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Btcreversal

#BTC/USDT 2HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. #BTC/USDT UPDATE:) BTC completed inverse head and shoulders and broke upside its inverse H&S the upper side Right now BTC has been 2 hours update retest 21MA and pump BTC almost 18% to 20% from here Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
BTC Looking For an Upside Break!!?Bitcoin id looking to break up and above the 0.7 FIB level which also has over hanging resistance coming from the descending channel, we wicked all the way up and above both these levels but have since come back down, what im looking for tonight on our daily close is a push up and close atleast above the 0.7 FIB! This opens the door and allows us a better chance at making a push to breakout of this descending channel, as for another level of resistance we will face is the 40k-40.7K zone, breaking above 40K and holding it is going to be a very bullish sign. Looking at our automated ABC pattern detector we are currently forming the C structure with a target of about 41.2K - 42.8K, if we can successfully complete this pattern we will be ending up in a very good spot above some major resistance levels. One thing that is crucial for PA going forward is that we need to break the current downtrend we are stuck in, that starts with all the breaks of resistances i was talking about but also making that C run complete and from there continuing to move up. A good way you can keep up with the current trend is looking at the RSI, being below the midline like we currently are confirms a downtrend, we need to break above the midline and hold above to see a confirmed uptrend come into play. Looking at our MACD we notice that we actually just got a bullish cross, now don't jump to conclusions too fast, we need this to confirm first, our MA's are tight together and as you guys know this allows for a quick reversal and bearish cross. What we want to see going forward is these MA's start to move apart creating space between eachother making it more difficult to trigger a bear cross, another important thing we want to watch is the histogram, we are currently on our first green bar which is a great sign but moving forward we need to see these green bars continue and we gotta see an increase day by day showing an increase in bullish momentum. Now the Wavetrend, we are looking very good here overall, we bottomed out in the buy zone and we seem to be reversing very nicely, our wave has crossed over the red crosses and is beginning to move to the upside, we have been trending down for quite awhile now and haven't seen a significant bullish wave so thats exactly what im looking for here. Keep in mind the wavetrend is a slow mover and rarely ever has jagged turns and moves, we see smooth transitions between waves, the one key level we need to break above to really confirm a strong bullish wave is the resistance level coming from the last peak from the 15th of January! Not financial advice just my opinion!
BITFINEX:BTCUSD
by JacobR905
BTC Finding Support!BTCUSD on the daily timeframe has found some strong support right around 35K (USD) and it seems we are showing some strength moving forward, however we can't be too confident as of yet due too how the market is moving on a daily basis. Either way i am looking for a reversal at some point soon, in previous cycles we saw many corrections ranging from 30-50% even sometimes there has been larger downside flushes, in a lot of cases following the correction prices saw massive growth and an impulse to the upside. Looking at our resistances that are coming up very soon are the 0.7 FIB level at 37867$, we have resistance from 39K-40K and finally we have resistance coming from the midline on the bollinger bands. Now lets look at that, a good sign right off the bat is that we are steadily seeing closes off of the bottom band, as you guys can see closing our daily on that bottom band triggers a big run to the downside (in most cases), so its very positive that we are showing strength by coming out of that and off the bottom band. The longer term goal for us on the bollinger bands has to be breaking through that orange midline, being above here opens the door for us to make a run for that top band, where with same as the downside, if we close ontop of the top band we could see a fast sharp move up! Now the MACD, we are slowly but surely coming out of a bearish cycle, our red bars are decreasing each day and we are heading for the midline where we can then flip to bullish. We want to see the blue MA break above the orange and have some vertical shape to it, moving up steadily and keeping separation from the orange, the reason being is because having good space in between makes it more difficult to trigger a bearish cross, also this allows price action to have a cool off day or two without trigger that bear cross. The final thing we want to see on the MACD is a strong push above the midline on the histogram, we need to see increasing green bars each day showing an increase in bullish momentum. Now lets look at the wavetrend, we are bottomed out it seems, we are reversing out of the buy zone at the very bottom and we are looking for a continued smooth transition to the upside, if you look at the daily wavetrend you will see that these transitions are smooth and rarely have jagged moves, so we can expect a decent bullish wave coming up soon, we haven't seen a wave above the midline in quite some time so hopefully we can see something close to this soon. Overall i am looking at many different buying opportunity's around the board, of course dollar cost averaging in! Not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905
BTC Reversal Anyday Now!!?BTC is still pushing down with big bearish pressure, we are currently sitting at 33.5K and i personally believe a reversal is in sight anyday now for Bitcoin! I am looking at our current area all the way down to the 30K mark where a reversal could be likely, 30K is a strong and established level that is also held up by the underlying 1 FIB at 28.6K. We have current downtrend support which was resistance coming from our ATH so we got a stronger level here aswell, we don't want to see a break below here and especially not below 30k, personally i think the 28.6k 1 FIB level will be the final level before reversal if we did see a push that far. Checking out the RSI we are very oversold and we have been for a little bit now, this usually gives hope of a reversal coming soon. We will definitely have levels of resistance to break along the way back to the upside but the most important thing is regaining that midline, if we do we can confirm a new uptrend and if we don't well you guys know, confirmed downtrend until we do. Now looking at the mean reversion channel, first thing that we notice is the yellow and red bands, this represents very oversold, just like we see with the RSI, now if you go back in time and check out the dips we had into this oversold band you will notice that we rebounded very strongly out of this area, now this could be a matter of time of course, sometimes we spend multiple days in this zone and other times we just spend a couple days in here but overall at some point we have to reverse. Ultimately we should be looking at a comeback to the mean, which is the yellow line in the middle around 52.6K, at some point price tends to revert back to its mean over a gradual timeframe. Like i said before i believe we are in the final stages of this massive flush, we either have a short period left of downside or we are going to reverse very soon, both ways this provides very nice entries and buying opportunities that i am taking advantage of! Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
Bitcoin Falling Wedge!!Bitcoins still struggling to break up to create a higher high and that may be due to the fact that we have a very obvious falling wedge pattern playing out, price action has respected both levels very strongly and we are seeing that currently with our daily candle getting what looks like a bounce off the top of the wedge. Now historically falling wedges have a high chance of breaking out to the upside but as we all know especially if you are trading there is always the threat of being flushed out before the move actually plays out, and thats exactly what i think we are going to be looking at here. I have drawn out a box ontop of the 0.7 FIB level or just about 38K where major longer term support lays, i think this area is going to be a very likely bounce area or flush out area where a big institutional wick comes into play, the thing is this falling wedge should realistically be coming to an end right around the 0.7 area if we don't breakout sooner, we have the bottom support lining up perfectly with 38K. Another indicator that is very accurate and should be looked at is the mean reversion channel, the oversold-strong oversold area lines up once again with our 0.7 FIB level and as you guys can see at our ATH we were strong overbought and shortly later a big downside was triggered, same thing could apply here where we land in the oversold area, maybe consolidate for a brief period before then recovering back upwards. Looking at the squeeze momentum indicator, we still realistically have some downside left to go, we are currently coming out of a bearish squeeze and are currently fading out of the squeeze release portion, which is the most explosive part to this indicator. The main thing is that we are slowly but surely coming back towards the midline where the opportunity to trigger a bullish squeeze is there, what we want to see continue is the red bars decreasing day after day like we have been seeing recently, showing a decline in bearish momentum and then a strong push into green territory where then we see rising green bars day after day. Now the Wavetrend indicator also gives me more confirmation we are going to dip a bit lower, and the reason being is that the wavetrend after coming up briefly is beginning to come back down, we have a strong curl currently in play and we are beginning to come back down, i personally think we could see something similar to what i have drawn out, a W shaped recovery, we will need to come back down to the buy zone where then we get a bounce and begin the road to recovery. Overall all of these different factors play into the same outlook i have on BTC and the market, everything confirms a little bit further for the drop before having a strong recovery! NOT FINANCIAL ADVICE JUST MY OPINION!
BITFINEX:BTCUSDShort
by JacobR905
2
BTC closes above the 200D EMA! Very BULLISH!Here's a Quick look at BTC daily chart. As we can see, the price managed to close above the 200 Daily EMA which is extremely bullish! Last time it closed above the 200D EMA after being below it was back in April 2020. The price ran from 9k to 65k (760% gain in price) last time it closed above it! We could see something similar now! Fun fact: Last time the RSI was this high on the daily TF was on 13. april - When BTC put in ATH! This could very well be the start of a massive uptrend - very likely to new ATH! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
9
BIG Reversal COMING!? Triple Bottom Reversal imminent!!! Here's a quick update on BTC 4 hr chart. As we can see the price has dropped a lot the past few days and it seems like 31k is a very strong support with bunch of buy order stacked at that zone. It is very possible that we see a much bigger triple bottom reversal very soon. The case is as shown in the chart about the triple bottom reversal - the target for this triple bottom reversal is all the way at 50k!! It seems like 30k was the bottom! Tho if we break 30k then expect 18k. Also a point to note is that the RSI is in a zone where it tends bounce every time it gets there. We are looking for a big reversal soon! And keep in mind that S&P 500 hit new ATH few days ago. And BTC has been very correlated to S&P. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
15
Bitcoin Price reversal April 08April 08 will probably be the first bearish day for bitcoin after a series of bullish runs in the past 2 weeks. To indicate this reversal, I have used the the trend based and time based Fibonacci drawing tools, and they have predicted the beginning of a reversal on the 8th of April. This might only be a prediction, but we have reason to believe that is is mostly accurate since the chart shows previous price reversals upon contact with Fibonacci lines. Using key support and resistance levels, I have also predicted an approximate maximum value of $62,700 for BTC in this bullish run. This idea is only published for educational reasons. Thierry
BITSTAMP:BTCUSD
by TraderThierry
Possible reversal startedI believe their is a strong possibility that a reversal has finally begun... i have been waiting for atleast a week for the down trend to get between my red and green trend lines. Not only has it got there but I believe I see strong signs that a reversal has already started before even getting near the bottom of the trend lines. If i am correct then you should see the price follow my light blue lines that I have a arrow pointing at for the short term. Note:that the light blue channel is very short term , should be obvious by how small the area, price will dip eventually while following that channel and create the full uptrend channel
BITMEX:BTCUSD.PLong
by Skimanner
2
BTC Pattern RecognitionGood morning and welcome back from the long weekend. This morning (1/22) we saw a brief selloff followed by a quick reversal here in BTC. We like to look for patterns and trends, and what this price action reminds us of was the quick REJECTION of the pop up to ~$4,200 on January 8th. Seeing no follow-through, BTC went sideways for roughly 48 hours then back-filled this rally that started on January 6th. Today we are seeing a similar chart, just flipped upside-down. On Sunday January 20th we saw a sell-off, and this morning watched an attempt at a follow-through get stopped in its tracks and reverse almost $150. This price action could be a tell for a potential backfill in the coming days from this weekend’s selloff. If this occurs, we would likely see bullish sentiment in BTC, with market participants claiming $3,600 as a major support level, and small rally into this $3,600-$4,200 range. We are still BEARISH here at BitOoda and believe rallies could be sold into, as the lows of mid-December may be revisited. Until then, we try give color on the spots in this range in which we feel traders can get in and out quickly to make short-term profits.
BITFINEX:BTCUSDLong
by BitOoda_LLC
3
BTC Reversal levelsLower volume than prior uptrend indicates weakness, if you take a look on the weekly chart you can also see bearish engulphing candle that took off 3 weeks of uptrend in just one candle, in fact 85% of the retracement was given in 24 hours, this is something that we can't ignore, selling preasure was way too high, and it will probably show up its power again between $6740/$6850, zone where we have a Strong horizontal resistance, plus 100 daily ma and 20 daily ma of bollinger bands. For now there are no signs of reversal, no bear divergences in smaller time frames either, this reversal is most likely to happen in 2 or 3 more days, before the weekly candle closes on sunday 16.
BITFINEX:BTCUSDShort
by bitcoinwizard1
BTC Case for BullsBTC is currently resting on pitchfork 1.75 fib support. I don't imagine it holds, as there is almost zero historic price action in this range. The full extension of the pitchfork is confluent with the .618 fib retracement level, which to me makes perfect sense for a bounce. If this holds, we validate the bullish case for a potential reverse in market sentiment => establishing a higher low which hasn't happened during this bear market. Watching this VERY closely. Target Long entry would be between 6720 and 6850. 6720 is bottom of golden pocket (.65 fib retracement) and has a lot of historic price action. Also it is a fake-out break-out from the pitchfork. I'm afraid that if 6675-6700 doesn't hold, we set up a scenario that most likely re-tests the April lows (6400), then June lows (5800). 5800 has been tested 3 times, so likelihood of it holding is not very likely. Pray for a bounce here...
COINBASE:BTCUSDLong
by CryptoY0L0