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BTC – The Double Zigzag pattern in 4th wave In the daily chart, there is no doubt for the targets of $ 21,500 to $ 23,000 in this uptrend, and after the completion of this corrective movement, this uptrend will begin. in the 240-minute chart for a few days, there was the probability of the triangle pattern formation due to the wave structure of the sides. Currently, according to the 60-minute chart, there is a scenario that the structure of Wave 4 is in the form of a Double Zigzag pattern, which is located exactly on 100% of the W wave and has a retracement in price. In order to receive the confirmation for the uptrend, the price needs to make the first 5 uptrends and then in continuation cross the range of $ 19420.
by NirmataFX
BTC IDEAThere is a chance Bitcoin wil make a double bottom, (cme gap) high chance this will be filled and then go parabolic. It is just an idea, but this bullmarket is not like the last one!!!! A lot more institutions will come to buy btc/ and are still buying so i think if this double bottom plays out, we will go to 25-30k -> pullback to previous ath (around 20k) this will come with the big crash of 2021. (THE BIG RESET) Then I think a good price to cash out your btc and other coins is around 100-120k.
COINBASE:BTCUSD
by Gilles_I2i
1
Question:How can I convert $ 10,000 to $ 160,000? Answer:BitcoinIn order to be able to have a detailed study on the Bitcoin chart, we drew the chart in logarithm, so that we can have an accurate wave count for it. As you can see in the weekly chart, the price is in a complete uptrend channel, in which the price by hitting the bottom line of the channel has started the increasing price trend in wave 3 from the 5th point. In addition, by break down the downtrend line, this scenario has been confirmed. Bitcoin's one-year target would be close to $ 250,000, which is not an implausible goal. ( Weekly Chart ) In the daily chart and by over reviewing the structure of the last uptrend which has started from the range of $ 3850. We see that we are in wave iii from point (i), this (i) wave can continue up to the target of $ 20,000, till the uptrend become fully confirmed Also, due to the very high demand for bitcoin, we will probably have a very short corrective movement in the range of $ 20,000, and a very strong uptrend forming for the target of $ 100,000 to $ 150,000.
BITSTAMP:BTCUSDLong
by NirmataFX
BTC/USD Tests Key 15007.55 Technical Resistance (11/5) HODLBitcoin (BTC/USD) extended its significant climb early in today’s North American session as the pair appreciated to the 14988.00 area after trading as low as the 14000.00 area in the Asian session, just above the 38.2% retracement of the recent appreciation from 13530.01 to 14273.60. Stops have recently been elected above some key upside price objectives including 14258.88 and 14364.17, a level that represents an upside price objective related to buying pressure that emerged around the 6430.00 area. Additional Stops were triggered above the 14527.76, 14649.74, and 14825.82 areas, and tested another upside price objective around the 15007.55 area. Traders are closely watching additional upside price objectives including 15093, 15308.78, 15440.26, 15479.66, 15996.17, 16085.25 levels, and 16125.14 levels. Stops were recently elected below the 13465.76 and 13415.01 areas today during the pullback, representing the 23.6% retracements of the recent appreciating ranges from 11416.04 and 11201.00 to 14098.92. Additional downside retracement levels in these appreciating ranges include the 13074.06, 12991.91, 12757.48, 12649.96, 12440.90, and 12308.01 areas. Stops were also elected below the 13609.26, 13451.74, 13224.44, and 13197.13 levels during the recent pullback, levels related to the recent appreciating range from 12785.00 to 13863.87. Traders are observing that the 50-hour simple moving average just bullishly moved above the 100-hour simple moving average. The 12846.65 and 12928.80 areas are significant potential areas of short-term technical support related to those appreciating ranges. Following the pair’s recent ascent, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14643.91, 14569.57, 14431.05, 14310.71, 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Another important technical level includes the 11510.44 area, representing the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 13677.56 and the 50-bar MA (Hourly) at 14068.40. Technical Support is expected around 13260.30/ 12847.95/ 12563.28 with Stops expected below. Technical Resistance is expected around 15093.00/ 15308.78/ 15479.66 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
BYBIT:BTCUSD.PLong
by MavRich_Trading
1
BTC Trader Alert, Big Move Coming ?☆☆☆ BTC Usdt ANYLYSIS ☆☆☆ ⚠️ This Post Only For Your Saftey ⚠️ 1️⃣ Resistance 👉 10800 2️⃣ Resistance 👉 11180 1️⃣ Support Zone 👉 10120 2️⃣ Support Zone 👉 9880 Bitcoin Now Moving Between Key Support 10500 To Resistance 10800 , Price Moving Here More Then 5 Days. I'm Smelling Something Big Move Up Or Down. So Always Use Stop-loss For Your Saftey. If BTC Want To Fill The CME Gap We Can See BTC At Near 9640 + - ✌ Hit The Like Button & Appreciate My Hard work ✌ ⚠️ CHECK YOUR OWN ANYLYSIS ⚠️ ⚠️ This Post Only For Your Saftey ⚠️ Best Of Luck...
