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Btcusdforecast

BITCOIN UPDATE: YET TO REACH THE RESISTANCE LEVEL!Welcome folks to this BTC update. I am gonna keep this chart neat and easy to understand. Timeframe: 4 hours. Update: We saw how BTC is trying to bounce back to stay above the $20k level which is good for the market. The daily close was around $20.8k below the 21 MA but it made a quick pull back holding the price at $21.3k. If BTC continues to rally, we can expect it to touch the resistance level which is at $22.5k, and if BTC starts getting rejected then $19.6k is good support. RSI: In this 4 hours timeframe, the RSI is showing a hidden bullish divergence which is quite a confirmation of a bullish rally towards the resistance level. Conclusion: BTC is still under a bearish flag pattern and like I said in my previous BTC update, $22.5k is the invalidation point for this bearish flag. Once BTC breaks the resistance, we will see a trend reversal and we may likely see higher rallies. A rejection, on the other hand, will continue the bearish flag pattern. I will update more on this topic later until then trade safely. Like, comment, and follow to support my channel. Thank you.
Long
by Dexter_The_Trader
4
BTCUSD: Elliott Waves Intraday TradingHi everyone! The price continues to form a wedge pattern in wave 1. At the moment, another local correction has begun, within which I advise you to look for a place to open a long position. In addition, there is an excellent opportunity to increase the volume of a long position in moment of the price to break through the top of the wedge. I continue to hold my long positions in other coins (in the list of 9 coins) that have already made excellent profits And, I will be decide to close all longs after the price of bitcoin hits $25,000. Scenarios for a set of short positions are not considered yet. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDLong
by HurricaneCapital
12
BTCUSD Change of Trend! - A Bull run coming!BTCUSD made a great dump for several months until it reaches the 17689.13 support zone area. Weeks passed this dump momentum has lost it run and made a beautiful uptrend movement making the buyers taking advantage of the uptrend momentum which clearly made a higher highs and higher lows. It will reach the 21500 area of resistance it is probable that it will break this resistance zone and continue its upward movement. Timing and confirmation of price action are needed for these entries. #tyor #dyor
BINANCE:BTCUSDLong
by FX_Zone
BITCOIN: A GOOD RALLY.Welcome folks to this BTC update. Timeframe: 4 hours. Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to $22.5k. Trade Setup: If BTC show some retest then $19.5k to $19.9k will be a good re-entry level. Stop Loss can be at $18.7k and the target will be $22k. If BTC doesn't retest at all then let it be, we can get another opportunity. I will update more on this later until then trade safely. Do support with your likes and comments. Thank you.
Long
by Dexter_The_Trader
2
BTCUSD: Elliott Waves Intraday TradingHi everyone I have edited the medium-term of wave levels in accordance with the current realities of price dynamics. It is likely that the price has completed the downward momentum within wave C of wave B in the flat correction model. At the moment, wave 1 (waves C in wave 4) has formed in the form of a wedge pattern, breaking through the high of which will lead to a bullish rally. As a result, the bullish rally could end between $25,000 and $29,000. I will be open a long position on a local correction, and also increase the volume of the position when the top of the wedge is broken. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDLong
by HurricaneCapital
5
BTCUSD: Elliott Waves Intraday TradingThe price of bitcoin found support around $19,000. I have edited the local wave levels, and there remains the possibility of a second decline within the local 5th wave. In general, the situation is ambiguous. On the many altcoins now have zigzags formed after an impulse recovery at 4 weeks ago, which indicates a possible start of a sharp price increase. It is not yet clear whether these impulses will be part of corrections, or whether this will turn out to be the birth of a new protracted growth cycle. In summary, I can say that I am inclined to aggressive purchases and closely monitor the dynamics of some coins (including Bitcoin), the price of which has formed beautiful patterns, and the structure of the waves allows me to plan very carefully to take trading. P.S. You can explore my past ideas with trading plans for ZRX and DOGE . Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDLong
by HurricaneCapital
4
BTCUSD: Elliott Waves Intraday TradingI continue to edit the trading plan as the price decreases. I made adjustments to the markup of wave levels: - on the one hand, the price decline may continue within the framework of wave 5: within the framework of this scenario, some kind of corrective model will probably be formed within the local 4 wave (where can consider opening a short position); - on the other hand, the decline may end soon, and the price will form wave 1 (where can consider opening a long position) within the expected wave C of wave 4, the formation of which may be not completed yet. In general, there are options for conservative actions with good risk-to-reward ratios. The main thing is not to rush and open positions by using good price patterns. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
6
BITCOIN: AT THE SUPPORT LINE.Hey guys, here's a quick update on BTC. Keep in mind that this is a short-term update so don't compare this with my long tern USDT.D update. Time frame: 4 hours. Update: In my previous update, BTC had slight support at $20.5k but we clearly saw that it didn't hold. The daily close on the other hand was around $19.9k which was expected after the breakdown. Current Scenario: BTC is hitting the $19.5k-$19.6k support range. If this is strong support then we can expect a bounce-back soon. Also, we need to keep in mind that BTC is forming a bearish flag pattern which isn't a good sign for the market. We may expect another bounce-back but it may not hold it for long. Key levels: $19.5k to $19.6k is an important support for BTC. Conclusion: If BTC bounces back, we will enter long and if BTC breaks down below, we will short the market. I am expecting a short-term bullish rally in the market soon. So, keep your eyes wide open. Trade safely and as always like, comment, and follow for more. Thank you.
