Downloading...
Download

Btcusdidea

26,567 Target UpdatedBTC reached a new low on the 4 hour, and rejected the 30MA on 4 hour. I can now understand why this has happened and why this is temporarily bullish for Bitcoin . I don't think we are dumping yet; here's why: A perfect fakeout would be to close the Weekly candle ABOVE the 200MA Weekly. This would be a HUGE BUY SIGNAL for retail buyers and many traders who don't think about what this actually means. They would just assume the bull run is back on. Literally everyone would be buying Bitcoin . Every Bear would switch Bull, and then, and ONLY THEN, does the dump begin. The liquidations would be HUGE. We currently close the Weekly on Sunday 24th. On the 25th (just like on the 25th July, 4 years ago) we reach the top - which on Kucoin would be 26,567. (Please refer to my 2 "Link to Related Ideas" to see how I measured this target originally. I have redone the extension with the new numbers to show you the updated target.) Funnily enough, if you look at my chart you can see that thick orange line above the 0.786 fib of 26,567. That thick orange line is the 200EMA Weekly. I expect this 200EMA Weekly to meet around this fib level by then, and THIS will be the REAL TOP. So around this time, the 25th would be a Monday. Now we all know that on Monday's, there are generally fake moves. So it would probably reach the top on Monday, pretend dump and then back up halfway to liquidate some late bears. Then it should start dumping around Wednesday 27th/Thursday 28th. The Monthly close would likely end up being a green Monthly candle with a wick. From then on, we descend towards 19k-18.5k before levelling out and going sideways in September.
INDEX:BTCUSDLong
by reiiss7
15
Bitcoin 2D Improving Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: Finally the strength profile turned green since it turned red on April 3rd 2022, this is a bullish trend reversal. 2) Bull Bear Squeeze: Caution is needed though, as you can see, the bears are still in charge and they have not been entirely squeezed yet for the bulls to be back in charge. 3) Money Flow: The money flow is steadily increasing but is not positive yet. For now, the Bitcoin 2D Strength Snapshot is finally improving: Strength Profile 🟢 Bears in Charge 🔴 Money Flow 🔴
BITSTAMP:BTCUSDLong
by bodhinium
Bitcoin 2D Stronger Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: Green and getting stronger. 2) Bull Bear Squeeze: The bears are almost squeezed and then the bulls will be firmly in charge. 3) Money Flow: The money flow just turned green and positive. We are in a very similar situtation as on July 24th 2021 when we started a nice leg up, see chart. For now, the Bitcoin 2D Strength Snapshot is continuing to improve: Strength Profile 🟢 Bears in Charge 🔴 Money Flow 🟢
BITSTAMP:BTCUSDLong
by bodhinium
2
MACD golden cross of BTC 4H is 100% correct in the last 4 times Strongly bullish on BTC Reason 1: Since the US CPI data was announced at 9.1% on July 13, bitcoin first plummeted by nearly $1,000, then rebounded to erase the decline, and the market reversed, proving that even if the CPI data is very poor, it has a limited impact on the crypto market. Reason 2: Bitcoin is still in a perfect ascending channel and the price is close to the support level , so it has a higher probability of continuing to rise. Reason 3: The last 4 times the MACD indicator golden cross has shown a big increase, and the correct rate is 100%. Now the 4H golden cross has appeared again, and the market is expected to continue to rebound. Conclusion: Bitcoin will continue to rise, focus on the support and resistance lines on the chart. Ideas from traders with 10 years of trading experience
Long
by Fncel_Kgd
Bitcoin 2D Still Weak Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: BTC looked good on the daily for a few days (not anymore), so I'm still waiting for the 2D strength profile to turn green. That's what I'm waiting for since April 3rd. As you can see we are way oversold, yellow line was way below -1% already since May 5th and never above 0! When the strength profile turns green that would indicate an incredible buy for BTC, patience is key, in the meantime, follow me and I will update you when that happens. 2) Bull Bear Squeeze: Check the chart, you can see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge. 3) Money Flow: The money inflow is slowly flattening out, loosing momentum, if it turns south (and potentially crossing the average) it won't be pretty. For now, the Bitcoin 2D Strength Snapshot is still weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴
BITSTAMP:BTCUSD
by bodhinium
2
Bitcoin Support Levels And Where To EnterMarket situation is harsh right now but I don't expect a bounce at these levels : from 18.5k to 21.8k tonight was just a hunt to generate more liquidity for more shorting. We have 50 Monthly EMA as support at 16.5k. Weekly RSI at 26 and an expanding wedge same as on Nasdaq and SPX which I expect to make a move just a bit lower than previous lows and bounce hard Bogdanoff style. In case it goes below this as a wick, might move to 15k and last support is 12.5k. Plan : I start to buy btc and alts when bitocin touches 16.5k. Thx, cheers )
BITSTAMP:BTCUSD
by MrDorea
Bitcoin 2D Weak Strength Snapshot1) I'm still waiting for the strength profile to turn green, it turned red on April 3rd 2022 and has not been bullish since (short since then). 2) You can also see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge. 3) When you look at the money flow, there is money coming into BTC but for me to become bullish, the money flow needs to be above 0, or positive. For now, the Bitcoin 2D Strength Snapshot is weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴 Followers may request a strengthsnapshot of any cryptocurrency , like and follow.
BITSTAMP:BTCUSD
by bodhinium
BTC retrace to 22.800BTC looks like there is a retrace that can reach the price of 22,800 if you look at the existing pattern. On the D1 chart the candle forms a bullish momentum, but all the ichimoku parameters still indicate that the selling pressure is still strong. This retrace is not the start of a bullish trend in my opinion, this is only a retrace with a simple a-b-c pattern, most likely. The kumo cloud still indicates selling pressure, with quite thick volume. Don't be fooled into making a purchase. Well you wait. I'm more focused on determining when it's time for me to enter to short
BITSTAMP:BTCUSD
by Hokusai_FX