Bitcoin Trend Directions - Aug. 25th, 2021Bitcoin neared the highs of my previous zoning so I decided to take another look at possible entries for both longs and shorts. The picture should be fairly self-explanatory; the white zone is where we currently rest and we wouldn't enter here because we want to try to catch momentum, the red zone is where we can start to place sell orders, and the green zone is where we can look for placing buy orders. The blue zone is something new I added, because I'm personally looking for longs on bitcoin at the moment, I wanted to extend the zoning into other potential target areas to add to profits. I use multi-timeframe analysis so my high timeframe bullish support price is actually as low as $42,300. If a trader chooses to trade on a lower timeframe then I would personally look to only follow the direction of the current zone that price rests in, this will help attempt to keep the trend on your side and can better assist with catching momentum. Analysis referenced the daily and 4h timeframes. Keep in mind that none of this is financial advice, I do not claim to be any sort of financial/trading advisor, expert, mentor, etc. I only post my personal analysis for entertainment purposes.
My previous bitcoin zoning can be seen here: and the results can be seen here (with slight adjustments to the zones for better entries on potential retests):
Bitcointrend
Bitcoin Hitting $44,000: Watch The Market CloselyEver since the middle of the week, bitcoin’s price has been on a roll for most of the time. It recovered thousands of dollars in days and reached $40,000 on Thursday.
In the following days, bitcoin reclaimed $40,000, but this time kept climbing. The leg up resulted in reaching $44,000, which became the highest price tag in almost three months since the mid May crash.
As of now, BTC has retraced by a few hundred dollars but still stands above $43,000. Consequently, its market capitalization has risen to north of $800 billion for the first time in months.
Feel free and get in touch for more updates, signals and trade alerts
The B word conference is not enough to pump BTCElon Musk, Cathy Wood, Jack Dorsey, are all very notable names, however, they still do not have the capabilities of pulling BTC out of a bear market on video conference alone. A crash is necessary and inevitable, what you see is temporary, and this pump is only going to be short-lived.
BTC /BUSDTrendline to keep an eye on to confirm we are back to the uptrend.
Also, the key resistance is still at psychological 60s.
I am not into any trades with BTC at the moment, especially not with leverage.
Just observing.
Bitcoin trend updateas I have marked on my idea if breach down 53k we gonna roll down to 52 but after that, it's 51 waiting for us. if you see my rectangle after one breakout, it gonna go down sharp but, there is no reason for it and as I imagine, bitcoin gonna range max one day between 53-55,5 until one good break that shows the future bitcoin days. there is no reason for a fall so I think it gonna range for some hours and after that gonna breach upwards forward to 57k and maybe sharp forward to 61,5 k. every number in this text is approximately number for a nearly exact number check my chart.
Bitcoin Medium Term Outlook (March and April 2021) - UpdateThe price has been beautifully sewing up and down the uptrend line. The coming moves have been forecasted using extrapolation data from the previous oscillations around the trend line. Based on the analysis I am expecting the price to retrace to 128 daily ma in mid to late April and hopefully get support and bounce of the moving average.
Bitcoin Medium Term Outlook (Mid Feb to Mid April 2021)The price has been beautifully sewing up and down the uptrend line. The coming moves have been forecasted using extrapolation data from the previous three oscillations around the trend line. Based on the analysis I am expecting the price to retrace to 128 daily ma in early and hopefully get support and bounce of the moving average.
BTC/USDT - 1 TRILLION $ Hello dear friends.
I want to congratulate each of you, as we are the first of those who see the history of cryptocurrencies.
Bitcoin has reached $ 1 trillion, and the price continues to rise, according to my analysis.
Congratulations to all on a good profit.
Although, there was a moment when I was wrong.
We look forward to continued growth, stop loss at breakeven.
You can find more profitable analyzes and analyzes on my channel, link in Bio
How High will BTC reach? How long this Bull-Market will go for?How long this Bitcoin Bull-run will keep on going for? Couple of days, weeks, months?
How high will Bitcoin reach on this Bull-run? 60k, 95k, 140k?
Well, this is a chart with some good data for the Brain. Put the emotions on the side and try to answer the questions above!
And ya, I do not know.. Just good to look at the MACRO levels in such a market and following the trend till the end!!!
Chart legend:
Annotation:
Blue Flag: Weekly closed on ATH
Green Price Label: New ATH
Lines:
Yellow Vertical Line: Bitcoin Halving
Blue Vertical Line: Weekly closed on ATH
Green Vertical Line: New ATH
Ranges:
Green Date Range: ATH Weekly close –to– New ATH (Bull Run)
Red Date Range: ATH –to– Weekly close on New ATH (Bear/ correction/ consolidation/ accumulation/…)
Yellow Date Range: Halving –to– New ATH
Blue Price Ranges: from weekly close on ATH –to– New ATH (Bull run %)
Fib: ATH –to– Higher low (ATH to Lowest price in each Red cycle)
BITCOIN FALSE DOUBLE TOP CONFIRTMATION?!Bitcoin make double top in timeframe 45 and some other tf. and its not yet confirm if the price will going down because there is a false break from 2 bar ahead.
There is 2 strategy will i show by my analyst.
1. the price only make little correction and continue to go down if the price hit support line or lowest price from false break candle.
2. the price will bouncing in the area between support and resistance
yeah, that is my forecast and strategy where the price go and there's many unexpected event like the price will going high/down immediately because of sentiment or other correlation thing.
share your analyst/suggestion down below so we can discuss more about this crypto 😍.
