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Btctrading

BITCOIN "make or break" According to Elliott Wave analysis, Bitcoin's fifth wave appears to have completed at a high of $25,250 and the price has fallen from that level. The key support level of $21,510 has been broken, as well as the Fibonacci level of 0.5 at $20,363. It's important to wait for a daily close to confirm whether the 0.618 Fibonacci level at $19,209 can hold as major sell-offs may occur if it fails. The potential levels to watch for are $17,567, $15,476, and $12,817. The golden ratio of 0.618 also supports the $19,209 level as a critical support. It's worth noting that this Bitcoin collapse is driven by the actions of central banks of all countries, and if Bitcoin can survive the Fed rate hike, we may see a new all-time high. However, this remains to be seen and will depend on a range of economic and geopolitical factors. In summary, Bitcoin is currently experiencing a significant correction and it's important to keep an eye on the key support levels mentioned above to gauge its future direction.
Short
by arpitjain11
1
Confused, how to chooseThe Bitcoin price has dropped below the 50-day moving average, turning it into a resistance level above the 23,000 mark. Currently, Bitcoin is losing momentum near the 22,000 level and its price is quite fragile. The lack of a clear path in the cryptocurrency market may be due to investors' focus on Powell's speech and clues of additional rate hikes. Therefore, the recent approach is conservative, as mentioned in the previous article. With the upcoming release of some economic data, the market is somewhat anxious. As far as cryptocurrencies are concerned, higher interest rates have a negative impact on risk assets, as holding cryptocurrencies does not earn interest income. As Fed officials' further comments in Congress may affect the content of the March rate decision, Bitcoin prices will continue to be under pressure. As Silvergate Capital becomes the latest victim of the overall trend of FTX, a drop below the 50-day moving average and the September high of $22,781 will intensify Bitcoin's downtrend. Therefore, attention should be paid to these two levels. With the Commodity Channel Index (CCI) dropping into the negative zone, technical indicators suggest that Bitcoin may be oversold. However, given that Bitcoin is hovering near the psychological support level of 22,000, a break below this level may further push the price down. The February low of $21,376 will be the next support level, and if it is broken, the market will refocus on the $20,000 mark. On the other hand, if the Bitcoin price continues to rise, breaking through $22,000 and the September high could further push the price up. The next major resistance will be near $24,000. How to position oneself before and after a breakthrough? Welcome to the discussion channel, and we will continue to update ideas later
BITSTAMP:BTCUSD
by Navigation-h
2
BTC Slow Bleeding Could End In A Catastrophic MoveBitcoin is slowly bleeding down and with todays news it could actually get volatile. If we want to go lower before any retracement to the upside it could be all the way to 18.4 (big capitulation candle) or fill the gap (20400 to 20k) with a wick around 19.5 and bounce back up. There is a big cluster of liquidation from 22.4 to 23.4 (near 8M) which shows a possible pullback there to grab those liquidation. Bottom Line is Crash did not happen yet and is YET to happen.Longing is not recommended at all cause we could flood down. DXY is looking very strong as SPX losing power day after day. Details on Video Please support the video in anyway you can by share,boost,comment
BINANCE:BTCUSD.PShort
by pcmonk
1
BITCOIN: MUST HOLD THIS SUPPORT.Hello traders, I hope you all are doing well. Here's a quick update on BTC in a daily timeframe. BTC shows no progress so far. We expected a bounce back from the $22.3k level but eventually, it dropped further low toward $21.6k. Technically, $21.3k to $21.7k is a significant support level for BTC, and from this level, if it manages to bounce back, we may see BTC back to $23k to $25k. But if it drops below the support, a fall close to $18k is possible. The SL got hit for our previous long trade setup on BTC but it is still better than holding a losing position. I have my major holdings on spot and in futures, I trade with only 15% to 20% of my entire portfolio. So, it is absolutely fine and it is still a win-win situation for me. Key points: 1. $21.3k to $21.7k important support zone. 2. If BTC bounces back then $23k will be the initial target. 3. If BTC drops further low then $18k is likely possible. Thank you for reading and trade safely.
