Btcidea
BTC-4h. 38645 can be a big problem for buyers.Buyers in the BTC market received a rather strong blow . Unsuccessful weekend trading and the uncertain closing of last week's candle provoked a 20% drop in the price of BTC.
Given that the decline was in increased volumes - the probability that the BTC market began to correct the frantic growth trend is high. However, the local wave of growth that began on December 11 has not been broken.
Buyers kept the white trend line and the range of $33,500-34400 . If the next 12 hour candle closes above this range - buyers will launch a counterattack. The rise in the price of BTC at reduced volumes and the test mark of $38,640 will be good signals for the continuation of the correction of BTC with a target of $26,200.
P.S. if the global correction of the growth wave has started now, the market will cool down for a long time after such a rally.
If you are interested in a deeper idea about BTC - read our global BTC idea:
BTC – The Double Zigzag pattern in 4th wave In the daily chart, there is no doubt for the targets of $ 21,500 to $ 23,000 in this uptrend, and after the completion of this corrective movement, this uptrend will begin.
in the 240-minute chart for a few days, there was the probability of the triangle pattern formation due to the wave structure of the sides. Currently, according to the 60-minute chart, there is a scenario that the structure of Wave 4 is in the form of a Double Zigzag pattern, which is located exactly on 100% of the W wave and has a retracement in price.
In order to receive the confirmation for the uptrend, the price needs to make the first 5 uptrends and then in continuation cross the range of $ 19420.
BTC IDEAThere is a chance Bitcoin wil make a double bottom, (cme gap) high chance this will be filled and then go parabolic.
It is just an idea, but this bullmarket is not like the last one!!!!
A lot more institutions will come to buy btc/ and are still buying so i think if this double bottom plays out, we will go to 25-30k -> pullback to previous ath (around 20k) this will come with the big crash of 2021. (THE BIG RESET)
Then I think a good price to cash out your btc and other coins is around 100-120k.
Question:How can I convert $ 10,000 to $ 160,000? Answer:BitcoinIn order to be able to have a detailed study on the Bitcoin chart, we drew the chart in logarithm, so that we can have an accurate wave count for it.
As you can see in the weekly chart, the price is in a complete uptrend channel, in which the price by hitting the bottom line of the channel has started the increasing price trend in wave 3 from the 5th point. In addition, by break down the downtrend line, this scenario has been confirmed. Bitcoin's one-year target would be close to $ 250,000, which is not an implausible goal.
( Weekly Chart )
In the daily chart and by over reviewing the structure of the last uptrend which has started from the range of $ 3850. We see that we are in wave iii from point (i), this (i) wave can continue up to the target of $ 20,000, till the uptrend become fully confirmed
Also, due to the very high demand for bitcoin, we will probably have a very short corrective movement in the range of $ 20,000, and a very strong uptrend forming for the target of $ 100,000 to $ 150,000.
BTC/USD Tests Key 15007.55 Technical Resistance (11/5) HODLBitcoin (BTC/USD) extended its significant climb early in today’s North American session as the pair appreciated to the 14988.00 area after trading as low as the 14000.00 area in the Asian session, just above the 38.2% retracement of the recent appreciation from 13530.01 to 14273.60. Stops have recently been elected above some key upside price objectives including 14258.88 and 14364.17, a level that represents an upside price objective related to buying pressure that emerged around the 6430.00 area. Additional Stops were triggered above the 14527.76, 14649.74, and 14825.82 areas, and tested another upside price objective around the 15007.55 area. Traders are closely watching additional upside price objectives including 15093, 15308.78, 15440.26, 15479.66, 15996.17, 16085.25 levels, and 16125.14 levels. Stops were recently elected below the 13465.76 and 13415.01 areas today during the pullback, representing the 23.6% retracements of the recent appreciating ranges from 11416.04 and 11201.00 to 14098.92. Additional downside retracement levels in these appreciating ranges include the 13074.06, 12991.91, 12757.48, 12649.96, 12440.90, and 12308.01 areas. Stops were also elected below the 13609.26, 13451.74, 13224.44, and 13197.13 levels during the recent pullback, levels related to the recent appreciating range from 12785.00 to 13863.87.
Traders are observing that the 50-hour simple moving average just bullishly moved above the 100-hour simple moving average. The 12846.65 and 12928.80 areas are significant potential areas of short-term technical support related to those appreciating ranges. Following the pair’s recent ascent, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14643.91, 14569.57, 14431.05, 14310.71, 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Another important technical level includes the 11510.44 area, representing the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 13677.56 and the 50-bar MA (Hourly) at 14068.40.
