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Bitcoinanalysis

Bitcoin – liquidity collection will cause the dump!Hello, everyone! The target from the previous article has been reached and I think that Bitcoin will not grow above the current price. The upside correction has been finished and now it’s time to see the new deep dive. Let’s take a look at the 4h timeframe of the BTCUSDT chart of the WhiteBit exchange. I made a mistake with the short entry point at $17300 because I supposed that wave C have been finished there, but wave is extended and I decided to not close the short trade, I told about it yesterday in short update. Now I consider the reversal point, may be we will see one more local pump but it will lead to more severe crash. $18200 was the magnet zone because of liquidity of short traders. Now there are no any significant liquidity above, but we have a ton of liquidity below, I suppose the next impulsive bearish wave will collect this liquidity next couple of months. Best regards, Ivan
Short
by Skyrexio
10
#Bitcoin Rallying, BTC Bulls Target $18.5kPast Performance of Bitcoin Bitcoin powered above $17.5k on December 13, breaking key liquidation lines. With BTC rallying and buyers' belief cemented, there look to be more opportunities for upsides in the days ahead. Because of this, traders can look for entries to ride the December 13 breakout, loading the dips and targeting $20k in the days ahead. #Bitcoin Technical Analysis Bitcoin is within a bullish breakout formation. The consolidation of the first two weeks of December is proving to be an accumulation, a net positive for optimistic traders. A notable observation is that the breakout above November 30 high is the spike in trading volumes. With bulls in charge, traders can load on dips above $17.5k and November 30 high, expecting more gains ahead in continuation of the surge of late last month. At this pace, the next target stands at $18.5k, marking November 9 high. What to Expect from #BTC? Buyers are upbeat, but the formation is bearish from a top-down preview. Even though bulls are confirming buyers of late November, prices are within the bearish engulfing bar of November 9. This, therefore, qualifies bears from an effort versus result perspective. 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 Breakout! Big Support Resistance Levels to Watch!Bitcoin finally broke above the 4h 200 EMA and horizontal resistance at $17,300! This was a HUGE step for BTC since that level has acted as resistance for some time now. Now the question is, where do we go from here? The big levels to watch are the top of the channel at $18,000 and the MAJOR resistance at $18,700. I'm expecting Bitcoin to at least retest the support at $17,640 before continuing higher. If it breaks through that support, then the next MAJOR level is the 200 EMA and horizontal support combined with the bottom of the channel at $17,300. These would be great levels to DCA (dollar-cost average) if it gets there. If you enjoyed my TA or had any questions, please comment below or send me a DM :)
Long
by CryptoScripts
#BTC/USDT Geopolitical Factors or Manipulation?Welcome to this Quick BTC Update. A close below $16588 will trigger a bearish rally toward $15k. I see a bullish rally in the charts with a target of $18k+. BTC is currently hitting the support with a demand zone from $16500 to $16800 level. The Russia-Ukraine war is back again, recently 100 missiles were fired again. This has been going on for a long time. The FTX saga is over, there's no more pain IMO which is bigger than the FTX. I AM ACCUMULATING. Good thing, we closed 75% of our 7 altcoin positions in massive profit when BTC was trading above $17.2k. 25% stopped out with a low profit. Only CHZ was stopped out with a small loss. You were warned on multiple platforms. Check out if you haven't yet. Not Financial advice, DYOR! Do hit the link button if you want to support my work as it motivates me to post more setups and updates like these. Thank you #PEACE
Long
by Cryptorphic
7
#Bitcoin Consolidates for 13 Days Inside a $2k Trade RangePast Performance of Bitcoin Bitcoin remains in consolidation, with bulls hopeful of a shift in trend in their favor. This forecast is because of the coin's trend inside the November 30 bullish engulfing bar. Since bulls are holding price action inside this bar, there could be more room for upsides in the short term. However, this largely depends on how prices react at critical liquidation levels. #Bitcoin Technical Analysis Bitcoin is technically bearish in the medium to long-term preview. However, there are signals of strength in the short term. Since the beginning of December, prices have been in range inside the November 30 bull bar with clear limits at $17.5k. Unless otherwise, BTC break above $17.5k, confirming gains of late November, sellers will remain in charge. Conversely, any confirmation of late November 30 gains will see BTC fly towards $20k as anxious buyers propel the coin. What to Expect from #BTC? Sellers are in control at spot rates from a top-down preview. This outlook will come to pass should BTC slide below $16.5k and the current range as sellers of early November 2022 flow back. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. *Markets rallied on hopes for a lower US November CPI tomorrow morning and if it's lower than in October expect for a continued rally in Cryptos and US Equities; however, if it's higher then a sharp downturn is likely. The last FOMC rate hike of 2022 will be following the day after on 12/14; if it's 50bps then a short-term rally is likely, whereas a 75bps rate hike would likely be bearish. SBF was reportedly finally arrested today in the Bahamas after pulling out from his agreement to testify to US Congress , he will be held in the Bahamas until a formal request for US extradition is made. The EU has placed sanctions on Iran for supplying Russia with drones for their attack on Ukraine in addition to their violent response to social protests . Cryptos, US Equities, Commodities, VIX, Short-Term US Treasurys, GBPUSD, EURUSD, JPYUSD and NI225 ended today's session up. DXY, Long-Term US Treasurys, US Equity Futures (aside from NASDAQ), CNYUSD, HSI and N100 finished down. Key Upcoming Dates: US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; Next GDPNow US Q4 GDP estimate 12/15; 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 trending sideways at $17100 for a twelfth consecutive session as it approaches a retest of the 50MA at ~$17800 as resistance. Volume finished today's session Moderate (moderate) and broke a three day streak of seller dominance. Parabolic SAR flips bearish at $15700, this margin is neutral at the moment. RSI is currently trending down slightly at 50, the next resistance is the upper trendline of the descending channel from January 2021 at ~58 and the next support is at 42.41. Stochastic remains bearish and is currently on the verge of crossing over bearish at 88.29 support. MACD remains bullish and is currently trending sideways at -101, it's still technically testing -232.42 resistance. ADX is currently trending down slightly at 24 as Price continues to trend sideways, this is neutral at the moment. If Price is able to breakout then it will have to get above the 50MA at ~$17800 as resistance before it can potentially test $19417 resistance . However, if Price breaks down here, it will likely retest the local low of $16200 as support before potentially retesting the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (one close below) $16800.
COINBASE:BTCUSD
by dailytaguy
Bitcoin - Structural WeaknessIn this study I point out a few of the artifacts in the BTC chart that provide a view of the structural weakness in Bitcoin while hinting at a target end of the bear market. The major elements are: A broken uptrend today of the recent rising channel (pink) at the same time as the larger declining channel (black) intersects its support line, demonstrating its dominance, following a bearish inside bar that projects price weakness. A confluence of intersections occurring most interestingly at $12k between December 22 and 23, with 2x of the previously described declining channel (solid blue) with the 0.618 support line of the primary Bear Market declining channel (dotted blue), with the 1x projection of the primary C-wave projection (1x the A-wave) and a line of untested support from the end of August 2020. The RSI is testing its upward trendline and the MACD is rolling over. (Notably, on every occurrence when both of these have crossed bearish, the market has had a precipitous decline.) Meanwhile, my Elliott Wave count projects that we are in the final minor leg of the last intermediate downward impulse within the C-wave of the primary ABC correction defining the Bear Market. What do you think? Is it just Apophenia on my part, or does the confluence of all these factors demonstrate structural weakness and project that a final decline to the bear market low is imminent?
