BTC/USD price predictionHello crypto fans,
Welcome to our first analysis of Bitcoin price. As mentioned in the chart, we found two really similar patterns in Bitcoin trading price during the years.
1st circle: hard short as seen in March 2020 - very small price variations - jump. That's the typical V-shape.
2nd circle: hard short, because of COVID crisis and big price variations. For example yesterday's market opened at 7200$, then dropped till 6800$, then almost kissed the 7000$ again and now we can see it at 6800$. Don't forget that we jumped way too fast from 5800 to 6800$ and that's the big difference with the picture from the 1st circle. We really have to test again the levels below 6000$ in order to make the big jump in May.
So my prediction for the next days' price is SHORT. 6900$ is a perfect level to get in and stay at least to 5800$. Have in mind that BitMEX CEO said that even a 3000$ level is possible!
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Bitcoinpriceprediction
Tracking of the pull back with ELLIOTT WAVESTracking of the pull back with ELLIOTT WAVES
The next possibile level of price that i have found with the analisys fibo's and varius resistances probably are into this price levels.
This trade it's the continuation of precedent. Afther these last waves, i think that probably the trend will go into reversal phase. We will look the situation at the moment..
Bitcoin is in Wave CHi Guys,
I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well.
Now based on my analysis and market scenario I can say the drop from $19667 to $3156 was wave A of correction and that Wave B from $3156 to $13970 we have seen a very fast recovery from $3156 to $13970 (Usually Wave B shows this kind of Fast Recovery).
And Now BTC is in Wave C where Bitcoin is ready to make a fresh low in next couple of months. As per my research Wave C usually Comes near to BTC halving you can see chart (1st halving - 2012, 2nd Halving 2016, 3rd Halving May 2020). Wave C always make a fresh low (it can go down by $1-$2 from its previous low $3156 , but it will make a fresh low).
At present I am waiting for the right levels somewhere around $7935 to take a short position in BTC and will hold it below previous low $3156.
As per my expectation recently Monthly 100 Moving Average is also started which is near $2750 in coming months we can we it around $2900 - $3000 level, market may test that level and try to consolidate near that.
I HOPE BITCOIN WILL GO TO MOON SOON
Regards,
Crypto Money Mantra
Break me out before you drop!✴️ BTC Update
What the hell's that BTC doing? We've been rejected twice under the 7450, which is pretty bearish, but still no massive drop.
The daily technical situation is still positive while the technical indicators are negative on the 4h horizon. On the 1h timeframe, the WaveTrend has just given a buy signal, which does not rule out a short-term rise.
📈 Trend follower?
Still positive in the daily and negative in the 1h and 4h timeframes.
👉 What to do?
Even if Bitcoin doesn't do much at the moment, our scenarios are ready you know me guys! So we have two big possibilities for action, maybe even three.
The first, Bitcoin breaks the 7500 - 7600 zone and moves far enough away from that level, forms a higher high and retraces. In this case we will open a pullback position.
If the Bitcoin fails to close, at least in 4 hours, with enough space, it will be a false breakout/liquidity grab and therefore a bearish sign. We will open a short position on retest of the 7470s. If the 7200s are broken down, this will also be a great spot to open a short on retest position.
While waiting for either one to break, we'll take our cursor off the trader button and wait for the guys! Have a nice day 😉
Now we enter on pullback!✴️ BTC Update
This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing.
The zone we are now interested in is very logically the one between 7500 and 7600.
The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter are starting to show signs of bearish curves.
📈 Trend follower?
Still negative on the daily horizon, but positive on the 1h and 4h hourly news bulletins.
👉 What can we do?
Now that we've had our break, it's time to look for an entry point to buy. There are two possibilities here:
1) The zone between 6900 and 7000, which corresponds to the old resistance zone but also to the zone between 50% and 61.8% Fib (last bullish leg).
2) The 1h zone value which also coincides with the 50% retracement of the 6130 - 7460 rise and the EMA 200.
A long position can be opened on the 1) using half the usual risk and a tight stop-loss. If the latter does not hold we will also open a long position on the second zone.
💹 Altcoins
The majority of the market is showing gains since the beginning of the session with SKY and VET winning over 10%.
Stay safe guys!
Bitcoin TOP at $8500 According to FORGOTTEN STUDYHey people!
Sharing everyday what I know about Bitcoin and what I see on chart.
So you can check from your perspective and compare.
Today I've noticed interesting pattern.
Its Called LIVERMORE Accumulation Cylinder.
