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BTCUSD | The Moment of TruthPlease support this idea with LIKE if you find it useful. We are near the extreme point on Weekly chart. Price is in descending channel and currently is testing the Mid Line of the formation. If we have a confirmed breakout of this line we can go to the Ichi Cloud to test it. If we get rejection here that can be a good leg down and retest of 6.600$ and then 5.800$. However for the bearish scenario I would requere the breakout of the 6.900$ horizontal support. The 6.900$ horizontal is strong and treat the price bullish while we are above this level. But once this level is lost, then down we go. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSD
by Anpu
21
Reached the edge of a rising wedge, is this the swan song?Hello there, this is our view on BTCUSD, enjoy! Bulls have had their time, but now while coronavirus keeps spreading all around the world I don't believe world market will recover further more. Bitcoin is a new part of this market and news may even influence its value. So we're questioning: what will BTC do now? A regular recover after the big dump which has occurred on March 12th has took place in form of a small uptrend inside a rising wedge, which now is just about to terminate. The textbook result for this breakdown should be a 2130$ dump in a couple of days. And there are many signs on chart and oscillators which confirm this teory: price could never manage to breakout of the pink trendline, which comes from weekly chart and always acted like support-resistance line. Zooming out price could never close weekly candle above 6650 support level (0.382 fib), which is extremely bearish too. Volumes kept going down since the dump, so I assume this recover is completely natural and not whales based: without solid buyers coming in there's a risk of a further dump waiting silent to take place. Also moving average golden cross (50-200) was negated and it took price down of a 34%; a death cross is now pending since 10 days ago. On h4 time frame price could easily get up to moving average 200, but couldn't state a complete breakout since it couldn't manage to break it out on closure. And that's the same for exponential moving average. Ichimoku cloud still looks bearish on daily and is very tight on h4, so it is never supporting a leg down. Many oscillators, first of all fisher transform, are looking overbought and are now forming many bearish divergences with price both on h4 and daily. I observed chaikin, money flow, relativestrenghtindex, stochastic and ultimate and they all look the same except rsi. Stochastic in particular is just about to mark a death cross on h4. Awesome and moving average convergence-divergence played themselves on h4, forming bear divergences with price. But don't panic sell now: I also found a little clues about further bullishness in the next future. In fact we dumped too hard and we now miss a retest on weighted moving average 200 base (around 7.7k). Also a big gap on cme futures let bulls believe it needs a wick up to fill it. Bollinger bands start to look very bullish on daily as price broke middle band and never went in oversold while there; they're now beginning to stretch suggesting next big move is preparing. Ichimoku cloud would turn bullish only if price could enter it on daily. Oscillators look great on daily base, a little overbought, where they're trying to breakout in an uptrend. Stochastic is just about to mark a golden cross. Both awesome and moving average convergence-divergence are growing, stating bullish momentum on daily. I tend to believe that most traders are now greedy, don't know why, so I bet a bearish scenario is more probable and that's what I drew on chart: many people think that fiat are now losing their values and savers will put all of their money in Bitcoin and gold so they could preserve their purchasing power. In reality no one knows where this young asset is going: it's new and never existed during a world crisis. Bitcoin popularity, total number of traders and wallets are increasing, so this could make traders think that we're mostly going up, as there are more holders too. And that's what we're expecting for post-halving, but how will we get there? We hypothesized a strategy, based on our actual money management: wait for price to breakdown the rising wedge and then short it to the death on retest. Entry (short): 6650 - 7000 Target (short-term): 5850 - 5550 - 4430 Stoploss: 7407 Risk/reward: upto 3.04 Personally I suggest you should trade upto 10% of your total capital with low leverage (2x-10x). Trade safe and stay at home. Anlvis
COINBASE:BTCUSDShort
by Anlvis
4
BTCUSD | Between Two ExtremesPlease support this idea with LIKE if you find it useful. Sorry for so confusing chart, but this is how the market looks on BTC now. Start with bearish biases we have price being rejected of the resistance zone + resistance trendline of the descending channel. Also there is a potential Double Top. To confirm this bearish scenario we need to receive the confirmed breakout of the Horizontal Support and then can initiate a short position. For bullish biases we have price formed the Bullish Flag under resistance zone. Also we have a variation of the Descending Channel. To confirm this scenario we need to receive the breakout of the Resistance zone and then initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSD
by Anpu
71
BTCUSD | Possible Rejection + Double Top Please support this idea with LIKE if you find it useful. Price is being rejected by the Horizontal Resistance zone, also we have a Double Top pattern. In case price breaks the Horizontal Support + 200 MA to downward we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
38
Bitcoin Fib SpiralsHeres a bullish view for BTC I was asked about BTC and these are my thoughts I believe BTC to be in a falling wedge at the current time at the top of a downward channel The only fundamental difference is the different fib circle locations, the earlier falling wedge move could have been preempted by a fib circle transition Possible bear trap The rising wedge that BTC has entered and has held ground in The possible larger falling wedge that is in play And my thoughts regarding how the 'long bullrun' is slowing down Thanks for all the follows, and to those that continually are supporting my ideas
COINBASE:BTCUSD
by Bixley
2
BTCUSD | Descending TrianglePlease support this idea with LIKE if you find it useful. Price formed a Descending Triangle and sitting on the Horizontal Support zone. In case there is a confirmed breakout of the horizontal support zone the pattern will be confirmed and we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
15
BTCUSD | Just Be Careful! Please support this idea with LIKE if you find it useful. Price is approaching to the Higher Boundary of the Descending Channel, here we also have a 200 MA, which can potentially work as a resistance. In case we get a confirmed rejection of that level we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
57
BTCUSD | Watch This Horizontal Please support this idea with LIKE if you find it useful. Price stopped at the lower boundary of the Ascending Channel and also the one was supported by Horizontal Support Zone. For the H&S to continue working out we need to see the Lower Boundary of the Ascending Channel to be broken and then the Horizontal Support to be broken as well. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
33
Bitcoin's Price Movement Explained By The Wyckoff DistributionPlease leave a LIKE & Comment if you enjoy the analysis. The Wyckoff distribution pattern has a range between $4800 and $6800.  According to the distribution, the price is currently in at the "Upthrust" point, since it has moved above the horizontal resistance level at $6800. This is the initial movement of phase "B". The expected future movement is a downward move that takes the price below the horizontal support level. The potential low below the support line is known as the "Show of Weakness", which could be the catalyst that initiates an upward move which causes it to break out above the resistance line. As for the exact value of the low, it is possible that this low occurs both below and above this support line. It is called the "Spring" if it goes below, while the "Last Point Of Support" if it is above. Once/if the price reaches this level, we will have a clearer understanding of the time period required for the price to complete this entire distribution.
Long
by BitcoinMaximus1
THE FAKE MINING NEWS HAVE MADE BTC TO RECOVERY --> 7800 STILL POas you know in my before post i did expect that btc will go to 7800 usd why was this target still not hit as i did expect? the most of my targets are right for more than 87%, but why this still not? --> There WAS FAKE NEWS! about the mining, and that btc network will become slow. and more miners will stop with btc mining. satoshi nakamoto did made btc for long term, and hi did progam that Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post halving next month. why did he do that? because he should know that the value of btc would only increase with time. and the next halving it seems low reward for miners, but the value of bitcoin is only going up because there is a maximum supply of 21 million. even a small country cant buy for them resident 1 btc. I still expect the 7800 usd target. and as you know btc chan change in just small time, only beacase of fake news. If you like this post pleas give it a like, and follow me more for next targets.
GEMINI:BTCUSDLong
by Protixder
7
BTCUSD | Possible Head & Shoulders Please support this idea with LIKE if you find it useful. We possibly have a Head & Shoulders pattern forming. Currently price is forming the Right Shoulder and if there is a confirmed rejection of the resistance trendline, also the Ichi Cloud's higher boundary we can initiate a short position. In case price crosses the support trendline to downward we can also initiate a short position. If price crosses the Ichi Cloud to the above, then pattern will be invalidated. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
34
BTCUSD | Watch the Horizontal SupportPlease support this idea with LIKE if you find it useful. We got a breakout of the Rising Wedge. In case price loses its Horizontal Support, the rising wedge will continue working out and we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
21
BTC significant change! According to the data getting from the different industries sectors and the level of confidence of people to the digital currencies and also the near recession period, I think we will have a significant change in digital currency values. in my opinion, digital currencies' idea is great but needed more time to obtain more reliability form the greater number of traders and also people. Unfortunately, this virus made this path for these currencies very difficult and I guess people will continue to think and survive economically in the most traditional ways.
BShort
by amabmo
BTCUSD | Breaking the Local SupportPlease support this idea with LIKE if you find it useful. Price is breaking the Local Support now. The confirmed breakout will lead to retest of the Horizontal Support. In case there is a retracement we can initiate a short position on a confirmed retracement of the Horizontal Resistance Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:BTCUSDShort
by Anpu
12
Bitcoin is forming bullish BAT | A good long opportunityIn my previous idea we have seen that on 2 hour chart the Bitcoin was forming bullish Gartley then finally as per prediction the priceline entered in buying zone and after hitting the sell zone dropped down. Formation of new BAT pattern: This time on short term 4 hour based chart the price action of BTC is forming bullish harmonic BAT pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $6853 to $6777 Sell between: $7034 to $7307 Stop Loss: The potential reversal zone area which is up to $6777 can be used as stop loss in case of complete candle sticks closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 7.8% and as per stop loss the loss possibility is 1.10%. 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.
BITFINEX:BTCUSDLong
by moon333
2