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Bitcoin Re-Distribution in Progress what Next..?Hey folks, Everyone is posting their view through an idea then I thought I should also post my idea( bias) for you guys. Lol, sorry! that's not the truth. Let's read... Sharing my perspective on the recent rally like what things am personally looking and considering right now to reach a final conclusion in trading. After the huge dump or we can call it correction not sure about these phrases, the market created supply on the upside in HTF as well as LTF. After forming a bottom at near 33k, the price showed some strength. Some up-downs and currently at the time writing this price is in the weekly supply as well as in the multi-timeframe supply zones. So what am saying is, we are not sure if this rally is to just fill some supply sitting on the upside or price is going in discovery mode again while continuing its bull run. The fact is am not mentioning any ultra hyped view for both sides in this idea because we are focusing more on the current situation like where we are at currently and what gonna be next for the upcoming days. what you can do is, instead of believing in any biased target, watch yourself and trade accordingly. Sharing the two high probable scenarios of the current market while considering many factors about the market. Yeah! I guess that's enough, haha. Like and share with your mates. Love From #CryptoPatel
BITSTAMP:BTCUSDLong
by CryptoPatel
12
Bitcoin | Rising Wedge Formation & EMA100 Resistance..!! #BTC (update) Rising Wedge Formation in 4h timeframe Chart. Bitcoin Bulls have been Struggling to Regain the EMA100 Resistance (38,7k) Volume has been Continuously Decreasing from last 12 Days. If Wedge Broken Downside, Bitcoin Might Retest the 35,600 Support Area. In Bullish Case, If 4h Candle Closed Above the 39k, Expecting Bullish Wave towards the $44,000 📈 Bulls Need Strength to Clear the 39k Resistance Area..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
12
40ozgood afternoon, btc is currently in a pretty tight squeeze the order books are packed out with large buy \ sell orders in this local range. one side is going to lose, and a big move is going to take place. my bias is a move up to 40~40.5k might stay in this squeeze until tonight before it pops. ---- it could very well break down as well, so a tight stop is in place near the bottom of yesterdays daily low. ps. if you have followed along for awhile, you'll know what the hammers on my chart indicate. 🔨🔨🔨🔨
by notoriousbids
5
Bitcoin (BTC) • Macdonals Applications are OpenWe just hit another major support level. Those doing "buy the dip" kind of strategies this seems great opportunity to add to the stack for the long term. I'm certainly buying here. Can we go lower? absolutely. The break of the 40k came faster than expected and open the door for other lower technical levels as we continuously don't see strong fear or bearish sentiment in the market. Volumes on the Weekly and Monthly charts remain unimpressive they don't scream "the bottom" but one important note is that the books on the sell side are extremely thin and this could equally shoot up and leaving everyone behind. Futures are starting showing signs of bullishness but not fully there yet wee need more consolidation and keep sweeing swaps trading bellow spot more aggressively to affect funding rates favourably to longs. We also still missing bullish divergences in most timeframes as well as breaking some structural trendlines on top of price or even the RSI. A reminder that my views are just hypothesis and they are obviously subjective so take everything I say with grain of salt. If you interested in getting access to same scripts I use myself use the link down bellow in the signature for exclusivity and paid access OR alternatively check my published script library where you will find plenty of free scripts.
COINBASE:BTCUSD
by D7R
9
We call this Max Pain First we pump to damn near previous ATH. Retail who is currently panic selling and shitting their pants are in disbelief, they FOMO in and provide us with exit liquidity. We proceed to print a nasty head and shoulders on the weekly and then its goblin town. The past, the present and the future occur simultaneously. Everything that is always has been and always will be. As always, my memories are from the future. We'll talk again when time catches up.
BITMEX:XBTLong
by blockchaingod
6
Bitcoin | Finally, Bulls Showing Some Strength..!! #BTC (update) Bitcoin Bears have been in Complete Control but Yesterday Bulls have Showed Some Strength.. 9th TD Buy candle Spotted in 1D timeframe.. Expecting a Relief Rally towards the 40k S/R Level..!! Weekly Candle Closed Above the EMA100 (35.5k) & inside the Channel 📈 FYI, Bitcoin had lost the Weekly EMA100 just 3 times in Past 9 Years.. DEC 2014 : -59% in 5 Weeks NOV 2018 : -46% in 4 Weeks MAR 2020 :-45% in 2 weeks Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
2
BTCUSD: 50W MA Says Bear Market May Be UnderwayHey All! The market seems to be stuck in a weird spot! Using past data and history, i found a shocking similarity between now and the end of the other 2 bull runs. Put simply: Price tops. Price drops down to 50W MA. Price bounces off 50W MA. Price falls back down to 50W MA. Price breaks 50W MA and tests it as resistance. Bear market begins. The ONLY difference now, is after BTC bounced off the 50W MA the first time, it made a slightly higher high than in the past two bull runs. Besides that, using this logic, BTC is currently in a bear market. Using major support levels, 38k MUST HOLD or theres much higher chance it is bear market (Using TA). As always, this is not financial advice, just simply sharing my opinion for entertainment! Please comment and like! Thank you!
