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Bitcoin 4hr analysis 1-17-2021Well good morning again ladies and gentlemen and welcome back to my daily blab about Bitcoin and Bitcoin accessories. (King of the Hill reference) Today I have the 4hr time frame pulled up... I know its a huge surprise. I like the 4hr though guys. It is just my speed. I know every trader is different and I guess I will toss in another time frame sooner or later. But I just feel the 4hr is quite telling at this point in time and more helpful than most other time frames for my trading style. Anyways enough about me. We are here to talk about Bitcoin so lets chat about the charts. I drew the "ricochets" the candles have been experiencing over the ATH and subsequent consolidation after the ATH (ATH stands for all time high (whichis nearly 42k) for all you noobs reading this) This pattern is all too common in crypto and most other investment opportunities. Identifying patterns like this early allows you to earn more from trading them. If you simply bought when the bottom support of said pattern was touched and sold only when we touched the top you would be making a killing. You could literally buy a lambo just trading a pattern like this. Patterns like this are fleeting folks. That is why identifying them early is crucial. Otherwise you will make much less. I know its not rocket science what I am trying to explain and many of you vets reading this are rolling your eyes but I speak with noobs every single day and this info will help them a lot. You can also see many instances within the giant triangle pattern I have drawn on the charts. Instances where we bounced without necessarily making it all the way to the bottom of the pattern. That happens. There are numerous indicators within this triangle that can provide support or resistance depending on where the candles are located. With that in mind we can bounce off these indicators within the pattern itself as well and traders that take advantage of most bounces will make the most money (if they play their cards right that is) Catching each and every bounce requires unlimited patience and unlimited time to sit in front of a cpu all day. Every day. I dont like doing that. Dont get me wrong... I love Bitcoin. I love trading. I love writing theses analysis' I write every day for you guys and gals. But I also love to do other stuff as well. Life is about being happy and I use trading to supplement my income. Im not rich. I hope to be one day. Right now Im just like most of you. Still learning. But I have learned a lot since I began. I remember when I had no clue what an MA was. Now I have a trading course with quite a few clients and I have been #1 Bitcoin analyst on Tradingview numerous times. Not too shabby for someone that has been doing this for less than 2 years. The way the pattern on the chart looks and the way the weekend tends to have a dip in volume (when compared to weekly volume levels) we may see more dump today folks. I hate to say it. There is bad news and good news though. The bad news is the weekend isnt over tomorrow in the US. Its Martin Luther King Jr day tomorrow so Im certain the CME will be closed and likely we will not see the gap til tuesday. So I guess there is no good news yet. The bad news is I think I see a head and shoulders on the chart. We havent seen the dip so I very well could be wrong. The way I see it is it does no good to argue about such things. Instead of debating the legitamacy of the H&S (head and shoulders) I always say prepare for the worst and hope for the best. Set a stop loss and that will be your back up parachute in case the trade doesnt go your way. Let the market decide. If the majority of traders see a H&S they will react to it and we will see a dip. If the majority disagree with this they wont play it and the dip will be minimal at best. Ive seen clear H&S not play out in terms of a dip after the fact so not every h&s are created equal folks. We are still holding onto 30k+ and in my book that is a win. The way I see it we will consolidate for most of January and towards the end of the month we should see the result of this big triangle I keep bringing up. The US is discussing stimulus money very soon and that could cause a rise in volume while the mass printing of USD will ultimately cause inflation causing BTC to go up in terms of USD. Because people are buying BTC with the disposable income along with the fact the very currency BTC is tied to (not 100% of the time but there is no denying the US is a big part of the financial eco system of this planet and Bitcoin) These are issues that are not necessarily on the chart but they are still something any and every analyst needs to take notice of. Inflation of the USD will cause BTC to rise. I am confident that this is the start. If printing continues we could see 6 figure BTC sooner than people think. Im not a financial expert folks. This analysis is my opinion and you can take it or leave it. You should not make any financial moves based on my opinions alone and do some research and learn how to make your own financial decisions. It is much more rewarding to make your own moves based on your own ideas. But I will always make these analysis for those that dont trade and those that just like to read it. I know it gets long at times but I have a big mouth so I have to let it out somewhere. I hope you all have a great Sunday and make good choice my friends. And always remember WTFDIK????? TLDR: Bouncing around inside this triangle. Right now the 4r cloud is holding the candles but the candles are getting heavy. We may test the bottom of that big triangle before the weekly close in 10 hours.
by UnknownUnicorn4304403
Bitcoin Weekly TA & Commentary- Bitcoin is currently trading at 79,446$ - Bitcoin has printed a new All Time High today and we can expect this rally to continue until 84,120$ or 89,333$ - Bitcoin is currently carrying a huge parabolic momentum where we can expect large expansions and retractions this week - From an accumulation perspective you should wait for dip and the point of interest lies at 70,000$ and 73.5k, if you see 70k getting breached then we can see 66,000 coming in play - If you are already holding Bitcoin and confused where to lock in partials then you can watchout these 2 zones - 84,120$ - 89,333$ - Lock in partials to roll over the same money in dips to either add BTC or Alts its upto you
BITSTAMP:BTCUSDLong
by VKtradesimbalance
Bitcoin Dominance Bias Update + Altcoins Rally - Bitcoin Dominance is currently trading at 57.58% - Altcoins will only trigger a rally when we see BTC Dom triggering a sell-off and bearish trend - Bitcoin Dom has shown a very minimal slowdown and retracement that's leading to altcoins jumping - I will be more interested to see BTC Dom breaking down and changing its Market Structure and that's where you will see Altcoins jumping more harder. - Wait for a structure shift beneath 54% and claim back to 55 and then again a drop that's where we will see huge expansionary moves in Alts - Q4 has been very bullish in the past expecting the same this year as well.
