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Bitcointrading

BITCOIN - ABILITY To Finalize HUGE DOUBLE-BOTTOM, $35K!Hello, Welcome to this new analysis about Bitcoin and the 4-hour timeframe perspectives. In recent times, Bitcoin has disrupted the whole market development and has shown up with heavy volatilities while now it seems these initial volatilities are stabilizing and Bitcoin is attempting crucial levels from where a shift in the market has potential to show up. The Luna-Crash-Developments and the Altcoin-Market Movements have shown how volatile the Cryptocurrency Market can be and now it is time for the remaining Cryptocurrencies within the market to show how they approach further. From a fundamental perspective, the sentiment looks quite positive as during these crash developments major economic entities continued to adopt Bitcoin such as the Central African Republic making it a legal tender, luxury brands like TAG Heuer or Balenciaga accepting Bitcoin or JP Morgan Chase making Bitcoin the "Preferred Alternative Asset". As these developments have a positive impact on Bitcoin on a broader timeframe perspective it is also crucial to look at the technical side of things and in this case, I detected that there is potentially given for Bitcoin to show up with an initial relief-rally with which Bitcoin has the possibility to test remaining resistance which is still given. Although this does not mean Bitcoin will directly turn bullish on all aspects thinkable it should be considered as a silver lining to which Bitcoin can add when the developments are moving positively. When looking at my chart Bitcoin is forming this potential double-bottom which it already completed similarly once between the 22Nd of June and the 20St of July. All the elements are given within this second fractal together with the Descending-Wedge-Formation, the Double-Bottom-Structure, and the 65-EMA as the final Validation-Turning-Point: First Double-Bottom-Fractal-Structure Completed Between 22Nd Of June And 20St Of July: Now when looking at these amazing similarities in the Double-Bottom-Fractal-Structures there is a high likelihood potential given that Bitcoin has the ability to complete this second Fractal again similarly as it has done already once. Nevertheless, this does not mean Bitcoin will turn 100% bullish because although once the formation has been completed the $35,000 USDT target-zone will be in play there is still a massive resistance within this zone and as the legit Double-Bottom-Targets will be reached it can turn out for Bitcoin to just move into this massive resistance and from there on the pullback and continue its alignments onto the bearish side. Therefore, it will be highly determined on how Bitcoin moves into these zones and how it develops from there on, especially in a Middle-To-Long-Term-Approach the bearish technical scenario is still present and should be contemplated before the reverse has been validated. In this manner, thank you for watching the analysis, all the best! "If fortune is regarded as the reward of virtue, it will be regarded as the attribute of virtue." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
18
Bitcoin cycle bottom (October - December) - Target 10000 - 14000This idea works for both shorting to the bottom, and longing from the bottom into a 3 year bull cycle - as seen in previous BTC 4 year cycles. PREVIOUS TARGET : My 2020 BTC top time frame prediction was 2 weeks from the absolute top, and my target missed by 8000 in terms of price (78k lower end target vs 70k realized). That said I did take a lot of profits between 40k - 60k, to not miss the absolute top. FUTURE TARGET: Bitcoin cycle bottom estimation (October - December) - absolute bottom Target 10000 - 14000 at the lower band of Yope BTC virus channel. Combined with previous cycle 593 days estimate from BTC 2024 halvening to the bottom to find a possible bottom for this ongoing Bitcoin cycle. Personally I will look into DCAing at ~21k, 18k, 16k, 14k, 12k - just to not miss the absolute predicted bottom. I will also buy into ETH at the same time frames because they are following each other closely. I give ETH a weight of 70% and BTC 30% in terms of how heavy I plan to buy in. Will also look at coins like SAND as a buy in the same time frames. From there, BTC goes into a ~1 year sideways range, and 2 year of upside trend again, which I will be attempting to long from the bottom. NFA
BNC:BLX
by niarwoww
7
Daily range, supports and resistances ! I hope you are all well ! The range is between 30 517$ and 28 663$ we got a support at 29 743$ and a resistance at 29 852$. Be ready for the long breakout zone colored in green and the short breakout zone colored in red. Long targets are : 30 079$, 30 337$ and 30517$. Short targets are : 29 369$, 29 101$ 28 663$. Be careful in your trading and don<t forget to subscribe, I will do range, supports and resistances analysis everyday. Thanks -Frank
by F_rank_01
3
Bitcoin is bouncing off support and moving towards resistance.Hi Guys The chart shows BTC vs USDT on the 8 hourly on Coinbase. Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far. Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights. Breaking this channel with strong volume would be a bullish move. Right now we are getting a lot of side action but it will have to end at some point. What are your thoughts guys, bullish or bearish? Like if you agree. Many thanks, Casey Disclaimer: Not professional Advice
Long
by cmpkpersonal
1
BTC Update - Next Target @ $25,000The 4 Hour chart is over bought. Momentum is dying and it looks like BTC will be on its way down soon. Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it. Small bounce expected once it hits #5. Entry Between: $30,791.00 - $29,414.00 Take Profit: TP 1 - $26,736.10 TP 2 - $25124.80 Stop Loss: $31,262.00 If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽 Happy trading! Not Financial Advise. Do Your Own Research.
