Bitcoin-usd
Consolidation Before Market Open Signals Strong Move ComingGot a strong bullish wick on the 4hr chart, so it looks like Bitcoin is still very bullish right now. So should at least look for it to make a new higher high once it passes the 62814.64.
But it's still got to break the daily zone area of 61747.33 in order for that to happen. It's very possible that it will drop again, but let's cross our fingers for the BULL contamination.
BULL TP:
68132.89
with new levels added as price continues to go up.
BEAR TPS:
• 59603.93
• 58363.38 (monthly area, may pivot for buys here)
• 57231.56
• 55777.98
• 54364.49
• 52953.39
What is your opinion of the current and upcoming trend for BTC?Here you can see I am a slow and patient bear who ate his oatmeal and slept away Q4 & Q1 For all the stores were bear as well, So I bought moar oatmeal.
DXY looks like oatmeal
Not that I know anything ser's........ I like oatmeal
Me can only buy me oatmeal with DXY
Not really feeling like explaining this........I'm sure me shall be shamed for loving me oatmeal moar than me bloatmeal.
BTC Earth Or Moon?
Leave a Comment Below
BTC - Weekly Short TradeCurrently at 78.6% fibonacci retracement, should this hold on the higher timeframes I would expect a downturn from here.
Lower timeframes look good, Daily closes on or around the retracement around $57K is what im expecting.
This could be pricing in some negative news coming in soon, around the 15th - 18th October with the US Government running out of money.
Now Btc ready to Sunday CorrectionBINANCE:BTCUSDT
Sunday Btc Correction day becarefull last support 51 to 50 then i hope the btc pumping again and again touch 60+
BTCUSD SellGood afternoon All,
Hope you are all enjoying this weeks trades. To close the week, I want to share with you all this opportunity that we will be looking to take advantage of Before the COB today. We are now looking to sell the impulse leg down inside the bearish channel which is a bigger bullish flag pattern on the monthly.
I'm not lookig to go too aggressive on this, so Sl would be adjusted!
Entry and sl marked.
As always, comments, Likes, shares and welcome.
Many Thanks
Etherum (ETHUSD) supply and demand levels : weekly chart 10/5Good afternoon traders,
Today I am looking at the supply and demand levels for the most recent ethereum uptrend since its low in 2020 (~88.18). I am NOT a financial advisor, this is simply for entertainment/educational purposes: TRADE AT YOUR OWN RISK.
2020 Low of 88.18 (~3/9/20)---> the following two candles we see the DEMAND AREA being formed between (A 118.63) and (B 123.01) The total demand are is thus 4.38
-----> Trend then reaches a high of around 486.09 around late August,
--------->where price consolidates between 329.96 and 422.97 (92.95 area of consolidation)
From there, uptrend from 11/20 until 2/21, where it consolidates until ~3/21
------>Creates a important level which later will become a demand zone. The uptrend continues until 5/21. High of ~4458
Consolidation occurs from may until appx. 7/19/2021
------> The wicks from the downtrends are seen entering the zone created from the 3/21 consolidation creating a nice demand zone
Supply is reached again, for a resistance level of ~3980.97
Please like and let me know your thoughts! Have a great day traders
Monero on the journey to 10k!!All signs point to this future taking place. What could possibly go wrong?
Cardano symmetrical triangle outbreak - 4H ADA/BybitCardano symmetrical triangle outbreak - 4H Bybit
These are the two bullish scenario's that have a high probability of playing out in my opinion. BTC has had a big move and has not really corrected yet so could be a fake out for Cardano if BTC corrects to the downside. Stochastic RSI overbought so could see a move down soon hopefully to get a bounce at support. Long the retest! The arrowed lines are not time sensitive this could happen in an hour or in a day.
20th October could be DISASTER day! October and November could see Bitcoin price sink faster than the Titanic because of an ongoing court case in Japan! This case is against Mt. Gox who were once the worlds largest Bitcoin exchange, the company filed for bankruptcy in 2014 after numerous hacks which saw 850,000 Bitcoins disappear. However 200,000 Bitcoin have now been recovered and will be sent back to their owners either in the way of cash at the price BTC was at in 2014 $450 a coin, or they will be returned as BTC at todays price depending on the outcome of the court case.
Either outcome could spell trouble for BTC price because if investors do get returned compensation as bitcoin they will more than likely sell as their investment has massively gone up from $450, casing a market crash as the estimated amount of BTC to be distributed is £4bn! Just imagine the carnage of 4 billion worth of BTC getting sold all at the same time.
Lets look at the other outcome, say the investors only get $450 back each, the company that went bankrupt will have the 4 billion BTC, what do you think they are going to do with this? That's correct SELL! So either way BTC could be coming for a massive push down.
This is just something to keep your eye on.
If you have any questions then please just ask.
Cheers.
Bitcoin: Bull or Bear 🤔Downside week for BTC, we expect the fall to stop at $40,500 or $37,600.
Then we hope for a dignified reversal.
