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Btcusdidea

BTCUSDT - Double Top Possibility on Monthly ChartHey guys, Long time no see (: I wanted to take a look at BTC in a very long term, on the monthly chart. And immediately I noticed a double top pattern formation drawing possibility. First top was around 65K with a volume of almost 2 million. We had a retrace to the neck after that. Second top was at 69K with a volume of around 1.3 million. And now we're still in retrace mode. Consider the pattern, the conditions seem like met. A higher price second top with a lower volume. In my opinion, until we see a price move above 69K , this double top pattern has a lot of potential to work out. So we better watch closely for the next couple of months. If the price comes to near 30K within the next couple of months, we can see it as the confirmation of the pattern. And only after that it will be very likely to hit 19-13K area, to complete and end the formation where it all began. Cheers. PS: Not a financial advise. Always DYOR. Stay safe and happy new year!
Short
by koklucinar
BTCUSD -where do you go?Hello Traders, The situation on the market is clear. Price is moving between 51500 and 47530. Momentum is in the sell zone but is very weak. I will not recommended to sell yet. Keep in mind that situation could be temporary and change any time. Candlestick indicate that we have temporary support on 47530 level (not a zone) and it’s mark on close/open price - grey rectangle). Red vertical line indicate future price change direction. This one of my fevered techniques. When the price reach vertical line price should change direction - if it’s low then will go high, if it’s high then should drop. If the price start getting higher then we have resistance on 49211. Remember that Dojo is always support/resistance level. Cheers, Jim
BITFINEX:BTCUSD
by jimmycdn
5
BTCUSD :: Rebound Possible Ahead of Options ExpiryBTC/USD Technical Analysis The four-hour chart shows that the BTC/USD pair has been under pressure lately. The pair is trading at 47,615, which is lower than the chin of the double-top pattern at 49,418. It has also moved slightly below the 25-day and 50-day moving averages and is a few points above the key support at 46,000. It is also a few points below the 23.6% Fibonacci retracement level. Therefore, while the overall trend is bearish, there is a likelihood that the pair will rebound in the coming days after the options expiration. If this happens, the next key resistance to watch will be at 50,000. Bullish View Buy the BTC/USD pair and add a take-profit at 50,000. Add a stop-loss at 46,000. Timeline: 2 days. Bearish View Sell the BTC/USD and add a take-profit at 46,000. Add a stop-loss at 48,000. The BTC/USD pair remained under pressure on Thursday morning as demand for Bitcoin remained sluggish. The pair is trading at 47,615, which is about 10% below its highest level this week. Options Expiry It is unclear why Bitcoin has struggled in the past few days considering that American equities have been relatively strong in the past few days. The S&P 500 is trading at a record high while the Dow Jones is a few points below its all-time high. A possible reason is that investors are selling Bitcoin ahead of the options expiry that will happen on Friday. A total of 129,800 options contracts worth about $6 billion will expire. In most cases, Bitcoin tends to see some weakness ahead of expiration. This trend happens because of spot traders who try to push the spot price closer to the strike price. At this point, the highest number of open options usually expire worthlessly, which leads to max pain for options buyers. This point will be $48,000, which is slightly above the current level. Another possible reason for the current price action of the BTC/USD pair is that the low volume in the financial market is leading to substantial volatility. We have already seen some volatility in other markets, including the bond market. In addition, the BTC/USD pair is likely falling because of the Federal Reserve. The Fed has hinted that it will start to unwind its easy-money policies in the coming months. It will end its quantitative easing program in March and then implement three rate hikes in 2022. In most cases, risky assets like Bitcoin tend to underperform when the Fed has embraced a hawkish tone.
B
by SmoothJB
Bitcoin- The do or die moment and... I think the latterAs I said in my yesterday's Total Crypto Market analysis, I think is "bye-bye happiness" for crypto for the time being and, in my opinion, we are in a bear trend. Bitcoin has dropped yesterday around 5% confirming my bearish view and has stopped at 48k zone horizontal support. Considering the corrective structure of the 42-52 rise and the impossibility to hold gains above 50k, I believe we are very close to a new and aggressive leg down. At this moment we could have a small recovery for the price and this is a good opportunity for bears to sell short. Only back above 53k would deny this scenario
BITSTAMP:BTCUSDShort
by Mihai_Iacob
53
Bitcoin- Could drop to 40k zone againSince the recent low under 46k, Bitcoin has had 5 good days and the price has risen above 50k to a high at 52k, slightly under 15%. However, bulls could not hold the gains and, after a small range of consolidation above 50k, BtcUsd has dropped under this important figure again. Now the price is in 49-49500 support and a drop here would expose 46 recent low. More important is that if Bitcoin will break 46k confluence support the road is clear to the 40k zone and also would be a very bad sign for bulls in the future My strategy is to sell rallies above 50k and, as I said multiple times, only a sustained break above 53k would make me bullish
BITSTAMP:BTCUSDShort
by Mihai_Iacob
25
BTCUSD Long with 2 confluences List of confluences: With more to form in the coming days. 1: Daily chart key level, which shows the formation of a lower high. We would need a breakout and close above this level (51 967 USD) on the daily chart to confirm a change in market structure and the creation of a new high. 2: Inverse head and shoulder pattern formation on daily chart and H4 time frame. Its more visible on the H4 time frame. We expect visibility to increase on the daily chart in the coming days. Summary: When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish. The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish. Moving onto the daily chart, the trend is over extended remains bearish. We can see some buyers trying to enter the market, with the creation a lower high formed around the 7 and 8 of December. This shows possibility of the trend turning bullish, which would be in line with the trend on the weekly chart, making for some explosive moves to the upside. The target would be in the region of 68 100 dollars. Targets are set using fibs. We only looking to trade about 60 - 65% of the move with a decent risk reward as there is higher probability of our target getting reached. We do not want to stay in trades too long as anything can happen at any time
SAXO:BTCUSDLong
by NDOBObanks
BTC/USD Analysis: Bullish SequenceI wrote last Monday that the technical picture here had become more bearish, with the price dominated by a descending bearish trend line suppressing the price for more than one week. I foresaw lower prices as likely. However, I did think that the support level at $46,381 was likely to produce a firm bullish bounce if reached. I was correct to be bearish insofar as the price traded lower over most of the day, well into the New York session, before bouncing close to the support level at $46,381 and then rising ever since. I was on the right track as seeing that level as likely to be strong, although my call was not actionable for a long trade. The technical picture is considerably more bullish, as we have seen a succession of higher lows and higher highs over recent days. The technical feature which really stands out in the price chart below is the support level at $49,576 which looks very likely to hold if reached again, especially as it is confluent with the very major psychological round number at $50k. The problem bulls are facing is that although risk sentiment is quite good in the market right now, Bitcoin seems to be running out of steam in recent days as it gets close to the resistance level at $51,912. I do not want to take a short trade there as the dominant structure remains bullish. I am persuaded by the bullish case although I am not strongly bullish. I will take a long trade from any bullish bounce at either of the nearby support levels at $50,153 or $49,576 especially. Long Trade Ideas Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $50,153, $49,576, or $48,111. Put the stop loss $100 below the local swing low. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride. Short Trade Ideas Short entry after a bearish price action reversal on the H1 timeframe following the next touch of $51,912 or $53,201 or $53,853. Put the stop loss $100 above the local swing high. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride.
BITSTAMP:BTCUSDLong
by SmoothJB
1
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends. btc update told in the previous chart it could jump from $46000 to $49500 as it happened now I think btc will test again on 21ma from here to $49800 and from here btc from 58k to 65k again Could jump to 85k, take new all-time high Thank you Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563