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#Bitcoin -Numbers for 2021 #BTCUSD #tradingview #blockchainHere are the important numbers for 2021 and Bitcoin. Important are weekly and monthly closing prices above or below. Currently, my energy indicator shows a very high deflection. This means that a high has been formed or will soon be formed and thus a countermovement is pending. This could already be worked off with the circled blue iv. b]Keep watch is therefore important and always Money and risk management , especially if you yourself start to think, "I'm the king of the trading world", just because you have ridden your first impulse. Good start into the year 2021 wishes you Stefan Bode
BITSTAMP:BTCUSDLong
by StefanBode
7
Bitcoin Correction - BTC/USD predictionBitcoin hit the new all-time high of around $42 000, and at least for now, this level was rejected. Volumes are also lower, and the buyer's appetite seems to be worn-out. I hope this could be a good possibility for buyers who don't want to enter the market at this price. Other altcoins also hit the top, and they are losing. I closed 8/10 of my position at $41 400. I am keeping a small part just for the case of another bull run. If we cross $42K, I will enter the market with a pullback to this support. I am not shorting Bitcoin. I think this is not a good idea. I am heading to a new entry-level to jump in for another ride to the MOON. Here you have Bitcoin entry levels for LONG positions: $36 620 $34 780 $30 650 $28 730
COINBASE:BTCUSDShort
by SMART_MONEY_MARK
Bitcoin NVT signal RED. Retest of MA21 26k? Headed to 95k !Hello everyone, Bitcoin might top around 35400$ for many reasons, 161.8% fib, Weekly RSI over 92, one of them is the Mid Line of the Logarithmic chart which is currently resistance. NVT signals show red and you know what this mean, and Weekly RSI needs to take a deep cold bath, W RSI had never be able to stay so high for more than 6 days. If the Bull market should continue i think a retest on the daily MA 21 around 25900$ would be very healthy. Also at the same time we can take a wick deep down to 21600$... on the MA50.. :-) It will be quick but if your order is ready... you will catch it. You can take a look at this logarithmic chart which is divided by fibs, 95000k would be the top of the channel. Best to you and happy new year 2021 Short term Prevision : -Probable retracement to the daily MA21 : 25900$ -Probable wick to MA50 around 21600$ (0.382 fib)
BNC:BLXShort
by Crypto_Mercy
2
BTC/USD WATCH HERE! 90 MIN TF PAINTS A PICTURE!We have a great spot to watch for price action for trades varying many time frames. We are specifically highlighting the 90 min TF here and some potential thoughts that can drive both the shorter and longer term swings. (disclaimer blah blah- not financial advice, just some thoughts and opinions-always a path to learning and growth- an ADVENTURE! Remember that and tread carefully) LET ME KNOW YOUR THOUGHTS AND COMMENT/SHARE LIKE! ENJOY! Watch the closing of this candle in ~1 hour Break above the green cloud- * Shorter term swing momentum trade could be taken here, but Stoch RSI is showing overbought with blue line on verge of crossing down over red (area to watch) *A break above the Yellow Camarilla level would be safer entry- TP up at the blue dots ~38700 area as noted. *Scalping TP could be at green dots *Tight stop loss due to RSI- watch and zoom out other levels for further confirmations Rejected at cloud *Short term swin short could be entered *TP either the 23.6 FIB levels or bottom of red cloud ~31250 levels as noted BROADER PICTURE FIB LEVELS NOTED WATCH GOLDEN ZONE 61.8 or ~26,666 levels for potential buys on a broader swing correction (IF IT WERE TO OCCUR). This is based on 300 periods WHAT DO YOU THINK? BE SAFE AND ALWAYS USE RISK MGMT!!! TRADE YOUR IDEA AND YOUR TIMEFRAME. ZOOM OUT FOR BROADER CONFIRMATIONS ENJOY- LIFE IS SHORT
COINBASE:BTCUSD
by McToasty
Is this a start of correction rallyHi friends, hope you are well and welcome to the Bitcoin. A big Butterfly move completed: Previously I posted an idea that on the monthly chart, the price action of Bitcoin is completing a bearish Butterfly pattern, and finally, the priceline has completed the final leg of this pattern and entered the potential reversal zone. Now the priceline is even moved above this PRZ level. Even though priceline is spiking beyond the potential reversal zone of Butterfly but it can the same as the previous move of Bitcoin that I shared back in April 2020. When the price action of Bitcoin completed a Gartley pattern and spiked beyond the potential reversal zone. But the price action did not close below the PRZ level on the monthly time period and re-entered in the potential reversal zone and produced a more than 400% rally. A breakout from the rising wedge pattern: On a small time period 4-hour chart, the price action of BTC formed a rising wedge and after breakout it has again entered in this pattern. A head & Shoulder move: On the hourly chart, the price action completed Head and Shoulder pattern and broke down the neckline of this pattern. Bearish divergence: On the 4-hour chart, a 1st bearish divergence has been appeared as from the 2nd to 4th Jan the priceline was making higher highs but the relative strength index was forming lower lows. Finally, the priceline followed the trend of RSI. If such bearish divergences will be appeared on the daily chart as well, then we can expect a start of a correction rally soon. Up-trend line support: On the 4-hour chart, the price action of Bitcoin is in an uptrend, and today’s sell-off even could not break down this uptrend so far. If this uptrend line will be broken down then it can be a second signal for the starting of the correction rally. 1st Support: If a correction rally will be started, then the priceline of Bitcoin can test the exponential moving average 21 on weekly chart, that is at $18700 at the moment. EMAs on the daily chart: If the bearish divergence will be appeared and the uptrend support line on the 4-hour chart will be broken down then finally we should wait for the exponential moving averages with the time period of 10 and 21 to form a bear cross with each other, it can be a final confirmation for the starting of the correction rally. Conclusion: Even though due to sell off, the price action of the leading cryptocurrency has dropped more than 17.5% in a single day, but this sell of cannot even breakdown the uptrend on the small time period chart. Therefore, so far it is not confirmed that the Bitcoin is going to start a rally to the down side.
