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Intracycle Top Idea (BTC)Today I have been going over the possibility of intracycle top playing out for bitcoin. In the past there has been one cycle that has had a intracycle top and that was the cycle of 2013 , price peaked and crashed only to come up later that year to put in a higher high. The Fibonacci Time Zones I have set on these dates have been working really well so far at pin pointing potential pivot points in this bull run. If price does peak at 125k on June 8th 2021 there is a possibility that it is a intracycle top, with another peak following on April 13th 2022 at 320k. The Genesis Line This red dotted line you see in the chart acting as resistance goes back to the very beginning of bitcoin it has acted as support and resistance through the years, its by far the line that has the most confluence points in bitcoins entre history. So from peak to peak in the cycle 2013 , it took bitcoin 235 days , the number I get using Fibonacci time zones is 298days if there is a intracycle top , also a 50% drop to the 0.5 fib would be in play since price has been dropping back to the 0.5fib the entire bull run I will link my previous TA showing exactly that. Since there has only been one cycle before with a intracycle peak there is no real strong data to go with , one data point doesn't hold much weight. One thing's for sure is that this red resistance line is no joke and I strongly believe that its going to play a big part in bitcoins future, i will link below a picture of the Genesis line. ibb.co
BITSTAMP:BTCUSD
by Sporia
8
Bitcoin scenarios 12 of April 2021 / 4h chartHi guys, If we watch the chart we can see a series of lower lows, higher lows & lower highs. This tells me we are consolidating before the next move. We notice the fact that since the 13th of March we didn't manage to make a new ATH. This day actually coincides with the big black swan drop we've seen in 2020 (Covid panic sell). Probably March the 13th is the "Friday" of the year ;) Bull : we consolidate towards the previous ATH and make a sustained 4h close breakout over the 63.000$ levels . Bear : we can see that all attempts in the last 6 to 8 weeks broke down. This shows me that maybe we are due for some serious correction. If this is the case I think we will revisit the lower 40.000$ levels. Everybody is focused on alt coins these days, but be careful, when the king moves, altcoins will follow. Trade safely my friends, this is not financial advice, only drawings on a chart.
by Robi_Nitu
2
Possible scenarios on bitcoinIt is very likey in my opinion that the price is developing an ascending triangle, but needs confirmation. Scenarios: 1. Price reaches a lower low in 53.5k, and breaks ath forming the ascending triangle pattern. 2. Price fails to make a lower low, but support in 51k helds and price retakes bullish force, probably enough to break ATH in the incoming test. 3. Support at 51k breaks, so very likely to reach MA200 at 38-40k. RSI is not showing strenght, we need also to break the downtrend. Otherwise is very likely that scenario 3 will take place and a great buy opportunity will come.
by PedroNegreiros
Bitcoin is going either to $65000 or $53000.Bitcoin is currently having some problems to break above $60000, as a break above this level could easily lead to new all time high, or at least reach the previous all time high at $61844. Bitcoin is still in a bull run phase and is currently located in a flag formation with resistance at $60000 and support at $57000. Still a break below $57000 will lead to a retest of 50 daily EMA which is located at $53000, this is where we expect the dips to be capped, an ideal buy position. So we are really looking at two scenarios only, depending on which level will be broken. Indicators, indicators where is the price of Bitcoin headed? Relative demand indicator RSI has failed to break above 60 few times. The 60 level is identical as $60000. It’s interesting how 60 and 40 usually represent some strong resistance or support levels. On the same page, a break below 50 EMA would mean a break below 40 RSI. Conclusion to RSI is that we’ve look for a move lower. MACD failed to give a buy signal twice and bearish wave is currently extending. We look for this selling wave to continue. Overall daily trend is a strong uptrend as the price of Bitcoin is still above 20 EMA. However a break below this 20 EMA will lead to extended losses to 50 EMA. So what’s next based on this analysis? Current price action is suggesting a drop below $57000 that would lead to extended losses to $53000 where a support will be found.
Long
by TiborVrbovsky
4
BTC to 43K ?Hello Traders, Hope everything is going well. As you can see in the chart, BTC broke the short term ( 3 months ) trend line in 4H timeframe and has managed to pullback to that trendline again and got rejected. So what now? By breaking the trendline, BTC has made a descending channel so the price is likely to go down but to which support? As the blue line scenario is showing, in my opinion BTC is going to test the 46K support first ( which is the bottom of the channel too ) and the next big and strong support is around 42K-43K. The 43K price will push BTC up and it will breakout of the channel, then it will go up to test the 60K-62K resistance level again. Thank you for reading my idea. Please comment what you think will happen. 🤞
by Existansilon
4
Bitcoin - Update - Signs for upward growth? BTC/USDT Hello friends. I haven't published any reviews for a long time, I was resting. It's nice to see how many people in our channel communicate and help each other. Now about the analysis. The previous analysis with a decrease, did not work out as it should. This spaceship Twitterman needs to be put behind bars. So we could earn more. I don't like manipulations, but they are just beginning. Analyzing the chart and making an analysis on bitcoin, I can assume that the price will continue to grow if it leaves the channel and breaks through the countertrend on the resistance at 55555. Moreover, looking at the daily targets as well as the step-by-step drop-suggests that psychologically they are preparing everyone for a strong price decline. (where many will sell) But the daily candle-the above moment closed very well, for the continuation of the trend. In the same way, such a structure as momentum, growth projection, and continued growth is formed the price is in an expanding, descending bullish wedge the price is in a descending bullish channel and has price liquidity. I would prefer to work in a long position now, because wave 5, which I wrote about in the previous trading analysis, coincides with the growth of the height of the bullish flag. Trade wisely, do not overestimate the % risk management. Global sales zones, as well as global purchase zones - red and green rectangles. If the price of bitcoin starts to flat in this range, the growth of altcoins will continue to gain momentum. The strange thing is that a lot of "smalcoin shit" shoots-but the top coins from the marketcap list seem to be tied to bitcoin. This moment is a bit overwhelming for me Otherwise, if the price remains below the 52000 level in one of the trading sessions, the correction will continue to such levels as 48000 - 46000 - 42000 - where a large amount of liquidity is collected, as well as this moment will be the 3rd sign that the instrument is entering the correction phase Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
Long
by CryptoJaegerB
BTCUSDTHello to you all. Mars Signals team wishes you high profits at all times. Sorry for being absent for a few days. We were not able to provide any signals. Yet, we try to continue by giving you our best signals. As you can see, we have drawn the Fibonacci retrace net levels for you on the chart which shows the support and resistance lines. The black line which is drawn on the chart has been a strong resistance line which has been broken by now. We can consider three scenarios based on this move: 1) the price will make a pullback to the black area and then continue its uptrend. 2) the price will not make any pullbacks and will continue its uptrend right from here. 3) the sell pressure will increase and the price will break this black line and the price will fall further. But we consider the first scenario to be more likely to happen which will be a good place to buy and expect the trend to continue going up. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals