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Bitcoinscenarios

Has BTC Bottomed?IMO BTC looks like it possibly has formed a double bottom or "W" shaped bottom, at least in the short term. BTC still has a lot of work to do if it is going to reverse the slide it has been in for over a month. To be honest, I can't say for sure that this is the bottom and from here BTC will only go higher. As I said, it may only be a short-term bottom just like the multiple bottoms BTC started forming just before Christmas through the end of the year. After those bottoms, BTC did move higher but failed to clear my resistance zone and reversed heading lower again to where we are now. This could well be a repeat where BTC recovers from these lows but at some point fades and continues the downtrend to even lower lows. Long-term I remain bullish on BTC but short-term I am sort of neutral until I see BTC start building some real momentum. I am looking to add more BTC to my position and would like to (obviously) get it as "cheap" as I can so I will be watching this play out very carefully. Depending on how the price action looks I may start making small purchases later today and if BTC can push through and stay above my resistance zone I will continue to add even more.
BITFINEX:BTCUSD
by Bigsky_Crypto
BITCOIN 4 variants of Priceaction!!!Hello Traders! Notice you, that near future BTCUSD has minimum 4 variants of possible priceaction. Correction phase, is not over & still in power! Plse, be care youself! PT's choice - "Short term target": 15000$. "Middle term targets": 19000$ - 20000$; "Long term targets": 27000$, 30000$, 40000$. Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. Join us! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:BTCUSDLong
by POWERFUL_TRADERS
BITCOIN Elliot Waves Bull CycleBTCUSD in big Elliot Wave channel, I expect Continuation of the Fall to support line (we in wave 3-4). On chart you can see Blue Triangle Patterns, they are indicators of further movement. In case if Triangle Break Down - look at buy areas below and use money management: First Buy area: 10500-11500 (buy 40% of free USD) Second Buy area: 8200-9400 (buy 100% of free USD) When to sell Bitcoins? My selling strategy using money management: Sell targets: 20000 (sell 10% of free BTC) 24800 (sell 20% of free BTC) 31400 (sell 30% of free BTC) 38500 (sell 50% of free BTC) 50000 (sell 100% of free BTC)
BITFINEX:BTCUSDShort
by ArShevelev
108
BTC - Rising ChannelBTC is clearly trading in a rising channel, I had previously published a chart showing BTC forming a rising wedge pattern but I really should have given the pattern more time to form before publishing that chart. The pattern has progressed to where it is definitely a rising channel. Rising channels although short-term bullish, often form during downtrends as a continuation pattern. We will have to see if this is indeed a continuation pattern and BTC resumes the downtrend or if BTC is able to build momentum and continue to move higher.
BITFINEX:BTCUSD
by Bigsky_Crypto
BTC - Big Test AheadIMO BTC will face a big test through the next $1500 rise in price. It looks to me like there is significant resistance from about the $16,000 area up through the $17,500 area. I believe if BTC can push above $17,500 and even clear $18,000 it will have built enough momentum to return to $20,000 in short order. I would also really like to see the volume building as it moves up from here. My feeling is that if BTC can break through this resistance and test $20,000 again, this time it will push through $20,000.
BITFINEX:BTCUSDLong
by Bigsky_Crypto
My Bitcoin Scenario'sFor the time being, we are in a short-term uptrend but IMO we are still at risk of rolling over and heading lower again. As you can see by the chart below (3rd chart), the price of BTC has, for the most part, followed on top of the 10 Day EMA, with only occasional dips below the 10 and 20 EMA during corrections. Typically the price has recovered and moved back above the 10 Day EMA within a fairly short period of time. So what I would really like to see now is as I said above for the price to break through the resistance I see in the $16,500 to $17,000 area and to regain its position above the 10 Day EMA. If Bitcoin can achieve this (scenario #1), then I will have confidence this pullback was nothing but a short-term price correction just as we have seen many times in the past. If instead Bitcoin struggles here and lingers below resistance in my opinion at best we could be looking at a longer-term consolidation period (which is healthy). Or worse case (scenario #2), we could see the price roll over and head lower again possibly even down to the long-term trend line #2 (around $8000). My gut feeling is that scenario #1 will play out but that is just my personal opinion and even if scenario #2 is where we head, long term I am still very bullish on Bitcoin.
COINBASE:BTCUSD
by Bigsky_Crypto
BTC Returns to Long Term Trend line On the 8th of this month, I published a chart for Bitcoin showing how in my opinion Bitcoin had pushed way too far above the moving averages and also the long-term trend line. I explained what I thought the price of Bitcoin would do in the short term, I expected either a sharp pullback or a sideways consolidation period which would give the moving averages time to catch up and also bring the price back closer to the long-term trend line. Well, this week we experienced a correction of Bitcoins price culminated by a big down day yesterday. As a result, the price of Bitcoin has returned to the long-term trend line (for now). Moving forward your guess is as good as mine as far as where we go from here. I am impressed with the strength of the recovery so far but from what I see there is significant resistance in the $16,500 to $17,000 area, so I will be even more convinced that this recovery is real if we can push through that area. For the time being we are in an uptrend but IMO we are still at risk of rolling over and heading lower again.
COINBASE:BTCUSD
by Bigsky_Crypto
2
Perfect bitcoin trend analysis for correction following 17kBased on bitcoins previous corrections we can easily and precisely find the location of our current correction. Although this is being posted prior to bitcoin reaching its ultimate bottom investing now would still be worth while. As you can see the next bottom point following the current, and passed correction is at the same angle. Thus a line is shared among both of them. Please share this with your piers as I bealive this is the answer to investing on our current correction.
BITSTAMP:BTCUSD
by BrokerNorthrup
6