Bitcoin Bullish Bitcoin rise from 19500 the bullish price confirmation toward the 30000 levels the crypto Market cap shows the investors in Crypto will rise more and more
Bitoinlong
BTC/USD 21h TF Speculative Fractal Repetition to 100k EOYSpeculative analysis of a fractal compared to MA confusion and with the Fibonnaci channel that tracks the macro trend of the lines in the logarithmic chart.
There is a certain chance that a possible repeat of the fractal, which lasted from September 2020 to March 2021, with an alternative to a rapid repetition, that would aim to reach a price of nearly USD 100k before the end of the year.
Fractal was modified modelled on the S2F (stock to flow) model. This price movement will only be possible on the condition that the entire stock market has exponential growth because there are signs that the dollar will weaken significantly in the coming period, and the first indicators are visible from today's pump on the start of the Fed's last meeting this year and the speech of the head of that state body, Jerome Powell.
Simple fundamentals, simple technicals.
NFI.
DYOR
Cheers!
Daily BTC analysis: Bitcoin is still looking weak and showing la***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇
I was sick for the past few days so could not post any charts.
As mentioned in my last post, I am not comfortable with this Bitcoin long until we get a close above $36.500.
Bitcoin is still looking weak and showing a lack of demand. I will not try to catch the bottom, I will let buyers react first, I believe the next area to buy will be around $28,900 then around $24K
My only advice is don't overtrade in this situation and wait for market reaction
Let's hope we pump soon. Until then keep an eye on your position and happy trading.
Bitcoin Price Move: What's Coming?Bitcoin was in the Bullish Trend line but it could not continue the rally and Bitcoin broke the Bullish Trend Line. Bears took uncalled control over the market, mid of the week. But we saw it coming. Yesterday we posted the Bitcoin Price Update with two scenarios, two one was the wedge pattern predicting that the price can move any direction on closing wedge.
Currently trading at $326550, there is a strong accumulation zone down the price and the buying whales are waiting to buy at the red region however we may see the price nearing the $31000 range before an actual breakout, nothing to freak out.
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Bitcoin may touch $37K+. Here's whyWarning: our thoughts are ours; not financial advice.
However, it could save you from major losses and potential gains.
It's a RED market. This could continue for a while.
Briefly, this is what we think of Bitcoin.
Right now, we are watching two important levels; the dynamic support of the 21 MA at $37K+ and the bottom of our channel at $36,500.
There's no need to panic unless we see a close below $36K.
Till then, let's watch as things play out and HODL.
Nevertheless, Bitcoin is on a bullish trend, long-term.
Crazy BTC Mystical ConvergencesI've labeled this as "neutral" because I don't want to lead anyone into a bad trade and also because I stand by my standard pre-emptor: BITCOIN CAN ALWAYS GO IN EITHER DIRECTION AND THERE WILL ALWAYS, IN RETROSPECT, BE A TECHNICAL ANALYSIS-RELATED EXPLANATION/RATIONALIZATION FOR THE MOVE.
That said, the full-lifecycle Bitcoin chart never ceases to fascinate and mystify me. It's kind of like an archeological dig: full of mysteries and secrets and treasures and curses. I was looking at it yesterday and something popped out. I realized that we now could be, appear to be, forming, IN MINIATURE, the same series of formations that painted the last bull-bear market cycle.
Everyone already knows - the last bull/bear cycle occurred via a huge descending triangle capitulating into an "Adam & Eve" formation (ie, steep rise/quick recovery followed by a long falling wedge). That descending triangle only played out about halfway, according to its measured move, before forming the bear market bottom and starting the Adam & Eve formation.
Well - we now POTENTIALLY (emphasis on potentially) have the same thing happening, only on a smaller scale. We've had the same descending triangle pattern form. We capitulated from it but only to about half of its measured move, and now we appear to be getting some bullish momentum. If this weekly candle makes it to the 8900/9K area, which, incidentally, is where the weekly 21 EMA is currently hanging out (and a retest of that EMA would be completely normal and expected) we would essentially have our "Adam" formation, which, just like in the bigger bull-bear market cycle, formed by going roughly halfway back up the big red capitulation candle (this point would also be halfway). Then, if we start to form a long falling wedge that takes 4 to 6 weeks to play out, we will have our "Eve" formation - exactly as we did in the last bull-bear market cycle. After which we should expect our bull run/market to continue in rather explosive fashion.
What's even weirder is that a similar thing happened back in the the 2013 to 2016 Bull-Bear market cycle - with a smaller version of the bigger bull-bear pattern forming after the initial upside out of the bear market.
Of course, this theory could very easily be invalidated by a single red candle. If our next move out of this consolidation area goes to 7100 instead of 9K, it's pretty much invalidated. Likewise if after we go to 9k we keep going up or just go totally sideways.
So - this is certainly NOT confirmed yet. But it's something I noticed and thought it would be fund to share.
Bitcoin perfectly follows Fibonacci. Building horizontal line?Bitcoin is perfectly following the Fibonacci sequence. I see patterns which looks like the chart is building an horizontal line now? Will this be a steady point?
Fluctuations will continue between 8700 and 10700. Every time when the resistances get broken, there is a change the price will go more long above 10700 or more short below 8700, and following fibonacci sequence prices will be touched. Interesting! I am very curious what will happen coming months/years.
Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash and Ethernum!
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My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Bitcoin bouncing off major support,remain bullish for correctionBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497.
Reason for the trading strategy (fundamentally):
Price has dropped strongly amid concerns in Asia as investors still keep an eye out on the crackdown in Korea. Most recently a senior official at the People’s Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country. The goal is to end all cryptocurrency trading-related activities and services. This has rattled the market strongly leading to its sell off.
Reason for the trading strategy (technically):
Price has dropped strongly since yesterday and we’re seeing that price has bounced off major support at 10332 (ABC Fibonacci extension, long term 50% Fibonacci retracement) and we expect an intermediate corrective bounce from here. Our first target would be 12808 (38.2% Fibonacci retracement, horizontal pullback resistance, breakout level) before 14497 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 12% where we expect a corresponding bounce from.
