Support lines work from last major rally between $30k to $70kThe price of bitcoin is strong near two support zones of $42,000 and $40,000. The price of bitcoin fell below $44,000 shortly after the Federal Reserve’s December FOMC meeting notes re-confirmed efforts to regulate the balance sheet. If the price does not break back over $46,000, the market may be in for a prolonged bear market. BTC may retrace to the low $30,000 region. The Securities and Exchange Commission (SEC) of the United States postponed its decision on NYDIG’s spot bitcoin exchange-traded fund by 60 days on Tuesday (ETF). The delay led to a negative sentiment in the crypto markets, with several tokens experiencing a quick sell-off following the announcement. This could be a fake sell off to push the price lower so that a good buying opportunity pushes us to higher highs.
Bitcoinfutures
BKKT at All Time Low ! Buy Opportunity ???Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
52 Week Range 6.13 - 50.80
BKKT`s Market Cap is 353.847Mil, lower than some of the most obscure crypto exchanges utility tokens.
And when you think Bakkt is owned by ICE, Intercontinental Exchange, the company who owns the New York Stock Exchange!
How high can this stock skyrocket from here?
BKKT bullish reversal Price TargetsIf you haven`t bought the all time low here:
Then you should know that BKKT is already close to the fist price target.
BAKKT is owned by ICE, Intercontinental Exchange, the company that owns the New York Stock Exchange!
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
Bakkt also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction”
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My short term price targets are: 11.60, 16.80 and even 27.60usd.
It might sound exaggerated, but my price target for late 2022 is 80usd.
Looking forward to read your opinion about it.
BTC CME FUTURES FALLING WEDGE PLAYING OUT!!!Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this falling wedge to play out the same as the previous ones, could be a little conservative on this price predicition but i think the 80K mark is very doable by the end of this pattern playing out. a big confirmation that we need is a push up and above the midline on the bollinger bands with a daily close above, aswell as a daily close above of this wedge but thats looking like its going to happen today regardless. Looking at our last run up we saw a big climb up the top band on the BB's and thats exactly what im thinking is going to happen once we move further up, a break of the midline opens the door for that climb up! A look at our wavetrend we have bottomed out in the buy zone and check out the last time we had a bottom out at this level, right before we had the first run up from the falling wedge the wavetrend bottomed out and we haven't seen that since until now! We are getting a nice curved reversal and keep and mind that this indicator makes smooth transitions rather than jagged reversals and judging just off the recent bottom we had and the beautiful reversal we are currently seeing i think we are due for a masssive run to the upside! Not financial advice just my opinion!
🚀 Mind The GapThe market always fills the gaps.
Gaps are not common in the crypto market. But, as Bitcoin gain mainstream adoption and more investment vehicles get listed on traditional financial markets, these elements can play a relevant role in how its price moves. Gaps signal strong price reversals and point at suitable price levels that traders can use as support and resistance.
The chart shows the Bitcoin future price as it traded on the CME. The gap around $60,000 in April marked the local price top. The price retested immediately the same level after, and when it failed to break out, the trend lost steam and reversed.
The same is happening these days, the other way around. After breaking above, pushing Bitcoin to a new all-time high, the price pulled back to retest the buyers' confidence. Should the price hold, the road to $100,000 will be smoother.
Be patient. The chart also includes the other three relevant gaps in the market. Keep them in mind as guidance to place your stop losses. Bonus fact, the BTC ETF is already driving up significantly the trading volume, making this chart always more significant from now on.
Bitcoin is following a well-known pattern. Useful points.Bitcoin has printed a bullish pattern with just two or three resistances in front of it, indicating that a rise is likely in the following 10 days. I predict the price will stop around 60k and drop to 56k before rising to 62k and retracing to 58k, where it will be free to surpass the previous all-time high. In the meanwhile, altcoins will have an opportunity to rise once again.
By the way, network transactions are still on the low side, so if only increase +100,000, we should be able to achieve Bitcoin price $80-90,000 by the end of the year.
BITCOIN IS AT A CRUCIAL POINT! CAN WE DO IT BULLS?BTC is at a crucial point right now. We turned Support Into restiance.
But we got a golden cross the other day I have a good feeling. LAST golden cross had a failed break out.. I believe this has to do with El Salvador and whales trying to keep the prices down as they were loading up. ( just a theory! )
Maybe by october or later this month We will be back on track... Maybe tonight :)
Good luck guys! People saying bearish winter. I feel like we will be at 90k By end of november :)
Peace and Love!
