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BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary: Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700) Stop Loss =81600 pip Reward/Risk > 4.6 : 1 Current Status: Total Profit: 70348 pip Closed trade(s): 24500 pip Profit Open trade(s): 45848 pip Profit Trade Setup: We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit. TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit. 7300 + 17200 = 24500 Open Profit: Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip 4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip Break Even 0.658 Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 9285.00 TP2= @ 9384.00 TP3= @ 9475.00 TP4= @ 9712.00 TP5= @ 9900.00 TP6= @ 10240.0 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
24
BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary: Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700) Stop Loss =81600 pip Reward/Risk > 4.6 : 1 Current Status: Total Profit: 70348 pip Closed trade(s): 24500 pip Profit Open trade(s): 45848 pip Profit Trade Setup: We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit. TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit. 7300 + 17200 = 24500 Open Profit: Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip 4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip Break Even 0.658 Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 9285.00 TP2= @ 9384.00 TP3= @ 9475.00 TP4= @ 9712.00 TP5= @ 9900.00 TP6= @ 10240.0 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
25
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support lines. 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 9285.00 TP2= @ 9384.00 TP3= @ 9475.00 TP4= @ 9712.00 TP5= @ 9900.00 TP6= @ 10240.0 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
24
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support lines. 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 9285.00 TP2= @ 9384.00 TP3= @ 9475.00 TP4= @ 9712.00 TP5= @ 9900.00 TP6= @ 10240.0 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
34
Bitcoin tightenedWell i am not same others traders and i don't make 10 analyses on 10 coins everyday, i try to post at the good time when things seems to be interesting. As you can see in the chart : 1. We are reaching the end of the trendline triangle. 2. we could push again around 9950ish or down to 8650ish supported by EMA200 (red line) 3. Bollinger band showing us that we are in a tunnel and this could lead to a big move very soon. 4. i don't show all indicators, they predict bullish but i am mostly bearish right now. that said...i really suggest you to not touch BTC in this phase. Be patient for few days and wait until 19/20 July and look where the move will lead us. Buy the Dip or Follow the Breakout, i repeat again what i said many time, " Sometimes the best way to win money with trading is to not trade at all". Happy Tr4Ding and Stay Safu !
by thecryer
BTC Weekly Outlook (FA&TA)First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. 2. Miner action: Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign. 3. Overall Market Sentiment: For the entire BTC holding, the overall market sentiment is neutral with low interest. BTC has seen more bull runs after periods of low volatility, and a deeper correction might be exactly what’s needed to give the market enough strength to continue to long-term bull trend. 4. Seller Group Only Market Sentiment (SOPR): This group continues to sell in profit, indicating a long-term bullish trend. 5. Margin Market Actions: With the increasing short interest on Bitmex, we might have a short squeeze coming in the very short-term, pushing us to the 9.3k – 9.6k zone. Key Technicals: 1. Daily RSI looking bearish for the mid-term. In order for the bullish trend to remain, the daily RSI needs to find support above its MAs. 2. Side way consolidation last week moved us out of the rising triangle 3. Wave developments: the rising triangle is invalidated with last week’s actions. Thus, we may have already finished the 5 Elliot waves upwards and are now in an ABC (zigzag) correction to the downside. Wave A seems to be finished and the 0.618 Fib retracement for wave A is around 9.8k. Bearish pressure is expected once this level is hit. Are you a bull or a bear? Do you agree or disagree? All thoughts and critics are welcomed! =========================================================== 🌐 We believe in the power of blockchain on-chain data analysis! ===========================================================
COINBASE:BTCUSD
by Phi-Deltalytics
50
