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Bitcoin-usd

Next move on ETH could be hugeThis morning's dip probably scared some people but I think it's a healthy small correction. It looks like a retest of the previous rising wedge that has been forming for two months and ETH has rejected it for now. Good news coming along is definitely helping it. Now, the next level seems to be the 1.618 FIB retracement relative to the Jan 2018 ATH, that's if, of course, everything goes as planned. Looking quite bullish in the long term still. What do you think?
COINBASE:ETHUSDLong
by mounirs08
2
Major Unbiased Crypto, Blockchain, Bitcoin Move To The UpsideHere's A Weekly Fractal Pattern Measured From Exactly 19 Years Ago to the Pits of 2008. If History Ever Repeated Itself, The Next 2 Months + Could Be Real Nice For The Blockchain As The Value Of The Dollar & Crypto Cap Move In Conjunction As Similar Polarities Repelling Each Other. To Make It Simple, Dollar Up = Crypto Down And Vice Versa; Crypto Up = Dollar Down If This Fractal Pattern Measured With A Fib Retracement Is True, We Are Exactly 50% To The Next Potential Dollar Pit Running The Next 3 Years. As Each 1 Percentage Point The Dollar Decreased, The Cryptocurrency Market Cap Increased 24% Per That One Point Decrease Of USD. (Measuring The Run Up From March 2020 Bottom To August 31 2020) As Each 1 Percentage Point The Dollar Decreased, The Cryptocurrency Market Cap Increased 44% Per That One Point Decrease Of USD. (Measuring The Run Up From September 21 2020 To January 4 2021). Since Then The Crypto Cap Saw A Healthy Correction Of 25% If We Take The Average Of The Two Percentages (24 // 44) We Get 34 Right. If We Apply This Same Logic Or Thesis Of The Dollar Going Down And In Turn Crypto Going Up To The Next Projected Downfall Written In The Fractal Shown In The Snapshot, Potentially We May See A 2 Trillion + Crypto Cap Or A $70-80k Bitcoin In This Next Move. Take What I Present Or Say For What It Is, Because You Are The Gunner At The End Of The Day.
INDEX:DXYLong
by georgepalacesiii
Bitcoin Re-AccumulationI have been asked about Bitcoin a fair amount in recent weeks. My first investment in Bitcoin was around $11, If I am honest I wish I had held on to them (not worth thinking about) But back then the Technology was interesting and the investment was worth a shot. Obviously, it paid off and an early exit was regretted. In 2017 our company started investing in Blockchain Technologies for the financial sector - so we are a believer in the underlying tech in general. After the first hype - we felt that the crypto market (different to the blockchain) as in, coins with no real driver or purpose were popping up with the sole intention of a big ICO and exit stage left. The crash actually helped the market overall by shaking out the rubbish (a lot of it) and paved the way for more institutional focus. In doing this, the transition from the cool kids to the professional investors is where we are currently at. As a trader of stocks for 20 something years now, I have been fortunate enough to also be involved in direct company investments and from seeing both sides, you can paint a clear picture. Re-Accumulation takes place after early adoptors take profits this causing a knee-jerk reaction and the price to drop down a fair percentage without easing up. I read that after the $40,000 high the drop wiped $170Bn off Bitcoin's value in 24 hours. So I would class this as the "Reaction". You then will see a market manipulation take place, designed to fool traders into a belief the drop was the pullback and long it will continue. Before another fair size drop (caused by decent selling - profit-making of coins only acquired days ago on the first drop price). Once a quick buck is made, the professional trader will push volume in the other direction lower than the low of the first reaction. Think about it logically for a second, at this stage you have new players new to trading, new to tech. Jumping on the bandwagon trying to make a fast retirment pot. If the price creates a lower low, retail traders are shown "this is a down-trend" maybe it was a bubble - Again fear setting in. Once the Price has come back below *Fair market value - the accumulation will continue until enough coins have been accumulated and the real rise comes. Sending the price up and above the last highs and into new territory. Here's a couple of screens in mostly in smaller timeframes to show examples of what is going on. This above shows the concept mentioned of manipulation after the buying climax. These are some potential scenarios based on the shakeout logic. Fair Market value levels. Accumulation indicator widening. Trend momentum in the smaller timeframe & key levels. This shows the contractions of the trend near the top - creating a range now for Accumulation. Volume movement slowing toward the top and a steady drop down to the value area lows. Not to scare people too much, whilst collecting coins. ATR Drop confirming volume decreasing slowly in the Accumulation. I hope this helps - please feel free to ask questions, comment, and like below. Have a great weekend. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
27