$Bitcoin pushed off from the 200-day MA againBitcoin pushed off from the 200-day MA again and at the moment the price rose to $ 49,900. It separates the first cryptocurrency from a breakout above $ 50k, from where there should be an easy road immediately to $ 60k, according to analysts 😎
I'd like to see continued growth in BTC, but the modest trading volumes and the downtrend in RSI are somewhat confusing. Bulls need to punch
#Bitcoin in the futureWe think this scenario is likely and will happen soon
To find a special place, bitcoin needs to build strong levels for itself at every stage
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This is an analysis for another 6 months
Your own risk
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Bitcoin Breakout from Triangle -25% opportunity! — BTC DOWNHey! Bitcoin price surging down below $30000. I am looking for confirmation on lower timeframes, but from here it is looking solid bearish. Daily closing price will make possible to confirm further downtrend.
Stay positive and patient, cause real beer market not even opened yet.
Daily timeframe update:
Wyckoff prediction
Trading patterns
Elliott waves patterns
Best regards
Artem Shevelev
🐋 Bitcoin Prepare for Buy 04 July 2021 🤨Price of bitcoin sloping in range further. Bitcoin went up today for +2.33%, which is in regular deviation.
Looks like price don’t want escape this price range for some reason. Price stays in tight bound of 37000 and 32000. This zone is not comfortable for trading, but it's creating a lot of opportunities for scalpers and daytraders. Sweet spot for whale feeding.
I am looking forward next days to see another dipping in and pullback towards selling zone.
Further buys will be revealed in upcoming updates.
Don’t underestimate the size of the real whale out there. It might chew everything on its way.
stay safe
Best regards
Artem Shevelev
AXSUSDT > fly.. Great Buy Setup!Hi Friends,
In this analysis, I am sharing about AXS .
Follow proper risk management and the minimum risk to reward ratio should be 3.
I am new to TradingView So, Do support me and share your views in the comment section.
**Trading is all about strategy. All I have done above is Technical Analysis
About Me:
Hi Friends,
I am a Forex trader and cryptocurrency technical analyst. I am passionate about blockchain technology and cryptocurrency and has since been following the market wave. I trade on Crypto, Forex and CFDs
BTCUSD: Bullish Engulfing at its best imo!¡Hola amigos! 😉
if we look at Okex, we could see a strong bullish engulfing in my opinion. Okex has different open and close times than Bitstamp for example. Often looking at the Asian exchange helps because they are earlier.
E VIVA EL HOLDLADOR! 😁
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My Post Jun 6, 2021
My Post Apr 18, 2021
My Post Apr 15, 2019 (2 year ago!)
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BitcoinIn the 4H chart BTC price is in a symmetrical triangle and has been tested each side of it three times.
As you see price is approaching to the support level
if we see any downside push at this level we can expect a fall to 33607 or even more around 33000 in the near future.
Otherwise if the price could grow further than 38681 we can expect an upside breakout on the triangle upper side
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What do you think about BTC price?
Feel free to share your ideas in the comment
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Bitcoin Daily MACD & 200ma Positive Cross = LAMBOThe daily MACD is heading towards a positive cross.
200ma (white) is working on positive cross above.
As these two trigger each other (and with futures closing Friday) Lambo Mode is about to activate.
Not financial advice - but it's what I am think'in.
Bitcoin Futures v Spot: A Tale of Two Bities. It was the best of trades, it was the worst of trades. Look, I had to get that one in.
This update is a quick answer to an email received on CME micro bitcoin futures. To trade or not to trade?
Answer: there are pros and cons here.
Some points:
Micros are very algo driven with the May contract currently looking heavy from just one participant stacking bids and offers. Weird. That will change.
Not trading a lot of volume yet. That will change.
Full sized contract (equals 5 bitcoins), with margin close to $100k, is too rich for most.
Micro contract (1/10th of a BTC) is a good entry level size.
Wider bid/ask spreads on all futures contracts compared to spot. It will change should the product develop.
Futures have far lower comms than spot coins.
Commission example: Crossing the spread (buying 1 and selling 1 at market) in the micro burns $6 in price plus say $2 for (expensive) comms round turn. That’s $8 to play a contract size of $4535. That’s in and out.
For spot, Kraken for example charge up to 0.26% to buy or sell at market. Even getting in and out at the same price, would cost $23.58 for the same sized trade as the futures. So three times the fees even when the spread size is covered. Coinbase fees are 0.50%.
Comms from one broker/platform to the next very of course and they vary over time, but that’s an interesting example.
Futures downside: liquidity at this stage, but that will change. It’s a new contract. With futures, you also have to pay monthlies for platform and data. Some brokers offer free basic platforms, but the data still costs. Trading once or twice does not make it worth the bother. Spot platforms and spot data do not seem to draw a monthly (for now, but you watch).
Futures are more for active traders where comms matter. Spot is a better option for long term HODLers. Pros and cons.
Not all points covered here. It’s just a start. The CME Groupo site have some great info on futures.
Please like & follow for more updates and dumb references.