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Bitcointechnicalanalysis

BTC / USDT pair on Binance (4h timeframe) analysis + predictionHello, Today I'll look at the BTC/USDT chart pair on Binance in the 4h timeframe. The demand zone is around $15850, and the supply zone is sitting around $16770 (previous supply zone was around $18K). From the long-term timeframe, I can spot the Falling Wedge trading pattern coming from a downtrend, and from the short-term time frame, I can see that the Ascending triangle trading pattern is occurring with consolidation and a rising support trendline. As an ascending triangle is normally a bullish sign, I expect the price to go just a little higher before changing direction and moving towards the demand zone at around $15800. The possibility of a breakout can happen at $17,200. If the price breaks the Falling wedge structure, we can expect a bullish movement and the price to move in the direction of 18K. If the opposite happens, I am expecting that we will move with the price in a downtrend to the demand zone at $15800 or lower. Both of the patterns I noticed are primarily bullish, but TREND is your friend. I am expecting the price to slightly move upward and then go in a downtrend to the demand zone at around $15800 or lower. My trading idea is to go short/sell. We are still in a bearish cycle, don't forget that! Enjoy & have an amazing day! BF
Short
by elfabiiani
#Bitcoin Losing Steam, Anchored at Q3 2022 Support at $18.5kPast Performance of Bitcoin Bitcoin remains in a range, and price action is still dull at spot rates. As it is, BTC has support between $18.5k and $19k and is technically bearish, reading from the candlestick in the daily chart. Days after the October 13 bull bar with relatively high trading volumes, Bitcoin is back inside the bull bar and broadly inside a bear breakout formation. #Bitcoin Technical Analysis Presently, BTC bulls have a chance. From the daily chart, prices are in range inside the October 13 bull bar, a net positive for buyers. The sharp reversal of prices from below Q3 lows with increasing trading volumes may point to the early stages of recovery and the end of the 11-month bear run. This preview, nonetheless, is valid if prices are above $18.5k and, preferably, $20.5k in the short term, breaking away from the current consolidation. If not, losses below last week's lows at $18.2k may see Bitcoin disintegrate, falling to register new 2022 lows. What to Expect from #BTC? BTC is within a bear formation, and traders are overly apprehensive. Unless clear breakouts signal the end of the bear run or the continuation of Q3 2022 bears, trades can stay on the sidelines. Gains (losses) above $20.5k ($18k) would mean the sideways movement of the better part of Q3 2022 was accumulation (distribution). Resistance level to watch out for: $20.5k Support level to watch out for: $18.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Bitcoin on H12 - when is it going up?If you look at the H12 chart, then you will see that a channel of blue lines is emerging. The price movement may well follow the pattern of Wolfe waves. Thus, the fourth wave will start somewhere at the level of 20,000 - 20,400 USD. (POC for horizontal volumes is around 20,300 USD). Also, the Stoch RSI is currently supporting the price decline. Take into consideration the fact that point X on the red line (local minimum) occured as a result of a sharp fall from the local maximum of 32,400 USD. The angle of point X relative to the 32.400 USD point is too narrow. This factor offers supports to the formation of point 6 according to Wolfe waves. In general, Bitcoin is at an accumulation stage, where the flat may last another 2-3 weeks. Therefore, the price rise to 28,000-30,000 USD may well not take place until point 6 is formed. However, it is worth tracking the price movement on 4H, 8H, 1D. Afterall, this is a market! Everything is possible!