BTCUSD Another bullish reversal Cypher pattern is fomredHi friends hope you are well and welcome to the new update on Bitcoin. Previously we have seen that the price action of leading cryptocurrency took bullish divergence from the potential reversal zone of the bullish Shark pattern. Now it has completed the final leg of the bullish Cypher. The price action has just hit the spike in the potential reversal zone however, I am expecting soon it will be completely entered again in this PRZ level. The pattern is changed from channel to wedge: Previously the price action was moving in a channel. But after taking bounce from the support on 15th of June the priceline is not able to reach at the resistance. Therefore now the pattern is changed from channel to wedge. Support and resistance levels: At this time the price action is moving below the resistance level of $9,500. If it will be moved more down then we have the next support at $8800. In case the $8800 will be broken down then the next support would be added $8,200. And if the price action will be moved more down then the next support would be at $7500. But if the price action will breakout the $9,500 resistance level then we have very strong resistance at $10,000. At this time we can expect that if the price action will take the bullish divergence from the potential reversal zone of Cypher pattern that we have discussed earlier then it may breakout the $9,500 resistance level. The pricline is having good supports of SMAs: If we watch the simple moving averages with the time period of 25, 50, 100 and 200. Then price action is moving at 25 simple moving average support and having resistance of 50 simple moving average. If this support will be broken down then it can move more down up to 100 and 200 simple moving averages. However, these 100 and 200 SMAs are really very strong supports for the price action of BTC if priceline will be moved on these supports then it can be bounced from there. Conclusion: Even though the price action of Bitcoin has formed a bullish reversal Cypher pattern but there are chances that it will move more down to enter in the potential reversal zone of this pattern once more. But after that there will be strong possibility that the price action will move up to breakout the next resistance level. However, the potential reversal zone of Cypher can be used as stop loss. Because if this PRZ level will be broken down then the pattern can be changed from Cypher to Shark and the leg can be more longer to the downside.
BITSTAMP:BTCUSDLong
by moon333
Bitcoin a strong bullish signal that no one is noticingHi friends hope you well and welcome to the new update on Bitcoin. As the price action of Bitcoin has bounced from the support of $8800. In today's post we will try to under whether this support will be retained or the price action will move more down. As in my previous posts I've been showing that the price action of Bitcoin is forming different harmonic patterns on the daily chart. Firs priceline formed two BATs and now the price action of BTC has completed the formation of Shark pattern. And from the potential reversal zone the priceline of BTC has moved up and at this time the price action is in the Fibonacci projection of C to D leg of this Shark pattern from 0.382 to 0.786 Fibonacci level. Price action is bounced from $8800 support: Now if we switch to two day chart to watch the different support and resistance levels. Then the price action has bounced from the $8800 support and moving towards the $9,500 resistance level. If the $9,500 resistance level will be broken out then the price action will be reached at strongest resistance that is $10,000. And in case the price action will break down the 8800 dollar support then the next support level would be a $8200 and in case of breaking down the $8200 support the next support would be $7,500. So at this time the price action has two strong supports one is at $8800 and other one is potential reversal zone of bullish Shark that also ends up to $8800. New channel formation: Previously we were observing that the price action was moving in a pennant but the support of the pennant has been broken down. Now the price action has started its movement in a new parallel channel. The support of this channel is $8800 and the resistance is at $10,000. At this time the priceline of BTC has bounced from support and likely to move up to the resistance level but before $10,000. At this time we can also observe that the momentum is changing from bearish to bullish. And this change was started on 29th of June. The MACD is also turning bullish and on 30th of June the stochastic also has given the bull cross. The bullish signals from these indicators on the daily chart and the bounce from the channel’s support are also strong hope that the price action may reach up to the $10,000 resistance level. A strong bullish signal that no one is noticing: Now I would like to draw your attention toward a very important and significant bullish signal. That no one is noticing. If you watch the simple moving averages on the long-term weekly chart wiith the time period of 25, 50, 100 and 200. Then it can be easily noticed that 200 simple moving average is below all the other simple moving averages. Then we have 100 above 200 SMA. Now we need the 25 simple moving average above the 50 simple moving average when this bull cross will be formed then the complete order of these SMAs will be: 25 simple moving average above all then 50 then 100 and 200 simple moving average would be below all other SMAs. Then a complete opened alligator mouth by the simple moving averages will be formed that can be really very helpful to start a powerful bullish divergence like It happened back in 2017. Conclusion: The price action of Bitcoin has three major supports. Number one is the potential reversal zone bullish Shark and number two is the 8800 dollar price level support and number three is the channel support. And the indicators are also turning bullish therefore we can expect that the price action may try to reach the resistance of the channel that is at $10,000. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
