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Btc_usd

My view on the upcoming price movement of Bitcoin " BTC "My point of view It was the beginning of the ascent in the form of a back diagonal You completed the following figure with the current drop 1-2-3-4 and it will start forming the last 5th wave An uptrend was broken, it became a bullish one, and it rebounded from the first support, and this does not indicate a rise, but it shows some positivity If we do not close below the yellow trend line, this is very good Breaking the 59k and holding it above it will mean the end of negativity Breaking 40750 means bearish market We monitor the drawn trend lines and the areas of demand and supply This is an old analysis I posted earlier. I just made some updates to it
BITSTAMP:BTCUSD
by Maxmeox
1
TheKing D3 ichi & BB- Quick update from my last analyze with a little more points of interests. this graph is a little messy but everything is annotated. - i always say if u don't see clearly the situation, change your timeframe and look from more far, so i used 3 Days Timeframe. - more we look from far, less we have delay, and more easy we try to detect the scheme. - So this is not really a price analyze but a kind of scenario with a trading plan, combined with only 2 indicators ( ichimoku cloud + Bollinger Bands ) ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Case 1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ - You can notice in the graph that in last July BB started to get thinner and compressed, from there we started a reversal trend and got another pump. - You can also notice that we are in the same situation right now. - So the case 1 could be a touch and go from 51,000$ (BB + EMA50 3D support (EMA not in graph)) ------------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Case 2 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ - ichimoku cloud built a strong support flat zone (Flat ichimoku support Zone in Graph) - TheKing could dip and start from this zone a next bounce. - So case 2 could be a possible rebound around 47,000$ ------------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Case 3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ - TheKing will finish his retracement from his last push and back to 61.8% - the same happened in May when we dipped back to build a support around 30,000$ - So case 3 could lead us to touch 44,500$. ( Worst Case ) ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Like always don't forget that everything is just speculation, manage your trades, don't go all in, be patient and believe in TheKing. Happy Tr4Ding !
Long
by thecryer
14
Recalling update from previous HTF bottom call - PERFECTLY HIT.( PLEASE SEE RELATED POST LINKED BELOW FOR CONTEXT) On November 26th, I gave two possible scenarios for BTC bottom to play out by mid-December. Either 47-48k ( red line) or 43-44k (blue line) would be bottom considering previous supports. They both hit. BTC wicked slightly below 44k but closed its 1 hour over 47. This happened faster than I expected due to cascading liquidations. And due to this abrupt crash, we could very well test those lows in the form of wicks or candle closes a few more times over the next few weeks. However, my up only prediciton from those level stands. Good luck!
INDEX:BTCUSDLong
by metalhound
Short term outlook on BitcoinFrom a TA perspective Bitcoin should just be slowly completing the fourth wave. The Fed has a meeting on 12/15 regarding inflation, QE and Tapering, unless something surprises the classic markets, I think it should stick with the yellow option. However, if the stock markets continue to fall after the meeting, it is quite possible that they will take Bitcoin down with them to an important support for the continuation of the bull market at $52.8K where is the trend line. In this case, it may happen that the fifth wave will be truncated. And the chances of entering a bear market would increase significantly.
BITFINEX:BTCUSD
by SimboSi98
BTCUSD Index Support, Resistance, and Trend Idea 120121I'm a beginner at TA so please keep that in mind, I welcome any advice or comments. One year chart, right now I'm seeing support at $53390 and resistance at $67000. 50 day moving average is above the 200 day moving average, keeping an eye out for a breakout above the 50 day at $61000. However price action is trading below the 50 moving average line, which could indicate further selling? RSI: Currently 45.6, slightly oversold. I'd have more bullish conviction if it was lower, say mid to low 30's. DMI (Directional Movement Index): Yellow line (trend strength) looks like it's weakening for both bullish (green line) and bearish (red line) however bearish signal is above the bullish. Current analysis: Neutral, watching and waiting for movements above or below resistance lines or a break above the 50 day moving average. This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
INDEX:BTCUSD
by QuestITM
1