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#BTC/USDT 2HOUR UPDATE !!Hello, dear traders welcome you to this BTC/USDT 2HOUR chart analysis. I have tried my best to bring the best possible outcome in this chart. Hello dear traders, If you find our charts helpful then support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. CHART ANALYSIS: In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern ( Inverse H&S ) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time. Now let's get to the chart. BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above $31.5k) from this wedge then our target is $35k or if BTC breaks down (Break and close below $29.5k) from this wedge then our target should be $26k Let's wait for the breakout or breakdown then we will decide our next move. What do you think about this? Do you think we go to $35k from here or $26k? Share your views in the comment section. 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
#BTC/USDT WEEKLY UPDATE BY CRYPTOSANDERSHello, dear traders welcome you to this BTCUSDT WEEKLY chart analysis. I have tried my best to bring the best possible outcome in this chart. Hello dear traders, If you find our charts helpful then support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. CHART ANALYSIS : As we can see in the above, mentioned chart that weekly candles closed at the price level of $31328. After the weekly candle close BTC again tossed some % and moved downside, currently BTC is trading at the price level of $29500. Here it is evident that whenever BTC touches the lower green line support it bounces and left a wick every time. So, lower green support can be considered a strong support zone for BTC. Here, BTC needs to candle close above the lower green support to stay in a bullish 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.
by CryptoSanders9563
1
#BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, members and welcome to this BTC /USDT quick chart analysis. As I mentioned in my previous chart that is Nothing much change to see at this daily time frame BTC is still trading above the support zone which is $29.9k - $30.3k and the support zone is $26.9k the resistance labels is $35k.$40.8k.$47.3k This is not a piece of financial advice. Then, hit the like button and share your chart in the comment section if you like it. thank you.
by CryptoSanders9563
1
Bitcoin forecast - short-term long with a target of 32360Hello, colleagues. Our previous short-term trade is already reaching its target. Unfortunately, it reached it without us, as the Bitcoin price was just a little bit short of the entry point. We were counting on a false break of the trend line, which did not happen. At the moment, we see that the BTC price is falling without much enthusiasm. We do not see any aggression in the size of the candles or in the trading volumes . Therefore, we conclude that the bitcoin price pullback after the powerful wave of fall is not over. Short term bitcoin trade: Entry: $27973 Stop: $27457 Take profit 1: $30659 Take profit 2: $32353 After the first take profit triggers, we recommend to take the position to Breakeven. In case of an error, the BTC price has all chances to renew the low. Therefore, if the mobility of the deposit is important to you - a stop order will protect you from problems.
Long
by P_S_trade
45
We are going down! Certainly! maybe.. wait.. Its still bullish?What an absolute blood bath! The Crypto Fear and Greed Index has dropped to some of the lowest levels EVER seen! Surely this means the end of Crypto?! Skip to Bitcoin Technical Analysis if you are familiar with the macro-economic picture. Bad macro-economic news, stock market crashing, cost of living rises, rates rising, run on UST (LUNA) - the world looks terrible at the moment so how on earth can my TL;DR be this: Crypto remains less bullish than a week ago, but still bullish in the larger timeframes. First off, lets contextualize what has happened in the last few months. The cost to borrow money (measured in interest rates) has risen over the last quarter(s). In the pandemic, it cost nothing for institutions to borrow so all that free cash flooded into anything and everything - INCLUDING speculative asset classes like our baby boi Bitcoin. Since the beginning of 2022, central banks all over the world began raising rates which increased to cost of borrow so heck it, if I was an institution and I was up a few 100% on my borrowed cash I'd sell a portion of it to pay off that debt that's starting to cost me as well! Below is the amount of interest paid out on a 10 year US Bond - this is a benchmark of how much it costs to borrow. It's gone from next to nothing to borrow, to an absolute high - no-one expected that! Secondly when this profit taking happens, in its simplest form it is assets being sold. Most of those assets (because its the biggest currency in the world) are sold for dollars, increasing the demand for dollars and strengthening the dollar relative to other assets that aren't as demanded as much, for instance Bitcoin. This has a deflationary affect on dollar denominated assets (e.g BTC/USD) causing the dollar to be worth 'more' and increasing the amount of asset you can buy for your dollars. Below is the dollar index. It has strengthened by 15/16% since March 2021. While not entirely a perfect way of looking at things if Bitcoin had sat still in value since then, because the dollar has strengthened, you would be able to buy 15% more Bitcoin (and so Bitcoin would be worth 15% less). Seeing as BTC is 60% off its all-time-highs, we can say that roughly 1/4th of that devaluing is because the dollars has strengthened alone. Bam - that is the entire macro-economic context behind why the market is going down. No crazy theories, no ultra complex economic charts with blah blah RSI this and MRSAIKW Indicator says that! Crucially we can see from these two other aspects that they have gone parabolic like ALT coins. How much further will they go - will they take a rest seeing as they are at pivotal resistance areas? This is where we turn to Bitcoin and look for that larger timeframe bullishness I mentioned above. Bitcoin Technical Analysis Numbers marked here correlated to the Bitcoin Chart: 1: Bitcoin trended bullish (price oscillating upwards, making dramatically higher highs and higher lows), terminating that trend at 65k in January 2021. When a market trends then pauses, this is called a range (price oscilating between two rough price areas). If a bullish trend precedes a range, there is a slight statistical probability that the range is broken to the upside - so this frames our initial understanding of Bitcoins future probability of exiting this range upwards and continue on its final leg of this bull cycle. The range boundaries were then set when we oscillated off the 30k area and back towards all-time-highs. All of this is fact, not opinion. No interpretation or gurus screaming to FOMO in. Cold. Hard. Unemotional Fact. 2: Bitcoin made a slight higher high (a failed high whatever you want to call it). This demonstrated that despite devaluing more than 50%, buyers were more active than back in January 2021 and seller demanded higher prices before selling. This shows underlying strength. In an ideal world we would have continued the previous bull trend higher but that does not undermined the addition to probability that the fact that we made a slightly higher range high AND have a bull trend preceding this range gives us - probability favors bullish price action in the longer timeframes. 