BTC/USDT (Breakout or Down?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin in the short term is currently respecting the 20MA in the 4H timeframe
-The price bounce back up after few minutes of trading
-Currently, it is testing its recent All-time high price of around 58k dollars
-Can we see Bitcoin reach new price discovery? or form a double top reversal?
-This is a battle between Bulls and Bears within 24-48 hours
-For me, as long as the fast-moving average 20 is holding, I'm leaning towards the bull
-Unless we close and rejected by the 20MA, then my bias will shift to the downside
-Please plan your next trade and always follow your trading rules
-We will see a breakout soon, watch the market carefully
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
Blxusd
BTC/USDT (Potential New All-Time High?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is doing a great job today as the price is a few inches away from the new ATH
-If the recent high can be broken and acceptance above 58k dollars
-I think we can go even higher since there is no longer resistance ahead
-We will be using a Fib extension to determine the potential profit-taking zone
-The price can hit from 60k up to 68k zone in the coming days
-We are following the trend as long as it is giving us a signal to go higher
-The priority remains to the upside, if you missed the boat, wait for a proper pullback
-Please do not FOMO in without a trading plan especially if you do not follow correct risk management
-The altcoin space is doing fantastic today, and most of my trades are in profit already
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT (Bullish Short-term Pattern)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin did a good job breaking upward its local resistance
-The bullish reversal H&S pattern is confirmed
-We have two potential good scenarios today
-1st to go straight and retest the ATH price level
-Or a pullback to retest previous resistance to become new support
-If we are following the major trend, we will always look for Buying oppurtunity
-In this case, priority is back to the bulls
-Unless we break below the 200MA in the 4H time frame
-Then, we will look for the bearish scenarios
-The Altcoins space are doing great these past few days
-And I think they will perform well in terms of the reward to reward ratio
-But please, don't forget to use a stop loss and protect your profit ASAP
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
Bitcoin Indicator Analysis BLXAn idea using more indicators than usual
Patterns within TSI can be identified, assume that the 2017 parabola repeats (green circle on TSI)
Rounded top can be seen to produce consistent results throughout the history of BTC
My gut tells me that another 2017 parabolic wont occur again, and the different in structures on these indicators will account for that
I still believe Ethereum has a lot more potential for long term returns than BTC, and ill keep believing that until it eventuates.
Above is an analysis of the 2018 Bear Market for BTC
BTC/USDT (Good Sign of Strength?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is showing signs of strength today
-As the price respected the 9MA in the daily chart
-It also confirmed support of around 48k dollars
-If we want to see a more Bullish scenario
-BTC has to break above the trendline resistance
-And hold for a few days to invalidate the potential fake out
-We still have few hours left before this candle closes
-The weekly candle will potential show a good sign
-To invalidate the previous bearish engulfing weekly candle
-I think we will have more sideways trading action this week
-This will give a good oppurtunity for the Altcoins
-Stay healthy and always plan your next trade setup
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT (New Daily Resistance Line?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is rejected around 52k dollars area only hitting my 1st target
-The price now pulling back to its previous support range
-This is not good in terms of bullish price action
-Because this test the Bulls if they can still maintain in good shape
-A candle body break below 43k will confirm a daily Lower High at 52k dollars
-And likely to test the 40k psychological support level
-If I want to see strength, BTC must hold its current price level
-For the next 3-4 days with green candles
-And retest the trendline resistance again for a potential upside breakout
-I can't confirm this will play out but we will have a new analysis every day
-We always trade what we see not what we feel
-So please be prepared for both scenarios
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT (The Bulls Are Back?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin reaches my 1st target area from my last published idea
-If and only if BTC can hold above 47.5k dollars
-We will have our next target of around 55k dollars in the next few days
-The bulls are in control for the time being
-The daily must close above 50k dollars to gain momentum back
-For now, the market is safe and I think the Altcoins will try to catch up
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT (Short-term Downtrend Completed?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin bounces strongly at 200MA in the 4H time frame
-Confirming this Bullish descending channel
-If the Bulls can close the daily candle in green
-The chances to test the 53k dollars area increases
-The correction might be over and start a new trend?
-We will have to see how the price reacts above the 50k level
-For now, we are safe and waiting for the Altcoins to catch up
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT (50D MA Strong Support)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin did a good job confirming the 50D MA as support
-The price went up from 29k to 38k dollars or 31% increased
-We only have few hours left before the daily candle closes
-If Bitcoin can finish the day above the trendline resistance
-That is a good sign for the Bulls and our bias will shift back
-For now, the Bitcoin Bulls must defend the 33k area
-That will be its potential local support during its strong uptrend
-The market is showing good healthy correction
-And I'll be looking for a potential Altcoin swing trade
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
A more bullish BITCOIN approachBullish rounded top leading to 1000X gains
Lets see if this fractal plays out and if the second rounded top is actually correlated to the first one within the channel
This would be great for Bitcoin
Creating a fragile world (disruption) for a fragile ErA of youths.
Fitting seemingly.
Next 6 month pi cycle on weekly?!This chart is on the weekly with PI cycle. If history repeats we might have another week of downward action then an explosion upwards for another six months into mid to late July with a few corrections on the way up of course. In 2017 after the initial 200% breakout on the WEEKLY PI top it retraced for 4 weeks then went on to do another 900% in 6 months. We are now on week three of the correction after the PI cycle top on the WEEKLY. So the question is will history repeat in any resemblance to the last? If it repeats that will put us well above 200k by at least July of this year.
As it looks so far we are fairly close to the 2017 run up. This breakout took more time but also went up 300% a little more in percentage. The question is, was market adjusting to the corona dump?
Either way the next couple weeks will tell where we really are and what the future holds for bitcoin.
*In life, patience is a virtue. In investing, patience is life*
BTCUSD: Same 2019 Fractal To Look Out ForHard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of $20K could on the cards, possibly as low as $18K if the fractal continues, while remaining long-term bullish.
Bitcoin - Societal DaggerThe strength of bitcoin will continue to grow
The fixed amount is what makes this asset class so appealing
This is going to be a big change for society when the spiral is respected
A dagger for those ill-informed
BLX chart
Using geometric structures based around the spiral, A bit of Raw Gann