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Biitcoin

Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Is the Crypto total looking to complete the 5th wave?Could we see another leg up for wave 5 completion before the ABC correction? " Yes it's possible, the market cap could make it's local blow off top and get a re rejection off the 200 3day MA. The mechanicals are lining up for a "possible" move. We wait for the confirmation as there is non yet. The RSI would have to get above it's mid ranging uptrend line with a possible short term break above the top, and the Stochastics would have to make a strong move up. The first glimmer is the Stochastics and there is no confirmation yet. The Sentiment Oscillator is showing clear bear divergence but it doesn't mean that the final wave isn't possible. So far this is a text book Elliot wave pattern. It even has a deep wave 2 correction which then usually means a shallower wave 4 correction into the blow off wave 5, and then the eventual A,B,C correction. We wait and see... signals need to confirm. Thanks WeAreSat0shi
CRYPTOCAP:TOTALLong
by WeAreSat0shi
4
Bitcoin Weekly Analysis 📊 BTCUSDT (BITCOIN ) 💹 Time Frame: Weekly ➖➖➖➖➖➖➖➖ #BTC on Weekly chart, hovering over the weekly support area around $40,600 and $36,000. Price just playing off the zones which are made on LTF. We can continue to see the moves unless fundamentals are not cleared. You can lower the risk in the trade until that. Weekly needs breaks and close above $52,000 but on daily, price need only $46,000 to turn the market bullish. Use proper stops in trades as the market may become Volatilein the coming days. AmirHossein 📅 02.19.2022 ⚠️ (DYOR)
by Trader_Needs
4
Bitcoin Price Analysis — December 12BTC entered a steady recovery momentum yesterday after holding off bears from pushing the price below the $47K mark. The benchmark cryptocurrency now challenges the $50K psychological juncture after snapping the $49.5K barrier (50 SMA) a few hours ago. While I cannot say for sure that the FUD bias is finally over, a break above the $51.4K level—where my descending trendline resisted—should negate the bearish bias and help the flagship cryptocurrency don a bullish bias. That said, we could see some sideways movements before BTC crosses $51.4K, given the drought of trading volume present. Meanwhile, my resistance levels are at $50,000, $50,500, and $51,400, and my key support levels are at $48,500, $47,000, and $46,000. Total Market Capitalization: $2.27 trillion Bitcoin Market Capitalization: $938.7 trillion Bitcoin Dominance: 41.2% Market Rank: #1
GEMINI:BTCUSD
by Mr_Wogbe_Alex
To see with more EYES👁‍🗨 for "A trader" & "Technical Analyst"? How to see with More EYES is important for "A trader & Technical Research Analyst"? Answer: Whenever this question come to my rain, I --> Sherlock Holmes ...! Let's learn from each other, If you have trick/suggestion/advice on this question, kindly type in comment section. --------------------------------- Let's talk Without procrastinating, I predicted approx. 1700 $ fall from back on events and historical data. The chart below and if you look minutely, you will find a lot that is small but each ticks will give you a clue for next. I am not going to predict future move right now but, I will post in Time-Line after sometime . If you have hit LIKE button , you will get surely Real-Time Notification of next move on bitcoin. I have done! Thanks.
BITSTAMP:BTCUSD
by Jay_shree
285
Bitcoin TODAY (waves) 09.11.2019Hello friends! We see the probability of working out 2 scenarios. There is a good setup for purchases BTC right now. Sales should be considered from the limit levels. Buying Details Bitcoin purchases are relevant from the level of 8780. Stop loss level is 8700. The first profit taking level is 9230. After successfully building the initial impulse and local price correction, a bullish rally may continue in the direction of 11000. Short sales Details BTC sales are relevant from levels 8970-9090. Stop loss at 9250. The take profit level is 8250.
