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BTC - MIND THE GAP! Hey everyone. Hope everyone is doing well. THERE REALLY JUST ISN'T ENOUGH HOURS IN THE DAY ANYMORE! I've been busy in one way or another lately and am just now getting an opportunity to get to some other hobbies of mine. SO THE MARKET TOOK A DUMP on some "NEWS" as usual however BTC is still holding above some key levels! In the chart here you can see the BLUE SUPPORT AREA. I personally DO NOT think BTC will break below this area however I would flip very BEARISH if BTC closes a 4HR candle below this support area. I consider this area BTC's LAST LINE OF DEFENSE! A $100,000 BTC by years end IS NOT looking likely anymore although AN EXTENDED BULL MARKET CYCLE is still playing out! Too many people were focused on what BTC's price would be "BY THE END OF THE YEAR" when it should've been "BY THE END OF THE BULL MARKET" The RED RESISTANCE area represents the 0.5 to 0.618 FIB RETRACEMENT area. THIS AREA IS VERY IMPORTANT and a couple things could happen here. It's important to watch for a swift rejection and a BULL TRAP here in this area. (not likely IMO) If BTC can break above this resistance area then BTC will be in a great position to continue upwards towards those 80K-100K targets! I STILL BELIEVE THE BIGGEST BLAST has yet to come for this market cycle and I believe It'll happen when BTC breaks above 70K! If you zoom out to the weekly chart you can see BTC making an ascending triangle and if BTC breaks above 70K, it will break out of that triangle... THIS CHART IS CALLED "MIND THE GAP" because BTC has yet again created a CME gap which is shown on the chart in the ORANGE area (54,450 - 56,280). This isn't necessarily a bad thing, It's just data. STATISTICALLY, around 80% of CME gaps end up closing. To close this CME gap, BTC would need to drop to around $54,450. MAYBE IT WILL or MAYBE IT WON'T. It's just something to keep in mind as the week progresses! I drew a bullish scenario on the chart where BTC closes the CME gap while making a double bottom before ultimately heading higher and breaking above the major resistance! I do think we're at a local bottom as there is some strong looking bullish divergence on the RSI! This may be enough to get us up to the major resistance area in RED. BTC could reject off this area and head back down to test the SUPPORT again (which would also fill the CME gap) and BTC could be stuck in this range HOWEVER I DON'T THINK we will be in this "UNDECIDED" range very long! BTC will soon make a decision and it will be determined by whether the SUPPORT or RESISTANCE gets broken! My personal belief is that BTC will break above the resistance area. I knew there was a good possibility of a drop into the 50K area and that such a drop WOULD STILL BE BULLISH on a macro scale. BTC and the market as a whole was pumping too hard and needed to cool off. I'll leave a link to that chart below (I THINK THE LINK ONLY SHOWS FOR PC USERS?... NEED CONFIRMATION) The chart is titled "BTC - JUST HOW BULLISH ARE WE?" Well that's it for this chart. I'm hoping to have some more coming soon. I have been quite busy lately but hopefully can find more time as I would like to make more charts because I enjoy it. If you like this idea please LIKE, FOLLOW, SHARE, and feel free to COMMENT... *** This IS NOT financial advice. This is just an IDEA based off of my experience. Always do your own research before investing or trading cryptocurrencies***
CME:BTC1!
by Mboersma0324
2
BTC - JUST HOW BULLISH ARE WE?Hey everyone. I have a BTC and general market analysis for you. This idea shows just how low we could go AND STILL be considered BULLISH! ITS IMPORTANT to know this especially in a market where market manipulation exists . IT"S VERY EASY to get ahead of ourselves when the market has been bullish for a while and not even consider downside targets on higher timeframe charts. This can catch many people off guard. On this chart you can see that BTC is forming a potential ASCENDING TRIANGLE on the DAILY but this can take time to play out completely and there's still a lot of room for movement. IT IS EVEN POSSIBLE to head back down to the 50K area as the RED LINE shows and it would still look NORMAL. The CRITICAL AREA for this to happen is the 50EMA. Notice the 200D EMA is down there near the bottom of the ascending triangle and that's our last line of DEFENSE! The YELLOW LINE shows WHAT I CONSIDER A MORE BULLISH scenario than possibly even the GREEN LINE. It takes time trading sideways potentially even forming a giant bull flag on the chart with 94K target level. These ideas playing out would be something different than MOST PEOPLE ARE TALKING ABOUT right now and IF they happen I believe more people will start recognizing what I've mentioned in a few previous charts about EXTENDED MARKET CYCLES. Most people ask me "What will BTC be by the end of the year"? Well look at the red and yellow lines and you can see IT IS DEFINITELY POSSIBLE to be right where we currently are at the end of the year and STILL BE CONSIDERED BULLISH. The market could very well play out into next year... The truth is there is a WIDE RANGE of possible outcomes. THIS CHART IS NOT INTENDED to predict a certain way but to show a few different ways BTC can go from here and still be considered BULLISH ON A MACRO LEVEL. The FEAR/GREED INDEX right now is 77-EXTREME GREED suggesting the market needs to cool down. Hope you guys like the analysis. It's about being prepared for potential changes in the market trend and not getting ahead of yourself. If you like this idea please LIKE, FOLLOW, and SHARE. It's appreciated. Been busy working lately but I have some time available the next few days so I plan to have more charts and analysis coming soon. Take Care. * This is NOT financial advice. This is just an idea based off my experience. Please do your own research before investing or trading.*
COINBASE:BTCUSD
by Mboersma0324
6
BTC - POTENTIAL H&S AND DROP TO &58,500Hey guys. This is a BTC update, however it could have an impact on the rest of the market too so keep that in mind. Today is Friday and the LAST 4HR CANDLE before the weekend starts is happening now. There is a H&S pattern on the charts which could bring BTC back down to test the $58,500 area again. It's not the most perfect H&S pattern however I've seen many others that looked worse play out. It's something to keep an eye on. If the H&S does play out, I drew three potential paths from the 58k area that I PERSONALLY THINK are likely scenarios. As time goes on, and people keep expecting BTC to blast to 100K by the end of the year, I THINK we will see more and more evidence of something I've mentioned in other BTC charts happening and IF YOU CATCH ON TO THIS IDEA EARLIER rather than later, it could help you out a lot... What I'm talking about is LENGTHENING MARKET CYCLES and POSSIBLY DIMINISHING RETURNS as well. As time goes on, It takes more and more market cap to increase the price of BTC, therefore, over time it should happen slower and slower. THIS IS NOT A BAD THING in the eyes of INSTITUTIONAL INVESTORS. IN FACT, it likely will be seen as A GOOD THING because it will STABILIZE BTC a lot more that what we've seen in the past which VALIDATES the idea that BTC is a "store of value" like gold. There's a possibility that BTC drops a little over the weekend from this H&S pattern. IF THAT HAPPENS, I WOULD PERSONALLY SEE THAT AS A GOOD THING as it would create a CME gap that would likely be filled Monday or Tuesday. This could potentially be the start of the big blast everyone is waiting for. We'll see though. Hope you guys liked this IDEA. I've been a little busy lately but hopefully will be able to make more charts here soon. *** This is NOT financial advice. This is just an IDEA based off my experience. I always recommend researching and UNDERSTANDING cryptocurrency before you even consider investing/trading.***
COINBASE:BTCUSD
by Mboersma0324
1
BTC - IMPORTANT UPDATE! BE CAREFUL!Hello everyone. I hope everyone is doing well. I'M SO GLAD to be able to share these ideas with you guys because I LOVE HELPING PEOPLE! I HAVE SEEN THIS SITUATION numerous times and yes, I HAVE been a victim of it as well with leveraged positions BUT NOW it's time to turn the tables and be prepared instead. Nobody knows what's going to happen exactly in the markets and the most we can to is analyze data from history and use it to get an edge and be prepared for future price action. With that said, I'd like to tell you that I expect the volatility to pick up here a bit. Not just for BTC, most of the market will be following a similar pattern here! This potential drop shown on the chart here has happened many times before. You can look back and see it happens a lot before bull runs or major upside movements. It's usually followed by either a strong bounce or accumulation at the bottom before pumping! Yo can see BTC is under the 20EMA (4hr) and also the MACD signal line has crossed below "0". There's also a potential H&S forming on the charts (although it is ugly) which is what I used to come up with the extreme low bounce area of 54k-55.5K however I PERSONALLY think there's only like a 20% chance it goes this low (DEPENDING ON WHAT EXCHANGE YOU'RE ON... BINANCE.US, KRAKEN, and a couple others BE EXTRA CAREFUL! JUST LOOK ON BINANCE.US EXCHANGE BTCUSD CHART AND YOU'LL UNDERSTAND WHAT I MEAN!!!) I THINK IT'S MORE PROBABLE THAT WE BOUNCE FROM THE 58K AREA but nobody knows for certain! IF YOU'RE A TRADER WITH A LONG POSITION RIGHT NOW, I WOULD BE VERY VERY CAREFUL and make sure you have all appropriate stop-loss orders in place to avoid liquidation! on the other hand, SHORTING THE MARKET HERE , although could be profitable, IS RISKY BECAUSE THIS COULD BE A VERY QUICK WICK type situation. PERSONALLY, WHAT I WOULD CONSIDER DOING (this is just me) is possibly placing a couple LONG positions at or around the 55K area with kind of a tight stop loss. It may or may not fill but that's ok we just want as little RISK AS POSSIBLE HERE! It's also possible we don't go that low and instead bounce around the 58K area. HONESTLY the preferred way to enter a long position in this situation would be to watch the charts very closely and frequently so you can MINIMIZE YOUR RISK! THIS IS ALL ABOUT MINIMIZING RISK, HOWEVER this type of situation CAN BE very profitable BUT IT'S VERY HARD, EVEN FOR EXPERIENCED TRADERS LIKE MYSELF to catch the bottom of a wick like this (ALTHOUGH I IMAGINE WE ALL DREAM OF DOING IT!) IF you're nor using leverage, you don't have to worry about liquidation but just be aware of what is likely coming IMO. THEY WANT YOU TO PANIC SELL YOUR BAGS TO THEM! They also want to trigger a "chain-reaction" of stop-loss orders which can create a VERY BIG WICK! ONCE AGAIN, BE CAREFUL! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ WITH ALL OF THAT SAID, ON A MACRO SCALE, I AM STILL VERY BULLISH ON BTC AND ALTCOINS. I DO BELIEVE THERE IS MUCH MORE UPSIDE TO COME SOON ENOUGH so if you're HODLING I wouldn't worry. The market sentiment is very bullish right now. ETHERIUM did a similar situation earlier this year where it broke its ATH before pulling back and then MASSIVE PUMP happened afterward. Just have patience and like I said If you're holding BTC or ALTS without leverage I DON'T THINK this is the time to sell and I THINK SELLING WOULD BE A MISTAKE MORE THAN LIKELY (although everyones situation is different depending on where they got in) *** I AM NOT A FINANCIAL ADVISOR! THIS IS JUSAT AN IDEA BASED OFF OF MY EXPERIENCE ANALYZING CHARTS AND TRADING CRYPTOCURRENCIES! ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING IN, OR TRADING ANYTHING!***
BITSTAMP:BTCUSD
by Mboersma0324
5
BTC - GONE TILL' NOVEMBER?Just an update showing both UPSIDE and DOWNSIDE potential for you guys! Overall IM STILL BULLISH on BTC but from a traders perspective I'd CAUTION that we could pullback here and consolidate for a bit up until around NOVEMBER! The RSI on the DAILY is OVERBOUGHT. It would give the media an opportunity to REALLY hype up BTC and It would also give ALTS the opportunity to catch up. BTC.D Chart is approaching a resistance area (although still a little room for upside) The other scenario is BTC BLASTS up to 75K area before a nice pullback and retest of the 65K level. The question is HOW MUCH JUICE IS LEFT IN THE TANK? BTC is up 57% in the last 20 days. Since OCTOBER. Lets just be cautiously optimistic here! Honestly BOTH scenarios are just as likely to me here. Futures contracts expire on the 29th of this month and we all know the market "MAGICALLY" pulls back before then but the question is WILL WE BLAST and THEN pull back? OR Will we pull back just a little now and consolidate a bit before the BLAST? I WOULD NOTE THAT IF BTC DOES CONSOLIDATE NOW, It would probably give Alts the opportunity to catch up a bit and even out the playing field before November! What do you guys think?
