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BTC Update ✔Hello Traders. Hope you are doing well. Last time BTC formed a QM pattern which is a reversal pattern that I published in my analyses. Now it has formed a triangle as well as you can see on the chart. On the daily you can see a huge divergence on RSI too which suggests that BTC is going into the correction. The trigger that shows us that BTC is certainly going to go down is if price breaks the triangle to the downwards. What do you think guys? Comment your thoughts on what is going to happen. ❤
by Existansilon
Bitcoin Under Pressure As Expected, Shorts Take Profits Bitcoin has been short at 23,900 for many consecutive days, and it has already been traded for profit. The market outlook will maintain the original idea, continue to be bearish on Bitcoin, and those who have not entered the market can wait for a rebound in the evening. After the rebound, rely on the pressure of 23,800 to sell empty orders Can be re-entered. The operation suggests selling at 23800, risk control at 24400, and target at 22300-21500. Bitcoin bearishness is based on the following: 1. Although Bitcoin has reversed and adjusted midway, the overall trend is still seen as a gradual decline after the top is built. 2. The upper pressure is 23800~24700, and the lower support is 22300~21500. I hope that friends can ask questions and discuss together BITSTAMP:BTCUSD
Long
by Crazylambboy
Bitcoin under pressure, waiting for the bears to enter Bitcoin has reached the lower edge of the pressure area yesterday. If it is under pressure, there will be a wave of retracement in the later period. Today, it still maintains a high-altitude thinking. It is not ruled out that there will be high points in the short term, but it will remain high before the pressure area train of thought. Bitcoin operation recommends selling at 23900, risk control at 24500, target 22300~21500. Bitcoin bearishness is based on the following: 1. Although Bitcoin has reversed and adjusted midway, the overall trend is still seen as a gradual decline after the top is built. 2. The upper pressure is 23900~24700, and the lower support is 22300~21500. Friends are welcome to discuss together, I will give analysis every day for your reference CME:BTC1!
CME:BTC1!Long
by Crazylambboy
Bitcoin Bullas wants to push it higher on Monthly Close!BTC/1H `at the bottom of rising broadening wedge Forming another pennant ` After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7 Please Boost,Follow,Comment if you find it informative Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
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
Bitcoin Consolidating to go Lower AGAINBitcoin/1H Doing another Pennant We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move. Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it. We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just starting and we yet have to see bigger red candles ~13% Please Follow,Comment,Boost if you find it informative. Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
BEAR TRAP 24,400 - 25,200We see how the market is divided and many traders don’t know what to do now and how to manage their finances. We want to join the traders community and share our thoughts about the market in several short sentences. 1. We don't think the market has broken and a bullish cycle has begun. The current growth, which started back in December, is a consequence of one big sideways cycle, which started in June, after half a year of falling. We just reached the ATH of the current range 2. The final bull capitulation of the current 3-month growth has not yet taken place and it’s too early to bury all bullish vibes. A very ambiguous March is ahead, which can determine the market for the next six months to a year. 3. The market is heavily pumped with Asian liquidity, but most of the bought and hyped Chinese tokens are from projects that have no background or from long abandoned projects from 2017-2018. This fall is temporary and we think it’ll be until the first piece in the whole chain of dominoes falls. 4. Locally, the bulls and bears now have a 50/50 chance 5. BTC's past drop to 16.5K was based on the market's sensitivity to macro and the FTX drop that continued to “infect” the market. Now there is no thesis or narrative for the fall. US CEX was temporarily able to fend off the SEC, Genesis bankruptcy was quietly accepted by the market, macro data is totally ignored, Paxos and Binance “breakup” slowed down the market for 2-3 days 6. The main thesis of the majority of traders is to go short now in order to show the bulls that they are wrong. Of course there are preconditions for fall and these preconditions are quite rational, but the market is often able to be irrational longer than traders will be solvent 7. For those who are willing to go short: the safest option now is to go short without leverage, or with a small leverage to stay in the market. Just keep in mind that the situation is changing very quickly 8. The main price range for finding shorts is 29,900-30,200 9. The current volatility and activity in the market is ridiculous, most got into their long positions in mid to late January, and they want the music to keep playing In the near future we’ll see how the situation will change and what will current long positions give us. Share your thoughts about the most controversial and debated topic right now in a crypto community and stay with us for further ideas. Thanks for reading and don’t forget to check the links below and visit our website!
by Samura0x
6
BTC SHORT TERM FORECAST Outlook on BTC ( 23/2/2023 ) Backed with certain fundamentals on the dollar , i do believe that we may get a short squeeze to the downside really soon to gain more liquidity to head towards the upside. I am personally looking at 2 DCA zones to add to my long term swings to 36k region as marked in my charts as TP3 before massive roll over. Looking to add spot buys at 20000 and 21500 whereby i will be dollar cost averaging down the partials ive taken on BTC at 24500. Im seeing exhausting and some form of minor consolidation and i do believe we need more liquidity to head higher. In the event price breaks above 25k , we are in it for a treat regardless as we have our remaining 65% to hit our remaining targets. Currently the market sentiment for crypto is bullish like all risk assets are. It is always easier for risk assets to be bullish than bearish as the markets is always fueled by greed and emotions. Many believe that the bear market isnt over and i stand by it as well but its not that easy. People will be betting on a short upon seeing a minor consolidation now which i think will be otherwise. We will probably dip down to my DCA zones and fuel fomo short positions into the markets which will eventually be wiped out when price makes another euphoric rally to the upside misleading everyone that the bear market is over again. Thats when the mother of all wipe outs will come in.
