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Bitcoin at Support Offering 20% ProfitBitcoin is currently at support and may soon bounce, offering a 20% profit opportunity. Current Situation After hitting highs of $62,000, Bitcoin has been mostly selling off, unable to keep its upward momentum. Although this may be disappointing to traders, in the long run, it is a healthy pullback that allows us to buy the coin at a discount! Bitcoin appears to have bounced on the $51,500 support. Although this level has proven to be reliable multiple times, it is not as strong as the $42,000 level, which is labeled as "Main Support" on the chart. This discrepancy is because the $51,500 support doesn't represent a previous all-time high (which makes the sturdiest support and resistance). Opportunity If you were to buy in at $51,500, then you stand to gain 20% when the coin eventually recovers to its all-time high. If Bitcoin breaks above the all-time high, you stand to gain an additional 20%-40% on top! If you are unsure that this level will hold but still want to take part in the trade, you may enter with only part of your funds. If it doesn't hold, then you can enter again at lower support levels, which will, in turn, raise your potential profit when BTC eventually recovers. If the $51,500 level breaks, then we have the $42,000 support to fall back on. The last time BTC reached this price level, it immediately rebounded and rallied to $62,000. This support level also represents the previous all-time high, which was broken after Elon Musk tweeted that Tesla purchased $1.5 billion worth of BTC. Below the $42,000 level, we have two minor supports at $38,000 and $34,000. Finally, we have a strong support at $30,000, but it is unlikely that BTC will fall this low, considering the bull market's strength.
Long
by cryptohopper
BTC PEOPLE MUST BE BLINDso basically you à te traders You learn that the market structure work in wave You have a perfect 5 impulse drawing in front of you the bottom of the fourth wave. So it’s a perfect swing , perfect position trading if you already in ? Are you all dum and think btc will go to 38k. The simple principle of wave impulse is that wave 4 never go in wave 1 area. So now will be the perfect timing of the market. Guys you need to all look at the basics of wave mostly when they are that apparent
BITSTAMP:BTCUSDLong
by RICHMONSTOCK
5
Bitcoin will falling Wedge?Can we predict what will be happening? The objective of this analysis is to look into the possibilities for bitcoin in a very tight frame and it can be valid as a complementary analysis and study. Tap like if it was helpful and if you enjoy the analysis. Thanks for that. I'm realizing that bitcoin has made a distribution and the correction movement may not be as low as it is spoken away. In the graphics times of 2h and 4h we can clearly see a pennant. But the expected price retraction is close to 27k. So this zoom in I'm now showing is that it may be falling down making a falling wedge. For the price to continue to rise from now on and break this down channel that was formed this week, it is needed to break and confirmed above this POC. This is the decisive point for the next moves that will follow. If it doesn't overcome the POC it gives us the possibility of a short with good targets below. I believe we will not have a trend reversal yet. For now I'm still positive about the longs, but we shouldn't miss a good and clear opportunity for a short. The paths I expect are these two lines plotted in green and the other in yellow.
by livemzavhenrique
Bitcoin’s Had a Fantastic Year, but the Best is Yet to Come!With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come! Bitcoin in 2020 The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period. During March’s economic downturn in response to Covid-19, BTC experienced a severe crash along with many other markets such as the S&P 500 and gold. The coin fell to its lowest level of $3,800 this year. Then, in just two months, Bitcoin recovered all of its lost ground, reaching $10,000 by May. The price stayed stable between May and August, and it was the altcoins that grew significantly, with many DeFi tokens gaining more than 1,000% in value! BTC then made new yearly highs at $12,000 before retesting the $10,000 support. Starting in October, with the help of strong institutional interest, Bitcoin experienced a tremendous uptrend with a speed and momentum not seen since early 2017. On November 5th, BTC broke above $14,000, proving that this is the strongest uptrend since 2017. On December 16th, the price made a new all-time high for the first time in 3 years. BTC pushed up an additional 43%, reaching all the way up to $28,000! Bitcoin in 2021 Although 2020 was a great year for the world of crypto, with a tremendous increase in Bitcoin’s price and a keener interest from institutional investors, many predict that “2021 will be the year of crypto”. Bitcoin reached its zenith in December 2013 when it broke above $1,000 for the first time. After a severe correction, the coin gained significant ground in 2016, making new all-time highs and reaching its zenith again in December 2017, around four years later. Then following a severe correction, Bitcoin rose significantly in 2020, making new all-time highs. If history is to repeat itself (which it often does), then we will see Bitcoin peak out in December 2021! Happy New Year!
