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To pump or not to pump BTC this weekend?There is an idea that BTC still needs to have a correction. We saw good manipulative pumps few holidays. We saw a good attempt to move BTC higher again. But now we see that small investor is still is not ready to pull the price higher. Not now. And it doesn't depend on good news. Just not enough minerals (LOL). You can buy or you can sell shortly, but in common BTC still needs to have a correction (refuel). P.S. - we are still in a SHORT deal, expecting BTC finally to go down.
Short
by Scalper_Season
BTC down (GAP, new uptrend etc)Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000. The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel". This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays. But it is early for BTC to go higher. If this bottom began the new H4 uptrend line, than it should be retested soon. We can also see a small GAP at 29650 that can also be closed. Impulse - correction - impulse is over. Be careful with your trades, and with your TV rates!
by Scalper_Season
BTC down when Amazon denies BTC paymentsAs we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel. As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500. The price now is about 37000 and we should share our trading ideas with you. The main thing is that we are still in a major sideway correction. It is on the way, and we can see the real efforts to brake the downtrend and move up again (but not now). There still was no real downtrend correction, as you can see it in the chart. Probably BTC can move higher, but not so high as the Binance squizze (LOL). Please also mention that now we have a HUGE GAP on 34550 - 32450 that can be closed in this week. So we are again looking for a good SHORT position and will keep in touch with more good ideas from Scalper Season Team. If BTC will be stable for few days higher than 42000 - 41000, than we can expect it above 57000 - 55000.
Short
by Scalper_Season
4
BTC profit channelBTC seems to be quite predictable last weeks. The reason is H1 channel, that shows us flatting downtrend of BTC. As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again. If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort. If buyers continue to show the interest, there will be a chance to go to 35000 and even higher. Anyway, 2 major channels H1 and H4 are showing a permanent downtrend. Be careful and mention it in your trades.
by Scalper_Season
BTC looks like bearish this weekendThis week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep. Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible. Scalper Season analytics have an idea that BTC sale is still not over. We can see new serious support level at 28500, so BTC can easilly retest 31000-29000 in few days. Next week will be very important for bulls. If there will be not enough buying interest, local downtrend will continue.
Short
by Scalper_Season
3
BTC/USD correction5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for corrective wave C which normally hit price between 0.382 and 0.618 Fib Retracement levels. On BTC/USD this is 42000 level. After this one we might see another impulse to the moon. Will see. I bought it with 10x margin when it was 14000, but now here is nothing but sell. I will buy a little after C wave done. But we don't know who hard it can be pumped. Bitcoin overrated and you cannot make a new world currency out of it, while it can rise or drop for 10k in a weekend, so you can't seriously hold this and pray for lifetime raising. But Bitcoing is new generation. Something like gold, but not gold at all. I swear we will see new cryptocurrency which will change fiat money. But we need long years before it come.
COINBASE:BTCUSDShort
by Fridrex
WHY 10K WONT HAPPENHi guys! I think the 10k that everyone is talking about, might not gonna be reached before a major correction. Or if we do hit the bears gonna step in immediately. Why I think that? If you look the 2015 chart when the bear market ended, the first parabolic move took us to 500 USD. It is very similar to 10k because it is a big psycholgical level and also a round number. We can also notice another similar thing. The 500 USD is very near to the 0.382 fib level. We are also very near to the 0.382 fibb right now. So we are at the exact same fibb level, and we are also at a key price level. As you can see after the price hit 500 usd it crashed 40%. It could happen this time too. Leave a comment and share your thoughts with me. If you liked the analysis please leave a like! ***It is not a financial advice, It is only my own opinion.***
BITSTAMP:BTCUSDShort
by KryptonuQ
16
QUAD BOTTOM - STILL BEARISHHi guys! As you can see my chart we touched the 7.4K-7.5K range 4 times! You might think that the more time we test a price level, the stronger is becomes, as a support. However the opposite is true. The more time we test a level the higher the chance we gonna break it. We also made a lower low on the 4H chart, creating a double top formation. Both tops are on the 0.382 fibb level which is acting as a strong resistance. ***It is not a financial advice, it is only my own opinion*** If you liked the analysis please leave a like, and if you have any questions comment below!
BITSTAMP:BTCUSDShort
by KryptonuQ