BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
Btcusdidea
BTC ANALYZEUntil now, there are no signs of a rise in Bitcoin or the beginning of a strong rise, perhaps we are only in a corrective state
The price is now testing the block order located in the golden zone 0.5-0.61, as we notice that the wike is in today's candle, all of this enhances the possibility of the price rebounding from this area.
We can talk about bullish signs in case the selling top is breached, which broke the last bottom shown in pink.
BITCOIN: IN NEED OF CORRECTION. BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance.
Thank you for reading. Trade safely.
BITCOIN SURPASS THE RESISTANCE.Hello traders, here's a quick update on BTC in 8 hours timeframe.
BTC surpassed the resistance trendline in this 8-hour TF. This recent rally fulfilled our initial target of $19k. The breakout above the resistance trendline looks pretty good but we can't avoid the RSI level. The RSI is highly overbought and anytime soon it may drop. Things look pretty interesting but better be careful cause in the higher timeframe if BTC doesn't break above $19k then we may witness one last drop in BTC and then the actual rally.
What is your opinion on the recent BTC rally? Let me know in the comments below.
Thank you for reading.
Trade safely.
BITCOIN WEEKLY UPDATE: BULL RUN IS AROUND THE CORNERGreetings, traders. It has been a good new year start with BTC moving up and good gains in the altcoins lately.
Note: This is an important update so do read it till the very end. It will be much better if can spare your valuable time to read this update.
Today, I want to share with you all a thorough analysis of bitcoin and where the price is going to head next.
Highlight: It has been a long 420 days of a bear market ever since BTC hit the new all time high. Things have been pretty rough but that's part of the game. In a shorter timeframe, BTC has broken above the $17k resistance line which is good for the market.
Weekly Analysis: In the weekly timeframe, BTC is resting under the support and resistance horizontal line. These two lines are going to be crucial for BTC and the entire market. The resistance is based on 2017 all time high and the support line is based on the 2019 high.
Now, the supporting trendline (in white) shows how BTC has maintained it and BTC actually started rallying right after it hit the lower trendline. The resistance trendline shows the next bull run target for BTC which is beyond the $100k target.
The RSI is at the oversold range which shows a positive indication of a massive rally coming soon.
Bull Run: I believe the bull run is around the corner but before we see a rally, we may witness one last drop. From the current price, BTC can reach up to $18k to $19k, and then it may take drop back to $15k or below it. With such bullish hype in the market, things look skeptical and it could head in any direction. But one thing is clear if BTC has to drop then the support level will be between $13.9k and $14k, and if BTC has to rally then it must surpass the resistance of $19.9k to $20k.
Key points:
1. Support level: $13.9k or $14k.
2. Resistance level: $19.9k to $20k.
3. Entire social showing bullish news (which could be a trap).
4. RSI indicates a bullish rally.
I hope this update was helpful. Do like, share, and comment to show support for our community.
Thank you so much and trade safely.
Bitcoin Analysis 09.01.2023Hello 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!
You can also check out my previous analysis of this asset:
BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe.
For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k.
So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must.
Key points:
1. Expected target: $18k.
2. Invalidation point: Close below $16.6k.
3. Confirmation: Breakout above the blue box.
Thank you for reading.
Stay healthy and trade safely.
There is an analysis of the BTCUSD H1 chartIn our analysis, we found a number of data points.
There has been a 64% drop in bitcoin prices over the year, and 75% since November 2021 when prices reached all-time highs of $69,000.
It has been noted that the price has been forming a triangle with symmetry since last month during the consolidation period. Additionally, there have been multiple pullbacks and bounces that have tested Trigale's trendline over and over again. A triangle can be broken on any side, either downwards or upwards, according to the theory, and the price can appear anywhere.
There is a target at 16714.82 & 16565.5 if the price breaks down this trendline. However, if the price moves above the upside trend line, a target area at 17062.44 is the target if the price breaks down the site trend line.
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
#BTCUSDT - Thoughts out loud plus technical side. #BTCUSDT #BTC #USDT.
Good afternoon!
The idea of the possible development of the situation on Bitcoin and the direction of the cryptocurrency market in general.
For this period of time, the price continues to decline and there are no purchases by professional market participants on the chart.
If the buyers do not keep the price in the range of 15555 - 17777, we can expect further price decline, prospective prices The chart shows possible scenarios:1.2.
A.B.C. - Price levels from which we can see the resumption of acquisitions.
Against the background of the technical picture, the news background begins to slowly fill the information that one of the largest mining companies in the United States, Core Scientific, has filed for bankruptcy after the fall in cryptocurrency prices and rising energy prices. Core Scientific mines reliable cryptocurrencies such as bitcoin. The process involves connecting data centers across the country equipped with highly specialized computers that process mathematical equations to verify transactions and simultaneously create new tokens.