Bitcoin Preparing For Break Out: Pennant AnalysisIn my previous Bitcoin analysis I predicted that bitcoin would follow the pennant, which it has done for now. Now, we're at a point where the pennant chart pattern is almost completed. With every passing hour, the chance of Bitcoin breaking out is becoming bigger and bigger. Since the crypto markets are a bit on edge now, suffering from being overbought across the board, this pattern is not necessary a bullish one. Therefore I've added two possible outcomes, a bearish and bullish one. To trade this pattern one should first of all wait for a break of the pattern. In case you want to be more sure of the direction, wait for the price to break the confirmation line and trade that direction. Higher time frames yield a higher predictive power. On the chart I've marked a support and resistance line which could serve as short term targets in case of a break out. Happy trading!
by FieryTrading
17
Gold (XAU) Short to LongLooking at DXY, SPX and even Bitcoin - the Dollar needs a move up. Stochastic, Elliott and various other tools all say the same thing. This move will come with Dollar strength once Biden is fully integrated. Then Dollar will drop pushing this up (we might even see a new high) and then what also makes sense is for the SPX to drop a fair way and it might drag gold back down before it becomes the safe haven again. Stocks will get converted to Gold and then we could see a bigger Rally as a whole. Overall sentiment is Long - but I expect a short to the order-block, a rise as the dollar dips back before a major move based on SPX and not DXY pushing Gold Long for some time. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDLong
by Mayfair_Ventures
5
BTC WEEKLY 11 -17 JANUARY 2021TECHNICAL DETAIL ON GRAPH ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NEWS Joe Biden's $3 Trillion Stimulus Plan Will Bolster Bitcoin Crypto Advocates Think Joe Biden's $3 Trillion Stimulus Plan Will Bolster Bitcoin According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a stimulus check for $1,200 during the last program, and then $600 per person during the most recent stimulus plan. Crypto Advocates Think Joe Biden's $3 Trillion Stimulus Plan Will Bolster Bitcoin Reports say U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief. Trillions of U.S. dollars have already been issued for Covid-19, and it is estimated that a quarter of all the USD in existence was minted in 2020. Now reports indicate that U.S. President-elect Joe Biden is planning to distribute another $3 trillion when his administration takes office. Axios.com contributor Hans Nichols reports that “Joe Biden is considering asking Congress to help suffering Americans in two steps.” Nichols notes that Americans may get a $2,000 coronavirus payment, alongside a tax and infrastructure package worth $3 trillion. Nichols also adds that Biden’s “Build Back Better” program will increase capital gains and the marginal tax rate for Americans who represent the country’s top earners. Crypto Proponents Believe Stimulus Will Bolster Bitcoin Ever since the news came out that Biden may create another $3 trillion to kickstart his administration’s “Build Back Better” program, cryptocurrency supporters said that the stimulus will likely bolster bitcoin. On January 10, 2021, the Twitter account dubbed “Bitcoin Archive” wrote “bitcoin jumped +35% when the 3 trillion in stimulus was announced in July 2020. That could take BTC to $55K if it happened again. Joe Biden will announce another big stimulus Bill on Thursday.” Crypto Advocates Think Joe Biden's $3 Trillion Stimulus Plan Will Bolster Bitcoin The crypto Youtuber, “Ivan on Tech,” also tweeted about the $3 trillion stimulus proposal stemming from the Biden administration. “Biden preparing a $3 trillion stimulus,” Ivan wrote. “It will take the stock market and especially bitcoin to insane levels already in February,” he added. Youtuber Lark Davis tweeted a similar statement and said: Massive U.S. stimulus package coming with the new Biden administration. 3 trillion on the table. Bitcoin going to Jupiter. In fact, during the weekend, while lots of crypto enthusiasts discussed the recent Big Tech censorship, the Biden stimulus conversation was also a trending Twitter topic among bitcoiners. One individual noticed the number of long calls increase on the derivatives exchange Deribit. “After Biden’s confirmation that he will push out a $3 Trillion economic rescue package (can’t really call it a stimulus), options activity on Deribit shows big increase in long-dated calls in the area north of $100k. Market says, bitcoin number go up to six figures by September,” the individual said. Biden Backers Show Administration Will be Big Spenders ‘Expecting Something in Return’ Meanwhile, other reports that show all the backers behind the new Biden administration, indicate that the next four years may see a whole lot of careless spending. The Screechingkettle author Jon Reynolds explained on Sunday how the “bankers, defense companies, venture capitalists, private equity firms, telecom industries, intelligence community goons, and economic hitmen gain from donating to the Biden administration.” Reynolds believes that donors will “expect something in return” and they will be getting “more handouts” as well. After hearing about Biden adding another $3 trillion, one bitcoin proponent said people would be crazy to sell BTC right now.