Technical Support is expected around 13260.30/ 12847.95/ 12563.28 with Stops expected below.
Technical Resistance is expected around 15093.00/ 15308.78/ 15479.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
BTC Trader Alert, Big Move Coming ?☆☆☆ BTC Usdt ANYLYSIS ☆☆☆
⚠️ This Post Only For Your Saftey ⚠️
1️⃣ Resistance 👉 10800
2️⃣ Resistance 👉 11180
1️⃣ Support Zone 👉 10120
2️⃣ Support Zone 👉 9880
Bitcoin Now Moving Between Key Support 10500 To Resistance 10800 , Price Moving Here More Then 5 Days.
I'm Smelling Something Big Move Up Or Down. So Always Use Stop-loss For Your Saftey. If BTC Want To Fill The CME Gap We Can See BTC At Near 9640 + -
✌ Hit The Like Button & Appreciate My Hard work ✌
⚠️ CHECK YOUR OWN ANYLYSIS ⚠️
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Best Of Luck...
BTCUSD 1M-TIMEFRAME ANALYSIS 💡BTCUSD 1M-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Bitcoin
My idea is that BTC will continue to downtrend
Very bad monthly close
rejected from the resistance 10000
Targets
8600
7500
I hope my idea is clear
Support me by like and share
Good luck 💰💯
BTCUSD 1W-TIMEFRAME ANALYSIS 💡BTCUSD 1W-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Bitcoin
My idea is that Bitcoin will continue to downtrend
Support is between 9000 and 9200 It would be good to test it, and test of the historical downtrend
The bulls defend these areas strongly
From there we will start the bull market 💪💪💪
I hope my idea is clear
Support me by like and share
Good luck 💰💯
BTCUSD D Tweezer top formingThe KING-crypto is currently forming a tweezer top on the break of trangle pattern the possible movemnt of sell could be imminent of trade closes as full tweezer top to about $10k resistance. Alternatively we could be seeing new yearly highs reached on the crypto run update season. kindly note that whenever Bitcoin experience bull runs most cryptos pegged with it fall and vice versa. kindly like and comment
BITCOIN DONT MISS THIS OPPORTUNITY 2000$ MOVENO HARD SCIENCE . THIS WAS PRE PLANNED move and easy to catch i dont trade crypto but got some requests so here is my analysis for it. CUP and handlen pattern. please like and follow and share your feedbacks also if you want to know entry points kindly comment
BTCUSD Update: Whats next? I think by now, it has and always has become apparent that cryptocurrencies like BTC are susceptible to whale market manipulation - meaning those with large % of BTC holdings are able to manipulate the price of BTCUSD to a certain degree to stop out many small time traders, enabling themselves to massively profit from the large surges in price change in their favour. In these cases, the ones who suffer the most are the highly leveraged traders in a market of strong momentum, when everyone is sure of the market direction, these traders put in LONGS or SHORTS with high leverage in their false confidence, and BAM, spikes of reversed volume by the whales in unison, the price swings in the opposite direction, as they hit the stop losses, the trend accelerates with newfound strengths from the STOPS getting cleared out.
Example in our BTC dump occured just a few hours ago, from the highs of 10400 to lows of 9135:
- Initial surge in BUY to 10400 came in sudden with JUST ONE spike in massive buy volume, immediately followed by pullbacks and profit taking (which is normal)
- BTC then appears to be bouncing off 10100 slightly, with much smaller volumes of consolidation, mainly buy volumes
- Trader sentiment is mostly BULLISH by now, with MACD strong in the BULL ZONE and BTC above 10100, its highest since Feb 2020 pre-crash
- BAM! Huge massive SELL volumes out of nowhere (although we can see a rejection wick in the previous BULLISH candle after touching 10200, it is still a bullish candle + the wick is relatively short = not enough to signal a reversal to sell)
- The massive SELLOFF dropped to 9100s in the HOUR ITSELF, stopping out thousands of BUY trades with stop losses estimated to be at :
--> 10000S for short time traders
--> 9800s for mid term traders
--> 9300s for longer term traders
TRADING IS REACTIVE, NOT PREDICTIVE
Therefore, we watch for the following opportunities:
- Now we see long support wicks validating 9400 (0.236 fIB LEVEL) as a VERY IMPORTANT SUPPORT ZONE, breaking this would bring us DOWNWARDS towards next support level @ 9300, as such I see more possibility of upward movement with these overlap of support zones.
