Bitcoin Medium Term Outlook (Mid Feb to Mid April 2021)The price has been beautifully sewing up and down the uptrend line. The coming moves have been forecasted using extrapolation data from the previous three oscillations around the trend line. Based on the analysis I am expecting the price to retrace to 128 daily ma in early and hopefully get support and bounce of the moving average.
Bitcointrend
BTC/USDT - 1 TRILLION $ Hello dear friends.
I want to congratulate each of you, as we are the first of those who see the history of cryptocurrencies.
Bitcoin has reached $ 1 trillion, and the price continues to rise, according to my analysis.
Congratulations to all on a good profit.
Although, there was a moment when I was wrong.
We look forward to continued growth, stop loss at breakeven.
You can find more profitable analyzes and analyzes on my channel, link in Bio
How High will BTC reach? How long this Bull-Market will go for?How long this Bitcoin Bull-run will keep on going for? Couple of days, weeks, months?
How high will Bitcoin reach on this Bull-run? 60k, 95k, 140k?
Well, this is a chart with some good data for the Brain. Put the emotions on the side and try to answer the questions above!
And ya, I do not know.. Just good to look at the MACRO levels in such a market and following the trend till the end!!!
Chart legend:
Annotation:
Blue Flag: Weekly closed on ATH
Green Price Label: New ATH
Lines:
Yellow Vertical Line: Bitcoin Halving
Blue Vertical Line: Weekly closed on ATH
Green Vertical Line: New ATH
Ranges:
Green Date Range: ATH Weekly close –to– New ATH (Bull Run)
Red Date Range: ATH –to– Weekly close on New ATH (Bear/ correction/ consolidation/ accumulation/…)
Yellow Date Range: Halving –to– New ATH
Blue Price Ranges: from weekly close on ATH –to– New ATH (Bull run %)
Fib: ATH –to– Higher low (ATH to Lowest price in each Red cycle)
BITCOIN FALSE DOUBLE TOP CONFIRTMATION?!Bitcoin make double top in timeframe 45 and some other tf. and its not yet confirm if the price will going down because there is a false break from 2 bar ahead.
There is 2 strategy will i show by my analyst.
1. the price only make little correction and continue to go down if the price hit support line or lowest price from false break candle.
2. the price will bouncing in the area between support and resistance
yeah, that is my forecast and strategy where the price go and there's many unexpected event like the price will going high/down immediately because of sentiment or other correlation thing.
share your analyst/suggestion down below so we can discuss more about this crypto 😍.
Bitcoin - will the new ATH? (Be carreful) BTC/USDTHello dear friends, I will not write much, because now there is no sense to describe what is already visible on the chart. I just want to warn you about the possibility - a double top.
But since our previous plan is working out, while we are working on the situation.
My yesterday's scenario of a fall did not work, as I expected, yes, of course we took 950 points/$ of profit, but I misjudged the situation then.
P.S We could have made more.
All description in comments.
Bitcoin - 3 months open trade: profit - 12385p/$ - loss 13950p/$Hello dear friends.
Today I, together with other participants who trade with me on private trading ideas, summed up the total for 3 months.
Every trading day, every position, and the loss recorded in my e-diary. (For everyone who wants to see this - write to me in messages) I will send you all the information from this.
Second, today in a private trading idea, we opened a long position from 32000. And Ilon MASK helped us with this. It NOT ONLY launches rockets in space well, but also launches a Bitcoin rocket.
But We work within the day, and yes, yesterday for 9 open trade deals, we got a small minus.
I very well analyzed the situation with bitcoin yesterday, but I was afraid that you would not lose - but we went to breakeven, as the previous long overcame the loss.
Today I decided to suspend open trading, because during all this time, you could be convinced that we earn more than we lose.
Every position, every my entrance, analysis of the situation - All this happened before your eyes.
Today is the last day of open trading, because other traders who trade with me in private ideas have made a riot on the ship. (after all, I began to provide more information in the public domain)
Therefore, if you want to follow me further, write to me in private messages. I will give you all the information there.
Watch the levels, trade wisely, now I have nothing to add, since all my previous analyzes (except for shorts) are worked out in the right way.
All targets are reached one by one, and I think the time of great Volatility has come - be careful.
Bitcoin - Big profit in long positions - achieved. BTC/USDT Let's do an open trade marathon ???
Write in the comments if you want to see the marathon of open deals that I will conduct.
Exact entry, target and stop loss?
Hello dear friends
I want to congratulate each of you who made the decision to follow me again.
We have reached 3 targets, which were our priority.
I would like to inform you, right away that the traders who trade with me in private ideas and I tried to open a short position.
It was dangerous - and yes, it did not justify itself , since after the price returned to our level, a candlestick was formed - Hammer at 1h TF (which indicates the continuation of the trend)
Having made a reverse position with an increased lot, we again collect a profitable fruit, and the expectation of a breakdown of 40,000 as well as reaching our goal of 40,900 - let's take a look.
