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BTC-USD

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
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