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XBTUSD

How to identify Bitcoin Tops and Bottoms!Using Fibs as a metric I am able to identify pivot points in an unorthodox method. This can be used on any time frame but it is more consistent on higher time frames. First identify the local high and low on a structure (usually a slope shape or consolidation which is a string of slopes) Take the Fib Retracement tool and attach the 1 to the local top then attach the .500 fib to the local bottom. This will generally direct you to the .236 target. Once price reaches there you can wait for candle close confirmations to enter a position. Doing this reversed can predict price for bears and bulls once a price structure has been identified. You can do this on any time frame the perks of this method is to catch better price targets for whichever direction you think price will go. To clarify this is an unorthodox method but regardless we can see how a mathematical structure is heavily incorporated into price somuchso that even an unorthodox method can predict specific price pivots. The next targets or zone of targets all lead towards 24-25k area. I expect much volatility running between 25-35k area.
COINBASE:BTCUSD
by UnknownUnicorn38866977
174
Bitcoin (BTC) - June 19--------------------------------- Bitcoin (BTC) - June 19 hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) www.tradingview.com There is a possibility of a consolidation based on the 21481.1 point. This consolidation is expected to occur between 19424.9 and the uptrend line. There was a movement out of the sideways section. Therefore, a failure to move above 19424.9 is expected to lead to further declines. The next volatility period is around July 16th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. It fell from the downtrend line and fell below 19424.9. Based on the 18866.2 point, it is expected to show the movement as shown in the figure. If it rises above 19424.9 and breaks out of the downtrend line, I would expect a move towards the 21170.2 area. ------------------------------------- When BTC price plummets or soars, BTC dominance mostly rises. I think this is a phenomenon that occurs as funds are concentrated towards BTC. Therefore, the coin market is led by BTC to determine the trend. However, looking at the current movement, BTC Dominance (BTC.D) is falling. I think this means that the decline of BTC is not leading the market. In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended. When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge. This surge is likely to move in the short term and requires careful trading. As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend. If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend. So, we need to see if the USDT dominance can turn into a downtrend. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
Bitcoin (BTC) - June 18hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 27033.35-29812.52 Support: around 21475.02 The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend. Looking at the current location, the section 15916.68-27033.35 is the sidewalk section and the point 21475.02 is the middle point of the sidewalk section. Therefore, the sidewalk section is divided into the lower sidewalk section (15916.68-21475.02) and the upper sidewalk section (21475.02-27033.35). Therefore, it is important to find support near 21475.02. If support is not found near 21475.02, it is likely to decline to the 13137.51-15916.68 section. I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line. (1D chart) It is necessary to check whether it can be supported in the section 19695.87-22487.41. The next volatility period is around July 13th. ------------------------------------------------------------ --------------- (12M Heikin Ashi chart: ) If the price falls below 27K and closes, it will turn into a downtrend in the long term. (12M chart: ) Therefore, it must rise to the 27033.35-29812.52 section to continue the upward trend from a long-term perspective. Therefore, I believe that the only trades that can be made at the present location are short-term trades. Buying for the upcoming bull market will require you to take a significant risk. Profiting from short-term trading also carries significant risks. This is because if you miss the right time to sell, your losses may increase. So, in this downtrend, it is necessary to conduct short-term transactions for the coins (tokens) you currently have and increase the number of coins (tokens) corresponding to profits. It is a method to increase the number of coins (tokens) corresponding to profits by purchasing the investment in approximately 10 divisions and when the price rises, by selling the purchase principal (+transaction fee X 2) for each purchase unit price. To do this, you need to have cash in advance. If you do not have cash, you must sell first when the price rises, so if you are not familiar with short-term trading, you may experience double losses. If you sell first, you will feel psychologically anxious, and you will not be able to overcome the fluctuations in the price and you will incur a loss. However, the current location is a good price point. If you don't trade at these price points, you're missing out. You must increase the coins (tokens) you have by trading. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin (BTC) - June 17hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) There is a possibility of a consolidation based on the 21481.1 point. This consolidation is expected to occur between 19424.9 and the uptrend line. Therefore, the key is whether there is movement out of the sideways section. The next volatility period is around July 16th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. We need to see if we can move above 21481.1 as we move along the downtrend line. If not, you should see if you can find support near 19424.9. Point 21481.1 is the midpoint of the section 15908.2-27054.1, which is a sidewalk section. So, there is nothing you can do at your current location. However, it is possible to increase the number of coins corresponding to profits through short-term transactions. ------------------------------------- When BTC price plummets or soars, BTC dominance rises most of the time. I think this is a phenomenon that occurs as funds are concentrated towards BTC. Therefore, the coin market is led by BTC to determine the trend. However, looking at the current movement, BTC Dominance (BTC.D) is falling. I think this means that the decline of BTC is not leading the market. In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended. When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge. This surge is likely to move in the short term and requires careful trading. As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend. If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend. So, we need to see if the USDT dominance can turn into a downtrend. If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade cautiously. As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market. However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful. The coin market is expected to start bullish when it starts to decouple from the stock market's index chart. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
btc 6-15 update.man oh man. happy strawberry super full moon 🥂 let's talk about all this stuff. 🍓 You see this volume!? indicative of some serious buying pressure; we're nearing a significant bottom. 🍓 Open interest is still fairly high. I need it to come down a bit more before I can confidently say we've found a bottom. leveraged longs are opening positions into todays move up; fomoers will get stopped, shaken out, or liquidated. Some nice long liquidations over these last few days - helps the bull case. 🍓 Short interest is very high, a short squeeze is due - but the question is when? I personally wouldn't try timing a short squeeze, rather just get into a high probability trade setup and let nature take its course. 🍓 i am looking for 18k, but there's a chance we don't get it. if we do get it though, i'll be all over it. 🍓 still rolling with the og double zig-zag for now, but my bias is subject to change if the new data shows me something different. 🍓 ps. it's possible that a bottom is in. will be monitoring the waves over the next few days to get a more conclusive read.
