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Bitcoinusdt

BTCUSDT buy or sell??as you see in this analysis BTC is in a bullish trend and it stuck in a bullish triangle. so what we expect from BTC is to break the triangle, pullback and continue till about 14000. where it is a strong weekly resistance. but if it didn't break the triangle to the top and some bearish candles occurred, kijun-sen will rise while price goes down. so the price will break the kijun-sen and it becomes a resistance. so if you have BTC wait for the breaks and put your stop loss right below the weekly support. and if you want to enter it, wait for the bulls to break the triangle to top and put your TP about 14000USDT.
by sab081
Bitcoin still in Uptrend!Hey, I am back with another Idea, this time looking at Bitcoin chart. Bitcoin has been showing strong bull moves lately, but the current question is, was $12,000 the top? If the price can stay in the uptrend, I think there may be new high, but when the price breaks down uptrend, drops below $11,000 and the RSI will fall below 40. Bitcoin will go down or sideways for a while. If the scenario is sideways, I recommend to live the alt season. Good luck with trading!
by TiborVrbovsky
1
Don’t Think About Bull Run Unless These Signals Won’t AppearHey friend hope you are well and welcome to the new update on Bitcoin. In my previous post we have seen the Bitcoin formed a bullish cypher pattern and started a powerful bullish move from the potential reversal zone of the cypher and reached even beyond $11,000 levels. The wedge has been broken out: The price action of the leading cryptocurrency was moving in a wedge since first week of May 2020. After reaching at the support on 27 June the priceline moved up to the resistance. In the meanwhile we have received two significant bullish signals by the moon phases indicator and the volume profile as well. The new full moon was appeared at high altitude above the resistance of the wedge. That was a clear signal that the price action of BTC can reach up to this level. The volume profile was showing very weak interest of the traders even above the support of this wedge pattern. The point of control of volume profile was moved above the resistance that was another signal for the breakout. The price action has spiked beyond 11K with powerful buying volume: The price action has finally broken out the $10,000 resistance level and even spiked beyond $11,000. If we see the volume indicator then there is a continuity of buying volume especially on 27th of July. If we watch the volume oscillator indicator (that shows the power of volume) then the power of buying volume was up with powerful value of 39. Now I would like to draw your attention towards two significant signals. If they won’t appear then we cannot confirm that the Bitcoin bull run has finally begun. As we have already seen that the price action is moving in a big symmetrical triangle that was started back in 2017 and the resistance of this triangle has become a very powerful rejection line. Whenever the price action reached at this resistance level It has been strongly rejected. At this time the price action is crossing up this powerful rejection line. But so far we don't have even a single candlestick that is completely closed above this resistance level. Therefore to confirm the bull run we need the closing above this resistance level on the weekly chart. The second signal is that the bull cross between the 25 and 50 simple moving averages is still due. As we can see we have the 50 simple moving average above all then 25 then 100 and then 200 below all other simple moving averages. Once the 25 simple moving average will cross up the 50 SMA then a complete opened alligator mouth by the simple moving averages will be formed like it was formed back in 2017. When the price action started a parabolic bullish move that was more than 3000%. Therefore once a complete alligator mouth will be formed same as like back in 2017 then we can expect that the will be started and then the priceline will again move up in a parabolic way on the long term. Conclusion: After breaking out the wedge pattern on the daily chart so far the price action did not start any correction rally. Therefore, there are chances that if the buying volume will be decreased then the price action of BTC may re-test the previous resistance as a support or at least it will use the $10,000 resistance level as support and then start the next rally. However if the buying volume will continue to increase then we can expect that the Bitcoin will not stop and also won’t start any correction rally and it will also break out the symmetrical triangle on the weekly chart in very obvious way by closing above the resistance level.
BITSTAMP:BTCUSD
by moon333
4
Will Bitcoin be able to breakout this strongest resistance???Hi friends hope you are well and welcome to the new update on Bitcoin. As in my previous posts, I've been sharing the different harmonic moves of Bitcoin’s price action and I've been telling you that the Bitcoin will be moved up from the potential reversal zones of these harmonic patterns. Last time I shared an expected bullish Cypher pattern with you. Because at that time the final leg of Cypher was not finalized but as all legs were driven perfectly as required for the bullish Cypher pattern, therefore, I predicted that the priceline of BTC will be moved more as per the Fibonacci sequence of Cypher and it will take another bullish divergence from the potential reversal zone of this harmonic pattern and it can hit the $10,000 resistance level. The wedge has been broken out: Since the first week of May 2020 the price action of Bitcoin was moving in a wedge pattern. I've also placed the volume profile indicator on the complete price action moving in this pattern that is showing very weak interest of the traders above the support. The point of control of the volume profile was also moved above the resistance of wedge. If we watch the moon phase indicator then the new full moon has appeared at high altitude at a big distance above the resistance. Therefore all these signals were in favor of breakout and finally, the priceline followed the signals and broke out the resistance of the wedge. The price action is trying to break 10K resistance: In the last week of June 2020, the price action bounced from the resistance of $8800. Then it started its new move within the price range from $9000 to $9500. Finally, the buying volume increased and the price action first broke out the $9500 resistance and at this time the World’s leading cryptocurrency is trying to break out the 10K resistance. This is a very strong resistance for the price action of Bitcoin as the BTC never able to break out this resistance since after this level was broken down in September 2019. Now I would like to again recall a very big symmetrical triangle that has been formed on the weekly chart. This is the multi-years based symmetrical triangle that was started in 2017. The resistance of this triangle is very strong rejection line for the price line of BTC. If we take a look at the chart then it can be easily observed that the price action of Bitcoin is making a powerful attermpt to break out this rejection line. A big bullish Gartley pattern: At the end of this post, I would like to draw your attention to a very big bullish Gartley pattern. That is formed on the monthly chart by the Bitcoin. I published this pattern back in April 2020 and the price has started a powerful bullish divergence from the potential reversal zone of this Gartley move. Every candlestick is closing above the shoulder of the previous candlestick. If this bullish sequence will be continued that we can expect that soon it will lead the price action of BTC to achieve the higher than the previous highest price ever in the history of the Bitcoin. Conclusion: From short to long-term all indicators are bullish but this is a fact that the Bitcoin is struggling at the resistance of $10,000 and also at the resistance level of a symmetrical triangle that is the strongest rejection line in the history of the Bitcoin as well. Therefore, if the price action will be failed to break out these resistance levels then we can expect another rally to the downside at previous support of $9500.
BITSTAMP:BTCUSD
by moon333
1
BTCUSDT 4 hhi my dear traders As you see its after 2 year that Ethereum price is going to up , after CVID19 event that every assets was falling down in few hours! the king of crypto (BTC) could took back the prices he already deserved ! ooh I definitely I do not want to create any misunderstand, even the Growth of bitcoin will make me so happy , i believe #BTC price will climb To above of 15000$ at 2020year ! but let see this chart in the case worse at reality: 1 ) The bulls have succeeded only touch a little Shadow in 10.100.000$ thats actually nothing! 2 ) you can see the (hanging-man)(pattern) At the bearish trend line In the range 9975$ that could falling back to about 9400$ for every bitcoin as soon as possible. also bolinger indicator will shows us the prices is above very top and will probably would try to get closer to the SMA ( red middle band) 3) in other hand (RSI oscillator) shows us 86.0 number this stock is very very bought right now (in time 4H frame) and maybe take few days for complete new correction , maybe in those few days we have cahnce for new buy position. i will repeated maybe or not! note: second senario: if bulls can hold #BTC price above 9300$ we can still hope to will breake seriously (Resistanse 10500 ~ 10900) ! atention : its just my openion from price chart of BTC/USDT market, so pls dont not trade withoud any self researchs. thank you so much #hamed_mirzaie #bitcoin
by hamedmirzaie
Bitcoin Roadmap to Financial Freedom BYBIT:BTCUSD After further analysis and zooming out a bit, this is how I see Bitcoin PA playing out for the foreseeable future on the 1W chart. Initially I thought we were following a path to a more rapid selloff, but this consolidation looks a lot like what we saw Jun 19' - Sep 19', even with the timeline almost aligning to the month. Horizontal resistance at $9.5k has proven to be the top many times, and this time doesn't look to be any different. I see us running down to $7.1k, consolidating sideways for a bit, then breaking the $9.5k resistance sometime in September. After that, we look to break $10.6k with a run at $11.5k before breaking back down again. We are a lot farther away from ATH's than most think and my bags are loaded for another big trip south. Ignore the noise and follow the chart, I will lead you "past go". - PennyBag
BYBIT:BTCUSD.PShort
by PennyBagsCapital
5
Bitcoin tightenedWell i am not same others traders and i don't make 10 analyses on 10 coins everyday, i try to post at the good time when things seems to be interesting. As you can see in the chart : 1. We are reaching the end of the trendline triangle. 2. we could push again around 9950ish or down to 8650ish supported by EMA200 (red line) 3. Bollinger band showing us that we are in a tunnel and this could lead to a big move very soon. 4. i don't show all indicators, they predict bullish but i am mostly bearish right now. that said...i really suggest you to not touch BTC in this phase. Be patient for few days and wait until 19/20 July and look where the move will lead us. Buy the Dip or Follow the Breakout, i repeat again what i said many time, " Sometimes the best way to win money with trading is to not trade at all". Happy Tr4Ding and Stay Safu !
by thecryer
BTCUSD Another bullish reversal Cypher pattern is fomredHi friends hope you are well and welcome to the new update on Bitcoin. Previously we have seen that the price action of leading cryptocurrency took bullish divergence from the potential reversal zone of the bullish Shark pattern. Now it has completed the final leg of the bullish Cypher. The price action has just hit the spike in the potential reversal zone however, I am expecting soon it will be completely entered again in this PRZ level. The pattern is changed from channel to wedge: Previously the price action was moving in a channel. But after taking bounce from the support on 15th of June the priceline is not able to reach at the resistance. Therefore now the pattern is changed from channel to wedge. Support and resistance levels: At this time the price action is moving below the resistance level of $9,500. If it will be moved more down then we have the next support at $8800. In case the $8800 will be broken down then the next support would be added $8,200. And if the price action will be moved more down then the next support would be at $7500. But if the price action will breakout the $9,500 resistance level then we have very strong resistance at $10,000. At this time we can expect that if the price action will take the bullish divergence from the potential reversal zone of Cypher pattern that we have discussed earlier then it may breakout the $9,500 resistance level. The pricline is having good supports of SMAs: If we watch the simple moving averages with the time period of 25, 50, 100 and 200. Then price action is moving at 25 simple moving average support and having resistance of 50 simple moving average. If this support will be broken down then it can move more down up to 100 and 200 simple moving averages. However, these 100 and 200 SMAs are really very strong supports for the price action of BTC if priceline will be moved on these supports then it can be bounced from there. Conclusion: Even though the price action of Bitcoin has formed a bullish reversal Cypher pattern but there are chances that it will move more down to enter in the potential reversal zone of this pattern once more. But after that there will be strong possibility that the price action will move up to breakout the next resistance level. However, the potential reversal zone of Cypher can be used as stop loss. Because if this PRZ level will be broken down then the pattern can be changed from Cypher to Shark and the leg can be more longer to the downside.
BITSTAMP:BTCUSDLong
by moon333
If This Reversal Pattern Won’t Work Then Be Ready For Next DipHi friends hope you are well and welcome to the new update on Bitcoin. After showing little bit upward move the price action of Bitcoin started another down rally after 24th of June. In today's article we will try to understand what the price action of BTC can do next. Formation of bullish Shark: On 26th June I posted an article where I revealed that the price action of BTC is completing the final leg of bullish shark. This was not the first harmonic move on daily chart after forming two BATs now the price action of Bitcoin has formed other harmonic pattern. Therefore as per Fibonacci sequence of Shark I predicted that the price action may move down from $8979 up to $8809 to complete this shark. And then as per Fib sequence the price action can move up from this potential reversal zone. And finally the price action has completed the final leg as predicted and at this time it is moving above the potential reversal zone Now if we switch to 2 day chart. Then different support and resistance levels can be noticed. And we can see that after been rejected by the strongest resistance of $10,000. The price action has broken down the $9500 support and at this time the price action is re-testing the next support level at $8800 this is the same level where we have the PRZ level of bullish Shark. In case of breaking down this support, the price action may move to the next support at $8200. The role of SMAs: Now if we watch the different simple moving averages with the time period of 25, 50, 100 and 200 on daily chart. Then price action had already broken down the 25 and 50 simple moving averages. Therefore a downward move up to 100 and 200 SMAs was expected. Because the 25 simple moving average was also likely to form bear cross with 50 simple moving average just above the priceline. And this bear cross can put more pressure on the price action to downside. But as the Bitcoin has also completed the bullish Shark pattern so if the potential reversal zone of this Shark will work. Then price action can be reversed from here and we may see the price action will be moved above the 25 and 50 simple moving averages. Once BTC will have the support of 25 and 50 SMAs then we can expect that the price action will find a good support above $9,500 as well. Conclusion: Due to the support of potential reversal zone of Shark we may see a short term or midterm bullish rally like we have witenessed short term bullish rallies after the completion of previous two BAT patterns. Once the price action will again find a firm support above $9,500 then it might make another attempt to break out the $10,000 resistance level. However if the potential reversal zone will be broken down then we can expect the price action might move down to the next support at $8200.
BITSTAMP:BTCUSD
by moon333
BTCUSD Another bullish reversal pattern is appearedHey guys and gals hope you are well and welcome to the new update on Bitcoin. As the Bitcoin is being rejected by the strong rejection line that is also the resistance of a big symmetrical triangle. Therefore in today's post we will try to understand whether the Bitcoin will drop all the way down to the support of this symmetrical triangle at $6000 or not. A bullish reversal pattern on 12 hour chart: As my previous article we have seen that the price action of Bitcoin is forming different harmonic patterns with the continuity. After forming to BATs now the price action is completing the final leg of another harmonic Shark. The potential reversal zone of this Shark starts from $8979 and ends up to $8809. This potential reversal zone should be set as stop loss because if it will be broken down then the price action can move to the next support at $8,200. The support and resistance levels: After being rejected by the 10,000 dollar resistance the price action also has broken down the $9,500 support and moving towards the next support at $8800 this is the level where we also have the maximum extent of the potential reversal zone of the bullish Shark pattern that we have discussed earlier. SMA supports: The price action also has broken down the 25 and 50 simple moving averages. Now we don't have any significant support of simple moving averages between 50 and 100 SMAs. Therefore it is expected that if the price action will break down $8800 price level support then it can move more down to the next available moving average support and that is SMA 100 and at the moment that is at $8,200. Priceline is rejected by pennant resistance once more: Price action is also moving in a pennant on the daily chart. In my previous post I was expecting that after hitting at the support price action may move up to the resistance of the pennant and might hit another spike up to $10,000. I was using the combination of three indicators for this purpose the stochastic Momentum and MACD. We can observe whenever the price action is moving at the support of this pennant then these three indicators start turning bullish the price action moves up to the resistance of this pennant. This time it happened again but after reaching at resistance finally the price action droped down at the support again. At the moment the price action is again at the support of the pennant. The major resistance and symmetrical triangle: The major resistance for the priceline is not only the $10,000. This is the rejection line that is also the resistance of a very big symmetrical triangle that started from 2017. And it can be easily observed whenever the priceline is reaching at this resistance it has been rejected since 2017. At this time the Bitcoin is at this resistance. The price action is struggling break this resistance out. If the price action will again reach at the support of this symmetrical triangle then and we may see $6000 level. Because that support comes at this level and we have another support of 200 simple moving average at the same level. However on the long term we have very strong signal and that is the order of the simple moving averages with the time period of 25, 50, 100 and 200. At this time we have the biggest time period moving average below all MAs. Now we need the 25 simple moving average that is the smallest time period moving average to move above all the moving averages to complete an open alligator mouth by the simple moving averages that can lead the price action to really very big parabolic bullish move. Conclusion: On the short term the price action may move down from $8979 up to $8800 for the completion of bullish Shark. But on the long term the Bitcoin is still expected to start a very big parabolic bullish move.
BITSTAMP:BTCUSD
by moon333
3