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Bitcoinanalysis

BTC INTRADAY SETUP - 08 OCT, 2022#BTC INTRADAY UPDATE VOLATILITY EXPECTED: Medium EXPECTED SCENARIO: $BTC is again bearish on Intraday. Expecting it to consolidate today. BULL CASE: In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested. BEAR CASE: In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today. NOTE: On higher Timeframe, BTC is failing to even go to 21500$ zone. Let's see if 19000$ holds. On downside, 18K support should not break else a dump to 14K$ may happen..
by CryptopreneurSK
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the crypto markets follow the similar trajectory of the US market. Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA. It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels. On the hourly time frame, it is trading between 20 and 200 ema. Support :- 19290, 18870, 18600 Resistance :- 19630, 20000, 20330. The price range from 19290 to 19630 is a no trading zone. A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart. Wait for the price action near the price levels before entering the markets.
BITSTAMP:BTCUSD
by Mambotrade
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time frame. Once the pattern gives a break out, bitcoin can give nice targets on both side. Watch for the price action before trading the setup. Support and resistance levels are mentioned in the chart itself.
BITSTAMP:BTCUSD
by Mambotrade
Bitcoin Elliot wave analysisBitcoin BTCUSD trend is now up, then down Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts, but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions. all the possible degree wave counts are shared in snap shots below Possible wave counts on weekly time frame Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame positive divergence in both macd and rsi RSI double breakout on hourly chart. MACD positive crossover on hourly chart MACD positive crossover on daily chart Lower Bollinger also uptick Trigger point is breakout this black resistance trendline Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
BITSTAMP:BTCUSD
by RK_Chaarts
bitcoin pullback trade setup after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the pattern indicates the up move possibility duration of the trade could be short term trade with proper risk management and position sizing
Long
by Jimmy_Rebello
Bitcoin trading in a triangle.Bitcoin trading in a descending triangle formation after fall. It has been consolidating in a range after failing to hold its 20 ema on weekly chart. Bitcoin has recently tested its weekly 200 ema has is consolidating just above it. There is a resistance and a support which has been tested many times and once broken can give nice targets. Support :- 27100, 28650, 28500 Resistance :- 30500, 31800 The coin is silent for half a month. Watch for the price action near the triangle breakout. #bitcoin #btcusd
BITSTAMP:BTCUSD
by Mambotrade