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$BTCUSD - My $110K visionHi guys! 👋🏻 🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible. 🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop. 🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin. 🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well. 🔔 The importance of EMA50 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSD - One last correctionHi guys! 👋🏻 🔔 #Bitcoin was rejected by a very strong resistance. So, fair enough, I believe we should go down to $36430 to test the resistance as support, to touch the EMA50 as support and swing high to $44-$50K 🔔 100MA as resistance, RSI overbought, MACD line on a green histogram and looking downwards, so one last correction pls! ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDShort
by azizelliott
6
$BTCUSD - Elliott Wave analysis and important updatesHi guys! 👋🏻 🔔 There were large announcements made recently by Goldman Sachs, whereas the banking giant will be launching the cryptocurrency trading desk as a part of the company’s Global Market Segment. Goldman Sachs will launch Bitcoin futures trading later this month. 🔔 PayPal, which is expanding its crypto offerings in the UK, is assumed to purchase the crypto-custody firm Curv. CashApp owner Square Financial launches banking operations. 🔔 Bitcoin Purpose ETF surges for the 10th day in a row validating interest from institutional investors and as the crypto adoption surges among the financial organizations, so will the price of Bitcoin. 🔔 As per the technical analysis, it seems that Bitcoin has completed the formation of wave 4 and is forming wave 5 according to the Elliott Wave theory. 🔔 As seen on a 4 Hour chart of BTC/USD, Bitcoin is supported by MA200, closed above MA100 and EMA50 and continues the uptrend. There is a resistance at $51130 - $51140 levels, if Bitcoin closes above these levels, it will jump towards the ATH at $58000 and further. 🔔 The pair has formed an ascending parallel channel as seen in the daily Bitcoin chart below. 🔔 As the levels of the parallel channel suggest, the next resistance could be at $62400 and $70890 if the strong impulse remains. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSD - Three golden rules so farHi guys! 👋🏻 🔔 Made this chart on Monday and didn't post it here though as had to leave. s3.tradingview.com 🔔 What is going to happen to BTC right now in my opinion is Bitcoin will make choppy moves upwards. Consolidate 🔔 What are three Golden rules? When it's overbought - goes down, when MACD line is over the histogram will go down, every Monday-Tuesday it goes down no matter what. Every Saturday there are ups and downs, every Sunday it's going up, when the week starts it just drops. 🔔 If breaks below this dynamic support, the next up is the strong static support at $31000 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSD - Symmetrical triangle, ABCDE validationHi guys! 👋🏻 🔔 There is a symmetrical triangle is formed on a 4-hour BTCUD chart. 🔔 Although it might look like that the uptrend is expected and there is a clear ABCDE correction pattern, I'l like to point out on a very important detail here, D didn't touch upper edge of the triangle. 🔔 In a strongly bullish formations like this, usually D touches and penetrates the upper edge of the triangle and E never touches the lower edge of the triangle. 🔔 We see a complete opposite here. Hence, I'm guessing that BTC has more chance to reverse from here but to keep to positive and optimistic sentiment, let's wait for it to escape from the triangle and the static resistance at $35300 🔔 I'm also relying on this support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSDT - Strong supportHi guys! 👋🏻 🔔 Oversold in RSI, in my opinion, has reached a minimum, the channel was broken, as it usually happens, rather to absorb stops, in general I expect a retest of the upper border of the channel at 34600 🔔 Important resistance levels are also located at 33900 and 32000. We are also watching support at 31000, which Bitcoin will test shortly. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
8
BTC Looking For A Recovery??!We've have been seeing a healthy correction over the past 2 weeks and i think we could see BTC start to recover a little bit soon. We have been riding the bottom bollinger band for the last 5 days or so and we could see a break of that after our daily close tonight! Looking for a break and hold of the 0.3 FIB level or aprx. 50.8K$. The Zero Lag MACD is showing a possible reverse with us getting a buy signal aswell as a strong reversal of the red MA. Our blue and orange look like they are about to swap and turn bullish! It is possible we get rejected at the 0.3 FIB and we very well could see a stronger pullbck i would say at the most bringing us to low 40s to 45k. We are still seeing money flowing out looking at the Chaiken Money Flow, we are starting to come back up hoping to see a nice curved bottom and some money flowing into BTC and the market. Not financial advice just my opinion! rarible.com check out my first NFT! leave some feedback and there is more in the makes right now!
