Bitcoinscenarios
Bitcoin - Not worried about a sell now - Adding to BuyI'm very much bull on bitcoin right now - not only from a technical standpoint, but also the fundamental standpoint.
Strictly from the technical standpoint bitcoin is crossing above the 9 day MA and she's been hugging the 50 day MA pretty well (squiggly pink line) - The straight blue line is the long term uptrend I've been tracking since last year, so I feel it's fairly safe to put my stop under there. The 200 day MA is still below that (red line) but I don't feel we're going to see that.
The RSI is turning up above the 60 level - the MACD just made a cross up into the positive territory as well. And the stochastic (the funky red and Green lines under the RSI) are saying we should be due for some more upward motion.
Chart here:
Now, fundamentally, there's lots of things going on in the background that could push bitcoin higher - Ant is looking to buy MoneyGram - if that goes through I'd expect bitcoin to make quite a jump. Even if it doesn't happen, there's so much investment in the blockchain I don't expect any sudden sharp sell offs any time soon.
weekly bitcoin channel to 2023if we stay in this channel for the 6 years this is how things might look....
highly speculative chart.....
Long live Bitcoin, last call before climbing that canal.As usual, beware downward breakout, especially considering the news and the ethereum stelaing the hype lol, but bitcoin will always remain bitcoin, should have a place in a trading portfolio.
The double bottom is pretty nice, I think it just want to confirm the 1000 cap, as for the target, once again how long can you wait before closing position, if you can wait until top of the canal and beyond well,that's the real challenge, but that's the spirit of swing trading otherwise take it until you feel the up trend is heading toward retracement and retake position a little bit downer.
Cheers all cryptotraders out there :)
Bitcoin appears to be rebounding Bitcoin had a pullback and I see a good setup with a bullish engulfing bar. I also get a signal with my Buy Sell indicator which works very well with candle patterns
BITCOIN PRICE FORECASTPlease do not trade this without your own TA. I hope that this can help with target pricing :> Forecast is made using simple S/R and measures.
I have yet to explore the possible downside of this , so I will confess that this is very bias.
Descending broadening wedge pattern [4H]Short where you want, long where you like to.
Last down move could be coming. Shorts may work out. However, if you've followed my previous chart which had shown all the possible role reversing level ( Resistance into support ) We've just touched the line and going back up again. I've known some traders bought in at the 1000s Level and you might want to hold even though we are seeing lower highs for now.
Bitcoin's Bull FlagBTC is lil weird to trade right with the ETF news.
But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way !
Good trading lads.
A change in perception or a Sell-off postponed?Bitcoin broke the A-wave selloff level, signalling that we aren't done with higher prices quite yet. However, volume is peeling off and we are still trading the RED band, meaning that the sell-side cant be ruled out quite yet.
Maybe just maybe... red arrows?I think it's realistic to say we'll see price reach 675-700 before heading up again. If you are long already, just hold your positions and be patient.
Possible scenariosMaybe just maybe.. red arrows? I think it's realistic to say we'll see price reach 675 - 700. It will most likely create a wedge and consolidate for a while before heading up and making new highs.
BTC Weekly Candles Shows Upcomming CorrectionWeekly Candles have stopped making big wicks,
we are up for a correction ?
Jurik's RSI (smooth rsi) also shows overbought levels and
after every bull phase, btc has correction so i guess we are going to go sideways
and then a dump maybe and then form support and hit 6000 levels.
Bitcoin the FutureBitcoin is heading to 1000$ everybody knows this, thats why this trade is risky.
The cloud is my protection; my stop loss
Hope you enjoy the upcoming fun.
[BTC] Short termHope that this will help decision making. All TAs and FAs welcomed in the comments as always. My previous 5 month old noob EW wave count was aiming for 900 USD region and then changed to 800 USD. CHEERS !
