BTC Bounce from $58,000: Heading Towards ?I've been closely tracking Bitcoin's price action, and my latest analysis suggests that we may be witnessing a significant bounce from the $58,000 level, a strong support zone. After a recent dip, BTC is currently trading at $65,655, and based on key technical indicators, I expect it to rally toward $74,000 with a couple weeks.
however It's only a matter of price breaking above the 67000k resistance level as shown on chart. So this is a key level to watch
Key factors driving this prediction:
Support at $58,000:
This level has historically acted as a strong floor for Bitcoin, with previous bounces leading to upward moves to retest 63k +- 1000points resistance range.
Volume and Momentum:
Increasing trading volume and momentum indicators are pointing to a potential upward continuation.
Moving Averages:
BTC is currently holding above key moving averages, reinforcing the possibility of bullish momentum.
Market Sentiment:
With recent developments in the fundamental space, sentiment is leaning bullish, adding further conviction to the potential for this move.
If this analysis plays out, we could see BTC pushing through resistance levels and reaching $74,000 in a couple weeks time frame ideally. Keep an eye on these key levels as the price action unfolds.
MCG
Cryptoprediction
Bitcoin Showing signs of returning to 🤯$60,000.00 You read that correctly BTC better known as Bitcoin may see a return to the 60k range.
What you see before you is a 1 month reading of the Bitcoin market year 2023 - 2025 - at any point and time Bitcoin can see a major run within the end of 2023 and 2024 mark, be expecting a few crashes here and there but the overall prize is that $60,000 run, so best not to mess things up.
After almost 2 years of low tide we bitcoin holders may reap the rewards soon enough.
Be ready BTC fans the ride up is getting close.
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
Will $BTC Break through? (NFA)Will CRYPTOCAP:BTC Break through?
For those keeping an eye on Bitcoin's price movements, it can be difficult to predict what's next.
There are a few factors that could impact BTC's future price movements.
On the one hand, if large institutions continue to invest in Bitcoin and positive regulatory developments for Bitcoin continue, it is possible that BTC could break above $30,000 again.
However, if there is a general downturn in the cryptocurrency market sentiment and demand for Bitcoin decreases, BTC could fall back down to the $23,000-$25,000 range.
Keep an eye on these factors and stay informed as Bitcoin's price movements can be impacted by a variety of factors.
DOGE#DOGEUSDT #CRYPTO
Most people see a sell position on the charts for altcoins, but some, like ADA, have reached strong support of 0.3.
Many people say chart
#DOGEUSDT
It gives news about the future. By checking the chart in the daily time frame, I concluded that:
It breaks the trend line and completes the Pullback, and goes up
But does this mean changing the downward trend to an Uptrend?!!!
In my opinion, no
Daily Bitcoin Update [1]From now on I will be doing a daily Bitcoin Analysis update EVERYDAY for FREE.
Since this is the first official Daily Bitcoin Update, I have added the number 1 to the title.
In this update I am recommending stop loss moved from $20,717 to $21,412 in profit. (Entry price was $21,112)
The reason I am calling for this stop loss adjustment is because there is a higher chance of us going down now than before.
I still believe we have a decent chance of going up so lets keep the trade but move the stop loss in profit, this way this trade becomes risk free now! ;)
Follow me to never miss out on my high quality crypto market analysis and updates, for the price of 0$!
ETH if unable to BO & hold 1700, sub-600 zone may be nextAfter a bear flag correction, ETH has made a temporary bottom at the wma300 level of 880. However the big red downchannel from ATH of 4868 is still putting downward pressure. For the last 2 weeks (this week’s candle not yet final), ETH has tried but failed to close above the wma200 level@1200.
STILL LOOKING BEARISH: Even if there will be a relief rally, ETH will still be rejected @1700 & this time 880 may not hold. The ABC correction within this downchannel may not be complete yet. ETH may still be
trying to complete the final sub-wave 5 of the C-wave which may go to as low as sub-600 zone. Notice that there is very little support (open space) between 880 & 600, the next volume profile support.
Bottoming here will finish the ABC of wave IV.
BULLISH CASE: if ETH breaks above & holds 1700, then probably the ABC wave IV has already completed. This may happen with some positive catalyst like FED pivot or substantial demand destruction lowering the inflation rate.
Not trading advice
BCH - Your time to shine⭐️Reasons to take long if BTC will be bullish:
⭐️ Range for 10 days
⭐️ Trendline is clean
⭐️ 5th touch
⭐️ Price is squeezing to the level
⭐️ Volume at bottom
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
COMP - Clean trendline to shortReasons to take long:
⭐️ BTC is bearish
⭐️ Updated previous high and trapped a lot of bulls
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ 4th touch of the level
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
SHIB - What a bad boy!🐕⭐️ BTC is bearish
⭐️ Trend is bearish
⭐️ Trendline is clearly visible
⭐️ 6th touch on daily tf
⭐️ Trendline 90 days old
⭐️ 35 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
WOO - Roller coaster to hell🚧☠️⭐️ BTC is bearish
⭐️ Trend is bearish
⭐️ The level is visible on daily timeframe
⭐️ Volume is exiting from the coin
⭐️ Historical all-time low
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
FIL - Such setups are of legendary rarity💎- Market is scared
- Trendline is clearly visible
- There have been many touches
- Formation is 40 days old
- The coin is in the end of formation
- Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ETHUSD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
BTC Wyckoff Accumulation (A followup from my previous idea linked bellow)
I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback.
This is a second idea still keeping to Wyckoffs accumulation schematic.
It may be possible that the accumulation period is shorter than I stated in my previous post.
Changes:
I've moved ST to just below AR.
STB replaces the previous ST.
If this is correct then it would seem that we are approaching the "SPRING" very much sooner at just below 28,000.
Please comment on if you think this idea is or my previous idea is more likely.
Thoughs on $BTC and total crypto marketWhat a run the last couple of month's, who followed me on here knows i've not been sharing any analyses for a long time. that's because I didn't feel the need to do it, we we're in full bull run and I was enjoying my gains.
buy since 3 weeks I was cautious in the market and it was justified.
Bitcoin had been flirting with the daily 50 MA for a while and so in the 55-58k range I sold a large part of my portfolio because I didn't trust it anymore. what turns out I was right on top and a 50% correction happened not even a few weeks after that.
Are we still in a bull market?
I think technical analyses can't say much at the moment, the market is so volatile.
Personally I think we are still in a bull market as the market sentiment is positive and the 'hype' of crypto is still going on.
Market manipulation?
Yes, the markets are heavily manipulated right now. never before have so many leverage traders been shorting causing us to get an unseen dip on multiple altcoins pairs. This is in my opinion very dangerous and can cause violent influence on the market as we see in the last few days. also, this can cause a kind of catapult effect that the market can recover in a few days/weeks as well.
When in doubt, zoom out on the charts and look at the road we've made!
Guys, let me know what you think will happen in the future with crypto,
i'm very curious to know your opinion and maybe have a discussion about it.
HRTUSDT AnalysisThe price has managed to break the uptrend line!
But it still does not have enough power. In the next day or two, everything will be clear.
If the price rises, it can move up to the specified range, which is an excuse that has already been tested for this market.
Although this number and level is not very strong
But if the price bounces back and breaks the trend line again, an incomplete Wolfe pattern is formed that can go all the way to the end of the red arrow.
If the price falls from the linear trend that connects points one and four, it can be a good place to buy.
zec will break the descending trendline one way or another!Using fib extension targets are 80.5 and 85.5 and +++. Of course you need to keep an eye on BTC before opening any position on altcoins. I think green scenario has a higher chance (it leads to a beautiful inverse head and shoulders). I have buy orders at 64.5 and also 58.5 (futures is a bit risky now, so I will stick to spot trading! Cheers!
ps: yellow boxes are monthly and weekly pivots!
Bitcoin (BTC) analysis 19.12.2019Bitcoin coin hit the $7,000 support on Saturday, December 14 for the first time since November 27, but managed to keep above this important support level.
It successfully rebounded from the above-mentioned level on Sunday and closed the week in green, at $7,113. Still, it was 5.5 down on a weekly basis.
The most popular cryptocurrency opened the new trading period with a huge drop on Monday. It fell as low as $6,878 losing 3.3 percent of its value.
On Tuesday, December 17, the BTC-USD pair continued to slide and moved South to $6,600. It erased another 4.1 percent and reached territories not seen since May 2019.
The mid-week session on Wednesday brought some relive to bulls as the coin managed to recover to $6,884 midday and then moved above the mid-term downtrend channel and closed at $7,292 in the evening, adding 9.3 percent.
As suggested on Monday, the BTC/USD pair successfully rebounded from sub-$7k levels and broke above the downtrend channel. We are looking at the Fibb level ar 61.80 for the next support.
Ethereum - Where The Price is Heading Next?The Market is showing bullish momentum ever since The Price bounced from MA100 level and moved upwards from there. At the moment The Price is retesting Major Downtrend Line second time and if it manages to break upwards from here, then it would give us confirmation that the current trend will continue. Currently 1,000.00 is acting as psychological level and the importance of this level should not be underestimated. This level previously acted as support and has turned in to resistance. The Price could reject easily from this area. If The Price rejects from this level, it will likely retest MA100 level again and new trading opportunities can be opened from there with confirmed reversal signals.
Partial Profit Target is 1,149.00 and Main Profit Targets are 1,236.00 / 1,400.00.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -4.95% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat