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Bitcoin trade idea - 4H Ichimoku levels When prices go up, look for shorts. Here we trade 4H Ichimoku levels. Bitcoin price hit an important level on the 4H Ichimoku cloud ($17,209). On November 30th we wicked above the level, only to come back for a higher high on December 1st. However, on the daily and 1H chart, the increase in price lacks conviction. Price action looks rather corrective up until now. This could potentially mean that we've just made a new swing high and are going to reverse for a new swing low. What levels does Ichimoku give us for a potential long entry, when prices go down? Below $16,659 we're trading below the base of the green Ichimoku cloud , which gives a higher probability for lower prices to be tested. In such a correction we might expect a reaction around the $16,360 mark. However, any price movements to the upside from that level are probably corrective, and lower lows are to be expected. For support we look at the 4H Ichimoku levels formed end of 2020. These levels are all below the previous two lows, formed on November 9 and 21. Breaking these lows will make a lot of traders extremely bearish . However, this is not a favorable position to short (on the break itself), as prices are trading on support. There's a higher probability of buyers stepping in on these levels, absorbing selling pressure. In that case a 'D' might be formed, rather than another impulsive move to the downside. Without the impulse to the downside, short traders will soon find themselves in an uncomfortable position. Stops from short positions will give buying pressure, leading up to the 'E' wave to be formed. Remember, set your alert and trade the reaction. Happy trading!
BYBIT:BTCUSD.PShort
by FR_Ambrosius
2
Bitcoin weekly chart analysis with possible bottom anticipationHello all, As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so. I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA ( Dollar Cost Average ). I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !
by Shamshiri_Investments
1
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. * SUNDAY SCARIES WATCH . Cryptos are relatively flat with a bit of upside as we get halfway through the weekend. With no really important economic data or events happening until CPI on 12/13 and the last FFR hike on 12/14, we could see a nice little run in Equities and Cryptos this upcoming week. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently forming a Bull Flag pattern after breaking the previous Ascending Triangle pattern as it trends sideways with a downward tilt at $16974. Volume has been shrinking and alternating between buyer and seller dominance for the previous five sessions, this is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $17180, this margin is bullish. RSI is currently trending up at 48 after forming a soft trough at 46, the next resistance is the upper trendline of the descending channel from January 2021 at ~58. Stochastic remains bearish and is currently trending up slightly at 88 as it attempts to form a bullish crossover at 92, it's barely clinging on to the 'bullish autobahn zone' (above 90). MACD remains bullish and is currently testing -232 minor resistance. ADX is currently trending down at 37 as Price is trending sideways, this is neutral at the moment. If Price is able to push up from here then it will likely test the 50MA at ~$18300 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (two consecutive closes below) $16600.
COINBASE:BTCUSD
by dailytaguy
Bitcoin - Elliott wave count to the bottomIn this 4-hour chart I consider the Elliott Wave count and what this might mean for the current posture and ultimate low. I also point out a prior line of resistance is as yet unconfirmed support and the break above the neckline hasn't manifested in bullish confidence or volumes. In doing so I feel I might have answered the question I posed in the last post, identifying that the iH&S reversal pattern is more likely a fake-out than a break-out. What do you think? Are we now entering a final wave 5 of the impulse lower, or is my count wrong, support lined don't need confirmation, volume on bullish indicators is insignificant, and BTC is now unstoppable?
Short
by Crypto-Swing
1
The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time. In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity. Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover. Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions. This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try." On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered." Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat. Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose." I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look. So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way. Thanks for looking WeAreSat0shi Stay Blessed!
BNC:BLXEducation
by WeAreSat0shi
1
Bitcoin Analysis 02.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
by basictradingtv
4
#BTC/USDT Massive Rally Ahead! ARE YOU PREPARED??BITCOIN:- So far we have seen a rejection around the $17k level. Good thing, BTC broke above $16500 which is now the support. Any dip for me is a buying opportunity with a Stop Loss below $15880. IMHO, There's a massive rally coming soon this month. This low volatile PA is an indication that a high volatile move is coming. Like they say, Calm before the Storm! BTC can touch even $25k! Be sure to get positioned into BTC if you think the same. BTC can easily break $18.4k and above. Do not go with the herd and wait for $13k right now. I could be terribly wrong but the chance is small and so is the Risk Reward Ratio. This is all logical reasoning and as you know all the bad news has already been sold all the way to $15.4k. This is the level we discussed when BTC was trading at $19k. INVALIDATION:- Daily close below $15.4k. So, DYOR. This is not financial advice. Please Hit the like button and share your views in the comment section. Thank you PEACE
Long
by Cryptorphic
6
BTC LONG BREAKDOWNHELLO TRADERS, IM HERE WITH BTC/USDT LONG TODAY !! Very slow London session today. All eyes are on the US data being posted this afternoon. Strong data could increase the FED’s decision of a slower pace of recovery, also affecting the price of the dollar. Today, I would definitely look for long positions on BTC and ETH that could confirm the current uptrend. If BTC goes below $1710-20 today it will not sustain the current trend and will be a washout to around $16875 I will keep you informde, SEE YOU SOON
Long
by Crypto-Frantisek
BTC - What December Holds HistoricallyHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually go, bullish or bearish ? It's no surprise that it seems to be a near equal amount of months up vs. down. Over the 11 months observed, we notice 6 green Decembers and 5 red Decembers. This makes probability near equal. However, we could take a look at a few other interesting observations: 💭 Highest increase for Bitcoin was +58.92% when the lowest decline was only -33.15% 💭 More often than not, two months of the same color follow 💭 The biggest yearly increase was during December 2012 - December 2013 with a whopping yearly increase of 9,899.19% 💭 The second biggest increase after that was from Dec 2016 - Dec 2017 with +2,681.15% 💭 The biggest yearly decline was from December 2017 - December 2018 with BTCUSD losing -84% The crypto winter that started in December 2018 was one of the worst yet... But with the industry under pressure, could this year be the new record? IF BTCUSDT were to drop to $11 000, that would be a -81% decline from last December. From all the above... Which way do you think the price will go during December 2022 ? _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:BTCUSD
by CryptoCheck-
41