Would it be another huge fall?I just wanna inform you what happened to bitcoin in the past.
Could the history become the future?
Btcusdforecast
BTCUSD - Its Really Starting to Look Like ThatThis is a comparison between S&P non log chart and BTC chart again no log
The major structure that is forming during this bullrun is very similar to that on the S&P, hence I make the assumption that price may act the same as the S&P
The pattern is a Broadening Wedge
BTC: Still looking for more downside!Bitcoin
Intraday - We look to Sell a break of 28488 (stop at 29009)
28561 has been pivotal. A break of bespoke support at 28500, and the move lower is already underway. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28500 / 27700 / 27000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC: AT THE RESISTANCE LEVEL!!!Hey guys, welcome to this BTC update.
BTC bounced back from the support level, not exactly from the support but close to it. If you have entered into BTC at around the $28.8k range then you are around 5% up without any leverage. Currently, BTC has strong resistance at the $30.2k level and if BTC manages to break above this level then we may see some good moves coming in. Rejection will be disappointing but it can give another chance to re-enter at the lower support level ($28k).
I am holding a small portion of BTC and if it gets rejected back to $28k then I'll accumulate more. A rejection and close below $28k will be an exit sign.
Trade safely.
BTC at a crucial pointThe previous two shorts didn't work. However, the -AOI area is still intact. I will wait for a bearish scenario to form. A little tricky at the moment. If we break the high I'll wait for more definite price action.
BTCUSD Bitcoin : Rise from the ashes or fade away? Why and how Let's shut down negative thinking and look at facts, fundamental and technical facts, which is what makes analysis.
Fundamental -
Bitcoin is an alternative to the stock market, USD, bonds and Gold.
What advantage does Bitcoin have over the others?
1) Limited supply, endless demand
2) Payment solution to beat aged payment services in speed and bureaucracy
3) Security of funds is absolute due to Blockchain
4) Bitcoin is a natural hedge to inflation , which may be long-term with what's currently happening.
5) Diversification king. Diversified portfolios must include the coin.
And more.
Now let's look technically.
1) Convergence of 3 critical support trend-lines long-term around 25,000.
*March 2020 - Today
*Jan 2021 - Today
*September 2021 - Today (Together with resistance forms a 'falling wedge' pattern which is bullish with consolidating highs and lows)
2) RSI 14 shows the most oversold daily condition since Jan 2022 , when BTC rallied from 30,000 to 47,000 - Before that, it was when March 2020 rally started and took BTC to almost 70k.
BTC needs to go back above 30,000 to confirm short-term up trend.
If Bitcoin breaks below the convergence of the support trend-lines, it could spike down to 20,000 and then 5,000-26,000 would be the next resistance to pass on the way back to up-trend.
The odds of that are significantly lower considering the fundamental advantages and the oversold technicals.
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bitcoinThe price touched the important area and it can continue or come back to up. After this price 19000$ is important for BTC. But there is divergence and usdt dominance chart is in the top of the channel. I think we will have fluctuation in this area so should be careful.
BTC SELL OFF EXTENDED, 27400Expecting a formation of head and shoulder on btcusd to RR of 1:11 to support previous chat!
BTC: We remain bearish territory?!!Bitcoin
Intraday - We look to Sell a break of 28785 (stop at 29436)
Primary trend remains bearish. A break of bespoke support at 28800, will open an aggressive bearish move. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28800 / 27700 / 27000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTCUSD The Best Entry You Will GetBTCUSD has aligned nicely with an up parabola plotted
This also nicely aligns nicely with a Fibonacci circle bottom that can be plotted
BTC is ending its downward trend phase
Further evidence for a bottom above
BTC Will Bring it Down!BTCUSD is making its way downtrend as it shows a sign of strength as it breaks the 30740 area of weekly support that has been respected multiple times. However, this bearish strength will want the sellers have the power to pull it more as it breaks the weekly support. A retracement along 23975 will be possible and will wait as it make a decision along that area of support. #tyor #dyor
Is this divergence relevant and BTC will pop?As we all have noticed, recently, BTC is strongly correlated with the stock market, and considering this correlation a true one, one may wonder if the recent divergence is of any relevance?
What I mean by this is that looking at the Nas100 chart above we can see that recently, although Nas has made a new low, this was not followed by BTC.
Considering that I expect the recent breakdown of support for Nas to be a false one and the index to correct higher could this translate into a pop in BTC's price?
More, looking strictly at BTC's chart we can see that after the 25k low, the price is consolidating and is trading in a range between 28500 and 31k
A correction in indices could lead to gains for BtcUsd and this can mean a break above 31k resistance.
In such a case, BTC can accelerate its gains towards 36-37k horizontal resistance.
That being said, I'm bullish BTCUSD at this moment and I will remain so as long as the range's support is intact
BTC - Beautiful Waves - BULL TARGETBitcoin is looking sweet. After finishing the 4th wave the clear skies are ahead of us..
BTCUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BTC UPDATE IN 3 HOURS TIME FRAMEWelcome guys to this 3 hours update on BTC. BTC is trying to push towards the upper trendline breaking the 21 MA resistance. But the real challenge is the $30k resistance. BTC must break above this level as we reach close to the weekly closing.
In case BTC breaks below the lower trendline (the support) then things may get into some trouble. So, keep your eyes open and trade safely.
I’ll see you in my next update.
Capitulate to 26k then off to 250kJust a nutty idea, loving how price reacts off this Pitchfork, fun to dream hah.
BTC Update - Next Target @ $25,000The 4 Hour chart is over bought.
Momentum is dying and it looks like BTC will be on its way down soon.
Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it.
Small bounce expected once it hits #5.
Entry Between:
$30,791.00 - $29,414.00
Take Profit:
TP 1 - $26,736.10
TP 2 - $25124.80
Stop Loss:
$31,262.00
If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽
Happy trading!
Not Financial Advise. Do Your Own Research.
BTC showing bullish divergences on dailyBTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be invalidated if price goes back to $29500 level and validated if we break $31500 so fingers crossed for a relief rally.
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - update2Little idea update.
After RSI formed a huge bottoming pattern on RSI in summer 2021 price retested this trend line in january 2022. This happened as in march 2020, BUT this time we had 2nd retest of a trend line on RSI - this looks bullish for me.
Yes we could see some more volatility before going higher but i will not wait prices below 25k.
I think this is extremely rare opportunity to enter the market OR to add BTC and other cryptos to your portfolio.
This is not financial advice but i will accept this opportunity and hold strong untill new wave of fomo kicks in.
Patience!
Bitcoin- What I would like to see to open a trade (buy or sell)Yesterday I said that BTC doesn't show any power to the upside, but, even if I'm bearish overall, let's be honest, bears are also dead and lack conviction.
So, at this moment, I sit and wait with a clearlettingin my mind:
1. Bullish scenario:
What I would like to see for opening a buy trade is a false break under the range's support (28.500) and a strong reversal back inside the range and above 30k. That for me is an indication that bulls are not letting Bitcoin drop and this is accumulation.
2. For a sell trade:
Would be exactly the opposite, a false break above 31k resistance and a quick drop around support. That for me is a sign that this was distribution.
For the obvious reasons, I will not trade the break in Bitcoin's case at this moment
