Get started

Bitcoinusdt

Bitcoin a next bullish wave is expectedHey friends hope you are well and welcome the new update on Bitcoin. The priceline of Bitcoin is moving in an up channel and now finally turned bullish after hitting support of the channel: After using 100 simple moving average support the priceline turned bullish and broke out the $11K to $11150 resistance level. Now the $11000 to $11150 is working as a very strong support area for the price action. In the meanwhile the priceline of BTC has also found a firm support of an up trendline. On the short term hourly chart the priceline has found a very firm down trendline support and above this support the price action of BTC is forming different harmonic moves. First the price action formed bullish Shark pattern then a bullish BAT move and after taking bullish divergence from the potential reversal zone of BAT the price action has formed another bullish BAT. Therefore we can expect another move to the up side. This move can even trigger the bullish move on the daily chart as well. Conclusion: The priceline of the leading cryptocurrency has very strong supports from the short term hourly chart to daily and weekly charts as well. And the continuation of the different harmonic moves are also indicating some big move soon. Therefore we can expect a move at least up to the half of the channel that is at $12K. But if the price action will hit the resistance then it can go up to $13500. However the support of the channel that has been formed on weekly chart is now market structure for BTC. Therefore we should keep an eye on this support and use it as our stop loss. Because if this support will be broken down then the priceline can completely turned in to down trend.
BITSTAMP:BTCUSDLong
by moon333
BTCUSD formed bullish BAT | A good long opportunityFormation of BAT pattern: On a short term 1-hour chart, the price action of Bitcoin has formed bullish harmonic BAT pattern and entered in potential reversal zone. Before this the priceline also has formed a Bullish Shark and BAT patterns. The price action of leading cryptocurrency also has good support of a trend line. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $11329.36 to $11292.59 Sell between: $11419 to $11553.52 Stop Loss: The potential reversal zone area that is up to $11292.59 or the trend line support can be used as stop loss in case of complete candle stick closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 2.3% and as per above mentioned stop loss, the loss possibility is 0.32%.
BITSTAMP:BTCUSDLong
by moon333
TRADING TOOLSRegardless of what type of market analysis a trader uses, there is a set of tools needed in order to do the job effectively. Traders cannot do everything themselves and need certain tools to carry out particular functions to get them through the day. Not having them could mean failure. Obvious basic tools are a computer, phone or tablet, additional monitors, internet access, a charting package, technical analysis tools and an execution platform. Less obvious perhaps are a checklist, a cheat sheet, a trading journal, a stock screener, a calendar, a currency correlation tool, specific reports, a market hours timetable, a news squawk, a handy tool to calculate pivot points or an optimal position size calculator. Whether they are charting tools, or news gathering tools, whether they are high-tech tools or low-tech tools, whether you find them online or offline, serious traders rely on various must-have tools to support them. Selecting the right ones is crucial for smooth and efficient trading.
by CryptoTradeWorldLTD
3
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