Bitcoin (BTC) analysis thread
Member Since Jul 20, 2020
399 posts
Jun 05, 2022 at 14:45
sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
Member Since Apr 09, 2019
538 posts
Jun 08, 2022 at 12:42
CraigMcG2020 posted:sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
These are the levels I have my eye on as well.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 20, 2020
399 posts
Jun 12, 2022 at 10:38
sebking1986 posted:CraigMcG2020 posted:sharabela posted:
Bitcoin is going to take time to get bullish. Even the weekly chart looks good for the Bear. If the level of 35K becomes support, it may get bullish then. Meanwhile, we may see some bearish move in the daily charts.
Im looking at the 20k mark but there is an imbalance at 12k too so will keep an eye on it from the sidelines for the time being
These are the levels I have my eye on as well.
Just seems to be trundling down to that 12k mark would be massive amounts of value taken off BTC but an amazing discount price
Member Since Feb 03, 2018
9 posts
Jun 12, 2022 at 13:21
sebking1986 posted:VERY WELL INFO.
I can see a continuation of the upward trend happening this week. All the technicals are pointing towards a bull run and combined with the threat of CV popping up more in Europe and other countries outside China we could see a continuing trend of BTC being used as a safe haven.
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Jun 13, 2022 at 13:48
Bitcoin made a very significant bearish breakout. It breached the level of 25K. It means the sellers may have found a strong resistance, which may drive the price towards the South for a while. 20K is very much on the card if today's daily candle closes below 25K.
Jun 21, 2022 at 07:45
Bitcoin seems to be having a bullish correction. A down trending trend line has been playing a vital role to drive the price towards the downside. If the price goes back to the trendline's resistance, the sellers may drive the price towards the South again.
Member Since Jun 10, 2022
26 posts
Jun 22, 2022 at 04:35
The corrections seems to be good but the chances of stabilizing is what I suspect.
Member Since Jun 10, 2022
26 posts
Jun 22, 2022 at 04:36
marco_mmbiz posted:Interestingmomo3HC posted:
Hi all.
I`m here again but this time will be a bit more different from the other ones.
I`ll be short and most of you will not like the below chart may be, but in the markets we must be always emotionless.
In short, BTC price could be at the edge of the cliff right now. When we look at the daily chart we’re seeing a very good looking ascending channel. That’s bullish right, but when we zoom out we’re seeing something a lot more different than bullish. That’s a bear flag. If you don’t know what a bear flag is then just google it, but a bear flag, like it`s name is showing, is a bear pattern. There’s no confirmation breakdown yet but if this happen we could see a price drop to the mid $20K - around $25000. We just got to be prepared and the world (and BTC) would NOT end with this. Will this happen only the time will show. When will be the bottom if this happen… Think I have something in my pocket to point the bottom but I`ll tell you more about this if and when this drop happen.
That’s it for now. A simple and clear chart. I hope that such negative charts will be less and less in future but that`s the real life. I have something positive prepared for the next time too plus some trading strategies testing but for all of this… when the time have come.
See ya.
Oh, wow. Your chart was really well-done with that 25,6k level. 😳
Member Since Jul 20, 2020
399 posts
Jun 25, 2022 at 16:05
Instruments move up and down for sure so a 'negative' chart is just as good as a positive one to those that trade leverage ;) I think itll go to 12kish but it has stabilised around the 21k mark for the moment
Member Since Jun 10, 2022
26 posts
Jun 28, 2022 at 05:41
CraigMcG2020 posted:Yes and it possibly would have the same momentum.
Instruments move up and down for sure so a 'negative' chart is just as good as a positive one to those that trade leverage ;) I think itll go to 12kish but it has stabilised around the 21k mark for the moment
Jul 07, 2022 at 20:00
Bitcoin has been bullish so far this week. Today's candle may close as a bullish candle as well. However, there is a down trending trend line in the weekly chart. The price may not get bullish in the bigger chart until the price breaches the resistance of that trend line.
Member Since Jul 20, 2020
399 posts
Jul 11, 2022 at 11:46
Freddy4Taylor posted:
Even though cryptocurrencies have fallen in value, I think bitcoin should strengthen by the end of the year.
I think so too, it wont take much for it to start pushing up again and sentiment to change. I dont think it will be a rapid rise though as lots dont have disposable income with inflation to jump back on board
Member Since Jun 10, 2022
26 posts
Jul 12, 2022 at 06:00
Felhagamand posted:
Honestly I do not believe that the BTC will be somewhere around that levels anyway. How we can go further with that matter totally and completely? I wish I was able to invest in BTC when it was worth peanuts and will sit now and discuss what to do with it honestly.
Yes the high it had was because of hype from Elon and having money to spend.
Jul 13, 2022 at 06:18
Bitcoin gets caught within a horizontal range. The level of 21K has been working as a level of resistance. If the level of 17875K works as a level of support, then it may be traded within this range for a while. A bearish breakout may drive the price towards 15K.
Member Since Apr 09, 2019
538 posts
Jul 13, 2022 at 12:36
It's not showing bullish signs to me at all yet. In a range and still has areas it can target below.
If you can't spot the liquidity then you are the liquidity.
Member Since Jan 13, 2021
52 posts
Jul 15, 2022 at 11:31
sebking1986 posted:Do you think it will go lower, seems happy here for the moment
It's not showing bullish signs to me at all yet. In a range and still has areas it can target below.
Member Since Jul 20, 2020
399 posts
Jul 17, 2022 at 15:21
Could still go to 12K yet i think
Jul 17, 2022 at 16:32
Bitcoin seems to have found its support in the daily chart. However, the weekly still looks very bearish. Thus, the level of support is to hold the price for at least a week more and produce some bullish momentum in the weekly chart before getting bullish. Let us wait and watch what happens next.
