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BTC/USD (Daily Key Support is Found?)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin just had a -28% retracement from its recent ATH around 42k dollars -The price came down a retested the 20MA support on the daily timeframe -On the 3rd test, BTC bounce off strong and potentially will close the candle in green -This is a good sign in terms of price action and trading above the 20MA -If the next daily candle will close the green bar -The chances to retest the 40k dollar region will increase -We are still in a Bullish market, trading priority remains to the upside ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
11
BTC/USDT (36k Dollar New Resistance?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin found support around the $30.4k region -The price bounce up to 36.5 dollars -But having a problem breaking above the 0.5 Fib resistance zone -If Bitcoin can't go back above the bullish zone -This is a problem in the short-term -A strong rejection could lead BTC down and retest its recent low ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
14
BTC/USD (41k Dollars Strong Resistance?)💎Technical Analysis Summary💎 COINBASE: BTCUSD -In the short-term time period, BTC broke to the downside -The pattern decided to break its trendline of support -It seems the 41k dollar area acted as a strong resistance zone -If this downtrend continues, the potential target is almost the 35k region -That zone may act as a good rebuy area because of previous resistance turned support -Be prepared, always follow your stop loss and book profit if needed -The market is moving again, don't give away your profit back to the market ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
COINBASE:BTCUSD
by PolarHusk
12
BTC/USD (Consolidation @ 40k Dollars)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin still following the upside trend -Right now, the price is currently consolidating around 40k dollars -BTC needs to defend the immediate 40k dollar support -This is the confluence of local support between Bull and Bear -The 20ma is now approaching the price which can act as a dynamic support -Trading priority is still up as long as important levels are holding -I expect Bitcoin to consolidate here for the next 24-4hours -And if we see an upside breakout, the target is the Fib 1.618 - 2.0 Fib extension resistance ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
11
Bitcoin Logarithmic Growth - Halving Event ExplainedAn update on the BLX (BraveNewCoin Liquid Index for Bitcoin) on the 2W timeframe from last year's chart. You can find last year's analysis in the description below. In Bitcoin's short 12-year life span, it's had 3 halving events: 1st Halving: 11/28/12 2nd Halving: 7/9/16 3rd Halving: 5/11/20 What is a Bitcoin Halving? Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is in circulation. This system will continue until the year 2140. At that point, miners will be rewarded with fees for processing transactions that network users will pay. These fees ensure that miners still have the incentive to mine and keep the network going. The idea is that competition for these fees cause them to remain low after halvings are finished. In 2009, the reward for each block mined was 50 Bitcoins. After the first halving it was 25, then 12.5, and on May 11th, 2020 it became 6.25 Bitcoins per block. Imagine if the amount of gold mined out of the earth was cut in half every four years. If gold’s value is based on its scarcity, then a “halving” of gold output every four years would theoretically drive its price higher. The 1st Halving Event saw a 10313% gain, 371 days after the halving creating a new ATH @ $1,165.89 The 2nd Halving Event saw a 3138% gain, 518 days after the halving creating a new ATH @ $19.154.13 The 3rd Halving Event should see a 6725% gain, 444 days after the halving creating a new ATH @ $552,455.38 This upwards move after the halving is already starting to play out, and should see it come to fruition nearing the end of 2021. The global market cap just crossed the 1T mark, and Bitcoin sitting at a $754B market cap would be the 7th biggest company in the world. Right now, we're in the beginning of 2017 again and the best is yet to come! "History doesn't always repeat, but it often rhymes" - Mark Twain
BNC:BLXLong
by kyer
23
BTCUSD (New All-Time High > 40k Dollars Target?)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -New All-Time High for Bitcoin today after breaking the previous resistance at 35k dollars -The trend is our friend, the market continues to prove that going Long is the trading priority -Using Fib extension during the minor consolidation a few days ago -The potential upside next resistance area is around 39k-42k dollars -Please plan your next trade, book profit, and move stop loss to reduce the risk or protect your gains ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to ProjectSyndicate 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTC/USD (Retest All-Time High?)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -The Bitcoin bulls won the short-term game -After the price broke the descending channel to the upside -The pattern target area is the recent top around 34.8k dollars -From there, the market will decide if it will continue higher -Or pull back and try to form support in the mids 33k dollars -Further updates will be provided once new data comes in ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to ProjectSyndicate 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTC/USDT (Start of Consolidation)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin dump -20% from the high and filled the short-term CME gap -We have now potential trading for the next few days -Our important support is at 30.4k dollars -This area must hold and form a base of support -To continue a strong uptrend if the Bulls wants rally higher -I'm expecting consolidation and hope for Altcoin to recover fast -I will update once I see more sign of strength -For now, Bitcoin is still safe at the time of writing ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
Why Bitcoin BTC might stop here 161.8% If you take a look at my chart, we had reached the 161.8% fib of the Grand Cycle wave 3. Usually this FIB offer big resistance. For sure we go higher but we need to break 35k first to confirm a possible path to 54.5k where is the 216.8% fib. Also Weekly RSI never stay at that point for more than 4-5 days. We already had a little correction last night. Grand Cycle wave 1 was pretty strong which let me think that if we retrace from here.. those entry points can be great options : 0.382 : 22.8k 0.5 : 19k 0.618 : 15.3k Always better to buy retracements than a possible top. Best to you in 2021 ! Crypto_Mercy
BNC:BLXShort
by Crypto_Mercy