Btclongterm
Daily BTC 1WChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-week interval. First of all, we will use the blue lines to mark the uptrend channel from which the price goes sideways, while locally, with the help of yellow lines, we can mark the downtrend channel.
Now we can move on to marking support areas in case the correction starts to deepen. And here, in the first place, it is worth marking a strong support zone from $ 26,437 to $ 25,262, however, when we fall below this zone, we can see a drop to around $ 21,684.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $28,635 to $30,271, when we manage to break it, we have a second zone from $32,979 to $34,819. Only when the price breaks through both zones will it be able to move towards resistance at $37,426
At this point, it is worth mentioning that the price is still in a long-term uptrend above the EMA Cross 200.
Please note the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the transition to a downtrend, while the RSI is approaching the middle of the range, but there is plenty of room for the price to go lower to the previously mentioned support zone.
May12: BTC (3D) Updating prev LT projection, time to deploy LongUpdate to prev BTC (3D) LT projections.
Next retracement low likely occur end-May to early-June.
By mid-Sept, we will be back >30K, likely higher.
Also added highlight:
1st LT target @ $99.6k-$119.5k
Further technical targets being: $170k, $200k
Final technical target: $250k (may under/overshoot this, depending on then global monetary policies / government regulation aka intervention)
#BTC #BTClongterm
Original post:
BTC/USDT 1DChart - Fundamental analysisNow let's move on to checking the current situation on the BTC to USDT pair, taking into account the longer perspective on the one-day timeframe. First, we will use the blue lines to mark the sideways trend channel from which the price has gone up. It is also worth marking with a yellow line the downtrend line that has been overcome.
Now we can move on to marking the places of support in the event of a correction. And here we see that the first support is at $25745, below we have a return to the channel where it is worth marking the support zone from $23718 to $22191, however, when we fall below this zone, we can see a drop to around $20601.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. And here we immediately see that the price is against a very important resistance at 0.786 Fib at $28832, while the next equally strong resistance is at $32474.
At this point, it is worth looking at the EMA Cross 10 and 20, which nicely indicated the place of return to the uptrend, and what's more, when we turn on the EMA Cross 50 and 200, we see that they also indicate a return to the uptrend after a prolonged downtrend.
Please pay attention to the CHOP index which indicates that the energy has been exhausted which can give a local sideways trend, the MACD indicator indicates an uptrend, while the RSI is at the upper limit of the range, the price may go higher but it is worth keeping in mind the upcoming rebound as after each increase.
Swing BTC daily 🟢🟢🟢Long position on Bitcoin was initiated between the price range of 20600 and 21600 with TP: 22150 or 23000. The trade has a SL set at 20150 to limit potential losses. It remains to be seen whether the price of Bitcoin will rise to the target levels or fall to trigger the SL.
SL: 20150
TP1: 22150
TP2: 23000
EN: 20600-21600
Happy trading guys! TraderB :)
Btc Analysis and Trade Idea💸 #BTC (Bitcoin)💸
📊 3H-30MIN
Follow The Trend and waite for long confirmation in Bullish Order Blocks
🟢Minor Bullish Order Block:21500$
🟢Major Bullish Order Block:21350$
🟢Major Bullish Order Block:21000$
🔴Minor Bearish Order Block:22700$
🔴Major Bearish Order Block: 23600$
⚠️Daily Volume profile 18885$
➖➖➖➖➖➖➖➖
📊Powered by Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
➖➖➖➖➖➖➖➖
👤 Analysis by Trader_Needs
📅 03.08.2023
📫Get Free Access to Premium «Analysis + Trading Signals. »
BTC IS VERY BEARISH IN BIG TIME FRAMESFirst of all, we know that if Bit gets low prices, mining will no longer be profitable and many problems will arise, but we are technical, instead of trusting the words and opinions of elders and the media. We rely on charts and the chart now shows something like this.
Now that everyone is looking for a new peak in Bitcoin and thinks that they have experienced a heavy correction and now is the time for big climbs, it is better to share this view.
