Bitcoin on way towards 31kBitcoing trading in bullish flag pattern and it is trading in range since 24 hour, very soon breakout can take place,, which can make clear way towards 31k for Bitcoin Darling. Right now it is trading at 30168 start accumulating from current levels to 29900 and keep stop loss at 29675 and we can see targets above 30500/30750/30950+, Price is above 200 EMA, which is a sign of bullishness. So this will be best risk and reward trade in BTCUSDT.
Note:- Please follow strict stop loss.
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Buy bitcoin from current level for target of 31000 Bitcoin trading at lower support zone, it is just made low and this is gonna to be reverse from here, Very soon we will see a hammer candle over just here. Price and action showing a pull back from this level. So if anyone wants to go long can go from here. Right now it is trading at 30410 and keep a stop loss 30200, Very small stop loss, and go for target above 30800/30900/31000+..All Cryptos looking bullish,,Ethereum already given sharp move for upside. Now it's Bitcoin time to shine. Chances are very high for reversal from these level. Please follow a strict stop loss.
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If bitcoin doesn't follow this , these are some supports level Bitcoin close the weekly candle above the $25,000 key level. We will see a last wave toward the $29,000-$32,000 resistance level. You can start booking profit or increase your stop loss as we might see a test of the $25,000 level in the coming weeks.
if btc doesnt close above $28700 then the reversal patterns for price action start to perform and bounce back previous week price.
do your own research
this is for educational purpose and mention your comments and opinion below
thanks!
$BTC Price Prediction$BTC exactly jumped from average weighted buying price from the bull (The Blue and Yellow line) and makes 25% move to the upside. Now it is facing resistance where usually swing traders take profit($23.9k - $24.5k), also MFI retesting the bottoms of H&S pattern trendline and RSI upper trendline also being tested. If $BTC breaks these trendlines and crosses $25.5k area then we may se upper targets as mentioned in previous tweets else it is just a bull trap.
Not a financial advice
Trade at your own risk
BITCOIN LONG-TERM VIEWBitcoin is going through massive pain areas as compared to the other cryptos, as it has been affected the most in this bearish time frame. We have given here the technical analysis for the long-term scenario and short-term scenario, with all of its possibilities. The price is volatile enough to move in any direction- up, down or sideways.
Bitcoin USD Live chart states that currently, Bitcoin is trading at $4140.28 with a market capitalisation of $62,477,511,147 and circulating supply of 17,429,512 BTC.
First, let us represent the long-term monthly time frame chart of Bitcoin live ticker- XBT/USD (BitMex) as per Bitcoin stock price, which covers both resistance and support levels with Bitcoin candlestick charts as well.
Long-Term Analysis (A Month Timeframe)
Bitcoin Long Term Analysis
Scenario 1: Bullish (Uptrend)
If the Monthly candle (December) closes with price above $3430 with decent buy volume then we might see the price the testing the "Resistance Zone 2" ranging from $4207-$4700 within few weeks.
Few other factors in confluence with the bullish scenario:
1) Stochastic RSI is in the Oversold Region (its a region where asset price is likely to rebound or bounce).
2) Selling Volume (red bars at the bottom of the chart) is declining i.e. sellers are getting exhausted.
Scenario 2: Bearish (Downtrend)
If the Monthly candle (December) closes with the price below $3430 with decent sell volume then we might see the price, the testing, the "Support (Buying) Zone 1" ranging from $2400-$2900 within few weeks.
If that support doesn't hold (no buying interest) then we might see "Support (Buying) Zone 2" followed by last "Support Zone 3".
Factors in confluence with Bearish Scenario
Support Zone 3 ranging from $1100-$1300 is the High of the previous Bull market cycle (2013) and might get a retest to follow market cycle rule (not mandatory but likely).
Scenario 3: Ranging Scenario
Bitcoin Ranging Scenario
One of the scenarios which people often ignore is that an asset ranges between two boundary zones for some weeks and months before moving into strong trends (Upward or Downward) just like Bitcoin did between price levels $5800-$6400 for 3 months (September-November'18) before making a major move downtrend to $3100 price level.
There are permutations and combinations you can apply between different zones (Resistance and Support) on the chart to form Ranging Zones.
These are areas where major market participants (Institutional Investors) accumulate before a big change in direction of the price.
Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors.
Short-Term Analysis (Daily and Weekly)
Let's take both the bullish and bearish scenario for the short-term time frame.
