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Btcidea

Upcoming scenarios for Bitcoin. Is Bull Market starting?Bitcoin has finally managed to break above 35K zone and next resistance as highlighted in the chart is at 36K zone and there it will also meet EMA 200. Mostly Bitcoin will be pushed down, however breaking above this will move Bitcoin to short term bull market. However for Bitcoin to officially enter bull Market, it will have to break 41-42K zone. Moving above this is sign of Bull Market. Coming weeks will tell us if we are in Bull market or still in Bearish market. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BITSTAMP:BTCUSD
by Manjyot
Where will BTC go?Possible 3 scenarios for BTC in daily timeframe from my perspective. Path 1 (Green) : If we break past 40k and get a proper close. We will go to 51-53k range and come down to retest 40k for support and move up more. Path 2 (Blue) : There is a strong possibility for us to go down and get some more liquidity in order to move up. So if we bleed 26k range (4H demand) will be the place we see wicks in daily. Path 3 (Pink) : Worst case scenario we go to 23k range (Daily Demand). I don't think this will happen. I am personally think more possibility for Path 1 and Path 2. BTC having many bullish news and miners holding coins at the moment gives possibility for path 1. This is just an idea not a trading setup.
by UnknownUnicorn11125703
Where will BTC go? Golden pocket Update!I have already shared a daily timeframe idea of BTC yesterday. This is just an other view with Fib retracements from the March 2020 corona dump to current ATH. And the golden pocket and 4H demand are in a confluence. I think we will bounce from there. This is the spot chart of BTC from Binance, yesterday I shared futures chart of BTC there will be very slight difference in price but never the less idea and ranges remains the same. I think we will get wicks in to the golden pocket and get a bounce. But I will not consider the bounce as bull market sign unless it breaks the current ATH.
by UnknownUnicorn11125703
VERY IMPORTANT FOR BTCBitcoin seems to be building up some momentum as we notice lots of sideways movement and our bollinger bands are starting to squeeze, keep in mind this could be bullish or bearish. If you look back in time when bollinger bands begin to squeeze it is almost certain we will see at some point an explosive move, aswell with the bollinger bands as you can see marked with arrows when we begin to ride the top of the band big upwards movement occurs and same with riding the bottom band bug moves to the downside happen. now noticing our candle today is getting really close to the BB specifically the bottom band which if we continue this movement we could be in for another pullback, we don't want to see the candles start riding the bottom unless of course you buy the dips! The MACD aswell is continuing with close movement of the MA's and this is a must watch as we could definitely see a bearish cross anyday now, if this happens and we start to ride the bottom BB we can for sure expect a pullback, no way to tell how big but could be smaller or normal, i doubt a large scale pullback due to the fact we just had a major one that is out of the usual for these cycles. We are seeing some money flowing into BTC but we are starting to curl again downwards with money flowing out, we gotta see some momentum from the buyers if we are going to see a reversal to an uptrend, also need volume which has been very low. Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
Bitcoin heading for 42K zone. Will we see a breakout ?Finally #bitcoin is back in action. It is constantly moving up at an impressive pace. Going by the chart, I have marked two zones for BTC. As long as it stays within the Green zone, it will stay bullish. However if it enters the Red zone, then it will turn bearish. Hopefully today we will get to see where BTC is heading. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
by Manjyot
Bitcoin might need 2-3 days to show Bullish momentumAs suggested in yesterdays analysis that bitcoin will go down to Blue zone, where it will find support. If you havent read it I will attach the link below under related ideas. So far Bitcoin is still under Bearish pressure and might take couple of days more to show Bullish momentum. It has already touched point C on our chart and next move would be for it to touch point D. Once it reached Point D there will be a short term dip to Point E and this is where Bitcoin will fuel up for Bullish move. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
by Manjyot
Bitcoin Bull Run Is Over ? Eventual drop below 40k is likely IMOPrice is consolidating in a daily range since the past two months ,profit booking is clearly visible around 65000 last April Mid. BTC likely to continue in the same range 45k-60k for few more weeks and gradually starts to erase most of its gain in our opinion. Obviously range top and bottom are ideal for scalps, however, we do not recommend any serious long term investment at this price level. Okay to go price is the 50% fib which is around 37k and an ideal level to invest for long term is below the 61.8% Fib level (21k-30k).So be patient, long invincible bull run is over ,invest gradually and hold it for long term, definitely it gonna reward . Trend : Range Signal : Scalp in 45-60k price level Okay to go long price : 37k Ideal price for investment : 21-30k
COINBASE:BTCUSDShort
by UnknownUnicorn13514545
2
Bitcoin getting ready for another Bearish roundJust when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet. Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle . It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold that area. At an indicator level, Stoch RSI and MACD has are showing Bearish sign and current price have moved below all EMA's. Ideally, Bitcoin should bounce off the blue zone on the chart, and then break upper part of the triangle. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
Bitcoin, BTC - we formed a globally downward channel📍Yesterday we rebounded from the key level of 42,000. Thus formed a full-fledged downward channel. As I said two days ago, I expect local growth. The nearest target is a return to the level of $50,000. It is also possible to go up to the level of 54000(not exactly). Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
88
BTC/USD correction5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for corrective wave C which normally hit price between 0.382 and 0.618 Fib Retracement levels. On BTC/USD this is 42000 level. After this one we might see another impulse to the moon. Will see. I bought it with 10x margin when it was 14000, but now here is nothing but sell. I will buy a little after C wave done. But we don't know who hard it can be pumped. Bitcoin overrated and you cannot make a new world currency out of it, while it can rise or drop for 10k in a weekend, so you can't seriously hold this and pray for lifetime raising. But Bitcoing is new generation. Something like gold, but not gold at all. I swear we will see new cryptocurrency which will change fiat money. But we need long years before it come.
COINBASE:BTCUSDShort
by Fridrex
BTC, Bitcoin - we haven't a volume for growth😳. What to do?Despite the fact that the price is in an upward wedge, I don't see why we should break through the strong resistance level of $60,000. There are no volumes right now. I think it is more likely that there will be a drop. Technically, that's what it looks like. But anything is possible. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
59