This is not the Top for BTC - Bitcoin Analysis All indicators suggest bitcoin is just at the beginning of its bull run
And with such a small amount of time in a bullish state it begs the question 'isn't there more?' (ive heard that before)
Bitcoin in the near future will dominate, carrying along with it Ethereum. Ethereum always makes the first move.
If the BLX log chart is at a point of a breakout, it could be huge. Or I've simply drawn the channel wrong.
Have faith
BLX
BTC/USDT (Sideways Trading?)💎Technical Analysis Summary💎
BTC/USDT
-Hello everyone, I'm not able to update my BTC idea
-Because there is no significant data at the moment
-Bitcoin is still trading within the Neutral to Bullish zone
-We can see BTC tried to close above 58k dollars
-But the Bears easily send the Bulls back inside the ranging zone
-Many altcoins are benefiting from this sideways trading for the past few days
-And if Bitcoin can finally regain momentum above 58k dollars in the coming days
-Expect these altcoins in the accumulation zone or upside potential continuation
-Will start to break into new higher highs or extremely behave like a rocket ship to the moon
-Guys, please trade responsible and immediately adopt what the market is telling us
-Risk management is the key to survive this game
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BTC/USDT (New Short-term Key Support?)💎Technical Analysis Summary💎
BTC/USDT
-The bulls entered the market with a good bounce back above 0.5 Fib level
-We still have 6 hours left before the daily candle closes
-And if the bulls can maintain above 55k dollars, that is a good sign
-Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins
-We are large-cap altcoins are performing well for the past few days
-This is because the BTC Dominance keeps printing lower lows
-And Bitcoin is expected to move sideways within a range for May
-I think we will have another good altcoin season for a few weeks
-But we can not let our guard down, we need to consider the bearish scenarios as well
-I'm eyeing a few altcoins which have not created any significant move yet
-If the market condition will be in our favor this month
-I'm expecting these potential coins can big percentage gains within few weeks
-Alright, Have a nice day and stay safe!
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BTC/USDT (The Bulls Must Hold)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is still trading within the mid resistance zone
-Currently facing minor rejection at 0.618 Fib resistance
-The good news though is the price is holding above the 50DMA
-For me, as long as the 55.8k dollars holds, I'm still bullish
-But if BTC failed and closed below 55k dollars, the bears might re-enter
-We are seeing Altcoins performing well for the past few days
-As the BTC Dominance chart keeps printing a lower low at current at 48 level
-If in case the Bulls can break higher above .618
-And the BTC.D continue to drop or consolidate for a few days
-I think the Altcoins will continue to perform stronger against Bitcoin
-Because BTC will still trade in a range until the 65k ATH is broken
-Please do not just FOMO in on Altcoins that had already pumped so high
-Look for the potential next coin that still in the accumulation phase
-For a high-quality risk to reward ratio perspective
-But this is only for those who have a lot of patience
-Because this is where big money is made
-Thanks for reading my idea!
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Bitcoin BTC Bart Simpson Wyckoff to 20kIm starting to see Bart Simpson all over the place.. let me know what you think is the comment section... Maybe you know about Wyckoff Phases.. one of my member bring this back today, Bart Simpson is Richard Demille Wyckoff :-)
Do you think this scenario is possible?
As a trader, we should be familiar with some of the leading theories concerning market structure and cycles. Some of the more popular ones include the Elliott Wave Principle and the Dow Theory.
If this plays out 20k ? Last 2017 Bullrun !!Top
BTC/USDT (Testing Mid Resistance)💎Technical Analysis Summary💎
BTC/USDT
-Looking at the 2D time frame chart, BTC found support at 50MA
-We can see two perfect rejected candles closes above the 50MA
-And followed by two green candles and trading at 56.6k dollars
-Currently, Bitcoin is facing a minor mid-Fib resistance zone
-This resistance area is the previous bear flag last April 17-19 trading
-If BTC can reclaim above the 58k dollar and hold
-I think the probabilities to retest the all-time high price increases
-This current 2D candle closes in the next 6 hours
-This is very important to determine the next potential price action this weekend
-And for the first time, the monthly candle is about to close in red
-We will have an indecision candle if we can see higher highs or start to correct
-So please always follow your stop loss because is the only way to cut our emotions and reduce the risk
-Have a nice weekend everyone and stays safe!
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BTC/USDT (100D MA New Support?)💎Technical Analysis Summary💎
BTC/USDT
-BTC closes below the 100D MA yesterday but was only a fakeout
-The Bulls may have found the new local bottom today
-The 47k dollars is our key level to maintain in the coming weeks
-We know there is a big CME gap from 57k-62k dollars
-This area perfectly coincides with the 50D MA and Fib resistance levels
-Bitcoin must regain above 60k level and hold it for a few days
-To increase our bias back to the bullish side
-If the .618 Fib and 50D MA turns out a strong resistance
-The Bears may enter the market and send the price down again
-It will another challenge for the Bulls to defend the 47k support zone
-I will shift my bias to the Bears because we may form a potential H&S pattern
-For now, let us focus on what the market is telling us and act accordingly
-Please trade responsible because the market can turn around us any time
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BTC/USDT (Testing 100D MA Support)💎Technical Analysis Summary💎
BTC/USDT
-After the breakdown of the upward trendline support and 50D MA
-The price continued lower and currently testing the 100D MA area
-This is the second day of trading just barely above this important moving average
-If the Bulls failed to defend this current level
-Bitcoin could drop to 44k area which coincides of previous key pivot of support
-Take note of the increasing bearish volume which indicates a warning sign
-Please be cautious at the moment because there are no signs of bullish strength yet
-Make sure to follow your stop loss and try to reduce your position size
-Only strict risk management rule can help you survive during this type of market condition
-I will update the market once new price action develops
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BTC/USD (54k CME Gap Filled)💎Technical Analysis Summary💎
Bitcoin CME Futures
-Bitcoin creates a big CME price gap from 62k down to 57k zone
-We didn't see any bounce up reaction to fill the big CME gap above
-But what BTC did is filling the small gap last March 29 around the 55k-54k area
-Currently, the price is trailing just above the 200MA support at the 6H time frame
-If BTC holds this area, the next potential job is to complete filling up the price gap above
-This is only my bullish scenario regarding the CME price gaps
-Not all price gaps get filled all the time, this is only our future reference of potential price action
-The most important thing is to follow our trading plan and correct risk management
-As of now, the market is still not stable, I recommend waiting a bit longer to confirm our next bias
-Being patient is also a key to success because you are waiting for the proper timing to get back in
-Have a nice day everyone!
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Bitcoin whats next v3 and beyondI know this is a controversy posting, but i take this seriously and i will ignore people killing want to killing me for that ....
Possible way for btc in the future ....
THIS IS JUST AN IDEA, KEEP THIS IN MIND!
DO YOUR OWN RESEARCH (IF YOU CAN)!
DON'T BLAME ME WHEN YOU DON'T LIKE WHAT YOU SEE!
And always look at the big picture .....
First red cycle would be the bounce from the support line.
Second red cycle a small break through, the last green one a break of the trend line to go lower.
BTC/USD (Pullback or New Trend?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin just had a failed breakout after hitting a new all-time high recently
-The price broked the upward trendline of support and touches the 50D MA
-Currently, BTC is trading below the 50D MA which is not a good sign
-But we saw a bullish reaction at a key level around the 51k region
-We have two possible scenarios for BTC this week
-1st is pullback and retest of previous trendline support which may form a CME gap and get filled
-And second, a bearish continuation where the bulls failed to bounce up instead a bear flag is confirmed
-The 2nd scenario may retest its recent low at 51k dollars or much lower
-If I'm looking for a bullish sign of strength, I want to see BTC regain the 60k
-And a consolidate above the 50D MA for at least 5-7 days
-Because this will give me a strong bias that the bears failed to control the market
-This week price action is very important for the crypto space in preparing for the month of May
-Guys, please always follow your trading plan and never go all-in on 1 trade
-Risk management is the key to survival in trading whether crypto, stocks, forex, etc.
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BTC/USD (Retest Previous Resistance)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin made a new all-time high price and now retesting previous resistance
-The previous top is around 61k-60k dollars which may act as support today
-We can see the red candle is reacting to this zone
-The bulls are trying to push the price up or buying this price dip
-If this area can hold for the next 2-3 days, I think the chances to continue high increases
-For now, we can see the market is in red due to this small pullback
-But many large-cap altcoins are performing strongly at may hit a new all-time high price
-If crypto space will continue its upward trend, many altcoins will follow the same
-I have prepared my altcoin list for potential new move in the coming days or weeks
-As long as the market is in safe mode, the Altcoins will come back stronger
-Have a nice weekend everyone and stays safe!
