BITCOIN | Bullish Breakouts!Hi,
The price of Bitcoin has made a short-term "Double Bottom" inside a bullish chart pattern called "Bull Flag".
At the moment we got a breakout both of them, the last 1-hour candle made a break and close above the "Bull Flag", the "Double Bottom" is also valid because the last bullish 4-hour candle made a pretty decent climb and the last 1-hour candle made a close above the Double Bottom neckline.
This orange line has been quite a strong resistance level, which is also a round number of $7,000 - this is also cracked!
Hopefully, it is not a fake-out and to get better entries, wait for a throwback to $6,800 - $7,000 and the criteria are:
1) Break and close above the "Bull Flag", if you struggle with confirmations then wait for a 4H candle close to get more secure breakout confirmation.
2) Double bottom formation around $6,500, the neckline is broken and the pattern is valid!
3) Break above the round number of $7,000.
4) Break above the strong resistance levels which are around 7k.
5) As said, if we get a current 4H candle close also above the mentioned levels then it will be more secure and after that, the current 4H candle close above those criteria gives us also a close above EMA's 50, 100 and 200!
* The major target should be around $8,000.
A pretty decent pump from the bulls, a lot of levels have broken and to get more secure confirmation, wait for a 4H candle close!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Bitcoin-trading
BITCOIN | Buying Area Guides It To The Selling Area!Hi,
The price of Bitcoin has moved sideways almost two weeks. In the last week I "revealed" a pretty good selling area, which is still active but firstly the price has to reach there.
Luckily, I have managed to saw a pretty good entry opportunity to another wave upwards which can drag the price to the pointed box.
Now, this box act as a profit-taking area and if we get and saw a decent bearish price action then this area will also be a selling area.
At the moment, the price has made a pretty strong statement to upwards, depends on your risk, and after you have done your own research which is supporting my viewpoints, then you can enter between $6,450-$6,650.
If it supports your bias, do not forget to hit the "LIKE" ;)
Good luck,
Vaido
Bitcoin Is Hanging Around There, This Is The Proper Scenario!Hello Traders Investors And Community, welcome to this update analysis about bitcoins recent price-movement, as I already mentioned in past analysis BITCOIN confirmed bullish on the locally time-frame, in my charts about this movement you can watch these confirmations documented, this is why technical analysis is a working science which can be applied successfully on the markets when done right. What do we have now? We have an overall bullish shape on the short-term perspective although BITCOIN is consolidating, we can expect a breakout in the next time, now that does not mean we are completely bullish on the long-term as I already said but there are some good signs that we will have a bullish continuation as bitcoin had some good confirmations. If you didn't see these ideas of mine I highly recommend to you that you go to my account and check these ideas out, then you have a full perspective on the current situation. It is always wise to look at the short as well as the middle and long-term-perspective to have a good encounter on where the markets are heading, the big importance in this structure is the overall resistance above us, that I why we see BITCOIN continually consolidating although we have a bullish shape. This is a simple logic because sellers selling on recent buy-prices to get out of the market with no loss, therefore we have a consolidation phase before moving in the next direction. In my chart you can see that bitcoin has confirmed bearish as the EMA-signal provided it, when you look at this signal it can be applied on paster trend reversals also, working pretty well, now we are still hanging in this EMA structure but we confirmed the 20 and 25 EMA which is a good sign at all, after this current consolidation we can expect bitcoin to confirm more than only the 20 and 25 EMA, but what will happen when we break down in the structure? When we break down in the structure we can expect that bitcoin is finding support in the support zone which you see in my chart marked with the orange box, this support zone is between 5550 and 5940, also it matches with the 50 % and 61.8 % retracement of the Fibonacci-retracement of the current wave-structure. When bitcoin enters this important structure we can expect that it will firstly confirm it as support after that we have to watch out for more signs which can be applied to the chart and if bitcoins cultivates to reverse in this position.