INDEX:BTCUSD
by WallStreetFox
4
BITCOIN 2022Will try to keep it short. 2022 You must be in a cave if still dont know about bitcoin. 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. Supply is capped at 21 million ( just like any company share float), game is all about supply demand. Some call it the tulip mania, some refer it to as internet of 1990's. Either ways, caveat emptor, its an asset class of its own, risky but also highly rewarding. While creation was for transactions, last 11 years lot of advancement has been made and focus is on blockchain/ distributed ledger ( a store of value independent of traditional banks. ) than just a mode of p2p exchange. As of date there are 14000 cryptos solving different problems, but you wont make in 90% of them. Blockchain applications- Monetary reserves of countries ( CBDC ) , real estate, power, ecommerce, IOT, digital transactions, financing etc Big companies that accept Bitcoin include - Microsoft, PayPal, Whole Foods, Venmo, Starbucks, home depot, twitch etc Bitcoin ETF are legal and heavily traded. WAR- Russia vs Ukraine has taught us the implications of sanctions and forex stress, Ruble ( russian currency) is at all time lows and oil at ath, The importance of self sufficiency couldn't have a better example.Russian forex was frozen, bitcoin remain unfazed. El Salvador has declared bitcoin to be legal tender, rest to follow suite. Because i have bought it, you should too ( Isnt that what we do with stocks too? ) . 4 year cycle, just like commodities, buy when low, sell when high. but in a nutshell wouldnt be a bad idea to put part of your earnings in it, you'll thank me later. ________________________________________________________________ Technicals For now, trading inside the channel , should continue its upmove. keep it simple :)
BLong
by EVOQUE5000
2
Bitcoin - range trading Bitcoin continues the price action with low volume, low retail interest and small movements. The best you can do in this situation to preserve your wealth is to just trade the ranges. There are 3 clearly visible and very strong channels, which you can trade now: 1. LOW RANGE - currently we are sitting in this range. 28000 - 32000$, long the support and short the resistance - simple as that. Beware of spikes in both directions and use a proper stop-loss. If the support is broken (with a daily close below 28000$) I expect a retest of previous all time high around 20000$. 2. MIDDLE RANGE (32000 - 37500$) - a range that can be very interesting, because we have many major resistances in between. MA100 and MA50 on the daily are located around 34000$ and could change the game in the range. 3. UPPER RANGE (37500 - 48000$) - this is the range before new bullish momentum and a new all time high respectively. This is the place you would like to be, but I don't see it in the near 2-3 months. TRADE SAFE!
by HAVEcrypto
BTC TO $250,000 BEFORE 2025!1) We are not in a bear market just yet, simply because we have not broken out of the support level and closed to the downside....even if we did, we still could shoot back up, as its happened before. 2) Regulations are coming, we could see BTC crash a little further before we see it go back up. However when regulations come 99% of the 19,378 cryptos will die! - leaving us with around 190-200 legitimate projects that have a massive use case, utility and solve a massive problem.
BITSTAMP:BTCUSDLong
by ALTCOIN_BEAST
6
Bitcoin X-RAY and diagnosis - What's next for the digital gold? Trader's have a tendency to over complicate and eventually come to the conclusion of no conclusion at all. But let's break it down to just a few sentences of simple practicality *******Support and resistance of connecting weekly lows and highs since Jan 2021 have been consistent and parallels in the shape of a tunnel ******** *******What took the market to the all time high of 68,000 was a consolidation from the tunnel floor and breakout above the lower high trend-line July 2021 ***** *******Between Feb 2022 - Today we see similar consolidation of price action as well as a breakout above the lower high trend-line stretching down from the all time high of 68,000***** From a technical perspective, there's very high potential of reversal from the tunnel floor stretching back over a year, with almost identical technicals of July 2021 breakout. From a fundamental view Bitcoin is the perfect hedge against overwhelming global inflation. There's no need to dig deeper because currently the fundamentals are all sitting on the foundations of inflation. In a scenario where the tunnel floor is broken and a week closes below 35,000 - It could mean downside towards the 20,000's - This is much less likely and would be a big surprise. -------------------------------------------------- Please follow and like - I would greatly appreciate it. You can also feel free to message me for any questions and I'd love to help! I'm new to posting ideas and trying to find my combo of artistic and informative charts , Would love to hear your output of what you would like to see more of and what you think about the design Thank you ^___^ ----------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
