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BTC shortterm downtrend bearishI think this one is going down a bit. This might seem to be bull flag forming but there are cople things that are pointing to another price action. Declining triangle formed nicely, but golden line previously forming a support line is acting now as resistance, which got rejected not once but twice. THEN We are getting critically close to death cross. Once it will be confirmed, things can get ugly pretty fast. I feel like bull are losing heat. Im waiting for retrace to 28k atleast. Another possible scenario, bull will fake deathcross and we gonna see a breakout out of a bullflag.
Short
by lucrat1ve
BITCOIN BULLS (17550 TO 17200 BUY PRESSURE FOR 27K AT LEAST 22K)BUY EVERY PULLBACK FROM 17550 , I love Bitcoin so much but most importantly I love making and keeping my profits. as humans, 85% to 95% of the time we are controlled by emotions, meaning we are suckers for reactions and it is no coincidence that trading happens to be the game of emotion (trapping and trampling, luring and betraying) the next trader loss is your win(even if he/she is your best friend) meaning learning to operate and trade without emotions is your 1st key (your three worst enemy remains fear, greed and euphoria) if not put to check at every turn, you are likely to be reacting to every bar so knowing when to trade and when to stand aside is key most essential tool in trading because even if you beat the market today, you cant always beat the market everyday (you can never beat the system all the time) with the weekly chart just expressing its first pause since the break of 12k, this shows strong bullish accumulation on the ATH zone that on the weekly chart this bull trend is just getting started. In this video I have done a multiple timeframe analysis: Daily chart candle stick pattern discovered: Bullish Pennant: 4hrs candlestick Chart Pattern discovered: Bullish Cup and Handle: Please kindly watch the full video for full explanation of the patterns and how you can trade them, I also give stops and Target are also stated at the end of the video. thank you for watching
Long
by MachiavelliTrader
2
Bitcoin almost back on track again 💪After a long bullish movement in the market, the price fell significantly a few days ago. However, the momentum is picking up rather quickly. Currently, if there are no major drops in price, we will continue the previous trend line up. This is a semi-neutral view. I hold short positions in Bitcoin, however, regret this decision and already wrote off these losses mentally. I believe we can still go down in price, but not too much in the coming days. Talking about weeks. Nobody knows exactly. It's just like the weather forecast, we can only make a prediction based on the data we have at the moment.
BITSTAMP:BTCUSD
by puikplan
2
New Monthly ATH (What this mean?)Hey there! Just shifting trough timeframes and notice this interesting fact. Price on Monthly timeframe broke previous monthly Closing ATH at 13886 and now Monthly Closing price seems like will be higher than ever. This is awesome fact, because in 2017 we can look at similar output from price. In May 2017 price of btc broke 2013 ATH Monthly Close at 1102 and NEVER ever back to this price again (yet). I think this is impressive and gives thought about future of Bitcoin in 2021. Let me know what you think, will price follow same shape this year and next? Thanks for attention!
BNC:BLX
by ArShevelev
5
Paypal's Bitcoin AnnouncementBitcoin has been holding steady over the last few weeks. After it's failure to drop below support we got some news today for all of us Long Term BTC holders/traders. Paypal is integrating Bitcoin, ETH, LTC by early 2021. The news has pushed Bitcoin past it's previous resistance around $12530. Up next is the resistance levels of $13k followed by $13868. With the bullish announcement we are in a "buy the dip" mode imo. I fully expect money to be cycling through BTC and alts. News Links: twitter.com www.marketwatch.com cointelegraph.com
BITSTAMP:BTCUSDLong
by tired_man_willis
*THE TRADING REGIME #BITCOIN ANALYSIS - OCT 2020 TO JAN 2021*Hello Traders We’ve decided to add #BTCUSD to our watchlist for the end of the year. Cryptocurrency is still fairly new to the market and lack regulation We normally don’t trade it due to several factors however, here’s the complete analysis and price points marked out. It’s currently showing #bulls in charge But keep in mind the bearish engulfing also present from $13k Touch. Crypto trading tips: Be safe and take low risk(WHAT YOUR COMFORTABLE LOSING—-SCRATCH THE 1-2% theory 😂) ask me why in comments! Be patient and disciplined in your approach((TRADE YOUR PLAN/RULE BASED APPROACH) Don’t follow the “HERD”(HYPE/HERESAY) Always protect your capital(stop loss) Always only risk what can afford to lose. The Trading Regime COINBASE:BTCUSD
B
by EvaultFinancialGroup
1
brief TA on bitcoinBitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support. A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief. In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
by thefinville
BTC is "toight like a tiger"Recognize that title? No? It's a throwback to the movie Austin Powers Goldmember Anyway, this is a quick and easy analysis. BTC has been ranging for the last few weeks with the pattern getting tighter. Bears have failed to break past $9800 with sustainable volume (Remember $5.8k from the 2018 bear market? Similar to that) Bull volume has been picking up over the last week. RSI and MACD are both neutral which means we've hit an equilibrium. While technically this could go either way, I'm leaning bullish. That said, the price action could turn bearish as the markets dump during the 2 weeks before/after the election (Historically there has always been a selloff). That said, Bitcoin has shown to not directly correlate and if faith in the U.S Dollar falls due to the election results then I won't be surprised if we see an influx of people looking for a safe haven for their assets. Either way I'm bullish on Bitcoin and have added to my stack. If we don't see any price action during the weekend then we can expect something on Monday.
