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Bitcoinpriceprediction

Bitcoin - What just happened?Ok I will interpret for you what happened and give you a point of view that will keep you safe. I only do longs I do not do shorts so I am waiting for it to go down so I can buy cheaper before it goes up. I believe the next leg will try to reach 15K and Bitcoin will try to retrace before it continues up. I believe BTC wants to go to $8,500 and maybe even to $7,200. In the unlikely scenario that we are done going down and to say that BTC is truly going back up, we need to look for a safe place to jump into it, so you either buy right after it breaks out of the triangle (the red resistance line) or you wait and see if it hits the red X. This will signal the first high, high and we would jump during the pullback to 61.8. The likeliest scenario is that BTC already ran out of steam after hitting the 50MA on the 4H -- which is also where my trendline is. It should start to come down now and hit the green trendline or go below it to the green x. Another indication is that BTC on the 1D timeframe has violated an important trendline. This is the long term view that shows that going down to $8,500.00 (50% retracement of the 2019 move ) and $7,200.00 (The 61.8 retracement of the 2019 move) would be healthy and maybe even needed. Both of these prices are marked by the green X's. THE TREND: Going down. THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
BITCOIN PREDICTION PRICE (100% accuracy as always)I have to say sorry that I posted it late because the re-entry price for short-term is achieved but I have to wait for more time to give you a clearer picture. I hope you have bought at my previous golden entry price. Here is my continuation of previous post. BITCOIN ANALYSIS: $10253 is a price that we should re-entry and also the stop loss premium price. It is bearish in the long term(Days). Although it did hit the my short-term resistance price 3 times but it did not hold or break the price in the end of the candle(Day). MACD is definitely showing bearish situation with higher sell. However, I will stick to my target($10910) because I still do not see any sign of dropping more as the daily candle is still remaining green. Lastly, I might wait till RSI/EMA next movements before changing my mind. Below are the conditions for Bitcoin to reach my target and I hope it will do. Conditions to reach $10910 (Target Exit Price in my previous post) 1)Bitcoin must break and hold above $10400-$10430 to have a higher rise in price. 2)Bitcoin must not drop lower than $10253. 3)Bitcoin has to display another green candle in daily chart(Today). All the best and Happy Trading! Regards, Edgainers
Long
by fakerhi
1
BITCOIN PREDICTION (100% Accuracy as always)BITCOIN PREDICTION: Entry Price: $10053 Exit Price: $10910.53(Wave 5) BITCOIN ANALYSIS: Congratulations to the viewers who read my previous posts because you are in a good profit. Firstly, Bitcoin has rebounced from my previous target $9799(Golden Entry) many times and it is obviously a strong barrier for it to break. MACD is showing bearish in a short term but there is less selling momentum to pull the price lower. RSI is showing that BTC will start to play another small pump but a small drop is required. Therefore, we most likely will not see any good low price to enter. $10053 will be my next entry price. Even if there is a chance for BTC to fall lower like most of the traders think like but I dont see any sign for BTC fall below 10000 at the moment. $10910.53 is my target/exit price that BTC will reach but it means that BTC will have to make a breakout of present trendlines. This also mean that BTC will pump even higher and perhaps to my peak price $11198.95. Strategy: No sign for BTC to fall harder than before so SHORT trade is not encouraged at the moment except BTC drop lower than $9700. Long/Buy will be the premium option to earn profit from this prediction. Hope you enjoy the profit from my previous posts. All the best and Happy Trading!!
Long
by fakerhi
6
BTCUSD Housekeeping, Zoom out for clarity!Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities. What's new? -Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever parabolic move -Failure to hold this line will see us crashing hard into yet lower lows and most likely revisit 7000 ranges -As time passes with more and more drops we being squeezed into an ever tight channel and 10000 becomes support the bulls don't wanna drop What's the Good News? -Well, one could short until 10000...will take some balls, or paws! -A trend reversal is always looming, the RSI is extremely oversold, flirting below 30 -Targets for the Bulls should that rally come 10900, 11400, 11800 -Breaking the sloping resistance could see us retesting 12300 failure to breach it would see us rinsing and repeating the same old trend As always Trade Safely, Happy Trading! Words from the skeptical: Bitcoin is nothing but a Ponzi Scheme for the moonboys, this is not financial advise, I am nothing but a moonboy!
