BTC - The first 5 waves are formedIn the 240-minute chart, the first 5 waves are formed in 5th Wave, which has ended in the range of $ 19411. After a short retracement movement, the price can enter an uptrend and cross its highest historical level.
As previously described, the 4th Wave is finished around $ 17,572 with Double Zigzag pattern.
Btcprediction
BTC - $ 21,500 moving targetsIn my opinion, in a not too distant future, Bitcoin will reach the price range of $ 167,000 to $ 225,000, and this guestimate is not out of reach when the valued banks are also talking about the $ 300,000 movement range. Due to this, new customers will be attracted to the market, which eventually increases the liquidity and demand for purchases, due to limited bitcoin, the price will increase.
The third price wave, which continued into the $ 19666 range, was like the gold diggers in old days, the only people who profited from the era, were those who sold the shovels, pickaxes, and drilling rigs to extract gold (a metaphor for people who were and are selling mining equipment.)
But now the reward of beliefs comes through patience.
Now is the time for people who believe in cryptocurrencies to get their rewards. I remember two or three years ago a subject was opened in a forum (when Bitcoin was $ 6,000) and someone claimed to be back from the future and the economy will be collapsed. He was telling bitcoin won’t have any value! people who have only 0.01 of this currency flee to places where life is too quiet. Many people made fun of this person, but now when I’m looking at this market, I give him some rights. For example, there are big contracts that Ripple has signed, and Ripple Net intends to be used in BOA - Bank of America and it has been finalized!
All this indicates that it is possible that we can no longer call the Blockchain an infant, and from now on we must consider a child who shows new capabilities.
Maybe this are future forecasts and one day will come true:
I think we are coming to a time when all the borders of countries are disappearing and the holders of the famous digital currencies are creating new countries. Like different communities, they use ASICs to protect their castles. It's a scary story and I hope we never see it. But give only one percent chance to this scenario to turn the reality. Where do you want to be stand?
It might not be a bad idea to take a risk to enter an unknown market of cryptos.
Chart Description:
In weekly chart, our target range is $ 167,000 to $ 225,000.
In the daily chart, we are completing the 3rd wave that this uptrend can continue to the target of $ 21,500 and then in continuation, we will enter the corrective phase, which is likely to be a very short corrective movement. The range of $ 13,880 is very important and the price should not exceed this range in this corrective movement.
According to the Elliott wave rules, wave 3 should be the longest wave, but we should also consider this fact which in many stock markets, metals, and digital currencies, wave 5 has always been the longest wave, so we can hope 5th wave becomes the Extended wave, in which we will reach the goal of $ 167,000.
BTC 2h. $11,160 is getting real.Good morning!
Consolidation and critical point in the market motivates to work more by looking for clues in history! Today we woke up and saw an interesting pattern and deja vu attacked us...
In our previous idea , we wrote about the importance of the mark $13,100. Buyers failed to fix above this mark . In addition, sellers have shown that they are ready to fight and will not allow the same uncorrected price growth as it was a few days ago.
The last time such a formation was noticed on the BTC chart at the beginning of May 2018 , from there the fractal was copied and imposed on the current situation.
When the BTC value breaks through and fixes below $12,750 , then the falling prices process will finally activate, for a start to the level $11,160-11,200.
If this fractal works out completely, then we will have a hint of the probable Bitcoin price movement for the next 2-3 weeks.
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200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC What will next year bring for Bitcoin price ? Does the 200 Week Moving Average actually act as a support for Bitcoin ? A recent article that literally came out today says will BTC will never drop below its' 200 Week MA which sits near 6700 as you can see on the chart ( it's the blue line with the blue arrow pointing at it .) So they are saying Bitcoin will never drop below 6700 ever again ? I disagree . As you can see we clearly dropped below the 200 Week MA in March - and actually wicked quite a bit below it . If we follow that March wick down we see our lower trendline in purple with a purple arrow pointing at it . I think Bitcoin will wick down here again , probably next year , and that would take us down to 5xxx or 4xxx ,possibly lower . But definitely that is below 6700 ! I suspect the author of the article is not really a trader . Did they even look at the chart ? Anyway I respectfully disagree with their statement that Btc is not going below 6700 again . I think it is , but will be in 2021 .
Pitchfork Based BTCUSD ProjectionThe most recent BTCUSD pivots on the 2H chart show a potential move to the upside where BTC is expected to meet the Median Line of this pivot set. If, however, BTC price fails in that highlighted key area, it might set up a new pivot set with a down-sloping Median Line that will serve as a potential target area for the next round of selling. The concept is here is to track pivots sets and adjust the entries accordingly. The important and, somewhat, misleading point in this is to know when there's a pivot. The highlighted area will provide a hint at that. In case of questions, drop a line in the comments section below.
