Black Friday saleUp to 70% OFF

Bitcoin-price

Scenarios for Bitcoin Based on Elliott WavePessimistic Scenarios (Red colour) If bears break a low made in 2018, that will mean the road is open to as low as 1000 USD and they have control over bitcoin. Scenario in blue colour, we should finish 5th wave and I am expecting that we should get below 3800 USD one more time. I think bulls are setting up a trap and they wouldn't let the market get below 3200 USD level, from 3700/3200 USD prices the market will try and draw 3rd wave on the graph (green colour), which is about 15500 USD to 16500 USD, if that will happen the bulls have a chance to break 20000 USD important resistance level. If we don't break 20000 USD (black colour), we can't expect 3rd bull wave to open the road to 30000 USD and higher prices. I hope everything is clear on my thought, if not please ask questions
GEMINI:BTCUSDLong
by ArturMemetov
5
No change in PLAN, but little more advance clues! BTCPlan (B): Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby Bottom of the page, this plan(B) original idea posted. => Below 9819, the price is not bullish and its can continue to create new value are approximately given in projection. If you are holding your position from Plan (B), trial stop-loss on closing base of candle above 9818. And you can continue to hold first target at 9444 nearby. You can write your query in comment section and kindly dont forget to hit LIKE button. The parallel channel has two resistance, one is at 9857 nearby and one exact near the cmp. The positive sign is developed. two chart are opposite to each other. Be active and careful...! Just look at this simple support . -------------Active call for swing traders------------ Follow me if you want more update. Thanks.
BITSTAMP:BTCUSD
by Jay_shree
519
The possibility of something is cooking in Bitcoin kitchen...!All the major resistance and support plotted on the chart. The price breaking out any of these R 9083 and R 8398 will give us new direction of trend . The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel. Traders can trade both either buy at pepper bound or sell at lower bound until breakout the channel with confirmation. Let take a closest look with different angles: Very Low Volume Narrow range in price with series of almost no body of candle. price rotation remarkable point: price falling with vol. volume before the price rotation. ---> You will get big move shortly with volume surged .
BITSTAMP:BTCUSD
by Jay_shree
228
Can you Grab 3000 points move on Bitcoin...? Present pattern is Parallel Channel . Bitcoin on the daily chart, we have studied about 3 patterns and each patter is Breakout. Each the breakout are plotted with price moved measurement. --> Why am talking to you about Chart Pattern & Breakout? From the above observation about the pattern & breakout it is clear that we get a minimum 3000 points move after the each breakout. I make you a promise that the upcoming breakout give will you with a perfect direction and time. I will surely put all the profit in your Bag. Recent my studied on BTCUSD:
BITSTAMP:BTCUSD
by Jay_shree
269
Bitcoin Analysis: Why BTC/USD Rebound Above $7,000 A Hot Potato? Bitcoin price reacts in tandem with the stock market and the oil market rebound, stepping above $7,000. BTC/USD could settle in a narrow range between $7,100 and $7,200 as sideways trading takes over. Bitcoin price has been having action-packed weeks recently probably due to the Coronavirus pandemic and the halving in May; one of the most anticipated event in the cryptocurrency universe. Moreover, its correlation with the stock market has kept investors on the edge. For instance, the drop in the price of oil on Monday led to a free-fall in the stock market. Bitcoin once again proved its correlation with the stocks as it retreated from highs above $7,100 to weekly lows at $6,748. Consequently, with a rebound in the stock market and the price of oil, Bitcoin soared to highs above the critical $7,000 level. At the time of writing, BTC/USD has a market value of $7,123. It is trading above the moving averages in the 4-hour range. Whereby, the 50 SMA is in line to provide support at $7,004 and the 100 SMA at $7,030 in case a reversal comes into play. Will Bitcoin Clear This Key