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"Bull Run has come to End!", Historic Data of Bitcoin suggests!Hey guys, I'm up with new analysis, a new idea about BTCUSDT. Here you can see a bold red curve which is actually the famous 11-years-resistance line (actually from the time Bitcoin is launched). Past data shows that whenever we touch this resistance, the bear market starts. Here is what I have noticed: "0.618 fib level and bear market targets" In 2011, the price of BTC reached about $34 before dropping to about $2.5 which lies at 0.618 fib retracement level. The principle of this analysis is that for the next bear market, we can calculate the approximate bearish targets using the fib retracement tool, putting 0 fib level at the 0.618 fib level of the previous bull run. Then we will get to know the bearish targets for the bear market i.e again at 0.618 (61.8%) level. I know this is surprising but yes, it has been working since BTC trading has started. Following this principle: In 2013, 61.8% fib level was at around $123 and the price retraced to $155 from $1269 in 2015. In 2017, 61.8% fib level was at around $3091 and the price retraced to about $3100 from about $19000 in 2018. Now in 2021, 61.8% fib level is at around $20357 and the price is expected to be retraced to this level. The current price is $31434. Also, just to remind you that I have also shared an analysis 9 days ago entitled "Bitcoin in Range: Can continue to be more bearish" : In conclusion, I would say that technically it is the start of Bear Market and my bearish price targets are $20357. After the targets are hit, BTC price will continue ranging below 21EMA until the start of the next bull run which historically starts just before Bitcoin Halving and gets sped up after the event of halving. Next Bitcoin Halving is expected around February 2024. The good thing is: As Bitcoin will continue ranging with Bitcoin Dominance low, Alts will pump hard but to make this happen, we need to eradicate or maybe lessen the fear in the market. Muneeb #SyedMuneebAli
INDEX:BTCUSD
by syedmuneebali
5
Bitcoin Cash, Developed Descending-Channel, Potential Breakout!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash has moved into an interesting constellation as it developed this main descending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed. Now Bitcoin Cash is moving forward with the protracted wave E that will complete the whole wave-count and when Bitcoin Cash manages to bounce within the confirmational-bounce-cluster marked in blue this can be the possible origin for a channel-breakout to the upside, therefore it is highly necessary that Bitcoin Cash rightly manages to bounce and show up with further bullishness to the upside, otherwise when falling below the lower boundary the bullish scenario can also invalidate, it will be an important development ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
4
BitCoin crypto forecast 2021BitCoin cryptocurrency has not pulled back to the strong imbalance shared with you a few months ago. Everyone is talking about Bitcoin, even my 87 years old mother asked me the other day what BitCoin was because she was hearing about it on the news all the time. If such an old person, unrelated to the crypto world, is suddenly interested in knowing what BitCoin is, we’ve got a problem. It’s telling us NOT to buy BitCoin or any crypto currency long-term. What I just said is far from being a technical analysis, even less a fundamental analysis on BitCoin. However, this thinking process is so simple that nobody stops to think about the consequences of such a statement. When someone unrelated and unexposed to the financial market, with no interest at all in cryptocurrencies or BitCoin, asks about it… Do not buy! It’s a very simple rule 🙂 Let’s talk about BitCoin technical analysis and prediction for 2021. Pools of supply and demand imbalances are created in all BitCoin timeframes, you must know what these imbalances look like and what they mean before you decide to take a trade on BitCoin. Find below a long term analysis of BitCoin cryptocurrency using the monthly timeframe. Buying this crypto is not a good idea, we are waiting for a much bigger correction on the monthly timeframe this year 202. Intraday and shorter-term crypto traders could think of shorts on the way down to the strong imbalance located around $12.500.
Short
by AlfonsoMoreno
7
BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link: smartbch.org And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th. If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention. Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength. If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.
