BTCUSD | Possible Rejection + Double Top Please support this idea with LIKE if you find it useful.
Price is being rejected by the Horizontal Resistance zone, also we have a Double Top pattern. In case price breaks the Horizontal Support + 200 MA to downward we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Bitcoindollar
Bitcoin Fib SpiralsHeres a bullish view for BTC
I was asked about BTC and these are my thoughts
I believe BTC to be in a falling wedge at the current time at the top of a downward channel
The only fundamental difference is the different fib circle locations, the earlier falling wedge move could have been preempted by a fib circle transition
Possible bear trap
The rising wedge that BTC has entered and has held ground in
The possible larger falling wedge that is in play
And my thoughts regarding how the 'long bullrun' is slowing down
Thanks for all the follows, and to those that continually are supporting my ideas
BTCUSD | Descending TrianglePlease support this idea with LIKE if you find it useful.
Price formed a Descending Triangle and sitting on the Horizontal Support zone. In case there is a confirmed breakout of the horizontal support zone the pattern will be confirmed and we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
BTCUSD | Just Be Careful! Please support this idea with LIKE if you find it useful.
Price is approaching to the Higher Boundary of the Descending Channel, here we also have a 200 MA, which can potentially work as a resistance. In case we get a confirmed rejection of that level we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
BTCUSD | Watch This Horizontal Please support this idea with LIKE if you find it useful.
Price stopped at the lower boundary of the Ascending Channel and also the one was supported by Horizontal Support Zone. For the H&S to continue working out we need to see the Lower Boundary of the Ascending Channel to be broken and then the Horizontal Support to be broken as well.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Bitcoin's Price Movement Explained By The Wyckoff DistributionPlease leave a LIKE & Comment if you enjoy the analysis.
The Wyckoff distribution pattern has a range between $4800 and $6800.
According to the distribution, the price is currently in at the "Upthrust" point, since it has moved above the horizontal resistance level at $6800. This is the initial movement of phase "B". The expected future movement is a downward move that takes the price below the horizontal support level.
The potential low below the support line is known as the "Show of Weakness", which could be the catalyst that initiates an upward move which causes it to break out above the resistance line.
As for the exact value of the low, it is possible that this low occurs both below and above this support line. It is called the "Spring" if it goes below, while the "Last Point Of Support" if it is above.
Once/if the price reaches this level, we will have a clearer understanding of the time period required for the price to complete this entire distribution.
THE FAKE MINING NEWS HAVE MADE BTC TO RECOVERY --> 7800 STILL POas you know in my before post i did expect that btc will go to 7800 usd
why was this target still not hit as i did expect?
the most of my targets are right for more than 87%, but why this still not?
--> There WAS FAKE NEWS! about the mining, and that btc network will become slow. and more miners will stop with btc mining.
satoshi nakamoto did made btc for long term, and hi did progam that Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post halving next month.
why did he do that?
because he should know that the value of btc would only increase with time. and the next halving it seems low reward for miners, but the value of bitcoin is only going up because there is a maximum supply of 21 million. even a small country cant buy for them resident 1 btc.
I still expect the 7800 usd target. and as you know btc chan change in just small time, only beacase of fake news.
If you like this post pleas give it a like, and follow me more for next targets.
BTCUSD | Possible Head & Shoulders Please support this idea with LIKE if you find it useful.
We possibly have a Head & Shoulders pattern forming. Currently price is forming the Right Shoulder and if there is a confirmed rejection of the resistance trendline, also the Ichi Cloud's higher boundary we can initiate a short position.
In case price crosses the support trendline to downward we can also initiate a short position.
If price crosses the Ichi Cloud to the above, then pattern will be invalidated.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
BTCUSD | Watch the Horizontal SupportPlease support this idea with LIKE if you find it useful.
We got a breakout of the Rising Wedge. In case price loses its Horizontal Support, the rising wedge will continue working out and we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
BTC significant change! According to the data getting from the different industries sectors and the level of confidence of people to the digital currencies and also the near recession period, I think we will have a significant change in digital currency values. in my opinion, digital currencies' idea is great but needed more time to obtain more reliability form the greater number of traders and also people. Unfortunately, this virus made this path for these currencies very difficult and I guess people will continue to think and survive economically in the most traditional ways.
BTCUSD | Breaking the Local SupportPlease support this idea with LIKE if you find it useful.
Price is breaking the Local Support now. The confirmed breakout will lead to retest of the Horizontal Support.
In case there is a retracement we can initiate a short position on a confirmed retracement of the Horizontal Resistance
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Bitcoin is forming bullish BAT | A good long opportunityIn my previous idea we have seen that on 2 hour chart the Bitcoin was forming bullish Gartley then finally as per prediction the priceline entered in buying zone and after hitting the sell zone dropped down.
Formation of new BAT pattern:
This time on short term 4 hour based chart the price action of BTC is forming bullish harmonic BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $6853 to $6777
Sell between: $7034 to $7307
Stop Loss:
The potential reversal zone area which is up to $6777 can be used as stop loss in case of complete candle sticks closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 7.8% and as per stop loss the loss possibility is 1.10%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BTC bear flag on daily timeframe target 2.400$-2500$ scenarioMy chart had this macro trendline for almost 2 years now and we are slowly getting there. I think we might retest this previous support from a few years back. At the same time if BTC becomes in the following months a safe haven, and it gets more adoption as hyperinflation occurs worldwide and the current economic system fails. I think it might just retest 4000$. However, we might get a strong bounce from the 5000$ area as that is the golden pocket fib retracement for our current move from 3600$ to 7500$.
It also depends on how the stock market performs. If the S&P and DOJ drop below their previous lows, then they might drag bitcoin down temporarily. Bitcoin could decouple soon so keep that in mind.
This will be the last chance to buy BTC on the cheap as after this is moon time. Only the weak hands will be shaken out. I believe however that we reached capitulation when we dropped under 4000$ as the volume on that daily candle clearly indicates that.
We also have a beautiful hammer on the monthly and historically this was a bullish reversal for BTC.
The 200 weekly moving average should hold and it's hovering around 5700$.
2400$ is just a scenario and the odds of doing that are around 40% because of the whole virus situation. If this didn't exist this would've had a 10% chance of happening.
BTCUSD forming bullish Gartley | A good long opportunityFormation of bullish Gartley:
This time on very short term 2 hour based chart the price action of leading cryptocurrency Bitcoin is forming bullish harmonic Gartley pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: $7276.7 to $7245.9
Sell between: $7301 to $7359.5
Stop Loss:
The potential reversal zone area which is up to $7245.9 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.