Bitcoin: Decision time, 40k? or 50k?Over the past few weeks, we have seen Bitcoin repeatedly reject 50k, 49k and now 48k on its downtrend. As we now battle support at 46.5k, will we hold and regain support at higher levels? Or will we succumb to our last support at 40k? Id like to know your thoughts.
BXBT trade ideas
Here are possible entry and exit for BTC Bull RunI'm completely a beginner and this is my very first analysis, would like to receive your feedback in order to learn more and better. So feel free to lend some feedback.
What are your thoughts about BTC, your entry and exit?
Wish every Traders a profit day.
Neck of head and shoulder breakthough which signifies a buyI'm Expecting XBT to breakthrough the neeck of the inverse head and shoulder so that i'll place a buy trade, Once it breaks through i'll hold the trade for about 4/5-6 hours until i see another trend coming up and then i take profits.
It's basically a day trade. Enjoy!
BTC/USD LONGSTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
It looks like we're neutral and people are scared to long, but from what I see, we're near the bottom. If the count is right it's only a matter of time before more people long. We already hit the .382 fib and a small possibility to go down to the .238. About 75% chance to go up and 25% to go down. Anything goes in crypto. BTC's movement is dependent on margin positions cause that's where the money is made lol. Don't forget to use a stop loss and dollar cost average down; not financial advice.
BTC demand zone shows the full pictureBTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now.
S&P500 strong but also DXY strong = mixing signals.
As per chart, 2 possible scenarios are coming:
1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k
2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k.
Trade safe, avoid high leverage.
CCC.io
"Heavy Lines" or intersecting historical trendlines + indicatorsYou can call this my BTC Christmas tree, but you will be disappointed when the surge comes next year. Can you see the descending (bull) wedge? Can you see the snow flakes where many historical trendlines intersect? I suggest these "snow flake" patterns will be huge support and resistance areas...BTC moving above them will support BTC price action for a bullish push, while price action and falling below them will become more bearish--they are act like gravity to the BTC price. Intersecting historical trendlines adds significance to the current price action as you can see on this chart and it allows me to map out some future possibilities. Have fun with this drawing and trade well my BTC friends!
www.tradingview.com
Bears are hoisting their flags!I think Bitcoin is moving toward 46-45k and Ethereum will touch 3900-4000 soon!
Flag Pattern:(Investopedia)
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
BTCUSD fa_traders1ma 200 plays a very important role
If Bitcoin can hold its own at the top of this move in time
And even if it builds a new floor at lower times but does not fall below the 39600 range
In fact, we can hope for a higher floor and ceiling structure
But if it stays above 200 in the time frame, there is a lot of hope that the bears will lose.
otherwise
The scenario I hit and analyzed on October 20
The market will arrive much earlier than everyone imagined in the crypto winter.
Moving Toward 52500 ..!bitcoin Got rejected from 50EMA in the past 3 tries!
It seems BTC may move toward 52500 soon!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BTC indepth EW analysisProviding this count is correct we have had a major wave 1,2,3 and currently finishing the 4 before the final 5th up. Wave 1. An A, elongated B, C as a 3-3-3.(wave 4). Wave 3. A, elongated B, C
The count would be as follows:
Wave 1.
Corrective - A, elongated B, C. (3-3-3)
Wave 3.
Corrective - A, elongated B, *currently doing the C*. (3-3-5)
This count would be invalidated below around $48,200.
Further confluence to this count will be posted below.
TL;DR
Short term bearish. Medium term b000000lish.