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Btc-price

Bitcoin Decline Could Stabilize Around $60K SupportBitcoin (BTC) dipped below $65,000 as buyers continue to take some profits. The cryptocurrency was trading around $64,000 at press time and is down 2% over the past 24 hours. Lower support is seen around $60,000, which could stabilize the current pullback. The relative strength index (RSI) on the four-hour chart is near oversold levels, similar to Oct. 27, which preceded a near 10% price rise. This time, however, buyers could face resistance around $65,000 given the loss of upside momentum this week.
BITSTAMP:BTCUSDLong
by ExpressTradeAcademy
BTC/USD Dumps Below $60,000The Bitcoin price prediction reveals that BTC drops close to $2,000 within few minutes from over $60,000 to hit the daily low at $58,100. Key levels: Resistance Levels: $65,000, $67,000, $69,000 Support Levels: $53,000, $51,000, $49,000 BTC/USD is currently trading below the $60,000 level as the price crosses below the 9-day and 21-day moving averages. Meanwhile, the bearish movement may be coming to play out according to the technical indicator which indicates that the king coin may likely drop more before regaining back its strength towards the upper boundary of the channel again.
COINBASE:BTCUSDLong
by BernardMikhail1
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Long
by globalsymmetrygroup
BTC forming a typical reversal pattern back to 60k?Hi guys, here is pretty much everything summed up in one chart what my thoughts are.. - currently we reached resistance of our channel at around the 42k range or also top of our range - we got a bunch of bearish divergence forming so a pullback seems very likely in the books - if we do make a pullback here in a standard ABC correction with our golden pocket ratio showing 33k range, we would set a higher low on the daily - this would also complete our inverse head and shoulders, with measured move back to 60k (if we confirm and break out of of our range of 42k) - this would also complete and match with our Wyckoff accumulation schematic #1 where we are building an LPS before launch towards SOS or break of our range - SOS is somewhere between 45k-48k imo, since that is our CME gap that still needs to be filled - we still have a little CME gap to the downside as well around 33k, which also matches with that retracement we are probably going to set in the next few days/weeks ps. previous chart is still valid, some of you guys asked, but basically as long as we do not close any weekly candle below 30k, it is still valid. -The Dang Oracle
BITSTAMP:BTCUSDLong
by ThereAreNoWalls
1
BTC: strong demand zone at $36.8k|large wicks pointing downAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: As of now, BTCUSD seems to be on slippery slope. $36,800 is a demand zone. Our previous analysis on BTCUSD correctly predicted the consolidation and the possible upward momentum. $38,700 is a strong resistance! Market in the last 24hrs BTCUSD witnessed some sell-off. All other major cryptos fell as well. Trading volume has declined. Today’s Trend analysis BTCUSD is currently under some selling pressure. The short term outlook is bearish. Additionally, we might see some large wicks pointing down. Though they are not a sign to panic, one should keep a close eye out on the price. Price volatility remained low at approximately 2.6%, with the day's range between $37224.00 — $38208.68. Price at the time of publishing: $37505.84 BTC's market cap: $704.85 Billion Out of 11 Oscillator indicators, 9 are neutral, and 2 point to indicate a bearish outlook, and none of them point to a 'BUY' signal. Out of 15 Moving average indicators, 12 indicate a bearish outlook, 1 is 'NEUTRAL' and 2 give out a bullish view. Indicator summary is giving a 'STRONG SELL' signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:BTCUSDShort
by Mudrex
15
BTC-Bullish movement detectedBitcoin price has crashed and yes it was terrible. An over-leveraged derivatives market that was already on shaky ground just collapsed and liquidated 3 billion in a matter of hours. This cascade has happened several times now, and may be a stark warning to the type of volatility we'd expect from an over-saturated, heavily leveraged Bitcoin. Either way, the price damage was immediately scooped up. The falling wedge pattern we are now in is a bullish pattern, once the price breaks above the pattern, we may call this confirmed. We look at the volume of the pivot point, which was huge. This tells us that capitulation may have occurred here, as Bitcoin moved from weak hands back into strong hands. The price was also strongly rejected. This creates the long candlewick we see at the bottom. Another sign that we may have our pivot point, a potential turn-around. We may not be in for a strong V-shaped recovery, as this could go sideways during the vast accumulation needed. We will have to wait and see. Either way, BTC price is a great buy opportunity at this point. Finally, we see our Stochastics has entered the white area and was oversold, at which point the blue line retraced upwards, crossing over the red line, and back into the purple zone. As an indicator, this is a buy trigger. In the long run, Bitcoin is absolutely in a Bull Run, and in the short term, we may have shook off the bearish grip on the market, but we will have to wait for confirmation first. What the Bear in me sees: Selling pressure has increased steadily, as buying pressure has broken down. We saw a high % of whales exit the market after just a short 3 months, selling their Bitcoin, which may mean that the longer term holders of Bitcoin, which have obviously shrunk in number, is a bearish sign. This market is now potentially controlled by new money, and we may see a repeat of this before it gets better. Take note of the 50 Day MA, which is on a collision course for the 100MA, a truly bearish sign if crossed, and the market would remain in the bearish zone for weeks to months. If price does not accumulate and rise, we will drop to the next support zone, which we will see intersecting with the ATH of 2017. If this scenario plays out, we can expect up to an 80% dip of Bitcoin from the high, meaning a price of $12,800 could be possible. However, this just works in our favor, as this extends the bull run, the bearish pattern is only momentary. We can look to history, and see we survived this very pattern already (2013-2014) and we survived. We will do it again.
Long
by Shwayze
XRP Price Zone HistoryXRP has seen couple of wild rallies in the past, the RSI Indicator has always been a giveaway during these times. When ever the RSI index has crossed 85+ XRP has corrected. At the time of this analysis the RSI indicator was hovering round 90. The holiday season which is coming up will probably add more fuel to its price and we could see some highs still. The other reason why the alt coins are seeing a major price rally is because profits from Bitcoin is being pushed into the other cryptos. That is also a major reason why we are seeing such huge rallies in ALT coins. I feel XRP is highly bullish at this point and will see another spike because of FOMO gripping traders. But its also a territory where traders have to be cautious since BTC price has been stagnating around the 18k-19k levels and many people are wary of the 20k levels.
by SuperCryptoNiteAnalysis