BTC to $10k in March 2022?When looking at the long term trend, another possibility arose. I could see BTC going to the $17-20k range in October/November of this year instead of $10k then -- everyone thinks that's the long term bottom because it would find support at the top of the last bull trend. Then I could see bitcoin bouncing there for the short term (Nov-Jan) and falling lower (Feb-March) to hit the bottom at $10k in March 2022.
Let's see...
BLX
Bitcoin Blow off TopA blow off top is characterized by a sudden rise then sudden decline in price, accompanied by a large volume spike
This can be seen across the board on Bitcoin (BLX) throughout its Tops within the Fibonacci circle
Currently the volume is lacking for a blow off top, and the chart seems to be prepping itself to perform a move like a blow off top at the next Fib level
I think the price right now Is great for Bitcoiners and should be bought up quickly before this move occurs
I was inspired by BitFink who talked about Blow off tops to make this analysis
I doubt this is the Top..
BTC/USD (50W MA is Hodling)💎Technical Analysis Summary💎
BTC/USD
-The Bitcoin Bulls defended the 50W Moving Average support
-The weekly candle closed with a bullish rejection at the key interest area
-The fight is not yet over, there is a lot of work to be done
-Many are looking at a potential big H&S pattern
-But the Bears are struggling to close below the 30k level
-Strong Bitcoin buyers are jumping in to buy every dip
-I'm currently sitting on the sideline, waiting for the next move
-Even a bullish Altcoin setup can go wrong if BTC decided to go south
-I'd rather stay in cash and patiently wait for high probable setups
-Only a few days before the monthly candle closes
-July is coming, many opportunities are just around the corner
-Guys, don't rush in, we will have our next shot very soon
-Have a nice day & stay safe! :)
⚠️Please always read the description⚠️
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Not Financial Advice 💸
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BTC/USD (Holding Weekly Support?)💎Technical Analysis Summary💎
BTC/USD
-As the price entered the weekly support zone
-The Bulls bought the dip and they are still holding the game
-This is still too early to celebrate again
-Because every attempt to move up the price keeps rejected
-Now, we can see a potential strong trendline resistance
-As the price start climbing, the 50D MA also approaches the price
-This may act as a resistance area around 36k dollars and above
-The market is getting more choppy each and every day
-So please be cautious and always follow your trading plan
-If this situation is hard for you to adopt
-Please stay away for a while, observe and study more
-Trade responsibly and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Bitcoin to the moon long term!Lets take a step back and understand the big picture of bitcoin. This has much more room to go up than people expect. Too many retailer focus on the short term day to day basis and get rekt! In our community we focus on the data and the data is telling us we are just cooling off before making a huge run to upside in future
BTC/USD (Will 50W MA Hold?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold above 40k dollars last week
-The price is back at its weekly major support area
-This is the critical part for Bitcoin this coming few days
-Our only hope if the 50W MA will act as support again for the 3rd time
-If it bounces up again, we will have another retest near 40k
-But a failure of weekly support will lead to further downside
-Not the best time to go all-in on your altcoin trade
-Because the market is shifting its tune in a short amount of time
-We always need to adapt and adjust our strategies base on what the market is telling us
-I will publish a new update once more data comes in
-Please stay safe and healthy everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Bitcoin Death Cross Fakeout BTC going to 45k soon!Hi in this scenario i don't see Bitcoin going lower for now. I think we are in an intermediate wave 3 (white) inside an Main wave 3 (yellow). Market makers are playing the market sentiment game with the death cross, im far to be a fan on Moving Averages Crosses. Also i can simulate a W pattern that is bringing me to approximately between to 49870$ and 50758$on this B wave.
Have a wonderful day
Bitcoin are you Worried ?Everything is in chart.
- Like i said many times, more you look from far, more it's easy to predict the future.
- This Monthly Chart combinated with indicators show you how BTC moved in 2016-2017 BullRun so keep eyes open and you will find the way for 2020-2021.
- We cannot compare a Bullrun from 400$ to 20,000$ with a Bullrun From 4000$ to 3XX,XXX+$, the chart will be exponential. We are now playing with big numbers.
- imo right now we are in fake bear market stage, this stage happened also in 2016-2017 pre-bullrun ( but Numbers were smallers...), whales are just trying to create fear and remove retails investors.
- Actual stage could be a Consolidation Phase, if Whales see there's a lack of interest, they will push BTC up, or we could get a quick fast Trap to 20,000$ if Whales feel Retails not fear enough (Not sell their BTC).
- 100 000$ Target is still very preservative, past this stage it will be the FOMO Stage to go Higher!
TheKing is dead??? Long live TheKing!! :D
Happy Tr4Ding !
Bull Trap??Bull trap narrative still very much in play in my opinion. Looking at similarities from the previous bull run. after breaking the parabolic structure, BTC like to bounce off of the .618 zone which relates to the green line i have on the RSI. Being rejected on the yellow Fib .382 confirms the trap which relates to the yellow line i have on the RSI. Unless these levels are disrespected dramatically, i am still very bearish. be careful out there! any feedback is appreciated!
BTC/USD (Weekly Support Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin closes the weekly candle above 38k dollars
-This is a very strong bullish sign in terms of price action
-The weekly support area around 31k-34k has been confirmed
-With multiple positive news surrounding the crypto space today
-I think we will have good trading days in the short term
-Take note this is a temporary rally until BTC breaks above the 48k zone
-Because the old support may flip into a resistance and demand zone for the Bears
-I'm entering in some potential Altcoins that may have bottomed
-I will strictly follow my trading plan If I'm wrong to reduce my risk
-Have a nice day everyone! please trade responsibly
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````