USDCBTC trade ideas
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.
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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.
Could we get the same kind of growth? I'd like you to look at the chart and find that the line drawings I've created are the same size. Are we looking at this kind of growth for bitcoin in the next coming days?
A brief update on BTC.I know, I know. I'm sorry, it's pretty confusing. I usually don't like to leave it like that either. So let's try to understand all of that. First, the averages indicate a correction of 6.84%, reaching $ 8,292. Be careful if you are thinking of entering now so as not to catch this falling knife. Soon after, everything indicates that we will have an increase of 25.39% raising the value to $ 10,439. What do you think?
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Same Trend That Marked Start of Bitcoin’s $10,000 Run In 2019 IsAfter a nearly 20% surge last week, Bitcoin’s weekly candle on Sunday evening closed decisively green at $8,900.This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.Although the seven consecutive weeks may mean nothing to readers, it is a strong technical occurrence that may signal that even more upside is on the table for the months ahead. Zack Voell, a market analyst at CoinDesk, recently noted that Bitcoin closing its seventh consecutive weekly gain hasn’t happened since April 2019, when the last bear market ended.This would suggest that should history repeat itself, the cryptocurrency is on the verge of yet another bull run. Adding credence to the idea that Bitcoin is on the verge of a bull run is the fact that eight days away is the block reward halving, estimates suggest.Some are under the belief that the halving may actually cause a crypto sell-off, but there is growing evidence to think that this is not the case. Namely, there is a Google Trends and an anecdotal correlation between the Bitcoin halving and the public’s propensity to buy BTC.Once the halving comes to pass, the number of coins issued per day will be cut in half, decreasing the amount of Bitcoin supply on the market. Couple this with a positive demand shock and prices should theoretically increase over time, but maybe not instantly.
According to an in-depth analysis of Bitcoin’s consecutive weekly candles by a prominent cryptocurrency chartist and technician, last week’s rally suggests BTC should post gains this week too.His study suggested that when the crypto has registered seven weeks of consecutive gains, there has always been a rally in the eighth week. The following message was shared to his Telegram channel on the matter:“We are currently at 7 consecutive green weeks. We’ve never stopped at 7 before. We have stopped at 8 three times.”This optimistic outlook can be corroborated by more traditional technical trends. One well-known trader remarked that there is a strong confluence of reasons to be short to medium-term bullish on Bitcoin at the moment.The confluence of reasons, which some would dub a “perfect storm,” is as follows: The funding rate on BitMEX, which is the amount longs pay short, and the premium index, the difference people pay for Bitcoin on BitMEX vs. BTC’s index price, are “still negative.” This suggests longs are not yet overleveraged. Bitcoin is trading above the yearly volume-weighted average price. BTC is above the 200-day moving average. The one-day Ichimoku Cloud has flipped bullish.
Proving yourself52.2 thousand per day. Did we break or did we just hit the ceiling? I don't know about you, but I am optimistic. I see that the desire to protect assets is pushing gold and bitcoin. I don't expect a straight line, but the indicators are very favorable considering the consolidation zone of the previous fund. If the correction now reaches US$ 8555, we will have excellent expectations for the future (don't buy). So what do you see?
What we had so far?Market daily update:
- CME gap closed:
1 more CME gap to be aware of below 12k.
- We have reached critical resistances area:
A retracement off it should be expected.
- We might close monthly above the last monthly candle with very nice volume:
With enough liquidity this can actually start the next bull run phase.
- We are above all Mas, volume keeps on rising (Still very low), OBV keeps on rising to better and better levels, but everything is overbought…
This means that the trend up should continue, but what will indicate next moves should depend on: going sideways, indicators reset, and overall consolidation below the critical resistance…
- Price might move a bit more up (Towards the 8300+/-) , but a pullback/correction is more likely to happen (either before that or right after).
But do remember, many times what is to be expected isn’t working out why? Because price goes against the unexpected, liquidity comes from wherever they can fuck up people.
this move to close the gap fucked a lot of people, groups.
My personal short was stopped yesterday but with a strict SL.
Our group on the other hand kept on collecting profits.
Sometimes you win some, sometimes you lose some, you can’t really control it, what you can control is your losses, if you don’t have strict portfolio management and if you don’t have the psychology to know your limits, then this market isn’t for you! Always go by your plan!.
- Overall conclusion, I personally still not fully bullish, as I said on last SA/FA update I will be fully bullish only when we pass 10500 followed by trend and real volume and OBV support behind it.
Despite me being not fully bullish it doesn’t mean I won’t act accordingly to price movement, in the end no one can “predict” market, we can only act by it, and protect ourselves with how we trade.
• Bullish move should look like something like that (after consolidation, and after indicators rest a bit):
Which means that we will use the daily cloud and the e200 as a strong support level to bounce from the s/r level and suppress the critical resistance levels.
• Bearish move should look like something like that:
Which means that if we pass below the daily e200, then we enter the cloud, then we will rest at e50 before we continue to the lower part of the cloud.
