Here on this chart you can see similar patterns forming over the years. i think that bitcoin will continue to follow the same pattern for a few more years. according to these curves bitcoin should be at 200-400k by the end of 2021. i personally think that 200k is defiantly going to happen by the end of 2021. after we hit the price target of around 400k i think...
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get to the chart. BTC broke out of the important resistance around 42k level and is now hitting the support level to retest and continue to the...
#BTCUSD Price is trading in the demand zone and we got the price rejection and waiting for the any bullish candlestick formed once the price close the above channel its possible to moving next resistance level 40628 Why we like it: price trading in demand zone waiting for the bullish Candlestick Formation waiting for the channel breakout 1st...
#BTCUSD Price is trading the demand Area DOJI candlestick formation and breakout the doji in 1hr timeframe it will go for the next level resistance 40628 Why we like it: Price Trading in 1HR demand area doji candlestick formation in 1hr timeframe Waiting for breakout the doji Expect to moving the next level resistance area 1st support: 38415 Next Zone area...
This down move as of writing has finally slowed the acceleration of the record level of COINBASE:BTCUSD leveraged longs. Taking out the consolidation lows would truly see the capitulation. Trade wisely. The reward to risk is greater where there is the most potential pain.
The amount of leveraged long interest in BITSTAMP:BTCUSD is at a record high. There is a tremendous amount of Bitcoin on leverage betting on Bitcoin rising. This also means that there is a large potential for a cascade of liquidations if price begins a down move. I put the probability at 50/50 up or down outside of this consolidation. The character of the...
Upntrend will come out from energy of big wave`s double bottom . First, we can target to $40K located 60MA. I predict btc`s 2nd target will be 50K, but i have to watch after touch the 1st target.
We expect a pullback from the 31K support level, which also acts as a supply zone. The 31K price level is a strong support level, and we see the bear trying to break out the support but can't due to less seller pressure.
I would not call this recent move up a "short squeeze" despite the sudden inflow of margin shorts. There are still roughly 3 times the number of leveraged longs and steadily increasing. Traders still see this dip off the ATH as a "buying opportunity" and have not been liquidated en masse yet.
While BTCUSD Shorts continue to rise, it is interesting to notice that BTCUSD Longs are at record ATH matching Dec 2019 and Feb 2020. BTCUSD continues to remain undecided. It has been a month where trades are becoming unworthy if not too risky. Alts have lost more than 75% of this years ATHs, yet Alts don't seem to nudge on positive announcements either as...
Lets look at all the facts of BTC regarding TA. On the monthly chart– We have had a evening star formation. This is a Reversal pattern. Weekly chart – We are in a weekly sell range and Btc is making Lower lows and Lower highs. Currently in a down trend. Daily – We are in daily sell range. BTC is bearish for the time being. We have liquidity squeezing inside...
You will not believe but growth of bitcoin will be resumed soon. On the chart it is visible that the price draws a figure the dispersing triangle. Many technical itndikator indicate growth continuation. Therefore I expect the movement up at least to level 71580 to the next resistance. Then change of a global trend is possible, but so far to speak about it...
Hi Traders, We are closely following BTC and Altcoins. 2 Possible Scenarios Our next target is : $80,000 Intermediate sell opportunities to $40,000 (30-70%) - However not interested in any SELL from this point. Hope this helps, press the thumbs up for more. Thank you!
In my last update, I said $60k is incoming and we did see a test to $59800. Bitcoin broke out of all the resistance levels without any major correction from $50500 to %59800. IT DUMPED TILL THE $56873 level. I could expect a bit more correction to the $55000 to $54000k area to test the channel trendline but only when BTC doesn't hold the 21D MA which is less...
After some analyization I still see it bullish, I just got knocked out of my last trade for entering late and putting my stop loss above my entery after hitting my TP 1. Same Take Profit Objectives. 48775 Stop loss. Scalping along the way through this CFD whuile protecting profits. I fully expect it to possibly reach 50,275 as a low. POSSIBLY 50,100. Anything...
I am noticing some accumulation as selling pressure is slowing down i can see this going back up for equilibrium
BTCUSD Looks like we have a long opportunity on our hands at the moment. Firstly this pair has been trapped / consolidating between $41,500 and $30,750. Since we have struggled to break support at $30,750 I do expect the pair to bounce back to the resistance of $41,500, as you can see inside our consolidation region we have a descending trend line which is at...