Bitcoin Breakout??Bitcoin is forming a bull wedge pattern at the uppermost of a cluster of levels between $45-$46K. Volatility has consolidated greatly as we have met resistance at these levels, exactly as we have been telling you here in these reports. The Kovach OBV was once strong, but has now tapered as BTC continues to range. If we are able to breakout, then our next target is $48.2K. If we retrace, we will see support from $45.6K, but there is a vacuum zone down to $41.9K.
Hodl
Bitcoin to $50K??Bitcoin is consolidating in a cluster of our levels between $45-46K. This is a strong sign for the once belabored coin, which could barely cope with $34K a few weeks back. Typically, BTC swiftly rejects prices if it cannot sustain them. Our next level is $48.2K, and there is one more level at $49.7K before we are able to contend with the psychologically significant $50K level. The Kovach OBV is still very strong, but has tapered slightly as BTC establishes value at current levels.
New Relative Highs for Bitcon!!Bitcoin has made new relative highs again over the weekend. We $45K as the next major target and test of BTC strength. We smashed through resistance in the $41K's and are currently contending with $45K. We saw some resistance here followed by a swift buy-back that we are witnessing at the moment. Anticipate BTC to form value in this area before gearing up for another breakout. There is a cluster of levels in the $45-$46K handle immediately above, but otherwise there is a vacuum zone to $48.2K
Hodl'ing benefits the market - costs basis analysisA very similar picture to what I said about BTC previously - price came back, re-tested the lower cost basis line and rallied both on new capital drawn back into the market and due to the effects the effects of 'Hold'ing'.
Of course with DOGE there is the dilution factor which, a bit like trying to overcome the effects of gravity, the high level of constant momentum and positive expectation needs top be maintained.
This expectation is more likely to be retained as costs on average pushes investor returns into the positive and profits are being achieved.
Word of caution: the spike / rally on the intra-day charts is pulling back as I write, so the strategy here is to allow the market to re-test the lows and buy on limits using intraday volatility to get you into the trade. Check for support is being maintained above the lower cost basis line, and this will ensure more of the market is behind your trade.
The first price target for longs, is the upper cost basis line - then, like BTC I will check to see what support or resistance is experiences at that level - will the still be domi nated by hodl'ers or will higher prices attract 'break-even' selling? Time will tell - but that is trade management and strartegy!
BTC 50K Prediction.A, B, and D = Support Line, We can see the price of BTCUSD under $40,000 was visible using Elliot Triangle wave.
C, E still holds a good resistance for BTC if it can beat the $44,000 range using heikin Ashi crossing 44,857.61.
In every day time span Chart, Bitcoin Has been Moving in Descending Channel from most recent 5 Months.
From most recent couple of Days, Bitcoin Bulls are in Complete Control and Doing Outstanding Job.
At the Moment, Bitcoin is going towards the Crucial Resistance (44k), If Bulls Break this Resistance With Strong Volume , Expecting Huge Bullish Wave in Midterm.
In Worst Case, If Bitcoin Bulls lost the EMA200 (38.7k) then, at that point Bitcoin Might Retest the 30-32k Support Area ..
📍I'm Bullish On Bitcoin and Waiting for Breakout, Always Wait for Confirmed Breakout and Candle to Close and Only then, at that point ENTER..
SOL/USDT on an uptrend As per my previous idea, SOL/USDT made a breakout from the downtrend since May and showing a bullish uptrend move.
Entry zone - NOW
Target 1 - $42.005
Target 2 - $44.279
Target 3 - $51.526
Target 4 - $53.523
This is not financial advice. Please DYOR. Place stop loss below $32.293 (Short term), or $27.396 or $22.10
I'm hodling for long term and buying more at every support order block becase this is one of the best performing coin of 2021 with great use case and strong team
Bitcoin Establishes ValueBitcoin is continuing to establish value between $37.7K and $40K. It appears that BTC is not quite ready for the $40K's yet. Be careful, because we appear to have a prolonged head and shoulders type pattern with the neckline at $37.7K. If we are to break down, we will first have support at $36.7K but after that there is a vacuum zone to $34.9K. If we gain some traction and are able to crack the $40K handle, then $41.9K is our next target, then it should be clear sailing to $45K.
