[UPDATE BITCOIN] BTC to 35k euro in the weekend and then pumpQuick update:
The fib retracement at 0,38 is telling us we can go down until 35k euro. At that point, the new pump cicle can start. Let's see.
BTCEUR trade ideas
BITCOIN - 90K/100K within the 10th of June (and then......CRAZY)Here an obvious BTC fib analysis with exponential growth and increasing weekly returns for the end of the bull.
Notes:
- Check that red line that crosses the price line multiple times starting from March 2020!
- Check the fib levels! WOW
- The prices are in EURO
- Pay attention to the timeframe!
BTC EURO bearish for the coming days!?!At BTC EURO it seem more noticeable move to the downside than compare to BTC USD, looks like BTC gonna stay bearish till end April until it hits the bottom of the big up channel. There are 2 support to hold it up still, but important that BTC not move beyond the bottom channel otherwise become really bearish.
BTC propably more correction to be expected, return to the meansI believe BTC will further retrace, return back to the means first, before running higher later this year.
XBTEUR - What will happen next? - MTFA"The only thing I know is that I know nothing" - Socrates
What will happen next doesn't matter, what matters is your strategy and how you can take advantage of price actions.
Let's have a look at Bitcoin market through different timeframes (M1;W1;D1;H4)
Starting by the monthly chart, we can see that BTC is in a long-term bullish trend since 2013 and is as of today in an overbought situation. On the weekly chart BTC is also overbought but what is interesting to see is that the RSI level of 80 was broken in the last downward movement. This level of 80 use to be an important support to the mid term bullish trend since the beggining of the year.
But for me the best is yet to come on the D1 and H4.
The daily chart is showing us that when BTC crossed up the RSI level of 50 (neutral zone) during October 2020, it kicked off the current bull run and since then the neutral zone use to support the trend and indicate higher low points. In the past days, this crucial level of 50 on the RSI D1 broke, validating a huge bearish divergence on the D1 chart (while the price formed a lower low point after breaking the trendline in green).
However, as of now on the H4 chart, we can see a pattern of indecision (triangle) that started after the drop below the trend line (in green in the D1 and H4 chart).
Will the price cross up the triangle? Will it cross down? Nobody can predict it at 100%. However, what each trader can do is to have a defined strategy that takes into account each probability.
My primary scenario is bearish, due to the validation of the bearish divergence on the D1 chart, in an ouverbought context on the long term charts (M1,W1). If the price cross down the triangle pattern, it could lead me to open a short position.
However, this primary scenario could be invalidated by the bullish divergence on the H4 chart, that could lead, if the signal is validated (by crossing up the RSI level of 50 on the H4 chart) to a new high point (Lower high or even new ATH on the D1 chart). In that case I would wait for more signals before opening a long position.
This was my first post guys, hope you enjoyed it.
PS: This is NOT an investment or trading advise, just my opinion.
Brindfrappe
Different pattern on the bitcoin chartDouble bottom pattern
Price prediction : 51870
Inverse head & shoulder
Price prediction : 50985
Descending channel
Price prediction : 47587
Horizontal triangle
Price prediction :
Break-out to the upside : 50400
Break-out to the downside : 42261
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Falling wedge, short termWill break up and continue growth? This month should stay as red candle 9 days to go.
My first chart is dedicated to the queen!Just the first experience nothing more ...
This is not financial advice!
This is Just Paper...
Bitcoin is in a downside channel at this momentBitcoin is in a downside channel at this moment
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Bitcoin Simply Thought - BTC Price AnalysisHello dear readers,
I am a big fan of keeping the chart simple and clear.
I think there is a common thread in every chart. Of course, there are hundreds of analyses and approaches for one and the same situation. But the intersection, that is, the overarching direction of the market participants is particularly interesting. It is like a primary trend (not individual), with the corresponding outliers in the secondary trend (individual opinion). To recognise this intersection, a clear analysis is often better in my view. The obvious factors will have the most influence, and not a swing in one of x indicators.
