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BitcoinHello and welcome to this analysis on BTCUSD In Jan 2022 it completed what appeared to be a sideways correction and activated a Bullish Harmonic Reciprocal AB=CD @ 33000. From there it went on to give a 38% retracement till 48000 by the end Mar 2022. The current decline is now testing the reversal zone of 33000. The next support below this is the crucial one near 28500. Failure to hold that short-term rising trendline which has so far been making HIGHER LOWS could see a further plunge till 15000 & a possible 11500 where the long term monthly trendline is and a zone it had done a long period of consolidation from JUN-SEPT 2020. Resistance is at 37000 for now
BITSTAMP:BTCUSDShort
by Dinesh_C_Nagpal
BTCUSDT chart shows the indication to take support @ 40856.57.BTCUSDT chart today shows the indication to take support @ 40856.57 and if it breaks that level in 4 hour time frame on Monday UTC market open time, we might see a fall to 39097.76 within next 4 to 5 candles of 4hr TF. I will not trade futures until the candle remains in the red rectangle zone shown in my chart. BTC shows a weak support @40856.57 and very strong support at 39097.76. I am taking part entries for my spot in #solana,#sand, #ada, #atom, #iotx and #avax Once BTC reaches 39097.76 I will take major spot entries in above mentioned alt coins. Happy & Profitable trading to all crypto community. :)
by Bhavdipn
Bitcoin forming evening star.Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels. On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over. It can retest its 20 ema on 4 hour time fame and fall further. Support :- 42100,41380. 39790 Resistance :- 43010,44550, 45600 Supports may be breached once the price trade below the levels and sustain. Bitcoin has streched and can come futher down to test the levels Wait for the price action near the levels before trading,
BITSTAMP:BTCUSD
by Mambotrade
Bitcoin near resistance level.Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema. On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels The bitcoin is forming a ascending triangle chart pattern on a bigger time frame. Support levels :- 41980, 37700 Resistance levels :- 44500, 45800 Wait for the candlestick chart pattern to be formed near the zone to find the movement in bitcoin.
BITSTAMP:BTCUSD
by Mambotrade
Bitcoin Analysis !! #Bitcoin📈 Bitcoin 📉 It has broken out from downtrending trend zone and given first signs of forming higher high higher low. Started forming up upside trending trend zone (this zone is yet to be tested to be strong support zone). Immediate Upside resistance is at 46000 levels. Have to watch how price behave around these levels. My Personal view :- Price should face rejection at 46000 levels and fall down till 40000 level then again rise up to around 51000 levels. Rest I have drawn complete analysis with possible support and resistance zones.
Long
by ShelendrAgrawal
BTC Short Term Analysis - BTC DOM INCREASINGAs expected, BTC traded in a narrow price range throughout the weekend. There was no particular activity on the market, but it is worth taking into account the increased fear in the market. Since if you look at the alt-market, then most of the instruments there sank very strongly relative to Bitcoin. The dominance of BTC is growing, which means that participants are now choosing less risky and volatile assets. Today will be an unscheduled meeting of the Fed. The question of raising the rate is on the agenda, investors are nervous. But we are not afraid to assume that they will not raise the rate, and this event is already included in asset prices. We expect a classic shaking out at the time of the meeting when the price will drop sharply down, followed by a quick buyout.
BITSTAMP:BTCUSD
by akshayincharge
Rounding Top Pattern formation on $BTC (4hr) The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend. - Showing that it has already reached the maximum price. (01 Feb.) - And that the possibilities are now in favour of a downward price movement. (02 Feb.) In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top, which occurs when price curves rise and then fall in price, it generates this pattern. The right side of the curve will make higher highs on the left side until the top price arrives (1st February), at which point the curve will fall to the downside, making lower price highs on the right side of the top.
