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Bitcoinupdate

Three senarios for bitcoin right now, be watchfulWarning: our thoughts are ours; not financial advice. A careful observation of the bitcoin chart this morning, and we can see that there are three case scenarios for bitcoin at the moment. One must play out in a day or two. Maybe slightly more, but very soon. Scenario 1: ABCD Points ABCD is an uptrend channel that started on January 27, 2021. This is the second time we are testing the lower end of the channel in the past six days. If this trend must continue, we must close above that line today. Scenario 2: BEDF Points BEDF is a downtrend channel that started on February 21, 2021. If we break the support line of ABCD to the downside, we will be confirming the BEDF downtrend line and we should see bitcoin price continue to decline to the $42K - $41K in the coming days. Scenario 3: BDE Points BDE forms a triangle. Breaking out to the upside of this triangle means we are confirming the ABCD uptrend (scenario 1). Breaking out to the downside of this triangle means we are confirming the BEDF downtrend (scenario 2). How we plan to play this. If scenario 1 holds true, then we'll be buying a large number of bitcoins at the breakout to the upside. If scenario 2 holds true, we'll wait for a bounce at the bottom line of the channel and take the trade to the top line of same channel. If scenario 3 plays out today, we'll just wait for a breakout to the upside or downside, then take our trades accordingly. Good luck with trading this week.
by coin-barbie
2
Big gap on CME. Correction $16500 or growth to $ 20,000Hello dear traders. At this time, it will be decided where the bitcoin price will be led. Most traders talk about a price decline, since a correction is needed. A small part of traders simply sit on the sidelines and do not understand what is happening. Even less - speaks of the price hike up. I will try to explain to you what to expect in this case, since you see, my previous idea worked as it should again (18150$)! From this price - 18150-18500, you can try to look for a short position to update the price value 17200-16800-16500. (The margin gap is $ 1145 - don't forget that!) At the price 18150-18650 - we have a strong market maker level Which will be hard to break! Also - we have a large gap in the price of CME. which is closed in 91% of cases for 3 to 14 days. But 9% of these gaps are not closed - do not forget about it. This can be a trap for traders. We need a correction and updates 14000-12000 for bitcoin. The big player knows this. So why not fool everyone again. So how did you get a decent volume for the hike up? And many will agree with this. But do not forget that according to many indicators, we are overbought, a new weekly candle will close exactly at its half, which for many will mean an increase in prices and opening of longs! And I will support you. For myself, I have designated two strong levels. It's 18150-18650. If you see - a breakout of the price, and a creep above 18650 - then the price will be sent to update 19000-19500-21000-22000 per bitcoin. Since we have a picture - impulse, correction and continuation, a new upward impulse! But for myself, I have so far chosen the short position, since the volume is falling, there are much more upward movements than the bottom, a gap, a new trading week, and indicators at 4-6-12 hours speak for themselves! I think we will form a double pattern (W) Therefore, from such a value as 18200, with a stop at 18750, I open a short position - in order to update the lower border. and finish this cycle the way it needs it! Plus, this impulse - it just absorbed all the growth that took place for 7-9 days. (I do not remember exactly) Therefore - tomorrow, on Monday, when the CME is opened - you need to be ready for an impulsive price movement! in which side - it is necessary to look at whether we will be above 18150-18350, or below 18050. P.S "I apologize for my ENGLISH, I don't really like to explain the meaning - but I hope you understand what I mean and what I expect!"
