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BTC Bitcoin Technical Analysis and Trade IdeaIt's evident that Bitcoin has faced sustained downward pressure for a considerable period. A close examination of the chart reveals a decisive breach of the existing trading range to the downside, followed by a subsequent retracement. In our discussion, we explore the prospect of a potential entry point, while also carefully analyzing certain adverse indicators that are clearly visible on the chart. It's crucial to emphasize that all insights and analyses are comprehensively explained in the accompanying video and should not be interpreted as financial advice.
OANDA:BTCUSDShort
by tradingwithanthony
3
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is presently positioned within critical daily, weekly, and monthly price levels. An evident trend on the chart indicates that Bitcoin has been subjected to significant bearish pressure, prompting us to consider the potential for a selling opportunity. Nevertheless, there are noteworthy chart elements that demand our careful scrutiny, and these have been thoroughly examined in the accompanying video. In the video presentation, we conduct a comprehensive analysis of the prevailing trend, price fluctuations, market structure, and other essential facets of technical analysis. It is worth reiterating that our video provides lucid explanations, but it is imperative to underscore that the information presented should not be misconstrued as financial advice.
OANDA:BTCUSDShort
by tradingwithanthony
10
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
OANDA:BTCUSDLong
by tradingwithanthony
13
BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
BINANCE:BTCUSDShort
by tradingwithanthony
Finally some movement $BTCChart Analysis: BITSTAMP:BTCUSD KUCOIN:INJUSDT The Bitcoin market shows signs of stirring from its slumber! As anticipated in our preceding commentaries, BTC is making its way towards the 18k zone. However, the strength to break through significant resistance points eluded it, just as we discussed in our earlier videos. Notably, there has been an adjustment in our projection of the massive cup and handle pattern. The recent trend line breach on the weekly chart likely invalidates this pattern. A confirmation of a double top pattern is evident. Following this, BTC retested the newly established resistance and took the downward trajectory, just as predicted. So, what lies ahead for Bitcoin? The forecast suggests a few more sluggish days of price oscillations, potentially culminating in a liquidation sweep or a retest of the longstanding trend line. Should this play out, it presents an opportune moment to initiate a short position and ride the price down towards the 18k area (though this target may shift as we approach it). It's essential to note that now isn't the ideal time to short; the current position is too extended from the EMA. It's wise to await a retracement. Risk Management: Navigating the volatile crypto market necessitates meticulous risk management. As you consider potential positions, align your size and strategy with your risk tolerance. Tools like trailing stop losses can be invaluable in preserving accumulated profits as the market evolves in your favor. Disclaimer: Please remember, this analysis is shared for educational insights and is not a financial recommendation. We urge you to conduct your own comprehensive research and, if needed, seek advice from a financial consultant before making any trading decisions. Trade safe!
BITSTAMP:BTCUSDShort
by mammamia2
2
Bitcoin -> Shaking Buyers And SellersHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside. With Bitcoin trading in a daily range at the moment there is nothing too interesting to trade at the moment so it is best to wait for a bullish breakout before we could then see another major move towards the upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
46
Bitcoin -> Make It Or Break ItHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is once again retesting major previous weekly resistance from which we saw a quite harsh rejection towards the downside at the $31.000 level. However you can also see that weekly market structure is still very bullish, Bitcoin is still creating higher highs and higher lows and there is always a higher chance that momentum continues so I am now just waiting for a clean break above the resistance and then I do expect another bullish rally. On the daily timeframe you can see that Bitcoin is currently not able to break above the strong resistance level so we might see another retest of the $29.500 strong support zone and then I do expect a bullish rejection away from the support area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by basictradingtv
23
Bitcoin -> Bullmarket BehaviourHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite nice and obvious previous weekly resistance zone which was turned support at the $25,000 level. You can also see that Bitcoin is now just creating a new higher swing high, confirming the overall bullish uptrend so I simply do expect some small correction after the recent pump but then some longer term continuation towards the upside. On the daily timeframe you can see that after Bitcoin perfeclty broke out of the falling wedge formation we just had a rally of 15% towards the upside but considering the fact that Bitcoin is again retesting resistance I first do expect a drop before then another bullish rally. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
