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Btcusdlong

BTCUSD Ascending TriangleIn BTC, the pulse of the market is measured by continuous movements. When we look at Binance, short positions show weight. From here, we can conclude that the result of this horizontal movement can be upward with at least a 60% probability. There is a gap on the futures side around 35K, but there is also a gap at the 69K level after the 31K drop, and this will need to be filled. Also, a rising triangle formation has formed in btc, and if an upward break comes, it shows us the 31,060 level, which I don't think is exactly a coincidence. In case of relegation, it also shows us the level of 25.229. Bollinger has a good tip. I mentioned on the chart that a purple uptrend has formed in btc. This point is currently at the same level as the central band for 4 hours. So we can see a retreat from here. This retreat shows us 27,916 for the moment. There is no other situation than this. There is no need to mention it on a daily basis, because the middle bollinger band remained at 24,092, I don't know if we will see a sudden pullback with the fed decision tonight. On the EMA side, the EMA 20 managed to rise to about 27,831. We may see a retreat or at least a needle towards here, but I don't think so. It will continue to move slightly horizontally, so that the EMA 50 level will sit above the rising trend of 16,961 and provide a better area for testing. The EMA 50 level is currently showing 26.577. Unfortunately, I can't comment on the RSI side because it is connected to the constant and does not give a signal. We can say that the incompatibility in the RSI does not work. if the 28.279 resistance is broken, the RSI can support the rise by giving an upward direction. MACD supports the situation I mentioned above. The red candles tell us that the market has not strengthened too much in the negative direction and the signal lines have not fallen below 0. With a single hard move, it can give us a strong purchase signal. Otherwise, the weak selling signal will continue on the MACD side. We are on an important day for leveraged traders, the FED Interest Rate decision will be announced at 21.00 in the evening. The expectation is that 25. on the side, our famous lawyer Jerome Powell will make a statement later. if it increases by 50 points, we may see a sharp decline. If 25 Points are announced, it can continue on its way after a slight retreat, I interpret the slight retreat here as 26.380. if he declares it as 0, the festive mood will start and BTC will continue its way with Dominance support. November altcoins will be suppressed a little if I mean by dominance support it will continue with money inflow and if this happens November altcoins will be suppressed a little. There is no problem here, it always happens on the ascents. If you liked my analysis, please share it with me in the comments. A lot of wins for everyone.
BITSTAMP:BTCUSD
by Alpekon
1
BTCUSD Daily Timeframe Price Action Levels&AnalysisHi, My latest analysis of Bitcoin, conducted on March 18, 2023 , focuses on a Weekly Timeframe Analysis and includes experimental resistance levels. As of March 21, Bitcoin has managed to stay above the critical support level of $26,309 but is encountering difficulty surpassing the $28,570 level. Upon examining the chart, you will notice that the price is inching closer to the Untested Supply area. This suggests that buyers may push the price higher, potentially facing increased selling pressure that could trap late longs within this zone. In light of this potential price action, those with long positions should consider taking profits if they have not already done so once the price enters this supply zone, marked by a red box on the chart. As a protective measure, traders can move their stop-loss levels to nearby swing lows. From a high time frame perspective, the market structure is not bearish as long as the price closes above $20,700. However, from a low time frame perspective, a close below the $26,309 level warrants attention. The nearest support levels are around $24,600 , as shown by a small grey box on the chart, with the following critical level situated near $22,675 . It is crucial to closely observe price action, particularly if the price closes below the small grey box. This analysis is for educational and entertainment purposes only and not investment advice. Trading cryptocurrencies involves high risk and volatility and may result in substantial losses or gains depending on various factors such as market conditions, news events, technical indicators, etc.. Always do your own research before making any trading decisions and never invest more than you can afford to lose. You can also check other analyses I've published earlier from my profile. Have a nice day!
INDEX:BTCUSD
by Stravios
BTC/USDTBitcoin should have gone down because it had a divergence in rsi and had filled sell orders at 25k and also encountered heavy resistance. On the other hand, it was very good that the cme chat was also filled. If he can close today's close candle above the ma 100 curve, he can hope for a rise in the short term, otherwise he can go down to the purple box that I specified. At the moment, a full 5-wave Elliott pattern has also been observed, but the length of the 5th wave can change.
by mohsenomidy
BITCOIN: With the DXY Threatening to Spike, BTC Might Fall a BitI'm watching the DXY carefully. It is long overdue for bounce since peaking in September. With the DXY threatening to spike and Bitcoin jumping 66% from the $15k lows to a key resistance level at $25k, it wouldn't surprise me to watch the DXY to run for a bit while Bitcoin retraces. Naturally it makes sense if the dollar index becomes stronger that every thing measured in dollars becomes weaker. We have a possible completed 5wave pattern. If BTC were to correct from here, we could have an inverse head and shoulders setup. With things so bullish, I would be looking for a shallow right shoulder. However given the bullish sentiment around BTC and the crypto over the past 6 weeks, I would not be surprised to see a wick down to the .618 as big money tries to flush out the over-leveraged longs. BTC has fallen $500 since I started writing so we may have already begun. Be patient and don't get greedy. I'll be using the DXY and BTC/Dow price action as my barometers.