So now here we go with the current bitcoin situation, I see many people calling that we are in a bull-market or bear-market, that is not a technical analysis at all, stocks and indices are in a confirmed bull-market yes but that does not mean the cryptocurrency-market is in a confirmed bear-market as well, we need to elevate our selves above the mere speculative aspect and watch the markets with the best determination to get the best results. Therefore as I already mentioned we are still in the consolidation, we cant define the current price movement as 100% bearish or bullish and that we will see bitcoin taking another leg of 90 % to the downside the next week, both scenarios are unimaginable therefore we need to cultivate ourself above the talking of so many people spreading unbelievable rumors and take opportunities when they arise with the proper smart management that is necessary for the markets.
Thanks for watching my analysis, feel free to support my friends and don't forget as I always say:
The ambition to transform opportunities into gold remains the most significant tool for a trader.
In this manner FAREWELL
Information provided is for educational purposes only and should not be used to take action in the markets.
BITCOIN | Selling Area!Hi,
Since the collapse, the price of Bitcoin has been on stable growth. Actually, pretty surprisingly, the price movements have stayed quite calm, with steady growth and with a few waves, classical - until to another shake off. :)
Without a small-talk let's jump straight to the action. At the moment, looks like the price has taken a plan to reach $8,000. The road to there can be pretty bumpy but my high-probability trading setup is waiting for me around $8k.
About the obstacles, the current price level (7k) is a pretty strong resistance level. A couple of days ago the price got a rejection from 7k and now it tries to break it again. If you look a bit left then there is a pretty heavy support level from the end of the last year which now acts as a resistance. Secondly, EMAs from the Weekly timeframe and EMAs from the 4-hour timeframe should also make this a bit harder to climb to my pointed price zone BUT they don't interest me. I'm interested in the red box! I'm interested to make short-term "sell" from the red box.
The selling area stays between $7750 - 8,250 and the red box criteria area:
1) Long-term Fibonacci retracement level 38%, pulled from last year high to this year low.
2) Fibonacci retracement level 62%, pulled from this year high to this year low.
3) Waves of AB=CD
4) Channel projection should act as a resistance
5) The round number itself $8,000. In previous trades, this 8k has been pretty lucky number ;)
6) Daily EMAs 50, 100, 200 should all act as resistance levels
7) Weekly EMA50
8) The gray area, a new feature on my criteria lists ;)
9) Fibonacci Extension
10) As always, wait for a bearish price action inside the red box. Let the price action guides you into the trade!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
BTCUSD - Here We Have A Classical Broadening Wedge____________________________________________________________________________________________________________________________________________
Hello My Traders, this is a real-life example on a classical ascending broadening wedge in the BTCUSD.
I highly recommend to you my educational information I uploaded about broadening wedges to have a good conclusion about this one:
There I gave an insight into how to trade broadening wedges properly, this one is a good type of those I explained.
Now we can see that it is still consolidating but I expect a break-out in the next time.
This formation can be traded aggressively with immediate entry and moderate with entry after confirmation.
Both cases are in this condition good to trade for a profit with proper risk management!
Although the aggressive approach is possible here because risk is low.
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In this manner: “Everything must be made as simple as possible. But not simpler.”
Thanks, For Watching! Check Also My Long-Term-View On BTCUSD And Other Significant Pairs!
Information provided is only educational and should not used to be for market purposes.
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TOTAL MARKET CAP: POSSIBILITY TO MOVE ON DEMAND ZONEThanks for Taking Interested in my Trading Idea.
TOTAL MARKET CAP : POSSIBILITY OF DOUBLE BOTTOM
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
Good News, Bitcoin will Go Up soon! _______________________________________________________________________________________________________
Hello Traders investors and community, this is a signal I post here for free. Why pay for it when you can get it free?
For more signals and market insight support with a like and follow ;)
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Entry: 5630 - 5700 USD
Target: 7625
Structure: Uptrend
Pattern: Head and Shoulder
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Thanks me later!
