Testing 10k!What you think of that? This is an important moment of BTC.I don't know if I have stomach for waiting until 10k. Look at RSI, showing for us that goes down first a little beat before goes up.
BTCUSDC trade ideas
BTCUSDTechnically we are in the 4th wave based on the Elliot principal. probably EMA 21 in Weekly time frame with 0.618 Fibo retracement are important resistance levels.
My thoughtsI believe we are in the last candles of a wedge. Found support on 9900 and looking to peak just above 10100-10400 before pulling back to 9700-9900 for another bull push.
Triangle pattern detected in BTCUSDC.looks like BTCUSDC will take new turn hoping a "long" on this chart...lets see until confirmation
USDC Mirror Chart! Bullish explosion coming soon!Good morning everyone,
Bullish:
- RSI over 50
- MACD rising
- Lines crossed EMA50 with a bullish first candle like before (drawn in the Chart), and stays above it .. last time it produced another bullish candle.
- We have a long time bearish trend line who broke some days ago.
Expect at least 50% within the next days.
Everything else drawn in the Chart.
I have a Premium Chat on Telegram. If you want to follow my trades PM me.
It would feel great if you support my work here.
Thanks for following.
Dont forget to hit like button (doesn't cost you anyhting).
And don't forget, this is not a trading advice. Trade at your own risk and make a plan before trading.
9090/9200 to 15kwhile looking at previous pattern i stumble on this lets see where it goes 4hr chart so far it matches almost perfectly from 18 march to may 18 will this play out till mid jun?
Bitcoin is “Clear for Liftoff” as Analysts Watch ForaMove HigherBitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower. This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto rebounded from its capitulatory decline to lows of $8,100. Because buyers ardently defended this level and have since provided BTC with sustained momentum, it does appear that it is well positioned to see further upside. One trader is now noting that Bitcoin looks “clear for liftoff” as it flashes signs of forming an immensely bullish market structure. Analysts believe this next movement could send it towards fresh yearly highs. Bitcoin Sees Notable Overnight Upswing as Analysts Watch for Further Gains
At the time of writing, Bitcoin is trading up just under 7% at its current price of $9,700. Overnight BTC tapped highs of just under $10,000 before facing a slight rejection that led it into the mid-$9,000 region. This movement allowed it to firmly surmount all the heavy resistance it previously faced around $9,200 and $9,500. It is also important to keep in mind that this momentum marks a continuance of the macro uptrend that Bitcoin incurred in mid-March when it posted a “V-shaped recovery” from lows of $3,800. This recovery has also come about against a backdrop of global turbulence, as the stock market is beginning to flash signs of seeing another leg down as the global Coronavirus-induced lockdowns show few signs of letting up anytime soon. The benchmark cryptocurrency’s current strength could be enough to provide it with some significant momentum that provides it with further room to run. One popular pseudonymous analyst on Twitter spoke about this in a recent tweet, explaining that Bitcoin looks “clear for liftoff.” “Bitcoin weekly Heikin Ashi looks clear for liftoff,” he said while pointing to the chart. BTC Likely to Target Fresh Yearly Highs It is a strong possibility that the benchmark cryptocurrency will soon target fresh year-to-date highs as its technical strength begins mounting. These highs are currently established at $10,500, and this happens to be an important technical level that coincides closely with a descending trendline formed as a result of the crypto’s decline from highs of $13,800 in the summer months of 2019. Another popular trader recently explained that he expects BTC to test this key level in the days ahead, saying: “BTC access granted for bulls. Price trading above my bull trigger, let’s see if it holds. Above both the Monthly + Weekly S/R levels as well as the low time frame range high. Continue to hold above ~$9350 and I see us gunning for $10.5k.”
BTC shows its strength.Observing the bullish channel that formed since March, on the 13th, we can observe that on the 7th of May, when reaching the value of $ 10,000, the currency not only broke, with 90% strength in the RSI, as in the days that followed in its correction, 11 and 12, the price rose again without touching the baseline. It is also worth mentioning that by reaching the value of $ 10,000, the currency was able to exceed the average price of the resistance zone. This undoubtedly shows a lot of market willingness to buy the currency. And without a doubt, no matter how strong corrections there are in the medium term, in the long run the recommendation is to buy.
How far is it going?At times like this I ask myself a few questions. Why do people get so upset with me when they ask me for an investment recommendation and I talk about cryptocurrencies? Is 12 years still not enough?
But ok ok! Let's talk about what matters. Still crossing the resistance area, where the currency reached the zone average. I honestly can't wait for anything after $ 10,500 in addition to the correction. More precisely, it stopped being the point of purchase a long time ago, now even less. As for the peak of December 2017, which is unfortunately not available on the Binance chart, we will talk after the correction.
Bitcoin has turned around on the hourBitcoin has made a comeback pulling from lows of $8100 on Sunday to the current price of $8877. On the indicator EP Prism and EP Change you can see a crossover where Bitcoin has flipped to the bullish side. I usually trust indicators from the 2 hour and on period with this still being the hourly but this is still positive news. It seems we can look forward to great things to come.
