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BTC Bitcoin - Target For UpsideHello friends, today you can review the technical analysis on the 1M (monthly) log scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day chart. #CryptoPickk noted in the chart: 1) The price has been in a Parallel Channel since early 2013 with the price being supported on the bottom and top trendlines. 2) The Median Line of the Parallel Channel is extremely important as it has helped determine when a Bear Market has come for Bitcoin up until now. 3) The current price range is at a critical level as it was in September 2017 when the price broke below the Median Line but regained momentum and within a few months it reached an all time high with a blow off top around $19K-$20K. 4) Similarly if the current price can get back above the Median Line, there may be a potential for a Parabolic Run to the top of the channel at around $275K. 5) The targets were determined using a Fibonacci Extension tool showing the price in 2017 reached the all time high between the 4-4.618 Fibonacci level. Assuming this may happen again, the 4-4.618 Fibonacci level is around $275K range. It may be higher or lower a bit but around that price. 6) The chart and analysis is based on historical data trends and the price of Bitcoin does not need to follow that. It is extremely important to keep a close eye on the Median Line over the next few months. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
10
Bitcoin fresh reversalHello Everyone, Finally, BTC has made a move. Bitcoin has broken the falling wedge. This is a bullish sign with a target of the pattern 52k minimum. To make it simple, we have finally broken the bearish structures of the lower high, and we are now forming the first higher high after a month of bearishness. This is positive. However, the perfect sign will be for bitcoin to form a higher low in the short term creating a bullish uptrend structure. Considering the wedge, when the price breaks a pattern, it is usually the start of the first wave of a minor degree which will start the new impulsive wave. Hence I have highlighted my expectations with BTC reaching 60k before falling again back to 52k, forming a higher low of intermediate degree. Now, I plan to catch the move with the first retracement at 47800, laddering in the alts I was left behind. This also always comes with risk so I will set a stop loss. As I won't be entering with leverage, I will live the Stop loss a bit lose looking at around 45k. If that level is lost and this push comes short, it is a clear indication that the bears are in control. Please have a great Xmas everyone, looks like CryptoSanta is about to bring us some nice presents. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
13
Christmas HopiumI will be the first to admit I have missed some expected targets on the year so far. Many of us have. I like many of you am shocked to see us here at these Bitcoin levels approaching year end. Is all lost? No-Bitcoin continues to reward those who are patient. To all those who follow the Shark, Merry Christmas! We are right there on this Falling Wedge. I'm looking for a pop back to 53K that is the level where Bulls can get some momentum going. Let's look for this Christmas move we all want. Best to each of you. Remember ALL GREAT SUCCESSES ARE THE TRIUMPH OF PERSISTENCE. BRONSON-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
3
Bitcoin Analysis 19.12.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
by basictradingtv
11
BTC Real PictureHello Everyone, Since the video 2 days ago, BTC has suffered a small down move to 45500. In this clean chart, I present you with the accurate BTC picture at the moment. Bitcoin it is currently trading above a list of many strong support. (200day VWMA, 52 week VWMA, VWAP) This suggests that BTC is at a fair price, with the mean price set between 45 and 47k. This one provides an excellent RR for bulls. However, a clean break, open and close below the 45-47 k level, will likely result in a significant downturn. The signal for a safe entry will be a clear bullish reaction on this support with a break above the 52k. I will likely wait for an open and close above the 52k before re-entering with conviction. Nevertheless, I will open a small position with every touch of support, and I will increase them if we see a strong green body candle with volume backing the move. Remember to be safe. Protect your capital with Stop Losses and always enter with a clear plan, not emotions. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
Is Bitcoin in a small accumulation range? Wait for testingWyckoff Analysis in Crypto trading Volume is low now. I'm waiting to see price testing lower zone. Do you like this BTCUSD trading idea? If you find the article useful and interesting, Please leave a comment or engage to see more posts ! ------------------------------------------ 🔰 Attention about this analysis This is my personal idea and analysis only. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
by UnknownUnicorn31399052