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Bitcoin-btcusd-btc

Bitcoin Descending Triangle PatternA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower. KEY TAKEAWAYS A descending triangle is a signal for traders to take a short position to accelerate a breakdown. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
Short
by prajwalasp
1
Bitcoin | Multiple Timeframes (1H, 4H, Daily & Weekly)We've been waiting for Bitcoin to move up since we saw Ethereum going ahead... We feel confident that it will follow and also hit a new All-Time High. The chart is once more starting to look good. We will focus on the signals... Bitcoin Daily (D) Timeframe (BTCUSD) We start with the daily timeframe, here is the chart: First, we can notice prices moving above EMA10, EMA21, and EMA50. EMA50 is a strong one now sitting at $54915+. Bitcoin trading above this level is strongly bullish. Below signals bearish. Daily candle closure above this level is needed for confirmation. The RSI is strong above 50 and we have a bullish cross on the MACD. All the classic signals in place but some still developing. We also have a falling wedge and an inverse Head & Shoulders pattern, all these points higher. Bitcoin 4H Timeframe On this timeframe, 4 hours per candle, we can see BTCUSD moving above all of the EMAs. MA200 is the black line. We are strongly bullish above this level. This also happened after a higher low with bullish indicators, the signals are telling us that we should see GREEN. Bitcoin 1H Timeframe Finally, the 1H timeframe, here we can see the pattern that is pointing to straight up. Bitcoin Weekly (W) Timeframe We can see BTCUSD moving back above EMA10. The weekly timeframe closes in just 2 days. Closing bullish would mean that we had very little to no retrace. Now, when prices start moving higher... What's your target? I am now aiming at $80,000 followed by $100,00K What Do You See For Bitcoin's Future? We see bullish Bitcoin in 2021 and beyond. We are seeing bullish long-term longer than most people expect. Things will not be what they feel like. Things will look and feel bad in some ways but turning good in the core. The good will bloom and shine. Cryptocurrency will help us level out the upcoming financial disaster that the conventional markets will be facing. Leave us a comment with your views, thoughts, and opinions on this. I love you now, forever & always. Thanks a lot for your continued support. This is Alan Masters. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Bullish or Bearish ???Hi all !! Good day !! Hope you are doing well !! Bitcoin has formed two different patterns:- --------------------------------------------------------- 1. Ascending Triangle (Bullish) 2. Rising Wedge (Bearish) Bullish Points:- --------------------------------------------------------- 1. Formed Ascending Triangle 2. High Lows 3. Resistance 6.9k broken 4. Possible Bump & Run Breakout Bearish Points:- --------------------------------------------------------- 1. Formed Rising Wedge 2. Declining Volume 3. 50 Simple Moving Average Resistance 4. Bump & Run Resistance I'm waiting for the confirmation for breaking above the Bump & Run Resistance to be bullish or breaking below the uptrend support line to be bearish. I'm slightly inclining to the bearish side due to lack of volume. For more updates, follow me here . ~RPS~ Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
BITSTAMP:BTCUSD
by praveensam001
BITCOIN BTC EXTENDED BEAR MARKET !!!Hi all !! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BITCOIN for you. I have plotted how the BTC market could choose to behave over the period of time where no-one can predict. But I believe the downside target is between 750 - 1150 USD. With this target, I have tried different patterns and waves. And, the one in the chart perfectly fits my downside target. Peak Price: 20,000 Current Price: 5,060 Price Fall Target: 750 - 1150 I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart. For more updates, follow me here . ~RPS~ Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
BITSTAMP:BTCUSDShort
by praveensam001
Bitcoin To $10,000+ In Dec. Pt.2 | Altcoins Market UpdateBitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019... You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First? BTCUSD Early Bullish Chart Signals Above-average volume coming in for the bulls (Needs daily closure for confirmation). Hidden bullish divergence on the RSI. Reversal candlestick being printed... These signals still need more time for confirmation, but Bitcoin is looking like its ready to change course and start to climb up. Conditions for change Naturally, if the last low at $6515 is broken, the above signals become invalid. Altcoins Market Update The Altcoins market continues to grow. Today we are having some really, really massive bullish action for many altcoins pairs. We saw this coming months ago and appreciate your continued support... Now we can enjoy the profits. Much more will come, here are some charts with recent results: PATIENCE IS KEY! ------------- DATABTC (+1387%) KEYBTC (+360%) SNMBTC (+205%) NAVBTC (+156%) WPRBTC (+12%) You can expect the altcoins vs bitcoin pairs (ALTSBTC) to continue growing for a very long time... This is Alan Masters... Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
2
Will Bitcoin Bounce And Move Higher Right Now? | Here Is Why!Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since... A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick. But still, we believe Bitcoin will bounce and move higher, why? The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still no volume, then the bounce is guaranteed. The RSI is still doing good above 40. Not strong but still good if above 44, right now it is 47.97. Note: The blue rectangle is the potential sideways path for Bitcoin if it decides to do some sideways consolidation. Multiple scenarios are drawn on the chart... Where do you think Bitcoin is headed next? Share your thoughts and charts in the comments section below. Thanks a lot for reading. This is Alan Masters. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Changes Sentiment | Bullish Or Bearish Now? | AltcoinsIs the Bitcoin (BTCUSD) chart changing? Have we gone from bullish to bearish short-term after we hit 3 targets for our last BTCUSD trade? Let's take a look... Feel free to hit like if you want to now show your support. ______ On the chart above we have the 'UPPER TRENDLINE' and 'LOWER TRENDLINE'... This is the range in which Bitcoin is trading right now. First, keeping it simple: 1) If prices move above the 'UPPER TRENDLINE', Bitcoin can move higher and reach our next target at $8550 and beyond. 2) If prices move below the 'LOWER TRENDLINE', Bitcoin can move lower and test the last low at $7720. 3) If Bitcoin can't break either trendline, we are likely to see its price moving within the range mentioned above... This is likely to happen since the altcoins are growing and Bitcoin sideways is good for Altcoins growth. Bitcoin continues looking good, solid and strong. This short-term analysis has a few mixed signals, so we have to wait to see what the next move does... In the meantime, many altcoins are having a very strong wake-up call... Altcoins Market Update I mentioned several months back about the altcoins hitting a low and starting to grow for months to come... All those altcoins that hit a low back in August 2019, have been either consolidating or growing since their new ATL hit. Now, there are some altcoins that are still going down and recently hit new lows (late September), but these pairs as well are now consolidating and many are having strong moves up. The altcoins market continues to heat up... If you missed one opportunity, do not worry, many more will come. Even if you see huge growth, remember that this is only the beginning... And if you are reading this now, buying/trading, then you are already a winner, since you managed to catch the bottom of the altcoins market before the next run. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Strong Bounce, Going Higher? | $11,300INOur next target remains at $11,150 - $11,300 based on my previous analysis, which is playing it nice. Right now we are seeing a strong bounce for Bitcoin (XBTUSD) after hitting EMA10. We can see good volume and momentum building up. Above EMA10 we aim for our next target at $11k+. If Bitcoin moves lower, we look again for $10,500 (EMA10), followed by $10,100 - $10,200 as main support. Feeling the market: Bitcoin can easily move higher. Namaste.
BITMEX:BTCUSD.PLong
by AlanSantana
MFTBTC ready to take offMFT Mainframe looks completely prepared to take off, currently the only low satoshi altcoin which has not pumped yet. by looking at charts its clear that bottom has formed, you're getting bullish divergence and its getting accumulated from last few days. from here i was expecting the first wave to hit upto 65 sat or higher, and then a deep correction of wave 2 upto 50 sat after that mainframe is prepared for wave 3 upto 90 sat, probably more higher and can go +100 sat. buy 40-45 sat T1 65 sat T2 90 sat T3 +100 sat Stop loss 38 sat
M
by Husain_Arkghazi