Bitcoin (BTCUSD) near term high likely inA series of Fibonacci extensions show a cluster of key 161.8% and 61.8% levels all converging around the 54k to 55k value area. Consider that the Gann Death cycle of 49 bars is right where the next weekly candle opens as well as this time period being an anniversary period of important highs and lows found for Bitcoin, we should anticipate a likely top here for Bitcoin with a likely retracement to the 28k value area over the next 45-90 days.
Bitcion
Whats NEXT For Bitcoin Now That AMAZON Has Denied Crypto ReportsMartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
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BITCOIN WILL BREAK AND GOES DOWN IN 24 HOURSwe can see the power of bearish on 4h canndel . easily will go down on 24k support . it will be that sharp that maybe we can see 18k price.
not a good time for holders and good news for sellers
HOT - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOT is sitting around a strong weekly demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: HOT is forming a channel in blue but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HOT would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC heading below 30kCould we see this pattern forming for BTC?
Larger Bullish Butterfly pattern forming over the past 14 days.
Completion of the pattern would take us to 1.272 (29k) or 1.618 (26k) Fib Levels. We may still go sideways for a bit before it reaches bottom.
Looking at the RSI it also broke bearish and slope is down.
Selling pressure is high. Again a break below 30k would probably set off a cascade of sell offs, so 26k isn't out of the realm of possibility. Would also align with the break out predicted by the bear pennant.
I expect at least some rally to follow. Still a strong down trend so go long at your own risk.
Let me know what you think.
BTC hoping to find support at 34k.Depending on how you draw your trend lines it appears as if BTC either broke back within this pennant or has broken below the pennant. To me it looks like it broke down.
RSI is dropping and volumes are dropping.
BTC has found support at 34k several times already and will likely find at least temporary support there again.
I expect it to break below this level though and for us to head down and test 30k.
A measured move from here from the top of the pennant to the bottom would have us going down 30% near 25k.
Could get very bloody over the next week. I'm not convinced 25k is the bottom either.
The daily charts look much the same.
Let me know if you agree or share your opinions.
Alt Market Cap Analysis - upcoming opportunitiesHello buddies, how are you?
No need to explain about Alts for what happening over the past couple of days. We had seen huge red candles on the overall market. But most of us did not even imagine that the market will fall that much. So presenting you my thought on the current Alt market cap is what am seeing right now.
- In the chart, you can spot Pitchfork which I drew from the recent top. It was presenting index can be in short term or maybe long term downtrend.
- You can closely look into the pattern, every resistance and support line was working well, price action in this pattern was so much accurate.
For now....
- In the chart, you can see one dotted trendline which was the retest point of the index before moving upward and one red trendline named 'trigger line', yes the index broke this red trendline and the current price action is above this trendline. And what is that means is the price(index) has broken its downward momentum. Technically we may see an index at the green line soon which will be the C point of a pitchfork. If the index followed this pattern as it did in the past then there's a high possibility of relief in the alt market cap. As always we trade on possibilities so make sure you keep in mind every factor of the market and trade accordingly.
BTC Major Resistance!Hello Community!
BTC /USDT is currently attempting to move above the major S/R zone (white line) shown on the chart. We need to close above this line on the 4hr or Daily TF for this bullish momentum to continue. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
BTCUSD - Bitcoin Elliott Wave ForecastHi Folks,
You might be worried about Tesla's move on BTC, this is just a temporary news, no need to panic. I think BTC has completed it's 5th wave ABC correction. All other coins were due for correction and this price action is ensuring that.
I expect BTC should lead the next rally on cryptos for making new highs after stock market specifically Nasdaq touches the bottom of correction, BTC will lead the recovery of Stock Market just like in September 2020.
~Happy Trading.
BTCUSDT analysis in depth Analysis is purely on technical base read before making any comments first
Short Trem:
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done and made correction and didn't break the pick of wave 2
Now BTC have to complete corrective wave ABCD
We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished
We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that
If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000
If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level
Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000)
Kindly drop your comment what is your opinion 🤔
Enjoy they call beffore everyone is bullish on BTC excluding me 😎
Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS
BTC update.... with indicatorsBTC update with a few different indicators to help you:
At the moment of typing this, BTC is back above its 50EMA. BTC needs to CLOSE a Daily Candle above this level and turn it into strong support.
BTC is still in the Bullish Zone of the Ichimoku Cloud.
BTC has managed to close above its Ichimoku Cloud Base Line (Kijun sen) 2 days in a row, it looks like this could be a 3rd day that we close above it.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is inside the price from 30 Periods ago indicating uncertainty but notice however that we have UPWARDS MOMENTUM now indicated by the Lagging Span (Chikou Span) Tip pointing upwards.
If we look at the Chaikin Money Flow (CMF) we can see that BTC is still in the Accumulation Zone with the CMF (Green Line) pointing upwards and is at 0.07. Note that it was at 0.02 2 days ago.
I have added a Schiff Pitchfork (Points A,B,C) and as you can see, BTC is below is Schiff Pitchfork Median Line. BTC found support from its Lower Green Schiff Pitchfork Support Line and is now above the Lower Yellow Schiff Pitchfork Support Line. BTC needs to eventually close a daily candle back above its Schiff Pitchfork Median Line.
I have added a MACD on this chart instead of my usual ADX DI SMA just to break things up and hopefully help you learn something different, especially if your new and don’t know what these indicators are actually indicating.
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still under its Signal Line (Orange Line). Notice however that the Signal Line is starting to curve downwards and the MACD Line is looking like it may start curving upwards. So if you are waiting for a buy signal, then you would wait for the MACD Line to cross back ABOVE the Signal Line. Notice however that the MACD Line is still ABOVE its Base Line which is at 0.0 on the MACD indicator. So what does this mean? It means that while the DISTANCE between a 12 Period EMA & a 26 Period EMA on the Price Chart has shortened, the 12 Period EMA has NOT yet crossed UNDER its 26 Period EMA on the Price Chart…. This is a good thing 👍. So we do need the MACD Line to eventually start curving upwards.
As i said in my previous post, that liquidation wasn’t the end, and BTC is still in a longterm uptrend. If you follow the Ichimoku Cloud System like i do, then you realise it ain’t over until BTC flops around in the various Bearish Zones on the higher timeframes and then fails to cross back up into the Equilibrium & Bullish Zone, which BTC is showing no sign of doing anytime soon.
I hope you have found this post helpful & informative & i wish you good luck with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
RDNBTC (19.04.2021)At the 1M chart, the price broke the downtrend, forming the first upside impulse.
Besides, the trendline was broken on a significantly increased sales volume, indicating that a major player was forming a long position.
On the 1D chart, the price is correcting and is currently trading between 50% and 38.2% Fibonacci levels.
We recommend buying RDNBTC to take profit at 0.000065 / 0.00012 / 0.00018 levels.
BTC. When should we open additional long positions?Hey guys, it was a great week for Bitcoin. We don't have a lot of updates for the BTC now. We hold our long positions and waiting that this or the next week update the current ATH.
When BTC will update the ATH we will open an extra position. This would be one of the last opportunities for you to buy Bitcoin during the current bullish market.
Yes, we are not sure whether there will be more retests or corrections, but we think the end of the bull market is not far off.