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Bitcoin brokeout resistance and bullish so Ready for $56000..?#BITCOIN Breakout Update:- #BTCUSDT currently trading at $49100+ And now broke our all resistance with high Volume and Now I am bullish. As I told you $48438 is strong resistance and if breakout then Bullish scenario for Bitcoin. Now...? Now 2 more new support levels:- Support:- $48438/$47796 Resistance:- $51362/$54706/$56835 Now I am watching my Target/Resistance level. Please click the like button and Appreciate my hard work. Must follow me for the latest crypto real-time updates. Thank you.
BYBIT:BTCUSD.PLong
by CryptoPatel
28
Bitcoin | Rising Channel & MA128 Support..!!#BTC (Update) In 1D Chart, Bitcoin Bulls Already lost the MA50 & MA100 Support Levels But From last 3 Days, Still Bulls Defending the MA128 (49.8k) & Channel Support (49k) In Worst Case, If Channel Broken Down & Bulls lost the MA128 Support too, Next Stop would be 30k Horizontal Support Area 📉 In Bullish Case, If Bitcoin remains Inside the Channel & Above the MA128, Expecting Higher High (68k) 📈 In Weekly Timeframe Chart, Bitcoin is Still Moving Above the Weekly EMA21 (46.6k) , EMA21 Acting As Support Since May 2020..!! Fingers Crossed 🤞 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..!!
by Faibik
1
Bitcoin | Daily MA128 & Weekly EMA21 Both Acting As Key Support.#BTC (Update) In daily timeframe Chart, Bitcoin is Moving Above MA128 (49812)..!! In 2016-17 Bullrun, Daily MA128 has Played An Important Role & Now, Again It's Acting As Key Support Since MAY 2020. In 2016-17 BullRun, Bitcoin Tested it 5-6 times & Went up from it, 📈 If Bitcoin Remains Above MA128, It'll be Good for Bitcoin & Alts as Well..If Bulls Lost the It then Bitcoin Bullrun will End Soon like 2017. 📉 In Weekly Timeframe Chart, Bitcoin is Still Moving Above the Weekly EMA21 (46.6k) , EMA21 Acting As Support Since May 2020..!! If Weekly Candle Closed Below the EMA21, Bitcoin Might Retest the 30k 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:BTCUSD
by Faibik
1
Bitcoin Ready for $56000 in short term analysis.?#BTCUSDT LTF update:- $Bitcoin currently trading at $49500 And the Last post about the bitcoin I told you we can see Retest at $49800 Now done. Now...? After Retest we can see an upward moment from here. But..? $48942 is good support and Retest 2. So this is also good and last hope for the bull scenario. Don't panic above $48500 Support:- $49700/$48600 Resistance:- $51362/$54704/$56835 Please click on the like button and appreciate my hard work. Must follow me for the latest crypto real-time information. Thank you.
BYBIT:BTCUSD.PLong
by CryptoPatel
18
Bitcoin ABC Correction Within the ABC, Part 2A follow up on the previous analysis and the updates i did since. I showed a small bearish wedge (yellow triangle on the right) a few days ago, which was forming inside of the bigger one (black lines on the right). Since last week i kept saying that the key zone for the bulls to break is 60kish, where resistance would start from the 58k zone as talked about in the previous analysis. Yesterday the small yellow wedge broke and i gave the 55k and 53k as support zones. After it seemed that bulls were holding it, and a retest of the wedge was becoming more likely, the basic resistance of the retest was 56/56.5, but as i mentioned yesterday, knowing the fomo in the market, it could even do an extended retest up to 58Kish. Today i updated the support zone a bit, because things change while price moves. Where i had the 55 and 53 as support zones, which of course still have some value, now it looks as if that thick red line below might be a more important one short term, which is moving around 54K. I also mentioned, that the range is probably 58K and this 54K, with 56/55.6k being the middle line between the two. While writing this, this middle line seems to be breaking, at least getting tested. Not really dropping through it yet, so maybe i am wrong about this short term level, but could still happen. The chart here below, we can see very similar movements. Where we had a big high and a big drop afterwards, then creating like a very ugly inverse H&S with very extended retests of the neckline. The on the left, we can see, that it eventually rallies. While this time, at a similar spot, it simply fails to break up, finding a lot of resistance. So one thing which is not in favour of the bulls. Then the things i talked about in my previous analysis, the big ABC correction, also still in full play. The B wave, started as my number 1 scenario, but eventually turning into the number 2, which you can still see below. Number 2 showing a more sideways, channel like movement. It's not a great channel, but at least something to look at as well. The chart above, primary chart, the big triangle on the left. Is another realistic scenario as well. Which would mean, that even if we drop coming week or so, as long as 50/51k holds, chance will still be there that all of this might turn into a big triangle. As you can also in that same (weekly) chart, a weekly close above 62K (in theory 60K, but think would be too tight), would/should be a big win for the bulls. Here and there i still hear some people about the bear market has started already, but i think that is wayyyyyyy to premature to say that. As long as we do not see a big fast dump, within days, through the 30/28K zone, i so no reason (except guessing) to say that the bull trend has ended already. The market is still in super hype mode, people are still bringing in their money. So even if this market would be one big joke, even if whales are trying to cash out at these highs. As long as they can see that money is pooring in at these highs, they will continue to let that money come to them instead of dumping the price. My big picture, even if my big ABC plays out, meaning a potential drop towards 30/40K, i still think there is a good chance that we might still see another rally for Bitcoin later this year. I don't dare to say that for alts, because there is way too much garbage (once again) floating around in this market. The exit scams will increase again, the crap/worthless coins are increasing again. So this will, just like the ICO market did in 2018, damage the confidence in this market. Why i think that the Alt market, won't simply make another big rally after a big drop (assuming it will happen). The other day i saw that we 9500 coins/tokens, while in 2018 i think we had around 1500. So do the math about how much shit is out there now. Just unbelievable how people simply put there money in this crap. Funny, how the most inexperienced people i meet in real life, who never traded, just started for a month or so, are only talking about the most hyped coins that are worth complete nothing. So short term, think 54K is an important level, then second i think 51kish a support level as well. On the upside, 58k is the resistance now, above that the 60K zone. But as i described past week or so, even if the 60K breaks, there is still a chance for a failed break out. So think we really do need to see 62/63K break as well. Please don't forget to like if you appreciate this and want to support me :) Previous analysis:
COINBASE:BTCUSD
by botje11
71
BTCUSD ~ Next target 73k and then ????So as we have said since March (first post march 25th on BTC, and 4 more since then) - we have been waiting for and expecting a big correction back to a few key critical things: 1) BTC has been way over-extended (all the cryptos have), and desperately needs a retouch of supports. 2) BTC desperately needs to retouch the 10W and preferably also 20W MA's. CHECK-DONE 3) BTC needs to retouch previous FIB support level and re-accumulate, shake out weak hands. CHECK-DONE All goals we have been waiting for since March have now been accomplished. Feel free to see my posts since March - press play - and watch how perfectly we landed on almost exact dollar levels of what we plotted earlier. SO - WHAT NOW? What we expect to happen now is a re-accumulation period between 2 and 10 days roughly (this is a wide variable, and in fact, the longer we accumulate, the better - so I would even prefer 14 to 19 days as our previous dip accumulation periods were 11 and 19 days respectively). After that is done, we will be heading back up to break the FIB extension level we topped at, retest that level as support (S/R flip confirmation needed at that point), after which we'll be heading to the next FIB extension level which is the 423.6% mark and the last extension level typically used --- yes boys and girls we are just about to actually break the LAST standard TA extension level at 73k! This is a HUGE moment because after we break that and S/R flip it - we are literally in PRICE DISCOVERY MODE for BTC until the end of the bull market. ANYBODY telling you they know where its going after that, DOESNT ACTUALLY KNOW - and we are all just using different metrics to try and guess it. What I *AM* 99% certain of (because 100% is ofc impossible) - is that we will break it. What happens after that, nobody knows. My PERSONAL BULL CYCLE PLAN: I highly do suspect that we will break $73k relatively soon (within next ~20 days), and that means we still have a long time left in this bull run, so theres no reason for that to be the bull run top. I will not be taking profits at 73k, because right now we look so bullish with so much "Big Money" momentum that I think we could easily just blow past it into price discovery and reach for $100k area. I have no expectations that $73k will be our bull run top. My personal take-profit levels are around $100k, $120k, and $140k --- I believe we will be hitting $150k before end of year, as my conservative / take-profit plan. Being a business owner and connected to other big money CEOs and investors - the buzz is so huge right now however that I would not be surprised if we hit $250k or $350k which are numbers I am constantly hearing from major CEOs, partners at multi-$bn firms, etc.... I only take-profit off 20% of my cryptos anyway (MAXIMUM 30%, if we do end up going that high, I'd sell another 10%) - so I dont really care if we go to $1m....I am still going to be HODLing 70-80% of all my cryptos. In the run up to the cycle, I have converted my personal financial life all into crypto - I hold about 1% in fiat for utility and 99% in crypto for all my liquid assets at this time, and this is a permanent shift for me, for the rest of my life. So there is simply no reason to be selling the large majority of crypto. I am not a trader. I am an investor and have shifted into crypto being my 1) store of value, 2) currency, and 3) asset investment class. Eventually I will even get rid of the 1% fiat accounts I hold at traditional banks, as I see no reason to keep them when eventually crypto and crypto-credit-cards are just as mainstream as dollar bills. We're not quite there yet, but we will be soon! My MOST CONSERVATIVE estimate: If - for some reason - we sit where we are between 45k-65k and accumulate for 2-3 months, and then take another month to break the 73k 423.6% extension, putting us into something like september/october - that could, at worst, be the top of the bull market cycle this time. This is such a conservative estimate that I am not even going to be taking profits at this point, UNLESS we have indeed NOT broken the previous ATH (~64k) a whole 30-days from now. Let me repeat that for clarity: IF we still have not broken previous ATH (~64k) 30 days from now (~June 15th) then I will consider this super conservative estimate and re-evaluate where I put my take profits. Not planning on doing another BTCUSD post until we see one of the above triggers happen.....so however long that takes.....5 days....30 days....see you guys at 73k soon! Take care and BUY THE DIP!
KRAKEN:BTCUSDLong
by ezpi
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