I think we are in wave C of a big falling triangle of the monthly time frame. This reversal is also for wave E from C of the big triangle. My expectation is that we will go down from the specified node of $31,800 to $47,000 to $1,200 to $760 within 100 weeks at the most for the big wave D of the triangle.
This analysis is long-term and takes months to prove. Do not be the only basis for your decision.
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the United States.
Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior.
BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64.
As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process.
The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00.
Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin Vs Gold Long Term Trend Long term signals usually prove that they have a good value. In this chart we can see that Bitcoin has made a
- Crossover at MACD,
- Close to crossover at RSI trend
and
- Below 200 EMA
Which makes me think that this is a valuable entry point.
Dont forget this is a weekly chart and needs time to work.
Please DYOR.
Bitcoin Historical Reference Map 2022-2024::This chart is a sifting & filtering of data from the previous cycles.
::This is a reference guide made from time and percentages and general price movement spanning from the inception of Bitcoin until present day.
::This was made to be a useful reference and by no means should this chart be interpreted to be an accurate prediction of price and time (although I do believe it may be pretty damn close).
::If you would like to ask any questions about how the chart was constructed, or what information and details were studied to produce this chart please ask me in the comments and I will be more than happy to explain my thought process/how the percentages and times were calculated ETC. Much of this was compiled using information from the LOG chart, but has been presented here using a LINEAR chart because both charts share particular angles of perspective needed for the bigger picture.
Enjoy.
Nov2022 - BTC (3D) - Next Peak $200-250k by 2025 + Risk FactorsDear anons,
Provided another longterm projections based on past BTC peaks, dated back to 2017 & 2021, respectively.
💡Summary:
NEXT PEAK
> time target: mid/Dec 2024
> price target: $200k, 220k, 250k
**factors affecting targets marked on-chart
..
💬 Extra Note:
with various forms of hidden/blatant power wrestles ongoing btw China & US
dat includes COVID plandemic aka engineered supply shock & globe-wide inflation
Fed rate hikes aka exporting inflation everywhere else by weaponizing Dollar
Ukraine war aka engineered gas & food inflation
China zero-covid lockdowns aka weaponizing supply chain
who knows wats next... Taiwan? CBDC's? Plandemic 2.0?
based on above ongoing or potential macro developments, we're likely to overshoot on next peak target, with high certainty.
think: $250k in REAL terms w depreciating dollar... ;p
See you in 2025! cheers~ 🥂🔥
Bitcoin - Death and GloryHello,
this is an Update to my last two Bitcoin ideas.
1.
2.
So far Bitcoin followed the way as shown in these ideas and i am currently looking for Short opportunities for the next leg down.
Short explanation as mentioned in the last two ideas.
Bitcoin price moves similiar to the 2017/2018 swing:
- Orange circle: Generate a top
- Downbreak to the 50% Fib (Blue circle)
- Red circle: Take out resistance that was generated by around that top / stopped the uptrend
- Downfall to the 23% Fib (orange rectangle) and genrate a Swing (but no break in MS)
- Retesting orange rectangle a few times and downfall
- Downbreak to the 50% Fib
So whats next: To consider a short i would want the weekly close below the orange level aiming for the Green rectangle.
I will buy Bitcoin at the Support level (green rectangle) or on a reclaim and S/R flip of 23k level.
If Bitcoin breaks down to the green rectangle we should see a long low-volume period followed by a retest of 50% - 61% FIb level. Retest again of the green rectangle and start of the next bull cycle. Time wise it could start around Bitcoin havling 2024.
So to recap my plans:
1. I only buy / long on the green rectangle or on a reclaim of 23k
2. Looking for shorts if we see a weekly close/open below the orange rectangle.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
BTC WAVE PATTERNThe entire rise of Bitcoin from its birth to the top has been a diametric.
Where I arrow and wrote G, the diametric that had lasted for more than 12 years and was bullish has ended and we have entered a correction.
On the daily and weekly chart of Bitcoin , we are forming a neo-wave triangle for a large wave x That is our correction
We had wave a and wave b, and now we are in wave c of this triangle, which has become a diametric or symmetrical or wxy, and now we are in wave g of this diametric, of course, in my opinion.
From the point of view of neo-wave, I imagine such a path for Bitcoin .