Successfully won the rebound of Bitcoin,how's the future market?The operating idea given by Bitcoin yesterday was to go long near 21800, very accurately grasping the vicinity of the lowest point in the short-term, and got a relatively good rebound profit.
On the fundamental level, after Powell's speech, the sharp rise in the US dollar will pose challenges to global non-US currencies and risky assets, suppressing their prices.
On the technical side, after Bitcoin fell yesterday, it broke the extension line of the low point of the daily K-line, breaking the short-term strong trend and returning to the weak range. The short-term pattern is bearish, and the high point of the recent rebound of the daily line forms new resistance. Together with the short-term moving average, it suppresses the rising Bitcoin market, while the technical indicator MACD diverges downward, and the downward momentum is strong, and the overall still shows that the Bitcoin market is running short.
So in terms of operation, Bitcoin can be shorted at the position of 22600, near the target position of 21900.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT INDEX:BTCUSD BITSTAMP:ETHUSD
Btcudst
BTC analysis [21-02-2023]I see an ASCENDING TRIANGLE PATTERN.
If price breaks and closes above the resistance zone, there is a probability that it will get to 28k
If the resistance zone hold, price might test the support trendline. If the trendline doesn't hold, there is a probability that it will retrace to the FIB 50.0% or lower FIB 61.8% level.
Bitcoin temporarily corrected, the current bearish trend will co
In this world, there is no perfect choice. It is impossible for us to have spring flowers and autumn moon at the same time, and it is even more impossible to have both fruits and flowers at the same time. We must learn to give up something in the busyness, and then we can get something.
The overall retracement trend of Bitcoin is impulsive. It fell for a period of time and then fell into a consolidation. When the time comes, it will continue to decline, so don't worry too much about the shocks. The market trend has not changed and is still bearish. Bitcoin operation recommends selling at 22800, risk control at 23400, target 21500~21400.
Bitcoin bearishness is based on the following:
1. Bitcoin has fluctuated and consolidated on the Xiaoyang line for three consecutive days, and it is about to face another downturn.
2. According to my analysis, the five-wave rise of wave A has all ended, and the retracement of wave B a has not yet all ended. The later stage mainly depends on the effect of the low point support of wave A 4.
3. The upper pressure is 22700~23500, and the lower support is 21500~21400.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Bitcoin plummets as expected, shorts will extend
Today is short, but today is very important. A beautiful today can not only turn yesterday's glory into tomorrow's glory, but also turn yesterday's failure into tomorrow's success. Therefore, in today's world, don't always miss, always sigh, and always complain. We should regard every day as the beginning of life. Only when we start from scratch, keep our feet on the ground, and concentrate on leaning to make a good today, will we usher in a bright tomorrow.
Bitcoin finally ushered in a sharp drop on Friday, which is also in line with the expectation that it has been looking down recently. The current overall decline has not yet ended, so it will continue to be bearish within the day. Bitcoin operation recommends selling at 23000, risk control at 23600, target 22000~21500.
Bitcoin bearishness is based on the following:
1. Bitcoin fell below the bottom of the recent platform, and the bears made another move. Although it was in shock over the weekend, the trend has not changed.
2. According to my analysis, the five-wave rise of wave A has all ended, and the retracement of wave B a has not yet all ended. The later stage mainly depends on the effect of the low point support of wave A 4.
3. The upper pressure is 23000~23500, and the lower support is 22000~21500.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
BTC QM SetupHello Traders. Hope you are having a great weekend. As you can see BTC has formed a QM pattern on an important resistance which is 25K. A correction is
expected for BTC at least to 22-23K. The pattern gets invalidated if 2H candle closes above the last high about 25.3K.
What is your idea?
Comment down Pls.
$BTC - New ATH in 2024 - PARABOLIC MOVE$47k in June then retest $35k in Nov and then New ATH in 2024!
This is another possibility but not convinced due to oversold indicators!
The one which is convincing linked in Related Ideas
However, New ATH in 2024 is confirmed. Load up our favorite bags & BANG the BULL RUN
Bitcoin Bulls are running out of fuelBTC/3H we finished the previous triangle, did swept the high touching (25.2) then we swept the lows 23.8 then we came back to the bottom of the previous range.
Please Follow,comment,boost if u find it informative. it really motivates me to do more!
Bulls are slowly losing their power but if we manage to touch 25.2 two more times we could break up on the 4th touch
we could also form another high at 25002 and then go lower.
Liquidity wise there are some high leverage liquidity ~24691 to grab or we could make another high then go down -details explanation in the video
Thanks for watching
#BTC is getting ready for the Big move!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
A weekly candle close above 25k could suggest that the market is expecting a bullish trend.