Short
by priitzzy
1
Btc Bitcoin technical analysisBTC remains determined to complete its pattern. Accordingly, I think of the possibility of throwing a needle in the fib 1.27 region, which I show on the chart. Most likely the price will find support at fib 1.13. But I expect a spike to fib 1.27. In this case, our price expectation may be in the range of 23K and 18K. In the previous analysis, I gave a detailed explanation on this subject. Although this decline may seem sad, it may actually herald the end of the bear season. Because all things exist as inseparable and contradictory opposites I think the next pattern will appear again as a harmonic pattern.
by CryptoBrainn
BTC forecast - Two short-term trades!Today we will consider two potential trades that we plan to trade on the BTCUSDT chart. The logic of the trading situation on the first trade: The first wave of the Bitcoin price rebound is not yet complete. The price of BTCUSDT is moving in a consolidation wedge. Buyers will try to organize another wave of growth. Entry - $29341 stop - $29107 TP-1 - $30600 TP-2 - $31750 The logic of the trading situation on the second trade: The price completed its first wave of growth within the global rebound. However, after the correction, a second wave of growth is expected. Bitcoin price is moving in a wide consolidation channel and we expect a test of the lower trend line of the channel. Entry - $27455 stop - $26562 TP-1 - $29100 TP-2 IS $31750. In this case, before entering into a position, we should calculate the probable amount of losses on the stop orders of two positions ahead. And just after that make a decision on how much of the deposit to enter into the trade. Let us remind you that now we trade counter-trend deals, which are more risky than trading along the trend.
Long
by P_S_trade
30
Bitcoin weekly support and targets ! Bitcoin is sitting on the 31 100$ mark. We are currently bullish and are looking for a breakout of the main resistance at 31 886$. Lets look at the zone of interest for this week. Its possible so a retrace the the 3 lower support 30 836$, 28 797$ and 37 136$. If we Break the around the 32 000$ , we look for bullish action. Target 1 : 33 831$ Target 2 : 35 535$ Target 3 : 37 861$ Be ready for movement and be careful the market is very volatile these days. - Frank
by F_rank_01
LONG-TERM BITCOIN PROJECTIONHi Guys We have possibly hit the bottom and here's an idea you may find very interesting that could predict a rough route Bitcoin could take to see new ATH's. THE LONG ROAD AHEAD First off the chart: KRAKEN; WEEKLY; BTC vs USDT. The red, yellow and green lines represent areas of support and resistance. The pink dotted line represents a 50% price point between the ATH and the recent low (possibly ATL for 2022). Th blue horizontal Line represents the lowest weekly close since 2021. The White lines represent a price projection. Unless you've been living under a rock, you would of heard about the Wyckoff Approach, which outlines how massive financial machines buy up or sell off assets. I found an interesting Reaccumulation Schematic. (See Reaccumulation Schematic 2 in the website bellow) halotrader.medium.com This schematic shows very similar price movements (so far) with the weekly price action of bitcoin. Not 100% of course but similar enough to compare. I traced the exact lines onto the chart and came up with this scenario. I'm 100% confident the exact lines will NOT be followed but COULD be a helpful guide to judge price direction. Please Like if you agree and comment with your thoughts. Many thanks, Casey DISCLAIMER: NOT PROFESSIONAL ADVICE.
Long
by cmpkpersonal
1