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Bitcoin 4hr analysis 2-7-2021Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Today I have the 4hr time frame pulled up after a nice little run to start the weekend off. We have cooled off a bit since the $40850 high we saw yesterday but there is still reason to be bullish. I will explain... So pull up a seat and lets get this party started. I see we nearly hit 41k yesterday. Very close to the ATH we hit last month. Ive been saying it for days but 42k is obviously the line in the sand at this point. We had trouble crossing 41k yesterday which shows that breaking the line at 42k may be easier said than done. I think if we can make it to 42k out chances will definitely increase with a possible injection of fomo. Fomo is such a wild card as it can make a simple green candle into a massive pump. The crypto market is notorious for pump chasers. I was looking for a possible gap on the chart or at least evidence that a gap may or may not be on the charts Monday and for now it does not look like there will be much of a gap. Of course there is sill 9-10 hours before the daily and weekly close. So only time will tell for sure. I like to trade gaps on Monday mornings if they are worth trading that is. Sometimes the gaps are just too minor or non existent to worry about. But when they are on the chart I try to take advantage. Although it is always recommended to exercise risk management and set a stop loss. So we broke the resistance that was evident at around 38500ish yesterday and peaked around $40,850 now we are retesting the $38,500 resistance we broke yesterday which is now support. But we are really testing it hard so if it fails we may drop a bit. I see support around $34,500ish but it doesnt look like the strongest of supports Ive ever seen. Lets hope that $38,500 holds and we can advance to 42k. If we can break that resistance we have a real shot at 45k or maybe even 50k depending on how hot the fomo can get. This week we pretty crazy. We had the Elon pump. A huge 4hr candle that was over 5k was the result. But the gains did not stick. Thats to be expected from a fabricated pump such as this one. There was no real rhyme or reason for the pump. But if you did catch the wave congratulations. Alt coins deserve a little mention as they have been really performing great. It sort of reminds me of 2018. Right after the BTC pump to 20k profits left BTC and flowed into many alts. Of course I want to say alts were hotter in 2017 than they are today. Although I may just have my head too far up BTC's %$$ to pay anything else too much attention. I will say that this alt season seems more streamlined. Not every alt is pumping. In 2017 you could throw a dart at a computer screen and pick a winner. Either way the crypto market as a whole seems to be impervious to the FUD of India possibly banning BTC and other crypto and also Nigeria. Both are huge hubs for crypto use. Lets start this week off right. Even if we dip a bit before the weekly close tonight we should have gap above us as a result and that could help me start the week off right with a profitable trade. Like I said before set a stop loss if you want to play that game. We made the higher high traders want to see yesterday but the momentum must continue or it will all be for nothing. Sundays are notorious for low volume but maybe it will be a repeat of yesterday? We will have to wait and see. Have a great Sunday and enjoy the Super Bowl if you are into that kind of thing. Make good choices my friends and always remember WTFDIK???? TLDR: 38,500 is support/resistance. If we can hold the line above 38500 we have a real shot at a bounce to another possible higher high. But it doesnt look promising as we are currently below the support which makes it resistance. But I would wait for the candle to close.
