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Btcusdidea

BTC TO CHOOSE A DIRECTION!As I said previously on my idea, btc dropped correctly at the 35-36k level and kept it to bounce back to new highs, However we are still looking at a rising wedge pattern in the 4h chart and coordinated with a strong resistance which indicates reversal point on the daily chart that needs to be broken but it has not been broken in a while. I remain kind of neutral in the market but I expect 2 scenarios playing out. First Scenario- As seen in the chart, I expect Head and shoulders pattern forming, indicating that BTC will probably fall out of the wedge and bounce at 37.1k support up to 38k before falling again to the 35k, which may be a strong area to bounce back and trap the bears not going down. Personally I think this will happen and then we need to watch out the 35k level because if it does not hold, 30k is the target. Second Scenario- Be careful with the breakout! If it breaks the level of 40k, it may be a trap for the bulls as it has happened before and this pattern looks perfect to do that, especially on the daily. Volume is declining and an upward movement could be the perfect trap for the bulls and also shaken the shorts. Trade with SL, trade smart and don't FOMO. If you can not choose a side, better watch firstly.
by UnknownUnicorn17670525
Bitcoin- will it finally break up?As I said yesterday, a sell at 40k is too obvious and as I don't believe in "buy here, is the bottom", some I don't believe in "sell here, is the top". Technically, from the 33k recent low, BtcUsd is trading upwards and is drawing an ascending triangle on our chart and we can clearly see that the dips are bought. A break above 39k should accelerate gaines and the target for the pattern is 44k. To buy on a break can be a good strategy for short term traders
BITSTAMP:BTCUSDLong
by Mihai_Iacob
38
Can Bitcoin rise above 40k?After a short-lived drop under 34, Bitcoin has reversed and now is a correction mode, and, considering 3 consecutive red months, this is pretty normal. Although dips are bought, and we can clearly see this, I'm not convinced that this is the start of a new bull leg. At this moment BtcUsd is trading around 38k and a run above 40k would mean only 5%, which is nothing if we look at its usual volatility. Also, such a run would be a perfect bull trap, giving the impression that what was worst is behind us. Technical resistances are at 41 and 45k and, ONLY above 45k I would start question my bearish outlook
BITSTAMP:BTCUSDShort
by Mihai_Iacob
19
BTCUSD price action analysishi guys , lets see what's happen after the last price action BTC analysis in my ideas so i show you guys the beautiful bullish channel at the ATH price as i mark where was it in this chart , and i note that price need correction and after the correction price can rise , and this correction happened and the price fall down to the bottom of the channel , after this correction price breaks out the beautiful channel i share with you guys and see what's happen next ??? baaaaaaaaaang btc fall after that break out in the power full bearish trend till this moment :))) i save all of my positions and you guys ;) in the last price action chart i share in the ATH price lets talk about now , till btc price is under this power full bearish trend line the market is bearish and the best support area is around the 30k$ price and price should test this areas
BINANCE:BTCUSDShort
by hossein_rf
Bitcoin- Pin Bar for down continuationIn my yesterday's analysis, I said that Btc CAN rise to the 40k zone, but traders should not get too excited and this, in fact, is just a correction. The main crypto didn't even had the power to touch 40k and reversed strongly from 39k, leaving a nice pin bar on our daily chart. This can be a clear signal that the correction is over and further losses can follow. At this moment, 35k acts as support and a break here should accelerate losses to 30k figure. In my opinion, rallies should be sold and as long as 40k resistance is intact my outlook remains bearish
BITSTAMP:BTCUSDShort
by Mihai_Iacob
21
Updated $BTC Chart: Volatility Increasing $51k-54k then $23-25k?My latest thinking on BTC: BTC is in the process of carving a bottom. I think there's likely to be one more pullback to test support here at the $32-34k region and/or slightly sweep the lows before BTC starts moving higher towards the last week of January. Then I think we should see a strong bounce in $BTC which surges upwards towards the $51k region either stopping at that support and reversing lower, or potentially extending all the way up to the $54k resistance before turning lower. At that point, I anticipate the entire market flipping bullish because of how quickly we bounced, however, I think at that point (towards the middle/end of February), BTC will reverse lower and sweep the lows ending up at support in the $23k-25k region. This should happen towards the middle of March to the middle of April. Let's see what happens from here. I'll update as I see price action change. The dates on the chart are important pivots for price action.
INDEX:BTCUSDShort
by benjihyam
5
End of Month Prediction - Up/DownFirst, I caution anyone to buy into the BTC to $100k hype. Be cautious with your money. There are too many external factors currently at play which can cause further and more violent corrections to the market. At minimum, wait for the FED report on crypto currencies. Then consider the fact we are dealing with rising interest rates, two potential conflicts in Asia and Russia, a continued supply chain crisis, and no indication any additional stimulus will be hitting the retail investors pockets. This is a totally different year compared to 2020 and 2021 and it should be analyzed through a much different lens. So, let's look at the short term; specifically the 4 hour chart and what this can tell us about what will happen through the end of the month. At the moment, it looks as if a bull flag is forming and we can see an RSI indicating an overselling of BTC. This could result in an increase of value and my prediction it it will either top at $40k or $44k. The main factor in the differentiation is the hype factor. A $4,000 increase would equal an 11% ROI at current levels and $44,000 of course would provide a 22% return. Not a $100,000 BTC, but anywhere between 11% and 22% in the short term is a lot of money - depending on how much you are investing. Now (again on the 4 hour), a $40,000/$44,000 BTC level by the end of the month would result in a significant over purchasing of BTC. Which would mean profits will be taken. There is no reason to suggest anyone investing a significant amount of money would not take a 22% return on their investment. At this point expect a sell off, and expect BTC to start being shorted again. The next step is to look at the descending and widening 4 hour channel. Where will the decline likely lead? The next level to look at is the $30,500 mark. Thiswould be the next good spot to look at purchasing for some decent gains on the 4 hour.
by HoldenTC
1