Get started

Bitcoin-trading

Elliott wave in 1day chart. Is this time to exit?Kindly follow for daily new ideas.💡 feel free to contact in Personal if you have any doubts. I’ll always help for free. :) . Impulsive Elliott wave in 1day chart of Bitcoin/USDT . If you’re long term hodler, You do not need to worry because on weekly chart it is still on 1st wave. (yes, this is good news ;) ) This is a simple yet advanced level technical analysis for BTC . As i said stop loss at 6500 is more safer than 6800. Can you guess the reason? i’ll write in comments.
by Harshgp
1
Empirical Fractal Recognition For Bitcoin, Will It Happen Again?Hello, Traders Investors And Community. Welcome to this analysis about bitcoins current fractal structure in the middle-to-long-term. I made already an analysis regarding this subject so I recommend that you go to my account and see it to have a full-depth overview. The corona fears seem to shut down now as many countries loosening the lockdown-measures which is a good sign for the economy at all and that is why we see the markets, especially the stock-markets, moving some-way up but that can change rapidly when we get a second wave of the pandemic it is possible that the restriction comes back again when the infections do not slow down, therefore when this scenario plays out we can get a second corona-fear on the markets causing it to fall. This scenario should definitely be kept in mind and not ignored because it was the corona-fear which caused a heavy downturn in many markets. Although bitcoin could possibly be an anticyclical-investment in the current recession it can also be affected by the rapidly incoming FUD as we saw it in the past. Please read all! As you can see in my chart marked with the blue trend-lines bitcoin is currently trading in a huge falling downtrend-channel which confirmed several times. We can divide the structure into the lower boundary, the middle-line (50% of the channel), and the upper-boundary. Also, it is an important fractal structure which confirmed already in the past, you can see it marked with the A1, A2, B1, and B2 text in the chart. The As are actually the accumulation-periods in the structure where institutions buying to hedge and sell on higher prices. The Bs are the distribution-phases of the downtrend-channel, currently, as you can see bitcoin confirmed a second time on the middle line of the channel which I also marked in the chart below. The last time we saw bitcoin developing this move it went to the upper boundary of the channel and formed its high at 10516.6 before going down heavily. Currently, we have the same confirmation at the middle line which signals the same fractal in play here. What is also playing a big role in the current structure is the overall market-cycles bitcoin is forming since 24th September 2019, where we already formed two confirmed market-cycles with expanding mark-down phases to the downside, I made an analysis about this mechanism which you can see below. The falling channel and the fractal we see now forming a coherent structure with the expanding cyclical movement we see in bitcoin since September. Also what is identical is the resistance level, the upper boundary of the channel matches with the next possible distribution and its support in the cyclical market movement. Therefore we have a high probability that the level will confirm as resistance and that we will get a pull-back at least minimum to the 6100 to 6400 range which you can see marked in my chart with the "critical zone". This will be a huge test for bitcoin because the last time we tested it from the upside bitcoin fell heavily to the downside from 7360 to 3910. What we need to keep in mind now is that bitcoin could possibly do not confirm the current fractal-structure. What is shown in the chart here is an empirical approach to the last months and its bearish decline, as these fractals developed there is a bigger possibility given that they continue to develop. The next fractal move must be confirmed as I already mentioned there is a distribution and since the bears need to confirm the distribution as valid we need to see it in the structure. The middle-line currently serves as the status quo of the uptrend when it is broken to the downside again it is very highly likely that bitcoin visits lower levels again otherwise it can still turn around and show other important signals. In this current weak uptrend, we need to keep patient and see how it is developing and also what is coming around with the ongoing corona-pandemic and its possible resulting fears because that can affect the market massively. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. "An investment in knowledge pays the best dividend." FAREWELL Information provided is only educational and should not be used to take action in the markets.
