Where will the bitcoin price go? There will be price impuls <BTCHello dear friends.
I decided to write to you right away and congratulate everyone by taking the first take-profit. (910 points / $ in our wallet)
Stop loss - I set it to breakeven.
Now for the warning - look carefully beyond these boundaries of the triangle.
Watch the levels from the previous trading idea.
(I described everything to you)
And also beyond the price range of margin trading on Bitcoin (the price moves 2950 points and takes stop losses from traders)
If the price makes a return and closes my short position, tomorrow I will be looking for an entry point to the position, so be attentive - the chart will show you the way.
Bitcoinusdt
BITCOIN technical price projection - for the next moments
• Technical analysis regarding the price of BITCOIN for the next scenarios, based on daily movement.
• The price of bitcoin is correcting and with it, falling. There may be the graphic formation of a Shoulder-Head-Shoulder, with the price correction keeping falling, obeying the red line A~C and/or there being the price correction until support and return with its predominant upward trend, which we can see on the yellow lines of the Elliott A~E waves.
disclaimer
This is not a recommendation to purchase and/or sale. It is for educational purposes only
Bitcoin spiked in potential reversal zone of bearish BATHey friends, hope you are well and welcome to new update on Bitcoin.
Bearish harmonic Butterfly move:
Three weeks ago, I told you that bitcoin is completing the final leg of bearish Butterfly pattern on the long-term monthly chart. Now finally the price action has rallied upto $24211 and completed this leg. Now there are chances of price reversal because the price action already has spiked in the potential reversal zone of this bit bearish Butterfly pattern.
Previous bullish harmonic Gartley move:
This is quite a similar move that Bitcoin completed in April 2020, but that was bullish Gartley. At that time when the final leg was completed, then I posted an article and video where I said that the price action has entered in potential reversal zone and it can be reversed from here. Eventually, the priceline reversed, and sofar it has rallied more than 255%.
The exponential moving averages:
On the long-term weekly chart, the price action of the leading cryptocurrency is at the high distance from the exponential moving averages with the time period of 10 and 21, therefore, if the correction rally will be started then we can expect a move upto exponential moving average 21 that is at $15250 at the time of writing.
Bearish divergence on the daily chart:
If we switch to the daily time period chart, then it can be observed that the price action is forming higher highs, but the RSI is moving in opposite direction sliding down and stochastic is in a sideways trend. But if we switch to the smaller time period charts like in hourly, 4 hourly and 12 hourly, then the RSI stochastic and price action of Bitcoin altogether are in uptrend. So, on the daily chart, we have received a weak signal for bearish divergence, but once this bearish divergence signal will be reflected on the smaller time period charts as well, then we can be confirmed that a down trend can be started.
Fractal resistance and supports:
If we place the zigzag indicator on the daily time frame chart, then it can be clearly observed that from 2nd Oct to 26 Nov, the Zigzag indicator was ignoring all up and down moves and not showing any pattern, this shows the power of bulls. Now finally, after 1st Dec the Zigzag is showing the correction move. It can be an indication that now soon we will have a sideways move or a start of down trend. Here we can also watch the fractals, like previously from 26 Nov to 11 Dec we had bearish reversal fractal resistance at $19900 and the price action broke out that resistance and started the next rally. Now if the price action will form bearish and bullish reversal fractals then we should observe, whether the price action breaks the resistance or support, if the support will be broken down then a rally to the down side can be confirmed.
Conclusion :
At the moment the bulls are in power and we have received very weak bearish signals. But the price action has also entered in potential reversal zone of Butterfly pattern, therefore a bearish reversal from here is very much possible.
Descending triangle on an uptrend BTC/USDTDear friends, I would also like to inform you about such a triangle, which is often broken on a scourgeous "uptrend" and drives the price up,
Don't forget this.
You need to be extremely careful and watch how the price reacts to these levels.
If we again reach the level of 27300 - and it becomes harder behind this price mark - open a long position after confirming this level.
If the level 26750-26600 is broken with confirmation, open short, before the targets indicated on the chart.
BTCUSD broke out resistance, $25500 can be next targetHey friends, hope you are well and welcome to new update on Bitcoin.
Head and Shoulder pattern and resistance:
Previously we have seen that on a 4-hour chart the price action of Bitcoin formed a head and shoulder pattern and found resistance at $24200. Now the BTC has broken out this resistance.
Fractal resistance is broken out:
On the daily chart, after breaking out from a wedge pattern, the price action of the leading cryptocurrency found fractal resistance at $24100, that is also broken out.
Pennant is broken out:
On the hourly chart, the price action of BTC formed a pennant, and now finally, the resistance of the pennant is also broken out. Now, if we take the measurement from the tail of the triangle to the support, then the target can be $25500.
Big butterfly move:
However, on the bigger time frame on the monthly chart, the price action has formed a big bearish Butterfly and entered in potential reversal zone and from here it can start moving down at any time:
The EMAs can be re-tested:
If in the long-term the priceline will start a rally to the downside, then 1st it can re-test the $20K level, this is also previous fractal resistance and now working as support. Incase the priceline will cross down the $20K then 1st it can re-test the EMA 10 and then EMA 21, the exponential moving average 21 is at $15750 at the time of writing.
Conclusion:
On mid-term and short term, we can expect rally to the upside, however, on the long-term, the priceline can start correction soon.
BTCUSD, bearish factors are still thereHey friends, hope you are well, and welcome to new update on Bitcoin.
