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Bitcoin-btcusd

Bitcoin 4hr analysis 12-28-2020Good morning again ladies and gentlemen and welcome back to my look into the exciting world we know as Bitcoin. We have officially entered Mars' orbit and ground control says all systems go! But seriously. 28400? We had a strong weekly candle once again after yesterdays close and things still look pretty good considering. I still have that feeling the bears will hit back. I will discuss my thoughts in this analysis. So lets get to it. Stimulus is a go. 600 USD per American (many Americans) to the tune of hundreds of billions of dollars. Not to mention they needed even more money for the various nefarious items out politicians desire so much. But I do have good news! As they print the USD into oblivion it will certainly work in Bitcoins favor. I cant rule out the idea that much of this pump has not been so much artificial, but rather fueled by inflation (along with other factors of course) and if they keep pulling USD out of a hat so to speak it will make the price of Bitcoin increase IMO. Does that mean no more dips? No... The bears will still take us down. But inflation of the USD will only strengthen BTC in my opinion. Okay let me jump down off my soap box and discuss the charts. I threw an ascending support onto the chart. It is obvious that it has been acting as support and resistance over the past few days. I also see when we dipped below the ascending support the 4hr 50 MA was what was holding us up. As long as we remain on top of the ascending trendline I drew I am not convinced the pump is done. If we do lose it I would have my stop loss below that 4hr 50 MA because I have a feeling if we lose the 4hr 50 MA we may lose some serious ground. But these are all hypotheticals at this point. Right now we are still sitting above 7k and above both levels of support so Im optimistic for sure. One thing I want to bring up is the fact there is quite a large gap below us. From 23750 - 26500. These gaps tend to fill rather quickly upon showing up on Monday but this one has yet to have an effect. The bullish market could just be too much for the bears to mess with or perhaps the stimulus news is slowing the cash outs. I assumed many would cash out to get tax money to cover their dues come tax day 2021. Its just a part of investing. But if people are about to receive 600 per dependent and per each parent they may not need to worry about cashing out their bullish BTC in order to meet tax obligations. Or maybe people just want to wait til the last possible minute to make sure they dont miss any pump? A multitude of possibilities. Time will tell if this bullish market will roll into 2021... 2020 has been one wild and crazy ride where people thought Bitcoin was going to crash and burn after the dump on March 13th of this year. But since then we have 7x + in around 9 months. That is incredible. Is the fun over? Maybe. But even if it were to come crashing down I had a blast watching this surge. The one thing Im confident of is Bitcoin is not done. It will rise even more. Even if we lose 50% today. We will see 6 figure Bitcoin eventually. Its a matter of time in my opinion. The fundamentals of the USD and BTC dictate that BTC should rise in value due to its limited nature. That is what attracted me to Bitcoin in the first place. I hope you all have a great week. I will be watching the charts closely. Please make good smart choices folks. And always remember... WTFDIK?? TLDR: Still bullish but I have a stop loss set for sure. Big gap below us From 23750 - 26500. So be careful and set that stop.
by UnknownUnicorn4304403
Bitcoin 4hr analysis 12-26-2020Good morning again ladies and gentlemen and welcome to the 25k level. We are knocking resistance down left and right tearing our way up the charts. I said I would be satisfied if we made it to 25k but I must admit I am still pulling for the bulls! 25400 has been broken and that is the new ATH. Nicely done bulls! Lets take a look at what is going on with the charts this morning. We have been tearing up the chart. It is really nice to see but we all know that gains that stack like this rarely stick. Does that mean Im exiting my position this a.m.??? No way. But I am walking my stop loss up just to be safe. Locking in that profit is important. If you do not walk your stop loss up the dip may catch you by surprise. I cannot tell you for sure how this dip will materialize. But I can tell you what goes up must come down. With a little TA knowledge I see the break out from 2017 (from September 2017 - December 2017) We saw a rise from about 3k to 20k. That was a 17k increase. I used this info to gage the break out we are experiencing at this time. If we do get that high I would say 27750 would be near the top. Of course TA is not always cut and paste. So you should be prepared for a dump today. Prepare for the worst. Hope for the best. And lets hope the bears stay in hibernation. There isnt much I can grasp at these levels quite yet. Tomorrows analysis should be a bit more in depth I imagine. But the one thing I can say is Bitcoin doesnt seem to be done yet. We are kissing 25500 as I type this. And dont forget this is a Saturday so pumps like this were not really expected. Especially after a big holiday. I guess we all got a decent present this year. Thanks Satoshi! Will 25k stick? I sure hope so. The higher we climb on the chart the more likely a retrace will not take us down past 5 figures. I mean its totally possible but the bears will have to bring their A game to turn this bullishness around. I do think a dump of some sort is coming though. Maybe after the first of the year? With institutions buying in and the halving behind us along with a few other events this break out can be looked at as the perfect bullish storm. This makes me excited for the next halving which is over 3 years away. Will we break 6 figures after that? Before that? Citibank seems to think we will be at 310k BTC by end of 2021. And with all the money the US is printing I can see that becoming a reality. But only time will tell. Set a stop loss and enjoy this pump. We all deserve it. I hope you all have a great weekend. Enjoy those gains traders and long term investors! Make good choices and always remember WTFDIK?? TLDR: 25500... Need I say more?
