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Will Bitcoin Bullish Rally Continue?Hello, dear subscribers! Let's take a look at current Bitcoin price action. We can see that the Head and Shoulders bearish scenario was cancelled becauce the neckline area was not broken. There was also the danger of dead cat bounce scenario that could means the end of bullish rally but the price was able to find support above the 61% Fibonacci level according to swing high and low. This bearish scenario was also cancelled. Now we can see that the price faced with the rejection exactly at the 78% Fib level but it is normal situation. If the price break through the 78% Fib the next rejection will be at ATH level, but now according to this analysis we can see that there is a high probability of bullish rally continuation and we can see the $44600 (R3 monthly level) during next week.
Long
by Skyrexio
4
SNX (Synthetix) Is Going Parabolic Although the crypto market has been pulling back, SNX has been heading ever higher! The coin is already up by more than 100% in 2021, and this may be just the beginning! SNX Momentum According to Nicolas Darvas, the writer of the famous book "How I Made $2,000,000 in the Stock Market", the stocks that are the most resilient in bear markets, and that even try to push up, are usually due to experience strong growth when the bear market is over. We can apply this theory to cryptocurrencies as well. The coins least affected by the bear market and those that recover quickly will probably boom in the bull market. SNX currently fulfills these criteria as the crypto market took a hit early this week, but the token has already recovered and made new all-time highs! Watch The Volatility If you decide to enter SNX (or you are already long), then it is essential to note that the volatility has increased strongly in 2021, as portrayed by the ATR. The Average True Range (ATR) is a volatility indicator. Many traders use the ATR as a trailing stop loss; for example, they may place their stop loss at two times the ATR. So if you buy SNX at $15, and the ATR has a value of $1.88, then your stop loss would be at $15 - (2*$1.88) = $11.24. On January 1st, the ATR value was $0.88, while today, the ATR value more than doubled at $1.88. Even if you don't use the ATR as a trailing stop loss, you can use it to judge how volatile the market is and whether you should make your stop loss wider or narrower.
Long
by cryptohopper
Is the BTC Price CRASH Imminent ?Hello, dear subscribers! Today there was 20% dump in Bitcoin price. We will try to understand is this is correction or begiining of a huge crash. We can see that yesterday the price formed the symmetric triangle which was broken down. This is a clear bearish sign and we saw the natural dump after that. The price tested twice the R2 level of $37000, second time it was able to break it down too. In a few hours price reached the R1 level of $32900 and bounced off it. Now it is testing this level again. As a result we have 2 possible scenarios. The first one is the R1 level breakout, it means the possible crash to the $25200 of CPR level. The second one is the second bounce off this level. In that case the price should form the double bottom pattern. Only if this pattern would be formed we can speak about bullish pressure dominance and new ATH in the nearest future. Also we should take in account that now price was influenced by 20% correction which is normal during BTC price rally since September. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
2
EDUCATION: Logarithm Growth Curve Hello, dear subscribers! Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis. The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods). The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts. Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
BITSTAMP:BTCUSDEducation
by Skyrexio
6
The BTC price move analysisHello, dear subscribers! Today we are going to consider two possible scenarios for the Bitcoin price. We ask you to support us with likes, it's not difficult for you and it will help us a lot. Thank you! As we can notice on the chart the price has a pullback from the $34800 level to $28000. As a result we can define the swing low and high to define the Fibonacci Retracement levels. The price bounced off the zero Fib level and found the resistance at the 61% Fib level. Now there are two possible scenarios for the BTC. Negative scenario The price is almost formed the Head and Shoulders formation. We should be very careful at the $30000 price level. It is important level to form this bearish pattern. In that case the price will go lower than zero Fib level of $28000. Positive scenario If the price find the support at 38% Fib level and bounce off it we can see the growth above the 50% Fib level. If the price find support also at that level and brake through the widening falling wedge the massive growth continuation has a high pribability. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
by Skyrexio
The ETH Price AnalysisHello, dear subscribers! Let's consider the ETH price movement analysis. Today we will talk about two interesting scenarios. The main scenario for the ETH is the bullish one (green line). The price now is in the ascending trend channel and more globally there is an uptrend for ETH too. If the price will break through above the ascending trend channel it reach the R2 level of $680. This R2 level coincides with the 3-year 0.5 Fibonacci level and the global 3-year resistance. As a result we can see the difficulties for the price to break through this level. But if it occurs we can see a massive price growth. We should be very careful for the bearish(white line) scenario. If the price reach the R1 level we can see the price pullback to the target 1 or target 2 areas. But if the price reach the R2 level this negative scenario is canceled. P.S. The price now is trying to brake the ascending trend channel but we should receive the confirmation that it is not fake.