BITSTAMP:BTCUSDLong
by Donny1986
Bitcoin is heading towards $50.000Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar). After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making new All Time Highs (as we speak). There is enough bullish momentum and not enough liquidity to stop anyone from pumping the price further. The RSI and other common indicators fail to give us a hint about possible overbought territories. So we have to trade with the trend. Please use a tight stop loss if you long this. Respectively, we have a bad Risk/Reward (at least in my point of view). Let me know what you think in the comments and feel free to appreciate this idea with a like! cheers, Ares
BITSTAMP:BTCUSDLong
by Anton_XBT
6
[GUIDE] How to Determine Whether You Have a GREAT Entry on ETHOur job as traders is to buy low and sell high. In this analysis I will walk you through the several techniques you can use to determine when Ethereum is considered 'low'. The biggest challenge we face now when entering for a long position is a good entry. The price is definitely "high" in and of itself, as Ethereum is in a massive uptrend. One of my top suggested choices for a great entry position is buying near a retracement to a local support zone. On the chart I showed many long term horizontal zones. Another issue for the current uptrend on Ethereum is that there is relatively few horizontal price action to work with. A solution I applied to this is taking the longer term horizontal price levels. In this case you could wait for a retracement to about ~$715 for a great entry. Using support and resistance zones you should then also use a similar methodology to determine your exit positions. I suggest a long towards ~$820 for a 10% trade or a long towards a more aggressive target of ~$980 for a 33% target. Another option to mark a "low" position is by using something like a parallel channel. The one I used on the chart is not very clean from a technical perspective but still gives an indication of trend. A move towards the lower end of the channel could indicate a great entry position and marks a "low" price. In this case a level of say ~$680 could be used for instance to buy Ethereum. When looking at the sell side using a channel we would make it more time dependent. If the price moves up fast and sudden, we're looking at a price target of around ~$880 around the 11th of January, or a price target of ~980 around the 27th of January. Other options include using hidden bullish divergences and indicators such as the MACD but I won't go into detail on those in this post. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
16
Short position - closed with a loss of 130 pips BTC/USDTHello dear friends, as you can see, my expectations for the breakdown of the level 23300-23000 did not come true. This position is open, as there were opportunities to close it with a plus, but I did not. The symmetric triangle was broken upward. We have a double bottom, so it's too early to talk about a fall. Although all big TFs say otherwise. I have another short position open from 24090. So I won't lose. Look carefully, if we have a crease above the level of 23800 - definitely - a long position before the update 24280-24500-25000-25500. These are the CME levels This should be only for 2 hours of TF and look, what would it be true price creep with a trade. Otherwise, it will be a false breakout of the price.
by UnknownUnicorn13204076
1
💡Don't miss the great buy opportunity in BTCUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (20100). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 20860 TP2= @ 21300 TP3= @ 22000 TP4= @ 22700 TP5= @ 23500 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
22