BITSTAMP:BTCUSD
by Mboersma0324
BTC LOOKING BULLISH! IS THE "SHAKE-OUT" OVER? 2 LEVELS TO WATCH!All right guys BTC broke out of the downward channel it was stuck in and EARLY INDICATORS are showing that the "shake out" may be over! (The "shake out" is what the market manipulators/composite man do to try and get people to panic sell their crypto! I talk about it A LOT on the charts I publish and on my Twitter because I do think it is a very big factor to consider before analysis in this market) This is an IDEA where BTC could potentially be forming an Inverse Head & Shoulders pattern which would give us targets in the 58K-60K area This IDEA I would say is no longer valid IF BTC BREAKS DOWN BELOW 46K . This is an IMPORTANT LEVEL to watch. Also, the 52K area has been acting as a major resistance area lately and we need to watch this level closely and also make sure its not a bull trap if it breaks above like last time. (see chart) Maybe this turns into a cup and handle pattern and we break the resistance earlier! Either way is just fine with me. I think a good "long" entry would be around the 47K area as I think a SMALL PULLBACK is likely here and I would consider it a good thing as long as it is above 46K Hope you guys like the idea. ITS THE WEEKEND NOW , and OCTOBER has started. This is a good time to look for some ALT COINS THAT ARE IN A GOOD POSITION TO BLAST OFF assuming BTC continues upward this coming week! I will be looking myself, and I'll be sure to share for my followers! Thanks guys!
BITSTAMP:BTCUSDLong
by Mboersma0324
1
BTC - SMALL PULLBACK BEFORE BULLISH BLAST TO 56KHey guys. I've spotted some nice indicators on the BTC charts and they do appear to be lined up well so I feel more confident in more upside continuation. MACD suggests a small pullback , HOWEVER , RSI is showing some bullish divergence... THEY CAN BOTH HAPPEN and I think they will. So as you can see on the chart, this has a good chance of creating a nice inverse head & shoulders pattern with 15%= gains if you go long from the neckline confirmation area. The SAFEST WAY to play this is to wait for the Inverse H&S pattern to complete and then see an upside breakout from the neckline! A more aggressive entry would be to go long after the pullback and bounce from the 46k area. This will definitely bring alt-coins up as well so it would be a good idea to see which ones are in the best position to pump when/if BTC is about to breakout! The downside targets if 45K-46K support fails or we get rejected at the neckline while attempting to complete the right shoulder! What do you guys think? I think this is a good opportunity! If you like the idea PLEASE SHARE and follow me. I also provide other content on my Twitter although lately I've been a little busy at home. I GREATLY APPRECIATE all shares and followers as well as comments. Thank you! *** Disclaimer; This is an IDEA based off of my experience and is not to be considered professional advice as I am not a professional investment advisor. I ALWAYS recommend doing your own research before investing in anything ***
BITSTAMP:BTCUSDLong
by Mboersma0324
3
Wait to Buy it Cheaper! BTC price to hit 20k soon?My first Big Notice since April 1st is that BTC is Trapped and this could last for the rest of 2021 to first half of 2022. Not a good news right? The current pattern forming on the weekly chart is a Triangle ( a triangle is a consolidation or sideways movement that last for over 3 months to years. while other patterns that look just like the triangle exist(Pennant) They tend to complete the formation and breakout or breakdown within the period of 3months. In the case of BTC, The current pattern has lasted for 6months now, making this a triangle. for long term investing , Let's take a closer view at the Monthly chart to see the most likely next strong support that could Lead to these bulls picking back up and leading to a new ATH The above chart explains with highlighted comments what is likely forming for the rest of 2021 and 1st half of 2022 on the monthly For the Midterm, Let's Look at the weekly chart. I do see there is a support at around 42k to 38 k range aside the 44k support. We have this area stacked but is getting weak with each hit by the bears and I do expect a breakdown of this support anytime sooner than later. breaking this support will only push these bulls down to the the 32k support to the 28k support. BUT WHAT THEN HAPPENS IF THE 28K SUPPORT SHOULD FAIL THE BULLS? to answer this question let's look at the daily chart. This shows that changes of a little bounce to retest the break down support which is likely going to act as a new resistance for the bulls For short term(this is not for scalping but for a 4hrs trader. As a result of the current Triangle pattern, we will need a good patience to be able to buy cheaper BTC and to be able to see another big pump that is capable of taking btc to a new All Time High, we will not likely to be seeing that in 2021. Trading is 10% buying and 10% selling but 80% waiting, A patience trader will be able to confidently but btc below 20k to target a sell around 80k to 100k next probably in lat 2022 to 2023. Thank you for the support and Happy trading.
