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Bitcoin Price Action Outlook 13 May 2021Bitcoin price surged a little bit from 60k , now heading towards sweet buy spot and we are able to get good prices for long entries. More details covered on the chart. Please make sure you know how to manage risk and position size. On the chart main focus on Daily Moving Averages (DMA) with length 100 and 200. This DMAs making good support zone for trend movements and pretty solid for buying during the trends. Current price fluctuated below DMA100 and above DMA200, which on my opinion is pretty good spot for buying. BR, Artem Shevelev
BITSTAMP:BTCUSDLong
by ArShevelev
6
Bitcoin Ready for next move Up or Down..?#BTCUSDT TA update:- $BITCOIN currently trading above $50000 And as I drawn my chart this is retest level at $47000 has been done. Now I am expecting bounce back from here. Entry:- $47000-$50000 ( spot ) Targets:- $55500/$59393/$65000 Stop Loss:- below $45000 and I will update here. Support:- $47000/$41000 Resistance:- $55500/$59393/$65000 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
10
Bitcoin Below Daily Red LineAs described by @RafaelZioni, the Red Line is an indicator that is a: "simple script that give easy indication on the state of your asset above the red line is bullish below is bearish the line is based on modify level of regular pivot S3 without the MTF function" Bitcoin is now below the Red Line on the daily chart and falling into bearish territory. Could this be the start of bear market? Targets would be horizontal portions of past Red Line areas.
KRAKEN:BTCUSDShort
by JoelRBishop
If the Fed Raises Interest Rates, Where Will Bitcoin Go? A 15-fold increase in 57 weeks isn't the biggest rally in bitcoin history, but it's a standout compared to the surrounding markets. US stocks tumbled and the US dollar rebounded yesterday after the release of higher than expected CPI figures, intensifying expectations for US interest rate hikes. But the digital currency market seems to be stable, but the Federal Reserve really raised interest rates, digital currency will be so calm? When Satoshi Nakamoto designed Bitcoin, which is 14 years old, he hoped it would become an anti-inflation tool. But for the first 10 years, Bitcoin was more of a token for dark web transactions, which was certainly not acceptable to the government. As Bitcoin's influence grew, in 2017 the Chicago Board of Trade launched a bitcoin futures contract, which opened the door to bitcoin trading as a commodity. But that has not given him much relevance to the dollar. Until the COVID-19 outbreak in 2019, the United States responded to the economic collapse by printing a lot of money. The flood of dollars was like a hungry Wolf, looking for prey everywhere. At the same time, Wall Street tycoons have found a cheap digital currency (Bitcoin dropped to $4,000 in early 2020, with a total market capitalization of less than $100 billion). Bitcoin is much easier to manipulate than gold, and most importantly, it is unregulated and completely anonymous. Thus, Wall Street's script for the Bitcoin myth has officially arrived. From Grayscale and MicroStrategy to Bakkt, a spot exchange was launched. From "insiders" constantly touting Bitcoin as the best alternative to the dollar, to the advent of digital gold; Institutions from Fidelity to Morgan Stanley to Citigroup rushed into the Canadian ETF listing; From Coinbase landing on Nasdaq to Musk hyping Doge. Bitcoin has soared from $4,000 at the beginning of 2020 to an all-time high of $60,000. We've seen a complete crushing of commodities over the same period, with gold taking the lead. If inflation-fighting logic has been Bitcoin's talisman, does a rise in the dollar mean the currency is set to peak? Does the prediction that bitcoin should hit $100,000 or even $400,000 by the end of the year fail if the so-called trajectory of bitcoin follows? This is a paradox for Bitcoin. First of all, the current investment subject, from retail investors in Asia, is converted to a Wall Street tycoons, so their money, should be on the water come from the federal reserve this time, if the dollar interest rates, this part of the money back, whether to mean that they are not out of bullets, then the currency by faith to shore up their selling? Second, as the preferred trading tool of the dark web, digital currency has never ceased to be controversial since its birth. Recently, the US pipeline company was extorted. In this case, digital currency has been pushed into the storm again. Third, in the face of the rise of tens of times, hundreds of times the digital currency bulls firm faith, or cash out? If the dominoes fall, who can save the day? If the U.S. economy does fail, can digital currencies dodge the bullet? If bitcoin is the inflation-fighting digital gold, then higher dollar rates mean bitcoin should fall. If it doesn't fall, it means there's no correlation between bitcoin and the dollar, and the institutional logic has been falsified, and the market could return to the days of retail investors.