KRAKEN:BTCUSD
by VincePrince
9
Bitcoin Currently Approaching More Than One Resistance-Factor!Hello, Traders Investors And Community and welcome to this update-analysis about bitcoins current price-action, where we are going and which difficulties we are facing on the way, hoepfully everybody of you is doing well in todays market. We saw bitcoin the last days confirming several levels bullish on the short-term-perspective and advancing higher but there still remain several resistance-zones above the price-action which need to be taken out on the middle-to-long-term-perspective for bitcoin to advance further as we are remaining in an overall weak bullish up-trend there are several signs which indicating a reversal when bitcoin does not manages to confirm the further bullishness and stronger continuation. What is exciting right now is that bitcoin is showing highly bullish signs on the short-term while still remaining at resistance and in an weak up-trend. As you can see in my chart and as I already mentioned bitcoin is currently approaching the falling red local trend-line you can see which is touched by bitcoin at the moment and can be broken which would be a good sign otherwise bitcoin can still confirm it as resistance and fall back but right now I see a high probability that we take out the falling red resistance-line. What is also important and playing into this scenario is the fact that bitcoin managed to get over the 650-EMA which confirmed before as resistance. Now as we can see there is still much resistance remaining above the price-action, once it is the 38.2 % Fibonacci-resistance at 7980 and 200-EMA which together forming an overall bearish resistance confluence-zone which you can see marked in my chart with the orange-box. This zone currently serves as the high-respected resistance-area and we will highly likely confirm it as those, when this does not happen bitcoin will have a hard time to come above the resistance. On the other side, what is also playing a good fact into the bullish scenario is that the MACD still remains bullish as you can see it confirmed two times, one at the bottom and the next actual trend-confirmation the second time where the faster moving line remained above the slover. Think of the momentum and the volatility in the confluence-zone as confirmation for actual bullishness or bearishness, the faster we are taking out the resistance the more bullish bitcoin will remain and on the other side the slower we approach above the resistance or fall back below the more bearish bitcoin is actually. This is an important factor at the moment and it will determine bitcoins further outcome that we can know how bitcoin is remaining in its overall trend-structure. When we confirm above the resistance that will be a good bullish sign for bitcoin and I see a continuation incoming potentially to the 9350 resistance when the remaining probabitlity of this scenario confirmed properly. The current situation is a situation for bitcoin where it has to decide if it can proof its underlying bullishness for further continuation or confirm the resistance-levels and fall back to its bearishness seen before. It will be exciting to see how bitcoin approaches in the current bearish confluence-zone and therefore determining the next outcome. Friends this should always be the approach of wise traders to wait for confirmation and then trade it properly otherwise stay out of the market and watch for possible setups to trade, we cant trade what we think we have to remain calm with a reasoning head and trade what we see to have the best possible outcomes at the end of the day. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. "Science is organized knowledge. Wisdom is organized life." FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
33
Seeking a clue for breakout and direction, Bitcoin chart!Hello! Friends, I came with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Till trend is up in other timeframe so, 10% higher chance to move up the side. seeking a clue for the time of breakout and direction. The consolidation will continue until we didn't get test of money makers. Don't take any position: See k first to understand, then to be understood. -------------------------------------------------------------------------- "" Intraday(30min charts) CHART "" -------------------------------------------------------------------------- Presently Bitcoin price is following parallel channel on 30 minutes timeframe chart: Target was achieved. -------------------------------------------------------------------------- "" DAILY CHART "" -------------------------------------------------------------------------- PART (i): Wave Theory This is the only chart which is looking for a downward move. ..! PART (ii): We have seen upbreak as expected. -------------------------------------------------------------------------- "" WEEKLY CHART "" -------------------------------------------------------------------------- PART (i): Till not found any -ve sign on weekly chart of patterns: Relation of Cong estion vs. Volume exa mination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout, we are seeing a single directional move. If we are at the CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases. PART (ii): Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) Bitcoin is trading in Up-Wave .
GEMINI:BTCUSD
by Trade-Technique
314
BTC is in the accumulate ZONE? Not yet...In the time of writing, BTC is trading at $7,230 with $32.46B volume and a $132,612 B market cap. after we traded under 7K USD last week. The traders who bought in the deeps $4000 (13 Mars Last month). are probably now leveraged their positions by 2X their cash holdings. Now... while it just looks like Financial markets are about to recover together with the Dow Jones that was just finished highest grossing performance last in more than 80 years Keep in mind that our last month was a good ''test'' to check the concept of Bitcoin decoupling with various times where the stocks markets earlier this month, closing at a loss even while Bitcoin rebounded over $6,000. This is a good sign. It increases the fact that BTC does not depend on other financial markets. Which in this economic situation is not that stable. So many people consider BTC as a ''safe heaven.'' - Whaleagents Telegram channel My next trading moves ; If we will cross the 7300 in the next 24 hours - I will check for a long entry. If we will go down to 7100 - I will check for a short entry. If you find this information useful, feel free to smash the like button below.
BITMEX:XBT
by WhaleAgents
BITCOIN | Bullish Breakouts!Hi, The price of Bitcoin has made a short-term "Double Bottom" inside a bullish chart pattern called "Bull Flag". At the moment we got a breakout both of them, the last 1-hour candle made a break and close above the "Bull Flag", the "Double Bottom" is also valid because the last bullish 4-hour candle made a pretty decent climb and the last 1-hour candle made a close above the Double Bottom neckline. This orange line has been quite a strong resistance level, which is also a round number of $7,000 - this is also cracked! Hopefully, it is not a fake-out and to get better entries, wait for a throwback to $6,800 - $7,000 and the criteria are: 1) Break and close above the "Bull Flag", if you struggle with confirmations then wait for a 4H candle close to get more secure breakout confirmation. 2) Double bottom formation around $6,500, the neckline is broken and the pattern is valid! 3) Break above the round number of $7,000. 4) Break above the strong resistance levels which are around 7k. 5) As said, if we get a current 4H candle close also above the mentioned levels then it will be more secure and after that, the current 4H candle close above those criteria gives us also a close above EMA's 50, 100 and 200! * The major target should be around $8,000. A pretty decent pump from the bulls, a lot of levels have broken and to get more secure confirmation, wait for a 4H candle close! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
18
BITCOIN | Buying Area Guides It To The Selling Area!Hi, The price of Bitcoin has moved sideways almost two weeks. In the last week I "revealed" a pretty good selling area, which is still active but firstly the price has to reach there. Luckily, I have managed to saw a pretty good entry opportunity to another wave upwards which can drag the price to the pointed box. Now, this box act as a profit-taking area and if we get and saw a decent bearish price action then this area will also be a selling area. At the moment, the price has made a pretty strong statement to upwards, depends on your risk, and after you have done your own research which is supporting my viewpoints, then you can enter between $6,450-$6,650. If it supports your bias, do not forget to hit the "LIKE" ;) Good luck, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
14
Bitcoin Is Hanging Around There, This Is The Proper Scenario!Hello Traders Investors And Community, welcome to this update analysis about bitcoins recent price-movement, as I already mentioned in past analysis BITCOIN confirmed bullish on the locally time-frame, in my charts about this movement you can watch these confirmations documented, this is why technical analysis is a working science which can be applied successfully on the markets when done right. What do we have now? We have an overall bullish shape on the short-term perspective although BITCOIN is consolidating, we can expect a breakout in the next time, now that does not mean we are completely bullish on the long-term as I already said but there are some good signs that we will have a bullish continuation as bitcoin had some good confirmations. If you didn't see these ideas of mine I highly recommend to you that you go to my account and check these ideas out, then you have a full perspective on the current situation. It is always wise to look at the short as well as the middle and long-term-perspective to have a good encounter on where the markets are heading, the big importance in this structure is the overall resistance above us, that I why we see BITCOIN continually consolidating although we have a bullish shape. This is a simple logic because sellers selling on recent buy-prices to get out of the market with no loss, therefore we have a consolidation phase before moving in the next direction. In my chart you can see that bitcoin has confirmed bearish as the EMA-signal provided it, when you look at this signal it can be applied on paster trend reversals also, working pretty well, now we are still hanging in this EMA structure but we confirmed the 20 and 25 EMA which is a good sign at all, after this current consolidation we can expect bitcoin to confirm more than only the 20 and 25 EMA, but what will happen when we break down in the structure? When we break down in the structure we can expect that bitcoin is finding support in the support zone which you see in my chart marked with the orange box, this support