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Bitcoinpricetrendanalysis

Bitcoin might breakdown in Short Term. Stay Cautious!As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level. For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for short-term. Support levels in short-term are marked. In what direction you think will Bitcoin play? Comment down. For my detailed bitcoin analysis, check Muneeb. #SyedMuneebAli
BITSTAMP:BTCUSD
by syedmuneebali
1
BITCOIN MY FRIEND WHERE WE GO??Folks, Morning here we are with a fresh update and a beautiful new day... Do you still sit comfortably in your seat reading the charts??? haha I do.. Look at the bigger picture we are still bullish and on the daily chart we see a test of the 200 day MA.. The 4 hour chart do we have a close above the resistance line and we are going to test this line now.. I see some BULLISH reversal signals... But we have to be cautious because nothing is evident until it is proven to be so in Technical Analysis.. At least we see a Piercing line candlestick pattern (BULLISH).. This pattern will be confirmed when we close above the big candle as I have drawn.. BUT when I look at the RSI and momentum.. We make lower highs and are about to test support levels at these oscillators.. Wise thing to do is to look at your stop losses in your trades and otherwise keep calm...
BITSTAMP:BTCUSD
by MoneyMakingMuro
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 !
COINBASE:BTCUSDLong
by sachi_diary
Christmas Presents BTC/USD #Bitcoin $BTC #btcHello , here we see our Bitcoin weekly chart from Bitstamp with the long view ! All the way from 2012 to present market . And you can clearly see the channel we have been in with the black lines on top and bottom . During Bitcoin's last 2 Bullrun cycles it touched up to the top of that line at some point and there is no reason why it shouldn't do the same this time . Why ? Because this is a channel that has held for many years now - it's a long standing and strong indication of possible targets for Bitcoin price later this year - possibly in December 2021 . What are the possible targets ? Well if we touch up to that black line in early December where that pink X is we should actually be over $250000 per Bitcoin. A 250k or more Btc ! Not guaranteed obvioulsy , but it definitely would be a lovely Christmas present ! Have a great day everyone .
BITSTAMP:BTCUSD
by shimmeringpath
13
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/02/23Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview Price Action: Bitcoin, as well as the overall cryptocurrency market, experience huge volatility and sell-off yesterday, causing widespread market panic. In today's post, in addition to our regular daily trade setups, I want to touch on the overall trend and market structure. Patterns: N/A Areas of Interest: The area(s) of interest for me are the 200MAs @ $54.5-55.5K and the lows @ $47.6K. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Market Structure As a result of the huge selloff yesterday, some are questioning if the bull market has ended. I will propose three potential scenarios and my opinion on the likelihood of each: 1. The bull market is over(10%): The bull market is over and we are going to correct 60-80%+. 2. The correction will continue(30%): Bitcoin will have a larger correction like the one it had from $42K to $29K, and the projected bottom of this correction is ~$40K. 3. The correction is over(60%): Bitcoin has reached the bottom of this correction at $47.6K and will either consolidate for a period of time or bounce up from here. In the chart on the left, I show scenario 2 where we have another correction of ~30%. Looking back at the 2017 bull run, we had 5-6 corrections of 30-40%, and while history doesn't repeat, it often rhymes, and I expect this bull run to have multiple corrections before finally reaching a parabolic top. This is one of the reasons why I currently believe that the bull market is not over, and thus I am currently not touching my hodl portfolio. Trade Setups Below are the potential trade setups that I would be interested in trading: Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $47.6K, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Short Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $54.5-55.5K by the time price reaches it, and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out My Recent Trades 2021/ 02/012:I had a losing trade. I entered into a long @ $47,810, SL @ $46,647, and trade hit stop loss. 2021/ 02/04: I had a winning trade! I entered long @ $$36,819.0, SL @ $$36,528.0, price reached a high of $37,783.8, giving a risk reward ratio of 3.3:1. 2021/ 01 /31: I had a winning trade! I entered long @ $33654 SL @ $33292, price reached a high of $34220, giving a risk reward ratio of 1.6:1. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
4
Failure Is Not An Option in 2021 BTC/USDT #Bitcoin $BTC #cryptoHere we see our Bitcoin daily chart from Binance . You will notice a blue line that shows where our previous All Time High was from 2017 near 19800 . Will Btc repeat it's performance from last time and rise almost 18 times up ? Why 18x ? Well back in early 2017 when Bitcoin revisited it's previous All Time High from 2014 near 1100 that ended up rising about 18 times up to 19800 at end of 2017 . We just revisited that 19800 high in December 2020 and we've blown past it . If we went 18x from there , where would that take us at end of 2021 ? Well 18 times 19800 is 354600 ! Could that even be possible ?? I don't know . We could be seeing diminishing returns here as Bitcoin matures but even 10x up from our previous All Time High would take us near 200k . And that would be excellent too ,if it happened. Let's see where this goes . See attached idea regarding Bitcoin's last Ath.
by shimmeringpath
3
Big profit - done! BTC/USDT (CME FUTURES)Hello dear traders. Yesterday's analysis and recommendation gave a good profit. There is no magic here, only numbers and only CME. See how exactly the price hit the CME lows! I expect a fall further, since there are global CME targets, We have a non-closed gap, and the preponderance of the price movement up / down - 29/15 Update $ 10,000. Yes, I have one negative position. All my statistics are in the public domain, and here each of my positions is confirmed - both its goals and achievements. I am not describing the whole analysis of my positions here. After all, here, I cannot quickly react and describe my every action.
Short
by UnknownUnicorn13204076
BTC 4h The last meters to the finish line of insane growth.Steadily and confidently buyers broke the range $15,700-15,800 and continued the movement of the BTC price to $16,480. Even with increased volumes, sellers cannot change the current situation. The price rises in an unusual manner (impulse, consolidation - impulse). The critical point of the growth trend has moved from $15,400 to $15,960. Given the slow price growth with local rollbacks, sellers may test this mark. And at this mark the future trend will be solved: Will there be buyers recharging and whether they will test for strength the level $16,775. Or they will break down on larger volumes, than with high probability, will begin the trend change. This weekend is a chance for sellers to seize the initiative. And most likely sellers will try. It is evidenced by the uncertain exit of the price from the 4-day consolidation below $15,800. On the dominance chart, the figure reached 65.99%. But yesterday's daily candle closed at 65.23%, which began to hint that interest in BTC may sharply fall from next week. For altcoins , it is important that possible BTC correction occurs without sudden movements. In this case, there will be a possibility of continued growth. Otherwise, we doubt that frightened BTC investors, in a panic, will start buying other coins instead of sitting out in fiat. And how do you see the current situation? Is it time for BTC to take a break from such a growth marathon? Write your opinion in the comments and leave your charts! ___________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
2
Bitcoin Price Analysis: BTC Bulls Regain Control Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital level are also becoming apparent. From a technical perspective, the Relative Strength Index (RSI) suggests that the trend is in the hands of the bulls. The RSI has stepped above the midline. Moreover, it is pointing upwards, signaling the potential BTC has in the near term. It is important the Bitcoin holds above the moving averages. Otherwise, if the parallel ascending channel confirms a bear flag pattern, BTC could succumb to another selloff before recovery takes precedence again.  The low trading volume experienced hints that a sizeable number of buyers are not convinced that Bitcoin has the ability to sustain the uptrend. Consequently, IntoTheBlock's IOMAP model reveals that the road to $12,000 is bound to be a challenging one. However, the toughest resistance lies between $11,586 and $11,914. Here, 1.05 million addresses previously bought 737,540 BTC. A break above this zone would give Bitcoin a quick boost past the psychological resistance at $12,000. On the downside, the bellwether cryptocurrency is sitting on an area of immense support. For instance, the demand pressure between $10,582 and $10,910 is strong enough to absorb most of the selling pressure in the event of a rejection from current price levels. Here, 1.42 million addresses previously purchased 1.03 million BTC. Therefore, Bitcoin has a challenging path towards $12,000 but support is also strong enough to hold the price from plunging massively. Consolidation will most likely take precedence in the near term, to set the ground for more gains above $11,000. Bitcoin Intraday Levels Spot rate: $10,901 Percentage change: 1.15 Relative change: 124 Trend: Bullish bias Volatility: Low
COINBASE:BTCUSDLong
by CoinGape
1
BTC-XBT/USD If you haven't been following me...Hey there Crypto Lovers, This is another post up by Crypto Gavin. Hope you are all doing well, cause Bitcoin is. If you haven't seen my first post with the next many months worth of predictions in it you need to go back and check that out and look at the difference between then and now with the graphs. I have removed a lot of the text bubbles as we all know what exactly they are. They are the time markers corresponding to the key dates in 2017's bull run and bubble pop. As you can see we bottomed our downward trend just before Christmas, and as of the 5th of January (which would mark the confirmation of the bubble pop in 2018) has signified the bullish strength that i have been looking for in this market for quite some time now. And look at what we have had, 3-4 days worth of Solid Green Candles launching Bitcoin from the $6750 all the way to the top of $8450! I had my longs in and i hope you did too. Trust me 3x-5x leverage is plenty when you consider the gains you see overall. DONT OVER-LEVERAGE YOURSELF AND GET STOPPED OUT EARLY OR WORSE... LIQUIDATED. The Trend is your friend until the end. My Trends have been i would say damn near perfect for 6 months straight. Drops down to the $8050 mark which would be the low end of support that we would like to see and that hold strong and this trend is looking EXTREMELY BULLISH. Drops down to the $7750-$7950 range would indicate some weakness in the volume and market overall as it would show almost all purchases and trades are being done by HFT bots. Seeing that we are sticking above the $8300 range for now is holding very nicely but do note that our RSI is overextended now sitting at around the 79-80 mark, 70 indicating overbought. What i would like to see is this trend cool off a slight bit, give the RSI a chance to come back down into a neutral level while going sideways for a while allowing any profits to be taken by bigger investors plus new orders or dollar cost averaged orders to be filled before a next leg up. I have 3 long orders set from the $8050 mark to the $8300 mark to be filled if we do decide to dip that low that will give me a roughly 3.5x Leverage on the trade and a liquidation point at about -$4k below current market price. Dont be left out riding that Short Position all the way to Liquidation Town next to whiners-ville. Close it up and Put that Long in because we are in for the next Bull Run! I will attempt to get another post out every week to keep an updated chart going for you guys. All the Best, CryptoGavin (Remember all of these statements are to be used as educational content and not to be used in any way shape or form as financial advice. I am not a financial advisor, although i do most likely know more about Technical analysis and cryptocurrency than your financial advisor haha)
BITMEX:XBTLong
by Gamblers_Paradise
2