BITSTAMP:BTCUSDLong
by tired_man_willis
BTC JUST MADE A MOVE IT HAS NOT DONE IN 4.5 YRS! +PRICE TARGET!Bitcoin has just pulled a move that it has only ever pulled 4 times in Bitcoin's short history so far and it has been 4.5 years since the last time it has made this move last! Along every single Bitcoin Boom and Bust Cycle there is a key point where everyone always asks anyone "When do I buy? When do i get in?" Well the HODL answer to that is Buy the Dip.. and sell... i don't have that word in my vocabulary. If you had followed anything in bitcoin history you would also know that If you had bought anywhere below $10,756 USD/BTC (at time of writing), that you would still be in profit or even thus far in your trading career. If you are an active trader of any sorts or want to get in at every micro trend dip to sell the rips, then you may have caught the trends that have already formed as well! Although Very Few understand the gravity and value that this move has shown in the Bitcoin Price. If you do then this chart below leaves you salivating and wanting to throw your Fiat right at bitcoin! Currently we hold support at the .865 FIB and also the .786 FIB levels which are good indications to the start of a new bullish trend after retracing. This retrace that we took in price action was the most crucial point we have see in 4.5 years. We not only held the .865 FIB with VIX and VOL increases of substantial measures, but we held above. a very key resistance point. The downtrending red line below where we held support and above the Green Arrow I placed, is the 3 YEAR DOWNTREND RESISTANCE that has plauged bitcoin since December 2017. We took the first major step in breaking this major point of resistance after squeezing to the very last point of the symmetrical triangle shown in yellow from which we launched off of the $9,100 level and then proceeded to break that sym. triangle. 2 Days later Bitcoin demolishes the resistance point with a $1,400 candle on July 27th, 2020 -- from the $9,941.00 start, through the $10,100 point where the 3 YEAR DOWNTRENDING RESISTANCE layed, up to 11,450.00. Most amazing thing is that it did it with hardly a change in the VIX meaning there was no resistance from the bears to hold their line of defense AT ALL. And was confirmed with the increasing VIX action along with the Inverse Correlation of the MACD (at the top) and the choppy price action upwards from $11,450 to the $12,500 price target. Once Price Action re-correlated with the MACD in a downward trend, we see the VIX pick up rapidly for one of Bitcoins famous price retrace move of which we see happen. The VIX almost 3x'ing at the point of support to hold above the 3 YEAR RESISTANCE TREND plus holding the .865 FIB was BULLISH MOVE #1. The Second Bullish move and in my opinion the bigger of the two moves in value and confirmation is where we have sat for the past 4 days since September 25, 2020. On a Red Candle we have held support not once, not twice but thrice; we are in the midst (during the writing of this analysis) of this 4hr candle holding above the 21EMA. Holding support on the 21EMA is the bull trend support sweet spot that throughout Bitcoins History we have proven time and time again to hold true. In the Short term to Near Future we can see a slight drop back down to test the trend line holding up our ascent we have started, which can drop us temporarily below the 21EMA, but will be short lived. The longer term price target of our next move looks to be over the next 30 days and a movement back up to the $12,500.00 and then to hold as support using the ping-pong like action from July and August in the 11,900 - $12,400 price level as support. Next stop from there is the $13,700 to 14,250 price range in the next 45-60 days. Until Next Time, MahNemzJeff signing on with Gamblers' Paradise
Long
by Gamblers_Paradise
1
Bitcoin another round of sell off is awaitingBITCOIN After reaching the 12000.00-mark cluster of resistance were formed at this level. In this consolidation phase we can see the series of pattern shows that the rise and big falling of the price. The price is trading below the 50,100,200 exponential moving average in four-hour timeframe. Bitcoin has lost almost 2000$ for 1BTC in a single trading week. And find some minor support near 10000.00 level. We can expect a short term rebound of the price towards 11000.00 level there some recent resistance zones are formed. Just above that price around 11500.00 23.6% Fibonacci level will acting as resistance for bullish run. From this level we can short this pair and the potential take profit will be around 9000.00 mark which is coincide with 50% Fibonacci level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
BITSTAMP:BTCUSDShort
by forexorbit
2
BITCOIN MAJOR MOVEMENT - NOT THAT BULLISH YET !!!Hope you have a beautiful day! In the following technical analysis I am presenting the current situation of the market for medium term period by utilizing highly efficient structure lines and data language. Please let me know what do you think about it ? Are we going to breakout bullish or bearish out of the triangle ? Let me know what is your position on this and let's construct a positive conversation Enjoy your day and be careful leveraging!
BITSTAMP:BTCUSD
by Scrembo