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" Will 10k be broken down ? "Daily BTC targets 08.05.2020Good afternoon to you everyone, Due to the strange manipulative actions taking place in the markets, they are moving the price up to new highs, let's prepare price levels that need to be reached in order to confirm the movement in one of the directions. From the side of the bulls there are orders in the zones 9300 and 9600, but due to the fact that the price is so overextended, bulls need to collect orders in more liquid price ranges. Market sentiment is at 55 on the fear / greed scale, suggesting us that there is confidence that the momentum of upcoming halving can push price above 10k. Bears on the other side put their big orders at 10k and 10.2k. In order for them to push the price down, they need to turn on the aggressive mode and place orders lower, but at the moment the orders are standing still, signaling us about their passive mood. If the levels are not broken then the day will be quiet Have a nice day and big profits
BITSTAMP:BTCUSD
by RussianExpress
Bitcoin Bull and Bear viewBTC Analysis on the weekly time frame Bitcoin forming a triangle formation with LHs and HLs. It is currently finishing its Wave D which shall stretch upto 61.8% FIb extension ABC. This shall give the Target 1 as 10,000 which seems to be achieved anytime soon. A further extension of the Wave D to 100% Fib extension ABC shall give the Target 2 level at 14200-14500. Any pullback to Wave E shall be suggested to reach fib retracement level 50%-61.8% giving the buy zone at 7300 levels. The bear phase shall start if the bitcoin pullback stretches further to 88% of Fib Retracement level at 5000 which shall be very difficult for bear currently. Stay alert and happy trading!
COINBASE:BTCUSDLong
by kuberbindra1
Bitcoin will always rise Bitcoin was designed to reach higher levels - This is not a stock!!!! People need to reanalyze this crypto asset again this is not a penny stock or a stock! again this is designed completely differently whales don't add to the value - the mass computational power adds to the value of the coin it's always meant to increase, it was designed this way! for all, you Bears go back to trading penny stocks and losing! if you don't know how bitcoin works stop trying to analyze with just best guessing, you don't know how it works or how it was designed! NOOBS with no proper analyses just guessing doesn't count look at the annual pattern what does it tell you? PAY ATTENTION! Computational power adds to the value! creating higher highs consolidating at a new lower highs
BITSTAMP:BTCUSDLong
by aironwinds
7
Bitcoin is still in a distribution phase, sorry bulls.Hi guys, so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down in the very near future, maybe in the following weeks, most probably before the halving happens.. looking at everything, I am seeing a Wyckoff distribution pattern that is currently being followed, and this spike upwards was nothing more than our UTAD test we will probably be ranging a bit within these areas for a few days maybe.. but I think a big drop and crash down out of our rising wedge is likely to be happening if we do close our monthly candle above the EMA21 I will be very bullish for bitcoin.. so that monthly candle close will tell us all, and that's only 6 days away :) so for now, my bearish bias still remains, if you want to hear more reasons why? then you can still watch me live on Facebook or Youtube, just google " The Dang Oracle " have been streaming live daily 7.30PM (UTC+8) see you on the next one. #stayhome #staysafe #staycovidfree -Ryu
BITSTAMP:BTCUSDShort
by ThereAreNoWalls
4
BTC broke out the wedge and forming bull flags with continuationThe Bitcoin has broken out the wedge: In my previous post we have observed that on hourly chart the priceline was moving in a wedge since 20 March 2020 and at that time time the BTC was at the center of the wedge. And I shared my expectations that there were more chances of break out rather to break down. At that time the resistance of the wedge was at $6800 and in order to break out this resistance BTC needed the closing above this resistance level. And now we have witnessed that the priceline has closed above this resistance of wedge and finally broke out. Before breakout: After breakingout: Bull flags: in previous thirst we were looking at the bull flags formed by the Bitcoin on hourly chart but now as the priceline of BTC has turned more bullish therefore the bull flags can be seen even on the 4 hour charts as well. It can be easily examined that after every bullish divergence the price action of Bitcoin accumulates and moves up to form the next bull flag. By doing so the price range of the leading cryptocurrency has formed the third gull flag from 29th March up till now. And it can be clearly seen that at this time the Bitcoin is being accumulated for the next bullish move to form the next bull flag. In the meanwhile the 50 simple moving average has also formed a golden cross with 200 SMA just beneath the candlesticks on this 4 hour chart that is very powerful bullish signal. A new channel: Now on 4 hour chart the king of all cryptocurrencies has formed an up channel. And at this time the priceline moving within this channel and in order to break out from the channel the price range needs to close above the resistance that is at $8400 at the moment. Powerful bounce form 200 SMA and hitting the 100 SMA resistance: Now I would like to take you to the long term weekly chart and as we have already seen that the priceline has taken very good