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Bitcoinbullish

Bitcoin Long Term IdeaIt is possible for Bitcoin to experience a pullback at this point. But I don't think this pullback will end the bull season. Price Pullback will be up to a certain point. If the price cannot hold well in the 37-38 thousand range, it would be logical for me to think that the bull season is over anyway. Once the price reaches the 58-59k band from this point, it will start a bearish movement again because the sellers are waiting at this point. On the other hand, if Bitcoin can hold in the 37-38 band, we can see $102,000 in a possible bull season. Please manage your risk.
COINBASE:BTCUSD
by barisylcnky
Bitcoin Meets Elliott Fibonacci: The Definitive CountBitcoin’s run thus far has been wild. The future will only get wilder. Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit. Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all. Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
BNC:BLXLong
by DigitalSurfTrading
1
How To Know When And Why Bitcoin Is Confirmed Bullish Or BearishBitcoin is at the crossroads as to whether it's bullish or bearish. In this short analysis we'll explain how and, more importantly WHEN, you we determine which of the two it is. By being able to identify the technical direction at the earliest safest point, we'll either be given the gracious opportunity of stepping away from the fast-approaching freight train, or - in the case of Bitcoin actually being back to bullish - we'll be able to hop onboard it before it catches on too much speed. As continually stated here on Trading View over the last few weeks Bitcoin is, until proven otherwise, in the midst of an ABC zigzag correction. The steep bullishness we're seeing at the moment is likely just a bull trap B-wave. And the very steepness of the last couple of weeks' price development tells that story on its own. A few weeks back we re-entered with the entirety of our Bitcoin position (or rather Marathon Digital Holdings for the leveraged effect) upon Bitcoin breaking above its half-year long diagonal RSI resistance. This had been rejected some 8-9 times depending on how you count. And as always within technical analysis, the more times a support or resistance is being tested, the more violent the eventual outbreak tends to be - at least from a statistical point of view - as legion of pent up pressure is released. And that's exactly what we've seen since in Bitcoin as it's gone up by 45% since its RSI breakout. So how then do we know whether this is a mere B-wave bull trap or whether it's in fact that bullish reversal towards new all-time high that everyone seems to be eagerly waiting for? Well, if this were to be the B-wave of that zigzag, we know that the B-wave on its own should consist of an ABC (see picture below). In an ABC zigzag correction the C-wave of the B-wave (the one we're in right now) is typically shorter than the A-wave of the B-wave. Yet, the C-wave can still reach equal length of the A-wave, albeit it's not as common. At the moment, Bitcoin is trading right at a technical confluence of resistance. So far the C-wave of that B-wave is shorter than that of the A-wave of the B-wave. If they were to be of equal length it'd bring Bitcoin to the 618 fib between $50 000-51 000 (the $13 000 length of the A-wave added onto the B-wave bottom of the B-wave). Now, as we've concluded we're in the prospect C-wave of the B-wave. We also know it's statistically unlikely for that to equal or exceed that of the A-wave. This is where the magic starts to happen. First of all, if this were to be the end of the zigzag B-wave it naturally follows that the next retracement below $50-51K should amount to the 1st wave of the 1st wave of the C-wave. Such retracement would have to at least reach the 382 of the C-wave of the B-wave in order to "count". If such retracement - which would be clearly visible on the daily chart - were to again be recovered price-wise, it would automatically disqualify the ABC of the B-wave as it would then have initiated a fifth wave. If, upon the next retracement that reaches at least the 382 fib, the price were to recover and take out the previous top we will KNOW that this is not the B-wave of that big zigzag, but rather a bullish 5-wave impulse - the first wave impulse out of a bigger 5-wave impulse - for a solid preparation towards new all-time highs. The same zigzag nullifying principle applies if the price were to continue past $51 000 as it'd be a statistical abnormality for a zigzag B-wave. This would rather tell us that we're in the 3rd wave of a 5-wave bullish impulse. And the additional reason for this is simple: the 3rd waves are usually the longest (and NEVER the shortest). All in all, if Bitcoin were to correct by at least the 382 at or below $50-51K this will constitute the high risk danger zone. This is where I will release the entirety of my Bitcoin-related positions (as in Marathon Digital Holdings). Upon reaching that 382, IF Bitcoin were to proceed by taking out the previous local top it would be a safe spot to go long as this would confirm the 3rd wave bullish count and automatically disqualify the entirety of the zigzag. If the price proceeds lower, chances are increasingly in favor of the zigzag being at work, preparing the price for much lower levels - technically in the late teens or early twenties. Equally so, if Bitcoin were to break above and close above $51 000 it would also conclude that the B-wave is invalid and that Bitcoin is trading in the 3rd wave within a 5-wave bullish impulse. In essence, the things to look out for are the $50-51K zone and whether Bitcoin can stay below or break above it AND how Bitcoin were to evolve if it were to retrace by at least the 382 fib (of the C-wave of the B-wave). If it were to continue higher than the local top, it will automatically disqualify the zigzag and confirm that Bitcoin is back to bullish. And if the price does not recover, expect significant drops in price.
