BTC/USDT (44k Dollars Daily Support?)💎Technical Analysis Summary💎
BTC/USDT
-We have two potential Bullish scenarios for Bitcoin today
-First is to hold the current level and bounce up to 51k-53k dollars
-Because we can see two rejection at 44k dollars support area
-This zone is a confluence of previous resistance and 0.5 Fib level
-That is a good reason for price reaction on the 2nd retest
-The second scenario is a mid correction down to the 50D MA support
-With conjunction of the golden Fib 0.618 which can act as a strong buy signal
-But if the second analysis will play out, expect the over-all market to follow BTC
-So please be prepared for both scenarios as we are in a correction phase
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BLX
BTC BEYOND FUDThis is not a dip folks.. bitcoin dropped from 60k to 45k that's insane.. i am assuming tether exit is nearby or maybe it could be some profit taking.. god knows best!
careful if u are in profit maybe consider 50% profit taking and rebuying at lower price.. Remeber those who are here longer makes the most gains.. if you get liquidated or lose them gains you wont be here when btc hits 1 million in 2030. Take profits simps!!! and may god be with you !!!!
this is ugly and i fear we might even go lower to retest 20k break! assume the worst and you wont be surprised :)
BTC/USD (Short-term Weakness?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed at 52 dollar resistance zone and has now come back to its recent low
-The 45k local support must hold if we want a shorter consolidation
-And bounce up to break the new resistance trendline around 50k level
-To invalidate these bearish signs in this short term analysis
-Worst-case scenario, BTC will retest the 41k dollar area which was previous resistance
-Plus with the confluence of 200MA in the 4H time frame
-There is a good chance of reaction bounce if the price will go that deep
-So prepare for another correction including most altcoins
-I expect the Altcoins to test their 50D MA support if we get there
-Crucial time for both BTC and Altcoin, we are about to enter the weekend
-Please trade responsibly and follow your plan
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BTC/USD (20D MA Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin just had a -23% retracement from its top around 58k dollars
-The price retested the 20D MA for the 3rd day and still holding
-If we want to see a strong uptrend momentum
-Bitcoin must not close below 20D MA in the coming 1-3 days
-Because if it does, we might see a potential test of the 50D MA below
-That would be around -30% retracement and Altcoins will have another correction
-Though the overall market is still in a Bullish cycle
-Expect a much longer consolidation around 40k level if this 2nd scenario will play out
-But I think it will be a good opportunity for the Altcoins to recover during a long period of sideways trading
-Please be prepared for both scenario and have a trading plan before you click the trigger button
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Respecting the Fibonacci Circle - TransitionsThis is the BLX chart
Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring.
This is cool because it shows the power these tools have over price, and the power of analysis.
Current price has broken to the upside
Very bullish for BTC however I still recommend ETH (a lot of smart people behind it)
Bet I guess.
Some more analyses for BLX
BTC/USDT (Short-term Consolidation?)💎Technical Analysis Summary💎
BTC/USDT
-The 50k breakout and restest was perfect and hit my potential target of around 57k dollars
-Bitcoin is ready for short-term consolidation again and it failed to go above 58k dollars
-Our guide is the 20MA moving average on 4 hour time frame period
-This has been tested recently the price bounce up by more than 5%
-If BTC will retest this dynamic support again we will have to observe any price rejection
-If it does, I think the 54k-55k area is our new local support
-There is no major red flag today, these are only signs of profit-taking at this high level
-Since Bitcoin's volatility is high, always expect a price movement of more than 5%
-Regarding the Altcoins health, they are still safe provided we will not go below 50k dollars
-We still have few hours left before the weekly candle closes
-And it seems it will close bullish green
-Interesting trading action again for the next 7 days
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If you thought this Bull Run for Bitcoin was ending soon.....Think again and zoom out of those 1, 2 ,5 ,10, 1 hr 4 hr time frames once in a while to get the bigger picture.
Comparing to previous fractals and trend we are not even halfway there yet. Enjoy the ride and most of all have patience!!
We should be fortunate to have access to all of these tools
BTC/USDT (New All Time High)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin broke another All-Time High today at 54k dollars
-The previous resistance of around 50k dollars is retested as new support
-The price bounces up with the confluence of 20 Moving Average
-If the Bulls can send more follow-through in the coming hours
-The potential next target is 56k to 57k dollars
-Please don't short the market especially there is no resistance ahead
-Some altcoins might pullback due to money flow transfer back to BTC
-Be ready with your Altcoins because once BTC starts to a pullback or consolidate
-Strong Altcoins will start moving up again and faster
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Bitcoin BTC Homeostatic Gripline to 80k - 86kHello everyone,
this is a simple proven trendline for the Bitcoin.
It allows you to see where the next big resistance is, a resistance which of course could then become a big support for the years to come.
Please pay attention to it because she is electric!
Best to you !
BTC/USDT (Challenge 50k Level Again?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is trading just below 50k dollars
-And this level of resistance seems to be strong
-We can see this area has been tested 3x times already
-The Bulls still trying to push the price up to and interested to get in
-Our short-term guide is the 20MA on the 4H time frame
-We will soon have a market breakout direction within 24-48 hours
-Be prepared because the BTC Dominance chart is showing signs of strength
-This will lead to a minor pullback in most altcoins in the coming few days
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Bitcoin 100k ScenariosSo here you get my view on 4 scenarios to go 100,000$. i made it very simple in graph. Don't check the live price of BTC on this analyse cuz i used BLX index.
