BTCUSD Bybit Chart Analysis September23
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 23 th.
The upper part is the movement after the final finish on the 17th.
For more details, please refer to the comments.
Light blue finger movement path -> $47158.5 final long position switching
After crossing the red support line without departing from the danger zone
Breaking the green resistance line -> Achieved up to $1613.5 profit section
I left the pink line in the closing price gap in the futures market.
The problem is after the crash.
After the weekend, 20 day move.
It's a 4 hour chart.
If you look to the left, when the sky blue support line is broken
The next support line is marked at $38370.
Below is the deep blue support line.
Breaking out of sky blue support line -> Weekend Gap Reversal.
There was a strong plunging up to $7522.
4 hour chart
Today's approximate Top and Bottom prices are displayed.
In a big trend, the week candle , the month candle.
MACD Dead Cross is pending.
Because it can be very dangerous
Today, before and after breaking the purple support line
Red Up trend, Light Blue Down trend We created today's trading strategy
30 minute chart neutral strategy
the current position
Bollinger Band 4 Hour Central Line + Phonetic Section
There is some support line up.
But , It is a dangerous place where the downtrend can accelerate at any time.
And sideway move It's a high possibility.
I made a strategy by focusing as much as possible
I added an orange parallel line.
A vertical decline or a break from the green support line today could be dangerous.
* When the red arrow moves
long position strategy
There is still the possibility of an upward trend in the pattern.
Because it may continue to rebound without adjustment
Final purple support line, focus only on long positions
$43546.5 Long position entry section / Stop loss price when the purple support line is broken
The final target is $46802.5
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
Check for a rebound from the initial purple support line
In case of inconsistency, prepare for a vertical decline or a downward trend
or 43463 Short position entry / Stop loss when the orange resistance line is broken
Final $41296.5 long position switching / Stop loss when breaking the orange support line
A long-position target becomes an orange resistance line.
If the breakout fails, further declines may occur after tomorrow.
I can shake it up and down today
Those who are not in a position based on the purple support line / Spot exchanges, please watch the match or the final one-shot, one-kill game.
I would like to recommend
on a downtrend basis
From a big perspective, we need to break through both the red resistance line -> the sky blue resistance line.
It will be a safe zone
As a downtrend characteristic, if it does not break through this section, a downtrend may continue.
Please note
Principle trading / Stop loss is essential, operate safely
Thanks for reading.
1-XBTUSD
BTCUSD Bybit Chart Analysis September17
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 17 th .
This is the movement after writing the analysis on the 16th.
The green/red support line is break away.
The sideway move is finished along the orange parallel line
stoploss finish.
4 hour chart
Approximate top price and bottom price are displayed
Because the 4-hour chart MACD deadcross is also in progress.
There is a very high chance that side way move.
But Ignoring sideways,
We've marked the trend with the greatest likelihood of occurrence today.
Green resistance line / purple support line, starting with a small convergence section
Check the red up and sky blue down movement paths
I made today's trading strategy
This is a 30-minute chart short position strategy.
As mentioned above, there is a high probability of a decline no matter how you look at it.
The current position is the day candle center Line section,
but in a big trend, it is also a short position operation section.
To break through this section, up ward without a strong wave or adjustment.
I set the red arrow to the variable level
First, we focused on the 4-hour chart MACD dead cross.
* When the red arrow moves
Breakthroughs should continue in strange shapes without adjustments
Today's green resistance line is going to be the key.
48152.5 USD long position / Stop loss when the purple support line is broken
The final target is the Top Oral.
When this section is reached, an uptrend can be connected.
You can continue the trend while correcting your stop loss
* When the light blue finger moves
Short -> Long Switching Strategy
creating a downtrend
Depending on the intensity of the first rebound
$47652 short -> confirm a rebound from $46722
(If the rebound is successful, the green parallel line will finish the right-down sideways trend)
Final $46125 long position switching / Stop loss when breaking the sky blue support line
The bottom section is also today's major rebound section.
In my experience, it is easy to give a seat so easily.
It seems that there will be many difficulties in operating the spot exchange due to the recent sideways movement.
If you are not entry in
Look at the upward and downward direction, and persevere until the timing to enter the long position.
We recommend that you enter the final
Don't forget to buy in principle / stop loss is essential
have a nice weekend everyone
thank you
BTCUSD Bybit Chart Analysis September16
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 16 th .
This is the movement after the final finish.
red arrow select path
After breaking the orange resistance line, it ended up-ward.
Overall, it was a sideway move.
It was not possible to reach the final target at the top due to lack of waves.
We landed on the final target, the Day candle Ceter Line.
It is a profit section of up to $ 1216.
Overall, the long position strategy was successful.
4 hour chart
Today's approximate Top and Bottom prices are displayed.
(In the pattern, by touching the sideways section, the level of the red resistance line
It seems to be the final target for a long position, daily goal is the largest variable)
In simple terms,
Green parallel line strong rise
red parallel line to the right
Rebound after adjusting the sky blue parallel line
Red top, sky blue bottom
Created today's trading strategy
30 minute chart long position strategy
It's a one-way strategy.
just in case you don't know, check the sky blue finger section.
All conditions are met to rise today based on a large trend.
The analysis was conducted focusing on the green parallel line.
Safe section up to the red support line
The orange parallel line is side way move.
* When the red arrow moves
long position strategy
$48738.5 Long position entry section / Stop loss when breaking the green support line
The final target is the Top 50953.5.
You can continue the trend with a Stop Loss correction when reached.
* When the light blue finger moves, it is expected that it will go right or polar sideways.
$47716.5 Long position entry section / Stop loss when breaking the red support line
I think the final target will be around $49396.5.
It is a spot exchange
Even if you look at it roughly, it seems that good moves will come out of ETC Altcoins before 9pm.
I think it will be about a major altcoin switching at the time of entering a long position.
Today's safe zone is the red support line.
