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Bitcoinusdt

Have you ever believed in BTC being valued more than $20,000? What few years ago seems like an impossibility, in the few next weeks can be reality. From the past we can see that 20EMA on weekly chart is Bitcoin's good friend and it's known as a strong uptrend line. Based on history, it seems like the price of Bitcoin is going to test $20.000 level for sure as that's the first real resistance area, but will it break it on first try? Big expectations, many people are waiting for this moment. A retest of price $20.000 per Bitcoin Based on history, it looks like Bitcoin will test this ATH and then retrace all the way to 20 EMA resulting in flash crash with over 35% decrease in less than two weeks. This move will scare a lot of non skilled traders, holders away, but that will be a very bad idea to sell and I will guarantee you, these people will buy back above 20k per BTC! No matter how much bullish BTC is, a correction to retest 20 EMA is very, very likely to happen so keep that in mind, expect this flash crash some time in future. After the ATH is broken, still nothing is won as in the history when ATH was tested, it was broken but quickly seen another 35% drop, which can also occur this time. Overall if you are looking to buy some BTC, please don't invest with one big amount, rather dollar cost average this amount with few smaller orders each day in a week or in similar fashion. Shortly about indicators. 20 and 50 EMA and 50 and 200 EMA's are in uptrend. RSI broke recent high, very bullish. MACD buying volume is still increasing, possibly the top of wave will be located at 20k per btc. A very exciting times we living in, let's see how it goes after Bitcoin is above $20.000! One thing I really like, that we don't know the resistance levels above $20.000 which lead into a real bull run!
BITSTAMP:BTCUSDLong
by TiborVrbovsky
4
Is BITCOIN making a bearish bump and run reversal?Looks like BITCOIN ( COINBASE:BTCUSD ) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self. The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time. Look at the (Opaque Red Box) for price range. What is your opinion? Leave your comment and a Like. Good luck
BITSTAMP:BTCUSD
by TWIMARKETCAP
7
What A Fearless Buying (BTC) Is Breaking Out Long Term ChannelHey friends, hope you are well and welcome to the new update on Bitcoin. Previously we have seen that the priceline of Bitcon formed a very big Gartley and previous month’s candle stick was closed above the $12K that is also the 0.786 Fibonacci projection level of this Gartley. Therefore we were expecting that the priceline now may retest the 0.786 Fib projection level that was previously working as resistance and now will work as support. In the mean while the priceline of the leading cryptocurrency is also moving within an up channel. Previously we have see that the price action was at the resistance of this channel that was at $14K. The previous candlestick has been closed above this level. Therefore now there are less chances that the price action will retest the support of this channel that is at $12K and also the support of Fibonacci projection as we have discussed above. Now if the correction starts then we may see the priceline to retest the resistance of the channel as support. But incase the retest of resistance as support will be failed then price action may retest the channel’s support at $12K. Previously I mentioned that if the price action will be at resistance and the MACD, RSI and Stochastic will be turned bearish then a move to the downside up to the support of channel will be confirmed. But we can observe that all these indicators are still bullish even after visiting the overbought zones. Now if we take a look at fear & greed indicator then 1st warning sign has been appeared. But we need to take care of this indicator with the combination of Stochastic, MACD and RSI if these indicators will also turn bearish then a big correction can be expected. Conclusion: The priceline of BTC is still strong bullish and bulls are showing a fearless buying and broke out the channel. However, now we should set the 1st stop loss point at the resistance of the channel that is now working as support and 2nd at the support of channel.
BITSTAMP:BTCUSD
by moon333
4
BTCUSD | Beware!!! A Possible Correction Upto 12KHey friends, hope you are well and welcome to the new update on Bitcoin. As in my previous posts, I have been telling you all the moves of Bitcoin step by step. For example In the month of March 2020 I shared a Gartley move formed by the BTC price action as below: In above post I told you that the price action may move up to 12K very soon and finally the priceline started a bullish move. Sofar it has produced more than 105% profit rally and crossed up 12K level. Now the previous month’s candlestick has been closed above 12K level and crossed above 0.786 Fibonacci projection of this Shark pattern. Therefore there is a possibility that the price action may retest this 0.786 Fib projection that is almost at 12K The formation of up-channel: On the second of Oct, I shared an idea where I told you that the price action has formed an up channel on weekly chart. At that time it was reached at the support of this channel. Therefore I predicted that the priceline may move up to $13500 and that was half of this channel. When the price action of the leading cryptocurrency moved at the center of this channel then based on more signals I told you that now the price action can move up to the resistance of the channel that is at $14K. The BTC hits the resistance now: Now if we take a look at the live weekly chart then price action is at the resistance of this channel and has hit the $14K level as predicted. But if it will be failed to break out the resistance then it can move down to support that is almost at $12K. And this is the same level where we have the 0.786 Fibonacci projection of bullish Gartley pattern that has been formed on the monthly chart. The indicators and oscillators in long-term charts: Now If you see the live chart on weekly time period then MACD is strong bullish and Stochastic and RSI are overbought. These are very basic but important indicators there I am looking at these signals. Once they will start turning bearish and the priceline of the King of all cryptocurrencies will be at the resistance then the rally to the downside up to the support of the channel can be confirmed. Conclusion: Even though the price action has hit the resistance of the channel but sofar all indicators are strong bullish on long-term charts. Therefore before selling there should be more confirmations required.
BITSTAMP:BTCUSDShort
by moon333
1
Bitcoin Has Spiked Beyond $13K And Signaling To Hit $14K SoonHey friends, hope you are well and welcome to the new update on Bitcoin. In April 2020 I shared the post where I showed that on monthly chart the price action of BTC has completed final leg of bullish Garltey move. And as per Fibonacci sequence of Bullish Gartley the priceline turned bullish from the potential reversal zone of this harmonic pattern and produced more than 94% rally. At this time the 0.786 Fibonacci projection is working as a strong resistance and the candlesticks of the leading cryptocurreny is trying to break out this resistance. In my previous article I showed you few more things that the priceline of BTC is forming different harmonic moves on hourly chart and having very firm support of an uptrendline as well. And these moves were signaling for a big move soon. After using 100 simple moving average support the priceline turned bullish and broke out the $11K to $11150 resistance level . And $11000 to $11150 started working as very strong support. In the meanwhile the priceline of Bitcoin also retested these supports which were previously working as resistance and after successful re-test spiked more beyond $13K. Now I want o show you the upchannel on weekly chart that was the base of my prediction that the priceline can spike upto $13500 very soon. Previously when I posted this up channel on 2nd oct the priceline was at $10398 and now after this move the Bitcon has reached beyond $13300 that is more than 28%. Now if we take a look at this channel on live chart then the priceline of King of all cryptocurrencies is reached more than the half of this channel. The Bollinger bands is showing resistance therefore once Bollinger bands will be expanded then the price action can move upto the resistance of this channel that is almost at $14K. The price action has also good supports of simple moving averages with the time period of 25, 50, 100 and 200 as well. Conclusion: Even though the price action has turned very strong bullish and spiked beyond $13K but the Bollinger bands is showing a strong resistance. Therefore I need to keep an eye on the Bollinger bands once it will start expanding then there will be more space created for candlesticks to move upto the resistance otherwise the lower bands of bolling bands indicator is below the support of channel and the priceline can move up this level as well.
BITSTAMP:BTCUSDLong
by moon333
6
Bitcoin a next bullish wave is expectedHey friends hope you are well and welcome the new update on Bitcoin. The priceline of Bitcoin is moving in an up channel and now finally turned bullish after hitting support of the channel: After using 100 simple moving average support the priceline turned bullish and broke out the $11K to $11150 resistance level. Now the $11000 to $11150 is working as a very strong support area for the price action. In the meanwhile the priceline of BTC has also found a firm support of an up trendline. On the short term hourly chart the priceline has found a very firm down trendline support and above this support the price action of BTC is forming different harmonic moves. First the price action formed bullish Shark pattern then a bullish BAT move and after taking bullish divergence from the potential reversal zone of BAT the price action has formed another bullish BAT. Therefore we can expect another move to the up side. This move can even trigger the bullish move on the daily chart as well. Conclusion: The priceline of the leading cryptocurrency has very strong supports from the short term hourly chart to daily and weekly charts as well. And the continuation of the different harmonic moves are also indicating some big move soon. Therefore we can expect a move at least up to the half of the channel that is at $12K. But if the price action will hit the resistance then it can go up to $13500. However the support of the channel that has been formed on weekly chart is now market structure for BTC. Therefore we should keep an eye on this support and use it as our stop loss. Because if this support will be broken down then the priceline can completely turned in to down trend.
BITSTAMP:BTCUSDLong
by moon333
BTCUSD formed bullish BAT | A good long opportunityFormation of BAT pattern: On a short term 1-hour chart, the price action of Bitcoin has formed bullish harmonic BAT pattern and entered in potential reversal zone. Before this the priceline also has formed a Bullish Shark and BAT patterns. The price action of leading cryptocurrency also has good support of a trend line. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $11329.36 to $11292.59 Sell between: $11419 to $11553.52 Stop Loss: The potential reversal zone area that is up to $11292.59 or the trend line support can be used as stop loss in case of complete candle stick closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 2.3% and as per above mentioned stop loss, the loss possibility is 0.32%.
BITSTAMP:BTCUSDLong
by moon333
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by CryptoTradeWorldLTD
3
A Possible BEARISH SHARK Pattern in BITCOINHey all! BTC/USDT pair has previously formed a bullish SHARK pattern on the 4-hour chart. We got an initial reaction. Then, the reversal seemed to fail, but it didn't and we saw a strong bounce upward. NOW, Bitcoin seems forming a possible BEARISH SHARK pattern on the 4-hour chart. $10,800 - $11,000 zone is the POTENTIAL REVERSAL ZONE (PRZ). It should be watched very carefully. If pattern forms, the first price target for Bitcoin is $10,500 level. This is a very critical support in general. If we break this level, there is a possibility of a vague BEARISH Head-and-Shoulders pattern formation to be watched. If it forms and there is a more downside to come. Honestly, it complements my other Bitcoin analysis in which I predict an initial price drop to $9,150 level. But, be careful! The bearish shark pattern hasn't formed yet. Appreciate constructive feedback! Have a great weekend!
Short
by TableLamp
4
200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC A recent article stated that Bitcoin will never drop below its' 200 Week MA near 6700 ever again . I disagree . WE have clearly dropped below it in March . We wicked quite a bit below it . Down to that purple lower trendline .I believe we will wick down there again - it is certainly possible and that would take us to approximately 5xxx or 4xxx or possibly lower but probably not until 2021 as Bitcoin is still bullish for the moment . You can see that important 200 Week MA in blue on my chart with the blue arrow pointing at it , and it's sitting near 6700 now . I have to disagree with people who say this will hold in the future as we can always wick below ( and recover quickly . ) I think we will wick below the 200 Week MA and go down to that lower trendline which you see on my chart in purple with a purple arrow pointing at it . A wick down there could happen in 2021 imo .
by shimmeringpath
The priceline is having very nice bounce to hit $11K soonHey, friends hope you are well and welcome to the new update on Bitcoin. In my previous article we have seen that after the completion of Head & Shoulder pattern the price action of BTC broke down the neckline of the Head and Shoulder and moved more down. Then the priceline of leading cryptocurrency stopped at 100 simple moving average and consolidated above this support. The candlesticks of Bitcoin chart also spiked up to the pivot first support that is at $9900. Different indicators and oscillators: Now I would like to again show you the different indicators and the oscillators on the daily chart. As we have already discussed that the price action is having a very nice bounce from the 100 simple moving average. Now if we watch the moving average convergence divergence (MACD) indicator then it is still turning bullish and the momentum indicator showing that the momentum is getting changed from bearish to bullish and if we take a look at the stochastic oscillator then it has given bull cross from the oversold zone. Different support and resistance levels: Now if we take a look at the different support and resistance levels on the daily chart then it can be observed that the price action has successfully re-tested the $10,000 support level that was previously working as a resistance before August 2020. Now there are a strong chances that the price action will try to break out the $11000 resistance. If we take a closer look at the daily chart then the priceline has another hurdle between $11000 and $12000 resistance levels and that is the 50 simple moving average. At the time of writing this resistance is at $11250. Therefore we can expect a rapid move upto this resistance. Conclusion: As after the consolidation phase the priceline of the king of all cryptocurrencies is having very nice bounce from the different moving averages on the daily and on the long-term charts and all the indicators on the daily chart are turning bullish. This is a very clear confirmation that the price action may try to breach the next resistance at $11,000 very soon. However, the further move to the upside depends on the indicators on the daily chart if they will be continuously turning bullish then price action of BTC will be moved more up.
BITSTAMP:BTCUSDLong
by moon333
5