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Bitcoin 3 Reasons to go Down -30%Since 21 July Bitcoin is up +40% and made nice profits for holders. Now price approach important resistance (1) and might take some timeout after 10-in-a-row days of green candles. The growth of 21 July was supported by Bullish Divergence (2) Now this pump is 98% similar to the pump (3) at right chart side. Both chart complete these criterias (reasons for down) 1 - Resistance 2 - Bullish divergence 3 - Pump I will reconsider my bearish sentiment if price will breakout from resistance with solid movement and bullish price patterns thereafter. Stay safe Best regards Artem Shevelev
INDEX:BTCUSDShort
by ArShevelev
24
Bitcoin (BTC) • Return of the Bulls? lets take a look...Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range. However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we didn't see significant volume capitulations at lows. The only thing that was super bullish during past weeks was the consistent negative funding rates but they were not super negative either and we are now observing a quick slight flip in those rates. Higher timeframes are still in flat waters with no clear direction since we are trading inside the price established weekly ranges Be aware that most price action since the drop has characteristics of a trading range and it's likely we see some shakeouts so that alts get pushed down vs bitcoin dominance even further. I cover some of that in the video. As usual the video went long because I also cover futures data points, some new and some old, but on balance all useful information to learn from and keen an eye on. LET ME KNOW if I should do smaller videos but more often and different points (not cover all) here and there instead of one massive weekly video. My regards to all Moon Kings out there 👑🌖
COINBASE:BTCUSD
by D7R
33
Flag Pattern Setup on Bitcoin with a 36K TargetTrend Analysis The main view of this trade idea is on the 15-minute chart. Bitcoin (btc) appears to be in a flag pattern setup in the respective timeframe, as the cryptocurrency recently broke above 34K. Based on this setup, btc is expected to continue to rally towards 36K, 5.2% higher from current price levels at the time of publishing. A close below the flag’s support will signal a failure of the pattern setup. Technical Indicators Btc is currently above its short (25-SMA) and medium (75-SMA) and fractal moving averages during this weekend trade. The RSI is approaching overbought territory, however, assets such as these can remain overbought during several trading sessions. The KST recently had a positive crossover, aiding to the bullish nature of the chart pattern and overall price movements. Recommendation The recommendation will be to go long at market. BTC is expected to rally towards 36K, 5.2% higher from current levels. With a stop loss around 33.5K, which is solidly below the lower trend line of the flag pattern setup, the trade will have a risk-reward ratio of 2.42. 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 btc.
COINBASE:BTCUSDLong
by Ceddy86
NOT SO FAST BULLS! - 07.22 Bitcoin UpdateHey guys, 1 PERCENT here. Please do hit the like and follow button if you found my posts useful :) Thanks in advance. Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market. Bitcoin beautifully followed my previous prediction and saw a bounce. The sentiment in ct and other communities definitely starts to look bullish. As mentioned in the title, we're not out of the woods just yet! We see that Bitcoin is currently retesting $32280 which is an important level for both bulls and bears. We're currently seeing multiple rejections from it and we are at the intersection of the yellow trend line and the famous $32280. If we get to hop over this level and pull out a bullish retest, there is a high chance that we rise to the Jan. Mid range which is a very important level in the midterm price action. I drew the possible scenarios that I'll be willing to trade upon a reclai and retest of important support and resistance levels. Until then, having no position is the best position. Hope this post will be some sort of help for you guys. Stay safe out there and always keep your stop losses if you're trading. Keep your dreams real. 1PERCENT
BITMEX:XBTShort
by RVD_ONEPERCENT
Bitcoin📈After a long consolidation, the first coin hit a new local low, leading to massive liquidations and unrealized losses on the market.📈 Many are already expecting March 2020; many flip to USD, but not 🐳 As you can see from the first Glassnode chart, capital does not surrender but builds up muscles. The number of coins in whale wallets approached 75% of the circulating bitcoin on the market. Downtrend does not scare them but only opens an opportunity to buy more coins. We also see a massive outflow of coins from exchanges, already exceeding 2k BTC per day, which says only one thing: Bullrun on the cryptocurrency market is only a matter of time. Best regards EXCAVO
by EXCAVO
57
If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months. let's review a few posts to have a much better idea of what I am talking about. XBT April 26th, 2021: One Swallow Does Not Make a Summer (or Spring) NASDAQ:TSLA June 24, 2021 Honeymoon is finished..!!! NYSE:NIO July 1st, 2021 Check and Mate..! NYSE:AMC June 9th, Apes blood bath I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..! However, I wrote one answer to most of them: "Kneel". I am happy they pay for it, they deserve it..! The good news is the worst has yet to come..! What goes around comes around...
BITMEX:XBT
by Moshkelgosha
10
BTC | XBT | LONG | Areas of InterestWith the large accumulation over the last two months, most of the buy-side imbalance levels have been broken on #BTC. While this is a great opportunity to BUY BTC traders/investors must be careful of the huge risk taking a buy-side trade at this point. If we break $31,000 on the daily we will be heading lower towards 28-26000 $ for #BTC On the other hand we have one last buy-side imbalance area of support for buyers, which could drive price back towards $37,000 Look to see a few Sell-side imbalance areas broken if you want to be risk adverse on the long setup. Don't forget to follow me on Tradingview 🤴🏾 Happy Trading Mr Ionic
Long
by Little_Big_Movement
"the cross roads"bitcoin is at a crossroad right now, as it has been trying to confirm this impulse for these last couple of days to no success. bulls are defending this local gz with their all, but time is running out as momentum could seize at any moment. tonight will be attempt number 3. if we can confirm this move to 33k, then we're buying the dip at 31,900 with conviction for the continued move to upside of about 39k. bullish invalidation: 31026.0 ------------ if we do break down below the area of invalidation, view the short term bearish scenario for the long downside targets via:
by notoriousbids
5
be ready in either direction.we don't gamble around here, and entertain both sides equally. only get into setups which are clean, and safe. btc is currently in a very strong squeeze on the daily, and is about to fire off hard one of these days. so long as we don't take out the low from friday, we're game for a move to the upside (to about 39k) if we do take out the low from Friday, we're buying between 23~25k with conviction. -------------------------- if we break up and out of here, view the bull case via:
BYBIT:BTCUSD.P
by notoriousbids
Bitcoin Elliott Wave Analysis Update.I talked about this exact scenario last night, you can see the posts below. We're looking okay for continued upside (for now). We aren't out of the woods just yet, and there are a lot of key levels we have to break through so do expect the possibility for btc to break structure somewhere along the way. Mentioned last night that these moves will be far more volatile than regular moves, since this is still indeed a part of the Wave 4 correction. If you get into a nice setup along the way, just a set a stop loss & let it ride ~ Wave 4's take awhile to play out, especially Wave B's. I am projecting a move to that 38~39k range. Currently in no position, just waiting for a little more conviction on this initial move up before I jump into a safe trade setup. If structure breaks, lower green areas are the next targets I will be willing to take a long in. Wave B target = $39k Wave C target = 23k. Good luck!
Long
by notoriousbids
2