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Bitcoinforecast

Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (7412.60). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. Take Profits: TP1= @ 8357.70 TP2= @ 9911.45 TP3= @ 12310.45 SL= Break below S2
BITSTAMP:BTCUSDLong
by ForecastCity_EU
3
There is a trading opportunity to buy in BTCUSDMidterm forecast: While the price is above the support 7306.30, resumption of uptrend is expected. We make sure when the resistance at 10914.00 breaks. If the support at 7306.30 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 7788 on 2019-09-26 and the trough at 7325.95 on 2019-10-23, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. A trough is formed in daily chart at 7306.30 on 10/23/2019, so more gains to resistance(s) 9937.75 and maximum to Major Resistance (10914.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (9182.30 to 8480.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (9182.30) Ending of entry zone (8480.50) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 9937.75 TP2= @ 10914.00 TP3= @ 12316.65 TP4= @ 13737.50 TP5= @ 15000.00 TP6= @ 17095.65 TP7= @ 19704.20 TP8= Free
BITSTAMP:BTCUSDLong
by ForecastCity_EU
3
The resumption of the uptrend is expected in BTCUSDMidterm forecast: While the price is above the support 7446.80, resumption of uptrend is expected. We make sure when the resistance at 9243.50 breaks. If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend. While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 7767.40 on 10/07/2019, so more gains to resistance(s) 8200.00 and maximum to Major Resistance (9243.50) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 39.
BITSTAMP:BTCUSDLong
by ForecastCity_EU
4
What happens after BIG-BERAS? Bitcoin TutorialHere in this tutorial/analysis we'll look at accumulation which happens before a next Big leg-up. You can find notes on the chart itself, I'll just explain what happens in terms of Thrust and Momentum during these accumulation phases. White line is line of bears and it measures the momentum (Price difference divided by time taken) of the move while its slant-ness shows the Thrust of the whole move. In current scenario you can see how bears are losing momentum after every move. To keep this theory validated we should not print any Lower low from here and go sideways for time being to weaken even more bears. Remember this thesis will work on higher timeframe chart which has gone through a significant price decline over time. BASICALLY USEFUL IN SPOTTING REVERSALS. You can check out the previous bottom which occurred in Jan-Feb 2019 by sliding left in the chart.
COINBASE:BTCUSDEducation
by tychelab
Distribution might be going on in bitcoinsevidences supporting the conclusion provided in chart.. shortening of buying thrust after the june rally, quickly followed by large severe selling waves and lack of follow through in the subsequent rallies and at the present position of the trading range the inability to cross above the 20dma, shows weakness in the price action unless the supply trendline is decisively taken out, price action on bullish expectation is better taken with a pinch of salt even then also, traders should be cautious of a upthrust formation at the level of the high made in june support as mentioned at the 200 day wilder moveing average and the zone of previous reaccumulation should be considered - 8000-7500 happy trading guys! Disclaimer.... not an investing/trading recommendation
BITSTAMP:BTCUSD
by capsule91
3
Bitcoin Life Cycle -> $ 2.00 to $ 20,000; now heading to $ 200Hi all Hope you don't hate me, after reading my conclusion in this post. I would like to bring a kind CAUTION to the users across the world with my technical analysis. I wish this wouldn't happen. But I can't deny the facts that I see in the charts. What-If Analysis: What-If Bitcoin falls to $ 200 ?? Do the chart tell us a complete different story that no-one cares?? Answer: (My Personal Forecast) Probably, Yes. Target Price is $ 200. Target Period is Q1 of 2021. Refer the chart that is used to predict this price action. Invalidate Scenario: Price will break the Red Line bullish. Further Confirmations: Price shouldn't go above 14k. Yellow line should be broken. Green Spiral will hold as SUPPORT. For more updates, follow me here . ~RPS~
BNC:BLXShort
by praveensam001
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (9325.90). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 10175.20 TP2= @ 10994.65 TP3= @ 11803.00 SL= @ 8940.00
BITSTAMP:BTCUSDLong
by ForecastCity_EU