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!
Btcprice
Bitcoin Medium Term Outlook (Mid Feb to Mid April 2021)The price has been beautifully sewing up and down the uptrend line. The coming moves have been forecasted using extrapolation data from the previous three oscillations around the trend line. Based on the analysis I am expecting the price to retrace to 128 daily ma in early and hopefully get support and bounce of the moving average.
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!
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!
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!
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!
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!
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!
Bitcoin Long Opportunity?I am seeing an opportunity for a long with a potential 10% profit. I think we are bouncing off the bottom of the bullish pennant and will move up to test resistance.
Since I believe we are in a bullish trend it seems we will move up and maybe...maybe this time we get a break up and out of the bullish pennant.
Bitcoin is here to stay. Owhoooo!
Bitcoin Howling for the Moon!?What's up wolves??
We could go up and test resistance or go down and test support and either would be healthy in my opinion. I see a few formations, not sure yet what is going to play out. There is a smaller head and shoulders and we are testing it's neckline now. A break down could see us test the neckline of the larger head and shoulders pattern that I see still developing. I would not be worried about a major correction unless we broke the neckline of the larger head and shoulders formation. The cup and handle that formed seems to have run out of steam. I think we will continue to consolidate into this larger pennant structure and when we break it I expect a big move. My whiskers are telling me that a break up in the short term could lead to blue skies.
On the daily I am feeling bullish. If this is a bullish pennant then the target for a break up would be close to $62,000.
Join my pack and follow me! Owhoooooooo!
BTC Monthly AnalysisEvery time RSI has reached to the RSI LEVEL that i have indicated in chart
,we experienced a new high price in BTC. Thats why i think RSI has
a good potential to reach to level and make a new high in price.
we have to wait and see that may the midline reject the price heavily or not.
there is two possibility for price action 1 or 2 that i mentioned in the chart.
what DO YOU think?
BTC-2h.We are waiting for the breakthrough of critical points!On December 21, sellers had a chance to make a correction. Very quickly, the price of BTC tested the critical range of $22,500-22700 .
In the period from 17 to 19 December, buyers fixed the price above this range. Only after a firm consolidation did the price renew its historical high.
Given the importance of this range, we are considering 2 BTC Scenarios.
The first scenario shows that the market continues to consolidate widely in the range of $22,500-24,000. Buyers are gaining strength and preparing to storm $ 27,400. However, to consider the BTC in the long we will find only after fixing above $ 24,000.
The second scenario shows that buyers have lost the trend line and now sellers are preparing for a correction. However, a confident short can only count below $22,500. The first local target is $ 20,700.
So while the price is between the critical points you can view our Global BTC Ideas:
BTC_second scenario_which is very logicThe second scenario is very logical
In fact, the 19,850 resistance was broken without a price correction, and of course, in a short period of time, it seems that the price above 20,000 is not reasonable in this situation, and in fact it is trapped in this range, if this is the case, this high price range 20,000 will be maintained until the end of January, after which the real price correction will take place .
It is expected that based on the support and resistance ranges that are fully aligned with the Fibonacci main lines, this price correction will start first.
Up to the support level of 16,000 and then a small uptrend to the resistance range of 19,850, then again a downward correction to the support range of 14,000. If the support range of 14,000 is broken, it is likely to fall to the support range. 12,000 will continue, and finally, after completing the head and shoulder pattern, we will expect a strong climb to 30,000.
Bullish On Bitcoin. I was bearish until now.
A LITTLE continuation of this idea for anyone who followed it.
Remember this is not financial advice, and I have absolutely no idea where price is going- don't listen to me : )
I see BTC filling out this IHS a little bit and taking off towards targets, or just taking off toward targets.
Strong impulse - we are waiting!Holla my friend!
When price breaks over 18720 - expect strong impulse to renew lows - previous idea
"Btc/usdt - What to expect?"
will show you all the goals that we will achieve.
the last one, at my discretion, will be 18150.
Therefore, those who are in long positions - be careful - but this is trading.
And there are some points that indicate an increase, and these are:
- Rising highs
The price for CME REACHED THE LEVEL OF 20300.
The strong level of the market maker is 18850-18750.
P.S But I'm waiting for a strong impulse down
Bitcoin - Is the 19,000$ update ready - or a correction?I marked two strong levels for you: the 17500 mark
and 17 380.
These levels will serve
the basis for starting from them
and understand where the bitcoin price will moveHello traders.
The first thing I want to say to everyone is that the upward trend is still relevant!
judging purely because the trend
ascending is what we see twice
retest at this level, this indicates
what is the priority
still upward price movement
if the price
goes up the nearest target will be
mark 18 500 the next target will be
mark 18 700 and
respectively $ 19,000 for 1 bitcoin
in order to understand where will be
movement needs to be based on data
levels and build a certain
flat range (Flat)
When you see a candlestick closing on the 4-hour timeframe below 17200, (Please understand - not with the tail, but with the body of the candle, complete closing below this mark) feel free to look for a sell entry. since they will go to update the price - 16800 - 16500 - 16150. (where the price of the ritest will lead, I can't tell you for sure, but these values will be worked out by 90%
)
At the moment, I do not see any reason to look for a short position yet, as the trend is upward, and there are no special signs for a fall.
Judging by the mood, expect the closing of margin calls standing in short.
I ask every trader, whether you are a beginner or an experienced one, always trade with a stop loss.
Since the statistics are bull run, I have always made a 30% correction - do not forget about it!
BTCUSDT In a sensitive AreaAs you see BTC price brokes Andrew's pitchfork line and now it's around the Trigger Line. If it breaks the trigger line without pull back to the pitchfork, probably we will have a bearish in Price. It is also a powerful support level near the trigger line that will break together. So if the Price goes under 11200 and stays for a while, We will expect 10500 and 10150 in the next few days. If Price pulls back to Andrew's pitchfork blue area the signal is violated. Just Have an eye on BTC price.
Be Careful, don't open any position before the price breaks lines.
God Bless All Traders.
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.
BTCUSDT SCALPING A LITTLE LATE BUT USEFULL Actually I have made this analysis right at the time and For Entry Points, I was On chart but an Uninvited Guest Didn't Let me to finish it, It wasnt so bad for me because I didnt set TP levels in my trading account. Now I see that the price passed even my TP2 so I have set a trailing take-profit to earn more. Will Price touches 12500 again tonight???? I guess It's not so far. we will see .
XBTUSD - Ranging for several daysMid-term is still bullish, short-term - no clear direction. The price is trapped in the channel $11500 - 11800, HTF support at $10.8k. I think we should see another test of $12k, but not longing at resistance.
Break of $12k -> road to $14k.
Break of $10800 -> bearish.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.