This old study pic you can find in the internet.
I am attaching photo here: Reddit source .
You can google it too "LIVERMORE Accumulation Cylinder"
Please don’t follow any analyst blindly.
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes 👍, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Stay tuned to Artem Crypto
Don't get rekt. Stay safe.
Daily close above this zone is needed✴️ BTC Update
New week starting on the markets, what has happened since the last update? We still haven't had our daily close above 6900 but Bitcoin is currently trading around 7050!
I was telling you on Friday about two possibilities from a chartist point of view, an ascending triangle that you can see quite clearly or an ascending wedge. These two chartist figures have different implications on the possibilities for the evolution of the BTC.
Bitcoin is currently breaking its resistance zone which has been holding for almost two weeks now, but is encountering the oblique resistance of the wedge. The technical situation remains positive in both the 1h and 4h and daily horizons but the indicators are approaching their overbought zone.
📈 Trend follower?
Negative in daily but positive on the 1h and 4h horizon.
👉 What can be done?
As explained in the previous update, we need a daily close above these two resistance levels (horizontal liquidity zone and oblique wedge) to consider opening a long pullback position.
Until we have this close, bearish risk will remain present.
💹 Altcoins
The majority of Altcoins are down since the beginning of the session, with SORTJ dropping more than 7% and WPR dropping 4%.
#Bitcoin weekly updateBINANCE:BTCUSDT
Bitcoin is in consolidation phase. Bias is neutral. Funding is positive so many are shorting the market. Let's see where the price will go in the next days. I hope your safe and being careful with your shorts. Hope you like and share with your friends and comment to share your thoughts.
6900 zone, WTF with you?✴️ BTC Update
What's been going on since yesterday, guys? We finally got our break? Yes and no,let's take a look at it right now!
Indeed, the price of Bitcoin has indeed surpassed the 6900 zone but the break was short-lived with a high point reached at 7300 before a proper rejection. On the 4h horizon it doesn't even count for a high high in the fence and it was of course not enough to enter in position on retest, not the necessary distance and much too fast.
The daily technical situation remains positive but we can detect signs of a bearish curve, the situation is the same on a 4h time horizon.
📈 Trend follower?
Positive in 1h and 4h and negative in daily.
👉 What can we do about it?
Even if for the moment the daily technical situation remains positive, yesterday's flash rejection is not a good signal in the short to medium term. Indeed, the BTC failed at the first possible level and did not close above its resistance zone in horizon 4h.
If we look at the volume, the one that comes with the rejection candle is relatively large. So we will wait, if the resistance actually breaks and approaches 7500, and stays there at least a bit, we will be able to consider buying on pullback, not before.
💹 Altcoins
The majority of the Alts are showing modest gains since the beginning of the session with Steem standing out from the pack, posting over 20% gains.
We remain cautious guys, this market is capricious!
Good Friday to all!😉
Enjoy our analysis!
Your 4C-Trading Team 💚
Another attempt towards 7k?I don't think I have to abandon my trade after yesterday's downturn to 5.8k, I haven't seen the price drop until the historical falls that the pessimists were looking for. Indeed we can say that the support at 5.8k USD worked very well.
Today there are two very marked divergences, which gives me hope given the trend and other data that we can try again to break through the 7k USD.
If the set up remains linked to the link of the precedent strategy
Let's short until 6.9k is overcomed!✴️ BTC Update #BTC_Update
New day, time to take a look at Bitcoin guys! At the risk of disappointing you, the message is going to stay pretty much the same, this famous resistance zone at 6900 is still not broken and we won't open any long positions as long as it stays that way. Ok we agree on that, but what about the shorts?
That's exactly what today's update is about!
The daily technical situation remains positive for the moment but the technical indicators on the 4h horizon have given a selling signal. Moreover, the BTC has still not printed a higher high, on the contrary!
📈 Trend follower?
Still negative on a daily basis but positive in 1h and 4h.
👉 What can be done?
For the moment the BTC is in the middle of its range so nothing immediate. We are currently above a support zone between 6250 and 6290, if this last break we can open a short position to aim for a return to the 6000 zone. However, we could see a push up before dropping, around 6650, which would then be another good short opportunity.
💹 Altcoins
A short majority of the market is showing slight gains since the beginning of the session, but no strong market trend.
Stay safe guys, position sizing and risk management!
6900 Still the turning point guys!✴️ BTC Update
What's new since yesterday, guys? Let's take a look at BTC!
