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BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected near the 70k dollar psychological level -An ugly -9% move hitting my swing trades stop-loss location -Most altcoins are affected with this move recently invalidating some bullish structures of altcoins -But looking at price structure, BTC reacted at previous local resistance at 63k dollars -This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support -We have now a new strong resistance at 69k dollars and immediate support at 63k dollars -The uptrend is still intact as long as the bulls can defend this support -I took small losses on my swing trades but I have already updated my watchlist for new ideas -Guys, if you got stopped out too, don't worry the market is full of oppurtunity -You just have to look for coins that remain bullish and hold their current support levels -The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts -So we will have another oppurtunity once BTC shows new strength or consolidate at support -Good luck and keep safe everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
16
Bitcoin price forecast using crystal ballHello. Another analysis of Bitcoin follows, this time using geometric graphical patterns and three blockchain indicators. Price analysis Over the longer term, we can see that we are below a bullish yellow channel. This has been happening since December/2018. Since then, the price has tried to break through 2 times. If we continue with the current trend (which is bullish), the third time the price will reach U$87 thousand, and later on, U$141,000. Looking back, when trying to break the rising wedge the third time, the price plummeted down (in an ascending wedge we have the exhaustion of the buying force). On-Chain Analysis The Puell Multiple Puell Multiple can be interpreted as "If all mined bitcoins were sold immediately in the market, how profitable mining pools are compared to last historical one year?". This metric helps traders gauge the market cycles from the global view. When the value exceeds the orange dotted line, we have a profit taking, and consequently a price drop. Spent Output Profit Ratio (SOPR) "The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. " When we hit the red dotted line or break it, we hit the top and right after that comes the price drop. New addresses "The number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted". The two times the value reached the historic high, we had a drop in price. Finally So, based on all of this I made a price prediction, with a little black humor. Good winds!
INDEX:BTCUSDLong
by andre_007
BTC/USD (Test ATH Price?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the EMA 23 and Fib 0.236 from my last update -A strong entry by the bulls and the price is back above 66k dollars -If BTC breaks into new ATH, the Fib extension are the potential targets -But if a failure to break 67k dollars, a test of 63k dollar support is likely -The price action is bullish again and the same with the Altcoins space -Since my existing swing trades has hit their targets -I have opened new positions for potential movers in the coming days -Make sure to follow strong coins or look for Alts ready for trend reversal only -Good luck everyone, stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
25
BTC/USD (60k Dollars Acting Support?)💎Technical Analysis Summary💎 BTC/USD -Not much update today, Bitcoin is retesting its local support around 60k dollars -As long as the bulls can maintain above this region with the confluence of Fib 0.236 and EMA23 -The chances to form a bullish pattern is still in play in the coming days -Regarding the Altcoin space, I have opened new positions since my existing trades are already in profits -The Bitcoin Dominance keeps decreasing its value so we can expect another good rally for the Alts -But always be careful and follow your stop loss location -Because we will never know if BTC will move wild this weekend -Once your trade is in your favor, always lock in some profits or move stop loss at breakeven -This is always a part of your good risk management -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
9
BTC/USD (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the Fib .382 level and manages to hold above EMA 23 -This is a strong bullish sign in the short term price action -BTC might be also forming a bullish descending channel -If the buyers can hold above 59k dollars until next week -And we see a good breakout of this channel with decent volume -We could expect a potential upside continuation this month of November -Many Altcoins pulled back recently and I have closed some positions -To protect my capital and keep my profits intact -I can see many strong altcoins are still bullish -I expect them to continue their rally if the market condition goes well -I will re-enter new positions again once my confirmation bias is activated -As I said before, only trade those strong coins -Because those coins will definitely follow the trend of BTC -Good luck everyone and stay safe ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
BTC/USD ($59k Level Good Support?)💎Technical Analysis Summary💎 BTC/USD -Not much update for Bitcoin today -Currently testing the previous resistance level -We can see the price is reacting to this horizontal support -If the Buyers can sustain above this 59k dollar support -Consolidate and form a potentially bullish pattern in the daily timeframe -The chances to print another ATH price is likely to play out next month -Most of the strong Altcoins I'm holding are receiving good returns lately -If the BTC Dominance will continue to decrease its value -Expect many Altcoins will perform well too next month, so be ready -My advice is only to look for strong coins that have a bullish structure -Bullish patterns that are ready to break out in the coming days -Have a trading plan and proper stop loss location base on its structure -Good luck guys and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
by PolarHusk
14
BTC/USD (Test Previous Resistance?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin hit a new ATH recently but seems like a minor profit taking oppurtunity for others -The price is now testing the 60k physiological support level and previous resistance area -If BTC will consolidate within this support area and hold this level for a few days or weeks -Then, another potential to break into a new ATH level is expected next month -For the altcoins view, the BTC Dominance value started decreasing -Which will give the Alts a breather to recover and potentially have their time -I'm still into swing trades and will add more new positions once I see the good market condition -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
16
BTC/USD (New All -Time High)💎Technical Analysis Summary💎 BTC/USD -Bitcoin printed a new All-Time high and is trading above 65k dollars today -The price respected the 50W moving average since its correction phase -Since BTC is now at a new level of trading, price discovery is likely to happen -We can use fib extension to potentially look for taking profit zone can be -But for now, let us enjoy this new achievement for Bitcoin -For the altcoins, they are not receiving the best opportunity yet due to strong BTC Dominance -But their time to shine and make us good profits is coming close -BTW, I'm currently into swing trades lately and doing good now -I only traded coins with a strong price structure to increase my market bias -I will add more new positions once I see a good confirmation ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
21
If I’m wrong about Bitcoin's likely downsideMy apologies for the cluttered chart, but many of the levels are critical in coming weeks. Referencing my recent Bitcoin analysis with valid wave counts potentially taking price down to the $27k-$30k area, I want to provide a possible bullish scenario as well. Should Bitcoin's overall uptrend continue, negating my wave count and breaking through the $68,000-$70,000 (a full 4hr close in or above this area outta do it), then a clear fib price and time projection can take us to $128,000 (+/- $2500) by around December 15th, 2021. Don't put much stock into the time projection, but any meaning reversal from either direction will likely occur around this date. There are numerous confluent fib levels between $125k and $130k, including Bitcoin's beloved 1.618 extension typically reliable for projecting wave 3 tops. This is done by taking the distance between Mar 2020 lows and the April 2021 ATH, then adding this number to the confirmed end of the corrective cycle around $29k-$30k. If my original bearish scenario plays out, the next cycle’s price target will be roughly the same; obviously depending upon how low we actually go. This statement is assuming wave C is ~1:1 ratio of wave A. If my hypothesized wave C extends lower than this, then the ultimate 1.618 extension target comes down 1:1. Bitcoin is at a very critical juncture, with an upside window of around 10% before negating almost all near term bearish wave counts. (NOTE: Bitcoin could actually go much higher than the ATH as part of the c of B correction, but it’s proportionately improbable as price rises (without invalidating the count). Just for fun, if you take the trend based fib time tool and measure the lapsed time of my entire wave a of B, then extend this time from the end of my wave b of B, you get October 20th for the .382 time extension. This would be the first possible/likely time frame of establishing a reversal to conclude wave B. As mentioned above, don’t put too much stock into my fib time statements. The problem is, it always looks/works incredible in hindsight. It’s a quite helpful tool when establishing wave counts of established patterns; but that can be said for all fib tools. This is not financial advice. I am NOT a financial advisor. I’ve been wave counting for roughly 17 years now and just absolutely love everything about EWT, Fibonnaci Analysis, and just charting in general. Me taking the extra time to write these ideas is done solely for fun, both teaching others and having others teach me. I'm not recommending you transact actual assets based on anything I post, ever. Justin
by DataMaestro
4
BTC $72k to $83k top plausible?I show, that no matter which pivot you choose for wave (4) for BTC, a pitchfork analysis shows, that a BTC wave (5) final top range of $72k to $83k top is very plausible. So why the $72k to $83k range? These numbers have some interesting confluences. I'm not a fortune teller, all I'm saying is sleep with one eye open for this low BTC target price (compared to other predictions) for the top. CONFLUENCES The historical curve trend of BLX on log graph can easily give a top anywhere from $72k to $100k, depending on how you draw it. $72k is 4.236 fib of the 2017-2018 bullrun high $83k would be the top if you compare the 2011-2013 fractal to the 2015 low-2021 high range. The left side of the above chart shows, that if to use BTC $28k as the wave (4) pivot, then a pitchfork easily gives this range as a top. And the last subwave 5 with a 4.618 would get to $72k for wave (5) , matching with my point [2} above. The right side of the above chart shows, that if to use the truncated pivot as the wave (4) instead of the $28k wick, then a final wave (5) can still top out in the range. In such a case, with fibonaccis of $77k (0.618) to $86k (1.0). //// And as a final note. In 2017-2018 bull run, everyone was convinced the bull market was in force not realizing BTC had in fact topped. Many altcoins topped at the same time, while many exploded AFTER BTC topped for about a month. So, couldn't a $72k-$83k BTC top set up a similar bullish fervor, since so many are convinced that BTC is going to $100k to $250k. Especially with so many holding to a 4-year cycle theory linear extrapolation ($250k), plus the ETF news? If you have much higher BTC price targets, just keep an eye on this $72k to $83k range. That's all I'm saying. There will be many other signs when the top occurs, so don't ignore them.
BITSTAMP:BTCUSDLong
by gz1968
BTC/USD (58k Dollar Immediate Support)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is back above the 60k dollar and hitting as high as 62k dollars -Only a few percentages away from making a new All-time high price -The bulls have shown a strong move up since the breakout of 58k dollars -For now, if BTC can hold above 58k as an immediate support area -The chances to test the ATH level in the coming days is in play -Regarding the altcoin space, the BTC dominance still trading above 46 level -This is not a good sign for the altcoins because their strength is stalling -Once Bitcoin starts to consolidate, that is the time Altcoin will recover faster -Let us watch how BTC will react in the next few days -And prepare for new swing trade for altcoins ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
15
BTC in a bearish channel? $23k in the cards for Nov/Dec?While many people are calling for BTC to go to $100k by Q4, I see a different view when I look at the chart. BTC looks to be in a bearish channel heading for lower lows. While I'm bullish in the short term with upside to $50k-52.8k (the restest of the prior high), I think a rejection there would setup a massive move down to $23k bottoming sometime in November/Early December. A move which I don't think many are expecting or think is possible. I don't think the move will play out quickly though, I think a rejection in the $50k range in October would setup a short term retracement down to the $37k-low 40k range and would likely find support there to setup alts to run for the remainder of October and into potentially first week of November, but after that, I think setting tight stop losses might be a good idea, bc if we retrace to the low $23k range, alts will likely bleed out all of the gains from October. I think we're likely to find a bottom in November/December, and should see a massive bounce to the top of the channel (~$44-46k) after finding a bottom at $23k, which should setup a nice end of the year rally for altcoins... But then, don't get your hopes up, as I think BTC will ultimately bottom somewhere in the $10k range around March/April. Let's see how it all plays out over the coming weeks/months. Good luck. Invalidation of this idea would be a test and close over the September high ($52.8k)
COINBASE:BTCUSDShort
by benjihyam
11
Break ATH $165k in play, Break $34k and $10k in play. Let's see.If we break and close above the ATH, then I think we're likely to see $165k as the next target to the upside. If we break and close below that bull/bear line on the chart, then it leads me to believe that $10k will be in play. Either direction we go, be ready to play it. You could set stops below $34k or buy upon a break (and close) of $65k. I don't think we'll get a breakout anytime soon though. It looks like we need time to consolidate before moving higher or lower. I think we're likely to consolidate within this structure over the coming months before getting a breakout in either direction. Key dates on the chart for changes in price action.
INDEX:BTCUSD
by benjihyam
4
The King Is Back ATH Soon!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Bitcoin has had an absolute tear to the upside form 40K to 57,500$. We are now approaching some resistance shown in the red around 57-60K level, I do expect some sort of pullback maybe to around 48-52K range before eventually making new all time high. Enjoy everyone and don't forget to take some profits and enjoy!
BITSTAMP:BTCUSDLong
by IWealthCommunity