Bitcoin Finding SupportBitcoin has pressed down through a vauum zone from $40K down to $37.7K. This is the exact level we told you we would see support. If support does not hold, watch for $36.7K, but if that doesn't hold there is a vacuum zone back down to $34.9K. The Kovach OBV was once strong, but has drifted back down as the price has fallen. If we are able to find support here, then watch for BTC to establish value between $37.7K and $40K. If we can break out from here, watch for $41.9K and $45K as our next targets.
Bitcoin Rejects $40K!!Bitcoin seems to have rejected higher prices for now, retracing back below the $40K handle. It appears that the $40K's were too much for BTC to hold for now, and as we suggested in yesterday's report, it found support exactly at $37.7K. Currently it is catching a bit of support confirmed by a green triangle on the KRI just above $37.7K. The Kovach OBV has started to drift downwards, but it does not indicate the momentum of a proper crypto dump. If we do see the selloff continue then $36.7K and $34.9K will provide further support. If we can see more momentum, then we should be able to regain the $40K handle.
Bitcoin Retraces!!Bitcoin tested $41.9K over the weekend, but we were unable to break this level and we retraced back to $40K. Currently, we are finding support just under $40K, which will now provide resistance. There is a vacuum zone below to $37.7K, and immediately after that we will find further support from $36.7K. The Kovach OBV has dipped slightly to reflect the retracement, but is still relatively strong. If we are able to muster the strength to best $41.9K, then our next target is $45K
Potential end to BTCUSD's Huge down trend PART 2Here we can see BTCUSD is testing resistance again @ the $42000 area. A solid break above this area can cause a rally to $50000
We can also see price be rejected and fall back down un the 30k's
Tp1 $42000 HIT !!!
Tp2 $50000
Tp3 $65000
Tp4 OPEN
HODL HODL HODL
Bitcoin Breaks Down!! 📉Bitcoin has broken down from a pennant consolidation pattern. We are currently finding support at $38.4K which could mark the formation of a new technical level. It appears that BTC is just not ready to break through the $40K boundary which has proven difficult for it and remains a hard upper bound to its recovery. If we can't sustain current levels, we will find further support in the mid $30K handle at $37.7K and $36.7K. If we can muster another burst of momentum, then $40K is still the level we must break to confirm that we are back to bull mode
Bitcoin Breakout Imminent!! 📈🚀Bitcoin has maintained highs just below the upper bound of our Fibonacci anchor at $40.8K. It has developed a clear affinity for higher levels and looks to be forming a bull wedge pattern. The Kovach OBV is gradually increasing showing a bull divergence which is the recipe for another breakout. There is one more level at $41.9K before we attempt to cross the vacuum zone to $45K. If we are wrong, there is a vacuum zone down to $37.7K.
DOT/USDT is massively undervaluedPolkadot is one of the most undervalued high cap coin at the moment. Currently, more than 450+ projects building on Polkadot. This could easily overtake Cardano's spot. Currently down 70% from ATH.
Best time to accumulate much as we can. If DOT stays within the uptrend we could see a new ATH with 3x 5x growth from the entry at the end of this year.
This prediction is more suitable for long term investors and anyone looking to accumulate more DOT. This is not financial advice. Please DYOR on fundamentals
Bitcoin Breakout Soon??Bitcoin retraced 50% of the Amazon rumor move, but even after Amazon confirmed it will not be taking crypto payments, it has returned to test the extremely significant $40K handle. This is a significant psychological level, and was a barrier to BTC for some time. The Kovach OBV has turned up sharply with this momentum, and we could be on the cusp of a breakout. We have two levels above that will provide immediate resistance, but after that it should be smooth sailing to $45K. If not, lower levels at $36K should hold.