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Bitcoin-btcusd-btc

BTC Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *This bearish week was marked by degrading economic data from China, Germany and the USA, stoking global recession fears once again. China is currently seeing a weaker consumer (due to still ongoing effects of the Covid lockdowns), heat waves affecting factories, a weakening property sector (in need of infrastructural support) and slower export growth as a result of the massive global supply chain restructuring currently taking place. Germany is still reeling from sanctions and interruptions regarding the Nord Stream Pipeline as they prepare for a energy shortage this winter while the Rhine River is reportedly seeing a drought that has affected their ability to load barges to full capacity, adding to the economic growth woes they are likely to face for the remainder of the year. Meanwhile, the USA remains committed to tightening further and raising central bank interest rates beyond neutral as the US Housing and Credit market begins to show signs of weakness; this has led to a drop in the forecast for Q3 GDP. Though bearish at the moment, the uptrend in Bitcoin remains supported as long as it stays above $20k psychological support (also the uptrend line from 06/18/22). Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.* Price is currently testing the 50 MA as support at ~$22k after being rejected by $24181 minor resistance for the third time since 07/20/22. Volume remains Moderate and is on track to favor sellers for six consecutive days if it can close today's session in the red. Parabolic SAR flips bullish at $25.2k, this margin is neutral at the moment. RSI has broken below 3 supports in one fall and is currently trending down at 36 with no signs of trough formation as it still technically tests 42.41 support. Stochastic is currently testing max bottom and is beginning to form a soft trough. MACD is on day two of being bearish and is currently testing 313 support. ADX is currently trending down slightly at 20 as Price falls, this is neutral at the moment. If Price is able to bounce off of the 50 MA at ~$22k as support then the next likely target is a retest of $24181 minor resistance . However, if Price continues to break down here, it will likely retest the uptrend line from 06/18/22 as support at ~$20k psychological support . Mental Stop Loss: (two consecutive closes above) the 50 MA (~$22k).
COINBASE:BTCUSD
by dailytaguy
BITCOIN Critical test for this uptrend. CAUTION needed.Bitcoin (BTCUSD) was rejected on Monday on the 1D MA100 (green trend-line) with the selling accelerating today as the price broke below the 1D MA50 (blue trend-line) for the first time since July 27. This is a critical test for this uptrend as the very stable Channel Up that started after the June 18 Low, is approaching its Higher Lows (bottom) trend-line). ** An identical Channel Up ** The 1D RSI shows that we are testing the symmetrical Support Zone of another Channel Up, that of January 24 - May 04, similar in structure with the current one. As you see as long as that Support Zone held, the price was contained within the former Channel Up. In fact that Channel was also rejected at first on the 1D MA100 and fell below the 1D MA50 (twice also) but recovered and hit the 1D MA200 (orange trend-line) where the eventual rejection started to the June 18 Low. ** 1D MA200 or 1W MA300? ** As a result, the RSI shows the limits where trading inside the current Channel Up can be prolonged. A break above the Higher Highs (top) trend-line of the Channel could be enough to hit the 1D MA200 but a break below can be extremely alarming as not only the long-term Support of the 1W MA300 (red trend-line) may be tested but if failed, even a downside extension to the 1.5 Fibonacci extension level is possible, which is exactly the first level hit when the former Channel Up broke. What scenario do you think is more probable? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
2
Bitcoin long-term view - reducing distances to EMA100Bitcoin long-term view - reducing distances to EMA100 Interesting to see the past BTC All Time Highs and the corresponding distances to the weekly EMA100 From 2013 >> 2017 >> 2021 - the distances decreased each time Does that mean the next ATH peak will only be less parabolic? Not necessarily since EVERY trend line can be broken - but maybe a possible fact to consider IMO What are your thoughts on that dear Crypto Nation? *not financial advice do your own research before investing
INDEX:BTCUSDLong
by Crypto4Everybody
ETHEREUM - BULLISH CASEWhile most of the market remains bearish and turning down is somthing we must consider there is still a lot potential of climbing up imo. We can see some powerfull patterns around price action, now correcting a bit to a median of potentialy huge channel. As far as 1740-70 holds structure of an uptrend will be hold. Finally if we can do one more push up towards 2100 and wont reject there hard I think breaking that rising wedge to the upside will be very possible and that would mean we can go parabolic above the main trend line.
BYBIT:ETHUSD.PLong
by mess_on_a_mission
1
BITCOIN This 3D RSI rejection is far from ideal. CAUTION needed!Bitcoin (BTCUSD) is trading today on the fourth straight red 1D candle and even though the pull-back is insignificant so far, there is a certain pattern on the 3D time-frame that is worrying. As you see, the 3D RSI hit last week the Lower Highs trend-line that started on January 07 2021 and defined this whole Bear Cycle. This week, we see that 3D RSI turning lower as the test turned out to be a rejection. This has also happened on March 26 2022 and November 06 2021, which marked the last two Highs of the market. Based also on the 3D MACD, which has been steadily rising since June 30, this pattern resembles the bottom sequence and subsequent first rise of the recovery phase during the previous Bear Cycle of 2019. As shown, the 3D RSI had a rejection exactly on the same level as today's one, while the 3D MACD was rising. As with today, the rejection came before hitting the 3D MA50 (blue trend-line) and took place on the 0.382 Fibonacci retracement level (counting from the top of the last collapse, essentially the 3D Death Cross). The resulting pull-back found Support on the Higher Lows trend-line and the 0.236 Fibonacci level and after some more consolidation both the RSI Lower Highs and the 3D MA50 broke and a very strong rally took place. Now, the fundamentals behind that rally were different and a 3D MA50 break-out doesn't have to necessarily follow 2019 into such a strong rally. But still it will be evidence of the new Bull Cycle. If you are a short-term trader though, that 3D RSI rejection tells you to proceed to the next days with caution and look for that more confident lower buy. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
27
BITCOIN monthly is making a huge shift to the upsideThis is a simple Bitcoin (BTCUSD) analysis on the 1M (monthly) time-frame, using two powerful indicators that are often overlooked. Those are the Aroon Oscillator and the Vortex Indicator. The chart illustrated the Fibonacci MAs to give a sense of the long-term Support Zones, a level where we clearly are at now. As you see, every time the Aroon Osc turns sideways following a huge downfall, the Cycle bottoms. We are now sideways since June and that is typically the market accumulation phase. Once the Aroon shifts upwards even slightly, the first rally of the Bull Cycle will have already began. At the same time, the Vortex Indicator has already made its first Cross since April. Once the lines cross again, it will be an indication that the accumulation phase is over and the rally will begin, which is consistent with all prior Bear Cycle bottoms. That wraps it up on this short BTC update. Remember that sometimes, it is useful to keep a long-term perspective, especially in the crypto market. And that currently tells us that most likely we won't get a better opportunity to accumulate for the new Bull Cycle. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
7
Bitcoin's correction targets Bitcoin after breaking down its ascending trend-line (dashed one) it's highly likely to move downward and touch its target box showed on the chart. the first box ranges from 23800 to 24000 the second box from 23400-23600 the second one is kind of more important as it acts like a neckline for a double-top pattern. missing that could end up breaking the green strong support line on the chart. I hope it supports us again. ---------------------------------- I appreciate your support in any form such as sharing my ideas with others on social medias, leaving kind and heartwarming comments, donation, and etc. If you showed your support from me by donating, please feel free to get in touch with me so I can get to appreciate you personally ❤️️
Short
by sadmark
1
Bitcoin: Price Favors Bears.Bitcoin continues to linger and generate sell signals that fail to follow through. Is this a sign of renewed strength? Is this the beginning of the next big rally? Are you still fooled by such talk? The 22 to 24K resistance area has not been cleared, and the broader bearish context has NOT changed. This means price at current levels highly vulnerable to bearish catalysts and RISK is most unattractive for longs. Based on the current price action, you can draw converging trend lines on this time frame. These type of rare price patterns often hint toward a significant reversal (in this case BEARISH). Along with that, IF the current candle closes as a bearish pin bar, and the next candle takes out its low, another sell signal will be in play. I have been pointing out sell signals for weeks now, why won't price sell off? When markets are complacent, they tend to be very irrational, and can linger or lack any type of momentum until normalcy in terms of volume returns. Also just because sell signals appear, does not mean they "have" to follow through. Markets are highly random in case you forgot. In order to be best prepared for this environment, you NEED to pay attention to what is NOT obvious. The 25K AREA is a resistance which means selling activity is likely to appear. The context of the general environment (something you will NOT see on a chart) is NOT supportive of any sustainable rallies. The bond market has reversed lower (rates slowly rising again), the FED is still in rate rising mode, and we are about to enter the SLOWEST time of the year in terms of seasonal volume. For those who enjoy consuming "logic", the recent bullish sentiment is likely a result of too many shorts getting squeezed or getting forced out of their positions. If you pay attention to the bigger technical picture on Bitcoin (stop listening to talk), the current movement from 17K to 25K has a high chance of becoming a lower high within a broad bearish structure. Whether price establishes the lower low (break 17K?) or not is not something that can be forecast. You have to assign a probability to the event and based on current context and structure, that scenario is still a reasonable possibility. In these situations, all it takes is an unexpected catalyst. A chart will NOT help you with this. The most effective way to navigate this situation is by accounting for the RISK. For example: If 25K is cleared, 28K is the next resistance, but if a new sell signal follows through, 20K or even 17K can be tested relatively quickly. The RISK is greater than the potential for longs at these prices or on the flip side, RISK favors the shorts. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
77
Bitcoin - 3 bottoms in compressed time (Update)As Bitcoin continues to show its growing technical strength since I last shared this chart, I thought it might be a good time to revisit this comparative analysis of bear market bottoms - 2015 (right), 2018 (middle) and 2022 (left) The first thing to note about this comparison is the similarities that only become visible when the timeframes are compressed and in particular, when price breaks above the channel we have seen a spike in both volume and price to signal that the trend has reversed. With uncanny similarities in the MACD, RSI, Moving Averages and Price structures, between the 5-day (2015), 2-day (2018) and 1-day (2022) timeframes, it certainly looks like price could continue to move higher. This will require a break above the 1D 100MA (light blue line) and increasing volume. Notably, this is the 3rd day that price has held above the channel, but sandwiched by the 1D 100MA, which makes a break of this MA the likely trigger for a surge upward. Do you think a break to the upside of the 1D 100MA will be significant factor for a price rally?
BITSTAMP:BTCUSDLong
by Crypto-Swing
2
BITCOIN 1H TA; Can record a new HH?In the previous analysis, we identified the resistance and support zone that successfully broke your position and approached the previous peak. Currently, if it successfully breaks this area, it can register a new peak and the upward trend will gain strength. Otherwise, the possibility of correction up to the trend line and in case of breaking the trend line up to the specified areas is not far from expected. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
by AtonicShark
6
BITCOIN hit its 1D MA100 for the firsts time since April!Bitcoin (BTCUSD) has been trading within a sustainable Channel Up every since the June 18 Low and today hit the 1D MA100 (green trend-line) for the first time since April 21 2022. The trend looks strong considering that the MACD on the 1W time-frame is on a Bullish Cross, however if you are a short/ medium-term trader you should be skeptical of these levels. The reason isn't just the fact that the 1D MA100 is a Resistance but as you see, the last 1W MACD Bullish Cross (March 30) was formed on a market top and failed to deliver a sustainable rise. As a result, we should be looking for a break above the November 10 2021 Lower Highs trend-line (started after the market's All Time High), which would be a bullish break-out signal towards the 1D MA200 (orange trend-line). On the long-term, only a break above the 1D MA200 can call for a long-term trend reversal to bullish, as the MA200 was the one that rejected BTC on the March 28 High. Also on the long-term, it would be useful to consider the importance of the 0.382 - 0.5 - 0.618 Fibonacci retracement levels, when the 1D MA200 breaks, as the highest volatility of this Bear Cycle has been seen within those levels. Feel free to share your work and comment below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
19