Short
by Crypto-Swing
1
BTC NEXT 180 DAYSIn the last analysis, I pointed out how the course behaved by forming flags that ended in successive declines. Currently, I am looking at the chart from a broader perspective, and there you can see the potential range of declines. Below these values #btc falls out of the upward channel. I know that some people, are very much in love with #btc and believe more than anything that their cryptocurrency will only grow. personally, I think that the potential is very high BUT the current macro economic situation should be taken into account. Many do not seem to notice this at all.... We currently have 22k cryptocurrencies on Coingeco, consider if and who needs that much. In my opinion, someone will flush it down the toilet to clear the market and a new market will be created on these foundations. P
BITSTAMP:BTCUSDShort
by avanty3
7
#Bitcoin Accumulation Continues as BTC Firm above $16.5kPast Performance of Bitcoin There is more to yearn for from the Bitcoin price action. Although there are hints of strength, prices are flat. From the daily chart, buyers appear to be in control. However, BTCUSDT is essentially consolidating, trapped inside a $2k range with caps at $17.5k and $15.5k. With the coin relatively higher, there must be substantial gains above or below these limits for proper trend confirmation. #Bitcoin Technical Analysis Bitcoin bulls are confident. All the same, there must be a clear trend for traders to commit. Presently, BTC prices are consolidating. Depending on the breakout direction, bulls will either surge, building from November 2022 lows. As reiterated, there must be a defining breakout above $17.5k or, safely, the $1k zone above $18.5k with rising trading volumes. If not, bears from the better part of the year, pronounced especially in early November 2022, will remain in control. If BTC falls below $16.5k, it could sink further to November lows, pressuring traders. What to Expect from #BTC? Traders are closely monitoring the BTC price action. As it is, sellers are in charge, and the coin is in consolidation. It is bearish from an effort versus result perspective unless there is a clear breakout above critical support or resistance levels. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Bitcoin Will Hit 100k Bitcoin MARKET UPDATE Bitcoin support levels - 17000$ and 16500$ strong Support Bitcoin resistance - 17500$ and 18000$ strong resistance ——————————————————————— Analysis - BTC Support is at 17000$ and 16500$ Resistance is at 17500$ and 18000$ Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is slightly decreased Currently BTC RSI is at 67.95 BTC dominance is at 40.65 and Total Crypto Marketcap is at 858.3Billion
CME:BTC1!Long
by Waqar212
Bitcoin – bears dominate below this levelHello, everyone! My last call was quite accurate, after trendline resistance Bitcoin has started it’s dump, but today it faced with difficulties to break down the strong support. Today I defined the invalidation price level and first target if I am correct. Let’s take a look at the 1h time frame BTCUSDT chart of the WhiteBit exchange. Bitcoin has finished the upward Elliott waves cycle at $17300 where I opened short. This cycle represented wave C of higher degree. Hence I considered that the market is about start new impulsive wave to the downside. Now I suppose that wave 1 have been already ended, wave 2 was represented as the flat correction which hit exactly 0.38 Fibonacci level and dumped to $16700. I think it is the wave 1 inside wave 3. Current bounce is the wave 2 inside wave 3. The most rapid dump is about to start if I am correct. If you have not still executed short trade, I think is is proper time to do it. Stop loss is tight. Potential reward is great. If I will be wrong it means that Bitcoin will break the $17400 local high and I am not so good as I think about myself and will continue studying trading chaos (of course I will continue anyway). Best regards, Ivan
Short
by Skyrexio
15
#Bitcoin Remains Wavy But Up 2%, Will BTC Bulls Succeed?Past Performance of Bitcoin Bitcoin turned higher on December 8, rising two percent at spot rates, rejuvenating the markets. With the recovery, the coin is squarely in range, but prices are moving against sellers. Notably, the expansion backs buyers of November 28, increasing the odds of a possible breach of $17.5k. In the days ahead, how prices react at this liquidation level will shape the short to medium-term. #Bitcoin Technical Analysis Prices ticked to favor bulls on December 9, assuaging fears of further losses. Although there has been no clear development to confirm bottoms, bulls appear to be in control. In the days ahead, how prices react at $17.5k will shape the medium-term trajectory. Notably, this preview is because BTC is within a breakout formation above the bear flag defined in late November. Because BTC prices are consolidating in a possible accumulation, optimistic bulls can wait for a clean break above $17.5k, and ideally $18.5k, with increasing volumes before loading the dips. Unexpected losses forcing BTC below $16.5k may cancel this preview, allowing sellers of H1 2022 back in contention. What to Expect from #BTC? BTC is technically bearish and has been the case for the past year. However, at spot rates, BTC may find a bottom, an anchor for a leg up. Therefore, traders can wait for a clear breakout before committing. Confirmation of yesterday's bull bar may see BTC soar to new December highs. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer