Bitcoin | Ascending Channel & Key Level to Watch..!!
#BTC (Update)
In Daily timeframe, Bitcoin is Still Moving inside the Channel.. (So far So Good)
+19% correction so far since 9th November High which was Necessary for Healthy Trend ✅
Now, Ascending Trendline, Ichimoku Cloud & Fibonacci 61.8% (53,7k) are Acting As Key Support & RSI indicator is Also Moving above the Trendline Support 📈
If Bitcoin Remains Inside the Ascending Channel & Above the Fibonacci 61.8% (53,7k) then December Will be Bullish for Bitcoin & crypto. (Expecting New ATH)
In Worst Case, If Channel broken Downside, Bitcoin Might Retest the 38-40k Support Area..✍️
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Xbt
BTC/USDT- Bearish momentum building.
- Bullish trend
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.
Bitcoin (BTC) • A shakeout in the making before 70k?Price is currently looking somewhat weak and the books are very crowded on both sides.
My assumption is that the market believe 58-60k is strong support due to monthly opens but there is also a good chance we see a bear trap by visiting bellow 58 and incentivising panic sellers to jump in plus plenty of stops just under the 58 down to the 54 range.
Watch the video for explanation of the hypothesis.
Is this the short term bottom of BTC?As you can see the 140 EMA is rather useful EMA on the 4hr timeframe of BTC.
On top of that we have a diagonal trendline starting from the 7 October lows and on top of that we have an oversold RSI, StochRSI and MFI.
Check out the related idea below for what happened the last time I publisher similar idea ;)
If you hit the like button it would really help me grow my following, thank you!
Bitcoin (BTC) • A structural look at the price OK Bitcoin is looking good.
In this video I talk through the fact price closed above monthly down-candle opens and so far trends remain healthy.
Quick glimpse through the books show some resistance at the 70k range as discussed in previous videos and that after recent moves at the date of this video liquidity from 67 to 62k is a lot a bit more flat at the moment. As described in the video maybe good idea to have some orders place at 63k range just in case they decide to flash crash this to wipeout some leverage out of the system.
Bitcoin | Getting Ready for Another Bullish Wave..!!#Bitcoin (Update)
In Daily timeframe Chart, Bitcoin is forming Bullish Flag Pattern but Not Completed Yet.
According to Flag Pattern, Bitcoin might retest the 55-56k Area Before Upside Breakout..
If Flag Broken Upside, Expecting +35% Bullish Wave in Coming Days (Maybe Late November)
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Bitcoin update. Momentum was there and the spot light is shining brighter on Bitcoin every day. A blast from support at 44k brought us just barely to new all time highs. I'm my opinion the world is too afraid to buy at all time highs as strongly as sellers are willing to part. The flash crash on binance is proof that the space is still the wild west, and until there's some sort of security, big money is tepid at best to enter, in my opinion. A dollar cost average approach would seem the safest, so I can see a steady gradual rise in acceptable price for Bitcoin, but huge pumps like this are usually orchestrated by crypto whales, and after the shorts are liquidated and new money comes in at these highs, Bitcoin loves to pull way back to cause capitulation.
Thusly, I could see a retest of the 53-49k levels, with liquidation hunters poking below that as well. A good entry for bull market continuation would take the volatility we can expect from the wild west of finance in to consideration.
There's no doubt in my mind that Bitcoin will achieve some sort of grand use case scenario eventually and be hundreds of thousands of dollars per. It's definitely not going away any time soon, or ever for that matter, unlike other forms of currency and the governments that back them.
This Autumn must be the last Bitcoin rally!Hey guys,
This is quick idea about Bitcoin price predition for late 2021.
It seems like in this fall it must be last rally for BTC in 2021. Looking at chart I notice bullish impulsive Elliott waves, and now after ETF approval, we are inside big (3)-wave, which is confmed by price action and media attention.
Next phase should begin in early November, with big mania around Bitcoin and its growth.
I consider to follow up the next targets on Bitcoin: m y main target is $80,000 with rebuy at $70,000 in following retracement. After that I consider to take profits near $ 102,000 as it could be potential top for bitcoin for next few years.
In any case, I am taking risk wise decisions and trades, using affordable risk. Please, do not bet all of your money, which you cannot afford to lose.
Best regards
Artem Shevelev
Stay tuned for further updates.
ETH Market Commentary 23.09.2021After an impressive breakout, the next leg now follows (there was also the simpler ETHBTC play where buyers have succeeded and are ready to play the next deflection).
