Bitcoin technical analysis

BITCOIN ON THE SLIDE TO 28K OR BELOW


Break of 41785 and it is done , adios bulls


Technically the weekly is in the 2nd stage of a corrective move with 3 swings down visible inside the first swing , next swing up is the B wave corrective abc with a clear impulse in the last wave of the abc , currently the structure of the impulse is looking to be broken with a break below 41785 confirming the slide towards 28k to complete another 5 wave structure to the downside which completes the overall flat type correction from weekly perspective , after that we should see a push back up above 65k highs

Another short. The quick large moves like earlier today keep me from holding a long time from here, so just a scalp till a larger retracement takes place. TP $41,750

43000 hit. watching for a possible buy signal

Bitcoin took a beating today going down $3,794 but at one time it was down by more than $5,000 as represented by the extremely high ATR of 5,133 with a high of $47,573 and a low of $42,440.

Now we can see daily new minor trend has reversed the prior upswing , so now we are in motion to 28k or lower

Tp on this one yesterday. Got another short at $43,500- Tp $41,000 last night/morning. In short an hour ago TP $38,500. Where are the critical bull traders?
BTC is bullish but it has not touched the mathematical C, given the very large moves down in a day the probabilities are they will try to hit it before moving bullish and breaking $65,000. That is the reason for my constant bearish trades. I do not like to day trade this pair so I stick with longer term trades/swing/SR.
When the time is right I will be going long, just not yet.

Bitcoin took another beating today going down $2,622 with a high ATR of 3,770 with a high of $43,885 and a low of $40,115. It's quite rare to see Bitcoin losing over $6,400 in 2 days.

In my analysis, bitcoin will keep crashing in the coming 6-8 months with low being somewhere between $20k to $12k, im favouring more $13k-$12k

I agree with aprox dollar figure but the time will be much quicker.

Added more shorts

Bitcoin went up $2,396 with a high ATR of 4,457 with a high of $43,986 and a low of $39,529. It almost recovered yesterday's loss but the big question is will Bitcoin continue its upward trend or will it fail again.

FPA technical analysis: Despite that BTC is showing solid upward bounce, we treat risks of return to 38K as significant.

Bitcoin went up $1,336 with a low ATR of 1,917 with a high of $44,911 and a low of $42,994 but it's still down for the week.

Closed out the previous set of trades, just got 2 more in.

There seems that there are forces that prevent Bitcoin to resume its upward movement as it went down $1,783 today with a high ATR of 4,470 with a low of $40,644 and a high of $45,114.

Hi all,

New to the forum but been trading since 2018 and have 0.25 Bitcoin. :0
Anyone here knows cycle trading?

Hi again all.
Here`s the 3rd consecutive post with which i`m showing you why nothing has changed in Bitcoin`s technicals (up to this date) and the bull run is not over yet at all. Despite the last 2 big dips even. This time will be the monthly time frame and won`t be so full of indicators and may be not so interesting like the weekly one but let`s go straight to the point.
The chart actually is a bit of an update to the same one i`ve shared back in June. When you look at the chart you`ll see exactly the same price action in the middle from every halving to the next ATH. What do I mean. First we see the halving. Next we see a very good pump. Then we see a correction. And after this correction we see the next cycle push to the next ATH. All this sideway move and correction periods are closed in a very specific and proportional borders. Like you`ll see in the chart it`s a simple math:
* The top which we must break to the next ATH is equal to the last ATH multiplied by 4.
* The bottom which is acting as a support and we`re fine until the price is above it is equal to the last ATH multiplied by 1.5.
Guess what… this pattern is absolutely still intact. Even the last 2 big dips didn`t ruined it.
The new thing in the chart is the added RSI. The three yellow lines are very significant support or resistance levels. Won`t go into long explanations here but the most important fact is that even with the $64k top we didn`t break the higher line, like back into the last ATH`s, which i`m considering as that we didn`t reach this cycle top.
That`s it for now. Now you have my full vision about the long-term Bitcoin perspectives. Hope it will help you. Next time i`ll show some interesting fractal which i`ve found in the web. It`s now mine but it`s very interesting and I like it.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.

H2

Saturday wasn't good for Bitcoin as it continued its downslide losing $450.