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BTC/USD (New All-Time Price)💎Technical Analysis Summary💎
BTC/USD
-After consolidating inside the ascending triangle pattern for many weeks
-The bulls finally pushed the price into a new all-time high
-The price almost hit the level of the 65k dollar
-If we can see more follow-through from the bulls
-I expect the next upside target is 70k dollars
-But if a pullback is in play, the 60k region might be a good rebuy zone
-For now, let us all celebrate this new level of the trading area
-Don't worry about your altcoins holdings
-They will have time to bounce back fast once BTC starts to move slow or consolidate
-This is part of the market cycle with regards to money flow
-I'll start preparing new swing trade setups in Alts :)
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BTC/USD (61k Dollars Strong Resistance?)💎Technical Analysis Summary💎
BTC/USD
-The bounce from the support trendline 4 days ago is still valid
-BTC is playing around 60k dollars but having difficulty passing 61k resistance
-If we will follow the end of this triangle pattern, there is still 4-6 days of trading left
-The time is running out for the bulls, they must clear the resistance as soon as possible
-Otherwise, the bears might enter the market and seize the oppurtunity to break its trendline support
-I'm expecting a sharp drop down to the 50D MA area
-But if the bulls continue their trend, I think it can go to 70k dollars next target
-And many altcoins will follow Bitcoin's path to new higher high
-Very crucial week for the overall market, please always protect your capital
-Good luck and stay safe everyone!
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BTC long term lengthening cycle projection Long term analysis of BTC based on a lengthening of the cycles, with a peak of this cycle around end 2012, and a double peak figure like we had in 2013 but slower and less volatile.
If we rather follow a 4 year repetitive cycle, then the log channel will be invalidated soon and we should end up this cycle by the end of the year, with a BTC price around 250k - 300K.
But I still think we will have one more leg to form a blow off top and after that we should have a long correction of BTC to reset all indicators, before we can finish this cycle. BTC went to fast too strong, a bit like it was the case in March-July 2019. Also, several long term indicators are about to show that BTC will become overheated soon, especially if we have a strong surge in BTC price (MVRV Z score, Net Unrealized Profit/Loss (NUPL), Mean dollar invested age, Pi cycle top, ...)
Blue line = Halving.
Green line = beginning of alt season (sustained drop in BTC dominance).
Red line = end of alt season 2017 (+2021?).
BTC/USD (Bounce at Trendline Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin found support at the trendline area again in the confluence of 50D MA
-The price is currently experiencing minor rejection at the 59k resistance area
-But that is fine as long as the upward trendline support holds
-I am expecting a breakout within 1-3 days
-If I'm bullish, I want to see BTC clear the 60k region and hold
-This will give us a strong probability to go higher to a new all-time high
-But if you are looking for bearish entries, a break below 50D MA
-plus a bearish retest would be perfect for short entries and target the 45k zone
-Next week price action is very crucial in the midterm movement
-So please make sure you have a trading plan ready if BTC goes south or north
-Have a nice weekend everyone! Keep safe!
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Correction Imminent?BTC failed to make an new ATH, Strong resistance at 60k - 62k
Uptrend since october 2020 has now been broken, now retesting as resistance
Before we made an ATH since 2017 we had an beartrap under this trendline so beware of this, could happen again
If we look at the fib retracement the 44k - 42k would be a good entry and we would make an powerfull S/R Flip on the 42k level
An other entry would be the S/R Flip of current strong resistance at 60k - 62k
BTC/USD (Retest Trendline Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin faces another rejection at the flat resistance zone
-The price is likely to retest its upward trendline of support
-The trendline support is a confluence of the 50D MA area
-If the Bulls will repeat the recent bounce at support trendline
-Then, this bullish ascending triangle will increase its probability
-We might see a break above the 61k dollars soon
-But if the 50D MA and trendline support fails
-A test to the 50k dollars region might be on the card
-Please be cautious at the moment
-Make sure to plan your next trade
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