ABC Corretction incomming for BTCA last shake out before going to new alltime high. See orange line broke, we might head for support at yellow trendline, and 57k area, as A wave, B wave retest of breakdown and C down to second blue line.
We are bullish on BTC, not taking a short but rather looking for entries at those points to add to position.
When trade is active we go over targets.
Management:
Adding 25% of position on yellow trendline, 25% at first blue line and 25% at second blue line, keeping 25% for a masshysteria and breakdown to 44k!
Btcbullish
Bitcoin 13/10/21: BTC Golden Cross Retest ATH, then $74k 🎯Bitcoin Update 13/10/21: BTC Golden Cross Road to $74k (18/09/21). BTC is showing strong support around 53k-55k, from here we expect a clear breakout above the 78.60% fibs and a retest of the ATH🎯@$64k! Currently BTC is only 12% away from the previous ATH. BTC is now back above 55k for the 2nd time now in 5 months. Please see previous analysis below. Happy Trading :)
Bitcoin Update 03/10/21: Since the 30th September, Bitcoin has grown 18%+ over the past 3 days. From the current price level Bitcoin is 33% away from the ATH . Scenario 1 didn't quite play out for BTC as we mentioned earlier during the start of the month (September). From here we can expect the Scenario 2 Push Phase to play out. A clear break from here with the 13 EMA crossing up above the 50 SMA will be further confirmation of this continued bullish momentum pushing above Key Resistance at $46k. September is historically a red month, and this year we saw this across the board from stocks to cryptocurrencies. The BTC Golden Cross experienced on the 16/09/21 signals very bullish momentum. From a technical perspective Bitcoin is in a Bullish market, further to this we have the Golden Cross for BTC which occurred on the 16th September on the Daily Chart (Historically every time we see this movement on the moving averages, we have experienced significant growth in BTC ). The Golden Cross signals very strong bullish momentum which could see Bitcoin back at the ATH price level after a clear breakout above the 61.80% Fibonacci which is a significant level for whale action as we see accumulation around this key price level range between $47k-$52k. From the current price level @ $48k, BTC is 54% away from the ATH price. We expect some explosive movement incoming in the next 2-3 months as we head towards eoy. Please see previous analysis below. Happy Trading :) 🎯
Bitcoin Update 05 /09/21: Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can expect a bullish run towards the $57k resistance, this move might be met with some heavy resistance above this key level as $58k-$60k is a key psychological barrier for Bitcoin . The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading!
$50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading!
Bitcoin Update 21/08/21: Road to $74k is clear, but first Bitcoin has to break above $51,068 and flip this into support for the next leg up to the 78.60% Fibonacci level at $57,125. If Bitcoin can flip the 61.80% fibonacci level into support we could see bitcoin approaching the $60K region looking to push for a new ATH . The 61.80% fibonacci level is a key resistance level and a level where we previously saw large amount of whale accumulation in the previous run before the May crash. In another possible scenario we could see Bitcoin retracing and consolidating in the short term but when we look on the lower time frame 4H, the swing call script has just triggered a strong buy signal showing continued bullish momentum for Bitcoin . It is official the Bitcoin Bulls are back!! Please see previous analysis below. Happy Trading :)
Bitcoin Update 14/08/21: Update: Currently 4% Gain from this Short-term Swing Opportunity, stops just below $43,812, TP @ $51,068 at the 61.80% Fibs, additional TP at the 78.60% @ $57,125 (19% Gain from current price level). Please see previous analysis below. Happy Trading :)
The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom experienced on the 21st July is confirmed as our bottom here. The Swing Call Script gave further confirmation of the strong trend reversal as a Buy signal was triggered on the 4H Chart on the 22 July and further on the 6th August showing strong signs of bullish momentum back into the market.
From here we expect BTC to retest the current ATH @ $64k which is a 40% Gain from the current price @ $45k. Further to this, we can expect some heavy resistance between the 61.80% - 78.60% fibonacci level. A clear break past the 78.60% fibonacci level see BTC setting a new ATH at the 127.20% fibonacci level. Please see previous analysis below. Happy Trading :)
BTC finally testing the 200 SMA and is showing strong signs of bullish momentum as we see the BTC Bulls coming back into the market 🚀. After 4 failed attempts of trying to break above the key resistance @ $38,595 BTC has finally broken above this key price level. Since the crash BTC found its Bottom tanking down -51% on the 19th May to $28,787 from $57,777 and had previous retraced from the ATH price @ $64,841 to $46,814 (-27%). BTC has been in a whale accumulation zone for the past 27 days from 19th May to 15th June. Our Swing Call Script triggered a strong buy signal for #BTC LONG when the 13 EMA crossed up above the 50 SMA on the 10th June; BTC has since increased over 10% in just over 5 days. From the current price level we have longs positioned and the current TP 1 is at the 127.20% Fibonacci level @ $74,647 (85% gain from current price level) and TP 2 at the 161.80% Fibonacci level @ $87,122 (116% from current price level). Note the price targets are for long term swings, we may be in this accumulation phase a little longer. Happy Trading :). See previous analysis below.
Bitcoin Update 02/04/21 Next Target @ $66,953 13% Gain New ATH in April
I've loved charting BTC last Month, analysis has been quite spot on just waiting on our new ATH now @$66,953 13% Gain from current price level. #Bitcoin has found key support around $58k price level. It looks like the Bitcoin Bulls are back in the market. Worst case scenario from here in the short-term could see the price test the 50SMA, and breaking below this level would see another test of the 200SMA before the anticipated move to the upside and our target of $66.953 at the 127.20% Fibonacci level. See previous analysis below. Happy trading :)
Update 29/03/21 Bitcoin next Target @ $66,953 21% Gain
Nice bounce from the whale accumulation zone at the 78.60% Fibonacci Level. Looks like the BTC Bulls are back in the market.
See previous analysis below.
BTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here as a bounce from the 200 SMA at the whale accumulation zone could finally see us break through the key resistance at the current ATH level from 14/03/21 @ $61,690. April is set to be a very interesting and pivotal month for the cryptocurrency space. See previous analysis and monthly outlook below. Happy Trading :) #whaleaccumulationzone
Update 21/03/21: Yesterday the Bulls failed to push the price higher and we had a small retracement down from $59.5k to $55.6 where we found some support of the current price level (-7%). From here the worst case scenario would find us in a key whale accumulation zone @ 78.60% Fibonacci level $52,371. However this scenario is unlikely to play out and as expected from the previous outlook before, we expect the Bulls to come back in the market, pushing as further to higher highs as we have been consolidating around this key price range between $54.5K to the current ATH @ $61.8k. If we fail to break past the previous ATH , the bearish scenario may see a test of the 200 SMA around the 78.60% Fibonacci level, otherwise the Bullish scenario is still in play. Note that from this current trend from 28th January we have only tested the 200 SMA once and a bounce from this level may signal a much stronger bullish move towards our price target $77,335 @ the 161.80% Fibonacci extension and further $107,340 @ the 261.80% Fibonacci level. So far great performance this month from £BTC as March is usually quite a bearish month looking back at the past. April looks ready for us to really fly, testing the 161.80% Fibonacci extension , but note this may not be a straight forward push but all the fundamentals are pointing towards the $70K as our next significant area of interest for the Bulls, currently a 16% gain from the current price level would see BTC reach $66,953 127.20% Fib extension. See previous analysis from 1st March 2021 below. Happy Trading :) $BTC #HODL
*Update 20/03/21
#BTC Monthly Outlook Update from 1st March 2021; 13 EMA crossing up 50 SMA showing strong bullish sentiment as we are about to enter the last week of the month, expect the bulls to come back and to push the price higher. Currently the 127.20% Fibonacci Target ($66,953) has not been tested yet, but we expect some big movement in price over the next few days and further going into the last week of the month (Yes, it has been March Madness), 13% Gain from the current price level @ $59,390 to $66,953 127.20% Fib extension. Our next target after this is $77,335 @ the 161.80% Fibonacci extension . From our analysis at the beginning of the month It looks like scenario 2 has been in play, see below previous analysis from 2nd March 2021.
In addition to previous price analysis, the Cryptocurrency 'Super Cycle' is in play as we are just at the brink of global adoption. 2017/18 was the hype era, we cannot continue to set targets based on the price movements during the cycle mainly fuelled by hyper and euphoria, it is now 4 years later and real development has been happening behind the scenes, a lot of people cannot quite comprehend the growth and the different cycle that we are now in as Moore's Law of exponential growth can only give us a hint at the growth that is about to be experienced over the next 4 year cycle. An increased influx of capital injection into this now trillion dollar market will only continue, as Defi takes its hold on current Global financial infrastructure, and yes history repeats itself, We call this the 'Roaring 20s' just like before at the end of WW1, the pandemic has only accelerated the current adoption rate of blockchain technology. As some are already aware, the best time to grow a million dollar portfolio was from 2009 to 2019 just after the housing market crash. The second best time in our lifetime is Now! from 2021 to 2029 after the pandemic market crash. We are still very much Bullish for BTC to reach our EOY Target of $356,000, See below key fundamentals which support our bullish sentiment.
*(March 02, 2021 Update)
BTC is currently consolidating at 61.80 Fibonacci Level. BTC outlook for the month ahead is still very much bullish . Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792.
With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH . This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH .
With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953.
Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA , with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :) *
Key Supporting Fundamentals for BTC:
Strong Interest of Institutional Players
A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years.
