BITCOIN daily chart update.. WTF?? Folks,
Here is my daily update on the BTC chart on the daily chart... this morning I presented a 4 hour analysis and this is the daily chart..
I love Japanese candlestick pattern.. They have helped me so much and I study them quite some time but it is still difficult to fully embrace the meaning behind the bars..
So much psychology and that is the reason I love trading.. It is not for the money.. It is trying to get better and better everyday.. Analysis, studying, trade, fail, analyse what has gone wrong, journaling every trade and
read many books on trading..
The goal is to become a professional trader in 3 years!! SO I have put the word out..
I hope you guys enjoy my analysis and that it helps you to take advantage and gain some control and direction..
But at the end never forget You can't know what is going to happen!!! Accept it and commit yourself to become a PROFESSIONAL LOSER.. Think about what I am trying to tell you here.
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THE WINNING MINDSET.
Bitcoinpriceprediction
1H Chart. BTC Squeeze, Explosive Move Incoming ? Hello friends, latest update on the last analysis which was exactly as visualized.
1 . There is ongoing squeeze for $BTC, one-hour chart. Massive battle at the $46k region between the bulls and bears. Pressure is building either way.
2 . I had to use a Channel for clarity. You can see on the chart, back and forth Push-n-Pull forces acting on Bitcoin at this range .
3 . If Bulls win, we breakout upwards this channel , and EXPLOSIVE price shoot will happen.
4 . If Bears win, breakdown will happen , a significant drop will happen. Strong support will hold only for the time .
5 . Key candle for upward confirmation must begin at $46,500-503 $BTC price . Watch out
If all else remains constant and NO government FUD … this analysis will remain valid.
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Bitcoin End of Year Price Prediction ? BTC/USD #Bitcoin $BTC Here we see our weekly Bitcoin chart on Coinbase with that colorful Gann Fan indicator on it . You can see the blue levels in this fan are generally Bullish - and if we come to the top of that blue line in December 2021 it will take us up to 288k area ! That's incredible ! 288,000 would be about 14X up from our previous All Time High from the late 2017 Bullrun near 20k. So a slightly diminishing roi but it is definitely possible . Now I personally was calling 244k as probable blow off top just based on long-term upper trendline but we'll have to wait and see what happens ! It's gonna be a wild year ! What's your end of year prediction ?
BITCOIN Breakout to 100KIt seems as tho bitcoin have been forming a breakout triangle since its peak at around 60K.
Only a matter of time before we breakout...
Is 100K possible by the end of the year?
Doesn't look so crazy when you zoom out.
Let me know your thoughts.
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Good luck Traders!
Bitcoin Channel BreakoutAs you can see, bitcoin has been falling in a descending channel.
Furthermore, the rsi has been forming a bullish divergence...
Keeping our S/R lines in mind, it would be probable to see a breakout of the channel, followed by a bounce up to and off of the 39K line
Good luck Traders!
Bitcoin Price Prediction: Uptrend ResumptionAfter hitting as high as 42,600 on 1 August, Bitcoin prices could not proceed further, putting a pin in the balloon of traders holding bullish Bitcoin price prediction bets. The corrective move is said to have liquidated nearly 358K positions at a price of just over $37,500.
Tuesday’s move marks the 4th day of Bitcoin prices ending up in the red, but the price candle has found support at the 37455 price level.
Bulls need to build momentum on the intraday bounce to push the price above the price wall at 40,750/42,500. If this breakout attempt succeeds, 43569 and 46203 become the immediate upside targets.
If price breaks below 37455, 35297 and 32,500 become the immediate targets to the south. 30208 is also the barrier that stops the BTC/USD pair from dipping towards 27658.
It is also possible for price to become range-bound between the price wall that has 40750 serving as the ceiling and 37455 as the floor. The range can also be extended to include a new floor at 30280 if 35297 and 32500 give way.
Feel free and get in touch for more ideas and trade signals
Bitcoin $526,000 August 2022 Cycle TopAugust Capitulation: fractal taken from previous capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: the time between the two would be 12 months exactly Elliot Wave Theory: validated Fibanocci Indicators: parallel channels, extensions & circles all bring confluence to this exact date & price
BTC ROAD TO $300K by 2022.#BTC Golden Cross 🚀 (Road to $300k)
Golden Cross is crossover of the 200-day average by the 50-day average. A golden cross suggests a long-term bull market going forward,
In 2020 Bitcoin printed golden cross on daily chart as result within 1 year bitcoin reached $64k from $8k that's 800% of growth.