BITFINEX:BTCUSD
by LongLifeTrading
4
BTCUSD LongPotential buy setting up on BItcoin. This coin has been bullish the last few days. I don't see that changing anytime soon. I am still Bullish on bitcoin until the trend flips on the 15M. If you were to draw a fib on Bitcoin you will see we have a rejection to the upside off of the 38.2 level. Creating a Bullish Flag formation First TP for the buy will be at the previous high around 42229. Then 2nd take profit for me will be around 44100 level. Remember the trend is your friend until the end!
BITSTAMP:BTCUSDLong
by BreakTheCycleFX
2
Bitcoin Breaking Daily Range Resistance to Start BULL RUN?!Bitcoin is consolidating in the 39k-41k range, forming what appears to be a diamond pattern. As the move into the diamond was up, it is more likely that price will break up from the diamond (of course, that doesn't mean a break down from the diamond isn't possible, just less likely). If price does break up from the diamond, then the technical target from that breakout is at 43K. This is huge not only because that would be a $3000 dollar move in the Bitcoin price, but also because that would put Bitcoin's price above the high of the range that we've been stuck in since the crash from 65K to 30K. The low of that range was around 29-30K and the high of that range was 40-42K. So by hitting 43K, price would be breaking above the 40-42K range high, thus likely starting a new bullish run after having spent such a long time in consolidation. Of course, we have to track this one step at a time, starting from first getting a confirmed breakout up from the diamond pattern. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
6
💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (32877.1). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 34861.7 TP2= @ 35234.2 TP3= @ 35875.7 TP4= @ 36566.6 TP5= @ 38000.0 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 / Crypto 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 ❤️
BINANCE:BTCUSDLong
by ForecastCity
7
Bitcoin going according to plan!Hi Guys Please check out my previous idea about the potential path Bitcoin is heading, in that idea I've outlined as many others have that this is a Wyckoff Accumulation / Reaccumulation (WAR). In this idea I want to recap exactly why this is happening and what you can expect. Why is Bitcoin heading down? First off Bitcoin can change direction within a moments time but if it continues here's why; Bitcoin is being pressed down in order to complete exhaust supply from panic sellers, this supply gets absorbed by the large operators resulting in retail investors unwittingly handing over their highly valuable asset (in this case Bitcoin) to the Institutional Investors. In my last idea I noted the volume was still high in the last dump to $28,805, this suggests to the Institutional Investors that their still could be panic sellers out their to absorb from; like a greedy eater, not only do they eat every crumb from their plate, they also lick the plate clean, this is the final phase of the WAR, to asses the plate and consume every last scrap remaining. Low volume on the final dump confirms that the panic sellers are facing extinction, at this point the green light is shown and the advance out of this price pit commences. If this proceeds in this way we can expect the price to revisit 29k, if not very briefly touching below 30k, this will capture the panic sellers and confirm maximum absorption is achieved. Conclussion From a Bull's perspective it's never good to see the price fall, however if this is a planned pattern then we can actually preempt and expect it. IMO this is an incredible opportunity to accumulate and if not possible Hodl knowing this is a massive Bear Trap and great things are just around the corner. What do you guys think, would love to hear your thoughts? *Disclaimer, this is not financial advice, please do not invest your money based on my opinion, thank you.
