Bitcoinforecast
BITCOIN- Positive Divergence & 200 EMA support200 EMA support on Daily Time Frame. Good opportunity for Short up side Target. Keep on Eye.
Bitcoin Has a Good Head on Its ShouldersIn a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies.
Nothing? Not quite.
Bitcoin has so far shown great resilience, foiling any negative news. I remain strictly bullish above the pivot area of 43000. The bearish head and shoulders pattern has not yet been validated, but it nevertheless invites us to be cautious. I thus reduced the size of my positions in order to minimize the risk.
If the pivot area and the pattern's neckline are crossed, I will go neutral by buying supports and selling resistances.
I will not hesitate to buy a possible rebound on the support area of 30000/28000, which corresponds to the objective of the head and shoulders pattern. Under this zone I will place a stop order below which I will become strictly bearish.
Of course, this is only my opinion ;)
Bitcoin falling wedge on hourly chart Falling wedge is a bullish pattern. Bitcoin is forming a bullish falling wedge pattern on an hourly timeframe.
Bitcoin 2021 perdictionIn 2013-14 we have 2 bull runs.
2012 bull run top to 2013 bull run top - around 1400 % gain
2013 bull run top to 2017 bull run top - around 1400 % gain
if history repeats itself then we can see a price target of 3,00,000$ in the 20121 bull run.
From 2012 bull run top to 2013 bear market bottom - around 2.7x
from 2013 bull run top to 2018 bear market bottom - around 2.7x
from 2018 bull run top to 2022 bear market bottom - around 2.7x(prediction) 50-60K $
Is BTC going to 35000 Zone?BTC was trading in a triangle pattern for a long which broke on the downside and technically the target is around 35500.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
head and shoulder pattern in bitcoin in daily time frame.After Tesla news, we can witness a huge crash in all of the cryptocurrency!
Trade cautiously! :D
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (47230.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 29.
Take Profits:
TP1= @ 53274
TP2= @ 57950
TP3= @ 59760
TP4= @ 62685
TP5= @ 64940
SL= Break below S2
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BTCUSDT Bitcoin price forcastHey Guys, Here is my view about bitcoin pricce, i think BITCOIN it will touch 1,15,000 usd in Jul-Aug 2021, and there after bitcoin bearish market will start for almost 440 days and there bitcoin bottoming at 21.500 usd price.
Bitcoin Key Support, Resistance and Breakout levelsBTC has been rangebound for a couple of months now between 50-60k levels. 49000 is key support, followed by 44k. Sustenance above 61000 gives strong resistance, sustenance for a period of time above that level can be bullish. However key moves are expected soon, this week will be crucial to determine its direction.
BTC/USDTBTC/USDT
We need to bounce from this level, otherwise we will get 52k. Its strong for now, watching this with 4 eyes! The supports are given with box!
bearish BTCas per my analysis BTCUSDT at strong resistance zone and supported by bearish harmonic pattern. so i would expect bearish movement from now. Targets are 56400, 55300, 52000
BTC looking BullishBitcoin Inverse Head and Shoulders pattern on 4h TimeFrame.....good consolidation happened earlier...so higher change of going up
Bitcoin 65k soon....I AM BULLISHBitcoin 65k soon....I AM BULLISH
THE CHART INDICATE THAT HOW TO RISE OF BITCOIN PRICE IN UPCOMINE DAYS.
NOTE: SUPPORT AND RESISTANCE ARE MOST IMPORTANT,
AND MUST RESPECT OF ALL.
BTCUSD LONG SETUPBTCUSD looks strong on the upside.
The chart first formed a strong support with TDI diversions. Followed by the first leg of up move. We are watching some resistance because of the trend line firstly and secondly this area has acted to be a resistance zone earlier too, hence 55000 is an important zone.
Now two trades are possible-
Case 1- Breakout- If it breakout above 55300 then it is a good buy.
Case 2- We can see a pullback and if it takes support on the trend line then we can add long position.
In both the cases, a strong up move is expected which can take it to 57000 followed by 60,000 levels.
BTCUSD : Looking for great buying opportunity!BTCUSD is looking for great buying opportunity to take the move to the upside & has the high probability to reach at $70,000
Bitcoin USD may few hours 48136. but wait for retest at 51584.good time to sell at 51584, stop loss at 53553,
target 48136. wait for the retest. and sell.
BTC and the Median Line IIPrices back to test the 50% parallel trendline.
Static support 42K
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Bitcoin daily chart 21 Apr50000 is a crucial level, breaking it will go to around 42000 and then 30000. However, the uptrend momentum has lost steam so keep a cautious approach.