If bitcoin manage to print golden crossover again and hold above it then Bitcoin will reach $300k from $40k level by end of 2022.
A short term target would be $100k by end of 2021 or march 2022.
Bitcoin Supercycle RoadmapWhile it is not certain if this will be a Bitcoin supercycle, here are the key levels to pay attention to and track on the way to the supercycle and Bitcoin price targets of 100K+.
1. 44.5K: 200 Day Simple Moving Average
2. 51.2K: 61.8 Fib Retracement
3. 59.7K: Lower high breakdown from previous ATH
4. 65K: Previous ATH
5. 100K+: Supercycle
Simple, but powerful! Keep these levels in mind.
BTC 15m Chart Parabola Breaking DownLooks like we just broke the parabola and had a retest which actually created a bearish divergence. If you look at the BTC market cap index chart, it looks like we also have a bearish divergence on the 1hr also breaking a bigger parabola. Could see a big move down very soon. I linked the other idea below.
Key levels we could have temporary bounces on are circled.
WILL BITCOIN HIT 100K? HERE'S WHY IT MIGHT ACTUALLY HAPPEN ! WHEN IT COMES TO BITCOIN, THE QUESTION ON EVERYONE’S MIND IS USUALLY “WILL THE PRICE GO UP?”
Celebrity investors like Chamath Palihapitiya and Mike Novogratz tell anyone who is willing to listen that Bitcoin will inevitably exceed $100,000 per unit in value. Other Bitcoin advocates claim the price is rising “to infinity” — or a global market cap of $100 trillion. It’s a popular message, signaling to people they can get rich merely by buying and holding on to something that banks and governments don’t control for enough time for the price to rise.
Although I generally avoid this topic. I’m not a financial expert, nor a fortune-teller. But it’s time to finally give the people what they want: Will Bitcoin ever hit $100,000? Here’s what you need to know.
THE 411 ON BITCOIN PRICES:
Bitcoin’s price tends to rise in four-year cycles.
Bitcoin’s price varies across different markets.
Bitcoin is an experimental software project, so it is a very risky investment.
Anyone who claims to know any cryptocurrency’s future value is lying, either to you or to themselves.
For More Deatils - www.inverse.com
NFA ! Thank You !
Bitcoin by Christmas Prediction Hope you all had a great weekend. I have been getting an overwhelming amount of messages about where The Shark sees Bitcoin by year end. Nearly 20 plus messages just today asking. So here is the short answer. Call me a Moon boy thats just fine.. The Shark has thick skin, rougher than sandpaper...and The Shark has a very thick wallet too. Everyone in this space is so bearish and I'm glad to share my longterm target while most people will just laugh. I see approximately a 3.5X on Bitcoin from here until the end of December. I have various ways of calculating this that supports this level. The fast answer is $127,000 by end of 2021. I do believe this full bull cycle could top between Dec. 2021-May 2022. This answer has changed since the last huge selloff. Prior to last sell off I felt we could be close to cycle top by end of summer 2021. However we now have a chance to go much much higher having gone thru this last complete wipe out of leverage. This reset is healthy and gives us a chance to reset and have an accumulation season before going much higher. It will be amazing to see how many people come back to this space calling crazy targets in August and September when it is easy to do so. The Shark smells the opportunities long before even when it's unpopular. Thanks for all your nice comments and support. I will try to answer some other questions I have been getting during the week. Keep stacking, Keep Swimming. The Shark is here for you.
Bitcoin trade idea prior Death CrossI will use opportunity to scalp some movement inside this range, going long from highlighted support zone of the range.
Price breaking out from the triangle on top of the 40-ish range.
Leaning price towards 37-38-ish — the area of expected rebound.
Expected target range in the Death Cross section of DMA50 and DMA200.
Best regards
Artem Shevelev
BITCOIN START PUMPING!!Right now Bitcoin is starting to bounceback again after it retesting the Support Line on the Symmetrical Triangle.
Not only that, Bitcoin manage to close above the EMA 55 in 4 Hours Timeframe, but it still need to confirm by consolidating above this level so the EMA 21 & 34 could cross the EMA 55.
Disclaimer: This content is not a Financial Advise.
