BTC/USD TA Update (bullish short-term pattern?)BTC/USD
Bitcoin is holding strong the price range between 5200-5400 zone and looks to be forming a bullish ascending triangle
as the price keeps making a series of higher lows. BTC just had a bullish MA cross of 50 & 100 moving averages on the 1H time-frame.
This signal short-term shift in momentum to the upside but still not confirm until immediate resistance at 5500 areas is broken.
If Bitcoin can confirm a bullish breakout in the coming few days. The upside target is between 0.5-0.618 fib resistance or 6k-6.5k zone.
When most indicators show extreme fear and oversold conditions we likely see a relief temporary bounce.
Bearish side, if BTC closes below 5k this will invalidate upside scenario.
BTCEUR
Yet another great opportunity to buy the DIPHi all,
I am back with another idea. We are blessed to witness great price action over last week and got great new lows to buy for the life time opportunity.
On weekly:
Bulls gaining momentum to end the dip
On Lower time:
little bearish that may or may not take back to 4500s one more time
Daily Suggesting sideways with Bullish Momentum.
Yesterday is a great manipulation day that signaled Great Buy opportunities.
Trade Setup:
BUY : 4600- 5000
Peace,
Budha
(W) - BTC in Symmetrical triangle + Possible Bull flag?What most people don't realize at times like this is to zoom out and check the bigger picture.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
My next target is going long 5300 - 5500
in the shortterm bullish scenario is going short at 9000 and 9500.
In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume.
Like for example a strong close with not a huge wick above 10k.
These are very safe entries looking at the chart now if the volume keeps the same.
BTC window for altsAs of bitcoins breakdown a massive support turned resistance has formed, this was a large period of very low volatility, labelled in purple. This may provide a large window for alts as bitcoin will become stuck between this level. Supported by 50MA on the monthly chart which is a good sign, however i see Ethereum and Erc-20 tokens growing a lot more rapidly than BTC, due to this window.
Bitcoin... Can we see $4950 In next Few Days..?#BTCUSD Fresh Update:
Current Price of Bitcoin is $6050.
#BTC Now Holding Support-1 At $5800.
If we hold this Then We can See Next upward move $7400.
But If breakdown Then Next Support-2 is $4948.
So I am Waiting for Bounce.
Strong Support : $5800 ( Where we can expect Upward Movement)
But if BTCUSD Fail to hold This support then We can see Next Major Support $4950.
$4950 is very Strong Support so we can expect very Strong Bonce From there if this would Happen.
And Any Bounce from any Support Our Target would Be $7400/$9500
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Thank you
Bitcoin Now Very Critical Zone cam we bounce from here?#BTCUSD Weekly Update:
Now Current Bitcoin Price is $7360.
#Bitcoin Now Struggle At Very Critical Zone ( $7252-$7300)
If #BTC break down $7251 Support and Weekly Candle Close bellow 100D MA then I will bearish otherwise I can expect bounce from here.
If Break down And weekly candle close bellow 100MA then I can expect Next leg down Would be $6350.
But If Weekly candle Close Above $7350-$7400 then I will bullish till $9550.
So guys Never Gamble and trade with Patience and Safe.
Support: $7251/$6313
Resistance: $9550/$11650
Resistance = Targets and Support = Entry
Entry always After Confirmations.
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Thank you
Bitcoin Beast Mode to 14K and great Buy opportunityHi all,
Firstly I am very sorry for may bad timing on my last chart I published yesterday. After I published my last chart we had dipped almost 800$ and I had to analyze various possibilities on why my last pattern got invalidated. I have been keeping all my efforts for the past many hours to analyze the situation after it dipped hard and I am very happy to come up with this new bullish chart very quickly.
With the current dip we formed a perfect symmetry of 0.7 and a dip ranged till 0.61 is also expected however once it blast price will moon to as high as 13-14K.
Trade Set up:
Long price : <= 7900
Target : 13-14K
Best wishes,
Budha
Bitcoin will be Back to 10.5K soon without even closing MarchHi all,
I am back with new post. I found some very interesting pattern that I believe will result in the mighty pump. Note that this month has been very tricky so far even for the experienced traders due to uncertainty over the trend. There were no clear signs of the trend unlike last month or earlier and has been tiny edged for both Bulls and Bears which resulted in good fight over last few days. Now I see there are some very good news coming in and people entering the market which boost the sentiments of BITCOIN Bulls. I observed that weekly is gaining momentum for Bulls and on daily the symmetrical structures of the candles indicating a bullish pattern. I will keep updating this chart as time passes and request you to follow this idea and me for the new updates, also hit like so that I gain some reputation which can help me reach more people.
Best regards and peace,
Budha
#BITCOIN | Possible Scenario .. #Head and shouldersHello dear !
we always return to you on our humble channel, to give you the best analysis and possible expectations :)
We also informed you that the price will rise from these areas in the previous analysis, and this is what happened. The analysis can be found below
And now what next!
Let us focus well on the declining trend line, as it is the good key that will inform us of the upcoming movements. We notice the price when it reached the line. We formed a strong candle to the bottom, and this is negative.
