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Btctechnicalanalysis

BTCUSDT DUMPS : ALTCOINS BLEED BY MORE THAN 50 PERCENTHELLO !! Welcome to the quick update of BTCUSDT. in the last few days, we saw BTC dumped badly after it broke the immediate support of 33000 and 31000. As of now, it is trading at around 27600 and is down by almost 19% from last week. As of now, it needs to push the price above 29200 in order to move up in the weekly timeframe. If the weekly close is below 29200, we may see BTC dump more until 19200 and then take a U-turn. As of now, everything is uncertain, Altcoins are also taking a major hit and are down by almost 50%. As of now, I would suggest everyone stay calm and be a spectator in the market, let the market make the move and when the time is right, we may take entries but it is better we wait now and have patience and save our capital. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
BTC Bounce Or die .. here we have two possible scenario , i don't want to change your opinion but you have to know that when and where to buy ... i want to use this off ! we have strong support here in this zone ( 28 k - 30 k ) so we have to hold it and if its the case , we will see new cycle (new bullish cycle) . but if this support break , price can hit 20 k ... so its your choice , be careful and don't panic ! and know that who will gain profits when you are selling at these levels ...
by cryptodiamondz
BTC Daily Analysis! Bullish Triangletoday we are looking at BTC on the daily chart and we see a bullish triangle we ae currently breaking out of and we are trading still within this sideways box. We have a ton of open money sitting in multiple spots above and below the current price action. On the top and bottom sides of the bullish triangle we have money building up on both sides and we are currently breaking to the upside. My thoughts on this particular pattern is that it could quite possibly be a retail trader trap. We have lots of downside liquidity waiting to be taken out and what we could see here is a fakeout to the upside like we may be seeing right now before shooting down taking out bottom side liqudity before bouncing back to the upside and going for all of that liquidity. The reason why i favour this scenario is because it would cause max pain for retail traders and paper hand investors, another fast spike down would wipe out money and also strike massive fear into the eyes of investors. We have a red box drawn that shows a major level of resistance, we have the 236. FIB level we have the Pivot point and the R1 resistance, we do also have multiple EMA's in that zone aswell but i don't want to clutter the chart. On the upside we have a clear Imbalance shown by the green box that at some point will need to be filled. Finally a good target will be around 47.7K at the top of our box, we have been stuck within here and a break and close above that level will likely give us some major momentum to continue moving up! Not financial advice just my opinion!
BITSTAMP:BTCUSDShort
by JacobR905
BTC bullish divergence Looking at Bitcoin on the daily timeframe we notice what we have been talking about the past 2 weeks is continuing too play out beautifully! We are respecting our uptrending line very well! We had a slight wick underneath but just like before we have held on perfectly with 0 closes underneath this level! something I noticed on the daily chart here with the RSI was a crystal clear bullish divergence! we had a higher low on the RSI and a lower "high" on price action, either the candle i have marked or our current daily candle could count, the only way for the current daily candle too invalidate the bull divergence would be by creating a higher high from the first point which is very unlikely too happen before our daily close! Now lets look back in time a little bit, if you guys noticed i have the exact same thing drawn out from FEB 19 to FEB 26th, we had a fall down too our trendline, held it, and then went on too create a bullish divergence that looks the exact same when we were in the accumulation phase! Lower high on PA and a higher high on the RSI. Now what happened following that bull divergence!? we flew up with a big institutional candle pushing us up for another leg! Now i am looking for something similar too happen here, we have held our uptrend line and retested mutliple times, we have created a bullish divergence! Now its time too play the waiting game! Not financial advice just my opinion!! PS. Everyone viewing my stuff on tradingview apologies for the lack of content i have been focusing on trading and putting content out for "friends" can't say much or ill get a strike on tradingview lol message me if you want too talk about that further, have a great night! talk soon!
