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Btcbullish

BITCOIN Standing Strong! Hello and welcome to this exclusive update on the current BTC price action. We saw a major drop in BTC price from a $52956 high straight to $42900 low. This drop liquidated many long positions in the market which was not good at all. In a higher time frame (like 1 day), BTC is all in good hands. The 200 Day Moving Average showed a great support level for BTC and it is still holding the price there. BTC must close above this 200 MA and bounce back in order to stay bullish. We also have another strong support at the $42400 level where the recent drop has left a long shadow. If BTC fails to hold the 200 MA then $42400 will be the next support level for BTC. On the other hand, a bounce in BTC will certainly lead the price back to the $50k level which is a psychological level for BTC, and in order to confirm the bull run, BTC must cross this level. Conclusion: 1. Daily close above $46k to $47k is a must. 2. A bounce will once again test the $50k psychological level. 3. Break down below the 200 MA will drop the price till $42400. Well, that's it for the update. If you find this update useful then do hit some likes, share your thoughts in the comment box, and do share. Take care.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
6
CAN BTC REACH $50K?Welcome folks to this important update on BTC. In the previous 4 hours chart update, I clearly mentioned the fall or a bounce in BTC price and we all know that BTC took a nice bounce from the 100 MA. Now, let us look into this chart which indicates some positivity in the market. The lower trendline (acting as a support) is close to the 100 hourly moving average. This is the exact supporting trendline from where BTC bounced twice and gave a massive gain of 25% to 30%. Now, the interesting thing is BTC once again bounces back from the exact same supporting trendline, and if by any chance BTC gains 25%, ok 15% from the bounce then we will enter the $50k price level. Okay, now let us look at the invalidation point. There's only two invalidation point, 1) The 100 MA with lower trendline, and 2) The Horizontal support line at $44k. If BTC breaks below these levels (which is 5-6% below the current price) then the chart will be invalid. I am biased towards the bullish side and if the rally continues then by the end of this week we may see BTC at $50k. Adiós for now and hopefully see you guys soon in the $50k. What are your thoughts on BTC? What your T.A says? Do share your ideas in the comment section and also like this chart. Thank you.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BTC By 2017 Standard; True Bull Market is in the Next 90 Days- Instead of using the halving date as an indicator for the start of the cycle. I took the first time BTC starting breaking its previous all-time high. - By this measure, we were at a similar point in 2017 to where we are now . Boring consolidation after a massive collapse of around 40%. - In 2017, after the 200th day the price of BTC rose by almost 1600% in only 95 days -Adjusting the movements proportionally to what happened in 2017, we should be looking at a ~230,000$ BTC in the next three months.
BITSTAMP:BTCUSDLong
by falamah
Bitcoin has hit strong support!Chart Overview Below is a bullet point summary of the chart, which include specific Gann lines that denote support or resistance. * 3 Day BTC/USDT chart on binance * Line A = Very Strong Support * Line B = Strong Support * Line C = Medium Resistance * Line D = Strong Resistance * Line E = Medium Resistance * Line F = Strong Resistance * Line G = Very Strong Resistance * Line H = Future Resistance or Support Analysis We can see that the price is currently sitting on Line B, we can see via the volume that selling pressure has noticeably dropped. Two likely predictions would be a bounce from here to more upside or a crash through line B towards Line A. In the first scenario, in the event the price bounces and continues to grow, the next resistance points which APPROXIMATELY be: 1) 45k 2) 53k 2) 65k 3) 77k 5) 85k In the second scenario, in the event the price continues to decline, the next support points would APPROXIMATELY be: 1) 24k 2) 20k 3) 16k 4) 14k 5) 12k Conclusion Right now their doesn't seem to be any clear indication that the price will continue to fall significantly, volume is low and we've hit a strong support point. To play Devil's advocate, panic selling can push the price down to 24k, however judging by the last two drops to 30k and 28k and now this current decline the amount of panic selling left in the market is depleting. What do you guys think, are we about to reverse or are we going to continue seeing lower prices? Disclaimer: Not professional advice, do not invest your money based on this analysis.
Long
by cmpkpersonal
BTC breaking 2.5 month downtrendBTCUSD has been creating a pennant during its downtrend which started in April. Although this is technically a bearish pennant, BTC tends to break up out of these. Which is what it is currently attempting. The last 4 rejections off the top trend line has allowed BTC to form this beautiful pennant. It is currently at the very tip of the pennant and has no more room to consolidate. While making this analysis it has already pumped $300 pretty fast, which is showing that the bulls are taking control. Pay attention to the zones provided.
BINANCE:BTCUSDLong
by Spiritualbeing11