Get started

Bitcoinanalysis

#Bitcoin Prices Inside A Bull Flag, Will Buyers Succeed?Past Performance of Bitcoin Bitcoin prices are stable at spot rates, steady inside a bull flag as demand for the coin during the New York session supported prices. With the dynamic support line by the middle BB still vital in shaping BTC's short to medium-term formation, traders may look for entries on break out. Any surge above the bull flag may see the coin rallying above $25k. #Bitcoin Technical Analysis BTC remains in a tight range, fluctuating inside a bull flag as traders search for entries. As it is, buyers are in control, a net positive for optimistic traders. There will be clarity once BTC breaks out, either above $24k or $22.5k. Ideally, this liquidation should be with rising trading volumes, indicating participation. For buyers, any surge above $24k may lift BTC towards $25k or better. Conversely, losses below the base of the flag might see BTC slide to $21k and January 20 lows of $21k. What to Expect from #BTC? The primary trend remains northwards. Nonetheless, there are attempts to slow down the upside. This is expected considering the welcomed expansion from mid-January. Conservative traders can still wait for a clear trend definition before committing, targeting $25k, or $21k, depending on the eventual breakout direction. Resistance level to watch out for: $24k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin in Range above $22.5k in a Bull FlagPast Performance of Bitcoin Bitcoin is firm, and buyers appear to be soaking in selling pressure, reading from the BTC price action in the daily chart. BTC is trading above the middle BB and $22.5k, the immediate support level. As it is, aggressive traders can load on dips. However, conservative traders can wait for prices to tear above the bull flag and $24k before doubling down, targeting immediate resistance lines. #Bitcoin Technical Analysis The path of least resistance is overly northwards. There were attempts at lower lows earlier, but buyers have yet to confidently confirm the strong uptrend of mid-January. Technically, once prices break above $24k with expanding participation levels, forcing the coin above the bull flag is when traders can buy the dips, targeting $25k or better. For now, there is a risk of BTC slipping below the middle BB, and $22.5k is a cool-off that may provide sellers an opportunity to ride the emerging trend. Considering the current consolidation, the best course of action is to wait for a clear trend definition above or below immediate reaction levels. What to Expect from #BTC? Bitcoin is boxed in a tight trade range with caps at $22.5k and $24k. Inside a bull flag, a breakout with expanding volumes in either direction may determine the short-term BTC trend. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Slips 6% from $24k, Bears Retest Key Support LinePast Performance of Bitcoin Bitcoin is relatively low, dropping on the last trading day as the upside momentum fades. The coin is down six percent from last week's highs. At yesterday's pace, BTC may post more losses in the days ahead. However, the drawdown could be accelerated should there be losses below $22.5k as BTC melts below January 30 lows. #Bitcoin Technical Analysis Overall, BTC is bullish. The current formation boxes prices inside a bull flag. Still, buyers have a chance, but that could be amplified if BTC breaks above last week's highs, closing above $24. What's required for buyers to take charge is a surge past immediate resistance levels with rising volumes. Should bears take over, BTC could drop below $22.5k and the middle BB by today's close. In that likelihood, the coin may slip to retest $21.5k in a breakout formation. This could allow traders to double down, riding the emerging trend. What to Expect from #BTC? Traders are confident of the coin's uptrend in the medium term. However, for now, buyers must defend critical support. Any confirmation of yesterday's losses may compound the liquidation, forcing BTC to immediate support lines at $21.5k and round number at $20k. Resistance level to watch out for: $24k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Slowing Down, Will BTC Drop below $22.5k?Past Performance of Bitcoin Bitcoin prices might be consolidating in the first few days of February. However, the coin is up roughly 50% from January lows. The token remains in a bullish formation, and there could be more upsides, despite the current rejection. As it is, the immediate resistance is at $24k, while buyers must keep prices above $22.5k for the uptrend to hold. #Bitcoin Technical Analysis Overall, there are hints of weakness after the surge of last month. Buyers still need to conclusively break out, and there are lower lows relative to the upper BB. This suggests waning upside momentum. Notably, resistance remains at $24k while support is around $22.5k. With yesterday's bar closing as bearish with a long upper wick pointing to selling pressure, BTC traders should closely monitor price action. Until there is a breakout in either direction, conservative traders can stay out. Losses below $22.5k will confirm losses of January 30, triggering a sell-off back to $20k. What to Expect from #BTC? The uptrend is defined. However, price retracements are inevitable. After last month's climbs, traders must watch how prices fair in the next few days. A close above this week's highs may see BTC rally, even soaring above $25k. If not, a dump toward $20k could be in the cards. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Bitcoin BTC analysisUpdate from my last bitcoin analysis. Short term bullish (net 3-6 months), long term, we'll see once we retest the red lines indicating resistance & then fall back & hold the white diagonal line, signaling a trend continuation to the upside. If this happens, that's when I'll look to add to my crypto positions. News does't matter to me. I'm a trader. All trades show up in the chart. Talk with no trades taking place = distraction. Only cryptos I'm taking seriously: Bitcoin - just to trade & make money Ripple/xrp - if governments/businesses allow it as payment or the ledger gets used by large investors Solana - only because its used heavily in gaming XTZ - I was in it for the rate of return but they've dropped that from 6 to 3%, so I'm not adding as much Cardona/AAVE - small positions just to see if the tech gets taken seriously (not betting big on these)
COINBASE:BTCUSDLong
by BillionaireTomBoi
BTCUSD (02/02/2022)Bitcoin Intraday Analysis (Bitsmap): As we have been able to see in the macro scale of the charts published in previous weeks, the key indicators in the Bitcoin cycles have been warning us of the theoretical price bottom of around 15K. Today we are going to try to introduce this theoretical bottom with the end of the bear market and the possible introduction in a few weeks of a new period of pre-halving accumulation. Some of my Intraday indicators to show this proximity to new movements are the ones shown in the chart: - Exit of the high selling pressure funds in the PA, introducing new touches in the high area (buying pressure) - Exit from the consecutive lows of RSI introducing new rebounds in the band of maximums or overvaluation. - First cross of MAs moving averages and closeness to the second bullish cross. - Temporary end on a logarithmic scale of the bearish stage ---------- Análisis de Bitcoin Intradia (Bitsmap): Como hemos podido ver en la macro escala de los gráficos publicados las semanas anteriores, los indicadores clave en los ciclos de Bitcoin nos han ido avisando del fondo teórico del precio entorno a los 15K. Hoy vamos a intentar introducir este fondo teórico con el final del mercado bajista y la posible introducción en pocas semanas a un nuevo periodo de acumulación pre-halving. Algunos de mis indicadores Intradía para mostrar esta cercanía a nuevos movimientos son los mostrados en el gráfico: - Salida de los fondos de altísima presión de venta en el PA, introduciendo nuevos toques en la zona alta (presión de compra) - Salida de los mínimos consecutivos de RSI introduciendo nuevos rebotes en la banda de máximos o sobrevaloración. - Primer cruce de MAs medias móviles y cercanía al segundo cruce alcista. - Fin temporal en escala logarítmica de la etápa bajista
BITSTAMP:BTCUSD
by AVNGL01
#Bitcoin Bouncing Higher With Targets at $25k Past Performance of Bitcoin Bitcoin prices stabilized on February 1, initially dumping before pumping in the New York session. Besides technical factors, macroeconomic elements are in play following the decision by the FED to increase rates as expected to 4.75%. Bitcoin remains firm, and the coin may break above $24k in buy trend continuation, shaking off losses of early this week. #Bitcoin Technical Analysis Bitcoin prices are steady in the daily chart and bullish, appearing to resist attempts for lower lows. Still, the coin remains within the bearish engulfing bar of January 30. The good news is that the bear bar of early this week was with relatively low trading volumes, favoring bulls from an effort versus result perspective. Therefore, as it is, and factoring in FED's declaration (a fundamental event), traders can buy the dips, expecting the coin to retest $24k. Considering the current formation, aggressive traders can double down in lower timeframes with targets at $25k in the short term, provided the coin trades above the $22.5k support line. What to Expect from #BTC? BTC looks likely to break the immediate resistance line as fundamentals provide tailwinds. After the bearish engulfing bar of January 30, BTC bulls could reverse losses and align the trend established in mid-January 2023. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BITCOIN price, SP500, FOMC-Fed Funds Rate. Today will be hot🔥In 9 hours (from the moment the idea is published), the FOMC meeting will announce the new Fed Funds rate At the previous meeting on 12/14/2022, the rate was raised from 4.00% to 4.50% And then, the forecast was more than 70% that on 02/01/2023 the rate would be raised by another +0.5%, and on 03/22/2023 +0.25% However, over the past month, US economic indicators have shown positive dynamics , sometimes even better than expected. CPI 12/01/2023 - 6.5%, and GDP with a forecast of 2.6%, - 26.01.23 = 2.9%. Everything was as the Fed wanted and as the markets were "guided". Most financial markets took this news very positively, including the cryptocurrency market. Roughly speaking, the announcement of today's rate has already been "priced in" to current prices. Moreover, 99.7% expect that due to improved macroeconomic indicators, the US will announce a rate hike of only +0.25% today, not 0.5% as predicted a month earlier. And more than 82% believe that the rate will be raised by +0.25% to 5% in total on 03/22/2013. To summarize: - the announcement of a rate within the expected range of 4.50-4.75% will act as a driver for the continued growth of both the SP 500 and the crypto market. Of course, increased volatility is guaranteed, which may be used to try to knock "extra passengers" out of long positions with a squeeze down. - The announcement of a rate of 5.00% or higher is guaranteed to bring down both the SP 500 and the crypto market. How long the fall down will last is "another question". We have depicted these two possible scenarios as fractals. Which one do you like better: blue or white? Vote in the comments SP500 also has two possible scenarios: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
73
Too early to say that Bitcoin has entered a bullish trend?Is it too early to say that Bitcoin has entered a bullish trend? The weekly timeframe suggests that the overall trend might no longer be bearish considering the current price of Bitcoin has broken the upper line of the downward trend line. A factor that could prevent Bitcoin from moving higher is that it is approaching the 200 EMA period, which could be a strong resistance. Furthermore, there is a supply zone at around $24,300 that could pose a problem for the cryptocurrency's short-term upward trend. The narrative on the daily chart is almost the same, with the only significant change for a bullish signal being the closure above the 200 EMA period. On the other hand, the RSI indicator is giving an overbought signal. Currently, Bitcoin is in a consolidation phase in the daily timeframe within the range of the Darvas box.
BLACKBULL:BTCUSD
by BlackBull_Markets
2
Bitcoin is about to destroy the longs!Hello, everyone! Yesterday we had the long trade which brought us the very small profit. I closed the trade manually because price has broken down the low of the bearish reversal bar. You can find this moment in the previous idea’s update. Today we have the potential short trade setup with the very tight stop loss. 1h time frame of the BINANCE:BTCUSDT chart is showing us that the yestrday’s pump is likely has been ended. First of all, the Awesome Oscillator shows the decreasing momentum which means that bears took control in their paws. Also we have the fractal level at $22919 , if Bitcoin price will break this level I am going to execute the short trade with the stop loss at $23173 becuase the second up fractal is placed there. The profit target I chose randomly. Using the classical technical analysis we can see the triangle pattern which has been broken to the downside. This is not reliable sign for me, but it’s also the bearish sign. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
13
Will Bitcoin give us this long trade opportunity?Hello, everyone! Let’s continue our trading journey. Yesterday we had the successful short trade on Bitcoin, but tonight it gave us the early reversal signal, that’s why I decided to close the trade in solid profit and wait what the market will give us. Let’s take a look at the 1h time frame BINANCE:BTCUSDT chart. We can see the bullish reversal bar at the very bottom. This is the simply the bullish hammer with the large angle with the Williams Alligator red line. This was the first valid signal that the downtrend is weakening right now. Moreover the BTC has already created the first fractal above the red line. If it will be able to overcome this level at $22998 we can use the long trade setup pointed out on the chart. In case of losing support at $22738 we can open the new short trade because the potential trend reversal is not valid anymore. Anyway we should not try to predict the future, just trade the current market situation. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
