Get started

Bullrun2020

BTC/USD 1/24/2021 11:05 (DEMO)BTC/USD 1/24/2021 11:05 CRYPTO WEEKENDS Fundamental/Sentimental Cot: COT Data has some correlation with BTC but not much, but it still begs the question, where do Whales come from? The banks? No, unfortunately we cannot rely on COT data for the most part, even banks cannot predict BTC according to the correlation between price and fund positions as right now banks have just taken longs, a little too late, as they were slaughtered before taking shorts. News and Events: Secretary of Treasury Yellen has openly announced she encouraged BTC and will likely encourage policies to help the cryptocurrencies in the future. This can bring some optimism to the market, which is precisely what the Whales need to crash the market and eat everyone's longs. Technical Time Frame Analysis: Monthly: Given that this environment is extremely volatile, the monthly will not help, buyers come and go too fast. Market seems optimistic still however. Weekly: Although suspiciously volatile, long wicks to the downside indicate sellers are trying to penetrate into the market, but have managed minimal effects, indicating buyers are still hanging very strong, and especially now that price has gone done, they can regain more buyers, along with the completion of a fibonacci, a new fibonacci retracement. Daily: Given there are structural levels, more possible and stronger fib levels, 25,000 seems like it would be magnetically attractive to price action, especially since buyers have had an over extended period of green. 4H: What a mess. 1H: Incoherent. Indicators: RSI used during Entry Order: None Position: None RR: None No entries were taken, I do not believe gambling is an effective vehicle for profits.
BLong
by Mike_McCarthy
BTCUSD Elliott Wave Forecast - Wave 3 Price PredictionHappy New Year everyone, I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k. I mentioned the likely possibility for BTC to achieve extended wave 3 levels because of it's tendency to overshoot which brings my next target to the first of these extensions of 36.2k. Now, the second extended projection level is at 46.4k, before placing too much focus on it, let's see how this plays out and whether BTC can achieve the first extension level. I feel I should mention... this is a sub-wave count of a larger wave 1 in play but at this moment in time I am not entertaining that far ahead. What I would add to that note is that I am expecting BTC to achieve much higher six figure levels in the coming years. There is a further 'third' extended projection for this wave, more on that level once we are closer to it. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSD
by BeyondEdge
6 hour bitcoin macro view (supply/demand zones) $23,500 (aoi)-Yurlo I've created a different TA (technical analysis) for the 6 hour chart, as i won't be checking on this chart until we retest the $23,500 level which is my current aoi (area of interest) as we need to flip that into support in the next 24 hours in order to develop continued structural support after the latest dump we've seen today. If you have any questions or comments feel free to leave a comment and i'll explain my thought process. Otherwise, please tap that like button for me to support my page to get my on top recent authors in the next 2-3 months going into q1 2021. (the first quarter of price action) Updated visuals after the daily close 👍🏼
COINBASE:BTCUSDLong
by YurloTrades
BTCUSD Elliott Wave Forecast - Wave 3 Price PredictionHello all, First and foremost, well done to everyone who has hodled through the bear run. It has most definitely been a true test of an individual's investor stamina. As promised, it's time to take a closer look at wave 3 with the view of establishing more accurate price forecasts. In my previous ideas, I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). Bitcoin is in pure price discovery mode with no level above to target as previous support or resistance. How high can it go? In my opinion, 24.3k is the next short term price level to challenge. A successful break of that level could very easily propel BTC towards my initial Wave 3 projection of 29.8k - 31.7k. The FOMO and publicity it attracts has meant that BTC has developed a tendency to overshoot in bubble like fashion over the years. That being said, I feel that there is a high probability that BTC can achieve a Wave 3 extension level. The first of these extended Wave 3 projections is at 36.2k. There are two further extended projections, more on those level later. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. I'm interested in seeing what your price forecasts are. Thank you for taking the time. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSD
by BeyondEdge
9
GET READY FOR VOLATILITY (probable bitcoin breakout today)-Yurlo Please tap that like button for me if you liked my last call possibly nailing the local bottom 👍🏼 Price action: We need to flip $23,850 into support (which it looks like we're currently on route to flip s/r in coming hours to prep for pre-breakout) so get ready for another insanely volatile 24 hours and following week to come. Always plan your trade and trade your plan. Will post an update to this TA once we've broken out.