3
BTC technical analysis 4/2/2022 *NOT FINANCIAL ADVICE*51.4K within 12 days? (4/14/2022) based off inflection point on trend line (arrow 1) I think it will happen by Monday IMO (3 days) this is based on previous symmetrical top (arrow 2) potential marker for near symmetrical retracement based on previous high in bearish cycle (assuming our retrace up looks similar) (arrow 3) My technical reasoning: -Ascending triangle was formed and a breakout was confirmed -Triple bottom formed within the ascending triangle (2 bullish charts is a good sign for me) -Momentum & Money Flow Index are in line with Stoch RSI potentially confirming the start of a larger trend. -MACD is on the cusp of a reset whales & Institutional buys are the brunt of this next inflow. I'm personally going long. Anti-Hedge
Long
by squirrelnutz
BTC 45K Break Coming Soon!!?Looking at our BTCUSD on the daily chart we notice that from last time we spoke on this we were looking for a potential breakthrough of the 0.6 FIB level and/or the 45K level, we got rejected after 4 strong wicks up and above here but this could have been expected too, we saw a big run up from our most recent bottom and a little cooloff couldve been expected for PA. Now with that being said it looks like we have seen that full cooloff and we are looking to run back up to 45K. I personally think if we do see a strong push coming from today going forward we have a very good chance of smashing through this level once we get there. Now looking at our bollinger bands we came off the top band after having a significant run up and we are coming back down towards the midline which is support, definitely looking to hold the midline if we do come down to it. Now for other support levels we have tons, we have 40.7K aprx and also double support along the midline of the BB's and if we do by chance break those we have strong support at the 0.7 FIB level. For the Mean Reversion Channel we are still 12% off our mean line (yellow) looking previously we bounced strongly off the orange oversold zone. Now keep in mind one rule with this indicator is that at some point price action comes back up or down to the mean level, now the whole goal here is to make our way above this level so we can start making some higher highs! Now the RSI is looking fantastic we are up and above the very important midline, staying above here returns us back into a confirmed uptrend so holding this zone is very important! We also have strong support coming from the yellow SMA (Simple Moving Average) as an added layer of support other than the midline! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
BTC Bullish Triangle Breakout!Doing a little update from yesterdays TA and ill keep this one a little shorter! We have successfully broken out of the bullish triangle we talked about, keep in mind there is always the chance that we reenter this pattern before the real breakout happens, but either way we are looking strong, we have been steady rising for over a week now and we have taken out some important levels on the way like the 0.7 FIB and the top of this triangle, now we are looking at holding above here and our next goal is going to be reclaiming our midline on the bollinger bands, we need to get into the upper half as the midline will then be support and we have the opportunity to make a run for that top band! After the midline on the BB's we are looking at an absolute key level that is.. the pivot point sitting around 39.8K, reclaiming this level will definitely add a ton of bullish momentum, not only is just the current pivot point but is just below 40K and as we all know that is a must reclaim zone at some point sooner than later. The Wavetrend is looking good aswell we are rising still and not showing virtually any signs of slowing up just yet, we had a strong rebound coming out of the buy zone and we are about halfway to that midline, of course a run above this midline would be very ideal but in this wave i don't know if thats going to be the case, none the less if we do see a little drawdown it wouldn't be unhealthy to do so, we will likely catch some support on the way down before hopefully making our way back up and going for that midline and beyond! Not financial advice just my opinion!
BITFINEX:BTCUSD
by JacobR905
2
BTC Breakout!!When we last talked about BTC we were looking at a couple key areas we needed to breakthrough in order for us to continue moving to the upside, those levels were the 0.7 FIB, the top of the descending channel and the top of the bullish triangle, we are looking solid here we have taken out the 0.7 FIB and the top of the falling channel, all thats left in our current spot is the top of the bullish triangle! Keep in mind guys we need all of these to confirm after our daily close tonight at 7PM EST. A breakthrough of all of these levels or even the current 2 is going to be significant and the chances of us seeing some big bullish momentum significantly rises. The level we would be looking at after these 3 is the midline on the bollinger bands, which currently acts as resistance as of right now, flipping this level not only gives us a cushion of support but opens the door for a run at that top band. Historically closing ontop of the top band leads to explosive price action to the upside, not always but a majority of the time we see this happen, same thing applies to the downside. Looking at our MACD we look good here, we are beginning to see nice separation between the MA's which is always a good thing, this makes it more difficult for the bears to trigger a bear cross. Not only that but on our histogram we notice that our green bars are rising day by day showing an increase in bullish momentum, we want to see this continue moving forward and keep in mind if we start to flatten out or decrease the bullish MACD cycle is likely coming to an end in the short term. Now the RSI looks good aswell, we are still stuck in the bottom half below the midline which means a confirmed downtrend, but the good news is we have flipped the SMA to support and we are on our way up, the main goal here is simply getting above the midline and holding above, this puts us back into a confirmed uptrend and relieves a lot of bearish pressure! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
BTC Looking For an Upside Break!!?Bitcoin id looking to break up and above the 0.7 FIB level which also has over hanging resistance coming from the descending channel, we wicked all the way up and above both these levels but have since come back down, what im looking for tonight on our daily close is a push up and close atleast above the 0.7 FIB! This opens the door and allows us a better chance at making a push to breakout of this descending channel, as for another level of resistance we will face is the 40k-40.7K zone, breaking above 40K and holding it is going to be a very bullish sign. Looking at our automated ABC pattern detector we are currently forming the C structure with a target of about 41.2K - 42.8K, if we can successfully complete this pattern we will be ending up in a very good spot above some major resistance levels. One thing that is crucial for PA going forward is that we need to break the current downtrend we are stuck in, that starts with all the breaks of resistances i was talking about but also making that C run complete and from there continuing to move up. A good way you can keep up with the current trend is looking at the RSI, being below the midline like we currently are confirms a downtrend, we need to break above the midline and hold above to see a confirmed uptrend come into play. Looking at our MACD we notice that we actually just got a bullish cross, now don't jump to conclusions too fast, we need this to confirm first, our MA's are tight together and as you guys know this allows for a quick reversal and bearish cross. What we want to see going forward is these MA's start to move apart creating space between eachother making it more difficult to trigger a bear cross, another important thing we want to watch is the histogram, we are currently on our first green bar which is a great sign but moving forward we need to see these green bars continue and we gotta see an increase day by day showing an increase in bullish momentum. Now the Wavetrend, we are looking very good here overall, we bottomed out in the buy zone and we seem to be reversing very nicely, our wave has crossed over the red crosses and is beginning to move to the upside, we have been trending down for quite awhile now and haven't seen a significant bullish wave so thats exactly what im looking for here. Keep in mind the wavetrend is a slow mover and rarely ever has jagged turns and moves, we see smooth transitions between waves, the one key level we need to break above to really confirm a strong bullish wave is the resistance level coming from the last peak from the 15th of January! Not financial advice just my opinion!
BITFINEX:BTCUSD
by JacobR905
BTC Final Flush Before Reversing!?Bitcoin was very quick to invalidate our double bottom that we talked about yesterday and had a sharp flush to the downside likely liquiating tons of players along the way, we are currently sitting a fair ways above the 0.7 FIB level, we are catching some support at 39K. What we don't want to see coming from the bollinger bands is a stronger push to the downside resulting in price action being fully ontop of the bottom band, as you guys know this can trigger a fast sharp move to the downside even further. The squeeze momentum indicator was coming back to the midline but due to price action we have started another bearish squeeze it seems like, our red bars have started increasing once again which isn't a great sign, what we are looking for here over a bigger timeframe is that push back to the midline where we then have the opportunity to get into a bullish squeeze. Now the reverse momentum indicator was moving very bullish coming flying out of the bottom buy zone, we have since crossed bearish and are coming back down fast. What i want to see here is a potential bounce off of support we have just below us, being in the buy zone on its own calls for a reversal and now that we have support here we can expect that bounce even more. Not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905
