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BTC 1D - The double curve will finish off the shortersAs explained in my previous bitcoin talk I spoke about the high chance to hit 50k$, we hit this target. Now it is time to look forward. I expect for Corona's role in our life decrease in the coming months. Since the interest rate cannot be corrected so quickly, the good news regarding defeating corona will first provide a huge boost until q1 reaching targets such as 100k or beyond, until we could then correct strongly (at least 30%) or bear market for some mid term. This analysis is without warranty. This is NOT a call to buy or sell bitcoin. Do not invest more than you can afford to lose. Stay healthy
BITSTAMP:BTCUSDLong
by Lobotto
Is there cause for fear and panic or was it manipulation?The fact is that we are still alive and no meteors have fallen... neither has a volcano exploded and we are not under ash (things that the dinosaurs witnessed). For thousands of years they always proclaimed the end of the world and until now this has never happened... About this new variant, it is not as serious as they say. Of course, some politicians will try everything to use this as a populist resource, aiming to get votes and control the population, asserting how important they are to our well-being. All of them are very concerned about our health... Looking at the 2-week chart, we have a long uptrend line that is providing support. Every time the price touched it or came close, there was a spike in the price, making it a great time to buy. In the Fibonacci retracement from the last bottom to the last top, we see that the price is above the 50% level ($44,683). This means that the high has not been invalidated, at least so far. Should the price break below the diagonal line, the next likely drop could be $28,800 and then $21,000 considering the longer-time Fibonacci retracement (since December/2018). Waiting for the scenes in the next chapter.
INDEX:BTCUSD
by andre_007
1
Possible 2020 March Virus Dip scenarioDear fellas, Yesterday night we had seen so powerful bear momentum which pushed BTC from 57k area to 42k area, many altcoins suffered about %40 dip. There are two scenarios here either we will go back and retest 20k-30k zone or we will retest previous HL area for potential LQ before we up again. As far as we will not see big moves this weekend due to big guys are sleeping, upcoming week needs to show us powerful momentum, otherwise we will go back to 20k-30k. My estimation we have retested and preparing for up moves, use proper risk management and do not investment all your savings on one element
Long
by FaradayCosmo
4
Bitcoin Correction Same Like My Analysis. Where is Reversal?Bitcoin correction same like my analysis. Here is the strong support to reversal. Bitcoin correction finally touch Fibonacci area 0.618 (51627.94) and touch the strong support area around 51k-53k. It indicate the support and reversal. Bitcoin need to make higher low and fill the gap that's why there is correction there. Wait for break out to take long position. Look my previous ideas here: note: do your own research before trading.
Long
by pandupratama7
2
Bitcoin bounced very well, Now what we can expect?BTC Short term Update Bitcoin bounced very well from the 54000$ support area, As you can see a double bottom has formed there. 60000$ is very important to us, Reclaiming this zone can push bitcoin higher and cause this correction end. For now we have two scenario that reclaiming 60000$ is not one of them, According to that the blue trend line hasn't break yet there is a possibility to dump from this area up to 54000$ or even 52000$. Scenario two is that the price goes up to 60000$ resistance and can not break it, So I expect to see another bearish wave minimum up to the bottom of channel. I update this analysis IF bitcoin breakouts 60000$ area.
by TahaZargar
Bitcoin Buy The FudAnother Shakeout after the SEC announced that they want to sue Coinbase. it's good and easy to be on the Dark Side to create "insider Trading Fuds" and REKT retailers when BTC pumping. That said this i don't think this dip will be same as last one in May. Bitcoiners start to have habit with bad news trying to create panic. i am not a shorter in a BullMarket so "Buy the Dip" is the way. ---------------------------------------------------- Trading Part : ---------------------------------------------------- Buy Zones as in graph Buy : Now ( Small Buy ) Buy : 43500$ (Small Buy) Buy : 41500$ ( Medium Buy) Buy : 38500$ ( Full Buy ) Stop Loss : 36900$ Take profits unchanged from my last analyse. ---------------------------------------------------- Happy Tr4Ding !