Resistance? The biggest task among the bulls is to clear the resistance at $7,200. Sustaining gains above this zone has been an uphill task since the beginning of April. However, it is a tentative support if a rally breaks out towards $8,000. This zone functioned as support during the downtrend in 2019 from the highs in June at $13,800. Meanwhile, the Relative Strength Index (RSI) shows that Bitcoin is in the hands of the bulls but they lack the gas to force a breakout above $7,200. A sideways trading action could take over in the narrow range between $7,100 and $7,200. However, the longer the price stays in this zone the stronger the bear grip gets. Therefore, Bitcoin is not in the clear yet and a return to $6,000 is possible before the halving. Bitcoin Key Intraday Levels Spot rate: $7,123 Relative change: -12 Percentage change: -0.21% Trend: Bearish Volatility: Expanding
COINBASE:BTCUSDShort
by CoinGape
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic. This is " Price Action with Volume theory ". Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout , we are seeing a single directional move. If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases. If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
GEMINI:BTCUSD
by Trade-Technique
245
Bitcoin Resistance...After rallying over the past week with implications of a reversal, bitcoin is still encountering a lot of bearish sentiment. Presently, bitcoin is up against resistance from the 200 ema on the 8-hour time frame. This would not be the first time Bitcoin has broken through resistance in this rally, however there are many areas of resistance in the mid-7k range. Is this more than a short-term rally? The weekly stochastic is turning up, and the daily is trending up to a 4-day. There is at least potential for a reversal.
GEMINI:BTCUSDLong
by Veneficus
2
BTC/USD Splendidly Reconquers $6,400, $7,000 Is The Bullseye Bitcoin price recovery above $6,500 could boost fresh gains towards $7,000. BTC/USD is technically ready to take on the resistance at $6,500 but low trading volume still limits gains. Bitcoin price led recovery across the market on Monday following a remarkable surge above the key $6,000 level. On reclaiming the support at $6,200, the bulls cemented their position on the market, making it easier to reclaim the next broken support at $6,400. Meanwhile, BTC/USD is teetering at $6.451 amid the struggle to clear the short term hurdle at $6,500. As long as the price stays above the immediate support provided by the 38.2% Fibonacci level of the last swing high to 10,517.57 to a swing low at $3,932.73, Bitcoin could continue to surmount the key resistance at $6.500. The ultimate medium-term goal is to not only test but conquer the stubborn resistance at $7,000. From a technical perspective, Bitcoin price is back in a bullish phase (above $6,400). The Relative Strength Index (RSI) emphasizes the increasing bullish grip. This indicator has corrected upwards from March 2020 lows at 15 to the current 46.76. A minor dip over the weekend held the ground above 40, sustaining the influence of the bulls over the price. As far as support areas are concerned, the 38.2% Fibo is the initial support around $6,400. If a reversal ensues, $6,200 will be the next target. Corrections beneath $6,000, would find a balance above $5,800. However, according to the technical picture, Bitcoin price could remain bullish in the coming sessions with a $7,000 being the ultimate target. Bitcoin Key Levels Spot rate: $6,468 Relative change: 62.16 Percentage change: 0.89% Trend: Sideways action could take center stage Volatility: Low
COINBASE:BTCUSDLong
by CoinGape
3
