🅱️ XBT Short-Term 1H | 2-Jan. | New Drawings, New Target $17.5kThe main target for this wave, short-term, is now set at $17,580.
So far we are seeing slow steady growth within an ascending channel.
By, or after,12-January 2023 things should really speed up... Get ready because it will be a lot of fun.
Make sure to check the Act Now! Strategy in the 'Related Ideas' below.
Namaste.
Xbt
🅱️ XBT Short-Term 1H | 2-Jan. Bitcoin (XBT) is moving ahead building momentum... The breakout is going towards the bulls.
As usual, this is our short-term timeframe (1H).
In this timeframe XBT has gone above MA200 and EMA300, our longest moving averages.
This translates into a strong bullish signal.
The RSI is really strong now at 67.
With these signals in place, we can expect higher prices.
Next target is set at $16,840 after the 0.382 Fib. extension gets conquered.
Then we have $16,930 followed by $17,059/$17,221.
Strong support is set at $16,650.
If you want to see additional targets, visit yesterdays trade idea on the 4H timeframe where we look at the resistance levels until $20,000+
🅱️ (₿) Bitcoin 2023 | Multiple Higher Lows Since 2022 | $20,960 Target
Happy new year and thanks a lot for your continued support.
Namaste.
🅱️ XBT Short-Term 1H | 29-Dec. | Happy 2023This is our short-term analysis updated...
Targets are as follows:
1) $16,750
2) $17,055
3) $17,220 (higher high)
4) $17,690 (final target for this chart setup)
The short-term charts are always changing... Fast.
Invalidation happens short-term below the blue-line or a stronger stop below the 19-Dec. low.
Any questions just leave a comment.
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I shared a longer analysis in the 'Related Ideas' below.
I am hoping that you enjoy the content.
Your support is truly appreciated.
You are appreciated.
I hope you enjoyed the year 2022.
I wish you the best in 2023 and beyond.
I will be with you in 2023.
We will be with you in 2023 and beyond.
We connect through these words.
We are blessed to have you.
It is my pleasure to know that you are reading.
I am so blessed to be here with you in this way...
Remember, it doesn't matter how upside down the world turns...
Whatever happens outside is a reflection of the inside.
These are just moments for experience, for life, for growth...
You can accept your mistakes, own them because they make you grow.
And it doesn't matter whatever happens... You are a divine being... An eternal living being...
You deserve the best now & always, forever...
More and more.
Namaste.
🅱️ XBT Short-Term 1H | 23-Dec.Consolidation continues to takes place.
The chart remains the same so we will have a look at something different today.
First the shakeouts.
- We had one 19-Dec and another one yesterday, 22-Dec.
- The second one smaller than the first and also a higher low.
Now an interest data point.
BitFinex price for bitcoin is higher than all other exchanges, I am seeing around 20-30$ usd higher.
This isn't a considerable amount but surely a signal.
BitFinex is one of the owners of crypto/Bitcoin, if they are bullish we have to take note.
Their price being higher might signal what's to come.
I don't know the exact reason why this is happening but we will take it as a bullish signal.
If anybody knows the reason please enlighten us in the comments.
1H short-term, XBT trading above EMA50, EMA21 and EMA10.
The RSI bullish.
The longer this consolidation goes on above these levels and the bullish bias becomes stronger.
In the higher timeframes we went with Bitcoin sideways but preparing for a rally in the weeks ahead.
January - March 2023 we expect a bullish rally, now we wait and see it if happens.
Namaste.
🅱️ XBT Short-Term 1H | 20-Dec. We just had a shakeout yesterday which can be taken as a bullish signal.
A breakdown of support is obviously bad but seeing prices quickly recover after a drop is a sign of bullish strength.
Bitcoin (XBT) remains within the same range as the 16-Dec. drop.
Our main support levels will remain $16,580 and $16,100.
We remain bullish above these levels short-term.
Going below these levels and the bears can gain momentum.
Patience is key.
We will start looking at the Altcoins and see if some went ahead.
Since the Altcoins are smaller than Bitcoin, they can give us signals by bouncing stronger/faster than bitcoin.
Thanks again for reading and feel free to boost 🚀 if you enjoy the short-term updates and would like to see more.
Namaste.
BTCUSD Weekly Volatility Analysis 19-23 Dec 2022 BTCUSD Weekly Volatility Analysis 19-23 Dec 2022
We can see that currently the implied volatility for this week is around 8.26%, DOWN from 8.48% from last week
With this in mind, currently from ATR point of view we are located in the 56th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 4.81% movement
Bearish: 7.18% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 18.9% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18163
BOT: 15324
Taking into consideration the previous weekly high/low, currently for this candle there is :
25% probability we are going to touch previous high 18383
40% probability we are going to touch previous low 16550
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates -80% BEARISH trend from the moving averages index
Daily timeframe indicates -80% BEARISH trend from the moving averages index
4H timeframe indicates -67% BEARISH trend from the moving averages index
🅱️ XBT Short-Term 1H | 17-Dec.Bitcoin (XBT) is trading within a descending channel.
- Chart signals are bearish.
- Trend bearish.
There is a bullish divergence with the RSI.
Potential for a reversal in the current zone possible.
Main support $16,500.
Above this level bitcoin can break out of the descending channel and move up (green arrow).
Below $16,500 this analysis is invalidated.