by UnknownUnicorn4304403
Bitcoin 4hr analysis 2-6-2021Good morning again ladies and gentlemen and 40k as well! We have broken resistance and things are looking good for BTC at the moment. The bulls have put on a show over night and reminded everyone of us (including me) not to underestimate the bulls. The alt coin market has taken a lot of the recent glory in the crypto market but it looks as if BTC is attempting to take some dominance back. But can it last? Lets take a look at the charts. First of all I want to point out that we have overcome the bears and broke up from the small bullish triangle overnight. It looks as if we have a confirmation candle that indicates that we have successfully broken the resistance. Former resistance becomes support. Technical Analysis 101. I love passing off little helpful hints in my analysis. Most vets already understand former support becomes resistance and vice versa. Learning how to identify support and resistance and understanding exactly how they work is better than any indicator you can turn on. Keep that in mind when you are looking at a chart. You can have a billion lines on the chart. In the end it looks like a bowl of spaghetti. I do enjoy keeping a few indicators on the chart such as the 50 MA and the 200 MA and the cloud specifically. Bollinger bands and MACD are also helpful. But I can certainly read a chart without these indicators. But I will say that I can appreciate the usefulness of these indicators and I leave them on to make it even easier on me. Just keep it simple. Decide on a few key indicators and stick with them. Learn them. Understand them. Then check out the lesser used indicators. Maybe you will lay that golden egg. So here we are back at 40k. I had a feeling we would break up from the right ascending triangle on the chart. We topped out on this triangle 2 times this week. I was hesitant to mention it looked like a double top to me when I saw it recently which led me to believe we may not break up from this. But after waking up this morning I was pleasantly surprised and I will walk my stop loss up to lock in that profit. Easy peasy... So the next hurdle sits around 42k. That will be the real test. I do like the fact we have started creating higher highs once again. All of the bullish factors I am bringing up certainly gives traders confidence to long this. Especially with the abundance of support below us on multiple time frames. If we do in fact break 42k I think 45k - 50k would be a possibility. But WTFDIK??? Make good choices folks! TLDR: Bulls are awake early. And they drank some espresso
by UnknownUnicorn4304403
Bitcoin 4hr analysis 2-2-2021Good morning again ladies and gentlemen and welcome back to my daily look into the world we call Bitcoin. Today I have the 4hr time frame pulled up after retaking some serious support. The question is will it last? The bulls have awoken early today and if the bears sleep in we could see some gains today. But only time will tell if that will be the case. So lets take a look at the chart and see what we can see. The bulls pulled us out of a tight spot and now we are sitting pretty upon plenty of support. That will instill confidence and possibly entice more bulls to enter the fray. If I were going to long this recent development I would certainly not end my session at the computer without setting a stop loss. We saw the Elon candle broke up from the descending resistance only to fall right back below it less than 8 hours later so prepare for the worst and hope for the best. Now we have 35k as support. That is if we can get some confirmation candles to close above the 35k support/resistance. If we do in fact sink back under 35k we still have the support of the 4hr 50 MA and the 4hr cloud and the 4hr 200 MA. So as I mentioned earlier there is a lot of support. If we drop back below 35k the bulls will likely relent due to knee jerk sellers bailing out of a failed pump. 30k way below us is also support. Im hoping we can avoid dropping that far for the time being but anything can and usually does happen. The 4hr MACD seems to be bullish but MACD can change pretty quickly so beware of the bears. We are clinging to 35k this morning and it very well may be fleeting. With that in mind set a stop loss and you should be okay. I would like to see a higher high show up on the chart after this break above resistance but I guess I cant have everything. I will be keeping an eye on the charts today. Im not expecting a lot but you never really know for sure. I mean guys named Elon may put Bitcoin on his profile and boom! LOL. I wish there was an indicator made for that. I hope you all have a great day. Make good choices! And always remember WTFDIK??? TLDR: We broke above the resistance that has been plaguing us. We need to close a few candles above support (35k) if we expect these recent gains to stick. Finger crossed!
