Get started

Bitcoinscenarios

The BTC (Crypto) Bear MarketBitcoin and the crypto market as a whole have been in a bear market ever since the Dec. 17th high. How long will it last? Where is the bottom? The truth is no one knows for sure, all we can do is look at the charts and to be honest come up with an educated guess. IMO I don't think we have bottomed yet, I would not be surprised if BTC made a 100% Fib retracement and retested the low set on Nov. 12th. As we have seen so far, where BTC goes so goes the rest of the market so IMO it will be a while (weeks/months) before we see an end to this bear market. Long term (years) I remain very bullish on the whole crypto market, IMO what we are experiencing right now is a very healthy thing for the long-term sustainability of the cryptocurrency markets. I am sure that many of the critics who have called cryptocurrencies a fraud, Ponzi scheme or said they are just a bubble like tulip mania which will eventually pop are celebrating this price correction. As I stated in the blog post below, these individuals are using the bubble label too loosely, most likely in an attempt to discredit the cryptocurrency markets. IMO a true bubble is driven by nothing but hype, the asset really has zero value and when they pop there is no recovery, its lights out - end of story. Just looking at Bitcoin alone we have seen numerous times where the price has run up to (at the time) extreme levels only to experience severe pullbacks. In every one of these instances if you had bought after the pullback you would have done very well, this just does not happen with true bubbles. Hell, if you had bought at the top of any one of these "bubbles" you also would have done very well, again that wouldn't happen if it was really a bubble! When all is said and done I believe the same will be true of this price pullback, at some point it will be a great buying opportunity. So no matter how bad things seem right now IMO this is a time to be creating your shopping list because this very well may be the sale of the century. saveandinvestforyourfuture901.blogspot.ca
BITFINEX:BTCUSD
by Bigsky_Crypto
Bitcoin — The only analysis you need. Harmonic AB=CD in play. Chart is more important then words: We have ideal ABCD harmonic pattern. Using Fibonacci retracement tool on leg AB, the retracement BC reached the 0.618 level. The line CD should be the 1.272 Fibonacci extension of BC. The length of line AB should be equal to the length of line CD. The time it takes for the price to go from C to B should be equal to the time from A to B. RSI shows bulls signal. MACD reversing on daily chart. Volume will be increasing this week. "Buy Bitcoin." Invest in alts, good luck ;) "Time is more important than price. When time is up price will reverse." William Delbert Gann PS: Check Related previous Bitcoin and Educational ideas:
BITFINEX:BTCUSDLong
by ArShevelev
40
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