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BITCOIN - BTC - VERY IMPORTANT LEVELS TO KEEP IN MIND!Hello Traders, I have created a comprehensive roadmap on this 8 hour chart from Bitcoin with targets and support for the short to medium term. Scroll down or up the price scale onthe right for all support and resistance levels. Below is the description but be sure to remember the very important levels. 64651 and 51724 (ultimate 47674. Bitcoin drives the entire Crypto market so always consider these in your decisions. These are in my opinion the 3 most important scenarios that are going to happen and completely depend on which horizontal support or resistance is broken. Is Bitcoin going to make new all time highs or are we going to go into a deeper correction. So it all depends on what happens next in the short term. A Breakout Above 64651 is Bullish for the medium term and a breakout below 51724 medium term Bearish. A breakout below Support 4 at 47674 almost certainly leads to much lower price targets. Scenario 1: The 1st target at 60678 is broken by BTC and immediately validates the inverse head shoulder pattern. 1st target is then 68953 USD but ONLY if resistance 64651 (the old all time high) is broken! Next, the upside targets are then: Target 2 64,651 USD Target 3 68,953 USD Target 4 74,750 USD Target 5 82,627 USD Target 6 104,623 USD Scenario 2: Bitcoin stays between 60678 and 51724/ So this is a sideways trend. We can then easily move between these 2 levels for a longer period of time and profit from sideway market techniques. Keep in mind that if we don't get above the old all time high we can therefore also get a double top which is extremely bearish. Scenario 3: Bitcoin breaks the important support level 2 at 51724 after which we immediately set a lower low. This then also immediately confirms the right shoulder of a much larger head shoulder pattern (see previous analysis of Bitcoin) and we see the following targets to the downside coming into view. Support 3 49,592 USD Support 4 47,674 USD Support 5 44,477 USD Support 6 40,640 USD Ultimate Support 7 29,557 USD Bitcoin is the king of crypto currencies. If it drops slowly or stabilize then the ALTS can go much higher. Does Bitcoin fall fast then the whole market goes down. If Bitcoin rises faster and more aggressively then the ALTS could face a correction. You can come back each time when you want to easily see where we are in this roadmap. This is purely my own outlook on Bitcoin and therefore no trading advice. Definitely always do your own research when trading!
by PegasusTechCharts
13
Bitcoin forming right shoulder of a head and shoulder formationHello Traders, Here we see the 4 hour chart of Bitcoin with an interesting development. First, we see a small inverted head shoulder formation with a target of around 65000. That is the old top. At the same time, it seems that we are no now forming the right shoulder of a much larger head shoulder pattern. The right shoulder of this pattern should not be higher than the head. So it is first possible that we reach almos the old all time high and then drop to the neckline. It is still too early now but we need to monitor the development closely because if Bitcoin drops through this neckline a much lower target is in sight. This is purely a hypothesis. This is how it could go if Bitcoin follows the pattern. On the other hand, if Bitcoin meets the target of the inverted smaller head shoulder formation and we rise above 65000 then the pattern expires and Bitcoin can move further up. towards +100,000 usd. Currently, Bitcoin volume lags on increases so that is always suspicious and something to keep in mind. It will be interesting to see how this possible pattern develops further. So I'm short term bullish but if we don't cross the all time high then I will be bearish. Bitcoin could then form a double top or the right shoulder of the head and shoulder pattern further. Things can then go quick because it means we failed for a 4th time to stay above 60.000 usd. We are still in a good month for Bitcoin historically so that causes the odds for long. Just keep an ey on the general development of Bitcoin and zoom out for a clear view on the trend.
Long
by PegasusTechCharts
14
Bitcoin Bounce to 55K-57K AreaUsing the Tom Demark Sequential System on the daily chart we look to have a 1 to 4 Day correction to the upside toward the area of the breakdown/previous support after a full 9 Day count to the downside. Also the selling looks exhausted on the rsi. Once we get close to resistance I will be putting in a stop loss to preserve profits. I do think this is not the end of the bull market but a major pull back to the low 40k area or lower would be painful.
COINBASE:BTCUSDLong
by noahkeene
BTC BITCOIN Inverse head and shoulder formation in a channelHello Traders, Here the 2 hour chart of Bitcoin . Clearly we are in a perfect downward trend channel. We also see the formation of the right shoulder of the inverse head shoulder formation. Target for this head and shoulder formation is 65000 usd when breaking through the neckline. Currently watch carefully what happens to the price. If it drops below 50000 then the main head and shoulder formation is no longer valid. It is very well possible that the price will rebound and then break through the neckline to the old top with the forming of the right shoulder. As often, a picture say more than a thousand words!
by PegasusTechCharts
6
XLM USD Daily Chart BreakdownWe had a bounce off the 50 MA after breaking upwards with a nice show of force. If BTC behaves we go yellow. If BTC booms, we go green. If BTC misbehaves we go red. Key levels are outlined on the chart. This is all based on previous movement (which is NOT guaranteed to continue). I just enjoy looking at what has happened in the past so I can see different possibilities for the future. This is NOT investment advise and I am NOT a financial advisor. I'm just here because my dad sent me. I am waiting on the MACD to cross. RSI looking good. Holding the 20MA is absolutely essential right now. What color do you think we'll see? Leave it in the comments. Thank!
KRAKEN:XLMUSDLong
by WhiteJesus
9
PolkaDOT fighting for life! This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made. For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has some slight resistance and would also show a reversal into a short-term bull trend. From there we could expect it to make it back to where it was consolidating before the crash. For a short position, It's getting close to breaking through the previous support after that flash crash. From there I could assume that it will climb downwards to test the next support level. But... after that, if that breaks. It won't be pretty. All the gains from March and April would be erased and I would then predict a bear trend for Dot. While the project has a lot of hype and overall I expect the bull trend to continue it all mainly depends on one large factor. BITCOIN. Only time will tell. NOTE: This is not financial advice. Enter your own trades at your own risk with a plan!
KRAKEN:DOTUSD
by Simple_Crypto
DXY WATCH PARTY: TIME TO PAY ATTENTION!DXY UPDATE // Looks like its at support. All risk markets over extended SPX500 hit my target pretty much (see below), DXY correction overextended, Euro overextended, Gold is up by 16% and BTC 28% in that same time. BTC hits major resistance at 64K and I dont see it being broken without a correction; also check the wave count on my latest BTC chart below. I see a short term reversal for the DXY and smart money is slowly exiting the risk markets into gold and fiat. So when do we know crypto and stock get a correction? When the DXY prints that double bottom (W). Its right at the 0.5 FIB support level. Also look at that confluence with my correction target for BTC; 8% on the last correction from ATH and now with the neckline of inverse hs as a target; (59,5K) also exactly 8%. Too much confluence and too much hyper euphoria; this cant keep going on forever, sorry to kill the bull vibe... I'm alway a bit early and I have slight regret I didnt ride waves today but better that than riding this wave down because esp. in alts it will be fierce. Dropping this here on a low time frame to keep an eye out... Newly arrived retail has no clue. SHORT / MID TERM: - DXY: LONG - GOLD: LONG - Risk assets: SHORT IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
TVC:DXYLong
by cryptobullethbtcxlm
1
THE ZONE OF ZONES NOT HIT INTO BTC POSSIBLE SHORT BELOW 57KHello trading friends, As you did read before our day trade target of 57600 hit, as we did add before. We have confirmed the trend for the next target for BTC, and it's possible that we can enter into a new short since the zone of zones not HIT . The whale effect shows a stable trend. we did not break out the zone of zones part. # Know that we go with the market flow, and this is a day trade update for BTC. This can change with the time as we track data of whales every time again and possible more increase and downtrend signals for next time, but for now data shows a possible short. At this moment taking a long could be risky. but these are time frame update , we updating depending on the time frame by Day expecting charts. markets change, and we change with the markets directly. What is possible expecting target Below 57K could be a possible target. exactly we will update later. What means this at all? That's its possible that we can see a short update next time into btcusdt. What shows whale data? a stable trend. can we increase further? Yes, its possible as its stable trend - but there are more chances for breakdown trend. @@Follow/like for more 24/7 Live updates on tradingview.@@ Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly ---> Have a great day 😃
Short
by watchtrend
7
USDTBTC | Long Term Analysisit's maybe hard to believe that this could happen but the crypto market is very heavily volatile, it can move between price like we never had seen in any other markets, so I found it normal for BTC to reach 6000$ again, that vision is supported by technical analysis and understanding of how normal market works and applies that on the crypto markets and when applying that we can predict long term analysis that the herd could never believe, cuz they think it's huge and it's impossible, but regarding the volatile history of crypto, we saw 90% correction in prices and its not an anomaly, that's the normal price behavior in the crypto market, I found it a high probability for BTC to come around 11k this year, 6k in the couple years ..
Long
by ShoeIsRich
1