What if BTC went to $10k-13k, bounced and went to $100k? An ideaHere's a longer term idea I'm playing around with and my reasoning for it:
When price broke $13k, it tested it 3 times prior to breaking through resistance and on higher time frames, never retested the level as support. On top of that, price rose really quickly after breaking out, unlike the normal start to a bull run where price rises slowly and then accelerates towards the peak.
Because of that, I could see price coming back to test the $10k-13k supports sometime this year before resuming the bull run. What also leads me to believe that this is a possibility is that the charts of other major crypto currencies like LTC, ZEC, etc., also look to me like they want to correct to the mid double digit ranges which makes me believe that Bitcoin would need to fall much lower for that to happen.
This is just an idea for now, but I think the probability of it playing out gets greater if BTC can gets under $25k at any point.
Btcidea
BTC set UP TIME FRAME 1 MONTHLYThis TF1M look at arrow, key candle at January 2022. if candle close at above 42.629.001$ need candle in Februari break closing 48.000$ after is BTC still not healthy, need confrimation if want brekout, because BTC must closed price above at 52.930$. and continoues bull , if BTC failed close 52.930$. and only Close priceat 50.830$ this is very dangerous . becaus HNS Formation created in TF1M . this very importan, and break down go to 22.000 $ -17.220-16.609 $ , if BTC can created Engulfing in Febuari - March 2022 BTC can MOVE rally to 83.000 -85.000$
Bitcoin: Momentum Buy? Bitcoin - Intraday - We look to Buy a break of 43626 (stop at 42876)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Neckline resistance 43600. The bias is to break to the upside. Our outlook is bullish. Offers ample risk/reward to buy at the market.
Our profit targets will be 45688 and 46688
Resistance: 43600 / 44000 / 45000
Support: 42500 / 41500 / 40500
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BTC- My Analysis.BTC is still running in the accumulation phase. 2 weeks ago I shared the targets of 40k and now it's happening.
1st Scenario: If BTC doesn't hold 40k to 38k level on a daily candle then we will enter into the bearish market and the market will fully likely turn into the bearish market. ( Head and shoulder pattern break scenario )
2nd Scenario: One of the most likely scenarios is a reversal from 40k to 38k level.
What I am expecting: 65% up and 35% down Confidence level for the downtrend. As a trader, I will watch and put the stop losses on my longs as well as spot trades. Never Open any trade without stop loss.
-----Your Truly : Basit Khan
Is BTC Bull Run Over? Check This Out!After Bitcoin broke it's previous ATH we saw a steep correction. This was due to many factors like the sale of nearly 4k BTC, the S&P 500's downtrend, Evergande's recent default, the new variation of the bug, and recent regulatory/taxing decisions made by the United States government on crypto. Since then we saw a strong recovery from the S&P 500 after bouncing off its 100 Day MA and breaking past its resistance at 4657. This brought enough confidence into the market for BTC's moon mission to continue. Why am I so convinced? Check this out. Here we have BTC on the weekly. A clear line of resistance can be seen followed by a breakout, then retest. The same goes for the RSI.
Comment bellow and let me know what you think.
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Bitcoin Entries + Exits FOR FREE!The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
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BTCUSD 2022 is gonna be hell for whoever is still holding on btc as an investment, thic coin is crushing down probably to $30k/$20k or more.
there is a huge divergence between the two HH on the daily and on the 4h too, it went bellow the 200ma, forming new structure, heavy bearish momentum.
frankly if btc went and retraced to 52500.00/0.618 fib with a touch of the trend line and one of the ema's wth low bullish momentum iam strongly selling.
BTC NEAR FUTURE PREDICIONS (1H CHART)Technical Analysis Summary
BTC /USDT
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND INTERNAL TREND)
We have 1 Uptrend in green color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from the past I add just for explanation purposes (these levels are no longer entry positions)
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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BTC TrendHere is the second idea from the higher timeframe, Weekly chart. Setting on the chart on 1W tells yet another story of trend continuation if the price were to hold onto ~$54,500 levels this week. Followed by this I would expect a bullish rising wedge pattern, as I have drawn(forgive my poor painting skills) on the parallel channel to hit the $73K or $78K levels. Waiting patiently!!
BTC going down? BTC USDTIs BTC going down?
I felt sorry for many people because of this situation. It was really a stock market manipulation. Or so I think. Because big volume single candles can be drawn by a large whale.
First of all, I will introduce you the signature of our biggest whale on the chart.
Yes it looks like a harmonic pattern. But there are about 70 different patterns that I know about harmonic patterns.
This is different from them. This is actually a signature of the rising trend of collecting goods . In harmonic patterns, it enters the decline process after the D leg. Fibonacci levels are traversed in order. 1.27 and 1.618 are good collection points. This process does not happen immediately. It enters a downtrend and moves in steps.
