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Bticoin

BITCOIN Price TargetsWhat's up everyone! 😃 I wanted to share this pattern on the 4h BTCUSDT chart, that as you can see, i've tweeted about a couple of days ago already. This time I made the target area s more visible in the form of the grey boxes . The green and the red horizontal lines marked by arrows, are the confirmation areas that we need to break and confirm above before further movment into either direction. If we look at the target areas on the downside , we have to keep in mind that if they don't hold and we don't find a bounce there, it could be seen as a strong confirmation for a bear market On the other hand on the upside we have a lot of resistance before Bitcoin is oficially back under the bull's control. Also please check out my video 🎬 that i posted yesterday. I point out a very scary situation that is developing on a larger TF of Bitcoin. I hope you enjoyed this post and that it was worth your time, any ❤ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting! Happy Trading! ✌❤📈
by DeFeye
3
40K is highly likelyMorning folks, Now you understand our doubt on taking any long position on BTC by far. Despite our H&S setup has tried to show upward action with some bounce and was with relatively low risk, BTC once again shows its dependence on interest rate performance. The recent fed minutes release just has crushed it once again. We really hope that BTC will be able to avoid serious bearish consequences, but now situation is becoming more tricky. Anyway, as we suggest that 10-year yields should rise at least to 1.8% area, it makes very probable BTC drop to 1.27 extension of 40K area. Drop to the next 35.5-36K target is also probable but to say it definitely we need to see the performance to 40K target first. If it becomes the same way as yesterday, then yes, BTC follows to 36K as well. That's being said, now we do not consider taking any new long positions. Besides, we do not have any patterns and other technical reasons to do it by far. Now BTC price shape accurately repeats the shape of consolidation on daily chart after the May collapse. Let's hope that this duplication continues and BTC keeps chances on the reversal from current levels.
COINBASE:BTCUSD
by Sive-Morten
2
IOTA Looking Hot and Bullish. 🔥 & 🚀Following my previous analysis, IOTA is ready for a historic breakout and it looks like it will not be going down! A 4h candle above that red trend will be a good sign for IOTA and although bitcoin seems a bit poor, I will personally buy some more IOTA. BTW as you know, The IOTA Foundation recently announced that they are looking to launch smart contract capabilities for IOTA ; Bullish Dear Traders, I have just started sharing my ideas: Will continue this and improve the quality of my analytics over time. it would be nice if you push like and follow me if you liked.
Long
by CryptoSideway
Ethereum Classic ETC will rise again! first target 169 then 180!Hello traders, You see here a 30 minute chart of ETC Ethereum Classic. This is update from my previous analysis on ETC. I see ETC moving back up towards our first target 1 of the previous analysis at 169. After that the all time high will come back into view at 180 USD. Please note the inverted head and shoulder formation on this short timeframe! Volume is currently still low but these coins like to retest old tops. For the medium term, I remain bullish on Ethereum Classic. There is simply enormous interest in this coin and we can already see this from the massive volume seen during the rise. Keep a close eye on the support levels and place stops to protect your capital. Please keep in mind that the neckline of the inverted head and shoulders formation has been broken and will almost sure retest but then ETC is ready for the targets 169 and 180! Happy trading! This view of Ethereum Classic is purely my own opinion and absolutely no investment advice. Always do your own research before making a trade.
Long
by PegasusTechCharts
6
BTCUSD trade idea The current market is bullish and not bullish at the same time. Not sure what gonna happen first, 45k or 68k. If BTC will break above 60k and it will hold that level it will be 80% chance that the market will shot to the upside, otherwise we will see a deeper correction. My last 2 traders ( shorts) end up with some loss, and I am looking to open a trade buy the market is too noisy. Sell in may or wait and pray? Or no trade will be the best trade. I will come up with my upcoming trade ASAP. Have a good week you all!
by tmsarn
Bitcoin looking for downside. Hello everyone, Today is a quick post. As you all know I have been calling for a downside to at least the $45,000 level for some time now. As each day goes on we are seeing more and more signs of bearish behavior both on short term and long term charts. The weekly MACD wants to transition from waning buying momentum to increasing selling momentum. Here are the technicals. 1. On the Hourly charts there is very clear Bearish Price action where as price drifts up volume drifts down. 2. The Daily timeframe has tested and failed to close above the 50MA 3 times now. Things generally happen in 3s when trading. I am expecting another leg down here soon. 3. The Daily timeframe has closed below the 50MA for 3 days now and we should expect to see the 100MA hold price as support around $48,000 to $50,000. 4. There is a clear bear flag on the 1 hour timeframe with a bull trap showing an inverted head and shoulders rejected at the neckline of $57,000. I believe in order to breakout we needed this pattern to succeed. 5. There is now a Head and Shoulders pattern forming on the 1 hour chart. The neckline is $55,000. Breaking this level will quickly move us back to $53,000 then $50,000. 6. There is market exhaustion price action on the weekly and bearish price action on the Daily and Hourly time frames. With all of this said I am still heavily bullish. I believe this is the chance for the market to take the breath it desperately needed. Along with that, I believe we will see hard pump to the upside after slowly drifting down into the $40,000s. My time frame on this happening is by the middle of May. As always, sue risk management strategies, be patient, and good luck trading!
COINBASE:BTCUSDShort
by RomanXIV
1
BTC - D1 - 50% FIBONACCI RETRACEMENT @ 52401 FILLED !D1 : Ongoing bearish price action; failure, yesterday, to recover and hold above the current downtrend line resistance (57000-57500) triggered a new wave of selling pressure which pushed down the BTC towards a low so far of 51503. After this decline it is natural to see some recovery which is expected once again, in this current condition, to be relatively limited, for the time being. In order to neutralise the current downside risk, calling for further downside towards the 61.8% Fib ret @ 50187 ahead of the strong support zone on the psychological level of 50000, BTC need to quickly recover, firstly above the Mid Bollinger Band, currently @ 55742 and secondly above the downtrend line above mentioned. ONLY SUCH KIND OF PRICE ACTION WOULD CONFIRM A TREND REVERSAL ! Watch H4, H1 and M15 to get intermediate signal (s) Have a nice trading day. All the best Take care
BITSTAMP:BTCUSD
by Ironman8848
BTC - D1 - SECOND CLOSING BELOW MID BOLLINGER BAND !D1 : For the second consecutive session, D1 closing has been below the Mid Bollinger Band. Indeed, yesterday's price action, despite a new upside of MBB attempt, finally triggered a "doji" pattern = uncertainty and indecision. Watch ongoing price action and keep an eye on the 50% Fibonacci retracement @ 52401 as the next important support level. Important to note the "fragility" of the 54000-50000 trading zone and we may see a "mirror effect" of the price action seen on 8th and 9th March. As already mentioned the psychological level of 50000 coincides roughly with the 61.8% Fibonacci retracement @ 50187 of the 43021-61781 rally. Last but not least the D1 clouds support zone is also around 50000... Watch also carefully price action on shorter time frames, H4,H1 and M15 Have a nice trading day All the best and take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848