Bitcoinusd
Elon Wants Your Bitcoins !! 😵️😲️As we have seen in the past after buying the bitcoin by the Warren Buffet , The BTC dump heavily.
These wealthy people want your bitcoin , DOn't make them fool again.
First they create the news then they dump on retail trader.
As market dump down, they start buying again.
History is repeating again.
Don't let them fool us again and again.
Sell your bitcoins now and Buy at 12K.
12K is the support zone from where the Elon will Buy again.
Yes bitcoin will go to moon but every market go through the cycle.
And this BTC will fall hard to 12K. Don't leverage trade now.
Don't just blindly Go Buy bitcoin.
Hodl from the position of Strength. Trade also from Position of strength.
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Bitcoin 4hr analysis 1-3-2021Good morning again ladies and gentlemen and welcome to the bull show. Bitcoin is still climbing full steam ahead and shows no sign of relenting. Many speak of opening shorts but with the recent climbs we have witnessed its just not easy to bet against the bulls right now. There is a lot going on with the charts this morning and we have much to discuss so grab a coffee and lets get this show on the road.
I see that we had a bearish doji last 4hr candle. It happened right after breaking 34750. So we were quite close to 35k. This could be a psychological resistance but we seemingly glided effortlessly through 30k that 35k could be a speed bump for all I know. We literally have hardly any data at these levels and fomo is certainly playing a factor in this pump. But perhaps there is another reason for it...
Stimulus money is being thrown about and people may be dumping that into an already saturated market in hopes of catching the pump. I am guessing there are likely quite a few people that decided buying BTC with their stimulus would make sense. Especially considering the fact that if you invested the original 1200 they handed out in May you would be up nearly 6X. I believe when the first stimulus was handed out BTC was around 6k and now its near 6x to that. So 1200 would be around 7k. Give or take of course. But perhaps the stimulus is what is extending this pump?
With all this upward momentum on everyones mind I am looking ahead to Monday. There will likely be another giant gap just like last week. These gaps are sure adding up. There is no guarantee they get filled. We have been regularly leaving gaps behind for weeks now. But this could come into play later on. Most gaps tend to fill so I keep an eye on them. This is an extraordinary time though so the gaps mechanics are being ignored mainly due to this incredible pump we have been witnessing. The bears just havent been able to stop it.
I am still long with a good stop loss set. No need to ignore logic even in a bull run. The bears could strike any minute. I wouldnt short anything at the moment but I would recommend trading with a stop loss. Just in case. I cant tell you when the bulls will relent. Maybe never lol. Maybe tomorrow? Time will tell. Things are a bit crazy outside the Bitcoin market with politics and other factors. Even some alts are suffering from SEC or whatever and people might be exiting their positions in that alt and enter into BTC. Especially the way Bitcoin has been going it would be hard to blame them. But people are asking me daily why this pump wont stop. They just want answers. It was the perfect storm this pump. We had a huge dip in March fueling the start of this bull run, we had the halving in May, Stimulus money in May, broke 2.5 year trend line in July, we broke 20k in Deccember. That is just part of it. Inflation of the USD played a factor as well IMO but that is harder for me to prove. People dont always agree with me but thats just how I look at it. Just enjoy the pump folks. I have a feeling we will see a correction soon enough but in the mean time enjoy this. We deserve every bit of this pump. Have a great day folks and always remember WTFDIK??
TLDR: Cmon 35K!
Bitcoin 4hr analysis 12-30-2020Good morning again ladies and gentlemen and welcome back to my daily look into the world we call Bitcoin. Today I pulled up the 4hr time frame after retaking 28k (and losing it) overnight. No sweat though right? We crested around 28600 which means we created a new ATH. Very impressive bulls! 2 more days (including today) left in 2020. Can we maintain these levels into 2021? Lets take a look at what is going on with my busy chart this morning.
There is a lot going on so I am going to cut to the chase this morning. We created a higher high overnight which I mentioned already. As long as we are consistently creating higher highs the bullish run isnt over. Although we do seem to be stalling out just under 29k. Perhaps this is the top but I will tell you I am sure not betting against the bulls. Not after what I have seen them do over the past few months. But when higher highs are evident on the major time frame it gives traders confidence as higher highs are typically viewed as bullish.
I noticed that there was a small bearish divergence forming. RSI dropping while the price of BTC rose. This is inconsistent and therefore falls under the divergence category. I dont expect it to cause a huge drop or anything. At least not on its own. Sometimes a divergence is lackluster at best. Other times it can be the catalyst to a big dump. We have a big 2000 dollar + gap below us from last weekend and in order to fill that gap we need to drop to around 23500. Imagine being a noob in Bitcoin that just joined during this pump. They may see a drop to 23500 as bearish. LOL. But when you spent nearly 3 years below 20k anything above 20k is a beautiful site.
I see my trading set up is finally beginning to catch up to the candles. I love and hate this. You see when these indicators I use on the regular (50 MA 200 MA and the cloud) are far below that is usually bullish as the candles rose so fast it left moving averages and the cloud far behind. The 4hr time frame shows us pretty much caught up to the candles (maybe not the 200 MA) But the daily has been pretty far above my trading set up. It still is which is one reason I have avoided analyzing it as much as say the 4hr. But even the daily time frame shows my trading set up catching up to the candles. Its been a long time coming.
Lets look at the bigger picture. The 4hr time frame and the daily and weekly shows us all the same thing. We are above the key indicators I use to determine bullish vs bearish. The 50 MA and the 200 MA along with the cloud are all below us on these major time frames and as long as that remains the case I am still bullish. We have over 50 billion USD in 24 hour volume over the past 24 hours. The market cap for the King is over 500 billion dollars. That is goldman sachs money folks. All in a decentralized system with no centralized entity calling the shots. You see certain alts that shall remain nameless have centralized figure heads that can call the shots. Its a degree of centralization that some find helpful. I mean one person calling the shots sounds good in theory. Perhaps consensus can be reached faster if a centralized figure calls the shots. But that is what makes Bitcoin so unique. I guess what I am trying to get at is XRP is being sued by SEC. Someone told me Bitcoin was next. LOL. Who will the SEC go after? Satoshi? Good luck with that. No centralized figure would make it nearly impossible for the SEC to approach Bitcoin in any legal manner.
Alts flew after Bitcoin relented back in 2017. As soon as we reached 20k 3 years ago we saw a decline in the price of BTC within a day or so. That money flowed into alts triggering what is widely known as "Alt Season". I have my eyes on Bitcoin like always but alts too. Although there is no guarantee that alts perform like 2017 but I am still watching. I remember back when I first got into Bitcoin, XRP was the big deal in alts. I mean I remember co workers coming up to me saying XRP broke 1 dollar. Than 2 dollars. Than 3 dollars. It was parabolic. I believe a lot of this XRP pump detracted from the BTC pop. It stifled the run IMO. This go round XRP got almost no love. In fact it was quite the opposite this go round. The alts listed below Bitcoin (or most of them) have been pretty boring. Alts were the hot topic back in 2017-2018. Back then we didnt have the halving directly at our backs. This pump we do. So there is a difference. I will be watching. If money starts flowing from BTC watch for alts to pop. No guarantees but that money is going to flow into somewhere. Either into alts or into bank accounts and now that people (US) are surely getting their stimulus the money may not flow as fast from BTC. But time will surely tell if that is the case. In the mean time please be smart with your investments my friends. Learn to manage risk properly. Lets end 2020 on a high note folks! And remember WTFDIK???
TLDR: New ATH 28,600 USD. Still above my set up on the major time frames. Higher high created over night. If we lose the 4hr 50 MA look out below (IMO)
Bitcoin / US Dollar : trading near its swing highBitcoin's previous swing high was at 13880. For fresh buying it is only recommended when it breaches this level and retests.
Momentum is very strong but if BO comes it might not sustain much as it requires some consolidation to breach such resistance.
Note : This idea is for only educational purpose. Dont make any position based on this analysis.
