BTC Buy the dipBTCUSD - Intraday - We look to Buy at 53645 (stop at 52629)
Daily signals are bullish.
Bespoke support is located at 53500.
A lower correction is expected.
We look to buy dips.
The primary trend remains bullish.
Our profit targets will be 56526 and 57386
Resistance: 55500 / 56400 / 57500
Support: 55000 / 53500 / 51600
Bitcoindollar
BTC Bullish Cup & Handle Pattern forming on 1D & 4H Chart UpdateBTC Bullish Cup & Handle Pattern forming on 1D & 4H Chart Update New ATH for BTC, Next price target at 127.20% Fibs at $66K, expect a retest of this key level before moving towards the 127.20% Fibonacci level. Potential 13% Gain from current price level.
*10/03/21*
Bullish Cup & Handle Pattern forming on Daily & 4H Chart showing strong signs of a continuation pattern back to the upside. Daily Candle has opened up Bullish , 4% Gain from here to 100% Fibonacci level ( ATH ) @ $58,736. Further confirmation of a huge move for BTC by the Triple Top formed at the key resistance 78.60% Fibonacci level. BTC break out of key resistance at the 78.60% Fibonacci level signalling further reversal of the previous selling pressure in the market formed by this cup and handle . First stop a retest of the current ATH $58.7K. Safe to say March Madness is in full swing!!
BTCUSDT - next station 75kPreconditions:
- accumulation 18days
- slowly approaching the level
- positive fundamental
- global uptrend
- local uptrend
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTC-$ 80,000Target of the uptrend In the weekly chart, the price is forming the 5th ascending wave, which can be extended up to $ 290,000 target. This is a general trend.
( Weekly Chart )
In the daily chart and by the wave count, the 3rd wave from point 5 is being completed, which can be extended up to the range of 70,000 to 80,000 dollars.
( Daily Chart )
The 240-minute chart shows the structure of the sub-waves, of which the final targets range are from $ 70,000 to $ 85,000.
Possible BTC falling to $45k? The same pattern is formingBTC/USD may form the same candles on 1D timeframe as the last time when fell from $42.000 to $30.000? I think it is a possible scenario. A possible sideway movement is likely on higher timeframe meaning the price could get back to $45.000 and up again. This should fit the forcasts predicting a new all time high above 80 or even 100k this year. What do you think? It is a viable scenario or the price will bump the near future?
Bitcoin Indicator Analysis BLXAn idea using more indicators than usual
Patterns within TSI can be identified, assume that the 2017 parabola repeats (green circle on TSI)
Rounded top can be seen to produce consistent results throughout the history of BTC
My gut tells me that another 2017 parabolic wont occur again, and the different in structures on these indicators will account for that
I still believe Ethereum has a lot more potential for long term returns than BTC, and ill keep believing that until it eventuates.
Above is an analysis of the 2018 Bear Market for BTC
BTCUSD weekly analysisHere you can see some clean TA with bitcoin heading into OB territory paired with a negative regular divergence- in situations like these on higher time frames it is wise to be looking to take profits if you are long or maybe hedge with some BTCDOWN positions or something. I am still heavily bullish on bitcoin but price can still come down further perhaps to previous 0.5-0.618 Fibonacci from the previous wave upwards. A retracement was well needed for BTC to continue up. Look for rejection above 0.5-0.618 area to enter positions on BTC or reaccumulate spot. Break below support makes it invalid. Still travelling above all the EMAs, the 50 still on top ;). Trading above ichi kumo cloud too if you like them. Hella confluences on TA side and in terms of FA the best it yet to come from BITCOIN. I very well believe 170k levels are possible for this year to come, this is still early days of adoption, stimulus is yet to come, supply is shrinking, demand is increasing, future halvings, the FED are still printing... if you are investing now you are still earlier than some. This is not financial advice but a personal insight into BITCOIN. Trade safe and always follow an appropriate risk management strategy! NGS
What can we expect? We look at the 4-hour graph and then predict 2 scenario's: Bullish and Bearish.
The bitcoin price is still moving in a bull flag. The rate does not yet break this flag, bitcoin now also seems to find support at 47,000 dollars. That's the purple line on the chart and it is already above that.
Bullish
The price bounced back above 47,000 dollars (purple line. Bitcoin can now rise to the first yellow line at $ 49,700. This is an important resistance on a daily basis. This price also corresponds to the top line of the flag.
If bitcoin manages to break out of the flag this weekend, there will be little resistance towards 58,000 dollars, the highest price ever.
Bearish
If Bitcoin breaks the support line then first, 45,300 dollars comes into the picture, which is also an important point of support on a daily basis.
If bitcoin continues to drop, 42,000 dollars is a new safety net. This corresponds to the highest point in January. If even that is not feasible, bitcoin can fall below the 40,000 dollar mark and reach the bottom of the flag.
BITCOIN ideaI got short and for three points
$45313 is the most realistic point and for TP1
$38934 is TP2 which is still possible if market conditions stay the same. Need the USD to strengthen more especially for tomorrow
$33597 is unrealistic but TP3 nevertheless. If it reaches that point I will but a few BTC for investments not to trade but to hold for the long term but I am looking to buy a 1 or 2 BTC if it reaches TP2 or lower