Xbtusdlong
BTC, comeback to 11800$ and beyond ?💎BTC/USD🌴FREE UPDATE🌴
- Yello ladies and gentlemen 🚬😎🥃
💎Bitcoin is now trading around 11200$ and bouncing from our support area, which we have been mentioning in the last FREE update.
💎As mentioned in the last update, the breakdown beneath the 11700$ region a few days ago was significantly bearish for the short-term, with a drop-down target projected at the 11000-11100$ support area, which BTC is now re-testing, perfect analysis by ParadiseTeam again🥂
💎keep in mind that bitcoin is still bullish on higher time frames (weekly+), this is still normal bull market behavior and a healthy correction. As it stands, we can still expect bitcoin to correct further if we break the 11000-11100$ support area, down to 10500$. Once we breakout 11800$, we are ready for a next big leg to the upside.
BTC is ready to pump up to 14,000$ !? 💎BTC/USD🌴FREE UPDATE🌴
- Yello😎🥂
💎Previously in Bitcoin FREE update, when BTC was trading at 11500$ we pretty clearly said that we are bullish, since then, BTC pumped to our resistance at 12200$, However it was a fake breakout, because BTC was not able to close a daily candle above the resistance at 12200$, which we mentioned in the previous update that it’s crucial, for us, to see a next leg up, to the resistance area at 13-14k.
💎After that, BTC retraced back to our 20 MA (yellow line), which served as a great LTF support. Naturally we have now formed a new acting support at 11600-11700$. This support is valid unless we see a daily close bellow 11600$.
💎If we close bellow 11600$, we can anticipate some further consolidation towards strong support ~11100$, however, this wouldn't broke the overall bullish trend and should be perceived as a normal correction.
💎Currently, while PA is still holding at these bullish support levels our bias remains BULLISH.
Bitcoin Continues Its AscentBitcoin continues its ascent towards 14k as the continuation pattern that has been building since the end of July, breaks to the upside. Bitcoin now sets its sights on 13.1k where it should look to consolidate and then make another push towards 14k. Depending upon how much strength the bulls have this could all happen this week. A much more likely scenario is that we see this all play out over the course of the next two weeks.
Bitcoin will increase to 12400Bitcoin's bullish walk was obviously a surprise to me. The lowering triangle, which did not hire one lap, finally broke and we fell into the bull rally. Now let's see what will happen next. When I examine the graph it still looks bullish. Of course, nobody knows what market makers will do. Ours is just a guess.
This range changing every thing ...Alright guys daily changed a lot by this range ...
It seems divergence rejected, down trend stopped by cmf strategy, and we have support of longs now!
This is the good news for longs here.
But there is still a possibility to see 8400(Losing ma 50 as dynamic support).
About ichimoko, we are in the cloud now and it shows the range and we tested and rejected by the cloud several times.
So daily signs are not clear yet, we have to see what will happen in 4H and other TF's such as 12H and 8H.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
XBTUSD, Support on Fib Pivot PointIt seems like we have a pretty strong support at Fibonacci Pivot Point and it doesn't seem like it can break it at this point.
So I'm moderately bullish in the current situation.
As an indicator, I'm using Rolling Fibonacci Pivot Points, and the indicator I'm working at the moment. Hope to publish it later this week.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
BTC movedHey guys,
The whole sphere became bearish as fuck when BTC moved below the 9k, which turnt out to be
a liquidity grap, nicely done market makers.
So we moved and past the .382 , got some resistance at the .50 and now on the way to hit .618.
Well Im not so sure if we really hit .618 tho but I have some orders waiting there.
The 9140 is still open , I took some profit at the .5 and slowly turning to net neutral as a see some
rejection at the lower trend line.
Summ up:
- Closing above 9300 will be in favour of the bulls
- Altough this seems bullish we are still forming lower highs which is bearish
- Overall macro view remains bullish until we break the 9850 area with a 4HR close above
BTC in for another test higher?Hello you guys,
As I pointed out in my previous analysis I expected a test higher.
Well as you probably have noticed we moved a bit and man finally some action.
We reached 9200 and got rejected which does look concerning on first sight but hey it isn't set in stone as of yet.
Ofcourse the macro view isn't that bullish unfortunately but I still expect some more upside before ultimately moving down
below the 9k area.
So what is going on?
We have tested the .382 , selling of a bit but looking for support around 9120 which has acted as resistance for the short term
but has provided support in the past for much longer.
My view isn't changed and still expect a move towards (conservatively) 9300. The view on a 9420 test is somewhat shifted but
once we close 4HR candles above 9300 it is likely to hit as well.
Sum Up:
-The bulls need to close 4HR candles above 9120 to maintain upside potential
-9300 likely to get tested
-Once we reach 9300 and close 4HR candles above 9420 is a likely target
ridethepig | BTC Market Commentary 2020.06.23BTCUSD with an underlying bid tone trickling slightly higher and completing the second targets in the sequence. For now though, I am happy to continue fading intraday dips in BTC and look to re-instate longs around 9360/9400.
The unhealthy collapse in consumer confidence in the public sector will continue adding to the brighter picture for BTC. Gold and BTC look cooked to outperform in a Sovereign Debt Crisis .
Well done all those riding this one.. a clean and straight forward move so far. Thanks for keeping your support coming with likes, comments, charts and etc!
Are We Accumulating? Is the 2020 Bull Run around the CORNER?Last bull run led to 2600% in profits!! Don’t get caught sleeping this time.
We have been trading flat for some time now since the move to 10200 and the subsequent dump, when bitcoin trades flat something BIG is around the corner with the something BIG sometimes being a DUMP.However, due to the global financial crisis and the Fed continuously pumping the markets, money will continue to flow into Bitcoin and we could reach all time highs this YEAR.
Trendlines are used to show the similarities between Q4 2019 and the current movement, if we make it past the upper boundary of the trendline and smash resistance at 10200 and 10500 then we will definitely be approaching bull territory.
Please FOLLOW AND LIKE if you like the IDEA, I will be posting regular updates for it.