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BTCUSDSometimes patterns change meanings and sometimes they have different meanings in different places. In my opinion, the triangle is a run button to continue the process. If it is formed in an ascending trend, it will continue the trend from all sides after the defeat, and in the same way if it is formed in a descending trend. On the other hand, you should pay attention to why whales are still watching the market and have not yet entered the market ?! Do not forget that this market is unpredictable and sometimes we have to wait for valid confirmations to continue the trends. Good luck and be profitable friends.
BITSTAMP:BTCUSDShort
by Shantya
3
$BTCUSD - Bullish flag and Fibo levelsHi guys! 👋🏻 🔔 Bullish flag is being formed on BTC/USD 🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around $59K. 🔔 The retest of $59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of February 28. 🔔 Also there is a stable static support at 59K, hence sooner or later BTC will jump towards $68K and as the volumes increase, Bitcoin will proceed towards $70K and $78K. This ending diagonal formation might suggest a bearish reversal, a strong reversal but since March 2020 we have seen many times that BTC simply ignored the pattern and was rather bullish on the completion of this pattern than bearish. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
BTC - 6h. Buyers are preparing for the test of $60,000Good afternoon everyone! The new BTC week began with an attempt by sellers to lower the price below the critical range of $56,000-56500 . At the beginning of the day, sellers managed to touch this range. However, the 4h candle closed with a hairpin down. This fact shows that buyers are ready to hold a critical range and fight for a new wave of growth. In the range of $56000-56500 there is a critical trend line of the global wedge, which we wrote about in our previous idea: Having lost this trend line, buyers will finally capitulate and open the way for sellers to $45,000 . Therefore, it is important that today's daily candle closes above $ 57400. In this case, tomorrow we will see a new wave of growth and an attempt by buyers to go beyond $60,000. Have a great week and take care of your deposits! P.S. Statistics of our trades last week here:
Long
by P_S_trade
12
BTC: ABC Still Valid?Good day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - If we do not break above 58000 a further bearish downtrend can be expected - Possible ABC Correction Wave. -Possible that we can break out into new ATH - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor! and this is not financial advice - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
by dstvst
BTC : Falling Wedge Or Symmetrical TriangleGood day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - This chart showcases two of many possible patterns (Falling Wedge & Symmetrical Triangle) - General consensus: still bullish in the long term - Short term might treat us for a rollercoaster ride - There are many traders looking for shorts, but buying power is also strong. - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor! - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
by dstvst
2
BTC -4h. The sellers have not yet completed the downward impulseHello. As long as the BTCUSD price moves within the our scenario and the endpoint of $42,000 is quite likely. However, if we were more inclined that buyers will be able to make a deep correction upwards, the situation may turn out differently. Sellers have not finished their wave of fall yet, and with a high probability it will turn into a consolidation wedge. For this wedge, we will expect a price of BTC shot up to $52,000 We are still waiting for confirmation of this scenario without positions. P.S. Our previous BTCUSDT idea worked out perfectly _________________________ 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
21
BTC - 3h. The target of $50,000 is still relevantGood afternoon everyone) Congratulations on the start of the new week) This time over the weekend, we didn’t do our traditional "Bitcoin weekend" idea because we noticed it was getting dull. However, if we were wrong, write in the comments which coins you would like us to analyze this week! If there are many comments, we will restore our section) The trading week on the BTC market began with a fall. Despite a perfectly closed weekly candle, the BTC price fell by 7% with the start of a new day. This is not at all critical, since the fall happened within the consolidation. Though, pay attention how other coins fell. This fall showed the strength of the coins well, since some coins ( for example, BNB ) fell by only 12%, some coins (for example, THETA, ATOM) completely returned the price level back, and some coins failed well and did not grow much (EOS, XMR, YFI ). Locally, if buyers manage to fix above $47,800 , we will expect a new wave of growth to $50,000. So far, buyers have kept the critical price zone of $46,430-47,130. Globally, however, we think this is the beginning of a reversal in the crypto market. Therefore, longs only with a short stop and it is time to look closely at short positions. Happy week everyone!
by P_S_trade
18
BTC - 4h. Buyers are ready to test $50,000Hi there. The tension in the BTC market is growing. Yesterday's daily candle closed above the critical range of $46,100-47,100 . Buyers hinted at the price growth continuation. Sellers look weak and cannot bring the price back below the range of $46,100-47,100 . Trading volumes during an attempt to fall are low. All sellers do is hold back a sharp price growth with limit orders. This is clearly seen on the hourly timeframe: For sellers, the mark of $48,000 is important. There we see the last liquidity zone, above which the price will not be kept. It looks like the next 12 hour candle will test the range of $50,000. Of course, if within the next 3 hours buyers do not lose the range of $46,100-47,100. BTC dominance is in consolidation at local lows. So far the facts are on the side of the growth continuation. The only possible factor in the beginning of the correction is the psychological border of $50,000 . Round number. Let's see how investors react to it. ___________________________ 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!
Long
by P_S_trade
11
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 - 4h. Buyers are preparing to break the trend line again.The weekly and monthly candle in the BTC market closed ambiguously. On the one hand, a large pin on a monthly candle indicates the presence of aggressive sellers in the BTCUSD market. Buyers, on the other hand, kept the mark of $32,000 and closed the weekly candle with the probability of continuing the consolidation and test range of $38,000-40,000 . At the moment, we are more inclined to the second scenario. Confirmation of our scenario and test $38000-40000 will be fixing the price of BTC above the trend line. As in the previous idea , the critical range is again $35000-35700. Above this range, the probability of continued growth will increase significantly. However, trading volumes do not give us confidence in this scenario. An unsuccessful attempt by buyers to break the $35000-35700 range will again send the price of BTC to $ 29000. The dominance of BTC is declining and the price of BTC is rising. This fact can be explained by the abnormal growth of XRP , which virtually moves the entire crypto market up. Currently, trading volume in the XRP market is $32,564,931,390. The decline in the dominance of the BTC price will give other coins a chance to continue the steady growth trend. The main condition is to keep the price of BTC above $35,000 . ___________________ 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
12
Bitcoin Bullish Gartley or Crab?I'll be watching this harmonic to see how it plays out over the next several days on this 4hr chart. If a Bullish Gartley plays out, then my first target for the D point of the harmonic would be around $32,300 and my second would be around $31,200. My whiskers are telling me that if we break below the .786 Fib of the X to A leg then it could be a Bullish Crab. I would be looking at a target somewhere between about $29,700 and $27,800. If we are going deep sea crab fishing then we could go all the way to the 1.618 of the X to A leg, which would be down around $23,300. Here are some ways I think it might play out... I'm just a werewolf, so don't take my advice, especially if it's financial. Are you bullish or bearish? Owhooooo!
COINBASE:BTCUSD
by Akamer-the-Werewolf
1
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