Btcusdlonglongterm
A major WEEKLY sign for the bulls on BTCUSDIts so early in the week, so cannot count it as a thing yet... but had to share, got me excited!
WE can see the first MACD green weekly candle foirming on BTCUSD pair.
that would be so nice to see the week close like this in 6 days!
Of course there are many other indicators showing such strength too... feels like the bull run is on again!
CAN EVERYBODY RELAX? BTC JUST HITED THE GOLDN ZONEIf you look at montly time frame, you can see that bitcoin has pushed to the uppside for very long time without any red candels. and for the first time bitcoin makes a red monlty candel everybody is stressing, panicing and so on. Just please make your own analysis and stop looking for answers and TP on social medias.
Bitcoin touched the golden zone 61.8 on fib retc. And then made a strong pullback, which means we still are in a bull market, but if we would break the 30.000 price level, then it would be a confirmation that we are in a bear market, And remeber that usd might be in inflation. And when there is a inflation, inflation means bull market for crypto.
Just stop stressing and panicing ! and make move by your conculitions and thought, not flowing Social media becus social media will impact you and your analys, money and mind negativ. Just please relax, breath and think and plan about your next move.
Bitcoin making this pullback to 61.8 fib ret, is health, if bitcoin keep making gren montly candels, its means very bad. To be a healty, bitcoin needs to make a pull back like this.
BTC USD Bulls charge ahead -Daily Timeframe Analysis-BTC is now back to an uptrend. The USD has been weak lately and with common financial platforms becoming more inclusive of crypto-- we're ready for green.
On both the daily and weekly timeframe, BTC has some decent resistance over 13240-13350ish. This range is both a previous top point, fib retracement level, and upward slope resistance on the weekly timeframe. Traders naturally took profit at that area and now we're consolidating-- bull flag potential and an ascending triangle seem to be in the works. Bulls need to break through this resistance range to open up 15k+. ETH and other altcoins naturally rallied with this. Keep eyes on that level. Another rejection and we'd fall back to 13k and more likely to the 12930-80 area. Below that there's some support 12121-12330 area. This would not be unhealthy and shouldn't deter buyers, as I see those ranges as areas to accumulate more $$$. 13350 area is what needs to be broken and closed above. 15k &17k would be next target. Watch the USDollar for guidance, as well.
Overview: Bitcoin formed a simetric triangle!!!In Daily timerame. we believe that Bitcoin is into the phase of-re-accumulation. That is a good singal that bullish is prepare for the massive bought of Bitcoin between the November and December we could to reach the $14,000 USD
Also, I want to share the weekly timeframe to look out. We are in the clearly re-accumulation zone!!!
What is mean that?
1. That mean that Bitcoin doesn't going to down below of $10,000 USD.
2. That re-accumulation zone it's another good opportunity to buy more Bitcoin!!!
3. It's the latest once that Bitcoin is doesn't going to the below of $10,000 USD. The most opportunity is to make trading or accumulate Bitcoin!!! So, that is the ultimate opportunity because the bulls are option to buy Bitcoin for medium and long term
But, waoh, we see that in weekly timefrmae Bitcoin is into this re-accumulation zone and then, we see that Bitcoin could to have an objective to reach up the $16,000 USD in medium term.
BTCUSD: Monthly StructureThe above chart is an attempt at showing BTCUSD's monthly structure. As this market enters a sell rotation, it makes sense to be alert for potential reversals in the sub $10k area. Monitor the $9.2k-$9.8k price range for supply & demand imbalance hints. So far, BTCUSD is printing a correctional formation linked to an overall risk-off attitude that started sweeping through the markets as of the end of last week. Barring another 30% plunge in world indices, the risk-off mood will begin fading, and confidence will return to the markets, pushing the prices higher once again.
BTC/USDT BINANCE Where are we going next?To analyse Bitcoin's BINANCE:BTCUSDT future direction, we will use:
Fibonacci Retracements
Trendlines
Traditional Technical Analysis.
To begin with,in order to analyse key levels for BTC; we will use the Fibonacci retracement which with the use of the 0.618 key level we would only begin to buy and accumulate more bitcoin at the levels shown by the green area.
Bitcoin has been trading on a textbook upward trend since the drop before easter, with the Corona Virus and the Quantitative Easing worldwide pushing it further on as this fits the narrative that encouraged the inception of Bitcoin by Satoshi.However, if that trendline is broken, we could go far down and perhaps even expect levels <7200. In that scenario, that may trigger a strong buy area in terms of the institutional long term strategy.
If you are holding Bitcoin or bought in on the last dump to low 9k/high 8k levels, keep an eye out on whether BTC pushes past the last high because if that high is not broken we may be following a textbook bull trap pattern.
Hope you all like the analysis! Will be posting more ideas soon, LIKE & COMMENT Below and Check out the MEGALODON TEAM Tools and Services BELOW!