BITSTAMP:BTCUSDLong
by JacobR905
2
BTC Daily Update for Potential Short! Taking a look at BTCUSD on the daily last time we spoke on this we were trading around the smaller yellow box which is acting like a sort of magnet, price action seems to be always coming back to these levels then struggling to breakout, Since then we have had a strong breakout and pushing up towards our potential short position, we are also trading within a larger sized sideways zone shown by the dashed lines. Now i have changed up the short position a little bit ive adjusted our entry point too the recent high wick above the dashed line, think that a sweep of both of the previous highs is likely, take out some positions and continue for another potential drop back into our zone. now there is another scenario where we don't make it upto the top zone and that is if we create a lower high then chances are likely we will start falling a lot sooner! Now the RSI is bac above the midline which is good for the longer term and for this short i am looking for a push upto the overbought zone which we haven't visited since mid october, due too that we are likely going to face significant bearish pressure upon reaching that point. Now with the MACD we were coming down where is appeared our bullish cycle was coming too an end, but we are seeing a significant tick up for todays bar, seeing an increase shows a rise in bullish momentum that could lead too one more pump up before coming back down! Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
BTC/USDTHey Everyone, This is BTC Short Term Chart Technical Analysis which shows of course two scenarios but clear levels for trading. The Trade set up is as follow: If the Support trend line broke, we will wait for a pullback and confirmation which do not be a Fakeout then we will enter a short position with a stop loss above the support trend line and our targets are: 39700, 38850, 38100, 37000. Or if the Price and candles remained above this support trend line we can open a long position for targets 42200, 44000 for short term. Do not forget that this is not a buy or sell advice it's just my own opinion and technical Analysis. Do consider risks and manage it well. Good Luck everyone.
by javidamiry
BTC Must Be CAREFUL!!Taking a look at our BTC 4HR chart we have been talking about this for quite some time now but we are once again struggling with the 0.786 FIB level where a fall could most definitely be triggered. The pivot points show very clearly what i am taking about, after our 4HR recently the main pivot level has moved to right below where we currently sit, if tomorrow we see another bearish close and underneath the pivot we could trigger a decent selloff, my likely target for this would be around 35K as the first one, a slip below there would have to be for a future TA. Now the bollinger bands are beginning to squeeze down on price action, the longer we see this go on for the much more explosive the move will be, the bands don't give an idea of which direction but my next point ties together with the pivot points. If we did see a bearish close for example tomorrow, if it was below the pivot point or a little above that would leave price action directly ontop of the bottom band, now this aswell can trigger a fast move to the downside. Now the RSI has bounced off support at 41.87 since falling back below the midline, we are on our way back down for a likely retest and will have to see how this support holds up going into tomorrow. We will definitely have some work to do before regaining the very important midline, getting back and above has to be the goal especially on the daily RSI, this represents confirmed downtrend (below) and confirmed uptrend (above) a lot also hangs in the hands of the economy and geopolitical conflict so it will be very unpredictable. Not financial advice just my opinion!
BITFINEX:BTCUSDShort
by JacobR905
BTC Possible Downside on the Horizon!!?Taking a look at our BTC daily chart we have fallen hard out of the bullish triangle pattern and now are pushing some crucial levels, the most important level as of right now is the 0.786 FIB level at 37.7K aprx, if we do see a daily close below this level it could trigger a bit of a slip to the downside. One critical level that we have fallen through is the pivot point right around 39.8K this is an important level because depending on the direction we fall through or break above it can trigger a run in that direction, so in this case we have seen a breakthrough to the downside! Now we will look at the moving FIB bands, as you guys can see our bottom grey FIB level lines up perfectly with the 0.786 FIB, if we fall below here and close below i would expect some downside to come, now we could fall into the next red fib band level or the next pink support at 35K exactly. Now the squeeze momentum indicator is just coming out of a big bullish squeeze where we saw some nice upside, now we are currently on our first red bar we have seen in a little while, if we continue to see these red bars day after day and with them increasing in size day after day we will be looking at a confirmed bearish squeeze. Now we have 2 parts to this indicator, the black crosses represent the squeeze portion and the white crosses represent the squeeze release, which we are actually currently seeing, the release is the mist explosive part to this indicator and can bring some big swings in price action in this case the downside direction. Not financial advice just my opinion!
