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Bitcoinanalysis

Bitcoin recovered My last post discussed the final stages of the Bitcoin correction. In that analysis I was expecting the end stage of the correction of Bitcoin, mainly because it had served its days of the 65-daily cycle. Never did i expect the following events though. The course I expected was failry simple: - Bitcoin will find support on the horizontal line, and go sideways from there. - Once out of the channel, we would shoot up again. What actually happened was: - Bitcoin broke support - Crashed down to our last resort support - Came back up as if the crash never happened The current state at the end of the day is: - Bitcoin is following our plan, but more explosive than expected. - Bitcoin is back in the red resistance zone. Breaking this one would give us a target of 28k. - I'm bullish!
COINBASE:BTCUSDLong
by FetchTeam
Bitcoin Last Hasbullas Pump Before Downside NukeBitcoin retraced to the upside ~22300 over the weekend to liquidate all those high leverage shorters + performing a SL hunt Right now its holding the price for more LONGs to build in order to liquidate them. depending on traditional markets (SPX) we could get a counter trend rally to the upside (~4000) which btc will follow that gives bears another chance for a good short position. KEEP in mind the market in general is in denial so any upside move considered a fake move and will follow with a major down side move Thanks for all the support
Short
by pcmonk
1
Bitcoin- Back above support. I'm not bullish thoughAfter the recent high at 25k, bitcoin has started to drop and last week it also fell below the support level in the 21k area. However, this was a short-lived spike and now the price is back above again. Although technically this could be an indication of reversal, with the problems from the financial market, I don't expect much continuation to the upside. A new drop under 21.500 would put strong selling pressure on the price and 18k support zone could be bears target. I'm looking to sell
BITSTAMP:BTCUSDShort
by Mihai_Iacob
45
#Bitcoin Reverses Losses, Blasts Above $21.5kPast Performance of Bitcoin Bitcoin is higher at spot rates, adding roughly 13% in the past two days. For this development, buyers are back in charge and bulls have reversed last week’s losses. Still, it is important to note that in less than two weeks, BTC is down over 15% despite buyers being dominant from a top-down preview. #Bitcoin Technical Analysis Overall, BTC bears are in a commanding position, especially if prices remain above $21.5k. Notice that the coin has reversed last week’s losses following a bear breakout formation after sharp losses on March 3 was confirmed on March 9. Given the setup and recent expansion, there could be more gains in the short term. Therefore, aggressive traders can look to load on every attempt lower as long as prices are above $21.5k targeting $25k in the immediate term. On the lower end, primary support lies at $19.7k, a support zone flashing with the 61.8% Fibonacci retracement level of the December to February 2023 trade range. What to Expect From #BTC? Bulls are in the driving seat, but this can quickly change should BTC prices contract below 21.5k. The primary support in the near term is $19.7k, a critical reaction line traders should closely watch. Sharp losses below this line will cancel out the bullish preview. Resistance level to watch out for: $25k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Urgent Update!!Market analysis (Bitcoin) The latest trade using the Pump Tracker strategy resulted in a loss of -1.5% of the total balance. Trading without losses is impossible, but after closing our trade, the price dropped by 9%, which is pleasing. The risk management system is designed to avoid large losses and earn significant profits over the long term. From the graph, it can be seen that the price failed to break through the strong support zone of the Greenwich system. After the last test, the price dropped by 22%. (According to TradingView rules, I can't show my indicators for free, because the platform blocks my ideas, so I've drawn the zones with lines.) Currently, the price is moving towards the marked massive liquidity zone on the graph and the very important $18,660 level, where the 0.618 Fibonacci level is also located. Additionally, it is worth noting that the RSI has also dropped below the 30 mark, indicating an oversold market. In the medium term, it is a good opportunity to start buying Bitcoin (for example, 15% - 20% of your capital). In the medium term, I expect the formation of a local bottom and a market reversal. After that, the price is likely to continue its upward trend to the $28k-32k targets. However, the chance of the price dropping to the kill zone is also present, so I do not recommend buying a very large portion of your capital. Leave some stablecoins for this scenario. Personally, we are mostly in USDT for most strategies and waiting for new signals. If you want to try our indicators for trading, you can try a free 2-week trial.