Long
by cmpkpersonal
5
Is Bitcoin due one final test before true uptrend resumes?Disclaimer: Not financial advice just my humble opinion, please do your own research before investing your money. Let's go. INTRO The main idea behind the Wyckoff Accumulation or Reaccumulation let's call it WAR for short is for "Smart money" (SM) or massive financial powerhouses to absorb the asset from "Dumb Money" (DM) or Small amateur investors (you and me). So how can us simple folks outsmart the big guns, we can learn their play book. Now the main mechanism behind the WAR is to maximize selling from DM so that SM can absorb it. The dumps at the bottom of the trading range are all from DM's panic selling. CHART OVERVIEW If we look at volume we can see their has been a drop off in selling supply from the first dump on the 19th.May.21 to the second dump on the 22nd.June.21, this represents a 42% drop in volume, however volume still remains high, if we look back in January 2021 we can see there were three significant dumps in the WAR at that time, the first was a 43% drop in volume (very similar to what we've just experienced) and the last was a 62% drop in volume (from the first dump). ANALYSIS The final test of the bottom is usually a low volume drop because this represents selling exhaustion, that most of the DM that would sell have finally sold, at this point the WAR reaches it's end point and price breaks through from it's manufactured box. CONCLUSION There's a 50% retracement from the upthrust to the second dump that occurred on the January 2021 WAR (See chart); this could be the point we see a final, low volume dump (lower than the first dump but higher than the second dump) before we take off skywards. What do you guys think? Please leave your comments below, appreciate you guys taking the time to read this.
Long
by cmpkpersonal
Could this be the final dump before Bitcoin pumps?Hi Guys *Quick Disclaimer, this is not professional advice please do your own research before making any investments. CHART OVERVIEW The chart shows 6 Gann retracement lines and specific labels depicting certain phases of this suggested Wyckoff Accumulation Pattern, I won't go into every detail but will just discuss the end phase which we may be in right now, the bar pattern extending out from the current price is a projection of future prices and it is copied from the 29th of Jan until to the 21st of feb 2021 which was the movement out of our last accumulation phase. ANALYSIS We've just had a significant upthrust out of the last test of support, since then we've had a rough ride down towards the the bottom support area. The price is being pushed down, so far we have not reached the bottom of support, if this is a classic wyckoff accumulation pattern we'll see a further short sharp drop just under the 30k support with a quick turnaround, heading back above support (this is known as the "Spring"). Going out on a limb here, IMO the 30k support is such a strong support I doubt it will be broken. When everyone says it'll be broken and we're heading down to 27 or 24k that to me signals we're probably not. As i'm writing this the price is around 32k, so it may seem odd to be optimistic, however the best moments to invest tend to be in times of great fear. On the chart we can see a bar pattern extending out of the current price, this was the actual sequence that happened two days after we reached the last dump in the last accumulation phase in January 2021; this is to show a very bullish outlook of what may happen, in a very approximate way. CONCLUSSION Only your future self knows exactly what's going to happen, we are in the field of spectacular speculation right now. This Wyckoff Accumulation Pattern makes the most sense to me, with my very bullish glasses on and going by this analysis we are going to see a huge reversal this week, perhaps within the next few days, then within 2 weeks we will be out of this pit stop and charging upwards; with my hybrid bear and bull glasses on I would say we are in for several more weeks or months of consilidation and with my full on bear glasses on we are heading down to 27 or 24k. I'm leaning more towards the most bullish sceneria of a turnaround not being so far away, what do you guys think, I would love to hear your thoughts?
Long
by cmpkpersonal
Is Bitcoin bullish right now?Hi Guys QUICK DISCLAIMER First off please do your own research before trading/investing, this is not professional advice. Let's crack on. CHART OVERVIEW Here is a weekly chart of the Bitcoin price (BTC/USDT); we are right now at this resting point, in the chart you'll see two Gann boxes placed side by side. The first Gann box extends from the major low to the major high, the second is copied and placed next to the box from the major low and high, creating one massive Gann box. There are many lines (support and resistance) but Gann expressed the 45 degree angle to be the most important line. I've placed two purple lines representing the two 45 degree angles, these can act as support and resistance depending on the price action. Also there are retracement points I have set in green, the .375 and .5 are Gann retracements and the .382 is a Fib. retracement. ANALYSIS *The 45 degree angles According to Gann the 45 degree angle is a perfect balance between price and time, price likes to gravitate towards this area. The further the price is above the ascending 45 degree angle the stronger the uptrend but also less sustainable the further away it climbs, the lower the price drops below 45 degree angle the stronger the downtrend but also less sustainable the lower it drops. You can see that we are at this "tipping point" caught between these two 45 degree angles, we have touched and pushed above the top ascending 45d. angle on 4 occasions but have failed to convincingly close above it. *The retracement points The 0.5 is a significant retracement point and you can see that this has given us major support, in fact in the last 4 week candles we have closed above it. This support will be very hard to break convincingly, we have dropped below but the support has remained firmly intact. The retracement points above (.375 and .382) show strong confluence with previous price action. Judging by past price we can see that once these levels were broken, together with the 45d. angle, the bullish momentum continued. CONCLUSSION In my opinion we are in a massive re-accumulation zone or "shakeout zone". These are purposely designed to take the asset away from the public and into the hands of the big players pulling the strings of this specific episode. This current week could be the final major "grab" before the major uptrend continues, I expect one last short shakeout (potentially next week) around 40k before we recontinue the bullish uptrend. This is a very bullish scenario and could very well be incorrect, especially time-wise as this could last a few weeks or even months, however if you believe in the fundamental value of bitcoin then the current price action is a distorted reflection of the true intrinsic value of Bitcoin and therefore must be broken. Would love to hear your thoughts and comments! Thank you for taking the time to read this!
