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Bitcoinpriceprediction

$4600 Bitcoin as 2021 low ? BTC/USD #Bitcoin $BTC #cryptoHere we see that huge pink and blue regression channel on our 3 day chart . You can see we have reliably remained in this channel since 2018 even through highs and lows. It seems until All Time High is breached above 20k that we will remain in it . That means we will revisit the bottom pink part of the band at some point . If that happened , for instance , next summer of 2021 it would line up perfectly with our bottom trendline ( that thin purple line ) and bring us a $4600 Bitcoin price next summer . You can see it on my chart where the orange B is . Also that area is roughly where our .236 fib is from our full fib . This is a great collection of different indicators that we will see a great price sometime next year . I believe the price could always wick a bit above or below there though , say from 4200 to 5800 but for sure we should see sub 6k and as long as we don't break below our 2019 low of 3150 we are still long-term bullish .Good things ahead !
BITSTAMP:BTCUSD
by shimmeringpath
6
Bitcoin Complex Trading Zone. Hourly chart TA prior US ElectionsHey! Bitcoin price action gets more complex. In fact price forming Wedge, and now price bouncing of range 13900-13500. Now let's focus on two important places to open a trades: 13400 - breakdown from this level wil signalize of next possible down move, to 12800 at least (wedge trading strategy), which is good support for next period. 14100 - breakout up from this level will mean prices approaching higher levels, and will go to 15000+ zone. Meanwhile US elections having very close race and only few states left to show who gon win. Remember, no matter who gon win, prices of the market will have it's own way in long-term perspective. Stay tuned. Have a great day !
BITSTAMP:BTCUSD
by ArShevelev
3
Bitcoin Higher High Incoming? BTC/USDT #Bitcoin $BTC #cryptoHere we see our Binance Btc chart having hit 13300 (just like my chart from 5 days ago predicted , I'll link below ) and will probably see some retrace . But is this it ? Is that our high for 2020 or will we continue up after consolidation again ? I have to look at the big picture here . Our low last year in 2019 was around 3150 and then this year 2020 after our big dump out in March we hit a low of around 3760 . That's a Higher Low . Because our low this year is about 600 dollars higher than our low last year . A Higher Low is bullish , of course , when combined with Higher Highs ( as the chart moves up in a channel . ) So to be long term Bullish I believe we have to make a Higher High this year, and I think we will . Not higher than All Time High of 20 k , I mean higher than last years high of 13940. Now we have a fib right there at 13964 - you can see it in my chart written in black - that's our .65 fib . But if we hit up there and get rejected it would not really be a higher high , it would just be kind of the same level as last year . I don't think we are going for same level , I think we are going for Higher High from last year's number just under 14 k . So what is the next fib above there ? Above that .65 fib ? The next fib up is the .706 fib near 14879- see it written in red on my chart - this .706 fib is also know as a reversal zone fib and it seems like a good spot for Btc to top out this year ! Could happen in the next month . See the red arrow on my chart for possible area of 148xx price hit .
by shimmeringpath
Bitcoin Next Stop isBitcoin loves to make fast pumps and dumps?! :) From what we see this year, bitcoin making good moves and returns from crypto sectors is pretty high. But if you falled in fresh defi coins at the top in August/September, you are probably facing hard surge in you account. But don't give up. Prices of defi coins will not back to ATHs, but Bitcoin... Bitcoin can back to ATH... And so far Bitcoin gives more stable yearly income than any other shitcoins on the market. So if you planning to invest for next year, well for sure you have to buy bitcoin each month during dips for your investment plan. Speaking about current price action: I have noticed very interesting fractal which appears in parabolic curve: So what I expect from it? Price action near 12600 and 13800 for at least next two weeks. Then sudden pump to 15000$ +++ zones. Please make sure you following risk management, and not trying to guess you wins/losses. Stay tuned and have good profits! This is Artem Crypto
Long
by ArShevelev
5
NEXT BITCOIN TARGET UNTILL 2021Hey! Bitcoin printing another bullish pattern , which can lead us to 15000 in 2020. Here is why: My view is based on EW I did changed a bit map, found similarities in smaller sub 3-4 waves, which pointed to bigger wave orange ③-④ setup, which I thought will be alt. But after all it seems like it is main one. Now Alt 1 and alt 2 considered less probable. Where to buy? So my point is we are going to see price sub 12000 again or we will go near it at 11500... Buy the dip is a good point. Where to sell and take profits? I will expect rise up to 14k with dip down to sub 13-12.5k. Then another wave of rise up to 15k and possible extension to 20k... This might happen during christmas / Q1 of 2021. What will be with coins and tokens (altcoins) Usually alts dies during such moves, so be careful, and try to cut unnecessary positions. I will send holding signals for coins when such price action appears. Stay tuned to Artem Crypto! Have a good profits!
