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BTC has good chances to make a bullish breakout#BTC 4h
Bitcoin still looks good for holding a long position, despite the lateral movement at current levels, the price has good chances to make a bullish breakthrough in the current day. As the price increases, we recommend that you partially fix the profit, and stop the stop to move to the breakeven level. Target levels remain the same, besides, there is an opportunity to touch a tight resistance of 7000.
#BTC On a 4-hour scale, bounce off the bottom of the Ichi cloud#BTC
On a 4-hour scale, bounce off the bottom of the Ichi cloud, if the current level holds the market pressure, then we are more likely to move to the upper limit of the cloud. If the daylight candle is successfully closed within this cloud, we will have the potential for further growth.
BTC can move higher#BTC 1d
On a 1-day scale, the market continues to follow the scenario that was published a week ago. At the moment, it is noticeable that the bulls are trying to push the price higher: Stoch RSI pushed off the oversold zone and moves up, MACD will soon show an intersection that will also have a positive impact on price growth. RSI, touching the oversold zone, starts to move up. The asset is ready to grow to the top of the template (although within the reduction correction, although in the case of building a new wave of growth).
BTC on small timeframe can go down#BTC 30min
On a small scale, you can see the possibility of a rollback of the last growth: if local support does not keep market pressure, then we will decrease to levels of 6000 and possibly 5880. If the asset manages to enter the resistance range, which at the moment looks like a pretty strong barrier, its upper edge (6640) will make it possible to grow to higher levels.
BTC rebound is comingOn a 1-day scale, the market is too oversold: Stoch RSI has pushed its lower limit and is already starting to rebound, RSI in the oversold area, where it can also unfold. Below meets tight support near the level of Fin 0.786, within the cost of 4800-5000, but to decrease further to these levels without a visible correction of the fall (rebound or flat), the market can not, Bitcoin lost 29% of the value in just 17 days. In addition, the price is not the first time approaching the 6000 mark, it is very important that it does not go lower, which indicates good support at current levels. As long as the daylight candle did not close below this level, we still have chances for a further positive development scenario, otherwise closing the candle below will indicate the possibility of further decline.
BTC possibility of a fractal move#BTC 3d
If we consider variants of similar fractals, then looking at the BTC chart starting from 2013, you can see that there is a chance to repeat the move in the yellow rectangle. This scenario was published as early as April 22nd, and by the current moment the market follows this analysis.
BTC probability of getting a flat#BTC
On a close examination, it is possible that the price of Bitcoin remains within the levels of Fib 0.618-0.786. Now we can very long oscillate around the level of 8200 and below, forming a flat (lateral movement). But against this background, the lion's share of the alts should show positive trading opportunities, the quieter the BTC movements, the more favorable will be the conditions for the alts market.
#BTC The price tests 50MA, which is a strong resistance.#BTC
In the 1-week format, the price tests 50MA, which is a strong resistance. To break through which, probably, the asset does not have enough strength. We can drop to the support level of 8100. In 6-hour format, we can roll back and get correction from the last growth of 61% (Fib 0.618 level), where we will form another impulse to continue the bullish trend. In the 1-week format, MACD intersects and is ready to move up, pulling up the price, as described earlier, Stoch RSI looks bullish. For a further positive scenario, we need to stay in the 8125 zone. If Bitcoin descends to the level of 7900, we do not recommend making a big purchase on deals with alts.
BTC monthly Bullish Engulfing#BTC
The market hovered at 8200 resistance, which is still not managed to break. In the short and medium term, the situation looks tense and we can still roll back to supporting the downtrend. But if you look at the 1-month scale chart, we see a very strong green candle, which indicates bullish absorption and is a good sign.
BTC after roll back can move higher#BTC
The market still needs correction of the growth. On a 1-day scale, overheating is noticeable: the Stoch RSI is ready to drop, and RSI concerns the overbought zone. The decline may occur no less than the 7400 area, where we will be met by a tight support of the downtrend line (which in the recent past was a decisive resistance, the breakdown of which determined the further bullish mood of the market).
Larger scales also look positively and demonstrate the possibility of continuing growth. On the weekly chart, all the same bullish flag is actual, Stoch RSI is very bullish with a good margin for further growth, MACD can only begin to intersect and go up. Those. the market looks good for a longer term, but in the medium and small scales it needs correction, we need to cool down and find dense support before moving on. To consider a positive scenario for further development, we need to fix above the resistance of 8500 (for which now the forces are not enough), then we can consider the scenario of further growth, it is quite possible to psychologically significant 10,000.
Most alts on this background demonstrate a good opportunity to open long-term investments, but for the medium term, there is a risk of decline along with Bitcoin, as for a short-term positive most of the markets should have already rebounded noticeably. This did not happen, which also indicates the likelihood of the continuation of the rollback of the BTC. At the moment, Ethereum looks safer for both medium-term and long-term investments. Altcoins are ready for the new season of growth, most of them made a corrective rollback of more than 78.6% (which corresponds to the Fibonacci sequence around the resistance of Fib 0.786), as a rule, reaching these marks entails a further turn and buying from the current levels is as safe as possible. In addition, we recommend that you pay attention to new coins that have not yet shown themselves, they can also show good growth during this year.