by UnknownUnicorn4304403
Bitcoin 4hr analysis 1-30-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking into the 4hr as it is telling me a lot and I want to share it with you all. The pump yesterday, while welcomed, was short lived and typically gains like that tend not to stick. Regardless of the gains Bitcoin has become a force. Its becoming mainstream. An everyday thing. I heard to sports radio guys complaining about all the recent stock chatter and one of them mentioned how he was sick of hearing about BTC. LOL. This means word is spreading.... Like a fire. Anyways lets take a look at what is going on with the charts today. I see a doji. This doji is a classic example of how a doji can predict a reversal and how you can make some money trading events like this. Reversal dojis are certainly not an every day occurrence. Not even weekly. Maybe once or twice a month on the 4hr. But when I do take notice I do try to trade the reversal or pivot point. Those dojis do not always work as advertised so risk management is always recommended if you want to play a doji. But I have made some decent profit over the last few years when I notice these dojis. We spiked above the triangle we were stuck inside of for weeks. This huge right triangle (which I deemed bearish) saw us break up from the abyss. I mean outside of a status change of Twitter to "Bitcoin" there was no rhyme or reason in my opinion for the break out. We were under the 4hr cloud, The 4hr 50 MA, the 4hr 200 MA, and we tested 29k a few times over the last 7 days. Most of this is bearish. Not to mention we had a death cross on the 4hr a few days ago. This goes to show you that TA is fanstastic. It works. But you will always have outside forces that can throw a wrench into the cog wheels of the grandest technical analysis. There is no indicator for these outside interferences so keep your ears open. After a 6,000 USD 4hr candle we saw the doji I mentioned earlier and then we see a bearish candle right after that. It took away most of the gains we saw but left us a bit higher and a bit more dry than we would have been otherwise. Instead of testing 29k like we were 2 days ago we are sitting just below 34k. But will this just be a delay of the inevitable? I will explain my reasoning. We dropped after the pump pretty quickly, as those type of quick pumps dont tend to stick around long. When we dropped I was hoping the support (I drew a line representing it at $34,800) would hold allowing us a possible bounce. Traditionally former resistance becomes support so that is why I was thinking this way. It didnt work and we fell below it. And the descending resistance of the triangle. So at the end of the day we ended up right back where we started but in slightly shallower waters so Ill take that. We remain flirting with the top border of the 4hr cloud which is support along with the 4hr 200 MA (blue line) which is support one second and resistance the next. This is a street fight between the bulls and the bears. I sure hope the bulls come in with a steel chair and knocks the bears out but I would not be in a position right now unless risk management was in place. Set a stop loss. Dont ignore helpful tools like a stop loss. Perhaps we can break up out of this right triangle but from past experience they tend to break down. I hope this triangle proves this wrong. I hope you all have a great weekend folks. Make good choices with your money. And always remember WTFDIK?? TLDR: Bull breakout yesterday was largely a quick pump with profit taking. Nothing we havent seen before. Bears are fighting back but we are close to the top of the triangle (after breaking out from it yesterday and falling back in later in the day) We are above the 4hr 200 MA and the 4hr cloud and the 4hr 50 MA. All bullish. Keep an eye on the charts and set a stop loss.
by UnknownUnicorn4304403
Bitcoin 4hr analysis 1-17-2021Well good morning again ladies and gentlemen and welcome back to my daily blab about Bitcoin and Bitcoin accessories. (King of the Hill reference) Today I have the 4hr time frame pulled up... I know its a huge surprise. I like the 4hr though guys. It is just my speed. I know every trader is different and I guess I will toss in another time frame sooner or later. But I just feel the 4hr is quite telling at this point in time and more helpful than most other time frames for my trading style. Anyways enough about me. We are here to talk about Bitcoin so lets chat about the charts. I drew the "ricochets" the candles have been experiencing over the ATH and subsequent consolidation after the ATH (ATH stands for all time high (whichis nearly 42k) for all you noobs reading this) This pattern is all too common in crypto and most other investment opportunities. Identifying patterns like this early allows you to earn more from trading them. If you simply bought when the bottom support of said pattern was touched and sold only when we touched the top you would be making a killing. You could literally buy a lambo just trading a pattern like this. Patterns like this are fleeting folks. That is why identifying them early is crucial. Otherwise you will make much less. I know its