Bitcoin Outlook: Bull Trend Continue or Bearish Reversal?!Here is the update on recent Bitcoin price move and what price action new traders should expect and be ready for.
In video described price action and EMA21 and MA100 price relationship. Buy opportunity and Trend Continuation vs Reversal signals.
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Comments and questions are welcome!
Artemcrypto
Bitcoin Price Update: Expectations and PlanHey! This analysis about price action points and what to expect for mid and short-term on bitcoin. If you find these kind on content helpful and meaningful let me know by hitting like/follow button :)
Stay tuned, and let me know in comment what price action coin to check in next update!
OMISEGO near important breakoutPrice of OMGUSD broke triangle structure, now faced resistance at 4.42 - important level which will be hard to break. if we going above that level there will be opportunity to reach higher levels.
EOSUSDT holding opportunityEOS price approaching resistance line, we can expect breakout in nearest period, and steady climbing to $8 resistance level.
It is risking to buy below resistance, but it affords a little lower price. This depends on your risk management.
EOSBTC looks great and located at good support here is my old chart
Bitcoin Spot BuyI did a mark up of patterns which i see on daily timeframe and marked elliott waves here. I consider this is 3-rd wave, widest and we can see Media start to pay more attention to the btc and i think we going to see more and more news (in regular media) about bitcoin and crypto.
My forecast for bitcoin here - we are going to approach Supply Zone 20k, where possible shake down to make 4th wave (III-IV). In the middle of V-wave i expect huge jump in prices and very choppy period in correction. Be careful there.
Thanks for attention, let me know what you think about next price action
BR,
Artem Shevelev
AION long term tradeHello!
300-350 consider as buy zone
630-820-980-1200 target zones because of support and resistance
Up to 8 month
Confidence: medium
New Monthly ATH (What this mean?)Hey there! Just shifting trough timeframes and notice this interesting fact.
Price on Monthly timeframe broke previous monthly Closing ATH at 13886 and now Monthly Closing price seems like will be higher than ever.
This is awesome fact, because in 2017 we can look at similar output from price.
In May 2017 price of btc broke 2013 ATH Monthly Close at 1102 and NEVER ever back to this price again (yet). I think this is impressive and gives thought about future of Bitcoin in 2021.
Let me know what you think, will price follow same shape this year and next?
Thanks for attention!
Ethereum Approached 500$While Bitcoin pumped to 18k, we can see major alts started following rise step by step.
One of the first who follow btc price, is obviously Ethereum, and it happens quite often
here on pic you can see slight delay in price between ethereum and bitcoin compared to each other
Personally, I do not like to buy for holding at high levels, but there is always good trade/scalp opportunities. Such as if price dump a little but to 420 we can open short-term long in believe the price will go up 480-500 pretty soon again, this entry have good stop loss zone, so it could be a safer place to enter than any others.
For mid-term perspective, there is quite good chances to reach 600 or even 1000 per Ethereum, which means solid profits for holders and miners.
If you have questions, ask them in a comments
Bitcoin Daily Outlook, correction levelsBitcoin price in good shape, making higher highs all 2020 since March lows.
So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections.
Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover).
The Moving Averages confirms idea for correction move.
On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long.
DYOR, and do not forget to share your vision.
BR,
Artem Shevelev
Bitcoin 1h Analytics : Bearish ButterflyHey! Price of Bitcoin provided a new Sell signal: Bearish Butterfly Harmonic Pattern.
This is quite common pattern on the markets, and it appeared earlier this year in August.
Technically determined Take Profit (TP) zone located in 0.382-0.618 Fibonacci retracement area of CD.
SL above point D with a safe distance, as the price of Bitcoin loves to make long extensions.
Rarely this pattern ending with bigger drawdown, to about 0.236-0.0 zone or lower. But this is very uncommon for Bitcoin, so chances are considered low.
On the chart you can notice another Technical pattern — Rising Wedge. It's location in right wing and follow general idea of sell signal.
On indicators like MACD and RSI we can find Bearish Divergence, which indicates sell signal.
Even thought all facts on the top, there is a chances for Stop Loss triggering, so be careful and use affordable risk position.
Stay tuned and have a great weekend!
BR,
Artem Shevelev
Bitcoin 1h Outlook for November 11 (BTC at $15400)Hello! Here is the Bitcoin forecast for Nov 11, brought to you by Artem Shevelev.
For current price action here is what we can see — well shaped triangle and its near resistance to breakout.
Common Case for such triangles — trend continuation, so there is higher chances for prices coming up.
But history remembers some cases, where prices went against trend and this happens in 20-33% / time.
So which direction you should trade — choose by breakout and your personal research.
Thanks for your attention, place like if you want it.
Stay in touch, this is Artem Crypto
Bitcoin Complex Trading Zone. Hourly chart TA prior US ElectionsHey! Bitcoin price action gets more complex. In fact price forming Wedge, and now price bouncing of range 13900-13500. Now let's focus on two important places to open a trades:
13400 - breakdown from this level wil signalize of next possible down move, to 12800 at least (wedge trading strategy), which is good support for next period.
14100 - breakout up from this level will mean prices approaching higher levels, and will go to 15000+ zone.
Meanwhile US elections having very close race and only few states left to show who gon win. Remember, no matter who gon win, prices of the market will have it's own way in long-term perspective. Stay tuned.
Have a great day !
BTC / USD Hourly Analysis Before US ElectionsPrice of Bitcoin just made a pullback from 13200. This price was reached after Bearish Crab pattern printed. We can expect small rise inside 13700-13300 range before another pullback towards 12800ish prices.
How US elections will influence on the price? Well IMHO, price will follow it's own direction after all, but short-term price fluctuations is possible.
Bitcoin Expanding Wedge Prior Breakout to $20000Hello, here is the Bitcoin price action plan. Today Bitcoin reached new daily high at 14165, Tail of this wick could take a lot of liquidations and stop losses.
On the chart I visually represented 3 Trading Ranges inside Expanding wedge.
☞ Inside trading range price printed resistance with a-b-c-d points, where point c is higher than others.
☞ Support built by i-ii-iii points, usually point i is lower than others.
☞ Next thing you may notice is Resistance line, it have 1234 touches before bullish breakout.
So for now I will expect to buy near additional entry at 13000 zone and lower near 12500.
Good luck!
Share and like are appreciated !