtest of the white downtrendline and then move up. So for me buying ETH for BTC makes sense and also alts should be good to go. Target would be top of the channel (upper edge) which is dynamic resistance. But price needs to get above the blue Support/Resistance zone 0.072-0.074 first. All as shown by the yellow price projection. Invalidation would be breaking down the channel lower edge. 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.
Long
by bizmark
5
Bitcoin - Has fake rally came to an end? Recently we noted that migration of capital out of Russia would benefit cryptocurrencies. We even noted that it was possible for the downtrend in cryptocurrencies to cease and reverse to the upside, especially if the general stock market would stop ongoing selloff. However, so far this has not been the case. The general stock market has been volatile and relatively weak. Meanwhile Bitcoin experienced a short lived bounce in price. However, the rally came to a quick halt and BTCUSD fell back to 38 000 USD region. At the moment we are neutral on Bitcoin. We will watch its price action closely in the following days and we will reevaluate our view after the FOMC and its rate decision. Illustration 1.01 Picture above shows the daily chart of BTCUSD. It can be observed that the price action of BTCUSD has been sideways within the last 6 weeks; this is reflected in the low value of ADX. Technical analysis - daily time frame RSI is neutral. Stochastic and MACD are bearish. DM+ and DM- show bearish conditions in the market. ADX contains relatively low value which suggests that no trend is present. Overall, the daily time frame is neutral. Technical analysis - weekly time frame RSI started to flatten which signals neutrality; however, its medium-term bearish structure remains intact. Stochastic and MACD are neutral. DM+ and DM- show a bearish trend; meanwhile ADX signals presence of no significant trend. Overall, the weekly time frame is neutral. Though, 20-week SMA and 50-week SMA are due to generate crossover which would bolster bearish case for BTCUSD. Support and resistance Short-term support lies at 32 950.72 USD and short-term resistance at 45 850 USD. Major support level is at 28 600 USD and major resistance level is at 69 000 USD. Resistance 1 is at 52 098.60 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
14
Bitcoin - Is trend reversal here? On 24th February 2022, when Russia invaded Ukraine, BTC stopped its decline at 34 324.05 USD. Prior to that we noted the tightening cycle in the U.S. combined with prospect of higher interest rates continued to pose a substantial threat to the price of cryptocurrencies. However, these odds of higher interest rates have fallen dramatically over the past few days. This forced us to reassess our bearish views on Bitcoin. We turned neutral on BTCUSD and we will observe price action closely in the following days. We think it is likely that Bitcoin will continue higher if geopolitical tensions are solved and if the general stock market moves higher at the same time. However, we are very cautious due to volatility in the market being highly elevated. Technical analysis - daily time frame RSI and Stochastic turned bullish. MACD points to the upside which is bullish too, however, it still remains within the bearish territory. If MACD will manage to cross above 0 points we expect it to further bolster a bullish case for Bitcoin. DM+ and DM- continue to show bearish conditions in the market. ADX exhibits growth which suggests the bearish trend is gaining momentum. Overall, the daily time frame gives mixed signals. Technical analysis - weekly time frame RSI is neutral while Stochastic and MACD remain bearish. DM+ and DM- are bearish too. ADX shows sideways moving action which suggests the trend of higher is neither getting more momentum nor losing it. Overall, the weekly time frame shows mixed signals which coincides with the daily time frame. Support and resistance Closest psychological support appears at 40 000 USD. Meanwhile short-term support lies at 32 950.72 USD and short-term resistance at 45 850 USD. Resistance 1 is at 52 098.60 USD and Resistance 2 at 59 445.45 USD. Major resistance is at 69 000 USD while major support can be found at 28 600 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/USDT WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT WEEKLY analysis in the chart I have tried my best to bring the best possible outcome in this chart. Hello folks, Welcome to our Btc/Usdt weekly update, as we can see a rising wedge pattern create that from 15th March 2021 to 10th May 2021 btc was in an uptrend and from 10th May 2021 to 12th July 2021 was in downtrend. After that Btc bounced on 19th July and moved up till 8th November 2021. After that, we saw some correction in the market and a downtrend till 17th January 2022. After the 17th Jan market is still in a sideways move. According to the current scenario, I think Btc will move in a sideways trend till 21st March 2022. After that, we can see bullish movement which can continue till 11th July 2022 according to this chart and also can claim the new ATH. As we all know that in 2024 btc halving is going to happen. so we can assume that the market will bounce on the 3rd week of March and we can see a good rally. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
8
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello folks, Welcome to BTC/USD 12hr update as we can see here that BTC is creating a double bottom pattern and BTC can bounce from here and move towards the red zone which is $44000 to $45800 it's also a resistance which if BTC breaks then it can go all the way to $51000 TO $53500 level. If BTC breaks the $53500 level then we can say that we are in a bull trend. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
BITSTAMP:BTCUSD
by CryptoSanders9563
6
BTC: take a step backRecently I passed 2000 followers👪 and I would like to thank you all my fellow traders! Also this is my 200th idea🍾 and I feel it's one of the most important charts I've posted here as the crypto market fear is all over the place.😱 Chasing the price on short-term timeframes is prolly driving you crazy these days. So let's take a step back and look from different perspective. Bitcoin is testing long-term uptrendline in confluence with support 42000-39000 therefore I'm expecting bounce up. Alternatively the price can drop lower first to test the support 35000-33300 before going back up again. 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
7
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart Hello friends BREAKING: Explosions are now being reported in Odesa as well, as the Russian bombardment of Ukraine continues. I think the blue line of BTC which is acting as support and strong support is there and BTC may come up. What do you guys think, please tell me by comment and like Thanks for connecting with us stay tuned like comment and share to get the latest updates Sorry for my English it is not my native language. thank you.
by CryptoSanders9563
Here's how my sentiment shifts based on price levels...Traders, I recognize that not all of you want to watch a long TA vid with me droning on and on about trendlines, trading patterns, price movement, etc. etc. Personally, I am a big fan of BLUF, Bottom Line Up Front. Just give me the quick and skinny and I'm out. This could come in the form of bullet points, headline items, or infographs and charts. Video time takes commitment. Therefore, I will begin to post more content than just my day-to-day video updates and alerts. Here's a chart that breaks down where my sentiment and bias begins to shift. For those new, you should know that although H&S patterns play out a whopping 85% of the time (that is massive probability that most other patterns cannot achieve!), I went against the grain and anticipated that this H&S would not play out. Why? Because of what I suspected to be a malformed, or not fully formed, right shoulder. Though, I was not sure, I wondered if this was a true H&S pattern. Additional theories I purported were that because the shoulder was small, maybe it meant that Bitcoin would only drop HALF of the distance to it's final target. And, so far, this has actually turned out to be the case. Though, we still should be cautious that Bitcoin could still drop to this point. Anyways, the point is, I am long above our BLACK line. I grow BEARISH below and very BEARISH BELOW 30K. On the plus side, above our BLUE TL & ORANGE support, I get BULLISH again. Above the GREEN neckline and 200 day MA, this H&S pattern becomes invalidated. I am an all out BULL again. UBER BULLISH above the second BLUE line. That's when I think we're going to 100k+ Hope this helps. Best to you all. -Stew
INDEX:BTCUSD
by stewdamus
₿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