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.
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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!
BLX
Moment of truth - BITCOINHello dear crypto friends!
New all-time high or bear market after all?
No idea. All I know is that all of Twitter is bullish again and influencers are summoning the moon.
Whereas the last remaining bears are looking for explanations.
So what to do?
Keep it simple!
What do we see?
Major Gann resistance for next week, price marked.
And what else is there?
Right, the 0.786 FIB level, which Bitcoin loves for corrections.
I'm not a perma-bear, I'm just saying that these two resistances should be overcome before we dream of a new ATH.
Stick to facts.
Thanks and good trades!
BTC/USD (New Swing Top)💎Technical Analysis Summary💎
BTC/USD
-Finally, BTC broke above the previous swing top at 53k dollars
-Most short players got their stop loss hit after hitting as high as 56k dollars
-The Bulls are back in momentum but we will have a much better view once the weekly candle is closed
-For now, our immediate support is the Fib 0.236-0.382 region with the confluence of previous resistance
-As long as the Buyers can hold above this area, the point of view is still going up
-I can see strong coins showing a potential continuation pattern for new highs
-I'm currently into swing trades right now and it is on profits too after a big win recently
-My small losses are now covered so I will keep these winning trades ride the trend
-Happy trading everyone and always plan your next trade
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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BTC view through March 2022. Price to $9-14k?While I do think we're due for a bounce here. I think the highest that we're likely to go is ~$47k before we see a reversal lower. If we do manage to get above that level, then we'd have to break $52k and close above it for price to change bullish.
If we don't close above that range, then I think this scenario is likely where we'll see BTC at $9-14k in March of 2022.
Pivots, supports and timing on the chart.
BTC/USD (Test 53k Swing Top?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is looking good today after a bullish retest on the S/R level
-The chances to retest the 53k recent swing top is highly probable now
-If BTC reaches the 53k level, we will have to observe for any price reaction
-If the price will go higher or faces rejection because the sellers might re-enter
-There is always a risk to consider if you have any position opened
-I'm currently in a big win trade and small loses
-I'm always keeping my losses small and keeping my winning trades hit my targets
-This is how I become consistent in this environment
-I want everyone to follow the same and please risk management is very important
-Alright, stay safe, and good luck everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
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 💱
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BTC More LikelyIf that red Area breaks - We can expect Sharp Moves from BTC to go Above 100k
if not - We can expect other ATHs from BTC after Testing 37k - 38k or Maybe Maybe 30k Again in the next 4 Months(at least) from now on (Which is more likely)
Before this I said : BTC can Break 30k and hit 21k - I think that they don't want BTC to Lose 30k (not yet - Or Maybe Never - even after the Next Huge Ups and Downs)
We need Next ATH before mid 2022 - and then reset needed for the next big move to start before the Next halving
So this is my last Post - brb after 4 Months xD
Trade &
Have Fun :)
BTC/USD (Bullish Weekly Candle?)💎Technical Analysis Summary💎
BTC/USD
-The bulls showed their strength back after confirming the 40k dollar new key support
-The 40k dollar zone is a confluence of multiple factors like the S/R level, 50W MA, Fib 0.618
-This weekly candle is about to close in 3 hours, if this one closes above 46k that is a good sign
-A potential upside continuation up to its recent swing top around 52k dollar
-This will be an exciting week for the crypto space as I can see the market is back
-I am currently into swing trades right now and will add more to my positions soon
-Good luck everyone and make sure to plan your trades
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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BTC/USD (Bullish Pattern Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Finally, the bulls showed up after a double bottom reversal pattern is confirmed
-This pattern is also a confluence of a descending bullish channel
-Which is trading in the key area of interest around the 40k dollar zone
-Currently, BTC is testing the mid resistance level at 48k dollar
-If the bulls will continue to go higher, the next stop is the recent swing level at 52k dollars
-Congrats for the bulls today, all they have to do is to consolidate and stay above 44k to stay strong
-I'll start looking for coins that haven't move any significant or are ready for a potential upside reversal
-Stay safe and good luck everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Bitcoin Potential ABC wave based on MACD and RSI similaritiesIt has become apparent that bitcoin is setting a lower high. With a move as impulsive as bitcoin experienced it is natural to look for an ABC correction after such a move. There are many ways that the price action and charts could develop but the ABC correction is one of the simplest and most fundamental moves that can exist in any analysts tool box and the nice thing is target setting isn't all that difficult. The hard part is sticking to the plan when the emotions start to get high.
