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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 MasterAnanda
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 MasterAnanda
2
Bitcoin Downward PressureNot only Bitcoin (BTCUSD) but also the S&P 500 Index (SPX), Nasdaq (NDX) and the Dow Jones Industrial Averages (DJI)... All major markets are experiencing strong downward pressure. Bitcoin has been doing a classic ABC correction after a bullish wave. We can first appreciate EMA100 being tested as support for multiple weeks in these corrections; When we go back to Jun.-Aug. 2018, Dec. 2019-Jan. 2020 and finally recently around July 2021 prices for BTCUSD remained just above EMA100 after Aprils peak. The B wave we get a bounce and the C wave ends up at MA200 which is sitting at $19415. The C wave normally marks the low point. Now, the EMA100 ($35,512) has failed but the week is still young. Closing weekly below $35,500 can signal that Bitcoin is going straight down to test the next support. All the markets are feeling downward pressure. It can be happen that this correction will push us to hit real bottom... But all is good... Once you hit bottom, the only place left to go is up. Bitcoin support levels We have support at $28,500 - $30,000. Followed by ~$20,000. This might go straight down and clean out all the weak hands in one huge wick. Please share your trade ideas, thoughts, comments and hit LIKE to show your support. Namaste.
BITSTAMP:BTCUSDShort
by MasterAnanda
Bitcoin Weekly Goes Below $20,000 Support ... How & Why?Here we have the long-term chart for Bitcoin where the last two lows can be appreciated. After the 2017 peak price for Bitcoin at $19,666, we had a 52 weeks correction that ended just above MA200/EMA300 or $3122. Then again we had another peak price in June 2019 at $13,880. This peak was followed by a 37 weeks correction that ended just above MA200/EMA300, the low was set on a wick at $3850. The next peak price happened April and Nov. 2021... We are now in a new correction for 40+ weeks and EMA100 is being challenged as support. If the EMA100 blue line breaks at $35,540, then we can go lower and hit the same MA200/EMA300 support as used to happen before. This level is now set at $20,000, that's the main support if Bitcoin continues to drop. Note: Remember, Bitcoin can go to $30,000, $20,000, or $10,000... To us, it makes no difference at all. It is all about patience and time. Bitcoin will stay at its low maybe for a few hours... Maybe for a few days. Maximum for a week or so... After the low is in, what follows is long-term/sustained growth. See March 2020... After the correction is over, many new opportunities will show up. Be patient. Prepare yourself. The market moves in waves... Up and down, up and down... We are going down now... Next comes up. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
1
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