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BITCOIN TARGET NOW 30000 USD. A roadmap towards the target!Dear traders, I have created a new 2 hour chart of Bitcoin so that you can better follow the price movement by clicking on the arrow on the right side of the chart. With the breakout of the neckline and bearish rising wedge, I see the following possible scenario happening. A re-test of the head shoulder formation and then a decline with the next support and resistance lines: 37604 37110 36177 33900 31287 30226 According to this analysis, the final goal of the possible decline is 30000 / 30226 USD. After that, another analysis will follow. Keep in mind the ALTS can fall faster than Bitcoin itself due to bitcoin dominance. Money then flows out of the ALTS back into Bitcoin. Trying to catch bottoms can be very risky and often require day trading and constant monitoring. After the bottom at 30000 we will most likely get another rebound but everything depends on the situation at that time. I trade what I see and not what I think. Totally without bullish or bearish bias. Just because that doesn't help you in trading. That is perfect for long term investors but we as traders will never sit so long in a position that can fluctuate 50% up and down. I myself had closed all my long positions long before the neckline was broken. This was because the Bearish rising wedge had been broken through but also by personal experience, you notice that the market was struggling with little volume. So because we had a heavy decline the possibility was already very high that it was going to be a countertrend move in a downtrend. That made it all that much more suspicious. As long as Bitcoin doesn't rise back above 42600 every rise remains suspicious and you have to take into account a sudden reversal. Good luck guys and as always, trade safely with stops and use money management to make sure you'll still be trading next year. Leverage is only for experienced traders who perfectly know what they're doing and use good moeny management. This is my personal opinion and experience not everybody have the same idea and that is perfectly fine. Please share your idea's what you think of Bitcoin and very important why you think that. Then we get an interesting discussion which can imporove your own trading. Wish you all good luck! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like👍. That motivates me a lot to continue💚!
Short
by PegasusTechCharts
29
Bullflag -The Bullish patternThe Flag pattern is one of the best-known continuation pattern in trading which happen after an uptrend.On-chart you can see a good pump and after a minor consolidation zone.This consolidation zone is important to calm down slowly indicators and calm volume,after this step we can see a growth of volume and a breakout What is the target of a bullflag? The first target of confirmed can be derived from measured move tehnique.The first target of bullflag is the vertical distance between the lower and the uper point of flag The second target is the size of the FLAGPOLE(measure the flagpole size and you will put this size at the breaking point from the bullflag It s important to book some profit also after the first target(size of flag). If the flag during too much will fail.Keep your eyes on it all time and have a stop-loss Have fun and good luck!
Education
by Rowhales
History Does Not Repeat, But Often Rhymes $BTCSome similar 3 weak new highs, followed but 1 new lower high patterns to compare. When trends have a loss of momentum and it is impossible to maintain you typically see these rounded top looking distribution patterns. The good news is that the 200 Day moving average is being tested. The bad news is that is Bitcoin cannot find the buyer support that it needs, then it could be a slow bleed or a whipsaw for the unforeseeable. Bulls must either buy like crazy or close margin longs and allows for a quick capitulation candle. A leveraged long shake out and bear trap could be just what the market needs in order for new liquidity. However if the Crypto class of 21' gets distracted by all the new sh*t coins and pulls out of BTC, then the flipping may be real and the BTC Maxis will panic.
INDEX:BTCUSD
by GreenAlpaca
2
GBJPY Third Time's a Charm? Hello everyone: GBPJPY has once again move up to the top of the overall structure now, and there could be a third opportunity to sell. We can see from previous 2 sells that pushed down the price, but just failed to break lower and continue. This is a indication that price is getting ready for a bigger correction, and is still consolidating. Latest price finally made another move up to the top of the HTF correction, and we see LTF ascending channel correction as well as mini-double tops also. To confirm the downside move, wait for the ascending channel to complete correcting, and look for strong bearish breakout and continuation correction to get on on the sell. Thank you
Short
by jojofang0901
23
MKR/USDT BITTREX ANALYSISVery basic TA here, examining the Maker/Tether pair on Bittrex, we have local support at $4583 and local resistance at $5080 so now we will wait for confirmation to the downside or the upside. If it breaks the top trendline we can shoot for around $6k but if 4HR candle close below support we can expect townfall to $4331 and then $3714. We do not enter here, we sit and wait and see what happens Support: $4583/$4331/$3754 Resistance: $5080/$5210/$6000 Now we wait for confirmations
by jcrozb
BTC/USDT ANALYSISToday we are doing simple analysis of BTC/USDT chart. We will not short or long in this situation, this is simple analysis to make better decision later. We see BTC dipping further towards the $43k range which indicates a futher downslide is coming, however we do see a bullish cross on the 4HR MACD so if BTC makes a move upwards it will meet resistance at around $51,131, if it pushes past this resistance and 4HR candle closes above $50,835 then we can enter long target $55k. If BTC continues to drop we will possibly see $42K, I believe it will make a slight move upward and bounce off resistance and continue it's downward move towards $42k, would be decent short oppurtunity but let's wait for confirmation. As you see we never take profit at exact resistance and exact support, we take profit slightly before to protect our funds. Resistance: $50,835/$59,507 Support: $46,832/$42,301 We will sit, watch, and wait from here for any entries
by jcrozb
Ethereum ETH DIAMOND top seems to be set!Dear traders, Here is a quick new update for Ethereum on the 4 hour chart. We see here a pattern not often seen, the diamond. Like the head and shoulder formations, this pattern has lower targets. It signals normally tops. My previous analysis of Ethereum is still valid with the head-shoulder pattern but now we have a diamond formation and that strengthens my idea that the targets from the HS will come out even more! Guys, now keep an eye on the red trend lines. If we break out to the downside, 2760 will quickly come into view. An upward breakout is less logical with this pattern, but everything is possible. Nothing is 100% sure but this pattern is a top pattern. If it fails then we see an agressive move upside. Keep that in mind! Always confirm trades by a re-test of te trendline and volume to be more sure of false breakouts. Traders, this is my personal view on Ethereum , No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk. If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates. I wish you all lots of profits and above all safe trading!
Short
by PegasusTechCharts
29
MRNA & end of the bulls?MRNA has had a few wild weeks going up from $120 to $170. I believe this could be the end of the bullishness and it may do a correction. Why do I believe this could happen? MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold. RSI is bounced off the 70 mark on the daily chart. RSI is overbought on the 4HR chart EMA's are beginning to cross over on the hour charts. This could be a tiny correction and just bounce off $160 before continuing its path to $200 so I would keep a close eye on the stock. What I am looking for right now is: 1st support - $160 2nd support - $139_$145 3rd support - $120 At this point MRNA going back down to $100 or even lower seems incredibly unlikely. Moderna's earnings arent too far away so that could act as a catalyzer that will continue the growth. In short I believe that MRNA could have hit the resistance and it will either go down to the listed supports or if it stays in these levels then it will most likely stay like this till earnings come which will tell what direction it is going to go from here. Please comment down your ideas and thoughts on this, I would appreciate any criticism you may have on the charts and analysis, and looking forward to your comments! I am not a financial advisor, these are my personal ideas an thoughts please do your own research before buying a stock.
NASDAQ:MRNAShort
by Geckie
10