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BTCUSD broke out resistance, $25500 can be next targetHey friends, hope you are well and welcome to new update on Bitcoin. Head and Shoulder pattern and resistance: Previously we have seen that on a 4-hour chart the price action of Bitcoin formed a head and shoulder pattern and found resistance at $24200. Now the BTC has broken out this resistance. Fractal resistance is broken out: On the daily chart, after breaking out from a wedge pattern, the price action of the leading cryptocurrency found fractal resistance at $24100, that is also broken out. Pennant is broken out: On the hourly chart, the price action of BTC formed a pennant, and now finally, the resistance of the pennant is also broken out. Now, if we take the measurement from the tail of the triangle to the support, then the target can be $25500. Big butterfly move: However, on the bigger time frame on the monthly chart, the price action has formed a big bearish Butterfly and entered in potential reversal zone and from here it can start moving down at any time: The EMAs can be re-tested: If in the long-term the priceline will start a rally to the downside, then 1st it can re-test the $20K level, this is also previous fractal resistance and now working as support. Incase the priceline will cross down the $20K then 1st it can re-test the EMA 10 and then EMA 21, the exponential moving average 21 is at $15750 at the time of writing. Conclusion: On mid-term and short term, we can expect rally to the upside, however, on the long-term, the priceline can start correction soon.
BITSTAMP:BTCUSDLong
by moon333
BTCUSD, bearish factors are still thereHey friends, hope you are well, and welcome to new update on Bitcoin. Channel is broken down: On hourly chart, the price action was moving in an up channel and now finally, it has broken down the support of this channel. Head & Shoulder formation: On a 4hour-chart, the priceline of Bitcoin formed a Head &Shoulder pattern and bounced from the neckline of this H & S pattern. If the neckline would be broken down then the price action of the leading cryptocurrency may reach the $20K level. There are also 50, 100 and 200 simple moving averages supports below the head and shoulder pattern. An expected re-test of EMAs: On long-term weekly chart, the price action of Bitcoin did not re-test the exponential moving averages 10 and 21. If the priceline on the 4-hr chart breaks down the neckline of Head & Shoulder formation then it can move further more down to re-test these exponential moving averages on the weekly chart. Fractals: On daily chart, after breaking out the fractal resistance the priceline is likely to form different bearish reversal and bullish reversal fractals. Once the priceline will break out the resistance then a further more rally to the upside is expected otherwise it can move down to re-test $20K Big bearish Butterfly: On monthly chart, the price action of king of all cryptocurrencies has already completed the bearish Butterfly move and spiked in potential reversal zone, therefore a drop from this PRZ level is possible at any time: Conclusion: We need the closing above $24200, that is the resistance of head and shoulder on 4hour chart and the fractal resistance as well, otherwise a rally to the down side can be expected
BITSTAMP:BTCUSD
by moon333
BTC the $300,000 RunThe Original, Bitcoin $300k Call long close December/January 2021/2022 Bitcoin progressing at 22 degree slope upwards with diagonal confluences as support. Trend bottomed after the first 14K top in downtrend from 2017 high. Finish time fib 13 with price at top diagonal confluence, confluence line with top confluence and fib time zone 21. $300,000 Take Profit. Stop Loss: Bitcoin breaks below the lowest diagonal confluence trendline and doesn't recover Some Fundamental Analysis: Bitcoin gets harder to mine everyday I like bitcoin. Not financial advice only my personal trade idea
BNC:BLXLong
by Leverage1000X
2
I open a new position and wait for an impulse BTC/USDTHello dear traders. The price is above the level of 23850 - it will talk about the continuation of the upward trend, to the levels and targets of CME. But Today, I made a decision for myself to open a short position, a large short position, in order to update such values ​​as - 22900-22500-22000-21500. I expect a strong downward impulse. I open a short Sell 23610 Targets: 22900-22500-22000-21500 Stop loss 24100 I may be wrong, but I follow my trading, my system, my vision, and my risk and money management. I do not trade futures, I do not trade with 10-100 leverage ... and I follow my trading system. Yes, many may disagree, but for some reason I really want to open this position today. May to be big profit come with us)))) I am not asking anyone to follow my choice. But if you decide, then trade using the system and observe risk management and money management. Do not trade with a margin higher than x5. Although I have good indicators in trading, I am also mistaken.
Short
by UnknownUnicorn13204076
1
BTCUSD Completing Final Leg Of Bearish ButterflyHey friends hope you are well, and welcome to the new update on Bitcoin. The SMAs and alligator’s mouth formation: From daily to long-term charts, the price action of BTC is showing no chance for crash or long term-correction rally so far. On daily chart the priceline is moving above 25, 50, 100, and , 200 simple moving averages and using 25 SMA as support before next rally. The all four SMAs have formed an alligator’s opened mouth, unless this mouth will be not closed the long-term rally will be continued. The difference between 2017 and current rally: The major difference between the previous rally of 2017 and the current one is the Ichimoku cloud on long-term weekly chart. In 2017 rally it was not as that much strong bullish as this time. Therefore while in correction rally previously it was easily broken down, but this time if the correction rally will be started then this cloud will be difficult to break down. A big Butterfly move can lead priceline to $30K Now if we switch to the monthly chart, then the priceline of the leading cryptocurrency is completing final leg of bearish butterfly. For the continuation of this pattern we needed a closing above $17200 in previous monthly chart and the previous month’s candlestick is already closed above $19000 levels. Now we can expect that this final leg will be completed. As per Fibonacci sequence the potential reversal zone is as below: Potential reversal zone: $24132 to $29892 It means that the price action can move upto almost $30K then we can expect a log-term correcton rally between 0.382 to 0.786 Fibonacci levels that can be $20K to $8.5K. Conclusion: After all confirmations, we can expect that in near future there can be some small or mid-term corrections but long-term correction can be started after $24K.
BITSTAMP:BTCUSD
by moon333
4
Strong levels,w-top,FLAT-trading scenario. BTC/USDTHello traders. The previous idea will work out 100% If you are good at trading, you can see how this happens. I removed all the unnecessary on the grack, so I was guided by all my tips, and waited where the price would go. All my entries, I published in the public domain, and all 4 positions, short, short, long, and short - brought good profit. So far, I am out of position, as I am waiting for the level 18500-18650 to show itself. If you see a close above this level - then definitely a log - up to 18888-19230 If the kickback and creep are below 18350 - short. I still expect that the price will be driven up to form the "Head and Shoulders" - this is the same, I described in my previous idea. But if this does not happen, then I will again continue to work in a flat range - 18650 - 17666.
by UnknownUnicorn13204076
3
Bitcoin Early Reversal About to Start (BTC/USD)Clear reaction at the 0.618 Fibonacci level on the 4-hour chart + a bullish divergence on the RSI against the price action (red lines + white arrows). This one is much stronger than the divergence we saw at the Nov 26-27 bottom that led to a 19%+ rise (yellow lines + white arrows). Even though we're now inside the CME gap I think we will see a resurgence back to the key $18,800 S/R level in the short-term (top green bar).
BITSTAMP:BTCUSDLong
by Crypto_Rebel_Official
6
BTCUSD Completing Bullish Butterfly | A good long opportunityThe previous short term idea executed successfully: Now again on short-term 4-hour chart, the price action of Bitcoin is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below: Potential reversal or buying zone: $17366.39 to $17013.31 Sell or Fibonacci projection zone: $17640.40 to $18307.04 Stop Loss: The potential reversal zone area that is up to $17013.31 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 7.6% and as per the above-mentioned stop loss, the loss possibility is 2.04%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITSTAMP:BTCUSDLong
by moon333
1
BTCUSD Completing Final Leg Of Bullish BAT For Upto 15.4% moveOn daily chart, the price action of Bitcoin is completing the final leg of BAT pattern. The 25 SMA is holding the price action, once this support will be broken down then the BAT move will be confirmed. There is also 100 simple moving average support below the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Potential reversal or buying zone: $ 17009.80 to $ 16639.88 Fibonacci projection or sell zone: $ 17882.40 to $ 19210.71 Stop Loss: The potential reversal zone area that is up to $ 16639.88 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 15.4% and as per the above-mentioned stop loss, the loss possibility is 2.2%. Note: Above idea is for educational purpose only.
BITSTAMP:BTCUSDLong
by moon333
2
Points to growth - will there be? Continuation...I apologize for my stupidity, I was prompted to correct my mistake by a person from the profile of another social network, since we are working in long positions, and here, in the previous position, I published a "short" - I apologize for my inattention. In addition to this post - see: We have strong levels: it is 18650 and 17950. Going beyond these price boundaries will show you the way to further goals namely: 18888 - 19270 -19470 -19930. respectively: the living goals are indicated on the graph. There are MORE factors to consider. A mirror level is formed, to which the price can come. namely - 18888 If the price is near this mark for 2 hours, then there will be a 95% update of the peaks. Erase the volume, look at the indicators and un-trade the pattern that will show you the right path to a profitable position. If the daily candlestick is above the level of 18888, it means that it absorbs all this fall, this flat and continued growth. If we stay below this mark for 2 days, then shorts are in priority. And any entry point in this range will be more profitable short than long. P.S SEE closely at TF 2-4. Because, they can make both an inverted Head Shoulders and a descending triangle. all that will be in the aisles 18150-18650, IT will be Flat At this time, we are in a long position. But when it closes, or there will be an incomprehensible situation on the market, it is easier for me to wait out this storm than to catch a minus again!
by UnknownUnicorn13204076
BTCUSD forming bullish Butterfly | A good long opportunityOn 4-hour chart, the price action of Bitcoin (BTC) is completing the final leg of bullish Butterfly pattern, soon it will be entered in a potential reversal zone. There is also 200 simple moving average support below the PRZ level. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern should be: Potential reversal or buying zone: $ 17986 to $ 17538 Fibonacci projection or sell zone: $ 18333 to $ 19187 Stop Loss: The potential reversal zone area that is up to $17538 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 9.4% and as per the above-mentioned stop loss, the loss possibility is 2.5%. Note: Above idea is for educational purpose only.
BITSTAMP:BTCUSDLong
by moon333
1
BTC pullback remains to be a minor one so far. Levels to watch.We need to see how this week closes but this pullback looks healthy so far if you're a bull. Most major trend reversals don't happen drastically as market tends to go into some kind of trading range first before deciding on the next move (higher or lower). I think the next weekly bar is key here and I think we should see a small leg up (in the weekly chart at least) before we see a break lower or higher. It will be a surprise to me if we see the next bars continue lower immediately considering how strong the preceding bull trend was. Watching 16K as support for a near term bull or trading range scenario. Let's wait and see.
by thedailychartist
Bitcoin Correction Coming? According to Willy Woo, number of Bitcoin days destroyed is spiking right now which tells us long-term holders are off-loading their bags. This, coupled with the fact we've had two fairly large sell-offs in the last 48hrs seems to suggest there's a lot of indecision right now. I hope bulls can pull off another surging breakout but I'm getting the feeling that things are overheated right now. I'll be watching to see if prices fall to $18,220 ( top green bar) and close beneath it. This will confirm to me that the short-term trend has reversed.
BITSTAMP:BTCUSDShort
by Crypto_Rebel_Official
1