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Btcneutral

BTC @ Critical Support Level The idea here is about BTC: Since the last published idea about BTC Right now we are at a very critical support level on a daily chart with ascending triangle formation. If price moves up we might have a resistance at 20.3K. This week will be crucial and will decide which direction the price is heading. Points as per TA on a Daily Chart: 1. Ascending Triangle formation & broken out of falling wedge on daily chart as per below: 2. Bullish Cypher pattern completed on a weekly chart & potential trend reversal expected. Long Entry, Stop Loss, Targets are explained detail in the below chart: 3. Sea Pony (Advanced Harmonic pattern) completed on a weekly chart & potential trend reversal expected. Target and pattern explained in detail as per below chart: 4. Current trend from 8th November 2021 till date has formed a falling wedge pattern with Lower Lows (LL), Lower High (LH). The price is very close for breaking out of the trend as explained in the below chart: 5. Trading way below 50 & 200 EMA on daily & Weekly chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a Monthly is strong buy, Weekly & daily chart is Strong bearish at the time of publishing. 7. RSI is at 42.89 on a Daily chart, 34.09 on a weekly chart & 41.69 on a Monthly chart at the time of publishing. 8. MACD almost converging towards signal line on daily chart, hopefully it will bounce back above the signal line. 9. Hull Moving average on a Monthly, Weekly is strong buy & daily is sell at the time of publishing. 10. Entry: I would suggest wait for confirmation on long or short entry. Since, unable to know which direction the price is heading. However, keep in watch list for the week & alert for price momentum. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
BITSTAMP:BTCUSD
by Tron029
btc neutral no down no break out why ? THE REAL CRASH IS COMING… buy or not buy , Bitcoin has nearly satisfied its purpose of eliminating middlemen from transactions and improving financial democracy. More than a decade since its emergence, the asset has been attractive to millions of users worldwide and still dominates the total value share of the crypto market. Interestingly, a crypto locksmith identified as “Or Weinberger” has made a profound discovery about a decision that could have given the asset a different name. On Aug. 18, 2008, Bitcoin.org, the domain linked to Bitcoin, was registered by Satoshi Nakamoto under AnonymousSpeech, a Japan-based service that allows users to purchase domains anonymously. Interestingly, it has been observed that he also purchased a domain called Netcoin.org under AnonymousSpeech on Aug.17, 2008
by Tayyab1211
2
BITCOIN UPDATE: LOOKS SKEPTICAL!!!Welcome folks to my new update on BTC. I am using 6 hours timeframe to analyze this chart. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in 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 it or use it to understand the market. BTC looks skeptical at this present price but we always have support and resistance to analyze the price movement. I am gonna divide this update into two scenarios, the Bullish scenario, and the Bearish scenario. Bullish Scenario: The current price of BTC is right above the support line from where BTC has bounced back multiple times. This support line is roughly between $37k to $38k . We may probably see BTC coming back to this support level and then bounce back or a straight higher rally from the current price if BTC breaks the 21 MA/$40k resistance . Once it breaks through then it will definitely try to reach the $44k resistance level. Bearish Scenario: BTC has been failing to break above the yellow dotted resistance which is at $40k . Also, the current price is below 21 MA. If BTC starts to drop then there is a possibility that BTC may drop up to $35k . Talking about the volume then we don't see any volume coming in. Conclusion: No matter where BTC makes its upcoming move, I believe that it will stay in between the $35k to $44k level. In a lower timeframe, these two levels are important to keep an eye on. Altcoins: Altcoins will react based on BTC. The trade setups I gave are still valid but I am not investing a chunk of money right now. I am playing safe with some portion at the spot and around 2%-3% on leverage. Remember: Whenever you are skeptical about the market, stay away. It may pump hard but that's ok. If it bleeds and you are holding positions then you lose something. On top of all this, the weekend is here so be extra cautious. I hope this idea was valuable to you. Do like, follow and share this update with as many traders as possible. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
2
btc pullback in weekly time and is a very sensitive placeWell, dear friends, many people are now thinking that it is going up a bit !!! Right at the end of the weekly time, which is still 4 days until it closes, after the failure of a very important support, which is also characteristic in the chart, it backs up to its own failure, which may fluctuate in these points until the end of the week. it can be stabilized around its resistance of about 46500. It may raises to about 44,800 to 45,500, then corrects again to the levels of 40,000 or 42,000, and then we look at the other possibilities again, which of course are in the chart, so by considering all these cases, try your trades as well as your knowledge and experience.and Manage your assets...
by arsalancrypto85
IS BITCOIN GOING UP OR DOWN? LET US FIND OUT!Hello traders, We have a very interesting setup here! -Looking at the BTCUSD chart, we have different scenarios that can take place, and these scenarios are being guided by our trendlines, as we can see in the chart -We have basically, 2 important channels in this chart; and these channels are going to guide us also -The trendlines are acting as important supports and resistances, that is if price breaks each of these trendlines we’ll have to expect a different view of the market -Considering where the market is now, if price breaks the lower green trendline, we can expect it to move towards the yellow one and vice versa -So we’ll just have to watch it closely from now on. -Price will definitely go up or go down, so either way we’re going to be expecting it, with our trendlines guiding us!