3
#Bitcoin Closes January Firmly, Will BTC Break $24k?Past Performance of Bitcoin Bitcoin is firm when writing, looking at the performance in the daily chart. There were concerns that the coin could edge lower after the sharp correction on January 30. However, per the chart, BTC is relatively steady, and bulls managed to soak in selling pressure yesterday. Whether this could be a precursor for more gains is yet to be seen. How prices move today might shape the medium to long-term formation of the coin. #Bitcoin Technical Analysis From the daily chart, buyers are in control. The drop of January 30 may have meant traders were taking profit. Since prices are above the $22k and $22.5k support lines, aggressive traders might accumulate on every attempt lower. Even so, conservative, risk-on traders can wait on the sidelines until prices either breaks above $24k in a bullish continuation or drop below January 30 lows. In that case, BTC may drop to $21.5k in a retest. If buyers take over, BTC may float past $25k to $30k in the medium term. What to Expect from #BTC? Bulls are confident, but events early this week mean some might be posting cautiously. How prices react between $24k and $22.5k would define the coin's trajectory. It will be a relief if buyers take charge, allowing traders to accumulate their longs. Resistance level to watch out for: $24k Support level to watch out for: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin is forming the bull trap right now!Hello, everyone! I hope you enjoyed my last two trades, it were extremely risky, but we took very nice profit. I have completely changed my mind about trading. As you know I have lost significant amount of money, shorting the market during current bull rally. It was the moment where I fully understood that market is unpredictable. That’s why I also revealed that Elliott waves are needed not for entering position and predicting the future, but for the verification if the market is in impulsive or corrective wave right now. I was too self-confident using waves and forgot about other Trading Chaos tools. Now I started to use them all. We have 1h time frame of the BINANCE:BTCUSDT chart. The price hit exactly my target for the long trade and started local retracement. Now we can see that it has already formed two up fractals and one downfractals. It means that we have the fractal signals for both sides, long and short. Looking at the higher time frames we can notice the multiple bearish divergeneces. That’s why in my opinion the long trades now are risky. I will remind you, divergence is the greatest predictor that the wave 5 has been ended. It is not the signal, just caution. What about potential trades? We have the key fractal level $23564 . If the price will break this level I am going to open short with the stop-loss above the second up fractal $23893 . take profit I am going to place at $22575 . But we have to watch out carefully the moment when price approaches the crossover of the trendline support and resistance, we can see the reaction from there. If the signal will be activated it is going to be under the red line of the Williams Alligator indicator. It confirms the signal’s validity. Awesome Oscillator has also shown us the short signal, which enhanced our thoughts. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
#Bitcoin Cools Off After Retest of $24k, Is The Bull Run Over?Past Performance of Bitcoin The near 50 percent rally from Q4 2022 lows might be coming to an end, reading from the current price performance. Bitcoin prices recoiled from around $24k, sharply reversing January 29 gains and forcing the coin lower. Even though the $22.5k support remains intact, the spike in selling volumes yesterday could point to weakness. #Bitcoin Technical Analysis The retracement on January 30 comes after momentum tapered. The bearish engulfing bar of yesterday has high trading volumes and is wide-ranging. Before the contraction, there were lower lows relative to the upper BB, forcing prices back to last week's trade range. As it is, traders may look to take profits. Bears could be back in control if BTC breaks below $22.3k, marking last week's range. In that event, BTC may slip to January 20 lows at around $21k. What to Expect from #BTC? The path of least resistance remains northwards. Still, after such gains, a retracement is inevitable. As a result, the odds of BTC falling back to $21k, or lower, remain high. This preview will shift if there are gains above $24k, with expanding volumes reversing yesterday's losses. Resistance level to watch out for: $24k Support level to watch out for: $22.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1