BTC: Follow me, next target is 27K
The cryptocurrency market is one of the panic groups, as many institutions may still deposit with Silicon Valley Bank. With the announcement of the Federal Reserve's bottoming, the sentiment in the cryptocurrency market has stabilized slightly, and the concept of decentralized cryptocurrency has begun to play a safe-haven role as investors' distrust of the traditional banking industry deepens.
Under the dual stimuli of the safe-haven sentiment and the weakening of the US dollar, token prices have made breakthrough progress, and the Bitcoin price has broken through 25,000, a critical level since August 2022, with significant significance in the short-term trend. Bulls are expected to have further opportunities to test 28,000-30,000. If the market can reach 30,000, it will help to establish the real bottom.
Do you remember when we bought at the bottom and went long below 20K and were questioned and ridiculed by countless people? But we were fearless and firm in going long because we had already seen through the washing-out strategy of the main players. First, let all the longs in the market get out, and then rise straight up without giving any reaction time. You can say that this is a conspiracy, but I have already seen through it. The upward trend of the bulls has been established, and congratulations to friends who have followed my layout, that is, following the main players.
In the future market trend, don't think that Bitcoin will have much room for further decline because the main players will not give better opportunities to follow. If you missed the chance before, you can choose to buy Bitcoin near 24K. The next target is 27K, and reaching 30K is only a matter of time. I will also update the latest layout in a timely manner, so please continue to follow.
Xbtbtc
Bitcoin Multi-Timeframe AnalysisHello dear crypto friends, in this special BTC analysis , we're gonna look at the different timeframes with grandpa BTC currently:
1H Chart
Double Bottom defended the $12k.
Since then Uptrend indicated by higher Lows
4H Chart
Higher Lows successfully established at $12k
Currently 2 Inside Bars which will indicate the direction when they break out
1D Chart
Bullish Pennant Breakout
Turns into potential Cup & Handle if we reject from $13k now, indicating further tightening
1W Chart
Daily Bullish Pennant invisible, shows itself as Doji candle with huge upper wick
Definitely overbought, and needs to consolidate soon, even if we now climb higher for a few days
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Ouuch! Strong Bitcoin Bulls Have Bears in Hard Arm Locks! D4rkEnergY is back again with more Love and Wisdom. That is his mission - to spread love and wisdom to the crypto community. Lets jump right into it, and see what is going on, at this very moment!
Here is the XBTUSD 1H Chart
Look at the Bulls, they are big, they are strong and they have been fighting hard. The MACD tells us though, that have taken it easy during the consolidation in the neutral triangle, which is neither a bearish nor a bullish structure per definition.
But don't think, that the bears have a chance. Cause while the bulls were lacking momentum, they had the bears in a hard arm lock. When we come from an uptrend, there are a bigger chance, that we will continue up after.
The Risk for going under 10,000 USD Again?
We have to be aware of, that there obviously are a risk that we will go below 10,000 USD. But D4 does not think its the most likely scenario. The reason is, that the whales and exchanges will help the bulls to stav above. Take a look at the LONG wicks. It tells us, that the bulls are buying up instantly after the poor bears are trying to push the price lower.
But just have in mind, that there are a risk we will see a qucik move down below 10k and then up again. A Stop Hunt. If it happens it will happen very quickly then. But this scenario is less likely.
More Shorts than Longs Again
Once again we can see that we have more shorts than longs. In my opinion its simply investors, who are so Emotionally Attached, and have a hard time dealing with the fact that they sold their BTC at 5k USD. They will not give up, even though the bigger trend, are telling us, that we wil go up.
So here is my adivice to you: Dont ever get emotionally attached to a specific coin or to a price point you bough the coin to. Forget about it. Move on, dont hope, look at the TA objectively!
With Love From D4
PS. Please give a LIKE, it would make D4 happy!
BTC MOON? Yes/No?BITMEX:XBTUSD
Want to really see where this ship is headed? At first, I started to doubt if BTC would ever have another bullish run (not really). However, here are just few bullish clues worth mentioning that re-instilled my faith:
1. A ton of accumulation rook place at 6k-6.5k (which pretty much explains all of the boring price action).
2. Very BIG 'whales' have been sighted on both BITMEX and Bitfinex and have been propping up the price at will -- preventing the price from going down into the abyss. If anything, they are really building and maintaining newly established bases with authority -- reminding the general public who's really in charge.
