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💎₿TC: Elon Musk Saved Bitcoin From Critical Zone 🚀🚀🚀🚀🚀🚀Hello Dear Traders, from last 2 weeks btc was continuously dumping and finally it came to demand zone of 28k. after reaching to demand zone price action was very weak and strongly indicating btc might break 28k level. but some how it sustained also we know all gamestop short squeeze. 1 day ago suddenly doge coin pumped. i was expecting this storm will hit btc and today elon musk changed his bio to bitcoin and bitcoin pumped hard. in btc also we seen short squeeze. large short bets got liquidated. also dominance started rising and alts were dumping. 2 days remaining for monthly candle close, now btc turned from extreme bearish to extreme bullish. next update will be on detail chart analysis.
Long
by mbn_global
1
💎₿TC: On Cliff, If it Breaks then 24k is for SureHello Dear Traders, in last post i analyzed weekly candle of btc, which was extremely bearish. due to that btc is continuously approaching lower levels. now btc is trading at very important area. this is last demand zone if btc breaks then we can see btc near 24k in upcoming days. after 3 days we will witness monthly candle closing if btc closes below 30k then it will invite new bear market. already btc was parabolic and stretched a lot. also many people will start profit booking and it will initiate panic selling. next 3 days are very important which will decide we are in bear market or not.
by mbn_global
1
Bitcoin Is Close To A Bottom According To This RSI PatternMost major bottoms since September of 2020 has been marked with a 4 hour Bullish divergence on the RSI. This is where price goes lower, but the RSI moves higher to form a divergence. The best bottoms were when the RSI was in oversold territory (below 30) We are currently in a similar situation and I am looking at this for a potential bottom zone. Ideally, we bounce slightly higher (maybe $32,500) and retest the yearly open as well as the .5 Fibonacci zone. These both reside around $29,300-$29,500. What we want to see are major bids fill across all spot exchanges like Coinbase, Bitfinex, Bitstamp and Binance. Funding should be reset to negative or neutral. This zone will provide a ton of liquidity because there are a lot of stop losses in this region (from most longs in 2021) and will liquidate any 50x-100X longs that think we are currently at the bottom. This will also trap shorts who think that 'the top is in' and should we get an aggressive buy back, they will be forced to buy back in and give us fuel for the upside. It is possible that $42,000 was a top and the market runs all the way down to the 61.8% zone or even back down to $20,000 level (with enough FUD and the dollar regaining strength under Biden administration.) So invalidation can be a 4 hour candle close below the yearly open around $29,000 (tight stop loss) or a close below the $27,000 level (loose stop loss). Take profits can be around $34,000-$35,000 for a short term swing or $46,000 targeting a continued bull run (longer term swing trade.) We need to first assess the reaction in this zone and whether we get confirmed 4 hour bullish div and then take it from there. Hope your trading goes well and all your bids get filled. If you enjoyed the analysis, drop a like and if you have any questions, comments, I'll do my best to answer them all.
COINBASE:BTCUSDLong
by jacobcanfield
17
💎₿TC: Previous Demand Zone will Flip Into Supply Zone.Hello Dear Traders, In last Idea we discussed about btc respected solid demand zone of 28k. As we all know btc dumped from a classic symmetrical triangle. when btc was trading inside triangle lower trendline was acting as a demand zone, bt btc dumped frm demand zone and now this demand zone will be converted into fresh supply zone. whenever btc tests lower trendline of triangle will will be rejected. i m expecting btc will again test 28k area after rejecting from trendline. in alts we are seeing strong spike of demand as btc dominance is approaching below 64%. i m analyzing best alts which will pump 2x-3x in upcoming days. once i done my research i will post the idea, dont miss tht.
Short
by mbn_global
1
💎BTC : After 14 Weeks, Today We Closed Strong Bearish 🔴🔴🔴🔴Hello Dear Traders, Today we saw strong bearish closing on weekly candle, After 14 weeks of Historic bull run. we can now confidently say tht 42k is bearish territory and its not easy to cross with healthy correction of 30-40%. Weekly Candle Chart: On daily timeframe i have marked solid demand zone, i m expecting bulls will enter from this zone. on lower time frame also btc is facing heavy selling pressure. this is indicating btc needs heavy correction to get fresh demand and new participants in market. this correction is very good for alts, as i previously mentioned alts on btc pairs are gaining strong momentum. BTC dominance is rapidly decreasing and giving greater leverage to alts. i think now its time to focus on ALTS. My next posts will be on alts , which are strong bullish on weekly , i recommend u guys to hold strong and don't panic sell on lower time frame corrections caused by btc dump. dont enter and exit with 10-20% profit, wait for targets. it will take some time to achieve. Patience is KEY
BITSTAMP:BTCUSDShort
by mbn_global
1
💎₿TC: Symmetrical Triangle Breakout DONE, What's Next? 20K.Hello Dear Traders, On Jan 18, we posted this idea: We discussed earlier about strong bearish closing on weekly candle, After 14 weeks of Historic bull run. we can now confidently say tht 42k is bearish territory and its not easy to cross without healthy correction of 30-40%. As per tht BTC dumped very well and tested Solid Demand Zone(28k) as expected. Also one more thing to notice is btc dumped from DAILY timeframe Symmetrical triangle chart pattern. whenever we see breakout from chart patterns like this, Target is length of the triangle, most of the time price achieves 70-80% length of triangle. So the Triangle target is 20000$. right now btc fundamentals are extremely good, i don't think we will see btc at 20k, in worst case only 20k can be tested. BTC touched low of 28k area and we seen very nice demand from this area, if btc is going to dump more first btc must retest 34500$ area. Also BTC dominance decreased dramatically which is indicating ALTSEASON is AHEAD.
Long
by mbn_global
DISTRIBUTIVEBitcoin looking weak at the moment, imo we are distributing in higher time frame, drowing the first lower highs in months. Bigger picture is still the same, price could go to 20k and this will still be bullish af, and Im still pretty confident on reaching 100k this year, but retraces are necesary for a healty trending market. Imo we could se a 3rd lower high before going lower, my main objectives in chart are 30k area first, followed by 24.5k. Thats the main objective just based on fibbo projection, but if does not hold, next area of interest is around 20k.
Short
by IBRA-
₿TC: Most of the Time Rising Wedge Breaks Downside ➡️ 33KHello Dear Traders, From 2 days btc is struggling hard to cross the supply zone, whenever it tries to cross bears are selling hard. also on daily timeframe btc is trading in symmetrical triangle, today btc made a rising wedge chart pattern on hourly time frame and most of the time it breaks downside. once price breaks lower trendline we can see btc testing 33k. also alts will dump with tht. btc needs a strong health correction to test 50k.
Short
by mbn_global
3
Volume divergence ? or channel ? or pattern ??As you can see there is a high bearish divergence here ... price goes down and bullish volume looks week after every pump ... We were in ascending channel since 20k and we had several touches on 40k and a shadow on 30k ... We have double top and also symmetrical triangle here ... Which one will be the winner of this game ??? This is a side market ... Adx is lower than half, rsi walking on mid line ... We should see ... Personally I thing we are going to see 30k area again ... (We had a H&S pattern .. but it seems market rejected that ...) Good luck, stay safe and dont forget to use SL
by AminHa4
Breakout coming, continuation of bull trend to $46kPennant pattern tells me it's going up from here, and this is based on previous trend analysis and my prediction of the 250k goal in October 2021. As with a lot of breakouts, there may be a fakeout of a dip at first. Fib extension shows around 46.8k on the bull high and 26.6k on the bear low. These are short term targets, of course. Stochastic RSI says trading power is weak, but this is usually an indicator of the end of a pennant in my experience.
KRAKEN:BTCUSDLong
by neuromancer
5
💎BTC : May Test 32k If....Hello Dear Traders, In Todays weekly candle analysis post i mentioned btc is turning bearish and preparing for major healthy correction. after 14 weeks of bullish rally , finally we seen a bearish candle on weekly timeframe. today we can see its impact on lower timeframe, btc started rallying from old demand zone and again we seen strong rejection from supply zone. this is indicating btc is preparing for breakdown from this old demand zone. if btc dumps below 34k then we will surely test 32k area. bears are shorting every rise on btc. right now btc is trading in the supply and demand zones range. soon we will see breakout or breakdown from this tight range. if btc breaks down then alts will also dump, bt it will recover very very fast. next posts are coming on alts which are extremely bullish on weekly time frame. just buy when alts dump due to btc correction.
Short
by mbn_global
6
💎BTC : Again Respected Demand Zone But...Hello Dear Traders, In Last post we discussed a triangle chart pattern in which btc is trading from few days. today again btc corrected and found buying pressure exactly at old demand zone. but on daily time frame btc is bearish. the more btc tests 4hr demand zone, it increases probability to break down. As i marked swing arrows in chart for demonstration how price trades in triangle. its not necessary to happen exactly as marked , whenever price creates Triangle chart pattern upper and lower trendline continuously pressurize price and due to tht price goes in a tight range and after tht we see massive breakout or breakdown. in few hours BTC will close weekly candle, after 8 weeks of bullish rally first time we will see bearish candle on btc, also DXY weekly candle is going to close extremely bullish .this indicates DXY will become strong and other respective currencies will become weak. after weekly candle closing will post analysis of tht.
BITSTAMP:BTCUSD
by mbn_global
💎BTC : This Tringle is Going Play Very Important Role.Hello Dear Traders, in last post i discussed about impact of dxy getting strong, and due to that bitcoin and other forex currency is going into correction. also i mentioned tht btc has strong demand zone at 30-32k area. bt yesterday btc found local demand zone at 34k also lower trendline was giving support. after long time btc is forming a triangle pattern on chart. whenever btc starts trading in triangle we can assume tht for next few days price will be ranging and sideways. this triangle pattern also indicates tht soon btc is going to give a massive triangle breakout or breakdown. Every rise on btc is greeting shorted. if btc breaks lower trendline then we will see btc trading below 30k again. alts are performing very good, coins like dot, avax went 3x. on weekly time frame alts just turned strong green and have great scope to rise.
BITSTAMP:BTCUSD
by mbn_global
3
💎BTC : This Might be Turning Point of BTC Bull RunHello Dear Traders, (Crypto Market Cap : 992 Billion , BTC Dominance:67.9%) As we can see in chart today BTC was continuously dropping with heavy selling pressure. there are 2 reasons for this drop 1) DXY is Pumping hard and Dollar is becoming strong. when ever this type move happens in dxy bitcoin starts correction and tests lower demand zones. right now btc is targeting demand zone of 30-33k, from here we can see recovery in price, if sellers breaks this demand zone then next demand zone will be near 25000$. DXY CHART : 2) also we have a chart pattern called double top, btc made high of 42k zone and rejected hard it was obvious tht whenever price again tests this 40-42k zone we are going to see selling pressure. btc is creating double top chart pattern bt confirmation of pattern will be after daily candle closing. if btc creates double top then we might see 25k soon. also overall crypto market will become quite bearish on higher time frame. In 2 days weekly candle will be closed , if weekly candle closes below 38k then we can say that btc is going for heavy correction. on other side btc dominance is also rapidly decreasing and ALTS are showing very good pumping.
BITSTAMP:BTCUSD
by mbn_global
5
BTC bullish scenarioI know everyone is talking about the possible formation of a head and shoulders pattern ( bearish indicator). However, BTC is starting to show a bit of bullishness as well. Take a look at the downward trend marked with a green line. Then take a look where BTC does a nice little breakout (marked on the chart with an arrow). For this to be a true breakout BTC will have to rise above the horizontal line on the chart. This will effectively negate the right shoulder of the possible head and shoulder pattern. BTC could still go either way. It could follow the head and shoulders pattern. However, there is also the possibility of a rise with this latest break out. Something to keep an eye on.
by MrInvertigo
1
BTC bullish scenarioI know everyone is talking about the possible formation of a head and shoulders pattern (bearish indicator). However, BTC is starting to show a bit of bullishness as well. Take a look at the downward trend marked with a green line. Then take a look where BTC does a nice little breakout (marked on the chart with an arrow). For this to be a true breakout BTC will have to rise above the horizontal line on the chart. This will effectively negate the right shoulder of the possible head and shoulder pattern. BTC could still go either way. It could follow the head and shoulders pattern. However, there is also the possibility of a rise with this latest break out. Something to keep an eye on.
BITSTAMP:BTCUSD
by MrInvertigo
BTC BreakoutBTC has broken out of it's current trading channel and printed a few confirmation candles. Look for another move up. How much? We don't know. That's the thing about price discovery that makes it so exciting. BTC has never been here before and we don't know how it's going to react. We have to look at factors outside the charts. So what do we have in the news? Stability and stimulus out of the US should help the move up for Bitcoin . Institutional investors are still coming in and going strong. Google searches for BTC and Ethereum are now starting to kick in. All in all a lot of bullish signs. Look for a touch back down to the green line and then a rise up along the blue arrow to $44k where the next fibonacci level is located.
Long
by MrInvertigo
1
💎BTC : Fresh Supply and Demand Zones Discovered at 40kHello Dear Traders, In last post we indicated tht price is going to smash all the resistance levels and resume the rally. exactly happened as expected btc went from 33600$ to 40000$. Few Minutes ago while writing the post btc discovered fresh supply zone at 40k zone. and we seen 1500$ dump in smaller timeframe. it indicates huge profit booking and very good amount of SHORT orders are executed at 40k level. if daily candle closes below 40k then in upcoming day we might see btc testing 36400-36900$ Zone. this demand zone is very fresh and i m expecting it will give btc nice bounce. i will be bearish only after very strong trend change on daily and weekly candle until i will suggest buy every dip. bcoz we dont know where this rally is going stop. Please Dont SHORT BTC for scalping or shorterm gains. i m seeing its trapping many traders and they are loosing big. This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC . Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
Long
by mbn_global
2
💡 Is This Start of Most Awaited ALTSEASON ?😄😄😄😄Hello Dear Traders, BTC Tested High of 34700$ Zone , Quickly we are seeing heavy selling pressure. also one thing happing great is dominance is rapidly dropping. todays daily candle of dominance will close strong bearish. and we know all what's next going to happen 😍😍😍😍😍😍😍😍😍😍😍😍😍 Our most awaited 5x-10x rally of ALTSEASON. today ETH Pumped very hard and along with on smaller timeframe ALTS started pumping on btc pairs, to see sustainable rally of alts we must see demand in BTC pairs of alts. if only alt pairs in USDT pumping and alts BTC pairs are stable or declining then we are not in altseason. i m expecting btc dominance will start declining from here and simultaneously ALTS in BTC pairs show continuous rally. in few hours weekly candle will be closed of BTC, after that things will be much clearer. Also remember tht there is CME GAP of approx. 4000$. I have sorted out some ALT coins which are going to pump hard in upcoming weeks, after daily candle closing confirmation i will post tht tomorrow dont miss that. FOLLOW and LIKE US.
CRYPTOCAP:BTC.DShort
by mbn_global