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Bitcoinanalysis

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
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