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We can Expect Up-Moves but Bitcoin will Trade into Resistance.____________________________________________________________________________________________________________________________
Hello traders, investors and community. Today I share with you some important details and insights I found out analyzing the bitcoin chart.
We are looking at the 4-hour chart. Let's go!
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As we can see bitcoin made a bad bearish move downward the last days with high momentum and significant volume, as for now we see
bitcoin stabilizing at the 7600 to 8100 range.
The next days I am expecting some up-ward movement as the MACD made a bullish crossover and we see some good bullish momentum.
But be aware! There is also this huge downward channel which shouldn't be ignored! And the momentum with which bitcoin made the
downward moves is signaling also a possible continuation of the downtrend!
We have to watch out for more bullish or bearish signs coming after the small up moves which I am expecting pretty surely. A possible
LONG opportunity is given when bitcoin confirms the range between 7600 to 8100 a second time as support, on the bearish side there
should be kept an eye on the possible bear-flag forming in the channel!
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Thanks for watching! Feel free to support my idea with a like and follow for more market insight!
Have a nice day my friends. All the best ;)
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Here is why Bitcoin will Confirm the Bull-Flag a Second Time! __________________________________________________________________________________________________________________________________________________________________
Hello dear friends and cryptocurrency enthusiasts, today I am looking at the daily bitcoin chart. This analysis will be my logical follow up to past observations.
As I already published Ideas on the subject according to bitcoins price movement in the bull-flag and the break-out with confirmation of the bull-flag, which already happened.
If you want to have a full overview according to the recent formation and price movement I strongly recommend that you check out the charts already published.
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This analysis is the logical follow up to the charts you can watch below:
Where I called the real or fake bull-flag:
Where I called the bull-flag confirmation and the higher high which developed:
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So now we can jump to the formation building up in recent days, as you can see in my chart bitcoin formed a higher high at 10470, exactly the are where I predicted the higher high
in the recent analysis, now as expected we get some down movement which is quite strong but as you can see in my charts we have a healthy support are at the bull-flag upper line.
The upper line of the bull-flag channel is not the only support we are facing in the structure, we have also good support at the 78.6 % fibonacci ratio and the support level of the recent
up-trend.
You can see it here:
Support/Resistance:
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As bitcoin has great support in the are between 7300 and 7600 I see a high probability that we confirm this are as support in the futrue. After the confirmation we can expect some up-
moves to higher levels. I will look for a good and decent LONG entry in the support area, for now a SHORT trade on the shorter time frame is possible but it would be wise until the
bulls provided a decent pull-back.
Now it is waiting time, I see a high probability that bitcoin confirms minimum a second time, as described in my chart, the big bullish bull-flag which theoretically already confirmed.
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Thank you my friends and crpyto currency enthusiasts! If you found this analysis profitfull feel free to subscribe my channel and give a like for more market insight!
“In order to succeed, you first have to be willing to experience striving.” I stand for this quote in the name of my analysis!
It is friday so have a nice weekend my friends! ;)
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A full and quick view of the panorama for BitcoinGood morning, I hope everyone is well.
Taking a look at bitcoin in the daily chart , we can observe a clear ascending channel , through which bitcoin has been dancing between supports and resistances.
The much respected golden cross is happening on the daily chart , which boosted us to 10,300 with a strong pullback at 9,280, an area reflected in the chart as a good medium and long-term shopping area for swing traders, taking as stop loss or invalidation point 9,070. With the advantage of having the 200MA just around 9,400 in the 4-hour chart.
In addition, in the 1-hour chart, for scalp lovers, we could suggest a ticket between 9,600 / 9,550 with a small stop loss, to try to take a good position in the short term.
** An important point to take into account is that we are below the .382 level of fibonacci in the daily chart (Taking the lowest point of 2018 and the highest price of 2019) which could be used for a perfect setup for bearish operations. Using 9,840 as an invalidation point and aiming at 9,200 and 8,500.
Only if we manage to sustain the price above 9,800, can we consider the objectives of 11,400 and 12,500.
At the fundamental level, we must keep an eye on pre- and after-halving behavior.
