# BTC / USD 4 h Ma 50-100-200BTC / USD
4 h
Bitcoin forms a fractal that we had on January 25-26.
Therefore, we can see a flat in this zone with false punctures
used ma 50 - 100 - 200
Interesting buying area 9575 - 9450
Breaking through and leaving below will trigger a further fall in prices.
But for now, we can expect a price return with targets of 9950 and if we manage to break through and gain a foothold above 10,000 then the target will be 10350
This is just my opinion, and is not a call to action)
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BTC/USD TA Update (Short-term pullback?)BTC/USD
Bitcoin broke bearish of this bear flag on 2hr time-frame period.
Currently, the price is testing previous support and upward trend-line coming from 8200-9100 two touchpoints.
If we see BTC drops to 9600s and the RSI hits oversold on hourly time-frame we might experience a potential relief bounce to upper 9800s.
At 9600 areas are our key support levels to keep this uptrend going,
if we lose 9600s Bitcoin could drop further down to the 9300s and consolidate in those regions.
BTC/USD TA Update (Pullback to 200D MA?)BTC/USD
Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks.
Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600
before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier
if it will consolidate for a while to establish new strong base support for the market to continue higher.
BTC/USD TA Update (1 More Leg Up?)BTC/USD
Bitcoin is still respecting this upward trend-line of support and immediate EMAs on a 1-hr time-frame period.
As long as BTC follows this key support line, I can see another leg up but keep in mind the RSI is painting a warning signal.
Please keep stop-loss in place in case of major dump happens.
BTC/USD Take profitBTC/USD
Based on Elliot wave theory and several confluence other reasons. I am would say to expect a retracement to 8.1k ish by around May 1st.
This is based on Horizontal resistance and fib retracements.
There are several other reasons for this however I am too lazy to put them here as I don’t really have a following and my past trades will be proof of my experience.
BTC/USD TA Update (Bulls are back)BTC/USD
Bitcoin has now set a new Higher Low at 8200 regions and establishes an upward trend-line of support.
This 4-hour uptrend looks a bit extended especially the RSI entered the overbought conditions.
BTC could form a double top at previous swing High and pullback to key support area before it will rally up again to challenge the top resistance zone.
I'll wait for a pullback to key support for a good Long trade setup.
BTC/USD if the dynamics and symmetry continue for 1.5 years X100BTC / USD if the dynamics and symmetry continues from $ 3100 - X 100. At first glance it looks very silly for active traders. Price increases by a large percentage and for such a short period of time.
But it is worth noting that in 2015 , after the hacker attack of the Mt Gox exchange (price drop from $ 1,200 to $ 200) and as a result, 70% of the bitcoin market was squeezed from the crowd by Jed McCaleb and his team. Few people then thought that in 2 years, the asset for which the real price “zero” would rise in price by 100 times in a stable currency - the dollar. From $ 200 to $ 20,000 and for some one and a half years!
Maybe the reason is that an “air asset” which has nothing to attach to anything real and material can inspire the crowd at any price. And the more inadequate and fantastic the price, the more willingly the “ordinary greedy person” believes in it.
If everything continues in such dynamics and symmetry, then from the minimum price of the secondary trend of $ 3100, the target is to pump that asset for which the real price is "zero" in the zone of about $ 310000.
But there is one caveat and it is very significant and logical. We used to regard everything from the position of a relatively stable dollar. Everyone is trying to keep their savings in a relatively hard currency - the dollar. Imagine that as a result of certain planned actions to switch to a new financial system and a new world order, the dollar will be so devalued as to “kill the faith in old money” that you can’t buy a kilogram of sugar for $ 1000, for example. I can’t even imagine what value will be in the trash currencies of other countries at such a time. For example, the Russian ruble. Probably paper printing it will cost more. Salary to the janitor will be issued in the tens of millions of rubles, or simply in kilograms of money, so as not to count.
Fairy tales? Not. This has already happened more than once in history, and in fairly economically developed countries. An example is Germany, after World War 1 and shameful surrender - the salary was given in kilograms of money. There was a paradox, printing new money at the same maximum face value was more expensive than the amount of money received. Essential goods grew in price in relation to kilograms of waste paper currency several times over several days. You need to understand that before the war and surrender, it was one of the most stable currencies in the world. So in a short time everything can change dramatically. But could the Germans have believed all this for some several years before that? No, of course ... But thanks to zombies with tales of the Aryan nation and Hitler, who eventually went too far - decades later, Germany was again one of the most developed countries until World War II.
The United States is now the locomotive of our civilization, but the locomotive urgently needs new software, so a reboot is not far off. Just imagine in an instant. Riots in the United States, political and economic instability, the “war with China” and other games to launch the process of instability around the world. After all, a reboot is required throughout the world.
Every day, the price of a once stable currency in which everyone was “hiding” with any instability - the dollar will fall in astronomical progression. People will want to somehow save their money. And then you can pump up "something that does not cost anything" - Bitcoin, up to $ 310,000, or even up to a million dollars. Or then the equivalent value will be measured not by the sum but by kilograms? Bitcoin -100 kg of dollars. It sounds funny, of course. But the question is, what can you really material in such a difficult transitional time you can buy for these $ 310,000 of waste paper ???
Let's all the same think that Bitcoin will so rise in price in such a short time, and the dollar at that time will be the same relatively stable currency as it is now!
After all, thoughts tend to materialize if a large number of people believe in them - naturally thanks to action, not mysticism!
BTC/USD TA Update (Short-term Downtrend Continue?)BTC/USD
Bitcoin is following my target zone to the downside after it failed to get above 8800 regions.
When Bitcoin reaches this key support and the RSI hits oversold conditions,
we will likely see a bounce up as the 200MA will coincide to this region and it will give BTC boost to move up.
BTC/USD TA Update (Important key Support Must Hold)BTC/USD
Bitcoin hasn't done anything for the last 48 hours, the price is just hovering at 8600 regions.
If BTC fails to hold these current levels, I'm eyeing for 8200 - 8000 level of support before it could bounce to the upside again.
But if Bitcoin recovers from the V-shape pump, it may face an immediate resistance between 8900-9100 area.
Those who are in Short positions have their stop-loss at 9200 area.
BTC/USD TA Update (9000 Target Area?)BTC/USD
Bitcoin touches the 9000 levels and the upward trend-line resistance area.
I'm still not removing the possibilities that Bitcoin could overshoot to 9200 regions before it will pullback at normal key support areas.
If BTC fails to get above 9000 there is likely a chance to pull the price down to 8800 - 8600 regions.
The RSI is painting a bearish sign but the upward trend is still strong base from price action.
This is a high-risk area of trading and we know Bitcoin is unpredictable at some point.
I don't recommend Short or Long positions, I want to see the break of this pattern before deciding which position I will take.
BTC/USD TA Update (Bearish Pattern?)BTC/USD
Bitcoin is quite looking a bit exhausted on its uptrend and currently painting a bearish ascending channel.
If BTC fails to hold 8600 regions, I'm eyeing the next support at 8400-8300 but this area of support is not good enough in case of a major drop.
The next Key support is between 8200 - 8000 levels which have higher chances of a bounce from this area.
We know Bitcoin has to cool down at some point to build a next Higher Low on the Daily time-frame.
Please don't use over leverage and keep your stop-loss accurately.