Technical Analysis of BitcoinNotice how the prices were falling within channel which indicates that the recent sell off in BTC was not impulsive (start of a crash) but likely a correction. Wave 5 is yet to be completed for Bitcoin in the monthly time frame but wave 5 could be truncated if it falls below the recent low of BTC so place a stoploss below 31k as view gets negated at that level. Entry only above 42k.
Bitcoinusd
Swing trade anlysis Bitcoin BOTH Long/Short position BINANCE:BTCUSDT
swing trade analysis for both short and long position
NEUTRAL ZONE 30000 - 35000 works as a neutral zone
LONG POSITION If it daily candles closing above 37500 sustain here you can go for
long target but make sure the volume of that candle breaks the MA line in volume
SHORT POSITION 30000 works as huge support once If it breaks
it will make sure it will reach 28000 easily
And everything mentioned in the chart
This analysis includes and gives respect to
1 Fibonacci retracement
2 Support & resistance
3 volumne
NOTE CHECK THE ANALYSIS IN 1DAY TIME FRAME I MADE IT IN WEEKLY DUE TO SPACE PROBLEM
COMMENT YOUR THOUGHT ON THIS IDEA
PARDON ME IF I MADE ANY MISTAKE ITS MY FIRST IDEA IN TRADING VIEW
Bitcoin Trading Plan for 21-22 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
Bitcoin: Maybe? (Updated and Still Validated)In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals).
It's just a pattern, I hope this analysis be right for all who own btc usd.
"When touches white line, time to buy".
NOTE THE SIMILARITY!
This is an updated chart I published 29/12/21 (see link to related ideas).
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-$43000. Rest of the amount should be kept either for the further corrections or till the upward movment is confirmed by the upcoming trends.
BTCUSDSymmetrical triangle pattern formation on BTCUSD on a 15min timeframe ! Target should be around 43400$ !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
BTC IS RISK ON! 40K STRONG SUPPORT* 40000$ strong support for bitcoin, previous swing low
* 2.618 ABCD pattern
* 1.13 XABCD pattern on 4 hr
* bullish pin bar pattern on daily chart
* closing stoploss below 40800$
* price consolidating on 1hr and forming price action zone for accumulation
* price is above all MA's except for 200 HMA
* double bottom clearly visible on line chart
* bollinger squeezed on 4hr and 1hr
* pin bar bollinger buy signal
All Targets Achieved | 26% in just 29 days | Bitcoin All Targets Achieved | 26% in just 29 days | Bitcoin |
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Bitcoin THE KING- BTCUSDBitcoin is already been in a downtrend for the past few days in the lower time frames. It looks like BTC is planning for a major liquidity grab before making the next big move towards the moon. I personally will try to take this as a chance to buy more BTC if it reaches anywhere near 24k to 27k. This is not financial advice. Invest only what u can afford to lose.
📊 Bitcoing Swing Trade Opportunity 🎯BITSTAMP:BTCUSD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, Quite Big Stop Loss as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 41101.80
SL :- 34983.5 (Closing Basis) (better to enter after reversal candle and keep sl below that candle if you atre trade for swing or short term)
Target 1:- 44369
Target 2:- 46643
Target 3:- 48971 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bitcoin/USD is still bearish or right time to buy ?Hi everyone
lets discuss BTC/USD scenerio, as you can see in chart we have complete (1),(2) and (3) wave in INTERMEDIATE DEGREE , Currently in (4) wave.
In (4) wave we have complete two legs which point A and Point B wave, If you are familiar with neowave, it consist of atleast 3 corrective wave.
From around this area we are looking for point C which can go easily upto 52000 level. Also there are chances that there can be more corrective legs like D and E.
After this corrective price action we will be looking for an (5) wave in intermediate degree.
This intermediate degree waves started at 66000 , see that trading idea also so that you can see how far we can hit the target with wavees structures.
T hankyou
Manish Singh
Wave Forecast
SHORT BTC/USDTBINANCE:BTCUSDT
SHORT BTC
Short/Sell BTC
CMP :48832
Target :39515
Stop Loss :53237
Signal: Negative
Sentiment: Negative
Crossover: Negative
Timeframe: 5-7 days
Probability: Medium
Note: Some sideways movement expected before the fall.
ABOUT MYSELF:
I am a certified blockchain developer (PG Master's) from a top Canadian University.
I have a bachelors in computer science (B.Tech) from a A grade university in India.
I have developed a AI powered code that provides signals for capital markets.
Accuracy till date: 72%
DISCLAIMER:
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BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart.
The first one showing a strong and healthy breakout (with an above than average volume).
The latest falling wedge breakout has been a disappointment so far. Volumes have been
below average and the price seems to be struggling.
A break below the critical support level marked by the yellow line could be catastrophic.
Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a
possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward.
Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative.
Bitcoin is a 'Risk On' asset :)
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.
Bitcoin 70000- 75000- ... ???? After nice breakout, the price managed to breakout through the median of the pitchfork which is the golden line
the green lines are following pitchfork acting as support and resistance on higher time frame
the greenish zone is the 4h halting zone is the price breaks the golden line
it is consolidating and forming triangle pattern
not gonna go short the trend is up but this looks like a pullback or buildup, profit booking from previous trend buyers
long is the price get rejections from golden line with strong bullish candle
can trade after the breakout of triangle pattern
the full range of pitchfork ive drawn has indicated max 77500 levels but with some slight pullbacks and corrections
Bitcoin following the Fibonacci Channel!In my previous idea on Bitcoin, I posted about the Fibonacci Channel, if it will follow it or not. As we can see here, it is perfectly respecting the golden zones and getting retraced. Here, I have posted a trade on the basis of this Fibonacci Channel and price action. RR is 1:5