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Bitcoinusdanalysis

BTCUSD - Bitcoin Elliott Wave ForecastHi Folks, You might be worried about Tesla's move on BTC, this is just a temporary news, no need to panic. I think BTC has completed it's 5th wave ABC correction. All other coins were due for correction and this price action is ensuring that. I expect BTC should lead the next rally on cryptos for making new highs after stock market specifically Nasdaq touches the bottom of correction, BTC will lead the recovery of Stock Market just like in September 2020. ~Happy Trading.
BITSTAMP:BTCUSDLong
by ActorBay
BITCOIN WHAT'S NEXT !! 🚀🚀 60.000 USD to the 🌝Technical perspective : In regards to Bitcoin we have two daily demand areas and we expect BTC to retrace before the continuation of his massive bull move. On the Weekly timeframe we have an impulse that still need some momentum and some growth , Going down on the daily it would be perfect to see a retracement to grab some liquidity and continue it's massive movement to the downside. From a fundamental perspective: Looking at Bitcoin’s history, it tells the typical story of expansion. When something new is introduced to the world, it is immediately met with doubt. Often ridiculed and even fought against. The mass population is fearing for their status quo and very afraid of change in general. Bitcoin's’ story is no different. The real move is still ahead. A part of this story is that those who fear and fight progress, on the other hand, are curious and would like to see some profits for themselves but can’t bring themselves to participate. While doubters try to be right, those who take risks make money. Not every story is a success story, but Bitcoin´s past, present, and in my opinion, future as well is more than rosy. In each of these success stories comes one specific point that has its tricky part from a psychological perspective and, as such, an extra hurdle on how to participate in a market at that particular point of the trend. When advancements seem overbought, but the critical mass of investors is not yet on board, the supply is limited, and peer pressure in professional market-making forces governments, institutions, hedge funds, banks, and so forth to participate to have a core holding. Everybody hopes for a retracement to get into the move with relatively low risk, but prices join the runaway train. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
GEMINI:BTCUSDLong
by TheDayzen
2
BTC-4h. We expect a fall to $17200-17400.The sellers reached the first target of our previous BTC idea . Buyers were unable to turn regain control of $18500-18700. The prospect of continuing to fall to $17200-17400 remains the main scenario. While a big buyer is waiting for a better price - we will not fear the previous manner of raising the price of BTC. _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Short
by P_S_trade
23
Bitcoin is likely to be rejectedHello friends hope you are doing well and welcome to the new update on Bitcoin. Today we will have the Bitcoin analysis on short term, the midterm and on the long term as well. And we will watch different chart patterns that BTC has formed and the support and resistance levels and also the different moving averages. The formation of harmonic BAT: In my previous posts I told you that the price action is completing the final leg of bullish Gartley and 1st I predictred that the price action will be dropped from $9300 to $9000. Then in next article I shared that price action may behave like BAT pattern rather to behave like Gartley. And as per Fibonacci sequence of bullish BAT I predicted that it can drop from $9,000 to $8800. And finally the pricline of BTC dropped up to $8900 and completed the final leg of bullish BAT. Now at this time this potential reversal zone has become very strong support for the price action of leading cryptocurrency. Support and resistance level: Now I would like to show you different support and resistance levels on daily chart. At this time the price action has $8800 as support. This is the same level where we have the potential reversal zone of bullish BAT pattern.The next resistance level at $9500 and after $9500 the next resistance level is $10,000. Few days back $9500 was working as support but at this time after breaking down this support the Bitcoin is retesting this level as resistance. And if the price action will be not able to break out this resistance again then it will be again dropped previous support level that is at $8800. Formation of down channel on short term chart: Now the Bitcoin is moving between $9300 to $9500. And if we switch to the short term 1 hour chart then it can be easily observed that the protection is moving very well within a down channel. The support of this channel is at $9300 and resistance is at $9500. And this is a little bit down channel therefore if the price action will not breakout this resistance soon. Then this resistance will be moved more down. Up channel on daily chart has been clearly broken down: Now let's move to the daily chart and here the Bitocoin has formed an up channel after mid of March 2020. And we received a very clear signal by the moon phases indicator that the priceline may break down the support because the new dark moon was appeared at distance from the support. And in order to reach at this level of dark moon the priceline needs to break down the support of this channel. And finally the priceline broke down the support. And now we have 5th candlestick closing below the channel. Bitcoin and other markets: If we compare the price action of Bitcoin to other markets for example this if we take an example of S&P 500 that is most outperforming index. We can notice that Bitcoin was more stronger than the other market. Like there the price of Bitcoin broke out all the simple moving averages with the time period of 25, 50, 100 and 200 on 30th April but on the other side the priceline of SPX broke out all these simple moving average