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BTC-USD

BITCOIN DIAMOND CONFIRMED - LOWER TARGETS AHEAD!Hello dear traders, Here is an update for Bitcoin BTC on the daily chart. After further analysis I come to the consultation that after several heads shoulder patterns (that are all still valid) we now have a Diamond in Bitcoin as well. I have already discovered one in Ethereum and you can follow that on my recent posts. I will keep this updated but for now the targets are: Target 1 42000 Target 2 35000 Above 59000 this pattern expires. Volumes are high in the drop and the other patterns make the probability even higher. Patterns which fail like head and shoulder patterns but also diamonds can show a quick and agressive countermove. This is always pretty clear to see. Yes all patterns can and do fail, keep that in mind and you best always place stops with a maximum risk of 1% per trade. If you don't do this, you risk to end up with big losses. Different of course if you want to buy BTC for long term investment, buy and hold. In that case there are no stops at all but not intrading. This is purely my idea about ETC and not investment advice. As a trader you should always do your own research and try to protect your capital with money management.
Short
by PegasusTechCharts
5
Bitcoin Expected higher prices - check out why!Dear traders, Here is a new update for Bitcoin on the 2 hour chart. As you can see, my previous head shoulder formation came true exactly. Also the small head shoulder formation in the descending trend channel have been perfectly met (target1). How is Bitcoin doing now and what can we expect. Currently we are in the process of forming a mini inverted HS with the neckline of the turquoise H-S at 52627 as the target. Important is to be constantly alert for the formation of a new structure, patterns, divergences etc. So for the moment I am LONG on BTC until 52627. The reasons for this position: 1 We see a positive divergence in the RSI (4 hours chart) 2. The falling trend channel has been broken. 3. The targets of the 2 previous HS formations have been met exactly. A rebound to the previous important key level at 52627 is thus very possible. Please note these are hypotheses, my personal view. Everyone has their own view on the charts and that is perfect. That's why there are bulls and bears. The balance in the market. I don't see the price going higher than 55000 before we can expect another wave down. Important: If the price of Bitcoin drops UNDER 46000 then the older lower target will come back into view! So keep that in mind! A closing price of the day candle below 46000 is bearish and continuation of the downtrend! A closing price above 55000 is a possible scenario towards the old all time high, a double top or higher targets after breakout above the All time high Traders, this is my personal view on Bitcoin, No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk. If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates. I wish you lots of profits and above all safe trading!
Long
by PegasusTechCharts
5
BTCUSD long term sellFinally, after all the BTC highs, we have entered into a seller market within BTC !!!! This solidifies BTC, for many years everyone was wondering what is the high, and for the moment it looks like 64,845 is the highest. You'll notice that it did a BOS on the daily time frame and for the moment it may pull back but I only see that happing not past the 55000 area. This is huge, I know y' all heard that BTC will pass 100K and I want to believe that as well but as of right now this is perfect for us day traders. Seeing a Head and Shoulders on the weekly time frame and if it breaks the right shoulder it can go a heck of a lot lower. Again this is only what I see, so please trade at your own risk. Thank you. Let me know if yall have questions regarding this topic.
BITSTAMP:BTCUSDShort
by ApxnLiving
1
BTCUSDT UPDATE!!!Hi Traders, So BTC came down to the bottom zone as support (see previous post). We saw an over shoot out of the zone as the move down was combined with bearish news from Tesla. We're currently seeing an ice push back up with good buy side volume coming into the market at $46000. We should see a push up towards the 0.618 to continue the bullish trend. However, as the USA's tax decision edges closer it needs to be noted that price es could still come lower depending on the outcome of the decision. There is still some liquidity to be grabbed at the very bottom zone, that if the institutions decide that they need more liquidity before pushing prices back up. Overall, we are expecting prices to create smaller higher lows in the short term or at least see some consolidation after the large move down. 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
BTCUSDT UPDATE!!!!!Hi Traders, BTC is creating a rising wedge. Its rejected the top 4 times. Its currently within a high volume concentrated confluence zone. There has also been an increased amount of sell order on the last rejection of the top of the wedge as seen circled on the accumulation and distribution indicator. If we get a break of the bottom of the wedge we will be looking for support at the very bottom confluence zone. Buy side volume has also started to tail off on the last rejection of the bottom of the wedge. As always if you enjoy the content don't forget to click the like button and make a comment on your opinion. Thanks MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Short
by Market-Snipers
1
BTC/USD - weekly Analytics + Altcoins 10.05.2021Bitcoin is consolidating after the impulse movement that started at the beginning of May, which locally can lead to the growth of quotations around 60.000 - 61.000. Thereafter, it is necessary to monitor the situation in development as a scenario with the false breakdown formation and downward movement development is likely. Parabolic growth has lasted more than a year and the option of the deep price decrease should not be excluded. Alcoins: Of altcoins, we single out TRON (TRX) as the most promising coin for the development of growing movement.
COINBASE:BTCUSD
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 10.05.2021Bitcoin is consolidating after the impulse movement that started at the beginning of May, which locally can lead to the growth of quotations around 60.000 - 61.000. Thereafter, it is necessary to monitor the situation in development as a scenario with the false breakdown formation and downward movement development is likely. Parabolic growth has lasted more than a year and the option of the deep price decrease should not be excluded. Alcoins: Of altcoins, we single out TRON (TRX) as the most promising coin for the development of growing movement.
COINBASE:BTCUSD
by Yosu_Fund
Bitcoin short - must see possible scenarios!Hello traders, Here you see the 8 hours chart of Bitcoin . With a few possible scenarios. We have already seen 2 main shoulder formations in the past that failed. When an H-S pattern fails you very often get an aggressive counter-move. See the red arrows after the necklines were not broken after all. Currently we are develloping the formation of a possible head shoulder pattern, specifically the right shoulder. Above 64500 this pattern turns invalid but we can still get a double top . Only after a breakout with volume above the old top and a RE-TEST are we almost certain of much higher price targets. Should the right shoulder now develop further we see a target of 45000 usd there. This is purely a hypothesis. Possibly we will get a double bottom at 47000! All things need to be followed closely. A roadmap that you desperately need because Bitcoin is driving everything with Bitcoin dominance. It is very important now to follow the neckline closely. If we move away from that, we will get a price explosion upwards and 100,000 - to 300,000 usd or more for this year will be in the picture. It is important to trade what you see and not what you think! Hence these possible scenarios. See also my other bitcoin chart with important targets and resistances which is the roadmap voor the shorter term. Dear traders, this is my own personal view of Bitcoin and not an investment advice. Always use your money management and a good stop loss before placing any trade! This way you stay in this game! Have fun and trade safely! If you appreciate my posts, it would be nice to follow and like me! It motivates me to continue with these analyses!
Short
by PegasusTechCharts
8
BTCUSDT UPDATE!!!Hi Everyone, We've got you a BTC update! So we thought it would be useful to give you a more birds eye view approach on BTC hence the update being done on the Daily timeframe by doing this it enables us to have more of an understanding of the overall direction of BTC and the strength of the move. So as you can see drawn on the chart BTC is conforming to the bullish trend line that started back at the end of last year on the 10th December 2020 kickstarting the crypto bullrun. As price broke through key resistance levels $40000/41000 it then reached another resistance level at $47500 as seen circled on our chart. You can also notice the increased amount of buy volume coming in which makes that level a key resistance point which later holds as support. As price broke out of this key level it then created another high and resistance point $58000 (which is where price is currently sitting in). Price then rejected this level and came back down in search for support at the previous resistance level ($47000 area). BTC then continued to create higher highs to reach its all time high price of $65000, although it was creating new all time highs it was also creating a rising wedge formation with decreasing buy volume and overall average volume, which resulted in the most recent fall in prices of 27%. Now this is the important area, now knowing all of the past key levels pointed out earlier in this post, you can clearly see that the pullback in prices came all the way down to the key support area of $47000 but more precisely to $47500 which was also where the Daily 100MA sat. We saw a much bigger buy volume candle than the 2 sell side candles before hand indicating that the buyers were back in some form of control and managed to push prices back up again. However, we cant help but notice the lack of volume coming back into the market albeit though you can see there are more buy volume bars than sells and the average volume has also increased slightly. Careful attention will need to be taken as price moves towards the very top confluence zone. If sellers start to take back control in the top zone then unfortunately we will have to wait longer for a new all time high. On the other more positive hand, if sell side volume fails to come back into the market within the top zone and buyers stay in control we can expect a small period of consolidation where past resistance turn support in the short term to allow more liquidity to come into the market for the push necessary to break he very top price. 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
BITCOIN BTC Now 3 active inverted head and shoulder formations!Dear traders, Here the 30 minute chart of Bitcoin. Bitcoin is still trapped between 51724 and 60703 USD but we now have formed 3 active inverted head and shoulder formations. Interesting to see how that develops. These patterns have as targets 61500, 65000 and 68700. Look at my previous Bitcoin analysis for important support and resistance levels. This is my personal take on Bitcoin and not investment advice. Always do your own research before trading and apply stops and money management fro safeguarding your capital!
Long
by PegasusTechCharts
9