Bitcoinusdt
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.
#BTCUSDT - BITCOIN - ascending triangle OR rising wedgeWhen bitcoin go up to 198xx. Can breakout , go up to 208xx with rising wedge , or go down to 183xx with ascending triangle
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).
BTCUSD Completing Bullish Butterfly | A good long opportunityThe previous short term idea executed successfully:
Now again on short-term 4-hour chart, the price action of Bitcoin is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below:
Potential reversal or buying zone: $17366.39 to $17013.31
Sell or Fibonacci projection zone: $17640.40 to $18307.04
Stop Loss:
The potential reversal zone area that is up to $17013.31 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 7.6% and as per the above-mentioned stop loss, the loss possibility is 2.04%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BTCUSD Completing Final Leg Of Bullish BAT For Upto 15.4% moveOn daily chart, the price action of Bitcoin is completing the final leg of BAT pattern. The 25 SMA is holding the price action, once this support will be broken down then the BAT move will be confirmed. There is also 100 simple moving average support below the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $ 17009.80 to $ 16639.88
Fibonacci projection or sell zone: $ 17882.40 to $ 19210.71
Stop Loss:
The potential reversal zone area that is up to $ 16639.88 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 15.4% and as per the above-mentioned stop loss, the loss possibility is 2.2%.
Note: Above idea is for educational purpose only.
Points to growth - will there be? Continuation...I apologize for my stupidity, I was prompted to correct my mistake by a person from the profile of another social network, since we are working in long positions, and here, in the previous position, I published a "short" - I apologize for my inattention.
In addition to this post - see:
We have strong levels:
it is 18650
and 17950.
Going beyond these price boundaries will show you the way to further goals
namely: 18888 - 19270 -19470 -19930.
respectively: the living goals are indicated on the graph.
There are MORE factors to consider.
A mirror level is formed, to which the price can come. namely - 18888
If the price is near this mark for 2 hours, then there will be a 95% update of the peaks.
Erase the volume, look at the indicators and un-trade the pattern that will show you the right path to a profitable position.
If the daily candlestick is above the level of 18888, it means that it absorbs all this fall, this flat and continued growth.
If we stay below this mark for 2 days, then shorts are in priority.
And any entry point in this range will be more profitable short than long.
P.S SEE closely at TF 2-4.
Because, they can make both an inverted Head Shoulders and a descending triangle.
all that will be in the aisles 18150-18650, IT will be Flat
At this time, we are in a long position.
But when it closes, or there will be an incomprehensible situation on the market, it is easier for me to wait out this storm than to catch a minus again!
BTCUSD forming bullish Butterfly | A good long opportunityOn 4-hour chart, the price action of Bitcoin (BTC) is completing the final leg of bullish Butterfly pattern, soon it will be entered in a potential reversal zone. There is also 200 simple moving average support below the PRZ level.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Potential reversal or buying zone: $ 17986 to $ 17538
Fibonacci projection or sell zone: $ 18333 to $ 19187
Stop Loss:
The potential reversal zone area that is up to $17538 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 9.4% and as per the above-mentioned stop loss, the loss possibility is 2.5%.
Note: Above idea is for educational purpose only.
triple top btc\usdtperpDue to the previous Gap in BTC chart, triple top pattern is more probable to be completed.
Possible cases for BTC for the next few daysIf btc breaks it's resistance , we can see the targets mentioned. If the break does not happen we must wait for completion of triangle.
BTC pullback remains to be a minor one so far. Levels to watch.We need to see how this week closes but this pullback looks healthy so far if you're a bull. Most major trend reversals don't happen drastically as market tends to go into some kind of trading range first before deciding on the next move (higher or lower). I think the next weekly bar is key here and I think we should see a small leg up (in the weekly chart at least) before we see a break lower or higher. It will be a surprise to me if we see the next bars continue lower immediately considering how strong the preceding bull trend was.
Watching 16K as support for a near term bull or trading range scenario.
Let's wait and see.
Bitcoin Correction Coming? According to Willy Woo, number of Bitcoin days destroyed is spiking right now which tells us long-term holders are off-loading their bags. This, coupled with the fact we've had two fairly large sell-offs in the last 48hrs seems to suggest there's a lot of indecision right now.
I hope bulls can pull off another surging breakout but I'm getting the feeling that things are overheated right now. I'll be watching to see if prices fall to $18,220 ( top green bar) and close beneath it. This will confirm to me that the short-term trend has reversed.
BITCOIN - WE MAY SEE ONE MORE HIGH AND A QUICK REVERSAL BTC 4HBITCOIN - WE MAY SEE ONE MORE HIGH AND A QUICK REVERSAL - STRONG BEARISH DIVERGENCE IN 4H Chart
Have you ever believed in BTC being valued more than $20,000? What few years ago seems like an impossibility, in the few next weeks can be reality.
From the past we can see that 20EMA on weekly chart is Bitcoin's good friend and it's known as a strong uptrend line.
