kingofkrypto1

Bitcoin is currently testing around the $17,000+ region, and if it falls below, the next short term FIbonacci target is around $16500, then the long-term Monthly (time frame) Fibonacci target is around $3100. This is a stark reminder of just how quickly this market can be liquidated. We saw dramatic falls between previous Fibonacci support. Stay sharp and keep tight stop losses. I am keeping an eye on these key levels on higher time frames, that I have been watching all year. These longer term support lines have proved very accurate during this bear market. It's been very easy to short to them. With the news of the economy slowing, it is very possible to see Bitcoin and overall crypto market cap continue to breakdown.Short term Fib target $16,500 There are several key support & resistance pivots around $13,100, $12,800, $10,100 and $9,000, $8,300, and $7,700 to watch for in the event the price turns down further. These would be tested long before we fall $3100.Disclaimer: This is not financial advice, do your own due diligence, only invest what you can afford to lose.

Bitcoin reached my 1st Bearish Target of $25K. I posted this idea back on June 5th. The 1500 Day moving average was tested again and blew right through, so we did not get a bounce. The 1500 MA has now moved lower because of the drop below $26K. This signifies there is much more room to go down to the next fib line. The 1500 MA is now fairly close to the .236 Fib. I imagine these will overlap in the coming days.I have a .236 Fib target set at about $18,600. We will have to test that next. Inflation is stagnant above 8.5% and the U.S. has to absorb the amount of currency it just printed. We printed 40% of the total supply in history in just the last 2.5 years. That debases the dollar and causes it's value to decline. Once the decline of the dollar is confirmed against the Trade-Weighted Dollar Index, Bitcoin should move up against it as it has in the past over every 48 month period. However, investment in cryptocurrency has been following the stock market. I was cautiously long on my last idea, but still left myself a stop loss and bearish target.Price has dropped below $21000. I adjusted my target to around $18426, since Fib updates.

I've set up the FIbonacci according to the lowest point of the 2018 Bear run. This has proven to be a safe zone for me.Bitcoin is currently bouncing along the .382 Fib and has not broken out yet. On May 12th we got a sharp test on the 1500 Day Moving Average.I am waiting to see if Bitcoin will break below the current Fib again and retest the 1500 Day MA, and hopefully bounce to confirm solid support there- or move up in a reversal from the 1500 Daily MA, as in the past. A double bounce would be a great sign of a solid turnaround, but not necessary according to it's past tests of 1500 MA support. This seems to be a major fallback point, signifying solid support.However, there are multiple upside targets. Each dashed red line is a resistance/support line with a price label. These will likely coincide with shorter term FIbonacci placement, but in this case I use both the S/R lines and the long-term FIb for targets. A green dashed line indicates support with a price label. These lines change from red to green and green to red, as the price moves through them and they change from resistance to support, and vice versa. The diamonds are pivots, and the colored labels above and below are coded confirmations.The .236 Fib is below the 1500 Day MA, and I anticipate this to be the lowest estimated point Bitcoin would test. It's still possible, due to the instability in the overall markets, expansion of the war in Ukraine, reduced consumer spending & risk due to inflation, and reduced available borrowing capital. According to a recent IMF report on dollar dominance in global markets, “the share of reserves held in US dollars by central banks has dropped by 12 percentage points since the turn of the century, from 71 percent in 1999 to 59 percent in 2021." The USD is losing value as a result of this drop in dominance and loss of trust by other countries in the world. However, BTC is measured against so many other currencies and digital assets. Most noticeably, the USD losing value historically sees increases in BTC value. I believe that we are in for a major surge in the Bitcoin price long term and a major decline in the dollar value short-term and long-term. 40% of our country's total currency in history,was printed in the last few years. Our National Debt increased to over $30 Trillion, we saw inflation rise to over 8%. This money printing has further debased our currency, and countries like Russia and China are moving away from the USD. Inflation is causing the USD to lose 1% of it's value every 30 Days. This doesn't really take into account or include the rise in energy, food, goods, & services costs.===>>tokenist.com/every-30-days-inflation-is-reducing-the-us-dollars-value-by-1/Bitcoin has steadily gained value over the last 10 years while the USD has continued to fall. So, I'm trying to make sure I am betting on a winning horse here. It's definitely not the U.S. Dollar. Just look at how much value it's lost against the Russian Ruble in just the last 3 months.Price has moved to reach the 1500 MA. Last Fib target still real.Price reached 1st Bearish Target.

On the Daily chart Bitcoin has the potential to complete a Head and Shoulders pattern, like so many altcoins did- so watching for this confirmation of drops below key support is critical. When looking at the Monthly chart, the RSI/SRSI indicators show a likely continuation down, indicating more time is likely needed to shake out this correction.Currently resting on the 13 Moving Average on the Monthly, the 34 and 100 moving averages are shown for reference. A drop below the 13 MA would set us up for confirmation, and a test of the 34 MA. $20K and then possibly a test of $10K are very real longer term correction targets to consider.BTCUSD has confirmed 50 MA crossing down on the 200 MA on the 1 Day. However, there is strong support at approximately $29433. .382 Fibonacci is at approximately $26979. A drop below $29433 and .382 Fib would send us lower to about $19500 to start. Looking at RSI/SRSI Multi Time Frames, on the 1 Day, BTC still not quite fully oversold on the 1 Day, but this consolidation sideways leaves me willing to consider that if it holds, we could see a continuation up. Not financial advice. Don't invest more than you can afford to lose. Learn basic trading fundamentals, and consider using tight stop losses.Bitcoin definitely completed the 20K correction. We should be in good shape now to keep going up long term since the dollar index is falling.