Bitcoin looking for downside?Hello Everyone,
These past few weeks have seen a lot of red with little upside. A lot of influencers and "analysts" on twitter are calling for a breakout. I generally flock opposite of the crowd. In my opinion, Bitcoin is in a bear market. It is below the 21EMA weekly, 200 MA Daily, 200 EMA daily, etc. What I am trying to say is that bitcoin is below every single indicator that tells us we are bullish , which means we are bearish . How long will it last? I'm not sure. My guess is that the market needs a cool off and needs the retail investors to sell off their "shit coins". There was also way too much leverage being used and the market could not handle it. There is hardly any retail interest to purchase and I believe institutions are driving the price down for lower prices in the long term.
Here are my indicators:
1. Below the 200MA Daily: this is the main indicator that decides bear/bull market. Being below makes bitcoin in a bear market.
2. Below the 21 EMA weekly: This has never been broken in a bull market. When it was, it indicated a bear market.
3. MACD on the buying side is fairly weak and we have not seen much momentum to push higher.
4. Hourly price action looks like a dead cat bounce every time the market "bounces" upward.
5. There is a lot of resistance on the upward side with little momentum to break it.
6. Symmetrical triangle in a bear market has a near 70% chance of breaking down.
7. There have been 2 bull traps on the potential "bounces" this indicates selling is coming.
I believe there is a lot of denial in the market. People are expecting a huge rally when that is the least likely outcome in this scenario. There is so much resistance ahead of us and I believe a slow chop down is coming. I would imagine that bitcoin will land somewhere in the 20s before a major consolidation to move back upwards. Remember, on the way upwards bitcoin had small periods of consolidation to continue moving upwards. I believe the same is happening on the downside. A large movement downwards just happened and bitcoin is consolidating for another move down.
With all of this said, this "bear" market could last a few weeks to a few months. At least short to mid term. I do not see a lot of reasons to start buying especially with how ugly the weekly/daily look. You may want to start looking into shorting if you're confident in your skills as a trader.
As always, be patient, have risk management, and good luck trading.
BTCUSD Caught Support at $33kLooking at the Bitcoin chart on the 12-hour time frame we can see that Bitcoin caught support @ 33k along several support lines and this upwards channel. Now it looks like BTC is going to consolidate around the $36,000 area until it closes over $39,696 - $41,337 and starts to head in a more bullish direction.
The fear/greed index bottomed out at 8/100 and that's extreme fear. Buy when others are fearful and stacking for the long term it's like a fire sale right now.
The new monthly candle is tomorrow
I believe Bitcoin is going to trend sideways for a bit inside this channel until we breakout back to the 45-50k region.
BITCOIN, ON THE BRINK OF A BEAR MARKET.... OR IS IT?Bitcoin holds the 21EMA on the Weekly through its entire existence during a BULL Market. As soon as we break below and hold below the 21EMA on the weekly, we have always had a prolonged and major correction bear market.
Today, Bitcoin has broken below the 21EMA on the Weekly.
Now.. this does not necessarily mean a bear market this time because there is a confluence of indications that can make this a fake out. IF Bitcoin is able to move itself back above the 21EMA on the weekly chart, we will have pulled off the BIGGEST Resistance to Support flip ever in Bitcoin history and possibly in Trading History. Especially when it comes to the crucial point of this being for the continuation of the bull market or the start of a bear market.
We have an ascending trend line from the start of our bullrun at the end of last year that we are coming in contact with right here. We are also at the point of old resistance from our high made a few months back. We are also in contact with a trend line that comes all the way from July 2013. Both these trend lines converge to create a confluence at the .55 fib ext. level. The resistance we have been held down by has been the .618 fib ext. No surprise there.
We are also coming in confluence with the middle of the Logarithmic Regression curve to find support.
We are also in the middle of a Wycoff Accumulation Phase Patterrn. Which could end with a move to the level we are at or possibly even down to the Elon Musk Buy Zone before looking at the true breakout.
If we are able to pull off a move back above the 21EMA on the Weekly, This is the biggest bullish indication we have had flash in bitcoin history. BUY THE DIP.
Risky Trade with tight stop loss can be put in between the $42k-$44k range.
Otherwise buy the Dip on the way down to the Elon Musk Buy Zone. And hold a stop loss around the $27.5k range.
If we are to close the below the 21EMA on the Weekly, then we are looking for the move down to the Elon Musk Buy Zone between $30k-$32k in the hope for a very strong bounce to complete a Wycoff Accumulation Phase Pattern intoa Wycoff Breakout. If we dead cat bounce, Or if we cannot move upward, I URGE EXTREME CAUTION AS WE WOULD CONFIRM A BEAR MARKET BY MOVING BACK UNDER $30k and HOLDING BELOW.