2
BITCOIN 🟩 Bullish Multi TF levels for Range Bound Bitcoin💬 Nearly 4% of the UK owns Bitcoin and other cryptos. Of those 1.9 million people, 100% of them are growing weary of this sideways price action (despite one report calling for $400k BTC). But fear not Bitcoin Brits, we got your back with our handy daily TA. Let's look at some Bitcoin levels on the 4h and 30m to see what the bulls and bears will need to do to pick a direction and break this range. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support 30m: S1: If the bulls want to keep moving up they will want to find support on the 30m S1. In other words, the bulls have a little wiggle room, but they will want to move up with momentum here. Resistance 30m: R1: The R1 orderblock and S/R flip is the first point of local resistance. Bulls will want to break this and find support on top of it before moving up. R2: If the bulls can take it up then we have the R2 orderblock formed during the breakdown to contend with, a rejection here would be bearish as there is a much clearer resistance above. R3: The R3 orderblock and S/R flip cluster at the previous swing highs is the target for a lower time frame move for the bulls, this lines up with the R1 on the 4h. 4 Hour Time frame: Support 4h: S1: The S1 orderblock from the recent swing low is the first level of support for BTC. This level has already been interacted with and validated, so it is likely of a reaction again. S2: The S2 S/R flip is where price most likely finds support if S1 can't hold. S1 was reacted to previously and is a reiteration of a previous S/R, so it should at least see a reaction. Below S2 things get dicey for the bulls and bearish continuation is likely. Resistance 4h: R1: The R1 bearish orderblock left at the failed swing high is the bears' first point of defense. Grinding sideways for so long has given the bears some strength, making a show of force by smacking down R1 is just what the bulls don't need. R2: If the bulls can push price past R1, then the R2 orderblock at the previous failed swing high before the S1 swing high is likely to see a reaction. Ideal price action for bulls is a breach of R1, a retest of R2, and then a retest of R1 as support before continuing higher. ----- Summary: With Bitcoin grinding sideways below resistance for months, it is hard to be overly bullish on Bitcoin. That could be sad news for the Bitcoin Brits if the bulls can't step up and take out resistance soon. Resources: decrypt.co + thenextweb.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
3
BTCUSD Another bullish reversal pattern is appearedHey guys and gals hope you are well and welcome to the new update on Bitcoin. As the Bitcoin is being rejected by the strong rejection line that is also the resistance of a big symmetrical triangle. Therefore in today's post we will try to understand whether the Bitcoin will drop all the way down to the support of this symmetrical triangle at $6000 or not. A bullish reversal pattern on 12 hour chart: As my previous article we have seen that the price action of Bitcoin is forming different harmonic patterns with the continuity. After forming to BATs now the price action is completing the final leg of another harmonic Shark. The potential reversal zone of this Shark starts from $8979 and ends up to $8809. This potential reversal zone should be set as stop loss because if it will be broken down then the price action can move to the next support at $8,200. The support and resistance levels: After being rejected by the 10,000 dollar resistance the price action also has broken down the $9,500 support and moving towards the next support at $8800 this is the level where we also have the maximum extent of the potential reversal zone of the bullish Shark pattern that we have discussed earlier. SMA supports: The price action also has broken down the 25 and 50 simple moving averages. Now we don't have any significant support of simple moving averages between 50 and 100 SMAs. Therefore it is expected that if the price action will break down $8800 price level support then it can move more down to the next available moving average support and that is SMA 100 and at the moment that is at $8,200. Priceline is rejected by pennant resistance once more: Price action is also