BITSTAMP:BTCUSDShort
by moon333
5
Bitcoin Is Exhausted | Alt-Season Inbound [D] BITCOIN IS EXHAUSTED or is it? - As we move into 2021, we watch as news outs from Cramer to NELK boys push the conversation toward Bitcoin and other notorious coins as Bitcoin sets new ATHs . Everyone seems to be scrambling for a "price target" from such sources but no one seems to be able to put a finger on it. Bitcoin set a new all-time high at $34778.11, before showing faint signs of clear exhaustion. Bitcoin could very well be forming another wedge forming as we saw in Nov/Dec before it broke, but we MUST consider a key level on the technical side of things (which seems like one of the only sane indications). ( CRYPTOCAP:BTC CRYPTOCAP:TOTAL2 CRYPTOCAP:ETH ) (1) Bitcoins runs could've been anticipated, starting with the break of the clear break of resistance toward the end of July. This first break wouldn't indicate a direct buy as we'd look for that retest as support before confirming a change in trend (regardless of timeframe). (2) Bitcoin was confirmed bullish on the retest of the previous resistance, which confirmed it as support moving forward. Bitcoin was confirmed bullish at the start of October which left us with a few targets in mind... $24,970, $19,798, and beyond with the breakout of $20k. (3) Once Bitcoin made the break of $13,970 it engaged in a series of ladders before starting the parabolic jump the week of Dec 14th. (4) Bitcoin is exhausted... Or is it? Putting a finger on Bitcoin during a move like this is extremely difficult. With that said, I believe I've found a trendline that seems to be quite accurate as of now. As we tested and set an all-time high of $34778.11, we also come very very close to smacking right of (4) . Bitcoin is extremely volatile and has a few options at this level. Either we'll see Bitcoin push, break, and continue past $35k or we'll see a nice cool-off. I believe Bitcoin will perform a cool-off up until late Summer/early winter, which will lead to a small bounce as it will set another range to be traded at over the next years. Google Trends: (trends.google.com) Talk about Bitcoin didn't really start "trending" until October, we can confirm this on Google Trends. The change in the trend of Google searches is clearly reflected on the chart. This doesn't say much but it gives you a better image of how the news/hype travels. DCJ
by DotcomJack
We're currently at Bitcoin buy point, $30,000 USD is cheapIt is my opinion that Bitcoin price will be at least $400,000 USD by 2026 . The current price at around $30,000 USD is still cheap as this asset will begin a significant advance. Here I lay out how I arrived at this conclusion: Bitcoin works as a store o value, it serves the same function as gold during the Bretton Woods system. Gold was an excellent store of value due to its high stock to flow ratio (the relation between annual production and the total available supply). As gold is a very scarce metal, the amount of gold mined every year is very low compared with the current stock. Scarcity is key for storing value. As the supply of bitcoin is limited to 21 million (we will arrive to that amount at the year 2140) and it's increasingly harder to mine (by design), this is a perfect store of value. So what many people has come to expect is that Bitcoin will eventually replace gold as the de facto store of value for individuals, institutions and even central banks. This year, according to what I've been reading, many people has been selling their gold ETFs and buying Bitcoin (I did that), and major investors and corporations started moving their treasury or at leas part of it to Bitcoin. Also investment funds and family offices are using Bitcoin as a hedge, the same way they used gold before. Now, assuming Bitcoin will replace gold, we can use the total market cap of gold to calculate the price of Bitcoin. According to my research gold's market cap is between 7 and 9 trillion dollars (sources differ). I will take the 9 trillion figure because I'm guessing there is a lot of gold unaccounted for (jewelry, dentists and technology companies gold inventory, as well as gold coins and bars held by individuals) and also more gold will be mined in the following years between now and when Bitcoin is effectively the de facto store of value. So if we divide 9 trillion (total gold market cap) between 21 million (maximum supply of bitcoin) we arrive at a price of $428,571.43 USD per Bitcoin. We can round it to $400,000 if you may. Now, keep into account that this price may be a worst-case scenario, because (1) as time progress more wealth is generated, (2) Bitcoin has a higher stock to flow ratio than gold and (3) probably will be even scarcer that 21 million because there are a lot of lost tokens (some estimate that around 3 million). Also (4) remember we wont arrive at 21 million before the year 2140. Taking all this into account it is my opinion that the price of Bitcoin should be at least $400,000 by the time it becomes the commonly used store of value. Now the question is when will we arrive at this? I think this economic change is moving faster than it would normally take. Consider that is estimated that by 2025 the majority of buying power will be held by Millenials. I don't have math to support this but following the pulse of the market I can only guess we will arrive at this price in the next 5 years, so let's say by 2026. Remember this is all speculation, before making any financial decisions take time to study everything you can about this and consult with professionals.
COINBASE:BTCUSDLong
by carlosrudriguez
2
💡Don't miss the great buy opportunity in BTCUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (29940). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Bitcoin/Tether 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 81. Take Profits: TP1= @ 32000 TP2= @ 32460 TP3= @ 33000 TP4= @ 34000 TP5= @ 34960 TP6= @ 36500 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 ❤️
Long
by ForecastCity
8
Bitcoin spiked in potential reversal zone of bearish BATHey friends, hope you are well and welcome to new update on Bitcoin. Bearish harmonic Butterfly move: Three weeks ago, I told you that bitcoin is completing the final leg of bearish Butterfly pattern on the long-term monthly chart. Now finally the price action has rallied upto $24211 and completed this leg. Now there are chances of price reversal because the price action already has spiked in the potential reversal zone of this bit bearish Butterfly pattern. Previous bullish harmonic Gartley move: This is quite a similar move that Bitcoin completed in April 2020, but that was bullish Gartley. At that time when the final leg was completed, then I posted an article and video where I said that the price action has entered in potential reversal zone and it can be reversed from here. Eventually, the priceline reversed, and sofar it has rallied more than 255%. The exponential moving averages: On the long-term weekly chart, the price action of the leading cryptocurrency is at the high distance from the exponential moving averages with the time period of 10 and 21, therefore, if the correction rally will be started then we can expect a move upto exponential moving average 21 that is at $15250 at the time of writing. Bearish divergence on the daily chart: If we switch to the daily time period chart, then it can be observed that the price action is forming higher highs, but the RSI is moving in opposite direction sliding down and stochastic is in a sideways trend. But if we switch to the smaller time period charts like in hourly, 4 hourly and 12 hourly, then the RSI stochastic and price action of Bitcoin altogether are in uptrend. So, on the daily chart, we have received a weak signal for bearish divergence, but once this bearish divergence signal will be reflected on the smaller time period charts as well, then we can be confirmed that a down trend can be started. Fractal resistance and supports: If we place the zigzag indicator on the daily time frame chart, then it can be clearly observed that from 2nd Oct to 26 Nov, the Zigzag indicator was ignoring all up and down moves and not showing any pattern, this shows the power of bulls. Now finally, after 1st Dec the Zigzag is showing the correction move. It can be an indication that now soon we will have a sideways move or a start of down trend. Here we can also watch the fractals, like previously from 26 Nov to 11 Dec we had bearish reversal fractal resistance at $19900 and the price action broke out that resistance and started the next rally. Now if the price action will form bearish and bullish reversal fractals then we should observe, whether the price action breaks the resistance or support, if the support will be broken down then a rally to the down side can be confirmed. Conclusion : At the moment the bulls are in power and we have received very weak bearish signals. But the price action has also entered in potential reversal zone of Butterfly pattern, therefore a bearish reversal from here is very much possible.
BITSTAMP:BTCUSDShort
by moon333
4
BITCOIN - 🚀 To the stars? or back to planet Earth? 🦒It was easy, while it lasted... but the fun goes on Since the beginning of November we were screaming out loud: BUY IT , THIS ROCKET HAS JUST STARTED We were right Further down the road, at the end of November we set our 2 target take profit levels at 21,000 and 28,000 We were right again On December 17, I shared with you how I had predicted perfectly the crash on Dec 17 /2017 and how this year is different. I was right in 2017 and I was right again this year. Right now, the price is at almost 29,000 and you can see our latest updated chart So, what's next? Well, this resistance now will be strong. If this is broken Bitcoin fans can dream for a flight to the stars...but the scenario of gravity still playing a role is more reasonable and a return to the earth is more possible, with 22500 level demanding to be checked. Let's see what happens next and if i will be right again.
BITSTAMP:BTCUSD
by FX_Professor
12