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Three Drives

The king(BTC) needs to breathe (BTCUSDT)The price has been able to break the moving average of 20 and 50 days in a candle as well as the uptrend line.The divergence in the MACD indicator also confirms the downside scenario. So our mid-term trend is bearish. Supports that can prevent the price from falling are 51,000 (static resistance and Fibonacci level), 48,790 (MA 200 Daily), 46850 (50 Fibonacci level), 43,900 (EMA 21 Weeks) and 42,600 (static resistance and 61.8 Fibonacci level), respectively. Among these levels, the EMA 21 Weeks is the most likely option to return the price, because in the 2017 Bullish market, it has been able to save the price from further fall.
Short
by amircrcu
2
BTC bounce soon at crucial support?BTC is currently holding at some rather crucial support from the long term trend (white line). On the positive side, support has not definitively broken on price nor RSI, so very well might bounce (although it is right at the precipice, so there is understandable concern here). There is also still the possibility that this is still just retracement at the 61.8% Fibonacci level from the latest uptrend. Additionally, if a bounce occurs here, there is a possibility it could head upward into an inverse head and shoulders (green triangles) and further head upward. On the less positive side, since this is the 61.8% Fibonacci retracement, even an increase upward has the potential to hit a new all-time high but looks very close to a three-drive bearish pattern as well. Additionally, MACD is heading the negative direction as well so it well might continue. And of course, this support line is so crucial such that such a break could easily send the price into a longer term bearish trend that can last for some time now. There are possibilities that this could be a result of the PI Indicator or ALT season causing FOMO at max pain (for example, thanks to DOGE), but I would be somewhat surprised that the fall here would come without as many heavy handed indicators into oversold territory as well as the fact that this is not a flash crash, but it is quite possible that such a crash could occur soon (particularly if stops soon trigger). Although things looks fairly scary right now, I feel there are so many positive trends needing to continue on alts that this very well could possibly be a retracement and bounce soon (until the trend shows otherwise). However, I would still suggest to never take my opinion as advice (both now or ever) as I could easily be wrong. But if you strongly feel otherwise, I would love to hear your thoughts, so please like this article if you agree or leave a comment as to why if you don't. Either way, this looks like a very crucial point to watch if a downward trend continues from here, as it might take a while to recover if that is the case and might propel the price near crash levels.
BITSTAMP:BTCUSDLong
by crypto_trends
1
LongAbout to exit QE, the U.S. dollar index has either been looking to the bottom, or immediately looking to the bottom. Technically, it will be close to the cloud belt support. If the MACD changes color next Monday, it will take off immediately. The current pattern is a three driving pattern. Although there will be a significant correction after the rise, this guiding pattern is to make up a part of the monthly wedge for more future rises. I believe the US dollar will rebound soon. The target is 95.3%. Then the real callback starts. USDJPY will be a good choice, and I think it will continue to rise.
TVC:DXYLong
by Freedom_CN
BTTUSDT Correction completed, we're now buyersOn our last BTTUSDT analysis we foresee the correction which is ending now. We're switching sides. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
BLong
by FXTurkey
2
DOTUSDT A Gartley Long opportunityLike and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Long
by FXTurkey
6
BTC BulldozerCurrency.com is among the first platforms that allow stock indices and precious metal trading with digital assets. Its team launched a survey to discern the views of its community members about Bitcoin's (BTC) price behavior and crypto market prospects in 2021. Here are some results. Three bulls and one bear First and foremost, Currency.com traders were asked their feelings about Bitcoin's (BTC) price prospects by the end of 2021. A total of 20.3 percent of respondents are certain that Bitcoin (BTC) will celebrate next Christmas in six-digit waters. Almost 54 percent of traders are sure that Bitcoin (BTC) will be worth between $50,000 and $100,000. Thus, about three out of four Currency.com customers expect the continuation of the ongoing Bitcoin (BTC) rally. Meanwhile, 8.6 percent of respondents shared an ultra-bearish prediction. According to them, Bitcoin (BTC) will lose at least 50 percent of its value by 2022: the price of the king coin will be between $0 and $25,000, they claim. At the same time, 35.6 percent of respondents think that Bitcoin (BTC) is overvalued right now. Forty-five percent of Currency.com users supposed that the Bitcoin (BTC) price accurately reflects its real value. Out of the survey participants, almost 40 percent diversified their assets as they hold not only Bitcoin (BTC), but also altcoins. Thirty-three percent of traders go all-in with their Bitcoin (BTC) bet. But the most interesting question was about the ambitions of Currency.com users in terms of Bitcoin (BTC) gains. Seventy-one percent are certain that they have all the chances to become crypto millionaires in the future. A total of 1.9 percent of crypto enthusiasts surveyed by Currency.com claimed that they have already been crypto millionaires, while 27.2 percent do not have such ambitions. In total, Currency.com surveyed 1,572 users in late March 2021
Long
by Barshidi
2
GOLD (XAUUSD) 30min - Zigzag up ideaI think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave. So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves. Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.
OANDA:XAUUSDLong
by fra978
1
Dentacoin a breakout may trigger the bull runLike and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
DLong
by FXTurkey
1
HARMONY drives three times, consolidates, rebounds from supportStochastics indicate a potential drive-up from the bottom. There have been three recent runs, a correction and then a fall to support. It's time for a rebound and a move up to resistance, following the general long-term trend. If you see it break through there could be a move to the next price level. If you think differently, comment below and I'll ignore you - because my ego is too small for any constructive criticism..... Thanks, and I love what you did with your hair today.
OLong
by Ifyouonlyknew
2
Gold still going up by the wayThe price is at the 1.618 extension which gold seems to sometimes respect, and the bulls were able to defend the small bounce of the past month. This is the 3 drives pattern trade that I just criticized in my USDCAD idea 😂 but I'm buying for other reasons, the major problem I mentionned (other than absolutely wanting to go against trends being stupid) was the risk reward, and here with the double bottom and other technicals the risk is small. It is really interesting to compare Gold to Bitcoin that is being bought in the same way for similar reasons. This is the entire point of this business. A big amount of testicular fortitude is required. The world is more risk averse and scared than ever (look at covid reactions). Now is when the world needs bold speculators, which is not the same as dumb gamblers and day traders. Ignorance =/= courage. I think I will split my buying in 2 with a part going into a knockout turbo on IG with the stop and the other part will be a 1-2 month call with no SL as I can't be too sure of where the stop should be, the price could rapidly fall and get bought up (fake selling climax like Silver and Bitcoin a few months ago). In any case, limited risk as I am the house, not the gambler.
TVC:GOLDLong
by MrRenev
#BTC might do ascending triangle alright, so the first plan has worked out perfectly so far!! 3drive was perfect caught the short but missed long entry by 100$ (will haunt me forever) cleaned up the chart & looking at it, it's possible that we might form an ascending triangle here I am waiting on red resistance to test & reject 3drive idea is still valid & it is possible that we might reject from 64xxx dump down to 40xxx I am a trader, the way I make money is longing & shorting so as long as we catch the 10% move on 10x I am happy chappie :) waiting on next few daily closes to decide but so far we are about to hit resistance & I am not interested in longing here
by Bromadic
BTC target and PRZ predictDue to three reason to predict BTC route. 1. BTC had been run a two drive(at Day figure),if the third drive complete ,it maybe produce a strong PRZ at 73000 ; in three drive pattern, I can predict BTC will retracement to 0.236 fibonacci number( 0.786 retracement ) if the three drive complete and the price reach 73000. 2.now the 4H of BTC has form a 0.382 retracement , and if the support be strong , the price maybe will go to 1.382-1.5-1.618 fibonacci numbers(in bull market);then, the 4H 1.5 fibonacci will superposition to the Day of three drive ; due to fibonacci numbers in two different scale, the strong PRZ will come out as posible. 3. Elliot wave theory's third wave is coming, when the third wave end, the trend will reverse to short.
Long
by bonewei