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BTC expecting a volatility spikeBVOL have been quieting down since the dump in may. Usually after volatility dropping low and flattening there is a sudden move in the price spiking BVOL. Historically this volatility spikes haS been bearish. At the moment price action has formed an ascending channel and reached the resistance of the channel. There is a chance that price will break upward from the channel and go parabolic producing the volatility spike. There is also a chance of rejection from the channel resistance and heavily dropping also producing a volatility spike. A drop to 50k will be the channel support and 1 on the fib extension.
COINBASE:BTCUSD
by nagihatoum
10
EURUSD: still at riskAnd so, the Euro is still at risk of falling lower. Last week, the currency pair broke through the main support at 1.15890. In addition, one can notice a downtrend channel that has almost formed, the resistance line of which goes right through the resistance level of 1.15890 (former support). According to this context, the resumption of the downward movement is expected. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
2
BTC repeating harmonics longterm projectionThis idea is based on the belief that the 2019 to March 2020 harmonic is repeating. We can draw two similar proportioned harmonics to the current price action that gives different paths. This is a follow up to an old idea that so far has held. One justification for a drop to 11k is the held belief that the current bull cycle is longer and shallower than the previous bull cycle, but economic circumstances mainly Feds' QE infinity policy has overshot the price. The Feds have announced curbing money expansion. Add to that China's ban on crypto. Another justification is that there are plenty of CME gaps and inefficiencies remaining to be filled. I have shown in the past that the 9.6k gap and below have been closed by the CME internally.
BITSTAMP:BTCUSDShort
by nagihatoum
97
#BTCUSTD Bull Flag Formation. Bullish Or just a Trap? Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get to the chart, BTC closed above 48.1k daily which is bullish. We can also see some bull flag structures information. Everything looks bullish and people across the space are FOMOing into altcoins with high leverages. For the short term yes BTC looks bullish but only for scalping. Get in, take profits. Avoid greed. I believe it's better to stay on the safer side and trade with only 10% of your overall portfolio. I am fully Let's think a little different here:- BTC is not Bullish below $52k. Unless we see a close above $52k BTC can make many false breakouts to the upside. I could be wrong and I would be happy if I am but things look fishy here. The red resistance area is too strong. We need a weekly close above $52k to be bullish again. Else all these moves and those Golden crosses will end up being a trap printing lower high after $64.8k (I will share this chart on Saturday )So please be careful with your trades. So be careful with your trades and practice proper Risk Management! It's better to be prepared. then sorry! Avoid overnight holding on leveraged positions. Do your own research before making any financial decisions. I try my best to give you all the valuable information. I love my community, Thanks for being a member of this family :) Do show your support with your likes. it's easy, just push that little thumb below the chart real hard!! :) BTW, What's your thought on this? Do you think this correction is over? Do you think BTC could easily pump from here? Please share your views in the comment section. Thank you #PEACE


by Cryptorphic
17
btc rising wedge 4hr reversal wait for breakout and retest (if we pump from here no need to short then wait for breakdown) btc on support as we can see it touches the trendline also making a rising wedge btc support is around 47k as we can see the trendline if we break the trendline and possible retest our next target will be 46500-46200 we always trade level by level if btc bounce back from here we may see 51-52 btc making reversal pattern from few days overall we are bullish if we break 40k we might go to shit ranges 30-40 :) 43500 is a strong demand zone
Short
by fawad1235
#BTC retraced to 37k! What will be the new higher Low?Welcome to this quick update everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. The recent trade we took is TLM Long around .26- .27 zone that we are holding now. BTC couldn't break and close above 42k and we saw a retracement to the lower 37 levels exactly as speculated in the last update, What's next? There are two possible scenarios with overall bullish trend. 1. We needed a higher high for BTC we already got it so 37k are could be the level where we bounce as the new higher low. 2. Else we can retrace to the second demand zone which is around 34k to 35k level. If you like this update do hit the like button and share your views/requests regarding trades and charts in the comments section. Also do not forget to check out other trade setups and charts, I'll leave links below this update. Thank you
Long
by Cryptorphic
7
#BTCUSD 41.4K on the board! This is why...Welcome to this quick Sunday update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I hope you enjoyed the weekend with your friends and family. Let's get straight to the chart:- In my previous update, I mentioned that BTC is ready for a rally towards 33k while BTC was trading around 29700+. BTC did rally to these levels. I would call the rally towards 34785 something that saved BTC from a massive breakdown. BTC is really looking good in the mid-term. It already broke out of the channel resistance and currently, it's retesting the blue horizontal zone. $32.2k to 33.4k is the main support area for Bitcoin. I am expecting a rally towards 41k from here. I know it's a BOLD statement but that is exactly what I see in the current chart. There's one condition for that Bitcoin, it needs to hold the 32k Level no matter what by the weekly close. What's your thought on this? Do you think this correction is over? Do you think BTC could easily pump from here? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