Please pay attention to the downward direction when leaving
Principle trading / Stop loss is essential, operate safely
I'm late today, so I'm off work without further comment
thank you.
BTCUSD Bybit Chart Analysis September15
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 15 th .
This is a move after the closing of the private on the 14th.
Following the orange parallel line I drew
Sky blue resistance line -> red orange resistance line
Right side finished
Unfortunately, we did not reach the top section indicated.
This is the maximum Profit of $2007.
More details will be discussed in the analysis section.
4 hour chart
Today's approximate Top/Bottom price is displayed.
Orange parallel line strong rise
green upward
to the red danger zone
have an approximate travel route
I made today's trading strategy
30 minute chart long position strategy
* When the red arrow moves
long position strategy
now at a very important point.
The red/green resistance line is a difficult spot to break through at once.
48159 Long position entry section / Stop loss when breaking the green support line
The final $50981 top section is the target.
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
Basically, check the shape of the support line,
It is advantageous to focus on long positions.
(Green support line up and down sideways)
The rebound is not good
If you continue to walk sideways,
$46,768 short position switching / Stop loss when the left all-high point is exceeded
Final $45,118 long position switching / Stop loss when breaking the red support line
It is a spot exchange
Today is the standard that does not deviate from the green support line.
It seems that there is moderate pumping in ETC Altcoins.
Paying attention to the movement,
If support is successful on the red arrow or the green support line
In the same way, you can switch to major altcoins.
Don't forget to buy in principle / stop loss is essential
Fighting today
thank you
BTCUSD Bybit Chart Analysis September14
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 14 th .
The final deadline is September 13th.
follow the arrow path
44564.5 Long ->
45778.4 Short ->
43324.5 long switching
It is a profit section of up to 7,200 dollars round trip.
All the movements that I had envisioned in my head for a long time came out.
After the touch at the high point, I expected a downward trend.
In a short time Connected to Whipsaw
The strategy was absolutely perfect.
Beginners, do not aim in both directions.
Only one direction, those who refer to the analysis
I think it might have been of some help to you.
Congratulations to all who made a profit.
4 hour chart
Today's approximate Top/Bottom price is displayed.
Within the convergence zone of the green support line and the light blue resistance line.
Red movement route up / Sky blue movement route down
The direction seems to be determined.
So far, the downward trend is strong.
If Breaking the red support line ,
The next support line will be around $38370 at the bottom.
Please note
I made today's trading strategy with the above conditions.
30 minute chart neutral strategy
Create additional purple parallel lines / pink overshooting sections
It seems that the direction will be determined around the breakout of the orange resistance line.
* When the red arrow moves
long position strategy
along the purple parallel line without adjustment
You can keep scrolling to the right.
However ,
The final target seems to be the top section of the Ilbong Jungang Line.
resistance is gathered
There may be a temporary strong rebound, but
Personally, I don't think it's going to go smoothly.
$45009.5 Long position entry section / Stop loss when breaking the green support line
Final target is $48002.5
Short stop loss is short when reaching, and short position operation seems okay.
* When the light blue finger moves
Short -> Long Switching Strategy
Because it can flow to the right without a rebound like yesterday.
Short -> long switching or long position wait seems advantageous.
Sky blue finger section at the bottom
If the rebound from $44,444 is not good, it is expected to move downwards to the right.
If there is one rebound
45387 Short position entry section / Stop loss when the pink resistance line is broken
(It is advantageous to keep the Stop Loss short because it can be connected with an uptrend)
Final $43236.5 long position switching / Stop loss when breaking the red support line
When the red support line is broken / In case of a vertical decline, the next support line is as shown.
It will be around $38370
It is a spot exchange
Check if the purple support line is broken
Check if the maximum green support line is broken.
It seems advantageous to watch the final at the top section target at the top.
Then today
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you
BTCUSD Bybit Chart Analysis September13
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 13 th .
This is the movement after the analysis on September 10th
Green -> After breaking out of the sky blue support line
Couldn't reach the "bottom section" and ended up going downward sideways.
Unfortunately, I couldn't reach the desired point.
Trading strategy is in the process of cancellation
On the weekend, there is movement in sideway move.
In the morning at the gap difference return.
More details will be discussed in the analysis section.
4 hour chart
Today's approximate Top and Bottom prices are displayed.
In ballvan standards
The ascent section is the maximum BB 12 / Daily central line.
Because the support line at the bottom is open
When the sky blue support line is break through,
the bottom section It can be dangerous because it can be opened
based on the purple support line
red top / sky blue bottom
I made today's trading strategy
30 minute chart neutral strategy
My current location is right in the middle.
It is also a section where resistance is concentrated in an uptrend.
Because the lower part is open as a whole and it is ichimokcu Blue cloud
This is a spot that can be connected with a downtrend.
It is an up and down trend strategy that ignores sideways.
Today, a breakout from the bottom of the green support line could lead to a significant decline.
* When the red arrow moves
Long -> Short Switching Strategy
Because the resistance line is overlapped at the top
Touch and breakout attempts can lead to a vertical rise
$46667 Long position entry section / Stop loss price when the purple support line is broken
The final target from $48022 (12 hours / near the daily peak center line) marked on the right to $48966.5
If the trend dies from this section
You can also switch to a short position.
Because it is a difficult section to break through at once
Stop loss and operate short positions
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
When the purple support line is reached, will it continue to push downward?
Whether or not the rebound will be strong is important.
With a strong rebound in the
When connected with an uptrend along a purple parallel line,
$48022 Final Target (Upward and Lateral Guaranteed)
On a clumsy rebound
$45638.5 short position switching / Stop loss when the green resistance line is broken
Final bottom section $43436.5 Long position switching section / Stop loss when breaking green support line
When you get this far,
Depending on the rebound or damage, you may continue to take an additional short position.
