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CAUTION It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups. I believe this is the 4th or 5th correction to this magnitude. Things look pretty swell from where we came from this year and last and hope it can continue. We just had a crossing on the weekly MACD and things are looking ripe for maybe another push higher. RSI on the monthly cart is also declining from overbought territory. There was a similar run up and fall in price action and when BTC futures started trading on CME compared to the COIN listing recently. Regardless if you are HODLING forever or just trying to make quick movements in the price action of shitcoins it looks like we are taking a breather and could be something other than a correction. I'm remaining on the cautious side with everything else thats developing across world markets and in the US. That's all folks
BITSTAMP:BTCUSD
by moonman777
2
BTC Dump Breakdown!!BINANCE:BTCUSD BINANCE:BTCUSDT Hi , so as you all know that we are having a significant dump because of different fundamental and technical reasons such as overextending price in a short period of time and bearish news and ...!! So currently we can't claim that the pullback is over or we will continue dumping , the best thing that we can do is to wait for the market to play it's moves and when we get bullish signals we can get back in and open long positions. Currently we are in a high traffic area and we have support both from market structures and the 100 D EMA , so if we hold this level we can monitor the price action on lower time frames to look for bullish signals to confidently claim that the pullback is over. But of we can't hold this level too we will head towards our next support level witch is at 43k to 45k levels . At this level we have 21 W EMA and market structure support . The 21 W EMA is a strong support for BTC market overall and in different bull markets we retest this support many times and it's a normal behavior , so if we get support from this area and shift from lower time frame bearish market to lower time frame bullish market we we will wait till we get one of our valid entry signals and safely open our trades and enjoy the rest of the Bullmarket . But if we break this level too we can officially say that the bull run is over. So anyway trade cautiously and if you did found my idea helpful consider leaving a like and sharing your opinions with me by leaving a comment . Thanks ;)
BITSTAMP:BTCUSDLong
by arshia3h
Bitcoin Crash ?!!~_~BINANCE:BTCUSDT BINANCE:BTCUSD hi guys , I was seeing all the hype with btc making a new ATH and all that and I wanted to just warn you all about this divergence that has been forming on the charts for a while now. So according to what I see on the charts we will continue moving up probably to price target of 1.618 Fibonacci level witch is nearly at 57500 in the next 1 or 2 weeks but what I'm saying is that we should trade very cautiously at this point and keep an eye on these levels because if we hit the line again and also be in an euphoria we will have big downwards movements in my opinion. So all I can say is to always trade cautiously , always take profit and don't be greedy. If my idea was helpful please leave a like and comment your opinion for me and consider following me for more content!! Thanks!! (¬‿¬)
Long
by arshia3h
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile) This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict. Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly. ($110 range for higher demand, and $101-$103 for the lower demand range)
NYSE:THO
by rickhubbard10
ETH $2,200+ or $1,000ETH also printing similar to BTC. Following the momentum, FOMO, and the trend we have the possibility to break to the upside giving us a technical target of $2,200. Immediate Buy Zones are $1400 $1100 * Bearish patterns in the crypto market can quickly become bullish. * Corrections of 30-60% will come if you are trading be prepared. * Everyone is a genius in a bull market - while you are buying others are taking profit on 1,000+% gains. Keep this in mind the higher we rise.
COINBASE:ETHUSDLong
by GlobalHealthWealth
2
Is it too late to long Bitcoin?Feeling late to the crypto party? Please friends keep in mind that less than 0.5% of the planet are long Bitcoin yet. As I have said, even on the terms of thinking generationally, we are still in the genesis. As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth." My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips". My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates. What happened with Bitcoin literally this week? Fed comes out publishing a paper mentioning strengths the DeFi network will bring to consumers research.stlouisfed.org Fed's academic paper literally mentions wrapped Eth -right on their website. Miami FL proposes for local taxes to be paid in Bitcoin, and for employees to have a percentage of wages paid in Bitcoin. nypost.com Nigerian Senate advises that "Bitcoin has made our currency almost useless or valueless"... just shocking Jack Dorsey & Jay Z invest 500 BTC to make Bitcoin "Internet Currency in an endowment to fund development in Africa & India" techcrunch.com BNY Mellon (America's oldest bank) offers institutions access to Bitcoin www.wsj.com JPMorgan co-president and COO Daniel Pinto has said that the banking giant will support bitcoin trading if there is client demand for it. Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. www.theblockcrypto.com Additional Citation: finance.yahoo.com www.cnbc.com twitter.com
BYBIT:BTCUSD.PLong
by ZenMode
11
Bull flags explainedBull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on some of the examples. The liquidity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long position once the price confirms support back inside the pattern.
