Btcpriceprediction
Bitcoin in correction phaseHi guys btc is in correction as it formed double tops and didn't break it so now personally i think it will either retrace from 0.6 fib or 0.5 fib after that we will see the price moving towards the double top again breaking it and moving to the next resistance
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Repeat of 22-23 March going down to 51000Looks like there still a chance we are going to 51000 as we still not gone pass the ceiling yet and most likely follow the same line as 22-23 march and we can expect touch down on 25 march.
So it gonna be a long waiting game for it to go down and not be just a simple one day action moving up or down.
BTC: The Curve DownGood day to all profit makers!
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- We have followed a sharp curve down.
- Will need to see what happens when we reach the converging points
- 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!
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BTC - 4h. The local critical point is $33,400.Yesterday will be remembered this week as the day of the consolidation breakthrough. The sellers broke the $32000-33000 range and tested the $28,800 mark .
In our previous idea, we expected a local continuation of movement in the triangle, but globally, we expected a price drop.
The price of BTC began to slow down strongly in the range of $30700-31300 . The 4-hour candle with the largest volumes looks very small, which indicates the large limit orders of buyers who restrained the price. False breakdown of this range gives buyers a chance for rehabilitation.
On the chart we have published two potential trades that we see at the moment. So far, there is too little information to determine whether the BTC price has completed its correction or not.
If buyers can't control the $33,400 mark, the decline will continue for the next week. Target $26,200.
The main problem with this scenario is $30700-31300. However, closing part of the position in this range will significantly reduce the risks. This manipulation will allow us to calmly expect the price of BTC to continue to fall.
If the price is fixed above the $33,400 mark, we see a good opportunity to trade with the $36,460 target. Whether there will be a prospect of breaking the trend line and the beginning of a new growth channel - we will see the circumstances.
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BTC-4h. 38645 can be a big problem for buyers.Buyers in the BTC market received a rather strong blow . Unsuccessful weekend trading and the uncertain closing of last week's candle provoked a 20% drop in the price of BTC.
Given that the decline was in increased volumes - the probability that the BTC market began to correct the frantic growth trend is high. However, the local wave of growth that began on December 11 has not been broken.
Buyers kept the white trend line and the range of $33,500-34400 . If the next 12 hour candle closes above this range - buyers will launch a counterattack. The rise in the price of BTC at reduced volumes and the test mark of $38,640 will be good signals for the continuation of the correction of BTC with a target of $26,200.
P.S. if the global correction of the growth wave has started now, the market will cool down for a long time after such a rally.
If you are interested in a deeper idea about BTC - read our global BTC idea:
BTC-2h. Buyers are holding the blows and targeting $25,000.The weekly BTC consolidation continues to deplete market participants. Since December 17, sellers have tried four times to break the $22,500-22700 range. During the last attack of sellers, the price could only touch this range.
As a result, buyers have formed a new local trend line . The price of BTC continues to remain between critical points. Buyers are now gaining the courage to test the $23850-24000 test. Given the price movement in the sloping consolidation channel - the next local target of buyers is $25,000.
The dominance of the BTC continues to grow steadily, sacrificing other coins.
To start falling prices in the BTC market, sellers must show aggression and not allow buyers to consolidate above $24,000.
After breaking the $22,500 mark , the correction of BTC's long-term growth will begin. What will happen in this case with other coins - it's scary to think. Suffice it to mention how XRP fell.
BTC price prediction chart 2020/10/04I still stand firm with my design in this chart, I believe we are set to hit USD13846 before the end of next week (2020/10/10)
BTC is currently jumping back into the ascending triangle and by Monday, we should have a clear confirmation that BTC is continuing it's bull run towards its all-time high.
BTC price predictionI have closely watched BTC for the past few months and I think this is my most accurate chart for the immediate short term and mid term.
The fake out fooled many and was well planned. But in my opinion it is safe to say we are about to see Bitcoin take off to the upside.
We have dropped back into the ascending triangle and should see a jump to the higher USD11000 any time now
Expect BTC above USD12000 before end of next week, most likely sooner
Midterm BTC price prediction chart 2020/08/09In this chart, I looked at the daily candle time frame to see that there is in fact an ascending triangle that has been forming for several months.
There were three fake-outs to the downside but every time the price quicky came back up into the forming triangle.
In my opinion, there is a very strong chance that we are going to see a huge move to around USD21800 before or on 06/09/2020
Short term BTC price prediction chart 2020/08/09I have changed my short term price prediction to a bullish event due to current price trends.
there is an ascending triangle forming, which will most likely break to the upside within the next few days.
The expected price target is around USD12800 in the short term.
I will also say that there is a midterm price of around USD20000 which I am expecting in the next few weeks. I will shortly post that trend analysis