Long
by notoriousbids
6
Bitcoin (BTC) - June 16hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 27033.35-29812.52 Support: around 21475.02 The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend. Looking at the current location, the section 15916.68-27033.35 is the sidewalk section and the point 21475.02 is the middle point of the sidewalk section. Therefore, the sidewalk section is divided into the lower sidewalk section (15916.68-21475.02) and the upper sidewalk section (21475.02-27033.35). Therefore, it is important to find support near 21475.02. If support is not found near 21475.02, there is a possibility of a decline towards the 13137.51-15916.68 section. I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line. (1D chart) You need to make sure it can be supported on 21475.02 or higher. You should also check to see if you can move above the uptrend line. The next volatility period is around July 13th. Once the BTC price stops falling and starts to go sideways, altcoins are expected to surge. This is because BTC dominance is showing a downward trend. You need to think about whether you can increase the number of coins (tokens) you hold with short-term trading. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - June 15hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) There is a possibility of a consolidation based on the 21481.1 point. This consolidation is expected to occur between 19424.9 and the uptrend line. The next volatility period is around July 16th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points. The sections 21481.1-22000.0 and 23050.0-23722.8 are expected to form support and resistance sections. So, you need to check which direction you are deviating within this interval. If it falls to the vicinity of 19424.9, it is necessary to check whether it rises with a sharp movement. ------------------------------------- When BTC price plummets or surges, BTC dominance rises most of the time. I think this is a phenomenon that occurs as funds are concentrated towards BTC. Therefore, the coin market is led by BTC to determine the trend. However, looking at the current movement, BTC Dominance (BTC.D) is falling. I think this means that the decline of BTC is not leading the market. In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended. When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge. This surge is likely to move in the short term and requires careful trading. As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend. If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend. So, we need to see if the USDT dominance can turn into a downtrend. If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade with caution. As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market. However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful. The coin market is expected to start bullish when it starts to decouple from the stock market's index chart. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
BITCOIN (BTCUSD): Breakout & What is Next ₿ Hey traders, It looks like Bitcoin broke a major weekly demand cluster to the downside. Weekly candle close below is a very important bearish clue and it signifies that sellers are willing to push the market lower. Here are the next two major support on focus: 18870 - 19815 narrow demand area based on 2017-high. 12468 - 13832 demand zone based on 2019-high. And above we have 28600 - 36300 major supply area. Be prepared for a further decline, dear traders. ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDShort
by VasilyTrader
11
"the og double combo"bitcorn has broken beneath a level many of us have been watching, i low key saw this coming. --- in one of my videos recently i discussed the following: if a majority of the people wanted 23k, we would either not reach it, or over shoot it. so we're in the process of overshooting it. --- looks like we could come down a tad bit more, one more hit to the lows after this bounce completes. --- i've changed my count up a bit to adapt to the changes i'm currently seeing over the last 24 hours. what i have on my chart is called a double combo, aka - the og wxy.
Long
by notoriousbids
8
Bitcoin (BTC) - June 14hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: 27033.35-29812.52 Support: around 21475.02 The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend. Looking at the current location, the section 15916.68-27033.35 is the sideways section, and the point 21475.02 is the middle point of the sideways section. Therefore, the sideways section is divided into the lower sideways section (15916.68-21475.02) and the upper sideways section (21475.02-27033.35). Therefore, it is important to find support near 21475.02. If support is not found near 21475.02, there is a possibility of a decline towards the 13137.51-15916.68 section. I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line. (1D chart) You need to make sure it can be supported on 21475.02 or higher. You should also check to see if you can move above the uptrend line. The next volatility period is around July 13th. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
5
btc 6-13 update pt.2in my last post, i shared two potential trajectories. btc ended up breaking the trendline \ hit my 22.9k target- but it came down in 3 waves, which makes me a bit suspicious. it still technically could be an expanded flat, but that would be a really long B wave, so i don't like it. much more probable for us to be working on the final fifth wave of wave C. --- watch for a bounce (w4), followed by a little capitulation to 19k (w5) this zone will mark a bottom (theoretically). (a wick could go below 19k, but so long as it gets bought back up, we will be in better shape.)
COINBASE:BTCUSD
by notoriousbids
2