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BTCEUR

Bitcoin bear with 3 Confluences :Bitcoin bearish Scenario : Following the massive selloff a few days ago, Bitcoin is trading in sideways and we saw a small sell-off yesterday. However, The current chart looks bad since it confirmed my bearish scenario with 3 Major Confluence. 1- We confirmed the trendline breakdown with a retest and Rejection (The Black line) 2- We confirmed the Falling wedge Breakdown with a retest and rejection (The Red wedge) 3- We got exactly rejected at the Golden Fibonacci Pocket ( 0.35-0.382 Or The red Zone) These are the 3 major bearish confluences i saw over the charts today after my vacation. I Recommend not to open any long positions until we invalidate our 3 Major Bearish Confluences.
FTX:BTCUSD
by gautuwuu
1
Technical analysis update: BTCUSD (4th December 2021)Recently, we correctly predicted the double top formation in its early stage while noting that Bitcoin was near its cyclical peak. Additionally, yesterday we warned investors about the imminent retest of a key technical level around 53 000 USD. Then overnight BTCUSD fell over 20% to as low as 41 967 USD. Since then the price retraced back to 47 800 USD. We continue to maintain a bearish stance on Bitcoin as we expect selling pressure to be persistent. However, it would not surprise us to see price retracement continue a little higher (and possibly above 50 000 USD) before falling again. Technical and fundamental analysis supports our bearish view. Crucial technical levels to watch are 48 834 USD, 42 900 USD and 39 573 USD. In the following weeks we will observe whether BTCUSD will manage to break below 39 573 USD and indicate continuation of the bearish trend. Our bold predictions from recent past: We warned about double top formation already on 16th November 2021. Technical analysis - daily time frame RSI continues to develop bearish structure and it is due to perform crossover into the bearish zone. We expect such an occurrence to be accompanied by heavy selling pressure. MACD and Stochastic are also bearish. Additionally, DM+ and DM- are bearish too. ADX suggests that the bearish trend keeps strengthening. Overall, technical analysis on the daily time frame is very bearish and supports our bearish stance. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bearish. DM+ and DM- show the same conditions as they performed bearish crossover recently. ADX remains low. Support and resistance Major resistance remains at 69 000 USD. Major support level is at 28 600 USD. Short-term resistance is at 48 834 USD, then Resistance 1 is at 52 956 USD. Resistance 2 is at 59 564 USD. Resistance 3 is then at 64 895 USD. Support 1 is at 42 900 USD and Support 2 is at 39 573 USD. Our recent popular idea from 16th November 2021: 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
26
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
Santa rally cooking...After the latest moves there is a strategically interesting structure setting up for the year end flows. Here I am tracking a pullback towards $52,000 support for an opportunity to load for the next exchange. In desperation, late buyers succumbed to the fomo which was buying the highs while sharp hands are taking profits (very similar to our latest ETH charts). Now that the highs have been taken, profit taking becomes apparent. This excellent setup is remarkable not only for the transfer of the momentum, breakout, retrace, breakout, nowadays we consider wave 5 to meet at least the length of wave 1 which will take us at least above $75,000 with extensions (unbelievable) all the way at $217,000.