BTCUSD: Price correction nearing completion! (waves)Hello everybody!
The price dynamics clarified the map of waves.
Expect testing of local lows, after which a bull rally and a rise in the price of bitcoin to 10,000 and higher are possible.
We recommend buying after the formation of a local correction and updating the local minimum.
Good luck to all!
BTCUSD bouncing off 7-month trendline up to $9500-$11000 We are at a very critical point.
The 7 month old trendline (RED) with 10+ contacts, is colliding with the 1 month old trendline (YELLOW) with 5+ contacts.
Due to Bitcoin having already dropped ~45% from it's highest high so far after hopping over the 200 DMA in March 2019, I believe it's time for BTC to continue the makenings of what is going to be the biggest bull run in BTC's history. History does not repeat, but if it does rhyme again, we are looking at $400k-$600k BTC after the halvening. Probably in Q4 2021.
Ok back to today. There is not much resistance between $8800 and $9500.
I believe that since those 2 strong trendlines are crossing, we must see a decisive move either to the upside, or to the downside imminently.
The selloffs are weaker and weaker, it seems like the sellers are exhausted and BTC is going to pump now. If we manage to break the 200 DMA (currently at ~$8800), i think BTC is going to be bought up into the target zone between $9500-$11000.
Of course we might now see a large move to the downside, possibly to $7500, but most likely it will be nothing than a quick wick to the downside as it will probably be bought up so quickly that you are lucky if you get to open a long.
Whether it currently goes up or down, I believe we are at a great moment right now to open up a long term long contract with low leverage. If the liquidation price is low enough and the contract expires in March 2020, then it should be quite safe to earn some nice long term profits.
I have a long term 5x long contract, which has a liquidation price at $7000 and a stop loss just above it.
Let's see if I get REKT with this position, or have I hopped on a rocket ship ready to launch.
BTCUSD Bitcoin SHORT 1 HR Chart#Renkotrade
Hello to all watching my charts
Now Bitcoin has decided to go the downstairs direction.
My channel system are both short and the short journey is
running faster and faster than the last days,
Easy to see, the Purpe Channel is steeper than the Blue Channel
Maybe some of the last buyers now running ot in fear to get
some money back from the money they had invested 2-3 days ago.
As a lot of my viewers agree to get a "direction ARROW POINT " from me
i have added now for today the ARRROW for change in LONG.
(But i daubt that Bitcoin has the power to move to this Long aerea.)
I would say, stay in the shorts ..
Good trades
If you want to support my work and my charts. please like them....
Renkotrade
BITCOIN, YOU SAY BEARSIH I SAY BULLISH!HEALTHY RETRACEMENT!Hello guys,
Sorry have been busy lately so didn't have the time to post any charts.. So after we sad bye bye to downtrend, we have finished wave 5, it was quite normal to go for retracement and we liquefied before that at 8200-8300(8350 personally). And as we were waiting for this retracement after a 5 wave breakout, we have to see where we will this retracement take us or will this be a bear market. Well a retracement is healthy and needed we have our supports lined up from 7500-8000, we broke the 8000 price level and now we are trading below that, the price just bounced from 7900 area and now is trading between 7900-8000. And from what i can see from the graph is that this might be a short-term ABC retracement to 7500-7700 area and we should really only be worried about a bear market coming if we break 7500-7600, and that scenario we should take another look at other timeframe graphs and see what is happening.
So anyone trading BTC/USD if you missed your short position well then you might take the risk and short till 7600 or re-buy at that price. However the bears are really weak in the market now, STOCH oversold in all time frames and demand has dropped shown by the demarker, well even the green Elliot wave is not over yet, so the bounce might be even sooner than we expected. Anyone hodling for long term or looking into buying alts it is a good price to get in.
So I am staying bullish to 10k still and I already sold and re-entered to buy some alts and increase my BTC portfolio and one of the ones I had good call on was XLM and ZCL, so I might lose now in USD but when this retracement is over and we moon to 10k, I will definitely be winning ;)
I have been asked from a member too about etf news.. And yes the news do affect the market however the laws of the market and technical probabilities takes over the news, in other words have higher probability of showing what is going to happen and yes ETF brought a lot of volatility into the market but the Bitcoin bull run did not start due tot that there are patterns which were indicating the bull run way before this(which can be seen in the chart linked below "BTC TO 10K, CYCLE JUST STARTED!" so ETF getting out of the way might push the market price down however that is not what cause the push we had a 5 wave breakout which had to have a retracement which is what we are seeing now so everything is normal and happens for a reason... And anyone who was hoping for ETF getting approved well, Murphy's Law "Anything that can go wrong will go wrong" which is very practical with Bitcoin, however it doesn't mean that I don't want it to get approved, I want it just like you want it but things like this will fail a lot of times before they succeed so we just have to sit and wait.
Good Luck, Traders!