Weakening Trend Here Comes The Gap Fill!!!I'm really starting to understand the ebb and flow of markets and how they affect each other. It took about 3 and a half years of adding analysis from DXY, SPX, Gold, Silver, Treasury Bonds, the list goes on... I see this Gap getting filled at around 9700-9800 and I'm still not sold on this bull market yet. I know the moonboys are gonna say but we broke a trendline so that MUST mean we're going to the moon... Not so fast there is a lot more to understanding markets than just the charts. You have to put into context everything going on in every market everywhere IMO...
A November to RememberThis is one of those charts that do not make people happy, because its not based on delusion. I keep looking through charts and saw people predicting $45,000 - 200,000 bitcoin. I ask, what are those charts based off? I have called them "just because" charts.. as the authors usually say "because BTC has continuously rallied in price". But you never hear of good, solid fundamentals on why Bitcoin will rally over 1000%. There is no ground breaking breakthroughs in Bitcoin tech. There is no new mass adoption or utilization.
Let's face the facts:
Bitcoin utilizes an exorbitant amount of energy.
Bitcoin has consistently followed the stock market moves (which is overdue for another March style selloff)
Crypto-Currency Market is in a massive bubble, with over 7,000 coins all competing with each other. They all claim to do what they do, faster, cheaper, and better than the next.
I predict that between August and November you will see the following:
Rise in unemployment.
Rise in defaults, bankruptcies, foreclosures.
Rise in civil unrest and crime.
The largest sell off of equities ever seen.
Facts:
The EuroZone entered the Covid Pandemic already in recession. The Bloc economically is far worse than the United States, and the Euro Zone will be the first to fall.
The United States economy is by far much worse than 2008, even matching or eclipsing Great Depression levels in certain sectors and statistics.
All countries have pressed Maximum Print on their fiat printers, and will cause inflation world wide. We may see a short period of deflation, followed by hyper-inflation. Keep in mind, it took Zimbabwe to go from $1 denomination to $100,000,000,000,000 notes in just one year.
Proposed changes to society and laws will have a negative impact on society, causing further division and unrest.
We have studied not only economics but also demographics. And all I can say at this point is, it's been fun, those who made money with Bitcoin and stocks, congrats. November will be a time like we who are alive have never experienced before. Demographics and current events point to a calamity soon to take place not only in the United States but around the world. We will be a part of a global depression, in which we will see major fiat currencies like the US Dollar, Euro, Yen, and Yuan fail. The elite at the World Economic Forum have called for a global reset on money. I believe we will see a new world monetary standard established out of the crisis, as fiat will be a thing of the passed. China has already digitized their Yuan. We will see digital money, but, it will NOT be crypto-currency. We believe that crypto has been the worlds largest test of digital money. The creator coincidentally happens to be unknown, but, based on how crypto required extensive identification requirements and taxation, we can safely say this was a united government creation.
Just keep an eye out, remember this chart and prediction. This isn't a doom and gloom chart, or prediction.. this was taking a step back, monitoring current and passed events, adding demographics into the mix, as well as seeing what world leaders are calling for and making this prediction. Take it with a grain of salt, out right refuse it, it doesn't matter. Watch and see!
BTCUSD to continue downtrend after rebound | RSI trends down!Market in last 24hrs
-BTCUSD saw strong downtrend
-Price volatility was high. Market moved ~2.5%, between $9k and $9.23k
Today’s Trend analysis
-Downtrend to continue after rebound, RSI moving down is a bearish sign
-Price at time of publishing: $9,080
-BTC’s market cap: $167 Billion
-Oscillator indicators are mostly neutral. RSI at 33
-Moving average indicators are biased towards downtrend. Ichimoku Cloud is neutral
-Volume indicators are indicating continuation in downtrend as red candle see high volumes
Price expected to continue downtrend after a rebound as RSI trends down and bollinger band width expands indicating increased volatility. Most of the Oscillator indicators are neutral. MACD crossed below 0, increasing histogram is a bearish sign. RSI trends down and is around 33, which is a bearish sign. CCI is very negative -220 , in oversold region indicates a rebound. Another interesting point to notice here is that previous candle closed below bollinger band, indicating downtrend might continue.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
Little pump and BIG DUMP = MINERS CAPITULATION COMING...........My Trade is ACTIVE with $56,000 balance -- The money I made last time Longing Bitcoin from $6K to $9.5K
This trade should make me $200K if we hit as we speak. Let's see. Tight stops in place too.