We expect to form a head and shoulders pattern in the medium term. If this happens to happen, the price will start again in a strong wave to the top.
Respect each level with caution and do not rush
Take Care
Check out some of our previous analyzes and don't forget to click on the "Like" button
ridethepig | You Know The Drill ... BTFD !Even BTC could not avoid the exodus from risk last week. Positioning isn't the problem in this case as the market is back to Jan levels, a clean sweep of the soft hands to reset play ahead of the halving ...
We can expect to see a broad recovery of Crypto this week on the back of co-ordinated CB policy intervention, I still favour trading BTC from the long side around these levels, for a move higher towards $13,500 and $16,000, as the liquidity punch bowl continues to be refilled. Momentum in the macro community is starting to gain speed as confidence in public sector assets deteriorates, this premise will be positive for cryptocurrencies broadly.
In the medium term, potential Crypto hedges from risk will also come into focus as markets provision for losses in global growth and s/t EPS. Miners are in a bit of a tight spot with prices at these levels, there is a lot of liquidity being taken out the system in LTC at the moment which is help:
I have been arguing that positive BTC fundamentals should see the highs inevitable taken, but it became clear last week that positioning was too heavily loaded on one side and induced the BTC sell-off. Happy to stay long and add on dips.
Thanks as usual for keeping the likes, comments, charts and etc coming!
LONG GLOBAL MARKETS FLOW INTO BITCOIN 2020If a black swan event is in play BTC will become the Sovereign fast safe haven for investors.
The world is switching from analogue to digital so to speak.
50K could be on the cards
cointelegraph.com
cointelegraph.com
www.cnbc.com
finance.yahoo.com
blockonomi.com
bitcoinist.com
www.youtube.com
COINBASE:BTCUSD
BITSTAMP:BTCUSD
BITFINEX:BTCUSD
BYBIT:BTCUSD
GEMINI:BTCUSD
BITTREX:BTCUSD
FOREXCOM:BTCUSD
BITBAY:BTCUSD
CEXIO:BTCUSD
OKCOIN:BTCUSD
CURRENCYCOM:BTCUSD
BITFINEX:BTCUSDSHORTS
BITFINEX:BTCUSDLONGS
BINANCE:BTCUSDT
BITTREX:BTCUSDT
POLONIEX:BTCUSDT
HUOBI:BTCUSDT
BINANCE:BTCUSDC
COINBASE:BTCUSDC
BINANCE:BTCUSDTPERP
COINBASE:BTCGBP
COINFLOOR:BTCGBP
FOREXCOM:BTCGBP
BITFINEX:BTCGBP
CEXIO:BTCGBP
BITBAY:BTCGBP
BITFINEX:BTCGBPSHORTS
BITFINEX:BTCGBPLONGS
BTCCHINA:BTCCNY
COINBASE:BTCEUR
CRYPTOCAP:BTC
OTC:GBTC
BITFINEX:BTCUSDLONGS
BTC GRADUAL DETERIORATION TO 9000 and 8750HI guys.
We've seen so far uptrend on B going from double bottom on 6450 and reaching 9500 without any "serious" correction ( example retest of 8000$) as main support in order to go further up.
It could not breach 9650 despite several attempts, sank lower and now struggling on 9300 zone.
It can't hold there, it will drop more.
Technical side confirms daily bearsih momentuim, therefore, i find this correction as healthy price building.
Stoch RSI shows that it didn't sank on daily yet, so, there is also room to drop.
Also, we have strong bearish EMA H6 cross.
Go short from 7-10X (for those who "bet" on bitmex" ) or simply clear your positions in order to rebuy lower.]
Good luck and thanks for reading.
Short term uptrendThere is a nice chance we might see a short term uptrend back to 9500-9700 zone, before we move down any further. We hit the bottom of our daily price downtrend channel as well as our daily RSI downtrend channel. There is also a massive MA 200 in play which should hold for now.
After the bounce upwards we should continue down a little bit pass the current low to 8300 (depends how fast everything unfolds) and there the MA 100 will be right in place.
p.s. i am a noob, this is how i trade, if you do the same and lose money, man i am sorry but i cant do nothing about it
#BITCOIN | Important Levels for PriceHello dear
As we always promised, we give you the best signatures on our humble channel, and that gives us great pleasure
Today we will try to help you know the upcoming Bitcoin price movements in the medium term
As we expected in the previous analysis, the price will drop to these areas, and this is what happened. You can confirm our words in the first analysis found below.
Now what next!
Today we will give you the best areas we expect for the price to rise again, which is well shown in the chart
In relation to the wave analysis of the price. We note that the price is formed by 5 ascending waves and is now in the case of the ABC correction
Check out some of our previous analyzes and don't forget to click on the "Like" button
Bitcoin - Bearish before BullishI believe last wick of 9300 will be tested now. I think that we must create lower low with some consolidation brefore we will see higher high. the price can still retest 10.000$, but i do not think it will break it.
I would look to long around weekly support 9050, if the price will possibly spike there.