not rocket science what I am trying to explain and many of you vets reading this are rolling your eyes but I speak with noobs every single day and this info will help them a lot. You can also see many instances within the giant triangle pattern I have drawn on the charts. Instances where we bounced without necessarily making it all the way to the bottom of the pattern. That happens. There are numerous indicators within this triangle that can provide support or resistance depending on where the candles are located. With that in mind we can bounce off these indicators within the pattern itself as well and traders that take advantage of most bounces will make the most money (if they play their cards right that is) Catching each and every bounce requires unlimited patience and unlimited time to sit in front of a cpu all day. Every day. I dont like doing that. Dont get me wrong... I love Bitcoin. I love trading. I love writing theses analysis' I write every day for you guys and gals. But I also love to do other stuff as well. Life is about being happy and I use trading to supplement my income. Im not rich. I hope to be one day. Right now Im just like most of you. Still learning. But I have learned a lot since I began. I remember when I had no clue what an MA was. Now I have a trading course with quite a few clients and I have been #1 Bitcoin analyst on Tradingview numerous times. Not too shabby for someone that has been doing this for less than 2 years. The way the pattern on the chart looks and the way the weekend tends to have a dip in volume (when compared to weekly volume levels) we may see more dump today folks. I hate to say it. There is bad news and good news though. The bad news is the weekend isnt over tomorrow in the US. Its Martin Luther King Jr day tomorrow so Im certain the CME will be closed and likely we will not see the gap til tuesday. So I guess there is no good news yet. The bad news is I think I see a head and shoulders on the chart. We havent seen the dip so I very well could be wrong. The way I see it is it does no good to argue about such things. Instead of debating the legitamacy of the H&S (head and shoulders) I always say prepare for the worst and hope for the best. Set a stop loss and that will be your back up parachute in case the trade doesnt go your way. Let the market decide. If the majority of traders see a H&S they will react to it and we will see a dip. If the majority disagree with this they wont play it and the dip will be minimal at best. Ive seen clear H&S not play out in terms of a dip after the fact so not every h&s are created equal folks. We are still holding onto 30k+ and in my book that is a win. The way I see it we will consolidate for most of January and towards the end of the month we should see the result of this big triangle I keep bringing up. The US is discussing stimulus money very soon and that could cause a rise in volume while the mass printing of USD will ultimately cause inflation causing BTC to go up in terms of USD. Because people are buying BTC with the disposable income along with the fact the very currency BTC is tied to (not 100% of the time but there is no denying the US is a big part of the financial eco system of this planet and Bitcoin) These are issues that are not necessarily on the chart but they are still something any and every analyst needs to take notice of. Inflation of the USD will cause BTC to rise. I am confident that this is the start. If printing continues we could see 6 figure BTC sooner than people think. Im not a financial expert folks. This analysis is my opinion and you can take it or leave it. You should not make any financial moves based on my opinions alone and do some research and learn how to make your own financial decisions. It is much more rewarding to make your own moves based on your own ideas. But I will always make these analysis for those that dont trade and those that just like to read it. I know it gets long at times but I have a big mouth so I have to let it out somewhere. I hope you all have a great Sunday and make good choice my friends. And always remember WTFDIK????? TLDR: Bouncing around inside this triangle. Right now the 4r cloud is holding the candles but the candles are getting heavy. We may test the bottom of that big triangle before the weekly close in 10 hours.
by UnknownUnicorn4304403
💡Don't miss the great buy opportunity in ADABTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00000740). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Cardano/Bitcoin 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. Take Profits: TP1= @ 0.00000990 TP2= @ 0.00001150 TP3= @ 0.00001290 TP4= @ 0.00001590 TP5= @ 0.00001847 TP6= @ 0.00002290 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in AAVEBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.003130). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AAVE/BITCOIN 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 52. Take Profits: TP1= @ 0.004000 TP2= @ 0.004520 TP3= @ 0.004950 TP4= @ 0.005570 TP5= @ 0.006320 TP6= @ 0.007570 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
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!
by UnknownUnicorn4304403
💡Don't miss the great buy opportunity in XVGBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00000026). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Verge/Bitcoin 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 47. Take Profits: TP1= @ 0.00000034 TP2= @ 0.00000041 TP3= @ 0.00000049 TP4= @ 0.00000057 TP5= @ 0.00000067 TP6= @ 0.00000083 TP7= @ 0.00000102 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in BTCUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (29940). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Bitcoin/Tether is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 81. Take Profits: TP1= @ 32000 TP2= @ 32460 TP3= @ 33000 TP4= @ 34000 TP5= @ 34960 TP6= @ 36500 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in LINKBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000386). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKBTC is in a downtrend 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 30. Take Profits: TP1= @ 0.000471 TP2= @ 0.000566 TP3= @ 0.000675 TP4= @ 0.000870 TP5= @ 0.001026 TP6= @ 0.001250 TP7= @ 0.001458 TP8= @ 0.001676 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
1
Bitcoin monthly chart 1-1-2021Good morning again ladies and gentlemen and happy new year to each and everyone of you. I hope we all got 2020 out of our systems and we are all determined to make 2021 a horse of a different color. 2020 may not have been good for most people but most people dont hold Bitcoin... Yet. This past year we saw a low of 3800 and a high of nearly 30k. It was the perfect bullish storm and in this analysis I will sort of wrap up the previous year while looking at 2021 as well. So grab a cup of coffee and lets chat about charts. This monthly chart is amazing. The month of December 2020 was the best month Bitcoin has ever seen. With the wick and all we went from 17600 - 29600 which for those who dont like math is 12k. Im still shaking my head in disbelief. I mean I thought the bulls probably would eclipse the ATH but not in this fashion. The bulls really put on a show to end 2020 and 2021 is off to a great start. But can it last? I know many of us are expecting a drop. I guess you could call it post traumatic stress disorder from the 2017 pump and dump. I can tell you right now I would love to see Bitcoin keep rising but nothing is written in stone so you need to use risk management if you are going to stay long. Walk that stop loss up as the price rises. Sure you may miss the top but if we break 30k you will be able to walk that stop up even more. This ensures you lock in that profit. Simple yet effective. With tax season on the horizon and most of the people that have invested in Bitcoin being in profit at this time we can all guess that the tax man will come knocking. Will this result in a mass cashout of BTC in order to pay the debts? Not necessarily. And let me explain why things could be different this year. People are receiving stimulus checks in the US. 600 USD per person/ and 600 per dependent. This is being sent to us after Xmas and the holidays so much of it can be used for something besides Xmas. Like Taxes??? Just a hunch folks. This stimulus could bolster Bitcoin. Especially because I imagine the US govt is just having this money printed like toilet paper. This leads to inflation and Bitcoin goes up when the USD inflates. Simple economics. We reached 29600 in 2020 so I am very optimistic about the future of Bitcoin. Even if there is a pull back we should not get discouraged. A drop in price means another opportunity. After all my mentor Todd once said "when hasnt Bitcoin bounced back?" which is an accurate statement. As we enter 2021 I am cautiously optimistic. We have not seen the bottom fall out yet. But that could be because its a holiday today. I would watch the charts this coming Monday for sure as people will be getting back to work. We will see if the bulls remain in charge or the bears finally get a turn. I love this monthly chart. I hardly ever share it but I figured it would be the perfect day to do just that. I hope you all have a great 2021. Make good choices my friends. And always remember WTFDIK??? TLDR: Happy New Year. New ATH of 29600. Nice year bulls
by UnknownUnicorn4304403
💡Don't miss the great buy opportunity in OMGBTC Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0000888). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . OMGBTC 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 72. Take Profits: TP1= @ 0.0000945 TP2= @ 0.0000983 TP3= @ 0.0001028 TP4= @ 0.0001064 TP5= @ 0.0001136 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
OLong
by ForecastCity_ME
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)
by UnknownUnicorn4304403
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by ForecastCity_ME
5
