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Binance Coin W Price Outlook 20 December 20202Binance Coin price action on weekly timeframe I find quite interesting. On chart we have sets of Weekly lows and levels, and Candlestick pattern which appearing here on W timeframe is possible Hammer candlestick, which is well know reversal pattern. Below, on Standard Deviation indicator you can see we have oversold areas with arrows and they often represent actual low of the price. BNBUSD price currently sitting at 34$ high, and this is quite big resistance, and not best point to buy, but next price action will depend on bnbbtc ratio IMHO. If the price of bnbbtc will increase from this reversal signal, I think BNBUSD price can possibly cost over 40$ and even 50$. Well, let's see.
Long
by ArShevelev
2
Magic 0.618 — Bitcoin Bull Trend 2019 vs 2020/21 Hello! Bitcoin price seems stuck at 20k resistance zone. But here is a beautiful thing I have found on the chart. Current price action can be compared to 2019 rally. I showing beautiful fractal, and what important is — the number 0.618. You may find I put Fibonacci retracement on the right screen in 2019 chart. The Fibonacci ruler put between swing high and low (number 1 at support line), and magic is 0.618 point (golden ratio) sets exactly at touch number 3 on resistance line, and the numbers are not random. I think I noticed similar sequence of touches to the trend line Blue and Red, and marked them with numbers. So the same analysis I send to the left screen on 2020/21 chart, and it following same sequence of trend lines touches and I was wondering to put 0.618 Fib ratio from touch 1 at support line, up to 3 touch on resistance, and I get number 22000$. I think it could be possible next swing high. So now we can take our decision to take next trade according to our risk management. Let luck be on our side. Best regards, Artem Shevelev
BITMEX:BTCUSD.PLong
by ArShevelev
5
Bitcoin Price Action Outlook 14 Dec 2020Hey! Looking at the btc price action we can notice several shapes which occuring most of the time during a trend move. I think most important shape here is triangle. This pattern require patience from the players and need to understand it's nature. First of all all triangle shapes it is a consolidation period. During which, market players taking one side or another. This causing price fluctuations to stay in some range bound before the one side will take the advantage. In some cases price goes in flat range, in some cases with expanding or narrowing. But in each case for swing trades it is important to take advantage of this shapes and take right decision for the move. For bitcoin price we can see it sloping in the apex of triangle, but this shape isn't completely finished yet. Seems like it would have go another week or two for sideways near 19600 and 18500 zone (interest zone on the chart). This zone can be used by day traders to get into positions, as well as swing traders to start opening a initial position with slightly higher risk, but this is depends on your strategy. My strategy is quite simple, I am splitting position size to few orders in the potential entry levels. And making same thing for take profits. Using OCO type of order I can set SL and TP both to the orders. Using this technic with affordable risk makes stable income from trading for nearly 2 year for me personally. But what work for me, doesn't have to work for you. This is quite fine matter... You have to find out what suits you better. I hope you enjoying your trading and learning. Best regards, Artem Shevelev
BITFINEX:BTCUSD
by ArShevelev
8
Bitcoin Buy Opportunity OutlookHello! Price of BTC reached this year new ATH and so far trying to break It, it is quite strong resistance and psychological level, so breakout from first attempt would not be logical... From current price action there is possible 2 buy targets (on the chart) according to FIbonacci analysis and Triangle targets. Similar look price had in May 2020 (remember it?) after halving event. chart above using 4h timeframe, and moving averages 25/100 PS this is very simple structure now, but it could be hard to trade for novice traders/investors. Be careful, there will be a lot of bear and bull traps. Best regards, Artem Crypto
Long
by ArShevelev
9
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
BITSTAMP:BTCUSD
by ArShevelev
4
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!
BNC:BLX
by ArShevelev
5
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
BITFINEX:ETHUSD
by ArShevelev
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
BYBIT:BTCUSD.PShort
by ArShevelev
2
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
Short
by ArShevelev
4
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
BITMEX:XBTLong
by ArShevelev
7