Satoshinakamoto
$BTC Will Drop to 44,400$ ?As we can see and expect, the price reached $ 51700 and it should be noted that this is a very important resistance range.
So be careful with your trades . If the price is rejected from this level, I expect the price to fall to $ 44,400.
Last Analysis :
Description : The bottom of the downtrend channel still holds the price and as long as we have this support we can expect to reach the price of $ 51700 ... If this Support is lost, the next target will be the range of $ 42000 to $ 44400 ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BITCOIN LAST BULL CYCLE NOT A FINCIAL ADVICE THIS IS JUST...
Bitcoin is digital cash that has a decentralized nature. One of the best things about bitcoin is that it helps in eliminating the requirement of the intermediaries such as governments and banks. You might be aware that the government backs up and regulates the fiat currency. But when it comes to bitcoin there is no such thing. There is no single owner of bitcoin who can control or regulate it. Furthermore, you might not be aware that bitcoin runs over the highly advanced network, a blockchain. In today’s world, bitcoin is the best cryptocurrency that offers top-class facilities to its users.
BTC Ascending Channel & fibonacci PRZ`sTake care of your bitcoins, take care of your self 😉
From the indicator (RSI) , it seems that in order to increase the price and continue the upward trend, we need to have a deeper correction.
But the priceaction conditions in the chart seem appropriate
However, be sure to do not neglect risk management and capital management
Be profitable 😎
BINANCE:BTCUSDT
BTCUSDT June 22,2021This is the big head and shoulders that I was talking about in my last idea.
Long term bullish trend is broken, The bullish channel is lost, Triangle is broken from the bottom . If price rise from here, seems to me it will be only a pull back to the broken trend line and then it will go down again.
$30k is the neckline of this big bears pattern, after it breaks then you can see the targets on chart which is $24k and $19k .
Bitcoin Bears Determined to Break Below $20KWithin the anticipated Wave C of Bitcoin's current Extended Flat, it appears that we're still in Wave 4 (within the 3rd wave; important to note).
Nearing a finish of the (a) wave for 4/3's Flat around $45K, Bears are soon due to continue their downward pressure on the market's price.
I'm expecting a Running Flat to play out for 4/3 as the all too common Extended Flat would likely require a bounce into the peak of Wave 1/3 (which isn't allowed). There is no guarantee of a Running Flat however. The Flat could technically still extend and yet have a target around the length equal to (a)'s. There's also the possibility of a Regular Flat as well. All options must be considered until the waves decide.
Waves still pending development before Bull's return:
Wave (b) and (c) of 4/3 (corrective bull)
Wave 1,2,3,4,5 of 5/3 (ends 3rd wave; impulsive bear)
Waves (a,b,c) of overall 4th Wave (corrective bull) - could also be (a,b,c,d,e) if a triangle plays out.
Waves 1,2,3,4,5 of 5th Wave (impulsive bear)
Its safe to say that the bear market will continue for another 3 weeks at minimum, likely close to a 1 month+.
Let's go to the king and evaluate it.We are currently supported in the $ 50,438 area. But we should not ignore the lower level, just the $ 44395 range, which is a sensitive area. The market is likely to have deeper declines should not be fooled by our bullish indicators and candlesticks. In any case, we must focus on the sensitive support areas, which are the first level of $ 50438 and the second level of 44395 and be ready for the next moves.
$BSV - PredictionBSV will look to either climb steady to around 260 area while also moving sideways (accumulation phase) if the pump does not happen this weekend,
I am pretty confident we will see a surge next week or the week after.
Please let me know your thoughts.
POTENTIAL TRADE SET UP FOR ETHUSD (LATE UPDATE)PLAN
1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.
2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss at entry. (Wait for a trade update)
-If it Breaks and continues moving down TP at 850-833 region.
3. Place long orders at the 789-742 region(One scalp order and a positional order )
-Scalping positions should take TP at 988-1000 region.
-Put the positional order's stop loss at entry and wait for the breakout above 1000 targeting the next green box
INFO
- 30-50 % correction during a bull run is normal and healthy for the market.
- Ethereum below $900 is cheap.
- Ethereum on road to $2000
Signing off,
THECRYPTONIZER
BTC all time highBitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year.
The world’s most valuable digital currency surged 12% to $23,421, according to crypto market data provider Coin Metrics, taking its year-to-date gains to more than 200%. Bitcoin only just smashed the $20,000 mark on Wednesday.
40 BTC Moved From Possible Satoshi Wallet Market Down*Inner Perspective (Daily Chart)
Bulls keep getting punished from their attack to 10k and this time a significant drop transpired more quickly to 9295’s. 6 hours ago 40 BTC was moved from a possible Satoshi owned wallet which is causing a stir, alas most will forget about this flection by the weekend and it will be imbedded in the history of the charts. See below for more detail of trading action
Area of Interest
The good news for strength, Bitcoin is hovering above the outer downward channel still and poised within the inner upward channel. This zone is getting a bit tedious with price action floating up and down with what looks like its struggle to punch through the ATH half way point and the whole number of 10k. A retrace from the possible reaction to 40 BTC satoshi move will see price open lower on the daily than its open. Bitcoin with the current dynamics is getting more space to move in the polygon depicted. Will keep an eye on P action through out the day if Bulls can’t gain some traction they are opening themselves up for more down side, especially if bears break the 9200 area. Must hold within this $800 range for a hope of posing the 10k mark within the week / by weekend.
Biggest Transaction story of the day:
🚨40 Bitcoin ($391,055 USD) transferred from possible SATOSHI owned wallet (dormant since 2009) to unknown wallet 🚨
These coins in this transaction were mined in the first month of Bitcoins existence.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9526.5
2nd Support Zone: 9115.9
3rd Support Zone: 8596.5
Resistance Levels:
1st Resistance Zone: 10013.6
2nd Resistance Zone: 10469.5
3rd Resistance Zone: 10974.1
Price Level Consideration
Approximate Days Until Halving: 1371 Days (Pending Timezone / Blocks Mined)
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 9667.4
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9546.8 USD
Daily Change %: -2.28%
Market Cap: $175,729,639,480.51 USD
24 Hour Volume: $36,414,841,876 USD
Population of the World: ~7,785,800,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360950448252 Satoshi’s / $22.53 USD per person
Overall
Approximate Bitcoin in Circulation: 18,381,888 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,618,113 BTC
Road to 21,000,000 Bitcoin Mined: 87.53%
Current Bitcoin Dominance: 67.93%