Bitcoin analysis using Trend Buy and Sell (TBS) IndicatorTBS indicator signaled buy at price of $9,153 the week of 8 Jun 2020 after getting into the bull phase by crossing over 50 weekly ma and holding 21 weekly ma. On the week of 16 Nov 2020 Bitcoin signaled sell at the price of $17,724. That is 93% profit trade without cherry picking the bottoms and tops. Based on the indicator I am expecting a pull back in next 2 to 4 weeks into the buy band and then continue higher.
A brief description of TB is given below.
TBS identifies trend based on price cross-over/cross-under to a moving average. Confirmed Up-trend is displayed in green and Down-trend in red backgrounds. Before a trend is confirmed price cross-over is displayed in blue and cross-under in orange backgrounds. Once an uptrend is confirmed, TBS suggest buys based on touch downs to a Support moving average by a green arrow under the candle . A sell is suggested by TBS by a red arrow on top of the candle when the price reaches a certain percentage above support moving average. Motivation and Tolerance levels are provided to fine tune buying and selling signals.
Example: Default settings for BTC Weekly charts are Trend Moving Average = 50, Support Moving Average = 21, Motivation Buy = 10, Tolerance Buy = 5, Motivation Sell = 50 and Tolerance Sell = 90. That means in uptrend identified by green background every time the closing price touches 10% higher than 21 week moving average value TBS suggests buy, so a trader can choose to buy 80% of intended position at this level. If the price continues to drop down and touches 5% below 21 week moving average, a trader may choose to buy another 20% at this level. In the likely scenarios of price hike from here a trader may choose to sell 80% at the Motivation Sell level 50% higher than 21 week moving average. If the price reaches Tolerance Sell level at 90% higher than 21 week moving average a trader may choose to sell remaining 20% of the position.
Note 1: TBS suggest Buys and sells but the execution of buy and sell is up to trader's discretion for example using Stop Buy order or Limit Buy order etc.
Note 2: TBS is designed to be a medium to long term indicator for example weekly and monthly timescales. Traders might find it useful on shorter term time-frames but its not designed for short term time frame in mind.
Note 3: Most of the parameters in TBS indicator are configurable as Trend Moving Average and Support Moving Average vary significantly across assets. Default parameters are set for Bitcoin Weekly time frame. Traders should play around with parameters to find best fit for Trend Moving Average and Support Moving Average for the asset of interest. For example TBS is very relevant and useful for Gold Weekly time frame with Trend Moving Average = 100, Support Moving Average = 30, Motivation Buy = 1, Tolerance Buy = 0, Motivation Sell = 11 and Tolerance Sell = 20.
Warning Indicator To Avoid Over TradingOne sensible way to avoid over trading on a low time-frame is to look at Heiken Ashi. If you can not observe clean and tidy trends with your preferred risk/reward ratio including take profit targets and stop loss positions, why trade? Look for trading zone breakout opportunities and be patient, remain calm, don't over trade.
LTCBTC Monthly falling wedge LTCBTC is in a possible monthly falling wedge, we need to look at the wedge support to see if it will hold another push down. Looking forward to migrating my BTC hold positions back to Litecoin. We have one last support at 0.0052 than no more support on the monthly timeframe, if we lose, litecoin will be in trouble.
SHORT-CORRECTIVE WAVES COMPLEX I trace the trends movements with Elliott Waves. I think that this is not a trend reversal but it is a Corrective waves (Into a complex Bear Pennant). The pole flag it is rappresented from the last intensive moviment of the recent downtrend. I think that the price will go down around 6,2-6,7k USD.
This analysis is a continuation of the previous ones
Bitcoin is in Wave CHi Guys,
I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well.
Now based on my analysis and market scenario I can say the drop from $19667 to $3156 was wave A of correction and that Wave B from $3156 to $13970 we have seen a very fast recovery from $3156 to $13970 (Usually Wave B shows this kind of Fast Recovery).
And Now BTC is in Wave C where Bitcoin is ready to make a fresh low in next couple of months. As per my research Wave C usually Comes near to BTC halving you can see chart (1st halving - 2012, 2nd Halving 2016, 3rd Halving May 2020). Wave C always make a fresh low (it can go down by $1-$2 from its previous low $3156 , but it will make a fresh low).
At present I am waiting for the right levels somewhere around $7935 to take a short position in BTC and will hold it below previous low $3156.
As per my expectation recently Monthly 100 Moving Average is also started which is near $2750 in coming months we can we it around $2900 - $3000 level, market may test that level and try to consolidate near that.
I HOPE BITCOIN WILL GO TO MOON SOON
Regards,
Crypto Money Mantra
Bitcoin: It's not gonna make it, is it?This quick idea is intended to illustrate what is happening to Bitcoin and how final it is.
Let's take a look at the development of the Bitcoin / Gold ratio over the last five years.
The thick black line was always the last support.
On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance.
Thereafter, on 20th March, the price still tried to overcome the new resistance and was rejected.
From now on it will go down for a very long time and very deeply.
A "hodl" strategy makes no sense at all under these circumstances, unless you are willing to wait many years and want to risk losing everything in the end.
With regard to Bitcoin's long-term prospects, it is particularly important to monitor the further course of the thick black line.
If, as it looks at the moment, it bends and starts to go down, then the Bitcoin dream is over.
The line will bend if the price of Bitcoin remains permanently below it and cannot break out beyond it.
Take care & stay healthy!