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Bitcoin Might be Bullish, but Prepare for Worst!BTCUSD down about -8% from today opening, dragging down whole altcoin markets. Bitcoin opens today in weaker structure than I thought. Shape obviously looking like H&S and 42800 neckline may not hold much... Bitcoin always drag altcoins more % down than itself. Dominance chart confirms the idea. So be careful, especially if you took alts during recent period of 2 months. Today bitcoin may stay near 44-ish zone, also expected some false shakeouts up and downs. So be patient before taking any risk on current, I should say, choppy environment. US market opening soon, might open below prior closing, which drag down SP and stocks down by a few %. So wait for your opportunity and now it is better to hedge your investments with stable assets. Best regards Artem Shevelev
INDEX:BTCUSD
by ArShevelev
7
The Bitcoin outlook for the next 4-5 yearsLet's start with the fact I started making forecasts on TradingView a long time ago. Quite quickly (in a year and a half), I became the TOP-1 in the TradingView authors' ranking. This rating was removed in yearly 2021. They promised to do something more interesting. We've been waiting for a half year. The details are in this article: www.tradingview.com This chart that you are looking at, I hope it will be the most legendary chart I have ever made. You've seen a lot of logarithmic charts like this one: It is something different. This is the Bitcoin outlook for the next 4-5 years. For now, I remain number one on this platform, with the most reputations and subscribers. I'm here for the long haul and will continue to do top-quality analytics. So please subscribe. I'm the kind of person who remembers the built-in Bitcoin donations on the TradingView platform. The fundamental reasons for growth: - Limited issuance (some of which is lost); - Taking a large portion of Bitcoin out of circulation (huge demand - no supply = growth); - Acceptance of Bitcoin at the state levels; - Accumulation of a large portion of Bitcoins in the large fund's hands (Bitcoin is a very interesting asset for them); - Continuous dollar issuance (a variant of the fact that it's not bitcoin that's growing, but the dollar that's depreciating); Feel free to write other factors of the crypto market growth in the comments section. I can't write my thoughts in this post about the creator of Bitcoin, its purposes. TradingView has moderation, and this information won't pass it:) In the plans of changing the current financial system of the world: the Bitcoin price raising to the goals, I have shown in this chart. Best regards EXCAVO
BNC:BLXLong
by EXCAVO
69
Breakout in ETHXBT, Expected Rally to 0.08Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETHXBT) appears to be in an descending triangle setup where support held around the 0.07085 price level. The downward trend line acts as the hypotenuse of the triangle, illustrated in red on the chart. The cryptocross broke out from the downward trend line and is moving higher. Expectations are for ETHXBT to rally towards 0.08. A negation of the setup would be if ETHXBT declines towards 0.0716. Technical Indicators There has been a positive crossover on the Awesome Oscillator (AO) recently. This was complemented by a positive crossover on the KST. XBT is trading above a long term MA (495-SMA). A strategy around this MA in the 15-Min timeframe has a profit factor of 2.54. Recommendation The recommendation will be to go long at market, with a stop loss at 0.0716 and a target of 0.08. This produces a risk/reward ratio of 1.33. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to ETHXBT.
Long
by Ceddy86
#Bitcoin - $BTC/USD: Updated Supports & Resistances + Fib Ext 🎯Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. :ch. 1 Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services, but the real-world value of the coins is extremely volatile. Research produced by the University of Cambridge estimated that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining, price volatility, and thefts from exchanges. Some economists and commentators have characterized it as a speculative bubble at various times. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin. The word bitcoin was defined in a white paper published on 31 October 2008. It is a compound of the words bit and coin. No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account. The Wall Street Journal, The Chronicle of Higher Education, and the Oxford English Dictionary advocate the use of lowercase bitcoin in all cases.
GEMINI:BTCUSDLong
by Bullishcharts
2
Bitcoin Testing $50000 and Sideways planBitcoin approaching target of previous updates, now chasing 50K target. From daily charts expectations was shared here and we can expect small move upside. From mid-term perspective I will expect price to calm down, probably we will see 44300 or pretty close to it. So there will be another opportunity to increase exposure on crypto market. Hopefully price will make it and break previous high at 53K, which will allow us to dream about approach the ATH again. We will see, btc is slow since summer, but usually things getting faster closely to the year end. See you in the next updates, Stay tuned Artem Shevelev PS: Do your own research and always trade with affordable risk.
INDEX:BTCUSD
by ArShevelev
2
Bitcoin | Getting Ready for Another Bullish Wave..!! #BTC (Update) In daily timeframe, Bitcoin has been Moving inside the Broadening Wedge Pattern. Bulls lost the 200-days Moving Average but held the Key Fibonacci 61.8% (43.8k) Support. RSI is Still Moving Above the Trendline Support.. Expecting Bounce Back towards the 54k 👀 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..!!
