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Crytpocurrency

Is Bitcoin ready for a bullrun?Hi guys! As many of you know, fear is everywhere right now. People are scared. Which begs the question, is it time to buy? Let's see what we have on the chart. One of the bullish signs is that Bitcoin made a triple bottom. This shows that the market wasn't able to push the price lower. What's also interesting to recognize is that before BTC pushed higher, there was a long wick that penetrated the support level going below the previous lows. After that 3 bullish candle in a row followed the price movement. Was this is liquidity hunting? ;) After those those 3 bullish candles, the price made its first higher low and its first higher high. Besides that, the price made a triple bottom like I said, but the RSI made higher lows. So there's also a bullish divergence. Now, let's look at the EMA Ribbon (all those Moving Averages on the chart), the price is getting closer and closer to the dark EMA at the top of the ribbon. If Bitcoin breaks that, that would be a very good sign. If we look at the rectangle in the EMA ribbon, we can see that after that big bullish candle we had a red candle. But here comes the interesting part. You can see that the red candles after that were getting smaller and smaller. This is a sign of deceleration. This means that seller aren't that interested anymore. What's also bullish to see, is that right now, a green candle is following. Meaning that buyers are getting interested. If this candle closes near the high that it's making right now then we have an extra confirmation that the price is decelerating.
by EliteTradingX
BTC: A Tale of Three Counts (Ignore at your own risk)All three counts look like they need one more low before a bounce that tells the tale. I suspect the next bounce will suck in many unwary buyers expecting support at or around $40k to hold. While I anticipate a bounce off $38k, the probabilities continue to point price down. Red count is new to the party as of yesterday although it makes a lot of sense in terms of proportions for a measured move lower to complete the larger degree green circle iv correction. At the larger time scales, it basically follows the same price action as the green count down, but assumes we are still in the red wave i of circle green iv. Although all downside targets remain the same, it does have the potential to bounce much higher than the green count. Resistance shown in red. Green count is a more immediate downside count with the set up for a fast drop from green micro 2 to green micro three. Stops could be set just above the resistance for any attempts to short at green circle 2. Red count is the more sinister of the bunch as it has the potential to rally much higher than green circle 2 before losing momentum. Resistance shown in green. Yellow is still hanging on by a thread. But so long as it yellow (iv) does not cross below the price territory of yellow (ii), it's technically a valid ending diagonal with a choppy path to a new high. I think it's the lowest probability of the three counts at this point considering the weekly and monthly MACD show a loss of momentum at larger time frames. I will start plotting the yellow upside count to a new high after the bounce assuming price does not break below the invalidation point. #NotRecommendation #NotAdvice #AllMeasuredMoves
BITSTAMP:BTCUSDShort
by Nailed_it
SHORT BTC STILL BEARISHBTC FAILED TO HIT AND SURPASS 53K AREA BUT IS HOLDING A SUPPORT AROUND 45-48K RANGE. We could see a 20-30k bitcoin in 2022. Other networks are proving to be stronger use cases than Bitcoin with way faster transaction speeds and larger capacity + cheaper fees. Bitcoin is the daddy of all cryptos but it is not the most advance network or most powerful. SOLONA XRP AVAX i would prefer those for transactions for time and convenience. Please leave your likes and comments. Thanks
BShort
by Spapidinero
2
Bitcoin Bullish ( Pennant ) With the closing of the last weekly candle , this is confirmation of a bullish close. The pennant in yellow has not only been broken but the retest after the breakout has been bullish as well with the next confirmation being a broken 0.618 fibo level. Weekly MACD has started showing a lighter shade of red signifying lesser selling power , based on my gut instincts , the MACD lines are going to cross in the positive zone upwards. Close monitoring of daily MACD is confirming this. Target ? break of 1.0 fibo level and landing on 1.618 level.
