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Bitcoinpriceprediction

BTC short short term, long long termpredicting a short crash to total the 30% pullback we have all been patiently waiting for to regain a healthy market. with this last dip towards the 0.382 FIB (fib lines drawn from bottom at 3100$ to top around 9100$) , we will likely recover on our previous trend line that was started April 1st, before we went parabolic in May. IF this line fails, I see a dip to the 0.5 FIB, then we will catch my lowest upwards trending line from the bottom of the market through April. If that fails, start shorting bitcoin like a savage because its over and this was the biggest takeout we've seen in quite some time. Honestly I don't see a fall for longer than a day below 5600, and wouldn't bet against a break of 6000$ to be honest. My prediction is a drop to 6200-6800$ then a nice slow recovery that is healthy and grows for all of us for the next 6-12 months. THEN, once this build up is above our previous ATH, we will go parabolic towards 50-100k in 2021-2022. Really this analysis is mainly about the fall to the 6000's and getting support there and coming back up. Thanks guys and good luck. If you only use binance or other non leveraged brokers, sell into tether or TUSD or whatever stable coin you want. IF you use bitumen, kraken, etc, I would do some TA and think about a short term short position
by Etipton04
bitcoin price prediction this summercreated by analyzing fib retracements (not shown in chart) and natural volume based and trend based support and resistance, we will fall anywhere between 7200-6350 before a recovery over the next 8-12 weeks. Could happen in a matter of days though. As you can see, my prediction from our wedge played out correctly as well. We are OVERDUE for a BIG correction in the 25-40% magnitude range from our first 1000$ candle or from the start of our parabola in early May. Which one depends on a number of factors including support, RSI etc which all point to a .618 retrace of our parabola to the $6000's then back up but slowly and in a healthy manner this time around. Sitting in overbought territory on the RSI on the daily and weekly is NOT a good time to buy. Good luck and be careful.
BITFINEX:BTCUSD
by Etipton04
Bull or bear?We cant really predict the future no matter how hard we try but we can do an educated guess from prior trends, from what we are seeing in the above chart, bitcoin seems to be finding it hard to close blow the $3400s, why we don't know for now based on FA. A visible close below $3381 may spell full doom for bitcoin because it might lead to a close below $3100s which means corrective leg B might extend, then we start looking at the region $2900s to hold as support. Already there are signs of a continued downtrend such as bearish engulfing candlesticks being presently printed, low and declining volume and the last low on the stochastic seems to have printed a bearish divergence on the charts (lower low point in comparison to other points' position). traders are advised to trade with caution and tight stop-loss as we watch to see if the $3400 to $3300 support area is broken. Note: am still very bullish that what is about to be formed is a second bottom (pending a third if possible) for a 123 formation to signify full bullish reversal. 123 means a Top, 2 lower highs and a double or triple bottom. lets keep watching the daily close of the candlesticks, pattern, price targets and momentum. thank you
by vandumen
Bitcoin(BTC) The Next Move! New Lows Or Is The Bottom In?Hello All, I have recently started my .1-1 BTC challenge. Updates can be found on my twitter(link in the signature). Regardless overnight we returned to the OTE for this LTF move and found support on the retest of the OB that swung us to the high around 3480. I will be looking for continuation to the 3520 region. There I will ladder shorts as it is the old daily low and the level that led to the heavy expansion to the downside we saw over the past 48 hours. I would like to see price head for the Order Block between 3180-3260 where I will be looking to long. You can see my issues with this region however on the chart as to many people are expecting this to be a good buying opportunity. Regardless, I trade the chart. Even lows beneath our swing low at 3100 and overall extreme sentiment for this area will eventually result in a run on liquidity for a new low. However I am not sure that is going to happen just yet. First target would be the old swing high of that region 2960.... NOT 3k. Happy trading and make sure to tune into the resources below with any questions you have
BITMEX:BTCUSD.P
by UnknownUnicorn1306396
Bitcoin testing $3500 , Bullish or Bearin long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200 Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end. $4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after $4k then $4400 - $4850 will be the next resistance It just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
BITFINEX:BTCUSD
by bitcoinexpertindia
1
BITCOIN(BTC) INVERSE HEAD & SHOULDERS MEMEHello everybody. Retail is labeling Bitcoin(BTC) as an inverse head and shoulders right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An inverse head and shoulders is simply a break and retest of your break on your HTF not some magical pattern that makes you money. That being said it is possible this "pattern" fulfills due to the logic behind blackjack theory. Bitcoin has been in a very tight range on the 4 hour and daily since Christmas day and sitting on the equilibrium of our intermediate range. The price action is quite corrective after an impulse (bullish case) and continuation is more than possible. What you should be looking for here is where does the nearest liquidity lay? If we can break this range (green prediction) and see a retest to the upside off the range I would be entering long with (bullish case) price reaching the equilibrium of the macro range and most likely extending for our OTE (labeled major consolidation block). Bearish case(red prediction) would be the fact that we have equal lows on the weekly off the meme 200 ma and thus price could run for this liquidity pool to clear stops into the lower eq range. Short on BTC for nearly the entirety of 2018, we strive to help you all educate yourselves on trading and save you money. Check out below for access to our discord which is completely free as well as our youtube channel. Stay safe Traders, Trader_Tristan
BITSTAMP:BTCUSD
by UnknownUnicorn1306396
4
3 possible Scenario for Bitcoin - Breakout to 6k or Dump to 3k If we consider 4 hrs chart since the massive fall, and see the downwards trend then three things can happen, 1 Whales might dump it to $3000 arrow one 2 If downwards trend continues like this for a longer period then might be $2000 or $1500 will be possible but possibilities of this is very very less as $3500 then $3000 is a strong and sociological support . 3 As technically its Double bottom and also some spike above trend line and sustaining here over $4200 to $4400 for some time with good volume then we can also see trend reversal or break out. Lets hope for the Best :)
BITFINEX:BTCUSD
by bitcoinexpertindia