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Bitcoinanaylsis

Bitcoin: Thoughts and Analysis Today's focus: Bitcoin Pattern – Ascending Triangle Pattern Support – 33,780 Resistance – 34,717 - 35,480 Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart. Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern. The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg. Good trading.
EIGHTCAP:BTCUSD
by Eightcap
Bitcoin - July 14, 2020 (Bearish)BITSTAMP:BTCUSD Hi everyone, I'm not usually sharing my analysis, but I will do it now. OPINION: bearish ANALYSIS: Since the beginning of June, we are in a descending triangle (black), with base around 8,930 (the .236 Fibonacci retracement). On July 8 we saw a failed bullish break-out from the descending triangle, at the end of a +/- 10-day upward trend, that started on June 27 (green line). After the that failed bullish breakout: - we are (again) below the 21 daily SMA (blue) and EMA (red); - we are forming a smaller descending triangle (blue and magenta), with base around 9,150.
BITSTAMP:BTCUSDShort
by GeertVD
Warning! - The following chart may be too much for some viewers!This chart shows you the only way out of an imminent death cross for BTC. It is a very realistic looking scenario so be sure to note that the last 5 candles are not real. We have to meltdown to 7K - 6.5K to go up to safer ground aboard one or two "weapons-grade" green candles. From there we have to crawl up to a few other buy zones that can get us to 20K and then we hit resistance from hell which will send us back down to the bottom, all of this would take months of course. Bitcoin and crypto in general is one of the fastest moving (volatile ) asset classes and still it takes months to hit highs and lows. This is the road we are traveling -- take a look below. it has taken years for that triangle to form. The first high (that we all remember) was achieved in December of 2017, we then touched the bottom a year later! We are now due to start moving down to the 7k - 6.5K area in the next few days. It is at this point that we won't know for a while whether we are going to move up or down. If we decide to go down it can take months until we hit that bottom green support line. Understand this; Both green Xs in the chart below have great probabilities of generation strong moves out of the triangle, that's why we have bought alts already (just in case.) Looking at this chart it seems that for now, money has stopped coming in and a little has gone back out. The powers that be may be waiting to see how that golden cross will play out. Let's do the same. Wisdom There is something called the 90/90/90 rule which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going down THE OUTLOOK: Not safe to buy BTC but we are near the bottom. Be safe and follow me to make money and stay ahead of the curve. Xena Exchange Resident xena.exchange
Long
by cryptoGats
13
Biggest opportunity of your life, BTCI've been following BTC for a while. I haven't updated because nobody checks this tradinview page of mine, so I don't really update as frequent. If you followed my other platforms, you'll know that I was calling for downside previous to what I've posted here on tradingview. Anyways, here's the macro picture of BTC. Very easy to follow. The signal? Just wait til SAR flips for a reversal on the WEEKLY. That is all. This is very bullish setup. Nothing has changed on the macro perspective. Good luck. If you made some serious money because of this idea, please consider using my affiliate link or donating. This is a long term HOLD. Entry is when price close-in on the 20 SMA Weekly. www.deribit.com BTC Address: 3LzoD16hsSYZhws6XhFS7yXsePpjNQ7DZC
BITSTAMP:BTCUSDLong
by cooface
2