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Btcprediction

MACRO BTC ANALYSIS / BULLISH IDEA + thoughts...First, a few thoughts / reflection as we reach this critical junction... Let's take a step back. It's easy to get caught up in the chop/noise/hype/news. I just saw a headline that read "The Bitcoin Dream is Dead" and couldn't help but laugh... albeit a bit nervously. At risk of sounding like a Vietnam vet or something, I WAS THERE in 2017, desperately watching the crash from previous ATH of 20k, unable to sell my BTC because Coinbase was down (of course). In the coming weeks, as I watched my net worth disintegrate, I had the sense to take some profits, but was mostly ignorant about trading/TA and unable to realize the obvious reversal into a two+ year long bear market. Perhaps traumatized by that experience, I was far too bearish for far too long this time around. It sucks to be the last bull to the party, and you have to be cautious if you're currently looking to reenter / long BTC as it hits new ATHs. You do NOT want to revert to an impulsive noob crypto investor who buys in at the top and rides the retrace down. (Stop Losses are important) But, obviously, this is not 2017. There is a LOT more institutional money in this market, and obviously more retail every year. We've already DOUBLED the previous ATH, and many are calling for 50 - 100k BTC in the next year. At this point, it certainly seems possible, but what happens over the next few weeks will matter A LOT in terms of getting the best reentry & mitigating downside risk. ANALYSIS: We just had a 26% retrace, big enough to have my mother texting me her condolences... but not unheard of for btc bull run retraces. Now it looks like BTC is forming an ascending triangle, a bullish pattern, but also potentially a macro head & shoulders (bearish). Also note that the top line of the rising wedge that BTC previously traded in is still in play. I would not be surprised if we see the h&s play out as a retest of that trend line, which would shake out a lot of weak hands / those who unfortunately bought near the top, and give those with true grit a new entry. If / when BTC breaks and holds above the new resistance level around 37k, this will indicate a continuation of the bull run. happy trades, CD
by cryptodonovan
Bitcoin Harmonic and Cup and Handle! Bitcoin has reached the first 3 targets after completing a Bullish Gartley harmonic. The final target is around $42,700. Bitcoin is also forming this Cup and Handle formation. For me, if it plays out it will be more confirmation of the overall bullish trend. I am expecting a retrace back to around $35,500 to form the handle, and will expect a move up after that. This daily chart still looks bullish to me. I'll be hiding in the bushes waiting to see how it plays out. Owhooooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
BTC. Below $37170 the initiative will be intercepted by sellersGood morning. Yesterday's daily candle closed well for buyers. The dynamics of price growth shows that the impulse is still incomplete. On the 3 hour timeframe , we see that buyers are in strict control of the local trend line and do not allow the price to go beyond it. Buyers are in no hurry and come to the critical point without much aggression. We have narrowed it down to $39700-40500. An important fact for buyers - the price broke the mark of $37170 . This local mark is interesting because on January 29, it was there that 3-hour candles were closed before a sharp price reversal . We will consider it to be a critical point of true local growth. BUT BUT BUT! BTC dominance is not growing . most alcoins do not have the strength to continue to grow with bitcoin. Some of them fall. This is a bad trend, it speaks of a likely wave of fall that can be expected by the entire crypto market. Therefore, be careful with Longs. for now, we'll see the fight in the $39,700-40,500 range . Have a good day! P.S. our global BTC idea: _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
BITSTAMP:BTCUSD
by P_S_trade
30
Bitcoin Move Coming Soon?Looking at the 1hr chart it looks like Bitcoin has been rounding up it's pups and is ready to make a break for it. The measured move up would give us a target above the red resistance box. I'll be looking for a back test to flip it to support if we get up above $35,500 again. If we break down then I will be looking at several areas for support, the first being the .5 to .618 Fib retrace of the last move. About $32,200 would be my target for the downside and I'd be looking for a hard bounce from there. Here is the daily chart. Is that an inverted head and shoulders? If you twist my whiskers I'll admit my bullish bias. The trend is our friend until it ends! Owhooooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
Bitcoin Howling for the Moon! Harmonic Confirmed!?It looks like the harmonic has completed and I have taken a long position. I'm expecting more upside. My first target is C at around $34,800. The 2nd target is A at around $38660. For me, the final target for this harmonic is the 1.618 of the A/D Fib, which is around $42700. Here is a the 1hr chart pulled back a bit so we can see all the targets. On the daily chart it appears we have broken out of a descending triangle to the upside. The dashed lines show me we are likely still in a giant symmetrical triangle, which to me is bullish. The measured move for the current break puts Bitcoin above $58,000. The daily with the target and potential date we could reach the target visible. Bitcoin has me howling for the moon! Owhooooo!
COINBASE:BTCUSDLong
by Akamer-the-Werewolf
Bitcoin Bullish Cypher!Looking at the 4hr I am seeing the completion of a bullish cypher pattern. I think that we will move up from here to test resistance towards the top of the falling wedge. I will be looking for a reversal around the .5 to .618 area of the Fib retracement from the C to D leg of the bullish cypher. This would be a good take profit zone if a long was initiated. Here is a closer look at the bullish cypher pattern. Pulled back on the 4hr we can see the falling wedge. If we touch the orange trendline we could be howling for the moon again. If we fall below it, then I'm running for the hills with my tail between my legs! The daily is showing a descending triangle. A measured move down would take us close to $18,000. A break up and we could find a new ATH close to $45,000. For now we are still consolidating within the structure. Are we in a bullish or bearish trend? Owhoooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
7
Bitcoin Reversal? Looking at this 30min chart it looks like we may be rounding out and looking to start testing resistance. Having said that, it seems there are some other possibilities. There is a descending channel that has me thinking bear flag. I also think that the harmonic is still in play. From here, we could go either way, but I am leaning towards the downside, so I'm cautious of a fake out/bull trap scenario here. A closer look at the 30min. On this 4hr chart we are still in the falling wedge. The daily is still showing us inside this bullish pennant. Looking for an edge, let's see what happens! Owhoooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
2
BTC - 6h. Bticoin correction is not over yet. $26200The week of trading on the BTC market did not end with a confident victory for buyers. The price of BTC updated the local low of the previous weekly candle. Trading volumes during the sellers' attacks were quite high and it is safe to say that the correction of the BTC price ended in our opinion early. Yes, sellers failed to break through the $30700-31300 range. The re-attack of this range took place already at reduced volumes. However, it is difficult for buyers to regain control of the range of $33,400-34,000. In the previous idea , we based our analysis around these liquid areas: If buyers are unable to take control of the $33,400-34,000 within a few days , the continuation of the correction in the BTC market will look like a strong downward impulse. After breaking the $33,400-34,000 range, buyers will secure a growth prospect of up to $35,500. In this case, the correction of the BTC price will be quite smooth and will give a chance to other coins to continue to shoot up, as is the case with UNI . Our main target, which we wrote about in our global idea remains at $26200 Let's see if it will be enough for buyers to consolidate above $33400-34000 at least for a while. An alternative scenario - the continuation of growth and renewal of the historical maximum is considered only after fixing the price above $35,500 _______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
BITSTAMP:BTCUSD
by P_S_trade
18
Bitcoin Falling is Healthy! Taking a close look at these candles on the 4hr it looks like a Bitcoin sandwich! I think this 4hr candle that just started will be interesting. I am thinking we break down and continue the local trend. It's been so BORING lately. Maybe that's about to change. The overall structure on the 4hr is showing me a falling wedge. I think we will find support before we hit $25,000. If we break below the orange trendline then I would expect the .5 Fib to be a good reversal point, and then the previous ATH of around $20,000 after that. If we end up below $20,000 then we could fill that CME gap at $9800. Pffft. On the daily chart I am seeing a descending triangle. For me this could be a bearish reversal pattern in the overall uptrend. Of course a continuation is possible, but I think less likely. I think we are likely heading down to find that 200 EMA between the .5 and .618 Fibs and from there we will start to move up again. I think this is healthy and good for Bitcoin, and I'll be happy for the discount. Owhoooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
Bitcoin Climbing the Ladder!Looking at the 4hr chart, I think we will move up and find resistance at or inside the red box, potentially all the way up to the top of the bullish pennant. I think this is a good place to ladder into a short position. To me, the consecutive lower highs and lower lows indicate there is some further downside. I think it would be healthy if we fell out of the bullish pennant and touched the orange line between the .382 and the .5 Fib. Then I think Bitcoin would be ready for a big move up to test the previous all time high. On the daily chart it looks like we are moving up to test resistance at the top of the pennant. I'm still bullish long term, but I think a good shorting opportunity is coming sooner. Owhoooo!