So let's see how the weekly candle closes
* RSI is also sowing some bullish divergences move
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Long Term Bitcoin chart WeeklyPA for Bitcoin has been a breath of fresh air after near on 14 months of downtrend and now, as we come towards the 1.618 Fib line at $28K, we may need a reality check
While the Weekly MACD is still Bullish and below 0, the lower time frames do need to chill out so as to keep some ability to push higher at a later date
The 1.618 line will be a hurdle and the obvious challenge is to get above it and use it as support while PA catches it breath
This would then allow ALT coins to push higher also, as so far, the ALTS have outperformed Bitcoin in % Gains since Jan 2023
But Rejection for PA is still a VERY Real possibility and the FED has already said that higher Rate rises are likely. and so, PA may come back down to test the line of resistance it just passed through, to test it as support before moving on.
The next 4 weeks for Bitcoin are Critical and Nothing is certain.
Traditional Finance is NOT happy with Crypto taking its money and it Will use its Army, like the FED and SEC to try and destabilise Crypto
THIS is the real war right now...
BTC: TESTING THE ACTUAL RESISTANCE.Hello traders, here's a quick update on BTC in 6 hours timeframe.
BTC has just rallied $24.9k and in my previous post I mentioned that 'To make a successful rally toward $25k, BTC must break above the $22.3k to $22.7k resistance'. It did break above it and currently, the price is trending at $24.6k. This is crazy but I am gonna be cautious here because $25k was the old resistance and I have mentioned several times that $25k is an important resistance for BTC.
From this point, either we will see a new rally on BTC or a dump in the market for one last time. The RSI is in the overbought area so let us be careful.
What's next on BTC? To know more, follow my channel and stay updated.
Thank you for reading. Trade safely.
#Bitcoin - thoughts out loud #3Good afternoon, dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
In my opinion, the distribution phase is coming to an end and we should expect liquidity to be withdrawn in the range of 22022 - 22292. How the price will behave in the future will be seen by the situation, perhaps professional operators will realize the orders they have in their hands due to a false breakout of the 22022-22292 range and we will see further growth in the instrument. Otherwise, we will go even lower.
In general, it is best to focus on liquidity withdrawal, after which it will be clear what the instrument will show, strength or weakness. Strength is needed to continue moving upward, weakness is needed to fall. What do you think about this?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
Bitcoin Weekly long term chartOver the last few weeks, PA has managed to climb above the descending line of resistance off the ATH ( Dotted line) and is now sliding down it as support while PA cools off a little.
Ultimatly though, PA is still in the larger ascending channel witht he upper trendline around the £35K mark currently and I think this is the target over the next few months
MACD is still Bullish But Daily is still Bearish and approaching 0 so may begin turning soon
BUT DXY is also looking Bullish right now and that could slowdown BTC PA rise and certainly hurt ALTS
This week is an important week. The War between TradFi and Crypto is heating up and fundimentals will begin being used again soon I expect
bitcoin Big RED candle comin soonAfter bitcoin exited the rising broadening wedge we bounced from top of the left shoulder(light yellow line)
and is doing a rising wedge right now which might endup in the right shoulder if we wick up then leg down another 8 to 13 percent.
In the video I also mentioned liquidition clusters and where people get liquidated THE MOST.also high leverage positions been shown.
we also might consolidate today wating for CPI numbers to comeout before another major move.
BTC: STILL HOLDING THE SUPPORT.Hello traders, BTC took a downturn, pulling the price to $22.3k. This drop made the altcoins bleed and to be honest, many traders' SLs got hit including mine and many traders booked huge losses. If you remember then in my previous BTC update 'BITCOIN: $22500 EXPECTED IN LOWER TIMEFRAME', I mentioned that BTC is likely to drop close to $22.5k and then if it manages to hold this level then bounce back can be expected.
Sticking to my words, I have entered a long scalp trade on BTC at $22557 with SL at $22100. Also, if BTC fails to hold this support level, we can expect $21.4k as well. DYOR before investing.
More updates coming in shortly.
Trade safely.
BTC Wave Analysis + Trade SetupI think that wave A of (A B C) is complete and we are currently in wave B.
Warning: Wave B itself consists of 3 waves, the third wave being the longest wave.
After reaching the specified target, I strongly warn the owners of altcoins that the risk of most altcoins becoming zero is very high. (No matter how valuable gold is, if it is bought at a bad time and at a bad price, it is no different from a piece of garbage.)
Be successful and profitable
BTC - Look out belowTaking a little longer than expected with the way it made such a volatile move up, but I stick to the plan. 24k and above was solid resistance, and it tested that area several times, without breaking and holding.
Now, we're trading below the monthly, the weekly, and the daily (so far). The true trend confirmation though would be it breaking the 22.2k-22.3k area and closing a 4 HR candle (my preferred time frame) below the demand zone.
God Speed!