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Bitcoinpriceprediction

200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC What will next year bring for Bitcoin price ? Does the 200 Week Moving Average actually act as a support for Bitcoin ? A recent article that literally came out today says will BTC will never drop below its' 200 Week MA which sits near 6700 as you can see on the chart ( it's the blue line with the blue arrow pointing at it .) So they are saying Bitcoin will never drop below 6700 ever again ? I disagree . As you can see we clearly dropped below the 200 Week MA in March - and actually wicked quite a bit below it . If we follow that March wick down we see our lower trendline in purple with a purple arrow pointing at it . I think Bitcoin will wick down here again , probably next year , and that would take us down to 5xxx or 4xxx ,possibly lower . But definitely that is below 6700 ! I suspect the author of the article is not really a trader . Did they even look at the chart ? Anyway I respectfully disagree with their statement that Btc is not going below 6700 again . I think it is , but will be in 2021 .
by shimmeringpath
Band Practice BTC/USDT #regressionband #Bitcoin $BTC #cryptoThis is that Pink and Blue Regression Band that Bitcoin has been in since the March dump . You can see we just wicked the bottom edge of the pink part of the band earlier today near 10600 . We are still inside it though and unless we go down and close below the band then we are still good to see some upside. See the red arrow ? Near 14k ? That is going to wick us up to the top edge of the blue part of the regression band . Whether we could go even higher after that ,it's always possible . But we seem to be going towards 14k .You can place a regression band on your chart very easily by just placing it and it clicks into place automatically so to speak .You will find it in the left side free indicators in Trading View , the first drop down menu .
by shimmeringpath
2
BTC - I am not sure about this Head & ShouldersEverybody talks about this potential head and shoulders pattern on Bitcoin, but I am not sure about it. It somehow doesn't look right with that first 12k touch just before it being higher than top of left shoulder. H & S is top pattern and it's left shoulder should be first of three tops, but it isn't here. Looks more like an ABC correction from 12500 top to me and I bloody hope it is, breaking 10500 support here wouldn't be healthy. ABC to support was obvious and inevitable and it would be healthy retrace, but breaking that support might mean this was all the sucker rally and we could go much lower than 9600 h&s target. What is not promising though is that many alts took heavy hit today and broke some very, very important supports. Since I can't see the fast bounce from here to make alts drop even further, their further drop, unless they retake those supports immediately, could be caused by more btc drop. Anyway, it's tricky squeaky bum time. This rally got to a dangerous point, bulls look exhausted and not willing to make strong and fast bounces anymore, even at this very important resistance turned support point. No more V bottoms.
by Seleme
Bitcoin Investigation of SidewaysSo far bitcoin following same price action like in May, my prediction is based on the possible market run near 11000-12000 zone for next month and will continue to pump up to 14000 level or higher. Take a look at patterns which occurred in Inverse Triangles during up-moves, they look quite similar. Triangles developed with 4 inside patterns: 💥 Pennant (green) 💥 Triangle (flat gray) 💥 Cypher (magenta) 💥 Rising Triangle (gray) After breakout from inverse triangle price followed with Sideways action, notice the sequence of Lows and Highs in June-August. Next pump followed with same Inverse Triangle and same patterns.