zone is between 5550 and 5940, also it matches with the 50 % and 61.8 % retracement of the Fibonacci-retracement of the current wave-structure. When bitcoin enters this important structure we can expect that it will firstly confirm it as support after that we have to watch out for more signs which can be applied to the chart and if bitcoins cultivates to reverse in this position. So now here we go with the current bitcoin situation, I see many people calling that we are in a bull-market or bear-market, that is not a technical analysis at all, stocks and indices are in a confirmed bull-market yes but that does not mean the cryptocurrency-market is in a confirmed bear-market as well, we need to elevate our selves above the mere speculative aspect and watch the markets with the best determination to get the best results. Therefore as I already mentioned we are still in the consolidation, we cant define the current price movement as 100% bearish or bullish and that we will see bitcoin taking another leg of 90 % to the downside the next week, both scenarios are unimaginable therefore we need to cultivate ourself above the talking of so many people spreading unbelievable rumors and take opportunities when they arise with the proper smart management that is necessary for the markets. Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
15
BITCOIN | Selling Area!Hi, Since the collapse, the price of Bitcoin has been on stable growth. Actually, pretty surprisingly, the price movements have stayed quite calm, with steady growth and with a few waves, classical - until to another shake off. :) Without a small-talk let's jump straight to the action. At the moment, looks like the price has taken a plan to reach $8,000. The road to there can be pretty bumpy but my high-probability trading setup is waiting for me around $8k. About the obstacles, the current price level (7k) is a pretty strong resistance level. A couple of days ago the price got a rejection from 7k and now it tries to break it again. If you look a bit left then there is a pretty heavy support level from the end of the last year which now acts as a resistance. Secondly, EMAs from the Weekly timeframe and EMAs from the 4-hour timeframe should also make this a bit harder to climb to my pointed price zone BUT they don't interest me. I'm interested in the red box! I'm interested to make short-term "sell" from the red box. The selling area stays between $7750 - 8,250 and the red box criteria area: 1) Long-term Fibonacci retracement level 38%, pulled from last year high to this year low. 2) Fibonacci retracement level 62%, pulled from this year high to this year low. 3) Waves of AB=CD 4) Channel projection should act as a resistance 5) The round number itself $8,000. In previous trades, this 8k has been pretty lucky number ;) 6) Daily EMAs 50, 100, 200 should all act as resistance levels 7) Weekly EMA50 8) The gray area, a new feature on my criteria lists ;) 9) Fibonacci Extension 10) As always, wait for a bearish price action inside the red box. Let the price action guides you into the trade! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
30
BTCUSD - Here We Have A Classical Broadening Wedge____________________________________________________________________________________________________________________________________________ Hello My Traders, this is a real-life example on a classical ascending broadening wedge in the BTCUSD. I highly recommend to you my educational information I uploaded about broadening wedges to have a good conclusion about this one: There I gave an insight into how to trade broadening wedges properly, this one is a good type of those I explained. Now we can see that it is still consolidating but I expect a break-out in the next time. This formation can be traded aggressively with immediate entry and moderate with entry after confirmation. Both cases are in this condition good to trade for a profit with proper risk management! Although the aggressive approach is possible here because risk is low. ____________________________________________________________________________________________________________________________________________ In this manner: “Everything must be made as simple as possible. But not simpler.” Thanks, For Watching! Check Also My Long-Term-View On BTCUSD And Other Significant Pairs! Information provided is only educational and should not used to be for market purposes. ____________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
23
Good News, Bitcoin will Go Up soon! _______________________________________________________________________________________________________ Hello Traders investors and community, this is a signal I post here for free. Why pay for it when you can get it free? For more signals and market insight support with a like and follow ;) _______________________________________________________________________________________________________ Entry: 5630 - 5700 USD Target: 7625 Structure: Uptrend Pattern: Head and Shoulder _______________________________________________________________________________________________________ Thanks me later! _______________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
21
