Longbtc
BTCUSD - Short-term trade ideaEven though I am a medium-term seller of BTCUSD, the short-term picture suggest we may see higher.
The inverse Shoulder Head Shoulder pattern witnessed, suggest that the break above USD 50,718 should translate by a USD 27k (rounded) increased price short-term. In other words, for those interested in short-term play, buy in to pullbacks above USD 50k for a profit objective of BTCUSD 77,000.
BITCOIN WILL BREAKOUT THE RESISTANCE AREA (44000$) SOON!As you can see in the chart, the price of BTC is in the triangle pattern which now is broken, and retest it
EMA 21 & EMA 50 are supporting the price very well. For now, we may have a correction to the 42000$ area again and then go up and breakout the resistance area 44000$
we will see BITCOIN above 44000$ soon and then our target can be 47000-48000$
GOOD LUCK
IS POSSIBLE BTC AT 56k ?? YES.BITCOIN RIGHT NOW IS IN OVERBUY, SO POSSIBLE 45-46K FOR ACCUMULATION AND THEN GO TO 56K !!!
Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank.
Every transaction is publicly broadcast to the network and shared from node to node. Every ten minutes or so these transactions are collected together by miners into a group called a block and added permanently to the blockchain. This is the definitive account book of bitcoin.
In much the same way you would keep traditional coins in a physical wallet, virtual currencies are held in digital wallets and can be accessed from client software or a range of online and hardware tools.
Bitcoins can currently be subdivided by seven decimal places: a thousandth of a bitcoin is known as a milli and a hundred millionth of a bitcoin is known as a satoshi.
In truth there is no such thing as a bitcoin or a wallet, just agreement among the network about ownership of a coin. A private key is used to prove ownership of funds to the network when making a transaction. A person could simply memorise their private key and need nothing else to retrieve or spend their virtual cash, a concept which is known as a “brain wallet”.
Another Wyckoff Accumulation forming + Bullish Gartley.Looks like another Wyckoff Accumulation pattern is forming inside of a Wyckoff accumulation. Yesterdays crash to 31500 was the spring of the pattern which also was a completion of a bullish gartley. We are currently in Phase C of the Wyckoff accumulation pattern on this smaller accumulation. Remember, the Wyckoff accumulation pattern is a manipulation of the lows which is clearly visible on the chart. There are also bullish divergences on the RSI and the MACD! Really good entry for a long position after the test of the spring. Targets to look out for would be the 41-42k area. Don't forget to follow for more trade setups. Good Luck traders!
Buy the Bitcoin Dip on the daily chartIf you are a big believer in Bitcoin, this is your chance. We are seeing a lot of support levels and loads of buy signals. 31,000 then the big psychological level of 30,000. Even 29,000 which we haven’t really seen Bitcoin at since the start of the year.
If you wanted to invest in BTC but thought it’s too high at 60,000 and that you missed your chance, this is it.
Of course, you might not believe in Bitcoin or cryptocurrency in general and you are trading and trying to take profits. I would be careful then and make sure the support holds. You can’t always buy the absolute bottom and sell the absolute top, wait for the market to support your ideas before you get into the trade.
As mentioned many times in our Telegram channel, we are big believers in BTC. Personally, we stack sats and hodl. We also buy the dip heavily. When we are trading we are more cautious though and wait for the market and the charts to support our ideas before we open a trade and get out of it quickly if we are wrong (unlike personally where we will hodl Bitcoin at any price and are going to the moon).
So to summarise, many support levels to buy bitcoin, be careful though and make sure they hold first and have stop losses in place. If you were waiting to buy bitcoin and hodl forever no matter what, this is also your chance to start doing that and stacking says every day.
Buy the dip.
Btc daily trend line retestAs you can see we've came back down to test the long term daily trend. One thing to note is that we have closed several daily candles below this trend line and came right back above it. Right now as of 7:30 est we seem to be doing a sort of retest of this trend line. If we can bounce here, the bull run continues straight to 6 figs imo.
Great Triangle on BTC/USDT For LONGas you see we have convergence Triangle on 1H chart in btc/usdt, we are at end of Leg "E" plus we are at strong price Level(blue) and we are at Fib.retracement 23.60% and also we are at nice up.trend ,so let's see what will happen...
(Target measured equal to the base of Triangle)