COINBASE:BTCUSD
by peter-l
Bitcoin ABC Correction Within the ABCSo far the plan i drew 3/4 weeks ago, played out pretty nicely, therefore at the moment it is still my game plan and i have no reason yet to change it. What was pretty funny, think i posted it a day before the 64/65k high, was the following: I was talking to a good friend of mine (who doesn't trade crypto), that works at small factory with 200 employees, he was telling me, the cleaning told me today that she was buying crypto. Immediately Red Alert inside my head and i wrote about it in my channel. Also because it coincideded perfectly with my short term bearish view for Bitcoin. The days after it didn't matter where i went, everyone's wifes and kids were even trading crypto :). Now of course this is not a golden rule and 100% sure thing that it's the end of all the fun we had past half year. But it is most definitely a reason to be on high alert and to think about where you stand with your portfolio. Another, not at all surprising thing is the following. I have some people from my groups who i talk with regularly with significant crypto portfolios. As everyone who was in at least half year ago, made some crazy profits. I was asking them the same questions: 1) Do you remember what you told me in half way 2018? "Yes i do, if i would get a second chance to sell at the ATH prices of 2018, i will most definitely sell!!" 2) Do you remember what you asked me to do for you back in 2018? " Yes i do, that if we would ever reach those 2018 ATH prices again, to help me be smarter this time. All conversations with everyone took many hours, but too much to discuss. One more question i would ask them, and they all gave the same answer. Even some friends/people i know here in my home town who made 6/7 figure profits, would give the same answer to this question as my vips: What do you think about selling a good % of your portfolio, to secure some profits?: (With some i was doing a video call, they were all making funny faces LOL, including my friends). " Uuhhmmmm, aaaahhhh, Aaarrrggggg, I don't know, this time, i really do think it's just the beginning". With some i would almost fall of my chair from laughing so hard :). Eventually, my conclusion was, which i would literally tell them, is that they are junkies, junkies to the extreme profits they were making in such a short time frame. It's no surprise at all, because this is what markets do to the more inexperienced people, they give you the feeling that the only way is up. They give you that feeling, that only an idiot would sell here. Mostly bacause its been buy the dip for a long time now and because the gaines are so extreme. Just like with the basic pyramid scheme. I heard stories of maybe 20/40 people back in 2018, about Bitconnect. Not one person, took out even $1 dollar, everyone was putting in all they were earning back in, to compound the profits and earn even more. Even the ones who started with that pyramid almost a year before it collapsed. The bull trend of past half year or so, is somewhat similar, because everyone who was in and Hodled, made at least 5X and some even did like 50x. Conclusion of this, each and everyone of them, surpassed their goal they had a year or 2 ago. Some even with 200/1000% more with what they were dreaming about. But still it's not enough!!! So trust me when i say, it doesn't matter if your balance went up from $50 to $10.000, or from $100.000 to 50 Million, everyone says and does the same thing. It's simply never enough. What nobody understand is, if things go wrong and we turn to a bear market again, they will never sell if they drop under a certain level. If you ask them now, they will all say, i will sell everything if it drops 20/30% (or whatever number). But the day it happens, not even one will pull the trigger to sell. Then they see it bounce, and think "yes, i made a good decision, it was just a shake out". But then we get a lower high and drop even lower. Then it drops below their critical level, that they get depressed (even though they are up maybe 1000% (or much more) from a year ago). With that reaching the mindset of thinking, F it, i will sit and wait and Hodl. Think everyone who was in this market in 2017/18 knows exactly what i am talking about. I can't predict the future and neither can you, nobody. Except maybe the people who have the money or tweets to move markets. But why risk all you have if there is an easy solution to this all. Which is, sell a part of your portfolio and risk with the rest. At least then you have secured something. To be clear, i am not saying bear market has started, it could, but there is nothing real yet to say that. Just don't let others mess up the plan you possibly had months ago, especially not by friends who have no experience. Also, don't get influenced by all the news and things your read from others. Because in 2018, during the rallies, the market would always be flooded with bullish news. Stick to your own plan and try not to be too greedy. Selling a % and see market go 10x, you earn less than you could have and maybe feel bad about it for a while, but eventually you will acknowledge its a luxury problem, you could even laugh about that. Never taking profit, having reached levels you didn't even dream about a year ago. Then a year later seeing your portfolio having dropped 90%, could be devastating for the rest of your life and decision making for everything you will do from then forward. Possibly making the losses even bigger than only finacially!! Okay, now to the business at hand. In the chart you can see the big ABC correction, which is still a likely scenario for the coming month or 2. The bounce we had from the 47k has been pretty strong so far, but today it has been slowing down a bit. At some point, we should get a drop to make a higher low (yellow line). Whether it starts now or we go up some more, but most of the time it happens. Very rarely see it go up in a straight line after such a big drop we has past week. There is a chance that the correction is already over, meaning the ABC is already done. So which one will it be? For that i try to look at 2 realistic outcomes, which are the 2 blue lines in the middle, number 1 and 2. So these 2 represent possible movement of the yellow ABC. If we would see something like number 1, then chances are the big correction is already done and we might continue to rally to make a new ATH coming week or two. If we see something like number 2, then my game plan will be the bigger ABC correction. Short term we have a big resistance zone up to 57K. 60K should also give a lot of resistance. Think a break of 62Kish, would mean that the ABC correction is probably already finished (real confirmation is break the 65K high). On the downside 52/53K is a good support zone, think 50K, maybe 49K should be the real max (in case we see a drop coming days). About alts, its much more difficult to say, because even in 2018, after the ATH was set, we would always see some individual alts still pump like crazy, despite being at the start of a bear market. Please don't forget to like if you appreciate this :) Previous analysis:
BITSTAMP:BTCUSD
by botje11
221
Bitcoin Current update bullish or Bearish..?#BTCUSDT TA Update:- $BTC currently trading at $56900 And also bounced back from strong support at $55500 I also Told you about this supin my last update. Now..? Now Bitcoin is still bullish and I am expecting $59500 and $65000 first resistance. Also keep an eye on my support level. New support level:- Support:- $53000/$47000 Resistance:- $59500/$62292/$64773/$74283 Please click Like Button and appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
11
Bitcoin Ready for New ATH and our TP2 achieved #BTCUSDT TA Update: $Bitcoin Currently trading at $59250 And our 2nd Resistance hit. Now..? According to TA $59500 is also resistance level. If this breakout then ready for $65000 This is now big resistance. Entry:- $54000 ✅ TP1:- $55500 ✅ TP2:- $59398 ✅ Still I am expecting big move from here. But don’t forget your stop loss. Our Stop loss is now our entry. Support:- $52000/$55500 Resistance:- $59398/$62293/$64773/$75k Please click Like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
21
BTC decision time soonBTC has been following along it's current trading channel for a while. However it's running out of time for a decision. Each time BTC tests the upward trending green line, it weakens. I've noticed over the years that the fourth or later attempt is usually when resistance/support fails. However, Bitcoin has already hit support a fourth time and survived (marked by the yellow support arrows on the chart). The difference is, BTC is running out of time to decide. If it breaks the top green line, BTC will go to new all time highs. If falls below the upward trending green line it will drop down towards previous support levels. Watch for it to break either green line and trade accordingly.