KRAKEN:BTCUSD
by Dexter_The_Trader
4
Bitcoin is facing a key decisive battle, will the bulls rise? As of the update, the current price of BTC/USDT is US222,438, and the daily performance still shows a short trend, but the current price has been maintained at a small fluctuation, not quantified, this situation is much like just after an unusually intense exercise, you need to calm down.The current position of the daily line near 22500 is the key. If it can stabilize at this position, then the price environment of BTC/USDT will be greatly improved; there is even an opportunity to rebound to the 23700 mark; and once the 22500 position cannot be held, then BTC may fall to the level of 22000 or even 21500. Judging from the 4-hour chart, the price of BTC is gradually shifting upward, and the MACD technical indicators are gradually rising. However, in terms of strength, the short-term will not rise too high. It is estimated that there will be no major fluctuations in the first few days of this week, and it will run in the range of 22200-22700. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
BITSTAMP:BTCUSDLong
by Blessed_V
$BTCUSD BitcoinBitcoin (BTC) price has declined today. The price of Bitcoin (BTC) is $22,426.84 today with a 24-hour trading volume of $34,156,727,976. This represents a -3.70% price decline in the last 24 hours and a -6.40% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $432,715,752,258. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
COINBASE:BTCUSDLong
by BADQOMOCAWGOWLD
1
Short term view of BTC [ support showing in the past few days ]Recent BTC volumes shows a number of time a huge volumes are created at the low price, which is an indication of some big players supporting the price around this range . However, there are some buyers came in around $23,883 area which is enough for the big players to distribute some BTC at the range . This is why it causes a fall in price after that. If there are enough buyers within $23,000 range, then the rebound will not happen. Because big players don't need to mark the price higher to attract more buyers for distribution. If rebound happens Based on our approach, the rebound might not be sustainable due to the previous price fall shows sign of controlled price fall / selling to avoid market panic . In our view, the big players might still hold some BTC in hand & wants to distribute more. A small price up will happen & retrace right after. Disclaimer : The volume data BTC analysis in 5 mins chart is from source that have collective volumes from different exchanges or market maker that they could access to and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
CRYPTOCAP:BTCLong
by ROUNDnSURGE89
BTC/USD - BITCOIN - Great Buy OpportunityBitcoin hit strong resistance at $25,000 but with all the good news from Hong Kong, China it will break the resistance: --> On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens. Entry: $24,650 - $24,700 Take Profit 1: $27,000 Take Profit 2: $29,000 Stop Loss: $23,000 Enjoy our Free Analysis and Setups. Leave us a like and comment. For more scripts & analysis, follow us. Success trading!
INDEX:BTCUSDLong
by uNickTrading
As long as BTC is above 23.3k, it should head to 26.2-26.8kMain expectation is still to hit 26.2-26.8k at a minimum (possibly has high as 28k with an extension) - this is the main expectation as long as BTC is above 23.3k. If BTC sustains below 23.3k before hitting that 26k level, then we are likely revisiting the low 20ks, or possibly sub 20k, before attempting to break upwards again, although more bearish scenarios would be very much on the table as well so I wouldn't necessarily be blindly longing in this case. Assuming we get 26k, I'll view the subsequent pullback as a strong buying opportunity. That pullback could also be quite significant, back to low 20ks or sub 20k, but the danger of a more bearish scenario would be much less, so again I would view this as a good longing opportunity. Until BTC breaks either 23.3k or 26k though we are in limbo. Hopefully we'll see one of those levels break this week.
Long
by ShadesTrades
BTCUSD Market Comments Today 19/2/2023Potential selling zone but Btc price has searched many times but has not broken 24k8 -25k2 If in the small frame (m15 ) the price tends to create an upward dow to break the 24k8 -25k2 price zone, then the price will continue to go up to the 30k8 to 31k price range in the long term. and if the price does not break 24k8-25k2, it will return to retest the 21k3 price area to confirm the market's continued uptrend. In the 24k8 to 25k2 price range, sell only when the market shows signs of a decrease in Dow in a small frame of m15
BINANCE:BTCUSD
by DNAchampions