Long
by Dexter_The_Trader
7
BTCUSD: Elliott Waves Intraday TradingAnd yet, the price touched the critical level of cancellation of bullish expectations, and I did not open a long position due to the absence of a breakdown of key resistance levels. At the moment, I have made adjustments based on the continuation of the possible dynamics. Intuition suggests that sharp fluctuations towards the $23,000 level and a test of an important Fibonacci level are still possible (this scenario reflects the structure of wave 4, within is likely to forms a WXYXZ model). In addition, I do not rule out a continuation of the decline within the impulse of wave 5, the structure of which I will refine as the decline(I plan to open a short position on the expected waves 4 with the goal of at $16,500). Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
1
BITCOIN: READY TO TEST $19K?Hello, amazing people. I hope your weekend is going great. Here's a quick update on BTC's current price and the possible levels it could reach. Timeframe: 4 hours. Update: BTC recently got rejected from the resistance level of $22k. This rejection is quite disturbing for the market as we can see the possible drop level. If BTC continues to reject then $19.5k can possibly be the dropping level. For relief, we have slight support at $20.5k from where can expect BTC to bounce back. Let us see how the market plays out. I will keep updating you guys so keep in touch. Thank you.
Short
by Dexter_The_Trader
BTCUSDT 12h That in common in Bitcoin, Altcoins, Dominance USDTToday, let's consider the behavior of BTCUSDT price for 12 hours of timeframe, as the BTC price is working on the fractal we presented last week. According to the fractal, by the end of this week, a smooth Bitcoin price growth is possible to $21500. In general, this is a minimum and conservative target for growth. And further, it can start again - 2-3 weekly price corrections. But in this situation, in our opinion, it is more interesting different. While the BTCUSDT price will be growing smoothly, altcoins can start to grow actively This assumption partially confirms the Dominance USDT chart - USDT.D A possible fall in the Dominance USDT.D, according to the fractal, will mean that the capital from the Tether will be flowing into BTC and altcoins, accordingly, their prices will grow. But the next trading week can be an interesting fracture: - If the USDT.D starts to grow, and the price of BTCUSDT fall, it is clear that the capital will start flowing again from the BTC into the Tether - But it can be more interesting with altcoins. If from next week, they will be poorly adjusted or the price is relatively standing in place, it will mean that from Alts capital does not flow to Tether. Accordingly, while the BTCUSDT price will be in a smooth correction, Altcoins can start a good up movement. But about this is already next week. But not to miss the updates of our thoughts: put a like under the idea, write a comment and sign up for us. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
BTCUSD 4h Bitcoin price movement route for the next trading weekA few days ago we published an idea for the BTCUSDT trading pair, with a fractal, which is working quite well today. However, today we were noticed that the buyers started to slow down the BTC price, a struggle between sellers and buyers on increased trading volumes begins. So we decided to make an update. The current trading zone is now $20500-21500. If the BTCUSD price fixes above $21500 in the next few days, the upward movement will continue to $23100 and possibly to $24300. If the Bitcoin price keeps falling down, and it consolidates below $20500 , the fractal will continue to work out. A smooth correction BTCUSDT over the next 2 weeks, all the way to the maximum critical zone of $18250. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
40
BTCUSD: Elliott Waves Intraday TradingThe price of bitcoin continues to be in the expected correction of the upward movement. It is likely that a WXY wave pattern could have formed, after which a fast growth can be within the wave 5 of wave C, or within the wave 1 of wave 5 (also, an ascending wedge has already formed on the M5 timeframe, on the breakdown of the maximum of which I will enter the long). Or I will buy at the limit level of $21,000 with a stop loss of $20,700 (if the correction continues), and I will consider short sales in case the end of the local 5th wave above $22,500. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDLong
by HurricaneCapital
5