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Btcusdtriangle

BTC - The Launch Pad Is Being Set, Don't Miss It!Looking at the Bitcoin weekly chart we see a beautiful picture that shows lots of opportunities ahead for the crypto market. BTC has broken out from the downtrend line that has held the price down for 3 years now. We have what looks to be a confirmed breakout from the large symmetrical triangle that has been forming. BTC is sitting on the 21EMA, and the 50EMA is right below it. So far things are playing out nicely, and I believe this push down is just a retest before we see some big moves in the coming months. We have many bears calling for a large flash crash or dump, all the while, Bitcoin is setting a launchpad for the parabolic future ahead. I believe many traders were burned in the bear market and have formed strong trading fears because of that. From a technical perspective, we have seen higher highs, and higher lows consistently for many months now. So the behavior of the market has changed. Also, keep in mind the growth of stable coins across the board has continued to rise at a rapid rate of 3x over this year alone. We also notice Bitcoin has created its first higher high on the monthly chart since 2017 and managed to close above the $10.8k monthly resistance. We have many altcoins making new all-time highs and breaking massive resistance levels that have been set in place since 2017. Clearly the market behavior has changed right under everyone's noses and very few can see the forrest between the trees. We have more hedge funds, billionaires, and large entities cheering for Bitcoin, while accumulating then we've ever seen before. We have a new Comptroller of the currency with a crypto-based background that is making strong strides for a digital dollar in the near future, we have banks officially allowed to provide custodial services for crypto assets, we see the defi space has been exploding, we have more regulation in place than ever before, and new companies everyday adopting blockchain technology. There are many, many reasons to be bullish on the crypto markets from a technical and fundamental perspective IMO, I've only listed a few. We have people calling for a close of the CME gap, its possible, but I see that as a great way to set up a bear trap/short squeeze since many are saying the gap HAS to close, nothing HAS to happen... In fact, often times the opposite of the crowd's expectations happen in these types of situations. I'll be patiently waiting for the market to reveal its hand. Be aware, this does not mean the market will not push down further before making a large thrust up. It's possible we see a test of the yearly pivot around $8,000 before seeing a large bounce. However, I see that as the less likely scenario, but we'll see how the market plays out over the coming months. Please keep in mind, not only has the chart turned bullish for bitcoin via making higher highs and lower lows, BUT we also see the fundamentals have completely shifted for the crypto market. If the chart looked identical, but it was 2018/2019 and we did not have the FED deploying mass quantitative easing, I would agree that the crypto market might not be ready for parabolic growth yet. However, this is not the case. The financial markets have had a major shakeup since the event in March, this has caused many markets to awaken from their slumbers like Gold, Silver, and some currencies. In a world where many banks, airlines, and other large corporations are facing strong financial hurdles requiring loans from the government, we will see a behavioral shift across markets as a result. Since March the dollar has continued to lose its strength, devaluing for months now. The FED has announced they will do whatever it takes to keep the "economy" afloat, but we know that really means the financial markets via mass money printing, which will cause the dollar to continue to devalue over time. The FED also announced they will allow inflation to rise so they can continue to stimulate the economy, for all these reasons, and many more, I believe the crypto markets along with the Gold & Silver will slowly rise as these events continue to unfold. Stay safe, stay level headed, and keep looking forward.
BITSTAMP:BTCUSDLong
by CryptoSyphn
6
BTC/USD - Shorts are no longer relevantGreetings, colleagues! Two charts above dropped to understand that the situation looks pretty strong on the monthly and weekly TF now. Therefore, taking into account the continuing USDT print, there is no reason to panic at all. The whole beauty of the USDT seal is that you can not let them on the notorious paper futures, the trading volume of which is about 85% of the total bit trading volume. Locally rolled back to the previous resistance zone, which now became support. There's no panic. We have to keep growing. Shorts are no longer relevant at the moment. It was just a scalp against the trend, but with a good setapa. The price hit the local support of $9065-9250 and bounced back. It was very appropriate to continue the growth. I hope we will grow a little more from here, but just in case we don't forget about the stops.
Long
by Valeriia_Top
5
Bitcoin in Short with 5 Proofwhy Bitcoin it'll dumping again? 1 : Btc have bearish engulfing on Weekly 2 : We've now Bearish flag and when break it down the stick of flag touch old bottom 3 : Bitcoin Had correction And touch massive Resistance 5800 equal 0.5 fibonacci and bounced. 4 : Btc Trading now under 200 Ema weekly and we aren't brouck it 200 Ema since 2013 5 : The world in crisis Economic by Coronavirus my evidence for everyone trading in Btc don't forget Stop loss under 4700. i hope to support us by follow and like.