Long
by Yaroslav_Krasko
Retracing A Month UpSide Rally In 2 Days ! Top Longers in shamblUnfortunately Today I couldnt upload a video , it kept failing ONLY on this platform! Bitcoin\4H Had A Capitulation Candle Down (-10%) and will continue to go down after a consolidation After slow bleeding for 2 days BTC finally did what it suppose to do and legged down 10% and caught every hasbullah off guard resulting in Hasbullas getting liquidated left n right We Also filled the gap (20500 to 20k) AS PREDICTED ,Now this dump is just the begining of a bigger dump thats comin maybe with todays news (18.4) then consolidates there or pushes backup to 19.5 and hold there. If you look at 4H candles u see they are getting smaller in size and volume is dropping showing Bears are taking the thumb off the sell button and giving some room for retracement following in another fake bull move maybe ~20800 which eventually end in more sell. On 15Min chart we are doing another Parallel channel but it could change as its low time frame pattern Liquidity to upside around 22.8 is 4M around 23.7 is 11M
BINANCE:BTCUSD.PShort
by pcmonk
#BTC/USDT Down 21% New Trade Strategy!#BTC is down 21.60% from the recent top of $25k. It was a much-needed correction. The question is whether we will hold the .618 level which is around $19180. $20.8k is important weekly support too. I think it's not wise to open short here. it is time to look for long opportunities in the short term. I have started accumulating longs on LTC ETH and other big caps. INVALIDATION:- Daily Close below $18889 DYOR, Not Financial Advice. Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
by Cryptorphic
4
#Bitcoin Free Falling As Sellers Dump, Next Stop $18.3k?Past Performance of Bitcoin Bitcoin is down 11% in the past week of trading and is trailing the USD by 8% in the last day. Sellers are squarely in control at spot rates, and the coin might drop even lower in subsequent sessions. With the immediate trend defined and sellers within a bear breakout formation, every attempt higher towards the $21.5k resistance zone presents a liquidation opportunity for aggressive traders angling for even more drawdown in days ahead. #Bitcoin Technical Analysis BTC is melting, dropping below the immediate resistance level as sellers press on. After the initial breakout of early March 3, there has been confirmation with yesterday's bear bar forcing the coin below February low at $21.5k with expanding volumes. At this pace, every high will be a liquidation opportunity for aggressive traders with eyes on $19.7k or lower. The recent bars ride the lower BB, suggesting a strong selling momentum. Additionally, yesterday's bar was bearish engulfing and slicing through $21.5k with increasing volumes. This points to participation from traders. What to Expect From #BTC? Traders expect more losses in the short term, looking at the formation in the daily chart. As long as prices are below $21.5k, sellers are in control. The immediate term target remains $18.3k, coinciding with the 78.6% Fibonacci retracement line of the December to February 2023 trade range. Resistance level to watch out for: $21.5k Support level to watch out for: $18.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Slow Bleeding Could End In A Catastrophic MoveBitcoin is slowly bleeding down and with todays news it could actually get volatile. If we want to go lower before any retracement to the upside it could be all the way to 18.4 (big capitulation candle) or fill the gap (20400 to 20k) with a wick around 19.5 and bounce back up. There is a big cluster of liquidation from 22.4 to 23.4 (near 8M) which shows a possible pullback there to grab those liquidation. Bottom Line is Crash did not happen yet and is YET to happen.Longing is not recommended at all cause we could flood down. DXY is looking very strong as SPX losing power day after day. Details on Video Please support the video in anyway you can by share,boost,comment
BINANCE:BTCUSD.PShort
by pcmonk
1
#Bitcoin Not Out Of The Woods, BTC Sell-Off ContinuesPast Performance of Bitcoin Bitcoin is weak at spot rates. Despite steep selling pressure, BTC is holding on. The coin is down 14% from peaks and likely to slip even lower, retesting February 2023 lows at around $21.5k. This is a critical support line that buyers must watch out for. If lost, the coin could tank toward the $20k level or worse. #Bitcoin Technical Analysis The path of least resistance, at least in the short term, remains bearish. This preview holds, provided prices are below $22.8k, and bars are banding along the lower BB. This signals strong selling momentum. If bears double down, the sell-off would likely continue. In this case, bears can set their target at February 2023 lows. This is the base of the bull flag that, if breached with expanding volumes, may trigger even more sell-off towards December 2022 lows. What to Expect from #BTC? Buyers are confident, and the uptrend is valid from a top-down preview. But, as aforementioned, bulls must reject any attempt lower below $21.5k. Strong rejections of the current bear run with expanding volumes and a wide-ranging bull bar could see BTC resume the uptrend towards $25k. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Is the bottom actually in? #BITCOIN 🧐I believe we will get our answer very soon on #BTC 25k area is make it or break it. Few Thoughts - There's Bearish FVG that will need to be filled eventually which is above 25k. - Reject off of 25. 19-20k is guaranteed, because of 2 bullish FVG that need to be filled ..... - #Bitcoin tends to repeat itself when it comes to price action. The last time we rejected of off that strong high we got knocked down all the way back to 15k. - If we reject again off of the strong high, we could see price action test that low at 15k. 200 MA is key which aligns with the 25k area ‼ If we convingly lose it the bottom is in. - With that being said..we lost it before & it was a fakeout & continued to go lower. Which could happen again. This area 25 is gonna tell us everything. There has been a couple of times throughout #Bitcoin history where PA was trading above the 200MA for some time. Ended up being a fakeout & the bottom wasn't in. So Food for thought, this could very well be one of those times, again.