BITSTAMP:BTCUSDLong
by YurloTrades
OCEAN/BTC possible inverse head and shouldersJust wanted to share some thoughts on what I see forming with Ocean. Full disclosure this is one of my main bags and has huge potential IMO. I typically don't like to chart on lower time frames but it's useful in determining reversal patterns. 1. As you can see on the chart a possible right shoulder is forming. Next couple of days will confirm or reject. 2. Currently at resistance below the cloud, if a break into the cloud and further breakout at the top of the cloud will confirm the right shoulder. Cloud is at an inflection point where a flip green or rejection could occur. 3. MACD has had a bullish cross. Unknown whether it will hold 4. RSI looks to be climbing. We really won't see a lot of strength until BTC.D falls more. This IMO could happen anytime now. What most need to realize about BTC.D is during the last bull run it continued to fall during it's climb to ATH. Also Alts are important for Bitcoin's run as well. It's a mutually beneficial relationship. Returns earned on BTC are flowed into Alts and returns made on Alts are returned to BTC and the cycle continues, therefore a continuous loop. IMO that's why such exponential growth was seen at the very end of the last run. We've only had one major cycle of a large amount of new capital being injected into the crypto market during this run since July. Things will get really interesting after the next few injections. We are just getting started....
O
by devinlightart
Possible ETH BreakOut: ETH Feeling a Little Bullish?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! Note: This is not financial advice, nor am I a financial advisor. Therefore, my analysis should be taken with a grain of salt. -------------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: ETH 9EMA is looking to cross the 20EMA, which could have ETH explode to $700. However, we could have a break to the downside if there is a failed RS flip @ the R1. Therefore, be aware of a possible 12% dip, which is very possible due to whales want to bag ETH @ a discounted price. But, in most cases, ETH tends to break out on its 4th attempt @ an area of resistance. Currently, the $620 region is acting as resistance, so keep a close eye on that area for validation.
Long
by AB_Trading-Intelligence
2
XLM/BTC Elliott Wave Analysis - Breakout?Hello all, I've counted this with many different sequences and feel that a Double Three (WXY) combination is what has likely been printed here. It's possible that it continues to correct further to three corrective structures and forms a Triple Three (WXYXZ). I'm looking for a set of five impulsive and composed waves to rule this out and signal a change in the direction of the trend at one larger degree. Follow me for further updates. Elliotticians your input will be kindly received, please leave a comment and feel free to share your opinion. Thanks for looking, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
by BeyondEdge
ALL TIME HIGH ($20000) or HTF MACRO CORRECTION?-Yurlo $18,000+ USD for SINGLE bitcoin..... (1st bull run for learning, the 2nd for earning) I've been wrong since $10,500 and have shorted the local bottom multiple times (this is my 1st year learning how to trade from 0 experience) Where did i do wrong? At $8800 my predictions were breaking the historical resistance ($10,500) followed by an impulse move to $13,800. We topped out at $12,500 and retested the old resistance which now was acting as support ($9800-$10,500) This year I've paid my traders tuition and now I've experienced both macro crazy pumps and dumps. I've learned many good lessons since my first trade (April-May 2020) and I'm excited for 2021 and the future. Risk management #1 Confidence #2 Saucy trading strategy #3 Market psychology #4 Market sentiment #5) We're VERY close to breaking ATH's and entering price discovery but a correction is over due (price being overbought / oscillators high) also don't mean much when bitcoin has its momentum while going parabolic in a bull run (fighting the trend will result in liquidation and blowing an entire account) An expert is someone who's failed in all area's and learned how to adapt Looking forward to 2021 and the rest of the decade as bitcoin further develops and builds a solid foundation going into the future
Short
by Yurlo
5
2020/2021 BULL RUN PRICE PREDICTIONS (started July 27th, 2020)-Yurlo First of all, please do me a big favour and tap the like button or leave a comment on your bias for the rest of 2020/2021 👍 Second of all, this is not financial advice, just an idea i'm publishing to my tradingview for the bitcoin (BTC) community to see) We could easily still go to ATH's from here but we've pumped $6000 since the $10,500 break (historical resistance) which tells me the markets may switch the momentum/direction of the current trend to cool off before breaking $20,000 and finding support above starting a new cycle (or we have another bear market cycle) (bear market ended & bull market started) - July 27th, 2020 (previous all time high) - December 2017) Also last year on November the 13th/14th we seen a -$4000-$5000 candle before wicking back up (this is the next few days) which would be a healthy correction before breaking ATH's in 2021
FOREXCOM:BTCUSDShort
by Yurlo
19
BTC: Is It About That Time To Short Good'oL Faithful ?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: BTC has gone on one hell of a run in which BTC needs a healthy correction to set some support before reclaiming the previous all-time high. Thus, we are seeing the RSI & the Wave Trend indicating that BTC is far surpassed the overbought tolerance levels for an overextended amount of time. Therefore, a short could be in play @ the mid $16.0k levels & the mid $17.0K levels. BTC previously had some light resistance at the mid $17.0K region during the 2017 bull run So, if you are in a recent long position around that time, I would for sure keep in eye out around that region for any "PRE-ALT High Dumps". Also, keep in mind the selling pressure @ the $20.0K levels. It may be a good time to diverse into some Alts if Orange Faithful decideds to correct heavy @ $20.0K And for my unseasoned traders, don't forget, BTFD now vs's trying to FOMO! I have learned that the hard way a few times.
KRAKEN:BTCUSD
by AB_Trading-Intelligence
Mentally Preparing for the upcoming Bitcoin bull run Bitcoin daily time frame from the start of May until the end of December. This post is to mentally prepare us for when a pullback of Bitcoin happens. Hold your position because it will rally back higher than before. I measured the rallies and pullbacks from the peaks and troughs. The yellow line underneath is the 20 week moving average which needs to be held to maintain our bull market. We currently about 41% above the 20 week moving average. A pullback of 30% would bring us to the 20 week. I am extremely bullish on Bitcoin but I am prepared for 20-30% pullback to open before we rally higher.
COINBASE:BTCUSDLong
by richardthick
1
DeFi Tokens Aren’t Taking Part in This Bull Run YetWhile Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off. Bull Run and Subsequent Correction This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the entire uptrend. However, we can see the end of the bull run, which occurred this summer. On September 1st, the entire Crypto market experienced a pullback, and amid a few exceptions (e.g. THETA, BNB), all coins stayed at lower levels for the rest of the month. In October, Bitcoin started gaining strong momentum, rising around 28% and closing the month at a yearly high – that's when the main divergence between Bitcoin and the DeFi tokens appeared. While Bitcoin continued to grow, the DeFi tokens intensified their sell-off, reaching their July levels at -60% from the all-time high. Where to Next? We currently appear to have bounced off the $1,375 level, which acted as support throughout the end of June. The support at $1,375 is the last level that we can see on this graph (due to the index's relatively recent arrival). Therefore if it breaks, we will have to look at the individual tokens to identify other support levels. As the DeFi tokens' price are not correlated with BTC and the rest of the market at the moment, it is hard to tell what will happen next. Today the tokens did follow Bitcoin in its bullish day, but whether they will continue to follow is still uncertain. However, if you believe in the DeFi tokens' fundamentals, then this is an extraordinary opportunity to buy some at a 60% discount.
FTX:DEFIPERP
by cryptohopper
Bitcoin headed back to 20KIf you excuse the corona anomali you will see Bitcoin is currently in a ascending channel and a symetrical triangle while also trying to break resistance. We should see a break of resistance as well as the triangle in the coming days. After which a continuation higher should occur to push BTC out of the channel and back to 20k. We will most likely see a retracement before continuing to a new all-time-high between 40-100k by the end of 2021. Bitcoin broke the previous triangle chart I published early which is a very bullish sign. We are ready for the next bull run friends HOLD ON TIGHT!
BITSTAMP:BTCUSDLong
by Robert_Warner
THE 2020/2021 BULL RUN ~ ($10,500 macro support before ATH's?)-Yurlo Please give this post a thumbs up if you appreciate the visuals on my profile I've posted for the crypto community First of all: I got trapped and shorted the bottom. Second of all: The 1st bull run is for learning and the 2nd is for earning. THUS BEING SAID, I'll be taking this entire bull run to really learn things that only come from experience, and not from learning from video's, books, etc. Third of all: Lots of my posts were bearish but after the $12,490 drop to $9800 my first initial reaction was that we only had seen 2 validation points on the trend line (3 is needed to confirm a trend) ~ so automatically my eyes were drawn to $11,400 (which we just tapped) ~ I had let the fear/uncertainty in the market play a role on my bias and where my perspective was held. That was another good lesson ~ either trust yourself and your own initial bias or go to the casino I've only been trading for 6 months and I'm sorry for calling a bull trap meanwhile meanwhile we've broken the resistance level. Experience brings lessons, lessons bring knowledge, knowledge brings power, and power brings wisdom. Yurlo the bull is back, and ready to buy every dip on the way to $13,800, $16,000, and then $20,000 before we break ATH's and are sent into price discovery. Price discovery above $20,000 will be such a beautiful thing to see, enjoy your weekend fella's. Monday should be an interesting day for the stock market, and crypto market. Note to self: trump is president of the united states and that man doesn’t take any L’s Note to self: stocks & crypto can be bullish even when the world is falling apart
COINBASE:BTCUSDLong
by Yurlo
4