COINBASE:BTCUSD
by ChartPicasso888
Bitcoin Prices slide as Bart Simpson rears his headIt has come to reports that the prices of Bitcoin have descended below $11,500 this Wednesday. The pattern has taken the shape of the fictional character Bart Simpson's head. The predominant cryptocurrency had gone past $12000 but there was an abrupt descend only hours later from that. It rose high to $12,145 and slid down to $11,438 in that very afternoon. The unwelcoming pattern of Bart's head, as so it has been named after the fictional character, Bart Simpson. It has, consequently, driven the crypto market to decay. The crypto industry had to incur a severe market sell-off. It is learned that newly-published research has affirmed that Bitcoin and crypto-currencies have led to the formation of an inverse correlation with the S&P 500. Nevertheless, it is also being noticed that both stock and crypto markets are in risk now. Bitcoin has come down by 0.55%. the Dow Jones industrial average loses 0.53% and the S and P sliding 0.31% for the day. The profits, it is learned, were to relinquish them in a vicious sell-off only hours later to the gains. Structure of Bart's head wrecks havoc on the crypto domain Bitcoin had to suffer a huge loss by the unwelcoming Bart Simpson technical pattern. This pattern is consistently unwelcoming because the price spikes trade sideways and then swerve low to the point of collapse which is its original level. It has been named the "Bart" formation by the armchair traders as the pattern of lines are reminiscent of the head of Bart Simpson which is analogously spiked. This is a very rare occasion for the crypto traders but whenever it rears it's head then it is because there are manipulators striving to exploit the market at the expense of retail traders. This pattern is heavily detrimental to the crypto market and hence intimidating to the operators of the market. The crypto market is operated under strict vigils and therefore, such forebodings are hard to sense and fortunately rare for this very reason. However, the stalwartz associated with the industry are devising ways to have riddance of such havocs, keeping in mind that no more losses or taints are caused to the market. It is also learned that preventive measures would be taken so that they can out-maneuver every kind of prospective threats. Speculatively, the security on technological terms would be strengthened even more. News Source: TheCoinRepublic
BITFINEX:BTCUSD
by TheCoinRepublic
1
BTCUSD Unnatural Dump is Matched by Natural Pump!?After the epic 6% dump and pump, yup dump and pump that brought coinbase to its knees for a moment, we are now followed by the actual natural breakout to the upside. We now looking healthy to either slowly descend again or break the sloping resistance towards the next horizontal resistance. Targets: -On the upside, 10200, 11100 and 12000 -On the downside, 9300, 9000 and 8500 My take: We are still looking bearish unless you comfortable trading a squeezed pattern then we could break the sloping resistance and re-test no higher than 9800. As always, trade Safely, Happy Trading. A word of ADVICE: This is not Financial ADVICE :)
COINBASE:BTCUSDShort
by ChartPicasso888
BTC short short term, long long termpredicting a short crash to total the 30% pullback we have all been patiently waiting for to regain a healthy market. with this last dip towards the 0.382 FIB (fib lines drawn from bottom at 3100$ to top around 9100$) , we will likely recover on our previous trend line that was started April 1st, before we went parabolic in May. IF this line fails, I see a dip to the 0.5 FIB, then we will catch my lowest upwards trending line from the bottom of the market through April. If that fails, start shorting bitcoin like a savage because its over and this was the biggest takeout we've seen in quite some time. Honestly I don't see a fall for longer than a day below 5600, and wouldn't bet against a break of 6000$ to be honest. My prediction is a drop to 6200-6800$ then a nice slow recovery that is healthy and grows for all of us for the next 6-12 months. THEN, once this build up is above our previous ATH, we will go parabolic towards 50-100k in 2021-2022. Really this analysis is mainly about the fall to the 6000's and getting support there and coming back up. Thanks guys and good luck. If you only use binance or other non leveraged brokers, sell into tether or TUSD or whatever stable coin you want. IF you use bitumen, kraken, etc, I would do some TA and think about a short term short position
by Etipton04
bitcoin price prediction this summercreated by analyzing fib retracements (not shown in chart) and natural volume based and trend based support and resistance, we will fall anywhere between 7200-6350 before a recovery over the next 8-12 weeks. Could happen in a matter of days though. As you can see, my prediction from our wedge played out correctly as well. We are OVERDUE for a BIG correction in the 25-40% magnitude range from our first 1000$ candle or from the start of our parabola in early May. Which one depends on a number of factors including support, RSI etc which all point to a .618 retrace of our parabola to the $6000's then back up but slowly and in a healthy manner this time around. Sitting in overbought territory on the RSI on the daily and weekly is NOT a good time to buy. Good luck and be careful.
BITFINEX:BTCUSD
by Etipton04
Bull or bear?We cant really predict the future no matter how hard we try but we can do an educated guess from prior trends, from what we are seeing in the above chart, bitcoin seems to be finding it hard to close blow the $3400s, why we don't know for now based on FA. A visible close below $3381 may spell full doom for bitcoin because it might lead to a close below $3100s which means corrective leg B might extend, then we start looking at the region $2900s to hold as support. Already there are signs of a continued downtrend such as bearish engulfing candlesticks being presently printed, low and declining volume and the last low on the stochastic seems to have printed a bearish divergence on the charts (lower low point in comparison to other points' position). traders are advised to trade with caution and tight stop-loss as we watch to see if the $3400 to $3300 support area is broken. Note: am still very bullish that what is about to be formed is a second bottom (pending a third if possible) for a 123 formation to signify full bullish reversal. 123 means a Top, 2 lower highs and a double or triple bottom. lets keep watching the daily close of the candlesticks, pattern, price targets and momentum. thank you
by vandumen