This process requires the use of expensive equipment, some technical know-how and a lot of electricity.
Core's market capitalization fell to $78 million as of the end of trading on Tuesday, down from a valuation of $4.3 billion in July 2021. Over the past year, the stock has fallen by more than 98%.
According to a source familiar with the situation in the company, the company is still generating positive cash flow, but this money is not enough to repay the financial debt for the equipment it leased.
The person added that the company will not be liquidated but will continue to operate as usual, reaching an agreement with senior securities holders who hold the bulk of the company's debt.
The company said in October that holders of its common stock could experience a "total loss of their investment" but that this may not happen if the industry recovers.
The company also said it would not pay debts in late October and early November and said creditors could sue the company for non-payment.
At Core, which primarily mints bitcoins, the token price has fallen from an all-time high of over $69,000 in November 2021 to around $16,800.
This loss of value, coupled with increased competition among miners and rising energy prices, has resulted in shrinking profits.
This is the first time in the history of the crypto industry that more than 25% of the total amount of bitcoins mined in 2022 falls on this company.
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Bitcoin Analysis 24.12.2022Hello 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!
You can also check out my previous analysis:
CAN BITCOIN RALLY UP TO $18K ONCE AGAIN?Hello guys, Dexter here with yet another update on BTC in 6 hours timeframe.
For the last 7 days, BTC has been moving slowly, forming small candles and one or two reds and greens in between. The price ranged between $16.4k to $16.9k which is okay and still doing well. This price range has been supporting BTC for quite some time and has recently created another supporting trendline (The yellow dotted line). If BTC can manage to hold this support then we can expect BTC to reach $18k soon. Breaking below the yellow dotted line may indicate a drop close to $15.3k.
Trade Setup: I am doing long on BTC at CMP with SL at $16.2k. The target will be close to $18k. A straight 10% gain if pumped and a 3% loss if it breaks down. Sounds like a good R:R ratio.
Note: Take a trade only if you are confident enough. Not financial advice.
Trade safely.
BITCOIN: THE DIRTY DANCE.BTC did it dirty.
After the big red drop in BTC from $18.4k to $16.5k, it tried to hang in there but failed to hold it for a long. These two red candles created a panic scenario and many thought that BTC is going down for $15k once again but who would have thought that a big green candle is waiting for next door? LOL! BTC went right above the resistance (which is now a support) and now trying to hold this level. If BTC manages to hold this level then we can expect $17.4k around the corner but if it drops down below the S&R line then things may be bearish again. Technically, we are still under the bearish scenario so that's okay.
Can this end of the last quarter be a turning point for the crypto market? Things are pretty tight so maybe the new year could change the course of action for the crypto industry.
Trade safely.
BITCOIN: NOT A PLEASING CHART.BITCOIN Update:
BTC in a shorter timeframe is not pleasing to the eyes. This rejection indicates a drop close to $16k to $15.8k in the coming hours. If BTC gets back above the resistance level ($16.8k) then we can think of some positivity but until then I expect a further drop-down in the market. In a higher timeframe, BTC looks more bearish and we can expect it to drop close to $15.1k. This is good for the long-term holders to accumulate BTC at a lesser price but RIP for those who went long on BTC in leverage.
Key points:
1. $16.8k Resistance. BTC must break this to claim some positive move.
2. $16.1k further drop level.
Trade safely, guys.
BITCOIN: REJECTION FROM THE RESISTANCE.Hello folks, things went crazy with BTC and other altcoins recently. Here's a quick analysis of BTC in a daily timeframe.
The yellow-dotted resistance was spot on and we saw how clearly the price got rejected from the resistance level. BTC is currently trying to hold $16.7k where we may have a little support. This may turn out to be a strong one but doubtful. With the RSI still having more room to dip, I expect BTC at $15.1k and a bounce back.
What do you have to say about the recent BTC drop? Do share your views.
Trade safely.
Bitcoin Analysis 16.12.2022Hello 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!
You can also check out my previous analysis:
BITCOIN: A RETRACEMENT.Hello guys, a quick update on BTC in a lower timeframe.
Recently, we saw a nice 9% jump in the market and after every jump a retracement is necessary. The current rejection from the resistance level looks okay to me and we can expect BTC to hold the $17.3k to $17k level and then another rally back to $18k. So far, BTC is maintaining the rising wedge pattern and if it continues to do so, we may see some positive moves in the market.
Invalidation point: $17k.
Note: This chart analysis is based on a lower timeframe so do not consider it for a long-term investment.
That's it from my end. Trade safely.