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Satoshi

Bitcoin Setting Up For $57kAs we all know Bitcoin has been on a tear and what we like about this runup is that it has had healthy pullbacks along the way but most importantly has respected traditional technical analysis along the entire way as well. If we look at the Fibonacci levels I have illustrated here, we can see that is evident in the respect of the fib levels that Bitcoin has done. All 3 levels thus far in the .236, the .382 and now the .5 have all been springboards for Bitcoin price action and now we find ourselves coming up to the next major fib level in the .618. This is key for a few reasons: Number one it means that we confirmed a breakout above the .5 fib level. So even though this seems elementary, it is key in the fact that breaking and holding above a 50% retracement of a swing means that you are almost certainly on your way to test higher prices. Number 2 would be in the fact that Bitcoin will be inside of the Golden Fibonacci pocket once breaking the .618 level at $51083. If Bitcoin breaks out of this golden range once breaking the .618, a test of our next Fibonacci level will be imminent and that leads us to my next reason. The .786 Fibonacci level at $57139, or better known as one of the deeper retracement levels of the fibonacci sequence, is a VITAL area in the fact that the .786 is the area where most traders will take profit. As someone who trades using Fib retracement often I can say that my respect for the .786 Fibonacci level is tremendous. In fact it is the same level that I myself often will take profit when trading by closing 75% to 80% of my position. This is also the level where LOWER HIGHS are often formed. Lower highs as we all know are major bearish indicators. Now keep in mind that a lower high at $57k is not something I am expecting, but as a trader I am aware of the nature of this key fib level and must warn others due to the fact that this level could be the level that Bitcoin looks to test this week IF our golden Fibonacci pocket is to be broken between $51083 and $52236. The signal to watch will be a holding of this $50124 price level overnight (here in the US). If this level holds on the hourly time frames, a breaking of the .618 fib level will be likely and this is where the game will begin. In the meantime, this $50100 price level we are at currently appears to be a nice entry for this trade with stop losses just below $48800, $47800 and lastly $46800. I personally would be having limit buy orders waiting around $46800 and $46900 rather than selling. I am an aggressive trader but I would advise folks to be somewhat the same as bitcoin is much more bullish right now than bearish and striking while the iron is hot could prove to be very wise in the future.
Long
by TradeVibez
1
Bitcoin Bulls Prepare To Retake MomentumAll bearish waves have been invalidated from my perspective. Bitcoin Bulls seem to have their targets set on $45K and then ultimately $47K to finish Wave 1 of the 5th Wave for Bitcoin's all-time, Wave 3 supercycle. With Wave 1 being a diagonal, Wave 2 should retrace nearly 80% of Wave 1 and send us back to $32K. Just when the fear re-emerges, Bulls will take off and leave doubters at the base station. Houston, there's no problems here.
BITFINEX:BTCUSDLong
by DigitalSurfTrading
2
BTC you SHORT beast, sub 23,000k incoming. Nice, short and concise. 8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular attention to a rejection of not only the 0.618 resistance level in this chart, but also how it co-occurs with a rejection of a MA cross-over right on the fib retracement at 0.618 level, which led into heavy downwards pressure. Moving averages, MACD, MFI indicate mid term bearish continuation. As what we expect from crypto trading such as whales dumping, exchanges going into server overload mode and tether printing, ANYTHING CAN HAPPEN. But the charts have spoke thus far, and it is irrefutable despite bias, the technicals and data of btc and the picture being painted does not in the slightest suggest a worthwhile long entry, unless swing trading, and in the the hope we go back up to test new resistance, and just get slammed backed down. Also, just to conclude on and close on a litte challenge. Open a btc/usdt chart, change to weekly/monthly. TA Done. Low lev, low contract for Future traders
Short
by UnknownUnicorn6513259
Complete Market Cycle x BTC Part 9 Possibly the most prolific take on the future of the coin given the current, controversial period of its existence. Here we see a complete market cycle based on the Elliott Wave theory. The layout is limited to primary and intermediate waves only with exception to the emphasis placed on the leading diagonal pattern. The motive VS correctional distinction is also highlighted with 5 intermediate motive waves as well as 3 intermediate correctional waves. The price right now resides in a symmetrical triangle biased to a reversal with a possible false breakout - nothing further than 28k. Thus I strongly believe the 3rd wave of the primary cycle shall follow, taking Bitcoin to new highs and to the moon !
BITSTAMP:BTCUSDLong
by UnknownUnicorn4565572
BITCOIN - WAVE B TOP - Critical Support Has Now Been BrokenIn this video I discuss what is happening to Bitcoin and why the signs point to a top. This does not affect the XLM analysis, it only enhances it. Without saying too much more just watch the video. I have a tonne of further research to do. Talk soon. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
BITSTAMP:BTCUSDShort
by AriasWave
4
Wait until $41695 (Read it carefully)Dear Traders, This is the research account of us. We have calculated the potential of market which around 2 days we will see a drop on most of the currencies because BTC is the base code of market and the trend of BTC still is downtrend until $41695. Then you can enter to the market and hold it for almost 4 to 5 months until it reaches $94446. Then according to our advice, close your positions at this rate and wait for $81,992 and take the last order and wait until $114,594 and totally move out your money from cryptocurrencies. The reason is that after this wave whole of market will go to downward. You can just check the points to help you close your positions for other currencies too. Whatever happens to BTC will lead the market.
by USTC2021
23
$NLG is back as The Dutch Bitcoin! Soon "The Flying Dutchman"?Check the link for the latest news item which caused this major price surge. There will be a reduction of the total max supply of Gulden by over -50%. This means Gulden is getting very scarce soon. Price went over +150% today already at it's biggest exchange: Bittrex Global. The FOMO is strong today! Green = 17 sat strong support line which dates all the way back to June 2014. Major volume on the 15th of March 2021 and the support stood it’s ground. Yellow = First major resistance line dating back to September 2019. Almost reached this in one day from 28 to 96 sat, when the FOMO kicked in. Blue = Second big major resistance line dating back to January 2020. If this target is reached and breaks through, Gulden is unstoppable and we’ll see prices going above 1k sats. Purple = Last ATH for Gulden in sats, nearly 15k satoshi. Bitcoin was in it’s early stages back then, but nonetheless, the project has a huge upwards potential. Will post updates when resistance lines are being tested or broken through. Good luck!
NLong
by UnknownUnicorn4621824
2