Bitcoindollar
BTC- TOUCHES MA50 & DRAWS A LINE OF ITS CHANNEL AT THE SAME TIMEHey,
I was waiting for 2 green candles to trade BITCOIN after it touches the moving average and shows its own channel's lower limit just right there.
So with today's candle close I think that I'll have enough excuses to expect a raise in the price.
hmrtu
BTC - Updated small chartReady for another rally?
The price has exited the wedged, faked a dump and looks ready to me for a new flight.
Let's go Bitcoin now!
BITCOIN - We keep Looking for Buying setupsHi everyone,
Wishing all of you a nice weekend and we hope you are having fun and making the best out of life, wherever you are.
Here is our updated Bitcoin chart. Price is in a LOVELY channel that has helped us predicts support levels and all time high levels...so let's repeat the success again (and again!)
These are some previous ideas here and here and here
May our planet be one of peace and friendship and may the markets bring us closer and make us better. Hopefully richer too.
As the years go by and technology advances we all feel that this is indeed a Small World we live in.
I have been receiving your good words from all corners of the world. I am obliged and I thank you for the love and the good words.
Hope these ideas can be helpful to all of you.
One love,
the FXPROFESSOR
BTC - next BULL RUNFirst of all: Where are we?
For having a better idea about the scale and location of my analysis I added this snapshot of the BTC chart in the daily timeframe:
About the core of my idea:
My analysis is based on the 5h timeframe, in which i spotted the potential BUY chance.
So I spotted this interesting downtrend channel.
We saw a strong 6% bullish move today, so I wouldn't enter right now. Patience is key. So what I am waiting for is something like this:
I am waiting for the price to, once again, touch the lower line of the channel, and then find enough support to take off (maybe for the last time in a while).
How far is the current bullish move probably going?
As I said before, I am expecting it to come back down, and then take off bigger. We might see price bounce off the red bar I marked right here, and then seek support at the lower side of my channel in order to finally break the red zone.
In case all this happens, what is the trade going to look like? What I am expecting from this trade?
The most likely scenario is that we make an approach to the green line, which I named "bouncer".
From there we might actually retrace as low as the 50%, or even 100% level on the downside, just like this:
Of course, it is possible that we even make new all-time-highs and chase the upside 50% and 100%, or even 125% extension target, which I identified with my system. Then, we might see numbers like 69.000, or 85.000 in the future.
------- of course, all that is just speculations. I am very open minded for both ideas, a hard correction, or another bull-run.
What I will focuse on is catching the next bullish wave - regardless of how far it will reach towards the sky - or the moon - or mars.
My trade will approximately look like this:
Depending on where or when we touch that lower line of the channel, I am eyeballing an approximate initial RRR of 10 to 1, using approx. 2% risk (unleveraged). As I will not sell my entire position once we hit the green "bouncer" line, but only a part of it, the RRR will later improve drastically.
ALL THAT IS FAR AWAY IN THE FUTURE AND REQUIRES THE PRICE TO HIT MY LOWER CHANNEL LINE AGAIN. Otherwise - I'm dropping this idea. Never chase a trade and don't be afraid to miss out on the big moves. Be careful out there. Thank you for reading.
PS: Feel free to download this analysis for better understanding or scaling.
BTC bounces hard of supportNice bounce off support here, BTC looks safe from the first major correction
BTC - Ready For A Bullish Momentum? Hi, this is my new update for BTC. In the last 12 days BTC has fallen 18% to find support around $51000 and SMA50 held very well + that we have a good support around RSI45. Now we are battling against the small resistance around $54000. Once we get above it, then we are ready to test the resistance $58000 again. I think in next couple of days we are going to get a bullish momentum, so be prepared and don't PANIC. 100%BULLISH
Bitcoin, 2021 Crash incoming?Hey Traders,
2020 was a crazy year for Bitcoin and Cryptos overall. We have witnessed Bitcoin defying everything and surging %1,200 since March 2020.
Are we currently witnessing end of the Bullrun? Lets do some technical analysis!
1) Looking at volume we are seeing constant decline - this represents exhaustion of buying power.
2) On weekly chart we see that Bitcoin is extremely overbought and it needs urgent correction.