3. A ton of new BTCUSDSHORTS suddenly increased (significantly), once again. (Remember what happened the last time, and the time before that? Well, 3rd time's a charm.)
Okay, so those are just few clues. Now, take a look at the 48HR Heiken Ashi chart above. VERY bullish. So bullish, in fact, it's pretty darn eREKT!
The 48HR chart really helped to clear up the bullish perspective what may be really going on. Keep in mind, we are still in a large falling wedge that has yet to be negated.
Here two bullish scenarios:
1. If we break above 7350, it's likely we will see 7.45-7.5k pretty soon.
2. If not, we may retrace significantly down to 6350-6800. And resume from there -- forming a nice Cup and Handle which will take us further up.
*Not sure these belugas will be so generous :/
That said, I have my finger on the BUY trigger and will participate in the breaking down of all the bear walls along the way if we continue to charge forward.
On the other hand, if we shift bearish and I break below 6k, there's and emergency SELL button that will come in handy.
Disclosure: My original entry on this bull run was 5920. However, I am now on the sideline waiting for the right signals of bullish continuation before I rejoin the charge (and of course, buy the dips).
P.S. When that wedge breaks north, it will really catch a few Bears off guard.
As always...
Take care, and Good Luck.
#tameyourgreed
Bitcoin Evening Update 5/22/2018Good Evening,
Bitcoin went on a stop run to stop out late shorters and fakingly broke through the Span B cloud before rapidly falling back down into our support box.
On all timeframes (4hr pictured) we see that the buying volume in this range is no longer that great so any immediate bounces seem very unlikely. Most timeframes are completely oversold and we might form a bear flag here before proceeding down further. We went as far as $7864, still in support, but sell volume has increased gradually and just tonight spiked up. On the 4 hour, the Span B cloud was closing up but expanded again. We are on the extreme lower bound of the BBands which makes it very likely a bear flag might form. Signs of the the top can be seen as we formed a reversal doji on 5/21/2018 and hit cloud resistance. The daily Stoch has just crossed back down and signs point to a revisit of $7000 USD and under. We can also see a swing high on the daily, but for the next few hours we will likely consolidate. All the best with your trading!
Written By: Philip Raytburg
Research Analyst
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BTC - BitmexHi guys!
Im back here..
i wanna update BTC
i'm only trading in BITMEX.com (www.bitmex.com) i found it usefull because we can Puts Shorts or Longs, depending our estimation...
from last week i made an idea of BTC.. btc changed and doesnt know the way where is going..
I find easy to say it has to go down much more.. but how much? when? now?.. do you think first it has to go up?
Well.. i will prefer to tell you the things with the newspaper of tomorrow, but is not like that.. and it is no easy to estimate the way where BTC will go nexts days..
My only recomendation is: If it goes down any time, or if it goes up, it has to consolidate.. so, take advantage of that with leverage in Bitmex..
Im open in Short on bitmex, because i think it has to go down but not with much Leverage, only with x2,5
Hope you enjoyed it.
Facundo - ARGENTINA
BTC the bull is back.Bitcoin and alot of the other Coins have turned bullish.
The Bearish H&S has been defeated and invalidated. Note; never marry your position as a trader. Not all trades a profitable you must reognise when previously sound analysis become invalidated.
There is strong confluence across indicators that a bottom has been confirmed. (A&E Bottom, Inv H&S, Bullish Mac D, not shown But Ichimoku is bullish as is the Daily TD seq)
This has not yet resulted in the bears giving up - there is still a significant number of shorters remaining from the $4100 level supplimented by new shorts rejected right shoulder of the failed H&S.
TP1 is at the now inverted H&S at 4385.
TP2 would be 4670. I am aware that this could be the zone that the bears may return to attempt to push down a failed double top so i will be cautious at this level
TP3 5264 is the ultimate mid term target and will be achieved most likely throguh a consolodation triangle in an attempt to break ATH before further shorts are squeezed.
I will look to refuel on bounces and bring my SL with me if the technicals agree.
SL at 3800
Watch for the break of 4100 with volume.
Good luck.
Wide price movements with bitcoinBuy the DIPS since bitcoin clearly loves to bounce right back and even go higher most of the time.
If your trading bitcoin with margin, always set your stop thankfully I was prepared for a pull-back since I kept moving my stop-loss up to ensure profits were taken. This saved my a$$ big time here, I can tell these spikes are from margin calls. The volatility and candle wick explain it all almost similar to Forex pairs.