on 29th of May 2020 there is a difference of a complete month. And now S&P 500 has bounced from 25 simple moving average. But the Bitcoin has broken down the 25 simple moving average and now it is at the support of 50 simple moving average. Therefore there will be chances that the pricleline will breakout the 25 SMA again. Because pressure from the downside is more than the pressure from the upside because the simple 25 is smaller than 50 simple moving average. And there is some correlation between Bitcoin and other markets. If the BTC will follow stocks and indexes then definitely it will again breakout 25 simple moving average. The pennant is still there: The BTC has also formed a pennant on daily chart. In order to see whether this the Bitcoin will be dropped or not. We should observe very closely that the price action will break down the support of this pennant or not. I observed that the priceline of BTC is very much synchronized with the combination of three indicators: stochastic, MACD and momentum. For example whenever the price action reaches at the support then stochastic gives bull cross and MACD also starts turning bullish and momentum changes from bears to bull then Bitcoin reaches at the resistance. At this time the price action is at the support and stochastic has also given the bull cross and MACD is turning bullish but momentum did not give any bullish signals, therefore we need to wait for the momentum for the final confirmation whether price action will break down the support or not. But it from here to stochastic will again give bear cross and MACD will turn strong bearish then priceline can break down the pennant. Very big symmetrical triangle: Now let's talk about big symmetrical triangle that has been formed on the long-term weekly chart by the price action of Bitcoin that we discussed earlier at the starting of this post. And the resistance of this symmetrical triangle has become very strong rejection line for the Bitcoin. Whenever the price action hits at this resistance level then it is being rejected again and again and this time after hitting resistance level the price action is again likely to be rejected. If the Bitcoin will move all the way down up to the support of this triangle then we may see $6,000 level.
BITSTAMP:BTCUSD
by moon333
1
#BTCUSD ANALYSIS.. POSITIVE SIGNALS.. Bitcoin, which was experiencing a sharp decline before halving, recovered in a short time, and now it seems to keep its eyes up.. On 4-hour chart of #BTCUSD; we can state that some price movements are similar from past to present,just watch the fractals.. In technical indicators; #BTCUSD is priced on ma50, and the gator has also produced a buy signal, beside these, the Coopock curve is about to break the reference value (0) up, we see some pozitive signals.. Within the framework of all these positive indicators, I think bitcoin will go up to $ 10500.. Bitcoin may be making its last rise before the deep correction movement, it is important to be careful.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITSTAMP:BTCUSDLong
by OguzhanSengor
2
BTCUSD forming bullish BAT | A good long opportunity aheadThe World's No:1 ranked cryptocurrency Bitcoin (BTC) is forming bullish BAT pattern on 2hr chart and expected to enter in bullish potential reversal zone soon. Lets have a look on the BTC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $7153.07 to 7105.86 Sell between: $7265.77 to $7434.52 So this is a good and very short term long opportunity for Bitcoin traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
BITSTAMP:BTCUSDLong
by moon333
A Harmonic Push Can Lead The Bitcoin To Hit The Next ResistanceThe price action of leading cryptocurrency the Bitcoin has found a parallel channel and moving within this channel. The resistance of channel is at $7772.71 and the support is at $6550.00. The formation of the channel was started since Nov 25 2019 and sofar the priceline is not able to breakout the resistance or breakdown the support, this time after hitting the support the price action moved up and went close to the resistance but did not hit the resistance this time so we can assume that this time hitting at the resistance is due. This was the Bollinger band’s upper bands which was the hurdle for price action and did not let the pricline to hit the resistance so we can expect the price action may hit the lower band of Bollinger bands which is currently at $6880 and then it will be bounced up again without hitting the support and may attempt to have the breakout from the channel and the chances of breakout are more than the breakdown lets have some more details then it will become more easier to understand. Indicators and Oscillators: Relative Strength Index (RSI) was oversold up till 17 Dec having oversold value 25.09 and now bullish. Moving average convergence divergence (MACD) is weak bullish. And if we see the Directional movement the +DI has crossed up -DI but the ADX of directional movement is moving down which is a good sign coz when it was up it was assigned to the bearish singal –DI and it is expected that next time it will be moved up for +DI. Moving Averages: If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Dec 2018 the order of moving averages was as: 25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all and the alligator’s mouth was closed then on 11th Jan 2019 the 25 SMA started moving up and the we have seen in May 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 and 200 simple moving averages and this alligator mouth lifted the price action upto $13880. This time the moving averages are likely to make the same move and 25SMA is trying to cross down the price action if this moving average will be able to cross down the priceline then it will be 1st successful step toward the formation opened alligator’s mouth and then a strong bull run can be observed. The Harmonic Move: Now the price action has also completely formed bullish Crab pattern and sofar the bullish divergence from the potential reversal zone of this pattern is due if the price action takes bullish divergence then it will must enter the 0.382 to 0.786 Fibonacci projection of A to D leg and this bullish divergence will lead to break out from the channel which we have seen earlier in starting of the article but once the price action will be able to cross up the 0.786 Fibonacci projection of A to D leg then the price action may hit the next resistance level at $12325 which was formed in Jun 2019. Regards, Atif Akbar (moon333)
BITSTAMP:BTCUSDLong
by moon333
2
Bitcoin The Master Of All Assets | A Tremendous Performance 2019The leading cryptocurrency is currently being traded at $7221 as per Bitfinex, which shows more than 100% move from the starting of the year upto today's date. BTC's price action took bullish divergence from $3500 to $13764 in the first six months after that we can see the price correction around upto 0.618 Fibonacci levels. During this bullish move Facebook’s launch of cryptocurrency Libra in June further boosted buying of Bitcoin. The excitement, however ended in the third quarter with fear gripped the market that Libra might expedite the process of regulation for the entire crypto market. The sell off was very prominent by miners selling their bitcoin rewards in the final quarter. On 18 Dec 2019 we have seen that recently the Bitcoin has lost more than 52% of its value falling from $13764 to $6477 and it is also reported by Press Time earlier previous week. Despite this downward correction move the overall Bitcoin performance is very positive as mentioned above it is performing better than gold and S&P 500 in a very positive way. Even though the gold is a classic asset and it is being traded at $1518 / OZ and it is up more than 19% on a year to date on the other hand the s&P 500 index has gained more than 28% since starting of 2019 and at the time of writing it is at the same position and that is the biggest gain in the year since 1997. Gold 2019 performance: s&p 500 2019 performance: While on the other hand the Bitcoin's more than 100% gain in a year of 2019 looks shocking when we compare with the traditional markets. But if you compare this gain of BTC with its historical yearly gains then it looks less impressive So the Bitcoin has not even proved it self the king of all cryptocurrencies but also the master of all assets. Regards, Atif Akbar (moon333)
BITFINEX:BTCUSDLong
by moon333
11385 or 7300? Fibonnaci showing bullish dominance end of 2019. We have broken through the main Fibonnaci resistance level at 9831 and been pushed back. Another breakthrough would indicate a push towards 11385 again. This would be the ultimate proof of a long term bullish reversal for the end of 2019. Meaning 2020 would be the year of the new ATH. The daily and weekly EMA crosses and the daily RSI divergence show a strong bullish argument. Worst case scenario we bounce back to 7.3k, signaling a return to a bear market or perhaps a bear trap.
BITSTAMP:BTCUSDLong
by Hol10
BTCUSD forming a bullish BAT | A good long opportunityAfter forming a bullish Shark pattern the priceline of Bitcoin / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have set my buying zone from 0.618 to 0.886 Fibonacci how ever for more profit you can try to buy from 0.786 to 0.886 Fibonacci. Buy between: 8027.01 to 7807.79 Sell between: 8084.15 to 8376.43 Regards, Atif Akbar (moon333)
BITSTAMP:BTCUSDLong
by moon333
BTCUSDT further decrease or price action has chances to upward Bitcoin price action was manipulated during the last two weeks and the market showed a great uncertainty. That is why we delayed our update to the previous analysis and decided to remaster the whole analysis for the mid and long term timeframe. We had many sharp drops and increases during last two weeks. Short term timeframe charts looks insane like it was two years ago while BTC was a speculative instrument. Nevertheless if we take a closer look at longer frames we can see a regularity. We had ABC correction wave from the 8th of August till the 16th of august with a subsequent sharp 13% rise. Further happened another ABC correction which again was followed by sharp 16% increase. Two waves and sharp rises together combine a three drives pattern which lead to a bearish price action development and further continuation of the downtrend. Such patterns tend to have fractal replications as well. Summing up indicators and trend analysis we derive 4 scenarios 2 of them are the most probable while the rest are in reserve. Tracking the chart you will be able to react fast and adjust your positions Following the idea of upcoming replication of ABC we derive the price action which will finish reaching $9 036 level closer to the 15th of September. Scenario will take place only in case of confirmation by closure inside of the channel within the next three days. Afterwards only a bounce from support line of the channel will save price action from global descending downtrend. As the support level was tested 3 times and we have numerous upward penetration we conclude that if 1 scenario happens then it will switch to the Scenario III with a high probability. The price will reach $10 336 and will move sideways. In case price action does not reach the channel within the next 3 days we will have a positive signal for upcoming global uptrend which will result in a fast price increase to $11 912 closer to the 15th of September. However the probability of Scenario II is much lower. In the worst Scenario IV the price action do not bounce the support of the mentioned channel and sharply breaks down to the larger scale channel which Bitcoin followed until the 17th of July. This will result in continuation of the global decrease and thus in finish of this year rally Carefully track the progress of this trading idea to adjust your mid and long term positions. Use it to be informed about current price actions. Always study a shorter timeframe scales for scalping and choosing the best entry points
by Skyrexio
12