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Bitcoin Double Bottom Breakdown/Potential Head and Shoulders The 4 Hour Intraday Chart is still showing a bullish bias within the Wyckoff Distribution range. Confirmation played out yesterday as Bitcoin first fell to the $9,600 support level (in an epic shakeout) then moved higher to the high end of the range, topping out at $9,940 before turning lower to $9,440. The initial price projections (Based on a Point and Figure vertical count) on the 4 Hour chart show BTC should have targeted $10,680 on this rise, but upper trendline on the 1D held, reversed the advance at $9,440, and now appears to be setting the stage for a potential head and shoulders reversal. One significant item to take note of is the column of O’s formed on the last drop to $9,440. This did two noteworthy things: 1) it created a double bottom at $9,460 (which is a bearish pattern in Point and Figure), and 2) signaled a sell on a double bottom breakdown when it pushed further to $9,420. Based upon the recent entry into a Wyckoff Distribution phase, the 1D trendline acting as resistance on the daily, and the 4H Intraday Chart activity signaling a double bottom breakdown, I would imagine a retest of the double bottom breakdown at $9,420 should happen in the near future, with a potential further breakdown. The target price of this breakdown would be $9,920 - ((24 Boxes * 3 Box Reversal * $20 per box)*2/3) = $8,960.
COINBASE:BTCUSDShort
by FOFAgent1
💥 ETHEREUM / DOLLAR 💥Hello, dear subscribers!💋💋💋 🧐🧐🧐Yesterday, many people asked me to check some Altcoins :) Let's start from Ethereum.☝🏻 ⭐On the chart, I noted how strong jumps in the price of Bitcoin affected the price of Ethereum.⭐ That confirms, that Ethereum and Bitcoin have a direct relationship.🤝🏻 We are on the rise now.🚀 👉🏻If everything goes according to my plan, which I’ve been telling you for several days (who doesn’t know what I’m talking about, see the links below), and bitcoin will grow, we will see a continuation of the upward trend.☝🏻 That seems to be all.🤷🏻‍♀️ 📌No one knows for sure, what will happen next. You need to analyze more often and everything will be fine. 😊I wish you peace of mind and don't forget about self-development👩🏻‍🎓 I stay with you💋 Love you♥♥ Your Rocket Bomb🚀💣 👇🏻👇🏻👇🏻Link on my idea👇🏻👇🏻👇🏻
BITFINEX:ETHUSD
by RocketBomb
10
LINK most agressive gainer! UVU cheapes - grab it ! Now Link is one of the best investition right now . Also look at UVU because the price was fall till support and for sure right now will climbing . Remind that at end of March / start of April will release new features like OWN exchange and crypto atm device !!! Chainlink should swap even BNB in next weeks YOU WILL SEE . Please read about my recommendation in new crypto market #UVU BUY : www.hotbit.io CHECK :https://coinpaprika.com/coin/uvu-ccuniverse/ SITE : ccuniverse.org I am suggesting to invest in altcoin like : UVU which is new coin but with great perspective. Why UVU ? Because their unique vision based on crypto atm and recharge stations for electric cars . This european project got first successes behind them like listing on big Hotbit Exchange - You can trade there without K-Y-C so registration is easy and fast - brilliant model for less experienced users. Look into it: www.hotbit.io Moreover the price is still cheap it means BIG space to grow . Team predicted that price for 1 UVU should be a round 0.2 USD in March and now its just 0.0028 USD ! Also the cirrculation supply isnt big so it also work for future profit because many coins could be in Yours hand for less payment . Think serious about investition like this ! Also You will help to grow whole market because their mission to assimilate devices like Crypto Atm to local society . coinpaprika.com Check the chart :
KRAKEN:LINKUSDLong
by profitable_Meduza
Bitcoin : Best or Nothing 2 !Hello Traders. First of all , if you think this analysis is useful to you, press the LIKE button after read ) More importantly, let's get into comment sharing! Let's start. Bitcoin 1W Chart Status : Although there is more time for the weekly closing now, our old support has been resistance in the current situation. When we look at relativity, it is obvious that we see a momentum weakening. But prices of 8400 are due to Fibonacci 0.618 point. short positions will go to profit realizations and reduce the density a little more. Due to this weakening of momentum, we must definitely enter with small positions. (%0.25) When we look at the condition of the Terminals: Crypto Terminal Status in Adaptive Period : The increase in the hash rate supports the long position, albeit slightly. Miner's data did not show significant changes. However, an increase in the Transaction Volume Average is required to realize this position. This gives us a convenience like this. If the price is going to drop and there is no sudden drop below Fibonacci 0.618, the drops should definitely be in the rising volume: Long position argument then also gets support from the market. Crypto Terminal Status after the last 29-week summit: There is a nice detail here. Although there is a downside in miner data, the hash rate increase is on average more than %73 compared to the previous peak. There may be some antidote to increased COT Short Positions. NOTE: Those who want to enter now should definitely keep their Stop-Loss tight. And this results in a transaction with high financial leverage. And the risk / reward ratio at the current price is absolutely worthless. If these regions (Entry Level : 8452 - 55 ) are not realized, as I stated on the chart: Long Position can considerable Permanence Over 9349.4 Short Position can considerable Permanence Under 8452.6 This time I wrote the parameters on the chart. My entry level is to check the available technical tools in case the regions arrive: Permanence Over 8452.6 Important Reminder Therefore, if these regions are not exceeded directly and do not break down, please review the status of your own indicators when the regions arrive. Do not any pre-orders for any direction. Best regards.
BITFINEX:BTCUSDLong
by Noldo
3
Is this chart showing us some heightened emotions?I want to be super bullish on crypto too! But there is something about this move that rubs me wrong. This chart is showing me that this is more emotional based trading and the momentum is likely not sustainable longer term. I literally drew the first speedline (recent action) and just copy and pasted it to the other runs and they fit almost perfectly as you can see. Kinda odd. There are alot of peeps on YT and CT calling for never below 10k again and 30-100k predictions for EoY as well. Im not short yet and will wait for my edge to tell me to do so, but had to get this off my chest. 🤔🤔🤔 Thanks for viewing and have a wonderful humpday! =)
BITSTAMP:BTCUSD
by nonoiz
Bitcoin price action under the 200MA on 1D. Bitcoin price action under the 200MA on 1D. H&S pattern was printed and actually BTC broke to the downside. We might go a little lower just to burn the over leveraged longs completely, but we are due for a bounce & test of the 200MA again. It is not going to be too obvious, though. Too many people bidding like crazy for those 8200$-8300$ levels. Time will tell. Even though we are at a logical level for starting building a long position you should be aware that longing BTC now bears bigger risk than normal.
BITSTAMP:BTCUSD
by megaprofits
BTC | Buy Signal @ Golden Pocket SupportThis is why I think, Bitcoin might have triggered a Buy Signal. 1. Bitcoin has a support at its " Golden Pocket Ratio ". 2. Trend channel might stop the down turn. 3. Fear & Greed Index for Bitcoin is at 17 , which can be seen as a contra indicator. 4. Bullish turnaround candle today If Bitcoin can make it to close over 7500 USD, we might see the beginning of a rally and the dip below 7500 USD was just a fake move. More updated coming soon.
COINBASE:BTCUSDLong
by IndexVision
1
Bitcoin has course to $7700 !Hello, Traders! Monfex is at your service and today we overview BTC/USD . Bitcoin in a short-term is able to reach the resistance zone, where the price will meet with MA200 and it will be possible to consider the short position. But an indicator analysis is currently negative. A rejection of this idea will be the surrender by bears of $ 8350 . Resistance zone ~ $ 8120 - 8150 Our target support zone ~ $ 7765 - 7700 Market Cap $144 431 620 417 USD Volume (24h) $17 156 888 397 USD Circulating Supply 18 008 300 BTC Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
COINBASE:BTCUSDShort
by Monfex_UK