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Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom. Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far. Nevertheless, in short term, I'm strongly bullish and I expect a new leg up. Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k. However, from a speculator's point of view, a buy here is not making sense from a risk perspective In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
$BTC BitcoinBTC Price Live Data The live Bitcoin price today is $20,731.01 USD with a 24-hour trading volume of $29,721,602,588 USD. We update our BTC to USD price in real-time. Bitcoin is down 0.91% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $399,332,928,479 USD. It has a circulating supply of 19,262,593 BTC coins and a max. supply of 21,000,000 BTC coins. What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Who Are the Founders of Bitcoin? Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. What Makes Bitcoin Unique? Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
BINANCE:BTCUSDShort
by BADQOMOCAWGOWLD
Bitcoin 2018 Bear Market v 2022 Bear MarketThere is a striking similarity between the 2018 and 2022 bear markets in Bitcoin as illustrated on this chart. This is the same thing I have been discussing for months now on Twitter and YouTube while so many other large influencer accounts were screaming that it HAD to go below $12K. While there is no guarantee that the low is in yet (there are no guarantees in trading except that you WILL lose money at times), there are a number of signals that it very well may be. This is just one of them. Break out impulsively above the weekly pivot and there should be no looking back.
COINBASE:BTCUSD
by Chris_Inks
1
Bitcoin Analysis 14.01.2023Hello 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! You can also check out my previous analysis of this asset:
by basictradingtv
33
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R. My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon. Technically speaking, above 21k is the resistance zone and from this zone, a correction could start. Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade. In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)
BITSTAMP:BTCUSD
by Mihai_Iacob
23
Bitcoin-TA-2023 Short Term AnalysisHello everyone, hope you all are doing good, Not Financial Advice though. It was a massive pump to 21300 something as i said in my yearly and other Bitcoin Analysis that Bitcoin will definitely test 30k zone somewhere in Q2/Q3-2023., So What next??? lets check the possibilities what will happen. In chart i explained the 2 possibilities mostly can play out. Possibility1: Reverse Head n Shoulders Pattern pullBack = 18800k roughly target = 29k roughly. (Orange color) Possibility2: If this move is failed move, than target = 14700 roughly (Red color) I mostly expecting Bitcoin to move in upside direction with in this year 2023. Thank you, stay safe and stay smart.
INDEX:BTCUSDLong
by nmchary
Bitcoin – last chance for bears!Hello! Every time when my analysis go wrong I am trying to analyse what I did wrong. There were 2 mistakes: 1) I was right too often last 3 months about the market and I decided that I cannot be wrong. Thank you market for the cold shower which expalined me this mistake. I should cancel my trade when it went wrong. 2) I placed limit order instead of observing the market because it filled during the night. I was scared that will not enter at the best entry point. As the same time I can praise myself for the excellent money management. This is the reason why this trade is not a disaster for me. Now I am going show you my new scenario, it’s always the same, but something was changed. Let’s take a look at the 1D time frame of the WHITEBIT:BTCUSDT chart. I changed the wave 4 top to the $21500 level when the FTX collapse crash started. I decided to do it because the previous movement was too ugly to be the impulsive wave. $15600 was the end of the beautiful wave 1 inside wave 5. Now I consider the wave 2 end, which was represented as a zigzag correction. If you are not still in short trade you can use the setup from the chart. The Bitcoin now is testing the 0.61 Fibonacci retracement level. The majority of second waves reach this level before the reversal into wave 3. If the price will clearly break $20000 I am going to become the bull, because the bearish formation will be broken there. Promise you to become better. Please don’t hate me too much 🙂 ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
13
Bitcoin - a huge falling wedge is broken On the Bitcoin chart, on the daily timeframe, starting in June 2022, a pattern was formed - a falling wedge. To be honest, I don't respect technical analysis patterns and think that only some of them make any sense. The wedge pattern is among them. If you analyze it on history, this pattern has a high win rate on higher timeframes. I personally will not trade it, I have a different style of trading, quantitative trading (indicators), but it may be educational and interesting for you. Plus it is another prerequisite for continued growth. Bitcoin broke the falling wedge. At the same time, we see that the price closed above the upper boundary. So that is a positive signal. Closing below would be a negative signal. 🚀According to the rules, target = height = 42% ($26k) All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
by Yaroslav_Krasko
#Bitcoin Powers Higher, Clears Liquidation Line at $18.5kPast Performance of Bitcoin Bitcoin soared seven percent in the past 24 hours, rallying above the critical resistance line at $18.5k and shaking off the bear pressure of the better part of the last two months. Following yesterday's surge in prices, BTC is in green and looks set for the next leg up towards $20k or better in the sessions ahead. #Bitcoin Technical Analysis BTC bulls are in control. There are fundamental triggers behind this spring, vividly illustrated in the daily chart. Going forward, traders may look for entries to double down on every dip, within yesterday's bull bar but ideally above $18.5k. This preview holds because yesterday's bar is with rising trading volumes and wide-ranging, breaking above a multi-week liquidation line. The immediate target for optimistic buyers is at $20.7k, marking November 8 high. What to Expect from #BTC? Inflation is reducing as the FED takes congruent steps to tame raging consumer prices. This is impacting asset prices positively and building confidence. As long as inflation continues to fall, BTC stands to gain even more. In the short term, primary support is at $18.5k. Resistance level to watch out for: $20.7k Support level to watch out for: $18.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart. Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern. As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway. A move back to the lower line is a warning and could signal the pattern is failing.
EIGHTCAP:BTCUSDLong
by Eightcap
BTC Bitcoin: Directional MovementToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The current upward momentum on the BTC price may be short lived as the RSI is very high in the overbought region. I have shown two directions which the price can move towards. Keep in mind that BTC price volume is still low, which is a concern. Expect some downward movement to cool off the RSI before price really makes a directional move. I have been calling drops on BTC since November and December of 2021. Be careful to not follow the hype train which many social influencers put up. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BITFINEX:BTCUSD
by MillionaireEconomics
BTCUSDT - pending Inflation. The expectation of a short- Came to the area I marked in the video here -https://www.tradingview.com/chart/BTCUSDT/g0HMDQc6-bitcoin-nachalo-bychbego-trenda-2023/ here- here- I started longing since January 22 The markets are coming alive because of the injection of money into the economy through military companies that produce weapons and so on. written here money injection Now it's more likely to see a correction than an acceleration. A big sign of this: a friend I wrote to 2 months ago who I told to buy crypto and invest in the market. But he only matured today. He says he wants to buy (haha, bitcoin is up against resistance, I am waiting for a pullback price, but he wants to gain a position). What else to add: Broke through the trending orange. But there was no test. So we wait for the retest a trendline. If it confirms the breakthrough. Then we will see in the near future 30k prices on the Father *BTC* . What are your thoughts?
by Artem_Dishel
2
Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame. Be sure to try reading this post to get additional information about today's post.👇 According to the post above, Bitcoin is pulling back to the heavy support zone it missed. The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone). Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇 🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel. Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
#Bitcoin Peeling Higher, Next Stop $18.5k?Past Performance of Bitcoin Bitcoin is up four percent versus the greenback in the last trading day as the coin peels higher. The brief consolidation of the weekend has been straightened as activity is re-injected, heightening volatility. With prices above $17k and $17.5k, BTC may easily breach $18.5k as the coin turns the corner. #Bitcoin Technical Analysis The path of least resistance is, in the short term, northwards. Specifically, the coin is within a bullish breakout formation, confirming the bull bar of November 30 and December 20. As it is, every low may offer entries now that the upside momentum is firm. Notice that BTC bull bars are along the upper BB, pointing to decent upside momentum. Provided prices are above $17.5k; every low is a loading opportunity for optimistic buyers angling for November 9 highs. What to Expect from #BTC? BTC is technically bearish, per the formation in the daily chart. Even though bulls are in control, the coin is trading within the bear bars of November 8 and 9, a net negative from volume analysis. Until BTC breaks out from $18.5k, the coin may form the base for another leg up to $20k, or better. Resistance level to watch out for: $18.5k Support level to watch out for: $17.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin is about to crash!Hello, my friends! The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days. Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3. The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
47