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BTC-USD

Bitcoin - Buckle UpGood evening ladies and gents, It's been truly interesting these past days for me. I wasn't around for the past two bullruns and couldn't participate in the shakeout of week hands before capitulation. From my studies BTC shook the weak hands before the ATH of 1,163 and also shook weak hands on that drop from 4,765 to 2,972 before taking off to 19,666. OBV here shows an interesting story and a strong support line never broken before. Also it can be interpreted as a huge ascending triangle and would take a long time to develop. If you follow the numbers you will see that from the breakouts to the shakeouts, buying climaxes to selling capitulation the story repeats. One could never make a flat statement, so I cannot say this is it for the drop. But I can saw that we have a strong line of support and we most likely are experiencing a shakeout of weak hands and retail traders before taking off big time. Only time will tell, and later I will touch base again about it. Trade safe, but trade thirsty my friends!
BITSTAMP:BTCUSDLong
by mr_willmedina
7
BITCOIN - TARGET HS FORMATION - V BOTTOM - SEE IT HERE!Dear traders, A quick update for Bitcoin with some extra information besides my previous analysis. The leader of the cryptos that drives everything needs to be constantly monitored in this situation because Bicoin dominance broke a longer down trendline which is not good for Alt coins. Here we look at the 30 minutes chart of Bitcoin BTCUSDT and you see we have formed a V BOTTOM but at the same time also a reversed Head shoulder formation visible. There are more patterns like a Bullish Bat which all point to the same direction. We have positive divergences in RSI and other indicators and there is also a bullish pinbar. (see that in previous analysis of Bitcoin) A lot of bullish factors and the targets point all to 50 to 51000 USD. This is a first target and it can become more as more price is formed and new structures become visible. My idea is that all stops that were there have been hit and all sellers have sold so we have a much better chance of a price recovery. Price recovery can be very powerful. Look at my previous analyses where I calculated the situation in 2018 and compared it to now. History in TA repeats itself constantly. Because the neckline of the reversed head shoulder formation is close to the downward trendline the safest thing to do is to go long after breaking the trendline with good volume although I am already LONG. In case of a break-out, you need to place a stoploss below the last low and of course not to risk more than 1% per trade to protect your capital. ----->> Traders please follow me for updates and if you give me support with a like 👍 then that will motivates me a lot to continue 💚 - Thanks you in advance guy's! <<----- Safe and happy trading!
Long
by PegasusTechCharts
8
BTCUSDT UPDATE!!!!Hi Traders, So currently we've seen push lower to the 200MA which we spoke about acting as support on our last post. Currently we're seeing increased volume at this level which is an indication od increased buying of orders as there has also been support of increased buy volume. There has been buying up of order occurring at the three points circled in red. In addition to this price has also rejected the bullish trend line drawn and can be seen on the Daily chart. At a more macro level we will want to see price push up and close above the second trend line on the hourly chart. Some confirmation of a rejection wick of the top of the second trend line will be ideal. Once and if this occurs we will then want to see push towards the top trend line where we will want to see the same action occur where price breaks and closes above to continue bullish. On the other hand price can come down and break the very bottom trend line, if it closes below then its a potential indication that prices will come down further. Price Amy also enter a small range between the bottom and middle trend lines with liquidity being tapped into below and above those trend lines. The key scenario which will give more indication of the direction price wants to go is on the closes of the candles once they break either way from those trend lines. As always if you enjoy the content don't forget to click the like button and make a comment on your opinion. Thanks MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
by Market-Snipers
1
Bitcoin, Second bullish falling wedge and more! 20% profit!Hello dear traders, Some more information in the exciting battle between the bulls and bears for what concerns Bitcoin / BTC-USD and the rest of the crypto market. As you know we have a confirmed head shoulder formation in Bitcoin . The target is now 28500 for this pattern. However, there are more HS formations as you can see in my previous analyses. There is also a target of 20000 but that doesn't happen overnight. It goes up and down in waves. Also that number will take probably months. So that is mid to longer term. We are here talking about short term! The situation for Bitcoin now: I compared the 2 corrections waves and it appears to be a perfect AB=CD pattern! Really one from the text books! That is a buy signal but for me there must be more than just the AB-CD . And you see we have also formed an almost exact Bullish falling wedge like the previous one! The previous one showed a gain of 17.75 Percent after breaking out to the upside. So if we project this onto the last formed Bullish falling wedge we will indeed end up at about 50 -51000 usd. It could be more but everything points in that direction. So now it remains to wait for that breakout. If Bitcoin goes below 40000 then it is on its way to the target of the head shoulder pattern 28500 usd. So be prepared for that possible scenario! A negative thing I see in the volume is that it increase when prices fall and decrease when Bitcoin rise. That is a bearish sign. The other factors like the Bullish falling wedge, the perfect AB=CD pattern en the bullish divergences forming in the RSI and other indicators are the very positive. So clearly Bulls and Bears have awar going on now. Who will be the winner here? Please share your opinions for a very interesting discussion! Note: this is a short term forecast with a technical recovery because Bitcoin is heavely oversold. Longerterm, than everything is looking bad for Bitcoin. Traders watch the levels, place stops and risk a maximum of 1 percent per trade. I keep saying this because without it, trading will stop sooner or later! Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research! Guy's, please follow me for updates and give me support with a thumbs up. That motivates me a lot to analyse for you! Wish you profitable trading!
Long
by PegasusTechCharts
14
BITCOIN Oversold - a pullback is possible - Check it out guys!Dear traders, Here is a quick update for Bitcoin. We may possibly see a rebound here. We are looking at this 4 hour chart of Bitcoin BTC and the formation of a falling wedge. This trade is not without risk but Bitcoin is now very oversold and we have a very nice positive divergence! The decline is heavy and fast. Stops are hit and traders liquidated. Watch the volume spikes it marks often the end of the decline for a while. Mid term Bitcoin is still very bearish! See my other analysis but rebounds happen , yes we go up and down in waves. Traders, always use stops and money management! Trade safe guy's! I Wish you all good profits! This is my personal view on Bitcoin and no advice to trade Bitcoin! Do always your own research and of course place your stops en do not risk more than 1 % on each trade! If you like my work than it motivates me if you follow me for regular updates and give me a thump up/ like. Thanks guy's!
Long
by PegasusTechCharts
BTCUSDT UPDATE!!!!Hi Traders, So we're back again with a BTC TA update! Price fell and rejected the bottom zone spoken about on our last post. Institutions decided to tap into some more liquidity. Price could come come down a little further towards the 200MA for a strong rejection with a strong follow through of buy volume. The current rejection does look good and has roughly tested the past resistance level back at the start of January so we could see push up from here, confirmation of this will be by noticing buyers taking control through buy volume. Once price does push up the key resistance points are the three key resistance levels drawn at the top of the chart. As always if you enjoy the content don't forget to click the like button and make a comment on your opinion. Thanks MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
by Market-Snipers
BTCUSD Downtrend Channel, Good chance to make a bounce from hereIf this downtrend channel stands true, we should make a bounce from here to test 50k resistance or 21 EMA resistance. If we do go lower and break this channel, I would speculate a flash crash. But I believe we are more likely to make a bounce from here and test 50k resistance because we are Oversold on both the Daily RSI and STOCH. If we do test 50k Resistance and we manage to break above it, then we would have a good chance to test top of pink channel. On our Weekly Timeframe. Things look very bearish if we can't make it above 21 Weekly EMA.
COINBASE:BTCUSD
by Detective_Conan