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This IDEA I would say is no longer valid IF BTC BREAKS DOWN BELOW 46K .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!
Btcprediction
BTC Weekly Movement (12-19 October)Hellooo...my Dragon Friends
my last week transaction already have profit.
This week i see BTC have Bearish Divergence at RSI and stocastic.
becarefull for deep correction down.
Lets See
Happy Trading
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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 ***
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.
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
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:
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.
$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.
TODAY, CONFIRMS A STRONG BTC BULLISH TRENDBTC price on 1W timeframe closed above $33380 and above the 50MA. In my previous idea, I clearly stated that it would close above the 50MA and above $32000. Please open the related link;
Our next short-term target is $44000.
In the month of August, we will see such a bullish market like never before.
NB: When all Crypto analysts and Youtubers were bearish and fearful on BTC, I was the very first to announce a reversal in BTC price and trend.
At times, the market would just go as I would predict it.
I now raise my BTC 2021 target to $200k at least by December.
Enjoy!!!
BTC - 6h. It is important for buyers to close the week above 35kThe previous week of trading on the BTC market passed without any significant shifts in a positive or negative direction. The targets of our previous idea are relevant:
After the previous weekly candle closed with a big hairpin down, the market expected a decent response from buyers and an attempt to test the upper border of consolidation ($40600-41500) . Of course, buyers started a local growth trend, but it is difficult to call it an initiative attack.
The last attempt of buyers on June 29 to take control of the average consolidation line of $35600-35700 was unsuccessful . Buyers were able to break through this range for some time, but did not consolidate above it. Trading volumes after breaking through this range were average. However, after this attack, a new attempt by buyers to seize the range of $35600-36700 looks even weaker. The price of BTCUSDT is approaching the buyers' trend line for the fourth time. If the situation on the BTC market does not change, then sellers will be able to test the range of $31500-31700. It is the retention of this range that is the main condition for the breakout of the 3-month consolidation in the BTCUSD market upwards and the test of $50,000.
The dominance chart tells us about another local fall wave in the BTC market:
As we can see on the chart, the indicator is moving in a triangle and the downward trend is not over yet.
A slow and steady decline in the price and impact of BTC can have a positive effect on the altcoin market. While the price of BTC has not been feeling very well in recent days, the COMP market has doubled:
For a positive scenario in the cryptocurrency market, buyers need to close the current weekly candle in the range of $34,500-35,300 . This range is interesting in that for 7 times the weekly candles break through this range, but close above it:
Such a powerful series of false breakouts indicate another medium-term growth wave. The main task of buyers is not to spoil this series.
Therefore, we think that this week may be the last week of testing buyers for strength.
Alternative scenario. In case of a breakdown of the range of $35600-35700 upwards, the chance for one wave of falling down will be much less. At the moment, it is too risky to enter any position and we will expect either a test of $ 31500-31700, or the price fixing above $35600-35700.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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BITCOIN (BTCUSDT) IN A CONTINUATION of Bearish To $15,000 2/7/21In the anticipation, perspiration and determination of traders which find the greed on $30,000 price level.
It is just the starting of the robust bearish road to $15,000.
It is for the worst case scenario.
What comes up must comes down.
From my experience of trading, we called this a 'revesal momentum'
As fast as the eyes can see for previous momentum buliish, as fast as the eyes can see on the current robust bearish.
This is no in the category of technical trading as technical cant see the future of the price.
As this reversal momentum comes into the sentiment in the aspect of sentimental trading.
This is the first chapter when you deal with crytocurrency.
While other trading sometimes put on the fundamental in the first place and the technical is last of any wha
Technical trading cant create or move the market. Is it a passive analysis.
What move the market in crypto is sentiment.
***
While the sentiment trading is a new terms and new course in studying the crypto, it has help the trader to be on the third eyes skill in the market.
Where future of the price can be seen, can be predict and can be a prophecy.
In sentiment trading, it dont involve of fundamental or technical aspect into the analysis.
It can be calculate using a new approach of a new learning education.
It is beyond technical analysis.
***
$15,000 price is the level the the price of bitcoin to be in the trend of the 0.5 times by the previous sentimental approach.
Hovering towards the $30,000 on my success prediction on 24th February 2021, has put people to look forward on the subject to learn
the thesis and learning of the new education in trading which it does not involve any methodology as all aspect in the trading to learning
the human behaviour of phycology can now be calculation by the complex mathematical approaches.
***
End of article.
Zezu Zaza
2048
Bitcoin (BTC) - 6h The critical point was held. What's next?The tense situation in the BTC market is beginning to gradually change, giving buyers a chance for a new wave of growth. The unsuccessful attempt of sellers on June 22 to continue the fall in the price of BTCUSDT ended only with the renewal of the previous minimum. Having formed a false breakout on the daily timeframe, the buyers did not stop and closed the weekly candlestick with the hairpin down.
Looking at the trading volumes of the previous week, we can conclude that the range of $28800-30500 is very important for buyers. The unsuccessful attempt of sellers to break through this range showed the interest of big money for at least one more medium-term growth wave . Considering this fact, our main scenario for the formation of a local growth wave to the range of $48000-50000 remains the main one.
If we pay attention to a slightly smaller timeframe ( three-day) , we see that the wave of the fall, which the sellers began on May 10, has not yet been stopped:
The BTCUSD price has moved to the consolidation channel, where it is trading at high volumes. If we compare the consolidation from March to May 2021 with the current one, it is clear that a new wave of decline began due to the disinterest of buyers to buy at historical highs. However, in the current consolidation, we see that buyers are still interested and are successfully gaining positions (trading volumes are 1.5 times higher now than in consolidation on highs)
If we analyze the chart of the dominance of USDT in the cryptocurrency market, then from May 10 (just when the price of BTC fell), the dominance of USDT began to grow. This is a natural fact that explains that investors fix their positions and enter stablecoins. However, at the moment, the indicator of USDT dominance is at a critical point and indicates a high probability of the completion of the current wave of decline:
As you can see in the chart, USDT dominance has been moving clearly within the black channel since March 2020.
If we analyze the situation locally , Buyers have kept the lower consolidation line and are now trying to gain a foothold above the middle line:
On the 6 hour timeframe , we see that a triangle with a flat top is formed, which is more likely to be broken upwards. However, one more local wave of decline is missing, which will confirm the weakness and complete exhaustion of sellers. This wave of decline should not go below $ 31500-31700. Therefore, this week we expect a test of the upper border of the $40,500 consolidation. The breakout and consolidation of the bitcoin price above this mark will confirm our main scenario of the continuation of the price growth to $48000-50000
An alternative scenario in the BTC market will take effect after the price fixes below $28800. In this case, the next stop of the price will be at $25,000.
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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!