bounce from the 200 simple moving average on weekly chart and likely to turn bullish now. At this time it can be easily witness that the priceline has touched the 100 simple moving average resistance. This resistance is at $7087 at the movement. And the price action has hit the spike at $7469 but so far the candlestick is not able to cross up or close above this 100 simple moving average resistance. Once the Bitcoin will be able to cross up this resistance level then we will witness very powerful bullish rally because at that time we will have strong supports of 200 and 100 simple moving averages both at the moment and these both simple moving averages will lift the price up. The priceline is repeating the same act: Now I would like to divert your attentions to the comparison that I have been posting in my previous articles. When the Bitcoin was moving above the down trend line from 2018 to 2019.After when the priceline reached below the area where the traders interest was very weak as per volume profile of complete priceline moving about that down trendline then the price action took powerful bullish divergence and produced more than 300% profit. Now again we can see that the price line of Bitcoin is moving above a down trend line same is like the previous one. This trendline started from June 2019 and now finally the price line is likely to take the bounce after hitting at this trend line in March 2020. And we can easily examine that this time when the price line moved below the area where the trader’s interest is very low as per volume profile of complete price range moving above this trend line then it has started moving up. As per current situation the trader’s interest is low below $7000 and the point of control of the volume profile is $10350. Big bullish Gartley move a key of bullish rally: And I would like to also recall the very big bullish Gartley pattern again in this post that is formed on monthly chart as this pattern key for the big bullish rally for the Bitcoi. We can see that after the completion of this big bullish Gartley pattern the price line has even moved beyond the potential reversal zone but in the very next candlestick it is move back in the PRZ level and this move is showing that this pattern is still in play. 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
4
This Bull Flag Can Lead The Bitcoin For BreakoutOn hourly chart, 30 March after hitting the recent lowest price at $5856 the Bitcoin moved up by 13% in less than 24 hours. And now the candlesticks are being consolidated at this level and likely to form a bull flag at this level. So far the price action of BTC has been retraced between 0.382 to 0.50 Fibonacci retracement level. SMAs and support: In the meanwhile the Bitcoin has found the short term support at $6290 and moving above this support. Moreover candlesticks have also broke out the 100 simple moving average and now this 100 SMA is also another short term support for BTC, Now Bitcoin is likely to sustain this level. Now we need the closing above 200 simple moving average and at this time the 200 SMA is at $6454. Once the price action will be closed above this level then we can witness further upward move. We need this move or breakout: On the same hourly chart the priceline is moving in a wedge since 20 March 2020 and at this time the BTC is at the center of this wedge. There are more chances to have a break out rather to break down down. At this time the resistance of the wedge is at $6800 and in order to break out this resistance we need the clothing of of Bitcoin above 200 simple moving average. Once the price action will break out the two hundred simple moving average then further it can move more up to make another attempt to break out the resistance of the wedge. And after breaking out the resistance we can expect another bullish move for next bull flag formation. But in case of breakdown the support of wedge the Bitcoin may again retest the support of wedge at $5800.
BITSTAMP:BTCUSDLong
by moon333
NCASHBTC formed bullish Butterfly | Upto 100% move expectedPreviously I have posted chart where the price action of NCASH formed bullish Butterfly. And at that time the price action was moving above the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will enter in PRZ level to give us buying signal. And eventually it entered in potential reversal zone and moved up for more than 57% profit. Another Harmonic Move: Now this time the price action of NCASH has formed another bullish harmonic pattern and this time it is again bullish Butterfl. And this is another awesome opportunity to earn more profit. This time the profit probability is up to 100%. Let's dig this pattern deeper to see how perfectly this pattern is driven: The first leg was started from 25 Jan to 14th Feb 2020 and after that the next A to B leg is retraced between 0.618 to 0.786 Fibonacci levels, then B to C leg is moved up to the Fibonacci projection level between 0.382 to 0. 886 Fibonacci and that is the Fibonacci projection of A to B leg. Then C to D leg is retraced between 1.27 up to 1.618 Fibonacci levels and now the formation of bullish butterfly is completed here. At this time the priceline is entered in the buying zone and we can place our buying orders in this area. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern should be: Buy between: $0.2205 to $0.1994 Sell between: $0.2340 to $0.2707 Stop Loss: The potential reversal zone area which is up to $0.1994 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short and midterm traders not a long term idea, I will be keep posting more trading ideas.
