Btcprediction
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective.
BTC failed to break its resistance - indicating an inevitable downward movement.
Then came Elon's tweet, catalyzing the downward momentum.
I don't really think his tweet had much to do with this drop as TA already told us to expect it.
I view his tweets as catalysts to what is already expected as per TA.
On the chart, I've delayed the time estimated to reach "spring".
Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term.
My ideal price movement is marked in green.
Comments and criticism welcome
BTC ISOSCELES TRIANGLE
We create an isosceles triangle on the graph, breaking it upwards gives us target 52555k, if we break it downwards, we drop to 20224 and a quick bounce to 30k.
The RSI has reseted is a very good sign, the MACD on the 1 day interval is also reset and we may have a crossing of the orange line above, which gives us the MACD Cross, which means very positively to give us a break at 52555k. I am very BULLISH
#BTFD
BTC Wyckoff Accumulation (A followup from my previous idea linked bellow)
I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback.
This is a second idea still keeping to Wyckoffs accumulation schematic.
It may be possible that the accumulation period is shorter than I stated in my previous post.
Changes:
I've moved ST to just below AR.
STB replaces the previous ST.
If this is correct then it would seem that we are approaching the "SPRING" very much sooner at just below 28,000.
Please comment on if you think this idea is or my previous idea is more likely.
BTC Wyckoff Accumulation This is my first time publishing an idea.
I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images.
I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn.
From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC resuming a strong bullish trend after June.
Please comment on changes you would make to key points corresponding to Wyckoffs accumulation schematic
Bitcoin should be passed 40,000 to complete down trend periodthe situation of coins BTC and altcoins are getting better. However, to make sure they are finish over the downtrend crisis, BTC should win resistance price at the 40,000.
Signal next dip coming soonSignal showing for the next dip down possible to 42000 and possible lower and that be the final dip finishing ABC correction
BTC - 6h. Another buyer check is in the range of $50300-51400For almost two weeks, buyers are trying to come to their senses after a powerful wave of decline from 14 to 25 April. Serious intentions of sellers within the previous wave of the fall is confirmed by the fact of breaking the liquid range of $50300-51400. It was this range that slowed the panicky fall of BTCUSDT on April 18.
The sellers' second attempt to stay below this range was unsuccessful. This was the signal for buyers to start a new local wave of growth within the two-month consolidation. Therefore, this range will be a critical point for us , above which buyers have every chance to re-test the range of $60,000-61,000.
Why don't we forecast a price increase above this range? The fact is that in our global idea we showed a probable positive scenario in the BTC market:
Due to the relatively weak counterattack of buyers, the decline in the dominance of BTC intrigue in the market is growing. The weakness of the price near the historical highs alarms us personally.
If we look at the situation on the hourly timeframe , we see that buyers have found local resistance in the mark of $55200 . However, after the second attack of sellers of this mark, the price of BTC bounces weaker both in volume and in the nature of price movements:
Therefore, we are waiting for a re-test of $50300-51400 to make decisions about buying BTCUSD and other coins. Depending on how the price of BTC will test this range, we will make trading decisions.
P.S. In the event of a sluggish wave of decline, buyers may not release the price outside the white trend line (Chart 1h). In this case, the new growth momentum will be strong and the probability of breaking $60,000-61,000 will increase significantly.
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BTC in ABC correctionBTC heading down we are just at the beginning of the final leg of the ABC correction. Once we done the C down we can see some massive up moves. That is why on certain alt also is very visible rolling over moving downish, however some might be able to recover quicker than others, so make sure holding te one that does.
We either move to 52K for slight correction or major correction same size as leg A and go down quick far to 42k.
BTC Bitcoin Next TOP & DIP Prediction IdeaBitcoin moves in circles.
First move from DIP #1 (27 January) to TOP #1 (21 February) was 100%.
Second move from DIP #2 (28 February) to TOP #2 (13 March) was about 50% less than the previous one.
Third move from DIP #3 (25 March) to TOP #3 (15 April) was about 50% less than the previous one.
LOWEST: 27.01
HIGHEST: 21.02
LOWEST: 28.02
HIGHEST: 13.03
LOWEST: 25.03
HIGHEST: 15.04
LOWEST: 25.04
SMALL DIPS OCCURE: 4 Days After the Lowest
My Prediction for the next TOP is between 13 May to 21 May.
My Prediction for the next DIP is between 25 May to 27 May.
This is not a financial advice. This is solely my own idea. Do your own research.
Bitcoin Price Action Outlook 22 April 2021Hey! Btc shows highly complex correction movement, which is not interesting to trade. ANyway price might open new Buy opportunity for mid-term.
