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are you rdy bitcoin down ?👀👀👀Friends who follow me know that I do not analyze much, but I want it to be the best and most accurate. Bitcoin has a very weak trend and on the other hand, until the end of the year, the bitcoin trend is declining so that the upward trend, so open more short trading. Bitcoin will see $ $ by the end of 2022 (19700). You may laugh, it is not possible, but you will see and believe that you can see my bitcoin analysis, it is available in my profile. Bitcoin has lost its financial power by force of war and governments have been able to keep it to this day. Two months have passed since (2023), be sure to make a good purchase. The long market has been on crypto for 3 years. Good luck and victory, your friend Manouchehr Azar, resident of Iran.
Short
by ManochehrAzar
8
₿TC to 46k?₿itcoin broke up this triangle📐 and I think there is chance for run to 45800 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 41480 STOPLOSS (SL) : local low @ 40135 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 45800 REWARD RISK RATIO (RRR) : 3.2 INVALIDATION : when SL level hit Check my previous BTC idea to get the bigger picture. Also 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
11
BTC where do you go⁉️Last trade hit it's target... ...so now you can be wondering where is our mighty Bitcoin headed to? After breaking out of the yellow triangle I think 51.5K is the next destination. The only hurdle is the white downtrendline. Once broken we could see next leg up. Notice how the price is being compressed while approaching apex of white trendlines. Something is cooking...🍲 Looking at the bigger picture... ...the move to 51.5K makes sense to me. 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
9
Bitcoin - The ominous warning sign for BTCUSDTwo days ago, we warned that the rally in Bitcoin might be near its end. We stated that the rally became accompanied by a sharp decrease in volume, which could foreshadow a potential breakdown in price. Meanwhile, Bitcoin fell below the 100-day Simple Moving Average and support area at 45 850 USD. These developments are very bearish for BTCUSD. In addition to that, technical indicators on the daily time frame continue to flash ominous warning signs. Illustration 1.01 The picture above shows BTCUSD in the daily time frame. Yellow arrows indicate the rise in price and the simultaneous decrease in volume. Drop below the 100-day SMA forced us to abandon our previous bullish outlook and abandon the price target of 50 000 USD. However, in the thread from 29th March 2022, we updated our new price target to 45 000 USD. This price target remains valid. Technical analysis - daily time frame RSI failed to penetrate through 70 points and reach the overbought zone. That is particularly troubling as RSI instead reversed and now points to the downside. Meanwhile, Stochastic also switched to the downside. MACD remains in the bullish area, though it started to flatten within the last two trading sessions. DM+ and DM- are bullish, and ADX is highly elevated. The current condition of ADX suggests that the rally is near its peak, or it most likely peaked. Overall, the daily time frame continues to flash ominous warning signs for Bitcoin. Illustration 1.02 The chart above shows the invalidation of the bullish breakout. That adds to the bearish sentiment. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is neutral. DM+ and DM- performed bullish crossover just recently. ADX contains a relatively low value, suggesting that the higher degree trend is neutral. On the weekly time frame, technical indicators signal mixed conditions for BTCUSD with no significant trend. Illustration 1.03 On 29th March 2022, we presented this setup for BTCUSD. Support and resistance Immediate support/resistance sits at 45 850 USD. Support 1 is at 42 591.68 USD, and Support 2 is at 32 950.72 USD. The major support level can be found at 28 600 USD. Resistance 1 sits at 42 098.60 USD, and Resistance 2 lies at 59 250 USD. The major resistance level is 69 000 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 a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
3
Bitcoin - Does drop in volume foreshadow end of the rally?Bitcoin continues to march higher and technical indicators point to the upside. However, there is one ominous warning sign in a market and that is volume. Just within seven days, BTCUSD rose over 16%. At the same time, the volume has decreased. Meanwhile, 50-day SMA and 100-day SMA remain in the bearish constellation. At the moment, 100-day SMA acts as the important support level for BTC. If the price retraces back below it then the rally is likely to halt and the trend to reverse. Therefore, we will pay close attention to the 46 630 USD price level. If this level is broken then it will force us to abandon the price target of 50 000 USD. Indeed, we think such an occurrence could potentially lead to further weakness in the cryptocurrency market and see the price of BTC going much lower. Illustration 1.01 The chart above shows the current setup for a short position on BTCUSD. Technical analysis - daily time frame MACD and Stochastic remain bullish. RSI is bullish but it nears overbought condition. The inability to penetrate through 70 points would be bearish for BTC. DM+ and DM- are bullish. ADX continues to increase which signals that the prevailing trend strengthens. Volume has decreased substantially over the past week while Bitcoin saw a price rise of more than 16%. This is very negative for BTC and it will most likely lead to a liquidity issue. Subsequently, that will result in a trend reversal. Even though the daily time frame is bullish, the volume flashes warning signs. Illustration 1.02 Illustration 1.02 shows BTCUSD on the daily time frame. A decrease in volume can be observed over the past seven days. Technical analysis - weekly time frame RSI is bullish and Stochastic is also bullish. MACD strives to perform a bullish crossover above 0 points. If it manages to do so, then it will be bullish for BTC. However, until then, it remains in bearish territory. DM+ and DM- are bullish but ADX contains a relatively low value. That suggests the trend is neutral. Overall, the weekly time frame is bullish but with the presence of no significant trend. Support and resistance Simple support and resistance levels are derived from peaks and troughs. 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.
CME:BTC1!
by Tradersweekly
4
Bitcoin - BTCUSD eyes 50 000 USD price targetYesterday, Bitcoin managed to break through resistance at 45 850 USD. By doing so, BTC validated the bullish consensus for itself. Now, we will observe price action very closely and we will watch out for any possible retracement below short-term support. Such retracement would invalidate the bullish breakout. However, until such an occurrence, we are turning bullish on BTCUSD. Our view is supported by a combination of bullish technical and fundamental factors. Therefore, we would like to set a new price target for BTCUSD to 50 000 USD. Illustration 1.01 The chart above shows the bullish breakout above 45 850 USD. This breakout validated the bullish consensus for Bitcoin. Currently, 45 850 USD price level acts as short-term support. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. DM+ and DM- show the presence of the bullish trend. Meanwhile, ADX continues to increase which suggests the bullish trend is gaining strength. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is due to perform a bullish crossover above 0 points, which would improve the picture for BTCUSD even more. DM+ and DM- performed a bullish crossover recently. ADX remains relatively low which suggests that no trend is present. Overall, the weekly time frame is bullish, however, it lacks any significant trend. 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
9
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