Channel is broken down:
On hourly chart, the price action was moving in an up channel and now finally, it has broken down the support of this channel.
Head & Shoulder formation:
On a 4hour-chart, the priceline of Bitcoin formed a Head &Shoulder pattern and bounced from the neckline of this H & S pattern. If the neckline would be broken down then the price action of the leading cryptocurrency may reach the $20K level. There are also 50, 100 and 200 simple moving averages supports below the head and shoulder pattern.
An expected re-test of EMAs:
On long-term weekly chart, the price action of Bitcoin did not re-test the exponential moving averages 10 and 21. If the priceline on the 4-hr chart breaks down the neckline of Head & Shoulder formation then it can move further more down to re-test these exponential moving averages on the weekly chart.
Fractals:
On daily chart, after breaking out the fractal resistance the priceline is likely to form different bearish reversal and bullish reversal fractals. Once the priceline will break out the resistance then a further more rally to the upside is expected otherwise it can move down to re-test $20K
Big bearish Butterfly:
On monthly chart, the price action of king of all cryptocurrencies has already completed the bearish Butterfly move and spiked in potential reversal zone, therefore a drop from this PRZ level is possible at any time:
Conclusion:
We need the closing above $24200, that is the resistance of head and shoulder on 4hour chart and the fractal resistance as well, otherwise a rally to the down side can be expected
BTC the $300,000 RunThe Original, Bitcoin $300k Call long close December/January 2021/2022
Bitcoin progressing at 22 degree slope upwards with diagonal confluences as support.
Trend bottomed after the first 14K top in downtrend from 2017 high. Finish time fib 13 with price at top diagonal confluence, confluence line with top confluence and fib time zone 21.
$300,000 Take Profit.
Stop Loss: Bitcoin breaks below the lowest diagonal confluence trendline and doesn't recover
Some Fundamental Analysis: Bitcoin gets harder to mine everyday
I like bitcoin.
Not financial advice only my personal trade idea
I open a new position and wait for an impulse BTC/USDTHello dear traders.
The price is above the level of 23850 - it will talk about the continuation of the upward trend, to the levels and targets of CME.
But
Today, I made a decision for myself to open a short position, a large short position, in order to update such values as - 22900-22500-22000-21500.
I expect a strong downward impulse.
I open a short
Sell 23610
Targets: 22900-22500-22000-21500
Stop loss 24100
I may be wrong, but I follow my trading, my system, my vision, and my risk and money management.
I do not trade futures, I do not trade with 10-100 leverage ... and I follow my trading system.
Yes, many may disagree, but for some reason I really want to open this position today.
May to be big profit come with us))))
I am not asking anyone to follow my choice. But if you decide, then trade using the system and observe risk management and money management.
Do not trade with a margin higher than x5.
Although I have good indicators in trading, I am also mistaken.
BTCUSD Completing Final Leg Of Bearish ButterflyHey friends hope you are well, and welcome to the new update on Bitcoin.
The SMAs and alligator’s mouth formation:
From daily to long-term charts, the price action of BTC is showing no chance for crash or long term-correction rally so far. On daily chart the priceline is moving above 25, 50, 100, and , 200 simple moving averages and using 25 SMA as support before next rally. The all four SMAs have formed an alligator’s opened mouth, unless this mouth will be not closed the long-term rally will be continued.
The difference between 2017 and current rally:
The major difference between the previous rally of 2017 and the current one is the Ichimoku cloud on long-term weekly chart. In 2017 rally it was not as that much strong bullish as this time. Therefore while in correction rally previously it was easily broken down, but this time if the correction rally will be started then this cloud will be difficult to break down.
A big Butterfly move can lead priceline to $30K
Now if we switch to the monthly chart, then the priceline of the leading cryptocurrency is completing final leg of bearish butterfly. For the continuation of this pattern we needed a closing above $17200 in previous monthly chart and the previous month’s candlestick is already closed above $19000 levels. Now we can expect that this final leg will be completed. As per Fibonacci sequence the potential reversal zone is as below:
Potential reversal zone: $24132 to $29892
It means that the price action can move upto almost $30K then we can expect a log-term correcton rally between 0.382 to 0.786 Fibonacci levels that can be $20K to $8.5K.
Conclusion:
After all confirmations, we can expect that in near future there can be some small or mid-term corrections but long-term correction can be started after $24K.
Strong levels,w-top,FLAT-trading scenario. BTC/USDTHello traders.
The previous idea will work out 100%
If you are good at trading, you can see how this happens.
I removed all the unnecessary on the grack, so I was guided by all my tips, and waited where the price would go.
All my entries, I published in the public domain, and all 4 positions, short, short, long, and short - brought good profit.
So far, I am out of position, as I am waiting for the level 18500-18650 to show itself.
If you see a close above this level - then definitely a log - up to 18888-19230
If the kickback and creep are below 18350 - short.
I still expect that the price will be driven up to form the "Head and Shoulders" - this is the same, I described in my previous idea. But if this does not happen, then I will again continue to work in a flat range - 18650 - 17666.
Bitcoin Early Reversal About to Start (BTC/USD)Clear reaction at the 0.618 Fibonacci level on the 4-hour chart + a bullish divergence on the RSI against the price action (red lines + white arrows). This one is much stronger than the divergence we saw at the Nov 26-27 bottom that led to a 19%+ rise (yellow lines + white arrows).
Even though we're now inside the CME gap I think we will see a resurgence back to the key $18,800 S/R level in the short-term (top green bar).