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Btclongterm

BTC 2h - Blow off Top or Grinding our way up?Hi everyone! So BTC is in a current correction, if you might say, before we expect price to go up higher. The question remains is then if we get a blow off top and thus taking us outside of the channel or we grind our way up inside the channel to new ATHs. In my opinion and when reviewing the previous cycles we might expect some bigger correction to take place, bringing us to previous support zones of around 40k. It already happened many times in the past - doesn't mean it would happen but it often rhymes. Let me know what you think. Kind regards, Noel
BINANCE:BTCUSDLong
by itsnoelv
Bitcoin Trendline break- Long Term Buy Price TargetsBitcoin has recently broken another wedge lower trend line. I took some profit in ETH and BTC when BTC was >60k and am now looking for some entries. My strategy is long term hold, but I do rebalance my crypto against other assets in my portfolio so that has been forcing me to do some selling. I want to be patient and let this break in momentum play out. So I'll be using the following strategy to determine when to add to my long term holds. I use two types of targets in a lot of my long term trades. The first is a momentum signal, and I use both a SMA 8-day or the 4hr heiken ashi candle. At the time of writing the 4hr heiken ashi bear trend had not been reversed. If we get this signal, I will add with the thought being that we are seeing the trend reverse, at least in the mid term. The second type of target is a lower downward target, and these are looking for oversold conditions. For this I use a 135-day SMA, and the lower Bollinger band set at 80-days, 2 standard deviations lower. This gives us the range $36.5k to $42k. When we get any of the above signals, that's when I am looking to add to my position for long term hold. What are your entry targets?
BITSTAMP:BTCUSDLong
by kylespangladesh
6
Bitcoin New ATH Target @ $77,335 Bitcoin Update 14/04/21 Next Target @$77,335 23% Gain from the current price. See previous analysis below. Happy Trading :) Bitcoin Update 13/04/21 Next Target @ $66,953 6% Gain to 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 after the 13 EMA crossed up above the 50 SMA on the 10th April signalling a strong Buy for BTC ; since then we have seen an increase of 8% from $58,190 to $63,090. Worst case scenario from here in the short-term could see the price test the 50SMA ($58k), and breaking below this level would see another test of the 200SMA ($57k) 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.
GEMINI:BTCUSDLong
by CryptocurrencyMagnet
My thoughts on BTC and the Crypto Market this weekSummary: This week saw a number of cryptos make runs of 30, 50 and 100%. Holochain and  Bittorrent were amongst some of the winners smashing +100% returns. Dent and Tron also did well making 50% and 80% returns respectively. Bitcoin, the crypto that leads the market broke $60,000 USD again this month, stopping just below the all-time high of $61,683. However, it is looking positive because we are holding strong above the $58,400 resistance which was the Feb 21st high in the last big rally. Bitcoin is now on day 42 of consolidation. This pattern of holding ground is positive. The longer these consolidation periods the healthier the market, and the longer the bull run lasts. Consolidation is good. These are the times to enter. What everyone is waiting for is the next leg up. During that time, I will be warning you to either move your stop loss up or sell your short term holdings and move into USDT before a consolidation. Don't jump on rockets already in the air. Buy support and sell rallies.
COINBASE:BTCUSDLong
by CryptoMitchX
2
BTC back to $16 000BTC has always had a massive retrace after its parabolic runs and here we can see they extend past 70% usually. BTC makes such massive highs in such a short amount of time that it has to establish support on the way down. If BTC has reached its ATH and this run is potentially over than we can most certainly see BTC below $20 000 again. If you look back at this chart you can see after every major parabolic run it has more than a 70% pullback. Don't Hold on to your Long Term holdings slowly take profits and ease your way out of the market. There has to be a correction at some point.
BNC:BLXShort
by TheForecasters
BTC. Retest 42K. Wait and get a profitHi guys, As you know, starting from the All-Time High breakdown, we hold long BTC positions starting from 43K. If you don't' have a position now, we have few options for you: 1) You can Buy now on the spot (just from the long-term perspective) and wait for the retest. You should open an additional long position on the retest of 42K level. It can be a spot or futures position. 2) Wait! Base on the statistic, BTC usually test the previous level that was broke recently. So you can wait for this price and make your long order on the retest 42K. We cannot be sure that a retest happens. We would recommend the first option. All you need to do after you make an order, you just need to deal with your emotions if we will see the retest. Since it's about 7-8%. Some emotional traders are very sensitive about it. In any case, do not make any sudden movements. Choose the option you prefer in sense of risk/reward ratio, take it easy, and follow the plan. If we see a 10% pump or dump, there is no need to hop into the running train. If you are afraid of losing an earning opportunity, choose option 1 for 50% of the capital and make another 50% limit order for $42,200. We choose option 1 and have an additional order on the retest level. We had a 300% profit at the previous year, and we want to have the same during this year. But to get such interest with minimal risk you need to do everything calmly. And do not worry about the 5-10% movements in either direction. Leverage: You can adjust small leverage for the long position at the retest of $42.200. If you buy now, please don't use leverage. Would be happy to answer any of your questions.
