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Bitcoin-usd

Bitcoin Started to Distribution of Phase DWeekly rsi was overbought and it has sell pressure from the weekly ma50 so I think we just started to Phase D of distribution. Before to rise again, rsi needs to take breath also we need to check support lines. This brings a short opportunity here. Short between 5250-5150. Tp1 : 4920 Tp2 : 4780 If support lines broke, Tp3 : 4620 Tp4 : 4480 Stop Loss: over 5350. This is my first post in here so all kindly criticism and suggestions are welcome. All the best and good luck for you.
BITSTAMP:BTCUSDShort
by BtcBtr
1
Bitcoin Price Prediction:BTC/USD is a step away from $6000 retun 1. Bitcoin price in the second half of trading on Wednesday is trading in the green, holding gains of 0.22%, as the bulls resume buying pressure. 2. BTC/USD is making strong progress towards a return of the $6000 territory. BTC/USD bulls are moving gradually through the sticky supply area of $5500-600 range. They need just one final push and the price could very quickly return back up to the $6000 territory. **BTC/USD short time sell target 5170 and 5080 Area and Other side of long Buy 5060 level . 5060 level H4 200 ma Moving Average so good position for buy , target 5500/5650 and finally 5830 Area. The largest digital asset was trending sideways between $5,100 and $5,200 prior to Tuesday breakout. Technical levels remain intact in spite of Bitcoin failing to move past $5,350. 3. BTC/USD bulls try to hold the ground above critical support. 4. The critical resistance lies with $5,500. High: 5219.93 Low: 5129.19
COINBASE:BTCUSDShort
by Saleh11
BTC's last 70 weeksI said I will change my mind about the market the moment BTCUSD is out of this channel. We are nudging against moving out of it right now. Here is a macro view on the down trend in it's entirety. The most recent week's candle fits right between a 50/200EMA. Our Squeeze momentum indication is turning over to positive volatility, I have marked the 6k we all see as the next resistance to confirm a new trend if a break above this happens. I have also marked a couple low supports if a breakdown occurs below our previous sideways micro trend. I personally don't think it will break above 6k right this second. But it looks like we can get out of this channel potentially. At least LTCUSD is way ahead. Shown Here: Hope everyone has been making those gains/accumulations etc. Love you.
BITFINEX:BTCUSD
by spaznull
Bitcoin and Moving AveragesAt the moment I'm using moving averages 20-50-200 and Elder's Force Index ( EFI ) and that is working really well for me in Bitcoin and other alts so I thought I would share my observations. The 20 Weekly Moving average As you may notice, the 20WMA is quite significant, during the previous bull market it acted as a significant support and has been the main resistance throughout the bear market. BTC is currently just over the weekly 20MA, the second time in this whole bear market! Notice also how the price dropped in the last few days to re-test it as a support and we have bounced from it. Also, the first time we went over the 20WMA was when we re-tested the weekly 50MA as a resistance and that is the only reason it had enough strength to go over the 20WMA. So overall this is very positive for BTC but we have a lot of resistance ahead. The 50 Weekly Moving average On April 2 we bounced strongly off the 50WMA, then unable to go above the 20WMA we fell hard through the 50WMA without a bounce. Followed by two retest on the 28th of May 23rd of July. Since then the price has not been able to go higher than the 20WMA until in the last two days. The 200 Weekly Moving average This moving average is very significant in other markets and in the case of BTC we have bounced two times out of this moving average. This is the first time in this bear market that BTC has done so. If you get the GTL indicator and still in the weekly chart, you will notice the lower band channel (in light grey here) was so perfectly the support around the 6k area for at least 5 times, until the 20WMA was too strong and a lower moving average needed to be tested. This lower band (in light grey here) will be one of the major resistances ahead. Current trajectory of BTC indicates $4500 will be the next major resistance. Currently we have a potential iH&S on the daily chart which, if confirmed, target will be around that area of $4500-$4700 which is also where the 200 daily MA will be. It is really positive to have not witnessed a major sell off yet, if that wasn't the case, it would mean BTC is extremely weak to even attempt to go higher where these major resistances are. In my opinion, BTC will officially be in a bull market once we have gone above the weekly 50MA. I would be cautious though as we are not clearly ahead from the yearly downtrend line (dotted purple) and it is usual to see alts getting ahead before BTC has a major sell off.