Short
by UnknownUnicorn13204076
Bitcoin getting ready for the next move in short termHey guys welcome for a fresh crypto update -------------------------------------------------------- A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :) -------------------------------------------------------- As you can see in this chart we broke out of an descending triangle and got rejected at the resistance. It seems like we are in a channel but we don't have enough candles to confirm. From what i am seeing we might retest the support at 10850$-10750$ level and if we held the support we will revisit the 109xx level and eventually retest 11000$. But if we breakdown the support we will revisit 105xx level. I am still bullish on bitcoin and these are the levels to watch out. You can trade in the levels mentioned above. Thanks for reading... For further inquiries or questions dm or comment below -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
BITFINEX:BTCUSDLong
by Husain_Arkghazi
8
BITCOIN UPDATE ON THE 15MINS CHART.Here is an update on the 15mins chart. 3waves down from 11.2k region to 10.3k , and wave 4 is forming an expanding triangle. Expanding triangles are five-wave triangles. Triangles are pattern that appears usually in the middle and at the ending stages of the trend, they are usually seen in wave 4 in a motive phase and waves B & X in a corrective phase. I think I should make an educational post on triangles later. From the chart we can see the last leg of the triangle (wave E) forming If you're yet to enter the short position, wait for the triangle completion. I think that should be around 10.6k region or slightly higher. From there, we can re enter a short position and ride wave 5 to the downside. Once the correction is over, I'll post an update on the potential ending point for wave 5.. Don't forget to hit the like button if you enjoyed this short update. follow me to get more hands-on update. Share and drop your comments below if you want me to make an educational post on triangles. Your viewpoint and questions are also welcome in the comment section. Thanks you. See you soon traders. Namaste
BITMEX:XBTShort
by Nueel_classic
2
Bitcoin - Two Scenarios - Range and Bear Trend Resumption (LL)Bear Spike/Climax then bear trend contained in Channel. Lower Highs and Lower Lows. If price breaks above the Bear Trendline, I am expecting it to transform into a Range. 11830 is having good context to become the range high as the Present Weekly High is at 11826, Previous Resistance and Measured Move Targets. On Daily Chart, Bear Breakout is very recent and comparatively small, It is likely to aim for Double Top formation at 11830. If price reverses from Bear Trendline then bears will be trying for Lower Low. Strong Bear Breakout is likely to initiate the Failure of any Bull Breakout above Bear Trendline. I think breaking below 11382 will start to make things clear for the Bear Trend. Explaining the overall scenario always helps in decision making and taking trades at the crucial level.
by Good_Trading_Calls
5
⚡BITCOIN PRICE MOVEMENT⚡ UPDATE 🚀💣Hello, friends. 💓💓💓That's my new update of Bitcoin prices movement . Today, the price touched the level of 8,900 and managed to rise a little. 😉 The price may be a little sideways or even start to grow a little, but we should be prepared that before going up we can test the level of 8,600. 👊🏻 💥I remind you that now we are in the distribution zone at the final stage, so a drop price is possible.👇🏻👇🏻👇🏻 💥 It will be very useful for your self-development.👇🏻👇🏻👇🏻 ✍🏻If you have a suggestions for edu ideas, write me in the comments, I'll definitely do it for you. Please, support me with like, I'll try to be useful for you.💓💓💓 Stay with me💋 Your Rocket Bomb💣🚀
BITSTAMP:BTCUSD
by RocketBomb
14
Last News and updates for Bitcoin!!!On this technical analysis, i want to see the H4 timeframe that we are in a descendent triangle with a possible to open a short. I put my order on this level aprroximattely in $8,803 USD and a SL in $8,987 USD. Now, there are an another situation that if I going to the H1 timeframe we see a Shoulder Head Shoulder in formation. And the RSI it's comming of the oversold in the past days, so this is a great indicator to a possible bearish trend soon on Bitcoin, don't worry, but, I calculated a drop of very biggest in Daily, while we are in the descendent triangle that this is like a consolidation of the price, so, the only I hope is that Bitcoin going to break down this chartist pattern and going to a huge sell. Now, in that case the shoulder Head Shulder may not to take in watch up. But, some important if the price doesn't resist the volume of Bitcoin to sell and buy, we can to see finally a Bitcoin moving to a short movement as represent below of this paragraph. Look in H1 and put your volume indicator how much Bitcoin in sell and buy In daily zoom we see a Bitcoin to going to change the trend bullish to bearish in this zoom scenario. But, if we see carefully, we are in oversold in daily, so, review of all technical analysis that I making of Bitcoin, comming soon we could to see a drop down of the price.