BITSTAMP:BTCUSDLong
by Suria97
BITCOIN about to make that push!wassup my peeps, yes u read right, bitcoin to the moon they say well that may just be the case here. BTC is currently rebounding off the weekly support, also on the daily chart above we can also see price is holding above the 200 moving average and also we saw a pinbar candle close to a major support level. With these confluences and price action signals i will open a long position on BTC. entry 51022.5 stop loss 45606.4 take profit 65352.6
OANDA:BTCUSDLong
by Marofrassfx
1
Bitcoin update - What's Bitcoins next step?Hi guys! In my previous analysis we talked about the head and shoulders that Bitcoin was making. Eventually the market did indeed create lower prices, and there where a lot of Altcoins that went -15%. However, Bitcoin didn't reach the Head and Shoulder Price Target. Some people are saying that this is now the moment where Bitcoin will turn around, and create new ATH's. But if you look at the weekly chart, you can see that if the 50 EMA doesn't hold the price up. We could be in for a bearish continuation. Back in April, when Bitcoin dropped 24% from it's ATH - the MACD made a bearish cross and then the price dropped 55% if you look at it from the ATH perspective. Now in the present moment, Bitcoin dropped 28%, and the MACD made a bearish cross again. This means that if the price will drop 55% like it did in April, we could see prices around 30k. But, and this is a big but. Back in April, the 50 EMA acted as support. If this happens again, then we won't see such a drop like in April. Because you can see that the market is currently reacting to the 50 EMA . So conclusion is, that if Bitcoin doesn't break the 50 EMA , we're okay. As always, don't forget to like this idea so you can support this. And if you don't like my analysis, feel free to follow me.✌️
by EliteTradingX
2
DUSKBTC Hi Everyone, About Me: I dont consider myself trader or financial adviser, I am newbie in this industry and trying to learn about Financial Markets and trading. My sole purpose of sharing this idea is to get feedback and constructive criticism. I am self studying and in extreme need of a community who help me to learn faster and correct me when i am wrong. I will appreciate if you give me some kind of feedback and suggestion to improve my idea/thought process. Thanks. Thought Process: First thing that i look is projects fundamental, tags, market cap, little twitter and google search. Second i look for current market structure of the chart. To me, DuskUSDT for now looking like in a long accumulation phase. I try to apply the Wyckoff Accumulation Rules and i think they are very reasonably placed on the chart. Third, i will go for leading and momentum indicators. for this, i find OBV is increasing over all this accumulation time, RSI is also above 50. Volume is spiking up on Green Candles, and less volume on Red Candles. Forth, I found this project interesting both fundamental and technical point of view. Fifth, I am not trading any instrument yet, rather i just hold some for longterm or maybe till major pump. Sixth, So far i use my TA to find the undervalued or overvalued projects so that i buy on reasonable price. Last, you can find some project detail in below. Thank you for your time. Project Key Features: Dusk Network: the Privacy Blockchain for Financial Applications. FAST & CONFIDENTIAL TRANSACTIONS Strict on-chain data privacy via Zero-Knowledge proofs. Dusk Network is technology for securities. An open source and secure blockchain (DLT) infrastructure that businesses use to tokenize financial instruments and automate costly processes. There are already almost dozen of use cases elaborated on their website. Above content is copied from the original website Market Cap> $159,278,447 Max Supply: 1,000,000,000 Total Supply: 500,000,000 Circulating Supply, 38% > 383,163,706.88 DUSK Tags: Marketplace Privacy Smart Contracts Some of the Content copied from Website given below: dusk.network coinmarketcap.com
Long
by CryptoCaffiene
Bitcoin Update - What will happen now??Hi guys! It's been a long time since a did an analysis, sorry about that thoooooo! Anyways, you can see a Head and Shoulders on the chart. Don't understand why everyone isn't talking about this. On this chart, you can see that it seems like the support level has been broken. However, on the 1 hour time-frame, there's no confirmation that Bitcoin will actually go down. Why? Because it can be retesting the support level or it can turn out to be a false breakout. If we look at the RSI, we can see that there's a divergence. But, we can also see that the RSI broke the trendline that was acting as a support level. So what is the conclusion? If the the Head and Shoulders will play out, we can see a price movement towards $43713.29. If the price goes up, then this was a false breakout. But keep in mind, Head and Shoulder Patterns play out more than 80% of the time. Either way, the market will tells us wether we should take a buy order or sell order.
by EliteTradingX