On the ETHUSD side, buyers have created a chance for Q4 to attack the highs. Sellers did not want to hold past the C leg which is screaming in advance that sellers are really only masked buyers and the direction decisively favours the topside.
So now with this deflection from the C lows, the previous highs have been taken unlocking tempo for buyers. The next leg is impulsive on account of the trap and unwinding. The position should reach $3,600 in the coming sessions comfortably with $4,000 the next target in scope.
ridethepig | ETH grinding higher...A remarkable bounce from the lows. Despite the lack of material interest, a momentum attack is in the air and it cannot be shaken off. From here till the end of 2021 there are some nice swings ahead.
After breaking back up, buyers won back the tempo. Note how sellers did not make use of the discovered 'C' target lows and how they got tangled up among their own?
... then of course the breakout came....
Tightening the noose !!!
After bulls took back $3,000 the highs have been unlocked - it should lead to momentum. Here looking to clear partial profits on the test of our $3540 pivot.
BTC BreakoutBitcoin has broken through its current pennant pattern (marked on the chart with green lines) and will be looking for a new all time high in the coming weeks, perhaps even days.
Usually the trend will come back down and retest previous resistance levels (marked with the top green line on the chart) to see if it can find support. If it does, this is a bullish signal and BTC will attempt to move up towards levels of it's previous all time high (ATH).
Look for the retest of the top green line and then a move upwards towards new ATH's.
$GBPNZD Long Trade. Targets On Chart GBPNZD trendline break. Long ttd trade. Fibonacci retracement completed.
Bullish gbp (see gbpusd chart) after bearish divergence on 4 hour chart at resistance zone
Now at a clear support intraday with bullish cross on MACD
This trade is from my own technical analysis volume MACD RSI bullish pattern intraday
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
Nat Gas. Short ▶ Targets on Chart Options play for a short on natural gas. If you are trading there is an obvious place to put your stop-loss above Tuesday's high. With the way Nat Gas has been volatile the past few days I also have a second sell limit entry just below 5.7. Targets are set out on the chart.
Please see the other ideas below as I am still holding (options) and i am also confident that they will come to fruition.
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
If I’m wrong about Bitcoin's likely downsideMy apologies for the cluttered chart, but many of the levels are critical in coming weeks.
Referencing my recent Bitcoin analysis with valid wave counts potentially taking price down to the $27k-$30k area, I want to provide a possible bullish scenario as well.
Should Bitcoin's overall uptrend continue, negating my wave count and breaking through the $68,000-$70,000 (a full 4hr close in or above this area outta do it), then a clear fib price and time projection can take us to $128,000 (+/- $2500) by around December 15th, 2021. Don't put much stock into the time projection, but any meaning reversal from either direction will likely occur around this date.
There are numerous confluent fib levels between $125k and $130k, including Bitcoin's beloved 1.618 extension typically reliable for projecting wave 3 tops. This is done by taking the distance between Mar 2020 lows and the April 2021 ATH, then adding this number to the confirmed end of the corrective cycle around $29k-$30k.
If my original bearish scenario plays out, the next cycle’s price target will be roughly the same; obviously depending upon how low we actually go. This statement is assuming wave C is ~1:1 ratio of wave A. If my hypothesized wave C extends lower than this, then the ultimate 1.618 extension target comes down 1:1.
Bitcoin is at a very critical juncture, with an upside window of around 10% before negating almost all near term bearish wave counts. (NOTE: Bitcoin could actually go much higher than the ATH as part of the c of B correction, but it’s proportionately improbable as price rises (without invalidating the count).
Just for fun, if you take the trend based fib time tool and measure the lapsed time of my entire wave a of B, then extend this time from the end of my wave b of B, you get October 20th for the .382 time extension. This would be the first possible/likely time frame of establishing a reversal to conclude wave B. As mentioned above, don’t put too much stock into my fib time statements. The problem is, it always looks/works incredible in hindsight. It’s a quite helpful tool when establishing wave counts of established patterns; but that can be said for all fib tools.
This is not financial advice. I am NOT a financial advisor. I’ve been wave counting for roughly 17 years now and just absolutely love everything about EWT, Fibonnaci Analysis, and just charting in general. Me taking the extra time to write these ideas is done solely for fun, both teaching others and having others teach me. I'm not recommending you transact actual assets based on anything I post, ever.
Justin