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Bitcoin | The Best Course Of Action Now | What To Do?Bitcoin (BTCUSD) is now in correction mode from the bearish wave... What is likely to happen next? The conventional markets continue to look bad and ready to crash. We have tons and tons of inflammation (or inflation?), the war is just another catalyst that can make the markets unpredictable everyday. So what to do, what is the best course of action? We have been bearish for long but nothing goes straight down or straight up... Prices will fluctuate but with all this uncertainty, it is better to sitout, step-back, wait for things to unravel and only jump back in when the all the drama/noise is gone. Late March the latest... Spring... Thanks for the continued support. Namaste.
BITFINEX:BTCUSD
by MasterAnanda
Bitcoin to the HELLBITCOIN is already getting WEAK ,day after day and week after week ! it couldnt break the 69 K. I predict Bitcoin going down to my TARGET mentioned on the graph which is a ZONE : from 13 k to 10 k . I see that the buyers lost hope in the market,they stoped pushing the price higher because the BIG Sellers took the place which made it tough for Bitcoin to break the 69 k Resistance. so,I think it's currently the wrong time to continue buying ,otherwise it's a perfect time to SELL. Good Luck and Be Safe.
by BeUrself
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 MasterAnanda
Bitcoin Looking Better, Falling Wedge Pattern + AltcoinsBitcoin is looking better and better, patience is key. We are looking at the 4H timeframe and we have a beautiful falling wedge pattern. We can see the current candle moving above the upper trendline of this pattern. (Confirmation only comes after candle closure one hour from now). There is potential to move higher. You can visit yesterday's trade ideas below for additional information. Altcoins Market Update I've been looking at some Altcoins, mainly ALTSBTC, and we have mixed charts, the opportunities need to be fished out. We have many Altcoins retracing short-term but still trading within higher lows and getting ready to turn. I would say it can take just a few days to a maximum of 2 weeks before we start seeing very decisive bullish action. Get ready! Be prepared! Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
2
Bitcoin 4H Daily Short-Term Update (Bullish)Bitcoin is looking good short-term across multiple timeframes... The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs. Now, the 4H timeframe is also looking good. As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now. The cup pattern is now in full display signaling that our low/bottom is already in. The MACD looks good above zero/bullish. The RSI is super strong. Slow and steady and we believe it will start to speed up. Conditions for change We remain bullish above the 10-Jan. low at $39558. Any trading above this level we are bullish. If prices move below $39.5K we start to consider the bearish scenario. We are bullish now. Enjoy. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range. This may be a nice bounce since we're seeing a nice a wick from the bottom. Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade). But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower) The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price. If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
FTX:BTCPERP
by Awinish
Bitcoin back to 30K soonBitcoin just retested its all time high range and recorded an inverted hammer in the supply zone (Weekly). Clear distribution is seen in lower timeframes like 4 hours and 1 hour; many patterns are identified. If these patterns were identified without the weekly inverted hammer, then we can consider long. But in this case, its clear indication of distribution. The script soon would test 58300 (CMP 61100) ranges and again can bounce back to 61500 ranges. This can form a triangle pattern. When that pattern is broken downside, the immediate support will be 48000 to 52000. If that is broken, 28000 ranges could be seen.
Short
by StudyingtStocks
1
Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably. If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary) Bear in mind that we haven't had a real correction ever since the 40K level of september ;) Let me know what you think
FTX:BTCPERP
by Awinish
Bitcoin Entering ABC Correction | Altcoins About To BOOM!Bitcoin closed a full bearish/red candle yesterday and today its price is moving below EMA10. After a new peak/high, All-Time High, it is normal for a correction to take place... So, where are prices ahead? You can see additional details on the chart. As Bitcoin corrects, the Altcoins grow I am looking at mainly ALTSBTC but the altcoins market, in general, should be entering a strong bullish wave. Each chart/pair is different/separate, but the big majority can start changing course now nonetheless. Which one is your favorite altcoin? Which pairs do you believe will move strongly next? Share in the comments section. You can check some of my choices in the "related ideas" below. Thank you for reading/sharing. Namaste.
BITSTAMP:BTCUSDShort
by MasterAnanda
1
Bitcoin Astrology New All-Time High, Full Moon, Mercury Direct &Bitcoin hits a new All-Time High right on Full Moon day. What does it mean? Are these related? Let's have a look at Bitcoin related to some astrological events. Bitcoin Astrology with Alan Santana First, we have a Full Moon in Aries today and it is widely known that the moon is closely related to human behaviour and emotions. When the moon is full, people tend to be more active and outgoing, ready to take risks, move ahead, release, maturation. The financial markets are also closely related to the sentiment of the people. How the masses are feeling is also reflected in the markets. By inference, we can say that the financial markets and the moon are connected. A full moon would be a great time to see Bitcoin move to a new All-Time High, especially when the moon is in Aries which is the first sign of the zodiac, the pioneer. Aries has an energy that inspires us to take action, to be brave, take risks and get on with the new. New paths, solutions, options, choices, and opportunities. Based on the above description, we can easily see why Bitcoin chose this day to move ahead... There is more. Bitcoin first peaked in April 2021 also hitting an All-Time High back then. A strong correction took place and at the same time, many planets (wandering stars) started going retrograde. A planet is considered to be in retrograde motion when we see it moving backward in the sky. When planets are retrograde we feel the need to stop, go back, check, revisit before resuming our path to growth. Five planets total were retrograde while Bitcoin was correcting and all these planets are stationing direct this very month. Recently Jupiter and Mercury were stationed direct and we see how Bitcoin is also moving forward now with almost full strength. This is just a glimpse of Bitcoin astrology. This is shared for your learning and entertainment. I am hoping that you enjoyed it. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda