Possible Bitcoin bottom?Hey Trader,
please see my current idea on BTC, where my count suggests a possible reversal of the bearish trend. This is due to the fact, that our wave C has finally managed to tab our first target of the 0.618 extension which is correlated to wave a.
The 0.618 target is a common target in a flat correction. A flat correction is characterized by a new high of wave B, which is the case here. However, we might go a little deeper. I expect that we might see BTC heading somewhere between 40.000 and 30.000 dollars before trend reversal in order to finish our Flat correction - it can but its not a must.
I suggest to start buying dips from here, since we have high chances of BTC reversing soon. The best strategy for this would be the martingale strategy in order to get an average price if its keep dropping. Once its reversing you may end up with big profits.
Keep in mind, this is no financial advice, just my technical expertise.
RT
Krypto
BTC possibly heading towards 1.618 extension to $ 38460.05 Hey Trader,
please see my current short setup on BTC where my wave counts suggests an impact around 38460.05, which is the 1.618 extension of my overall count.
From there first longs can be considered.
This is no financial advice, just my technical view.
Have a great evening,
RT
21/09/16 BTCUSD - Very Bearish Outlook - by RT-TradingDear Traders,
First of all, thank you for your positive Feedback on our first post in terms of XAUUSD (Gold). My second analysis will be about BTC .
BTC is on everyones lips. But I think that the hype about the avoidable bull run will pass.
Technically, BTC doesn't look good at all. The price reacted exactly between the 50% and 60% Fibonacci levels as I expected. The volume decreased sharply, the divergence on the RSI became larger and larger. The strong sell-off last week was therefore only a matter of time. So what's next? I think that we will correct a little further, up to around the area I have marked, before the next wave of sales starts. I determined the minimum short targets using Fibonacci extensions. I have marked the relevant areas from 0.618-1.618 in gray for you. I am very confident that BTC will move there in the coming months. At the same time, these are ideal buying opportunities for those who have not yet been able to benefit from BTC.
What do you think of my idea? I am looking forward to your feedback!
Warm greetings,
Raffa
LINK/USDT SHORT 9% IDEAHello crypto folks!
If we not breakout above 29.94$ – 30.61$ its more likely that we see a little retracement. First level to gain as support is arround 28.21$ and this is our first profit target for this short idea. The range for short selling: 29.20$ – 29.80$.
This trade is more like a hedge because we have still some longs from 24.50$ and looking for more new fills at 27$ and 26.40$. This level is also our last take profit area for this short idea.
Kagels Trading BTC-Analyse und -Prognose 31.08.Liebe Krypto Trader,
willkommen bei den Crypto-Insidern.
Wir sind 3 ehemalige Studenten, die sich ein Netzwerk aus Experten und Analysten aufgebaut haben, um vom rasanten Kryptomarkt zu profitieren.
Hier sehen Sie unsere Prognose für die kommende Woche:
Die meisten Trendindikatoren zeigen negative oder keine Zeichen. Außerdem gibt es bärische Divergenzen auf dem 4h- (MACD, CMF) und 1D-Chart (RSI, MOM).
Die Support-Trendlinie (c) wurde zunächst negativ durchbrochen, im Anschluss fand ein Retest statt. Damit ist der Uptrend laut diesem einfachen Muster der technischen Analyse an (c) zu Ende.
Die Resistenz-Trendlinie (a) bildet zudem die letzte Grenze, an der man den Bärenmarkt verteidigen könnte.
Die bärischen und trendlosen Signale durch Indikatoren, in Kombination mit den oben genannten Divergenzen deuten auf ein Retracement hin.
Bearish as said before, Target ~12000$Bearish SHS top Pattern, not activated ATM !
28000-29000$ Level should work as support. If there are a lot of buyers and a big green candle come into the market then the weekly bearish view will change to bullish. But if happend nothing the SHS Targets, with different calculation, are in the low 5digits.
There is nothing to say.
simple.
9000-12000$
BTC/USD CURRENT OVERVIEW BTC/USD COINBASE:BTCUSD
Bitcoin is currently in a very interesting zone. In black, we have our bullish sequence.
The target would be about 82K plus.
We also have an orange sequence (finished).
Now the whole correction level of this orange sequence is the bearish selling pressure.
Kinda interesting to see.
Also, we will see who wins... bear or bull...
What is your opinion?
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BTC/USD
Bitcoin befindet sich derzeit in einer sehr interessanten Zone. In Schwarz haben wir unsere bullische Sequenz.
Das Ziel wäre etwa 82K plus.
Wir haben auch eine orange Sequenz (beendet).
Nun ist das gesamte Korrekturniveau dieser orangen Sequenz der bärische Verkaufsdruck.
Irgendwie interessant zu sehen.
Außerdem werden wir sehen, wer gewinnt... Bär oder Bulle...
Was ist Ihre Meinung?
Bitcoin long !! next leg up + 100% ?!NEW LEG UP STARTED
Many Krypto traders might have noticed the latest drop in BTC which cleared the current market from many weak hands holding the coin. For many this was a very good entry point. However, in this post I want to draw your attention to the fact that the MA 50 on the daily chart was the most significant support since the beginning of the current Bull run starting with October (left chart). When prices fell below the MA 50 this was a shock for many traders (not for HODLERs though) as it might have been the final reversal sign. Luckily the chart perfectly bounced from the MA100 catapulting pries back into the upwards direction. As of yesterday BTC closed above the MA 50 which might be a perfect entrance for the next leg up after this stronger pullback. Even though we had 2 strong increases in the last days RSI looks still very relaxed which further underpins my hypothesis. When comparing this with the 2018 bull cycle you will notice that the prices (when the decline started) also bounced back from the MA 100 but then were not able to get back above the MA 50 which eventually lead to the final collapse (right chart). This time it’s different and I like it !!! This analysis is obviously rather a short term one and is not related to a HODL approach which of course also has some very serious advantages (taxes, less stress etc..).
I opened a speculative long position today hope works well. Happy to hear your views on this Bullish MA sign.
🔥ADA/BTC Pair🔥 (detailed HTF & LTF Analysis) - CryptoBROQuarterly Charts looks awesome tbh but price is still below the 2020 all time high.
i wrote the objective price targets in the chart. of course things can moons way harder than we can imagine but i like to execute in a more objective way instead of hodling.
in the following i will switch to lower timeframes to get a better understanding of the pivotal levels BELOW the 2020 Level & using some Moving Averages