BTC DOUBLE BOTTOM!!Taking a look at Bitcoin on a daily timeframe i noticed something very bullish that ive somehow missed. a clear to the point double bottom has formed recently with price action showing some strength coming off of it, this overall if actually plays out is a big positive for the overall market in general! We are currently sitting inbetween the double bottom and the 0.6 FIB level, with heavy supports and resistances clearly above and below us! Keep in mind a push down below the 39616$ level invalidates the whole idea. Potentially some great buying and entry spots here for dollar cost averaging into different strong projects, Mid 39K seems like a very fair and reasonable bottom i personally would say. Looking at the bollinger bands we are currently trading in the bottom half but our first goal here to put us in a nice spot is getting back and above the midline which is currently acting as resistance, being in the top zone allows us the chance at climbing up to that top band, where as you all know by know can trigger quite the run to the upside, not only that but getting above the midline opens the door for us to reclaim the 0.6 FIB level which is a crucial spot at 44K. The Squeeze momentum indicator looks pretty good, we are coming out of a big short squeeze where soon enough we will be coming back to the midline (fingers crossed) This enables us to push into a bullish squeeze above the midline, due to us not getting a true bullish squeeze in quite some time throughout October to be exact, i think it is highly realistic that we could be seeing a massive bull squeeze soon enough, we need to see a strong push past the midline and into green territory, we need our green bars to increase day by day getting stronger and showing the rise in bullish momentum. Now the Wavetrend gives me good hope that we are going to be starting a decent leg up here soon, we recently bottom out in the buy zone and have since recovered, we currently are seeing what looks like to be a reversal happening, the wave came down slightly but is currently beginning to tick to the upside. Keep in mind that this moves slow and has relatively smooth transitions between waves, this means very minimal jagged movements and sharp turns, so what im saying in a nutshell is when we start to see a reversal play out we are not 100% but almost guaranteed to see price action respond to wherever the wave is headed, i should also point out here just like the SQZMOM we haven't seen a very strong bullish wave in quite some time, we had a decent wave but we only pushed upto the midline, what im looking for and expecting sooner than later is a strong bull wave pushing past the midline and topping out somewhere inbetween that and the sell zone! Not financial advice just my opinion!
BITSTAMP:BTCUSDLong
by JacobR905
BTC Update!!Bitcoins really been struggling as of late and we are in some dangerous territory for price action, we are hanging out right above the 41K support level and the chances of us falling underneath here are rising everyday, realistically on this 4HR chart we don't want to see a close of course below 41K but also we dont want to see a close below our previous closes, i have marked out a box where we ideally would prefer to close in or above and we are a bit off this level but still have aprx 1 hour 20minutes until our next close. Closing below our previous closes gives some momentum to the bears and could ultimately bring us down even more, if we can't hold onto our 41K zone we are looking at 40K as our next stop. We did get our bullish cross on the MACD but its not looking so great, our MA's are pressed together and our blue MA is actually trailing into our orange now giving the bears an easy shot for a bear cross. Our histograms not looking ideal either, we are seeing a decreased green bar for this current 4HRs and thats not a great sign, its showing us that the bullish momentum is not really here and is fading out already, ideally we want to see the blue MA bounce off the orange one giving us that separation we need. The RSI however could be looking up soon enough, we are about to enter the oversold zone which is a good sign and this could give us that boost up that we need, we want to see a break up and above the yellow SMA as our first target but the main goal is getting back up and above that midline, being stuck below keeps us in a confirmed downtrend which of course isn't great. Getting back up and above this midline gives us the chance to reclaim a confirmed uptrend which is exactly what we want but keep in mind we have a ton of work before we make that happen. Not financial advice just my opinion!
COINBASE:BTCUSDLong
by JacobR905
Bitcoin - next move on 1D!Given our ground zero on 22 June 2021 at 28700 USD, Elliott waves on 1D suggest that 42000 USD was our correction point A. Based on that it is fair to assume that point B would be between 38.2-62.8% Fib that derives from ATH impulse to point A. However, I would consider to go Short at 50% Fib, around 55500 USD area. This where the price can be expected to bounce off the blue trend line and thereafter, drop down to 33300 USD which would be point C. Indicators support feasibility of point B Both RSI and MACD are at the bottom of a falling wedge. Stochatic RSI is in the position of growth. RVI is following an uptrend.
by WallStreetFox
4