In case of strong rebound, after long position switching
Breaking the red resistance line is important.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you
BTCUSD Bybit Chart Analysis September10
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 10 th .
This is a move after the final finish on September 9th.
Overall, there is little to no wave.
I expected sideway move.
In the black finger section in the lower left corner
Simultaneous touch of the support line for 30 minutes and 1 hour followed by an upward wave.
While breaking through the pink overshooting section
Because the wave came out stronger than expected
The strategy has been cancelled.
(up ward sideway move.)
1 Hour Support VS 2 Hour Resistance
Changed from a short-term trend to an uptrend
Let's take a look at the whole.
4 hour chart
In order to recover to the section where it fell again
Because there is no proper support line.
Vertical rise or ball van 4 hour chart center line -> after touch resistance line
have to endure the return adjustment.
I checked today's approximate top price and bottom price
Within the red resistance/green support line convergence
The direction seems to be determined.
This is a section where you have to be careful today.
30 minute chart neutral strategy
purple strong rise
green right
It is a dangerous section from the light blue support line,
A breakout may reach the red support line.
* When the red arrow moves
Short -> Long Switching Strategy
$47880.5 short depending on the situation / Stop loss when the purple resistance line is broken
46847 Long Switching / Stop Loss When Breaking Green Support Line
(I took the stop loss as easy as possible, even to the possibility of sideways trade)
After that, the final Top section is the target
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
The green support line is just a sideways direction,
This is a safe support line.
$45853 Long position entry section / Stop loss when breaking the green support line
If the rebound is not good, it will be near the central line for 30 minutes.
full shot
If normal,
$47203.5 short / Stop loss when the red resistance line is broken
Breaking the red resistance line
Following the green parallel line, it will go right and sideways.
After that, until the lower tail adjustment, $44986 long position switching / Stop loss when breaking the sky blue support line
At the spot exchange, pay attention to the green support line.
Courageous people, only when the arrow moves
While aiming for job-alt circulation pumping, it is the same only in the long position entry section.
major switching
It seems important to correct the stop-loss price or repeat it after liquidation and waiting for cash
Principle trading / Stop loss is essential, operate safely
I hope you have a nice weekend
thank you.
BTCUSD Bybit Chart Analysis September 9
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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 9 th .
This is a move after the closing of the private on September 8.
More details are in the comments.
According to the existing sky blue finger movement path
* $46621.5 short / up to $2262.5 profit section
* $44427.5 Long Switching / Up to $2473.5 Profit Section
Total $4700 profit.
After that, it was finished sideway move along the pink parallel line.
The final wave is based on the 1-hour support vs the 30-minute resistance level.
It is a downtrend
More details will be provided in the analysis.
4 hour chart
Today's approximate Top/Bottom price is displayed.
Green resistance line / purple support line within the convergence zone
The direction seems to be determined.
red top / sky blue bottom
I made today's trading strategy.
30 minute chart neutral strategy
* When the red arrow moves
long position strategy
$46211 Long position entry section / Stop loss price when the purple support line is broken
Green resistance line -> after breaking through the pink resistance line
Connected to the 4-hour chart MACD Golden Cross
The final target is the Top section
Additional adjustments may be made from this section onwards.
Based on the high point of stop loss, short position operation looks good.
* When the light blue finger moves
Short -> Long Switching Strategy
$46211 short position entry section / Stop loss when the green resistance line is broken
(If you do not touch the 30-minute resistance line, there may be a vertical drop)
In the event of failure to break through an additional high thereafter
(Approximately the expected range of sideways protection when the green resistance line is broken)
$45494.5 short position entry section / Stop loss when breaking through the green resistance line
Final $42937 long position switching / Stop loss when breaking the sky blue support line
In case of spot exchange, if it is not judged by arrow movement path
Or, depending on the situation today, cash waiting seems advantageous.
hold positions ,
It is dangerous to break the purple support line, so be careful.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you
BTCUSD Bybit Chart Analysis September 8
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 8 th .
This is a move after the final finish on September 7th
Additionally, in the case of yesterday
Before writing the analysis, there is no wave
Downward -> vertical drop -> vertical drop proceeded.
4 Hour Chart -> 6 Hour Chart -> Sun Candle Chart ->
The 12-hour chart MACD dead cross proceeded in order.
It was a big short.
In the first analysis in the morning,
It is difficult to estimate this degree of decline
was a variable
Even in the parallel line standard, the support section was up to 46,000 dollars.
I saw that 3400 was pushed back.
It wasn't an easy place.
It would be good for you to refer to.
4 hour chart
For the sake of time, let me explain only the main sections.
Today's approximate Top and Bottom prices are displayed.
It seems that the direction will be decided before and after the breakout of the green resistance line.
*Pink overshooting section
Red Up (Upward Without Adjustment) / Sky Blue Down
Created today's trading strategy
30 minute chart neutral strategy
It's hard to focus on the long and short.
It is on the verge of an uptrend from the major support line.
Below the 30-minute chart support line, the downside is open.
The small convergence section looks like the direction will be determined based on the orange resistance line / purple support line.
* When the red arrow moves
Short -> Long Position Switching Strategy
For those who are maintaining the existing long position, the target is whether the pink resistance line is broken or not.
$49496.5 Short -> $48005.5 Long Position Switching / Stop Loss When Violet Support Breaks Out
Today's purple support line can be seen as a lifeline.
Deviation may lead to decline
The final target is $50987.5, after a forced drop yesterday
A V-shaped rebound is possible and is around 4-hour resistance.
Because the price was forcibly lowered by ignoring the chart in the competition
I don't think it's impossible
* When the light blue finger moves
Short -> Long Switching Strategy
Ignore sideways because it's open on the bottom
I just went with the trend.
