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Btcusdidea

BITCOIN AND USDT DOMINNACE: SIDE-BY-SIDE COMPARISONHello traders, I hope you all are doing well. Today, I have an interesting update for you all. A side-by-side comparison of BTC and USDT.D. I hope this idea will be helpful. Time frame: 3 hours. Update: As you can see in this chart, the USDT.D and BTC work like a parallel universe where things are totally opposite to each other. This is because BTC is in the USDT pair and the moment the sellers (in the majority) sell BTC, the USDT dominance increases. In the same way, when buyers (in the majority) purchase BTC in exchange for USDT, the dominance drops, and BTC increases. Now, the current scenario shows a bearish move on BTC and a bullish move on USDT.D. If this pattern plays off accordingly, we can expect BTC to drop down close to $19k and the dominance to rally up to 7.9%. On the other hand, if BTC needs to be bullish again, it must break above the $20.4k resistance level. For the USDT dominance, 7.3% holds strong support. I am not saying that we should rely only on these two charts for trades, a trader should always analyze other parameters before investing. There are other charts that we can analyze for better confirmation, the BTC dominance, the total2, DXY, USDC dominance, S&P 500, NASDAQ, etc., and of course the fundamentals. That's it for now, I'll catch you up on my next update. Until then trade safely. Thank you.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
6
Btcusd bitcoin Btc Crypto market update Pakistan Time: 5:33PM Bitcoin support levels - 20,000 USD and 19,600 USD strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis - Bitcoin is forming a double top which is bearish pattern and soon we will see drop in Bitcoin price. Price may touch the support area of $19,600 where 200M.A also lying There are are still signs of struggles in the crypto market. The US Federal Reserve controlling measures against inflation. With its approach of increasing interest rates and tightening other financial operation Don't trade without stop loss
by Waqar212
BTCUSDT Oct 1 22🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
Bitcoin - no supplyAfter the third approach to the trend, the price went to test the zone of interest of the buyer. Thus formed a trading range in the upper part of the buyer zone and the market went into a flat. Inside the trading range we observe a false breakdown of the lower boundary and shakeout. From the buy zone the movement resumes on the increasing volumes. For further upward movement it is necessary to break the upper boundary of the ridge and consolidate above them. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BINANCE:BTCUSD.P
by Artem_Dishel
3
BTC Market Analysis 29/09/2022BTCUSDT pumped after the breakout of its symmetrical triangle but later it got rejected from the horizontal resistance which was also the main target of this symmetrical triangle. Currently $BTC is now trading above its key support levels which are marked in the chart i drew above. If we see some Bullish Momentum here then there will be a bullish sign for BTCUSDT and overall ALT markets, on the contrary if there is a succesful breakdown below the current demand zone, it will then confirm a bearish move in the BTCUSDT and overall cryptomarket. Let me know what you think! MetaFutures.
by MetaFutures
BITCOIN: ONCE AGAIN AT THE SUPPORT LEVEL.Hello traders, it's been quite a roller coaster ride since yesterday. Here's a quick update on BTC in 12 hours timeframe. Preview: In our previous 2 hours TF update, we saw how BTC got rejected exactly from the $20.3k resistance level and we made a save exit on BTC, ETH, and OP trades. Update: Currently, we can see that BTC is back to its previous support level and it is important for BTC to hold it tight. A breakdown below this level could mean a fall below the $18k and that will lead BTC towards $17.6k. Now, $17.6k won't be an ideal place for BTC to stay cause that will disturb the entire trendline and invalidate the rally. A shadow can be expected but a breakdown and close below the support is not something that we want. RSI: The only good thing in this chart is the RSI. Even though the market is dropping down, the RSI continues to rally up. This is one of the strong bullish divergences and I expect something good out of this. That's it from my end. If you have any thoughts or ideas on the recent BTC move then do share them in the comments section. God bless and trade safely.
by Dexter_The_Trader
$BTC Final Leg downOkay, I'm back. Been away for a while. Just sitting on the sidelines watching certain parts of the space make assertions for bullish runs back to the ATH, 100k, and bitcoin bottoms and even saw a few who compare data from 3 years ago to now as if the economic conditions globally are the same. Now there's nothing wrong with these assertions, however, I do believe they lack perspective because many aren't taking into account the current state of the world. Nevertheless, nothing has changed in my analysis, thoughts, or personal opinions when it comes to the direction of bitcoin. As is charted back in march the S&P500 the direction was down, why? because world as well as the U.S economy is in a terrible state. Even though the fed's didn't raise rates by that much then. I pretty much assumed they would do what they did now. Which was raise rates by 75bps, because the obvious is happening. We are heading into a harsh recession. I still feel that way now, but with inflation being a primary concern and the fed hiking rates by 75bps and continuing to hiking it to i believe to 150bps next the fed is using a method called quantitative tightening (you can think of it as the fed putting inflation in a chokehold) to get hold of inflation , which hurts the stock market in the process and could last for 2 years. With the fed trying to get a hold of inflation, the current state of the world, and U.S., and the performance of the stock market. It's imperative to remember bitcoin and the whole crypto market isn't a mature market yet, it's fairly new. So it's going to fall to the whims of stock market (mature market) movement because it's reflects investor confidence. In other words and simply put whatever the stock market is going to do, bitcoin is going to do. I made a chart previously that showed on the weekly TF that on the entire chart that most of the trading volume is at 9k. Which tells me in regards to S/D trading technique that is where most of the demand is for $BTC. This chart that i've have created should be the last leg downward for bitcoin. As you can see on the chart bitcoin as drawn out the same patterns over and over. This is why i didn't understand why people were calling for bottoms at 17k? Based on this bearish pennant that it's currently forming we should expect to see 9k btc, with the likely of touch as low as 7k briefly. This all aligns with everything i have been saying since january, i have not changed my stance. Whether you like it or not.. we will see 9k. I've told people months ago, to put money to the side because you're going to get an opportunity of a lifetime with some cheap entries into your favorite projects. This is where millionaires will be made...😎 take advantage!
