BTC, Bitcoin - we can buy BTC only in this case...As u can see on a chart, every low is higher and higher. And it's a good moment for everyone who waits for a new ATH from the coin. But it doesn't mean that we'll do that. I think that a good entry point will be after squeezing to key level, breakout, and retest. But I would rather the price continued its movement in the local range in order for the altcoins can realize their potential. Let's see...
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Btcsignals
BTC, Bitcoin - we haven't a volume for growth😳. What to do?Despite the fact that the price is in an upward wedge, I don't see why we should break through the strong resistance level of $60,000. There are no volumes right now. I think it is more likely that there will be a drop. Technically, that's what it looks like. But anything is possible.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCBreaking out of falling wedge pattern and also stuck under strong resistance from the daily Super Trend sell print. Hard to say TBH,
The Stochastic RSI on the daily is screaming sell and buy the daily TF dip.
But the LTF's keep building Higher lows and grinding higher. I think if BTC doesn't nuke here that the daily stochastic RSI can stay overbought for many days even a week or more B4 any drop and we could get our long awaited push to $75k.
Also the weakness in the DXY could be the missing piece the BTCs elusive pump that we've been waiting for.
IDK just my thoughts, we should be in Hold positions only and not Lev trades IMO.
At least that's my 2cents.
If you r just in hold trades these moves r just hard to sit through during the dump but we don't get whipped out either.
GL guys Big Mike loves u!
BITCOIN accumulation. Get ready for the next launch!Quick update on the 1D time-frame. This is an important finding that shows Bitcoin repeating a process which last time we saw it (September 2020) it paved the way for the late 2020/ early 2021 Parabolic Rise.
As you see BTC has been recently consolidating roughly within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). At the same time the RSI is also trading sideways after a strong rebound right above the 30.000 level, while the LMACD is rising on a Bullish Cross after a rebound on the -0.03 level.
Last time those parameters took place all together was in September (and early October) 2020. BTC was again consolidating within the 1D MA50/ 1D MA100 zone, the RSI was also trading sideways while the LMACD was rising after a bounce on -0.03. The only difference is that now the RSI is still below its Lower Highs trend-line of January, while in September it had already crossed above it. Needless to say when that happens, it will be an extremely strong bullish break-out signal. But even now, it is more than obvious that this 1D MA50/100 consolidation is an accumulation process that is seen before major bullish break-outs, same as the October break-out.
So what do you think? Are you ready for a similar pump? Is this consolidation the accumulation process before the next launch? Feel free to share your work and let me know in the comments section!
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BTC, Bitcoin - new update💥Bitcoin has a chance to form a good breakout pattern. I don't think about trading BTC right now. But if the price starts squeezing near to the resistance line, it will be a great reason to think about the breakout and open a long position. Now I keep waiting.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
I ANALYZE FOR YOUR COMFORT - BITCOINI anticipated the King's route a few days ago, and that's exactly what happened. I did not add any lines, any indicators on the current chart. As we predicted, BTC consolidated for a few days, today, as it can be seen, it will leave the consolidation range, starting in the pursuit of Doge, angry as if on the increase of the last one. Long BTC! If you like my analysis please like and follow. If you want other tools analyzed, leave their names in the comments, and in the next hour I will publish the analysis. Everything is green !!
BITCOIN 5 MAY PRICE PREDICTION (shortly explained)Hello folks, hope you all are doing well. Quick and short update for you if you are getting confused at the current price movement.
While writing this price is trading at 54290$, this area is a demand zone with some good support. All tho we can see the price hitting the 52k mark to 'low retest'. If we get there then bounce is highly likely from that area ( also 100MA support in daily) and that will be a good long entry with proper stop loss placing.
But if think we can see a reversal from here and don't want to miss an opportunity, you can buy partially and add more in dips.
As always trade safe and use low leverage with stop loss :)
BITCOIN the CCI and Channel's middle trend-lineJust a little something that came to me while examining BTC's March and April's sequences. I will be brief.
** The Channel Up patterns **
As you see two Channel Up patterns stand out. Common characteristics on both are (primarily) the behavior of their median (middle dotted trend-line), which first acted as Support and then as Resistance and the MA50/ MA100 Death and Golden Cross formations on the 4H time-frame (the former marked a dip to the Channel's bottom while the latter marked the uptrend to its Top).
** The CCI **
I've also included the CCI (4H time-frame) in this research. Why? Because I've found a key trend-line (205.00). As you see, this trend-line has supported 6 times since March 21. Out of the 4 times it failed to support, on 3 of them, BTC made a Lower Low. The only time it didn't (April 03), was because the 1.0 Fibonacci level held. When that broke, the price dipped to the 2.0 Fib extension.
** Conclusion **
This gives a small hint for Bitcoin on the short-term. Right now the CCI 205.00 Support has been (marginally) broken. That means that if the 1.0 Fib breaks (52300), then the price may break towards the 2.0 Fib extension (46400), which is roughly the April 25 low. If the 1.0 holds though, we are more likely to see a controlled rise towards the Channel's middle trend-line again.
Which scenario do you think will prevail? Feel free to share your work and let me know in the comments section!
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BTC, Bitcoin - will we grow yet? Read in the post👇🏻Will we grow yet? No one knows the answer to this question. Anyone who says they know is lying. In this post, I want to give you an example of "Bullish engulfing" which formed weekly bitcoin candles. This model symbolizes the upward mood of the market. A lot of times I used it for understanding that the price will grow. Let's see what will be in this case.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BITCOIN All bearish barriers broken. Stairway to $70k?Last week (April 27) I published the following trading plan:
The idea was simple. As long as Bitcoin found Resistance on the Lower Highs trend-line (of the 65k High), it would pull back continuously to the 4H MA50 (blue trend-line), similar to the late March test of the (at that time) Lower Highs trend-line. The last barrier to break before the bullish break-out confirmation was the 4H MA100 (green trend-line), which it did, BTC successfully broke above not only the 4H MA100 but the 4H MA200 (orange trend-line) too.
** Phase 1, 2 and 3 leading to a Channel Up **
This study is based on that pattern but I am extending it a bit adding to the sequence the early March price action, which as you see on the chart also included a Lower Highs trend-line break-out.
What happened both on Phase 1 (early March) and Phase 2 (late March/ early April) after the Lower Highs break-out, was a re-test of that trend-line and the 4H MA100 as a Support, before a Channel Up (green pattern) started that led to new a All Time High (ATH). On both occasions the new ATH was around a 1.236 Fibonacci extension from the previous ATH. Right now this is approximately around $70000.
** The 4H MA50/100 Golden Cross and the RSI **
It is important to note here that every Channel Up started after a 4H MA50/MA100 Golden Cross (i.e. the MA50 crossing above the MA100) took place. Right now we are 2-3 days before a potential new Golden Cross. Also the RSI is above the soft Resistance (red) and since March when the RSI hit the red flag level, it either started the Channel Up (green curve on the RSI) or pulled back near the Support (blue curve), which meant consolidation with the 4H MA100 supporting. Both cases lead to a Channel Up.
But what do you think? Is this "Phase 1, 2, 3 pattern" reliable and if so will you aim for a rough $70k target? Feel free to share your work and let me know in the comments section!
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Should you long Bitcoin at this level ?Hello traders, tough time for some of you because some of you will be in a position that can be at a loss currently but some of you are enjoying this dump and filling a bag with bitcoin and other alts. Here is the update regarding bitcoin price current movement.
- as we had almost 27% dump from the high and currently price is consolidating in the 50k zone. Watching this and I'll keep you updated with price future direction. If you are taking any position right now in the spot or future then make sure you use stop-loss, if the market goes against you will be REKT. Price can move in any direction as we don't have any confirmation of one direction, if it breaks below then we will see the price at 43k-45k or maybe lower.
Please don't get confused or scared, it just to give you an idea about future price movement so you will be prepared.
Any dought? you can ask me in the comment :)
BITCOIN The Buy opportunity of the 1W RSI 1D MA150 combo.BTC is on the 2nd straight red week (1W), which even though it is not something uncommon neither for the current Bull Cycle (had such streak both in March and January) nor the previous (2016/ 2017). Nonetheless, this weekly weakness is scaring off most traders as panic selling does usually when it kicks in. However I have a new RSI/ MA analysis (on multiple time-frames) that shows a buy-the-dip opportunity is approaching.
** The 1W RSI Support **
This chart is displayed on the 1W time-frame. And the basis of that is the RSI, which since late April 2020 (when Bitcoin stabilized and initiated the end-of-the-year ATH break-out sequence), has been providing support at 54.00. That RSI Support has held since the Parabolic Phase started in September 2020.
This level grows in importance even more as it hasn't only been the Support on this Bull Cycle but also the previous one (2016/ 2017). As you see on the chart, since Bitcoin stabilized after forming the 2015 bottom, the 54.00 RSI level has been providing Support since late January 2016. The level has been tested and held on 4 occasions until the Bull Cycle violently ended in January 2018 (see how a test of that level as a Resistance indicated the presence of the Bear Cycle, but this is a topic for another study).
** The 1D MA150 **
Can the 54.00 RSI level provide Support again? The obvious answer is yes, but it grows even stronger as a Support combined with the 1D MA150 (yellow trend-line on the chart). As you see in 2016/ 2017, BTCUSD never closed below the 1D MA150 after October 2015 and has been supporting until the ATH of the Cycle. What is more interesting is that every time the RSI hit 54.00, the price also hit the 1D MA150. Some wicks below on a few occasions were quickly bought back and the weekly (1W) candles always closed above the 1D MA150.
On the current Bull Cycle, the 1D MA150 has been religiously supporting since late April 2020, completing exactly 1 year of Support (and counting). And as it happened in the previous Cycle, again every time the RSI hit the 54.00 level, the price tested and held the 1D MA150 (exclusively during the 'consolidation phase' of May - August 2020).
The 1D MA150 is currently around $41300 (avg on exchanges). It is on a rising trend, meaning that if the current selling sequence is stopped/ paused/ slowed down, it will meet the price higher. Regardless of that, this RSI/ MA combo is a strong ally for those who want to treat this 2-week pull-back as a buy opportunity.
What do you think? Does this combo offer a buy the dip roadmap? Feel free to share your work and let me know in the comments section!
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