COINBASE:BTCUSD
by jpbrown1023
2
#Bitcoin - thoughts out loud #1.Good afternoon, dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more favorable prices for ourselves (price range 15555-16666). Scenarios of possible development of the situation №1,№2 are relevant, but the market will settle everything by itself. If we consider the picture on the smaller time frames for a more detailed assessment of the market strength. Dear colleagues, on the 4H time frame, we see how the price was artificially held by professional operators. Pay attention to the first two processes (marked with a circle), we have a great volume, a great result in relation to each other, but the progress does not suit us, okay, we can ignore the progress. We go further and on the 3rd process there is a sign of local force on increased volumes, everything suits us perfectly. And the fourth, extreme situation (blue rectangle) highlighted bars and volumes, the question is why we observe an abnormal volume on the narrowing spread? My assessment of this situation is "WEAKNESS" but on the news background we can observe a false breakout of the highs and further depreciation of the instrument. Thank you all for your attention, I wish you success, and remember: Sometimes you win/sometimes you learn.
by WVitalievich
2
"Cuban" Missile Crisis 2022The Ukraine crisis and threats with nuclear war, I see as we are getting closer to the bottom. There are many similarities with Cuban missile crisis in October 1962, month when market bottomed out. To start accelerated run for BTC from that 20k accumulative range , funding rate should be way more high in negative(more shorts opened then longs), so V shape down to 16k-GOLDEN POCKET, is the way I see to become bullish again. Dump to 16-17k range and third touch of bullish divergence on RSI
OANDA:BTCUSDLong
by deepUP
BTC and the key level of 25,200. How to make money?Hello, everyone! Today we’re going to break down two things: the probable key level for BTC this year, 25,200, and what you can expect from the market in general if you have a medium or long term strategy. A short story to begin The 25,200 level was formed in early August 2022, when everyone stopped talking about the bankruptcies of 3AC, Celsius and several other companies. You could consider the 25,200 level a fair price for a neutral market in the current world economic realities. Then we had a fall due to the aggravation of relations between China and Taiwan, a small increase due to the Ethereum Merge in September and the FTX/Alameda crisis, panic sellings and general apathy. From this moment the set of positions began. It lasted almost 2 months until January 9, 2023. Then a local bullish run to 25,200 began, with one stop at 20,000-21,000. And now we hit the 25,200 level again and no one knows what will happen next THE MAIN PART 1. All of the collapses and bankruptcies of 2022 were a surprise to all players. Each new crash was a great surprise and forced all participants to actively rebalance their positions. The example is Jump Trading and its fiat balance that was ~50% at the time of the FTX crash, even though the normal fiat rate since the Terra/Luna crash was ~30%. In other words, even the biggest players were influenced by the market and depended on the situation. 2. There is every reason to believe that it was the big players who were the main contributors to the November-January position set. After the FTX collapse, the market reached the peak of fear, the only thing that could push the market down even more at that moment was Binance/Coinbase fall, or crypto ban in the USA. Considering how quickly Binance worked and how actively Coinbase was in the process of personnel reorganization, the probability of their fall was extremely low. Also, all regulators mostly blamed SBF and executive team FTX/Alameda; there were no ideas to ban crypto in the rhetoric of regulators. Spoiler: it was introduced later and partially in the form of a stacking ban for US users so the companies would not be cheeky and would think about what they were doing. In general, the risks and probability of a bigger crisis were very low and the big teams understood it very well, that is why they started to set positions. 3. Logically, it will be clear that the level of 25,200 is most likely the most favorable level for the large participants – the beneficiaries of the fall. The price near the level of 25,200 allows you to easily sell those positions that were not sold after the collapse of 3AC/Celsius and the fall of FTX. Which in turn will take some time. After that it is only left to figure out what to do with the bad positions from the time of the Terra/Luna fall, to correct the balance of assets and build a smooth strategy for the future. OUR BETS The 25,200 level is completely artificial and created to sell over margin longs from 16,000 - 17,000 and sell problematic positions from the 3AC/FTX times. After selling positions at the current level, the market will go down to 20,000 - 21,700. After that, within 3-4 months, we will get to 30,000 - 32,000. We should expect some interesting price movements, namely long/short squeezes. The big players have learned to work with the risk of bankruptcy and the risk of regulators' influence: Genesis and the SEC bans are the best examples of that. Besides, there are very few of these risks left and a skilled team of analysts will be able to keep track of them and come up with strategies to work on them. Asian liquidity will be a growth driver. Share with us your forecasts on BTC and tell us what topics you want to be analyzed by our team , and we will write about it. Don't forget to check our links below and check our trading pairs. Thanks for reading!
by Samura0x
41