COINBASE:BTCUSDShort
by Akamer-the-Werewolf
BTC: Double Zigzag patternIn the 240-minute chart, the structure of the downtrend is in triple waves format, which firstly was detected in the form of a Triangle, but after the price development from the range of 30300, the scenario converted to the Double Zigzag pattern. There is another probability for price reduction up to the range of $26800. In any case, while we can’t get the confirmation for the uptrend that the price crosses the range of $ 37874, in this case, is the targets of the uptrend are in the range of $ 48,000 to $ 52,000
BITSTAMP:BTCUSD
by NirmataFX
BTC - 4h. The local critical point is $33,400.Yesterday will be remembered this week as the day of the consolidation breakthrough. The sellers broke the $32000-33000 range and tested the $28,800 mark . In our previous idea, we expected a local continuation of movement in the triangle, but globally, we expected a price drop. The price of BTC began to slow down strongly in the range of $30700-31300 . The 4-hour candle with the largest volumes looks very small, which indicates the large limit orders of buyers who restrained the price. False breakdown of this range gives buyers a chance for rehabilitation. On the chart we have published two potential trades that we see at the moment. So far, there is too little information to determine whether the BTC price has completed its correction or not. If buyers can't control the $33,400 mark, the decline will continue for the next week. Target $26,200. The main problem with this scenario is $30700-31300. However, closing part of the position in this range will significantly reduce the risks. This manipulation will allow us to calmly expect the price of BTC to continue to fall. If the price is fixed above the $33,400 mark, we see a good opportunity to trade with the $36,460 target. Whether there will be a prospect of breaking the trend line and the beginning of a new growth channel - we will see the circumstances. P.S. we experiment with writing ideas. Today's format is new for us. If you like this format - write about it in the comments and like it. Have a good trading day. P.S.2. Yesterday we saw the statistics of our top 11 ideas for 4 months. If you haven't viewed it yet - link below:
BITSTAMP:BTCUSD
by P_S_trade
15
BTC price prediction - ride on rollercoaster - LEVELS to BUY BTC is under selling pressure, but DO NOT PANIC. This is still kind of usual correction after this kind of big bullish ride. Please take it as a good opportunity to BUY. You can choose the side where do you want to be. You can panic with retail and sell it with losses, or you can take it as an opportunity to BUY cheaper, even if you have your BUY position higher, DO NOT PANIC. So, where is the new LOW? It could be even on $23K, but Bitcoin rejected to be lower than $30K, so let's hope today's close will be higher than $33K. We will be BULLISH if the price won't close lower. When Bitcoin close under $30K, we can go lower, even to $23K. Entry levels - LONG positions: $31 415 $30 011 $28 460 $27 684
COINBASE:BTCUSDLong
by SMART_MONEY_MARK
1
Bitcoin PredictionIf BTC hits resistance here and drives down towards the bottom of the rising wedge channel, then I will be looking to place a rather healthy long in hopes that 30K gets destroyed. Buy volume is through the roof and retail spot is continuing to grow. I wouldn't be surprised if it goes to the top of the rising wedge for a "blow-off-top" so make sure you are careful here! I'll be looking to take profit around 30,500-30,600 to front run resistance from the rising wedge. Good luck to all and I'll see you on the other side! Happy New Years!