BITFINEX:BTCUSDLong
by UnknownUnicorn3511625
9
Bitcoin: Waiting For Long Setup 8400 AREA.Bitcoin consolidating again after the dramatic short squeeze to the 10,200 area. In fact, there is a sell signal in place as I write this, but is Bitcoin a short? Those that can appreciate my analysis and perspective know that answer to that, while everyone else chases 5 minute charts. In this article, I will update the relevant levels in play and what we are looking for in order to enter a new swing trade long. Don't get caught up in the "WHY!?", because all that really matters is "WHERE". And to recognize high probability locations, elements like magnitude and trend need to be defined clearly. I was consistently writing about the high probability of a short squeeze while Bitcoin was gyrating in the 7Ks, and pointed out a lack of trend. In order to put that statement into perspective, you need to understand how I am defining trend. My definition is derived specifically from the daily time frame, along with guidelines that come from the Elliott Wave frame work. 1. Our strategy defines trend as follows: 3150 to 14K is larger degree Wave 1 (BULLISH), 14K to 7295 Wave 2 (Corrective consolidation of a BULLISH broader trend). Even though price was pushing lows within the consolidation (9300 break to 7293) this is still part of Wave 2 which on the larger magnitude does NOT qualify as a bearish trend). This broader perspective offers insight into the probabilities of a location and why the HERD gets caught off guard shorting into fake out zones. 2. 7293 is a higher low relative to 3150. This is now a major support level and defines the broader Wave 2 low. Higher lows often lead to HIGHER HIGHS. 3. The magnitude of the short squeeze to 10,200 is a typical impulse that usually defines the initial wave of the next broader move. In other words, this could be the first leg of a broader Wave 3. According to Elliott Wave Theory, Wave 3 is NEVER the shortest wave. 4. With the initial impulse in place, the current minor consolidation is nothing more than a corrective wave (minor Wave 2) that can technically retrace to the low of minor Wave 1 (7295) and still be considered bullish. We are anticipating a reversal around the 8472 to 7974 minor support zone. It is this support zone that offers a high probability location for SWING TRADE long setups. 5. Although a Wave 2 low is established, the overall range is still the 14K high to 7295 low. This means we still operate under the guidelines of a RANGE BOUND market, UNTIL the shorter term trend is confirmed (14K needs to be taken out). Range bound guidelines affect how we evaluate risk and profit targets. 6. Momentum and trend are SEPARATE elements. You can have bullish momentum in a bearish trend, and vice versa. Even though there is a sell signal (current bearish candle) the short term momentum is still bullish. Unless you are day trading, shorting this market is a very high risk proposition. It is important to comprehend that we refrain from day trading Bitcoin. Yes there will be countless trends, chart patterns and signals on smaller time frames, BUT the randomness is VERY HIGH. Where many go wrong is they take day trade signals and expect swing trade profit targets (which is the equivalent of gambling). This is what lures bears into shorting around 7630 and setting profit targets at 6500. Those who chase are the ones who provide liquidity (and profits) to those who have the ability to WAIT. The weeks leading up to the squeeze required a ton of patience because there was very little reason to trade during that time. We had a swing trade on from 8425 that got stopped out once Bitcoin broke 7630. We took our small loss and simply WAIT for the next high probability SWING TRADE setup. Many get caught up in smaller time frames because they offer a lot more action (more signals, etc). There is nothing wrong with that as long as your strategy is SPECIFICALLY developed for such time frames. We avoid small time frames and FOCUS on the bigger picture because we are involved in a variety of other markets (stocks, forex, cfds, etc.). As someone who is starting out, it is a good idea to focus on one market, so that you may learn the basics of timing. Once you develop a solid understanding, then you can trade ANY market because order flow is order flow, no matter if you are in a stock, a futures contract or Bitcoin. And with the availability and easy access to other markets today, there is no excuse NOT to be applying timing strategies to wherever opportunities appear.
BITSTAMP:BTCUSDLong
by MarcPMarkets
16
Gaps in the volume profileJust a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date. The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later. The left window shows the volume profile prior to the drop and up to the bottom of the drop. The right window shows the volume profile from the start of the rise back up to 4000. I have displayed the volume profiles back to back to make it easier to visualise. The range of the gap in the volume profile has been marked with a box extending across both sides. There are some other boxes in the chart that mark previous volume areas from last year. This was created on my working chart and I didn't want to spend the time hiding them or opening a new chart for this example.
BITMEX:BTCUSD.PEducation
by paulflint
3
Bitcoin got out from the long term bullish trend. BE CAREFUL!What up guys. I am gonna post a simple chart again about BTC. As you can see, BTC got out from the long term bullish trend channel, which has supported BTC from 6,000. Also, when BTC is in a bullish market, it usually get supported by 0.382 retracement line when price gets down. Well, I am not saying to you that you should sell it or buy it - but it is definitely a position that you should be careful. The investment that has high risk has high return - up to you. Good Luck ! Andy
BITFINEX:BTCUSDShort
by ilmaticboyy
2