- an HOURLY H1 close above 0.382 FIB LEVEL @ 9650 with a strong bullish candle stick gives us a LONG opportunity towards the 2 targets shown in the chart @ TP1 9750 and TP2 @ 10100
As always feel free to like and follow if you enjoyed my ideas, trade carefully with stop losses and happy trading!
Best Regards,
GOLD D ROGER
#BTC/USD BULL and BEAR Scenario+ SAFE EXIT PLAN.It’s Subscribers like you that make my IDEAS awesome. Thank you very much for your unwavering attention and support so far. Cheers! and welcome to this new update.
6 hours back I updated my last idea that we will touch 9900 soon AND WE DID EXACTLY HIT 9900.
WHAT NEXT?
FIRSTLY UNDERSTAND THE CURRENT MARKET SENTIMENT:
A week back people were bearish and no one wanted to long when BTC hit the 8100 area and BTC pumped and started trading under the rising channel. That move ended up being a wick in HTF.
Now people are bullish and I must say very bullish. This is the concern.
SO WE MAY SEE AN IMPULSIVE MOVE TO THE UPSIDE AND THEN A BIG CORRECTION.
Currently BTC is trading under an ascending triangle which is due for a breakout. As per chart the breakout should happen within the next two days and 8 hours.
If it breaks to the downside $9185 is the SL for longs or getting our of the market. And If it breaks to the upside we will follow the following strategy:
MY STRATEGY FOR BITCOIN:
I will try to lower my exposure from BTC within the area $9900 to $11680.
THE SAFEST EXIT IN MY OPINION WOULD BE within $10400.
(Not a financial advise)
IMPORTANT LEVELS HAVE BEEN PLOTTED IN THE CHART ITSELF PLEASE OBSERVE AND LEAVE YOUR FEEDBACK.
ALTCOIN STRATEGY :
Because of this MOVE in BTC many altcoins will have negative rallies which will eventually result in producing new buying opportunities.
That's is the time when we must consider entering alts by following proper TA FA and Keeping an eye on Dominance charts/alt mcap
I will be posting all the charts here on tradingview.
So please LIKE THIS POST AND FOLLOW ME FOR MORE DAILY UPDATES and FREE EDUCATIONAL CONTENTS.
I will end this update with. this note - Never be too greedy, take profits when they show up. BTC is due for a correction its just about finding the top which now one knows so we try to exit safely and buy back lower by being patient.
THANKS for your unmatchable support.
Stay Safe
#PEACE
BTCUSD BITCOIN Technical Analysis: Top of Ascending Wedge!!BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen.
Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major resistance @ 10000.
A rejection by the wedge top would bring u to the nearest support @ 9550 - 9600 region, which coincidentally overlaps with the 50 moving average (MA) line, further strengthening this base as a strong support, offering us a quick SHORT opportunity.
Therefore, I would not suggest buying in at this time, but wait for the pullback to the bottom of the wedge then rebound confirmation OR a breakout above the wedge with bullish candle pattern confirmations.
As always, trade carefully and with stop loss orders. Feel free to like my post if you like what I shared, thank you!
Best Regards,
GOLD D ROGER
A humble, beginner trader
BTCUSD Bitcoin: Retest of 9.8K & the big 10K !!!So far, the 9200-9300 region has been validated as a strong support, which includes:
- 200 MA line (Yellow)
- Bottom support of descending wedge formation (Green line)
- 0.236 Fib retracement line
Three times BTC has touched this region and rebounded to the top of the descending wedge, now having broken out of it to hit the highs of @ near 9600.
Now we look for BTCUSD to retest the top of the wedge, also the 0.382 Fib level. If it rebounds from there, we could aim for a LONG Opportunity to the 0.786 Fib Level at least @ near 9800.
OVERALL FUNDAMENTALS: Really Bullish with greater media attention now especially with
- Paul Tudor Jones endorsement : might see a laggard spike in moves taken by larger funds into BTC holdings
- Recent JK Rowling Uproar: her innocent question about bitcoin and its uses
Miners seem to be driving the prices higher to maintain mining operations with the halved rewards, I don't see a mass capitulation very soon with bullish momentum feeling so strongly
Bitcoin holdings in wallets outside of exchanges/BTC flows out of exchanges have massively increased, I see a gradual yet imminent demand surge for BTC as soon as fund companies start snatching up the supply.
At the moment, I would be focusing on BUYING IN on any major pullbacks along the way. Most shorts taken now likely to be on 10-20% pullbacks in a increasingly apparent parabolic uptrend and that IS NOT ADVISABLE.
As always, FEEL FREE TO LIKE AND FOLLOW and always trade carefully with stop loss orders!
Regards,
GOL D ROGER