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BTC/USDT ANALYSIS 11 June 2022#UPDATED #BTC/USDT ANALYSIS $BTC perfectly predict BTC breakdown, retest to support become support trendline 1h demand can't sustain continue down going to 4h Demand, in this zone potential BTC can sustain and try to retesting on 0.618 fibonacci and will rejection first back to 4h demand if can't sustain the seller will going to Key support as we know BTC at weekend boring movement . if BTC.D down we will entry in some altcoin. Info : CME GAP has filled
by Altcenter_Analysis
2
BITCOIN WILL TEST 200 W EMA AGAIN!Price of Bitcoin is in a steep decline for the last 7 weeks! I think this is a first in Bitcoins history! 7 red weeks in a row! This week price dropped around %20! BTC tested 200 weekly ema which is around 27k USD. Buyers stepped in and price went back above 30k rapidly. There is high amount of volatility in the markets! This is not a good sign for bulls. Price needs to consolidated and form a bottom before upside movement. Also FED chairman Powell said this week that, they are not promising soft landing to the US economy meaning there could be recession in the future! This means they will raise rates and decrease money supply no matter what! Institutions are starting to run away from risky assets and buying in on government bonds. Last week US 10y bonds are over 3 but right now they around 2.8! BTC will form a lower low before going to ATH again. I dont know when will the ATH come but im pretty sure it will not come this year! This year bottom will form somewhere between 200 Weekly ema and 300 weekly ema hopefully. Which is around 20-27k. I think bottom will be closer to 20k and will linger there for couple of weeks before going back up. I do not expect strong rallies for long periods of times, that lasts weeks. If price raise quickly to the upside think it as a profit taking oppurtinity. We will go lower before going back up again! Also it is still to early to form a bottom just yet! We simply dont know for sure what FED will do about inflation. We should wait for at least Jackson Hole meeting which is in August. Follow for more charts and data.
BITSTAMP:BTCUSDShort
by thegreatwall38
2
Bitcoin Entries + Exits! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
BITSTAMP:BTCUSD
by ExclusivelyFX
BTC Hashrate new highWe just had a significant BTC Hashrate increase over last 24hs of over 30% bringing us to a new ATH. As highlighted on my chart, last two ATH's were on 1st and 13th of Jan followed by significant drops in BTC price, these were first new highs since April 2021 after which we've seen a strong move down. While this analysis considers only recent changes in hashrate this is something that should not be ignored especially in current macro and geopolitical situation, being another bearish confirmation for the coming weeks. My target area for this short move would be between 29.5-35k, but could easily be followed by further lower lows in this down trend that get's only stronger. See my other analysis linked for BTC down trend continuation.
COINBASE:BTCUSDShort
by gigisulivan
BTCUSDT ForecastDear Patrons, The BTCUSDT is still showing a bearish move and is hoping to continue its downward trend. Two strong support areas have been marked. Following that, three points of resistance are identified. The Stoch RSI is indicating that the market is oversold but it will keep this trend continuing.  The MFI is indicating that the market is in a downtrend. Most other coins will follow the bitcoin trend. It is still a good time for traders who love to trade short. This idea is for educational purposes only. Feel free to share your ideas in the comments. Remember me in your prayers. Good Luck
by Signalsforecast
BTCUSDT Technical Analysis💎 BTCUSDT on H2 has formed a symmetrical triangle. After the breakout It has gone for the pullback and retest. The retest seems to be over and we can expect that the price continues to go higher. 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 48986.22 - 47728.00 ☕️ TP1 50107.72 🍺 TP2 52000.00 🍻 TP3 🍾 TP4 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 47518.30- 46379.91 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
3
Bitcoin Chart Update: BTC May Visit $53000/$50000 Price Zone. Fundamental View: Inflation concerns primarily drive the recent rally in Bitcoin. This suggests that the supposed ETFs are not to blame but just an after-effect of increased demand for cryptocurrency due to economic uncertainty around the globe. This week's most exciting development comes from financial institution JPMorgan who believes there may be more behind it than what meets the eye, namely potential investment opportunities ahead should investors want them. All digital currencies, including Ethereum Classic (ETC) or Litecoin, are even higher for price fluctuations. Bitcoin's price rose a whopping 79% between September 21 and October 20. This is an impressive rally. But it might be due to some Corrections as two reasons could cause the correction. Firstly, bitcoin broke its previous all-time high at $65k only to experience five days of declines shortly after. Secondly, there was profit-taking following such substantial gains from those who had been accumulating coins leading up until now. Technical View It is expected that bitcoin rose its highest level because of inflation, and there raised a rumor that the USA given an ETF approval for BTC. So, downside correction is a must. And the fact is, BTC rose because of inflationary pressure. From the present rate, BTC's swing area is $65000 t0 $67000 price zone. So, it is expected that BTC may go to a downside correction level. Immediate support is identified at the $53000 Price zone. So, I expect gold to revisit the $53000 price at least for correction; maybe later from the $53000 price, it will revisit nearly $75000 Price. $53000/50000 price zone will play strong support. Unless BTC breaks below the $50000 price zone, we can't go for a long-term sell. We can sell from the present level to the $53000 Price zone. If the price drops below the $50000 price zone, we will think about the long-term sell, otherwise not. On the other hand, I expect BTC to rise again by testing the $53000/50000 Price zone. So if it happens, I will buy from that level, and our first target would be $65000 price zone and finally $75000 Price zone.