But this signature is different from them. Normally, it should break the old support points and go down to the bottom, but this pattern does not give us that. First of all, it gives the impression of falling. Then we try to identify the levels. We know the price will go down here.
A measurement like this;
It's most likely a shark pattern. Actually no, this is the signature of the whale, which indicates that a new trend will start and wants to collect goods. People open short position believing that prices will fall. Of course, for this, they want to make sure that the prices will drop a little and that the decrease will continue.
When they see closes below the support level, they open a short position. People start to sell their goods. Then the whales take the goods that are sold. Crypto markets analyze where short positions will be liquid. And then all the short positions are liquid. Whales are happy with the goods they receive.
This time they believe that it will rise and they open a long position. Exchanges again collect statistics and pocket the money.
Then analyzes are made. It is thought that the descending triangle and the prices will go down as in the chart below. The wicks of the candles also point downwards. Symmetry down. Investors try to open a short position again.
Descending triangle, head and shoulders, harmonic patterns etc.
people become convinced of the down trend.
Then comes another 13% increase.
So what is the situation now?
When we look at the A and C legs in the graphic above, it is seen that this is again a shark pattern.
The level of the D leg should be 1.618 or 2.24 according to the shark pattern. It is seen that the support levels are also compatible with the Fibonacci levels. accordingly, the prices should drop to 44K.
But ;
It is also expected to rise according to the same chart. there may be a cup handle pattern with the Inverse Head And Shoulders pattern inside.
It can also be a flag pattern.
Only one question remains. Which one?
Here are the indicator values that will be useful for us
When the price is 59700 -56900, the indicator data will say it is available for purchase. When the price comes here, the rsi value will most likely be below 30, at the aroon 20 levels, and other indicators will still be in a suitable position for buying. The bottom of the channel can be thought of as a stop loss.,
Note: This is not investment advice.
BTCUSDT 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
BTC/USDT
FROM PAST (EXPLAINING WHAT HAPPENED)
BTC respected the DAILY suppport level (62701.8) (yellow level) then reached and respected 1hourly resistanse level (65656.1) (yellow level) and continued dowN to rech 15 minute suport (64433.9).
TREND ANALYSIS
We have 1 upward trend in white color and another down trend.
FUTURE PREDICTIONS
Techicals analysis can only predict move ahead
First Scenario
We can either continue going up and break the down trend and hit our first resistanse level 66326.8 (In Red) and start the reversal downward
or we can break the level and go to the greedier resistanse level 68405.1 and start reversal.
Second Scinario
We sart moving downward and break the up trend to reach the support level 60911.5 and start reversal upward.
I use the momentum indicator only as a additive to my trading but i dont base my trades on it.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
A HUGE CORRECTION IN BTC ?There might be a huge correction in BTC
- 1/4 Hours Analysis based on Supply Demand & Wyckoff, Price Imbalance, Structure
- 1 Hour Distribution Wyckoff Formed
- UTAD had played out
- Wait for LPSY to form ( retest and confrmation)
- Short at LPSY (scale down to 1-5 mins timeframes for better risk rewards entry)
- Take Profit at 1/4 Hours Demand (could partial or conservatively, take all, there are many imbalance and supply demand have not mitigate, signs show price moving too quick)
- Whale might want to dip in lower price
-BTC consilidate in a long period and pump up quickly lately, sign shows Whale manipulation is high, and they might want to push price lower and dip in future
BTC is preparing to test support level at $31KHello there,
I am trying to analyze BTC for the next trade. And here are what I see:
- The Supertrend is bearish now. This trend happened for a while.
- It passed under the SMA 20 line and lower envelope.
- It is testing the Support Level at $40K
- The Volume is still low but it is rising. It should move up to pass the Zero Line to confirm the trend soon.
==> So I believe the BTC price is going to down. It will break the $40K Support level and go to the next Support level at $31K within 2 weeks.
However, "Trade what you see, NOT what you think.", I will wait to see the D1 candle close at ~$40K and/or the Volume Oscillator passes over the Zero line to entry a Short position for a confident trade.
I intent to Take Profit at ~$33K if the momentum is not really high. Otherwise, I expect to Take Profit at ~$29K, when the momentum makes the price dump to this level (and then bump back a a little).
This is just my personal idea and would like to share with you, not financial advise.
Lucky Trading!
BTC what's wrong with you Hi, In the last BTCUSD pump i warned you that it will come back and will test the previous resistance as expected it comes under 43500, and then it is up again
As you can see almost two times it is rejected by resistance and yesterday it was heavily rejected and facing resistance at 200EMA as well and was unable to close above that
And as you can see it is making new lower lows as well
I am eying on the 47200-300 area where it will be again rejected and will be pulled back again to 42-43 area
so liquidity in that zone is still a lot and it will cover that as well after that no turning back for me
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