That is why I have kept this BTCEUR analysis very simple but relevant:
- The primary trend continues to move bullishly in an uptrend channel. It is always more likely that a trend will continue than that a reversal will occur. . Accordingly, there is no good reason for this corner to believe in a trend reversal in BTC as long as the trend channel with the D-Close can be held!
- On the contrary, the price is currently at an entry point from the perspective of the trend channel.
- Resistance becomes support! After Bitcoin first failed very frequently at the horizontal resistance zone marked, it finally managed to break through. A resistance that can be overcome becomes a support. As this resistance was very strong, I also estimate the support to be strong.
Conclusion:
- The market structure remains intact.
- The price is at an exciting entry point. Support here is provided by the trendlines and the horizontal level.
- The price target looks realistic, a sensible SL enables a trade here with a CRV of over 4.
- If the trend channel is left with the closing price, I end the trade.
As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action!
If you want to support my work I am happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
BTC: Obstacle ahead....will go throughAlright, so the ultimate target is 125000€, but before that, BTC has a challenge to overcome.
We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise.
However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at 38000€.
A word of warning on this expected obstacle:
- wave 2 of (3) was shallow...so wave 4 of (3) could be deep and that leads to an intermediate trough at 29000€ minimum. Humm, I don't like it, don't want to believe in it!
Anyhow, current trend is in a wave 3 of (3) of so higher highs are expected towards the end of 2021.
wave (4) of is expected by mid-August.
BTCEURIt may not seem like an ideal time to buy bitcoin because it’s so high, but by my calculations this bull wave up isn’t over. My target price is 52,000-55.000 eur .. at that level I would sell bitcoin ...
In my view we have bullish flag pattern (like in picture)...
Good luck all with your trade!!!
# Bitcoin exhaustion towards 66700€## BTC is currently in a wave 5 of (3) of ...meaning: it's got room to rise in the mid term. (see my weekly chart)
- But for this daily chart, most indicators scream "I'm tired":
1. Look at this volume trending lower with the trend
2. Look at this momentum not taking off (I dont care whether you look at PriceRateOfChange, RSI or MACD...they all convey the same momentum message: "Exhaustion", "I'm tired, let me rest")
3. Or the price itself shaping up in an ascending triangle.
- However there's hope
1. If you are new to the crypto game, hop in fast to get a share of the current push towards 66700€, or wait for August bottom (ref: weekly chart)
2. If you are a 2013 veteran, stay in. Yes, this summer will be red, you could sell 20% of your position, but you will be gifted for Christmas, hold on just a few more months (ref: weekly chart)
BTC last dip before breaking 60K I dont see BTC breaking now... preparing for last buy dip before next leg up
BTCEUR BTCUSD consolidation toujours avec un canal descendant avant de pouvoir remonter et sortir du triangle
Bull flag for bitcoinBull flag for bitcoin
Price prediction : 52576
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BTC Inverted head and shouldersMy first idea about crypto.
Please let a comment or idea below, so it can learn from the ones with more experience then me.
Thanks in advance>
A whacky idea based on the Coinbase IPOGoing all out here with a whacky prediction. I believe the Coinbase IPO is going to send shockwaves through the financial markets and may even break a new record for a new company listing, if this does turn out to be the spectacle we all hope for, expect a Tesla candle pushing us to €53k with a small push down for those hoping to short only for the bears to be pushed out the way with a price going straight up to €55k ATH. Its a crazy idea but I am having fun, I think the market will be calm over the weekend in anticipation. Good luck to all BTC family :)
BTC - Kevin C. BestHi traders,
2 scenarios:
1 - Ascending Triangle that could retrace to 47500 before an uptrend price action is performed
2- Ascending Triangle bring a momentum uptrend breaking the resistance levels
I am more of the 2nd scenario; because we identify a ascending Triangle pattern and a bullish expanding triangle.
Which might give a neutral sentiment either uptrend or downtrend, however price action are for me conditioned to continue breaking the resistance at 50800 EUR per BTC.
Like if you agree, comment if you have feedback
Regards and take care,
Kevin C. Best
BTC reverse head and shoulders and possible Bull flag btc looks like its making a bull flag and a reverse head and shoulders.
wat do you al think ??