Ripple Price Takes Back $0.1700 Support As $0.2000 Draws Nigh Ripple price weekend losses take a breather at $0.1625 as a bullish reversal aims for levels above $0.1700. XRP/USD is technically and fundamentally ready to take on the resistance at $0.2000 but extreme volatility could push XRP back to $0.1400. Ripple price is in the middle of a recovery mission as the European session takes over from the Asian session. The weekend session was not only drab but also bearish. XRP/USD dived from highs slightly above $0.1700 to lows around $0.1625. The decline was not unique to Ripple but affected the majority of digital assets including Bitcoin and Ethereum. XRP/USD is on the verge of overcoming the resistance at $0.1700. The price is dancing at $0.1700 at the time of writing. Glancing lower, the immediate downside is supported by the 50 Simple Moving Average (SMA) in the 4-hour range. Also providing support is the ascending trendline support (part of the rising wedge pattern), the 100 SMA at $0.15817, $0.1625 and $0.1600. From a technical perspective, the Relative Strength Index (RSI) clearly shows that buyers are returning to the market amid increasing volatility. The weekend dip to $0.1625 saw the RSI test the level at 40. An ongoing recovery above the average is encouraging more traders to make more buying entries, which could eventually blast XRP/USD into a trajectory above $0.2000. In spite of the bullish reversal, Ripple price is not yet in the clear especially with the formation of a rising wedge pattern. If the resistance at $0.1700 and $0.1800 becomes a hard nut to crack, Ripple will most likely change direction downwards. Moreover, a break under the wedge pattern’s support could result in extended declines below $0.1500 and even test the primary support at $0.1400. Ripple Key Levels Spot rate: $0.1698 Relative change: 0.00763 Percentage change: 4.96% Trend: Bullish Volatility: High
KRAKEN:XRPUSDLong
by CoinGape
1
Let The Uphill Run Begin; BTC/USD $7,000 Breakout Unstoppable Bitcoin price upside capped under two critical zones; $6.850 and $7,000. The technical picture shows BTC/USD bulls largely in control they prepare for takeoff above $7,000. Many cryptocurrency analysts and enthusiasts do not buy the idea that Bitcoin has bottomed and is setting the stage for a grand rally to beat 2020 high around $10,500. Their skepticism is driven by the fact that Bitcoin tested $7,000 and failed to breakthrough. Another attempt that followed recovery from support at $6,000 on Wednesday stalled at $6,850. At the time of writing, Bitcoin price is doddering at $6,703 following a minor upward advancement from $6,795 (opening value). Although the volatility is low, BTC/USD remains largely in the hands of the bulls. For instance, ascending channel support has stayed in place since the crash under $4,000. Bitcoin Technical Analysis In the last three days, the Relative Strength Index (RSI) stayed above the average (50). For now, the indicator is holding the position at 53.96. Moreover, the Moving Average Convergence Divergence (MACD) downtrend seems to have taken a breather above the mean line. As long as the MACD sits in the positive region, buyers’ influence will stay intact. BTC/USD downside is initially supported by the 50 SMA at $6,669.50 in the 2-hour range. Other key support areas include the 100 SMA at $6,408, $6,000, $5,500 and $5,000. The sellers’ congestion at $7,000 remains critical to Bitcoin price. A flip is expected when the zone is tested next; a breakout above $8,000 is expected but if push comes to shove Bitcoin could sharply dive to $6,000. Bitcoin Key Levels Spot rate: $6,744 Relative change: 53 Percentage change: 0.80% Trend: Ranging Volatility: Shrinking
COINBASE:BTCUSDLong
by CoinGape
Bitcoin Price Shoots Towards $10,400 But Pullbacks Seem Imminent Bitcoin revives the bullish momentum on breaking above $10,200 resistance. Bitcoin enjoys the bullish action but a rising wedge pattern threatens to force a reversal in the near term. Bitcoin is logging form new 2020 highs following a compelling return above $10,000. The largest cryptocurrency price is setting the pace for the altcoins as it busks in the bullish ‘sunrays.’ As discussed in the previous analysis, price pullbacks are necessary for a bullish market. They ensure that the asset creates more demand by allowing more people to enter the market at a relatively lower price, otherwise referred to as buying the ‘dip.’ Bitcoin’s recent pullback to the support at $9,700 was necessary for the bullish action taking place at the moment. Not only is Bitcoin back in the bullish zone above $10,000, but it has also logged in new yearly highs of $10,355. Following an adjustment, BTC/USD is teetering at $10,317. The persuasive move above $10,000 and the resistance at $10,2000 appears to have woken the slumbering bulls. The main focus is to pull Bitcoin above the next hurdle at $10,400, which is expected to make another persuasive breakout in the direction of $11,000. Meanwhile, technical levels are positively intact for a bull rally. The RSI, in this case, is almost breaking above 80. The move follows a correction from the recent dip to 40. Continued movement north could allow for more buying entries in the short term. On the other hand, traders must be aware that Bitcoin is heading in overbought conditions. This means that reversal is possible in the near term. Besides, the formation of a rising wedge pattern signals an impending reversal especially if resistance at $10,400 is not cleared. Bitcoin Key Levels Spot rate: 10,326 Relative change: 56 Percentage change: 0.53% Trend: Bullish Support: $10,200, $10,000 and $9,700 Resistance: $10,355, $10,400
COINBASE:BTCUSDLong
by CoinGape
Bitcoin Price Dip To $9,600 Imminent As $10,200 Beckons Bitcoin retreat to $9,600 could be the key to the next rally above $10,000. Increased selling activity between $9,800 and $10,000 must be tackled head-on to pave the way for gains towards $10,200. Bitcoin is in retreat after failing to break above the resistance at $10,200 during the weekend session. Besides, the bulls could not keep holding onto the support above $10,000. Instead, a flash drop sent Bitcoin back to $9,700 support on Monday as bulls scattered unexpectedly. Attempts to keep the price afloat above 9,800 have been thwarted by increased selling activity. The price is currently digging deeper towards the initial support at $9,700. Moreover, the sellers seem to be taking advantage of the bulls after most of them scattered into hibernation following the drop. Possible Head-and-shoulders Pattern The retreat is painful for the buyers who had recently made progress above $10,000. However, it is apparent that as both the fundamentals and technical stand, advancement upwards is unlikely in the near term. Therefore, a drop to the next support at $9,600 could complete the formation of the pattern's right shoulder. In so doing, reaction to the pattern will push BTC back into the bullish zone above $10,000 and $10,200 respectively banking on the reversal being supported by the right volume. Moreover, after most investors sold at a higher level, a majority are waiting to buy lower, preferably at $9,600. Short term technical analysis, however, should that Bitcoin could sustain gains above $9,700 (RSI begins sideways movement) but the buyers will not have the strength to beat the resistance at $9,900 as well as $10,000. Bitcoin Key Levels Spot rate: $9,752 Relative change: -98 Percentage change: -1% Trend: Bearish Support: $9,700 and $9,600 Resistance: $9,800, $10,000 and $10,200
COINBASE:BTCUSDLong
by CoinGape
Why Bitcoin Pullback Is Necessary The For Rally Eyeing $11,000? Bitcoin revives the uptrend teasing further action towards $11,000. Price pullbacks become a part of Bitcoin’s recovery tactic in 2020. Bitcoin is majestically trading above the critical $10,000 level following what has come to be known as a successful weekend session. A slight dip on Friday saw Bitcoin test $9,700 support. However, a reversal from the support had eyes on $10,000. The price action exceeded the crypto community’s expectations when Bitcoin not only climbed above $10,000 but also formed new 2020 highs at $10,195. The trading action in the past few weeks has been such a way that Bitcoin rises to a new yearly high, pulls back down and breakouts forming another high. The trend is also opening the eyes of the traders who now prefer to buy during the pullbacks. At the moment, Bitcoin is trading at $10,061 (on Coinbase). The price is in a bullish phase and short term to medium term analysis shows that the bulls could remain relatively in control. However, we cannot rule out price pullbacks. In this case, since Bitcoin approached $10,200 and failed to breakthrough, the region became a stronger resistance zone. Gains above $10,100 have recently become unsustainable. On the brighter side, Bitcoin has in the last 24 hours managed to stay above the key $10,000. As per the RSI, the ongoing retreat could test the support at $10,000. If Bitcoin drops further, the next support is at $9,750. As far as bullish signals are concerned, Bitcoin price is trading about the Ichimoku Cloud whose moving averages and trendlines are moving north. As long this situation remains intact, Bitcoin could remain in the hands of the bulls in spite of short term setbacks (price pullbacks). Bitcoin Levels To Watch Spot rate: $10,061 Relative change: -97 Trend: Bearish  RSI: Retreat from the overbought signals growing bearish grip Support: $10,000 and $9,750 Resistance: $10,200, $10,400 and $11,000