by CryptoLearnersBd
4
BTCUSD Update: Whats next? I think by now, it has and always has become apparent that cryptocurrencies like BTC are susceptible to whale market manipulation - meaning those with large % of BTC holdings are able to manipulate the price of BTCUSD to a certain degree to stop out many small time traders, enabling themselves to massively profit from the large surges in price change in their favour. In these cases, the ones who suffer the most are the highly leveraged traders in a market of strong momentum, when everyone is sure of the market direction, these traders put in LONGS or SHORTS with high leverage in their false confidence, and BAM, spikes of reversed volume by the whales in unison, the price swings in the opposite direction, as they hit the stop losses, the trend accelerates with newfound strengths from the STOPS getting cleared out. Example in our BTC dump occured just a few hours ago, from the highs of 10400 to lows of 9135: - Initial surge in BUY to 10400 came in sudden with JUST ONE spike in massive buy volume, immediately followed by pullbacks and profit taking (which is normal) - BTC then appears to be bouncing off 10100 slightly, with much smaller volumes of consolidation, mainly buy volumes - Trader sentiment is mostly BULLISH by now, with MACD strong in the BULL ZONE and BTC above 10100, its highest since Feb 2020 pre-crash - BAM! Huge massive SELL volumes out of nowhere (although we can see a rejection wick in the previous BULLISH candle after touching 10200, it is still a bullish candle + the wick is relatively short = not enough to signal a reversal to sell) - The massive SELLOFF dropped to 9100s in the HOUR ITSELF, stopping out thousands of BUY trades with stop losses estimated to be at : --> 10000S for short time traders --> 9800s for mid term traders --> 9300s for longer term traders TRADING IS REACTIVE, NOT PREDICTIVE Therefore, we watch for the following opportunities: - Now we see long support wicks validating 9400 (0.236 fIB LEVEL) as a VERY IMPORTANT SUPPORT ZONE, breaking this would bring us DOWNWARDS towards next support level @ 9300, as such I see more possibility of upward movement with these overlap of support zones. - an HOURLY H1 close above 0.382 FIB LEVEL @ 9650 with a strong bullish candle stick gives us a LONG opportunity towards the 2 targets shown in the chart @ TP1 9750 and TP2 @ 10100 As always feel free to like and follow if you enjoyed my ideas, trade carefully with stop losses and happy trading! Best Regards, GOLD D ROGER
BITSTAMP:BTCUSDLong
by Gold_D_Roger
#BTC/USD BULL and BEAR Scenario+ SAFE EXIT PLAN.It’s Subscribers like you that make my IDEAS awesome. Thank you very much for your unwavering attention and support so far. Cheers! and welcome to this new update. 6 hours back I updated my last idea that we will touch 9900 soon AND WE DID EXACTLY HIT 9900. WHAT NEXT? FIRSTLY UNDERSTAND THE CURRENT MARKET SENTIMENT: A week back people were bearish and no one wanted to long when BTC hit the 8100 area and BTC pumped and started trading under the rising channel. That move ended up being a wick in HTF. Now people are bullish and I must say very bullish. This is the concern. SO WE MAY SEE AN IMPULSIVE MOVE TO THE UPSIDE AND THEN A BIG CORRECTION. Currently BTC is trading under an ascending triangle which is due for a breakout. As per chart the breakout should happen within the next two days and 8 hours. If it breaks to the downside $9185 is the SL for longs or getting our of the market. And If it breaks to the upside we will follow the following strategy: MY STRATEGY FOR BITCOIN: I will try to lower my exposure from BTC within the area $9900 to $11680. THE SAFEST EXIT IN MY OPINION WOULD BE within $10400. (Not a financial advise) IMPORTANT LEVELS HAVE BEEN PLOTTED IN THE CHART ITSELF PLEASE OBSERVE AND LEAVE YOUR FEEDBACK. ALTCOIN STRATEGY : Because of this MOVE in BTC many altcoins will have negative rallies which will eventually result in producing new buying opportunities. That's is the time when we must consider entering alts by following proper TA FA and Keeping an eye on Dominance charts/alt mcap I will be posting all the charts here on tradingview. So please LIKE THIS POST AND FOLLOW ME FOR MORE DAILY UPDATES and FREE EDUCATIONAL CONTENTS. I will end this update with. this note - Never be too greedy, take profits when they show up. BTC is due for a correction its just about finding the top which now one knows so we try to exit safely and buy back lower by being patient. THANKS for your unmatchable support. Stay Safe #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
236
BTCUSD BITCOIN Technical Analysis: Top of Ascending Wedge!!BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen. Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major resistance @ 10000. A rejection by the wedge top would bring u to the nearest support @ 9550 - 9600 region, which coincidentally overlaps with the 50 moving average (MA) line, further strengthening this base as a strong support, offering us a quick SHORT opportunity. Therefore, I would not suggest buying in at this time, but wait for the pullback to the bottom of the wedge then rebound confirmation OR a breakout above the wedge with bullish candle pattern confirmations. As always, trade carefully and with stop loss orders. Feel free to like my post if you like what I shared, thank you! Best Regards, GOLD D ROGER A humble, beginner trader
BITSTAMP:BTCUSD
by Gold_D_Roger
BTCUSD Bitcoin: Retest of 9.8K & the big 10K !!!So far, the 9200-9300 region has been validated as a strong support, which includes: - 200 MA line (Yellow) - Bottom support of descending wedge formation (Green line) - 0.236 Fib retracement line Three times BTC has touched this region and rebounded to the top of the descending wedge, now having broken out of it to hit the highs of @ near 9600. Now we look for BTCUSD to retest the top of the wedge, also the 0.382 Fib level. If it rebounds from there, we could aim for a LONG Opportunity to the 0.786 Fib Level at least @ near 9800. OVERALL FUNDAMENTALS: Really Bullish with greater media attention now especially with - Paul Tudor Jones endorsement : might see a laggard spike in moves taken by larger funds into BTC holdings - Recent JK Rowling Uproar: her innocent question about bitcoin and its uses Miners seem to be driving the prices higher to maintain mining operations with the halved rewards, I don't see a mass capitulation very soon with bullish momentum feeling so strongly Bitcoin holdings in wallets outside of exchanges/BTC flows out of exchanges have massively increased, I see a gradual yet imminent demand surge for BTC as soon as fund companies start snatching up the supply. At the moment, I would be focusing on BUYING IN on any major pullbacks along the way. Most shorts taken now likely to be on 10-20% pullbacks in a increasingly apparent parabolic uptrend and that IS NOT ADVISABLE. As always, FEEL FREE TO LIKE AND FOLLOW and always trade carefully with stop loss orders! Regards, GOL D ROGER
BITSTAMP:BTCUSDLong
by Gold_D_Roger
BTCUSD Bitcoin Forecast : SQUEEZING AGAINST 100 MA WELCOME TO MY PAGE! FEEL FREE TO LIKE AND SUPPORT BY FOLLOWING IF YOU LIKE WHAT YOU SEE =) BTC has been following an ascending wedge line since 11 May 1800pm. It was rejected sharply by the 200 MA on 11 May 1200pm, where a sharp spike was quickly overturned by massive selling pressure Now since 13 May 0000pm, it has been following the underside of 100 MA closely, proving to be a strong resistance. We look to see if BTCUSD BITCOIN BREAKS TO THE UPSIDE of the 100 MA (white line), then our LONG targets would be @ 9000 next, 9200 then 9500 if possible. Most likely, I would see a sharp rejection @9000 for a SHORT to the support level @ 8500, for a continuation of the sideways movement in the 8500-9000 range. As always trade carefully with stop losses and FEEL FREE TO LIKE AND COMMENT YOUR THOUGHTS DOWN BELOW! Regards, GOL D ROGER
BITSTAMP:BTCUSDShort
by Gold_D_Roger
BTC Forecast with Fib Retracement Levels AnalysisAfter checking my previous post and cross-referencing with Fib Analysis and historical data, I can safely say 2 paths BTCUSD will take from now: 1) REBOUND FROM BOTTOM OF ASCENDING CHANNEL and 0.236 Fibonacci Line --> Taking us to resistances @ 9200, 9500 and finally 10000 However, this requires massive buy volumes to overcome 3 major resistances levels close together. 2) BREAKDOWN OUT OF CHANNEL BOTTOM --> Retouch 0.382 Fib Line @ strong support level 7700 or even 0.5 Fib Line @ 7000 This will definitely bring in major BULL POWER with the massive buys upon seeing this BTC price, giving us more gas to start the next major BULL RUN for post halving Option 2 seems more likely, given the exhausted weeks of bull pressure, and also, having BTC retest the lower levels would garner stronger supports for the next run up. At the moment, BTC seems undecided about where to go, ranging about forming a PENNANT STRUCTURE. Watch for: - Breakdown below 8500 --> DOWN WE DROP - A close above 8900 --> UP WE GO For now, hold your horses boys, we charge when the signal flare is lit. Regards, GOL D ROGER
BITSTAMP:BTCUSD
by Gold_D_Roger
2