We can Expect Up-Moves but Bitcoin will Trade into Resistance.____________________________________________________________________________________________________________________________ Hello traders, investors and community. Today I share with you some important details and insights I found out analyzing the bitcoin chart. We are looking at the 4-hour chart. Let's go! ____________________________________________________________________________________________________________________________ As we can see bitcoin made a bad bearish move downward the last days with high momentum and significant volume, as for now we see bitcoin stabilizing at the 7600 to 8100 range. The next days I am expecting some up-ward movement as the MACD made a bullish crossover and we see some good bullish momentum. But be aware! There is also this huge downward channel which shouldn't be ignored! And the momentum with which bitcoin made the downward moves is signaling also a possible continuation of the downtrend! We have to watch out for more bullish or bearish signs coming after the small up moves which I am expecting pretty surely. A possible LONG opportunity is given when bitcoin confirms the range between 7600 to 8100 a second time as support, on the bearish side there should be kept an eye on the possible bear-flag forming in the channel! ____________________________________________________________________________________________________________________________ Thanks for watching! Feel free to support my idea with a like and follow for more market insight! Have a nice day my friends. All the best ;) ____________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
6
Here is why Bitcoin will Confirm the Bull-Flag a Second Time! __________________________________________________________________________________________________________________________________________________________________ Hello dear friends and cryptocurrency enthusiasts, today I am looking at the daily bitcoin chart. This analysis will be my logical follow up to past observations. As I already published Ideas on the subject according to bitcoins price movement in the bull-flag and the break-out with confirmation of the bull-flag, which already happened. If you want to have a full overview according to the recent formation and price movement I strongly recommend that you check out the charts already published. __________________________________________________________________________________________________________________________________________________________________ This analysis is the logical follow up to the charts you can watch below: Where I called the real or fake bull-flag: Where I called the bull-flag confirmation and the higher high which developed: __________________________________________________________________________________________________________________________________________________________________ So now we can jump to the formation building up in recent days, as you can see in my chart bitcoin formed a higher high at 10470, exactly the are where I predicted the higher high in the recent analysis, now as expected we get some down movement which is quite strong but as you can see in my charts we have a healthy support are at the bull-flag upper line. The upper line of the bull-flag channel is not the only support we are facing in the structure, we have also good support at the 78.6 % fibonacci ratio and the support level of the recent up-trend. You can see it here: Support/Resistance: __________________________________________________________________________________________________________________________________________________________________ As bitcoin has great support in the are between 7300 and 7600 I see a high probability that we confirm this are as support in the futrue. After the confirmation we can expect some up- moves to higher levels. I will look for a good and decent LONG entry in the support area, for now a SHORT trade on the shorter time frame is possible but it would be wise until the bulls provided a decent pull-back. Now it is waiting time, I see a high probability that bitcoin confirms minimum a second time, as described in my chart, the big bullish bull-flag which theoretically already confirmed. __________________________________________________________________________________________________________________________________________________________________ Thank you my friends and crpyto currency enthusiasts! If you found this analysis profitfull feel free to subscribe my channel and give a like for more market insight! “In order to succeed, you first have to be willing to experience striving.” I stand for this quote in the name of my analysis! It is friday so have a nice weekend my friends! ;) __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
15
A full and quick view of the panorama for BitcoinGood morning, I hope everyone is well. Taking a look at bitcoin in the daily chart , we can observe a clear ascending channel , through which bitcoin has been dancing between supports and resistances. The much respected golden cross is happening on the daily chart , which boosted us to 10,300 with a strong pullback at 9,280, an area reflected in the chart as a good medium and long-term shopping area for swing traders, taking as stop loss or invalidation point 9,070. With the advantage of having the 200MA just around 9,400 in the 4-hour chart. In addition, in the 1-hour chart, for scalp lovers, we could suggest a ticket between 9,600 / 9,550 with a small stop loss, to try to take a good position in the short term. ** An important point to take into account is that we are below the .382 level of fibonacci in the daily chart (Taking the lowest point of 2018 and the highest price of 2019) which could be used for a perfect setup for bearish operations. Using 9,840 as an invalidation point and aiming at 9,200 and 8,500. Only if we manage to sustain the price above 9,800, can we consider the objectives of 11,400 and 12,500. At the fundamental level, we must keep an eye on pre- and after-halving behavior.
BITMEX:BTCUSD.PLong
by Altsignals