BITSTAMP:BTCUSDLong
by pennygene
BTC Weekly Review. Feb 8thThis article should help you understand what is going on in the BTC market, and what should you do in this situation. Nowadays, we have seen that BTC price broke a $40K level that was a strong resistance level before the previous ATH. After that, we've seen that the ATH level was beaten with the 10% pump, in this case, all we can do is making long trades, which we actually did. We, at Pennygene, reentered long BTC trades at the $43k price. The situation that makes this movement possible If you take a look at the large wallet inflows, you may notice that we didn't have great volumes in the range of $39-43K. That zone was crossed by a single 4h candle. In our view, that was happened only because of the retail traders. As you may notice, the big 'whales' buy orders appear only on $43.3k that tells about their interest in long-term trades. So we'll see a new good bullish movement soon. That is why in our previous post we were not recommended to buy until we see a new ATH. We had a few possible scenarios for BTC price. The scenario with the deep correction was replaced with a 25% dump to $30k level, as we can see that was enough to get liquidity to make this movement possible. To make a long story short, there are a lot of emotional traders on the market at the moment. They make emotional trades based on the news and guess, which leads to the uncontrolled pumps and good correction that will reach the SL of the unreasonable traders. That how usually bitcoin tests support level after good pumps.
Long
by pennygene
6
Bitcoin - Long or Short?Look I don't relly know shit, but I feel like I have learnt a few things these past couple months, and that is that entering a long position now would not be a great idea, unless it took out the ATH and kept going that would be safe, or if it hit some lower supports that would be good time to go long as well, until then try to avoid FOMO and if anything go Short, BTC Chads will be like "iTs GoIn To ThE mOoN", and sure it might, but at this level there is a greater distance to the bottom than there is to its current ATH, so waiting to see if it does test a higher support level would be smart, and from there Short and best case you come up on loot, or worst case it hits your stop loss, you don't lose too much because because you entered a Short at the peak and switch it to Long if it looks good. Sure, if it does continue to rise then you want to kick yourself for missing out on those extra percentage points, but in the long run it's safer and guess what - you have the rest of your life to make money! Be smert, don't sweat it. Apologies for wall of text, I ain't formatin' it. Also go chart the 2019 peak, it is messy kinda like it is now. Lemme know if you have an insight contrary to my own, every piece of knowledge helps :D
BITMEX:XBTUSD.P
by w00fs
2
BTC 2021 outlookI want to share my BTC forecast for the year. Best estimate The best estimate BTC Price I'm looking at is $292,657.77 or close to 300K on or before January 8, 2022 or that's exactly 1,476 days from previous cycle. I used logarithmic chart here. Conservative estimate Using Compounded Annual Growth Rate (CAGR) for the period of 9 years of 313.20%, for this year I'm expecting BTC Price to hit $119,834.16. Computed as: Closing Price of BTC x ( 1 + CAGR) = $29,001.72 x ( 1 + 313.20%) = $119,834.16 Worst estimate Worst case scenario, I'm looking at $9,665 or the CME Gap that's not yet filled as of this time. Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
BITSTAMP:BTCUSDLong
by cautious_trader888
Bitcoin Makes History Again!Well, the long-awaited day is upon us today. Today will mark the highest Bitcoin monthly close AND the highest price to date. Bitcoin is slowly, but surely inching its way higher week after week. Looking ahead, we see Bitcoin has clear skies above and nobody knows how far BTC will go going into next year. If we take and Fibonacci extension from the 2 previous bull runs, we see price typically makes a 61.7% to 78.6% extension from the previous bear market bottom. Following this same logic, we can project BTC "might" see its next cycle top in the price range of $60,000 - $140,000. This may shock some, but the same could be said when BTC price was under $1,000 back in 2016. Please keep in mind, there will be MANY scary dumps along the way that will shake out many over-leveraged traders. There will be many traders calling the cycle top in the coming months, stay rational, and don't let your emotions be in control of your decisions. In my previous analysis that predicted this current parabolic price movement, we're seeing I listed all the reasons BTC will see a price increase from a technical and fundamental viewpoint. If you would like to view that post please see the link below. Keep in mind, a logical and patient approach is key to making consistent profits regardless of the market.
BITSTAMP:BTCUSDLong
by CryptoSyphn