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Btctrading

BTC Harsh Reality The Definition of "Volatile". Taking a view at things from a far (Daily) it appears we may very well be repeating the same trading pattern as before. We had 4 large jumps in price followed up by slight bullbacks until the last increase was a shallow, followed up by a massive sell-off, leading into this current pattern. What we would like to see is the next move break through the top of this trend line & surpass $50,000. This would show the dominance that Bitcoin & the Crypto Community have. Steming from mass adoption around the world of people who Trust in the Blockchain / "Internet Money", also realizing the issues that it corrects in Life. Or, we could continue on this pattern & really let the Bears take back the market completely, which could lead us to $30,000 as we would be nearing the end of October. Put into consideration the signing of the Legislation Bill will be on 9.27.21, which will have a massive impact on cryptocurrencies especially miners if it doesn't go in favor of Cryptocurrencies. Have a plan in place & only invest with what you're willing to lose.
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC may move sideways into SeptemberWe've been riding a pretty straight Uptrend for some time now, but it appears we may have reached out peak. For now. We tested $50,000 & very well test it again soon, but what follows that will give us a great idea of where we can expect to be in price heading into September. Once we hit $50,000 we could get rejected then slide down & have a slight chance to create a Double Bottom at resistance that isn't very strong. But may be enough to give us support for a reversal & break the $50k resistance. On the other hand, we could break right through that resistance & retest our previous low $45,000 then a phase heading for the end of the month.
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC Next BIG MoveTaking a look at the Daily chart, Bitcoin is nearing a very important resistance of $52,000! What ensues will determine if we will be nearing our ATH of $60,000 in September or if we will have another sell-off sending us down too retest our floor of $29,500. If you take a look at the RSI it indicates we are in a bit of a downward consolidation which is typically followed by a massive swing in price. What's to come next will have a huge impact on the Crypto Market as a whole. I am BULLISH!
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC September Price RangeMass Integration may begin to roll in once we are clear of the this Bill. With that being said here are my price predictions as we move through August & into September. If the bill gets strung out & things get messy, say it carries over another full week we may find ourselves in a Head & Shoulders & may consolidate between $36k - $40k. Say we get clear of the Bill, we will continue to create Higher Highs with slight pullbacks which should put us around $52k end of month. We get clear & Mass Adoption kicks in, we may see those Feb. 2021 spikes kick in & send us to $60k+.
COINBASE:BTCUSDLong
by Kyle_Kinnaird
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Bearish target for BTCUSDFibonacci Retracement tool: We can simply observe that price tested .382 level support, then it fell to .5 which could act as a strong support and the next level after breaking the support at level .5 would be the .618. Interesting thing to note here is: yellow ascending broadening wedge breakout target(50190 approx) matches almost with .382 level of fibb . This target is already met as mentioned in my previous idea. green rising wedge's target matches exactly with .618 fibb level (43114 approx) It seems price will retest .382 level, if it will act as a resistance then for sure we are breaking down to our next short target. Disclaimer: These are not the trade signals, only my analysis and observations.
COINBASE:BTCUSDShort
by fullofsoul3