Long
by ArShevelev
10
Bitcoin Technical Analysis: BTC/USD Poised For Recovery Bitcoin nurtures an uptrend after building on the support at $10,400 over the weekend. The pioneer cryptocurrency looks forward to a symmetrical triangle breakout, targeting levels past $11,000. Bitcoin is on its way to recovery towards $11,000. The reversal comes after the flagship cryptocurrency plunged to $10,400 last week. At first, price actions to the north were lethargic mainly due to the resistance at $10,600. However, BTC is currently exchanging hands above $10,700 amid a consistent push by the bulls for gains towards $11,000. The bellwether cryptocurrency has stepped above both 50 Simple Moving Average and 100 SMA in the 4-hour timeframe. In addition, the Relative Strength Index (RSI) highlights the uptrend as it closes in on the overbought area. The RSI indicates to the trader how strong a particular trend is and if the asset is overbought or oversold. For now, the path of least resistance seems to be to the upside. Meanwhile, Bitcoin is trading within a symmetrical triangle. This pattern is used in technical analysis to signal either a breakout or a breakdown. A breakout takes place above the upper trendline and a breakdown happens beneath the lower trendline. Breakouts are characterized by an increase in volume. Therefore, if the uptrend continues, there is the likelihood of a breakout coming into the picture and sending Bitcoin significantly above $11,000. Simultaneously, resistance is expected at $10,800. If bulls fail to break this hurdle, a reversal could occur and may revisit the support at $10,600. The 50 SMA and 100 SMA are in line to offer support, possibly prevent losses towards $10,600. In the meantime, holding above $10,700 is key to the uptrend and the potential breakout from the symmetrical triangle. Bitcoin Intraday Levels Spot rate: $10,705 Relative change: 28 Percentage change: 0.3% Trend: Bullish Volatility: Expanding
BITSTAMP:BTCUSDLong
by CoinGape
MA Crossover trading on Bitcoin by @ArShevelevMA Crossover trading Trading the crossover MA is simple - if the fast MA crossed from below the slow MA, it means a further uptrend is likely. If crossed from above - it means a further downtrend is likely. Look at different time frames on the chart to find Crossovers. If you are looking at smaller time frames, then remember to look at the higher time frames (4 hours and daily). In any case, it is better to try not to trade against the trend, which is pronounced on higher time frames. Example how it looks on 4h timeframe: After all, the rule of successful trading is simple - buy at the bottom, sell at the top. So we try to open a deal on the first pullback when a signal appears on the hourly chart. In a calm market, this can be easily done. If the market is in a rush, then maybe it's good that we didn't succeed - it's better not to try to go out in a storm) That's the whole strategy. Do not forget about Risk Management. It remains only to determine how to exit the trade. Try to act like this: Of course, the stop loss must be in place from the very beginning. I try to keep it close to MA 9 on the 4h chart. If the amount of losses is too serious when setting such a stop (determined by the share of capital that we are ready to lose in one deal), then it is better not to enter the deal, but wait for a more favorable moment. If after the opening, the price moved against me and went half way to the stop, then depending on my confidence in the market, I either close and open in the opposite direction (reversal) in order to return the loss, or wait for the price to return to the level when I opened and I close the trade at zero or with a minimal profit. If the price moves quite briskly in the right direction, either close at the first “major” pullback (10 percent of this movement), or move profit with a stop loss, moving it at the MA level. On the chart I plotted chart with next MA setup: 9 as fastest MA, 25 as fast MA and 99 as slow MA. On the chart you can see resistance lines, which is also helpfull to determine furter direction. For example if we going to see breakout from trendline this will means we continue bullish trend (or fakeout) despite MA crossover. 👍 Wish you all success in trading and high profits!
