Xbtusdt
bitcoin can Getting Started another rally...??If we can stay above EMA200 bitcoin can Getting Started another rally.
The market seems to be finally starting another rally after a few days of bearish and price retracement , provided that bitcoin can stay above EMA200 which performes as a resistance line.
Bears should not lose this resistance line because if lose this position We have to wait for price drop to 8000$ and 7600$.
DMI and ADX tells that sellers are'nt strong.
Don't forget stoploss to keep your fund safe.
Why BITCOIN Retraced to 50% Level | BOTTOM is in before halving?Key things to take away from this:
There is a Bullish ABCD pattern to $17,000.
Up Trend is on if $9,500 broken.
Down Trend is on if seller show up at $9,500
61.8% is at $8,000
Halving event is 65 days away.
Take it easy team.
See you on the next one.
~Bo Bugra
ridethepig | $16,000 In Play For BTC !!!As expected... an interesting day for BTC and other major Cryptos with risk under pressure once more from the latest Apple announcements. There is little to update on the fundamental side, with BTCUSD finding support at $9,500 as expected. Risk is likely to remain under pressure today so buying dips is and remains the strategy. A break of $10,000 will likely see further upside towards the $13,000 initial swing target as stops and momentum buying kicks in.
For those following the BTC swing from $6,600 it has been a very easy ride:
You will notice how the advance was clean as troops were marched towards the border:
Destroying the defence ...like a knife through hot butter:
CME Launch was superb news for BTC... we made it in the big leagues:
The question then became centred around seizing the breakout...
Before transferring the attack from a simple retrace towards an impulsive nature:
You will notice the momentum kicking in now, all dips will attract significantly more demand interest. Those in from the lows its time to sit back with a huge grin on your face. This has been a clean and simple ride with a flawless example of trading a +60% move...
I hope it has helped... Thanks guys.
Mimicking the last BTC run up to the bullrun
Fibs were placed on swing highs and just the golden pocket fibs are used. Long history of strong retracement/support zone.
Long term trending used to form the bottom of the parallel channel.
Ascending triangles showing a history of a continuation to the upside.
Blue bars copied from 2015-2017 in the parallel channel, before the breakout and parabolic movement.
If the pattern stays true, we will follow along the parallel channel for a while until we get another parabolic breakout. Don't expect a sudden burst to the upside soon; however, we may breakout of the parallel channel more quickly with the adoption of cryptocurrencies in banks/institutions and regulations being currently formed. This breakout will also be about the same time your local, friendly government will make it as simple as possible for the sheep to enter the market.
ridethepig | XBT Market Commentary 2020.02.13A quick short-term update here with another storm of risk coming our way for the weekend. This time it will damage the late crypto buyers with a correction. We have already had intense orders and impressive sizings seen in Tokyo and before the NY open.
A real risk of a healthy pullback as that ridge of high pressure from Coronavirus spillover effects enter into play once more. In any case this will be a buying opportunity and we will update the short-term flows as we go if there is enough interest.
In any case a good opportunity to take some longs off the table and those sharp enough can ride the profit taking in a -5% leg cooking to the downside. As usual thanks for keeping the support coming with likes, comments and etc!
Bitcoin ready for retest of $9,400 before move towards $11,000?NOTHING GOES UP IN A STRAIGHT LINE.
Wow, no shit Sherlock.
But what can we expect from Bitcoin? I think we’re in for some weeks of relative calm movements in which Bitcoin accumulates back again on a higher level, before it continues to move towards the next resistance.
The $10,000 couldn’t provide substantial support and the move is a bit overextended in my belief.
Through that I’m targeting the following levels as main long zones; $9,300 and $9,000. If these areas hold for support, then I’m thinking we’re going to see continuation to the upside, targeting $11,000 and $12,000.
I don’t think it would be bullish for the market if we drop below $9,000 as that would make a new lower low (the last higher low is sustained at $9,000).
So, there’s no reason to be bearish at all, retracements are healthy and should provide a nice buy the dip opportunity.
BITCOIN | 5 MILLION DOLLARS LIQUIDATED | BUY THE DIPSWe called the UpTrend here.
Key things to take away from this:
There is a Bullish ABCD pattern to $10,000.
Dips to 23.6% level at $8,900 and 38.2% level at $8,400 will be a buying window.
UpTrend seems to be on.
Halving event is 97 days away.
Take it easy team.
See you on the next one.