$46621.5 short / Stop loss when the green resistance line is broken
$43533 long position switching / Stop loss when the red support line is broken
Here, the red parallel support line is
It is the minimum rebound condition in a big trend, and if it does not break out
It will take time, but it can turn right
It is a spot exchange
Today, only on the path of the red arrow
Job Alt -> Major switching strategy
Note the purple support line
As you can see today, the video seems impossible, so don't wait.
Don't forget to buy in principle / stop loss is essential
Thanks for reading
BTCUSD Bybit Chart Analysis September 7
Hello ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 7 th .
This is the move after the private comment on September 6th.
Polar sideways were in progress, and after Whipsaw at the end
The right-of-way has been completed
Green parallel support line -> movement near the resistance line.
You have to watch for up to a week until the gap section at the bottom.
In case there is no return
Please note that this may be a signal of a strong trend change in an uptrend.
4 hour chart
Today's approximate Top price, Bottom price,
The lines may look a little complicated.
But , It is not difficult to distinguish
* purple parallel line strong rise
* Green parallel line to the right
* Red parallel line support line, danger zone
Red up trend /light blue down trend movement path check
Created today's trading strategy
30 minute chart long position strategy
Violet parallel line strong rise / Rebound after whip saw
We focused on two movements.
* When the red arrow moves
long position strategy
$52968.5 Long position entry section / Stop loss price when the purple support line is broken
(Depending on the situation, there may be a rebound without giving an entry seat)
The final target is $55698.5 in the Top section.
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
After the upward trend on the condition that it does not break the purple support line
53358.5 Bull Saw / Stop loss when breaking the red resistance line
$52194.5 long position switching / Stop loss when breaking the green support line
If this happens, the blue resistance line in the upper right corner will be the final target.
According to today's situation, even in the spot exchange
Is it the red arrow moving path /
Determine if it is the blue finger movement path
Based on the major alt, the timing of entering the long position
I think you should focus on
Principle trading / Stop loss is essential, so please operate safely.
thank you
BTCUSD Bybit Chart Analysis September 6
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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 6 th .
This is the move since last week's final finish.
Where further declines are expected , There is a V-shaped rebound.
Proceeded according to the direction of the arrow
Unfortunately, the top section cannot be reached.
The wave ends sideway move as the wave decreases.
After breaking out of the orange support line,
After going sideways, there was a strong rebound in the morning.
pink weekend at the bottom gap difference check.
For now, we have touched the daily resistance line, so we have an uptrend.
Daily chart MACD Golden Cross is engraved
4 hour chart
Today's approximate Top/Bottom price is displayed.
around the purple support line
1. Ignoring the weekend gap diffrece
Daily chart rebounds strongly with MACD goal
2. In case of Break away,
it is about adjustment until returning to the gap difference section.
created a strategy
30 minute chart neutral strategy
.
* When the red arrow moves
long position strategy
$52430 Long position entry section / Stop loss price when the purple support line is broken
Perhaps if a variable appears in this section
Couldn't reach the purple resistance line
After going sideways, 1 hour chart MACD deadcross engraving
There may be whipsaw, so be careful.
The final target will be the Top price at the top
If there is an additional rise after tomorrow,
Purple Resistance Overshooting Zone at Highs
If it perfectly breaks through the sky blue resistance line
It is not a downtrend line that has not been broken so far.
Breaking the uptrend line
It seems important in what form it will rise to the maximum main chart resistance line.
From the touch of the resistance line, it seems that it will be the deciding section of whether to go or not to go to 100 million.
* When the light blue finger moves
Long -> Short -> Long Switching Strategy
Dropping sharply after being whipped, or breaking the support line one by one in a downward-right direction , Down trend.
Because it is possible to return to the gap section at once
50529.5 USD After long entry / Stop loss when the green support line is broken
(1 fake rebound)
$51502 short position entry section / Stop loss when the red resistance line is broken
Final $50039.5 long position switching / Stop loss when breaking the red support line
Today's strategy is here
Principle trading / Stop loss is essential, I hope you operate safely.
thank you
BTC Breaks Long Term Trend As Tesla Ditches It-BTC has fallen to a two month low as Tesla announces suspension of BTC payments
-150 MA has held BTC from a further downfall
-Bullish divergence spotted on RSI
Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly fell over 15%. BTC is now is now in scary waters.
While looking at the chart, BTC has broken a long term trend that has been held for nearly 6 months. This is not a good sign as there is much FUD spreading about Bitcoins environmental impact. BTC must hold major support range of $46,500-$48,000 or we can experience a large fall to $40,000. As of now, the 150MA has held the price of BTC as it touched this moving average for the first time in 6 months.
If BTC can break above $48,000 and hold, there will be a decent revival to $51,400. In the case that BTC holds this resistance, next up is $54,400. BTC has grown over 1000% in a year. With this being said, there is a good chance more downside might occur before BTC resumes a bullish uptrend.
Whil looking at the Stochastic RSI, we can see that strength has reset to oversold levels. If the strength can bound above 30, expect a revival to minimum $51,400. The regular RSI also confirms a small bullish upswing as it has printed a bullish divergence. This occurs when price makes a Lowe low but RSI makes a higher low.
BTC intraday levels
Spot rate: $48,100
Trend: Bearish
Volatility: High
Support: $46,400
Resistance: $48,000
Bitcoin 4hr analysis 3-14-2021Good morning Ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4 hour time frame pulled up after holding onto 60 K more or less throughout the day yesterday. I guess we can pat ourselves on the back for that. Meanwhile we do have some bearish news that I will address through this analysis. I also have some good news as well so we can focus on both and you can make your own mind up. I am fresh off of a 3 day ban via Facebook so I am happy to be able to finally post again. I have missed you all dearly. Anyways let's take a look at the chart and see what we can see.
So we are just below 60k at the moment. Nothing to get freaked out about. We have been floating above and below 60k the entire time I have been looking at the chart this a.m. As you probably all know the weekend is typically lower volume when compared to the Monday through Friday work week. More people tend to trade during the week and exchanges like CME flat out close on the weekend. This is where the bearish news comes into play. I guess we can focus on the bear news first. That way we can have a happy ending.