BITMEX:BTCUSD.P
by ArShevelev
5
200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC What will next year bring for Bitcoin price ? Does the 200 Week Moving Average actually act as a support for Bitcoin ? A recent article that literally came out today says will BTC will never drop below its' 200 Week MA which sits near 6700 as you can see on the chart ( it's the blue line with the blue arrow pointing at it .) So they are saying Bitcoin will never drop below 6700 ever again ? I disagree . As you can see we clearly dropped below the 200 Week MA in March - and actually wicked quite a bit below it . If we follow that March wick down we see our lower trendline in purple with a purple arrow pointing at it . I think Bitcoin will wick down here again , probably next year , and that would take us down to 5xxx or 4xxx ,possibly lower . But definitely that is below 6700 ! I suspect the author of the article is not really a trader . Did they even look at the chart ? Anyway I respectfully disagree with their statement that Btc is not going below 6700 again . I think it is , but will be in 2021 .
by shimmeringpath
Band Practice BTC/USDT #regressionband #Bitcoin $BTC #cryptoThis is that Pink and Blue Regression Band that Bitcoin has been in since the March dump . You can see we just wicked the bottom edge of the pink part of the band earlier today near 10600 . We are still inside it though and unless we go down and close below the band then we are still good to see some upside. See the red arrow ? Near 14k ? That is going to wick us up to the top edge of the blue part of the regression band . Whether we could go even higher after that ,it's always possible . But we seem to be going towards 14k .You can place a regression band on your chart very easily by just placing it and it clicks into place automatically so to speak .You will find it in the left side free indicators in Trading View , the first drop down menu .
by shimmeringpath
2
BTC - I am not sure about this Head & ShouldersEverybody talks about this potential head and shoulders pattern on Bitcoin, but I am not sure about it. It somehow doesn't look right with that first 12k touch just before it being higher than top of left shoulder. H & S is top pattern and it's left shoulder should be first of three tops, but it isn't here. Looks more like an ABC correction from 12500 top to me and I bloody hope it is, breaking 10500 support here wouldn't be healthy. ABC to support was obvious and inevitable and it would be healthy retrace, but breaking that support might mean this was all the sucker rally and we could go much lower than 9600 h&s target. What is not promising though is that many alts took heavy hit today and broke some very, very important supports. Since I can't see the fast bounce from here to make alts drop even further, their further drop, unless they retake those supports immediately, could be caused by more btc drop. Anyway, it's tricky squeaky bum time. This rally got to a dangerous point, bulls look exhausted and not willing to make strong and fast bounces anymore, even at this very important resistance turned support point. No more V bottoms.
by Seleme
Bitcoin Investigation of SidewaysSo far bitcoin following same price action like in May, my prediction is based on the possible market run near 11000-12000 zone for next month and will continue to pump up to 14000 level or higher. Take a look at patterns which occurred in Inverse Triangles during up-moves, they look quite similar. Triangles developed with 4 inside patterns: 💥 Pennant (green) 💥 Triangle (flat gray) 💥 Cypher (magenta) 💥 Rising Triangle (gray) After breakout from inverse triangle price followed with Sideways action, notice the sequence of Lows and Highs in June-August. Next pump followed with same Inverse Triangle and same patterns.