BITMEX:BTCUSD.P
by ridethepig
12
Technical analysis update: BTCUSD (16th November 2021)BTCUSD continues to move sideways within rectangle formation as bullish trend is losing momentum and becoming neutral. Bitcoin currently trades around 60 900 USD pricetag; and we are currently bearish on BTC as technical analysis on daily time frame supports this thesis. We expect eventual breakout below the neutral zone. Additionally, we expect such occurence to be accompanied by further selling pressure and possible beginning of bearish trend. If bearish breakout occurs then we expect price to test 55 000 USD. Volume decreases as BTC continues to move sideways - which suggests that new buyers are increrasingly harder to find. Technical analysis - daily time frame MACD, Stochastic and RSI are all bearish. ADX contains low value which suggests neutral trend. However, we expect bearish breakout from neutral zone and resumption of selling pressure. Technical analysis - weekly time frame RSI is just slightly below overbought zone and it manifests sideways movement. Inability to pierce through 70 points might suggests that bullish trend peaked already. However, MACD and Stochastic still remain bullish. ADX suggests very weak trend which coincides with daily time frame. We would like to note it is possible that double top is forming in BTCUSD. Because of that we think investors should be very cautious. Support and resistance Major resistance sits at 69 000 USD. Resistance 1 lies at 64 895 USD while Support 1 lies at 59 603 USD. Support 2 sits at 52 956 USD and Support 3 appears at 42 900 USD. Then Support 4 sits at 39 573 USD. Major support level can be found at 28 600 USD. 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
96
Technical analysis update: BTCUSD (22nd November 2021)Last week we correctly predicted bearish breakout below the neutral zone. We also noted that we expected retest of 55 000 USD price level (BTCUSD stopped its decline at 55 640 USD). Since then price action continued to be choppy. We think it is possible for BTCUSD to retest 55 000 USD price level again in the following days. Technical analysis supports this view as technical indicators point to bearish conditions in the market. We recently pointed out possible double top being formed: Recent developments seem to confirm this development. However, we would be forced to change our stance if price retraced back into neutral zone depicted on the main chart. We also pointed out (several times over past two months) decreasing volume in BTCUSD while price was climbing higher: We noted that new buyers were increasingly harder to find. After that, drop in price followed. Technical analysis - daily time frame Daily time frame shows bearish developments. RSI is bearish and same applies to MACD and Stochastic. Indeed, MACD is performing bearish crossover which we expect to be accompanied by further selling pressure. However, ADX contains low value which suggests that current trend is either neutral or very weak (this coincides with ADX on weekly time frame). Because of that we expect price to move sideways for little longer before finally going lower. Technical analysis - weekly time frame RSI failed to perform bullish crossover and instead it reversed to downside. ADX continues to decline which suggests that bullish trend of higher degree has most likely peaked and trend is becoming neutral. MACD remains in bullish territory, however, it started to flatten little bit. Stochastic also remains in bullish area. Although, it already performed bearish crossover. In general, weekly time frame flashes warning signs for BTCUSD as it suggests previous bullish trend is becoming neutral. RSI's failure to penetrate 70 points into bullish territory on weekly time frame: Support and resistance Major support level sits at 28 600 USD. Major resistance level lies at 69 000 USD. Support 1 appears at 52 956 USD. Support 2 lies at 48 834 USD. Support 3 is at 42 900 USD and then Support 4 is at 39 573 USD. Resistance 1 lies at 59 603 USD while Resistance 2 sits at 64 895 USD. Psychologically important price levels From psychological standpoint there are few other price levels that are important. These are respectively: 70 000 USD, 60 000 USD, 55 000 USD and 50 000 USD. Our previous idea from 16th November 2021 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
6
Bitcoin Has NOT Topped Out - This Is How It Will MOON MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ALT SEASON IS NOW - DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
BINANCE:AAVEUSDLong
by MartyBoots
11
LONG BTCUSD Bullish Upside (5th Wave Before ABC Correction)Looks like the 4th wave is complete and we can most likely expect the 5th wave starting very soon! According to Elliott Wave theory we are following these rules: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Now we have 3 possible outcomes for our target areas according to the Elliot Wave theory because our 3rd wave did not extend: ~80K because Extended Wave 5 = either 0.62 x length (beginning of Wave 1 to top of Wave 3) OR ~93K because Extended Wave 5 = length of (beginning of Wave 1 to top of Wave 3) OR ~116K because Extended Wave 5 = 1.62 x length of (beginning of Wave 1 to top of Wave 3) So in the chart you can see our fib is equal to the length of 0–3. It is a projection from the end of Wave 4, meaning we added 0-3 to the end of wave 4. After the 5th wave completes we can expect a bigger ABC correction. Be very careful buying at 80K+ after completion of wave 5. It might cost you a lot. Our guess for now: The upcoming 5th wave will probably result in huge explosion in the NFT space, legit Crypto Gaming coins, DEFI and everything related to Metaverse. HAPPY TRADING!