COINBASE:BTCUSDShort
by harisonhbn9718
BTCUSD forming bullish BAT | A good long opportunity aheadThe World's No:1 ranked cryptocurrency Bitcoin (BTC) is forming bullish BAT pattern on 2hr chart and expected to enter in bullish potential reversal zone soon. Lets have a look on the BTC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $7153.07 to 7105.86 Sell between: $7265.77 to $7434.52 So this is a good and very short term long opportunity for Bitcoin traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
BITSTAMP:BTCUSDLong
by moon333
#BITCOIN : The Rise And Rise - Where To Go Next?#Bitcoin_Update After our last signal on Bitcoin stating Bitcoin is on the way to confirm an inverse H&S pattern it did managed to do so to breakout from the area for a test on the major resistance line at 12871 USD and rejected at around 12830 USD area for now for a possible healthy correction. We still couldn't say we can tell the exact possible targets for an impulsive elliott waves but we are still in a bullish trend for Bitcoin. It is currently holding above the 11758 USD support area for the short run. In the short time frames a rising wedge triangle is trying to form and looking for a further break out scenario. Since we are in an unconfirmed state of trading on Bitcoin there are many possible outcomes to happen but we will see the major scenarios that we think we should consider while trading. Scenario 1 : This is our prediction which holds the most possible scenario to happen on Bitcoin for the short run and is it will be heading first the resistance which it was rejected and will most likely breakout if it can hold its support at the moment and will likely be heading to test the yearly high of 13.8K USD area. Psychological impact all over Bitcoin's trading area's is making look the trade more bullish than it was by the past week and major indications for a bullish run are still active showing that there is still possible bull runs from Bitcoin. Scenario 2 : This is the scenario in which we still believe that Bitcoin will need one more major correction but after the developments we have seen on Bitcoin by the past 10 days the correctional idea is becoming lose energy. The neutral triangle formed after the bull run to its highest price level till today is having tested and trending and need to see the outcomes after seeing the possible resistance-support test of this major triangle. We will further give more updates once after we see a good indication on the trade after the end of the possible move from the triangle. Drop a Like if you agree with this idea and drop your comments if you disagree or argue with idea stated in it too. Further we would be happy if you help us grow our community base by following our profiles here on trading view and other social platforms. With Regards. TeamTWA @TogetherWeAccumulate
COINBASE:BTCUSD
by cryptotalk_et
5
Bitcoin : To The Long Awaited 10K level. Happening Now?!#Bitcoin_Update #4H After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term. Indications: MACD : looking very bullish crossing each other in favor of the bulls at all. RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market. Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000. Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level. EMA : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term. Conclusion : We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area. Please drop your likes if you agree or your comments if you disagree with this idea and lets learn from each other. Besides help us to grow our community by following our trading view profile too. Thank you. Stay Tuned For further updates. And you can follow our social media platforms for Live updates too. TogetherWeAccumulate With Regards.
COINBASE:BTCUSDLong
by cryptotalk_et
BTC Update : H&S Creation For A Test b/n $58XX and $63XXH&S creation seems to be building on the 4H chart. As we predicted the day before yesterday Bitcoin is on an Elliott correction wave and it is already showing at least a short term bearish behavior. Unless we see some miracle contented move by the bulls it seems its a must to test the support area between 58XX USD and 63XX USD. Note : Bearish trend not yet back again and downward trend will be confirmed if it break the support level that is depicted by a red circle and blue horizontal line in this chart. More updates will be available soon. Stay Tuned With Us. Please do consider to give your likes if you agreed with the idea and comment what you feel about if you have any doubt about it. With Regards. TEAM_TWA. Telegram Channel @ togetherweaccumulate VIP inquiry contact @ cryptonatii on Telegram.
BITFINEX:BTCUSDShort
by cryptotalk_et
BTC : 90% Mid Term Profits Achieved.Dear TWA subscribers its been a while since our team posted technical analysis forecasts here in trading view. we are glad you are still here with us while we were not doing our telegram trading channel on an active basis. This is mainly because of the market behaviour we have seen in thw last few months in addition to the works we have been doing specially related to our newly blockchain project which will make our service the best of all times. As we tried to explain it to you in earlier posts we are also doing fully studied and well organized trading tutorial materials which are going to available in few weeks. Our trading tips and signal posts will start to be posted in the very near future with our analysis team (in which brings additional well know traders across the globe.) We are still confident that our services were one of the best trading analysis teams and we will continue to give you guys the tips to gain high profits in short days. We would like to apologies for our passive activities regarding our services and we are looking forward in a postive angle that,you, our loyal subscribers will grant us a positive note on our apologetic approach. Let you give us your opinions on our services anytime as usual and we will be there to give you replys regarding any of your demands. We will post our weekly post schedules this week and services will start to be given again in an active manner. With Regards. #Team_TWA . Regarding our last call on Bitcoin we achieved almost 75% profits on our midterm prediction in around 90 days. Our Mid term target on from mid December is already achieved. A total of 75% profits and for those who waited patiently a total of 90.6% profits in just 3 months.
COINBASE:BTCUSDLong
by cryptotalk_et
Bitcoin Latest UpdateFrom its ATH at 20K to its recent low at around 5.8k area Bitcoin seems is creating a clear ascending triangle and it still will continue to consolidate inside the triangle. By this, since our likely forecast on bitcoin yesterday and is already going down searching for a stronger support. It seems it will touch the ground for the depicted traingle in the following 2 to 4 days and will most likely again started to the resistance line of the triangle around the 7.4k strong resistance. This is actually happening because of the ETF's delay till Sep 2018. Further we predict that most probably Bitcoin will likely rebounced again towards the base line at around 5.8k and on the uptrend reversal happening at those moments the breakout of the ascending triangle might show us a good higher highs. Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it. You can also follow our telegram channel for more news, TA, FA, and trading tutorials. With Regards.TeamTWA.
BITFINEX:BTCUSDShort
by cryptotalk_et