----
4H timeframe
Namaste.
🅱️ XBT Short-Term 1H | 12-Dec.Bitcoin (XBT) continues trading within a range.
All the technicals are the same as before, bullish.
We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.
The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.
Better to wait after they make their move to see how the market responds.
Any bullish signals/bias can be quickly/easily negated as soon as they release their numbers and publish their decisions, that's how it normally goes.
If the market does crash, we expect a fast recovery right afterwards.
XBT's short-term support and resistance levels are clearly mapped on the chart.
Namaste.
BTC HELLO GUYS THIS MY IDEA 💡ABOUT XBT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
BTC/USD Weekly Volatility Analysis 12-16 Dec 2022 BTC/USD Weekly Volatility Analysis 12-16 Dec 2022
We can see that currently the implied volatility for this week is around 8.48%, up from 7.77% last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 56th percentile, while according to DVOL, we are on 12th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 4.82% movement
Bearish: 7.4% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 17.1% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18450
BOT: 15790
Taking into consideration the previous weekly high/low, currently for this candle there is :
30% probability we are going to touch previous 17450
46% probability we are going to touch previous 16730
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 80% BEARISH trend from the moving averages index
Daily timeframe indicates 33% BEARISH trend from the moving averages index
4H timeframe indicates 40% BEARISH trend from the moving averages index
XBT Short-Term 1H | 8-Dec.The opportunity to rebuy on the drop is almost over.
Bitcoin (XBT) is getting ready to move ahead.
Full moon blessings.
After a resistance level is hit, it is normal to see a correction.
After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov.
The bullish bias remains intact.
Additional support is also found at 0.618 Fib. retracement ($16547).
Next target we aim at a higher high.
Namaste.
2023 $49k Bitcoin Forecast - A Replay of the 2019 Echo BubbleMacro larps gonna keep SIMP-ing to daddy Powell, psychoanalyzing every CPI / FOMC reading, salivating every tier10k push notification beep, stalking every ES1! 1 minute candle, annotating 7800 seconds of The Big Short line-by-line
$13.9k = 61.8% fib retrace of the Dec 2017 high to the Dec 2018 low ($19k -> $3.2k)
$49k = 61.8% fib retrace of the Nov 2021 high to the Nov 2022 low ($69k -> $15k)
my_body_is_ready.png
XBT Short-Term 1H | 5-Dec.Bitcoin (XBT) stays within the same range...
We challenged the upper resistance followed by a quick rejection yet the bulls stay on top.
We continue aiming higher.
Not much to report as the chart structure stays the same vs my latest update.
For questions just leave a comment.
You can visit the "Related Ideas" below for the longer timeframes as well as analyzes for all the Altcoins, big and small.
Namaste.
This setup is a Buy Opportunity for BitcoinHello,
Dear valued traders & investors, this is my own setup and view regarding the next Bitcoin move in the coming months that i will follow.
I am short description analyst & trader, so ill not write much about it because the chart tells itself.
I am preparing to buy SPOT and go Long aswell on Futures as soon as it reach my potential bottom target of this move.
PS: Chart is on weekly timeframe , and you have to understand that this will take months.
Please manage with your trades, invest only if you know what you are doing as i am a Swing & Long Term trader!
If you like the idea, please hit the Like botton.
XBT Short-Term 1H | 1-Dec.Let's continue looking at Bitcoin (XBT) on the short-term.
(For higher timeframes and the Altcoins, see "Related Ideas" at the bottom of this post).
The chart structure changed completely and for the better.
The main support we were using, MA200 and EMA300 have now become secondary.
The bulls are ahead.
EMA50 at $16,885 is the main support to look for on a drop.
EMA21/EMA10 are still holding Bitcoin.
Let's get to the analysis.
We have an ascending channel.
XBT trading above EMA10 and EMA21 signals that the short-term bias still favors the bulls.
The RSI is not as strong as before and resistance was met at $17230, this is the level to watch for.
There is no volume here but looking at other charts, it seems the bulls are not done.
We continue aiming higher...
Namaste.
Bitcoin Technical Analysis Chart#BTC/USDT Technical Analysis:-
$BTC currently trading at $16900
As per chart Bearish Pennant Breakout Upward side so I am expecting up side move toward $$18600-$18800
Actually this is Bearish Pattern but We always focus on Breakout.
Upside Breakout mean We can see Some upward move.
Support:- $15600
Resistance:- $$18600
XBT Short-Term 1H | 29-Nov.We see a breakdown 27-Nov. of the MA200 support.
As expected, the next support level marked blue on the chart was tested with the low set around $16,000.
We see a price bounce and the bullish bias short-term remains intact.
XBT is aiming again at $16,333 where EMA50 and MA200 are now sitting.
The bulls should be able to takeout this level easily and then continue up.
Mid-week, Wednesday/Thursday the bullish move should start to pick up speed.
Normally we get bearish the first half and bullish the second half of the week.
CHANGE
On a drop, the support levels are marked blue on the chart.
Namaste.
Bitcoin | Seems like Ready for Relief Rally..!!#Bitcoin
Bitcoin is forming Falling Wedge in 1D timeframe Chart.
Seems like Bitcoin is Bottomed out & Ready for Relief Rally Towards the 18,500
Remember that Bitcoin is not out of Woods Yet, Bitcoin Bulls Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout.
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..!!