Interesting observation - IOTA BTC, not so bullishOnce you are over invested, it is impossible to clearly see market condition - period.
Financial investing is simply psychological endeavour - period.
We are within the same range (red resistance and green support) since July 2019 - period.
Earlier pump of similar price movement resulted in a massive volume spike. This week isn't over yet, I doubt however we will see volume candle doubling in size over the next c. 18 hours.
Possibly recent information in regards to significant number of unhedged shorts on iotausd market added fuel to this short term squeeze - I'm curious to see what next week will bring to our crypto table. For now, since #iota pinned the top BB boundary I'm out, comfortably observing this interesting situation. I believe we are due for another retracement.
BTC-USD
BTC bullish continuationBTC has been consolidating for several months since May's selloff. Last week prices have closed above the resistance trendline after a pullback to MM20 Wk.
BB are opening, MACD is also looking good and i believe we have now open the door to new ATH with targets at 64k, 81k, 91.5k, 104k, 186k.
Will we do a pullback or will we go straight to 64k is the question, any return to 50k area should be seen has buying opportunity.
Full history of this plan since June on my twitter : @heatrading
Thank you.
Elliott Wave BTC And Potential Short Term Target For This Rally.My Target is 79,089 and then a correction and up again don't know where but may be to the moon lol.. I've been bearish but I was counting it wrongly.. What i can see now (may be wrong again) is in April 2021 beginning till the crash bottomed was the whole correction of the wave 4 of current grand super cycle and now we r seeing rally for wave 5 of grand super cycle and just finished wave 1 and 2 of wave 5 of super cycle.
This is just the beginning of wave 3 till the target then 38.6% retracement from there and to the moon again.. Let's see..
#BTC #BITCOIN #BTCUSD Elliott Wave Count.
BTC/USD - weekly Analytics + Altcoins 11.10.2021The key resistance level in bitcoin is 58.283. Most likely, we will see a bounce from this level and going into a local correction, which will not change the main upward direction.
Altcoins:
We highlight TRON and HIVE as the most promising coins to develop a sustainable rising trend. (the idea is confirmed by local growth impulses)
We also see high growth potential in TFUEL coin
Bitcoin shorrBitcoin (BTC VS USD) is on PRZ of alt Bat. May fall from here. Stoploss and targets mentioned in the chart.
Just a possibility2017 played similar games. This is just a possibility, not advice.
So 65k should be the first optimistic target.
49k first realistic target.
31k first pessimistic target.
Beyond that, who tf knows
BTC/USD Update things to note: seen bullish trend the past few days, btc is adhering to my fib levels perfectly so far, coming up to test the 0.236 is the next important level at the green price tag. I expect similar play to yesterday's price movement. a retrace back to swing low around the 52,300-52,000 area before a volatile move back upward breaking the 0.236 level and testing as support.
we are in a bull flag currently but look to break down I have highlighted a box to enter a long and if we drop lower I will build a position aiming to return back to previous highs. I will take profit at the green lines and leave around 25-40% of my position incase we break higher.
BTC/USD (BitCoin) Sell/Short Trade Opportunity....Its Always Nice To Sell High & Wait For Trend To Play In & Give You Some $$$... Based On Trend Continuation We Might Have Just Seen The Highest Point Bitoin Will Reach For A While Now. If This Is The CASE, This Is A Perfect Sell/Short Spot... SL & TP Indicated On Chart....
Easy Trade This One Hopefully It Drops The BTC Way.....
BTC/USD - weekly Analytics + Altcoins 04.10.2021Our expectations regarding the formation of a false breakdown are confirmed by the impulse growth. At the moment the price is consolidating before the continuation of the ascent of quotations, investor sentiment is at neutral levels. The key resistance will be at 50.500, its overcoming will open the way to the new targets.
Altcoins:
We highlight TRON and HIVE as the most promising coins for the development of a sustainable rising trend. (idea is confirmed by local growth impulses)
We also see high growth potential in TFUEL coin.
Short Bitcoin - BTCUSD (Short Term)BITSTAMP:BTCUSD
Good Morning Friends,
Bitcoin is set to correct in other to retest the breakout area. It makes sense to buy into the move early enough so i would short BTCUSD at the yellow box since it is forming a mini-rising channel after the breakout.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
BTCUSD | IS PUSHING UP IS IT GOING TO HAVE A PULLBACK?Hello Traders,
BTCUSD has pushed towards the upside as predicted before (check out related idea) now that this has happened, its likely going to have a short pullback on the 4 hourly zone.
This pullback would be your entry, if it pulls back to the moving averages 25-50 and gives a bullish engulfing candle I would definitely place another buy trade.
However, the trade seems really strong and in 3 hours' time the daily candlestick will close to confirm a new trend direction on the lower timeframes, so it would not be surprising if BTCUSD flies through the 4h resistance.
Up And Down More Than My Girlfriends.....MOOD! I bet you thought i was going to say PANTS, you dirty lot! But that is also true HAHAHA.
Bitcoin has made some lovely moves this week breaking a key level of 45000 today, 45000 as show on the chart had previously been used as very strong support and resistance. Ideally after the break of such a strong level i would want to see 45000 get retested as support before making more upside moves. 48400 could be the level at which price hits and uses as resistance for that push back down to 45000 as this level has also been used as strong support and resistance previously.
Bitcoin is lovely if you are a fan of fast moving volatility trading, or if you like to see your life savings drain out your trading account. So when trading make sure you are not over risking!
If you have any questions please just ask.
Cheers.
BTCUSD - TRADE LEVELS BTCUSD - Showing a strong positive momentum on daily charts already up by 4% now
As per the chart patterns it is expected to go more upside.
My approach will be a buy here at current price 43065
Target 1 : 45500
Target 2 : 47500
Maintain stop loss around 41500
Follow the levels as mentioned above. Good luck