Bitcoin 100k ScenariosSo here you get my view on 4 scenarios to go 100,000$. i made it very simple in graph. Don't check the live price of BTC on this analyse cuz i used BLX index.
1. Greedy Scenario (Green) :
- BTC break 50k now and still have FOMO Power and go straight to 100k.
2. Optimistic Scenario 2 (Yellow) :
- BTC will pass 50k hardly and retrace around 38K (61.8% Fibo) and back up stronger to Break 50k.
3. Realistic Scenario (Orange) :
- BTC will pass 50k and retrace to 20k first before restarting his pump.
4. Sad Scenario (Red) :
- BTC will retrace to 9K ish ( EMA300), this is the Strongest support for BTC.
i am naturally optimistic on BTC so i would bet on... Scenario 2. Let me know what you think in comments.
Happy Tr4Ding !
BLX
BTC/USDT (Support Found?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have found support around mid 45k dollars region
-This is a confluence of previous trading support zone plus 50 Moving Average
-There is a potential short-term resistance trendline at 48k dollars
-This may act as a barrier but if Bitcoin can overcome this line
-I think we can be safe again in the next few days of trading
-We saw corrections on most Altcoins today
-But that is normal and is expected due to profit-taking
-Since the Altcoin market has been strong for the past few weeks now
-There is no need to panic, just make sure you can buy the Altcoins at a dip
-Provided these coins are at support and moving averages like 50,100,200 are aligned
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🔥 Bitcoin Has More Room To Grow: Logarithmic AnalysisIn my previous long term Bitcoin analysis I argued that we had much more room to grow, more than 50% actually. This post is to indicate that the current bull trend is far from over and that we, most likely, will have another couple of weeks of the current market.
Seeing this week's sharp increase, the following couple of weeks will most likely be bullish too until the price reaches the upper resistance on the chart. Around that area, be wary that the price might reverse and start a bearish trend. Do your own due diligence.
Happy trading!
BTC/USDT (Short-term Consolidation?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is approaching near 50k dollar resistance level
-The price is reacting to every good fundamental news recently
-It is currently consolidating and retested the 20MA short term support
-The price bounces off for the 2nd time around which is a good sign of strength
-It seems the 48k dollar resistance area is acting as a strong barrier
-Though buyers are still interested at this high price
-I can say, Bitcoin is like to consolidate in this range until next week
-If it does, the chances to break this resistance zone will increase
-For now, there is no major red flag and the Altcoin space is loving it
-But always remember to follow your trading plan and put stop loss always
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Maker & Early Bitcoin ComparisonComparison between early formations within BLX (bitcoin) and MAKER (MKR)
I believe maker has massive upside potential, I am long
Bitcoin Full Bull Cycle 2021 $194k $BTCBNC:BLX
Fibs are based on log and 0 fib from the last two cycles are drawn from the previous 1.618 fib levels (pink lines).
Max Keiser's $220k target is basically the 2.3 fib extension using the very bottom of the 2020 bear market bottom wick.
My target is the 2.39 fib extension which is the average of the two previous bull market fib extensions 2.3 and 2.486.
This gives a bullish target of $194k. While I think Max Keiser's target is possible it's only a 12% difference and could be an intraday move.
You don't have to catch the top, you just have to ride the dragon most of the way
BTC/USD (New ATH Today)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin hits new ATH today after the recent news
-What I would like to see if the candle can close above 41k dollars
-Because that is the candle body resistance area last January 9-10
-If BTC can finish this after 6 hours left before closing
-That would be a strong sign for the Bulls
-So I'm expecting more upside scenario in the coming days
-Congrats to the Bulls and long term holders
-For the Altcoin side, some may have pullback due to money flow transfer to BTC
-But soon as the BTC volatility slows down, expect another rally for the Altcoins
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BTC/USD (Retest ATH?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin broke the mid resistance line around 39k dollars
-This is a strong sign of strength is terms of price action
-There is a high chance it will retest the ATH price at 42k dollars
-But if the Bulls can't pass through new ATH
-The next potential scenario is to retest the 39k area
-Interesting weekly candle close
-I will update the new analysis tomorrow
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BTC/USDT (39k Dollars New Resistance?)💎Technical Analysis Summary💎
Binance: BTC/USDT
-Bitcoin did a good job breaking out the trendline resistance
-It also manages to hit the near 39k dollars area
-But immediately found resistance the second time around
-The 38k-39k dollars is the next key area that needs to break in the coming days
-If BTC will try to retrace the potential local support is around 35k dollars
-The Bulls must defend it to keep the strong momentum alive
-There is no major red flag today, only potential minor correction
-The altcoins are safe for the next few days
-But always remember to put stop loss in every trade
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BTC/USDT (New Sign of Strength?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin is trying to break above the trendline resistance today
-There is still less than 6 hours left before this daily candle closes
-If the BTC can hold around 33k-34k dollars, that would be a good Bullish sign
-This will give us a strong bias that the trendline resistance is no longer valid
-If it can form at least 2-3 green candles in the next few days
-The chances to retest the 38k-40k resistance will increase
-We can be safe for now and our immediate guide is the 9MA support
-Expect some altcoins to perform stronger versus Bitcoin again this week
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Levels to watchThese are some levels to watch in February. Saving for future reference. I'm quite sure in Feb btc will surely tough the BB support if not the Tenkan Sen support.
When ever any TF candle closes above BB upper band and next candle open up too than it definitely come down to not even test it but in most of time it break it down. In above chart we have same example and this monthly candle not even with test BB but the gravity power of tenkan sen will force it too.
BTC/USDT (Weekly Consolidation?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin tested the weekly 9MA support area
-We can see Bullish rejection around the 28-29k region
-The weekly candle will close in a few hours
-If this candle close above 32k level
-There is a potential weekly consolidation on the way
-During the long period of sideways action
-Altcoins may outperform Bitcoin in the short-term gains
-BTC might be safe for now against the Bears
-But let us not let our guard down and always look at both scenarios
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BTC/USDT (50D MA Strong Support)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin did a good job confirming the 50D MA as support
-The price went up from 29k to 38k dollars or 31% increased
-We only have few hours left before the daily candle closes
-If Bitcoin can finish the day above the trendline resistance
-That is a good sign for the Bulls and our bias will shift back
-For now, the Bitcoin Bulls must defend the 33k area
-That will be its potential local support during its strong uptrend
-The market is showing good healthy correction
-And I'll be looking for a potential Altcoin swing trade
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