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BITCOIN IS ABOUT TO PUMP HARD! My thoughts for the coming days.Namaste. Getting straight to it. Looking at the daily chart we can see that Bitcoin formed a very interesting Death Cross on the 30th of April which sent Bitcoin price violently down. The procedure was also aided by another two Death Crosses formed on 24th of May and again 13th of July with the last one sending the price to its historical previous lows AND support levels at which point the bulls put a stop on it and took over. Take note that the entire procedure took 81 days and sent the price of Bitcoin down by a whopping 50% !!! Shortly after that, on the 3rd of August a Golden Cross was formed followed by an almost immediate break out of the resistance (Red line) opening the door to testing the previous ATH. Another Golden Cross was formed on the 19th of August which is still active. Currently the price broke below its current support line (Green) and its testing it for a breakout above. Take note that after the price broke out below this trend line it has on both occasions found support at the 25 (Blue) and 200 (Pink) SMA levels. Looking at the uptrend caused from the 3rd of August we see a 29% increase in 14 days and from the one from 19th of August which is still very active is a 10% increase in 15 days and its still going. A total of 31 days so far and an increase of 39%. If the price breaks above the current resistance (Green line) and maintains that level (retests and holds strong) and if we see the RSI breaking above its current resistance (Red line), I believe we will see a third Golden Cross (Red 100 SMA over Pink 200 SMA) which by then the price should have already tested the previous ATH and would be ready to create and all new and fresh ATH. FOR ALL THE BEARS OUT THERE: Looking at this from a bearish view. Should the case be that the price is rejected from the current resistance level and starts dropping and IF a candle closes below the 200 SMA (Pink) with high Volume (this is important as recent candle close below had low volumes) then to me its a signal that we are in BEAR MODE. I would be shorting at this point and/or waiting to buy in (Green targets). SUMMARY: BULL MODE: My targets are in Red. BEAR MODE: My targets are in Green. This is just my thoughts and NOT a trading advice. Do your own due diligence and if you find you agree with my idea then it is up to YOU how you choose to invest your capital. MAKE SURE YOU HAVE A STOP LOSS. Have a great one :)
Long
by The_Profit_Prophet
4
A bullish Idea…Welcome to the 4th quarter. We enter October with bullish on-chain analysis, bullish media, and bullish TA. ENJOY THE RIDE. If, and that’s a big “if”, the pump we saw today helps form the ‘head’ of a head-and-shoulders pattern - I believe that could give BTC the juice to break out of the descending trend present since April/May. At that point, we would look for a retest of that triangle. If successful, our price target moves all the way up to approximately 80-83k. Not financial advise. Use stop losses if trading! Otherwise DCA in and enjoy the ride.
COINBASE:BTCUSDLong
by Hermsats
2
$DXY: Moon Trading & Technical Analysis$DXY has been growing, we can say, too much perhaps, showing an overvalue on RSI which usually indicates a fall, perhaps very soon. What does this mean? That the power of the Dollar against other national currencies worldwide is falling (don't worry, this is totally normal and happens all the time, the typical ups and downs of the market) and with it the stock and crypto markets will raise. Be patient and just relax while your long term positions grow in profits. It is possible that we will keep seeing a fall in the value of $DXY as we get closer to the 6th October New Moon which it is usually our selling day to take profits from our entries on the Full Moon from two weeks before. Naturally, to do so we wait till many indicators show a "sell" signal, but you get the point. To have a deeper understanding of the intermarket connections I strongly suggest you to read: Intermarket Technical Analays - John J. Murphy INDEX:DXY
TVC:DXYShort
by nicolashuljich
BTC/USD - Bitcoin destroys resistance - $100k in the cards!🚀Bitcoin just SMASHED our local resistance at $44k! Is this bullish, HELL YEAH. What is even MORE bullish is that this renewed momentum may allow us to break out of the most important resistance on this chart right now... the $52k level. If we manage that, then a new ATH is in the cards and $100k is very likely before the end of this year! It's not often when BTC pumps 10% a day, but I have a feeling we may get a new season where this will happen quite often again. The bullish bias is very strong, particularly as today we did a bullish cross on MACD on daily timeframe! This is a very good sign! We will likely break above $52k and then volume will be huge which will quickly take us above our current ATH, similar to early 2021. Enjoy the ride and remember that in such instances, Bitcoin may outperform altcoins... because everyone will sell their shitcoins to buy the ONLY coin that matters, the king, the BITCOIN. Even El Salvador is now mining Bitcoin using VULCANO Geo-Thermal energy! Read that again. This is huge. Like and follow if you liked this idea!
BITSTAMP:BTCUSDLong
by DU09
$BTC/USD Moon Trading & Technical Analysis - September 2021Blessing Moon Trading family, may you are in peace and having a great day full of profits and love! I am here as usual to help you to understand the dynamics behind Moon Trading strategy and to check how our entries are doing so far since the Full Moon . As we can see in the chart in the upper right part, we can see that from 28th September to 17th October we are under the influence of Mercury retrograde which usually brings some complications in communications, technology, trading, thiking, comprehension, attentiveness, among many other aspects. This is why I am putting it in the chart, so you are aware that during these kind of 3 weeks you have to double check everything before you do it and the best would be to do not open any positions till this period is over. If you have already opened positions you are totally safe, don't worry (I have a lot and with every Mercury retrograde I have seen profits, rest in peace about that). If you took an entry with me prior to the Full Moon day, when I already told you that the prices were really really low and the RSI was giving us a buy signal, know you are approximately %10.68 depending at which price you entered. If you put $1.000 dollars in the trade (I put much much more than that), so now you have your initial $1.000 plus $106.80 dollars in profits. This is basically how it works. Of course we need to discount the fees from our broker. I am taking profits once RSI is over 80 level or whenever I am %25 in profits from my overall investment for this Moon Trading two weeks trade. Also, if I see a good potential for October once the month started, I could as well keep my position till 4th November New Moon. This is not financial advice but for educational purposes only. Always do your own diligent research.
COINBASE:BTCUSDLong
by nicolashuljich
1
Launch soonAmong my other ideas, this one is more or less relating to how long a correction may last. Back in January when we capitulated from 42k to 29k , it took roughly 24 days to start feeling a recovery. We were signalled a recovery when we found hidden bullish divergence on the Daily RSI as well as MFI holding steady during the dip. It's been 22 days so far for us and have dropped roughly 13k. It feels kind of similar to January in that regard. So, what I'm waiting for before becoming all-to-bullish is daily (hidden or not) bullish divergence pretty soon here. I'm still convinced we're in a bull-market (see related ideas '259k Bullmarket Top & How' & 'This time is no diferent'), but the only thing that'll worry me is sideways action through the end of October... Only then will I become bearish (see '1 for the bears' idea)
INDEX:BTCUSDLong
by Ungovernable
1