BITSTAMP:BTCUSDShort
by Nick.TkgProfits
4
Massive Crash Incoming On BTC -Watch This To Not Get TrappedBTC\1H Doing a pennant which is a sign of continuation With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400. Todays Events will totally spice things up even more than yesterday Dxy rising to 105 and holding it is a sign of Market getting weaker Please Boost,Follow,Comment if you find this informative Details on the video
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Volatile, Trend Bearish with Resistance at $22.8kPast Performance of Bitcoin Bitcoin is fragile at spot rates and may slump, registering even more losses in the days ahead. After yesterday's volatility, there was a spike in participation. At present rates, prices are down from the recent range meaning sellers are in control. #Bitcoin Technical Analysis The path of least resistance is southwards, and the coin is within a bear breakout formation. With the broader currency market lower, BTC may likely follow suit in the days ahead. Note that prices are range-bound, but yesterday's events favor sellers in the short term. Technically, any high below $22.8k offers an entry for sellers targeting $21.5k. This could change if there is a sharp expansion above the March 3 bear bar, reversing losses as buyers flow back as the primary bull trend resumes. What to Expect from #BTC? After gains from mid-December 2022, the uptrend might be over following losses last week. As aforementioned, traders can look to short on every attempt higher, targeting $21.5k, or lower, in the immediate term. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Flatlines, BTC Trend Remains Bearish As Trading VolumesPast Performance of Bitcoin Bitcoin continues to spin horizontally, within a bear formation, and technically under pressure. For the third consecutive day, bulls failed in their attempt to push higher, reversing losses of March 3. Per the candlestick arrangement in the daily chart, traders can look to short on every high below $22.8k, targeting short-term reaction levels. #Bitcoin Technical Analysis The path of least resistance is southwards. This preview is valid as long as prices are within the bear candlestick of March 3. Moreover, from an effort versus result perspective, sellers have the upper hand considering the thin trading volumes of the past three days. Notably, the coin is within a bear formation after losses below the recent consolidation of last week. In the short term, traders can look for liquidation, targeting $21.5k, a vital support line—previous resistance. However, the trend can quickly change should there be a high volume bar pushing BTC above $22.8k, effectively reversing losses of March 3. What to Expect from #BTC? Traders are optimistic, but candlestick arrangement points to weakness in the short term. Because the bear bar defining the current trend is conspicuous with expanding volumes, the odds of BTC tanking remain high. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Bitcoin can break of resistance level and to growHello traders, I want share with you my opinion about Bitcoin. Looking at the graph, we can see how Bitcoin is declining in the downward local trend. The price broke through the support line and level 22725 and dropped to the level 21970 from which it bounced. Currently, the price is trading above the support line and may continue to move upwards. Bitcoin can break through the resistance level and continue to grow. So the targets for Bitcoin I've set on levels 22725, 22970 which coincide with resistance line that also match fibonacci levels 0.382 and 0.5. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
#Bitcoin in a 3% Range as BTC Stuck within a Bear BreakoutPast Performance of Bitcoin Bitcoin prices were unmoved over the weekend and relatively uneventful. As a demonstration, prices remain inside a 3% range as the bears tower over bulls. The short-term trend remains bearish, and the path of least resistance is southwards. This preview is valid if prices are below the middle BB and $22.8k. #Bitcoin Technical Analysis Since BTC is within the March 3 bear candlestick, every high below $22.8k presents an unloading opportunity for sellers. The bar is wide-ranging, and the subsequent bars printed over the weekend have a tight trade range with light trading volumes. Since bulls didn't flow back and attempt to reverse losses, the immediate term trend is southwards. Subsequently, every attempt towards $22.8k might present entries for sellers targeting $21.5k. If there are sharp dip below last week's low, it will confirm losses of March 3, allowing traders to double down on their sell-off, angling $21.5k or lower. What to Expect from #BTC? Sellers are in charge, and the short-term trend is southwards. With the trend set and BTC within a bear breakout formation below the range of early last week, traders might look to sell, targeting the immediate support level defined in Q1 2023. Resistance level to watch out for: $22.8k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer