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BTC - A few challenges.BTC is in a very decisive moment right now. It might trigger this Head and Shoulders pattern, what could bring the crypto down to U$ 3,850 (the optimal target for the HnS). It didn’t trigger yet, so that’s just a ghost that is haunting us. In any case, if we see a bullish pattern here, like a Harami or Piercing Line or Bullish Engulfing it could frustrate the Head and Shoulders for good, and take the prices back to the U$ 9,2k again, which is a quite important region (notice that it served as support and resistance in the recent past). For that happen, it should breakout the U$ 7,306 region. In the perfect world, BTC would go up to the green line, U$ 10,500, but for now, we have a few challenges ahead.
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
Bitcoin Resistance...After rallying over the past week with implications of a reversal, bitcoin is still encountering a lot of bearish sentiment. Presently, bitcoin is up against resistance from the 200 ema on the 8-hour time frame. This would not be the first time Bitcoin has broken through resistance in this rally, however there are many areas of resistance in the mid-7k range. Is this more than a short-term rally? The weekly stochastic is turning up, and the daily is trending up to a 4-day. There is at least potential for a reversal.
GEMINI:BTCUSDLong
by Veneficus
2
BTC Close to Bull Market! Next targetsHello, my name is Dan from Argentina. This is my new BTC analysis BIG picture: We are close to the next bull market. What do we need to confirm the bull market?? Lets look into the short term At 9300 we have 50(yellow) and 21(red) daily MAs. Important zone, if we break it, next target is the purple trend line . That is an important bearish line. If we break it we have 10.000 - 10.500 zone that was previously a big resistance. I think that if we arrive to that zone with volume and strange, we could break it and then, make new a new 2020 high! That may be the sign that will tell us that the bull market is closer, and surely we will arrive to the 12000s-14000s. There we have the 2019 high, and is a good zone to sell and take profits from this move, to reenter at 10000-11000 close to the halving. What to you think friends?? Please like, this is my first post :) Thanks!!!
GEMINI:BTCUSDLong
by danmilgram
If this happens, we're going to 15,000! Maybe 17,000?Ok traders. New chart here. Let me quickly summarize where we're at: We didn't quite hit my price target of 11k in the last trade. That's not all bad. Proper risk management should have dictated that you sold some of that trade on the way up. And if you're still in, no worries. I am even more optimistic than before. We have now dipped below our previous higher low of 9078. This signals a healthy correction. I do not know how this correction will play out. Nobody does. But we are in a bull market and I am extremely optimistic regarding the future of bitcoin, even more so now with this healthy correction. What I have drawn on the chart here is fairly self-explanatory and obviously purely speculative at this time. But, if BTC ends up following this pattern, then our finally target is a massive shot up to at least $15,000 and maybe as high as 17,000 or more. We will have also broken out of a long multi-year triangle. This will be highly significant and the last sign that the bears have no more hold on this market. My goal on this trade is to start accumulating more position at around $8,000. I will then sell a small amount at around $10,000 and put in my stops. Why, you ask? Because we will then be hitting our heads against some major overhead resistance and may fail to break through. If we do break through, I will continue to hold the rest and sell as we approach my targets, with a final %20 holding of this trade ready to hit 17k. Good luck traders.
COINBASE:BTCUSD
by stewdamus