Long
by cmpkpersonal
4
Bitcoin W-Bottom Bullish Breakout Long at 37.3K! Time Sensitive!Hi guys, this is OG back with another daily technical analysis on Bitcoin. If you enjoy these posts, please like and follow, and feel free to ask questions and share your ideas in the comments below. Today we are zooming in to the 15Min chart as I see a potential long trade setup. After the most recent rally, Bitcoin is having a small correction and have come down to the 200MAs on the 15Min chart. In this support zone, Bitcoin is forming a potential W-bottom, with the neckline at the 37.2-37.3K zone. If price breaks above this zone with a strong candlestick and strong volume, I will put in a long position, with stop loss below the 200MAs / swing low of 36-36.2K and targeting the recent highs of 38.5 as an initial take profit. Depending on the price action at that point, I will decide how much to take off the table and how much to keep in to target higher levels. Above the 38.5K level, we have 39.2K as a critical resistance level as it was the last major swing high, and price needs to break above that to start having a bullish reversal on the higher timeframes (4H and Daily). As always, I’m not a financial advisor, do your own research, and stay safe!
Long
by cryptotraderog
13
Bitcoin Breakout Target Hit! Bear Trap & Bull Run To Continue?In yesterday's post, I mentioned that Bitcoin broke out of the inverse head and shoulders pattern after we got a bullish RSI divergence and that it was a good place for a long with a price target of 36.5K. That price target has been met, with price rallying as high as 37.5K. Price is now back within the symmetrical triangle and above the 200MAs. This is one of the three scenarios that I mentioned in my post 2 days ago, in which i laid out the path for price to break back into the symmetrical triangle, retest the bottom of the triangle as support and then rally up. So far we have seen price come back within the triangle, retest the triangle as support, and started another leg up, exactly as laid out in that post. The next level to watch for the bulls is the triangle resistance at 38K to confirm further bullish momentum. On the downside, the triangle bottom of 36K is the level to watch. I break above 38K or below 36K could signal another big move in that direction. If price continues to go rally, we might have seen one of the biggest false breakdowns / bear traps in Bitcoin history, as the entire area from 35K to 31K, the area between the break below the triangle and then reclaiming back within the triangle, becomes an area that has trapped a large amount of shorts. These shorts could also serve as explosive fuel to the upside should price rally further and start to trigger more short liquidations and cause a short squeeze, where shorts are forced to buy in order to cover their short positions. It is still a bit too early to say that this is definitely the case, but a break above 38K would further confirm this thesis. As always, I’m not a financial advisor, do your own research, and stay safe!
Long
by cryptotraderog
6
Will the Bull Season Continue?Bitcoin made a serious correction, I'm glad. The price remained above the EMA50 over the week period. In this collapse, the price touched its upward trend; March 2020, October 2020 and May 2021. The price came in an uptrend 7 months apart. With this logic, it will rise towards the end of the year and will seek support from the rising trend again in December. If the bull season ends, I think it may be the result of the upward trend break at the end of the year. The price is currently around $36000 and moving up. There is significant resistance at $ 40,500. It would be nice if it closes above $ 40,500 weekly. Then we will continue with $50,000, $59,000, $70,000, $89,000 and $122,000. My Bitcoin target is 122,000 dollars at the end of the year.
Long
by KriptoneumAnaliz