On chart side you can see EW map, using Fib channel and wave-5 target I think best buy opportunity for mid term will be near 50-51K
BTC 12h Weekly section: Bitcoin weekend №14
Taking into account the hot situation on the market, it is high time to resume the "Bitcoin weekend" section №14 and share our thoughts concerning the situation on the market.
Bitcoin has been growing on average volumes for almost a month. And last week, the market asked for a correction to cool the crazy growth. Only the news impulse was lacking to trigger the drain.
Most likely, the news trigger for the drain was a tweet that there are rumors that the US Treasury may soon accuse a number of financial institutions of using digital assets for money laundering.
Now according to the BTCUSD chart:
The fall of the 12h candle was 14-15%, the altcoins were drain from 20% to 80%+
The BTC fall stopped in the first liquidity zone around $51,000 and this is a good signal for buyers, because they could have thrown much lower, to $46,000, where the second liquidity zone is.
Now, in fact, half of the drain has been bought off and this is the second good call for buyers.
They write that they liquidated more than $9.5bn of futures positions from those who like to long with large leverage without stop.
The only thing that we can control when trading on the cryptocurrency market is the risks that we are ready to accept on a trading deposit . And we recommend that the risk per position is no more than 1-2% of the deposit.
If you look at the BTC dominance, then it finally broke the 3-year channel down and even reached the level that we expected around 53%.
Now, we should expect a rebound of the BTC dominance to 58-59%, which may be a positive factor for the BTC price growth. But how the altcoins will behave in such a situation is interesting to watch. Usually they are pulled up to BTC with a delay of several days.
The following observation also seemed interesting to us:
When the BTC dominance fell for the last month, it is logical that capital flowed into altcoins and they insanely grew, but in the last week the situation looked somewhat different.
It seems that large deposits have been sold out a lot last week:
- withdraw 80% in fiat and lent it out expensively for everyone who wanted to take longs.
The cost of a USDT loan for margin trading could go up to 3% per day, and sometimes there was not enough fiat at all to lend to everyone for margin trading.
- 20% were transferred to altcoins to show that there will be more growth, so take USDT in long at any price.
This is the picture that appears in our opinion...
The third liquidity zone BTCUSDT is $42,000. It is also a critical level for buyers, as there is room below for a fall to $32,000.
Considering our cautious trading with stops, which shows not too high, but stable growth of the deposit and skepticism towards statements such as: "the market will always grow", "this growth cannot be stopped", etc.
Still, we now more believe that there will be several days of consolidation and the continuation of the BTCUSD pair movement to the mark of $75,000 by mid-May.
And there, traders and investors say: "Sell in May and Go Away" Close all long positions and go on a well-deserved rest :)
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BTCUSDT Updatebitcoin is taking support at the daily 50 EMA (Exponential Moving Average) (the blue line), if bitcoin close above the EMA50, market could be bullish but if close below the EMA50 market would be bearish.
parrale channel in BTC break 58440$Yes, It breaks 58440$ support and goes to 50500$ only in some hours. We can see the Btc 72k$ in very Soon. If it breaks 72k$ then easily go to 80,000$
Be careful and take save trade-in Support and resistance
btc prediction 3one of 3 scenarios i see playing out with the new cycle. this one doesn't involve a pullback to 58263 at beginning
btc prediction 3 least likely but i do like the idea of a giant flag forming but this would not include pullback to the 58263 area same price movement after
BTC prediction based on patterns i seeanother prediction from this breakout moment. it also requires a trip to 58293 the .786 of the flag high to low. 2nd of 3 predictions and 2nd most likely in my opinion.
BTC patternsbasically timestamping this prediction. one of 3 scenarios in my opinon. this is based on a pattern that repeats non stop in bitcoin. it's always in this pattern it seems. kind of wild
BTC road to above 62kLooking like we are doing quite a repeat patterns and moving nicely, we are repeating what happened on march 29 and after likely be similar, we are now at 60700 and will go back down to 60k for a test bouncing higher to above 62k and then again a support test at 62k and then from there can go higher.
BTCusdt Strategy, Technical analyses From the channel, it is obvious that we can expect a strategy like Green Line which I highlighted.
Importantly, Golden Circle could be a great area as a Bullish area to see an increase on BTC price.
Plus, Golden Line is the most important Supportive area and Red Line could be other lines as a Supportive area.
Up and down trendWe are still inside a large downtrend channel mark with the white lines, but since yesterday we are in a small uptrend channel ( yellow ) heading up and reached back to one of the support, today we might be bouncing inside the small up trend channel and can expect a lot of ups and down while moving through it. And also when we move to close to the upper channel or even out of it, you can expect some drops when that happen. But when we break through the bottom of the up trend we can expect going down, but also when we hit the top of the white downtrend there is also a big change of going down. So make sure to move your stop loss hourly .
