This is our short-term analysis updated...
Targets are as follows:
1) $16,750
2) $17,055
3) $17,220 (higher high)
4) $17,690 (final target for this chart setup)
The short-term charts are always changing... Fast.
Invalidation happens short-term below the blue-line or a stronger stop below the 19-Dec. low.
Any questions just leave a comment.
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I shared a...
As the people buy bitcoin thinking its the bottom,
(16,000-17,000)
WHALES will SELL HARD
ON THAT TOP (18,000) CATCHING ALL THE SMALL FISH IN ONE SOLID HIT. (SELL BUTTON)
THEN!
REAL CAPITULATION WILL OCCUR. (12,000-9,000) (REAL BOTTOM)
Consolidation continues to takes place.
The chart remains the same so we will have a look at something different today.
First the shakeouts.
- We had one 19-Dec and another one yesterday, 22-Dec.
- The second one smaller than the first and also a higher low.
Now an interest data point.
BitFinex price for bitcoin is higher than all other exchanges, I am seeing...
BINANCE:BTCUSDT
maxRECORDS (Future Trading)
LONG | BTC
Entry : 16800
Take Profit
17500 & 18500
Stop Loss
16500
2x Leverage with High Amount.....
For More Signals
Please Follow My Account.....
We just had a shakeout yesterday which can be taken as a bullish signal.
A breakdown of support is obviously bad but seeing prices quickly recover after a drop is a sign of bullish strength.
Bitcoin (XBT) remains within the same range as the 16-Dec. drop.
Our main support levels will remain $16,580 and $16,100.
We remain bullish above these levels...
The path for Bitcoin still remains bearish as price action remains below the 200 SMA on the daily timeframe. Dollar Index continues to climb adding additional bearish pressure for Bitcoin.
As of writing this article, I don't see any reasons to buy at these prices. I see Bitcoin dropping lower towards 14000 and beyond that towards 10,000
With no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels.
What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices:
job cuts
Covid is spreading like rapid fire throughout China.
Ukraine War which not coming to near end.
Inflation and massive energy bills
with nothing...
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...
![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")