Education
by Worth_The_Ri5k
Master Buy & Sell "Bitcoin (BTC) Cheat SheetBULL MARKET TOPS = A TAD BEFORE 2nd BLUE LINE FROM PREVIOUS PURPLE LINE BEAR MART BOTTOMS = 3rd BLUE LINE FROM PREVIOUS PURPLE LINE GREEN ARROWS = BUY RED ARROWS = SELL *Blue & Purple lines are 1 year apart from March each year & clearly call the bottoms and tops of the Bitcoin cycles. Nothing special, but this gives a rough idea of when to buy and sell. I was originally trying to find confluence with the halving dates, but this seemed to work out perfectly, so I couldn't ignore it. Of course, Bitcoin can diverge, but the halving cyclical nature of every 4 years really keeps Bitcoin cycles fairly predictable. The good news is that we still have quite some time to go until the top of this cycle and of course there will be corrections along the way. Happy Trading!!!!
BNC:BLXLong
by CaptainCanuck
3
Potential Head & Shoulders, May See Crazy Lower Levels!Bitcoin could potentially be forming a Head & Shoulder pattern which if this plays out can be short term bearish for bitcoin. We can see levels like 25k possibly for the last time which would be really good buying/longing opportunities, before continuing the bull market and seeing crazy price levels. Right now we are in critical levels and can see bitcoin go either way. Best thing to do is stand back and watch the charts until a real pattern plays out to get the safer entry!
COINBASE:BTCUSD
by aberajab
Double Bottom OR Create New Lows?????After Bitcoins 27% dump we are now getting a retracement to the upside and consolidating around these levels. Was looking to see if bitcoin could break its previous local top at $36,374 (Green Box Area) but seems like we have got rejected. Now it seems like Bitcoin can be setting up a double bottom (W formation) and consolidate around these levels a little bit longer before making another big move. For this to play out we would need to make a higher low and cannot break the $30,336 price point or this will be bearish. If we break this level we can see some lower levels and wont be expecting a bounce to the upside... If we make the higher low and start heading up that could be a nice long entry as we can start seeing some higher levels!!
BITMEX:BTCUSD.P
by aberajab
Bitcoin Forming a Double Bottom (W Formation) Before New Highs!!Bitcoin looks to be setting a bigger W formation which is also known as a Double Bottom. We have created a higher low which we will need to stay above the $38,652 price point for this to fully play out. If you were to enter this trade the previous low "$38,652" would usually be the stop loss. If the double bottom plays out, typically it will not break the previous low so catching this would be the perfect price entry. This pattern is very well known with Bitcoin as it has done this many many times before setting newer highs. As you can see in the photo above, these are more examples of a double bottom (W formation) which we see numerous amount of times with Bitcoin. This is a great way to catch bottoms by either catching a long or even just buying the dips. Great pattern to always keep an eye out for as it plays out perfectly most of the time especially in consolidation phases or after correction!
BITMEX:BTCUSD.PLong
by aberajab
General Bitcoin Prediction Over The Next Two YearsHere I go over my Bitcoin chart which has an emphasis on long-term trading trends. I briefly explain the chart, indicators shown, and explain how Bitcoin is at the start of a new market cycle. Next, I give a very general analysis for the next two years for bitcoin. I explain how $13,700 is a critical point that we need to get above and hold. Furthermore, I mention Bitcoin could see upwards of $30,000 in the next two years, but it will be volatile. Finally, I want to mention, this is a very, very general analysis. I believe Bitcoin will go as high as $16,000 in the coming months and if we get above the $20,000 mark by the end of the year, I think the new bottom would be $10,500 - $13,300.
COINBASE:BTCUSDLong
by austunutsua
4