COINBASE:BTCUSD
by Poukitoun
4
BTC cycle theory: when is it end of the bear market?As you can see, there are a lot of traingles above. Why traingles? Because it is very good figure to analyze charts with an upgraded cycle theory. First of all, let we compare volumes and candle sizes in the biggest traingle and in the green second traingle that has smaller size. We can reveal, that in the first traingle candle sizes has ~1.9 times bigger size, the same for the traiding volumes. Now watch at brown line. It is major trend for the bearish market that lasts for more than a year. You can see that price tried to break it at least 6 times, but didn't succeed. If this line get broken, it is the best sign of the reversal trend. Now watch at first green support line at 6000. Also plenty of unsuccessful tests until it finally has broken. The same line for the smaller traingle. Then let's make a traingles and measure price change and the period of time on the traingles edges. Keep in mind, that first traingle's suport line has broken before it reached the vertice. Measure the small traingle inside the biggest one. After measuring proceedure we found the lengths of the edges (see it on picture). Now let's find similarity coefficient between all traingles. For the biggest one and the second one it is ~1.8 (divide relevant edges). Nearly as the candle size change we found above! For the small traingle inside the big one the coef. is 7.5. Finally, let we make the same traingle with the same similarity coefficient like the market did it before. We get the yellow traingle. As coef. = 1.8 it's period should be ~100 days and price should go down to ~1800-2100 level. It is not a school geometry lesson, traingles just help to visualize market cycles, so I suppose, that the price should go down ~to 2K. After that happens and the third traingle would be complited, it is very high chances to break the major trend line as the sizes of the potentiall future traingles gets smaller and smaller and bull support gets stronger and stronger with the price declining. Main targets: Now-APR - ~3300-4000 End of APR-AUG - yellow traingle, ~2000 AUG+ - start of the reversal trend
BITFINEX:BTCUSDShort
by sunnydog1001
1
BITCOIN - Emerging Bullish BreakoutBTC is current exhibiting bullish momentum on the Daily and lower timeframes, with higher lows being formed and resistance ~4100-4200 being tested already multiple times (The more a level is poked, the more likely it will break). Bias is currently bullish. - A breakout from local highs ~4100-4200 will see 4400 tested. - A breakout above 4400 will see no real resistance until 5000. If the bullish trendline fails, support is at 3700. A rebound here would still be considered bullish (higher low is formed). If 3700 fails, 3300 is major support and bias will be bearish, and the long-term downtrend may continue.
BITSTAMP:BTCUSDLong
by Elemont
2
Bottom Officially IN. Final Dip Before TakeoffUsing the Hall and Co trading indicator a BSO (Buy Stop Order) has been triggered indicating a local top. We should've had one for BTC but it didn't rally high enough to trigger one. There WAS however a BSO event for ETH: Looking back to the last consolidation period after the 2014 Bull we can see that there are two BSO Peaks and two massive dumps to confirm support at the bottom: That is what we are seeing currently with the most recent dump in the past few hours. If anything it's happening rather soon, but it does also tie into the idea that we start going up properly in May. Gameplan: buy as much of your favourite crypto once this hits rock bottom at the 3400 support area. If it breaks hard and wick down to 2k then that's a steal of a price. Most traders spread the "never catch falling knives meme" but really the bottom is in and the next final dump is commencing. We could have a third BSO Peak (which would be a never before seen BTC feature) but then it would bounce back to the lower 3000s again and find support. This 3k has been rock solid and I don't really see it breaking down. Literally get as much fiat you have (that can be kept in internet funny money until 2023-2025) and put it all in when the dump finishes.
BITSTAMP:BTCUSD
by bobjames1