Bitcoindollar
BITCOIN - $BTC - The Digital-Currency Revolution #Phase 5Analysis
Bitcoin is currently trading at its best highs since January 2018. Allowing for temporary setbacks, the trend should be pointing higher, ultimately towards a challenge of the December 2017 bull market peak of 19764.
For additional reading on the subject, the article is the purpose for which we wish to share it with you all here
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BTC Sell the pivot.Bitcoin - Intraday - We look to Sell at 48484 (stop at 49274)
We are trading at overbought extremes.
Daily momentum has stalled and our bias is now neutral.
Pivot resistance is at 48500.
Preferred trade is to sell into rallies.
A lower correction is expected.
Our profit targets will be 46224 and 45664
Resistance: 48500 / 49200 / 50000
Support: 46800 / 45800 / 45000
$75K BTC Still Possible by End of 2021Though less likely, it is still possible that we are going to be hitting a $75k target by the end of this year and it seems like support levels are hovering around $50k. Once the resistance is broken, a mini bull-run does seem feasible. That said, I may or may not have a conflict of interest. As always, this is on an opinion-based basis. Post is provided "as is". This is not financial advice.
Explanation: Bitcoin will get dumped between 12 Oct to 14 OctIn my previous post, I didn't explain well, that why Bitcoin will dump in the next 10 days, particularly between 12th Oct to 14th Oct.
Bitcoin likes to follow the same patterns. Here, on 3D Chart, Bitcoin is not able to cross Super Tunnel Upper Channel (If it closes above the Super Tunnel, then I think Bitcoin will see the next bull run this December itself but chances are very very slim, and in that case scenerio my analysis becomes 100% invalid). Last time it was the same, bitcoin was not able to cross the super tunnel's upper channel. I have pointed a similar occurrence before. Frankly speaking, this analysis and chart are for my personal accountability. The reason I am expecting a big dump is not in this chart only, it's a multiple time frame analysis on Weekly and Monthly timelines.
My short targets are:
First Target: 36k (95% Surety)
Second Target: 30k
Third Target: 25k
Monday: BITCOIN - Week 40Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
BTC realizes the scenario of further growthsBTC is rising and preparing to break $50k I think it's a matter of a week/two. BTC is getting stronger by the day and resists a lot of manipulation
BTC at the end of a re-distribution phase (target $35.000)In my last analysis of the Ethereum price, I discussed the striking similarities between the price action of the leading altcoin and the BTC price. The bottom line was that this could result in another major market correction.
But how does another correction even fit into the current picture of the leading cryptocurrency?
I believe I have found the answer in this forecast.
Yet again, the similarities are striking. Points 1-3 show the upward movement in the BTC price, followed by the first major correction.
Between 3-6, another upward movement occurred, culminating in a buying climax (BC), followed by the automatic rally (AR) as a sudden counter-movement and the secondary test (ST) as confirmation that a change of character has occurred in the market. At this point, the BTC price moved from an uptrend to a sideways movement.
As we know today, it was a distribution phase, which was executed between points 6-10. At point 8, the UTAD event occurred in the form of a bull trap.
At that time, the BTC price briefly broke out above $60,000. As a result, many short positions were liquidated and many investors went long in the market. This maneuver created the liquidity for a larger sell-off.
We observed the equivalent of this maneuver most recently with the briefly breakout above $50,000.
In other words, I argue that we are currently at the end of a re-distribution phase.
If I am correct in our analysis, we will see a repeat of events in the coming 1-2 weeks, where between points 9-10, another attempt will be made to crack the current resistance (then $60,000, now $50,000).
In truth, it will probably be the last test before the big sell-off takes place.
In this scenario, we could be in for a roughly 20-30% correction if there is another deflection at around $50,000. In other words, the BTC price could fall back to $35,000 to $40,000. The altcoin market would be hit much harder.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Bitcoin Kurs Prognose
Strong bounce on Bitcoin, Is bull run started?Strong bounce from 41K for fourth time!
With that strong bounce up there is a possibility to see a breakout of descending channel.
See my last bitcoin analysis to find out what will happen if this channel be broken.
Whales are controlling market.
Market is so emotionally.
Be careful.
#Bitcoin USDT WEEKLY ANALYSISHello dear friends
Well, according to last week's analysis, we saw a decline to the areas I had identified.
Today I did a new analysis.
I think this beautiful triangle should be completed.
This is the best time to buy Altcoins this week.
We may have a shadow for $ 37,500
be ready
The flight is near
I find the analysis of several altcoins extremely profitable.
Your own risk
Monday: BITCOIN - Week 39Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
BTCUSD may fall to $37,361 or below this weekendIt looks like BTCUSD may fall up to $37,361 or below this weekend, The volatility in Crypto is not that great which normally being observed during the weekend after the close of stocks and forex markets this Indicates it's consolidating and gathering a huge sell volume. If this happens over the weekend the Scenario of $24k is very much possible in the coming weeks or months.
* Views are personal and not trading advice.
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BITCOIN: A sign of relief? BTCUSDT has followed the downtrend started by the global markets after the Evergrade scandal.
This really brings back memories of the early 2020's COVID scare that brought BTCUSDT all the way down to sub 4K prices for a short period of time.
Now after the steep fall from 52K we seem to have found support on the 180 EMA and previous resistance.
As we can see on the right the volume profile shows the support area of 40.6K to 37.7K to have some decent volume to back it off.
With even higher volumes down in the lower part of the range all the way to 30K as possible support and quite a psychological barrier.
30K really looks like quite a key level because as one of the last support's above the 2017 ATH, it's quite a symbol of this Bullrun and how much BTCUSDT has increased in value since March 2020.
I have some faith in the strength of this support, we will probably range for a while as we consolidate here, unless really serious bearish news starts flooding in and we could repeat the scare of 2020 (we never learn right?)
As always keep both eyes open and remember:
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO SUCCESSFUL TRADING
BTC - Correction Done!Hi, this is my new update for BTC. In the last 16 days BTC has fallen over 24% and I think the bottom is already in, since we have completed abc correction. The first thing we have to do is to hold the SMA100 (the blue line) and the support level around 40000$ and if break those levels then things will get ugly here. The first resistance is around 44000 - 44500$ and if we want to set a higher high, we have to clear the top of (b) correction and I expect that we are going to make a bottom head and shoulders. So be patient and don't panic. ;)
Who controls the $BTC?46.5K is the point of control - above and bulls are in control, below bears are in control.
Bitcoin needs to hold the trend, blue fib channel. If it fails and enters the red fib channel, I think it's going lower.
There's also volume gap at around 35.5K - doesn't need to be filled but it's something to think about.
I'm still leaning slightly bearish because of the legacy markets, tapering and Chinas Evergrande.
BTCUSDWe are currently in a downtrend
And a descending channel is formed in it
The target in this channel is the range of $ 16,000 but
The opposite can be proven if $ 45,000 is broken upwards in the first step and the $ 50,000 upwards break in the next step.
The chart first shows the $ 32,000 correction
Disclaimer:
This is just a theory and it may or may not happen