Blxusd
BTC/USD (37k Dollars New Support?)BTC/USD
-Bitcoin found support at near the 20D Moving Average
-We can see a strong move up by the Bulls
-If this daily candle closes in green
-We can say the 37k dollar is our immediate support
-If and only if the recent top is broken upwards
-The chances to go higher increase to test 47k sell area
-For now, everything is looking safe again
-Some Altcoins is looking ready for mini reversals
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
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 (Good Monthly Support?)💎Technical Analysis Summary💎
BTC/USD
-Finally, after 3 months of red candles. The month of July finishes strong
-Bitcoin has a monthly immediate key area of support around 35k-29k dollars
-This is the zone we need to watch for the remaining months of this year 2021
-As long as this area will hold, BTC will remain Bullish until the end of the year
-For now, I'm expecting a few months of sideways trading again
-During this consolidation, Let us see if the Altcoins space will move stronger
-Because most of the time, Altcoins performs better when BTC trade-in range
-I will always keep my watchlist updated and hopefully share some of my public ideas
-See you and Good luck! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
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 (40k Area Acting Resistance?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is currently testing the mid resistance area after a 40% increased from the 29k region
-This zone is a confluence of previous tops from January 8, May 26, June 15 trading
-Also, the 100 Moving Average is sitting inside this zone
-Take note, the RSI hit the 70 level or overbought territory
-After 9 trading days with all green candles, it is potential painting a red day
-If BTC tops out or slows down from here, expect a mini consolidation range
-A correction is likely to happen if not yet then BTC might break the 42k zone
-Let us wait and see which way the market will go within 24hrs-48hrs
-Good luck traders and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````
algo targets, long\short setups 🔑looks like we've confirmed this impulse quite eloquently, and i think we can all agree on that together.
this is my current projection as of this morning, and the one i am willing to trade with confidence.
sub wave 3 target: 43~45k
sub wave 4 target: 39~37k
sub wave 5 target: 47~50k.
this should put in wave (1) on a higher degree; after which we should in theory see a 0.618% retracement of this entire move into wave (2) on the higher degree.
that wave (2) algo target is beautifully in confluence with a retest of the bigger bull channel which is at play, it's also the strongest area of demand in this current visible range.
BTC/USD (New Strength)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin finally confirms the weekly key support area
-After a strong recovery back above the 50W MA and hitting the 40k level
-We can say BTC is safe for now in the coming weeks
-But the Bulls can't stay relax because the 40k dollar is acting as a strong barrier
-And also, we have a new CME price gap of around 34k-32k dollars
-We know these gaps are likely to get filled soon
-If you noticed some Altcoins are not doing well during BTC run-up
-It is because the Bitcoin Dominance level increases too by 5%
-The Altcoin space may move weak or slow in the coming days
-Unless the BTC Dominance decreases and Bitcoin moves in a range
-Congrats for the Bulls, let us see if they can make another follow-through
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````
More Fib Circles BLX BitcoinDemonstrating the Power of the circle
Red areas = price decline as per hitting an area of the circle
Green areas = support area as per hitting an area of the circle
Linked is my guide to using the circle tool
Really do enjoy using this tool to portray support and resistance zones
Bitcoin Analysis and Commentary BLX Optimal entry point directed on chart
This is along a curve that has extended from the previous bull market top
An observation I can't display on chart is that the 200MA is forming a somewhat "W" pattern, meaning the structure of the 200MA is in the form of a W
Made a little spread between the entry point due to possible error while drawing the curve
btc long setup 7\22.Now that we know where we are, we can safely know where we are going.
Wave 4 corrections tend to be very complex, and very complicated to figure out - which is why i have spend so many days and nights working on this picture; unlike simple corrections which are a piece of cake and take me a few minutes to chart. This was one of the hardest charts I've ever had the pleasure of working on, and it was very much worth the experience.
--------
I am safely theorizing that we have begun working on Wave (B) of Wave 4 on the highest degree.
Wave B's move in three waves (a-b-c) or (w-x-y).
We can eliminate the w-x-y, as this is a clear impulse-
Leaving us with just one final scenario.