Last time we analyzed Bitcoin, it was around $6,350. It's now at 6436 after hitting a high of 6650. The daily technical situation that went negative again yesterday gave a buy signal on the WaveTrend again.
The 4h technical situation remains positive for the moment and we can see signs of bullish curvature on the 1h timeframe indicators.
📈 Trend follower?
Negative in the daily horizon and positive in 1h and 4h.
👉 What can I do?
We notice that the BTC is approaching the upper bound of its Kumo, if the latter is broken it will still remain the same resistance zone of the 6900. As long as this zone is not broken, we will not consider opening a long position.
If the BTC fails to break through this zone once again, a short position can be opened. This is because the technical indicators on the daily horizon are starting to approach their overbought zone and another failure under resistance could trigger a longer-term downtrend phase.
💹 Altcoins
No real trend on the whole market with a balance maintained between the alts that are rising and the alts that are falling in value.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
BITCOIN BULL CASE SHORT TERMBitcoin currently trapped in a short term channel within a larger rising channel. Still unclear what is going to happen.
My idea is that we come down to 5800 region, grab some liquidity then head off to the weekly resistance around 8000 where we will see a larger correction.
Let's go!
Rejection and bounce, 6900 need to be overcome for bullishness! ✴️ BTC Update
Bitcoin dropped this weekend from 6600 to a low point around 5900, which is our previous buying range.
The daily technical situation is now negative with a sell signal on the WaveTrend while the MACD did not cross over at all. On shorter horizons such as 1h and 4h, a buy signal has already been given on the WaveTrend.
📈 Trend follower?
Negative on the 3 main time horizons.
👉 What can we do?
Bitcoin has rebounded on its support zone again but until it passes the 6900 - 7000 resistance zone, a higher high will not be entered and the downside risk remains greater than the upside potential.
Stay cautious 😉
Enjoy our analysis!
Your 4C-Trading Team 💚
The drop was just the start, we still in a range!Hello all,
Many people said me the drop from yesterday was the most bearish escenario and now we are going to pull back up again.
This wont happen, the scenario remain really bearish and we should retest at least 5.1-5.2k zone.
We made profits with the drop from yesterday so i recommend to open positions of short again at 6.3-6.4k level
Many thanks!
Regards,
7180 in line of sight!✴️ BTC Update
Hello, everybody! Already on Friday, guys, it seems that time flies when you're in lockdown!
What's new on the market? Looking at the situation, Bitcoin today, we can see that the supposed drop to 6300 hasn't happened. That doesn't mean that it hasn't happened, and you know what to do if it does.
The daily technical situation remains positive for the time being and the BTC is moving in a short term upward triangle configuration.
📈 Trend follower?
Positive on a 1h and 4h horizon and negative on a daily basis.
👉 What can be done?
For the moment, we are still under this resistance zone but given the current configuration, it could break. We are not going to position ourselves directly at the break of the triangle but rather wait for the BTC to approach 7181 (ema 200 4h) and enter towards the 7000 level on pullback.
💹 Altcoins
The alts market is more or less in equilibrium today with, however, a little more up than down. MTL and APPC stand out with more than 25% and 15% gains respectively since the beginning of the session.
Stay cautious dear community, in your trading of course, but not only! Take care of yourself!😉
Enjoy our analysis!
Your 4C-Trading Team 💚
BTCUSD - Analysis of: 26.03.2020TF 1D:
Following the collapse Bitcoin has attempted a recovery by reversing the short-term trend, thus forming a continuous flag pattern, but in recent sessions is turning into a rectangular triangle following two attempts to break the 7,000 area.
In the last few hours buyers are having difficulty in maintaining the support of the EMA 20; a closing above the EMA 20 will lead to the 7,000 mark, and in case of a break-up the symmetrical triangle pattern with a target at 8,250 (EMA200) will be completed; a single obstacle for this target is at 7,600 at the EMA50 and the flag support line.
On the contrary, if the shorters manage to keep prices below the EMA20, we could see a return to the 6,000 area, the flag support line, with a first support at 6,400.
If the latter yields, the 2,500a target flag pattern will be completed, and we will see a sharp drop in prices with first support at 5,000, if not lower.
TF 6H:
On lower time frames, such as 6h or 4h, you can feel the uncertainty of the last few hours that has led to a flattening of moving averages and various indicators.
Apparently buyers are defending the support line determined by the moving averages; there has also been a shy golden cross between EMA 20 and EMA 50 that might go in favor of our bull's-eye view, but the Stoch RSI , MACD and Momentum indicators are ready to say the opposite, hinting at a downward tilt with the start of berish cross formation.
