Bitcoin Getting Ready To Explode Higher - Leveraged Long Trade MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
DO NOT BE LEFT BEHIND
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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
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BTCEUR
Bitcoin Buy setup :BTC is stabilizing above support area.. we should soon see a move to the upwards. This zone looks good to open a Low risk trade with a long position.
Take profits : 48000 , 50800 , 57000
Stoploss : 42159
Risk reward Ratio : 2.78
Leverage : Spot or Maximum 2x
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.
This ALT Can 5x - Do NOT MISS IT MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it
DO NOT BE LEFT BEHIND
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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
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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.
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.
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.
Bitcoin : An Overview for #BTCCurrently, Bitcoin is Approaching the 45k Resistance and it may Retest it for the 5th Time. We got rejected here for 4 Times earlier but this time, There are 2 Charts that additionally Support the bulls. They are A bullish Total market cap chart and a Bearish USDT Dominance chart.
Currently, The 45k resistance is strong and we have the resistance coming from the Bull market support Band as well.
If the resistance gets clear, The next resistance will be the 50.8k Fibonacci resistance Zone and the 61.3k Reversal triangle Target zone resistance.
Lets see what the market gives us and remember this... Never enter a trade without a Confirmation
Revisiting BTCTime to start dusting down our BTC charts...
It's been a few since we've looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in
From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs.
XBTUSD directional bias also has very important characteristics and implications for a retreat in US hegemony with further instability across democracies expected until we (the people) decisively level up our technologies, voting systems etc.
Eyeballing momentum for later this year as we advance into this new world via CBDCs. Grab what you can. Preemptive positioning and loading at current levels is the name of the game.
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.
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.
Bitcoin - Selling pressure resumesBitcoin fell approximately 14% since our last update in which we boldly stated BTCUSD would not reach a new all time high in 2022. We pointed out that the price of Bitcoin retraced towards its 50-day Simple Moving Average which represented a correction of the downtrend, seeing the price bounce back to 45 850 USD. We also stated that the volume kept falling while the price kept rising which suggested new buyers were increasingly harder to find. This eventually resulted in the price meltdown and BTCUSD fell below 40 000 USD; subsequently, BTCUSD reached both our price targets. We continue to be bearish on Bitcoin and because of that we would like to set a new short-term price target to 37 500 USD and medium-term price target to 35 000 USD. Our view is supported by a bearish fundamental and technical outlook. As in the past, we still think the interest rate hike that is coming next month poses a substantial threat to further rise of cryptocurrencies. Actually, we think the tightening cycle in the U.S. is very bearish for Bitcoin and it will ultimately result in the price drifting lower. In addition to that, the current weakness in the general stock market also poses a threat to BTCUSD.
Illustration 1.01
Picture above depicts the daily chart of NQ1! (Nasdaq 100 index continuous futures). The yellow circle indicates the area that shows high similarity in the structure of candles to BTCUSD. This is also observable on the daily chart of SPX. It shows high positive correlation between Bitcoin, S&P 500 index and Nasdaq 100 index.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD is in the bullish area, however, it started to flatten and reverse which is very bearish. DM+ and DM- performed bearish crossover recently. ADX undergoes reset. Overall, the daily time frame is very bearish.
Illustration 1.02
Just a while ago we predicted that cryptocurrencies would see capital outflows while gold would see capital inflows. This has proved to be the correct call as gold has resumed the bullish trend recently. Indeed, this week gold saw the biggest volume increase since June 2013. We think this phenomenon will strengthen in the short-term and medium-term future.
Technical analysis - weekly time frame
RSI, MACD and Stochastic are all bearish. DM+ and DM- are bearish too. ADX contains relatively low value which suggests the current trend of higher degree is very weak. Overall, the weekly time frame is bearish.
Support and resistance
Immediate support lies at 39 558.70 USD. Short-term support appears at 32 950.72 USD and short-term resistance sits at 45 850 USD. Resistance 1 is at 52 089.60 USD, Resistance 2 at 59 250 USD and Resistance 3 at 64 895.22 USD. Major resistance level sits at 69 000 USD meanwhile major support level 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.