NLong
by moon333
1
BQXBTC formed bullish Gartley | Upto 100% expectedPrevious Harmonic Move: Previously I have posted chart where the price action of BQX was forming bullish BAT. And at that time the price action was moving above the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will enter in PRZ level to give us buying signal. And eventually it entered in potential reversal zone and moved up for more than 46% profit on a very short term 2 hour based chart. Another harmonic move: Now this time on 2 day chart the price action of BQX has formed another bullish harmonic pattern and this time it is again bullish Gartley. And this is another awesome opportunity to earn more profit. This time the profit probability is up to 100%. Let's dig this pattern deeper to see how perfectly this pattern is driven: The first leg was started from 25 Dec 2019 to 12 Feb 2020 and after that the next A to B leg is retraced between 0.618 to 0.786 Fibonacci levels, then B to C leg is moved up to the Fibonacci projection level between 0.382 to 0. 886 Fibonacci and that is the Fibonacci projection of A to B leg. Then C to D leg is retraced between 0.618 to 0.786 Fibonacci levels and now the formation of bullish Gartley is completed here. At this time the priceline is entered in the buying zone and we can place our buying orders in this area. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: 0.00000453 to 0.00000356 Sell between: 0.00000526 to 0.00000712 Stop Loss: The potential reversal zone area which is up to 0.00000356 sats can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short and midterm traders not a long term idea, I will be keep posting more trading ideas. 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.
BLong
by moon333
1
THE UP TREND IDEA OF 9k---> EXAMPLE IDEABitcoin Block Reward Halving Coming soon over 49 days ---> depens on the market change in USA and ASIA can this example on the chart idea for long term. ( this are only example chart not confirmed by whale effect or volume). the expecting charts depens on data will be adding here on the channel soon. my expecting for now are to 6.9 7K+ area. But this will be a possible idea for long term---> soon will update more about it. ( remember this is only a chart idea ---> the expecting idea for now are 7K Area. -----> this are just an example idea ---> and btc are on this moment expecting to 7K area. there is good up trend MX 330 whale trend. My next update will be in the area 6.8/ 7K + Have good day all. If you like my post pleas give it a like, and follow me for more new updates. # bitcoin halving info with data www.bitcoinblockhalf.com
GEMINI:BTCUSDLong
by Protixder
7
BTCUSD Long term triangle unfolding?A strong case for a long term 5 wave triangle can be made ( Unfolding on the daily chart as Yellow label ABCDE ) * Triangles tend to unfold with the inner legs in threes ( This has been the case so far from the all time high - Blue labels ABC) * Triangles tend to form as a pause in the greater trend ( If this is the current case - When E down terminates, the trend should head up and break the upper trend line and start heading toward the all time high ) * Important note about E waves - They can break below the lower trend line temporarily before shooting up. E waves can also be short and not necessarily even get to reach the lower trend line. See the recent long term bottom triangle formation on the Gold daily chart ( You will have to load your own chart to check it out or Google images for information on triangles ) ** For immediate evidence I would like to see a daily close above $7,000 ** If a reversal in the current trend occurs now and we start heading back toward the low at $3,000 or break that bottom trend line - This theory would be void. *** On a bearish note The triangle formation of 2018 could also be unfolding now. If this is the case - BTCUSD will be heading lower. ( Top Green trend line )
by Ed-Holmes
3
When to buy BitCoin 2020Have you been wondering when to buy BitCoin in 2020? If you are trading crypto currencies using a crypto currency trading strategy, you may have been surprised that your recent sell orders may have been a loss. Many intraday traders may have woken up this morning to see that the stop loss in their sell orders have been triggered and they are out in a loss. Why is it that BitCoin crypto currency is rallying so strongly and triggering sell order stop losses? If you were looking at BitCoin crypto currency wearing supply and demand glasses, you would have noticed there was a huge impulse that become an imbalance around $4.096. We discussed this new imbalance in a previous BitCoin technical analysis last November 2019, go and check that analysis together with the YouTube video included in it. You can see an updated BitCoin crypto currency supply and demand analysis done on the monthly timeframe right underneath. We can see how the last monthly demand imbalances around $4.734 at #2 played out nicely. Everyone was thinking that BitCoin was dropping further and look at what happened. A similar scenario is happening right now with BitCoin crypto currency reacting to monthly demand imbalance at #1 around $4.096. Pools of supply and demand imbalances are created in all BitCoin timeframes, you must know what these imbalances look like and what they mean before you decide to take a trade on BitCoin. The BitCoin technical analysis video below is doing a long term analysis of the monthly timeframe, intraday and shorter term positions are not explained, those are different monsters.
BITSTAMP:BTCUSDLong
by AlfonsoMoreno
3