29
Bitcoin -> The Wegde Is BreakingHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin now finally retested and already started to reject a quite nice previous weekly resistance area which is now turned support at the $25.000 level. You can also see that weekly market structure and moving averages are still bullish, in my opinion Bitcoin also already created the bottom of the last bear market and is now ready for more bullish moves, so I simply do expect a rejection away from the support zone. On the daily timeframe you can see that Bitcoin is still trading in a falling wedge formation and just retested the lower support trendline towards the upside - I am now just waiting for a breakout and a break above the $26.000 level before I then do expect another rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by basictradingtv
33
Bitcoin -> Don't Miss The BullrunHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly resistance area which is now turned support at the $25.000 level. You can also see that overall market structure is still bullish, Bitcoin also created a long term inverted head and shoulders since June of 2022, so I am now just waiting for a retest of the neckline at the $25.000 level and then I do expect the next bullrun to start from there. On the daily timeframe you can see that over the past couple of days, Bitcoin has been creating an obvious falling wedge formation which is always considered a bullish continuation pattern, so I am now just waiting for a breakout above the resistance trendline before I then also expect a daily rally to retest the $30.000 psychological resistance zone. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
25
BTC 0 or hero? 📈 Chart Analysis: falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same! We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉 additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
Bitcoin -> Wait For The BreakoutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was turned resistance at the $30.000 level. You can also see that weekly market structure and moving averages are still overall bullish, I am definitely waiting for a weekly retest of the next support zone at the $24.000 level and then I do expect more continuation towards the upside from there. On the daily timeframe you can see that Bitcoin has been trading in a range for quite some time with support at the $26.000 area and resistance at the 27.400 area so I am now just waiting for a breakout towards the upside before I then do expect another daily bullish rally. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
42
Halving High Pressure Zone? 🙌🏻 This could be the answer 🤔 In this video we explain a new item we found in the chart which we call the "Halving High Pressure zone". As we approach the halving date there is ever increasing downwards pressure on the bitcoin price. After the halving, as we move away from the halving date this downwards pressure decreases which results in upwards price movement. Could this be half the answer to why mini-bull markets form? Check out this video. Thanks for watching!
INDEX:BTCUSDLong
by TheCryptoWeatherChannel
Will Bitcoin Crash or Blast Off? Watch This Video to Find Out! Bitcoin is forming a bear flag pattern right now, which indicates a potential continuation of the downtrend. However, there is also a strong support zone at the 25.1 Fibonacci retracement level which can bounce back up If bitcoin can break above the flag resistance, it could rally to the 29K level, where there is a major down trend line that acted only as resistance if bitcoin breaks below the flag support, it could drop to the 24.4 level, From there, it could bounce back to the 25.1 level and retest it as resistance
Short
by pcmonk
BTC Facing Huge Sell Off This week.24.8K This week Is ImminentBitcoin touched 29K four times and we could tell big money is interested at that level because each time we touched that level big sell off happens. I have incorporated Supply/Demand Into todays video . very interesting concept that has been playing out in the range that we are in (27.2-29k) highly encourage you to watch this untill the end Once we lose 26.8 then 24.8 will come Please Support Me By Boost,Follow,Comment and sharing video Thank you for all the support and thanks again for watching.
Short
by pcmonk
Bitcoin -> Please Don't PanicHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite obvious previous weekly support zone which was now turned resistance exactly at the HKEX:30 ,000 area. As mentioned in my last analysis linked below, after a 90% pump over the past couple of weeks a short term correction was quite likely and maybe Bitcoin will also retest the $24,000 level from which I then do expect a next rally towards the upside. On the daily timeframe you can see that Bitcoin is currently already retesting a previous daily support zone at the HKEX:27 ,000 area so after we get some bullish confirmation, we could already see a short term rally towards the upside from here. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
33