The survey, which was commissioned by Nickel Digital Asset Management (Nickel), a regulated investment manager connecting traditional finance with the digital assets market, also reveals that between now and 2023, 72 per cent expect professional investors in general to invest in bitcoin for the first time or increase their exposure.
Current Economic Instability
The policy of the US Federal Reserve and the economic instability that has arisen as a result of the unprecedented emission of new dollars may further play a role in the growth of Bitcoin price...10% of the $380 billion stimulus money could be going directly into cryptocurrencies and Bitcoin .
Digital Gold
Crypto currencies certainly look as if they’re here to stay. It makes a lot of sense to have them in an increasingly digitised world. While bitcoin has a strong tendency to polarise opinion, it has now gained acceptance among some of the world’s largest financial institutions and payments companies. MasterCard, for instance, has said it will begin supporting crypto currencies on its network later this year. PayPal already allows eligible users to buy, sell and hold bitcoin in the US and expects to roll out its service in other territories soon.
The Case For Global Adoption and New Reserve Currency
Cryptocurrencies promise to help solve problems that are particularly acute in emerging markets (EM). Their governments are often centralized but relatively unreliable, which destabilizes currencies, opens the door to profiteering middlemen, and erodes public trust. Blockchain, the technology behind Bitcoin’s decentralized network, promises to cut out the grasping hands of governments and middlemen, and speed up transactions with more transparency and lower fees. It is offering what many EM customers are desperate for.
The Development and Extensions of Blockchain Technology
Due to the nature of blockchain technology’s ability to benefit all parties involved in different business operations. Since it was introduced in 2009 through the application of Bitcoin , blockchain technology continues to attract not just the financial institutions of the world, but also other fields and industries in insurance , law, entertainment and the Internet of Things ( IOT ) applications. Several scholars and advocates have also strongly suggested the use of the technology in voting systems globally, medical records and vehicle registrations by the state to further increase efficiency, simultaneously eradicating fraud in many areas. This technology does not only aim to improve conventional business operations but can also empower the greater society out of poverty as 1.7 billion adults in the world remain unbanked. The widespread adoption of a cryptocurrency like bitcoin running on the blockchain would mean that anyone with access to the internet can send and receive value from point A to B without the need of a third party.
Although many Banks were very hesitant and in fact spread fear in the markets due to cryptocurrencies being linked to nefarious activities on the dark web. A recent study by Goldman Sachs suggested that the adoption of blockchain technology in facilitating seamless cross border transactions without the worry of fraudulent transactions could save up to $6 billion a year; as the new models currently being developed by the bank would mean inefficient payment and accounting networks would be eradicated.
Bitcoin is approaching stage 4 of it's bullish journey!CHART OVERVIEW
*BTC/USDT - DAILY CHART - BINANCE
I've used a pitchfan to mark out support and resistance lines; as well as cyclic lines to mark out the different stages in what you could call an institutional accumulation or a Wyckoff Accumulation. I'll detail here what I expect in each stage. Of course I could be way off target so please do your own research.
Stage 1
DUMP AND ACCUMULATE - The value of Bitcoin is firmly established; Smart Money (SM) instigates massive FUD, strategic trading and enormous selling pressure to dump the price and then begins mopping up the cheap bitcoins.
Stage 2
RELEASE PRESSURE & INCREASE DEMAND - SM tests when is the right time to release the selling pressure and encourage the bulls to push the price up, the right time is when SM believe they have gained the maximum amount of bitcoin for the cheap prices on offer.
Stage 3
MINI SECOND DUMP AND ACCUMULATE - Exactly the same as Stage 1 but less intense and shorter in duration. SM Re-accumulates to gain more bitcoin at a new cheap price, once they have maxed out, they move on to the next stage.
Stage 4
PARABOLIC PUMP - The same high intensity and massive price acceleration as stage 1 but in the opposite direction (Up). SM Releases all sell pressure and joins the bulls in pushing the price as high as possible.
What do you guys think?
SIDE NOTES
*The cyclic notes indicate when certain stages may begin or finish but it may not be exactly on that date but rather marking a transitioning point to the next stage.
*Each stage SM monitors with high precision, the timing when to enter and exit each stage depends on supply and demand (S/D) factors, ultimately they want to temporarily manipulate these factors to buy discounts but manipulating the price for too long can potentially cause excess damage to S/D, causing significant loss of confidence and adverse price behaviour. The SM need to balance this skillfully and they do just that from centuries of practice .
*Disclaimer: NOT PROFESSIONAL ADVICE.
BTC/USDT 2HOUR UPDATEWelcome to this quick btc /usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC is trading around 56.200 the support is 100ma and 54500$ and resistances level are 57200, 59500, 63500.
I thing the price cam pump fore here .
if its breaks the 100ma or more then more the second support level then the chart will be invalid.