BITSTAMP:BTCUSD
by traderview2
2
Bitcoin's historical trend is comparedThe xbt is a bitcoin futures contract launched by the bitmex, and I chose him as the analysis target because his data was adopted by the cme. In this market with hundreds of exchanges, the price of the bitcoin is defined differently, and we have to find a relatively stable reference, so I chose the xbt as the analysis target. xbt biggest problem is his short timethere is limited history we can refer to. But in the past four years, lithium, bitcoin trend, can still find some valuable reference. Compared to the current position, we see that this is a big level decline, and in history, there are three same trends, from June-December 2018, June-December 2019, April-July 2021, and now, from November 2021 to now. Among the four trends, the first three times are six months, six months and three months respectively, which is very conspicuous. If the first two times are defined as a major level adjustment, then April last year is the secondary level adjustment.And now is it three months old, or six months old? In theory, after falling below ma144, the market should rebound and confirm, then decide direction.Now look, the first two have appeared a significant rebound, however, once again down the trend.But the third time did not appear, and this time, there was a rebound in ma144 in December. If we believe in the rules, then the situation looks more like the one of the previous two than the one of April last April. The first two final adjustments were 12 months and 9 months respectively, meaning that they took the abc triple-wave structure respectively, and the final adjustment goal was to step back to confirm the ma144-week line support.So now it may be at the end of the first wave of decline, but even into the bottom stage, it doesn't mean that buy now can profit, maybe there will be a bigger drop here, may shock for a period of time.So the best strategy to avoid risk is to wait for the right signal to buy, rather than predict price lows, and wait for a rise after buying. Tip, the above analysis, only with the chart as a reference, does not involve the fundamentals.
BITMEX:XBT
by peter-l
Two Scenario Based on the current economic situation, plus the movements in the equities there are possibly two scenarios here. We know that Bitcoin has followed equities market for a few years now. If you want evidence of this, just compare Nasdaq or Dow over Bitcoin and you will see Bitcoin followed most of the moderate to big moves of equities. Based on the MACD for the 1-Month, if we cross into a bearish territory, we can see bitcoin fall below $25,000 or further. There might be the possibility of a head and shoulders forming as well. Scenario 1: - As we suspect a bear market due to interest rates, tapering, and shrinking balance sheet.. bitcoin will most likely follow equities in a steep sell off. Scenario 2: - In this scenario, we can see a selling with equities but if people somehow believe Bitcoin is a safe-haven than we can see money move from equities into crypto. This is not likely as most investors aren't very keen on the stability of bitcoin. March 2020 probably shocked most investors with Bitcoin losing 58%. Truth is, the rally in Bitcoin comes as the same time as the rally in equities, so it begs the question, was it investors piling into a "safe-haven" or just the Fed? I would go with the latter. Between the two scenarios, the 1st seems the most probable.
COINBASE:BTCUSDShort
by WorldEconomics
5
"the bear case"hello there, thought i'd share the bear case - just in case there was any bears out there hoping for lower prices (lol) i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me. --- firstly, we must break above 43806.53 to invalidate the bear case. if we don't break above this region, you can anticipate more trickery in the days ahead. this particular case takes into consideration the potential of a fifth wave which has yet to play out it would basically be an expanded fifth wave, and has a lot less probability of taking place than the current bull case. downside target for the fifth wave would be closer to 36k, and it could take another month+ to play out \\ what you see drawn on my chart is just a road map of algo targets - time is not accounted into this particular case. ps. i'm long from the bottom of the range, and short from the top of the range - stops at either invalidation point. whichever way it goes, i win regardless. ✌
by notoriousbids
9
Bitcoin | Descending Channel Formation..!! #BTC (Update) From Last 3-months, Bitcoin Has been Consolidating in descending Channel (Correction Phase) RSI has Also been Moving below the Descending Trendline.. At the Moment, Bitcoin Bears Looking Strong & Retesting the 41k Crucial Support. If Daily Candle Closed Below the Support, Bitcoin Might test the 38k Support Area (Another Lower low) In Bullish Case, If Bitcoin Remains Above the Support, Bitcoin Might Bounce Back towards the 44k Resistance Area.. Overall, I'm Still Bullish on #Bitcoin & Still Expecting New ATH in Coming Days So Buy Every Dip, You'll Thank me Later.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITSTAMP:BTCUSDLong
by Faibik
2
Bitcoin H&S Pattern Target still $52000 And I AM in Long with SL#Bitcoin Exclusive H&S Update:- - $BTC currently trading at $42000 Level - I am still bullish above $40000 - Because H&S Pattern Neck Line support is $40000 - After Breakout $51000 Resistance now Retest level broke down $45000 - If BITCOIN breaks $45000 resistance then Again entered in the Bull zone. - As per the chart Left Shoulder Has been completed and now Waiting to fill the Right Shoulder. - If This Pattern works then the Right Shoulder Target will be $51000-$52000 - Break Below $40000 level, I will bearish Toward $30k level. - Let’s see what happened first +30% or -27% - Still Bullish engulfing Candle in the 3D chart. - Bullish Engulfing Pattern Stop Loss is $39650 - Super Trend also Sell signal but As per the last Fractal when Right Shoulder Formed that time also Super-trend was bearish. - Now if the same Happens then $51000-$52000 target within 36 days. - If Stop Loss hit means Opposite Signal Activated. Support:- $40000/$29000 Resistance:- $51132/$64300
Long
by CryptoPatel
7