BITSTAMP:BTCUSD
by ArShevelev
8
Bitcoin Price Forecast: BTC/USD Sets Eyes On The Prize At $12k Bitcoin recovers from the dip to n$11,100 but hits a wall at $11,800. BTC/USD is likely to embrace support at the 61.8% Fibonacci level and relaunch the mission to rise above $12,000. Bitcoin price has shown resilience since the beginning of the week. This week started with action above $12,000 but BTC hit a wall at $12,084 (on Coinbase). A reversal took over with the price making haste into the $11,000’s range. Struggle to hold closer to the critical level at $12,000 lost traction with the largest cryptocurrency pulling the entire market into a fresh selloff. BTC/USD explored levels close to $11,000 but support at $11,100 gave the bulls a fighting chance for a reversal. Recovery in the last 24 hours has been steady and consistent except for the fact that selling pressure is present. For instance, Bitcoin pushed above $11,500 and the resistance at $11,600 but could not rise past the seller congestion at $11,800. At the time of writing, BTC is teetering at $11,761 amid a continuing retreat from $11,800 (immediate resistance). The Relative Strength Index (RSI) signals that selling activities may gain traction in the current and upcoming sessions. Initial support is envisioned at the 61.8% Fibonacci resistance level, taken between the last swing high of $12,084 to a swing low of $11,120. If this support is shattered, investors can expect a breakdown retesting $11,600 (50% Fibonacci level). Other support levels to keep in mind include the 100 SMA at $11,643 and the 50 SMA at $11,532. In spite of the hurdle at $11,800 and the ongoing retreat, all is not lost for the bulls because the MACD is holding within the positive region. Besides, bulls have eyes on the prize at $12,000 and, therefore, will not relent in the push for gains above this crucial level. Bitcoin Intraday Levels Spot rate: $11,755 Relative change: -46.71 Percentage change: -0.37 Trend: Bearish bias Volatility: Low
COINBASE:BTCUSDLong
by CoinGape
BTC/USD Prints Bearish Pattern: Breakdown To $11,000 Beckons Bitcoin bulls are working hard to overcome the resistance at $11,600 as well as the hurdle at the 100 SMA. BTC/USD is still in danger of a return to $11,000 in spite of the support at $10,500; the bearish picture becomes apparent. Bitcoin price could have already said goodbye to the critical level at $12,000. The cryptoassets is struggling to build momentum above $11,500 at the time of writing despite recovery from the support at $11,100 on Wednesday. The Asian session on Thursday is characterized by increased selling pressure, especially in the short term range. The 1-hour chart shows Bitcoin price trying hard to hold above the 50 Simple Moving Average (SMA). Glancing upwards, action towards $10,600 is limited suggesting a possibility for losses under $10,500 coming into the picture in the near term. The 100 SMA ($11,665) is a key hurdle that must come down for gains eyeing $12,000 to become actionable. The formation of a short term rising wedge pattern particularly spells doom for Bitcoin. A rising wedge pattern signals a possible reversal from an extended bullish trend (the recovery from $11,100). Bitcoin price narrowing upward action could not overcome the resistance at the 100 SMA as mentioned before, leaving the next hurdle at $11,700 untested. At the time of writing, BTC is trading at $11,554. The price is hanging at the edge of the cliff with losses likely to continue in the short term. The Relative Strength Index (RSI) is falling gradually towards the midline. This reflects that selling activities are gaining traction. On the other hand, rapid declines are unlikely but cannot be ruled out completely. The Moving Average Convergence Divergence (MACD) is holding above the mean line. A minor bullish divergence hints that buying pressure is relatively present but not enough to sustain action above $11,600. For now, establishing support at $11,500 is key for the fight to $12,000 otherwise, Bitcoin is still in danger of losses eyeing $11,000. Bitcoin Key Intraday Levels Spot rate: $11,574 Percentage change: 0.05% Relative change: 6.5 Trend: Bullish bias Volatility: Expanding
COINBASE:BTCUSDShort
by CoinGape
1
BITCOIN EMOTIONS STRUCTURE — $100 000 per btc +644% Potential!!!Hey! Reading market emotions could be pain in ass ¯\_( 👁️ ͜ 👁️)_/¯ But what you can do about it? M arkets always flow in ups and downs, every minute emotions change so the market following well known sequence of emotions: ... Optimism — Believe — Excitement — Thrill — Euphoria — Complacency — Denial — Fear — Desperation — Panic — Capitulation — Anger — Depression — Hope — Relief ... This emotions sequence happen on all timeframes, you can find it every day and on every market/assets. Moreover this emotions people feel over and over during day and regular business and activities. I find 3 tips how to see market emotion stage: 1. Be Cold Mind — Check Twice 2. Take a Guess, but Control Risks 3. Watch Your Mood — Ask Opinions These steps can improve overall market feeling, but you have to train intuition and spend time on markets to find it's patterns. This require experience, so spend time to learn and try different things. Do not rush "all-in" if you are newbie, small is big in the trading. Peace and have good profits. Stay tuned to Artem Crypto. P.S. Bitcoin next stop could be near 100K, not joking. remember this chart? Good luck :)