The chart will become invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you...
BTC To $140K By Mid November!!!We closed the weekly candle above 54280 and that gave us the buy signal from weekly super trend indicator which has never been wrong historically!
Combining that with Bitcoin Log Growth Curve & Fundamentals such as Taproot update date makes hitting $140K in mid November as a very possible cycle peak with same parabolic move style back in 2013/2014 double cycle.
You know moonboys gonna shout for $500k by then, and whats gonna happen next! :)
Anyway, Check My Previous Idea (Bears Last Stand!), thats the very tini tiny chance that bears still have to flip this around and put the price towards $25k region:
BTC/USDT 4HOUR UPDATEWelcome to this quick btc /usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
Btc is trading around 56,300 the support is 21 ma and reject 53900 dollar..and resistance 57200$.58500$.60600$.62500$
Let,s see how the 4 hour closes.
i thing the price cam pump fore here .
if the breaks below the price 53.900$.
the chart will become invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BTC/USDT 1HOUR UPDATEWelcome to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
Btc is trading around 55,500 the support levels are 55300 or resistances level are 57200, 59500, 63500.
Let,s see how the 4 hour closes.
i thing the price cam pump fore here .
if the breaks below the price 55,300$.
the chart will become invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
sol/usdhello
check my chart
first of all i am bullish on btc
so it is a reason to though that alt coins will rise too...
btw sol will do this movements...
take a look <3
BTC/USDT 4HOUR UPDATE Welcom to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
btc is support 48.1k, and resistsnce and 49.5k. Resistance break and retest49.5k. above 52.8k today target.
Let,s see how the 4 hour closes.
i thing the price cam pump fore here .
if the breaks below the price 47.3k$
the chart will becouse inalid.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
btc/usdt 1hor analiysisBtc/usdt 1hour update
BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $42600 support but it dropped further down till $39600.
From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42250 resistance level.
Will BTC bounce back from here or is it just a temporary bounce to break further down?
Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish.
Thank you ...
Btc/usdt 4hour analiysis Btc/usdt 4hour update
Bitcoin Update:- The previous chart got invalidated since we broke below the channel.
In the current chart BTC is retesting the channel it formed way back since 65k.
Things are still uncertain.
Reason why I warned you all to stay away from leveraging.
Expect few more candles around this channel followed by a bounce into the green zone.
Thank you...
BTC/USDT 4HOUR UPDATEbtc/usdt 4hour update
Bitcoin Daily Close Update:- Closed above the 21 MA with a nice DOJI candle at $48,292 well above 47.9k!
Long wicks shows bulls are buying.
Need to be careful here. Saying it again. Close above $52k is when we are mega bullish. Till then every trade should be a get in , Get out strategy IMO.
First hurdle is the red zone which needs to be broken with a 4 hour candle close above 49.3k.
If you want to stay out of stress, better refrain from risky trades and enjoy your time with family and friends, it’s Weekend!
thank you...
Btc bear flag, history repeating itselfHistory is repeating it self, btc is about to go down and this time below 44k, analyzed btc charts from 2012 until now, and the movement is same, but different price range.
This time when btc falls below 200ma, it's not going cross up again. It might try for short time but it will fall again,
The algorithm written for btc repeats it self, no matter what is happening, news come in after the movement, just to cover manipulations from btc bots and exchanges that make the movement and of course earn money for exchanges.
I'm not talking about the delay that news can have, I'm talking about when something happens, not when published. It's understandable that news come out 30-60 minutes later.
Technical are overheated,
Rsi is in red zone for btc
no volume at all and rise happens, which scares me, and tells me disaster is waiting to happen.
Macd going into red zone
A lot of sell pressure, which tells me whales are booking profits, and then they will send btc down, it's easily done by margin trading if you have volume. They will buy at lower prices. Below 30k zone to average out, and have a run to 100k.
Nothing can be done, just be happy to buy lower
I think this bull run is over, it doesn't have that strength like previous bull runs, it had the strength like previous relief rallies.
Also btc jumping above 200ma and closing there, then falling below 200ma and closing there, and after above 200ma. It's same movement as relief rally, when ever real bull run happened it crossed 200ma and never closed below it again, to the point when bull run finished
I'm coming out from long positions, not going to risk my money for a 1000$ change in btc. Not worse the risk.
Climbing up is hard, but coming down is easy. You saw that yourself. When I was warning before that it will drop from 50k range. 48500 is good enough pull back in order to go more down and break resistance at 42k. You can see on order ladder or order book, there are practically no orders until that level to stop the fall. I wonder why whales don't put orders there, but only put big sell orders!?
I will go short ith small margin until 37k, it big supply zone. It will jump up from there, then I will short it again
Good luck and safe trading
Not financial Advice, recheck my analysis and make a decision, I hope you make the right one