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Make it or break it for Bitcoin? Make it or break it? Bitcoin will close the weekly candle within two hours. Closing the week below the 0.618 Fib ($ 20.200,-) is not convincing and shows in my opinion weakness for maintaining these price levels. Even $14k is then a possibility; it's the 0.786 Fibonacci retracement level. An hour ago, Bitcoin made its first attempt to break the 20k level. Volume is pretty low, though, so that doesn't look good for the bulls. I expect quite a bit of volatility over the next two hours. Regardless of the low volume, I am still confident that the 0.618 fib is the bottom and a trend reversal is about to occur. It's time for the bulls to roar; my target is $126.000,-. It is the 1.382 Fibonacci extension. Time will tell if we'll see $14k first, though.
BITSTAMP:BTCUSD
by joerivdpol
1
Bitcoin and alts in large ascending triangleBitcoin and some alts are in an ascending triangle pattern. If this happened during a macro uptrend one would place an 80-90% chance on this scenario playing out. Since the markets are in extreme fear and Bitcoin could easily dump again, I would put it at closer to 60%. You never know, but these do more often than not break to the upside and if it does, the target in this case (SOL) is $58-$66. Current Solana price? $33. BTC target would be $25.5-26k from current $19k FTX:SOLUSD
BINANCE:SOLUSDLong
by notfadeavvay
Could ETH Be Nearing a Bottom with "Blood in the Streets"?ETH could be nearing a bottom. The selling has been brutal. ETH has sliced through its 200 SMA on higher time frames, i.e., the weekly chart. In the coming days or weeks, if COINBASE:ETHUSD hits 875 approximately where the orange circle appears on the chart, the second leg of the decline will be proportional and 100% of the first leg of the decline in dollar terms. This is a multi-month trade idea, attempting to catch a multi-month trading low in ETH. The target is shown above at 2869 , a 50% retracement of the entire decline from the November 2021 high at 4867. This is a multi-month idea. However, do not try to catch a falling knife without a stop. A tight stop should be used to keep risk / reward acceptable and prudent. A stop could be placed at 800, or at -10%, or wherever a person's risk tolerance is. If ETH closes below 750 where substantial support seems to lie, this trade is invalid , and the point of invalidity has been reached. This is where discipline is key for traders—knowing when to cut losses short is vital to survive. (Long-term investors who don't mind holding with a 50% loss maybe have a different approach, with fundamental crypto arguments to support their investment.) Do your own due diligence, risk of loss is high with crypto, so understand the risks in light of your personal situation. And read the disclaimer below please.
COINBASE:ETHUSD
by SquishTrade
1
Bitcoin capitulation 2022Since we are experiencing many market factors like high inflation and recession fears along with Fed rate hikes for 2022 and also the overwhelming defi platforms going insolvent this year the price of Bitcoin may not be at its bottom point yet. This is actually my first ever bear chart analyses for the next 6 months. It is apparent that the expanding cycle theory may no longer have an effect for this year. Unfortunately, we are faced with too many negatives for the 2022 bull peak for Bitcoin. Now we have to sit tight and see when we will come out of this bearish zone and then start thinking about the next bull. We broke the 2017 Bitcoin high of $19800 when we pierced down to the $17K level. The estimated bottom for Bitocin in this bear could go as low as $10k according to Garreth Soloway, a well known and highly respected charting expert.
BNC:BLXShort
by altcoinb
1
1INCHUSDT is testing the resistancesThe price bounced on the weekly support on 0.54$ and after the it created a nice bullish impulse until the 4h resistance and daily dynamic resistance. The price needs to create a new breakout from here in order to retest the daily resistance on 0.9$. How to approach it? IF the price is going to flip the current resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
Bitcoin... VRVP levels are marked! It's really starting to feel like we put our bottom in... As you can see on my chart, $BTC looks like it has found some kind of steady support on the Alligator Trend Indicator. Now, this does not by any means signify that we are out of the woods yet. Bitcoin still has a few major hurdles to overcome. One thing that new traders should understand is support & resistance. (I know, you're already thinking... "But D, I do understand support & resistance.") I mean understanding how 50k, 40k, 30k & even 20k were all price areas where $BTC became less volatile & hung around these prices for a while. The longer Bitcoin or any tradable asset hovers around the same price area, being range-bound for so long. This builds up visual range volume profile aka VRPR; which is the amount of volume being traded at different prices. unlike traditional volume where each candle presents how much volume there was between specific candles open & close. The VPVR measures horizontally. The more you zoom in or out, the more the VPVR will change; and that's because it is measuring the amount of volume compared to the number of candles shown on your chart at any given time. When you zoom out on a high timeframe like the daily chart (displaying price action spanning months/years in the past)You will see the VRVP change drastically and show high volume correlating with prices where the most trading occurred. The VRVP is a very powerful indicator that shows volume as support & resistance. hope you're sticking with me here... Since Bitcoin didn't come crashing down from 69 k to 17.5k within just a few short days or weeks. This created very strong support & resistance levels. Now we all know that when we break through a support level, it then becomes resistance & vice versa. Bitcoin held pretty strong at different price areas and this makes it that much harder to now break these resistance levels and confirm them into support. There is a lot of bullish signals, but we can't let that cloud our judgment. Even though it sucks, we have to realize the possible bearish outcomes in order to give us a more balanced & realistic idea rather than constantly assuming everything is always going to go up. We could test a resistance level and get rejected. If this does happen, I will be making sure that I'm live with my students who survived the bear market... because I believe if we do get a push up to the 23k area & get rejected... That we will 1st off, have the great shorting opportunity & can make some good money; a 2nd... I believe that would be our final push down, $BTC will capitulate and we will start the beginning phase of the next bull run! I already explained how and why I believe we're a lot closer to a reversal than some analysts may think & that's because I think the bull run ended & the bear run began back on April 14th, 2021, not November 10th.
BITSTAMP:BTCUSDLong
by PlanDeFi
BOTTOM IS CLOSE ON BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY . This is my third video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english. I forgot to mention that 300 weekly ma is also at the bottom of my monthly channel and also i forgot to mention that i am still in my short position from the top of the range at 32400k. What do you think about my second third video and analysis ? Feel free to leave a comment. If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. DON'T SELL YOUR CRYPTO BTC TO THE MOON!!!
BITSTAMP:BTCUSD
by Mladen94
8
LTCUSDT compressionA breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be either to the upside (trend reversal) or to the downside (trend continuation) so let's just wait and see when the breakout comes. Remember to do your analysis, be patient and always look for confirmation from the indicators.
by a.b
BOTTOM of Bitcoin is probably inHi everyone, I closed all my bitcoin shorts yesterday around 18k usd per btc since my macro targets have all been hit. Meaning that I am bullish from now on. The reason for closing all shorts is as follows: - max 1.618 reached if in the case of expanded flat; - max 1.382 reached if in case of wxy for a full 2 or full 4 correction; - trend line channel hit from wave 1 to 3 spread from 2; - bullish hidden divergence on the 3D RSI; - 0.786 fib hit considering it might even be a full 1-2 correction (very bullish); - 660 sma hit (best place to buy); - macro pi cycle low with my own tweaks has shown up (meaning a bottom is probably in); All of these signals, give me a reasonable estimation that we will at least bounce back to the 30-35k area. My personal target will be 78k usd, it is the wave 1 extension from the probable 4 and also the median channel of the trend line channel. Yes, we might get lower, perhaps even 14.5k usd, but since all my macro criteria to buy btc got met, I need to stick to my plan. I bought btc again long term from 18,5k usd. I was scared to sell at 65k usd and now I am scared to buy at 18,5k usd. But in trading, we need to follow the trading plan, not our emotions. As allways this is no financial advice, stay stafe and trade well.
BITSTAMP:BTCUSDLong
by HodlCrypot
3
BITCOIN is looking prepped and ready for a relief rally! Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week. I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and bulls will be looking for a continuation of the reversal upside. All of the lines you can see are a mix of Fibonacci Speed Resistance fans, micro and macro trend. Enjoy!
BITSTAMP:BTCUSDLong
by JamesSpindler
1