You can check my MAIN IDEA here
BITSTAMP:BTCUSD
BITCOIN'S RANGEPlaying the range is my forté, but I say after we took out those highs and squeezed the life out the bears, the next step is a mark down in price. Orderflow is actionably bearish with heavy sell side liquidity around yearly levels around 7.2 (Pink line). However, a push and a flip of the yearly open and I believe we see 8k pretty fast. But for now, Im targeting 6.2k in the next few days.
Bitcoin| BTC About To BreakOut From Triangle Whats Next? 7600$?BTC Update!!!
BTC Making A Pennant Here On 4H Chart..Price Holding Now End Of The Triangle.We Can See A BreakOut Or Breakdown Soon..We Have 2 Option For Now.
BreakOut: If BTC Manage To Breakout From This Pennant Then Next Target Around 7600$ Which Was Last Time Support Level And MA200 Resistance Zone..📈
BreakDown: If BTC BreakDown( 6200$ ) From This Pennant Then We Can See Another Flash Crash Till MA50 (5500-5700$).📉
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Bitcoin has been rejected by 200 DMA for now. But do not panic!As expected 200 DMA plays it role perfect. It's unusual for price of any asset to break heavy resistances at first attempt.
Classical charting says we can see retest of the breakout level what is 100% normal.
But this is definitely not good short opportunity until we are above 7400! This is more buy the dip environment for me right now!
Levels to watch now: 8100, 7400
Take care!
-DP-
Bitcoin has a date with 200 DMAHi guys! Based on my previous analysis Bitcoin has reached critical resistance point.
Bulls have still power but we need to wait what is gonna to happen now. Breaking 200 DMA will move price of BTC to 9500 hard resistance (mirror level) - I would say to the line between bull and bear market. As I mentioned
before If it stays above 9500, we will never go back below previous years lows. If Bitcoin failed to break 200 DMA, bear market could continue..
Take care!
-DP-
BTC ROADMAPBTC is currently trying to break out of a bullish bat for the second time.
At the moment under the Ichi cloud making an attempt to enter the Ichi cloud resistance.
The miner zone is the ultimate support holding BTC from the depression cycle to repeat again. However, the miners are manipulating the market so they don't have to fight the bears in their backyard.
A nice bullish divergence confirming the reversal. Now BTC has to go through the Ichi cloud successfully to find itself at 9/10K zone and bring ETH at 145/150, LTC at 75.
Cheers
CHRISTMAS SUPRISE BITCOIN! $9.000CHRISTMAS SUPRISE BITCOIN! $9.000
As we speak bitcoin is at 7.150. If we hold 7.1 at least 7.050 i think we can see a nice Christmas rally! This could end higher then 9k.
Why i think bitcoin is going to pump massively in the coming weeks/months?:
Bitcoin halvening is in less then 150 days, this means we are going to get a rally before. And then i think begin MAY it is Buy the Rumor, Sell the News.
Maybe there is a potential hit to 14k-16k. But for now im only watching to break 7.8 for a HH. If not we are going down again.
I hope you will leave your idea! And dont forget to long BTC!
BTC USDT, Probably Bearish PennantIt seems that enthusiasm due to the recent decline in historical media is rapidly coming to a halt. The most attentive has not responded to the purchase around 7k USD. I believe that this triangle can predict the new Bearish towards lower supports confirming last week's bearish trend.
A difficult time to venture forecasts, but we'll see.
For me, it's a 70% Bearish.
BTC TO 6K ! Traders,
Here we have BTCUSDT 1D chart.
Many traders are asking themselves now what is going on ? or what are the main factors that we have for BTC to take the right decision about bullish or bearish ?
Honestly we are in a critical level right now, but the higher probability to be bearish in the next few days for many reasons:
1- all EMA lines are gonna cross bearish in the next few days.
2- fake breakout from the bearish trend line
3- Bounce was for 0.618 Fib and must be tested again at 7k and to be broken.
4- am not a fundamental guy, but never forget halving in May 2020 cycle that explains a lot that we never have ATH before halving
5- The most important thing that we will have side ways from 6:6.5K till that halving then we will talk about a serious rally from there
6- Keep an eye on the purple circle.
Like if you appreciate this.
Regards,
Mohsen
BTCUSDT, 2 WEEKS PREVISION, SHORT -13% The price chart shows for days a very marked bearish trend channel, constantly lower than the EMA200 level. The most significant in the presence of volumes to confirm or not the reversal of the general trend It is very likely that the value of BTC further falls to lower levels already achieved before, before seriously starting to rise again. However, the nearest supports and in the case of confirmation are 7720 USDT and 7312 USDT_
Timing: 2 weeks
Short Mid Range or immediate sale to:
- 8100/8200 USDT
Then:
- 1. Purchase or Takeprofit (In case of short position via futures): 7719 USDT
- 2. Purchase or Takeprofit (In case of short position via futures): 7312 USDT
#surfthetrend