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Bitcoin Falls Short of $25K, will it Retrace Further?Bitcoin has broken out past $23.9K, then immediately retraced back to comfort between $22.4K and $23.9K. We appear to be seeing a head and shoulders type pattern and if so, this will signify some resistance and perhaps a further retracement. If that is the case, expect support at $22.4K, then there is a vacuum zone down to $20.7K. The Kovach OBV has established highs but has rounded off gradually. If we are able to see more momentum then $25.1K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
BTC manipulation at its max.As i have stated yesterday about the btc prices been bearish. BITSTAMP:BTCUSD as you can see the price movement yesterday was ridiculous, tricking many, many people going into long positions. the buy volume was so little but with a massive green candle is corporate funds exiting the position after jacking up the price for retail investors. Dont fall for it next time when you see little buy volume with a large green candle. we are still on track for the short position i have stated yesterday at the 23233 area when it breaks we trade.
BITSTAMP:BTCUSDShort
by ciythex
BTC - 28K See You Soon! ETH Analysis insideHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been overall bullish from a medium-term perspective for the past two weeks. BTC is trading inside the rising channel in red and yesterday the bulls managed to take out the previous high signaling a trend continuation. So yes, as per my last couple posts here, I am still expecting a movement till the 28k-30k resistance / supply zone. As per my trading style, I will be waiting for BTC to retest the intersection of the gray zone and lower red trendline to look for buy setups. Knowing that we can go up to 28k straight from here, that we can see better on ETH on ETH, we are bullish trading inside the rising red channel, and it is currently stuck inside a consolidation in the shape of a pennant. For the bulls to take over, we need a break above the pennant and last minor high in blue. In parallel, if the bears kick in and break the pennant downward, then a movement till the lower red trendline would be expected, where we will be looking for trend-following buy setups. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
57
Bitcoin Rallies Again, Meets ResistanceBitcoin broke out and is hovering just under relative highs. We caught a nice pivot from $20.7K, but resistance from $23.9K is proving prohibitive at the moment. The Kovach OBV has picked up, but we must first break this barrier at $24K. It appears that some life has returned to the markets, as the GDP numbers yesterday indicated, by definition, that we are in a recession. This means that the Fed will have to turn to more dovish rhetoric, which may reinvigorate buying interest in stocks and crypto. If so, the next target is $25.1K. If we retrace, expect support from $20.7K.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Rally Falls ShortBitcoin saw a nice pivot from support at $20.7K after the FOMC statement. The 75bps rate hike lifted uncertainty about the Fed's outlook and stocks and other risk on assets were clear for a rally. We broke above $22.4K, but are meeting resistance in the vacuum zone between this level and $23.9K. We don't expect anything staggering from Bitcoin in the near future, so anticipate resistance at $23.9K. If we see a retracement, we could easily head back to support at $20.7K. There is strong support in the $20K's, but if this does not hold, $18.6K is a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Clings to the Low $21K'sBitcoin has fallen from highs at $23.9K, crushing hopes that another bull market has returned, and confirming our assertion that this was a 'bull trap' all along. We are finding support at $20.7K, after hitting this level exactly. Support is confirmed by a green triangle on the KRI. We got a small pivot from there, but are running into resistance confirmed by red triangles on the KRI. The Kovach OBV has drifted downwards, but may be bottoming out soon. If the momentum can continue, we expect resistance again at $22.4K. If we fall further, there is a vacuum zone to $18.6K.
BITSTAMP:BTCUSDShort
by quantguy
1
Bitcoin Pulls BackAs anticipated, Bitcoin has fully retraced the entire breakout, to the upper bound of the range it has held since mid June. We are finding support at $20.8K, but after that we will reestablish that value area. We should have further support around $20.8K, then $18.6K, which is the lower bound. The level $17.6K should be considered a floor in case things get really ugly. If we are able to break out again, then $23.9K is the next target, if we can break through $22.4K. Anticipate the market to be quiet before the FOMC meeting today.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin RetracesBitcoin has retraced from $22.4K, as anticipated. We did not see much reason for the rally, and felt that $23.9K was a bit top heavy, especially after such a hard sell off from June. We have returned to the value area between $18.6K and $22.4K. We appear to be getting good support around $22K, but the next support level is $20.7K if this does not hold. If that breaks there is a vacuum zone back to $18.6K. If we are somehow able to break out, then $23.9K should hold strong, providing significant resistance.
BITSTAMP:BTCUSDShort
by quantguy
⚡️⚡️ #MANA/USDT - 900%⚡️⚡️⚡️⚡️ #MANA/USDT - 900%⚡️⚡️ #HODL Entry Conditions: - RSI Daily Trendline Breakout - Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy. News Source: finbold.com Entry Zone: 1) 0.5985 - 0.9610 Take-Profit Targets: 1) 1.349 - 12.5% 2) 1.705 - 12.5% 3) 2.184 - 12.5% 4) 2.792 - 12.5% 5) 3.504 - 12.5% 6) 5.101 - 12.5% 7) 6.068 - 12.5% 8) Leave open to ride as could be parabolic at this stage Stop Targets: 1) 0.2819 - 100.0% Entry Conditions: - RSI Daily Trendline Breakout - Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy.
BINANCE:MANAUSDLong
by Kryptochristian
Can Bitcoin Break Out Again??Bitcoin has retraced from our level at $23.9K, which was a strong resistance level that we identified yesterday. Recall that we also said that it would be unlikely for BTC to break through this level and that we would likely find support at $22.4K. This is exactly what happened and BTC is currently maintaining a narrow range between these two levels. The level $22.4K is the upper bound of a previous range so if we break through this we will likely return to the previous value area between $18.6K and $22.4K.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Finally Breaks Out of the RangeBitcoin finally broke out of the range, but is encountering a lot of resistance at the next target above, which we identified yesterday at $23.9K. Multiple red triangles on the KRI are confirming the resistance, but the Kovach OBV is strong. If momentum can sustain, then $25.1K is the next target, then there is a vacuum zone to $27.9K. If we retrace, we should see support at $22.4K, then $20K. A retracement could take us back to the familiar range between $18.6K and $22.4K.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Tests Highs of the RangeBitcoin saw a nice pump from a softer dollar and strength in stocks. We were able to break out of the $20K handle, and is currently testing the next level above at $22.4K. This is the very top of the range, and a well established level of resistance. A red triangle on the KRI provides confirmation that we are running into resistance here. If we can break through, then the next targets are $23.9K then $25.1K. If we fail to break out, we could test the base of the $20K handle again or lows at $18.6K.
BITSTAMP:BTCUSDShort
by quantguy