COINBASE:BTCUSDLong
by CoinGape
1
Bitcoin Price Analysis: Is BTC/USD Eyeing $10,000 Target or $8k Bitcoin buyers attempt to push above $9,600 towards $10,000 fails. The ranging movement is likely to result in more downward movements towards $8,000. Bitcoin recently made an attempt to push for more gains but hit a snag slightly above $9,600. The main target for the past two weeks has been the $10,000 resistance. However, Bitcoin's price got interested in a consolidative movement before the new breakout came into play. Therefore, it is essential to identify the current trend and its next course of action. Is it going to be an upward or a downward movement? The Bearish Scenario In the event Bitcoin closes the trading in the negative for the second day, it will give the bears more confidence to increase their entries, in turn, pushing the price lower. Note that the bulls tried to push for a breakout above $9,600 but failed to stay at the top of the daily range. On the other hand, sellers have maintained consistency in their push for revenge. Moreover, a bearish divergence in the Moving Average Convergence Divergence (MACD) and the downward movement of the RSI suggest that bearish action could take precedence. If the price breaks the ascending trendline, the 61.8% Fib level support and extends the losses below the 200 SMA, it will cement the bearish signals; where it could close the week close to the 100SMA (marginally above $8,000). The Bullish Scenario As far as bullish signals are concerned, Bitcoin bulls are depending on their ability to keep above the accelerated trendline (blue dotted). If the buyers push the price north without volume and supporting fundamentals, breaking the $10,000 will be an uphill task. However, even if the price drops to $8,000, the market will be able to keep the uptrend provided the main trendline stays in place. Bitcoin Key Levels Spot rate: $9,282 Relative change: 3.31 Percentage change: 0.02% Trend: Short term bearish bias Volatility expanding
COINBASE:BTCUSD
by CoinGape
Bitcoin Bulls Aim Higher At $9,700 After Weekend Consolidation Bitcoin smashed past the resistance at $9,600 over the weekend but remained majorly range bound. Bitcoin prevailing sideways trading is likely to last longer based on technical levels. Bitcoin price for the first time since November hit highs above $9,600 during the just-concluded weekend session. However, the weekend session was also dominated by consolidation mainly between 9,600 and $9,200. There were attempts to rise towards the resistance at $9,700, however, increased selling pressure contained the gains in the range. The consolidation still being experienced is also allowing the bulls to nurture a breakout. As long the price stays above the accelerated trendline (dotted), Bitcoin will have the potential to jump to new 2020 highs. Meanwhile, Bitcoin is trading at $9,374, which is slightly in the positive with a growth of 0.51%. The existing trend is bearish while volatility levels remain low. Bitcoin Price Technical Picture From a technical perspective, Bitcoin bulls are generally in control especially with the 50-day MA sustaining the position above the 200-day MA. Similarly, the Moving Average Convergence Divergence (MACD) sideways movement at +340 suggests that Bitcoin’s range-bound movement will last longer. Besides, the minor bullish cross hints that the bulls are slightly in control. Bitcoin bulls need to nurture and grow a breakout above $9,600 for them to open the door towards $10,000. However, it is likely that the price will hit a hurdle around $9,700. A move that could be followed by another slump to retest $9,200 before embarking on the journey to $10,000. Bitcoin Key Levels Spot rate: $9,374 Relative change: 47 Percentage change: 0.51% MACD: Ranging within the positive region; hints continued sideways trading
COINBASE:BTCUSDLong
by CoinGape