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Bitcoin-price

It happened!! As predicted The price action broke down through the lower median line as we feared would happen. But this is a great opportunity to buy more. Give it a little more time to see which way the trend continues and don’t be afraid. These corrections are temporary. The RSI is showing a divergence and we can see the new areas of interest. The graphs gave us these signals yesterday and now it’s time to take advantage of what we know will likely happen next. Don’t make any investments you are not comfortable making. None of this is trade advice, but purely analysis and chart explanation. Happy trading!!
COINBASE:ETHUSD
by hbayatne
BTC freefall to $42,000 beckons amid drained bullish front Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation. Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially, traders anticipated support at the 100 Simple Moving Average (SMA) and the 50 SMA on the 4-hour chart, but the gravitational force seems extremely hard to stop. Meanwhile, the bellwether cryptocurrency is trading slightly above $47,000. Short-term technical analysis shows that the least resistance path is downwards. This is emphasized by the Moving Average Convergence Divergence (MACD) on the same 4-hour chart. The trend momentum indicator has also flipped bearish following the MACD line (blue) cross under the signal line. Additionally, the technical indicator is falling toward the midline and may extend the action into the negative region. Bitcoin is expected to secure support at the 200 SMA to halt the losses. However, if push comes to shove, BTC will extend the bearish leg to $42,000 due to the lack of a robust support area. The In/Out of the Money Around Price (IOMAP) model by IntoThepBlock bolsters the massive resistance ahead of the flagship cryptocurrency. Recovery from the current price levels to $50,000 will not come easy, especially with the selling pressure between $48,450 and $49,816. Here, nearly 1.1 million addresses had bought 504,000 BTC. On the flip side, the same on-chain model reveals that Bitcoin’s downside is also strongly supported, which means that losses as far as $42,000 may not come into the picture. Consolidation may take place owing to the support running from $45,660 and $47,026. Here, approximately 739,000 had purchased 445,000 BTC.
COINBASE:BTCUSDShort
by CoinGape
4
BTC target 58-90k(+++) bullish / 35-42k bearishI think upside is way more likely, we have entered orbit and is 30-40% into our journey of pure parabola chaos. The previous years in the crypto scene has been like the beginning of Space Odyssey, donkey investors learning the tools of trading to survive and only recently has grown enough to become a self realized being, a fractal of creation shooting through 4d space and becoming God itself - Bitcoin. (unrelated point, if skynet needed a power system to ensure its survival wouldnt btc be the perfect way to do it lol) Personal price target of next cycle ath, 208k conservative(give or take 50k) fun scenario, 500-800k. Fibonacci prediction: 42k next bear market bottom and next parabola 1.5 mill only way this is wrong is if there comes more money into it
BITFINEX:BTCUSDLong
by confirmationbias
IMPORTANT DECISION FOR BITCOINHello friends, I have spotted a massive H&S pattern. This could mean that Bitcoin could dive deeper into the lower levels. Looking at the technicals it seems that the trend is weakening. The long waited regulations concerning crypto will definately have bad influence on the prices. If no other big players gets in to the game, as expected BlackRock or other funds my expectetions are very bearish. Other than that, we also broke down from a massive symmetrical triangle, which had the same target as the H&S. Stochastic on the montly chart as giving as a bearish signal. Be careful, trade smart. Dont be with the fomo sheeps. The whales will want to sell high. Until we break 38000-39000 $ levels, I am on the bears side. Namaste!
COINBASE:BTCUSDShort
by meriliness
3
4 position in SHORT- Profit 15130. BTC/USDT <Full analysis>15 Trading Day - Profit - 54826pips/$.... Loses - 4395pips/$ Hello dear friends - I congratulate you on the second achieved take profit - 3830 points are taken from my open trading recommendation. As for private trading ideas - here you can see the profit yourself, below - under each trading idea. Full breakdown of the fall. This is not luck, this is a full-fledged analysis, in which I gave precise recommendations and asked everyone, the second day - not to trade for long position. This is how people make money on private ideas.
by UnknownUnicorn13204076
2
Doing reverse position Long Busted 130 pips BTC/USDTHello dear friends again, I am planning to close the short position. the price was smoothly returned back, and therefore, I expect continued growth, closing the short position with a loss of 110 points. Because, at 1h TF, we have a complete absorption of 2 hours of the fall, which tells me that the buyer will continue to "drive up" I also marked my "special analysis" on the chart a strong zone in which a small flat can be traded for accumulation / distribution. Therefore, if the price overcomes the 25950 mark, I will close my short, and I will open a long for such target updates: Buy 26000 26200 - 26600 - 26950 - 27300. I set my stop loss at 25550 If this does not happen, then the short position will be opened further ... But I write right away that if the price is again 26000, I will buy ... I also understand that the price very often returns to its original point, and even more so when it is sandwiched between strong levels that push the price away, namely 25600-25900, and I understand that I lose a small part of my profit on such positions, but when the price rises, it goes up or down without stopping, so in order not to fall into such a pattern, I prefer to trade this way. Yes, many can condemn me for this, but friends, I follow all aspects of trading, monitor risks and money management, and also follow the chart, almost all the time, and if something is wrong, I will quickly react to it, and without hesitation ... I will make the right decision for myself and for those who trade with me. After all, my statistics speaks of itself
Long
by UnknownUnicorn13204076
4
Will BTC price achieve the historical maximum?Hello, dear subscribers! Today we want to briefly analyze the further possible BTC price movement. At 16th November the price broke up the falling wedge 1, after that huge price growth was. Last two days the price formed the falling wedge trading pattern again. It was broken up again today. It is a bullish pattern, and there is a high probability of growth continuation. On the other hand, the Accumulation/Distribution indicator demonstrates the increasing bullish activity for the last two days, while the price is in decline. We have divergence here. As a result, the indicator and pattern analysis demonstrated the potential price growth. If the price will break up the resistance, we can see the new historical maximum.
by Skyrexio
BTCUSD Falling Wedge Through October 100% to 138.2% TargetsBITSTAMP:BTCUSD I feel Bitcoin will trade within the Falling Wedge Pattern through the month of October, and possibly into early November. The Parallel Channel should act as container until capitulation. Here is what StockCharts . Com has to say about this pattern: The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. I hold the proposal that Bitcoin can correct to the Fib. Extension Levels between 100%($8,560) - 138.2%($7,558). If BTC breaks past the 161.8% Fibonacci Extension, then perhaps the move should be considered an Impulse Wave, and further drawdown can be possible. In the linked idea below, please review my analysis for the roadmap I've proposed regarding Bitcoin potential patterns playing out, as well targets for WXY correction. Also, If/When Trump wins, the DXY $Index should resume its bearish momentum into 2021. Of course, I may have it all wrong....Let's See! Some Alts may already be signaling possible reversals; OMG, ADA? Then there's THETA, the silent killer, just creeping up!
BITSTAMP:BTCUSD
by TheFreeCryptoPress
7
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders, Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel. As you can see from the chart, we should find support soon (maybe by the end of the week). Good luck traders! Many blessings to you all.
COINBASE:BTCUSDLong
by stewdamus