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Bitcoin (BTC) analysis thread

Jan 19, 2020 at 20:58
Vistas 5,375
208 Replies
Miembro desde Apr 16, 2017   posts 39
May 15, 2022 at 17:08
I don’t think the bulls will take control for some time however this is a perfect time for bag holders to fill their boots
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
May 18, 2022 at 12:26
Currently looks like a retrace before another leg lower. I think 20k and then possibly around 12k
If you can't spot the liquidity then you are the liquidity.
Miembro desde Dec 09, 2013   posts 139
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.
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
May 19, 2022 at 12:10
I think a double bottom is simply a price target for the bigger players
If you can't spot the liquidity then you are the liquidity.
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
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
May 26, 2022 at 09:18
We have consolidation around this level so at some point we will know where the next expansion is heading.
If you can't spot the liquidity then you are the liquidity.
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 Dec 09, 2013   posts 139
May 31, 2022 at 05:01
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.
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
Miembro desde Dec 09, 2013   posts 139
Jun 07, 2022 at 06:27
Bitcoin has been bearish in the major charts. It seems to have found its support. However, the bull must show its strength for the buyers to attract to push the price towards the upside.
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
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:
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.
VERY WELL INFO.
TRADE UPDATES
Miembro desde May 27, 2022   posts 12
Jun 13, 2022 at 11:48
How low could BTC go? Is this a run to Zero? Does anyone know why crypto is falling so much?
Miembro desde Dec 09, 2013   posts 139
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.
Miembro desde Dec 09, 2013   posts 139
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:
momo3HC 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. 😳
Interesting
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:
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
Yes and it possibly would have the same momentum.
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