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IS THIS THE END? (BITCOIN)I am waiting for the double top I talked about previously, could this be it? I don't know right now. I have no intentions of buying or selling right now. IF price forms a double top fakeout here and drops then there will be an inverse head and shoulders pattern at 15k. IF price rallies from here then the short will not happen until 80-100k, in which case the next dip buy will be around 50k. So what action do i take? I wait. If we break higher it is clear it is the final leg of the bull run. If we break lower it is clear we can dip buy at 15k. Long term either way we win.
COINBASE:BTCUSD
by NinjaTradingServices
Tracing Bitcoins 11th Jan flashcrash to now, extended onwards...Bitcoins flashcrash on January 11th 2021 was a 31% drop, the current one is the same length, if it holds at the current support level and maintains the 4 hour EMA then retracing the same path, extended into the future puts it at the current price in the next couple of weeks, before a push towards the £50,000 mark at the start of April just before the new tax season. Setting new ATH's from the end of March. With $2Billion BTC having been transferred over to Gemini, a more institutional orientated platform. This could be the start of the whales and institutions trying to monopolise (and stabilise) bitcoin, whilst hiking the prices for the BTC left in other platforms for retail traders. With ETH launching 2.0, cross chain projects springing up, and Celo looking to bring crypto to a more public consumer & mobile payments market, will Alt coins finally start to move away from reacting to every twitch BTC has after this?
Long
by Joeyqt
5
FINAL BITCOIN BULL RUN!OK, so to be clear in order for us to be officially in the bear market we need to create a double top on the weekly. A double top where the second peak breaks and fakes out the high of the first peak. (I will update when that actually happens). I appear to have been calling the short a little early. We are now about to begin the final bull move before a huge short. As I said previously on my bitcoin idea, price retraced, now is an opportunity to load up for the final bull run. ENTRY: 50-55k , SL: 47k, TARGET: 80-100k On the chart I have circled what we expect to happen, this is the second leg of this move and it should be veyr similar to this price action in here.
COINBASE:BTCUSDLong
by NinjaTradingServices
1
BTC completion of wave 4 of 3trade idea Trade setup on BTC (Bitcoin) this is going to be your last big buy op before wave 4 of 3 is completed and we start on wave 5 of 3 targeting between 36k to 74k GBP (I know that’s a huge range but that’s what the trend based fibs line up to), each one of the 4 price points highlighted can be the end of the down Trent (wave 4 of 3) i would prefer for the price to come all the way down to the lower warning line of the modified shift pitchfork (the white dotted line (minimum the solid white lower line), this is not guaranteed markets can do whatever they like, and you trade what you can afford to lose so don’t bet the farm (even thou I will be!) but I do expect this trade setup to play out, expect the news to really bearish BTC is dead governments are banning it that sort of shit, they might even stop you opening and transferring funds into your trading account to buy this dip (and yes they can do this and they have with wall street bets so much for the free market!) this is why you need to have funds in this now ready to buy in, I will be watching these price points to see which level will be best to buy in for long term, but this is a major opportunity! You snooze you will Louze!!!!
by Ouze
1
Bitcoin 3 optionOption 1) Long Bull trend. 1D Chart. Market currently appears to show a bear trend in Elliot wave 4 of 5. We are looking to enter on a confirmation bar moving higher from a wave 5 bottom. This may or may not be lower than the previous wave 3 low, signalling either exhaustion or a shift in momentum to the up side. Either way, we would expect movement toward the short term average, green dash line. Should an ABC Elliot wave begin to form, exercise caution and consider locking profit as this may signal the start of a Long Bear trend. Option 2) Long Bear trend, back to long term average, green dotted line. We see a channel forming (red dotted lines). An example of what this scenario may look like can be seen between Nov-2017 and Mar-2018. The opportunity here is, using lower chart timeframe, buy/sell lower/upper red channel on approach to the green dotted line provided the trend holds. This option assumes more risk than option 1 as we are working against the trend by buying pullbacks in a downward market. For this option to be nullified, the channel structure would be breached with price finding new support/resistance outside of this channel. Option 3) Alternatively, this could be an ABC Elliot wave, with wave 4 actually being wave 1 of a bull 5 wave. If so, we would expect this to break the red channel, see signs of wave 2 pullback and would look to enter on a confirmation bar moving higher to form wave 3.
by Norman21
BTC forecast GANNAs one can see during this phase of the bullrun (16 Dec - 20 Jan) BTC used the 2/1 line as effective support bouncing off the upward 1/1 line at its ATH, until breaching the 2/1 on the 20th, finding support on the downward 1/1 line. BTC has managed to get a leg up and find support on the upward 3/1 line, however it is looking weak and will now find further resistance on the downward 2/1 line. Given BTCs current weakness and current trajectory, I think it will continue to head down, reaching the volume support level at £17490 (approx $24000) between 26 Jan at its earliest and 14 Feb at its latest, although an absolute bottom could potentially be £14400 (approx $19700) as late as 24 Feb in a worst case scenario.
B
by MandoCrypto_1
1
Long term view - Bitcoin forming massive triangle. Liftoff 2023.Bitcoin is currently printing a massive triangle formation... you need to see the forest, not just the trees. Bitcoin will keep consolidating until breakout. I know it's not what you want to hear, as it's still some time away, but long term weekly chart shows that this should occur mid-2023 and in the meantime you should be able to consistently scalp for the next 2 years. Buy on lows, sell on peaks, and make sure you're holding your coins by 2023 for liftoff of the new bullcycle. I welcome all rebuttal and comments of any kind.
BITSTAMP:BTCUSDLong
by diego-d
ridethepig | Next leg up for BTC?I love it when BTC goes for a walk.... cheap cheap coins on sale here with buyers back from their vacation. Moreover they have their eyes on the $12,000 highs which they seem too fancy. 📍 And here for a change of scenery we shall dig into the LT macro chart. The multi year battlefield adds all kinds of clarity for our attack, buyers want to load the lows and trap any late sellers walking offside and catch them out of position. The technical setup here constitutes a buying opportunity from a strictly risk:reward perspective too. The purpose of protecting the $9,765 lows is endurable for the most part, naturally the retest of support is easy to defend. As long as it is holding there is still hope! Here tracking for a move back towards $12,000 over the coming sessions with a tradable momentum gambit through the breakouts. As usual thanks for keeping the feedback coming 👍 or 👎
BITMEX:BTCUSD.PLong
by ridethepig
16
Bitcoin going to $9,000We might be out of the woods alongside with the US equity market, judging by $M2 and many other factors. We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'. We are currently forming a Inverse H&S pattern with a measured target of $9,000, it will be confirmed once we get across $7,000 resistance. Statistically, this pattern has a success rate of 72.77%, the validity of it has been verified by diminishing volume into the breakout and the recent strong price action. Longer term speaking we are at accumulation levels and has a great potential to grow from here. Historically it will hit the peak a year after halving happens. However we should be prepared to see 'sell the news' near that halving event day, use low or no leverage. ###This is not an investment advice, trade with care with your own risk!###
BITMEX:BTCUSD.PLong
by JoE
2