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Bitcointrading

BTCUSD Gaussian Channel says we're only getting started.Bitcoin is 238 days into green Gaussian Channel territory and highly overbought on the 1W technical outlook (RSI = 81.515, MACD = 8672.400, ADX = 68.211). What would be bad news to buy for any other asset, is actually great for Bitcoin as historically it has seen its biggest gains while deeply overbought. As far as the Gaussian is concerned, every time it has been 238 days past the red zone, the price only rose from there, and as a matter of fact parabolically. This means that we haven't seen the strongest part of this Bull Cycle. In our opinion and based on the HH trendline, $250,000 should be a minimum target for this Cycle. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2
BITCOIN - March Highier Timeframe Breakdown - 01/03/24'Hello everyone, lets jump in.. So bellow you can find screenshots, with every relevant timeframe to be looked at, to make a better educated guess at least in my opinion. First of all, I need to say, that this Idea DO NOT have to play out immediately, IF ALL! BUT Since Highest Timeframe we operating with is 3Month, there is still like 60Days window in which this CAN play out. 3M 2M 1M 15D 10D 5D So this Whole IDEA, is Based on 3M candle/timeframe (basically quarter outlook), which still follow my Q1+FED outlook as next.. --> In which I ment there is higher chance of continuing Higher with time UNTIL FED start cutting Interest Rates... and in the mean time we Rallied.. BUT since we are reached Price targets close to ATHs' I think is needed to be even more carefull.. and this due to --> If we take a look at 3M chart, we can see that prior times in History, when we reached Closing price of 3M candle, IT WAS THE TIME WHEN WE PEAKED WITH PRICE FOR PROLONGED PERIOD OF TIME. (And we already did it!) but there is still almost 2month to next FED meeting.. So Main Question is IF we will go Above ATHs' in this period of time, or We will follow what happend prior Cycles and thats correction... AND My honest answer is that I DONT KNOW, BUT if I HAVE TO pick one, I REMAIN EXTREMLY CAUTIOUS, since Right Now I see this more as "fake bull market" BECAUSE , and this "Because" have two aspects- Micro/Macro economy and then what Charts are saying.. Firstly, if we check out Charts, we can see on EVERY SINGLE ONE, that we reached with Closing Price close to where ATHs Closes are, BUT we dont Close above them.. Which In my understanding of Market Increasing chances for revisiting Lower prices "when correct time come" BUT, in the meanwhile, there is still "TREND" which I would say is still "bullish" and for that Reason we can "be trying" to reach or break ATH.. and only "time shows and chart tell" if we will go there.. BUT , as I ment.. there is other factor and thats.. Micro/Macro economy outlook at things, And I would say.. "ITS NOT THE BEST ONE"! --> Inflation is STILL HIGH (due to FED) and it looks like it slowly starting to elevate again, Unemployment is STILL relative close to all time Lows, and Interest Rates are STILL HIGH.. on top of that, from last reports it looks like economy start Slowing down a little bit BUT Markets still looks like "they dont care". Which In my opinion is BIG Mistake, and for that reason, Im trying to evaluate things on Daily basis when New Important Market/Economy News happen.. especially, in time "Where people believe only way of going is Highier!"... AND THATS BECAUSE - if we again, come back to our 3M chart, we can see there is 30D left on it.. and in those 30days market can change a LOT, AND We already reached price where In history was our "turning point" chart wise.. So, in my opinion, being a buyer right now is more risky then being seller.. , but I still label this IDEA as Neutral, since there is still lot of time remaining for Price to behave irational. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
I
by cryptocapitaltrading
It's a Bird? It's a Plane? Nah, it's a Bat.This daily chart has me packing up my things and getting ready to run for the hills! If we do break down from here and start to form some sort of Bat harmonic formation then I will be asking the age old question, "How low can we go?" See my previous post below, which I think may end up reinforcing this on the weekly chart. Could I be wrong? Of course, I mean, I'm a werewolf...I spend most of my time chasing my own tail! Bark at me! Owhooooo!
COINBASE:BTCUSDShort
by Akamer-the-Werewolf
1
📈Bitcoin is going to rebound? / Trading setups (Updates soon)📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. In the 2-hour timeframe, Bitcoin is trying to stabilize above the 2-hour and 4-hour middle Bollinger lines. The $69,500 level is an important resistance in front of Bitcoin, if Bitcoin fails to pass this resistance, a head-and-shoulders pattern scenario is likely. Otherwise, above the $69,000 level, the Bitcoin scenario will change. (This analysis will be updated later) ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
by CrazyS
3
BTC Channel down Broken upIf we look at 4 hour timeframe, Expanding channel up support able to hold bearish wave, and BTC already success break channel down. This is a good news for bullish, not only for BTC, but also for all alt coin. We have 74.055 previous high as target, with maximum target at fibonaci 1.414 at 82.285 If this channel up broken down, we have 59.800 as next fibonacci support to hold bearish movement. Don't forget to support this idea to get a quick notification of any updates. Happy trading, May profit be with you.
Long
by AzrulAzir
1
BTCUSD: A healthy correction. $250000 isn't at all unrealistic.Bitcoin remains overbought on the 1W timeframe (RSI = 81.582, MACD = 8133.500, ADX = 73.810) despite the recent pullback. On a Cycle basis, this has been nothing but a healthy correction, typical of Bitcoin when it crosses over its ATH. Being overbought on the 1W RSI has been a very bullish attribute during the parabolic rallies of the Bull Cycles and there is no reason to expect anything different this time around. Last time BTC rose from the prior ATH to the new by +256%. A repeat of that gives as 250,000 target. Ahead of the upcoming Halving in April where the supply is again cut in half, such a target doesn't seem unrealistic now, if the ETF demand stays unchanged. It rose almost +90% since the ETF approval, why shouldn't it accelerate by double if BTC's supply is cut in half? Stay focused and stay bullish. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTC Fractal - What's next for Bitcoin after NEW ATH?📉Hi Traders, Investors and Speculators of Charts📈 BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. What I see is the potential for two scenarios playing out, both based on fractals ( bullish and bearish ). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for. From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support , the bearish fractal becomes more likely. The potential bearish fractal: The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013: This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this: From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store: NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
by CryptoCheck-
$BTC:2D$BTC:2D The above linear regression channel is illustrative of 2 standard deviations up and down off the linear mean. Price has again failed to breakout above the 2nd standard deviation line. Pearson’s R^2 is remains relatively strong at 0.87, indicating a high tendency for price to centralize around the linear mean (LM) price point of 38k. Bearish price to RSI divergence taking form on the 1D and 2D chart (see yellow lines) indicating an increased potential for a local top to be developing which could provide the catalyst for a pullback in price and a downward reversion to the linear mean. NOT FINANCIAL ADVICE.
COINBASE:BTCUSDShort
by Firewalker_Charts
Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus
BTCUSD We still in bullishHi welcome to my analysis, If we look at 4 hours timeframe, bearish today only a correction wave, and BTC still inside expanding channel up. Right now we have fibonacci support zone at $66.519 to $64.735 to hold bearish , If this support broken down, we still have channel up support at $59.218 If this support able to hold bearish, My target at $75.055 previous high and maximum target at fibonacci 1.618 projection at $79.801 Warren Buffett : “Be fearful when others are greedy, and be greedy when others are fearful.” Happy Trading, May profit be with you
Long
by AzrulAzir
1
Bitcoin Cup and Handle?Owhooooo! This weekly chart has me howling for the moon! It seems like the Bullish Cypher is still playing out, and the giant Cup and Handle formation could be in play. If we do see a pullback, I think this would fit nicely into the overall continuation of the Bullish Cypher trend. So I'll be looking for this pullback to form the handle, and my own personal strategy is to use this (if it happens) to accumulate MORE Bitcoin. I'll be hiding in the bushes and waiting to see how this plays out. What do you think will happen?
BINANCE:BTCUSD
by Akamer-the-Werewolf
BTCUSD: $150k is next and may come faster than you think.Bitcoin is vastly overbought on 1W (RSI = 88.615, MACD = 6893.200, ADX = 74.337) as it is running an incredible second phased rally since the start of the year. The 1W MACD is starting to diverge and it is a similar situation as on November 16th 2020. Bitcoin was still at the early staged of the new rally. If we place that rally fractal on today's action, we see that it feeds a pattern that goes all the way to 150,000. That is very close to the top of the six year Channel Up. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
BITCOIN trading advise... hi guys I'm msnp.. bitcoin is going up today and I wonder that what are you doing in this time? buying? selling? hodl? happy? worried? sad? so first of all lets see what happening on technical side : in last post about bitcoin we said everything you need when you sell and buy and now i see a channel , last move speed was so high and i think its unstable so be careful. if you are in the market: 1. you can hodl but be careful. 2. you can sell a little bit and wait for next opportunity. it's all on your strategy and personality if you fell fear or greed if you are waiting for 100k bitcoin or 20k bitcoin I have to say sorry pall market don't care about our idea, about our wishes (new home, new car ....) market a place without any sense, so OfCourse he can't understand our feelings. ok next if you are in cash don't worry you miss nothing just avoid of FOMO and be ready for another opportunity. im here for any questions and problems follow me and be happy
by imMsnP
2
I think we're going straight to 80k!Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from some simple math that Bitcoin is in the beginning stages of a massive supply shock. Even multi-year resistance levels are blown up like they are nothing. I honestly have not seen technicals rekt to the degree they are recently. Fundamentals far outweigh technicals at this point. However, we are still going to chart, observe and denote technicals where they may be of use to support current fundamentals. In this case, I wanted to demonstrate what the technicals are showing more recently. We have here an inverse H&S pattern. Our target ends up being 80k which intersects exactly with another ascending TL I have mapped here. Honestly, I think we could go straight to 80k without any sort of pullback at this point. We did not pullback at our multi-year support/resistance from 2019. If we were going to pullback, that is where we might have done it. Another point of possible pullback is 70k. We're almost there rn and there is no signs that we are going to stop. I think 80k is in the cards and we didn't even get a pullback and retest of our 48k neckline! I am absolutely amazed by this. Then again, I have never really witnessed a supply shock in real time. Stewdamus
INDEX:BTCUSDLong
by stewdamus