BITSTAMP:BTCUSD
by JacobR905
CRUCIAL BTC DAILY CLOSEWe've been seeing BTC pulling the market down and we are approaching the aprx 50K level or the 0.3 FIB Level and coming up to our daily close at 8pm. BTC needs to hold this level for our daily close or theres a good possibility that we see a full shakeout to 40-45K USD. Do not panic and dump your bags because they will be bought back up in the blink of an eye instead think about if you want to take advantage of these lower prices! A Critical indicator i am watching is the bollinger bands, looking at the bottom band we see our candles are starting to really ride it and this in most cases is a bearish sign. It would be ideal for BTC to have a nice bounce and recover off the 50K level just in time for daily close. Looking at the Chaiken Money Flow we see money flowing out of BTC at a rapid pace, remember be greedy when the market is fearful! Not financial advice just my opinion! rarible.com Check out my first NFT! more coming in the future!
BITSTAMP:BTCUSD
by JacobR905
1
Bitcoin $BTCUSDC Target PTs 76,245-93,237WHY BITCOIN IS THE ONLY CRYPTOCURRENCY YOU NEED Several characteristics reinforce Bitcoin’s dominance and superiority over all other cryptocurrencies. In contrast to the thousands of different cryptocurrencies that have emerged since the 2017 Initial Coin Offering boom, Bitcoin remains the best choice for any investor looking to enter the space. Why is Bitcoin superior to all other cryptocurrencies? To find the answer, one must first examine what makes bitcoin a sound monetary asset. The following are several of its key characteristics. ABSOLUTE SCARCITY There will only ever be 21 million bitcoin in circulation, and that number won’t be reached until 2140. By 2035, 99% of all the bitcoin that will ever exist will have been mined. This fixed supply issuance of 21 million is programmed into Bitcoin, meaning that it can never be changed or altered without consensus among the network’s node operators. Furthermore, no matter how much the demand for bitcoin increases, the supply will always remain the same, and over time, the supply expansion decreases until stopping entirely. This is a key distinction that determines the nature of sound money and Bitcoin’s economic principles. There is an infinite supply of other cryptocurrencies, as other cryptocurrencies’ maintainers can simply create more iterations of coins out of thin air, regardless of current monetary policy. Saifeadean Ammous, the best-selling author of The Bitcoin Standard, provided an excellent explanation of scarcity in relation to money: “A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing hard-earned wealth for sale in exchange for something easy to produce.” COMPLETELY DECENTRALIZED Bitcoin is the only truly decentralized cryptocurrency. No single entity or person runs or operates the Bitcoin protocol. Therefore, the entire Bitcoin ecosystem is completely resistant to any counterparty risk. Politically and socially, this is extremely important to the overall value proposition of Bitcoin’s network because, with no single points of failure, governments and other powerful entities cannot target, coerce, or manipulate any individual or group into regulating or altering key components of the base protocol. Ethereum, for example, has the influence and leadership of Vitalik Buterin and the Ethereum Foundation, so as Ethereum 2.0 and other cryptocurrencies continue to adapt and grow, it will be interesting to see how he and the protocol responds to political pressure and government regulation. PROVEN NETWORK EFFECTS Bitcoin’s network effects cannot be ignored. It has established itself as a legitimate store of value (SoV), growing to over $1 trillion market capitalization in 12 years. No other cryptocurrency has come even close to Bitcoin’s mass adoption and overall market cap. To further emphasize the power of Bitcoin’s network effects, Metcalfe’s Law holds that a network’s value is proportional to the square of the number of users. That is to say, as a network’s number of users grows linearly, its value grows exponentially. Jeff Booth, a visionary leader in the Bitcoin space and author of The Price of Tomorrow, explained that for any new emerging technology to disrupt an existing network of similar significance, it needs to be 10 times better. For the new network to gain mass adoption, it can't just be twice as good—it needs to be orders of magnitude better to create a mass network effect. BITCOIN WINS When looking at the overall crypto ecosystem, it can be easy for beginning investors to get overwhelmed by the thousands of different cryptocurrencies . One might question whether they should go all in on Bitcoin, or incorporate other cryptocurrencies into their portfolio. There are different opinions on other cryptocurrencies, as some believe them to have various possible future use cases. However, from the standpoint of which cryptocurrencies have the characteristics of a SoV asset, there is no comparison to Bitcoin’s economic and technical principles. Bitcoin is and will continue to reign supreme as the top global cryptocurrency as its adoption grows, wealth management firms continue to provide exposure to their high-net-worth individual clients, and more institutions adopt it on their balance sheets. In the race to become the world's largest monetary asset and paradigm-shifting economic network, Bitcoin will win.