Our Bitcoin Intraday Setup.Bitcoin - Intraday
We look to Sell a break of 11227 (stop at 11336)
Previous resistance, now becomes support at 11300. 50-hour EMA is at 11360. A break of yesterdays low would confirm bearish momentum. Short term bias is mildly bearish. We look for a temporary move lower. The bias is to break to the downside.
Our profit targets will be 10948 and 10852
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
The Falling Wedge Proves Itself Again | Bitcoin In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about.
Falling wedges and channels are my favorite bullish trade setups for any asset and it shows again. The setup is as follows:
1: We spot a falling wedge or channel preferibly on the daily timeframe or higher.
2: The price start going sideways at the bottom of the channel or wedge. This is where you want to buy. Look for a bullish divergence on the rsi on the hourly or maybe even the 15 min chart for an even better setup.
3: Set a stop-loss in case the price breaks support.
4: ?
5: profit
On this chart we can see 2 horizontal white lines above the current price. These are the price targets for this setup.
BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 177537 pip
Closed trade(s): 100337 pip Profit
Open trade(s): 77200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
TP3 @ 11985.0 touched at 2020.08.01 with 61779 pip Profit.
5279 + 33279 + 61779 = 100337
Open Profit:
Profit for one trade is 1153.21(current price) - 11367.21(open price) = 38600 pip
2 trade(s) still open, therefore total profit for open trade(s) is 38600 x 2 = 77200 pip
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1 Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 111758 pip
Closed trade(s): 38558 pip Profit
Open trade(s): 73200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
5279 + 33279 = 38558
Open Profit:
Profit for one trade is 11611.21(current price) - 11367.21(open price) = 24400 pip
3 trade(s) still open, therefore total profit for open trade(s) is 24400 x 3 = 73200 pip
Break Even 11223.00
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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BITCOIN Most shocking but most realistic price prediction ever Hi there as you can see this chart and clearly see past history easily.
You can see deminising returns on btc also I want to catch your attention on bear cycle and bull cycle which is lengthening 2.5 to 3 times every cycle.
Red box is our bear market and green box is our bull market marked on data available from 2010. You can see and identify Using this chart that we can still in accumulation phase or bear phase for 1 year more.
BTCUSD Update: Profit=622900 SL=94000 Reward/Risk > 6.6:1 Trade Setup summary:
Profit targets=622900 pip (56400 + 84400 + 112900 + 147800 + 221400)
Stop Loss =94000 pip
Reward/Risk > 6.6 : 1
Current Status:
Total Profit: 272400 pip
Closed trade(s): 272400 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.00 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.00 touched at 2020.07.21 with 17200 pip Profit.
TP3 @ 9475.00 touched at 2020.07.22 with 26300 pip Profit.
TP4 @ 9712.00 touched at 2020.07.25 with 50000 pip Profit.
TP5 @ 9900.00 touched at 2020.07.26 with 68800 pip Profit.
TP6 @ 10240.0 touched at 2020.07.26 with 102800 pip Profit.
7300 + 17200 + 26300 + 50000 + 68800 + 102800 = 272400
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (10856.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 11420.0
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary:
Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700)
Stop Loss =81600 pip
Reward/Risk > 4.6 : 1
Current Status:
Total Profit: 70348 pip
Closed trade(s): 24500 pip Profit
Open trade(s): 45848 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit.
7300 + 17200 = 24500
Open Profit:
Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip
4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip
Break Even 0.658
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 9285.00
TP2= @ 9384.00
TP3= @ 9475.00
TP4= @ 9712.00
TP5= @ 9900.00
TP6= @ 10240.0
SL= Break below S2
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Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9322.8). 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 51.
Take Profits:
TP1= @ 9597.0
TP2= @ 9719.0
TP3= @ 9840.0
TP4= @ 10009.0
TP5= @ 10424.0
SL= Break below S2
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (8953.78). 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 73.
Take Profits:
TP1= @ 9275.30
TP2= @ 9485.85
TP3= @ 10028.85
SL= Break below S2