Bitcoin 1 week outlook 12-29-2020Good morning again ladies and gentlemen and welcome back to my daily look into the best investment since Enron!!! Bitcoin! LOL. But seriously I saw a gold PS5 online this a.m. and Im pretty sure someone reading this bought the gold PS5 (nearly 1 million USD) with your profit. Just step up and admit it. As we all browse Lambos online I am curious to see if we can keep our heads out of the trenches at least til the 2nd of January. 4th of January would be even better as that is the real beginning of the year thanks to everyone taking new years off and new years day as well. So lets take a look at the charts this morning. I decided to take a zoomed out look at the charts. Its nice to do this occasionally even if it doesnt really give you the best info as far as short term pricing we can still walk away with plenty from this weekly chart. Look at the current pump. Its parabolic. Do I love seeing a straight up bull push to the heavens? Oh hell ya! But am I dumb enough to play with fire at these levels? Not so much. Even if we were to break 30k RSI on the weekly time frame is higher than its ever been on a Binance chart. The last time we got to 90+ on the weekly RSI we ultimately saw a 50% drop or even more if you look a bit further down the chart. 2017 was a different rodeo back then. It was my first jump into investing and I caught the pump around 8500 all the way to 20k. We lost a lot of ground really fast. Within weeks people were saying BTC is dead and it was all over. Alts were significantly stronger and the dominance alts held was much higher. Now Bitcoin is ruling the roost as far as dominance. At nearly 70% Bitcoin is remarkably higher than It was in 2018. In fact we dropped to 1/2 where we are now. 35%. Which meant alts controlled 65% of the market as a whole early on in 2018. But as time progressed dominance returned to Bitcoin and now we are back at 70%. Just like we were last ATH back in 2017. I know people are watching for alts to jump and keeping an eye on dominance is a key to this equation if you ask me. This break out was largely fueled by a huge dip back in March where we had some huge buys and volume spiked. People like to buy that dip and that started out trek up the charts. From 3800 we made it to a 2.5 year trend line. After being rejected from it 3 times over the last 2.5 years we finally burst through it at around 10k. Breaking this resistance was key to the bull run. Once we broke it the evidence is clear on the charts. We went parabolic pretty soon after that. I didnt even mention the halving that happened in May of this year. Also another reason for the bullish chart action. It takes months before a halving pump shows its face and this is the 3rd real time that we have seen this happen. I think its safe to say the halvings are pretty reliable. As long as you are patient. Not to mention institutional buyers are getting into the mix. Paypal offering Bitcoin has been a huge deal for the cryptocurrency. We are seeing the results of the perfect storm and after 3 years of getting nowhere near 20k we beat it with relative ease this bulls run. If we do start losing ground the 4hr 50 MA is my first line in the sand. Its been reliable as support over the course of this run only failing a few times . We are currently sitting above the support so until that changes I will remain optimistic. I still dont have the guts to bet against the bulls. But I must remind you there is a big nearly 2000 dollar gap below us. Losing 2k would still leave us above 24k but when people see a drop like that it could trigger a domino knee jerk reaction where fomo is reversed and people wanna sell before they lose all their profit. That is what a stop loss is for folks. Thats why I recommend it. Even if its at 15k. Ive seen Bitcoin lose 50% in hours. Im not saying that it is certainly bound to happen this go round but I wouldnt ignore history. What goes up normally comes down. Stimulus was approved so lets see how Bitcoin takes the news. Right now its 600 USD per citizen (US) but they are fighting for much more. With that in mind I imagine many o USD will be printed or simply created out of thin air. This could fuel Bitcoins rise as inflation of the underlying base currency Bitcoin is naturally compared against makes Bitcoin more valuable as a rule vs the USD which has not 21 million coin limit Im afraid. That is the reason they took us off the gold standard after all. It makes it easier to inflate that USD. Bitcoin has a super bright future. 500 billion dollar market cap. Nothing to shake a stick at folks. I hope you all have a great day and I hope a look at the weekly makes you as proud as I am for sticking it out throughout all those bear months. Make good choices and always remember... WTFDIK?? TLDR: Year is almost over. Bulls are still in charge but Im watching for the bears. I can smell em.
by UnknownUnicorn4304403
Bitcoin 4hr analysis 12-28-2020Good morning again ladies and gentlemen and welcome back to my look into the exciting world we know as Bitcoin. We have officially entered Mars' orbit and ground control says all systems go! But seriously. 28400? We had a strong weekly candle once again after yesterdays close and things still look pretty good considering. I still have that feeling the bears will hit back. I will discuss my thoughts in this analysis. So lets get to it. Stimulus is a go. 600 USD per American (many Americans) to the tune of hundreds of billions of dollars. Not to mention they needed even more money for the various nefarious items out politicians desire so much. But I do have good news! As they print the USD into oblivion it will certainly work in Bitcoins favor. I cant rule out the idea that much of this pump has not been so much artificial, but rather fueled by inflation (along with other factors of course) and if they keep pulling USD out of a hat so to speak it will make the price of Bitcoin increase IMO. Does that mean no more dips? No... The bears will still take us down. But