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Bitcoinanalysis

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
Are these green candles a trap?These was a possible reversal from the Fibonacci Circle, but shall we consider it as a trap? I'm still bearish on bitcoin, what are your views? The Microstrategy buying bitcoin news did pump the market. But, shall we consider it as a trap, or it is a good sign to buy the dip? Well, according to Fibonacci, the 3.618 level of the circle are possible reversal zones. But, still I'm currently bearish because of the market sentiments, and the low volume level. The bears might not be active for now, but you should be prepared for a further bear market too. There is a huge resistance at the current pitchfork level too. We shall wait for the current candle to close. If it closes below the current pitchfork level, we are still in the trade, or else consider this trade as inactive. Your SL should be small.
BITSTAMP:BTCUSDShort
by theTAguy
2
Bitcoin looking weak. Where will it go? Read moreBitcoin dumped hard because of Infrastructure bill, ethereum foundation selloff and china fud. The volume was weak since a few days and the pullback which was around the corner finally came. Btc has found support at the conflux of a major support level and the 50-period Moving Average. I expect it to go lower to 100-period EMA and the next support level at 56200 range. There is no chance or a reason for bitcoin to go any further below it. Historically November has been the most bullish but I expect that this year it will be the opposite. Like after every dump, this time too btc will range for a few days and have a few long red wicks before it starts pumping. A red wick to 52900-53400 is also possible. Opening a long/short position is not safe - neither in btc nor in alts. Every rally may bring bigger pump in alts, but in every dump the loss will be equally greater. Stay on the sides and keep on accumulating in every dip. And like always, I expect the chart to play out the bart pattern.
COINBASE:BTCUSD
by AltcoinMoneyPrinter
Bitcoin shows bearish sign on RSI.#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research. ## Technical analysis: . BTCUSDT was Moving in a Triangular channel then IT had a breakout. . After Breakout It started Following parallel Channel. . The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN ) #Three Important KEY level Which May require A retesting. KEY LEVEL 1:- Around $64000. ( Previous ATH ) KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) ) KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel ) Support Around $58500 Is very Strong. #Bearish Sign. .THE RSI made a Lower high and at the same time price movement made a higher high, This kind of divergence is a BEARISH SIGN. . Also Its Price is below 20&50 EMA which is also a BEARISH SIGN. I f You Loved This Analysis ❤️ Hit the LIKE button Drop some feedback below in the comment ! Trade well. ❤️
by PriyanshuKatta
BTC USD PRICE ACTION ANALYSIS. This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level. Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long position. If the fall continues, then go long at the demand zone. The target and stop-loss levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
COINBASE:BTCUSDLong
by Sanjan91
Let us analyze recent fall and rise events in BTCBitcoin had a fantastic rally this year but also had seen the worst of the falls due to China’s crackdown. Let’s analyze the BTC chart and find out the critical signs we have observed during the fall and also analyze what’s the current situation. In this analysis, we will be using Trendlines, Supply and Demand Zones, and RSI. We shall understand them briefly. Trendlines can be ascending or descending lines. The trendlines are formed using at least 2 tops or bottoms. Ascending lines are formed by joining at least 2 higher highs or 2 higher lows which act as support. Descending lines are formed by joining at least 2 lower lows or 2 lower highs which act as resistance. Applications of Trendline s: 1. They indicate the prevailing trend in the particular duration. 2. They act as support and resistance lines. 3. If ascending trendlines are broken to the downside and the immediate low of the rally is broken then the stock may have a new downtrend. 4. Similarly breaking the descending trendlines to the upside and an immediate high of the prevailing fall indicates the new uptrend. Supply and Demand Zones are the zones where the price is failing to break out multiple times. Supply zones are the areas of interest for the bears and demand zones are the areas of interest for the bulls. Applications of Zone s: 1. They represent the critical areas in the chart where the traders or investors are interested. 2. Breakouts in either direction will add momentum in that direction. Interesting Interpretation of Trendlines and Zones : 1. Ascending trendlines are joined by the points where bulls are interested to go long. 2. Descending trendlines are joined by the points where bears are interested to go short. 3. Similarly demand and supply zones are zones where bulls and bears are interested in long and short respectively. 4. Giving up trendlines and prices going below or above immediate level indicate that the bulls or bears have given up on the stock for a while. Important Note : The breakout should be confirmed by checking higher volumes or pull backtest or waiting for the price to take out immediate high or low. This confirmation gives us a confluence between the different schools of thought. Some traders may only follow trendlines for breakouts, some may follow zones, these checks ensure you have more participation towards your position. Once the trendline or a zone is broken the nature becomes opposite. For example, if a supply zone or a descending line is broken, the price rises and then comes back to test the zone, this time it must act as a demand zone or support line, else it is said to be failed in the pull backtest. Relative Strength Index (RSI) It is a momentum indicator of the price in a particular duration. For detailed definition and formula, please check in the indicators section in TradingView. It is generally used to determine whether the stock is oversold or overbought. Applications of RSI: 1. Oversold if the price reaches 20 or 30. 2. Overbought if the price reaches 80 or 70. 3. Reversal signs based on divergences. If price is making higher highs or higher lows but on contrary RSI is making lower highs or lower lows. Then it is a sign of bulls giving up and a bearish reversal is on its way. Let us these concepts and apply to our chart. You can see supply and demand zones and the trendlines on the chart. FALL The supply zone had been tested four times and then took a great fall. You can have a doubt that actually once the price had managed to breakout supply zone with good volumes and crossed immediate higher high but even failed. Yes, here it failed the pullback test. It received resistance from the purple trendline 1 and came back for the pullback test and failed. We can see a bearish divergence by checking corresponding highs trendline 1 connected in RSI. RSI was also indicating overbought signs. After a certain fall, it rose again to test the zone which now turned to supply zone and couldn’t break. This gave confirmation for the participants of different schools of thought, hence with huge volumes price fell. RISE The price reached another critical area called the demand zone. Before falling into the demand zone, the purple trendline 2 gave support to the fall. The corresponding trendline 2 in RSI confirms the bullish divergence and showing oversold signs. This reversal was confirmed by huge volumes, taking out the 40k mark and breaking a strong trendline which resisted price to rise during the fall. The price also took a pullback test and succeeded. CURRENT SITUATION After a pullback, BTC made a high of 48k and then formed an intermediate demand zone. The blue trendline is supporting the rise. If the BTC breaks 48k, it can go to test the supply zone. If it breaks the blue trendlines and the intermediate trendline, it can test the 37k level. If the 37k level fails it may test the demand zone again. We have a minor bearish divergence in RSI and RSI is in the overbought zone. As we analyzed the fall and rise of BTC, we understood before considering any position, confirmation is necessary. This is just an education post and not investment advice.
COINBASE:BTCUSDEducation
by Sanjan91
Is BTC Going Back To 50K ? Have a look What Coinguru Have to SayHey guys welcome for a fresh update on BTC -------------------------------------------------------- Is BTC Going Straight up.. -------------------------------------------------------- Hey Guyz Its been long haven't reach out to my audience.. Last few months was bit tough for crypto community and we bounce back well So according my observation what i see is BTC Shall retrace back to $44800 level as we received volume support here and Then will finally Bounce back to $48k - $50K region In the meanwhile Alts Can see a short pump as btc dominance is on verge to break neck line to the down Don't Miss Out on it.... Give a thought to it and manage your risk carefully... Let me know whats your target and suggestion In Comment Section Will Be back with another Premium Analysis in the mean time.. -------------------------------------------------------- Thanks for reading... Give us a THUMBS UP if you like it... -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
by Husain_Arkghazi
3