BITFINEX:BTCUSDShort
by JacobR905
BTC 45K Break Coming Soon!!?Looking at our BTCUSD on the daily chart we notice that from last time we spoke on this we were looking for a potential breakthrough of the 0.6 FIB level and/or the 45K level, we got rejected after 4 strong wicks up and above here but this could have been expected too, we saw a big run up from our most recent bottom and a little cooloff couldve been expected for PA. Now with that being said it looks like we have seen that full cooloff and we are looking to run back up to 45K. I personally think if we do see a strong push coming from today going forward we have a very good chance of smashing through this level once we get there. Now looking at our bollinger bands we came off the top band after having a significant run up and we are coming back down towards the midline which is support, definitely looking to hold the midline if we do come down to it. Now for other support levels we have tons, we have 40.7K aprx and also double support along the midline of the BB's and if we do by chance break those we have strong support at the 0.7 FIB level. For the Mean Reversion Channel we are still 12% off our mean line (yellow) looking previously we bounced strongly off the orange oversold zone. Now keep in mind one rule with this indicator is that at some point price action comes back up or down to the mean level, now the whole goal here is to make our way above this level so we can start making some higher highs! Now the RSI is looking fantastic we are up and above the very important midline, staying above here returns us back into a confirmed uptrend so holding this zone is very important! We also have strong support coming from the yellow SMA (Simple Moving Average) as an added layer of support other than the midline! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
Will BTC Break 45K!!?BTC is looking great here we are currently sitting underneath the 0.6 FIB level at 44447$ and we are looking for a potential break to the upside. The good news is that we broke out of the bullish triangle and aswell as the descending channel. A break above 45K is going to be massive achievement in the short term for us and will add some big bullish momentum, aswell as take out a massive resistance level! Now something that is very bullish is the bollinger bands, we had yet another daily close ontop of the top band which can trigger some big momentum and shoot us up, Continuing to close ontop of the top band will increase our chances of seeing that big bull momentum so this is definitely something to watch! Now lets look at the squeeze momentum indicator, we are seeing another increase in our daily green bars and we are currently in the squeeze release portion of this indicator the most explosive part (shown by the black crosses turning white) the thing we are looking for here is the continued increase in green bars each day, if we begin to see these decrease we could be looking at a little downside to come! Not massive downside i should point out, a possible few days, but we will have to see, we must watch aswell for the green bars entering into the red zone below the midline, if we see a bearish squeeze this could lead to more of a significant downside. Now the ADX is looking very positive here, we are coming down off a long downside but we are starting to see a very gradual but healthy reversal it seems like, what we want to see confirm is this downside to keep rounding off into the start of an upside! Will continue to update as we move forward! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
BTC Bullish Triangle Breakout!Doing a little update from yesterdays TA and ill keep this one a little shorter! We have successfully broken out of the bullish triangle we talked about, keep in mind there is always the chance that we reenter this pattern before the real breakout happens, but either way we are looking strong, we have been steady rising for over a week now and we have taken out some important levels on the way like the 0.7 FIB and the top of this triangle, now we are looking at holding above here and our next goal is going to be reclaiming our midline on the bollinger bands, we need to get into the upper half as the midline will then be support and we have the opportunity to make a run for that top band! After the midline on the BB's we are looking at an absolute key level that is.. the pivot point sitting around 39.8K, reclaiming this level will definitely add a ton of bullish momentum, not only is just the current pivot point but is just below 40K and as we all know that is a must reclaim zone at some point sooner than later. The Wavetrend is looking good aswell we are rising still and not showing virtually any signs of slowing up just yet, we had a strong rebound coming out of the buy zone and we are about halfway to that midline, of course a run above this midline would be very ideal but in this wave i don't know if thats going to be the case, none the less if we do see a little drawdown it wouldn't be unhealthy to do so, we will likely catch some support on the way down before hopefully making our way back up and going for that midline and beyond! Not financial advice just my opinion!