Supports for BTC - only small chance that price can go higherWell whole market does not look good. We can see even on the dominances charts that btc should do a move - i think price will break down. Several reasons. Total market cap is going lowe and it is really bearish - profits are taken back from the market. Another one - all stocks indexes looks very very bad - so i think there will be war soon unfortunately :/ Another reason is that inflation is really high and they cant print more (quantitative easing) = means when FED increases the interest rates - all markets will go lower...
Stay Safe, preserve your capital and be patient.
THIS IS NOT FINANCIAL ADVICE, I AM POSTING THIS JUST FOR EDUCATIONAL PURPOSE
Not in a stable Range. Hi everyone.
First I want to thank you for your support and your previous suggestions.
As I mentioned before bitcoin should get close to $30000 and the hype that we experienced of the news as mentioned on past post sould not make a big movement in the process.
As always do not forget this is not our game. Big players make the action, We only can choose sides.
Let me know what you think.
Thank you all.
Note: I am not a financial advisor, All the content is based on personal research and ideas.
The Elliott Wave Theory Powered By BS on Hard Fork Café 19/02/22- ZOOM
- Elliott Wave : Motive waves :12345 corrective waves ABC
- The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology
- see also this prediction
- this analysis will be invalidated when the price cross the line that passes through the tops,and can serve as a trigger after the price makesthe ABC corrective waves
BTC UPDATE-FEB 2022BTC is in his long channel
there is 2 ways to its TP green or Orange line :)
for traiders its important to look to btc SUPPORT LINES
FOR INVESTORS the long vıew ıs ok to take ın
for low risk: ıf 45000$ support line breakes up successfuly it is time to take in
what do you think?
I think maybe a shadow to lowest price of channel may happen but the tp is still availible :)
be care, think yourself and decide!!!!!!!!
Bitcoin - Why no new ATH will be reached in 2022Bitcoin rallied over 34% since its low on 25th January 2022. Rally has been fueled by speculation that the FED would not raise interest rates as aggressively as it projects. However, we think the FED will be forced to raise interest rates at least twice this year, primarily due to high inflation which poses structural risk to the global economy. Therefore, we think the current price rally will be short lived and no new all time high price will be reached by BTCUSD in 2022. Instead we think upcoming rate hikes will act as headwinds for further rise in the price of Bitcoin. Additionally, the current bounce in price coincides with retracement towards medium-term SMA (50-day SMA) which is a natural phenomenon and tends to occur when price deviates too far from its moving average. For this reason we will pay close attention to the price and we will watch whether it will manage to stay above its 50-day SMA or not. We expect a drop below the 50-day SMA to be accompanied by resumption of selling pressure. Because of that we would like to set a new short-term price target for BTCUSD to 42 500 USD. Additionally, we would like to set a medium-term price target to 40 000 USD.
Illustration 1.01
Illustration above shows the daily chart of BTCUSD and its volume. Volume can be seen declining as price keeps making new highs. This suggests new buyers are increasingly harder to find near the 44 000 USD price tag.
Technical analysis - daily time frame
RSI is bullish, however, it shows first signs of flattening. MACD performed a bullish crossover above 0 points which is positive for BTCUSD. Stochastic oscillates in the upper area which is bullish. DM+ and DM- are bullish too. ADX undergoes reset through decline. Overall, the daily time frame is bullish.
Technical analysis - weekly time frame
RSI continues to develop medium-term bearish structure which remains intact. MACD is bearish as well. Stochastic oscillates in the bearish area but points to the upside. DM+ and DM- are bearish. ADX contains relatively low value that is on continuous decline. This signals no trend is currently present in BTCUSD; additionally, it suggests choppy price market action. Overall, the weekly time frame is bearish.
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 trade.
Bitcoin Breakout Confirmed! Golden pocket target at 55k..Hi traders,
55k PRICE TARGET
As you can see on the daily chart of Bitcoin (BTC). A resistance line has been a key figure in this downtrend. However, this resistance line was just broken and we have broke out! Pulling up the Fibonacci Retracement, it's safe to say the golden pocket target is at 55k. Watch this level very closely,
Safe trading
-Pulkanator