by cryptohopper
A Record for BitcoinAfter three weeks of ranging, Bitcoin finally breaks the $20,000 and makes a new all-time high! Breakthrough Importance Calling this as "big news" would be an understatement. This breakthrough just about confirms many predictions regarding the Bitcoin cycle. Generally, the more a resistance is tested, the stronger it becomes; this also means that the stronger the resistance, the stronger and more aggressive the breakthrough will be when it finally occurs. The $20,000 level was strong because it was the main resistance in the 2017 bull run and held multiple times in 2020. Now that the breakthrough finally occurred, it has pushed Bitcoin's price through the roof! What Happens Now? It is very hard to determine where exactly the price will head. During the last halving, the price went up around 20% after making a new all-time high. This looks to be the case this time, as the price stopped just short of $24,000. Every time the price breaks a resistance, it becomes a new support. Therefore we should look at the $20,000 point as a robust support level from now on. This is also the price where we predicted Bitcoin would head to after peaking out around $80,000-$100,000 in the halving cycle. As BTC has just broken this level, it may come back to retest it after peaking out, which will make it an excellent entry point. The 150 EMA we mentioned in previous articles works excellently as a mobile support during bull runs. Therefore, when the price hits the 150 EMA, it is usually a great time to buy. During the last halving, Bitcoin's experienced a short correction to just below its previous all-time high before pushing higher. Therefore BTC may fall to $16,000 in case of a more serious correction. However, it is more probable that it will hold above $20,000.
by cryptohopper
1
Bitcoin 2017 vs 2020 Bull Run (Very Different)Bitcoin had one of its most phenomenal years in 2017 when the coin reached $19,500 for the first time. It took BTC three years to reach that price level once again. A good number of people are now wondering if this will play out similarly to 2017. However, based on the data, we will head significantly higher this year! YTD Growth In 2017 we experienced an incredible 1,800% year-to-date (YTD) growth by the time we reached $19,500. Conversely, this year, the YTD growth stood at only 170%, ten times less than in 2017! No matter how you look at it, a 1,800% growth is a lot even for cryptocurrencies. Therefore, when Bitcoin reached $19,500 in 2017, the price was hugely overextended. However, when we reached $19,500 this year, we were only up by 170%, and thus we have more room for growth. Yes, it can be argued that Bitcoin is less volatile now than it was back then, which accounts for the more limited growth. But any way you look at it, it is not ten times less volatile! Price Reaction to All-Time High Perhaps the most important difference between 2017 and 2020 is the different reaction the price had when reaching $19,500. When BTC made the all-time high in 2017, it immediately experienced a severe 40% correction in just six days! In 2020, BTC experienced a substantial 15% in only two days. However, following this we saw an immediate reversal where the price pushed even higher to $19,800! What Happens Next? We can never predict for certain what will happen in this market. However, based on the data, it is probable that we are just at the beginning of the uptrend. We may be somewhere around $5,000 when compared to the 2017 bull-run, still expecting Bitcoin to triple or quadruple in value in the future.
BITSTAMP:BTCUSDLong
by cryptohopper
12
Bitcoin is on Track to Reach All-Time High!With the breakthrough of the $17,000 resistance, Bitcoin is now on track to its all-time high at $20,000! Breakthrough Importance The breakthrough of the $17,000 is of utmost importance as it was the last significant resistance on Bitcoin’s path to $20,000. This level acted as a resistance before Bitcoin reached the all-time high, and afterward, it prevented Bitcoin from reaching $20,000 again. What Happens Next? This level was the strongest in Bitcoin’s path to $20,000. Therefore, due to the strength of the bullish momentum, Bitcoin will probably test its all-time high once again in the near future. However, Bitcoin hasn’t touched this level in nearly three years, and it is unlikely that we will achieve a breakthrough and make new all-time highs just yet. The most probable short term outcome is that we will push close to $20,000, get rejected by this level, and head back to $17,000. This rally has been very impressive so far but also dangerous. In total, Bitcoin rose by around 65% in just 42 days; this equates to approximately 1.5% growth every day for the past six weeks. While this rally has been great for holders and traders, it is only natural that some form of correction will ensue. If a correction follows soon, then the newly broken $17,000 level will be the first important support level. Following this level will be the $16,000 support BTC broke last week, and then finally, we have the $14,000 level. Although Bitcoin can fall even further than $14,000, that is not as likely to happen. Many traders and investors expect Bitcoin to be very bullish in the upcoming year due to the halving and increasing institutional investment.