The bear news isn't devastating or anything but it does signal that a drop could be in order on Monday. We will just have to wait and see how it plays out. We all know that we experienced a rise over the weekend of a few thousand dollars. This typically results in a bearish gap. These gaps form on the CME during the weekend when the price rises. The CME closes Friday at whatever the price is at the close {This past Friday the close was close to 57250 according to the CME chart } and the price right this second is 60k approximately. That makes a nearly 3k gap below us which may cause quite a dip Monday morning. Let me say this.. Not all dips are created equal so do with this information what you will. This is just a warning to watch the charts. Those gaps fill more often than not within 24 hours.
Okay enough about gaps. Especially the bear gaps. Lets talk bull. We are above the set up on my chart. As my buddy Ernie Villz would say, "The path of least resistance seems to be up." That means there is a lot more evident support than resistance. This alone can give traders the confidence to long an already overbought market. That is what fomo does. I saw it in 2017 and this pump seems different. I guess due to the fact that it was a perfect storm really. Let me explain.
1 year ago almost to the day we dropped. HARD. We fell from 10500 USD to 3800 in a matter of 48 hours. Quite the dip. If you took that dip {percentage wise} and applied it to the price today we would drop from 60k to 24k respectively. That would be a blow to morale lol. Just want to give you an idea of what it was like to be in the market 1 year ago. Watching a wallet lose 65% over the course of 2 days was not easy... Let me tell you. But look at it now. I bought more around 4k. Best investment I have ever made. But since that drop volume came roaring back. The halving occurred less than a year ago and that assisted the pump. Couple that with stimulus payments and inflation along with breaking 20k and other key resistance along the way and you have a recipe for an explosive market. Proof is in the pudding!
The gap I drew on the chart is conditional. If the weekend closes around 57800 there likely wont be a gap. Anything can and usually does happen in this market so be prepared for anything folks. Set a stop loss. There is no excuse not to. Unless you are long term holding and in that case you need to find some cold storage. Bybit is great and so is Ledger. Cold storage is safer than an exchange wallet by miles. A little security can go a long way. Problem is most people dont care about security til its too late.
I missed you guys over the last 3 days.. But Im back today and I will be sharing my analysis again as usual. Stimulus checks are hitting US citizens accounts as I type and that could provide a pump to the BTC market. That is why I would be careful with that gap. Maybe we will fill it right away. Maybe not. I see gaps that have been on the chart for years. So not all gaps fill like their brothers. Some fill in minutes and some take years apparently. Maybe it will never be filled? Anyways I hope you all have a great day! Make good choices my friends and always remember WTFDIK???
TLDR: Bulls are fighting to keep 60k. We may have a bearish gap to start Monday... {Closed Friday around 57800 and current price is 60 so that is a few thousand dollar gap} Just keep an eye on things. If that gap does fill its a great opportunity to make a quick profitable trade to start off your Monday!
Bitcoin 4hr analysis 3-7-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr time frame pulled up again after a decent bounce. We are in much better shape than yesterday and things look prime for another possible higher high. Anyways lets take a look at the charts this a.m. and see what we can see.
The bulls woke up early today apparently and they decided the 4hr 200 MA was the time for a pivot and climb above support. The very same support that was resistance yesterday. The 4hr 50 MA is below us now along with the 4hr cloud. All bullish occurrences. But the real test is on at the moment. We poked out of the top of the triangle on the chart but we really need that confirmation candle to close to ensure the break is legit. And the current 4hr candle has 30 mins left its life so lets see if it can remain above the cloud and the triangle.
One can clearly see that the 4hr 200 MA is strong support as the last 2 times we approached the indicator you had a real shot at entering a profitable long position. This is something you should take notice of in case we end up in a situation where we test other indicators such as the daily 50 MA and the daily 200 MA. With the reliability of the 4hr 200 MA very evident I imagine the daily will be even stronger. The daily time frame is the most important of all time frames imo.
So now that we broke above the triangle (and the cloud to boot) We have clear skies above us. That is if we can manage to stay above support and 50k. I see a bearish gap on Monday due to the recent rise But that will be more clear to me in the morning. Things are looking really good to start the week.
With the stimulus bill passing through the govt passing we can expect some of that money to enter the crypto market. I am not saying we should expect a trillion dollars in new volume but I will say I do expect some people to throw their money into the market. We see directly after approval of the stimulus the market responds positively. One reason could be due to the influx of new volume or the fact that inflation will almost surely cause the price of BTC to rise while the USD loses value.
I really hope we can hold onto this bullish break this morning and as people decide to exit their slumber and look at the charts they may fomo into the market seeing this break. But this is pure speculation at this point. What we do know is we broke above the 4hr 50 MA, the 4hr cloud, and the triangle pattern we were stuck in for weeks. All bullish! So lets make this week a good one! Make good choices yall! And always remember... WTFDIK???
TLDR: Sunny skies, no clouds. Bears sleeping in. Life is good
Bitcoin 4hr analysis 3-6-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr and things are going like I assumed they would since I recognized this pattern. Support and resistance are clearly defined and now its just a matter of escaping this consolidation! I am going to try something a a bit different today and accompany this analysis with a video analysis. So I may not type as much. I know that will break some hearts LOL :) Anyways lets take a look at what is happening.
The consolidation is real! We are stuck in the cloud as I type and this has been the case for 4 days now. That shows how reliable of an indicator the "ichimoku cloud" can be. When you enter the cloud its not so easy to escape and that is what we are seeing here. If we can exit the top of the cloud the bull market should be alive and well but if we fall out of the bottom... Well all I will say is set a stop loss.