Long
by Traderfriends
1
BTCUSDT: NTV and l/s ratio screams sell+Frenzy kills blockchain.Hi folks! I know I am really starting to look like a "permabear" here, but I am still holding on to my shorts despite a couple of intense days (my short have an average entry of 57.1k). I am taking no actions right now except keeping my shorts, so I guess this is a neutral post. Now, trying to watch the more fundamental picture rather than only T.A. it is easy to see why I have been wrong for so long, but also why I still might make a lot of money on my shorts: - As long as T.A. goes, the 1D Bollinger Bands have usually been a good contrarian indicator, and especially after consecutive breaks of the same bound. BTCUSD has touched the upper 1D BB for the fourth consecutive time, and that is rather crazy. - The Long/Short bitfinex ratio is extremely high ATM, indicating that liquidation hunts can only happen in the downside direction, and that the dominoes can startt falling very fast due to the total amount of leverage on the longs. - The NTV has signalled a rather massive overpricing og BTCUSD compared to the inherent network value (=the use of the blockchain). In fact, this overpricing is much higher now than during the bull-run leading up to may, indicating both that the network activity has fallen (since the price is in the same range as the tops up untill may) and that the current market is even more speculative than before the 64 to 30k drop. As for the record, I am a huge believer in blockchain technology, and my long-standing bearish view has nothing to do with that. In fact, I believe that frenzies like we have seen now only damages the reputation of the technology - this statement is based on three factors: - The average investor/gambler do not understand the tech good enough and cannot separate crap from fantastic projects, so the frenzy steals focus and money from those projects who has the potential to change the world. - The important discussions about the real values and use cases of blockchain are delayed (and potentially killed) by the frenzy, as regulatory risk increases and the average person care more about the potential of getting rich fast than to understand the arguments for using the tech. - Stablecoins most likely has a very important role in creating these frenzy markets as they provide liquidity in ways that the average person (or potenially anyone) do not understand. My view is that stablecoins should never be issued by a company - if you say that you like crypto due to the idea of decentralization and still accepts that actors like Tether Ltd. controls the entire market in the same manner as the Fed controls the stock and bond market by, then you are actually full of bullshit because you then only care about gambling and not decentralization: Tether Ltd. is a huge bank (likely buying very sketchy debt) and nothing else in practice. In short, we need to get rid of these shady actors in the market before people can really take it seriously - let´s just hope USDT collapses sooner than later for the sake of blockchain. My point here is: Do not confuse gambling (which I also do) with the belief in blockchain technology - they are completely independent in the current environment. I wish you all well! DYOR. NFA. Never take the word of others as a given, and never take advise from someone without skin in the game.
by TheDots
(BTC) - AS SIMPLE AS THAT -Hello everyone ! Today the Black Cat Trader is analyzing BITCOIN based on a weekly chart 📈 What we can see : - Prices took support on the 0.5 fib level during the last sell-off back in May 2021. - Then, bounce to the 0.236 and rejected by this Fib extension which coincides with the median line of the pitchfork too.. - Finally, prices took support on the 0.382 to reach the level 0, which coincides with the intermediary upper line of the pitchfork too... What we can expect : - Bitcoin could take support on the median line of the pitchfork to reach the last upper line (coincidence with the 1.618 fib level too). Then, if Bitcoin breaks the last upper line of the pitchfork, the first target is 2,618 (102 811 $) Resistance 1 : pitchfork intermediary upper line Resistance 2 : pitchfork upper line Support 1 : pitchfork median line Support 2 : 0,236 fib level (50321 $) —— TP1 : 126 956 $ ( 3.618 + 1.618 ) TP2 : 151 101 $ (fib 4.618) TP3 : 188 605 $ (fib 2.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
COINBASE:BTCUSD
by Hector_Bienvenu
2