Long
by BADQOMOCAWGOWLD
1
Bitcoin $BTCUSD PT 80-90k and way higher laterBitcoin’s price neared its all-time high of $61,712 early Saturday while ether set a new all-time high at $2,190. According to CoinDesk’s Bitcoin price page, the leading cryptocurrency traded above $60,000 for the first time in nearly a month after spending weeks vacillating between $52,000 and the upper $50,000s. Bitcoin pulled back marginally after peaking around $60,900, though it remains above the psychological marker as of press time. Bitcoin last hit an all-time high in mid-March, according to CoinGecko. Bitcoin bulls were further bolstered on Friday by the idea that an exchange-traded fund (ETF) with exposure to the digital asset space might be approved in 2021, after the Securities and Exchange Commission (SEC) confirmed it was reviewing ETF giant WisdomTree’s application.
BINANCE:BTCUSDLong
by BADQOMOCAWGOWLD
Bitcoin Cash $BCHUSD PT 750Bitcoin Cash Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto, the anonymous party that first proposed the blockchain technology behind cryptocurrency. Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency. In August 2017, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. BCH has implemented an increased block size of 8 MB to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it. In 2018, the maximum block size for BCH was increased 4x to 32MB, but actual block sizes on Bitcoin cash have remained only a small fraction of the 32MB limit. Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin. The debate about scalability, transaction processing, and blocks has continued beyond the fork which led to Bitcoin Cash. In November of 2018, for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV. Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds. The debate about the future of bitcoin appears to show no signs of being resolved.
COINBASE:BCHUSDLong
by UnknownUnicorn19246015
4
BTC: The pattern I'm looking forGood day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - After following the ETP-1 XABCD Pattern, This is the pattern that I would be looking out for - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor! and this is not financial advice - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck
by dstvst
BTCUSD: SCARY Similarity From Last Market HighHello all, Going into this week, tensions and uncertainty is high in the USA. This may cause a scare in global markets. After looking more into BTCUSD, I found this similarity from the last BULL cycle. While looking at the charts, we can conclude a Head & Shoulders pattern is evident (red pattern). This pattern looks identical while comparing it to June 2019 to Now. The only difference being the timeframes. On to the MAs. As shown on the MA 100 (yellow line), it provided support for the uptrend in both scenarios. Once that was broken in June 2019, the market fell hard, directly landing on its MA 200. Looking at the MA 50 (blue line), we can see that after it was broken on both charts, the price retreated back to test it, then confirming it as a now a resistance. At the time of writing, BTCUSD is currently experiencing the EXACT SAME rejections. Now on to the RSI (bottom). Shown with red circles, we can see 3 similar tops on both charts. These tops are labeled 1-3. The first top (1), coincides with the top of the left shoulder on both charts. The second top (2), coincides with the top of the head on both charts. The third top (3), coincides with the top of the right shoulder on both charts. After viewing these similarities, It is not of the question to see the drop under 30k not many of us are expecting. This red line has been respected for 4 years. As seen in the past, it took a while to get over it, once that happened it came back and confirmed the breakout and thats when BTC went super parabolic. We are currently experiencing rejection at the Red line $40,000 range. As of now we are experiencing the same rejection on that line that was seen in June 2019 (left chart). This is shorter description as I wanted to get this out quickly as the market was dropping as I was making it. I hope you all enjoy! Please COMMENT & LIKE!
BITSTAMP:BTCUSDShort
by traderview2
49