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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