BITSTAMP:BTCUSD
by CJ_GOLDPIPS
1
Bitcoin Wants To Dump Further After a RetracementBTC/1H after breaking the downwards parallel channel , we bounced back at ~23.7 (blue up trend line) and started to goin up for a liquidity grab ( might touch the white horizontal line or pink trendline) After that it will continue back down to 21.7 or even ~20500. Dont foget bitcoin pumped when NY stock market was consolidating so we have lots of fake pump to remove detailed explanation on Ive decided not to record videos due to low mic quality. new mic will arrive friday night. Please Follow,Comment,Boost if you find this video informative.
Short
by pcmonk
Bitcoin Catastrophic Move On FOMC DayBTC/1H forming a parallel downwards channel After 3rd touch at 25.2 and jebating everyone with that Ascending Triangle. bitcoin invalidated the triangle and started bleed down slowly to ~24K showing Bears are comin into the market again and bulls are running out of fuel. Please Boost,Comment,Follow if you find this video informative!Really motivates me to do more. There are some buy pressure still which I think bulls can try to push the price back to 24.8 for the last time before a catastrophic move to the downside ~22.4 or even a capitulation candle to 21.1 Detailed explanation with lot more to covered on video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
3
How To Think & Trade Opposite Of The 97% With this tool and the future predictive Gann 50% levels backwards, it is one of the most valuable ways I have developed of thinking. The tools aren't so important. To succeed, you must learn to think differently from everyone else in the world. The best loser wins. Once the once loser has rewired their neuro network to act in the opposite direction from their primitive cerebal cortex, they become the 3% that succeeds sustainably. For this example I used BTC on the 4-hour.
INDEX:BTCUSD
by EsotericTrading
5
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
BTC - Bull Market? (Gauchian Channel Analysis)Hi Guys! I love everything TA, currently its just a hobby but im using these posts to express my thoughts and solidify what ive learnt thus far. So this is not financial advice by any means, its just to challenge MY VIEWS on the status quo of whether or not we are ina bull market or bear market. Alot of my previous charts whether BTC or other asset, in my opinion has overload of info. So my aim recently is to do things simple, which has allowed me to up my charting game. Just note, BTC is my favorite asset to trade, i also believe in its tech and am extremely long term bullish BUT i don't allow biases to take over my decisions when i trade. Currently i feel like the market sentiment is leaning both bullish / bearish so i felt like digging for myself and trying to use TA to make sense of the direction. Now going to my analysis! I got 2 indicators on my chart. 1. Gauchian CHannel 2. Yellow Line - 21 EMA The chart is on the 6 day time frame -> Which i love to use, cuz it gives me more clarity for long-term/semi long term lens The chart shows interactions between the 21 EMA and the Gauchian Channel. Basically, 2 scenarios 1. Bearish which is indicated by the 21 EMA crosses downwards onto a Green Gauchian CHannel, and price action moving into channel channel. EVery single time we've done this, it has indicated as stated by previous history, WE WERE IN A BEAR MARKET. Everytime we enter the channel, price action eventually crashed & went below channel. The EMA will always move down with price below channel as well. When price action is below the channel, we are in the depths of the bear market. 2. Bullish which is indicated by the 21 EMA crossing upward into a red gauchian channel, while price action is moving into channel. Every single time we've done this,it has indicated as stated by previous history WE WERE IN A BULL MARKET. Everytime we enter the channel from below the channel, price action went into channel, it indicates the beginning stages of bull market and when we are above the channel we explode in price. ALso note, when price action moves above, to confirm price should come down to test channel as support. So, in real time - Price action has moved into the channel but a cross has NOT yet happened. But MA's are kind of a lagging indicator in that it follows the price. So since price action is in the channel, it means that the EMA will also move up along with this recent pump because its averaging the price of BTC . SO if we continue to stay above, eventually the EMA will cross above and it will indicate that the bull market has started. So technically, we are still not by this chart in a bull market. Watch this chart like a hawk! If we get this cross, we could be starting our new cycle. But there is always risk such as invalidations of previous patterns cuz ultimately we dont know what the markets will do. So pay attention to the 6 day close and movement of 21 EMA (yellow line). ALSO since there are less false flags, you can determine from this chart that: 1. selling above Gauchian channel is best time to sell 2. Buying below guachian channel is best time to buy Hope this was insightful! CHECK out my other charts on BTC . Keep an eye out for more charts like this! Let me know what yall are thinking as well! Disclaimer: This is not financial advise, i am not a financial advisor@ Any investing or trading decisions of yours should be taken with your own analysis, and always protect yourself with stop losses! THANKS.
BITSTAMP:BTCUSDLong
by SafofAllTrades