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Bitcoinusdt

Does The Bitcoin Accumulation Completed?Hello, traders! Since the price of Bitcoin drop to $30K the trading range was formed from $30K to $42K. The price action inside this range contains 3 phases. 1. The blue trendline resistance 1 breakout was the end of downtrend and the price entered the sideways market. 2. The price found multiple resistance on the orange trendline resistance 2. 3. The price started to form the upward trend channel making higher highs and higher lows. Which scenarios can we anticipate in the future? 1.If this is the end of the accumulation phase, the price should form some sign of strength before the global resistance breakout. For example, it can follow the green scenario and find support at the lower band of the trend channel, after that continue to move in the upward direction. This is the most bullish scenario. 2.The blue path is the another possible scenario. The price can break down the channel but find support above the trendline support. 3.The most bearish scenario is the red path. This scenario means at least the sideways continuation, and the breakdown below 30K is also possible. To sum up, we should pay attention now to three lines: the lower band of the channel, the trendline support and the trendline resistance 2 because the breakdown of each line changes the possible scenario. At the same time, the most important resistance line is the $42K, we can talk about some bull market continuation only after it's breakout. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
BTCUSD: And even more bad news for bears!Hello my friends! It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high. You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see. -- Let's see what happens. Happy trading. :-) BTCINVESTING -- My 2. Post "Another bad news for bears!" Jun 7, 2021 My 1. Post "Bad news for bears!" May 31, 2021 My Post Apr 18, 2021 My Post Nov 19, 2020 My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-) --
BITFINEX:BTCUSDSHORTSLong
by BTCINVESTING
76
BTC Sell the downtrend.BTCUSD - Intraday - We look to Sell at 38088 (stop at 39061) Daily signals are bearish. Trend line resistance is located at 38000. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. 20 1day EMA is at 38000. Our profit targets will be 35706 and 34851 Resistance: 38500 / 39500 / 40500 Support: 37000 / 35500 / 34000
BITSTAMP:BTCUSDShort
by Signal_Centre1
4
Bitcoin: Careful with the dead cat This strong downtrend for BTCUSDT seems to have found a range to consolidate for a white and maybe even reverse Today we are seeing some action on the upside, but with very little VOLUME, this could probably mean a dead cat bounce. We should be very careful around this things, the downtrend has been very strong and we have quite some heavy resistance above us. Resistsance right now: 180 EMA ICHIMOKU CLOUD 40K If we can get some volume we might still remain in the range, and start consolidating on the upper side of the range, if we also enter the ichimoku cloud we could move back into the 40K's.
by CryptoEstratega
BTCUSD: Still in a good shape.Hello my friends! Re-pulished! I compared the situation with 2018, the formation could look similar. Yes, I'm comparing 2D to 9h, but that doesn't mean we won't see similar. Sorry for the re-pulishing! My first post was banned because I unfortunately violated the house rules. Maybe you can please like it again and support me so that the post gets a good ranking again. I hope this one is okay. If we look at the current Crypto Fear & Greed Index it is at 15. At that point, it was comparably low. Let's see how the week plays out. Also positive is that we had three weeks in a row no lower low. This further suggests that we have seen the bottom here. So do not think that this must be a bearflag. snapshot -- Let's see what happens. Happy trading. :-) BTCINVESTING -- My current Post "Another bad news for bears!" Jun 6, 2021 My Post Apr 18, 2021 --
BITSTAMP:BTCUSDLong
by BTCINVESTING
25
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2
Bitcoin is Still on Correction Bitcoin just made a historical unprecedented correction as expected in my last update on the Bitcoin chart. Predicting the bottom is not an easy job to do but everyone is dropping their opinions on it, Mine is here too. BTC painted an obvious head and shoulders pattern on the daily chart and it's going to make the right shoulder in the form of a bearish flag (or maybe a bearish-pennant). Also, a double-bottom pattern is recognizable on the chart, breaking out of this double-bottom neckline (41K) can recover the price to 48K again which is an important resistance level to make the right shoulder and the top of the bearish-flag. If the price rejects this resistance at 48K we can expect another leg down to 20K channel which is the end of this correction in my opinion. This analysis will be invalidated if the price closes a daily candle above 50K
BNC:BLX
by farhadnmd
BTC Sell the downtrend.BTCUSD - Intraday - We look to Sell at 39891 (stop at 40941) Trend line resistance is located at 40000. Daily signals are bearish. We are trading at oversold extremes. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 37177 and 36177 Resistance: 37000 / 38000 / 40000 Support: 35000 / 33000 / 31000
Short
by Signal_Centre1
BITCOIN Pattern from January ! HUGE FINDI've published an idea with this pattern already before.... BUT what's even more confirming this to be true: -the current drop also following the pattern -the red lines which are extensions of the past prices that you see at the bottom of the chart match EXACTLY with the pattern. -the price at the end even matches with the resistance (where it hits the blue line and bounces off)... Coincidence? I don't think so.... This is too accurate to be coincidence. I'm definitely waiting for the dip. NFA.
BITSTAMP:BTCUSD
by urus888
Have we reached the end of the Bull Market?In an analysis earlier than a month ago, I saw that bitcoin was possible after losing an all-important uptrend line could make a double bottom at 43k. But I also warned of the possibility of going for 30k because it could bring negative thinking from investors, largely due to the high euphoria that we were experiencing. Today many say the possibility of bitcoin going up to 20k or less, but I don't believe that. Bitcoin has been respecting the latest LTA that comes from the corona crash (March 13, 2020), a super important area, where whales are taking advantage of the negative thinking of new investors and other less experienced speculators, to accumulate more bitcoin. Let's wait for the next few days, bitcoin holding this last LTA, there is still a very high possibility that it will have new highs this year. See the previous analysis below: I would really appreciate your like for future analysis.
BYBIT:BTCUSD.PLong
by vinitakai
2