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Bitcoinlong

Bitcoin Structure updateThe price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive breakout of the Stage 1 Range or neckline. The next major overhead supply turns out to be around $47,000.
BITSTAMP:BTCUSDLong
by nuevatraders
Bitcoin Breakout To 48k - $50k Golden Pocket TargetAs I've been saying for months, once Bitcoin broke and closed above $32k price would increase quickly. The Head & Shoulders pattern that was forming was also invalidated, so the new uptrending channel is intact and headed to the Fibonacci Golden Pocket range of FWB:48K -$50k potentially in 2023. We'll likely see profit taking pullback here. But then we're headed firmly higher going into the halving. I'll post another chart next showing my 'Likely, Probably, and Possible' targets for Bitcoin. I'm seeing some very interesting confluence with a macro bull-flag measured move that coincides very closely to the 3.618 Fibonacci target for the next bull run, around $212K. Also of note, our custom 'Radar' signal is showing Green for ALL long-term time frames (Daily, Weekly, Monthly, Quarterly). This is a clear signal to me that we're heading higher here now.
COINBASE:BTCUSDLong
by BrettFogle
Bitcoin Bullish Continuation to 50kCRYPTOCAP:BTC price has been consolidating at highs as we await the imminent ETF approval announcement. At this point a bullish pennant pattern has formed and the daily bollinger bands have tightened, signalling that we will soon see volatility that triggers a breakout. In terms of targets, the fib extension of the chart pattern says 47.3k to 49k. I am keeping in mind however that Bitcoin has never exceeded the 61.8% retracement of the previous drawdown pre-halving. Although the ETF approval announcement could make things different this time. If we exceed 50k, buckle up lads.
INDEX:BTCUSDLong
by HaydenOtto
ETH bull run This chart is a simple Elliot wave analysis of the cryptocurrency Ethereum. This chart is on the monthly timeframe using a line chart for a clearer picture. The starting point is an impulse leg with a small pullback with indicates impulse instead of correction. Price after completing 5 legs with an extended 3rd leg finally topped and retraced perfectly to the 0.786 Fibonacci level. The retracement was also a near perfect fib extension of first corrective wave down (not drawn). At the current moment price appears to have finished the correction with the final (Y) wave down and shown impulsive wave characteristics. I predict a bull run from here and suggest buying for a long term hold whenever the market has a pullback.
COINBASE:ETHUSDLong
by snipdapipz
$RPL is breaking out huge accumulation box$RPLis breaking out huge accumulation box in daily timeframe 👀 Expecting a Massive Bullish Wave 📈 Trading breakouts from huge accumulation zones involves identifying areas where significant buying or selling pressure has been building up, and then executing trades when the price breaks out of these zones. Here are some steps you can follow: 1. **Identify Accumulation Zones:** - Look for areas on the chart where the price has been consolidating or moving sideways for an extended period. This could be represented by a horizontal trading range or a pattern like a triangle or a rectangle. - Volume analysis is crucial. Accumulation zones often have higher than average trading volumes. Look for spikes in volume during the consolidation period. 2. **Draw Trendlines and Support/Resistance Levels:** - Draw trendlines connecting the highs and lows within the accumulation zone. - Identify key support and resistance levels that define the boundaries of the consolidation. 3. **Use Technical Indicators:** - Utilize technical indicators like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Bollinger Bands to confirm the potential breakout. - Look for divergence or convergence between price and these indicators, as it can signal a strong move. 4. **Wait for Confirmation:** - Be patient and wait for a clear breakout. This is when the price convincingly moves above or below the established support or resistance levels. - Consider using candlestick patterns to confirm the breakout, such as a strong bullish or bearish engulfing pattern. 5. **Confirm with Volume:** - Confirm the breakout with a surge in trading volume. A breakout accompanied by high volume suggests strong market participation and increases the likelihood of a sustained move. 6. **Risk Management:** - Set stop-loss orders to manage risk. Place them just below support levels for long trades and above resistance levels for short trades. - Determine your risk-reward ratio before entering the trade and make sure it aligns with your overall trading strategy. 7. **Monitor for False Breakouts:** - Be cautious of false breakouts. Sometimes, the price may briefly breach a support or resistance level but then reverse. Wait for confirmation, and don't be impulsive.
Long
by Crypto-Adda_Official
Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look. First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market. Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over. How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme. This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!! We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence. I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick. Please feel free add comments or ask questions down below. Thanks for looking WeAreSar0shi
BNC:BLXLong
by WeAreSat0shi
12
The bear trap is set. The 2023 bear trap AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval. Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks. Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap. What to look for The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move. Thanks for looking Hit the like and subscribe for hot off the press charts. WeAreSatoshi Stay blessed in 2023.
BNC:BLXLong
by WeAreSat0shi
3
BTC DAY RETEST TO 48KThanks for reading this update. BTC seems to have a new volume on the technical view for the coming hours. Idea range 24H-48H BTC has in the last hours stable movements since correction from the 48.9K Trend. Interesting to see if BTC will make a new high volume in the coming hours which will bring BTC back to 48K. This is not a long-term update, but more of a day update. Good luck to all traders, and Always remember to use risk management. This update is not trading advice, since we are not able to know 100% where the market is going, this update depends on technical data.
Long
by SatochiTrader