Long
by cryptohopper
Bitcoin Makes Yearly Highs: Where to Next?Starting on the 19th of October, Bitcoin became increasingly bullish, rising in momentum before peaking out around $13,200. The coin is momentarily consolidating between $12,700-$12,800, and appears unable to push higher. The $12,000 Level BTC broke the critical resistance at $12,100, which was the highest resistance level of 2020 so far. This breakout is crucial, as Bitcoin has attempted a breakthrough at this level four times since August, with no success. The last time this level was broken was one year ago when Bitcoin had an astonishing rally of more than 250%. This level also acted as an important support during Bitcoin’s strongest bull-run in December 2017. Where to Next? The current resistance level stands around $13,000-$13,200 (this is where the recent rally stopped). This level was only briefly tested during last year’s rally. Therefore it should not be particularly solid, and BTC will probably have an easier time achieving a breakthrough. The next resistance level stands at $14,000. This resistance stands at the peak of the summer 2019 bull run. Breaking this level will mean that we are in the strongest uptrending market since December 2017, and we have a chance to make all-time highs. We might face a small correction before the bull market continues. If that’s the case, then we can expect BTC to retrace back to $12,000. If the $12,000 level breaks, we could see a retracement to $11,000 or even $9,800. However, judging by the strength of the bullish momentum, it is unlikely that Bitcoin will drop below $12,000 in the near future. Note: It is not recommended to use the 3-Day chart when doing your analysis or trading. We have used it solely to provide a better visual representation of Bitcoin’s price.
Long
by cryptohopper
Special Analysis: Pay Attention on the Bitcoin trend!!!Today, I see that Bitcoin is on the formation of the bullish cup and handle. That is an inminent bullish trend!!! OH MY GOOD WHAAAAT??? But guys, this is a turn signal that Bitcoin is go prepared to go to the moon in medium term, we need to stay alert on this chart because we could to get posiiton on long to the $14,000 USD as perfect target profit. That is it!!! It's a bullish signal, also if you follow me on my Twitter profile as @harisonhbn9718, I always post you tubes video and interesting information for the markets, including the crypto. Because we see a bullish trend so nearly and we need to buy a lot Bitcoin. But buy, and buy and buy Bitcon. Also, as fundamental of the CEO of microstrategy post on the cryptonews.com or you can get it on investing.com and found out in the cryptocurrencies news that he's want to buy Bitocin wiht a worth of fortune around of $250 million. That is a bullish signal in medium term. Guys, I reccomend to follow me on my Twitter Profile because I post always interesting information about the economy, markets and too, all information that I share is avaible in two languages: Spanish and English, because I have a colaborator's people in crypto-latinamerican that share interesting information that sometimes we need to pay attention as the you tubers on crypto-english speakers. Now, looking in weekly, we are here in the bull trend and obviously the next objective to find up is near of $14,000 USD that was the 2020 maximum that Bitcoin is leave it.
COINBASE:BTCUSDLong
by harisonhbn9718
1
BITCOIN about to DROP - it's SO OBVIOUS!DON'T BE FOOLED INTO THIS BULL TRAP. look at the volume. back to basics ladies and gentlemen. i don't care what kind of intricate charts and indicators you all use... this ship is about to SINK.. and that is a fabulous thing. when price move ups & volume does the opposite, what does this mean folks? anyone? hello? can anyone hear me?!?! yup, you know it. SEE YA. don't be a fool. buy back when we see sub 4k for the ride of your life. may we see 2k? sure... likely? no. hold your cash. be ready for the opportunity of a lifetime. we only get these every so often. personally, holding all cash until we see that bottom red line on my chart. be careful fools. -toastedcharm
COINBASE:BTCUSDLong
by toastedcharm
1