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Bitcoin Weekly EW Complex Correction & Volume AnalysisHere we have a very basic/beginners wave count. We have the impulsive (1,2,3,4,5) and corrective (A, B, C) waves mapped since January 2015. Based on EW guidelines, the 3rd wave of an impulse has the highest volume. Corrective waves tend to have low/decreasing volume. Knowing this, we can easily figure out that we are in a corrective wave after Wave 5 ended of the last impulse. This is a complex correction, where Wave B makes a new high compared to Wave 5 but wave C of the corrective move ends in a lower low compared to Wave A. Here we are just looking at the volume, there are many more signals of course. The market needs a flush-out before it turns. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
1
bitcoin crash what next????After making high of 66336 bitcoin started the down trend and broken the recent support zone of 40000-40250, next value area for btc will be 32000 to 31990 MACD has crossed the zero line indicating bearish signal RSI has entered the oversold zone as per VOLUME bears are more dominant then bulls Cryptos are most volatile assets i switched to EMA 400-500 band & 800 and long term base average line 33485 will be acting as vital area of consolidation or price might create a structure for REVERSAL LET'S NOT BUY THE DIP BLINDLY instead using some confluence points and waiting for confirmations
by Jimmy_Rebello
Bitcoin Levels To Watch For (4H TimeFrame) + 2 ScenariosAfter moving away from the 1H timeframe chart, we have the 4H for BTCUSD. Here we can get a better picture at our "local resistance", in this case we can see it clearly as EMA100 or the blue line on the chart. Every since the 24-Jan. we have higher lows on this chart. The "EMA100 RESISTANCE" is being challenged over and over. The more a resistance level is challenged the weaker it becomes. We have many attempts at EMA100 so this resistance should be becoming weaker. Here is how it will go. Scenario 1) Bitcoin can break above this level if the bulls keep pushing. Scenario 2) On another rejection, we can see a test of support and then another try at resistance. We have some mixed signals/feelings here with this ascending triangle but at the same time strong resistance... Patience is key. Leave us a comment, share, follow & like to show your support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
1
Bitcoin Local Resistance Update (1H Timeframe) + AltcoinsThe "local resistance" we spotted for Bitcoin yesterday on the 1H timeframe remains valid. We have a bearish bias short-term as long as this resistance remains in place. If Bitcoin goes sideways/consolidates... As long as Bitcoin goes sideways the Altcoins can have some time to recover. When Bitcoin drops there is always an initial reaction from the Altcoins (Altcoins vs Bitcoin) where they also drop but they later recover faster even than Bitcoin does. You can find the support levels and additional details on the chart. Note: Please keep in mind that this is a short-term analysis. The charts are always changing and we need to be prepared for all scenarios before we decide to trade. You can support my work by just leaving a comment or hitting FOLLOW. Thanks a lot for your amazing and continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Monthly Closes Tomorrow, What To Look For!Tomorrow we have the monthly candle close for Bitcoin... What should we be looking for? We have many clues to look at but we will focus only on 3 in this article. Bitcoin Monthly Signals 1) This is the first month that Bitcoin will close below EMA10 ($44,455) since March 2020. 2) We have bearish indicators. The indicators, MACD and RSI, are both on the bullish side but trending lower. The MACD is trending lower strong with a bearish cross also in place and the RSI is in a strong decline as well. 3) BTCUSD Monthly remains above EMA21. This is actually a positive signal since EMA21 is working as support. Closing above it this month signals that the bulls are still fighting. BONUS SIGNALS *) This month closing below $36,500 or EMA21 can lead to a 3 crows pattern, which is a bearish signal. When this pattern comes up we first see an initial bounce and then a strong drop. Candle closure is needed for confirmation. *) Double top bottom between April and November 2021. We know what to look for once the monthly candle closes... One last question before we leave... Do you think Bitcoin will complete its correction at -72%? Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
3