A lot of people trade fibonacci and EMA's. I love both of these indicators. However, trend lines are where it's at along with Support and resistance lines. Don't get me wrong, EMA's (moving averages) along with fib lines, are great indications of where price could hit. However, trend lines mark the reality of where price action will be, and support/resistance lines provide the guide; moving averages are just the indicator that lets you know the price reached that point in the chart- not predetermined targets.Based on the chart analysis and RSI/SRSI movements, I believe Bitcoin will test the 4 hour. This would be a short term setup in my opinion and I would look to see it bounce around. Let's see what happens, this is still a bear market. I would anticipate Bitcoin holding the 25 EMA on the 4 hour chart if we were not in a downward trend, the higher time frame is showing red still in the shaded line in the background. IF we drop below the 6 hr and the 25 EMA on the 4 hr, we will likely see a 10%+ drop. Not financial advice, don't invest more than you can afford to lose. If you aren't leverage trading this market, you are crazy. If you want to learn how Leverage trading is NOT A SCAM, I would love to teach you what I'm doing, and also show you how to adjust your leverage depending on price momentum so you don't get liquidated. Leave a comment. I'll get back to you.

Bitcoin BTCUSD punched through the 200 day moving average and created a new resistance at $42475 which we are below now. Hopefully you took some profit from most of your trades, and hopefully you didn't buy at the top.Price action likes to move to the next trend line or support/resistance line down, and usually only bounces back up once it finds support, bounces a few times. For me, I only buy when there is a breakout, or confirmed breakdown; and as it stands we are below resistance. The tools I am using here include time frame trend lines, parabolic confirmation( red or green circles), dashed support/resistance lines. Each orange diamond is a pivot point, and the red/green/gray pivot markers confirm a change in trend along with the breaks on the current time frame trend line (green/red thin line between candles)Be prepared to have buy orders at $30K and $18K if we do not break back above $42475.This is not financial advice, merely my ideas for my own analysis.Bitcoin dropped back down from the doji candle, and now we have another doji candle at 37,000. What do you think is going to happen here with the news less than an hour ago that China is going to crack down on miners?BTC back down to $31888 to test support. This consolidation and support run is actually similar to the consolidation of Jan 10 to Feb 7th before BTC jumped to new highs. However, we all know that on that back side of a move like this, BTC usually drops to previous lows to complete a H & S pattern, before another bull run.

Looking at the fact that Bitcoin has surpassed the downtrend line set by it's high point for late June of 2019 (lower dotted line in green), I set markers 1-3 to pay attention to. The upper green dotted line is the downtrend line from the high of 2018. Currently Bitcoin is pushing up against a resistance line from the middle of June 2019 (circled yellow dotted line), that was tested a few times (referenced by other yellow circles). As it pushes up, I will be looking for it to reach my other targets. 9547.53 was the current price at the time of publish, and it was right at the yellow resistance referenced.I'm using a mix of HA/Reg candles/HA indicator (HA indicator has purple arrows for short, green for long), with slope trend, and wave trend, to determine direction. So far, they have worked well for day trading, and kept me out of trouble on the 1 min chart all the way up to the 1 Day chart. I prefer shorter time frames, in and out. Setting stop losses back at the 2nd to the last low candle/wick for longs, and at the 2nd to last high for shorts, have made a huge difference. Often times it will test the first low or high, then continue in the same direction I was trading, and I just move my stop loss up as a new low/high are formed.I generally wait for the slope to trend up or down, the wave to be going from oversold/overbought, and a higher high or lower low candle before placing a trade long or short.RSI (in orange at the bottom of chart) is already inching to overbought, however, sometimes the last big pushes come as RSI crosses above 80. Keep your eyes open.Disclaimer: I am not a financial adviser and this is not financial advice or an indication to make a trade.Bitcoin is at Target 1.Looking overbought, let's see if this bull flag continues up.One week TF showing there is still plenty of room to go.

Binance coin has nearly tripled it's value in the last 90 days and is working against Bitcoin as Bitcoin continues bearish. I am so glad I got in when it was around $4.50. These are the next levels I am eyeing, but I will stay in for the long haul and accumulate as much as I can. This utility coin is required in order to get discounts on fees with Binance trades, and when volume spikes, more BNB is spent, more is bought to keep up with the discount for fees. Since Binance is the largest volume exchange for crypto in the world, and they burn a certain number of tokens quarterly, I am on the long train. I expect some pullback here and there, but the channel is holding strong and BNB is bouncing off EMA's like a quarter off a bubble booty.Reached top target. Will Take Profit 50% and leave the rest in and see what it does. When a strong pull back happens on the 1 Day, I will be ready to accummulate more. Disclaimer:These are my personal opinions, only risk what you can afford to lose. Not financial advice.Exited trade around $13.3

Come on everybody, let's rally this biatch! Why are you all shorting this wedge? Bring it back to positive and bullish!!!!!