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Is BITCOIN making a bearish bump and run reversal?Looks like BITCOIN ( COINBASE:BTCUSD ) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self. The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time. Look at the (Opaque Red Box) for price range. What is your opinion? Leave your comment and a Like. Good luck
BITSTAMP:BTCUSD
by TWIMARKETCAP
7
🟡 BITCOIN : BEARISH GARTLEY PATTERN IN WEEKLY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #Bitcoin/U.S. Dollar If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Gartley Harmonic pattern With Take Profits on volume profile accumulation. Potential Max R/R is 6.91% A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
BITSTAMP:BTCUSDShort
by FOREXN1
7
Bitcoin: Long Term Breakout ProjectionIn this post, I'll be shedding light on a speculative theory involving Bitcoin's breakout pattern for the long term. This analysis is based on time periods, the wyckoffian theory of accumulation and supply/demand, as well as breakout strategies. Analysis - To begin with, we can see that Bitcoin, over the long run, has undergone phases of accumulations - Based on the longest chart history available, it bottomed out in Nov. 2011, and broke out in Feb. 2013 - It took 2 years after a local bottom, for a bullish rally to start - We saw the first high form in Dec. 2013, after a 10 month long rally - The bottom of the trend formed in Jan. 2015. A two year long downtrend. - Since then, the trend started to reverse again, until prices broke out of the accumulation phase in Feb. 2017 - The parabolic bullish rally lasted another 10 months, topping out in Dec. 2017 - After a full year of a clear bearish trend, prices bottomed out in Dec. 2018 - Just as the second consolidation phase, we are seeing signs of a trend reversal, leading to a potential breakout around Feb. 2021 - Based on major trend lines, we could expect another parabolic rally lasting 10 months up to Dec. 2021 Summary In conclusion, understanding supply and demand based on the wyckoff theory for the overall picture is important. Bitcoin as an asset goes through phases of consolidations and breakouts, forming new highs over the years. Spotting such patterns are important as they allow traders to capitalize on ephemeral bullish trends. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
BITSTAMP:BTCUSDLong
by Michael_Wang_Official
5
Is Bitcoin trading in a bullish flag?Or, possibly a descending triangle, there's been a bearish cross on the KST where I have the red finger icon pointing downward. On the RSI there's a noticeable pattern identical to the price action. I have drawn a hypothetical potential price scenario outcome in green. The green human body & head icon represents the head of a potential Inverted H&S pattern, if there's consolidation moving forward it would be ideal to see the head area hold as support to form the right shoulder of the pattern.
COINBASE:BTCUSD
by ScotianBot
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (13601.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 13747.0 TP2= @ 13840.0 TP3= @ 14055.0 TP4= @ 14290.0 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 ❤️
BITFINEX:BTCUSDLong
by ForecastCity
22
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (13601.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 13747.0 TP2= @ 13840.0 TP3= @ 14055.0 TP4= @ 14290.0 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 ❤️
BITFINEX:BTCUSDLong
by ForecastCity
15
BTCUSD | Beware!!! A Possible Correction Upto 12KHey friends, hope you are well and welcome to the new update on Bitcoin. As in my previous posts, I have been telling you all the moves of Bitcoin step by step. For example In the month of March 2020 I shared a Gartley move formed by the BTC price action as below: In above post I told you that the price action may move up to 12K very soon and finally the priceline started a bullish move. Sofar it has produced more than 105% profit rally and crossed up 12K level. Now the previous month’s candlestick has been closed above 12K level and crossed above 0.786 Fibonacci projection of this Shark pattern. Therefore there is a possibility that the price action may retest this 0.786 Fib projection that is almost at 12K The formation of up-channel: On the second of Oct, I shared an idea where I told you that the price action has formed an up channel on weekly chart. At that time it was reached at the support of this channel. Therefore I predicted that the priceline may move up to $13500 and that was half of this channel. When the price action of the leading cryptocurrency moved at the center of this channel then based on more signals I told you that now the price action can move up to the resistance of the channel that is at $14K. The BTC hits the resistance now: Now if we take a look at the live weekly chart then price action is at the resistance of this channel and has hit the $14K level as predicted. But if it will be failed to break out the resistance then it can move down to support that is almost at $12K. And this is the same level where we have the 0.786 Fibonacci projection of bullish Gartley pattern that has been formed on the monthly chart. The indicators and oscillators in long-term charts: Now If you see the live chart on weekly time period then MACD is strong bullish and Stochastic and RSI are overbought. These are very basic but important indicators there I am looking at these signals. Once they will start turning bearish and the priceline of the King of all cryptocurrencies will be at the resistance then the rally to the downside up to the support of the channel can be confirmed. Conclusion: Even though the price action has hit the resistance of the channel but sofar all indicators are strong bullish on long-term charts. Therefore before selling there should be more confirmations required.
BITSTAMP:BTCUSDShort
by moon333
1