BTC-USD
BTCUSDT UPDATE!!!!!Hi Traders,
BTC is creating a rising wedge. Its rejected the top 4 times. Its currently within a high volume concentrated confluence zone. There has also been an increased amount of sell order on the last rejection of the top of the wedge as seen circled on the accumulation and distribution indicator. If we get a break of the bottom of the wedge we will be looking for support at the very bottom confluence zone. Buy side volume has also started to tail off on the last rejection of the bottom of the wedge.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
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BTC/USD - weekly Analytics + Altcoins 10.05.2021Bitcoin is consolidating after the impulse movement that started at the beginning of May, which locally can lead to the growth of quotations around 60.000 - 61.000. Thereafter, it is necessary to monitor the situation in development as a scenario with the false breakdown formation and downward movement development is likely. Parabolic growth has lasted more than a year and the option of the deep price decrease should not be excluded.
Alcoins:
Of altcoins, we single out TRON (TRX) as the most promising coin for the development of growing movement.
BTC/USD - weekly Analytics + Altcoins 10.05.2021Bitcoin is consolidating after the impulse movement that started at the beginning of May, which locally can lead to the growth of quotations around 60.000 - 61.000. Thereafter, it is necessary to monitor the situation in development as a scenario with the false breakdown formation and downward movement development is likely. Parabolic growth has lasted more than a year and the option of the deep price decrease should not be excluded.
Alcoins:
Of altcoins, we single out TRON (TRX) as the most promising coin for the development of growing movement.
Bitcoin short - must see possible scenarios!Hello traders,
Here you see the 8 hours chart of Bitcoin . With a few possible scenarios.
We have already seen 2 main shoulder formations in the past that failed. When an H-S pattern fails you very often get an aggressive counter-move. See the red arrows after the necklines were not broken after all.
Currently we are develloping the formation of a possible head shoulder pattern, specifically the right shoulder. Above 64500 this pattern turns invalid but we can still get a double top . Only after a breakout with volume above the old top and a RE-TEST are we almost certain of much higher price targets.
Should the right shoulder now develop further we see a target of 45000 usd there. This is purely a hypothesis. Possibly we will get a double bottom at 47000! All things need to be followed closely. A roadmap that you desperately need because Bitcoin is driving everything with Bitcoin dominance.
It is very important now to follow the neckline closely. If we move away from that, we will get a price explosion upwards and 100,000 - to 300,000 usd or more for this year will be in the picture. It is important to trade what you see and not what you think! Hence these possible scenarios.
See also my other bitcoin chart with important targets and resistances which is the roadmap voor the shorter term.
Dear traders, this is my own personal view of Bitcoin and not an investment advice. Always use your money management and a good stop loss before placing any trade! This way you stay in this game!
Have fun and trade safely!
If you appreciate my posts, it would be nice to follow and like me! It motivates me to continue with these analyses!
BTCUSDT UPDATE!!!Hi Everyone,
We've got you a BTC update! So we thought it would be useful to give you a more birds eye view approach on BTC hence the update being done on the Daily timeframe by doing this it enables us to have more of an understanding of the overall direction of BTC and the strength of the move.
So as you can see drawn on the chart BTC is conforming to the bullish trend line that started back at the end of last year on the 10th December 2020 kickstarting the crypto bullrun. As price broke through key resistance levels $40000/41000 it then reached another resistance level at $47500 as seen circled on our chart. You can also notice the increased amount of buy volume coming in which makes that level a key resistance point which later holds as support. As price broke out of this key level it then created another high and resistance point $58000 (which is where price is currently sitting in).
Price then rejected this level and came back down in search for support at the previous resistance level ($47000 area). BTC then continued to create higher highs to reach its all time high price of $65000, although it was creating new all time highs it was also creating a rising wedge formation with decreasing buy volume and overall average volume, which resulted in the most recent fall in prices of 27%.
Now this is the important area, now knowing all of the past key levels pointed out earlier in this post, you can clearly see that the pullback in prices came all the way down to the key support area of $47000 but more precisely to $47500 which was also where the Daily 100MA sat. We saw a much bigger buy volume candle than the 2 sell side candles before hand indicating that the buyers were back in some form of control and managed to push prices back up again.
However, we cant help but notice the lack of volume coming back into the market albeit though you can see there are more buy volume bars than sells and the average volume has also increased slightly. Careful attention will need to be taken as price moves towards the very top confluence zone. If sellers start to take back control in the top zone then unfortunately we will have to wait longer for a new all time high. On the other more positive hand, if sell side volume fails to come back into the market within the top zone and buyers stay in control we can expect a small period of consolidation where past resistance turn support in the short term to allow more liquidity to come into the market for the push necessary to break he very top price.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
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BITCOIN BTC Now 3 active inverted head and shoulder formations!Dear traders,
Here the 30 minute chart of Bitcoin. Bitcoin is still trapped between 51724 and 60703 USD but we now have formed 3 active inverted head and shoulder formations. Interesting to see how that develops.
These patterns have as targets 61500, 65000 and 68700.
Look at my previous Bitcoin analysis for important support and resistance levels.
This is my personal take on Bitcoin and not investment advice. Always do your own research before trading and apply stops and money management fro safeguarding your capital!
BTCUSD - SWING ANALYSISBTCUSD - where it will head from here, refer the chart for the depth analysis.
Do write in the comment section if you want analysis on any other asset.
Share with your friends -Thanks !!
BTC :: Have U ever danced with the devil in the pale moonlight?That's how BTC'll do ya! Bull trap... bear trap... OOOOOH snap, bull trap! lol
It's called...accumulation zone eh! And, save a wad to buy BTFD when it comes!! It'll be the last one below 60K for a while. Don't try to swing trade this, they shakin' the tree!
BTC Scenarios Chart says it all!
Let me know what you think.
Please always do your own due diligence.
ALL I WANT IS JUST TO SHORT THE HELL OUT OF $DOGELooks like doge is on its way to fulfill the prophecy of $1
Lets see what Almighty wants us to see.
BTCUSDT UPDATE!!!!Hi Traders,
We're back with a BTC update as we enter a new week and new month! So last night we saw a pullback to the 0.382 FIB, Pivot and the 100MA 4HR. We will need to see some increased buy volume for the push higher. Total Market Cap is also pushing higher which is a good sign. If we manage to break $58900 we will then look at the two top zones as resistance zones. However, if we fail to create a higher high we will look for support at the 0.5 FIB or even lower at the bottom zone.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Bitcoin - Inverted head and shoulders formation in trendchannelHello Traders
Here is a new scenario for Bitcoin. Patterns are constantly changing so you need to keep updating.
We see a trend channel on the 6 hour chart of Bitcoin. The price of BTC is moving with great precision in this slightly rising trend channel.
Currently the small inverted head shoulder formation has formed a slightly larger inverted head shoulder formation (see my other BTC analysis). Price target for this inverted H-S pattern is +68000 USD.
The target from 68000 USD for BTC seems to coincide with the red trend line and the dotted target line at 68,352 USD somewhere around 16th of May (see the blue arrow).
Even with a pullback to 53,500 USD, the inverted H-S formation remains fully intact.
If we break out above the old all time high then the large Head shoulder pattern of my previous Bitcoin analysis automatically expires because the right shoulder would be higher than the head (last all time high).
BITCOIN - Resistance War Zone - Video Update!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for BITCOIN, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
BTC/USD - weekly Analytics + Altcoins 03.05.2021Movements at the current levels will determine further Bitcoin movements. At the moment, we can distinguish two main price movement scenarios - 1. Increased volatility and the formation of pullbacks with the reverse growth of quotations, which will increase the chances of a deep correction 2. The drawing of the correction and consolidations at the current levels with the further impulse growth that will give the grounds to expect the ascent of the price.
In general, the issue of the beginning of a deep correction remains relevant, so you need to be as careful as possible and minimize your level of risk at every available opportunity.
Altcoins:
TRON( TRX ) formed a false break from 0.116 level, which increases the chances for growth of quotations.