3: The grey box marked between 33-37k would have been the dream place for bullish price action to reactive. A range preceded by a bullish trend, with a higher range boundary made (following and second range boundary marked as 1. on the chart) AND a higher range low (than the previous 30k low) would have meant not only did sellers fail to take over until price broke above the previous all-time-high, but those very same sellers failed to stay in control to get close to the previous range low. Instead, the break of 33-37k and retest of the 30k area slightly undermines that bullish outlook so caution is needed but the grand picture remains the same. We have a bullish trend preceding a range with strong evidence of bulls being in control and making a slightly higher high = probability favors bullishness and so the 30k area is less likely to be broken down than for price to reactive bullish. Finally and nuanced - combining this analysis with the two points noted about the rising rates and strengthening dollar - EVEN WHEN both of these macro-economic forces absolutely smashed Bitcoin, buy side pressure has STILL remained strong enough to hold the 37-47k support area for months and is now holding the 30k area. When Bitcoin broke above its 65k all-time-high in November/October what macro-economic news was driving it then? Nothing really. What macro-economic news is driving this selling? Everything. So why was the previous all-time-high so easy to break up, but this range low seems so hard to get to let alone break down? Final Thoughts on if 30k breaks: Probability still favors bullish price action. There is NO bear market even if 30k is broken down. If Bitcoin was following it's typical crash patterns (it is not), or even just entering into a standard technical bear market there WILL be a technical rebound where bears take profits, pushing price up towards a previous support turned resistance (e.g 37k-47k or my favorite 50k-57k). As terrible as all this doom and gloom feels, the simple fact is that markets just simply do not go straight-line to the downside unless they are a bubble and Bitcoin is NOT in a bubble (with bubbles there is no value at the higher prices of the bubble. Value is defined by time and volume spent at a specific price areas. If we bounce around the highs for a few months (or atleast a long time relative to the length of the bullish trend before reaching the all-time-high) that is categorically NOT a bubble. Bitcoin has set HUGE value between 30k-65k). So if 30k is broken down, while that does undermine the bullish long term picture relatively significantly, we can very easily just sit and wait for more information when the technical rebounce comes. At this point we will be able to gauge what price action probability favors and then we can begin to say we are in a bear market but until then - say it with me: Bitcoin is bullish long term. By following the technical facts until evidence proves you wrong you avoid all the emotional bias that causes 90% of traders to loose 90% of their money. P.
Long
by MarcusAurelius161
Next Crypto pump cycleAs we reach the end of the BTC pump cycle we need to assume that it will follow what it done in the past: 1) the pump 2) the top 3) the fall 4) the stumble back up 5) the emotional pain Right now we are in the final part of the 4th stage before we get a year or two of crappy prices. Each time we've reached the top its been followed by a 70-80% decline right now we are only down 30% from ATH so according to my predictions and previous pump cycles we are due another 40-50% decline. Best case scenario It will take 475Days from the all time high which is around August 2022 for new bullrun after a 65% drop Worst case scenario It will take 475Days from the all time high which is around August 2022 for new bullrun after a 71% drop
COINBASE:BTCUSD
by cuttingpotato
5
BTC TradingFriends, this is bitcoin analysis based on pitchfork Bitcoin came out of its purple upward pitchfork, hitting the first resistance line in the middle of the blue pitchfork If it crosses this resistance, it will have two resistors , 200-day weekly moving at 25300 and the middle line of dark descending pichfork at approximately 22600 to 23000, which may be the end of the descending C wave, but if it wants to drop more, the lower lines of the descending pitchfork with Black color is our resistance Now, in order to return to the uptrend, Bitcoin must first return to the purple pitchfork and then exit the descending black pitchfork. BINANCE:BTCUSDT COINBASE:BTCUSDT
by mohammadjokardarzi
2
WILL BTC DUMP FURTHER OR BOUNCE BACK??? Welcome members to this BTC update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. Let me keep it short and simple. Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down. It will be a wise decision to stay away from trades and observe the market. I will close all my spot holdings if BTC fails to close above the support level.
COINBASE:BTCUSD
by Dexter_The_Trader
BITCOIN Forecast and Points of EmphasisCascading prices as capitulation settles in and positions are getting liquidated, we should see Bitcoin come down to lower levels in the next few months. Check previous post as well Have had it coming down for a while when everyone else was screaming for 100k Bitcoin and Crypto will be tested of the months to come Will Crypto be able to weather the storm? I think so, but only time will tell Regulations, Stablecoins, Exchanges, Staking, Yields, and Leverage are all at play in the story of Crypto Analysis is short and sweet but it's mostly for reference
COINBASE:BTCUSDShort
by bhill
BTC TradingAccording to my previous two theories about bitcoin and having 4 ideas for the final part that I have already explained, I must say that 3 ideas have been completely rejected and only the zigzag correction for the last box is correct predicted that C Wave can drop to 61.8%, 100%, 161.8% or 261.8% of A wave. Of course, wave C can be in the form of a 5 wave, which correction of (iv) wave can be in the form of a flat or triangle, Of course, this abc wave can be seen in the larger area of part C of the ABC wave than the original C. but after the end of C wave, in my opinion, is the last stage of correction, Then BTC goes up
by mohammadjokardarzi