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Bitcoinusdt

A Possible BEARISH SHARK Pattern in BITCOINHey all! BTC/USDT pair has previously formed a bullish SHARK pattern on the 4-hour chart. We got an initial reaction. Then, the reversal seemed to fail, but it didn't and we saw a strong bounce upward. NOW, Bitcoin seems forming a possible BEARISH SHARK pattern on the 4-hour chart. $10,800 - $11,000 zone is the POTENTIAL REVERSAL ZONE (PRZ). It should be watched very carefully. If pattern forms, the first price target for Bitcoin is $10,500 level. This is a very critical support in general. If we break this level, there is a possibility of a vague BEARISH Head-and-Shoulders pattern formation to be watched. If it forms and there is a more downside to come. Honestly, it complements my other Bitcoin analysis in which I predict an initial price drop to $9,150 level. But, be careful! The bearish shark pattern hasn't formed yet. Appreciate constructive feedback! Have a great weekend!
Short
by TableLamp
4
200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC A recent article stated that Bitcoin will never drop below its' 200 Week MA near 6700 ever again . I disagree . WE have clearly dropped below it in March . We wicked quite a bit below it . Down to that purple lower trendline .I believe we will wick down there again - it is certainly possible and that would take us to approximately 5xxx or 4xxx or possibly lower but probably not until 2021 as Bitcoin is still bullish for the moment . You can see that important 200 Week MA in blue on my chart with the blue arrow pointing at it , and it's sitting near 6700 now . I have to disagree with people who say this will hold in the future as we can always wick below ( and recover quickly . ) I think we will wick below the 200 Week MA and go down to that lower trendline which you see on my chart in purple with a purple arrow pointing at it . A wick down there could happen in 2021 imo .
by shimmeringpath
The priceline is having very nice bounce to hit $11K soonHey, friends hope you are well and welcome to the new update on Bitcoin. In my previous article we have seen that after the completion of Head & Shoulder pattern the price action of BTC broke down the neckline of the Head and Shoulder and moved more down. Then the priceline of leading cryptocurrency stopped at 100 simple moving average and consolidated above this support. The candlesticks of Bitcoin chart also spiked up to the pivot first support that is at $9900. Different indicators and oscillators: Now I would like to again show you the different indicators and the oscillators on the daily chart. As we have already discussed that the price action is having a very nice bounce from the 100 simple moving average. Now if we watch the moving average convergence divergence (MACD) indicator then it is still turning bullish and the momentum indicator showing that the momentum is getting changed from bearish to bullish and if we take a look at the stochastic oscillator then it has given bull cross from the oversold zone. Different support and resistance levels: Now if we take a look at the different support and resistance levels on the daily chart then it can be observed that the price action has successfully re-tested the $10,000 support level that was previously working as a resistance before August 2020. Now there are a strong chances that the price action will try to break out the $11000 resistance. If we take a closer look at the daily chart then the priceline has another hurdle between $11000 and $12000 resistance levels and that is the 50 simple moving average. At the time of writing this resistance is at $11250. Therefore we can expect a rapid move upto this resistance. Conclusion: As after the consolidation phase the priceline of the king of all cryptocurrencies is having very nice bounce from the different moving averages on the daily and on the long-term charts and all the indicators on the daily chart are turning bullish. This is a very clear confirmation that the price action may try to breach the next resistance at $11,000 very soon. However, the further move to the upside depends on the indicators on the daily chart if they will be continuously turning bullish then price action of BTC will be moved more up.
