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Bitcoin (BTC) - May 23hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 It needs to move above 32259.9 to turn into an uptrend. Accordingly, the increase in trading volume (over 88.696K) should continue. We should see if there is an attempt to move higher above 32259.90 while holding the price above 29812.52. Currently, the price is rising as the volume is decreasing. In this case, if the selling price increases even a little, a sharp decline can occur, so careful trading is required. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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
This idea remains highly probable.If this was to take place, it could be counted as a completed third leg in the wedge which I've been discussing recently. I'm really not satisfied with the price action over this last week; and it really does look to me like a phase of re-distribution -> which is why I've put myself on the sidelines for the time being. Until I can conclusively eliminate this idea, I'll be 100% cash. ---- w5 target = 24k. ---- ps. i have this little indicator which has been calling out every single top in this downtrend. Whenever it clusters the way that it's doing right now, it has led to a fairly large descent in the days which followed. ✌
by notoriousbids
2
Bitcoin (BTC) - May 22 (RSI Indicator)hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSD 1M Chart) The RSI line is approaching an all-time low. (1W chart) The RSI line is falling below the low of the week of March 9, 2020. (1D chart) The lowest RSI since BTC price hit ATH was January 20, 2022. If the current price moves sideways, we expect the 1W chart to break out of the RSI oversold zone in the near future. I think this movement can be interpreted as a movement to get out of the floor section. However, it is important to check whether the RSI finds support in the 27K-29K range, as the RSI may fail to move higher after exiting the oversold zone and may lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
COINBASE:BTCUSD
by readCrypto
btc 5-21 update ~hello's if the spx500 is indeed working on a diagonal, as shared in my last post(view at the bottom of this thread); then i think this is the highest probability path for bitcoin to take. a choppy 3 wave move which goes on for a few weeks, before seeing the final leg down to 22~23k. --- wave 4 could go a bit higher than my current projection, but it would need to maintain the structure of a contracting wedge, and it would also have to get into the territory of wave 2 for it to play out as planned. (i'm able to move the upper portion of the wedge out a bit to rhyme with the 0.50% retracement at around 35k.) will continue to monitor it as the days go by. --- ps. if i'm right about this idea, the corrective phase could come to an end at 22k by the end of july. --- spx500 diagonal 👇
by notoriousbids
1
Bitcoin | Bullrun 2022 is loading..!! #Bitcoin (Price Analysis) Since 9th November 2021, Bitcoin Bears Have been in Complete Control & till now, Bitcoin Price has Dropped +50% since All time High. Now, Seems like Bitcoin has Bottomed out & Getting Ready for Another Bullrun like Jul-Nov 2021.. Bitcoin RSI is Printing Massive Bullish Divergence (Which is Bullish Sign) in Daily timeframe Chart. Bitcoin Bulls Have been Defending the Crucial Support Are (28-30k) from last few Days & Bitcoin Could Bounce Back anytime so Keep Buying the Dips & Just HODL Bitcoin.. (You'll Thank me Later) BullRun2022 is Loading so Don't sell Your Bitcoin to Whales.. In the Weekly timeframe Chart, Bitcoin Bulls defending the Crucial Support line (29k). In daily timeframe Chart, MACD Just Confirm the Bullish Cross.. 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
18
late night thoughts,🌙 take a peak at this weekly channel: notice all of the points of confluence, and pay attention to how the previous levels of support have turned into resistance levels. now that bitcoin has successfully fallen out of the weekly channel, the lower portion of it has in theory now become a significant level of resistance. order books are stacked to the brim with sell orders all around that little red line. there's a really good chance bitcoin continues to consolidate for awhile before it tests it \ drops lower. keep an eye on the line, it is an important one.