BTCUSD BULLS AND BEARS - High Volatility in the range expected! ______________________________________________________________________________________________________________
Hello traders investors and community, today I discuss with you some interesting observations I made with the bitcoin chart.
We are looking at the 4-hour timeframe locally objected bitcoin chart. Let's go!
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As you can see in my chart we see bitcoin fallen out of the significant uptrend channel which formed the last days and weeks.
We saw a little bull rally from 9500 to 10200 but the bulls won't continue like that, we see a weakening price in this area now.
Also, the overbought conditions in which we are trading right now are important to look at, as the market has clear resistance
at 10500 USD. What can we expect from the next days? As you can see marked in my chart we can expect another rally after
bitcoin touched the support level again as it is still demand in the market.
When considering the bullish scenario we have to see clear continuation signs with a clear stabilization above the resistance
level, on the other side a bear continuation, which is the more likely case, will show with a rejection at the support level
and more downside showing ahead in the next days and weeks.
The bull rally can be traded on short term with a trailing stop loss, I will look for a good entry in the 9450 to 9600 area.
After the rally we have to watch for more bullish or bearish signs as I expect a consolidation in the range we can look
for a breakout in the bullish or bearish direction.
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Thanks, everybody who found this analysis useful, support with a like and follow for more market insight! ;)
All the best and good trading profits my friends!
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STORJ/BTC Bullish profit update now 13% up#STORJ/BTC Profit Update:
Price now 1785 Satoshi so 12% profit from our entry.
we told you to fresh setup under 1600 Satoshi
#STORJ 12% profit booked.
Still chance to grow up but Move your Stop Loss to your Entry for Safe side.
I hope you also secure profit.
If you want to hold then Move SL to Your Entry.
Please like and follow me for latest crypto updates.
Thank you
Bitcoin Bounce Or Drop? Our Take:Bitcoin ‘GOLD 2.0’ Overview: Well here we go with a retrace to the 9900 levels. We can see the upwards channel holding on the open of todays daily candle. The support at 10k has turned into resistance. 9500 is the next major support. A break further down will break the structure of the upward channel that’s formed, however if we bounce from here it shows strength to the up side. Yesterdays candle is very solid to the down side dropping over $400. We will await todays price action to present the weeks overview.
Support Levels: 9500 is the next major support
Resistance Levels: 10000 is the big whole number and magnet zone price needs to push through again.
Channel of Interest (marked with the yellow channel box) Channel is ‘still’ holding at present. Todays price action will be interesting to watch. We still have the rejected double top.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 62%
Approximate Bitcoin in Circulation: 18,219,450 BTC
Approximate Bitcoin Left to Mine: 2,780,550 BTC
Road to 21,000,000 Bitcoin Mined: 86.76%
Approximate Days Until Halving: 85-87 Days
Daily
Current Price: $9896 USD
Daily Change %: -1.23%
Market Cap: $180,390,774,450.00 USD
24 Hour Volume: $43,560,000,000 USD
Population of the World: ~ 7,764,686,000+ humans
Bitcoin/World Population: ~ 0.002346450326517 Satoshi’s / $23.22 USD per person
Trading Quote
‘If you personalize losses, you can't trade.’ - Bruce Kovner
GOLD: $1,583.89 USD +1.19 +0.08% Gold has risen $1 USD within the day.
$337 Million+ Of Bitcoin Moved Last 24hr,See Transactions WithinBitcoin ‘GOLD 2.0’ Overview: Below 10k we’ve fallen. As per the chart the upward channel is holding price. Price could test the 9600-9500 region as support before a bounce. The 10k zone may cause some consolidation action if price stays at the same levels. Today’s point of interest is the amount of large transactions over the Blockchain from Exchanges to Unknown wallets and Unknown Wallets to Unknown wallets. This volume has picked up significantly and could add some fundamentals to the drop in prices. Volume had a +5mill increased across exchanges, however a lot of BTC was moved in large amounts (this could also be the exchanges them selves and large OTC Desks 😉). It’s good to keep an eye on this and Bitcoin hitting 10k was a catalyst for some big players to potential move funds. Be aware of this in the future traders. This is exciting to see the amount being transferred once again. Nostalgia
Support Levels: 9500 Shows the next major support level on the daily chart
Resistance Levels: 10,000 next level of resistance
Channel of Interest (marked with the yellow channel box) Channel is holding anew could see price test the 9600 mark.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.3%
Approximate Bitcoin in Circulation: 18,210,800 BTC
Approximate Bitcoin Left to Mine: 2,789,200 BTC
Road to 21,000,000 Bitcoin Mined: 86.72%
Approximate Days Until Halving: 90-92 Days
Daily
Current Price: $9751.09 USD
Daily Change %: -1.01%
Market Cap: $177,569,868,640.00 USD
24 Hour Volume: $39,300,285,707 USD
Population of the World: ~ 7,763,599,300+ humans
Bitcoin/World Population: ~ 0.002345664593998 Satoshi’s / $22.87 USD per person
“The key is to develop a case where the probabilities of the market going in your favour is greater than it going against you.”― Adam Harris
GOLD: $1,573.01 USD +4.51 +0.29% Gold has risen $4.50 USD within the day.
Biggest Bitcoin Transactions of the Day
🐋 656 Bitcoin ($6,590,713 USD) transferred from Coinbase ➡️ OKEx
🚨15,000 Bitcoin ($151,708,762 USD) transferred from unknown wallet ➡️ unknown wallet
🚨1,000 Bitcoin ($10,002,733 USD) transferred from Binance ➡️ unknown wallet
🐋 2,500 Bitcoin ($24,872,537 USD) transferred from unknown wallet ➡️ Bitfinex
🚨2,789 Bitcoin ($27,758,935 USD) transferred from Bitfinex ➡️ unknown wallet
🐋 500 Bitcoin ($4,967,983 USD) transferred from Huobi ➡️ unknown wallet
🐋 500 Bitcoin ($4,987,254 USD) transferred from unknown wallet ➡️ OKEx
🚨2,000 Bitcoin ($19,728,181 USD) transferred from OKEx ➡️ unknown wallet
🐋 1,000 Bitcoin ($9,863,554 USD) transferred from Bitstamp ➡️ unknown wallet
🐋 751 Bitcoin ($7,395,740 USD) transferred from OKEx ➡️ unknown wallet
🚨1,069 Bitcoin ($10,529,479 USD) transferred from unknown wallet ➡️ Binance
🐋 501 Bitcoin ($4,913,627 USD) transferred from OKEx ➡️ unknown wallet
🐋 900 Bitcoin ($8,910,957 USD) transferred from Binance ➡️ unknown wallet
🐋 551 Bitcoin ($5,420,338 USD) transferred from unknown wallet ➡️ Bitstamp
🐋 710 Bitcoin ($6,984,471 USD) transferred from unknown wallet ➡️ Coinbase
🐋 708 Bitcoin ($6,966,731 USD) transferred from unknown wallet ➡️ Coinbase
🐋 700 Bitcoin ($6,881,833 USD) transferred from unknown wallet ➡️ Coinbase
🐋 501 Bitcoin ($4,905,479 USD) transferred from OKEx ➡️ unknown wallet
🐋 1,015 Bitcoin ($9,946,865 USD) transferred from unknown wallet ➡️ Binance
🐋 1,013 Bitcoin ($9,967,608 USD) transferred from Binance ➡️ unknown wallet
🐋 573 Bitcoin ($5,663,779 USD) transferred from unknown wallet ➡️ Coinbase
🐋 571 Bitcoin ($5,626,170 USD) transferred from Binance ➡️ unknown wallet
🚨 1,100 Bitcoin ($10,706,955 USD) transferred from Coinbase ➡️ unknown wallet
Total Bitcoin = 36,608 BTC Transferred
USD Amount = $337,541,749 USD