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Bitcoin (Cryptocurrency)

BTC/USD BITCOIN Technical Analysis & Trade IdeaIn this video, we take a close look at Bitcoin. We observe that it has reached a significant monthly resistance level. The chart indicates that it is currently overextended, raising the possibility of a substantial retracement. Throughout the video, we discuss price action, analyze the trend, highlight key levels of support and resistance, explore different time frames, and present a potential trade idea. Please note that this content is strictly for educational purposes and should not be considered as financial advice. BTCUSD.
BITFINEX:BTCUSD
by fxtraderanthony
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉 After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs. Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns. These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence. NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective. ________________________________ From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K. BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck
Short
by Crypto-Check-
34
Bitoin Macro Look - turning pointMacro levels discussed: bearish scenario 1: wave 3 bottom at 15k, 4th wave 30k (where we are now) and looking for 10-13k for 5th wave/ A. -> wave B corrective move up and the C move below 10k bearish scenario 2 and most likely imo at this time: 5th wave/A was the 15k B wave was the 30k (where we are now), and C wave down to 7-10k Bullish scenario in the 3rd wave of 1st major move up from the 15k low and looking to hit atleast 50k. 30k,25k and 21.5k are my major resistance and support levels at this time Other question I have right now is has bitcoin and the market broken away from each other? Bitcoin is floundering at this point while S&P still pumping. I personally still think they are correlated. If bitcoin has hit a top, I think S&P could be late to the game and is still in the range under 4550 to have a B top and continuation downwards. On flipside bitcoin can still pump here as SP is. not financial advice
INDEX:BTCUSDShort
by cryptowaveman
SEC's Cryptos Classification Impacts Binance & Triggers OutflowsHey all, finally back with a new video Binance is facing hard times with SEC sues and by money outflow. According to our data, last 24 hours, Binance net outflow is about $392 mln, so let's keep an eye on the stability of cryptocurrencies. There were BTC outflows from Binance following recent events, however, it's encouraging to note that the movement of Bitcoin to private wallets indicates that retail investors are choosing to hold onto their Bitcoin rather than keeping them on exchanges, potentially facilitating exchanges for fiat or alternative cryptocurrencies. Keep in mind that SEC has classified 46 cryptocurrencies as securities, which has significant implications for investors, exchanges, and the crypto industry as a whole. Trading these securities without proper registration may result in penalties for selling unregistered securities, thats why Binance is facing legal actions More importantly Bitcoin is not included in this list of 46 cryptocurrencies by the SEC. It focuses on the specific cryptocurrencies that have been classified as securities by the SEC, and Bitcoin is not among them. Bitcoin is often considered a decentralized digital currency rather than a security. Therefore, trading Bitcoin does not fall under the same regulatory requirements and potential penalties as trading securities. SO I think thats one of the reasons why BTC is doing quite well compared to alt coins. However, it's important to note that regulations may vary across different countries. From an Elliott wave perspective I bitcoin supports at 25k, followed by 22k. On ETH I see very important 1600 area. Grega
BITSTAMP:BTCUSD
by ew-forecast
3