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Btclongsetup

BTC.DCleaned up the BTC.D chart, as I feel now that bitcoin dominance is in a consolidation phase along side BTC price action. The D1 BTC.D chart has a falling wedge that is right below the 200 ema. I am almost 99% certain it will break up leading to another pump in dom & price of bitcoin. 68% will most likely take a few attempts B4 finally failing as BTC breaks up along with dom & heading towards the 200 ema weekly chart. There is some room for downside here to $5,500 level but thats really all I see and will probably be a great buy for a TP of $9600 next major area of resistance.
CRYPTOCAP:BTC.DLong
by Big_Mike716
BITCOIN - 20k IS COMING - NO PANIC! TAKE IS EASY! POSITION!!! Decision Time for BITCOIN! Did you check in on the crypto market this week? If you had not, well then, you may be in for a surprise...in a good way, of course. Bitcoin was back above $10K for the first time since October 2019. More importantly, it is also back over the 200-day MA. That’s notable because, as Tom Lee of Fundstrat put it earlier this week, anytime BTC has broken the 200-day MA, it’s gone on to record an average 197% gain over six months. We’re up over 40% since the start of the year, meaning if there is anything like a 197% gain on the cards, we ain’t seen nothin’ yet. Of course, it’s impossible to deny the connection between Bitcoin’s strength and that of traditional markets like the Dow Jones and Nasdaq. The stellar performance of those markets seems to be adding fuel to the fire in crypto, but what’s really going on behind these strong markets during a time of turbulence? Markets Are Rallying on Turbulence Western markets, particularly those in the US, are experiencing strong rallies since the Coronavirus made itself truly known in China. One would expect the opposite effect — that disruptions to the usual flow of capital, so tied in with China, would fuel major problems for globalized businesses worldwide. That’s true, but it is only a fraction of the picture. Many see this moment as a turning point in the global balance of supply chain logistics. As businesses have to rely so strongly on China for nearly every step in the supply chain, the disruption caused by the current pandemic has shown businesses the dangers of keeping all their eggs in one basket. It’s prompted many businesses to consider — and put into practice — moving jobs back to the businesses’ country of origin. However, the initial euphoria being experienced in markets may give way at any moment to the true economic reality being painted by the pandemic and effective closure of China, the world’s #2 GDP economy. Bulls may be pushing markets higher now knowing full well that a China-led global recession may be in the cards. Be that as it may, Bitcoin is tagging along for the fun. Bitcoin — An Asset for Turbulent Times? This leads us back to the million-dollar question. Is BTC a safe-haven asset? We view the current scenario as one testing the mettle of that belief. Should Bitcoin continue prospering even as global pandemonium increases, then we’ll have to side with yes as an answer. Again, BTC hasn’t had to face a true recession or widespread market downturn on the order of the dot-com crash in 2000. So, as the volume on havoc turns up, keep watching to see how Bitcoin reacts, especially with the halving at hand and the reality of digital gold coming closer to hand. --------------- Did you think we were gone? Today, there is the State Of Fear how can we "SEE". The Fear and uncertainty in the markets. However, this is typically seen with declining. How is fear seen?. My frailty as a human has shown itself a sign of it eat them like cancer. Often times you will encounter people who will cause you to doubt your own development. This can be due to seeing their false image stunts or ridiculous drivel about trading methods. See that you mind your own business always. Life has an uncanny ability to present distractions. Even when you didn't ask for their opinion. Why would someone who doesn't know what you are learning to be concerned with your development, to begin with? Keep the focus on your task... improving from where you were yesterday. You see the proof... you witness the evidence. Give no time to fools. Energy and time wasted on the unlearned who stay in doubt or envy is a terrible drain on your productivity as a student. I don't care who they are or what they say... I remain... and so shall you. Patience is the greatest virtue needed to be a successful trader! It is easy to interpret the charts. But very difficult to understand the human mind. Are we here at seeing a world different from everyone else? What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION. If you want to win in this market, you need to be COLD and CALCULIST! I am not Bearish long term. I am a Bull of Bulls. To the Moon is too close, go BEYOND! I am anti-establishment! Long Bitcoin, Short the Bankers! Nothing is hard as long as the determination is there. I see you in 20k We go together Together we are stronger Share and like God bless you! ---------------- >> HALVING Stats << Stock/flow 1d/365d: 27 / 25 Stock/flow price 1d/365d: $9.683 / $8.310 Actual price: $9.594 Mined BTC: 18.227.738 Mayer multiple: 1,08 Days to halving: 79 Pow law osc: -0,05 Dormant BTC >10y: 1.192.898
BYBIT:BTCUSD.PLong
by ferGOD
9
BITCOIN - SUPPORT LEVEL HAS HELD STRONG - BULLS IN CONTROL?Hey everyone, welcome back to this weeks analysis of Bitcoin. As seen on the chart, price has bounced off my green s/r level. Just when it seemed like the bears were in control, buyers were able to push the price back up. Per my analysis last week on the daily time frame I knew that my s/r level would have some sort of reaction to it. We also see a big volume spike to support the move up. My bias is bullish for now. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
COINBASE:BTCUSDLong
by FXShinobi
BTC - Revised $4100-$4400 TargetSorry if this chart is too busy, but Jesus... My initial target was $5k. But because the bulls have managed to hold onto it for dear life, they've validated an ABCDE triangle and have widened themselves from our most important support line. That is literally the worst thing they could have done. If the bulls had just accepted the loss, we could have dropped. hit our .786 fib extension, and bounce off of our support line. But I have to call for an even more bearish fall here. We're losing sight of our support line. Daily Stoch has increased all the way to overbought on the daily just by bouncing $500, and we're looking at a 1-1 extension from waves A to B. I tried to find some things that could give us support at 5k regardless. And there ARE support zones labeled based on previous peaks of BTC in August-Septemeber (a critical time in BTC history). These create confluence and support zones where we can see reversal. The .786 fib line is at $4,400. Which is also the peak of the high on September. Then I took the average drop of the past 4 major drops on this past run, which was roughly $2700 points. Where does that lead us? $4300. Then if we look at this support line (for the absolute low), that could take us to $4100 if TIME permits. I'm expecting a HARD sell off here because the Bulls have managed to drag this thing out. Remember when I said that people will panic sell at $5k... Imagine if that breaks, the ones who wanted $5k will surely be scared if this hits the low $4ks. This actually is just disappointing. You all KNOW that I don't give financial advice on here. But for this one time, highly advise to NOT be long right now and get your cash ready for a SWING position. And when we bounce to 10k from $4k, take your money and run. Because I can say with absolute certainty that if we fall to $4.1-4.3k region, I will officially go 1 year bear market mode. This is what I did not want to see. But it's the cards we are dealt with, and what we have to face because of parabolic growth. And at the same time, I am not, nor will I be surprised - because this is something I've previously mentioned of being a scenario. This has potential to NOT be the year of the investor, but the year of the trader. Parabolic growth is only good for the moment. And only good if you just take your profits. We CAN bounce at $5k. No doubt, but now its less likely. The probability of that happening has now decreased. I will upload previous charts and descriptions from the previous post, because the idea is still the same. But I want all of you to be aware of the possibilities that this year has to come. I want you all to end profitable, to regain any losses you've assumed over the past few months and give yourselves better set-ups for the future of Bitcoin. Because the future is STILL bright! Just not 2018 (if this drop happens).
KRAKEN:BTCUSDShort
by Elijah_Trading
23