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Bitcoinpriceprediction

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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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.
BITFINEX:BTCUSD
by cryptototrade_official
2
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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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 💚
BITMEX:BTCUSD.P
by ArnJuDQ
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 $4000 low, it is likely to trade within the second range, possibly creating a double bottom. Please leave a LIKE if you enjoyed the idea.
BITFINEX:BTCUSDShort
by BitcoinMaximus1
2
Patience is KeyShow me the chart and I will tell you the news! Covid-19 is a serious issue and as such we all should take proper care to make sure we don't get it first but also that we do not spread it should you God forbid catch it. That said, I don't think this drop had anything to do with Coronavirus fears as the chart sort of speaks for itself in my opinion. But according to some indicators the recovery from this drop may be slow and that's where patience is definitely key! Just stay in it and watch it fly even if not immediately. :)
KRAKEN:BTCUSDLong
by Alex_A74
new prediction after calculating the new factors in the marketI had to change my prediction due to the fake volumes which been added by Chainx.kr , omgfin.com and seems like few others their market manipulations caused my algorithm to be less accurate then it used to be , its still over the 65% but it was over 82% , 5 weeks ago . by adding the fake volumes and detect similar types of market manipulators them to the calculation i think the Algo can be more accurate, and i think i can predict their future movement
BITFINEX:BTCUSD
by abcjamesD
When to buy Bitcoin?Bitcoin is going through a correction after a rejection happened yesterday at 9200$. Now the question is when to buy bitcoin at what price point? Let's analyze 4H timeframe: - Bitcoin broke down from rising wedge yesterday, rising wedge neckline should act as resistance for a further drop. So we need to see how price reacts when it tries to break above 8800$. -IF Price rejects at 8800-8900$ then, it will make a lower high on the lower time frame, and that could be followed by lower low later. -We can also spot another rising channel trendline inherited from 6850$ when price made a Higher low and broke out from bearish structure by making high later on. -Trendline support is at around 7800-7900$ which should act as strong support for bitcoin. Elliot waves count An impulsive move from 6430$ looks like the starting of Major wave impulsive wave -1 which can be divided into 5 sub-waves. First subwave: price rose from 6430 to 7660$ Second corrective wave: price corrected to 6850$ third subwave: price rose from 6850$ to 9200$ Bitcoin is currently into subwave-4 of major impulse wave-1 which could correct the price to sub 8000$. Support levels to watch out for bounce: 7800,8200$ and 8500$. Bitcoin can bounce from any of these areas and continue the bull trend. As the Chinese new year will approach this week, we might see a brief consolidation for 1-2 weeks, and that should be the best time to accumulate bitcoin for halving rally. Trade Signal: XBTUSD Entries: 7800-8200$ Exit: 12000-13000$ STOP: 7400$
BITMEX:BTCUSD.PLong
by HiteshMalviya
4
Bitcoin flipped bullish on weekly chartLast week was much productive for bitcoin: price rallied to 9200$ and then dropped to 8400$ followed by a huge sell-off. Despite sell-off on the last few hours of the week, bitcoin managed to close the week above the PREVIOUS week high at 8600$. 8300-8600$ should act as weekly support for now for bitcoin for bullish continuation. Bitcoin also closed the week above 21MA - the first time since March'19. Looking at MACD, we can bitcoin is just about to have a bullish crossover on the weekly chart, which indicates a multiweek bullish continuation. Bitcoin may slow down a bit a consolidate in 7700-8500$ for next 1-2 weeks because of Chinese new year holidays, but overall things are looking pretty bullish for bitcoin - and the price could rise above 13000$ before halving.
BITSTAMP:BTCUSDLong
by HiteshMalviya
Bitcoin has a date with 200 DMAHi guys! Based on my previous analysis Bitcoin has reached critical resistance point. Bulls have still power but we need to wait what is gonna to happen now. Breaking 200 DMA will move price of BTC to 9500 hard resistance (mirror level) - I would say to the line between bull and bear market. As I mentioned before If it stays above 9500, we will never go back below previous years lows. If Bitcoin failed to break 200 DMA, bear market could continue.. Take care! -DP-
BITSTAMP:BTCUSD
by DataPatron
3