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Btcusdidea

BTCUSDT - $58k Is the next targetBINANCE:BTCUSDT We are above EMA 200 So no need to worry for now. This is just a normal correction. If you see the 3 purple lines on my chart, you can see 2/3 of them have been hit already the third one is $58k+....so for now fingers crossed. 3 Strong Bullish signs: 1 - Price is traded above EMA 200 2 - Bullish Engulfing pattern formed last month, since then price has moved up from $30k to $53k 3 - Hidden bullish divergence detected on the TA indicators
Long
by skullcrypto1
BTCUSD still short ( Updated idea)Hi there BTCUSD went a little bit higher than previous 52k target mentioned, to hunt liquidity from sellers and grab from buyers, as some bought the top thinking it was a breakout. This fast drop, was to make sure a lot of buyers got stuck in prices arround 48-49-50-52k, so this price BTCUSD wont visit it back as they would breakeven their positions, so this will be a massive resistance which price wont break. Now look for corrections only at smaller timeframes , and follow the drop- Target still 20k, maybe lower. Good luck
BITSTAMP:BTCUSDShort
by fernandoc17
BTCUSD wave 4 complete - Starting EW5Hi all, It has been a while since I have posted an idea here but that is with good reason as i did not make any sense to post anything until the EW 4 correction is complete. Also, I tend to analyse the macros trends, therefore once we have confirmations of moves being complete, it would make sense to update ideas and post new ones. With all that said, here is my idea with how I am seeing this market in the next 3 to 6 months. The four year cycle we are currently in, it's about to end in 3-4 months from now. My feeling is that this will happen around mid or end of November, possibly sooner. Each cycle though, extends a bit longer time wise but also gets less volatile too. Therefore, I have notices that each cycle the returns and the moves of the last EW are about 50% less than what they were from the previous cycle. With this in mind, Here is the chart in all it's glory and the targets I have for the last EW 5 this cycle. As always, good luck and make sure to lock in profits.
BITSTAMP:BTCUSDLong
by cbistriceanu
3
Bitcoin. Setting up for another Pump ? If it is useful Please LIKE and FOLLOW. Just a personal opinion. Hello traders, Lets break this out: 1. Ascending Bullish Triangle. Suggesting that in every dump there are less and less sellers, supply is getting scarce. People are buying the dips at a higher price. Sellers are selling at a fixed price at the top. 50k is simply a very marked psychological number. 2. Spotted the possibility of a bearish butterfly harmonic pattern. This to get some possible short term targets which lie between 51k and 53k. Harmonics are simply structures based on fibonacci levels to try to determine possible areas of reversal. In this case these were simply drawn to try and get some targets at the 1.27 and 1.618 extensions which is common for this structure. 3. We got our third and most optimistic target by projecting a measured move up from the ascending triangle pattern, by projecting the distance from the lowest point to the highest point of the ascending triangle which gives a possible target of 57k. 4. If and only if this goes to this area of prices we could expect a MACD divergence and could trigger a larger pullback. As long as BTC trades below its record high we are still in a super gray area. What worries me a bit is that gap on the Chicago Mercantile Exchange (BTC!) at 20k, it is still possible we get there. For now it seems that the bulls want to take it up a bit more. Who knows perhaps they will take it to 100k or 1M. but it is impossible to predict. It is much better to go day by day and see what the market tells us. Patterns are just patterns, perhaps they only exist in our brains and that's it, but at least it is a structured way of analyzing the prices and serves us to make good trading plans and get possible scenarios. Well my dear friends. wish you the BEST of the BEST. Don't get too hyped or too depressed. Step by step is the best way. Cheers and happy trading!
Long
by Robertus
2
BTC/USD On average, every four years (after 210,000 blocks in the China blockchain), the production of new bitcoins abruptly halves, or more precisely, the reward given to miners for adding a block to the China block is halved. Hawing has been placed in the network code by Satoshi Nakamoto, the anonymous creator of Bitcoin, with the aim of controlling bitcoin inflation.Since the Hawing event actually halves the supply rate of new bitcoins, the experts believe that this event will have a significant impact on the price of bitcoins and can increase the value of bitcoins over time.What is the philosophy of the Hawing event?You may be wondering why it was necessary to design this change in the Miners' Rewards and why the reward rates for the Miners should not be kept constant. Will this event not end to the detriment of the miners?The answer to this question lies in the law of supply and demandIf new bitcoins are generated quickly, or the number of bitcoins that can be produced is infinite, the high number of bitcoins in circulation will gradually devalue them."The main reason for doing this is to control inflation. One of the biggest mistakes of traditional Fiat currencies, which are controlled by central banks, is that they can print as much money as they want, and if they print too much, the value of government currency will rapidly decline under the law of supply and demand.Unlike conventional currencies, bitcoin is designed to act like a valuable commodity, like gold. The amount of gold in the world is limited and with the extraction of each gram of it, the extraction of the remaining gold becomes more difficult than before.It is because of this limited supply that gold has been able to establish itself as a medium of exchange and value storage over the past 6,000 years. "We hope Bitcoin can do the same." Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
BITSTAMP:BTCUSDLong
by detxcapital
1
BTC - Weekly timeIn the weekly timeframe , after the start of a great trend, we gradually saw the size of candlesticks become smaller and also the volume of transactions decreased, which was the first sign to start bitcoin correction. The Doji Candle closed last week after reaching the $ 50,000 channel, which could be another sign of correction. The Ichimoku Cloud Tenkan sen line is flat, which can be considered as another sign to end the uptrend. The peaks of Ichimoku cloud are descending, which is another sign of the beginning of a correction in the market In the Williams Indicator, we have reached the buying saturation zone, which will be another sign of market correction, Which can be expected to go down the -40 line In the time frame of 4 hours, with each ascending wave, we saw that wave shorter than the previous wave until the rsi indicator gave a negative divergence. Currently, support for the Ichimoku Cloud Kijun sen line at 46,800 has prevented further price correction Also, by drawing a corrective Fibonacci, if a correction occurs, the price can drop to 0.5 Fibonacci, which ranges from $ 40 ,000 to $ 41,000. It seems that Kijun sen Ichimoku will soon lose support and the Candle will move to Tenkan sen . In that area, we see very credible support points, such as: Tenkan sen 20-day average Ichimoku cloud roof District 0.5 Fibonacci &... The general trend is still bullish , and if the above scenario happens, we will only see a correction in the market, not a FALL. These are all hypotheses and should not be your criteria for doing business At any moment, the market may be pumped with great news or it may lose all its support with bad news Deal with your own strategy Good luck
by javid67
3