BITSTAMP:BTCUSDEducation
by ArShevelev
22
😱 BITCOIN PRICE PREDICTION 2020/2021 😱Here is the modern history of Bitcoin. I find 7 Phases of the bitcoin from the top of 2013. 1. Descending Triangle Phase Price in form of triangle, in 2013 this pattern last for about 398 days. In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase 2. Ascending Triangle Phase After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle, similar shape, similar period of 155 days. Next price moved upside to next phase. 3. Flat Zone Phase After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase 4. Inverse Triangle Rise Phase In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash. 5. Sudden Crash Phase So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6. 6. Lack of Certainty Top In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility. Here is the prediction starts, in 2017 after breakout we faced 7th phase. 7. Parabolic Rush Phase So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :) 👉 What price do you think we will face during 2020 and 2021 Stay tuned, have a good profits Appreciate your likes and subscriptions This is Artem Crypto
Editors' picks
BITSTAMP:BTCUSD
by ArShevelev
237
Bullish P-Wave forming on BTCUSD Daily TF?If I discount the tops at 10k+ as false hopes driven rallies not supported by much (see volume signatures on those days) ... this looks like a classic P-Wave forming to me, with a statistical probability of breaking to the upside. What do you think? Please lmk in the comments below! :) If it drops below 9.150 .. seems like a good place to ladder in shorts on low lev. with tight stops to the upside. if it drops below 8.8 ... ladder in more. if it snaps down and up ... that seems bullish enough to me if it is quick enough and bounces above 9.5k, at which point 9.8 - 10k seems (once again) like the next logical test to the upside. And if it breaks that ... 10.5k seems like the next resistance level on the horizontals. either way, i expect some fireworks this week, even in the next few days or less. happy trading! ps: Thoughts? Please lmk in the comments below! :)
COINBASE:BTCUSDLong
by stepstones
2
Addon short on BTC✴️ BTC Update #BTC_Update Hello dear community, after more than a week of range, we finally got some action in the last two days with first an incursion above 10k on the BitMEX platform followed by a drop to 9100. However, BTC has not closed below the 9250 - 9350 support zone and is currently on a rebound, probably technical. The daily technical situation is now negative with a sell signal given on WaveTrend and MACD. 📈 Trend follower? Negative over 1 hour and positive over 4 hours and daily. 👉 What can be done? Now that the second target has been reached, your stop-loss must be placed in profit and may be activated in case of a rebound. That's why we will try a new short position around 9850 in order to aim, once again, at the bottom of the range. Entry zone: 9800 - 9900 Stop: 9999 T1: 9690 T2: 9515 T3: 9270 Stay safe and good friday to all!
by ArnJuDQ
1
BTC : In the middle of nowhere✴️ BTC Update #BTC_Update What's new since the last update dear community? Well yesterday at the end of the day we were at 9700, we are still at 9700 in a context of decreasing volume. Boring? Yes indeed! Since May 28th, BTC is moving between the support zone at 9300 and the resistance zone between 10000 and 10200. If we analyze the uptrend from the low point at 3800, the average volume is constantly decreasing. If we zoom in on the last leg of the uptrend, from the 8700 to the high point at 10400, the same observation is made, the average trading volume is continuously decreasing. As you know, it's never a good thing when the rise is not accompanied by a trading volume and that's why we continue to have a rather bearish bias in the medium term, as long as the 10500 is not exceeded. The daily technical situation remains positive while on a 4-hour horizon, technical indicators have already crossed downwards. 📈 Trend follower? Positive on the 3 main time horizons. 👉 What can be done? A picture is better than a long explanation, if we look at the 1 hour chart of Bitcoin, the price is exactly between its support and resistance zones. In other words, it's a no-mans land! We will therefore keep our short position at 10k as long as the price remains above the 9300 zone. Stay safe 4C Family 😉
by ArnJuDQ
☆ BTC / USD — Bitcoin Forecast ☆Today is 1st June, first day of summer! Congratulations! Monthly chart shows important levels to consider in swing and intraday trading, so today I want pay your attention on them. Current month opened above previous month which is good signal for possible rise of the price during this month. This allows me to think about the move at least above $9300 and below $10500 zone for next period. Of course we can use this level as confirmation of correction or as support for move up. Recommend to see my latest Bitcoin Trading review with suggested entires:
BITSTAMP:BTCUSDLong
by ArShevelev
1