Btc-trend
Bitcoin Is Ready For 67.5KHey Guys,
BTC has reached the bottom trend support and is ready for a new all time high is history repeates it self.
Check out what happened when the price reached the trend support and you will see that was always a new all time high starting point!
Comments are much appreciated and please feel free to follow for more ideas!
Don't stick the fork in BTC just yet!As we can see using the pitchfork, BTCUSD is still within its channel dating all the way back to November.
Despite all the bearish divergences and supports being broken, until it closes significantly outside its channel she's still in play.
I would expect it to either bounce off the support around the 52.5k range and head back up, or break through and head south.
𝕋𝕙𝕚𝕤 𝕚𝕤 𝕟𝕠𝕥 𝕗𝕚𝕟𝕒𝕟𝕔𝕚𝕒𝕝 𝕒𝕕𝕧𝕚𝕔𝕖 𝕒𝕟𝕕 𝕀 𝕒𝕞 𝕟𝕠𝕥 𝕒 𝕗𝕚𝕟𝕒𝕟𝕔𝕚𝕒𝕝 𝕒𝕕𝕧𝕚𝕤𝕠𝕣 𝕠𝕣 𝕡𝕣𝕠𝕗𝕖𝕤𝕤𝕚𝕠𝕟𝕒𝕝. 𝕀'𝕞 𝕛𝕦𝕤𝕥 𝕤𝕠𝕞𝕖 𝕕𝕠𝕡𝕖 𝕨𝕚𝕥𝕙 𝕒 𝕔𝕠𝕞𝕡𝕦𝕥𝕖𝕣 𝕠𝕟 𝕥𝕙𝕖 𝕚𝕟𝕥𝕖𝕣𝕟𝕖𝕥. 𝔻𝕠 𝕨𝕚𝕥𝕙 𝕥𝕙𝕚𝕤 𝕨𝕙𝕒𝕥 𝕪𝕠𝕦 𝕨𝕚𝕝𝕝.
I'm always to open to hear any ideas, criticisms, corrections or comments you may have - I'm no professional - there's always more to learn!
Altcoins | Ready for Altseason?A bit late, but Happy new year to everyone! And wow, the cryptocurrency market started 2021 with a blast. Beginning with Bitcoin, which broke its ATH (All-Time High) big time and is still going strong. Then fi-na-lly alts started to regain strength since the beginning of November. But now we are actually seeing some similar movements since the Altseason in 2017. Let me try to visualize it:
2017 : Bitcoin surged up to $20K → Altseason started
2020 : Bitcoin broke ATH → Altseason?
Can we see a similar bull-run in 2021? Well, as of this moment, nearly the whole cryptocurrency market is surging massively. I think the potential is really there, especially when thinking about this idea above. In addition, Bitcoin, Ethereum, and even other smaller cryptocurrencies such as VeChain Thor are still holding these insane highs. Lastly, in these awful times of the COVID-19 pandemic, people are in general spending less than usual (like travelling and going on holiday). Therefore, people are looking for other ways to do something with their money → People start to invest in stocks and cryptocurrencies (especially youngsters). But in the end, we have to see it within the coming period. What do you think? Will we see a massive bull-run, or can we expect a retrace?
Bitcoin Multi TimeFrame Analysis4 Time-frames are on my watchlist.
In the 4H time-frame based on HVP and trend analysis, bitcoin is in consolidation. And a huge range between $29400 & $32100! if a 4h candle closes above 32100, it can test 32600, and then it can break or reject. no one knows! but if breaks, the test of $34500 is very probable.
The 2D TF is a dogi candle BUT it must confirm. if wick below the previous 2D candle it will be confirmed and probable test to horizontal support between $22700 & $23900.
on the 3D TF, the HVP is expanding and if the 3D candle closes above the BB it would suggest that the upside trend is continuing. in parallel on the Weekly TF again if the weekly candle closes above BB, it would say the trend is not over yet.
ETH TESING THE LOW OF AN ACENDING CHANNEL: BULLISH SCENARIO🚀Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc.
In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and beyond.
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bitcoin trend. Daily close + EMA envelopAre you a hodler? a person who trades less or wants to? Tired of chop and indecision? Well The ema envelope on the daily has pretty much nailed all of the major moves for you. It is very simple. Price closes above it.... go long. Price closes below it. Go short. Price is inside it... wait and see. I hope it helps you
Simple Downtrend TestSuper simple downtrend, 3 wicks. Must break 9.8-9.9k to confirm end ~3 year bear trend.
Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change.
I am standing by for now. Too many past fakeouts, must preserve cap.
29/04/2020On this chart I have looked at some EMA's and MA's and also the VPVR point of control on the daily for BTC.
The lighter blue represents the 30EMA, yellow 21EMA, green 55EMA which we have seemed to all pass. The purple is the 200MA and deep blue 30MA. We have clearly passed and continue to pass the 30MA and are very close to the 200MA.
The volume is steady though still low, and the VPVR shows the current PoC would be the $7220 mark or there abouts.
The delevoping volume area to the upside looks to be around $9Ks/$10Ks mark, and to the downside around the $6550/$6580-ish mark.
After clearing the $7200s on the VPVR and continuing upwards the next target I would look at if this uptrend continues would be within the 8Ks to $8100s, possibly $8600 mark.
I still hold a longer term bias to the downside and think this could be a dead cat, or as some say 'the shake out before the break out'.
Again, given the Halvening and current economic situation, I think it is an uncertain market to trade, I think personally this uptrend is a dead cat pump before the Halvening and again it is to shake out alot of SL and FOMO buyers/traders who are jumping on the pump, although the TA looks different as the days go by, and different on almost all time frames. I am just posting what I can see using some indicators and my own personal opinion.
The next 2 months are going to be crazy price ction IMO and probably won't settle down until mid June or further ahead.
As I post his, BTC has gained 2.5% in the past 6hrs, but I can't help but think there is heavy manipulation in the market right now although I may just be doubtful of the pump. I still think we are in for a pullback, maybe not as far as before but most certainly we cannot keep going up in this manor IMO.
Just my thought for this morning, maybe it helps, maybe it doesn't. My charts are for my own comparison and to refer back to in the future. I would not urge anyone to take anything I say as advice, I am simply speculating on a speculative market that changes each and every day.
Thank you for taking the time to look at the chart and any opinions are always valued as I like to see things from others perspectives to compare to my own.