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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
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!
COINBASE:BTCUSDLong
by Akamer-the-Werewolf
2
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:
by P_S_trade
16
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.
by Paydar
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
Short
by UnknownUnicorn13204076
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!
Long
by UnknownUnicorn13204076
2
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.
Short
by yektrader_com
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.
GEMINI:BTCUSDLong
by Zoen_Trieste
4
Bitcoin - August 5, 2020 (Bearish)BITSTAMP:BTCUSD Hello everyone, ... back with another update. The take-aways of today's post are: - Yesterday was a non-event in terms of the BTC price (O: 11,236 <> C: 11,192). - I remain bearish ** despite the (2.7%) recovery from yesterday's low ( 11,000 <= mark that figure...); and ** because BTC is still struggling with the .50 Fib level (11,330). Let's take a look at the 4H chart. - Since the August 2 dump, we have been range bound between the .382 Fib (10,920) and the .50 Fib (11,330) (disregarding the local high (11,480) of August 4). - We are currently seeing a (minor) price rally , following yesterday's 11,000 low. However: ** volume has been declining consistently; ** we haven't (convincingly) broken the .50 Fib (11,330) resistance; ** we haven't set a (local) higher high (=> for that, we need to break above 11,480). - On the plus side: we are currently above the 21-period (4H) SMA (red curve), the 21-period (4H) EMA (blue curve) and the 50-period (4H) SMA (green curve). ** Hence, the 11,230 - 11,270 zone will likely act as a first line of support. If we take a look at the (4H) RSI chart, we see that - the RSI (pink curve) has bounced off the .45 level and is currently on it's way up; - there is no (hidden) divergence; and - the Bollinger Bands have tightened significantly . This suggests that a (short term) burst is on the horizon. => Given the positive signals on the RSI, I would expect a break to the upside . However, unless that break (1) occurs with substantial volume and (2) takes out the previous local high (11,480), I will not change my bearish stance. ___________________________________________________________________________________________________ OPINION (Unchanged): BEARISH ANALYSIS (updated): ----------------------------- See above
BITSTAMP:BTCUSDShort
by GeertVD
BTC still above 10k | RSI in overbought region!Market in last 24hrs -BTCUSD above 10k, price saw a good uptrend -Price volatility was high. Market moved ~4.8%, between $10.3k and $9.85k Today’s Trend analysis -Expect uptrend to continue, might see some consolidation -Price at time of publishing: $10,248 -BTC’s market cap: $188 Billion -Oscillator indicators are mostly neutral. RSI at 75 -Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral -Volume indicators are indicating continuation in uptrend as green candles saw big volumes while red candles saw less than 20 candle average volume. Price expected to continue uptrend. Most of the Oscillator indicators are neutral. MACD is postive above 187, increasing histogram is a bullish sign. RSI is trending and at 75, it is above the overbought region since the last few candles. CCI rose above 0 and is in overbought region, which is a bearish sign. Another interesting point to notice here is that price has been going above the upper bollinger band and we might expect some consolidation. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSD
by Mudrex
4
BTCUSD - Touch 9300 next?Bitcoin price still in a tight range, but on 4h timeframe it touched $9k zone again and bounced. The price is slowly, but moving to the upper border of the range - it is logical to assume we'll touch it. Don't really see exciting setups here, R:R is not good, maybe short from $9350. Based on this month data it was a decent place to do so. Hit the "LIKE" button and follow to support, thank you, Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.P
by Bitduke
BTCUSD expected to uptrend | RSI bounces back Market in last 24hrs -BTCUSD bounced and then continued downtrend as shown in last analysis. -Price volatility was low. Market moved ~1.1%, between $9.05k and $9.1k Today’s Trend analysis -Expected Uptrend as RSI bounces -Price at time of publishing: $9,102 -BTC’s market cap: $167 Billion -Oscillator indicators are mostly neutral. RSI at 41 -Moving average indicators are biased towards downtrend. Ichimoku Cloud is neutral -Volume indicators are indicating continuation in downtrend as price increase saw decreasing volume suggesting uptrend is not supported by volumes. Price expected to continue downtrend as price increase were not supported by volume . Most of the Oscillator indicators are neutral. MACD is negative around -33, increasing histogram is a bearish sign. RSI bounced from 30, still below midline which is a weak bearish sign. CCI rose from oversold region, which is a neutral sign. Another interesting point to notice here is that in 1 hr candle we are seeing breakout after bollinger band squeeze. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
BITSTAMP:BTCUSDLong
by Mudrex
7
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. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDShort
by Mudrex
2
Bitcoin Scenarios for Halving and BreakoutCurrent scenarios on the 3 day chart: After the big 3 day candle which closed yesterday, we're now waiting 3 days for the current candle to close. A close near current price will create a spinning top or indecision candle, which will suggest a strong move upwards (see blue box) Alternatively as per red box: possible dip to find support around $7425 as a launching pad for breaking through long-term strong resistance trendlines above. Shorter time-frame analyses to follow to track the scenarios as they develop.
KRAKEN:BTCUSDLong
by Sparkster