COINBASE:BTCUSD
by deforexmafia
BTC, the reboundAt the time of this post, BTC has a JDK-s ratio of 96.335 and a JDK-s momentum of 77.737. (I wish Tradingview had a RRG platform right now) This bearish sentiment is ever so slowly turning around and it is looking really good in my honest opinion. BTC has not dropped below 30k and still has downside risk. But the gains are getting better and the losses are (while still big) contained. This is a very good sign as the RRG shows improvement at a snails pace. I'm keeping the investment strategy here at neutral because I am sidelined waiting and watching. Cheers to a potential strong ride up!!!
COINBASE:BTCUSD
by Joshuakm
2
Dead Cat bounce or Range accumulation? I really dont know where the market is going, however if this is the start of a bear market I still expect some type of dead cat bounce. Dead cat bounce to try and stop the inevitable "Death Cross" which is when the 200 MA crosses over on top of the 50 MA. There is non-stop "Fear. Uncertainty, Doubt. aka FUD" in the news and almost no positive news is moving the market in a bullish way. Negative news has a dramatic effect the last 3 weeks. Might be the short of a lifetime but need more price action to make a convincing decision!
BITFINEX:BTCUSD
by I_amPoeticJustice
BTCUSDT$BTCUSDT is in very dangerous area for now When if $BTCUSDT will ricochet from the black support to up i am waiting for bullish until red resistance But if $BTCUSDT will break down from the black support i am waiting super bearish until 41.000 resistance Now? Now We are in good purchase situation, You can buy some crypto if $BTCUSDT wont break down from black support close 4 hour ness 2 candle throughout If $BTCUSDT will close 2 4 hour ness candle under black support you must be think to STOP-LOSS Resistances: 48.500-52.500-55.000-60.000-66.500-79.000 Major Support: 41.000 Thanks for your attention. You can ask everything I am waiting Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates.
by abdullahclz46
BTC Suffering#BTC broke down the triangleand landed on an important level ( mid-term channel support and fibo support ) if the support zone gets broken BTC will Start a Bloodbath on the market... #Market needs some good news in order to maintain the support and re-enter the triangle and break the MOST Important and Strongest Resistance Level that ever existed on whole #BTCUSDT History #Sometimes doing nothing and chill is the best thing to do, actually its like being in a real position ! #stay safe and happy trading./
by SlasherKing419
2
Three Alternatives to Charting Uncharted TerritoryWithin technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in similar areas to the one you are trading in now. When a price moves up like crazy such as what bitcoin did, you won't see anything on the chart that is comparable or that you can relate to. In that case, you have to be creative. You can either go back in time, and find comparable prices way back. The downside here is that the further back you go, the less predictive that action is. You can also chart based on psychological support and resistance. Think creatively about at which points the price is likely to bounce and use those instead. And finally you can use other price action indicators such as the Fibonacci retracement. In this analysis I show all of these. Let's walk through them one by one. First of all, you can clearly see the Fibonacci retracement. I used the most recent low, and the most recent high to draw the fib. Immediately, a few things stand out. We see the beautiful bounce around .236, a level that usually only matters in very bullish set-ups as the price often breaks right through. Also we see that there is resistance at the .382 level and at the end of the golden pocket. You could use that information to determine a good entry for a long and estimate a reversal point. Then, I also looked at price action way, way back. We see a very interesting horizontal zone coming from July '19. There was also another horizontal zone that didn't fit on the chart anymore around the $17,200 from January '18. You can use the upper one to mark an area where you can expect resistance, and the lower one as an area where you can expect support. And then finally you have psychological levels. I highlighted one very important one here at the $16,000 level as I expect we'll be mostly looking at the more bullish levels soon anyway. The price beautifully bounced around that level and I expect it can happen again. The price might get rejected and reverse when it's moving upwards around that level, or break through and use a S/R flip to find support again near that same level. As for my expectations on price, I expect a form of consolidation now where BTC will not be the star of the show for a while, but instead we will focus on great Alt opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSD
by Trading-Guru
4
Bitcoin Likes False BreakoutsCOINBASE:BTCUSD likes to confuse traders with its price action. In the green circles, we can see the support break twice before the price shot up to resistance. Once price broke resistance, Bitcoin came down to the support zone and bounced off like a textbook triangle breakout. However, The support zone broke which makes it resistance again. Right now we can see the price falling through support again. On the 15 min chart, we can spot a bullish divergence on the rsi so it likely the price will bounce off the support area again. As of now, it is unclear whether or not the price is bullish or bearish because of the many false breakouts Bitcoin likes to make. Right now im 55% bullish because of the divergence on the 15 min chart and 45% bearish. We switch from bullish to neutral for this moment. When the price goes up again to the green support/resistance zone, I will switch back to being bullish. However if the price keeps falling, We have to switch to being bearish at least for the short term.
COINBASE:BTCUSD
by VinanceYT
BTC Consolidation before BullBTC daily candle closed below R1 and got rejected pretty hard shortly above it resulting in a quick 6 min sell off. Price looks to have stabilized. EMAs coming up for support, but Daily MACDs turned slightly negative. The 1HR chart has a bullish MACD cross but there’s heavy resistance up ahead so I don’t see it breaking out over next few days. Lows from the sell off should hold but I expect a volatile week maybe of consolidation before we continue the bull run. Long term & Intermediate term still bullish, but Neutral short term (1 week if not shorter). Any positive news on Stimulus Bill could change things quickly. Good time to load up possibly buy any dips, I don’t think we’ll be here to much longer and possibly never again. In the short term look for the laggards from this last run up to take center stage again ie. VET , LINK , XTZ some others definitely but I have a feeling some of the majors might start getting left behind not including BTC or ETH.
COINBASE:BTCUSD
by MambaTrader24