This week has been pretty flat in terms of price movement. I guess we are spoiled as investors and are used to several thousand dollar swings in this market. But a little breather may be what the market needed? Only time will tell. Stimulus talks are going on as I type and that could add more capitol to the market. Along with devaluing the USD through a massive printing effort. I mean if they are going to inflate our currency we may as well buy BTC and benefit from their short sightedness.
We broke out of the 4hr cloud this week but the support didnt hold unfortunately sending us right back into the clutches of the 4hr cloud and we have been stuck there for the majority of this week. Right now the saving grace happens to be the fact the 4hr 200 MA (blue line) is right at the bottom of the cloud. This means double support which should remain strong through the weekend I imagine. That is if this strong support holds. If we lose the support all that stands between us and a real dip is the support of the former ATH at 42k...
I will say this, I really hope the bulls have a few giant green candles up their sleeves. But I will not be greedy. I will stick to my plan and if I decide to enter a long you better believe I am entering my stop loss right after. Right now is not the time to be cute with your bags. If a dip is coming you should be ready. Another thing I should mention is get cold storage. If you plan to sit on BTC long term start thinking more about security. Cold storage is so much safer than storing in a hot wallet (exchange or wallet app off the playstore that looks sketch af) Learn to protect your investment. If you lose your $$ you want it to be because of your awful trading, not because some jerk phished your pw away... I hope you all have a great day and make good choices! WTFDIK??
TLDR: Bears suck. Cmon Bulls lets roundhouse kick these bears back into their hibernation caves
Bitcoin 4hr analysis 3-2-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a nice little bounce from support. Can the bulls keep the momentum going though? We have retaken some lost support so things definitely look better today than yesterday in my opinion. Anyways lets take a look at the charts.
I can see that since I fell asleep last night the bulls led the charge and retook the 4hr 50 MA. Nice work bulls! That was a big step towards extending the bull run. Although we are not quite out of the woods yet. The 4hr cloud is current resistance and if we cannot muscle our way above the 4hr cloud this mornings recovery may be short lived.
So we are sitting just below 50k and things look decent. The resistance of the 4hr cloud vs the support of the 4hr 50 MA. I can tell you that if you plan to long this set a stop loss. This is the most important time to set a stop loss as the market truly could go either way and you should be prepared for that.
Taking a closer look at the 4hr and a number of candles back we had a nice bounce from the 4hr 200 MA. This is why I enjoy using the indicator. The 50 MA and the 200 MA have always been quite reliable in my trades. So after seeing that bounce from the 200 MA and seeing us retake the 4hr 50 MA this may give traders the confidence needed to go long. Confidence is always abundant when support is abundant and right now we have a nice amount of support directly below us (on the daily and the 4hr)
So if we can muscle our way up above the 4hr cloud we have a real shot at another pump to a possible new ATH. Only time will tell for sure. I will be watching the charts today to see what the bulls do with this new found support. I hope you all have a great day folks! Make good choices! And always remember WTFDIK???
TLDR: Bulls woke up early and retook the 4hr 50 MA. We need to retake the 4hr cloud next to keep the momentum moving. Cmon bulls!
Bitcoin 1 day analysis 2-28-2021Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up and I can see we are holding on to 45 K by the hair on our chinny chin chin. Weekends are known for being low volume event so this doesn't surprise me too much. But will Monday result in a green candle or two? That's the question on my mind. Let's take a look at the chart...
I still say there is a lot of support between 42 and 45 k and that coupled with the 50 ma being below us I am still ultimately boys although I have made sure my stop-losses are set accordingly. We are currently just below 45k but with this in mind we may have a bullish gap above us Monday. Only time will tell if this results in a bullish start to the month of March but as you all know I do like playing gaps so I will be watching.
In my opinion if we were to lose the support of the daily 50 MA or 42k I would likely be bearish. Let's see how the daily, the weekly, and the monthly close tonight. Lots of big time frames ending cycles so it is certainly something we should watch.
The way we can turn back bullish In my opinion is to retake the 4hr 50 MA. I love the 4hr time frame and when I saw us lose the support of the 4hr 50 MA I was discouraged. Now I will be watching the 50 MA on that daily time frame. Of it holds I believe BTC is still bullish. If not we could see those lower highs that are so common in a bear market.
I would love another Bullish month (March) but I'm not holding my breath. The writing is on the wall for bulls and im not saying we are going down yet. But I am saying set a stop loss. Many alts took a hit overnight. But there is still a chance that the bulls can flip the script. I hope you all have a great day! Make good choices! And always remember WTFDIK?
TLDR: Wake up bulls and let's retake the 4hr 50MA. Someone wake Musk up and tell him to tweet something bullish lol
Bitcoin 1 day analysis 2-27-2021Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up as it is really doing well with my trading set up at the moment (50 MA, 200 MA, Cloud) The bears have made their presence known once again as the candles dropped from roughly 60k to 45k in a matter of days. I know that this price movement may be scary to you noobs but this is actually quite common with BTC. Anyways lets take a look at the charts.
We are currently cruising along right above some key support that really needs to hold if we expect this run to stay alive. The 4hr 50 MA was lost over this week and that is bearish in itself. But the daily is the real deal in my opinion and as long as we remain above the daily 50 MA there is hope for a pivot. But that doesnt mean you should depend on a pivot. Rather set a stop loss and hope for the best while preparing for the worst. If this daily 50 MA holds we have a real shot at a decent long.
So currently there is a lot of support between 42k and 45k. This could keep confidence high enough to keep the bull market alive. I would be even more confident if we make it to Monday above 45k. Weekends are known for lower volume (not always but more often than not) so Im not expecting too much. But I will be ready for anything and everything. Being a trader there is no other way to do it. Stay on top of them charts or you will get REKT.