Bitcoin - will the new ATH? (Be carreful) BTC/USDTHello dear friends, I will not write much, because now there is no sense to describe what is already visible on the chart. I just want to warn you about the possibility - a double top.
But since our previous plan is working out, while we are working on the situation.
My yesterday's scenario of a fall did not work, as I expected, yes, of course we took 950 points/$ of profit, but I misjudged the situation then.
P.S We could have made more.
All description in comments.
Bitcoin - 3 months open trade: profit - 12385p/$ - loss 13950p/$Hello dear friends.
Today I, together with other participants who trade with me on private trading ideas, summed up the total for 3 months.
Every trading day, every position, and the loss recorded in my e-diary. (For everyone who wants to see this - write to me in messages) I will send you all the information from this.
Second, today in a private trading idea, we opened a long position from 32000. And Ilon MASK helped us with this. It NOT ONLY launches rockets in space well, but also launches a Bitcoin rocket.
But We work within the day, and yes, yesterday for 9 open trade deals, we got a small minus.
I very well analyzed the situation with bitcoin yesterday, but I was afraid that you would not lose - but we went to breakeven, as the previous long overcame the loss.
Today I decided to suspend open trading, because during all this time, you could be convinced that we earn more than we lose.
Every position, every my entrance, analysis of the situation - All this happened before your eyes.
Today is the last day of open trading, because other traders who trade with me in private ideas have made a riot on the ship. (after all, I began to provide more information in the public domain)
Therefore, if you want to follow me further, write to me in private messages. I will give you all the information there.
Watch the levels, trade wisely, now I have nothing to add, since all my previous analyzes (except for shorts) are worked out in the right way.
All targets are reached one by one, and I think the time of great Volatility has come - be careful.
Bitcoin - Big profit in long positions - achieved. BTC/USDT Let's do an open trade marathon ???
Write in the comments if you want to see the marathon of open deals that I will conduct.
Exact entry, target and stop loss?
Hello dear friends
I want to congratulate each of you who made the decision to follow me again.
We have reached 3 targets, which were our priority.
I would like to inform you, right away that the traders who trade with me in private ideas and I tried to open a short position.
It was dangerous - and yes, it did not justify itself , since after the price returned to our level, a candlestick was formed - Hammer at 1h TF (which indicates the continuation of the trend)
Having made a reverse position with an increased lot, we again collect a profitable fruit, and the expectation of a breakdown of 40,000 as well as reaching our goal of 40,900 - let's take a look.
Bitcoin analysis using Trend Buy and Sell (TBS) IndicatorTBS indicator signaled buy at price of $9,153 the week of 8 Jun 2020 after getting into the bull phase by crossing over 50 weekly ma and holding 21 weekly ma. On the week of 16 Nov 2020 Bitcoin signaled sell at the price of $17,724. That is 93% profit trade without cherry picking the bottoms and tops. Based on the indicator I am expecting a pull back in next 2 to 4 weeks into the buy band and then continue higher.
A brief description of TB is given below.
TBS identifies trend based on price cross-over/cross-under to a moving average. Confirmed Up-trend is displayed in green and Down-trend in red backgrounds. Before a trend is confirmed price cross-over is displayed in blue and cross-under in orange backgrounds. Once an uptrend is confirmed, TBS suggest buys based on touch downs to a Support moving average by a green arrow under the candle . A sell is suggested by TBS by a red arrow on top of the candle when the price reaches a certain percentage above support moving average. Motivation and Tolerance levels are provided to fine tune buying and selling signals.
Example: Default settings for BTC Weekly charts are Trend Moving Average = 50, Support Moving Average = 21, Motivation Buy = 10, Tolerance Buy = 5, Motivation Sell = 50 and Tolerance Sell = 90. That means in uptrend identified by green background every time the closing price touches 10% higher than 21 week moving average value TBS suggests buy, so a trader can choose to buy 80% of intended position at this level. If the price continues to drop down and touches 5% below 21 week moving average, a trader may choose to buy another 20% at this level. In the likely scenarios of price hike from here a trader may choose to sell 80% at the Motivation Sell level 50% higher than 21 week moving average. If the price reaches Tolerance Sell level at 90% higher than 21 week moving average a trader may choose to sell remaining 20% of the position.
Note 1: TBS suggest Buys and sells but the execution of buy and sell is up to trader's discretion for example using Stop Buy order or Limit Buy order etc.
Note 2: TBS is designed to be a medium to long term indicator for example weekly and monthly timescales. Traders might find it useful on shorter term time-frames but its not designed for short term time frame in mind.
Note 3: Most of the parameters in TBS indicator are configurable as Trend Moving Average and Support Moving Average vary significantly across assets. Default parameters are set for Bitcoin Weekly time frame. Traders should play around with parameters to find best fit for Trend Moving Average and Support Moving Average for the asset of interest. For example TBS is very relevant and useful for Gold Weekly time frame with Trend Moving Average = 100, Support Moving Average = 30, Motivation Buy = 1, Tolerance Buy = 0, Motivation Sell = 11 and Tolerance Sell = 20.
Warning Indicator To Avoid Over TradingOne sensible way to avoid over trading on a low time-frame is to look at Heiken Ashi. If you can not observe clean and tidy trends with your preferred risk/reward ratio including take profit targets and stop loss positions, why trade? Look for trading zone breakout opportunities and be patient, remain calm, don't over trade.