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BITCOIN BUY | Potential Upsides | LONGBTC is about to fly soon. Market is moving above supporting area as market has already rejected this low position multiple times. now from this position BTC will go upward and fly. BITCOIN is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity BTC I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
COINBASE:BTCUSDLong
by TheGrove
1
Bitcoin - Unleash the bears!While I anticipate a fairly brief 'relief' rally, possibly up towards 44.6k, there can be little doubt that BTC looks set for yet further correction from it’s 2020 – 2021 charge The weekly moving averages of significance (50 & 20 MA) crossed down on 14th March and if we take a look back at the historical data regarding these crosses it makes for break reading. In 2014 they crossed and this saw the price fall by over 74% over a 154 day period before beginning to move back towards the upside. In 2018 they crossed again and this saw the price fall by over 50% over a 175 day period before again returning to it’s upside move. Early on in 202 there was a black swan event in the form on the COVID-19 crash which I will not count for this analysis. Looking at this historic data I am expecting a 150 – 175 day period of sustained bearishness with lower highs and lower lows on a weekly basis. With a potential 46% price drop falling at least to 30-35k and possibly even somewhere between 22-25k. A wick down to this area would also fill a much needed gap in the CME which has previously caused BTC to have it’s handbrake on when reaching for new highs. Coincide this with the DXY, which has a confirmed negative correlation with BTC, looking unstoppable on it’s charge to 102 and the bitcoin bull support band falling through everything seems to align to this idea. As always, please leave a like and let me know your thoughts.
BITSTAMP:BTCUSDShort
by jamesdbarnard
2
Bitcoin Critical Support and Time PeriodJust drawing lines on charts. BTCUSD (Coinbase), Weekly Looks like BTC is heading down to a critical support area around $35,500, coinciding with a breakout event in RSI by late October. If that area support holds, look for a reversal that needs to break out the upper trendline around $46.5k. IF we break through, then we need to break resistance around $52k and around $60k to try to find a new all-time high. Might make for some interesting times over the winter holidays. Of course, we could always get an October surprise that sends us even further down past the lower trend line and into the $hitter. Good times.
COINBASE:BTCUSDLong
by Accipiter107
1