BITFINEX:BTCUSD
by JacobR905
2
BTC Breakout!!When we last talked about BTC we were looking at a couple key areas we needed to breakthrough in order for us to continue moving to the upside, those levels were the 0.7 FIB, the top of the descending channel and the top of the bullish triangle, we are looking solid here we have taken out the 0.7 FIB and the top of the falling channel, all thats left in our current spot is the top of the bullish triangle! Keep in mind guys we need all of these to confirm after our daily close tonight at 7PM EST. A breakthrough of all of these levels or even the current 2 is going to be significant and the chances of us seeing some big bullish momentum significantly rises. The level we would be looking at after these 3 is the midline on the bollinger bands, which currently acts as resistance as of right now, flipping this level not only gives us a cushion of support but opens the door for a run at that top band. Historically closing ontop of the top band leads to explosive price action to the upside, not always but a majority of the time we see this happen, same thing applies to the downside. Looking at our MACD we look good here, we are beginning to see nice separation between the MA's which is always a good thing, this makes it more difficult for the bears to trigger a bear cross. Not only that but on our histogram we notice that our green bars are rising day by day showing an increase in bullish momentum, we want to see this continue moving forward and keep in mind if we start to flatten out or decrease the bullish MACD cycle is likely coming to an end in the short term. Now the RSI looks good aswell, we are still stuck in the bottom half below the midline which means a confirmed downtrend, but the good news is we have flipped the SMA to support and we are on our way up, the main goal here is simply getting above the midline and holding above, this puts us back into a confirmed uptrend and relieves a lot of bearish pressure! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
BTC Finding Support!BTCUSD on the daily timeframe has found some strong support right around 35K (USD) and it seems we are showing some strength moving forward, however we can't be too confident as of yet due too how the market is moving on a daily basis. Either way i am looking for a reversal at some point soon, in previous cycles we saw many corrections ranging from 30-50% even sometimes there has been larger downside flushes, in a lot of cases following the correction prices saw massive growth and an impulse to the upside. Looking at our resistances that are coming up very soon are the 0.7 FIB level at 37867$, we have resistance from 39K-40K and finally we have resistance coming from the midline on the bollinger bands. Now lets look at that, a good sign right off the bat is that we are steadily seeing closes off of the bottom band, as you guys can see closing our daily on that bottom band triggers a big run to the downside (in most cases), so its very positive that we are showing strength by coming out of that and off the bottom band. The longer term goal for us on the bollinger bands has to be breaking through that orange midline, being above here opens the door for us to make a run for that top band, where with same as the downside, if we close ontop of the top band we could see a fast sharp move up! Now the MACD, we are slowly but surely coming out of a bearish cycle, our red bars are decreasing each day and we are heading for the midline where we can then flip to bullish. We want to see the blue MA break above the orange and have some vertical shape to it, moving up steadily and keeping separation from the orange, the reason being is because having good space in between makes it more difficult to trigger a bearish cross, also this allows price action to have a cool off day or two without trigger that bear cross. The final thing we want to see on the MACD is a strong push above the midline on the histogram, we need to see increasing green bars each day showing an increase in bullish momentum. Now lets look at the wavetrend, we are bottomed out it seems, we are reversing out of the buy zone at the very bottom and we are looking for a continued smooth transition to the upside, if you look at the daily wavetrend you will see that these transitions are smooth and rarely have jagged moves, so we can expect a decent bullish wave coming up soon, we haven't seen a wave above the midline in quite some time so hopefully we can see something close to this soon. Overall i am looking at many different buying opportunity's around the board, of course dollar cost averaging in! Not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905
