Bitcoinprediction
BITCOIN is Ready for Another Fall below 29700BITCOIN (BTC) is indicating another 7-10% fall towards 29700-28800 from around 31870-32170 Range.
Possibility will get negated if BTC closes a complete 5 minutes candle above 32170.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
BITCOIN ANALYSIS Hello, bitcoin long-term swing trade buy: 46,000$ target: 65,000$ stoploss: 41,700$.
LOGIC BEHIND TRADE: Bitcoin has formed w pattern on 1w chart & given breakout of resistance breakout buying (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. Bitcoin can go upto all time high. BITSTAMP:BTCUSD
Bitcoin's Next Move? Bitcoin is right now at a crucial level. Likely to go in consolidation for the next few days. If it sustains 42k to 44k zone (retests) then we can see a good rally. It may go to 52k soon and retest at 52k levels for a strong bull run towards 65k . However if it breaks the current level and fails to sustain then we may see a dump to 40k levels. Keep a watch as It looks quite weak right now. It's better not to take a trade in choppy market rather let it be in a trend first, indecision is always bad for trading. Let's hope for the best :)
BITCOIN IS PUMPING BITCOIN, on 1st October broke through the parallel channel taking its support from the EMA and reaching the key resistance of $57,500. BTC is getting closer to its $65,000 all-time high.
BITCOIN may cross $63,000 and break it's all-time high this month and potentially surpass $65,000 by the end of the month if traders stay extremely bullisH
If BTC breaks to $61,000, there could be minimal upside pressure. All-time highs of nearly $65k will be the next resistance level before a potential price discovery phase. While the BTC price has fiercely rallied over the past few weeks, bitcoin balance on exchanges remains at the lowest levels in nine months, indicating investors are holding bitcoin in wallets rather than readying themselves to sell BITSTAMP:BTCUSD
Bitcoin 4 Hrs Chart Support And Resistance Levels.In this 4 hrs. Technical Chart I'm trying to Show Support And Resistance Levels.
4hrs Chart Shows BTCUSD Take Support @ $30066 After That Near $53800++ Strong Resistance.
If That Resisteansce Work Then BTCUSD Will Crash Near $17000 If This Support Work Then As Per the Chart Shows we Need To Breakout $46000++ After That Upside Target Open.
Let's Hope For The Best!
BTCUSD a new impulse growth or completion of IHSThis is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold zone
2. EMA 20 line which was a resistance after Moving Averages intersection became a support which is great for short term
3. After consolidation the price went up again which can be evaluated as 0-1 Impulse wave and the most important is that it bounces above the critical area where this assumption will be rejected.
Conclusion: if the price manages to bounce above $4 200 then we will have a new 5 impulse growth waves. Otherwise previous analysis holds and there should be movement to finish IHS