CRYPTOCAP:BTC.DShort
by VKtradesimbalance
Bitcoin Dominance & Altcoins Crash/Pump Analysis Correlation- Bitcoin Dom has broken out of its long weekly consolidation supply - Bitcoin Dominance is now making all the Altcoins bleed - Bitcoin Dom signifies that the money is flowing more into Bitcoin and getting pulled out from other cryptos to Bitcoin - The current situation only looks Bearish for Altcoins and Bullish for Bitcoin - However to see an ultimate rally in Altcoins we will have to see a strong rejection in BTC DOm and USDT Dominance - Prepare yourselves and your Fiat accordingly
CRYPTOCAP:BTC.DLong
by VKtradesimbalance
BITCOIN: Double top possible + NAVARRO 200 : Watch out!! BITCOIN: Double top possible: Watch out for 48,000 + NAVARRO 2000 bullish = 2 opposing patterns. The Wolf of Zurich detected a possible double top on bitcoin As expected, the 56,400 was reached perfectly thanks to my analysis. The next levels are: On the decline : 56,425 (again) 48,000 40,770 On the rise: NAVAROO 200 bullish detected, and the price could reach $72,000 then $80,000 In addition, Be careful because there is a bullish divergence with the ROC!! To watch the EMA 50 and 200, and the ICHIMOKU and Fibonacci levels
COINBASE:BTCUSDShort
by Le-Loup-de-Zurich
Bitcoin Technical Analysis & Possibilities - Bitcoin has recently shown a great jump and pump because of FED Rate cut expectations - However, the ETF Inflow from Hong Kong and US Asset Managers is not stopping as well - The fundamentals of Bitcoin looks good with no bearish scenario looming over - ETH ETF approval will be a bullish catalyst for the whole market however, bitcoin might go sideways because of this reason being ETH money inflow will increase - Watch out the zones mentioned and make sure you manage risk
BITSTAMP:BTCUSDLong
by VKtradesimbalance
BITCOIN Projection for 2024 BullRun#BITCOIN Weekly Chart Analysis As per weekly movement in CRYPTOCAP:BTC , its #Bullish Trend #BroadeningWedge starts from 21st November 2021 and it will be properly continue onwards towards uptrend cycle. As per #FIBretracement this cycle final upar cut-off point will be at $48.2k to $51.5k approx. upto January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too... After this cycle completion, into April end to may first week, CRYPTOCAP:BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous #AllTimeHigh of SWB:69K of Bitcoin upto July-August and from this time Bitcoin will be goes under full #BullRun mode upto Dec. 2024 to Jan.2025 with its first new #ATH of $185k to $220k approx. This year, major role player of #Bullrun in Crypto market including Altcoins growth is Bitcoin ETF. Lets see, whats market move... Anyway, Always #DYOR before investing in Crypto and Trade wisely by using #StopLoss, its just #NFA. and, must Follow me, Share and Comment on it...!!!
Long
by AskToRahulSirohi
BITCOIN Projection of $15k to $48k#BITCOIN Daily Chart Analysis As per 1-day chart Analysis of CRYPTOCAP:BTC , still it will be moving perfectly as per Broadening Wedge Pattern from last Lower-Low point of $15.5k on Nov. 2022 and before #Halving of Bitcoin its final downtrend cycle goes towards completion and it will be projecting towards BER:33K to $30k cut-off for its final Lower cut-off point around April-May 2024 on Having Time Zone. Lets see, Whats new and final #AllTimeHigh will mar-up in 2023, while at this time on today on 6 Dec. 2023 at writing time, #ATH of CRYPTOCAP:BTC is $44,575 approx. Whats the new All Time High of Bitcoin in 2023.. Is it will be FWB:48K or FWB:52K around, It means, BTC cross over $50k again 8th time in history and then it take Reversal mode towards BER:33K -35k at last time.. Lets see, whats the market mood and sentiments of Whalers with news impact of #ETFs. Always #DYOR and Trade wisely by using #StopLoss at this deadly Volatile situations of #Bull or #Bear Traps to avoid your funds from Liquidations. and, Follow me, Share it and Like it with Comments...
BLong
by AskToRahulSirohi
Bitcoin Can Easily Move Lower or True Bounce In Place? i|AltcoinBitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above. My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here: Now, we are going to have a shorter-term look at the chart. Bitcoin (BTCUSD) on The 4H Time Frame / Scale First we have what appears to be a bullish engulfing pattern, a strong one, to push BTCUSD back above EMA10. () If the red trendline can be conquered, Bitcoin can easily move higher... but if it remains below it, as it is now, we can expect additional retrace. Trading back down below EMA10 (candle close is needed for confirmation). Bearish MACD and trending lower. RSI on the bearish zone and trending down. Retrace has gone to 0.5 Fib. of the last wave, can easily go lower to 0.618, 0.786 or 1. The GREEN trendline would support Bitcoins price if it turns upward. Feeling the market: Bitcoin can easily go lower, that's the feeling right now... The signals are above. Altcoins I mentioned the altcoins market in my last update for Bitcoin, which can be seen here , and that the alts would start moving from this point forward... Now... I am seeing more pairs on Binance producing very strong bullish setups that can produce massive impulse waves... Just watch... You can check my profile for some of those... Thanks a lot for the support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana