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The BTC chart nobody wants to see right nowAs a turbo bull myself, im staring at this thinking, how many monthly candles of vertical pump can we expect before it tips over and corrects itself? Honestly. If we look at volume we can see its clearly slowing down, meaning most people are already bought in and hodling and the influx of fresh buyers arent enough to sustain these prices. Most rich people/companies that come in dont buy spot price on your average exchange, they are buying over the counter and are handed btc instead of going through order flow. OBV is also showing lower high's (so far) Lets also hope that the DXY doesnt show a pump trend from this wedge(which usually is inverse correlated to commodities) For this pump to continue we need to see april candle breaking previous high and sustaining it, we need increasing volume coming in from buyers or I actually think this will start to go down abit. Fib target puts us at 29-40k area, where January peak volume is also around that area so its more probable that it should hold. So "worst" case scenario is 30-40k but still bullish bias.
BITFINEX:BTCUSD
by confirmationbias
1
BTCUSD Bybit Chart Analysis March 22 Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. If you "follow" press, Only 30 Min chart , In real time, you can check major sections and move, Real-time "update I dea" can be checked. I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 22th . This is the analysis on the 19th. According to the red arrow path, After the last red resistance line touch Going downwards, we deviated from the green support line -> the sky blue support line. Pink color, weekend gap difference, Please refer to it. 4 hours chart. I checked the approximate move of the today. Pay attention to the convergence section of the red resistance line / sky blue support line. Highest / Lowest / Weekend gap difference Check the price on the right of each. Focusing on this part, I created today's trading strategy. It is a 30-minute chart neutral strategy. While writing the analysis, a trend is emerging. Roughly, it looks like there is a sideway move or downward move. On the condition that it does not deviate from the orange support line * Red arrow on the path of movement, This is a long position strategy. The red resistance line is the final target. A stop loss is a break from the orange support line. *On the path of the sky blue finger movement, Short -> Long switching strategy. When entering short, each Stop loss when break through the pink resistance line / green resistance line. Supported at the sky blue support line It is a sideway move. At the final green support line, long position switching. It is a spot exchange. Today it is the other altcoin market. Check for broken from the orange support line. Within the maximum, light blue support line Short-term trading of other altcoins. At the final green support line, it's a major altcoin switch. That’s all for today’s strategy. See you in the Nasdaq analysis in the afternoon. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
Cardano Perp ADA Short Setup Price action is kept the 30,50, and the 100 EMA 200EMA has been a strong support for 5 + days but with every touch it becomes weaker . We are at the top of a decending channel and i dont see LONGS being the best play here 2 options too short Either short the Red box marked on the chart with a sl above the prev high or wait for the Swing failure pattern. Obviously there is no guarentee that we have a SFP but that is what i would like to see . There is alot of resistance above us and i dont see us pushing up so easy from here. I think it will take something special to do this as we have the 30, 50, 100 EMA above us and the POC and we are at the top of the channel . Have a clear invalidation whatever you decide and stick to your trading plan Pls Like and Follow if you like my work ...Thankyou
BINANCE:ADAUSD.PShort
by SJTRADESFUTURES
4
Bulls ready for $66000 ?Bitcoin did fill the 78.6% fibonacci retracement. In most situations, a fib level should be tapped twice. And that's exactly what Bitcoin is showing right now. We saw the first spike towards this fib level. Followed by a second spike ( so far ). What if the price goes below the trendline? If price is going below the trendline what's currently holding, than we must watch out for a BARR pattern. ( Bump and Run Reversal ) This means we could see a major reversal in the days after the trendline failed. What if the price stay above the trendline? If price can maintain the trendline, than i expect a rally towards the $66000 region. This level falls inline with the -0.618 fibonacci extension (target). Conclusion: " I think the bulls should be able to hold this level, they have confluence with the fibonacci, the extensions are inline with the targets. If the trendline fails, i will be anticipating with shorts. Thank you for checking my analysis! Do you have tips or other comments? Tell me please! I'm open for feedback!
BITFINEX:BTCUSDLong
by stannieb
6
$65000 is closer than we think!?If i look to the bullrun in 2017, i see some When I look at the bull run in 2017, I now see some similarities. Look at the break of the ath, the 1st consolidation after that, and then the run up. So following the previous cycles, I really think this could be the road that Bitcoin is going to follow. In the chart below, you can see the Bullrun from 2017. Let me know what you think! Thank you for checking my analysis! Do you have tips or other comments? Tell me please! I'm open for feedback!
BITFINEX:BTCUSDLong
by stannieb
2
What's the target for #Bitcoin ?! Hello and welcome to this quick update: Since that last update, we have reached our second target on BTCUSD pair and beyond !!!! Right now Bitcoin is trading above $39k which is incredibly BULLISH and an all-time high is imminent in this upcoming week. Based on the Fibonacci extension that I drew on my chart, our target is $43.3k. but first, we need to break that dotted red trend line and flip it as support, then we may see some higher lows and higher highs as I drew on my chart. The invalidation of this BULLISH run is losing $38.4k - $38.6k level as support!!!! if you want to open a long position, try to catch a dip around $38.8k, put your stoploss below $38k, and the target of your wish. Don't forget to leave a comment and like this idea my friends ;)
BITSTAMP:BTCUSDLong
by CryptoSep