BITFINEX:BCHNUSDLONGS
by eBlockChain
🚀₿𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 at a crossroads ... 🤷‍♂️●● Mine scenario ● BCHUSD (COINBASE):🕐1D "Fig.1" The rise from the orthodox bottom of the triangle ④ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) , supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom ④ , the level "invalid" .. ● BCHUSD (COINBASE):🕐4h "Fig.2" "Fig.3" Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count? From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020 , we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count. ●● Alternative scenario ● BCHUSD (COINBASE):🕐1D "Fig.4" The global alternative wave-count suggests a large triangle in the primary wave ④ , within which a three-wave advance of the sub-wave (C) is expected. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
COINBASE:BCHUSD
by TradeWaves-EWA
Bitcoin Cash, Potential Flag-Formation, How It Completes!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash bounced with this initial bullish move to the upside where it now firstly pulled back however these pullbacks were not that strong and Bitcoin Cash managed to hold the structure in which it now established this descending-channel-formation with the coherent wave-count within and the waves A to C almost already completed. When Bitcoin Cash now moves on to stabilize further in the structure this can lead to a sufficient breakout above the upper boundary and when this happens it will be the setup for further continuation and completion of the channel-formation as a bull flag. For now, it is important to elevate how Bitcoin Cash moves on with the potential breakout, it will be an interesting journey ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
5
Bitcoin Cash (BCH) - June 2Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSD 1W Chart) (1D chart) You should watch for any movement out of section 625.76-785.84. If it goes down, we should see if we can move up along the uptrend line. If it falls from the 625.76 point, a Stop Loss is required to preserve profit and loss. If it finds support by moving towards the 785.84-865.88 section, I would expect a reversal of the uptrend line. ------------------------------------- (BCHBTC 1W chart) (1D chart) It remains to be seen if it can move above the 0.018878 point to find support. If it goes down, you should check to see if it finds support at the 0.016063 point. To convert into an uptrend, it needs to rise above the 0.019459 point and find support. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto
BCH, With A Potential Finalization Of H-S-Formation Upcoming!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 45-minute timeframe perspectives. As Bitcoin Cash recently bounced in the structure and is somewhat holding the range I discovered a very interesting formation developing which is actually an inverse head-and-shoulder-formation with the left shoulder and the head already completed and now Bitcoin Cash is about to form the left shoulder in the structure, therefore, when Bitcoin Cash manages to bounce within the 100-EMA in red and the ascending-support in dashed-grey lying also in this structure this can be the sufficient origin of a breakout above the neckline which will complete the formation bullishly to the upside and will activate further continuations with the testing of resistances upper in the structure. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
4
BCHUSD - TECHNICAL OVERVIEW FOR DAILY & WEEKLY TIMEFRAMEWelcome! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move! ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments. Mohamed Khalid Rafi , Senior Financial Analyst, Profitlio Trading.
KRAKEN:BCHUSDLong
by Profitlio_Trading
Bitcoin 2018 -> What happening here? We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet, Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation) We again got same patterns like before and now in 2018 market. Big crash big buys and got huge volatility because creating new cycle. Also starting again start same fuds like 530M worth hack of largest Japan exchange like (2013) But biggest problem we got same channel.
BNC:BLX
by Jullkio
Bitcoin 2013 vs ->Okay guys let's talk about Bitcoin in 2013 everyone said its can be same like now and what we seeing? We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet,Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation)
BNC:BLX
by Jullkio
🆓Bitcoin Cash (BCH) May-19 #BCH $BCHWe can start accumulating BCH at 2 zones : 800$ and 900$ zone. BCH can generate new rally up to 1300$, 1700$ and even 2000$ in June 📈BUY -Buy: 900-940$. SL if B -Buy: 1270-1330$ if A. SL if B 📉SELL -Sell: 1270-1330$. SL if A -Sell: 1660-1740$. SL if A -Sell: 1950-2050$. SL if A ♻️BACK-UP -Sell: 900-940$ if B. SL if A -Buy: 780-820$. SL if B -Buy: 680-720$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation