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Bitcoin 4hr analysis 3-7-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr time frame pulled up again after a decent bounce. We are in much better shape than yesterday and things look prime for another possible higher high. Anyways lets take a look at the charts this a.m. and see what we can see. The bulls woke up early today apparently and they decided the 4hr 200 MA was the time for a pivot and climb above support. The very same support that was resistance yesterday. The 4hr 50 MA is below us now along with the 4hr cloud. All bullish occurrences. But the real test is on at the moment. We poked out of the top of the triangle on the chart but we really need that confirmation candle to close to ensure the break is legit. And the current 4hr candle has 30 mins left its life so lets see if it can remain above the cloud and the triangle. One can clearly see that the 4hr 200 MA is strong support as the last 2 times we approached the indicator you had a real shot at entering a profitable long position. This is something you should take notice of in case we end up in a situation where we test other indicators such as the daily 50 MA and the daily 200 MA. With the reliability of the 4hr 200 MA very evident I imagine the daily will be even stronger. The daily time frame is the most important of all time frames imo. So now that we broke above the triangle (and the cloud to boot) We have clear skies above us. That is if we can manage to stay above support and 50k. I see a bearish gap on Monday due to the recent rise But that will be more clear to me in the morning. Things are looking really good to start the week.  With the stimulus bill passing through the govt passing we can expect some of that money to enter the crypto market. I am not saying we should expect a trillion dollars in new volume but I will say I do expect some people to throw their money into the market. We see directly after approval of the stimulus the market responds positively. One reason could be due to the influx of new volume or the fact that inflation will almost surely cause the price of BTC to rise while the USD loses value.  I really hope we can hold onto this bullish break this morning and as people decide to exit their slumber and look at the charts they may fomo into the market seeing this break. But this is pure speculation at this point. What we do know is we broke above the 4hr 50 MA, the 4hr cloud, and the triangle pattern we were stuck in for weeks. All bullish! So lets make this week a good one! Make good choices yall! And always remember... WTFDIK??? TLDR: Sunny skies, no clouds. Bears sleeping in. Life is good
by UnknownUnicorn4304403
Bitcoin 4hr analysis 3-6-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr and things are going like I assumed they would since I recognized this pattern. Support and resistance are clearly defined and now its just a matter of escaping this consolidation! I am going to try something a a bit different today and accompany this analysis with a video analysis. So I may not type as much. I know that will break some hearts LOL :) Anyways lets take a look at what is happening. The consolidation is real! We are stuck in the cloud as I type and this has been the case for 4 days now. That shows how reliable of an indicator the "ichimoku cloud" can be. When you enter the cloud its not so easy to escape and that is what we are seeing here. If we can exit the top of the cloud the bull market should be alive and well but if we fall out of the bottom... Well all I will say is set a stop loss. This week has been pretty flat in terms of price movement. I guess we are spoiled as investors and are used to several thousand dollar swings in this market. But a little breather may be what the market needed? Only time will tell. Stimulus talks are going on as I type and that could add more capitol to the market. Along with devaluing the USD through a massive printing effort. I mean if they are going to inflate our currency we may as well buy BTC and benefit from their short sightedness. We broke out of the 4hr cloud this week but the support didnt hold unfortunately sending us right back into the clutches of the 4hr cloud and we have been stuck there for the majority of this week. Right now the saving grace happens to be the fact the 4hr 200 MA (blue line) is right at the bottom of the cloud. This means double support which should remain strong through the weekend I imagine. That is if this strong support holds. If we lose the support all that stands between us and a real dip is the support of the former ATH at 42k... I will say this, I really hope the bulls have a few giant green candles up their sleeves. But I will not be greedy. I will stick to my plan and if I decide to enter a long you better believe I am entering my stop loss right after. Right now is not the time to be cute with your bags. If a dip is coming you should be ready. Another thing I should mention is get cold storage. If you plan to sit on BTC long term start thinking more about security. Cold storage is so much safer than storing in a hot wallet (exchange or wallet app off the playstore that looks sketch af) Learn to protect your investment. If you lose your $$ you want it to be because of your awful trading, not because some jerk phished your pw away... I hope you all have a great day and make good choices! WTFDIK?? TLDR: Bears suck. Cmon Bulls lets roundhouse kick these bears back into their hibernation caves
by UnknownUnicorn4304403
Bitcoin 4hr analysis 3-2-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a nice little bounce from support. Can the bulls keep the momentum going though? We have retaken some lost support so things definitely look better today than yesterday in my opinion. Anyways lets take a look at the charts.  I can see that since I fell asleep last night the bulls led the charge and retook the 4hr 50 MA. Nice work bulls! That was a big step towards extending the bull run. Although we are not quite out of the woods yet. The 4hr cloud is current resistance and if we cannot muscle our way above the 4hr cloud this mornings recovery may be short lived.  So we are sitting just below 50k and things look decent. The resistance of the 4hr cloud vs the support of the 4hr 50 MA. I can tell you that if you plan to long this set a stop loss. This is the most important time to set a stop loss as the market truly could go either way and you should be prepared for that.  Taking a closer look at the 4hr and a number of candles back we had a nice bounce from the 4hr 200 MA. This is why I enjoy using the indicator. The 50 MA and the 200 MA have always been quite reliable in my trades. So after seeing that bounce from the 200 MA and seeing us retake the 4hr 50 MA this may give traders the confidence needed to go long. Confidence is always abundant when support is abundant and right now we have a nice amount of support directly below us (on the daily and the 4hr)  So if we can muscle our way up above the 4hr cloud we have a real shot at another pump to a possible new ATH. Only time will tell for sure. I will be watching the charts today to see what the bulls do with this new found support. I hope you all have a great day folks! Make good choices! And always remember WTFDIK???  TLDR: Bulls woke up early and retook the 4hr 50 MA. We need to retake the 4hr cloud next to keep the momentum moving. Cmon bulls! 
by UnknownUnicorn4304403
Bitcoin 1 day analysis 2-28-2021Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up and I can see we are holding on to 45 K by the hair on our chinny chin chin. Weekends are known for being low volume event so this doesn't surprise me too much. But will Monday result in a green candle or two? That's the question on my mind. Let's take a look at the chart...  I still say there is a lot of support between 42 and 45 k and that coupled with the 50 ma being below us I am still ultimately boys although I have made sure my stop-losses are set accordingly. We are currently just below 45k but with this in mind we may have a bullish gap above us Monday. Only time will tell if this results in a bullish start to the month of March but as you all know I do like playing gaps so I will be watching.  In my opinion if we were to lose the support of the daily 50 MA or 42k I would likely be bearish. Let's see how the daily, the weekly, and the monthly close tonight. Lots of big time frames ending cycles so it is certainly something we should watch.  The way we can turn back bullish In my opinion is to retake the 4hr 50 MA. I love the 4hr time frame and when I saw us lose the support of the 4hr 50 MA I was discouraged. Now I will be watching the 50 MA on that daily time frame. Of it holds I believe BTC is still bullish. If not we could see those lower highs that are so common in a bear market.  I would love another Bullish month (March) but I'm not holding my breath. The writing is on the wall for bulls and im not saying we are going down yet. But I am saying set a stop loss. Many alts took a hit overnight. But there is still a chance that the bulls can flip the script. I hope you all have a great day! Make good choices! And always remember WTFDIK? TLDR: Wake up bulls and let's retake the 4hr 50MA. Someone wake Musk up and tell him to tweet something bullish lol
by UnknownUnicorn4304403
Bitcoin 1 day analysis 2-27-2021Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up as it is really doing well with my trading set up at the moment (50 MA, 200 MA, Cloud) The bears have made their presence known once again as the candles dropped from roughly 60k to 45k in a matter of days. I know that this price movement may be scary to you noobs but this is actually quite common with BTC. Anyways lets take a look at the charts. We are currently cruising along right above some key support that really needs to hold if we expect this run to stay alive. The 4hr 50 MA was lost over this week and that is bearish in itself. But the daily is the real deal in my opinion and as long as we remain above the daily 50 MA there is hope for a pivot. But that doesnt mean you should depend on a pivot. Rather set a stop loss and hope for the best while preparing for the worst. If this daily 50 MA holds we have a real shot at a decent long. So currently there is a lot of support between 42k and 45k. This could keep confidence high enough to keep the bull market alive. I would be even more confident if we make it to Monday above 45k. Weekends are known for lower volume (not always but more often than not) so Im not expecting too much. But I will be ready for anything and everything. Being a trader there is no other way to do it. Stay on top of them charts or you will get REKT. Nothing goes straight up forever. Even if the bull market does continue after the recent dump from nearly 60k, that does not mean corrections wont be on the chart as well. Its the very nature of a cyclical market. If you truly believe in Bitcoin long term the recent 20%-25% drop we saw should not bother you. Even if you did buy at 58k. Yes you do hold the heavy bags at the moment but I was you 3 years ago. Buying at 18k and watching the profit dwindle into actual losses. I lost even more chasing alts. Really I was buying into the pumps. Not before the pumps. Which means I was left holding bags while early investors sold. But that is the nature of the beast. Gotta learn to earn and sometimes that means getting burned. I see the 4hr 50 MA (I know this is the daily chart but I drew the 4hr 50 MA for your convenience) is the current line in the sand for the bulls. If we can retake that 4hr 50 MA that could be the start of another pump. Of course only time will tell. We got rejected already one time this week trying to retake the 4hr 50 MA. But not all hope is lost yet as we still managed to hold onto 45k as support. That coupled with the fact we are above the 50 MA on the daily shows there is still hope. Although I would not enter a long without a strict stop loss. I hope you all have a great weekend and make smart choices folks! WTFDIK??? TLDR: 42k - 45k shows promise as strong support. 4hr 50 MA (green line) is (IMO) what we need to conquer to keep the bull run moving.
by UnknownUnicorn4304403
BTCUSD POTENTIAL BREAKOUTSince we have 2 phases of the upward move and forming ascending triangle pattern in the 15 min time frame, we can expect that it can give a big breakout from levels of 49000-51000 levels. The market can enter into a long long uptrend phase with some frequent minor correction and it can sustain the uptrend till 55000 levels followed by 58000. Happy Trading. :-) Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
BITSTAMP:BTCUSDLong
by TraderParth
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bitcoin 4hr analysis 2-14-2021Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the four hour time frame pulled up after a new all-time high overnight. We hit around 49700 + and things still look good from the Bulls perspective. I do have a few things I want to cover so let's get this party started y'all.  First of all I want to keep it simple and look at the indicators on the chart. The 50m a is ascending with the candles and as long as we are above the 50 and made things look really solid. But being above the 50 MA and the cloud and the 200 ma is definitely a bullish scenario. We are still above these key indicators on the daily and weekly as well. All of these factors makes a strong case for the bulls...  50k is probably going to show some resistance to the candle. Maybe not 50k on the money but somewhere close to that. The reason I say it is 50k is a nice round number. Seeing as how we have not put much data above 49 k we have to take what we can get. And I do know that Traders look for nice round numbers like 50k for instance to place sell orders and whatnot...  Bollinger bands look pretty tight on the 4hr time frame. Which could indicate that volatility is on the horizon. So it does look like a breakout is on the way. Go to Bollinger Bands really don't tell you which way it's going to go. You have to combine it with other indicators to get a gauge on the market. And right now things look pretty bullish but I would set a stop loss just in case. Also the MACD on the 4hr looks like it could turn back bullish any second. Something to keep an eye on.  Happy Valentine's day to each of you. I hope you all enjoy your Sunday! Its supposed to freeze here and people in SE Texas dont know how to cope with cold weather. So if my power goes out I will try my best to still share my analysis. In the mean time watch for a gap to form below us if these recent gains stick around til Monday. Only time will tell. Have a great day. Make good choices my friends... And always remember WTFDIK? TLDR: New ATH (49800) We are knocking on 50k's door. Set a stop loss. 
by UnknownUnicorn4304403
Bitcoin 4hr analysis 2-13-2021Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the four hour time frame pulled up and I can see we have been in consolidation since early Friday and it looks to continue into the weekend and possibly even till Sunday. We will just have to see how it goes. There are reasons to be bullish and there are also reasons to expect maybe a short-term drop and I will touch on all of that during the analysis. So pull up a chair and let's get this party started. Looking at the current situation $46,500 looks to be the support currently. It flipped to resistance just a few days ago but we flipped it back to support recently and we are still above it and that is a good thing. We hit a new all-time high of about $49,000 on the 11th of February. Things are looking very strong for Bitcoin and I would be very hesitant to drop a short and even though I do think a drop will come eventually. The thing is I keep seeing bullish news come out for Bitcoin for instance they are talking about Visa and MasterCard possibly offering cryptocurrencies on their Network and allowing people to pay with them etc. That would be a huge deal for Bitcoin and altcoins alike. This news coupled with big news that we recently got about Elon Musk purchasing 1.5 billion dollars worth of bitcoin means the Bulls might be alive for a bit longer folks. But setting a stop loss is always recommended. Just in case those Bears surprise us. If we do in fact lose the support at 46500 over the weekend I would expect a drop to around 44,000 as that is where former support and resistance slide not to mention before our 50 in May is showing up right about in that area as well which means there would likely be a bounce their due to multiple supports. Of course I only time will tell if that is true. The best recommendation is if you are going to go that route and play the charts set a stop loss like I always say. Limiting your losses will save a lot of profit. We still have major support around 42,000 as well so since that was the previous all-time high back in January I am expecting that to hold up at least for a short period of time and possibly get a trade or two out of it. But setting a stop loss is always recommended and I cannot stress that enough. With all of these big names throwing their hat in the ring Bitcoin can really go off this year. Possibly even hitting six figures. And tell me about And tell me how you feel about possibly having to get on a waiting list one of these days to buy Bitcoin? It sounds like it may end up going that route if Bitcoin stays mainstream like this and all these rich people want to buy some. Not to mention institutions. I could definitely see a waiting list being a real possibility in the future for Bitcoin and I know that would suck but we need to be prepared for anything as there are only 21 million Bitcoin... So if we want to keep moving up we need to break 49,000 and we need to hold 46500 at the same time which is simply minor support but it is holding up nicely and hopefully we can see a bounce from it this weekend. If not we will likely Fall to around 44,000 I imagine. The weekend is typically low volume. So i'm not expecting a lot.  The market cap for BTC eclipses 1 trillion again. It's amazing to see the growth. I remember when the market cap was nowhere near 1 trillion. You could spend 1 million a day for 2000 years and not spend 1 trillion dollars. Boggles the mind it does. I hope you all have a great weekend.  Stay warm. I know a winter storm is crashing through the US right now so if you guys don't hear from me Monday morning my power might be out so just FYI. I have all sorts of devices to stay warm with so I should be okay but still. I hope you all stay warm and have a good weekend. Make good choices and always remember WTFDIK...  TLDR: 46500 is current support. 49k is resistance. The bulls are still alive and well. Set a stop loss! 44k shows promise of support along with 42k if we do drop.
by UnknownUnicorn4304403