Long
by thecryer
27
BTC - We Have Reached The BottomHi, this is my new update for BTC. From 10th November we have dropped 23%, but I think we have reached the bottom, since we have now completed the fifth wave of the Elliott waves and I expect we are going to do 5 waves upward now. We have also tested a beautiful trend channel, big support level around $53000 and 100D moving average today, so it is likely we are going to takeoff from here. The MACD has also tested big support level so I expect we are going to see bullish momentum in the next couple of days. So be patient and don't PANIC ;) 
BITSTAMP:BTCUSDLong
by GOAT1375
1
Bitcoin on Black Friday (second part)Hello. I'm doing another Bitcoin analysis, complementing the first one (or correcting if that's the case). Now I'm trying to be more simplistic and objective, considering the most recent scenario, and discarding some indicators that say the same thing. 1. Graphical analysis High Channel The price is testing the support line. Now might be a good time to buy. Moving average of 9-week lows The price has been above this average since July 9, 2021, and now it's enough to test it for the second time. My prediction is that it touches the mean and pulls back up. Volume Strong volume can indicate a top or bottom. Volume is low at the moment, which makes it clear that we have not reached the top as the market is making no effort to move the price. So a new historic high is yet to be discovered. Fib Time Zone Plotting the Fib Time Zone, considering the last bottom in March/2020 and the penultimate top in April/2021, we are exactly in the 0.382 zone. If you consider a new cycle, we have a milestone date on 10/January/2022 at 0.5, and then 0.618 on 21/February/2022. Fibo 1 ends on 25/July/2022, but until then there's a lot to roll. What I think is important now is the next 3 months until February. I believe that after that we will have the crypto winter. 2. On-Chain Analysis Price Drawdown from ATH The percent drawdown of the asset's price from the previous all-time high. When the value is equal to zero, we have no drawdown. When it is less than zero we have a drawdown multiplied by 100 (percentage). This is always considering the last historic high. When the indicator hits the top several times at zero value, it indicates a lot of profit taking. And when it reaches a value less than -0.50, it indicates a lot of loss taking (a huge drawdown). Since nothing lasts forever, either for good or for bad, this indicator serves to demonstrate the exhaustion of both sides, bulls and bears alike. If we look at the historic highs of December\2017 and March\2021, we can assume that we are looking for a new historic high and more profits. Total Transaction Fees The total amount of fees paid to miners. Issued (minted) coins are not included. High fees mean paying to perform a transaction at any cost! So far we don't have an indication that the world will end up looking around here, so for now the scenario is bullish. Hope this helps in some way. Greetings.
INDEX:BTCUSDLong
by andre_007
DIVERGENCE SPOTTED ON BTC - What this could mean and more!Hello Traders, Let's jump right into it. Weekly timeframe (left chart): - Bearish arguments - RSI and MACD both showing classic bearish divergence to the price, as seen from the green and red lines. RSI below bullish control zone. MACD looks to be swinging negative in the next few weeks. Falling volume with increase in price in last few months - may indicate weakness in uptrend. - Counter-arguments - Price is still above steep orange support trendline, trend may continue upwards if it can break 61000 and hold Price is still above 50 and 200 MA, and 50MA above 200MA. --- Drawing conclusions --- We may already be seeing the bearish divergence play out in the last two weeks, but since this is a weekly chart and not a daily or 4hr, we may see further continuation to the downside due to the fact that this divergence has been building up for the better part of 9 months. If the price manages to break below the orange trendline and/or critical support line at 52000, we could be in for a 6+ month downtrend/correction. Given the nature of this market, it may be a sharp and swift correction rather than a drawn out one, but keep an eye out for a short opportunity if we break below these critical levels. Targets to consider in such a trade set up include the 50MA, 40000 psychological support (not sure how strong this one is), and the golden retrace at ~28k. 4 hour timeframe (right chart): - Bullish arguments - Classic bullish divergence on RSI and MACD as shown by the green and red lines. RSI above bearish control zone. - Counter-arguments - 50MA below 200MA, price is below both. --- Drawing conclusions --- While a downtrend seems to be happening on this shorter timeframe, a short reversal to the upside may happen since we have a strong argument for bullish divergence. 61k may be tested first before we see a true downtrend. Arguments for why a large downtrend is likely to occur is explained above. An aggressive short could be taken at 61k if the price is to make a short term rebound with stop-losses at ATH or 64k. Concluding thoughts: There are two scenarios where I would enter a short here. 1) Price hits 61k from 4hr bullish divergence and I see signs of weakness thereafter on the 4hr. 2) Price drops below the orange trendline and the weekly MACD is confirmed to be swinging negative. As for the exits in these scenarios, I would not be targeting anything lower than 28k, and I would be scaling out at critical price points on the weekly timeframe. Since I am a retail position trader, I have the luxury of not making trades, unlike some fund managers who must take trades to reach a performance quota. Due to this luxury, I will be waiting patiently for an opportunity to present itself on BTC. Finally, if you're new to this space and FOMOing hard: Don't panic buy right now lol.