TF 1W:
On the weekly time frame we signal a death cross between EMA 20 and EMA 50, this is a strong wake-up call that can warn us about future long term quotation movement, this signal strengthens our bear vision at the expense of the bullish one .
On the other hand, however, the RSI Stoch is oversold and is about to form a bullish cross.
7200 to 7000 to 7650!✴️ BTC Update
What's been going on since the stream yesterday, not much, guys!
Bitcoin is still around 6800 after consolidating its rise in a short-term upward triangle pattern.
The low TF technical situation is rather positive as well as the daily outlook. On the 4h timeframe, the indicators show signs of bearish curves but without any crossover for the moment.
👉 What can be done?
Keep holding your positions guys, now we will wait for the break of the resistance zone formed by the ascending triangle and the horizontal level of the 6950 before reassessing the situation.
If this zone breaks and the BTC moves far enough away, we will enter again on retest of this zone.
💹 Altcoins
The market is neither bullish nor excessively bearish, there is a certain balance. This makes sense given the liquidity. Taking a profit on one alt causes it to fall and injecting profits into another alt triggers the rise.
Stay cautious my dear community, we are still in a particularly difficult market context.
Enjoy our analysis!
Your 4C-Trading Team 💚
7000 next target?✴️ BTC Update #BTC_Update
What can the market do for us today? Well it's very simple! Today Bitcoin can bring us confirmation guys!
Indeed, remember yesterday's analysis at the end of the session? Bitcoin was just testing that 6387 resistance level. This short term resistance is now broken with a BTC currently pushing 6850. If Bitcoin manage to close 4h above 6387, the 6950 will be the next target!
The technical situation is positive both in daily and 4h horizon.
📈 Trend follower?
Positive in 1h and 4h but negative in daily horizon.
👉 What can be done?
I hope that you are all still in position from the support zone and if this is the case I encourage you to place your stop-loss at the breakeven and take part of your profit.
For those of you who are not yet in position, we will wait for a potential 7000 test to see how the price reacts at this level. Bitcoin will correct at some point, and we will be there to enter at an optimal level.
💹 Altcoins
The majority of the alts are in the red since the beginning of the session with losses of more than 10% for VIBE, EDO and HOT.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
Crossroad once again for BTC!✴️ BTC Update
What's new after that weekend in lockdown for many of us?
As I told you on Saturday, Bitcoin had bounced back to the 61.8 zone - 65% Fibonacci retracement, a trade could still be opened but given the amplitude of the bounce (~12%), it was becoming more risky. This zone nevertheless held and the golden pocket once again served as a support for the BTC which is currently trading at 5784.
To aim higher, this zone must imperatively hold but this hypothesis is beginning to be seriously questioned.
The daily technical situation remains positive even if we can see some signs of bearish curvature on the indicators. On the 4h horizon, the indicators are bearish as on the 1h timeframe.
📈 Trend follower?
Bearish on all analysis time horizons.
👉 What can be done?
The rebound on the famous Fibonacci zone was of a ridiculous amplitude with less volume than the first time. The conclusion that can be drawn from this situation, adding the technical situation, is that the risk of a drop now becomes non-negligible.
This is why we will remain attentive to the evolution of Bitcoin in the following hours. If it breaks its upward zone / triangle, we will be able to open a long position or keep the one we have. If on the other hand this zone is broken downwards, then we will consider a short position on retesting the red zone.
💹 Altcoins?
No real trend this morning on the highs and lows, with the highs and lows balancing out since the beginning of the session with INS and HBAR dropping more than 7.5%. On the upside, STORJ stands out with more than 10% gains followed by LSK with 4.5%.
Stay safe guys! 💪😉
Enjoy our analysis!
Your 4C-Trading Team 💚
BTC Finally Closes Below Its 200-Week MA - What's Next?The BTC price has never reached a close below its 200-week MA (having come close on January and August 2015). The current weekly close is below the MA, albeit only incrementally. If we assume that the price fails to clearly reclaim it, it is likely to go down from here.
The white dotted lines outline the current range of $4200-$600, while the black lines outlined the next possible range, found at $1700-$3300. The scenario that I am expecting to play out is a touch of the bottom at the range at $4200, followed by an upward move to validate the range high and the 200-week MA.
In the alternative scenario, in which the price immediately decreases below the $4000 low, it is likely to trade within the second range, possibly creating a double bottom.
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