BITSTAMP:BTCUSD
by ArShevelev
8
Bitcoin Price Forecast: BTC/USD Sets Eyes On The Prize At $12k Bitcoin recovers from the dip to n$11,100 but hits a wall at $11,800. BTC/USD is likely to embrace support at the 61.8% Fibonacci level and relaunch the mission to rise above $12,000. Bitcoin price has shown resilience since the beginning of the week. This week started with action above $12,000 but BTC hit a wall at $12,084 (on Coinbase). A reversal took over with the price making haste into the $11,000’s range. Struggle to hold closer to the critical level at $12,000 lost traction with the largest cryptocurrency pulling the entire market into a fresh selloff. BTC/USD explored levels close to $11,000 but support at $11,100 gave the bulls a fighting chance for a reversal. Recovery in the last 24 hours has been steady and consistent except for the fact that selling pressure is present. For instance, Bitcoin pushed above $11,500 and the resistance at $11,600 but could not rise past the seller congestion at $11,800. At the time of writing, BTC is teetering at $11,761 amid a continuing retreat from $11,800 (immediate resistance). The Relative Strength Index (RSI) signals that selling activities may gain traction in the current and upcoming sessions. Initial support is envisioned at the 61.8% Fibonacci resistance level, taken between the last swing high of $12,084 to a swing low of $11,120. If this support is shattered, investors can expect a breakdown retesting $11,600 (50% Fibonacci level). Other support levels to keep in mind include the 100 SMA at $11,643 and the 50 SMA at $11,532. In spite of the hurdle at $11,800 and the ongoing retreat, all is not lost for the bulls because the MACD is holding within the positive region. Besides, bulls have eyes on the prize at $12,000 and, therefore, will not relent in the push for gains above this crucial level. Bitcoin Intraday Levels Spot rate: $11,755 Relative change: -46.71 Percentage change: -0.37 Trend: Bearish bias Volatility: Low
COINBASE:BTCUSDLong
by CoinGape
BTC/USD Prints Bearish Pattern: Breakdown To $11,000 Beckons Bitcoin bulls are working hard to overcome the resistance at $11,600 as well as the hurdle at the 100 SMA. BTC/USD is still in danger of a return to $11,000 in spite of the support at $10,500; the bearish picture becomes apparent. Bitcoin price could have already said goodbye to the critical level at $12,000. The cryptoassets is struggling to build momentum above $11,500 at the time of writing despite recovery from the support at $11,100 on Wednesday. The Asian session on Thursday is characterized by increased selling pressure, especially in the short term range. The 1-hour chart shows Bitcoin price trying hard to hold above the 50 Simple Moving Average (SMA). Glancing upwards, action towards $10,600 is limited suggesting a possibility for losses under $10,500 coming into the picture in the near term. The 100 SMA ($11,665) is a key hurdle that must come down for gains eyeing $12,000 to become actionable. The formation of a short term rising wedge pattern particularly spells doom for Bitcoin. A rising wedge pattern signals a possible reversal from an extended bullish trend (the recovery from $11,100). Bitcoin price narrowing upward action could not overcome the resistance at the 100 SMA as mentioned before, leaving the next hurdle at $11,700 untested. At the time of writing, BTC is trading at $11,554. The price is hanging at the edge of the cliff with losses likely to continue in the short term. The Relative Strength Index (RSI) is falling gradually towards the midline. This reflects that selling activities are gaining traction. On the other hand, rapid declines are unlikely but cannot be ruled out completely. The Moving Average Convergence Divergence (MACD) is holding above the mean line. A minor bullish divergence hints that buying pressure is relatively present but not enough to sustain action above $11,600. For now, establishing support at $11,500 is key for the fight to $12,000 otherwise, Bitcoin is still in danger of losses eyeing $11,000. Bitcoin Key Intraday Levels Spot rate: $11,574 Percentage change: 0.05% Relative change: 6.5 Trend: Bullish bias Volatility: Expanding
COINBASE:BTCUSDShort
by CoinGape
1