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Bitcoindollar

BITCOIN: the pattern that nobody wants to talk about #BitcoinWithout fail, every single major Bitcoin crash in history has flashed a bearish MACD crossover on the weekly and has fallen below the 21 weekly EMA. Literally every time this happens Bitcoin crashes. It was true when it went from above $1100 in 2014 to $150, when it went from $20K to $3K in 2018, when it went from $14K to $3800 in 2019, and we see the same signal now from $64K. The obvious question is where will it find support. The most logical answer based on trend is the 50 weekly MA or slightly below, which would also support filling the gap on the CME futures between $24K and $27K. I'm not saying that it WILL do this, but trend is your friend until it isn't. And until this trend is broken and the market proves to you otherwise not recognizing it is being dogmatic for no reason. Nothing moves in a linear fashion. We will likely see multiple dead cat bounces if we are heading there. If the trend is broken and we magically go up from here, nothing would make me happier, so I'm not rooting for BTC's downfall at all. Now if you're a long term holder, countless backtests and studies have shown that nothing beats dollar cost averaging. I have no doubt that Bitcoin will be worth more in years than it is today. If you are a trader, you most likely would've already exited your position at your short term profit target. Only time will tell whether the trend ends here or not. We wait and see.
BITSTAMP:BTCUSD
by TheTravel1ngTrader
8
Bitcoin Daily Wave Analysis (Short)Bitcoin had formed a wedge pattern last month so we predict correction and that happened. We asumed that the price will reach 43K on the botton of wedge pattern, now we have a supportive level(43K). BTC has break two important daily and weekly Moving Average. Now we make another analysis, One more likley scenario is that we see a pullback on 48K and then go short to about 34K. 31-34K we SHOULD saw a strong support on this level, and we could go Long then. Be aware of money managment and risks. Drop Like to give us energy. Comment your valuable oppinion. Thanks.
BITFINEX:BTCUSDShort
by Price_Action_Naser
Bitcoin how to play itAll in graph. You can see that for the first time we are starting to move in a perfect parallel Descending Channel. So what u wanna do his follow the King movements in this channel. before taking a position don't forget to always keep some Juice for a rebuy or set a Stop Loss, this is Trading, not lottery, don't go all in. if you see this Bearish Trendline is broken with a strong break at 50000$,so we could consider that BTC finished his retracement. Cryptos are fast, so you have to be fast as! don't follow Fuders like Elon Muskitos and bullshits news, Follow the trend ! Trading Parts : ------------------------------------------------------------------- - Buy Zones : 42000$ - 45000$ - TP : 54900$ - Stop Loss : 41000$ ------------------------------------------------------------------ Play Wisely, Stay Safe ! Happy Tr4Ding !
Long
by thecryer
6
BTC/USD : THAT'S THE BTC CHART AFTER THE ELON GAINS..... 🔥 🔔Elon musk's batteries are vegan and ecological 😂😂😂😂 Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good trading day!
COINBASE:BTCUSDShort
by FOREXN1
11
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (47230.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 29. Take Profits: TP1= @ 53274 TP2= @ 57950 TP3= @ 59760 TP4= @ 62685 TP5= @ 64940 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 ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (47230.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 29. Take Profits: TP1= @ 53274 TP2= @ 57950 TP3= @ 59760 TP4= @ 62685 TP5= @ 64940 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 ❤️
Long
by ForecastCity_World
16
Is The Bull Run Over?Seems like the bearish breakdown signals from my idea on March 17th were right. However, breakdown happened a lot slower than expected. But is the bull run over? Price did break down below the 50 day MA with a tap on the 100. During the 2017 bull run, trend would only reset after a tap on the 200 day and in my opinion that is inevitable. This should open up an edge to edge move within the ichimoku cloud . Since the price hugged the 50 day MA line before breaking down, I expect price to hug the 100 day MA now before moving further down towards the 200 day MA. In the 2017 bull run, a trend would reset after ALL of the following are satisfied: 1. Bullish TK cross above the cloud. 2. Price bounces from 200 MA and makes a support on the 50 day. 3. RSI hits a value of 30 and bounces. If you see these signals it’s a clear sign of trend reset and you can be sure that the bull run is not over. BTC has not gone through a reset in this bull run so I think it is about time we see one now. These up-trend, sideways, reset cycles happened in quick successions in 2017 but this time I am believe cycles to expand. The market is impatient and BTC will test you. No Pain No Gain. Idea invalidated if price falls below the cloud, breaks below the 200 day MA AND shows no sign of reversal on RSI . PS: If this scenario plays out, it will be great for an extended alt season.
COINBASE:BTCUSD
by brotoshee
1
BTC Bitcoin sentiment! **BTC Market Update May 13** Huge sell off happened today for the whole crypto market! -23% BTC Already - Is this the May correction we are waiting for? Happened unexpectedly *What Happened?:* - Failed Elliott Wave 3 and 4 (Unable to breakout and got massively rejected!) *What to Expect?* -Formed a downward channel -Rally To (B) FAILURE TO BREAK WILL LEAD TO (C) CORRECTION (C) Will be Major Support! 42k Adjusted = breakdown here will be end game for the bull run - highly doubt it! From there, i expect elliott wave 1 through 5 to happen with a sign of strength (SOS) breakout of the downward channel! 65k target initially. *Another scenario:* Break (B) to the upside will spark a instant rally and retest 65k!
by crypt0analyst_
1
Bitcoin StrategyEverything goes up have to go down. So i will explain a wise strategy, Bitcoins seems to have a lack of power, remember that only big players can move BTC up or down. so like i said often, sometimes it's better to be Spectator than Actor. This bullrun is far to be finished but at one point we will get a strong retracement and you don't want to be in when it will happen. For now BTC is forming a descending channel and seems to make a Lower Low for the first time ( Not confirmed yet ), as you can see in Graph we are close from the border of this trend. So there's nothing to play right now. just wait and see if BTC get some rage juice to break this bearish mode. Again i am still thinking that this bullrun is still on but our strategy is to accumulate more BTC! so if you can catch some Dips u will get more Bitcoins ! just Logic ! ----------------------------------------------------------------------------------------------------------------------------------------- Trading Parts : Scenario 1 : - if BTC break this downtrend you can buy BTC after 61000$ and take the train to 66000$. if we break 66k so yes we can surely go higher. Scenario 2 : if BTC not break this downtrend and follow his movement we could go visit 47000$ again. a Big support and a better opportunity for a buy. Scenario 3 : BTC dip more and we could see a dip to 42000$ - 38000$ ( have to analyse it in time ). ----------------------------------------------------------------------------------------------------------------------------------------- Stay S4Fe and be patient. Happy Tr4Ding !
by thecryer
4