BITSTAMP:BTCUSDLong
by moon333
5
BTCUSDT buy or sell??as you see in this analysis BTC is in a bullish trend and it stuck in a bullish triangle. so what we expect from BTC is to break the triangle, pullback and continue till about 14000. where it is a strong weekly resistance. but if it didn't break the triangle to the top and some bearish candles occurred, kijun-sen will rise while price goes down. so the price will break the kijun-sen and it becomes a resistance. so if you have BTC wait for the breaks and put your stop loss right below the weekly support. and if you want to enter it, wait for the bulls to break the triangle to top and put your TP about 14000USDT.
by sab081
Bitcoin still in Uptrend!Hey, I am back with another Idea, this time looking at Bitcoin chart. Bitcoin has been showing strong bull moves lately, but the current question is, was $12,000 the top? If the price can stay in the uptrend, I think there may be new high, but when the price breaks down uptrend, drops below $11,000 and the RSI will fall below 40. Bitcoin will go down or sideways for a while. If the scenario is sideways, I recommend to live the alt season. Good luck with trading!
by TiborVrbovsky
1
Don’t Think About Bull Run Unless These Signals Won’t AppearHey friend hope you are well and welcome to the new update on Bitcoin. In my previous post we have seen the Bitcoin formed a bullish cypher pattern and started a powerful bullish move from the potential reversal zone of the cypher and reached even beyond $11,000 levels. The wedge has been broken out: The price action of the leading cryptocurrency was moving in a wedge since first week of May 2020. After reaching at the support on 27 June the priceline moved up to the resistance. In the meanwhile we have received two significant bullish signals by the moon phases indicator and the volume profile as well. The new full moon was appeared at high altitude above the resistance of the wedge. That was a clear signal that the price action of BTC can reach up to this level. The volume profile was showing very weak interest of the traders even above the support of this wedge pattern. The point of control of volume profile was moved above the resistance that was another signal for the breakout. The price action has spiked beyond 11K with powerful buying volume: The price action has finally broken out the $10,000 resistance level and even spiked beyond $11,000. If we see the volume indicator then there is a continuity of buying volume especially on 27th of July. If we watch the volume oscillator indicator (that shows the power of volume) then the power of buying volume was up with powerful value of 39. Now I would like to draw your attention towards two significant signals. If they won’t appear then we cannot confirm that the Bitcoin bull run has finally begun. As we have already seen that the price action is moving in a big symmetrical triangle that was started back in 2017 and the resistance of this triangle has become a very powerful rejection line. Whenever the price action reached at this resistance level It has been strongly rejected. At this time the price action is crossing up this powerful rejection line. But so far we don't have even a single candlestick that is completely closed above this resistance level. Therefore to confirm the bull run we need the closing above this resistance level on the weekly chart. The second signal is that the bull cross between the 25 and 50 simple moving averages is still due. As we can see we have the 50 simple moving average above all then 25 then 100 and then 200 below all other simple moving averages. Once the 25 simple moving average will cross up the 50 SMA then a complete opened alligator mouth by the simple moving averages will be formed like it was formed back in 2017. When the price action started a parabolic bullish move that was more than 3000%. Therefore once a complete alligator mouth will be formed same as like back in 2017 then we can expect that the will be started and then the priceline will again move up in a parabolic way on the long term. Conclusion: After breaking out the wedge pattern on the daily chart so far the price action did not start any correction rally. Therefore, there are chances that if the buying volume will be decreased then the price action of BTC may re-test the previous resistance as a support or at least it will use the $10,000 resistance level as support and then start the next rally. However if the buying volume will continue to increase then we can expect that the Bitcoin will not stop and also won’t start any correction rally and it will also break out the symmetrical triangle on the weekly chart in very obvious way by closing above the resistance level.
BITSTAMP:BTCUSD
by moon333
4
Will Bitcoin be able to breakout this strongest resistance???Hi friends hope you are well and welcome to the new update on Bitcoin. As in my previous posts, I've been sharing the different harmonic moves of Bitcoin’s price action and I've been telling you that the Bitcoin will be moved up from the potential reversal zones of these harmonic patterns. Last time I shared an expected bullish Cypher pattern with you. Because at that time the final leg of Cypher was not finalized but as all legs were driven perfectly as required for the bullish Cypher pattern, therefore, I predicted that the priceline of BTC will be moved more as per the Fibonacci sequence of Cypher and it will take another bullish divergence from the potential reversal zone of this harmonic pattern and it can hit the $10,000 resistance level. The wedge has been broken out: Since the first week of May 2020 the price action of Bitcoin was moving in a wedge pattern. I've also placed the volume profile indicator on the complete price action moving in this pattern that is showing very weak interest of the traders above the support. The point of control of the volume profile was also moved above the resistance of wedge. If we watch the moon phase indicator then the new full moon has appeared at high altitude at a big distance above the resistance. Therefore all these signals were in favor of breakout and finally, the priceline followed the signals and broke out the resistance of the wedge. The price action is trying to break 10K resistance: In the last week of June 2020, the price action bounced from the resistance of $8800. Then it started its new move within the price range from $9000 to $9500. Finally, the buying volume increased and the price action first broke out the $9500 resistance and at this time the World’s leading cryptocurrency is trying to break out the 10K resistance. This is a very strong resistance for the price action of Bitcoin as the BTC never able to break out this resistance since after this level was broken down in September 2019. Now I would like to again recall a very big symmetrical triangle that has been formed on the weekly chart. This is the multi-years based symmetrical triangle that was started in 2017. The resistance of this triangle is very strong rejection line for the price line of BTC. If we take a look at the chart then it can be easily observed that the price action of Bitcoin is making a powerful attermpt to break out this rejection line. A big bullish Gartley pattern: At the end of this post, I would like to draw your attention to a very big bullish Gartley pattern. That is formed on the monthly chart by the Bitcoin. I published this pattern back in April 2020 and the price has started a powerful bullish divergence from the potential reversal zone of this Gartley move. Every candlestick is closing above the shoulder of the previous candlestick. If this bullish sequence will be continued that we can expect that soon it will lead the price action of BTC to achieve the higher than the previous highest price ever in the history of the Bitcoin. Conclusion: From short to long-term all indicators are bullish but this is a fact that the Bitcoin is struggling at the resistance of $10,000 and also at the resistance level of a symmetrical triangle that is the strongest rejection line in the history of the Bitcoin as well. Therefore, if the price action will be failed to break out these resistance levels then we can expect another rally to the downside at previous support of $9500.
BITSTAMP:BTCUSD
by moon333
1
BTCUSDT 4 hhi my dear traders As you see its after 2 year that Ethereum price is going to up , after CVID19 event that every assets was falling down in few hours! the king of crypto (BTC) could took back the prices he already deserved ! ooh I definitely I do not want to create any misunderstand, even the Growth of bitcoin will make me so happy , i believe #BTC price will climb To above of 15000$ at 2020year ! but let see this chart in the case worse at reality: 1 ) The bulls have succeeded only touch a little Shadow in 10.100.000$ thats actually nothing! 2 ) you can see the (hanging-man)(pattern) At the bearish trend line In the range 9975$ that could falling back to about 9400$ for every bitcoin as soon as possible. also bolinger indicator will shows us the prices is above very top and will probably would try to get closer to the SMA ( red middle band) 3) in other hand (RSI oscillator) shows us 86.0 number this stock is very very bought right now (in time 4H frame) and maybe take few days for complete new correction , maybe in those few days we have cahnce for new buy position. i will repeated maybe or not! note: second senario: if bulls can hold #BTC price above 9300$ we can still hope to will breake seriously (Resistanse 10500 ~ 10900) ! atention : its just my openion from price chart of BTC/USDT market, so pls dont not trade withoud any self researchs. thank you so much #hamed_mirzaie #bitcoin
by hamedmirzaie
Bitcoin Roadmap to Financial Freedom BYBIT:BTCUSD After further analysis and zooming out a bit, this is how I see Bitcoin PA playing out for the foreseeable future on the 1W chart. Initially I thought we were following a path to a more rapid selloff, but this consolidation looks a lot like what we saw Jun 19' - Sep 19', even with the timeline almost aligning to the month. Horizontal resistance at $9.5k has proven to be the top many times, and this time doesn't look to be any different. I see us running down to $7.1k, consolidating sideways for a bit, then breaking the $9.5k resistance sometime in September. After that, we look to break $10.6k with a run at $11.5k before breaking back down again. We are a lot farther away from ATH's than most think and my bags are loaded for another big trip south. Ignore the noise and follow the chart, I will lead you "past go". - PennyBag
BYBIT:BTCUSD.PShort
by PennyBagsCapital
5