Nothing goes straight up forever. Even if the bull market does continue after the recent dump from nearly 60k, that does not mean corrections wont be on the chart as well. Its the very nature of a cyclical market. If you truly believe in Bitcoin long term the recent 20%-25% drop we saw should not bother you. Even if you did buy at 58k. Yes you do hold the heavy bags at the moment but I was you 3 years ago. Buying at 18k and watching the profit dwindle into actual losses. I lost even more chasing alts. Really I was buying into the pumps. Not before the pumps. Which means I was left holding bags while early investors sold. But that is the nature of the beast. Gotta learn to earn and sometimes that means getting burned.
I see the 4hr 50 MA (I know this is the daily chart but I drew the 4hr 50 MA for your convenience) is the current line in the sand for the bulls. If we can retake that 4hr 50 MA that could be the start of another pump. Of course only time will tell. We got rejected already one time this week trying to retake the 4hr 50 MA. But not all hope is lost yet as we still managed to hold onto 45k as support. That coupled with the fact we are above the 50 MA on the daily shows there is still hope. Although I would not enter a long without a strict stop loss. I hope you all have a great weekend and make smart choices folks! WTFDIK???
TLDR: 42k - 45k shows promise as strong support. 4hr 50 MA (green line) is (IMO) what we need to conquer to keep the bull run moving.
$BTCUSD - 70000$ - 73000$ Incoming!Hello Everyone, Hope you all are doing great! This is my first analysis published on Trading View in a long- time and this is a very important one!
Why i think 70000$-73000$ is coming!
1) - Fib levels suggest that next golden pocket is at around 72000-74000$ levels
2) - Bullish pennant breakout measured target is also around 71000-72000$ levels
3) - Very strong S/R line acting since Oct'15 is about to get hit at around 70000-73000$ levels if price reaches there
All in all too much confluence at one level and bullish institutional buying can easily push the price to 70000$-73000$ price levels.
Hit lIKE to show appreciation to my work. Thanks!
bitcoin 4hr analysis 2-14-2021Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the four hour time frame pulled up after a new all-time high overnight. We hit around 49700 + and things still look good from the Bulls perspective. I do have a few things I want to cover so let's get this party started y'all.
First of all I want to keep it simple and look at the indicators on the chart. The 50m a is ascending with the candles and as long as we are above the 50 and made things look really solid. But being above the 50 MA and the cloud and the 200 ma is definitely a bullish scenario. We are still above these key indicators on the daily and weekly as well. All of these factors makes a strong case for the bulls...
50k is probably going to show some resistance to the candle. Maybe not 50k on the money but somewhere close to that. The reason I say it is 50k is a nice round number. Seeing as how we have not put much data above 49 k we have to take what we can get. And I do know that Traders look for nice round numbers like 50k for instance to place sell orders and whatnot...
Bollinger bands look pretty tight on the 4hr time frame. Which could indicate that volatility is on the horizon. So it does look like a breakout is on the way. Go to Bollinger Bands really don't tell you which way it's going to go. You have to combine it with other indicators to get a gauge on the market. And right now things look pretty bullish but I would set a stop loss just in case. Also the MACD on the 4hr looks like it could turn back bullish any second. Something to keep an eye on.
Happy Valentine's day to each of you. I hope you all enjoy your Sunday! Its supposed to freeze here and people in SE Texas dont know how to cope with cold weather. So if my power goes out I will try my best to still share my analysis. In the mean time watch for a gap to form below us if these recent gains stick around til Monday. Only time will tell. Have a great day. Make good choices my friends... And always remember WTFDIK?
TLDR: New ATH (49800) We are knocking on 50k's door. Set a stop loss.
Bitcoin 4hr analysis 2-13-2021Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the four hour time frame pulled up and I can see we have been in consolidation since early Friday and it looks to continue into the weekend and possibly even till Sunday. We will just have to see how it goes. There are reasons to be bullish and there are also reasons to expect maybe a short-term drop and I will touch on all of that during the analysis. So pull up a chair and let's get this party started.
Looking at the current situation $46,500 looks to be the support currently. It flipped to resistance just a few days ago but we flipped it back to support recently and we are still above it and that is a good thing. We hit a new all-time high of about $49,000 on the 11th of February. Things are looking very strong for Bitcoin and I would be very hesitant to drop a short and even though I do think a drop will come eventually.
The thing is I keep seeing bullish news come out for Bitcoin for instance they are talking about Visa and MasterCard possibly offering cryptocurrencies on their Network and allowing people to pay with them etc. That would be a huge deal for Bitcoin and altcoins alike. This news coupled with big news that we recently got about Elon Musk purchasing 1.5 billion dollars worth of bitcoin means the Bulls might be alive for a bit longer folks. But setting a stop loss is always recommended. Just in case those Bears surprise us.
If we do in fact lose the support at 46500 over the weekend I would expect a drop to around 44,000 as that is where former support and resistance slide not to mention before our 50 in May is showing up right about in that area as well which means there would likely be a bounce their due to multiple supports. Of course I only time will tell if that is true. The best recommendation is if you are going to go that route and play the charts set a stop loss like I always say. Limiting your losses will save a lot of profit.
We still have major support around 42,000 as well so since that was the previous all-time high back in January I am expecting that to hold up at least for a short period of time and possibly get a trade or two out of it. But setting a stop loss is always recommended and I cannot stress that enough.
With all of these big names throwing their hat in the ring Bitcoin can really go off this year. Possibly even hitting six figures. And tell me about And tell me how you feel about possibly having to get on a waiting list one of these days to buy Bitcoin? It sounds like it may end up going that route if Bitcoin stays mainstream like this and all these rich people want to buy some. Not to mention institutions. I could definitely see a waiting list being a real possibility in the future for Bitcoin and I know that would suck but we need to be prepared for anything as there are only 21 million Bitcoin...
So if we want to keep moving up we need to break 49,000 and we need to hold 46500 at the same time which is simply minor support but it is holding up nicely and hopefully we can see a bounce from it this weekend. If not we will likely Fall to around 44,000 I imagine. The weekend is typically low volume. So i'm not expecting a lot.
