ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Bitcoinusdt
Bitcoin is Still on Correction
Bitcoin just made a historical unprecedented correction as expected in my last update on the Bitcoin chart. Predicting the bottom is not an easy job to do but everyone is dropping their opinions on it, Mine is here too.
BTC painted an obvious head and shoulders pattern on the daily chart and it's going to make the right shoulder in the form of a bearish flag (or maybe a bearish-pennant). Also, a double-bottom pattern is recognizable on the chart, breaking out of this double-bottom neckline (41K) can recover the price to 48K again which is an important resistance level to make the right shoulder and the top of the bearish-flag. If the price rejects this resistance at 48K we can expect another leg down to 20K channel which is the end of this correction in my opinion.
This analysis will be invalidated if the price closes a daily candle above 50K
BITCOIN breakout BULL TRAP?Resistance exactly at white line. This could be a bulltrap... Moving averages are moving together indicating that the buy cycle is probably over and it could dip soon below blue curve again...
However if it manages to break white resistance we could see price go to 42-43k... but probably it will bounce off there and go lower again.
BTC Sell the downtrend.BTCUSD - Intraday - We look to Sell at 39891 (stop at 40941)
Trend line resistance is located at 40000.
Daily signals are bearish.
We are trading at oversold extremes.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 37177 and 36177
Resistance: 37000 / 38000 / 40000
Support: 35000 / 33000 / 31000
BITCOIN Pattern from January ! HUGE FINDI've published an idea with this pattern already before.... BUT what's even more confirming this to be true:
-the current drop also following the pattern
-the red lines which are extensions of the past prices that you see at the bottom of the chart match EXACTLY with the pattern.
-the price at the end even matches with the resistance (where it hits the blue line and bounces off)...
Coincidence? I don't think so.... This is too accurate to be coincidence. I'm definitely waiting for the dip.
NFA.
Have we reached the end of the Bull Market?In an analysis earlier than a month ago, I saw that bitcoin was possible after losing an all-important uptrend line could make a double bottom at 43k.
But I also warned of the possibility of going for 30k because it could bring negative thinking from investors, largely due to the high euphoria that we were experiencing. Today many say the possibility of bitcoin going up to 20k or less, but I don't believe that. Bitcoin has been respecting the latest LTA that comes from the corona crash (March 13, 2020), a super important area, where whales are taking advantage of the negative thinking of new investors and other less experienced speculators, to accumulate more bitcoin.
Let's wait for the next few days, bitcoin holding this last LTA, there is still a very high possibility that it will have new highs this year.
See the previous analysis below:
I would really appreciate your like for future analysis.
bitcoinblue boxes are the two target areas for bitcoin. i personally am bullish if we can hold the long term parallel channel. if we decisively lose it then we are in for a bear market probably until end of the year or even into march of 2022, kind of like June 2019 - March 2020. We will see right now I am leaning bullish and have exposure but I think I may be wrong here as there are a lot of signs pointing to a bear market in cryptos and volume looks weak across the board. we will see what the future holds for crypto.
basically i plan on going back to work and stacking USD to buy the bottom of the bear market and also investing in precious metals like silver and gold mining stocks.
BTCUSD: Gaps almost always fill. Also this time?Hello my friends!
Will the CME price gaps be filled soon? We have one between 48370 and 46620 and one between 26080 and 24605. Two possible ways: First up, then down. First down, then up. After that the BTC will go nuts ... :-) Btw the annual pivot point is at 21100.
How does this fit with my last charts? It fits. I always assume a minimum halving top at 115 K end of the year. After that our long correction phase will start. In both cases, the CME gaps can be filled. Something else about the gaps ... The CME gap doesn't necessarily have to fill, it is just more likely to fill than not. So far 95% of the gaps have been filled.
Scenario 1: The gaps will be filled this year.
Scenario 2: The gap at 24K will be filled next year during the bearish correction.
Scenario 3: The gap at 24K will never be filled.
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Let's see what happens.
Happy trading. :-)
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My Post Apr 18, 2021
My Post Nov 19, 2020
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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BTC - This Decides Everything Hi, this is my new update for Bitcoin. In the last 15 days BTC has fallen over 50% and we have now tested the support level $30000-32000 multiple times and I expect it to hold. If you want 30%-50% gains you have to consider to buy BTC right now, but the big question is that are we going to do a (ABC) Elliott waves or are we going to break all the resistances with the (V structure)? We are going to get that answer in the red box, if we break trough the area of $47000-53000 then I expect, it is going to be a (V structure) and we are going to set a new ATH, but if we get a (ABC) Elliott waves, then I expect we are going to get a similar structure like the one we got in 2017 and we are going to test $20000. Chances are very little if we are going to do a (V structure) since we have SMA50 and SMA100 + many strong resistances. I also expect we are going to see BIG gains in ALTCOINS if either of them happen. So prepared ;)
BTC Buy a break setup.BTCUSD - Intraday - We look to Buy a break of 41051 (stop at 39734)
With signals for sentiment at oversold extremes, the dip could not be extended.
A break of the recent low at 36333 should result in a further move lower.
We need to see a break of bespoke resistance (at 41000) to confirm the positive outlook.
The move lower is mixed and volatile, common in corrective sequences.
A higher correction is expected.
Our profit targets will be 44848 and 45848
Resistance: 41000 / 42000 / 46000
Support: 36000 / 33000 / 32000
BTC Buy a break setup.BTCUSD - Intraday - We look to Buy a break of 43111 (stop at 41948)
With signals for sentiment at oversold extremes, the dip could not be extended.
30066 has been pivotal.
A break of bespoke resistance at 42500, and the move higher is already underway.
The previous swing high is located at 43000.
A break of 43000 is needed to confirm follow through bullish momentum.
20 1day EMA is at 48350.
Our profit targets will be 46461 and 47461
Resistance: 42500 / 44500 / 46500
Support: 40000 / 39300 / 36800
Bitcoin Update 7 _ Historical Canal Support is in DANGERAs Mentioned, Historical bottom of the canal is now in DANGER. So, in case of break Down , Facing the Price 30000 is not unexpected. But in case of saving the level, we must stay and see that the buyers would support it or not!
Any Way, this is not the time for trade.
Note : Do your own analyze before any action.