BULLFLAG 1H, 100MA STRONG SUPPORTLot of fud in the market in the whale media. We are still very strong bullish way.
Bitcoin Inverse hs, first target 50kalso harmonic shark patern in smaller hs. so I think that 50k is possible. Long till 50k
Bitcoin 1 Day Chart Descending Triangle & Fractal PatternBitcoin on the daily timeframe seems to have formed a descending triangle and has a fractal playing out from earlier this bull market. I think we could see some further downside in the next coming 1 to 2 weeks or we just see a big bounce from here. September has always been a bearish month for bitcoin in general so this bearish price action was not unexpected. If we see a nice recovery from this dump and don't go any lower than 37K I think we could see another leg up for this bull market if we do go lower a recovery would be harder but still possible. Let me know what you think.
BTCUSD Daily Price is now at key level support of the current uptrend, & I am anticipating for price to continue higher up into the supply zone above if remaining above the structure support zone..
Bitcoin (BTC/USD) - Trend, Resistance, Support - Weekly - 2021Bitcoin (BTC/USD) has been in a weekly uptrend for the past five years (2016 to 2021).
BTC price is currently seeking to re-test previous all-time-high prices of $60,000 to $65,000.
Bullish scenario:
-Weekly uptrend continues, resistance levels are broken up above, higher-high is set.
-Resistance prices: $60000, $62670, $65000, $70000, $79604, $96068.
Bearish scenario:
-Weekly lower-high is set, price is rejected back down to previous support levels.
-Support prices: $46253, $37810, $31378, $25000, $20739, $12097.
Note: BTC chart is on logarithmic (log) scale.
BTCUSD; Where to next?Brief Technical Analysis:
According to the Daily, Btcusd had been consolidating around the 50k zone before it declined to a newly recorded low of $28,970.
In essence, sellers entered the market at approximately the 64k zone as they were eager to short on May 12th 2021, following Musk's tweet expressing that the electric carmaker had allegedly suspended vehicle purchases using bitcoin, as he anticipated environmental concerns with the Cryptocurrencies computational “mining” process. This was ultimately detrimental to the price level of the coin as not only did it mean that Elon's tweet wiped over $300 Billion from the Crypto, but it also intensified the selloff amid fears of the currency's value.
In the process of recovery where the price did not manage to fall below the $28,000 support level, some bullish momentum began to pick up as it rallied approximately 15%, providing buyers with a redeemable entry opportunity.
Price further spiked to reach resistance at $40,720, where some CEOs of major tech giants had expressed their enthusiasm for Bitcoin. This eventually unleashed some additional bullish momentum as it broke the resistance level causing a broader audience to buy into the market.
Furthermore, a second resistance level was established when sellers failed to maintain their shorts, and buyers sought to outpace them in the market as the coin continued to surge.
It is currently floating above a vital support level where we could potentially see the Crypto heading upwards at a faster pace before the market corrects once again.
Fundamental Analysis:
BTCUSD has been quite an indecisive instrument over the past few months.
It has projected a 52-week price range of between 9,891 (Low) - 64,788 (High), as it fluctuates in accordance to various market conditions. Expectedly, it had also encountered some fundamental support prior to its bullish run by the Tweet Artist Elon, who is the founder of one of the major EV companies Tesla, as he influenced some of the crypto's major price movements.
In this instance, some people may perceive the Cryptocurrency to not be as robust in overcoming some fundamental sensitivity however, it has indeed experienced some vast sell offs due to pessimism about its future as it competes with some newcomers.
Despite some talk regarding the rise of other Cryptocurrencies attempting to gain some hype in the market, Bitcoin is still amongst the top including Ethereum, Litecoin, and Ripple.
However, one ideology concerning its survival within the market is supported by the skepticism in some audience regarding its present bullish run, that may not last as long as anticipated due to the severe volatility associated with the coin.
This questions its future price level considering that individuals would hover towards other less volatile coins to exchange with, so that the risk of it becoming a liability for them in future is drastically lessened.
Moreover, in defiance of some of the other major tech company CEO's such as twitter founder Jack Dorsey who currently vows for the Cryptocurrency, many major institutions such as MasterCard, UBS, and JP Morgan, have been injecting funds of up to $65 Million Dollars to support a Start-up endorsing Ethereum, as one of the other major Crypto players.
Another factor to take into consideration is the future rise of CBDCs, also recognised today as Central Banking Digital Currencies.
At present, Cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Stellar may be stealing the spotlight however, Central Bank Digital Currencies aren’t too far away from the implementation process. The problem with decentralised virtual currencies is that they fluctuate too often and are extremely volatile, which makes it inconvenient for commercialising with different methods of transaction as well as price setting for goods and services, providing that its severe volatility correlatedly promotes a presumptuous inflationary gap.
To summarise, in order for Bitcoin to gain the people's assurance of its stabilisation as a dominating decentralised method of exchange, the implementation of some sort of Price floors and ceilings is vital for its long-term role as a trusted Cryptocurrency that individuals can rely on during any point in their lives.