by MrInvertigo
Bitcoin | Bulls Continuously trying to Reclaim the 58k..!!#BTC (Update) Bitcoin Bulls Continuously trying to Reclaim the 58k Area (Green Line), Daily Candle close above would be ace 🏄🏼‍♂️ If Daily Candle Closed Above the 58k Resistance, Next Stop would be 67k (Higher High). In Worst Case, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 50k Support Area 📉 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITFINEX:BTCUSD
by Faibik
Bitcoin First Target hit and still rooms for $75000 ..?#BTCUSDT TA Update: $Bitcoin Currently trading at $55400 And our 1st Resistance hit. Now..? According to TA we want to breakout $55000-$56000 resistance. This is now big resistance. Entry:- $54000 ✅ TP1:- $55500 ✅ Still I am expecting big move from here. But don’t forget your stop loss. Our Stop loss is below $52000 Support:- $52000 Resistance:- $55500/$59398/$62293/$64773/$75k Please click Like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
13
Bitcoin Ready for $75000 and is it Good entry for Buy Bitcoin..?#BTCUSDT TA Update:- $Bitcoin Currently trading at $54000 level. And this is retesting level. Now..? As per TA we can see this is perfect retest level. So I am buying here some BTC from USDT. Entry:- $53000-$54000 Targets:- $55500/$59398/$62293/$64773/$75k Stop Loss:- if any big time frame candle close below $52000 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDLong
by CryptoPatel
29
BTCUSD ~ Correction Continuation Incoming (high probability)After ETH hit a new ATH and BTC didnt even budge, I think what we are looking at is a setup for a major market correction, after which we will see new ATH's across the board in a massive and unprecedented pumps that will take the overall crypto markets to new levels. We have been expecting BTC to retouch its weekly support MA's for a long time, and it hasnt. Meanwhile those MA's are catching up, but they are still in the 40k's zone. A healthy correction down to 10W and possibly even 20W MA would setup the entire crypto markets for a very healthy extended bullrun; especially given ETH and ERC-20 tokens recent pump to new ATHs and recovery levels. Get your long pants ready in the coming days/weeks!
KRAKEN:BTCUSD
by ezpi
Bitcoin | 11th Consecutive Weekly Candle Closed Below 60k..!!#BTC (Update) 11th Consecutive Weekly Candle closed Below the 60k Key Resistance.. (Bulls Need Strength) Weekly EMA21 (46k) Acting as Strong Support Since 27th April 2020. Volume has been Continuously Descending Since 4th January 2021. RSI Printing Bearish exaggerated divergence 📉 If Weekly Candle Closed Below the EMA21 (46k), Bitcoin Might Retest the 30k Support Area. In Bullish Case, If Weekly Candle Closed/Open Above 60k Resistance, then Next Sop would be 80k (New ATH) Daily Timeframe Analysis.. From last 5 Months, Bitcoin has been Moving in Ascending Channel (Forming Higher Higher & Higher Lows) If 66k Resistance got Cleared, expecting Another Higher High & According to Ascending Channel Bitcoin might Test the 110k 📈 If Channel Broken Downside (Bulls lost the 50k Support Area ), Bitcoin might test the 30k Support Area 📉 If Bitcoin Remains inside the 50-60k Range for Next 2-3 Week then We Can See Bullish Rally in Altcoins. (Mini #Altseason) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITSTAMP:BTCUSD
by Faibik
2
Bitcoin | Rising Channel & Altseason..!!#BTC (Update) From last 5 Months, Bitcoin has been Moving in Ascending Channel (Forming Higher Higher & Higher Lows) If 66k Resistance got Cleared, expecting Another Higher High & According to Ascending Channel Bitcoin might Test the 110k 📈 If Channel Broken Downside (Bulls lost the 50k Support Area), Bitcoin might test the 30k Support Area 📉 If Bitcoin Remains inside the 50-60k Range for Next 2-3 Week then We Can See Bullish Rally in Altcoins. (Mini #Altseason) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITSTAMP:BTCUSDLong
by Faibik
13