by Skyrexio
2
🚀Bitcoin. Correction in the senior wave degree.🌠●● Mine scenario ● 1D You can see the count of the senior wave degree in the ideas published earlier. The probability that the growth goes subwave (B) as part of the triangle ((4)) is still the main scenario. But now i also add more bullish version of the count as an alternative (you will find it just below). ● 4h Previously published forecast is completed. Waves i-v as part of (v) of ((iii)) equality has been achieved, and the minimum structural requirements have been met. It is worth being prepared for a broader correction ((iv)) , which, based on the guideline of alternation, is more likely to have the shape of a Triangle or Flat. ● 45m Now I'm not considering short positions. On the contrary, locally the growth can be continued in the case of transformation of the wave (v) of ((iii)) to the Ending diagonal. With minimal risks, it is possible to enter long trades if the triangle (B ) of ((1)) is fully formed and after breaking this triangle up. ●● Alternative scenario ● 4h I also continue to consider the count in which the wave (B) forms a double zigzag W-X-Y . Locally, the count is identical to the main scenario, except that the correction is expected to be a fourth wave degree lower. ●● Global Alternative scenario ● 1D Of course, I am under a lot of stress assuming the possibility of a serious decline within the wave (C) of ((4)) as the the main count. But I will allow it on New Year's Eve to be an alternative count, within which the triangle ((4)) was formed earlier. There are some reason to consider such a scenario less likely, but, as it usually happens, if it is successfully implemented, there are many more reasons why it should be considered as the main count. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
1
The Probability of the BTC Price CorrectionHello, dear subscribers! Today we are going to consider the possible BTC price movements scenarios. There was the huge price growth three days ago from the R2 monthly CPR level to R3. But it bounced off this level and began a consolidation period. During this period the descending triangle pattern was formed and now the price is testing its lower band. We can also notice that the price bounced off the CPR daily and now is testing the S1 level which is matches with the triangle lower band. We can conclude that it is the strong support at this level. There are globally two possible scenarios: (1)Green. The price will bounces off this support level and continue its consolidation. In this case we should observe the future price movements to build the appropriate analysis. (2)Red. The price will face with the correction in case of the triangle breakdown. We can see the attempt to re-enter the triangle, but in case of bounce off this level down the correction to the $24300 is inevitable. The MACD indicator demonstrates the bearish sign: the MACD line crossed the 0-line and the signal line from up to down. To sum up, the BTC is still is very bullish but we have to watch for the further BTC price movement to make it clear when the correction could be. If the price will break through the higher band of triangle we can see the massive growth to the $28600. Please be very careful now!
by Skyrexio
2
EDUCATION: Parabolic Growth PatternHello, dear subscribers! Today's topic is parabolic growth pattern (PGP). This pattern can be applied for the current BTC price analysis. What is the parabolic growth pattern? This is a price growth pattern which is formed by the sequence of the bases and price pumps. The base is the price consolidation period after the price growth period. How to draw it? The main rule for PGP formation is that the parabola have to touch at least two points from the different bases. You can use arc to apply it on the chart. How to analyze with PGP? You can obtain some useful information for the price movement analysis when two bases have already formed and the third base formation is in progress. The main feature of PGP is that when the base 3 is completed the massive growth with a high probability there will be. This growth can be equal to the price change from the beginning of the formation of the parabola, but this growth is much more rapid. After the last huge price move we should wait the pullback to the base 3 level. This pullback can be sharp or smooth but it is inevitable.