KRAKEN:BTCUSDShort
by dysonring2050
1
BTCUSDT 23 -06 - 2021Nothing much has changed since my previous update. We are still in the pullback/range phase of BTC the longer we are the higher it goes. From the previous update, bitcoin did manage to bounce to 60k but fail to break the 38% Fibonacci level. Currently, 6H hour Shows us bitcoin forming a sort of double bottom scenario with RSI break+rest also TD9 on a daily. The key here is looking for 61 -63k to be tested. Potential play #BULLISH Expanding Triangle is still valid. The daily chart bitcoin It’s still showing some form of a sideways correction movement rather than an actual downtrend. The reason is that a downtrend is a sequence of lower highs and lower lows. We haven’t seen a lower high yet – instead, we’ve seen a higher high with ABC correction followed by 5 waves down, which makes it all some form of expanding consolidation. The price action is missing a lower high around 62318-63216 USD area and upside pullback into this area is the next logical move for the coming weeks $62318 and $63218 are perfectly in line with 0.618 – 0.702 Fibonacci. this level is more often tested before further breaks down. Flipping this level as support then we can look for a higher target. We should see at least some upside correction. Bitcoin rarely keeps collapsing after 20% correction without upside pullback. To those fib levels above mentioned. Example below: rest of 0.702 – 0.618 daily/weekly close over 64400 or 66k USD brings 76k+ bitcoin in the card. 1W: On the weekly chart BTC printed a swing failure with 65500 as the resistance. Normally I would say this is a bearish pattern, but in a bull trend it is mostly a temporary resistance. Also, we have seen similar patterns back in auguest 2020 when BTC tried to break out from the 12K Region. Key on weekly 49.5K must hold for the scenario to stay valid. Also talked about this scenario a while back I’ve been monitoring this setup(chart below) since then so far similar move and similar market vibe. Neither bullish nor bearish - just typical to sideways movements. The late shorters got rekt and the late buyers got rekt. Hence why now is not the time to leverage APE!! BTD and relax until we finally break out again. Don’t forget how many u missed that 30k dip😊 #BTD & #CHILL 1Month: Monthly hasn’t closed yet of course on monthly only 2 important things we need to watch Monthly RSI we wanna hold 65% and close month 59.5k Close above 71% expect fireworks. All things combined, the market on micro timeframes (full of noise) is trending down locally while still awaiting the breakdown retest into 62-63k USD region where another attempt to break through will take place. So break above then correction is done. Rejection would give us dip to 50.s zone it may be worth having some spare USDT on the side if BTCUSD sees ugly daily close beneath 55.6k to load the dips in the occurrence of 50-53k liquidity hunting which could be triggered by FUD news. Short-term looks a bit more bearish than bullish while remember it’s still a form of expanding Triangle consolidation than a proper downtrend gauging on price alone. We have seen this type of play before. A few examples are in the previous bitcoin update. So HOLD daily base 55.6 and 61k - 63K in play Ugly daily candle below 55.6 then 53k-50 in play. Previous Update! Also, make sure to read my DXY UPDATE and why dxy have a big role in bitcoin play: AND ABOUT ALTS??? Press on the chart and you will be linked to TA for alts coins Comparing past alt cycles with the previous bull market cycle
by CryptoUltron
BITCOIN: ¿Recuperación rápida?BITCOIN ha tenido una caída bastante fuerte en los últimos días, estamos en una situación que parece ser la de una preparación y acumulación de fuerza compradora antes de un PUMP. Estamos empezando una nueva trend en la grafica de 1 HR marcado por el indicador de trends en verde, aunque no hemos tenido una acumulación tan fuerte de volumen como me gustaría parece que es una antesala para una suba explosiva. Basado en esto, estoy abriendo una posición LONG con un stop loss en 57700 que espero le de el suficiente espacio.
BITSTAMP:BTCUSDLong
by CryptoEstratega