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BLX

Bitcoin Top Target BLX $250KUsing the .618 Fib line we can assume this is where we are within the 4 year period of Bitcoins run Previous runs have shown rejections at this point, which is evident with the current rejection I am placing my target at ~250k by the end of the 4 year Period After this a Bear market may be entered Don't underestimate BTC.. I do have thoughts however that this run will be propelled by Ethereum and the DeFi / NFT craze that has occurred, and a few assumptions based on chart structures If it is propelled by Ethereum, this will be a first
BNC:BLX
by Bixley
don't shoot the messenger.i'm not convinced that crypto has finished this wave 4 correction, in fact - i am willing to place a large bet against this ponzi when the time comes 😅 take a look at this chart dating back to 2013: every single correction we've ever had in the history of bitcoin has tested the weekly 200ema before resumption to the upside. you know what is in perfect confluence with the 200 weekly ema? the organic wave 4 algo target. dead cat bounces are fun, but they are short lived - what follows after though, very few ever expect. the majority of the population trade using their emotions & get overly excited due to the large short term gains they experience 😁 (i know the feels, no hard feelings). -- my downside target is 22k, we could see a wick get as low as 15k for a quick liquidity grab due to the over leveraged long liquidations. this will put in wave 4 on a higher degree my upside target from there is 120k (at the bare minimum). ps. short term bearish, long term very bullish. ps2. this will be The generational buying opportunity if you know exactly what to buy and when 😉. best of luck to all 💸
CME:BTC1!Short
by notoriousbids
52
BTC/USD (46K Acting Resistance?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin in the short term is looking to retest its local support -Though this area has been tested before so it might likely do it again -If the Bulls will defend the 43k dollars zone, then we can be safe -Then expect a potential return up to the 46k dollars again -From there, we will have to re-access the market if we can see another continuation -A correction down to the 43k is a -5% decrease -So please always have a trading plan and follow it -Good luck and stay safe everyone ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
taking another crack at this count.since most of the liquidity goes through binance, this will be the primary chart i will be using going forward. previously i was using the kukoin chart, as that's the exchange i use, but this morning i learned that nothing else matters except this binance chart. ---- this last move on july 31st from 42885.28 ---> 37915.50 caught me off guard, and i bet i wasn't the only one. the only chart that clearly shows what's going on is this binance chart, every single other exchange made a lower low for that move, which made things very confusing \ invalidated this larger picture. this is the only scenario that i could possibly think of given the new data this morning. looking for 47~48k to put in wave (1) on the higher degree, before the 0.618 wave (2) pullback to that 35k area. this would in theory set us up for a much larger move to the upside.
BINANCE:BTCUSD
by notoriousbids
3
BTC/USD (Testing 20W Moving Average)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is now testing the weekly mid-resistance area -We can see the price is reacting to this zone -The 20W Moving Average also a confluence in this level, this may act resistance -But if the Bulls can sustain the 41k-43k trading zone for the next 5-10 days -I think we will have a higher chance to break above this resistance -On the other hand, BTC Dominance bounces up from the 46 level support -It is currently testing the mid resistance at 47 level -Please be cautious a little because if this Dominance increase up to 48 level -Altcoins will perform weakly or they may consolidate for a few days -Good luck traders! and always follow your trading plan ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
An honest observation. I wanted to give you all my honest opinion on this move, and how i feel about what is happening right now. This is an inversed chart on btc, inversed to make this as clear as possible. From the highs of 64k, we saw 5 waves down - with the last wave seeing a truncation. 5 waves down is not a correction, it is an impulse. Corrections generally move in 3 waves (5-3-5) 1-2-3-4-5(A) - a-b-c(B) - 1-2-3-4-5(C) (some corrections are more complex than others, but after a 5 wave move down, we can eliminate every other type of correction except the simple 5-3-5) (A)'s have 5 waves within them, so do wave (C)'s. Which leads me to believe despite how things may look and seem these last few weeks, is we are still in a much larger correction. Wave 4 corrections take the longest time to play out, and are the most psychologically advanced moves in the markets. We are in a large Wave 4 correction from my perspective, and this will take time to play out. Could take weeks to months to a year to fully complete. Take full advantage of this move up, hodl the alts which will run hundreds to thousands of percent in the meantime - but just keep this idea in the back of your mind, and remember - that this larger correction has not yet been completed. ------- These are my four targets for for this second corrective phase (Wave B) 0.618% - 47k 100.0% 54k 123.60% = 59k 161.80% = 68k Extended wave B moves are not uncommon, and they happen all the time - they push to the absolute extremes, sometimes even make a new all time high before the final drop which is usually the most parabolic move in any market. One of these targets will reject and btc will drop to the low 20k's before the big Wave (5) begins. (it is impossible to know which one of these will be The target, but i have a few ideas using some other data points) ------- Take a look at the 1 year chart on the Fear \ Greed Index for btc; notice how when btc tops out, the greed index starts to consolidate \ move sideways before a massive drop down. This is what I'm looking at daily, and will continue to do so until i see this consolidation take place - once it does it will semi confirm a top, and we could better anticipate the closest target to us. Also take a look at the 200 Week Moving Average Heatmap , Notice the how btc's heatmap turned blue recently, which triggered this strong move up. Historically - during a correction, whenever it turns blue that is when a dead cat bounce occurs, before the deeper dive to touch the 200 week moving average. Ps. I will conclude this by saying: this is just my own personal opinion, from my own experience with corrections in the various markets out there. I have seen tens of thousands of them in my journey, and I feel fairly confident when identifying one. I am not bearish, in fact I am extremely bullish on btc in the long term. I think once this correction is completed, our final fifth wave on the highest degree will go anywhere between the hundred thousands all the way into the millions. Best of luck to everyone, stay safe out there!
