BTC OverlookHere's my simple yet effective outlook on BTC.
We've hit the 3rd touch of the trend line
Obvious current support is around 18.5-18000. a breach below and we will see the fear stage kick in where BTC flushes down to next support
next support is around 14-12k. here for me is the bottom and ill be buying my first whole BTC for a long term hold. although ETH will perform better this decade for sure.
thanks
Cyrpto
As expected, we'll see some very erratic and choppy extreme H/LIt is by no means in everyone's mind that we are at least close to approaching the bottom for Bitcoin almost certainly in the next few weeks, and anyone that's been around a awhile knows how messy and unpredictable price action can be and how frustrating it is to try and successfully trade a true reversal. So I asked myself if I were Bitcoin, what would I do? I'm almost already very sure about this first long, and I let my Fibonacci circles guide my hand from there.
The prices aren't exact, the chart is not lined up with precision. But they're in the ballpark. Of course I don't expect it to exactly follow this route but if I'm being honest, I wouldn't be surprised if it did.
ONE to support them all!!
Out of extreme confidence that the worse has passed over the last 8 weeks (This long of a period is making me feel like Tom Hanks on Cast Away). I think both NEAR and ONE have a trully bullish 2022 ahead of themselves. The possibility to buy these tokens this cheap is nothing short of criminal. Both count with VC's that despite Macro rout are funding the projects at 100mn+$
Very good R/R at these levels and my speculative self is not expecting it to even linger around the Wiggle Wiggle range.
#Long #Bullish #GREATIMESAHEAD
SANDBOX Bearish?!Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
The candles have almost formed a bearish head and shoulder pattern suggesting a bearish rally to 2.65 strong support level.
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
BTC 4 Year Cycle Cadence StrategyJust an idea on the seemingly regular cadence of the BTC 4 year cycle. I am basing my strategy on this. Short BTC into November with regular rebalancing. When BTC hits the 200 week/50 month MA, and the RSI hits 30 on the weekly chart/44.5 on the monthly, switch long on BTC and long altcoins there as well, and just rebalance at support and resistance levels into Oct. 2025.
I've seen arguments that the BTC cycle is lengthening and there is another major run coming with blow off top, but I don't buy it.
1)The RSI has not bottomed out yet. Last two cycles, it bottomed 12 months after the cycle high.
2)There really isn't going to be a sudden super massive flood of new buyers entering the crypto market again so soon after the last one, and that's necessary to create a major run.
3) The BTC halving cycle, which the price cycle is based on, has not lengthened.
4) The price cycle, shown as a consistent cadence, rather than lengthening, matches up with highs and lows of the past few cycles with pretty high precision.
5) BTC has not revisited the 200 week/50 month ma. Last two cycles, did so 12 months after cycle high.
BTC 1D Trade IdeaBINANCE:BTCUSDT Chart analysis. Could be moving within this pennant looking for a siginicficant move either way soon. Will look to play swing trade on the retest of the breakout either long or short. Long could see a move back to 52k at heavy resistance and 0.5 fib level which from there I would then be bearish and short could see us coming back to 28k where we could either see a reversal or a heavy breakdown back to the low 20 thousands possibly 18k.
A double bottom for MC?!!!Out of a range!
Previously we saw it breaking out of a falling wedge!
Accumulating it between $2.7-$2.6 for the following mentioned targets!
ElectroneumThese are levels that I'll be keeping an eye on when dealing with ETNUSDT, and I'll revise as price action progresses.
I adapt to the change in money flow.
I am very thankful to be an early adopter to this specific crypto due to the decline in price along with my holdings coming from mining the coin when Electroneum was allowing that function on their app some years ago.
I believe it has the potential to form a D.B. from the higher perspective before we see a shift in price's momentum. I'll be more bullish after price break out of the diagonal resistance, breach the $0.03 level and to print new HHs & HLs.
Just my thought's and nothing more, nothing less. We shall see..
Bitcoin - A Simple But Effective LookThe chart is in the weekly period and covers all the data; so I plotted on a logarithmic scale to show the magnitude of the movements.
Bitcoin, which lost 50% of its value compared to the highest level it saw, came up to the 100-day exponential average and although there seems to be a negative divergence with RSI, and it has a hard time holding the 35.600 level.
My guess is that fundamental analysis will override technical analysis, according to the decision of the FED meeting to be held on January 25-26. If it happens; when we look at the reflection of the Fibonacci retracement levels from December 11, 2017 to December 10, 2018; The 30,000 level was strong support. It should not be surprising if there is a pullback up to this support.
Investors need to believe in Bitcoin's rise. Considering that small investors are Spot traders so I guess that large investors will not ignore this because losing money will reduce the interest in this product.
For this reason, I think that it is not unreasonable to cost, especially at these levels, which the market looks at.
BTCUSD update This is an Update on BTCUSD: As mentioned for a few weeks now(refer to previous levels) BTCUSD is under pressure. We could how ever potentially see a transition at this level, but that as of now is yet to be seen. Bears still look to be in control, and we could potentially see 30k.
Please note: i do not trade BTC at this time, i do have Long term holdings, But because I am in the US i cant trade crypto on margin yet. This is why i only post levels and not trades on Cryptos