Bitcionanalysis
BTCUSD : Accumulation Structure to Complete & bulls resumeUPDATE:
So yesterday all that was projected is still going well, then todays Update on BTC goes like....
for the Continuation to the Upside:
Wait for Break and Candle closing above the resistance levels as labelled on the chart.
then wait for a re-test then the Market structure will create an SOS level according to Wyckoff Accumulation Structure, then after the re-test finishes you can add more Bitcoins on your portfolio, as also this will be completing the Accumulation structure with that as a confirmation that Bitcoin bulls are still in control.
Check out the previous BTC idea published by me read there and you will get it.
PLEASE NOTE:
according to Elliot wave , we have already created out Wave 1 & 2 then now we are on our creation of Wave 3 we'll also need to have wave 4 and 5, so this also indicates that we are still to continue to the upside Technically.
All this Will be valid after the structure breaks the resistance levels.
Best of Luck, Trade Responsibly.
Bitcoins Next Move????? I’m going to tell you!!!Lets look at all the facts of BTC regarding TA.
On the monthly chart– We have had a evening star formation. This is a Reversal pattern.
Weekly chart – We are in a weekly sell range and Btc is making Lower lows and Lower highs. Currently in a down trend.
Daily – We are in daily sell range.
BTC is bearish for the time being. We have liquidity squeezing inside the daily sell range. We also have a lot of liquidity below $30k. I would prefer a price to push down past $30k to fill the weekly Imbalance around $20k, This would leave the weekly gap slip and imbalance above for future price action to target, which will break all time highs. If we push up out from $30-$35K to $45k-$55k, There is a higher probability chance we are going to create a lower high to make a bigger move down to $20-$15k. This will create a longer bear market. If we push down now, this will create a lot of fear in the market, this fill Imbalances and I think we will have stronger push up later in the year. We need a weekly close above $60k to remain bullish. Weekly candle finishes this tomorrow. A move will be coming in the next week,
Fundamentally BTC is going nowhere. If you are long term holder, Keep dollar cost averaging on the way down and hold. If you are short term holder, I would take some profits around the $45k-$55k mark if we push up from this area first.
BTCUSDT analysis in depth Analysis is purely on technical base read before making any comments first
Short Trem:
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done and made correction and didn't break the pick of wave 2
Now BTC have to complete corrective wave ABCD
We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished
We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that
If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000
If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level
Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000)
Kindly drop your comment what is your opinion 🤔
Enjoy they call beffore everyone is bullish on BTC excluding me 😎
Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS
42K. Will be or not. We are waitingNothing has changed since our last BTC review. We are waiting.
The only thing we see is that we have 2 scenarios left.
Nobody knows which of them will choose bitcoin. But we know what we'll do when he decides where to go.
Probably one of the most difficult tasks for a trader is to wait. Imagine what it is like for people in conventional financial markets where everything happens 10 times slower.
For us, the best option would be a 42K retest. I think this is the best bitcoin can do this year.
Based on the chart and according to the network indicators. We are very positive and ready to take Long.
So far, we do not see anything terrible.
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.
BTC/USD TA Update (Monthly Higher Low Is Set)BTC/USD
The monthly candle closed bullish and a pullback from 14k High is now over as the Bitcoin manages to hold EMAs on the monthly time-frame.
Bitcoin is likely to play an equilibrium in the longer period and currently has the chance to retest the previous swing High at 14k.
If you are a longer-term trader/investor, stop loss should be placed under 6k or previous swing Low because if BTC breaks this level.
We could expect the price to come down to 4k - 3k again in the future.
But as long as BTC holds these EMAs on the monthly chances we are on already bull run.
BTC/USD TA Update (Bullish Continuation Pattern?)BTC/USD
After Bitcoin bounces off the 0.5 Fib support it has temporarily topped out at 8200 regions. If Bitcoin can find support around 7900 areas and bounces off again,
It will likely form a symmetrical triangle pattern. If this uptrend from 6800 is stronger than what we think, then this pattern will be a continuation to the upside.
DASH/BTCAs I look at BTC.D it seems to me that Dom is loosing steam and has lost all 200 EMA's on all time frames from H1-W1 except for D1 for some reason BTC.D remains above 200 ema on the daily?? so I can totally see a retest of the daily 200 ema sitting around 66.4% which is a drop of around 2%. Which is starting to look like it could me money flowing into selected alts like $XTZ and $DASH which are down or flat in USD but up in BTC. So I am still in DASH looking for the H4 200 ema to break and the price to up on the Dom dump