Short
by Gold_Trading_Expert
3
BTC Price Analysis: Isn't it time to book some profit? A driver should know when to drive faster and when to stop. Likewise, as a trader or investor, you should know when to cash your investment and reinvest. Since July 2021, bitcoin added almost 28kof its value. Who bought BTC in July nearly returned double. Once bitcoin is considered a safe haven asset, but it is too volatile. From July 2021, bitcoin follows a nice upward trend. Most of the time, BTC bounced from ascending channel support and retraced from descending channel resistance. Bitcoin's all-time high is nearly $65000. However, the market is a bit away from its historical high. Most of the cryptocurrencies have spiked up in the last three months. Several times 58k to 60k played as a profit-taking zone for the BTC. There is a word in the forex market that history repeat. Suppose you want to calculate BTC with fundamental analysis like gold, silver, or other currencies. I think you can't because Bitcoin doesn't follow any specific fundamental factors. As we trade BTC/USD, in 60/65% cases, you can use the U.S. economic reports as a fundamental divergence for the BTC, not more than that. Anyhow, we can explain BTC's price movement with technical analysis. That is more than enough for speculative investors or traders. All the cryptocurrencies, including bitcoin, have reached their profit-taking zone according to the pure price action chart that I usually follow. Bitcoin price closed below the rising trend line. since several hours, the market has been trying to break the rising trendline. But it couldn't. So, if the daily candle closes below the rising trendline, we may see a significant drop from the present rate. From the present rate, $58000/60000 is identified as a strong resistance. As long as below $60000, I recommend closing your buy order and waiting for any bearish chart or candlestick pattern. If BTC confirms a bearish pattern from the current situation, there is a big chance BTC will drop from this level. Chrismas is not far away. So, anytime the stock market and crypto market can drop massively just for profit-taking. I will recommend putting your stop loss above $65000 and taking a profit of nearly $50000. You want to survive in the investing market, and you have to know when to stop. I think it's time to cash your profit and wait for the next so that you can buy again at a low price.
Short
by Gold_Trading_Expert
1
BTC Trend AnalysisBefore BTC fell, I mentioned that it would fall in the analysis I published in another language. According to the analysis of the Shark pattern, I think that the targets have not been set yet. When we look at the now, we can see what has changed after the shark 2 pattern. When we look at the present, we see elliot waves and corrections. If you are one of those who think that the location of the 3rd wave is wrong, I respect your comment. If elliot 3rd wave lasts longer or is stronger than expected, it will shorten wave 5th. Comment with that in mind. If wave 5 moves beyond that trendline, it is called a throw over. When there are weak 5th waves like this, sharp decreases can be experienced. An example from 2019. The 3rd wave seems to have weakened the 5th wave here as well. The downtrend is just as fast and destructive. This is not our topic. I had to go into detail because some friends wanted me to explain. If anyone wants more information, I can add academic article suggestions to the comments. Whether this is a smooth elliot wave or not, let's continue to examine with current patterns and indicator data. These two patterns may have compatible Fibonacci levels. 1. model C leg ended at 1.13 and leg B is out of measurement limits. In the 2. model, the b leg is much higher than 0.618 and again outside the measurement limits. Taking these measurements as a reference, there is only a shark pattern that I know of, where the b legs are out of the measurement and the C legs are at the levels of 1.13 and 0.886. If I'm not mistaken and the measurements are correct, the 0.618 resistance of pattern 1 would correspond to the 1.13 level of pattern 2. if this happens, we can think of it as pattern shark 2. In this case, we can expect a decrease. Although not certain , shark patterns have always been accompanied by another harmonic pattern. In summary, I see an M after every W or a W after every M in general. I think these two models complement each other. After this, it is likely that there will be a decline instead of a new pattern. I wrote a support resistance script. When you look at it in sync with the sine waves, you feel there is a missing picture. This has nothing to do with technical analysis. A feeling that anyone familiar with reading graphs can have too. Let's look at the patterns that may appear when we try to simulate a pattern on this image. This is our 1st simulation In this case, the price will regress to 32K levels and go to 59K from there. I never think there will be this second scenario, but I still want to share it. and this is scenario 3 Finally, I want to share what I actually think; These are money indicators. When the red line cross under the green line prices have always risen. According to the Aroon indicator, sellers are still weak and buyers don't care much right now. If the aroon down continues to go up and the aroon up turns up, that means it's trending.( In the monthly time frame) Maybe I'm not seeing logically by thinking emotionally. But Tesla shares are up right now. And according to the analysis I shared last , I think Tesla shares are about to pull back down. Tesla and BTC are inversely proportional. So they arbitrage. BTC will experience another minor correction. I think ? I believe that after this retracement , the real trend that everyone has been waiting for will begin. This is a chart drawn by monthly time period. A downward harmonic pattern does not match my measurements. I can only match the data with a crab pattern you see in this graph.(indicator and candles) Maybe my emotional expectation subconsciously guided me like this. But at least the indicator data can support this expectation. There's usually a pullback every weekend. I guess next week everything will be clear. I do not think that names like Elon musk and michael saylor will allow the large amount of bitcoin in their hands to become garbage. Note: This is not investment advice.
by CryptoBrainn
1
Why BTC Dropped Hard and What Is The Next Destination? It was supposed to be a good day for Bitcoin as the El Salvador government "had to unplug a BTC with demand" as citizens registered for the wallets., but it has turned into a rout. In the open eyes, it shouldn't have happened. That is supposed to be a piece of good news for BTC But why BTC dropped then? There may have 3 reasons from my personal view. 1. Buy The Rumor Ans Sell The Fact. 2. BTC was already priced in on El Salvador. 3. The market is creating space for more upside pressure. El Salvador's government has spent approximately $20 million on Bitcoin and has installed 200 Bitcoin ATMs across the country. For citizens who register, government-run Bitcoin wallets will be loaded with $30 in Bitcoin. El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency. El Salvador's population is less than New York City's, so it's not a big number of people who will really use BTC. Maybe that's why the market didn't take it seriously. And the market was already priced in about El Salvador's yesterday's decision. so, it's not new. Normally, if any upcoming news used to price in already, we have seen before after releasing news market runs in the opposite way. that is call buy the rumor, sell the fact. What can happen in the future? This is the most prominent question. if other countries follow El Salvador, the demand for the BTC and other cryptos will increase there is no doubt. but, I don't think very soon any strong economical countries will follow El Salvador'. those countries that have hyperinflation like Zimbabwe may consider BTC as the national currency. SO, I don't think that is going to happen very soon. AS from the present situation, investors may be satisfied after dropping BTC, they will jump to buy again. as the market dropped a lot and it was not flash crashed. so, I think BTC will drop more next few days nearly 42000.00 to 38000.00 price zone hen BTC may go up again. Technical View Technically BTC dropped below the rising trend line. which means BTC has started its downward trend. From the present rate, the next target is a 42000.00 price zone. Breaking below 42000.00 will open the door for the 38000.00 price zone. on the other hand, 50600.00 is the strong resistance and break-out area. Breaking and stable above 50600.00BTC will the uptrend again. to the upside our first target is 52500/53000 and final target to the upside is 60000.
Short
by Gold_Trading_Expert