Long

BITCOIN → Strong fundamentals and interest lead us to $80K

Updated

reaches a strong $71500 liquidity zone as strong ETH-ETF related news is released. A trap from the market maker catches the crowd off guard and now the market is ready to move on

Toretically, the correction wave ends after the false breakdown of resistance and liquidity zone 71500. Bulls successfully hold the defense above the support 67241. Liquidation of part of traders, liquidity capture below the zone increases chances for further growth. The market holds the course towards the global resistance 73679.
Fundamentally and technically BTC looks strongly bullish, the general market background is also strong, which generally supports the theory of further growth with the possibility of ATH update. The fifth wave may be completed in the area of the current ATH, or, on the background of increased interest, may find its target area at 1.236 fibo - $81.980.

Resistance levels: 71572, 73679
Support levels: 67241, 64545

The area of 67250 - 64500 is currently an intermediate bottom, in this place, relative to the whole range, the largest amount of the asset was purchased. We are waiting for a retest of 71572 with the possibility of further breakout and growth to the previously outlined targets

Regards R. Linda!

Trade active

BITCOIN → The bulls are ready to break resistance. 71K or 73K?

Trade active

Closing of the weekly candle above 69K will be a good signal for continuation of the bullish movement

Note

Trump's commentary on the presidential race:
"I am very positive and open-minded about cryptocurrency companies and EVERYTHING related to this new and rapidly growing industry."

"Our country should be a leader in this field. There can be no other place!"

Trade active

Trading inside the strong and important 69K zone continues.
Closing above or as close as possible to the level will be a bullish sign

Note

Trading inside the range 67250 - 71570. Accordingly, we trade within these boundaries. False breakdowns or bounces from the boundaries are possible

Trade active

Note

Price is heading for support
The decline comes amid strong sell-offs due to the bankrupt crypto exchange. Traders react with the appropriate method

Note

Let's analyze the situation on high timeframes (D1, W1)
Consolidation is forming on W1 and a big player is collecting a position from the whole crowd of both buyers and sellers. There is no reason to overcome ATH 73500 yet.
On D1 we see a pullback from 71500 to 67200. There is an explanation for this, “The manager has started to actively distribute funds to those affected by the collapse of the MtGox exchange”. Many people sell on the news. Accordingly, this reaction is temporary.

In general, it is worth paying attention to the indicated levels. So far, the price is trading between 71500 - 67250. It is possible that the trade between these boundaries will continue, or there is a probability of decrease to 64780.
But! As long as the market has not collected the necessary volume and liquidity, it will not release it in order to form a strong movement in one or another direction. Based on general assumptions, we have a chance to see the growth continuation

Note

A retest of key support is forming. Closing of the daily candle can be a strong signal

Note

Trading inside the range continues. All attention to the support of 67250. Buyers are still holding the area. A false breakout is forming

Note

consolidation

Note

Based on the situation regarding the range support, there is a chance to see an attempt to break through 67250.
It can be either a breakout and fall to 64500, or a false breakdown with subsequent growth to 71500

Note

Realization of a false breakdown of support 67250. The price is testing the local descending resistance line
Consolidation above 70500-71000 will be the reason for growth continuation
Target 73500

Note

Bitcoin is actively strengthening and testing resistance 71572

Note

Watching bitcoin. The price is approaching the important zone of 71500
If bitcoin breaks this area and consolidates above it, it could strengthen further and test 73679 and potentially even renew ATH (possibly 75K - 80K).

Trade active

The formation of pre-breakdown consolidation continues relative to 71500

Note

Bitcoin is still quite strong
A small reaction to the news is forming.
We continue to monitor 71500
A quick return to the level will renew the bullish potential

Note

All the emphasis is on where the price will go next
After the shakeout a consolidation is formed

Note

Bitcoin is still interesting.
A strong fall followed immediately after the strong news, but this fall was quickly stopped.
The coin stood still for two days and saved up (bought out the actions of sellers). So, someone is very interested in bitcoin now and does not let the price fall low, so we can go higher.

The scenario for now is towards buying. Watch, bitcoin is starting to come back to the level. The 71250-71500 area plays a key role.
A close above the level will trigger a rise.
* the scenario can be broken with a break of 67250

Note

Consolidation in the range continues

Trade active

RLinda

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