Short
by zsidmehta
Bitcoin view..Bitcoin is the main pillar for all cryptos, it has made downfall almost 50% from past 2 months (from Nov) onwards, there is a major support zone around $,27000 to $,31000, since it has fallen 50%downside from an all-time high, we can expect 27000 to 31000 this zone can act as a support, this is the right time to invest in bitcoin but will wait for the market structure, let decide to market how it will react when it test the major support zone, my view is I will wait for the main support zone, it may consolidate at this zone then the clear trend we can expect based on the price behavior.
by sharathsc160
Bitcoin - A bullish case study1. The current structure looks very similar to the accumulation structure formed in May-August 2021. 2. The distribution schematic was clear in May, but this time (in November) it was not as clear and seemed like a pullback. 3. Retailers are bearish now since the price broke down below 200MA and a death cross is nearing. This is conventional thinking. Retailers always look to capitulate after the death cross. But the last time, the death cross happened with a similar structure, the price pumped and created a new ATH. 4. In June 2021, the low at the time of the death cross was the low of the accumulation structure. If the same thing gets repeated, we may create a bottom near 39-40k and shoot up from there. 5. If we look at the Market profile and TPO chart, there are a lot of NPOC on the upside. Also, there is a single print at 44825-45475, which may get filled soon. 6. If we see the fixed range volume profile from January 2021, we can clearly see 3 prominent high-value nodes and POC at 47k. If you don't know what a HVN is, just understand that the price moves from one high-value node to another high-value node. They act as magnets. 7. If we are able to bounce from somewhere near 40k, then we may most probably be heading to 50k before falling back again to the range low. Sustaining above 50k will push the price to ATH. 8. The breakdown of 39-40k level, will push the price back towards 35k and ultimately 30k level. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)
by johntradingwick
2
BITCOINAfter completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete. Overall wave structure could be like this macd in weekly macd in daily rsi in daily 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:BTCUSDShort
by RK_Chaarts
BITCOIN BELOW $ 45000 ! WHAT NEXT?BITCOINS JOURNEY SINCE DEC 2020 TO JAN 2021 The major cryptocurrency Bitcoin prices has recently slashed from $69,000 to $40,000 in about less then 2 months. Bitcoin was on its peak at $69,000 on November 10th, 2021 and it made a recent low of $ 39558 on Jan 10th 2022, a decline of 42%. However, in last few days it gave a sharp upside movement towards $45,000 from $ 39558 and trading between $42,000 to $43,000, but the question is that will this short rally will continue or Bitcoin has ended its rewarding era? TECHNICAL ANALYSIS LAST ONE YEAR HISTORY Over the last year, since 20th Dec 2020 Bitcoin started its upward rally and climbed to almost $ 65,000 in very short span of time and made its a fresh lifetime high of $ 64,895 on 14th April 2021. Investors who rode this rollercoster that started from $24,000 on 20th Dec, cherished the rally and a earned whooping return of almost 170% and that too only in 4 months (512% p.a). BUT, this rally didn't sustain and Bitcoin prices slashed to $28,600 on 22nd June 2021, which means it lost all the return it gave in less then half of the time that it gained in last four months. Though, Bitcoin never disappoints its investors, it started a fresh start from the mid of 2021. A fresh sharp rally was seen in Bitcoin, when the prices shot up to $69,000 on 10th Nov 2021 from just $29,000 on 20th July 2021, means it rewarded its investors once again with a three digit return. But, soon after making a fresh life time high of $ 69,000 on 10th Nov 2021, it once again moved downward and slashed to a low of $40,000 on 10th Jan 2022. CURRENT SCENERIIO Over the last year (as explained above) it has created a "M" shape return to the investors, which in technical langauage is called "A Double Top" pattern which is yet to be confirmed. According to this pattern if any script falls below the neckline (marked red in image) then prices may fall equivalent to the height of this pattern which is aproximately around $ 35,000. CONCLUSION If the price of Bitcoin falls below its recent low of $ 39,558 which it made on 10th Jan 2022, then we expect a further downtrend in bitcoin in 2022 uptill the mark of $25,000. So if you are a swing trader, you can make position with a stop loss of $ 39,500 (Marked Yellow in the image) for target of $ 45,000 to $50,000, But if you are a Value Investor, then you should only invest 30% of your total amount at current levels around $42000-$43000. Rest of the amount should be kept either for the further corrections or till the upward movment is confirmed by the upcoming trends.
BITSTAMP:BTCUSDLong
by moneymarine