1. Greedy Scenario (Green) :
- BTC break 50k now and still have FOMO Power and go straight to 100k.
2. Optimistic Scenario 2 (Yellow) :
- BTC will pass 50k hardly and retrace around 38K (61.8% Fibo) and back up stronger to Break 50k.
3. Realistic Scenario (Orange) :
- BTC will pass 50k and retrace to 20k first before restarting his pump.
4. Sad Scenario (Red) :
- BTC will retrace to 9K ish ( EMA300), this is the Strongest support for BTC.
i am naturally optimistic on BTC so i would bet on... Scenario 2. Let me know what you think in comments.
Happy Tr4Ding !
BTC/USDT (Support Found?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have found support around mid 45k dollars region
-This is a confluence of previous trading support zone plus 50 Moving Average
-There is a potential short-term resistance trendline at 48k dollars
-This may act as a barrier but if Bitcoin can overcome this line
-I think we can be safe again in the next few days of trading
-We saw corrections on most Altcoins today
-But that is normal and is expected due to profit-taking
-Since the Altcoin market has been strong for the past few weeks now
-There is no need to panic, just make sure you can buy the Altcoins at a dip
-Provided these coins are at support and moving averages like 50,100,200 are aligned
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🔥 Bitcoin Has More Room To Grow: Logarithmic AnalysisIn my previous long term Bitcoin analysis I argued that we had much more room to grow, more than 50% actually. This post is to indicate that the current bull trend is far from over and that we, most likely, will have another couple of weeks of the current market.
Seeing this week's sharp increase, the following couple of weeks will most likely be bullish too until the price reaches the upper resistance on the chart. Around that area, be wary that the price might reverse and start a bearish trend. Do your own due diligence.
Happy trading!
BTC/USDT (Short-term Consolidation?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is approaching near 50k dollar resistance level
-The price is reacting to every good fundamental news recently
-It is currently consolidating and retested the 20MA short term support
-The price bounces off for the 2nd time around which is a good sign of strength
-It seems the 48k dollar resistance area is acting as a strong barrier
-Though buyers are still interested at this high price
-I can say, Bitcoin is like to consolidate in this range until next week
-If it does, the chances to break this resistance zone will increase
-For now, there is no major red flag and the Altcoin space is loving it
-But always remember to follow your trading plan and put stop loss always
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Bitcoin Full Bull Cycle 2021 $194k $BTCBNC:BLX
Fibs are based on log and 0 fib from the last two cycles are drawn from the previous 1.618 fib levels (pink lines).
Max Keiser's $220k target is basically the 2.3 fib extension using the very bottom of the 2020 bear market bottom wick.
My target is the 2.39 fib extension which is the average of the two previous bull market fib extensions 2.3 and 2.486.
This gives a bullish target of $194k. While I think Max Keiser's target is possible it's only a 12% difference and could be an intraday move.
You don't have to catch the top, you just have to ride the dragon most of the way
BTC/USD (New ATH Today)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin hits new ATH today after the recent news
-What I would like to see if the candle can close above 41k dollars
-Because that is the candle body resistance area last January 9-10
-If BTC can finish this after 6 hours left before closing
-That would be a strong sign for the Bulls
-So I'm expecting more upside scenario in the coming days
-Congrats to the Bulls and long term holders
-For the Altcoin side, some may have pullback due to money flow transfer to BTC
-But soon as the BTC volatility slows down, expect another rally for the Altcoins
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BTC/USD (Retest ATH?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin broke the mid resistance line around 39k dollars
-This is a strong sign of strength is terms of price action
-There is a high chance it will retest the ATH price at 42k dollars
-But if the Bulls can't pass through new ATH
-The next potential scenario is to retest the 39k area
-Interesting weekly candle close
-I will update the new analysis tomorrow
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BTC/USDT (39k Dollars New Resistance?)💎Technical Analysis Summary💎
Binance: BTC/USDT
-Bitcoin did a good job breaking out the trendline resistance
-It also manages to hit the near 39k dollars area
-But immediately found resistance the second time around
-The 38k-39k dollars is the next key area that needs to break in the coming days
-If BTC will try to retrace the potential local support is around 35k dollars
-The Bulls must defend it to keep the strong momentum alive
-There is no major red flag today, only potential minor correction
-The altcoins are safe for the next few days
-But always remember to put stop loss in every trade
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BTC/USDT (New Sign of Strength?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin is trying to break above the trendline resistance today
-There is still less than 6 hours left before this daily candle closes
-If the BTC can hold around 33k-34k dollars, that would be a good Bullish sign
-This will give us a strong bias that the trendline resistance is no longer valid
-If it can form at least 2-3 green candles in the next few days
-The chances to retest the 38k-40k resistance will increase
-We can be safe for now and our immediate guide is the 9MA support
-Expect some altcoins to perform stronger versus Bitcoin again this week
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