Editors' picks
Long
by Cryptorphic
43
#BTCUSD Extensive Analysis, Next Demand Zone!Welcome to this extensive Analysis on bitcoin 3 days Chart. BTC is currently trading around 33k level at the time of writing this update. The weekly level still maintains the 50D WEMA which is a good sign for the Bulls. While everyone wants an answer whether BTC is going to 28k or 43k I would like to share with you something very important that we need to keep an eye on, Every time BTC starts a new rally we see a very sharp sweep to the downside to kick out all the weak hands. We haven't seen that since we broke the 52k level. I believe that last sweep is still due. This could be anywhere between 23k to 28k level. I would buy a good chunk of BTC at those levels. I just want you to realise the current trend is too bearish! Lack of volume, Breaking Support levels. No fundamental catalysts. Nothing but a series of FUD being posted everyday. Unless BTC breaks above the 42k level with good volume and a weekly close we can expect more consolidation in the coming weeks. We haven't seen much confirmations from the various important indicators too. Though MACD looks bullish in this chart but it could just divert in the very next candle close. You can't just rely on one pattern or indicator for confirmations. Remember, only a weekly break and close above the 42k level confirms a new uptrend. Till then it's better to do small trades. Scalping is recommended if you know the basics of TA. Do you agree with my analysis? What's your thought on this? If you like the information I shared here do hit the like button and share your views in the comment section. Thank you Stay safe #PEACE
BITFINEX:BTCUSD
by Cryptorphic
17
#BTCUSD Road to 46k or 27k? Here's is the plan!BTC broke below the 21D MA and the 50D MA. This is a bad sign in the short term. While it is actually retesting the Resistance turned support channel trendline which makes it bullish. So a little confusing right? Let me clear this for you. BTC can easily break above both the 21D MA and 50D MA. It is following the second scenario of my last BTC update. We needed a retest of the 37k level and it's done. We may get a bit more wicks to the downside to sub 36k level but we will bounce and eventually break the 43k and 45k level. INVALIDATION: If we get a daily close below 34750 then BTC is done for now and it will fail its chance to get back up! What do you think? I am bullish! I would love to know your thoughts! Please share in the comment section and if you find this update helpful, do not forget to hit that like button! Thank you! Stay safe #PEACE
Long
by Cryptorphic
11
BTCUSDT ShortAnd last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave down go very deep. One of reason I don't prefer this idea but just to have in back of your mind. REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
Short
by CryptoArch_
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today : N1: 34164 N2: 33192 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 5.618 (32054) TP could be @ Fibo level 0 (36000) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BITSTAMP:BTCUSDLong
by Hi3rophante
Fractal drop is over Everyone in the market has shifted their opinions to bearish - what we know is we need to act against what everyone else is doing - for this reason I am looking at a potential bottom here The charts above is the 2017-2018 and 2019-2021 fractal analysis posted about a few weeks ago The difference being is we have put a long term dynamic support line in a line which we can see has been present in both chart and on both market cycles On the 3rd image we can see that the long term dynamic support was respected after a long wick down to the previous local high on the weekly chart at $3,000 after this bounce we saw a run to the new ATH at $20,000 We are currently possibly seeing the same pattern - the price on the weekly has broke down below the dynamic support and found support on the previous local high at $42,000 and has since bounced back into the range and could be getting us ready to run up to a new ATH as per the previous fractal analysis done a few weeks ago Holding that $44,800 dynamic support for the next 5 days until weeks end and not breaking back below $42,000 will confirm the fractal and we will see a strong move up for a bull run continuation Failure to do so will result in 38k-40k and possibly a run down to 20k
BITSTAMP:BTCUSDLong
by MegaWhale
6
Bitcoin analysis(BTCUSD ) on 4 hour chart __There is an inverted head and shoulders pattern (black color) __ Exceeding the descending channel and forming an ascending channel (red) __ He ​​broke through the neckline at 55134 and scored the first goal 56780, then the second goal 58514, correcting it to 56999 and returning back. __ He ​​now has three Buying Goals: (green clip) 1) = 58514, which is the same as the second target previously 2) = 59559 3) = 60720, which is the fourth and last target __ May reverse at 59559. __ Do not forget that it is difficult to exceed 61,455 on the daily chart in the Wyckoff stage
BITSTAMP:BTCUSD
by wmforex
#BTCUSDT Moving Sideways but this is what I expect.Hello guys, hope you enjoyed your weekends. I took a 2 days break which was much needed. Let's start this week with this BTC Update. Bitcoin has been trading under this descending channel since the last 1 week. Breakout to the upside can take BTC to 62k level. While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible. BTC is mostly moving sideways providing an opportunity for the altcoins to pump. Conclusion:- Unless BTC breaks and closed above the 21D MA a retest to the 54k to 55k level is highly likely. Do hit the like button if you like my updates and share your views in the comment section. #PEACE
COINBASE:BTCUSD
by Cryptorphic
5