BTC Reversal Anyday Now!!?BTC is still pushing down with big bearish pressure, we are currently sitting at 33.5K and i personally believe a reversal is in sight anyday now for Bitcoin! I am looking at our current area all the way down to the 30K mark where a reversal could be likely, 30K is a strong and established level that is also held up by the underlying 1 FIB at 28.6K. We have current downtrend support which was resistance coming from our ATH so we got a stronger level here aswell, we don't want to see a break below here and especially not below 30k, personally i think the 28.6k 1 FIB level will be the final level before reversal if we did see a push that far. Checking out the RSI we are very oversold and we have been for a little bit now, this usually gives hope of a reversal coming soon. We will definitely have levels of resistance to break along the way back to the upside but the most important thing is regaining that midline, if we do we can confirm a new uptrend and if we don't well you guys know, confirmed downtrend until we do. Now looking at the mean reversion channel, first thing that we notice is the yellow and red bands, this represents very oversold, just like we see with the RSI, now if you go back in time and check out the dips we had into this oversold band you will notice that we rebounded very strongly out of this area, now this could be a matter of time of course, sometimes we spend multiple days in this zone and other times we just spend a couple days in here but overall at some point we have to reverse. Ultimately we should be looking at a comeback to the mean, which is the yellow line in the middle around 52.6K, at some point price tends to revert back to its mean over a gradual timeframe. Like i said before i believe we are in the final stages of this massive flush, we either have a short period left of downside or we are going to reverse very soon, both ways this provides very nice entries and buying opportunities that i am taking advantage of! Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
BTC DOUBLE BOTTOM!!Taking a look at Bitcoin on a daily timeframe i noticed something very bullish that ive somehow missed. a clear to the point double bottom has formed recently with price action showing some strength coming off of it, this overall if actually plays out is a big positive for the overall market in general! We are currently sitting inbetween the double bottom and the 0.6 FIB level, with heavy supports and resistances clearly above and below us! Keep in mind a push down below the 39616$ level invalidates the whole idea. Potentially some great buying and entry spots here for dollar cost averaging into different strong projects, Mid 39K seems like a very fair and reasonable bottom i personally would say. Looking at the bollinger bands we are currently trading in the bottom half but our first goal here to put us in a nice spot is getting back and above the midline which is currently acting as resistance, being in the top zone allows us the chance at climbing up to that top band, where as you all know by know can trigger quite the run to the upside, not only that but getting above the midline opens the door for us to reclaim the 0.6 FIB level which is a crucial spot at 44K. The Squeeze momentum indicator looks pretty good, we are coming out of a big short squeeze where soon enough we will be coming back to the midline (fingers crossed) This enables us to push into a bullish squeeze above the midline, due to us not getting a true bullish squeeze in quite some time throughout October to be exact, i think it is highly realistic that we could be seeing a massive bull squeeze soon enough, we need to see a strong push past the midline and into green territory, we need our green bars to increase day by day getting stronger and showing the rise in bullish momentum. Now the Wavetrend gives me good hope that we are going to be starting a decent leg up here soon, we recently bottom out in the buy zone and have since recovered, we currently are seeing what looks like to be a reversal happening, the wave came down slightly but is currently beginning to tick to the upside. Keep in mind that this moves slow and has relatively smooth transitions between waves, this means very minimal jagged movements and sharp turns, so what im saying in a nutshell is when we start to see a reversal play out we are not 100% but almost guaranteed to see price action respond to wherever the wave is headed, i should also point out here just like the SQZMOM we haven't seen a very strong bullish wave in quite some time, we had a decent wave but we only pushed upto the midline, what im looking for and expecting sooner than later is a strong bull wave pushing past the midline and topping out somewhere inbetween that and the sell zone! Not financial advice just my opinion!
BITSTAMP:BTCUSDLong
by JacobR905
As a death cross approachesAs the 200/50/20 SMA approach a cross the most likely scenario is to see a larger decline over the course of the next month. The cross should happen as BTC approaches/crosses the $45,500 mark. This will show oversold on the 4 hour and begin the downward trend. It can be expected there will be significant resistance at $39,900, while being broken and heading to the next mark at $37,400. BTC will further breakdown to $29,400. At this level BTC will be significantly oversold and growth can resume. This resetting will provide overall health to the trends as it puts the power back in the hands of bullish investors. The benefit of the breakdown to the $29,400 level will be providing ample support for new ATH. The breakdown should take about 1 month to complete from the time of the death cross, if the model is correct.
by HoldenTC
2