inflation of the USD will only strengthen BTC in my opinion. Okay let me jump down off my soap box and discuss the charts. I threw an ascending support onto the chart. It is obvious that it has been acting as support and resistance over the past few days. I also see when we dipped below the ascending support the 4hr 50 MA was what was holding us up. As long as we remain on top of the ascending trendline I drew I am not convinced the pump is done. If we do lose it I would have my stop loss below that 4hr 50 MA because I have a feeling if we lose the 4hr 50 MA we may lose some serious ground. But these are all hypotheticals at this point. Right now we are still sitting above 7k and above both levels of support so Im optimistic for sure. One thing I want to bring up is the fact there is quite a large gap below us. From 23750 - 26500. These gaps tend to fill rather quickly upon showing up on Monday but this one has yet to have an effect. The bullish market could just be too much for the bears to mess with or perhaps the stimulus news is slowing the cash outs. I assumed many would cash out to get tax money to cover their dues come tax day 2021. Its just a part of investing. But if people are about to receive 600 per dependent and per each parent they may not need to worry about cashing out their bullish BTC in order to meet tax obligations. Or maybe people just want to wait til the last possible minute to make sure they dont miss any pump? A multitude of possibilities. Time will tell if this bullish market will roll into 2021... 2020 has been one wild and crazy ride where people thought Bitcoin was going to crash and burn after the dump on March 13th of this year. But since then we have 7x + in around 9 months. That is incredible. Is the fun over? Maybe. But even if it were to come crashing down I had a blast watching this surge. The one thing Im confident of is Bitcoin is not done. It will rise even more. Even if we lose 50% today. We will see 6 figure Bitcoin eventually. Its a matter of time in my opinion. The fundamentals of the USD and BTC dictate that BTC should rise in value due to its limited nature. That is what attracted me to Bitcoin in the first place. I hope you all have a great week. I will be watching the charts closely. Please make good smart choices folks. And always remember... WTFDIK?? TLDR: Still bullish but I have a stop loss set for sure. Big gap below us From 23750 - 26500. So be careful and set that stop.
by UnknownUnicorn4304403
Bitcoin 4hr analysis 12-27-2020Good morning again ladies and gentlemen and welcome back to my daily look into the biggest financial system on the planet, Bitcoin. Did I mention its decentralized? Pretty cool when you think about it. The bulls have been on a tear this week and even well into the weekend things still seem pretty strong considering. But as the year comes to a close will the bears take their chance to strike back? Lets take a look at what is going on right now. I see on the 4hr time frame there was recently a bearish doji. You see when a doji like that forms at the top of an uptrend it can signal a reversal. Should you exit your position based on a single doji? Maybe not. But I think setting a stop loss is a great idea as an alternative. Its all about risk management and traders that ignore risk management are the ones that normally end up rekt. The bearish doji may take us down a bit but there is no guarantee that this will occur. I will go out on a limb to claim more often than not dojis like this tend to result in a red candle. Seeing as how this is the 4hr time frame the drop shouldnt be too significant. Perhaps a drop to former support levels which I tried my very best to identify for you guys and gals on the chart. This pump makes TA difficult and that is okay by me. As long as Im raking in profit Im good! There has been some crazy pump action over the week and into the weekend. But as Monday approaches I wonder how big that gap will be? From taking a quick look at the cme chart the gaps bottom should be around 23685. Meaning we have a real chance of a drop come Monday. There is not a guarantee of this. Gaps dont always need to fill the first day but in my experience that does happen more often than not. We may not fill any gaps til after the 1st. Something tells me this pump isnt going to last forever... Call it intuition or call it clairvoyance or experience. I dont care. But we should all expect a drop in the coming week or 2. Worst case scenario we dump. Best case scenario Im wrong. Im not asking anyone to exit positions. I am asking for you to exercise risk management and trade with caution at these levels folks. All in all 2020 has been a fantastic year for Bitcoin. The reason Im hesitant to say Bitcoin is definitely about to dump is they keep speaking of stimulus after stimulus in the US. That makes me think they will just ask the fed to print trillions. This will devalue the USD which could result in more pump. Not to mention the fact institutions are now buying it by the fistful. 28422 is this years ATH and even though I would love to see the bulls take us to the next level I am satisfied with the pump so far. But keep that stop loss set. The bears are sneaky. I hope you all have a great day. Make good choice my friends. And remember WTFDIK??? TLDR: Bearish doji on the 4hr. No real effect as of yet. Big gap below us. Could mean a bearish Monday. Time will tell!
