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.
Bitcoinusdt
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.
BTCUSD: Back to normal! Without Musk. Stay relaxed.Hello my friends!
Yes, Musk manipulated the market. So what. For Crypto, it will be just an anecdote at the end.
So let's ignore Musk and look at the charts. We had the Corona anomaly, which gave us a very cheap Bitcoin price. :-)
After that, the price has held at the same level again. And after that, the bull run started... up to the current price level of 43K. Musk has driven the market further. Well done. Now he has made a 180 turn and what remains? We have consolidated, as predicted to the level of 43K. That's it. No more.
As I also wrote in one of my earlier post, the last bullish support zone is at about 30K. Currently, however, I expect a consolidation at this level and then a further upward trend.
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Let's see what happens.
Happy trading. :-)
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My Post May 14, 2021
My Post Apr 18, 2021
My Post Nov 19, 2020
My Post Apr 15, 2019 (2 year ago!)
Bears are in complete control, May be!BTC is going through a falling wedge witch will give us a break to collect our breath and bounce could happen between 40k and 39k. The resistance area that should test $45.5k , $48,8k and $51.7k
In order for the bulls to take control of the trend, these resistance has to knock off. Will it happen? the chances are slim in my opinion but who knows. If BTC fail to pass the resistance, back to 35k and 28k
Trade at your own risk.
Is Bitcoin at a bargain price or a hot potato? I wanted to show another view on some of the key indicators to make sense of the current market / Bitcoin weakness.
Bitcoin is just at the 0.618 fib. retracement level on the weekly from the mid-January 2021 lows. That level is very key to hold.
Also the 200 day moving average is just about in sight (about 6% or so downwards only).
This is THE make or break level. As shown in the prior idea of mine that level does not get violated in a bull cycle.
If it would then one can consider the bull market to be done or setting a new precedent (don't forget the statistical observation period of the crypto market is not very long) and will somehow magically recover.
After all the hype Elon Musk / Tesla has been causing about Doge and Bitcoin lately with in my view frivolous tweets there appears to be a lot of panic selling going on by new market participants.
Long-term HODLer are buying the dip and are enjoying the discount presented to them.
In my experience the market and Bitcoin stretches from one extreme to the other and consistently until it hurts.
This current pullback hurts a lot.
You may notice that the RSI and Stochastic indicators show the market is oversold and a bounce back is imminent.
I would not be surprised if Bitcoin will be squeezing the last statistical possibility out of and into the chart and pulls back touching the 200d moving average.
If you compare this scenario to prior cycles the chart screams "danger" while at the same time it screams "enough already".
The clear expectation to me is that while it may be playing cliffhanger with us Bitcoin is to recover this week and start showing strength again.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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BITCOIN Idea Update!Hey guys,
Following prediction is an update for the 16 April analysis (Title: Buying Opportunity ahead for Bitcoin).
So far, the price has exactly followed our arrow in the previous analysis. The ascending triangle has been broken, BTC lost the 60-62k level, and price has just touched the demand zone of 40-46k. The 16 April analysis was pretty much a short signal rather than a neutral idea and hasn't really detailed the path to 90k.
Although the exact reversal point is not predictable, that's what I am trying to do in this analysis. FYI I am still a bull and believe bull market is not over yet. But personally I think one last leg down is still in the scheme of things. I would be happy if I am wrong though.
There are two possible scenarios. In either scenarios, for seeing higher numbers, the price has to break through R1 and then R2. (The essential break out areas are marked red.) So far, the price has held the S1 trendline. if we remain above this support, it is likely to move towards the R1 curve (54-55k) very soon. The first scenario is to get rejected from that point, which will easily take us back to S1 and in that case, S1 is expected to be lost. Therefore, the price has the potential to move through the curved downward channel and reach inside the strong demand area (approx. 38k-43k). In that zone, momentum will be gained, and I expect BTC to start a huge rally towards 75k (R3) and 90k (R4). If we become able to break through R1 directly from here (above S1) and not get rejected from R2, then possibly the first scenario is cancelled and BTC will aim to hit a new ATH earlier than expected. As I said, I find the first scenario more likely.
Hope that helps guys. if you are taking such trades, always remember to invest very small amount and do not go all in as chances of you getting liquidated will be super high. Stay patient with the dips. Best Regards, AMDEL.