Bitcoin (BTC) analysis thread
May 19, 2022 at 09:16
Bitcoin seems to have found its support in the daily chart. Since it has been bearish for a long time, so the buyers may wait for the price to have another bounce and produce a Double Bottom. A Double Bottom in the daily chart may make the price go towards the upside.
Miembro desde Jul 20, 2020
posts 399
May 22, 2022 at 14:31
sebking1986 posted:
I think a double bottom is simply a price target for the bigger players
Me too, it is an area where so many institutions know there will be stops placed and liquidity sitting. Its a perfect target in the short and mid term
Miembro desde Jul 20, 2020
posts 399
May 28, 2022 at 10:16
sebking1986 posted:
We have consolidation around this level so at some point we will know where the next expansion is heading.
This is where patience is so key. Let the market show us the pathway rather than forcing it
Miembro desde Jul 20, 2020
posts 399
Jun 05, 2022 at 14:45
sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
Jun 08, 2022 at 12:42
CraigMcG2020 posted:sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
These are the levels I have my eye on as well.
If you can't spot the liquidity then you are the liquidity.
Miembro desde Jul 20, 2020
posts 399
Jun 12, 2022 at 10:38
sebking1986 posted:CraigMcG2020 posted:sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
These are the levels I have my eye on as well.
Just seems to be trundling down to that 12k mark would be massive amounts of value taken off BTC but an amazing discount price
FOREX IN WORLD (forexinworld)
Miembro desde Feb 03, 2018
posts 8
Jun 12, 2022 at 13:21
sebking1986 posted:VERY WELL INFO.
I can see a continuation of the upward trend happening this week. All the technicals are pointing towards a bull run and combined with the threat of CV popping up more in Europe and other countries outside China we could see a continuing trend of BTC being used as a safe haven.
TRADE UPDATES
Jun 13, 2022 at 13:48
Bitcoin made a very significant bearish breakout. It breached the level of 25K. It means the sellers may have found a strong resistance, which may drive the price towards the South for a while. 20K is very much on the card if today's daily candle closes below 25K.
Jun 21, 2022 at 07:45
Bitcoin seems to be having a bullish correction. A down trending trend line has been playing a vital role to drive the price towards the downside. If the price goes back to the trendline's resistance, the sellers may drive the price towards the South again.
Miembro desde Jun 10, 2022
posts 26
Jun 22, 2022 at 04:35
The corrections seems to be good but the chances of stabilizing is what I suspect.
Miembro desde Jun 10, 2022
posts 26
Jun 22, 2022 at 04:36
marco_mmbiz posted:Interestingmomo3HC posted:
Hi all.
I`m here again but this time will be a bit more different from the other ones.
I`ll be short and most of you will not like the below chart may be, but in the markets we must be always emotionless.
In short, BTC price could be at the edge of the cliff right now. When we look at the daily chart we’re seeing a very good looking ascending channel. That’s bullish right, but when we zoom out we’re seeing something a lot more different than bullish. That’s a bear flag. If you don’t know what a bear flag is then just google it, but a bear flag, like it`s name is showing, is a bear pattern. There’s no confirmation breakdown yet but if this happen we could see a price drop to the mid $20K - around $25000. We just got to be prepared and the world (and BTC) would NOT end with this. Will this happen only the time will show. When will be the bottom if this happen… Think I have something in my pocket to point the bottom but I`ll tell you more about this if and when this drop happen.
That’s it for now. A simple and clear chart. I hope that such negative charts will be less and less in future but that`s the real life. I have something positive prepared for the next time too plus some trading strategies testing but for all of this… when the time have come.
See ya.
Oh, wow. Your chart was really well-done with that 25,6k level. 😳
Miembro desde Jul 20, 2020
posts 399
Jun 25, 2022 at 16:05
Instruments move up and down for sure so a 'negative' chart is just as good as a positive one to those that trade leverage ;) I think itll go to 12kish but it has stabilised around the 21k mark for the moment
Miembro desde Jun 10, 2022
posts 26
Jun 28, 2022 at 05:41
CraigMcG2020 posted:Yes and it possibly would have the same momentum.
Instruments move up and down for sure so a 'negative' chart is just as good as a positive one to those that trade leverage ;) I think itll go to 12kish but it has stabilised around the 21k mark for the moment
