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Btcusdanalysis

BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
BINANCE:BTCUSDShort
by fxtraderanthony
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin has reached a crucial support level after a decline in bullish momentum. The price has become significantly overextended, leading to the question of whether we can expect more downward movement or a substantial retracement. In the video, we delve into the trend, price action, market structure, imbalances, and other essential aspects of technical analysis. As always, the video provides a detailed explanation of everything discussed, and it's important to note that this content should not be interpreted as financial advice.
OANDA:BTCUSD
by fxtraderanthony
45
Finally some movement $BTCChart Analysis: BITSTAMP:BTCUSD KUCOIN:INJUSDT The Bitcoin market shows signs of stirring from its slumber! As anticipated in our preceding commentaries, BTC is making its way towards the 18k zone. However, the strength to break through significant resistance points eluded it, just as we discussed in our earlier videos. Notably, there has been an adjustment in our projection of the massive cup and handle pattern. The recent trend line breach on the weekly chart likely invalidates this pattern. A confirmation of a double top pattern is evident. Following this, BTC retested the newly established resistance and took the downward trajectory, just as predicted. So, what lies ahead for Bitcoin? The forecast suggests a few more sluggish days of price oscillations, potentially culminating in a liquidation sweep or a retest of the longstanding trend line. Should this play out, it presents an opportune moment to initiate a short position and ride the price down towards the 18k area (though this target may shift as we approach it). It's essential to note that now isn't the ideal time to short; the current position is too extended from the EMA. It's wise to await a retracement. Risk Management: Navigating the volatile crypto market necessitates meticulous risk management. As you consider potential positions, align your size and strategy with your risk tolerance. Tools like trailing stop losses can be invaluable in preserving accumulated profits as the market evolves in your favor. Disclaimer: Please remember, this analysis is shared for educational insights and is not a financial recommendation. We urge you to conduct your own comprehensive research and, if needed, seek advice from a financial consultant before making any trading decisions. Trade safe!
BITSTAMP:BTCUSDShort
by mammamia2
2
Bitcoin -> Bullish Move Ahead!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. You can also see that Bitcoin is approaching the weekly support trendline of the obvious rising channel so also from a weekly perspective everything is pointing towards more continuation towards the upside. I am only waiting for daily market structure on Bitcoin to shift back to bullish and if we see a break and retest of the current resistance level then I also do expect another daily bullish rally. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
COINBASE:BTCUSDLong
by SwingTraderPhilTV
30
Bitcoin -> No Bullrun Now?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows - however we could see a short term rejection away from the current resistance zone but eventually I do expect a bullish break as well. You can also see that Bitcoin now broke below the previous daily support and is therefore now in a bearish market so I am simply waiting for a break back above the structure and then I do expect the overall bullrun to continue. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by SwingTraderPhilTV
33
Bitcoin -> Consolidation Breakout!?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside. With Bitcoin once again retesting previous daily support we could see another rejection towards the upside but this is definitely a coinflip trade so I am now waiting for a clear range breakout and then I will look for a buy trading setup. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by SwingTraderPhilTV
25
Bitcoin -> Massive Back And ForthHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside. Looking at the daily timeframe you can see that Bitcoin is still stuck in between support and resistance so I am now just waiting for a clear breakout towards the upside before I also then favor another bullish continuation setup. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by SwingTraderPhilTV
24
BTC Bitcoin Technical Analysis and Trade IdeaIn this video, we closely examine Bitcoin, noting that it has been range-bound at a significant resistance level. The chart indicates that the trend is starting to display signs of potential weakness. Throughout the video, we delve into various elements of technical analysis, including the trend, price action, market structure, and other relevant factors. Towards the end of the video, we explore a potential trade idea. It's important to note that the information in the video should not be interpreted as financial advice.
BINANCE:BTCUSD
by fxtraderanthony
Bitcoin -> Shaking Buyers And SellersHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside. With Bitcoin trading in a daily range at the moment there is nothing too interesting to trade at the moment so it is best to wait for a bullish breakout before we could then see another major move towards the upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by SwingTraderPhilTV
44
Bitcoin -> Make It Or Break ItHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is once again retesting major previous weekly resistance from which we saw a quite harsh rejection towards the downside at the $31.000 level. However you can also see that weekly market structure is still very bullish, Bitcoin is still creating higher highs and higher lows and there is always a higher chance that momentum continues so I am now just waiting for a clean break above the resistance and then I do expect another bullish rally. On the daily timeframe you can see that Bitcoin is currently not able to break above the strong resistance level so we might see another retest of the $29.500 strong support zone and then I do expect a bullish rejection away from the support area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by SwingTraderPhilTV
23
Bitcoin -> Bullmarket BehaviourHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite nice and obvious previous weekly resistance zone which was turned support at the $25,000 level. You can also see that Bitcoin is now just creating a new higher swing high, confirming the overall bullish uptrend so I simply do expect some small correction after the recent pump but then some longer term continuation towards the upside. On the daily timeframe you can see that after Bitcoin perfeclty broke out of the falling wedge formation we just had a rally of 15% towards the upside but considering the fact that Bitcoin is again retesting resistance I first do expect a drop before then another bullish rally. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by SwingTraderPhilTV
27
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
Bitcoin -> The Wegde Is BreakingHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin now finally retested and already started to reject a quite nice previous weekly resistance area which is now turned support at the $25.000 level. You can also see that weekly market structure and moving averages are still bullish, in my opinion Bitcoin also already created the bottom of the last bear market and is now ready for more bullish moves, so I simply do expect a rejection away from the support zone. On the daily timeframe you can see that Bitcoin is still trading in a falling wedge formation and just retested the lower support trendline towards the upside - I am now just waiting for a breakout and a break above the $26.000 level before I then do expect another rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by SwingTraderPhilTV
31