COINBASE:BTCUSDLong
by Faibik
1
Bitoin | Bulls Defending the Crucial Level..!! #BTC (update) In 1H (Hourly) timeframe, Bitcoin is Moving in Descending Channel 📉 RSI is Printing Massive Bullish Divergence. If Channel Broken Upside, Expecting Bullish Wave towards the $48000 in Short term ✍️ Weekly Timeframe Chart..!! Worst Weekly Closed since 12 July but Good thing is that Weekly Candle Closed Above the 45k (S/R Level) So far Bitcoin Bears in full Control but If Bitcoin Bulls Defend the 45k S/R, Expecting Bounce Back 📈 In Worst Case, If Weekly Candle Closed Below 45k then Be Ready for 38k 📉 3-days timeframe Chart..!! In Higher timeframe, Bitcoin lost the 45.8k Crucial Support but Bulls Still Defending the fib 0.618 & 3-days EMA21 (44.8k) If Bitcoin Remains Above the 44.8k & Regain the 45.8k S/R level, Bitcoin Will Resume it's Bullish Trend.. Daily timeframe Chart..!! In daily timeframe, Bitcoin is Moving inside the Broadening Wedge.. If bitcoin Remains Above the 44.6k Support, expecting Bullish Wave towards the 54k.. Bitcoin has Closed Daily Candle Below the 200-days Moving Average but Bitcoin Bulls Fighting hard to regain the Daily MA200 (45.9K) Bulls Getting ready to Reclaim the MA200 & I think this Will be a fakeout like the last two dips below. Bitcoin has been Moving Above the fib 61.8% Retracement, Bouncing Back 🏄‍♂️ RSI is Still Moving Above the Trendline Support. 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..!!
BITFINEX:BTCUSDLong
by Faibik
2
ETHXBT Bearish Flag Setup, Decline Towards 0.074Trend Analysis The main view of this trade idea is on the 15-Min Chart. The Crypto Cross (ETHXBT) hit some resistance around the 0.079 price level and declined below its long term MA. Currently it is in a bearish flag setup, a continuation pattern of the declines if pattern is completed. Expectations are for ETHXBT to decline towards 0.074. A break above 0.077 will negate this bearish view. Technical Indicators Currently ETHXBT is below is short (50-SMA) and long (280-SMA) moving averages which is a bearish sign for trend. Also the Awesome Oscillator is negative and trending lower. These indicators support the bearish view for ETHXBT. Recommendation The recommendation will be to go short at market. Stop loss will be set around the 0.077 price level with a target of 0.074. This produces a risk reward ratio of 1.68. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Short
by Ceddy86
Bitcoin | Retesting the 45k Key S/R Level.. #BTC (Update) In Weekly timeframe, Bitcoin is Retesting the 45k Key S/R Level & Fibonacci 61.8% (51k) Acting As Key Resistance. If Weekly Candle Closed Above the 51k, Expecting Bullish Wave towards the 60k.. If Weekly candle Closed Below the 45k, Be Ready for 39k Support Area.📉 In Short, #Bitcoin Will be Bullish Above the 51k & Bearish Below 45k. 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:BTCUSD
by Faibik
3
Bitcoin Making it's way up $52K. Expected lows and highs.Bitcoin rally continues and now approaching $54K resistance zone. Over last week price made +13% profit move, which is awesome for crypto, most of alts did major move up simultaneously. Keep in mind possible start of correction down to $47-42K in mid-late September. But before that, personally, I am expecting reaching $54-60K as main target for taking profits. In 60K we have a strong resistance which will hard to break IMHO. Thanks for reading, Have a nice profits Artem Shevelev If you missed previous update:
INDEX:BTCUSD
by ArShevelev
6
Bitcoin | Rising Wedge Formation..!! $BTC (Update) In 8h timeframe Chart, Bitcoin is Forming Rising Wedge Pattern.. Volume has been decreasing the past few days while the price has been increasing which is typically Bearish. So far Bitcoin is Moving inside the Wedge, Expecting Another Higher High towards the 55k 📈 If Wedge Broken Downside, Bitcoin Might Retest the 44k Support 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..!!
COINBASE:BTCUSD
by Faibik
5
Expected Rally in ETHXBT Towards 0.0795Trend Analysis The main view of this trade idea is on the 15-Min Chart. The crypto cross Ethereum/Bitcoin (ETHXBT) has been in a symmetrical triangle setup over the last couple of days, with the security recently breaking above the resistance line. This break higher is expected to continue with ETHXBT rallying towards 0.0795. This target was derived from taking the length between the top of the resistance line and the bottom of the support trend line. Technical Indicators This bullish sentiment is supported by the fact that ETHXBT is currently trading above its short (50-SMA) and long (200-SMA) moving averages. Also the Awesome Oscillator (AO) is positive and bullish. A close below the 200-SMA would as well as the AO trading below 0 will negate the bullishness of this note. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 0.074 price level with a target of 0.0795. This produces a risk reward ratio of 1.52. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Long
by Ceddy86
Bitcoin (BTC) • Respect the trendThe books show significant cluster of orders between 50 and 52k. Right after up to 60k not much (for the moment). Which implies that a move very fast towards 60k could happen if we break 52k. Swaps trading consistently above spot BUT similarly like in the previous bull run from 10k. We have Binance and OKEX perpetual swaps trading bellow. This implies that there is good chance we can mark up from here. Despite this being natural range to be bearish. I would expect a major correction possible toward 44-42k but perhaps that will happen after we retest 60k. Unless we see a swing failure after 62k due to absence of strong liquidity above that range. I talk about this in the video. Ultimately we should respect the trend. At the moment Daily, Weekly and Monthly are looking good. Check the video for my detailed thoughts
COINBASE:BTCUSDLong
by D7R
24