by UnknownUnicorn4304403
Bitcoin 4hr analysis 12-26-2020Good morning again ladies and gentlemen and welcome to the 25k level. We are knocking resistance down left and right tearing our way up the charts. I said I would be satisfied if we made it to 25k but I must admit I am still pulling for the bulls! 25400 has been broken and that is the new ATH. Nicely done bulls! Lets take a look at what is going on with the charts this morning. We have been tearing up the chart. It is really nice to see but we all know that gains that stack like this rarely stick. Does that mean Im exiting my position this a.m.??? No way. But I am walking my stop loss up just to be safe. Locking in that profit is important. If you do not walk your stop loss up the dip may catch you by surprise. I cannot tell you for sure how this dip will materialize. But I can tell you what goes up must come down. With a little TA knowledge I see the break out from 2017 (from September 2017 - December 2017) We saw a rise from about 3k to 20k. That was a 17k increase. I used this info to gage the break out we are experiencing at this time. If we do get that high I would say 27750 would be near the top. Of course TA is not always cut and paste. So you should be prepared for a dump today. Prepare for the worst. Hope for the best. And lets hope the bears stay in hibernation. There isnt much I can grasp at these levels quite yet. Tomorrows analysis should be a bit more in depth I imagine. But the one thing I can say is Bitcoin doesnt seem to be done yet. We are kissing 25500 as I type this. And dont forget this is a Saturday so pumps like this were not really expected. Especially after a big holiday. I guess we all got a decent present this year. Thanks Satoshi! Will 25k stick? I sure hope so. The higher we climb on the chart the more likely a retrace will not take us down past 5 figures. I mean its totally possible but the bears will have to bring their A game to turn this bullishness around. I do think a dump of some sort is coming though. Maybe after the first of the year? With institutions buying in and the halving behind us along with a few other events this break out can be looked at as the perfect bullish storm. This makes me excited for the next halving which is over 3 years away. Will we break 6 figures after that? Before that? Citibank seems to think we will be at 310k BTC by end of 2021. And with all the money the US is printing I can see that becoming a reality. But only time will tell. Set a stop loss and enjoy this pump. We all deserve it. I hope you all have a great weekend. Enjoy those gains traders and long term investors! Make good choices and always remember WTFDIK?? TLDR: 25500... Need I say more?
by UnknownUnicorn4304403
Bitcoin 4hr analysis 12-25-2020Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Its Christmas and I guess we all got the gift of a new ATH today. Nicely done bulls! Nearly kissing 25k is something to be proud of and we should all pat ourselves on the back for putting up with the last 3 years. As we sit in uncharted territory can we break 25k and keep the momentum up through the end of the year? Lets take a look at the charts. As we cruise along above 24k I am encouraged. We have not spent a lot of time above the 15k level. At least not until now. Back in 2017 we spent literally hours at the ATH (19800) before seeing the bottom fall out less than a few weeks later. The bottom can still fall out folks. You need to be prepared for the worst while hoping for the best. With that in mind lets discuss support at this level. Okay the previous ATH a few days back was around 24350 or something close to that. Now we are above that at 24400. Which to me looks like former resistance is now support. We got rejected at the 24350 level, beat the resistance and now its support. The farther up the chart we climb the less likely the bears will take us down. At least below 20k. Its totally possible to see us drop and I expect a drop. But only time will tell how that will materialize. The bulls gave us all a good Xmas present and we should all be thankful. We are sitting on a new ATH and things still look surprisingly good on the major time frames. We are above the 50 MA and the 200 MA and the ichimoku cloud as well. All bullish! But I have that stop loss set just in case! You should set a stop loss as well. As much as I want to keep seeing the bulls tear up the chart I have that feeling the bears are waiting for the perfect time to strike. But its Xmas so enjoy your day and your new ATH folks! I didnt write as much as I usually do today. I have family over and we are doing the Xmas thang. I just sneaked away to type this up real fast. Someone posted we broke 25k this a.m. so I jumped on as soon as I could lol. We didnt quite break 25k on Binance but I still like what I see. Have a great Xmas everyone and make good choices my friends! And always remember... WTFDIK??? TLDR: I dont care what your mama says... Xmas time is here..... I dont care what your daddy says.. Xmas is full of cheer!!!
by UnknownUnicorn4304403