Bitcoin (XBT) is trading within a descending channel.
- Chart signals are bearish.
- Trend bearish.
There is a bullish divergence with the RSI.
Potential for a reversal in the current zone possible.
Main support $16,500.
Above this level bitcoin can break out of the descending channel and move up (green arrow).
Below $16,500 this analysis is...
Bitcoin (XBT) continues trading within a range.
All the technicals are the same as before, bullish.
We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.
The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.
Better to wait after they make their move to see how the market...
What if the low is already in? A look back at the patterns we have since early 2021, it is the first time since China mining FUD in May 2021 we have a bullish pattern forming again. This is the weekly chart so this is more of a longer term idea...also, the bullish MACD cross on the weekly is still intact. But you pretty much cannot trade this in the crypto stocks,...
LEVERAGE BTC Futures LONG ✅
Entry Point : USD 17440
Goal : USD 18000
Stall Brake : USD 17180
Leverage is extremely risky and must be executed with money that we are willing to lose or touch the stop loss
Leave a comment that is helpful or encouraging. Together we can dominate the markets.
Trading is the only trade in which the only one...
This is only the tip of the iceberg, the big moon is here. Watch the big sign, the erect line is the biblical sign we've all been waiting for.
It's LONG
We are now in wave 3 of the 5 Elliott waves where Bitcoin
It is almost at the end of wave 3 and there is a strong possibility of the rise of corrective wave 5.
HELLO GUYS THIS MY IDEA 💡ABOUT XBT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
I've seen so many ideas for short positions at this level, even tho it could go lower to 13k, why would you risk and short position close to bottom??. If you didn't short at the top or in one of the bounces, save yourself the terrible feeling of getting liquidated by one of those short squeezes and use some logic.
The opportunity to rebuy on the drop is almost over.
Bitcoin (XBT) is getting ready to move ahead.
Full moon blessings.
After a resistance level is hit, it is normal to see a correction.
After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov.
The bullish bias remains intact.
Additional...
"I checked it very thoroughly," said the computer, "and that quite definitely is the answer. I think the problem, to be quite honest with you, is that you've never actually known what the question is."
Bitcoin (XBT) stays within the same range...
We challenged the upper resistance followed by a quick rejection yet the bulls stay on top.
We continue aiming higher.
Not much to report as the chart structure stays the same vs my latest update.
For questions just leave a comment.
You can visit the "Related Ideas" below for the longer timeframes as well as...
Let's continue looking at Bitcoin (XBT) on the short-term.
(For higher timeframes and the Altcoins, see "Related Ideas" at the bottom of this post).
The chart structure changed completely and for the better.
The main support we were using, MA200 and EMA300 have now become secondary.
The bulls are ahead.
EMA50 at $16,885 is the main support to look for on a...
Looks like it will break persisting indecision shortly.
The key price would be roughly 17200 and 17600 (see related ideas below).
I'm interested in whether BTC defeats the bearish AB=CD to form a diagonal triangle with an upside throw-over, or ends up in "failure" in Elliott's sense.
![XBT: [BTC-USD] | $64,000 | INCOMING MOON !!! - The Erection Line](https://s3.tradingview.com/j/jBJx60LF_mid.png "[BTC-USD] | $64,000 | INCOMING MOON !!! - The Erection Line")
