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Xbtusdlong

THE GREAT CORONA CRASH OF 2020 AND THE SUBSEQUENT BITCOIN ATHThere will be a global recession and a credit crunch will cause financial system stress. Central banks will take rates into extreme negative territory and print money like there is no tomorrow. Bitcoin will reach a new all time high, somewhere between $40K and $50K, before there is a coordinated crack down from governments. (The chart shows there have been similar movements in the bitcoin price in the past before an ATH event. I loaded my bags in the purple stage, but the green stage offered a last chance to buy up on the cheap before we sprint up toward a new all time high.) Bitcoin's performance is finally going to be tested in the context of a global recession and financial crisis. This is what we have been preparing for. I fear not whether bitcoin's price will go up (I am sure it will), but of the social costs of this new recession and financial crisis. Western countries are in a bad way, much worse than we realise right now. The chickens coming home to roost and things might get so bad that being rich is useless. But that is a topic for another day. For now, yes bitcoin will ATH this year, almost no doubt about it.
BITMEX:BTCUSD.PLong
by zoomerjd
17
BTC / LONG Entry at $8450 / Swing tradeHi CT, Here is my coming swing trade, expecting a small retrace first to $8450 area , to confirm the bullish divergence that currently we've (1h and 4h timeframe). And thus, improve the risk-reward ratio. Important to consider: 0. BTC still in the ascending channel , since March. 1. The orange line is the current stronger support , build from previous tops and bottoms. It can be an entry zone, for those who use small leverage. 2. Take into consideration the current "kind of" triangle pattern that makes as support and resistance, if it brakes to the upside wait for confirmation . 3. Bullish divergence 1h and 4h time-frame 4. Nearly facing the down part of the ascending channe l. If we can reach that area is where the best risk-reward ratio is it, with the stop loss just below of it. 5. Expecting the number 5 of the Elliott impulse. Waiting for the development and confirmations, but in target 1, I expect to take a 50%-75% profit and see how it develops for the rest to take profit. If you like this setup, please hit that like and give a comment with your opinion or question! Cheers!
BITMEX:BTCUSD.PLong
by Von-Double
BITCOIN ($BTC): This Level is the BULL's Last HopeBITCOIN ($BTC): This Level is the BUll's Last Hope ✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Bitcoin bulls stand to lose the ground they gained with the post-COVID dump / halving run if this key level can't hold. Let's take a look at the key level for Bitcoin bulls to hold, and some other levels that may soften the blow if the key level can't hold. --- 1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. At this point it seems like a pullback to S1 is in the cards, but Fractal Trend should still be signaling an uptrend when we get there. 2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue). This is our trend continuation method of buying key levels in pullbacks/corrections within the overarching trend and not attempting to catch knifes. 3. S1 represents a sort of last stand for the bulls. Below S1 we have S2, which could also act as support if S1 fails. 4. Below S2 things get dicy. We have lots of bullish orderblocks, but none of them have shown themselves to be particularly significant yet. If we do break lower, it may be a dice roll as to which of these levels the whales have their orders stacked. 5. Ultimately, if we break below S2, the uptrend will likely be compromised according to Fractal Trend and it'll be time to do another chart with a fresh outlook. 6. To the upside, R1 provides a logical spot for resistance. Although you can also see our previous Bitcoin chart for which higher levels are in play on a move up.
BITMEX:BTCUSD.P
by AlphaBotSystem
5
Probable scenarios For BTC Next MovemonetWe are facing a Strong Resistance on Monthly Frame at 9250$ So we have two possible scenarios for now First One: Is that BTC Succeed to break the resistance at 9250$ So it will continue to Test the next Resistance at 10760$ Second Scenario : Is that BTC failed to break the resistance so it would fail to support at nearly 7227$ So, I am entering a Hedge Trade at 9240$ as a short Trade with double quantity Stop-lose above 9250$ as if it failed in breaking the res. i will continue with my short position and if it broke the resistance the position will Flip into Long Position With Stop-Lose under 9250$ With Targets Mentioned in the Chart. With that position we have A near Stop-loss and far target and we also can avoid the false breakouts (Please Don't use more than 3X with Max 10% of Portfolio)
BITMEX:BTCUSD.P
by Coinovu
2