Bitcoin Daily | The Same BarrierWe just looked at Bitcoin short-term, BTCUSD 1H, and we are seeing some resistance around the 26-Jan. high... What does the daily chart has to say? Bitcoin Daily | The Same Barrier Holds We have Bitcoin trading within a steep declining channel. We are all waiting for a bottom to be drawn, for a reversal to take place but so far not much has happened. We can see a strong reversal candle 24-Jan. but we have low volume and a very weak RSI. The candle 26-Jan. also negates the candle from the 24th. Yesterday Bitcoin managed to close above EMA10 ($38,037) but today this level is still working as a barrier, only after this level is conquered we can see prices move up. Today we are looking at both scenarios on the main chart above, bearish and bullish but don't be surprised if prices drop. We have a long-term bullish trend but on the short and medium term, the bears are in full control. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Local Resistance +How To TradeBitcoin (BTCUSD) has reached local resistance, we can see this thanks to the candlestick charts. Notice back in Jan. 26, we have a strong rejection at "Local resistance". Yesterday afternoon, BTCUSD hit the same level, marked in yellow here, just to be rejected again on two long upper wicks. We also have a lower high recently compared to 26-Jan. If BTCUSD can break above local resistance on the 1H timeframe, we can expect higher prices (green arrows). Staying below resistance can signal that lower prices are possible (red arrow). How To Trade? This is a very easy setup. One can short this setup with a close above the local resistance as the stop-loss and the last low as target. This is not financial advice. Remember to build your own plan and do your own research before trading. Thanks for reading. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin HazardThis looks a bit scary on the technical basis as you can clearly see an Double Bottom Pattern and that also on a Monthly timeframe so. Moreover you can see The Hilega Milega Indicator is also very bearish as its showing a bearish divergence which is really scary. It is slightly tense to look at the chart of BTC. However we have to see whether the price will follow its history or the Whales will beat the price action and take it to 1 million dollars till 2030 as per the ARK Survey.
BITSTAMP:BTCUSDShort
by vashishthviraaj
Bitcoin Bounces To $44,444? Trading Above EMA50We are starting to look good on the 4H timeframe for Bitcoin as prices start to recovery. We looked yesterday at a potential bounce short-term on the 1H timeframe , as this moves develops, we can see the bulls starting to re-enter the arena. We have the strong "V Bottom" pattern with unusual volume. Just recently prices closed above the EMA50 magenta line. Trading above EMA50 is strongly bullish. We are aiming at $44,444 now that $38,000 is being secured. Note: If prices move and close below EMA50, the bullish bias loses strength. If prices move and close below EMA10, this analysis is fully invalidated. Feel free to leave a comment if you have any questions. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
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
by trialman678
Bitcoin | The Monthly Chart Gives It Away!Here we have the monthly chart for Bitcoin, we will see why some additional correction is yet to take place. We are going to start with our classic EMA analysis, and it goes like this... We have a peak in April 2021. This monthly candle closed as a Doji, signaling indecision and the correction that took place next. The correction after April's peak price in 2021 found support at EMA10. The bounce from EMA10 didn't lead to a new high, technically. We have a new high in November 2021 vs April, $69,000 vs $64829, but this is technically the same high. Since the bounce off EMA10 as support did not result in a new high, the next support level to be tested on a drop is EMA50 or the next major EMA. EMA50 is sitting at $23,750. This is it for the EMAs. The trading volume is super, super low. This is never a good signal at this point. Lowering volume can presage a drop. The MACD has already crossed bearish, with the histogram going red and plenty of room to drop: On the RSI, we now have the classic multiple years long bearish divergence starting in 2017: Notice lower highs short and long-term. The RSI has also gone below the rising trendline support. Since it is still above 50, there is plenty of room/space available for additional drop. We will share an updated trade idea once the monthly candle closes. Brace yourself. Be patient. Plan ahead. Buy & hold. Many new opportunities will be developing in the days and weeks to come. Namaste.
BITFINEX:BTCUSDShort
by AlanSantana
2