Bitcoin Short Term Analysis
Scenario 1: Bullish (Uptrend)
If BTC close above $3650 Daily and the weekly frame shows a reversal pattern (Green Engulfing candle) we might enter at these levels ($3600) with a target around $4000+ which eventually might restest Resistance Zone ($4400-$5400) in the coming weeks.
Scenario 2: Bearish (Downtrend)
If BTC couldn’t break the previous support ($3600) turned resistance in the coming weeks then there are two Bounce(rebound) zone for Bullish reversal ranging from $1800-$2400 and $896-$1200 for coming weeks and month.
Now, we have reached the last segment of our analysis where we will mention the news and event analysis
Institutional bodies are getting interested in cryptocurrencies. One such example is the U.S. state of Ohio accepting tax payments. Merchants like Overstock, eGifter, Expedia, Shopify accept Bitcoins as payments and several people are testifying on social media how they purchased goods and services with cryptocurrencies such as BTC, ETH, and BNB.
The supply of Bitcoin is finite and limited to 21 Million hence the demand is not going down. Second, that the number of Bitcoins generated per block is set to decrease by 50% every 210,000 blocks. For example, if today each miner receives 12.5 Bitcoins for solving (mining) a block, after the next halving event they will receive only 6.25 BTC and so forth.
2018 was filled with rumors of institutional investors buying into cryptocurrencies, especially Bitcoin. Several times, the Bitcoin ETF has been rejected in 2018. But recently an SEC commissioner has started a Bitcoin ETF is definitely possible. In 2019, NASDAQ is going to work with the US Commodity Futures Trading Commission (CFTC) to launch Bitcoin futures in the first quarter of 2019.
Conclusion
While bull and bear markets are nothing new in the financial world and Bitcoin has been through the bear cycle before and recovered well from it with given time. Bitcoin is here to stay, it’s worth exploring the drops in value and equally fast recovery the currency has experienced. History shows that the top cryptocurrency has sustained much more rapid losses during a shorter period of time over the course of the past several years, and has not discouraged long-term investors.
One last bitcoin drop is inevitable - price will test 4000-4500kBitcoin tested 7k level last month around 18th march post which it jumped to 9k level by 23rd march. My initial though was, is bear market over? are we starting with next run?. I was patiently waiting for some of the major resistance to be breached. End of march, bitcoin again tested 6.5k level and has been hovering around 7k since then. This particular junction is very critical for bitcoin as it could end the bear market or lead bitcoin to test lower lows. I looked into couple of metric to decide my future course of action. I started with the VOLUME, and i was disappointed as we were getting relatively low volume which clearly mean that we are looking for one more low. Then i went back to history and start looking chart mathematically, turns out elliot triple wave still into play and could take us to new low. Most of the Alts this session has retracted below 78.6% fib, and bitcoin is still to test it. When i combined these insights with Elliot wave count, i feel we'll be retracing somewhere between 4000-4500k. I genuinely believe that, this is the point where big cooperation backed by VC will jump in to accumulate most of the bitcoin and give the necessary for the next bull run.
Let's see how the price plays in future
WARNING WARNING WARNING.Bears Dominating(BITCOIN PRICE ANALYSIS)hello guys,
in my last analysis I already told you guys to exit from btc market if it broke major trend line support now we can easily see that big red candle breaks the major trend line it means bears and dominating now bitcoin chart showing full bearish moments right now it breaks that major trend line which is not good sign for bitcoin at the moment it can possible dump down to 5400$ still if anyone holding their btc sale right now it can dump huge its my personal suggestions we can buy back again at 5400_5800$ buying Zone right now market is fully bearish its only my personal suggestions 1day chart TA saying it can dump huge in coming days so sold now and buy again at that buying zone you can see that blue circle zone that will be next buying zone for us which is 5400$
Good Luck
Stay Bless.
Bitcoin Inverted Head & Shoulders Setting Up? $4,309 26Aug17Bitcoin Inverted Head & Shoulders Setting Up? $4,309 26Aug17
Are we seeing a start of an Inverted Head & Shoulders?
Resistance remains at around $4,440 (potential neckline)
Expecting a pullback to at least $4,000 from there we will see...
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator
BTC RISE AGAINAs the interest in blockchain continuously grows more and more people getting interested in cryptocurrencies. Bitcoin is bound to hit all time high as it is basically the Apple of Cryptocurrencies.
Bitcoin after the market day out is again rising at a steady rate, People should start investing as soon as possible as soon it along with litecoin are gonna skyrocket. Bitcoin could go as far as $3,000 and litecoin as far as 70$ bu the end of july!