Btcbull
BTC next movement might be crucial!Bitcoin seems to be making a bearish flag.
We don´t see any volume so that we could think it's a bull flag.
Right now I am using this volatility to sell at the resistance and buy at the support...
BTC is acting really technically these days.
Right now we could see a break up to 42k. But remember we need a confirmation of the trend!
Otherwise, we could see BTC hitting 20k pretty soon!
On the chart, you can see some price targets and main price levels.
Remember... fundamentals don't change.
BTC next moves??BTC has fallen down due to some things in China... Everyone can find this out on the internet.
But on the technical side, BTC broke the trendline it held for several months!
After the drop, we have seen a nice pullback which means we are still in a bull market!
Right now it might be forming a nice H&S pattern.
We can also see a nice divergence on the RSI.
We need to broke the old triangle resistance line!
In the long term, I am still super bullish and I am expecting BTC to hit a 6digit number this year!
Remember drops are healthy and quite usual, use them as a nice opportunity to buy!
BTC might go rocket mode!!!According to my old technical analysis ... BTC has been acting the way we thought!
Right now it seems that BTC has tested new resistance and it went just great!
It might be fake but after the test, I think were fine!
You can see the bearish scenario as well...
Right now I'm expecting a new ATH in the next 3 days!
Follow me on Twitter to stay tuned!
BTC to 70k or was it just a fake break out???So right now BTC has pumped up to 60k!!!
Is it fake??
Right now BTC is testing the resistance level as new support...
If it goes well we could see movement up to psychical 65k or 70k... My Price target is 67-69k
If it goes wrong we could see movement down to 57k... The test of resistance of the triangle and possible break down to lower support zones...
Overall BTC seems pretty bullish right now.
BTC next possible moves???BTC has been acting super technically!
There are 2 possible scenarios:
Green-Bullish
We saw a bounce from the resistance line...
With enough volume, we will probably move to the strong resistance at 59.5-60k.
Hopefully, we can break it... And move to new ATH!
Red - Bearish
This bounce could be fake and it could break down to lower support areas...
And this can be similar at the resistance at 60k... If BTC gets resisted and goes lower we could see a price around 51-53k...
Basically, all we need right now is closure above the triangle resistance...
BTC BEAR TO BULLBTC will follow radius Speed resistance Arc as it does, do a resistance bounce, slam into the trend below and then make a new wave upward with bullish momentum :) As long as it doesn't fall through projection, it should be a nice rise to the 100k that everyone desires. New Arc on right can vary in size.
Major trends included. Chart closeups. Speed Resistance Arc I've found to be about 90% or better for wave accuracy. Happy Trading.
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Bitcoin PUMP UPCOMING This bullish flag pattern is often recurring in the bitcoin charts at least twice a day for the past 3 days. We have only seen bullish breakouts out of these patterns, and it seems as if a new one has just formed on the 1 hour time frame. (Check 1 minute time frame for better view of Support and Resistance levels.) We have finally seen bullish momentum into resistance after about 3 hours of bearish momentum. A pump that could potentially reach $60,000 is near.
This advice is only for educational reasons and is not financial advice.
Thierry
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BTC BULLISH MOMENTUM SOON (using Support and Resistance)Combining different indicators to predict price action on Bitcoin today.
Using hourly chart, we can see a Bullish hammer form at a support level. This bullish hammer presents buy pressure and could mean a pump in a couple of hours after hours of downtrend.
Lines in purple represent formation of a bullish flag pattern that anticipates price reversal into higher levels.
Line in yellow represents a Fibonacci Retracement level at 0.236. It currently represents a support level to the price. the Bullish hammer candlestick is forming right over this support level.
Red line represents Resistance line and is the median line of previously drawn Andrew's Pitchfork. Andrew's pitchfork gives different levels of support and resistance and is usually very accurate.
All this leads us to the fact that bitcoin will have 1 more pump and reach peak before retracing back to a lower price.
P.S, this is my personal opinion, for educational purposes only.
Thierry
BTCEUR - short term prediction - Weekly updateBTC stays bullish and confirm my prediction of last week. We are seeing higher highs and higher lows to signify a growth in the price even if not at the fast pace at which BTC have made us accustomed to in the last months. This almost sideways trading is good to create a strong support level in the range 41 to 43 thousands. the next resistance appear to be around 44/45K but should be easily achievable if the sell off have really stopped as it seems. overall the upward trend is continuing and we will see soon BTC at 50K EUR.
WHATS NEXT ?we may have a shadow to 20-22k region , but i dont want to belive a shadow , you can buy with monthly candle closes above 19800
i expect a pullback to 14k region or 12k that can be a great buy regions , dont forget about greed exist these days , we may stay near top for a wile so whales can eat more fishes
ALTSEASON in 2021 as you can see there is 2 level that can lead us to next altseason zone
61.50 - 57.11
bitcoin is in greed mood , and there is so many new investors that dreams about 100k price , but does whales let people make money in peace ? NO
my target for bitcoin is anywhere between that people think we broke great support zone ( 19800 )
then we fall
Bitcoin USD - BULLISH Signal!Bitcoin Has Entered Into Accumulation Phase, Confirmed By Selling Climax and Followed By Automatic Rally.. I Expect It To Form A Trading Range From Here (10.5k - 11K Range)..
Let's Wait For The Change Of Character In A Few Days Time To Confirm Bullish Bias.
Bitcoin So Far Has Maintained It's Bullish Momentum By Breaking 11K