Education
by Skyrexio
1
The BTC move to $27000 is unlockedHello, dear subscribers! Today we have a very nice opportunities in BTC trading. The price was in horizontal channel, restricted by the CPR R1 and R2 levels. During these fluctuations it formed the symmetric triangle and yesterday the key events occured. The price broke throug the triangle and the R2 level clearly. We can add to this analysis the clear Fibonacci 161% level breakout and receive a strong bullish signal. Let's consider the indicator analysis. There is a strong confirmation of the uptrend because the Alligtor starts the feedind time while the MACD line crossed from down to up the signal line. Also we can notice the bullish engulfing pattern which is a strong confirmation of an uptrend in case of Alligator detected trend beginning. There are no more any resistance on the path to the $27000 price for the Bitcoin.
Long
by Skyrexio
2
Will BTC price growth continue?Hello, dear subscribers! Today we receive a new evidences for the future BTC price growth. Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance for this period. White arrows demonstrate the points where the price could not break this level. Yesterday the price broke through this level and it seems that found support here. Now we should wait for the confirmation. If it happens we can see the price growth to the 1.68 Fib level and to the R3 CRP level. Another one significant confirmation of bullish bias that the price returned back to the ascending trend channel. The break down was fake and we did not see the rejection.
Long
by Skyrexio
Bitcoin showcase is going onHi, I would like to share opinion with you. First of all I'm trading amateur in a learning process and I'm really happy with results till now. Actually I become obsessed with investing :) What we can see in this chart are the analysis that I created just before BTC spiked above $24K. There is an uptrend with the price, but downtrend within RSI. Many big investors came in after $20K per BTC so there are indications that last big movement can be repeated. It would be nice to see some altcoins to make some real movements based on what BTC did last couple of months. But what we can see for last two week, everything is up to BTC, altcoins are follow BTC movement like little ducks their mommy. :) I recommend you to don't take my analysis as 100% true as I'm still an amateur.
BITFINEX:BTCUSDShort
by swxtrade
1
Will BTC repeat 2019 year scenario?Today we noticed very interesting coincidence about BTC price movement. We have it's behavior near the 2019 HH on the left part of the chart. There was almost the same price pattern: the massive growth, dump to the CRP monthly level, huge pump to the Pivot R1, R2 and R3 levels and after the pullback scenario. It is obviously that now the BTC price is in the bubble and it will burst sooner or later. Here we have a possible interesting idea of new ATH price. It is assumed to be at almost $28000, but we set the last target at $26000 because the price has a great volatility near the HH. But the price should to break up the privot R2 level first to move to R3 level.
Long
by Skyrexio
2
🚀Will Bitcoin survive the fourth wave of the supercycle?🌠●● Mine scenario ● 1W On the left is a variant of count of the SP500 index, in which the wave ((5)) of V forms a diagonal. On the right is a variant of count of BTCUSD , which assumes a sideways correction by the wave ((4)) , as part of the final wave V of (III) . ● 1D Probably, wave (B) of ((4)) is forming a single zigzag (double), followed by a decline in wave (C) . The critical level for wave (B) of ((4)) is 36900 , if it is broken, then wave (B)> 200% of wave (A) , which is unacceptable in triangles and, most likely, in flats. ● 4h Count of the wave structure in the 4h interval. The first targets for wave iii of (v) are located at the level of 24470 , at which point wave iii will equal 1.618 of wave i . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
6
The next BTC price targetsHello, dear subscribers! There was a nice BTC price pump today, which made it clear that the price is going to reach the resistance line of the ascending trend channel. Bitcoin broke up the ATH, it's an overcome of the great psychological barrier. In addition, the BTC price bounced off the monthly CRP line, broke up the TC line and now is seeking for the pivot resistance(R1). We can define now 2 possible scenarios. The first one is the reaching the resistance line of the channel and breaking it up for the target $22000 pivot R1 level. The second one - reaching the channel resistance line and pullback to the support line with the $18800 level, after that the growth to the $22000 will continue.
by Skyrexio
1