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100k

BTC 100k!Many people are looking for a 100k BTC price. This pattern could support us getting there. Right now it looks a bit sketchy, but I think it is going to play out. The pattern is an ascending triangle, which is very bullish and has high chances to break to the upside. The target is around 100k if we break up in the next weeks, but you need to keep in mind, this pattern is very big and it could take longer to break up. The pattern ends at march 2022. Hope you could understand the market better, if you have any proposals for coin analysis, write the down in the comments!
BITSTAMP:BTCUSDLong
by HenrikDaCrypto
1
Bitcoin about to break out after >200 days of consolidation 🚀🚀Intro: - Bitcoin is the first of its kind as cryptocurrency using blockchain technology and is looked at a store of value like gold , just better. - Bitcoin will help the people to bank themselves and gives some power back to the community. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. Comments: - Today we look at the broader picture and zoom out of the chart. Once we do that we recognize that exciting times seem to be ahead. - The last >200 days basically represent a large consolidation phase where we move between the two thick green and orange price lines (between 30k and 63k). - For this structure it is absolutely normal and expected to see a bullflag that acts as consolidation and accumulation right under the previous ATH that acts as resistance. Daily chart: - Price shows that we are in a consolidation phase below previous resistance since roughly 20 days. This corresponds 10% of the large >200 day consolidation phase and is totally in line. - Volume is on a steady decline since Mai. This supports the idea that we are in a large consolidation and accumulation phase. - RSI analysis shows that we face again resistance that follows the yellow line similar to the previous one. This supports the 20 days consolidation phase. - Moving Average: The 20MA comes to help and can act as support to finally breakout of the large consolidation phase. - Support lines are at 59k$, 41k$ and 30k$. The top of the parallel channel can act as support as well. - Resistance lines are at 63k$. Afterwards we are free to fly. Expectation: - We expect a price breakout within the next two weeks. A possible price continuation is drawn with a blue arrow line. - Now after the approval of several Bitcoin future ETF's in the US we expect that many will follow and even more people and institutions are exposing themselves to Bitcoin. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
BTC Retrace to $55k, then extend to $80k, or $100k.BTC tends to follow fibonacci extension and retracement, plus elliot wave well. Based on previous trends, BTC retraces each major move up to the .5 fibonacci level. So it falls back 50% of it's major move up to 'consolidate' before moving upwards again. BTC is now retracing to the .5 fibonacci level, to an estimated $54-56k area. This would complete the Elliot wave part 4. Based on the recent major move to $65k, an fibonacci extension can be used to measure that move and aid us in predicting the next major resistance level and also complete Elliot Wave part 5. The Fibonacci Extension predicts that based on a retrcement to $54-56k area, the an extended move will reach $80k. This logically makes sense as traders love round numbers to work with. If the $80k dollar is exceeded on a pump through, the next resistance would be at the 1.618 extension, which is $96k. I would expect $100k to be the true resistance, but setting sell orders for swing traders slightly underneath would be the risk appropriate strategy. I currently have no position in Bitcoin. This information is based on my opinion and a bullish market segment, any bad news may alter this prediction.
Long
by cheliosTD
BTCUSD c&h pattern just got a higher breakout target.With the current $4,000 correction in the bitcoin price that I was anticipating shortly after we achieved the higher high / new all time high, we have now officially started forming a handle to the cup we just completed. I was not anticipating we would go all the way to 57k before the correction however. Because o us reaching 57k first the rimline of the cup now has a slight incline to it which increases the potential breakout price. Had we stayed pretty even with the previous all time high the breakout target would have been around 98-99k. Now the breakout target can be as high as 104k if we don’t breakout before November 10th and even higher of a target the longer we wait to breakout after that. I’ve seen cup and handles trigger with very small handles in the past so This one could even trigger before November 10th. I just arbitrarily selected November 10th as the date to get a rough estimate of what the target could be like. We could breakout sooner than that or later than that. The handle could go much deeper than just 4,000 as well. I personally don’t think we will break below 50k and actually anticipate $51333 or so holding candle body support. We will see soon enough if I am correct. I also think the 1 day 50ma should likely hold support as well. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
1
The bitcoin bull is here to stayAs it stands, Bitcoin is very eager to break its old ATH. I think it is only a matter of a few days or fewer until we manage to break the resistance at 64000$ and continue in discovery mode to, while eventually have a larger correction first, once we reach a higher high Bears are really dangerous to misinterpret the bullish pattern. But the next strong pump will teach them a lesson. This is just my opinion, it may be wrong. This is not an investment recommendation to buy or sell bitcoin /crypto.
BITSTAMP:BTCUSDLong
by Lobotto
BTC/USDT Scratching the 64k$ all-time high. Is 100k$ next?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold , just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - Finally the first ETF in the USA is through and live. Many more to follow. Daily chart: - Price shows an upwards breakout out of the purple parallel channel. We now possibly form the next bullflag below the old 64k$ all-time high. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. Considering only the last 10 days volume starts to increase but not by much. - RSI analysis shows a breakout as well and faced resistance around the 70 line. We passed that and now look closely to the 80 line. Crossing that line would signal the first warning that we are within overbought territory and probably should expect a pullback. - Support lines are at 59k$, 48k$, 41k$ and 30k$. The top of the parallel channel can act as support as well. - Resistance lines are possibly at 64k$. Afterwards we are free to fly. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far October does not disappoint but don't get ahead of yourselves, the 100k line is still far away. - Now after the approval of the first Bitcoin ETF in the US we expect that many will follow and even more people and institutions are exposing themselves to Bitcoin. - We expect some sort of consolidation below the 64k$ line. A breakout seems imminent and we expect it to happen during the next 3 weeks. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55