by notoriousbids
16
btc primary.look for this wave 1 to top out at 45.5k that's also where the 200 daily simple moving average is, perfectly in confluence with our sub wave 5 target to put in wave (1) on a higher degree. from there we should in theory see a mean reversion for wave (2) to about 34.7k the alternative is btc will have a flat correction, similar to last year, where it will move sideways for a month or two, rather than down. if we do see the mean reversion for wave 2, that is the key entry for long positions on any alts, as well as leveraged longs on btc. since btc wants to move up, we have to adapt to what the new data is showing us, and as of this moment that data points straight up. wave 5 could see an extension to 100k+, but i'm being conservative with my analysis here, and giving it a 84k upside target. better to aim lower, than higher. best of luck to everyone, let's get it.
COINBASE:BTCUSDLong
by notoriousbids
22
BTC/USD (37k Dollars New Support?)BTC/USD -Bitcoin found support at near the 20D Moving Average -We can see a strong move up by the Bulls -If this daily candle closes in green -We can say the 37k dollar is our immediate support -If and only if the recent top is broken upwards -The chances to go higher increase to test 47k sell area -For now, everything is looking safe again -Some Altcoins is looking ready for mini reversals -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
BTC/USD (Good Monthly Support?)💎Technical Analysis Summary💎 BTC/USD -Finally, after 3 months of red candles. The month of July finishes strong -Bitcoin has a monthly immediate key area of support around 35k-29k dollars -This is the zone we need to watch for the remaining months of this year 2021 -As long as this area will hold, BTC will remain Bullish until the end of the year -For now, I'm expecting a few months of sideways trading again -During this consolidation, Let us see if the Altcoins space will move stronger -Because most of the time, Altcoins performs better when BTC trade-in range -I will always keep my watchlist updated and hopefully share some of my public ideas -See you and Good luck! :) ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTC/USD (40k Area Acting Resistance?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is currently testing the mid resistance area after a 40% increased from the 29k region -This zone is a confluence of previous tops from January 8, May 26, June 15 trading -Also, the 100 Moving Average is sitting inside this zone -Take note, the RSI hit the 70 level or overbought territory -After 9 trading days with all green candles, it is potential painting a red day -If BTC tops out or slows down from here, expect a mini consolidation range -A correction is likely to happen if not yet then BTC might break the 42k zone -Let us wait and see which way the market will go within 24hrs-48hrs -Good luck traders and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8
BTC/USD (New Strength)💎Technical Analysis Summary💎 BTC/USD -Bitcoin finally confirms the weekly key support area -After a strong recovery back above the 50W MA and hitting the 40k level -We can say BTC is safe for now in the coming weeks -But the Bulls can't stay relax because the 40k dollar is acting as a strong barrier -And also, we have a new CME price gap of around 34k-32k dollars -We know these gaps are likely to get filled soon -If you noticed some Altcoins are not doing well during BTC run-up -It is because the Bitcoin Dominance level increases too by 5% -The Altcoin space may move weak or slow in the coming days -Unless the BTC Dominance decreases and Bitcoin moves in a range -Congrats for the Bulls, let us see if they can make another follow-through ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
11
it isn't time yet.i took a closer look at this recent rally, and i can't help but feel like something is off about it. my intuition is telling me that this is yet again another phase of distribution before the deeper drop to lower lows. it would explain the unusual volume spikes in this 34k range. ---- my downside projection sits at 25.5k as of this morning, and until the charts tell me otherwise - this will be my primary count going forward. i could be wrong, but i have to trust my intuition on this one, as it is what got me here in the first place. we could make one last push to about 36.2k, but the probability of that is very slim as of this moment. i started layering in shorts as of this morning, and will continue to do so until i am proven wrong. 💸 ps. i talked about this scenario not too long ago, and this false break out of this wedge is the ultimate trap to anyone who doesn't see it coming. i have seen this scenario play out so many times on the smaller timeframes, so i just felt like sharing my opinion on this with you all.
COINBASE:BTCUSDShort
by notoriousbids
34
Bitcoin Squaring Up for 35KBitcoin has found support beautifully on my fib levels that I have had plotted for some days now. I am currently in a large long position from $32000, and I do not plan on taking any profit or closing some of my position until the level just above us is hit around $35k. I am not currently adding to my position but it should be noted that this not a bad time to do so. Should we continue to hold support here at the .382 fib level, a retest of the next price level at $35000 should ensue. A breaking of the level will have to occur as well to continue the bullish uptrend Bitcoin is trying to form. If it is rejected, expect a retest of our current level again. The short term moving average are starting to point sharply upward, and typically this has been an indication of a high bullish momentum. A stop loss or two just below $33579 makes this a low risk high reward trade for those who are experienced.
COINBASE:BTCUSDLong
by TradeVibez