~Bo Bugra
BTC NEXT MOVE Due to following reasons i think the btc short term move will push us to test the down trend line
1. need of a retrace for previous attack to the new upper trend line that failed and needs a dump to gain more power
2. negative regular divergence in volume and AO indicator in 4h and 1d
3. huge sell walls on 9350-9500 that is a key factor for more pump (closing candle upper the parallel trend)
4. price below MA50
Our strategy
scenario 1 :: due to the period of time btc was in sideways we expect a sharp move toward the first target around 8800-8900 i expect a good push from this support toward 9100 level if it can pass this resistance with good volume it will push the price to 9800 level
scenario 2 :: if we can`t push the price from 8800 upper 9100 the 8300-8500 level activates as a level that btc can gain enough power for the 9800 level
FYI any 4hr candle close above 9500 will terminate this setup and automatic long pump to 9800 and above
BTC possible movementsREAD THIS VERY IMPORTANT
after a good bullrun all eyes are on this parallel channel on the chart for btc next move
break of price in either side and sustaining with a good 4h candle above 9500 or below 9200 confirms the next movement
i personally think because of the regular divergence in volume and AO indicator a good short entry is more likely giving the fact that we have 2 CME gaps around 9100 and 8500
and in my opinion this trendline in the top is more likely to break above.
happy trades.
BITCOIN: Detailed coin overview by TF: 4h, 1d, 1M (BUY and BUY!)Dear friends, I am glad to welcome everyone again!
To begin with, I would like to thank all of you for your support! I am extremely pleased to read your comments, I try to answer everyone!
As expected, I begin my review with a short-term picture. Time frame: 4 hours
So, bitcoin is still trading in an upward imbalance, and, currently, locally, the price is in the active stage of accumulation of $ 9470-9220. Today, the coin once again successfully tested the zone of liquidity accumulation (the main zone of control of buyers), as a result of which, we again saw an instant price buyback. This indicates the interest of the market and its growth as a whole. Also, it is worth paying attention to altcoins, the growth of which I regularly spoke in my posts, both on tradingview and in telegrams. This is a good signal for the market.
For further growth, the price needs to break through and gain a foothold above local resistance, where a huge accumulation of limit sell orders is concentrated. Given the globally bullish picture, and the aggressive demand of buyers, I expect the resumption of an upward trend in the region of $ 9,800-10,300.
Let's switch to the time frame 1 day:
Pronounced signals for buyers are:
1) Successful consolidation above ma200;
2) Consolidation and aggressive purchase of prices from psychological $ 9,000;
3) Successful consolidation above the main line of a downtrend;
4) Fixing for 382 Fibonacci levels ($ 9270);
5) A new influx of volumes;
6) Wave structure;
7) 3-month consolidation and a set of positions by major players;
Now the bulk plans to buy bitcoin from $ 8800-9000, and, in principle, it is quite possible. This is the strongest support area, but everyone remembers how the crowd wanted to enter the market for $ 8,000? Realizing that the train leaves without them, they had to enter a market position, pushing the price higher and higher.
Let's take a look at the 1 month time frame:
This time frame most deeply shows the current mood of the market, and gives us another extremely strong signal to continue the upward trend, namely the candlestick model: “Morning Star”. This is one of the most powerful trend reversal patterns.
It consists of 3 consecutive Japanese candles:
The first is a bearish candle with a long red body;
The second - with a short body with a gap down and a long lower shadow;
The third is a bullish candle, with a long green body, which should cover most of the red body of the first candle. It is the last candle that finally confirms the prevailing morning star reversal pattern.
I have repeatedly said in my posts that the "Bottom" ($ 6,400) has passed, and you and I are witnessing a new wave of growth. How it drags on and in what form it is transformed, only ... nobody knows.
Based on the foregoing, globally I expect a continuation of the upward trend to the prices indicated above.
P.S. As I said earlier, my limit orders from 8800 to 9100 are also waiting in the wings. If the price is fixed for $ 8300, the analysis will lose its relevance.
If you wish, share your ideas in the comments and like them! ❤️
And also subscribe to my telegram channel!
All successful bidding!
Bitcoin | Once in a lifetime opportunity.The more we consolidate, the more likely we will break for the upside.
Key things to take away from this:
10k target is still on the table.
9.2k is the 38.2% retracement level.
Halving event is 103 days away.
Take it easy team.
See you on the next one.
~Bo Bugra