Based on history, it seems like the price of Bitcoin is going to test $20.000 level for sure as that's the first real resistance area, but will it break it on first try?
Big expectations, many people are waiting for this moment.
A retest of price $20.000 per Bitcoin
Based on history, it looks like Bitcoin will test this ATH and then retrace all the way to 20 EMA resulting in flash crash with over 35% decrease in less than two weeks.
This move will scare a lot of non skilled traders, holders away, but that will be a very bad idea to sell and I will guarantee you, these people will buy back above 20k per BTC!
No matter how much bullish BTC is, a correction to retest 20 EMA is very, very likely to happen so keep that in mind, expect this flash crash some time in future.
After the ATH is broken, still nothing is won as in the history when ATH was tested, it was broken but quickly seen another 35% drop, which can also occur this time.
Overall if you are looking to buy some BTC, please don't invest with one big amount, rather dollar cost average this amount with few smaller orders each day in a week or in similar fashion.
Shortly about indicators.
20 and 50 EMA and 50 and 200 EMA's are in uptrend.
RSI broke recent high, very bullish.
MACD buying volume is still increasing, possibly the top of wave will be located at 20k per btc.
A very exciting times we living in, let's see how it goes after Bitcoin is above $20.000!
One thing I really like, that we don't know the resistance levels above $20.000 which lead into a real bull run!
Is BITCOIN making a bearish bump and run reversal?Looks like BITCOIN ( COINBASE:BTCUSD ) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self.
The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time.
Look at the (Opaque Red Box) for price range.
What is your opinion?
Leave your comment and a Like.
Good luck
What A Fearless Buying (BTC) Is Breaking Out Long Term ChannelHey friends, hope you are well and welcome to the new update on Bitcoin.
Previously we have seen that the priceline of Bitcon formed a very big Gartley and previous month’s candle stick was closed above the $12K that is also the 0.786 Fibonacci projection level of this Gartley. Therefore we were expecting that the priceline now may retest the 0.786 Fib projection level that was previously working as resistance and now will work as support.
In the mean while the priceline of the leading cryptocurrency is also moving within an up channel. Previously we have see that the price action was at the resistance of this channel that was at $14K. The previous candlestick has been closed above this level. Therefore now there are less chances that the price action will retest the support of this channel that is at $12K and also the support of Fibonacci projection as we have discussed above. Now if the correction starts then we may see the priceline to retest the resistance of the channel as support. But incase the retest of resistance as support will be failed then price action may retest the channel’s support at $12K.
Previously I mentioned that if the price action will be at resistance and the MACD, RSI and Stochastic will be turned bearish then a move to the downside up to the support of channel will be confirmed. But we can observe that all these indicators are still bullish even after visiting the overbought zones.
Now if we take a look at fear & greed indicator then 1st warning sign has been appeared. But we need to take care of this indicator with the combination of Stochastic, MACD and RSI if these indicators will also turn bearish then a big correction can be expected.
Conclusion:
The priceline of BTC is still strong bullish and bulls are showing a fearless buying and broke out the channel. However, now we should set the 1st stop loss point at the resistance of the channel that is now working as support and 2nd at the support of channel.
BTCUSD | Beware!!! A Possible Correction Upto 12KHey friends, hope you are well and welcome to the new update on Bitcoin.
As in my previous posts, I have been telling you all the moves of Bitcoin step by step. For example In the month of March 2020 I shared a Gartley move formed by the BTC price action as below:
In above post I told you that the price action may move up to 12K very soon and finally the priceline started a bullish move. Sofar it has produced more than 105% profit rally and crossed up 12K level. Now the previous month’s candlestick has been closed above 12K level and crossed above 0.786 Fibonacci projection of this Shark pattern. Therefore there is a possibility that the price action may retest this 0.786 Fib projection that is almost at 12K
The formation of up-channel:
On the second of Oct, I shared an idea where I told you that the price action has formed an up channel on weekly chart. At that time it was reached at the support of this channel. Therefore I predicted that the priceline may move up to $13500 and that was half of this channel.
When the price action of the leading cryptocurrency moved at the center of this channel then based on more signals I told you that now the price action can move up to the resistance of the channel that is at $14K.
The BTC hits the resistance now:
Now if we take a look at the live weekly chart then price action is at the resistance of this channel and has hit the $14K level as predicted. But if it will be failed to break out the resistance then it can move down to support that is almost at $12K. And this is the same level where we have the 0.786 Fibonacci projection of bullish Gartley pattern that has been formed on the monthly chart.
The indicators and oscillators in long-term charts:
Now If you see the live chart on weekly time period then MACD is strong bullish and Stochastic and RSI are overbought. These are very basic but important indicators there I am looking at these signals. Once they will start turning bearish and the priceline of the King of all cryptocurrencies will be at the resistance then the rally to the downside up to the support of the channel can be confirmed.
Conclusion:
Even though the price action has hit the resistance of the channel but sofar all indicators are strong bullish on long-term charts. Therefore before selling there should be more confirmations required.
