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Btcweekly

Btc nicely closed on weeklychart but Don't be FOMO in!!Technical Analysis: #Bitcoin(weekly closed) In weekly time frame, btc trade above the both MA's( 21 and 50) and did nice bounce from 21WMA and Bitcoin did really nice closed on weekly chart but need break downtrend on weekly basis as well as RSI at resistance now, so Do not let your emotions make you FOMO. Keep a hold, look at this chart again and again until you understand that the momentum is fading while the price is increasing. I don’t know. Just my thoughts. DYOR REMEMBER what I said, close above 52.5k means moon. Until then everything is a trap, at least for me. You can make your own choice. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
by Bitking786
4
BTCUSD ~ WEEKLY ~ Retracement & AccumulationTaking a "zoom out" perspective here, mostly on the W and D charts. TL;DR = we should see approx ~35% dump on BTC over the next week or two. This is healthy and expected to continue this bullrun. Thats about $44k zone on BTC. All other coins will also dump, respective of their BTC-pair ratio (eg: the smaller the coin, the bigger the dump). EG: ETH I expect to dump 40-45% from its ATH in this dip cycle. What does this mean? IDEAL time to be BUYING! Might be the last time we ever see BTC below $50k and ETH below $1500. Whats going on? ------------------------------------- Looks like we are about halfway through this bull run, which means the biggest gains are still ahead. Like in last bullruns, we repeated effectively the same pattern, with an avg -35% dip between pumps. We have had an amazing run up to where we are right now, but we are long overdue for a retracement. In the last bullrun it was approx ~150 days between start and end of the first pump wave, then about a month of -35% retracement. In this bullrun we are already above ~220 days since the start of this first pump wave. So as many predicted, supercycles are getting longer, but we should still retrace to be healthy. Dip cycles ------------------------------------- So - IMO we are looking at the first wave top at $64k, and should now retrace approx 35% (29% to 40% previous bullrun wave retracements). Which puts us nicely along another touch of the 20W MA (yellow line) and lines up pretty well. Another thing to note is that in every previous bullrun, we always retrace to touch the 10W and 20W MA's. We havent been anywhere close to touching those MA's for months now, so yes, to keep the market healthy, we really do need to drop down and touch it again. Technical Indicators ------------------------------------- There is also a rising wedge on the D and W chart (easily visible on the W chart). Rising wedges tend to drop, which we already did over the weekend dump. If we do not immediately regain position into the rising wedge, then we can consider BTC having dropped out of it, which also means a drop down to support (either horizontal or MA). So there are many many technical indicators showing that we will drop to the roughly $44k-45k level: 1) It is a horizontal support 2) It will allow us to retouch the 20W MA 3) It is a volume support zone DYOR... ------------------------------------- What am I going to do? Setup buy orders with a spread of +/-5% of this level across all charts. I typically set between 2 and 4 buy orders which line up with supports on the D and W chart. I think this makes it very easy for us to rebuy this dip, with all these TA's lining up so perfecly if we do drop to 44k. Expect a very strong bounce at this support zone, and I believe we will probably see either 85k or possibly even our first ever 6-digit BTC zone (100k+) as a result of the subsequent pump. Do I sell if I know we are dipping? I used to do that....and made too many big mistakes...so now, I just dump all my crypto into yield farming and buy even more on the dip. No point selling, because none of us is ever going to get the exact bottom. I sold 90% of my ETH at $355 on the dip months ago, thinking I could pick it up cheaper. That was 500 ETH and a $1.2m+ mistake. Not worth it at all.
KRAKEN:BTCUSD
by ezpi
2
BTC Longterm Setup - 200MA KEY LEVELJust a possible long-term setup I thought I could share. Up to date, any time you purchased at 200MA Weekly made you very rich over the next year and so on. Following the start of the bull phase, it's shown it is best to reaccumulate at the 21MA Weekly, still providing immense gains in the weeks ahead. Check out the chart from 2014 to 2017, which was also in a bear trend leading up to the halving. Things to note: We are still in lower highs and haven't broken out of the macro key resistance levels just yet, but this sideways action does support the bulls the longer we keep this up. We seem to have good volume to support a breakout. If i see price levels near 6.5k, I would look at that as a great opportunity for a low-risk high-reward long-term setup. *BUT, if we close daily candle bodies below the 200MA then the entire trend that has held for the past decade until today will be negated! Something to definitely keep an eye on for sure. In the past, we had quite a few chances to accumulate at 200MA weekly before finally breaking out to the upside and staying above the 21 weekly for the next few years. This is why i included the possibility that we may only dip to the 21 weekly before heading up again simply because of the volume the past few weeks. Bankroll management is key here. I will personally accumulate at 21 weekly and play a possible bounce but will also be super ready for that possible downside move to the 200MA key level. This isn't trading advice, just my opinion on the current market. Safe trading, cheers.
BITSTAMP:BTCUSD
by thiluxan_s
5
BTC - Are we out of the woods, yet?Now that we have a local higher high, I'm feeling bullish on Bitcoin. However, I know better than to FOMO in. There a couple things that indicate we may not be out of the woods yet. Zoom in closely to the areas I have circled in red and pay attention to the GREY 4 hour 10 MA represented on the weekly chart. I outlined 2 of them with blue triangles to highlight them. Noticed the lower local high on the MA in comparison to the price action. This is a fast moving MA so shouldn't take much for it to reverse. If it reverses from the 9k range that is surely a bullish sign. However, if it plays out the same as it has within the past year, we may see some downside maybe around 7 or 8k. It should become clear within a week or two. Looking at the overall weekly history of bitcoin, we are very bullish at this level if we can maintain it. That's the hard part. If this post gets 10 likes I will update with my BTC long entry. Thanks!
BITSTAMP:BTCUSD
by peakindicator
4
Bitcoin Weekly - Zoom Out! Logarithmic Chart If we go lower into the next ranges of support, as discussed in the last idea, don't worry cause imo long term bitcoin is still on the right track! Just zoom OUT and watch bitcoin grow on the chart. What a fascinating chart this is! Bitstamp is currently the exchange noted on trading view with the most data going back to 2012. The run to up now to ATH @ 20K USD looks simple but in the short to medium term it looks like we will go lower, accumulation then begins and we run up from here imo. I will post when I believe the momentum is changing to the upside. However, those with prediction models of bitcoin at 50-100k and + in the future are more than plausible. This is especially true if bitcoin can continue on its historic path and new supply cuts continues to have its effect on price. The discussions of introduced minimal interest rates means there are not too many places as stores of value left for the common man. Especially if you disregard speculating with the baby boomers in an already over inflated markets, with over valued companies, that is a time bomb ticking, not to mention ETF potential as noted by some. Its pretty clear to see that something has to give, its a matter of time. Maybe Gold is the other option here as has been the case in other recessions? but don't forget to consider that bitcoin continues on its journey and programmed in its design is the supply schedule, giving us a truly scarce digital store of value and medium of exchange - uncontrolled, trust-less, that is continuing to become stronger every passing 10 min block produced and if we zoom out its only ever appreciated over time. This will remind me to see past the short term hype or FUD and observe its momentum... this will be the chart to check again each year and see bitcoins journey. Mattchimoku * ON THE CHART - ZOOM OUT * - Start with the Weekly trend, then dive down to Daily/4HR/1HR Not in any way trading advice, considered my personal perspective only.
BITSTAMP:BTCUSD
by mattchimoku
1
BTC/USD Huge Weekly buy signalFor the people that have been waiting for that Weekly 21EMA test to buy your time is fast approaching. Currently sitting at a nice confluence zone of $9000 I believe this area to be a great time to get back into spot/leveraged longs. Sure price can run right through to the low $8ks but there is a higher probability that price sees a significant reaction at the $9k zone. Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
BITFINEX:BTCUSDLong
by Chloster
BTC/USD significant move comingAs you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily time frame what needs to happen in order for $BTC to pull it off I'll be posting a chart after this. Have a nice day and trade safe! DYOR its not a financial advice.
BNC:BLXLong
by groveguy