BITSTAMP:BTCUSD
by Nick.TkgProfits
3
BITCOIN: THE FACE OFF.Hello traders, here's a quick update on BTC in the hourly chart. BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest. What is your thought on this recent rally? Do share in the comments. Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart. Thank you for your support.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
13
BITCOIN: HOURLY UPDATE.Hello traders, welcome to this hourly update on BTC. Update: BTC has been well maintaining the support level in a higher TF and in a shorter timeframe, it is going sideways forming a symmetrical triangle. I would still consider $18k to $18.5k a good support level for BTC. We may see some big moves in the market soon and I would prefer a bullish move. We are close to the weekly close and this time a weekly close above the $19.5k will be good for the market. What do you think about the current market scenario? I'll update more on it soon until then trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: AN ANTICIPATION.Hello traders, I hope you all are doing great. Here's a quick update on BTC in 12 hours timeframe. Preview: According to our previous update, BTC is still holding the support level and it is trying the best it can to bounce back. Due to the FOMC press release, we saw some extra drama in BTC but still, it is holding on. Update: As BTC is maintaining the support level, it is interesting to see how the 21 MA is holding the price to rally higher. Currently, the price is exactly at the 21 MA, and this time whether BTC will break above it or below it will be a tough call. Technically, even if BTC manages to break above the 21 MA, it still needs to face the $21k resistance and then the $22k. But a rally up to that level itself will be good for the market. Conclusion: Like I said before, until and unless BTC goes below the support level, we are good to go. Breaking down below it will be a good opportunity to accumulate. With this thought, I would like to rest my case. Share your thoughts and ideas if you have any. I would love to read them. And also, thank you so much for your support and motivation. Have a blessed day.
by Dexter_The_Trader
8
BITCOIN: BREAKOUT IN HOURLY TIMEFRAME.Hello everyone, we are a few hours away from the FOMC meeting, and here's the BTC chart in a lower timeframe for better understanding. Update: The FOMC meeting is about to take place and BTC broke out in the lower timeframe. Can this be a good sign for the market? For that, we have to wait. If this breakout turns out to be true then we can expect a good rally after this FOMC meeting. If not then be prepared for another bearish move. Trade safely.
Long
by Dexter_The_Trader
4
Levels and Price projections for BTCSo far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start. 1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support. 2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower). 3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-) Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past. This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
BITMEX:BTCUSD.P
by SasaT4NG
BITCOIN: THIS IS IT.Hello guys, welcome to this BTC update. The weekend went well but the beginning of the weekdays went wrong. All this was expected and you knew it if you followed my ideas. Anyways, here's a quick analysis of what could happen next. Recap: In our previous update, we discussed how important the current support level is and as it is still holding the support, we still have that one chance to bounce back. Update: We expected and it happened. BTC is once again back to the same support level and this time it is under the descending triangle formation. Things are pretty clear here for both negative and positive impacts. Positive Impact: If BTC can hold this support level then we can expect a bounce back soon. Maybe a quick drop towards the $17.6k level. Negative Impact: If BTC breaks down and closes below the current support level then the descending triangle will play its part. That's it from my end for now. We will wait for now. Do comment your ideas and analysis in the comment section. Thank you for supporting.
by Dexter_The_Trader
8
BITCOIN: MOMENT TO DECIDE.Hello traders, it's an honor to pen down my analysis on BTC in 12 hours timeframe. I hope this update will be helpful for you all. Update: BTC has been making a negative move in the last few days. From a straight pump of +23% to a quick drop of -16%, all in the span of 10 days. Things took a dramatic turn on BTC but it is not quite a surprise cause BTC is used to being dramatic. The entire market is talking about the bearish sentiment, some predicted BTC to drop by $10,000, and some by $3000. Even I analyzed that if BTC drops below the current support level in a higher timeframe then it may reach down to the $12k where we have the 2nd support level. The interesting thing to notice is the volume spike which is increasing whereas the BTC price is decreasing. As BTC is still holding the $19k support level, there could still be a chance to bounce back. I clearly understand that we are in the bear market and BTC can go further down from its current price but still, it is worth considering the current support level. Until and unless BTC is holding the present support level, I am positive about BTC. If BTC breaks and closes below $19k, I will for sure wait for the strong buyback level and trade accordingly. It is indeed a moment to decide on BTC. Note: I am not talking about the bull run here, I am talking about BTC sustaining the $19k support level and bouncing back to a decent level in a lower timeframe. What is your viewpoint on BTC? Do share your ideas in the comments. Thank you for reading. God bless and trade safely.
Long
by Dexter_The_Trader
12