by MachiavelliTrader
8
What bitcoin will do?Currently trading - 46 600USD After 18% dump could come some retracement. Support - 46 000 - 42 500USD Resistance - 49 000 - 52 700USD Why bitcoin dump? Bcs in market was very low volume and below 47k were many SL and liquidation. What to do in this days? 1) follow the 1D chart and the nearest support = 46000 USD 2) BTC is in bullish trend as long as we are above KEY SUPPORT 41-42000 USD 3) Aggressive dumps - most will predicted an arrow at 16k, but it makes no sense because in this dump the whales did not have time to accumulate shorts. If we are on TOP, the distribution = sideways range will have to start 4) Most likely scenario is triangle in the next 1-2 weeks between 44-50k USD 5) Thanks to today's dump we have a beautifully limited level and conditions for another long = above the trend resistance and the limit of 53k USD we can long anywhere, because we will go to ATH). Until then, it is not necessary to take BTC for a long time. 6) Keep a cool head and analytical approach - monitor higher TF and wait for the situation to calm down. We now have ACTION and we need to see REACTION
Long
by UltimateCryptoTrader
2
If The Next Pi-Cycle-Top Triggers ... SELL!According to "2-Year Moving Average Multiplier" it is not unlikely to get a 2nd "Pi Cycle Top" this year (maybe), like in 2013. With reference to BITCOIN The Golden 51%-49% Ratio! 600 days of Bull Market left! top will be end of September 2021. I think it will be end of 2021, The CBBI-Confidence Index was 100 at the top in November 2013 and at the top in December 2017 but was only 76 at the top in April 2021. You can check this amazing multi-indicators index at cbbi.info . In the next 4 weeks we should see if we will switch to bear-market for one year or stay in a bull-market for the next 1 to 4 month. Both are serious options to consider. If you are bullish. He is Legend: If you are bearish. He is the one for you He protected my investments in May 2021 at a time everone was moon with this idea:
BITSTAMP:BTCUSDLong
by xdeltax
3
Bitcoin to reach $60,000 but could drop to $27,600NOT FINANCIAL ADVICE JUST MY ANALYSIS OF THE CHART PATTERNS. 3 white solders on the weekly are giving a target of $60,000 on the upside. Inside day on the weekly points to lower target of $27,601 so be cautious. There are many other chart patterns and candlesticks all giving targets around these prices with a high level of certainty. The good news is that if the upper target is reached that should stop out the lower target pattern and we can continue upwards. The critical price point to break is US $48,911. If the price goes above that you can expect it to continue upwards. I would recommend considering a trading range between these two values.
by James_Winsoar
1
$BTC PRICE PREDICTION/ TREND REVERSALThis price prediction shows a dinamic curve resistence we have been carrying since almost the 60k level to the 34k level that had a breakout and then formed a descending triangle. As we can see the descending triangle ended up breaking above the 35k level forming a price projection of an exponential grow of the $BTC price. It is also important that this price projection was formed after breaking the 50MA that we hadn´t broke since mid-may and that caused this massive dip on the price.
by nazh17