Long
by btygoodman
BTC-6h. The price is in the critical range.The Christmas weekend has benefited the cryptocurrency market . The expected BTC price correction did not occur. Buyers set a new all-time high of $28,422 . The weekly candle closed positively. However, the daily timeframe showed the presence of sellers and the likely slowdown in the growth of BTC prices. The sellers managed to close the daily candle with pin bar. On the smaller timeframes clearly show the activation of sellers in the range of $27400-27700. The price went according to the first scenario we published in our idea . In this range, a small amount of liquidity has accumulated, which buyers will now test for strength. However, the nature of the fall in prices and the level of dominance of BTC in the crypto market inspires continued growth in the area of ​​ $30,000. In addition, it should be noted that the growth of the price of BTC is accelerating. The red curve confirms this. The highlighted white range may be the beginning of a BTC price correction with a first target of $23780-24000. _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
11
BTC 4h 1D 1W Weekly section: Bitcoin Weekend №3Good afternoon, we didn't have time to blink when Saturday came again) So it's time to publish the weekly digest. We recommend that you subscribe to us every time so as not to miss updating ideas. And if you did this, then you should have seen our idea for BTCUSDT two days ago, which definitely worked out, the growth $23,200-25,000. And who missed, then subscribe so that this does not happen again. So, what happened on the BTC chart for the week. In fact, there is nothing anomalous, as for an asset at highs with increased volatility. After the digest was published last week, the BTC price fell by 8% with a low of $21,800, however, the candles closing for two days was above $22,700 (the level that we indicated as critical). It was a clear signal that market manipulators were saying "it's too early to fall." Further growth continued, +14% in a few days, but look at the volumes! Falling volumes on growth indicate only a lack of interest, that is, the BTC price is kept in the right range to sell off expensively . The intersection of the trend growth of this quarter and the level of $19,400 coincides just with the end of this trading week, on the night from 27 to 28. It's hard to believe that the week will be closed by -$5000 in the BTC price, but miracles happen on New Year's Eve, right? :) It is also worth mentioning our global idea of using the Gann box, which indicates that a turning point on the chart should occur somewhere now. Now a little about fundamental news. There are a lot of news with headlines: MicroStrategy Institution, which bought out Bitcoin by nearly a billion dollars. Firstly, MicroStrategy is not a financial market institution, but an ordinary technology company. Secondly, well, not an ordinary technological company, but a very cunning company that, on Bitcoin growth hype, which is bought for borrowed funds, wants to greatly increase the value of MicroStrategy. Because their financial reporting is not the best, to be honest ... Therefore, it is worth delving into the news a little deeper than just the headline that everyone copies. Another fan of hype news is the Grayscale Bitcoin Trust. You read the news that they are buying BTC, but in fact they are accepting already purchased Bitcoins into the trust. This could be a new pyramid: distilling Bitcoins, exchanging for shares of a trust, then selling shares and, after paying taxes, clean and laundered cash. And even news like Grayscale Investments temporarily stopped accepting deposits in six cryptocurrency funds, has already begun to crawl out. But easy money cannot be stopped , now there is a bull market and one need to buy at least something, because the x is ahead ... XRP has recently shown how, over the course of hours, deposits can be reduced by half, and after a margin call, and generally leave zero on the account. Okay, at the end we need a little positive: Fortunately, the crypto market works 24/7, you still have time to make money, the main thing is not to rush and make informed trading decisions. And to save your deposit from mistakes, use a stop. Yes, we agree, it is not pleasant to catch a stop, but for example, our trade statistics says that even 70% of break-even and unprofitable stops +30% of positive trades give an overall result of +90% to the deposit in two months. For some, this is not enough for the background of Xs, but for others it is normal. On the other hand, the chance of losing a deposit is very low, and for those who trade all in and even with leverage in a very volatile market, they may be lucky twice, and the third time there will be zeros on the account. As the saying goes: forewarned is forearmed. Therefore, our weapon at the moment is your like and comment :) Great weekend to everyone)
BITSTAMP:BTCUSD
by P_S_trade
5
BTC-2h. Buyers are holding the blows and targeting $25,000.The weekly BTC consolidation continues to deplete market participants. Since December 17, sellers have tried four times to break the $22,500-22700 range. During the last attack of sellers, the price could only touch this range. As a result, buyers have formed a new local trend line . The price of BTC continues to remain between critical points. Buyers are now gaining the courage to test the $23850-24000 test. Given the price movement in the sloping consolidation channel - the next local target of buyers is $25,000. The dominance of the BTC continues to grow steadily, sacrificing other coins. To start falling prices in the BTC market, sellers must show aggression and not allow buyers to consolidate above $24,000. After breaking the $22,500 mark , the correction of BTC's long-term growth will begin. What will happen in this case with other coins - it's scary to think. Suffice it to mention how XRP fell.
by P_S_trade
2