3) On oscillator we are witnessing bearish divergence - this represents trend change (Bearish in this case)
4) Bullish trendline on weekly is being broken, we will see if weekly candle closes below it which will be a very bearish case. (Its broken on all lower timeframes including Daily)
Lets see if this is the end of the Bull Market. I will be monitoring Bitcoin closely from now on.
Stay safe and happy trading!
Bitcoin looks to continue its push higherAnyone who hasn't see Pantera Capital's stock to flow chart for bitcoin, i would really encourage you to have a look at it.
They suggest a bitcoin price of around $115 000 in early August. That's their view or idea based on a stock to flow metric.
So lets consider that in a graph. First off i wouldn't be surprised if Bitcoin were to go slightly lower in the very short-term within the orange channel but i would assume that we are close to the bottom of the latest retracement. This view is supported by the trading signals.
The green line shows the end of the stock to flow projection whilst the white line shows the projected price of around $115 000. How we get to that point is anyone's guess but I'm interested to see how the future plays out on this chart.
For full transparency, the fraction of a bitcoin that i own, i don't trade because its too volatile and if the price is going up over a long period of time, then i don't want to take the risk of trading in and out. The question that I'm asking myself is what do i do in late July? Take profit or exit my position and reinvest if and when it falls or continue to take that long-term view?
That's the biggest question.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
BTCUSD - the bulls are still the strongestthey are trying to steal your Bitcoins, hold on, the trend is still intact, the only bearish sign would be a close below 53K
BTC Bitcoin - USD bearish on 3 timeframesIf you haven`t bought at the time of the Tesla catalyst:
Then you should know that Bitcoin is looking bearish on 6h, 1 day and 3 days timeframes!
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
BTCUSDT - Waiting for the culmination are fractals similar?
I think the bull market is not over yet.
Check out this idea.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bitcoin may complete final leg of bullish BAT patternHi dear patrons, hope you are well and welcome to the new update on Bitcoin .
Previously we had a good BTC buying opportunity:
Now the price action of BTC may complete the final leg of bullish BAT pattern on 12-hour time frame chart. The 50 simple moving average is also moving up to provide support to the priceline of Bitcoin .
This has a profit possibility of 8.5% and the loss possibility is 1.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
Bitcoin GunThought this looked cool
Technically is within a rising wedge pattern, which is bearish
if we see a bearish move down to the green triangle within the gun, that will be the optimal 'buy the dip' location
Bitcoin can reach between $ 660,000 and $ 1.8 millionBitcoin can reach between $ 660,000 and $ 1.8 million, and is likely to have an epic drop. My guess is that the drop will come due to a coordinated global regulatory tightening as the attempt to smother bitcoin .
BTC Going down!Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity BTC .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Bitcoin is likely to rise above $ 60,000 after a small correctioBitcoin seems to have a resistance at 58800, but this resistance is not as strong as its previous resistance. On the other hand, if important moving averages are cutting each other up, if this happens, the probability of climb Bitcoin is not unexpected in the first step above 60 thousand dollars
BITCOIN 1W TIMEFRAMEHello Traders, here is the full analysis for this pair, let me know if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
BTC MIGHT REVERSE COURSE! GEAR UP1Hello Dear Traders!
MACD seems to be running out of blood, and RSI is poised to move a leg-up! MACD beckons a positive cross!
A "W" formation is seemingly on the horizon, and if confirmed, the neckline, on the retest, is the best place to open a long!
Bears have pushed enough, and I think they are running out of steam! If MA50 is reclaimed, a decent wave of bullishness is ahead!
This is a possible scenario which seems likely! Be ready in case it plays out!
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (54580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 57600
TP2= @ 59445
TP3= @ 61760
TP4= @ 65000
TP5= @ 67700
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (54580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 57600
TP2= @ 59445
TP3= @ 61760
TP4= @ 65000
TP5= @ 67700
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BTC short term updateBTC / USDT
In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now
52.5k still our key level of support
price closed below 20ema for first time since 8 march Which suggest another drop to 52k
Here is equal to 0.618 fib level and 50 ema and strong horizontal support
Price may not hit it exactly may be little above (53k) or a little below (51k)
after that Next psychological support is around 50k and hoping we not lost it
For BTC to gain strong bullish momentum again need to close daily above 58k
This is my personal idea and reading chart hope it help you
Good luck best wishes
