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Btcusdlong

There is an analysis of the BTCUSD H1 chartIn our analysis, we found a number of data points. There has been a 64% drop in bitcoin prices over the year, and 75% since November 2021 when prices reached all-time highs of $69,000. It has been noted that the price has been forming a triangle with symmetry since last month during the consolidation period. Additionally, there have been multiple pullbacks and bounces that have tested Trigale's trendline over and over again. A triangle can be broken on any side, either downwards or upwards, according to the theory, and the price can appear anywhere. There is a target at 16714.82 & 16565.5 if the price breaks down this trendline. However, if the price moves above the upside trend line, a target area at 17062.44 is the target if the price breaks down the site trend line. With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
COINBASE:BTCUSD
by Enclave_fx
BTCUSD Bitcoin : "Falling wedge" and what's next! 23.6Practicality, simplicity and logic. Lack of emotion in trading fused with the ability to see pure rational and logic is crucial. A classical reversal "falling wedge" is appearing on the chart with connecting lows and highs of the last close to 12 month of trading. The range of the wedge currently stands between 17,500 to 31,000. The more likely scenario is a resistance breakout and resume of upward trend, meaning current target and target to break is 31,000 for full on up-trend to be back and a new high within reach. This may take a lengthy period of time of weeks to months. The less likely scenario is a drop below 17,500 which could take Bitcoin back to 12,000 horizontal support stretching back to 2017. Bitcoin is capped to 21,000,000 coins and currently stands at 19,000,000. Once supply is capped , what is the endgame for Bitcoin? Today roughly 11% of the population holds crypto, once the percentage hits 50% , what do you think the price of Bitcoin would be considering no more coins can be mined? Recession, inflation and so forth give the Bitcoin potential to be huge. With descending trust in banking and conventional currency, which the last 2 years significantly exposed with trillions of USD printed, cheap endless credit globally and an overall aging monetary system. The short-term may prove to be low risk high reward territory. 17,500 immediate support, compared to 31,000 target - 20,000 at the moment of writing this. Trade with caution! -------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! I hope this proved to be useful, if so - I would appreciate a like and follow :) Any comments and questions are welcomed, looking forward to answer them all. I am not a financial advisor and encourage you to do your own research before trading. --------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
2
BTC Tradeplan updateHi @Everyone, Update on previous trade plan : - Our low risk long setup played out wel and hit the take profit level. - As u can see we hit our short area zone, and we just got confirmed bearish divergence on the 1,2,3 hr TF ( atleast ) So far the scenario is following the steps where we waiting for, 1 Long setup should hit short area 2 Short area got hit 3 Bearish div confirmed. Right now its expected BTC should reverse atleast towards the first box on the chart, Regards, Team Quantistic
by Quantistic
4
Acending bottom formation scenario ''IF'' the BTC bottom is inHi @everyone, Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low. In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example. This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out, But.... ''IF'' this scenario could play out, we are well prepared for it. A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading. Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this.. Enjoy this possible scenario thread, Quantistic
by Quantistic
#BTCUSDT - Thoughts out loud plus technical side. #BTCUSDT #BTC #USDT. Good afternoon! The idea of the possible development of the situation on Bitcoin and the direction of the cryptocurrency market in general. For this period of time, the price continues to decline and there are no purchases by professional market participants on the chart. If the buyers do not keep the price in the range of 15555 - 17777, we can expect further price decline, prospective prices The chart shows possible scenarios:1.2. A.B.C. - Price levels from which we can see the resumption of acquisitions. Against the background of the technical picture, the news background begins to slowly fill the information that one of the largest mining companies in the United States, Core Scientific, has filed for bankruptcy after the fall in cryptocurrency prices and rising energy prices. Core Scientific mines reliable cryptocurrencies such as bitcoin. The process involves connecting data centers across the country equipped with highly specialized computers that process mathematical equations to verify transactions and simultaneously create new tokens. This process requires the use of expensive equipment, some technical know-how and a lot of electricity. Core's market capitalization fell to $78 million as of the end of trading on Tuesday, down from a valuation of $4.3 billion in July 2021. Over the past year, the stock has fallen by more than 98%. According to a source familiar with the situation in the company, the company is still generating positive cash flow, but this money is not enough to repay the financial debt for the equipment it leased. The person added that the company will not be liquidated but will continue to operate as usual, reaching an agreement with senior securities holders who hold the bulk of the company's debt. The company said in October that holders of its common stock could experience a "total loss of their investment" but that this may not happen if the industry recovers. The company also said it would not pay debts in late October and early November and said creditors could sue the company for non-payment. At Core, which primarily mints bitcoins, the token price has fallen from an all-time high of over $69,000 in November 2021 to around $16,800. This loss of value, coupled with increased competition among miners and rising energy prices, has resulted in shrinking profits. This is the first time in the history of the crypto industry that more than 25% of the total amount of bitcoins mined in 2022 falls on this company.
by WVitalievich
#BTC/USDT $20k target if this happens!In our last chart, we predicted the $18.4k target. The price followed every single point. For now, the support remains around $17350. The price is likely to move higher from here. Possibly $20k. The second scenario is if we lose the $17k level, we are looking at a $15k target for the Bears. (Less likely) For the $20k target, the condition being BTC holds the $17.3k level which is also the invalidation point of our chart. Let us know what you think. Please show your support with your likes if you find my updates helpful. Thank you #PEACE
Long
by Cryptorphic
22
Bitcoin (BTC) Bottom just one step awayWhen comparing the Bitcoin 2018 bear market to the 2022 market after June, the 2022 monthly candle is identical to the 2018 market status such as July, August, September, October, and now December. I’m a data analyst, and I know that if you ask the right question about the right data, you can gain some interesting insight that can help you make a decision to take the next step, so I analyze the previous market data for bitcoin to compare with the current market situation, so let’s get started. Discuss the Bitcoin monthly chart from 2018 and 2022 in brief 1- Bitcoin monthly chart from (July to December) 2018 First, we focus on the monthly candle from July to December, in which we take some facts, such as: in July, when BTC moves up to 46% at a high of $8,496, the $8,496 level makes a resistance level, and the $5,774 June low makes a support level; the next three months’ candles move in this support and resistance area, as shown in the chart below. The red line in the charts below shows the June low level, which is the new 2018 bear market low. The next month, if we count wick to wick, the July monthly candle moves positively by more than 46%, with a low of $6,076 and a high of $8,496. August, September, and October In this three-month market, the Monthly Candle moves in the June support and July resistance areas with choppy very tied-closed movement, then begins the November market with the same tied-closed movement, but on November 14, when the market breaks the June support and makes another new low of the 2018 bear market. November’s monthly candle closed at 37% downside, which is a huge red candle after September 2011. BTC makes another new low in December 2018 at $3,122, which is the candle-wick support from June 2017. If we measure the July-December market downside percentage, which is 63% down from July-December. Summarize 2018 July to December Bitcoin Chart In July 2018, the BTC price was up more than 20% after the June low. BTC moves in a tied range, which is June low and July high. From August to October, the BTC monthly candle closed in the red. From July to December BTC was down more than 62% from the top of July 2018. November, when BTC breaks the June support and makes a new all-time high. The monthly candle in December marked the bottom of the BTC bear market in 2018. December’s monthly candle breaks November’s new low, and December’s wick bounces from the June 2017 support. 2- Bitcoin monthly chart from (July to December) 2022 Following the collapse of Luna in May 2022, bitcoin makes a new all-time low in June at the price of $17,592, and July was a good month for BTC price to gain more than 17% after the previous three months of decline. From August to October, BTC was in a closed-range bond, which ranged from $25,000 to $18,000. June low is working as a support, and July high is working as a resistance. On November 9, 2022, following the FTX saga, BTC broke the June support and set a new low of $15,479, so now everyone is panicking because BTC broke critical support and crypto is in trouble. The Twitter Crypto family claimed Bitcoin would fall to $10,000, implying extreme fear in the market. Before we get to the bottom of bitcoin, let’s take a look at the 2022 market summary and BTC 2017 ATH and 2021 ATH comparison. Summarize 2022 July to December Bitcoin Chart On July 2022, the BTC price was up more than 17% after the June low. BTC moves in a tied range, which is June low and July high. From August to September, the BTC monthly candle closed in the red. From July to December BTC was down more than 38% from the top of August wick 2022. November, when BTC breaks the June support and makes a new all-time high. Bitcoin 2017 ATH and 2021 ATH If we compare the 2017 ATH to the 2018 bottom, BTC declined by more than 83%. In 2022, the bottom is not confirmed, but we see that from 2021 ATH to 2022 November, BTC declined by more than 77%. At the time of this writing, the December monthly candle is not closed, so where is the BTC bottom? So, where is the 2022 bear market bottom? In our detailed discussion of the BTC 2018 and 2022 bear markets, we got some insight that bitcoin’s bottom is just one step away. In 2018 BTC breaks crucial support in November and make a new low level then December was the bitcoin bottom which makes support from the June 2017 candle wick. Now BTC is the same as the 2018 bear cycle, and I believe Bitcoin’s bottom is near in December, which is $14,000, because June 2019 gives support to this $14,000 level. If you’re bearish in this market, it means you don’t know the market cycle when BTC is on top in November 2021, so that’s a time to be bearish, not at this time. Glassnode Insight about 2018 and 2022 Bear Market Gassnode compares the current cycle to all of the major bear markets in the past. He does this by measuring from the realized capital peak to the trough to get a sense of the relative outflows of capital: 2010-11 saw a net capital outflow equivalent to 24% of the peak. 2014-15 experienced the lowest, yet non-trivial capital outflow of 14%. 2017-18 recorded a 16.5% decline in Realized Cap, the closest to the current cycle of 17.0%. Conclusion I’m neither bullish nor bearish at this time because I believe bitcoin’s bottom is at $14,000, and I believe the market is not recovering quickly from December to April, which is getting boring because I believe bitcoin will move in a tied-bound range in the coming month compared to the 2018 bear cycle. If everyone is waiting for BTC at a $10,000 price, they never buy it when BTC is down at a $10,000 price; they think BTC is down again and they pick the $5,000 price… LOL
BITSTAMP:BTCUSD
by humairqureshi
2
The Best Historical BTC BUY/SELL signalHistorically speaking, on a monthly chart of Bitcoin Index. Hidden Bullish divergence (H Bull) has always been printed at the market bottom and Bearish Divergence (Bear) when market tops. Looking at this chart you can see we're still waiting for it to print H Bull on monthly. I have been following this for the the market tops and bottom and this is not some "magical" indicator. It is the basic signal which has been used and tested through out the history of trading! I'll be updating when it will print the H Bull. Although, you don't need an indicator of this. Is is a very simple concept to learn and you can google but make sure I have seen a lot of false information out there as well. Also, the monthly momentum shown by red and green waves is still red which indicates selling pressure and no indication of Buying pressure yet. Looking at the most important part of trading, the Price Action. The next strong demand area is 13k to 9500, seem like BTC wants to go there. Let's move to Macro Economics, If you compare FED pivot with S&P500 or even DOT COM bubble. The indexes fell even more after the pivot and rn we're not even close. So, let's say even if FED pivot and interest rates starts to go down, still, the risk assets will down for a while before getting reversed.
INDEX:BTCUSDShort
by The3eyedFrog
5