BITSTAMP:BTCUSDShort
by Ahmedbouchaibi
1
Bitcoin [BTC] Descending Triangle: Another Chop IncomingI believe this descending triangle on the 4-hour aptly explains market movements. The markets were completely bullish after the break on the 25th. Moreover, it again rose on the following Sunday re-establishing the belief. However, the bulls have been losing strength since then, hence the formation of the descending triangle. As you might notice, I have ignored one wick on the upper side on 28th when price reached $9950. However, that was an isolated event motivated by CME due to the weekend gap. It hardly affected the sentiments. The market looks prepared for a move either side, I would pay attention to a break from this triangle.
BITSTAMP:BTCUSDShort
by nivishoes
Are we about to break through the cloud right now? You wish.Over the past couple of weeks, we have been trading in a symmetrical triangle which is usually a trend continuation pattern (bearish currently). Which makes me think that a potential retest of the yearly low (support) is likey. Overall I believe that breaking through the Ichimoku Cloud, which sits around $100 above the symmetrical resistance line, would be extremely bullish, and would invalidate my current analysis. This year has been tough for many traders, including the experienced ones. After a major bearish correction, there should be a defined double bottom at yearly support (which is what I'm currently waiting for), followed by a long accumulation phase. I am not sold on the idea that we could go up from here, we need to retest support and wait for capitulation to occur. Which is why my capital is (relatively) safely stored in usdt, and I am not looking to enter trades until clear resistance is broken and big moves are made. When bull season comes, you won't care about having found a perfect entry point, because your portfolio will do 100's of % easy anyway. Now, it is best to wait for a safe signal to enter.
Short
by maxbaehr
O M G !! Again a Bearish Pattern in the Bitcoin Chart ??Hello Guys, BTC , 4H time frame looks like to form a Rising wedge chart pattern, which is a bearish sign. If it successfully forms , then we might see the price of the bitcoin @6200$. In 20th Jun, bitcoin successfully formed the rising wedge pattern & the price of the bitcoin reaches from $6800 to $5800 and forms all time low of 2018 year. Now , the price of the bitcoin is @6580, for complete the Rising Wedge Pattern, the price needs to goes $6800 level. In upcoming 1-2 days a bullish move towards $6800. *****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..****** Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. " Be Happy, Be Disciplined & Keep Smiling "
by iamiyaranjan
Bitcoin - 7k for sureHi folks, this is another update for BTC. As you know from my another analysis, I predicted the 10k to be the end of the uptrend. The price literally touched this level and went down. What´s gonna happen now is a real question and the situation is very unsure. We are on the support level of the trend, so you need to check the situation very closely. In my opinin we can retest the white trandline (so level lik 9700) and than is th direction down to 7k levels. But what we don´t know yet is if this was: a) 1st wave of an uptrend and this will be pullback (wave 2) - in this case we would get only 7k levels and massive uptrend afterwards b) this was only correnction of the downtrend - in this case we are going under 6k By the sentiment I would even say this could be a 1st wave, even if it would be very unhealthy for BTC, because the cycle would be totally unfinished. But people want to push it upwards really. Anyway, short term longs may be placed here with a target of 9700-10000 USD. Mid term is short view. EW fails if we break through 10100 USD. Thanks for checking this, please don´t forget to hit like and follow button if you want to get such ideas in future! :)
COINBASE:BTCUSDShort
by Blockspacecz
1
BTCUSD Bulls vs Bears. Who's going to winAs it was predicted by our team the price went out of triangle around 23 th March. We expected further growth till Fib 0.618 resistance level, which should be followed by a consolidation and correction wave. In case of completion of this scenario there should be inverse head and shoulders pattern and further growth. However, volume decreased and bears were stronger, the pattern was broken. Currently there are 2 possible scenarios: 1. Psychological support level will be broken, Bollinger Bands contraction will lead to the sharp decline and price will move to the triangle again, Stoch RSI status supports this scenario. However it will be the last time because the price reached a right vertex of the triangle. Most likely that the price will break it upward again and there should be a huge volume increase which will bring the price up. So there are possibilities to short BTC 2. Psychological support level will hold the pressure and Bollinger Bands contraction will lead to significant rise till Fib 0.618 where a consolidation will start which will finish a new inverse H&S pattern. In case of this scenario BTC will reach Fib 0.5 which is around $12 600. Conclusion: Probabilities of scenarios are 60% and 40%, moreover we have already opened a long position, that is why we are neutral to these movements and we are going to hold BTC. Our recommendation: If you like risk and have BTC try to short it, but if you are a risk averse person just hold If you wait till the good moment to enter then just wait till uncertainty will end and the descending triangle which like a magnet pulls the price will be passed. Alt trades are risky now, so be careful, when there will be good trade opportunities we will provide you with profitable signals.
BITFINEX:BTCUSD
by Skyrexio