moving in a pennant on the daily chart. In my previous post I was expecting that after hitting at the support price action may move up to the resistance of the pennant and might hit another spike up to $10,000. I was using the combination of three indicators for this purpose the stochastic Momentum and MACD. We can observe whenever the price action is moving at the support of this pennant then these three indicators start turning bullish the price action moves up to the resistance of this pennant. This time it happened again but after reaching at resistance finally the price action droped down at the support again. At the moment the price action is again at the support of the pennant. The major resistance and symmetrical triangle: The major resistance for the priceline is not only the $10,000. This is the rejection line that is also the resistance of a very big symmetrical triangle that started from 2017. And it can be easily observed whenever the priceline is reaching at this resistance it has been rejected since 2017. At this time the Bitcoin is at this resistance. The price action is struggling break this resistance out. If the price action will again reach at the support of this symmetrical triangle then and we may see $6000 level. Because that support comes at this level and we have another support of 200 simple moving average at the same level. However on the long term we have very strong signal and that is the order of the simple moving averages with the time period of 25, 50, 100 and 200. At this time we have the biggest time period moving average below all MAs. Now we need the 25 simple moving average that is the smallest time period moving average to move above all the moving averages to complete an open alligator mouth by the simple moving averages that can lead the price action to really very big parabolic bullish move. Conclusion: On the short term the price action may move down from $8979 up to $8800 for the completion of bullish Shark. But on the long term the Bitcoin is still expected to start a very big parabolic bullish move.
BITSTAMP:BTCUSD
by moon333
3
Ascending Triangle on BTCHello Traders, BTC is forming a bullish accumulation pattern called Ascending Triangle and we have two possibilities to buy this asset, one of them is on the support of the pattern which is what is happening right now. And the other buying point is on the breakout of this pattern above the accumulation. But be careful Bitcoin is very linked with SP500 who is facing a FUD with the second wave virus fear. Push the like button and follow us on Tadingview.
Long
by MarketMinds
4
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (9513.5). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 9796.5 TP2= @ 9868.0 TP3= @ 10001.0 TP4= @ 10380.0 SL: Break Below UpTrend ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
33
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (9513.5). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 9796.5 TP2= @ 9868.0 TP3= @ 10001.0 TP4= @ 10380.0 SL: Break Below UpTrend ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity
39
CRASH TREND BTC COMING on mx effect in next 10 days! Depending on MX effect: June are the month of crash trend, and depending on data the expecting are 7700 7800. Expecting that the crash will be in the next 10 days from now. - Be alert and trade with a plan. MX effect was before all time right with long order targets. # bitfinex whale did not for noting sent 95% of them assets to exchange. We did expect before the chinese crash, and more crash and up trends with mx effect. # this should be the proof that the mx effect have worked all time.. time will show the trend. June are the expecting crash month. Have good time.
Short
by Protixder
32
Bitcoin: Paired Movement with Silver 1D (Jun. 19)X Force Global Analysis: In this analysis, we explore the similarities in Bitcoin and Silver's daily chart, assessing the bullish and bearish probabilities. Analysis - We are currently trading within an ascending parallel channel, creating higher lows and higher highs - Prices are trading above the Ichimoku Cloud, indicating that the trend is bullish - Within the ascending channel, Bitcoin is currently consolidating within a descending wedge - The Stochastic Oscillator is creating lower highs, as it demonstrates decreased momentum - A breakout would be necessary for the Stoch as well - Bitcoin has been showing a paired movement with Silver, since early March of this year - Given that Silver is on the verge of a highly probable bullish rally after underperforming for over 6 years, its movement pair with Bitcoin indicates a bullish probability Market Sentiment: Long short ratios are at 67 to 34, with reduced long positions. Nonetheless, the market sentiment remains dominantly bullish. What We Believe We believe that the bullish probabilities outweigh the bearish probabilities short term, but further confirmations are required for a mid term bullish rally. Trade Safe.
BITSTAMP:BTCUSD
by XForceGlobal
2