The market cap for BTC eclipses 1 trillion again. It's amazing to see the growth. I remember when the market cap was nowhere near 1 trillion. You could spend 1 million a day for 2000 years and not spend 1 trillion dollars. Boggles the mind it does. I hope you all have a great weekend. Stay warm. I know a winter storm is crashing through the US right now so if you guys don't hear from me Monday morning my power might be out so just FYI. I have all sorts of devices to stay warm with so I should be okay but still. I hope you all stay warm and have a good weekend. Make good choices and always remember WTFDIK...
TLDR: 46500 is current support. 49k is resistance. The bulls are still alive and well. Set a stop loss! 44k shows promise of support along with 42k if we do drop.
Bitcoin 4hr analysis 2-7-2021Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Today I have the 4hr time frame pulled up after a nice little run to start the weekend off. We have cooled off a bit since the $40850 high we saw yesterday but there is still reason to be bullish. I will explain... So pull up a seat and lets get this party started.
I see we nearly hit 41k yesterday. Very close to the ATH we hit last month. Ive been saying it for days but 42k is obviously the line in the sand at this point. We had trouble crossing 41k yesterday which shows that breaking the line at 42k may be easier said than done. I think if we can make it to 42k out chances will definitely increase with a possible injection of fomo. Fomo is such a wild card as it can make a simple green candle into a massive pump. The crypto market is notorious for pump chasers.
I was looking for a possible gap on the chart or at least evidence that a gap may or may not be on the charts Monday and for now it does not look like there will be much of a gap. Of course there is sill 9-10 hours before the daily and weekly close. So only time will tell for sure. I like to trade gaps on Monday mornings if they are worth trading that is. Sometimes the gaps are just too minor or non existent to worry about. But when they are on the chart I try to take advantage. Although it is always recommended to exercise risk management and set a stop loss.
So we broke the resistance that was evident at around 38500ish yesterday and peaked around $40,850 now we are retesting the $38,500 resistance we broke yesterday which is now support. But we are really testing it hard so if it fails we may drop a bit. I see support around $34,500ish but it doesnt look like the strongest of supports Ive ever seen. Lets hope that $38,500 holds and we can advance to 42k. If we can break that resistance we have a real shot at 45k or maybe even 50k depending on how hot the fomo can get.
This week we pretty crazy. We had the Elon pump. A huge 4hr candle that was over 5k was the result. But the gains did not stick. Thats to be expected from a fabricated pump such as this one. There was no real rhyme or reason for the pump. But if you did catch the wave congratulations. Alt coins deserve a little mention as they have been really performing great. It sort of reminds me of 2018. Right after the BTC pump to 20k profits left BTC and flowed into many alts. Of course I want to say alts were hotter in 2017 than they are today. Although I may just have my head too far up BTC's %$$ to pay anything else too much attention. I will say that this alt season seems more streamlined. Not every alt is pumping. In 2017 you could throw a dart at a computer screen and pick a winner. Either way the crypto market as a whole seems to be impervious to the FUD of India possibly banning BTC and other crypto and also Nigeria. Both are huge hubs for crypto use.
Lets start this week off right. Even if we dip a bit before the weekly close tonight we should have gap above us as a result and that could help me start the week off right with a profitable trade. Like I said before set a stop loss if you want to play that game. We made the higher high traders want to see yesterday but the momentum must continue or it will all be for nothing. Sundays are notorious for low volume but maybe it will be a repeat of yesterday? We will have to wait and see. Have a great Sunday and enjoy the Super Bowl if you are into that kind of thing. Make good choices my friends and always remember WTFDIK????
TLDR: 38,500 is support/resistance. If we can hold the line above 38500 we have a real shot at a bounce to another possible higher high. But it doesnt look promising as we are currently below the support which makes it resistance. But I would wait for the candle to close.
Bitcoin 4hr analysis 2-6-2021Good morning again ladies and gentlemen and 40k as well! We have broken resistance and things are looking good for BTC at the moment. The bulls have put on a show over night and reminded everyone of us (including me) not to underestimate the bulls. The alt coin market has taken a lot of the recent glory in the crypto market but it looks as if BTC is attempting to take some dominance back. But can it last? Lets take a look at the charts.
First of all I want to point out that we have overcome the bears and broke up from the small bullish triangle overnight. It looks as if we have a confirmation candle that indicates that we have successfully broken the resistance. Former resistance becomes support. Technical Analysis 101. I love passing off little helpful hints in my analysis. Most vets already understand former support becomes resistance and vice versa. Learning how to identify support and resistance and understanding exactly how they work is better than any indicator you can turn on. Keep that in mind when you are looking at a chart. You can have a billion lines on the chart. In the end it looks like a bowl of spaghetti.
I do enjoy keeping a few indicators on the chart such as the 50 MA and the 200 MA and the cloud specifically. Bollinger bands and MACD are also helpful. But I can certainly read a chart without these indicators. But I will say that I can appreciate the usefulness of these indicators and I leave them on to make it even easier on me. Just keep it simple. Decide on a few key indicators and stick with them. Learn them. Understand them. Then check out the lesser used indicators. Maybe you will lay that golden egg.
So here we are back at 40k. I had a feeling we would break up from the right ascending triangle on the chart. We topped out on this triangle 2 times this week. I was hesitant to mention it looked like a double top to me when I saw it recently which led me to believe we may not break up from this. But after waking up this morning I was pleasantly surprised and I will walk my stop loss up to lock in that profit. Easy peasy...
So the next hurdle sits around 42k. That will be the real test. I do like the fact we have started creating higher highs once again. All of the bullish factors I am bringing up certainly gives traders confidence to long this. Especially with the abundance of support below us on multiple time frames. If we do in fact break 42k I think 45k - 50k would be a possibility. But WTFDIK??? Make good choices folks!
TLDR: Bulls are awake early. And they drank some espresso