by notoriousbids
3
Bitcoin (BTC) - May 21hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. To convert into an uptrend, it needs to move above 32275.6 to find support. The volatility period is around June 5th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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
"The Bear Case Part 2"My previous post was a very optimistic outlook. The market might turn into full savage mode \ not even give the longs a chance to exit their positions, but instead create a massive liquidation event instead. Right now, longs are leveraged at levels unseen before. Historical highs on long leverage. If I was market maker 😏, I'd liquidate every last one of them, just so I could get the best possible price for the next bull run. 😈 Some say buy when everyone is fearful, others say short the ponzi. --- Primary Tech macro 👇
BITSTAMP:BTCUSD
by notoriousbids
9
"The Bear Case"Real quick, If the top is indeed in(which i'm not saying it is), I would expect a decline to around 10k on Bitcoin (could go as low as 3k). The path that it takes to get down there is still unclear, but it will become very clear as more data presents itself. --- I'll be 100% honest with you all, i can care less about which direction the market goes. I make money in either direction, and have 0 attachment to either side. There is an infinite amount of possibilities in the market, and this is just one of thousands. Don't use this post to make any kind of financial decision, for I am not a financial advisor, and this is not financial advice. Do your own research, make your own decisions, and approach the market with your own unique strategy. Just because i am bearish right now, does not mean that you too should be bearish. This is merely a theory, based on a hundred different factors that are currently at play in the world. 🥂
BITSTAMP:BTCUSD
by notoriousbids
3
Bitcoin Analyze (Double Three Correction)!!!Hi, Bitcoin wants to complete its main wave 4 by Double three Correction. It was able to pass microwave W & X with Zigzag Corrections. The Structure of microwave Y can be Flat/ Triangle / Zigzag. Also, I tried to show you the targets of the end of microwave Y or main wave 4 in my chart. Bitcoin Analyze ( BTCUSDT ) Timeframe 1H⏰ Where is the end of main wave 4 ❗️❓ 🎯Target🎯: 32270$ until 31700$ (More Possible) 🎯Target🎯: 33880$ until 33320$ 🟢Heavy Support zone: 30580$ until 29100$ (Support + Cluster of Fibs + Important Support Line) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
4
Bitcoin (BTC) - May 20hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term point of view, it needs to rise above 40K to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section. Accordingly, the increase in trading volume (over 88.696K) should continue. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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
a bearish glancetaking a look at this whole picture from a bearish perspective, just to entertain the idea. looks fairly clean to me, the whole vibe of this downward move. it wants to continue in my opinion. the 4h hidden bear, the triple lower highs, quadruple delta divergence, stacked order book on the sell side; the weak alts. all of it. this might be just a little pitstop for a re-distribution phase before further mark down. --- i'm not saying this is what's going to happen, just entertaining the possibility. ✌
by notoriousbids
1
Bitcoin Analyze (Road Map)!!!🗺️ (Update)Bitcoin moved as I expected; it was able to complete its microwave 3 at 26700$ (Near the important Support Line) & makes the Morning Star 💫 Candlestick. For now, Bitcoin is on microwave 4, and the targets 🎯 of this wave can be around 32020$ and 33870$. Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰ (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
4
Bitcoin (BTC) - May 19hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. To convert into an uptrend, it needs to move above 32275.6 to find support. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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) - May 18hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The indicators passing through points 32259.90 and 35045.0 are inverted. As a result, volatility may occur around this interval. The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term point of view, it needs to rise above 40K to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section. Accordingly, the increase in trading volume should continue. When passing the 32259.9-35045.0 section, I believe that the volume should continuously occur above 88.696K. The indicator corresponding to the -100 point of the CCI indicator is rising from 7354.11 to 29287.05. Therefore, if it falls below 29287.05, there is a possibility that it will turn into a downtrend, so you need to trade cautiously. Taken together, the 27033.35-29812.52 section is an important support section. The next volatility period is around June 5th. ------------------------------------------------------------ ------------------------------------------- ** 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
"the bull case for btc"i'd just like to start this off by saying, there is a guy who bought eth at $100 back in the day, the other day he sold off his entire position, and stated "i have had enough with this ****** bear market". (lol) this is the kinda signs i look for before we have an imminent reversal to the upside. ----- all of the anal-cysts who were calling for btc 100k back in the day, are now calling for btc at 20k. the bulls have turned into growling bears, and the bears are swimming in tendies. everyone and their uncle wants bitcoin at 20k, the rich dad poor dad guy is saying hes gonna go all in at 17k, michael saylor is sweating, contemplating his decision making skills. the og bull are capitulating, and there is terror on the streets. ------- this is when i come out and say, when the majority of the market want something to happen, the market tends to throw a big middle finger at them, and does the exact opposite. i'm entertaining the idea that the bottom is in, and no further downside will take place. (possible raid of the local lows to take out the long stops, but no 20k will be seen in 2022). the immediate upside target sits at 130k for the fifth wave, and it will come quicker than you'll have the chance to even blink. one day you'll awaken and see bitcoin up 10k, and the next day will be another 10k. before you know it, it's christmas eve - everyone (including santa) is talking about bitcoin going to 500k, and that's when the real top will be in. 🥂 ps. your boy called the top, and he's about to call the bottom. leaving a few posts down below, feel free to feast on them. big cheers to you if you've made it this far 😎 ps. i am very long.
BITSTAMP:BTCUSDLong
by notoriousbids
4