by UnknownUnicorn4304403
💡BTCUSDT Second Chance: Profit=22% SL=7% Reward/Risk > 3.1:1Second Chance Trade Setup summary: Profit targets=22% = {TP3= 3% + TP4= 7% + TP5= 12%} Stop Loss = 7% Reward/Risk > 3.1 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (11111) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP3= @ 11442 TP4= @ 11886 TP5= @ 12468 SL= Break below 10840 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 39% Closed trade(s): 21% Profit Open trade(s): 18% Profit Trade Setup: We opened 5 BUY trade(s) @ 10371.00 based on 'previous Forecast' at 2020.10.02: Closed Profit: TP1 @ 10840 touched at 2020.10.08 with 4% Profit. TP2 @ 11111 touched at 2020.10.09 with 7% Profit. TP3 @ 11442 touched at 2020.10.09 with 10% Profit. 4% + 7% + 10% = 21% Open Profit: Open trade is 11333.00(current price) - 10371.00(open price) = 9% 2 trade(s) still open, therefore total profit for open trade(s) is 9% x 2 = 18% Technical analysis: . BTCUSDT is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6
Resistance Became Support | BitcoinIn my last post, I made the case that Bitcoin has found its bottom at the green support zone because of the following reasons: 1: Bitcoin has fallen 20% from the current peak to the support zone 2: The support zone was key resistance multiple times. The fact that it broke resistance is significant! 3: The 21 weekly ema was at the support zone. As we can see now, Bitcoin has made it out of its support zone. What this means is that Bitcoin has made its previous resistance new support and that the 21 weekly ema was also kept as support. This is extremely bullish! So what can we expect now? First of all, the previous consolidation area has to be breached before the price can really kick off a new rally. It is likely that in the next few days, the consolidation area will be hit. When that does happen, i'll make a new update. As of now, Bitcoin seems to be incredibly bullish.
BITSTAMP:BTCUSDLong
by VinanceYT
BTCUSD Update: Profit=622900 SL=94000 Reward/Risk > 6.6:1 Trade Setup summary: Profit targets=622900 pip (56400 + 84400 + 112900 + 147800 + 221400) Stop Loss =94000 pip Reward/Risk > 6.6 : 1 Current Status: Total Profit: 272400 pip Closed trade(s): 272400 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 9285.00 touched at 2020.07.21 with 7300 pip Profit. TP2 @ 9384.00 touched at 2020.07.21 with 17200 pip Profit. TP3 @ 9475.00 touched at 2020.07.22 with 26300 pip Profit. TP4 @ 9712.00 touched at 2020.07.25 with 50000 pip Profit. TP5 @ 9900.00 touched at 2020.07.26 with 68800 pip Profit. TP6 @ 10240.0 touched at 2020.07.26 with 102800 pip Profit. 7300 + 17200 + 26300 + 50000 + 68800 + 102800 = 272400 Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (10856.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 11420.0 TP2= @ 11700.0 TP3= @ 11985.0 TP4= @ 12334.0 TP5= @ 13070.0 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:BTCUSDLong
by ForecastCity_ME
13
BITCOIN - THE STORY UNFOLDS WEEKLY CHARTS R SAYING A LOT MORE , IF ONE CAN SEE , RSI is drawing the same pattern , as being developed in last peaks ...look at the two circled "M" kind of peaks on RSI . .. looks like its make or break fro #bitcoin pretty soon , most probably next 1 or 2 week , STOCHrsi on weekly is already peaking out , if bitcoin starts downward journey here , we will have a bearish divergence on weekly which will lead to bearish divergence on monthly timeframe too , that means a heavy correction can happen in next month or two . but before that i expect a sudden peak in very short term towards 10100, will wait to short there . - it's My trading plan .
BITFINEX:BTCUSDShort
by sachin81ksd
1