The structure we have begun working on, on July 20th is wave a of the larger Wave B structure of Wave Y of Wave 4 on a highest degree.
When this wave (a) finishes its five wave impulse and tops out at 33,600, we should in theory see a 0.5 ~ 0.618 pull back for the smaller downward wave b move.
Knowing this, we can position ourselves nicely for that wave C swing in the days ahead.
I am projecting this wave c of Wave Y of Wave B of Wave 4 on the highest degree to move to about 40.5k as of this evening.
That is my safe target, and is as high as I am willing to swing a long.
Taking it any higher is playing with fire in my professional and honest opinion.
Buy zone:
0.5 = 31378
0.618 = 30,875
---
Sell zone = 40k.
see the full idea via:
Text book bearish and bullish divergenceLets take a look.
Price goes up and indicator goes down you have a bearish divergence which means price should eventually follow.
Price go down and indicator goes up we have a bullish divergence and the price should eventually follow.
It's all on the same chart, break out expected soon... Which way? answers down below.
my primary btc countlet's consider for a moment that we're in a 1-2 1-2 formation down here.
that would put our first w3 target at 38~39k
second w3 target would be at 44~45k.
w5 target = 52k
ps. this is one of many scenarios that i am seeing right now, so take this as you will. i am not bearish, nor bullish anymore, merely neutral until we figure out what is going on.,
BTC/USD (50W MA is Hodling)💎Technical Analysis Summary💎
BTC/USD
-The Bitcoin Bulls defended the 50W Moving Average support
-The weekly candle closed with a bullish rejection at the key interest area
-The fight is not yet over, there is a lot of work to be done
-Many are looking at a potential big H&S pattern
-But the Bears are struggling to close below the 30k level
-Strong Bitcoin buyers are jumping in to buy every dip
-I'm currently sitting on the sideline, waiting for the next move
-Even a bullish Altcoin setup can go wrong if BTC decided to go south
-I'd rather stay in cash and patiently wait for high probable setups
-Only a few days before the monthly candle closes
-July is coming, many opportunities are just around the corner
-Guys, don't rush in, we will have our next shot very soon
-Have a nice day & stay safe! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
BTC/USD (Holding Weekly Support?)💎Technical Analysis Summary💎
BTC/USD
-As the price entered the weekly support zone
-The Bulls bought the dip and they are still holding the game
-This is still too early to celebrate again
-Because every attempt to move up the price keeps rejected
-Now, we can see a potential strong trendline resistance
-As the price start climbing, the 50D MA also approaches the price
-This may act as a resistance area around 36k dollars and above
-The market is getting more choppy each and every day
-So please be cautious and always follow your trading plan
-If this situation is hard for you to adopt
-Please stay away for a while, observe and study more
-Trade responsibly and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
🌟 Bitcoin + Elliott Wave Theory = 💸💸This chart has kept me up many days and nights, but i think i've finally figured it out.
We are in Wave 4.
Currently in Wave B (AKA the suckers rally)
Don't get pulled into the hype, instead buy the real dip with the rest of the smart money.
I have Wave B topping out between 49~50k
Followed by a drop down to at the bare minimum of 27k to finish Wave C
My buy zone sits between 27k~23k
and my upside target for Wave 5 sits at 118k.
BTC/USD (Weekly Support Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin closes the weekly candle above 38k dollars
-This is a very strong bullish sign in terms of price action
-The weekly support area around 31k-34k has been confirmed
-With multiple positive news surrounding the crypto space today
-I think we will have good trading days in the short term
-Take note this is a temporary rally until BTC breaks above the 48k zone
-Because the old support may flip into a resistance and demand zone for the Bears
-I'm entering in some potential Altcoins that may have bottomed
-I will strictly follow my trading plan If I'm wrong to reduce my risk
-Have a nice day everyone! please trade responsibly
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
BITCOIN CYCLE TOP 200k - 400kHello, and thanks for reading!
This is how I think this cycle will play out. I think that we will see a cycle top at around 200.000 USD - 400.000 USD. I also think there is a big possibility of a super-cycle, where we have a short bear market and then a continuation of the bullmarket.
This idea is based on cycle tops and 0.168 FIB-level. A way of predicting cycle top areas based on previous cycles.