The Analysis
The charts have a lot of similarities. First would be a high that was reached impulsively and then enough sideways and down action to create a MACD-Singal cross and the MACD going below zero. That happened in the 2014 bear market and we can see it has happened again. The B wave created a bullish MACD-Signal line cross that has not been sustained and when the MACD crossed the signal line again it was about 23 weeks from the cross to the low at $164 (not shown). The current price action has created the same bearish MACD-Signal line cross and this prospective (for now) B wave created a bullish MACD-Signal cross that has not been sustained. We are part way through the week but if the pattern holds the MACD will continue downward with price action and the MACD will go zero before it crosses bullish again.
Not only has my prospective B-wave created the similar structure on the MACD but it has done the same with the MACD-EMAs. I like to visualize the MACD-EMAs for such a purpose. MACD crosses can have a lot more detail added when you also compare the crosses to what is happening with the EMAs. This price action popping above and then below is very telling, and hopeful for traders, predictive. If this pattern holds we won't see the MACD EMAs crossed bullishly until after the new low is in.
The price saw strong wicking below the 1 line of the fib extension on the first touch and the second touch saw price action only go below the 1 line by a dollar. That second touch also occurred as price action got above the resistance trendline created by the tops of the ATH and the B wave. At this point time will tell which fib extension level would be reached if we are truly in an ABC correction. No matter what of I am broadly correct the extension levels remain the same, what does change are the buy areas for more dynamic trading systems would suggest. So far the two big boys for calling the lows on BTCUSD have been the 200w SMA and the bottom of the monthly Keltner channel. Historically those have both done a great job of calling the lows on a monthly basis and may continue to do so from here on out. Right now the gap between the 200w and the bottom of the Keltner channel is pretty wide but if we continue sideways for a while they should meet up again.
The RSI for now is just to be watched. It helped find the low in 2014 when it approached 30 on the weekly.
Trades
The first technical trade under this assumption is to short the C leg down. There are various entry strategies but a simple one has us looking at the weekly Heiken Ashi chart. The two red candles with no top wicks suggest that the momentum is picking up to the downside and it is unlikely that any rally will go beyond the high around 53k. Shorting daily strength or looking for bearish structures for entries would be advisable, if I was qualified to give advice which I am not (lol). And you guys on your phones are gonna squint at the next chart.
The next trade after that would be long entries. The strong handed accumulators would be buying around the low of the monthly keltner or the 200w as they had before. More cautious traders would be looking for price action to close weekly candles above the trendline from ATH to the top of the B wave. That is a ways off. This is long term planning and so this idea is not for day traders or perhaps most swing traders. I hope to be able to accumulate for a year or more before this starts to move again.
BTC/USD (100D MA Acting Support?)💎Technical Analysis Summary💎
BTC/USD
-Every time the price goes above 44k dollars, the bears always enter the market
-We can see two downward trendline resistance which is acting heavy in the short term
-The only good thing right now is BTC is holding the Fib 0.5 and 100D moving average
-We will soon see a breakout direction within this week either up or down
-Guys, if you are holding any trade, please make sure to follow your stop loss location
-This is the time risk management discipline is very important for the past few days
-Regarding the BTC Dominance level, it is currently showing strength
-That is why the Altcoin space is looking weaker against the Bitcoin pairing
-Only two days left before the monthly candle closes
-Things are getting interesting for the coming month of October
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Exercise Proper Risk Management 💱
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BTC/USD (Must Hold 40k Dollars)💎Technical Analysis Summary💎
BTC/USD
-The previous support area has turned resistant today
-This zone is a perfect entry for the sellers to enter the market
-Another lower high structure is being painted by the Bears
-The Bulls needs a lot of work to do, they need to defend its recent mid support
-If the buyers can hold the 40k dollar area and bounces up like a double bottom reversal
-That can be our next step to look for a new trading opportunity in the coming days
-I am still not into any swing trade yet, and I am patiently waiting for the best confirmation
-Stay safe everyone and please manage your risk if the market is not in your favor
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
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 💱
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BTCUSDT Headed For 260,000 By Dec. 2021Hello guys, as you can see from the chart BTC has been forming a symmetrical Triangle since April.
This years run up never formed a blow off the top which tells me that the end is far from completion.
To maximize your gains holding BTC right now is your best option as BTC will out perform majority of the altcoins til December.
Once BTC does a blow off the top that is when altcoin season will begin and it will last for 2 to 4 weeks of non stop crazy gains.
After Altcoin season ends we may be in a multi year bear market. With a bounce off the 200MA or 20,000k support. It is the next best entry point to go long and get your altcoin of your choice for cheap.
The Reason Why Most Traders Loose Money Is Because They Use Leverage Without Proper Management. SO DONT USE LEVERAGE, ANYTHING IS BETTER THAN 0.
This is Lambo Season So Don't Miss Out!!!
I Am Not A Financial Advisor So Trade At You Own Risk
Bitcoin update 20.09.2021For the mid - term (1-3 months), I think the Bitcoin price will move in the descending channel . BTCUSD had reached the premium zone by Fibonacci for bears and felt impulsively by 20%. Following my global vision, which you can see in the previous publication, I assume a planned decline to 39-40K in the short term(till 1 month). Then there will probably be some rebound. Stay tuned for future updates.
Best regards EXCAVO
BTC/USD (Retest Previous Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin defending the Fib 0.5 level or 40k dollar zone
-The price bounce up by almost 12% today which is a good sign
-We can see many altcoins are also finding their new support area
-This could be a good positive view in the coming days
-Bitcoin is about to retest its previous support of around 44k-47k dollars
-If we can see the price holding on that region, potential to retest 49k level
-Otherwise, a pullback is likely to happen next week and the overall market will be affected
-I am looking for a new trade but not too optimistic because of the current condition
-This is not the right time to go full force in trading but to strictly follow your risk management
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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BitcoinMost momentum indicators( RSI , MACD , e.g.) show bullish divergence on the 1H timeframe.
SFP(swing failure pattern) worked out.
The price moves in a descending channel . There is the accumulation process under the channel's midline.
I expect an upward movement in the coming days.
In the chart shown, you can find all the key levels and resistance zones, liquidity pools.
Best regards EXCAVO
BTC/USD (Daily Mid Support Hit)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin hit the mid support around 40k dollar zone
-This area is a confluence of the 100D MA and Fib 0.5
-We can see the price reacted bullishly on this level
-The bulls immediately bought the dip within few minutes
-This is a good short term strength but still not enough
-We need to see BTC holding above Fib 0.5 for at least 3-5 days
-To confirm our bias that this area is establishing a supported territory
-For now, I'm patiently waiting for BTC to show more strength
-Before potentially entering new swing trade ideas
-Always take note that trading is not a race but a marathon
-Good luck everyone and keep safe
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````
BTC/USD (Test Important Daily Support)💎Technical Analysis Summary💎
BTC/USD
-Things went bad for Bitcoin today as the price is back at the neckline support
-The price declined by almost -14% from the Right Shoulder swing point
-The overall market received a negative impact which leads to multiple stops out or liquidation
-I am technical out of my swing trade positions at a small loss today
-Getting stop out is always part of this game, you just need to know when to exit and re-enter
-If this bearish pattern will continue in the coming days, the potential next support is around 40k dollars
-Guys, be cautious on your next trade because the market is looking bad in the short term view
-Make sure to strictly follow your cut loss level and limit your portfolio allocation
-Risk management is very important during this time and trade discipline
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````
BTC 2 Scenarios - Up or Down?It Seems Like BTC has 2 Scenarios, These upcoming 2 Weeks are very important
1st Scenario (Lower Possibility) : If BTC remain under the 52k until the end of September ...
... Another Down Trend will be start - Tp could be At least 37k - or BTC can go even Deeper to the the 30k or Even 21k again until the end of 2021 or Maybe 2022 Feb (the Possible C wave)
And after that - New Bull Market will start
2nd Scenario (Higher Possibility) : If BTC Breaks the 52k in the next 2 Weeks
It means the Bull market didn't End yet - Possible Wave will be Around 90k or Maybe 120k?
But Note this: If 2nd Scenario happens - Make sure to trade carefully - coz trading wont be easy like before - it'll have lots and lots and lots of sharp moves (ups and downs) - Maybe *Holding until 90k* vs Trading could be a better decision.
As We said 4 5 Months ago in each post - We'll have another ATH after this Correction
idk man xD it depends on the Next 2 Weekly Candles
Let's see what's gonna happen
I'll update this In the end of September
Btw, you can check my last Analysis with this title(Related to this Idea) : The Next Ups and Downs of BTC
Cya - Gl & hf :)