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
Btcusdidea
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
Trading Signal For BTCUSDT Bitcoin Trading Signal:
A Trading Signal is seen in the BTCUSDT Bitcoin.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 36600.0
⭕️SL: Close below 35599.0
🔵TP1 @ 39230.0
🔵TP2 @ 40560.0
🔵TP3 @ 42175.0
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WARNING! ⚠️ AVOID THIS MISTAKE- BITCOINThe $30k-$28k price mark is still strategic for Bitcoin. The market is only taking a breath as we see some green candles. The Bears are still active as they are holding a strong ground.
Rising Wedge sited on 1H shows bearishness. Clear direction will be on break out.
Watch out! As we might still witness another phase of a blood bath.
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.
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 $30,500 mark. Thiswould be the next good spot to look at purchasing for some decent gains on the 4 hour.
One Last Retest to 53300$ After tht Below 40k 💣💣💣💣Hello Dear Traders,
Few Weeks ago, We witnessed scary fall of btc towards 40k area. frm last few days good amount of accumulation has been done on daily timeframe.
i m expecting btc will once again test 53300$ after tht bears will hit hard and we will see btc trading below 40k. i would like to get ur attention on monthly candle of btc. December monthly candle is going close very bearish after successful closing we will see bears hitting hard on btc.
Its clear tht we are in bear market, so don't get excited when btc gives small rallies.
BITCOIN SREP BY STEPit my trigger price action idea about bitcoin .
its the schematic picture of bitcoin step by step. THE DATE IS OUT OF MY ANALYSE
btc will go to hh1 under the red line .HH1
the second step is: engulf the yellow line even with one pip.LL2
the thied step is : engulf the RED line even with one pip.HH2
the 4th step is : broke the yellow to next base as the chart shown.LL3
5th step:BROKE THE 70K. HH3
Bitcoin- Getting back to main idea(and trend): sell ralliesOver the weekend I've argued that a relief rally can follow the strong sell-off in Bitcoin (and crypto market).
Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k.
However, bulls lack power, price action is choppy and the rise is not convincing.
There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind.
As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k.
Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario.
Best of luck!
Mihai Iacob
Bitcoin Analysis 23.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BTC WEEKLY ANALYSIS BTC / USD
Bitcoin got dumped hard recently and it’s the first time to test 100W EMA since April 2020 !
As we see in chart this 100W EMA (dynamic support) is very important …every time price closed weekly below it massive crash happens after
So now all the eyes on moving average + 30k Strong support
Bulls should show strength here or the pain will continue may be up to 20k
Pleas Note that Price can also stay longer time playing in this range for some more weeks before next decisional movement
Always adapt with the market changes
And Enjoy your time
BTCUSD Will Bounce Back on Weekly! As we projected last week BTCUSD made a dump of valleys which continues its bearish market. It will probably continue to go down around 32074 to 28943 zone area which is a very strong weekly support area and could bounce back around 45932 zone area. Confirmation of price action is needed before making buy entries. #tyor #dyor #btcusd
BTC/USD LONG & SHORT SET UP (HODL)Bitcoin (BTC/USD) continued to suffer from negative technical sentiment early in today’s Asian session as the pair continued to eye the psychologically-important 34000 figure. Bears pushed BTC/USD as low as the 34017.56 level after testing a downward price objective related to recent selling pressure around the 52100 and 48574.70 levels. Stops were recently elected below the 40921, 40842, 40362, 40230, 38832, 38602, 37782, 37593, 37426, and 37119 levels during BTC’s sharp depreciation. If BTC/USD extends its recent weakness, additional downside price objectives include the 33724, 33208, 33069, 32894, 31639, and 29514 levels.
Previous buying activity saw BTC/USD escalate to the 42692.71 level, representing a test of the 38.2% retracement of the appreciating range from 39650 to 44453.22 area. Stops were also recently elected below a series of downside price objectives including the 46219.09, 45864.66, 45807.18, 44655.08, 44763.46, 43863.32, 43211.49, 43132.91, 42544.70, 42497.20, 41919.46, and 41583.39 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the 100-bar MA (4-hourly) at 42143.82 and the 50-bar MA (Hourly) at 39778.68.
Technical Support is expected around 33069.10/ 31639.47/ 29514.02 with Stops expected below.
Technical Resistance is expected around $35734.12/$37670.39/ $39514.35 -$40,000/$41,500/$44,000/ $50,000/ $53046. 01 / $55157.38/ $55526.67/ $58,000/ $60,000/ $64,000/ $68,000/with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BTC SHORT TO $24- $26K BTC going on an A-B-C correction which is very common after a good 5 wave impulse
Blue 5 wave Elliot wave from 2017 to 2021
ABC corrective wave in RED
Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE
Wave C has two more waves to go sub wave (4) and sub wave (5)
I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K
1) significance of 26K is it's Fib 61.8% at its all time high of 68K
2) Wave C extension of Wave(A) falls around 24K
So thae 24-26K zone is a great one to watch