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Bitcoin | Falling Wedge Formation in 1D Chart..!!#BTC (Update) In daily timeframe Chart, Bitcoin is Forming Falling Wedge Pattern..!! RSI Indicator is Printing Classical Bullish Divergence .. At the Moment, Bulls testing the Resistance 35k, If resistance got Cleared, Expecting Huge Bullish Wave towards the 48k in Coming Days. In case of Rejection, Bitcoin Might Retest the 30k Area (Lower Low), If Daily Candle Closed Below the 29k, then Falling Wedge Pattern Will be invalid. 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:BTCUSDLong
by Faibik
6
Similar charts, not necessarily out of the same market Bitcoin's recent moves are very similar to those of August 2020, but similar charts don't necessarily follow the same trend. In August 2020, Bitcoin was in a platform breaking trend, which is similar to the current trend. It is also the 5-wave correction of ABCDE, and then began a new upward trend. But the two market, there are also some differences 1. Average differential, the correction did not break MA144 then, whereas the current correction is below MA144 2. At that time, the rebound from the low of $3880 lasted 5 months, up less than 150%, while the current market, up 7 months, up more than 500% 3. Changes in the global financial market environment. Last March, the Federal Reserve in order to rescue the epidemic, excessive issuance of dollars, global funds are under inflationary pressure. Now that the epidemic has subsided and the economy has recovered, fighting inflation is the main task, and the Federal Reserve is talking about raising interest rates. 4. As the digital currency led by Bitcoin has performed well in the past year and become the leader in the global financial market, it has triggered the attention of governments and financial regulatory departments of various countries, and regulatory policies have begun to tighten. Although more and more financial institutions have occurred and supported Bitcoin, SEC has no intention to regulate digital currency, which means that ETF is far away. China has cracked down on mining in order to achieve a carbon peak, resulting in unstable calculations. There's a growing controversy over how big names like Musk manipulate currency prices through Twitter. If these issues are not addressed, digital currency will not truly become a mainstream financial product. So we see two markets, similar charts, but also very different, if you want to get out of the September 2020 breakout market is not small. As an investor, there is no need to worry about where the market is going. What we need to do is not to go against the trend after it has formed.
COINBASE:BTCUSD
by peter-l
1
BITCOIN (BTCUSD): Two Scenarios Explained ₿ Very important moment for Bitcoin. On a daily, the market is currently trading in sideways. The price has formed a wide horizontal trading range. Bears are testing its support at the moment. Here are two scenarios for you to follow: Bearish. In case if the price breaks and closes below the underlined support of the range, many buyers will lose confidence and it will be a trigger for one more selling wave. Bullish. The price may respect the underlined support. Your confirmation to buy the market will be a bullish breakout of a falling wedge pattern on 4H. It will lead to a bullish move to a resistance of a daily range. Because I heavily invested in crypto, I remain bull-biased. But who knows, we must be prepared for everything. What will happen in your view? ❤️Please, support this idea with a like and comment!❤️
COINBASE:BTCUSDLong
by VasilyTrader
11
ETH and The Parabolic FightI posted this line past week, don't remember when :). But more important, even though alts looked weak again today (posted some things earlier today about btc and alts), ETH might be weak because its against that resistance line. Mentioned it in the past, curved line are always subjective, but it does look pretty legit to me. Now, when price stays like glued to the resistance (so no real rejection), it's often a sign that it eventually breaks. Parts of what i said about ETH in my public channel: Alts, still disappointing must say, eth wasn’t even able to reach the horizontal resistance around 2000/2020. I don’t like this, since weak alts past month have been giving the real answer of the direction of this market. But, if bitcoin can close clearly above 33k, I might give it a second chance tomorrow. Eth also has a big resistance on the daily chart, parabolic shape. Will show it tomorrow, at the moment moving around 2050/2100. That one has been giving pressure past 2 weeks. Maybe it means something real if that breaks coming day or 2 This is what i mean, first resistance around 2050/100. Think a break of 2300/400, would prob be a big win If this would happen, a break of the 2100ish and we get a big pump (if its a weak pump it might not be a real parabolic), think the 2600ish would be like the 40000/42000 resistance of BTC. Short term, also bit guessing, but think this might be what we can follow. Ideally low is set already, but maybe its making a small parabolic shape here as well. Think as long as it doesnt make a big drop, and stays above 1900/1920, it could work. First resisatnce is that white are around 2050/2100. Now, if this 2100 breaks, it really has to pump big, nothing small or weak like we seen lately. So for now, still all risky since alts have been VERY dangerous. But if bulls can break the first smaller resistance around 2000, there is a chance it might work. Until then, think we need patience Previous analysis:
COINBASE:ETHUSD
by botje11
11
Bitcoin | Bulls Defending the Crucial Support..!!#BTC (Update) In Daily timeframe Chart, Death Cross Already Confirmed But Bitcoin is Still Moving Above the Crucial Support (31k).. RSI indicator is Making Lower Highs Since 8th Jan (Downtrend). Bulls Defending the Support & Looking Strong & Buying the DIP 😊 Buy at the Support & Sell at Resistance, Right?? RSI Printing Bullish Divergence in Daily timeframe Chart & Bitcoin Might Test the 40k Area..!! In Weekly timeframe, Bitcoin is Still Moving Above the Major Trendline & EMA50 (33780) 🏄‍♂️ If Bitcoin Remains Above the Trendline & EMA50, Bitcoin Might Retest the 60k Major Resistance Area 📈 If Bitcoin Bulls Lost the Trendline & EMA50 Support then Next Stop Could be 20k (Psychological 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..!!
COINBASE:BTCUSDLong
by Faibik
5
BTCUSD: Why can bitcoin reach $300,000 in a few month?Hello my friends! The current situation tells us that we are halfway up in terms of time. Even though many are bearish, that has nothing to do with the overall bullish situation. I remain convinced that around 30k was/is the bottom. The current price action is a classic consolidation. And many are trying to push the price further down with bad news to buy cheaper. For me, however, it is absolutely clear that 62K was not a halving top. Accordingly, I am still strongly bullish. The chart examines Bitcoin in recent years in the four halving epochs. Each epoch is many times larger than the previous one. We are currently in the fourth epoch. If Bitcoin follows the same path as the last epoch, the peak would be around $400,000. In relative terms the peaks have decreased compared to the previous epoch. So "only" $300,000 are more likely. In any case, more than $100,000. The halvings are characterized by dramatic rises to a new all-time high. In between are regular dumps followed by regular pumps. 😃 -- Let's see what happens. Happy trading. :-) BTCINVESTING -- BTCUSD: Another bad news for bears! My Post Jun 7, 2021 (2/2) My Post May 31, 2021 (1/2) My Post Apr 18, 2021 My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-) --
BNC:BLXLong
by BTCINVESTING
88