Btcusdlong
Next Bitcoin Target of USD 54000 LevelAscending triangle formation on hourly BTC:USD chart.
Expected First Target of USD 53,300 range
Expected Second Target of USD 54,000 Range
BTC FOMO ZONE - THANKS TO ELON MUSK8th Feb - Tesla announces investment in BTC. BTC shoots up almost instantly.
Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about back to the FOMO zone (40 - 42K BTCUSD).
Will it take support here?
Until then #HODL
BTCUSD POTENTIAL BREAKOUTSince we have 2 phases of the upward move and forming ascending triangle pattern in the 15 min time frame, we can expect that it can give a big breakout from levels of 49000-51000 levels.
The market can enter into a long long uptrend phase with some frequent minor correction and it can sustain the uptrend till 55000 levels followed by 58000.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
BTCUSD 4 hr Analysis. LongBitcoin is hot cake due to its current investments from Elon Musk which the firm confirmed 1.5 billion dollar investments in bitcoin.
Technicals
1) BTCUSD had formed cup and handle pattern on 4 hour and broken strong resistance .
2) Falling wedge on 1 hour chart
3) Currently has retraced to 0.23 fib levels
4) RSI is greater than 50 which indicates strong buying.
Action
Please wait for the 0.38 or 0.5 retracement levels(Profit booking can happen now) and plan for buying as we are in bull market. Never short in this markets.
BTCST to $100BTCST hit $1000 the minute it came live, now it's at around $72, it hit 114 at one point, could it hit 100 again, hell yeah! I am stocking up on it on every dip it has! I'm long on it!!
How to get a Girlfriend LONG BTC chart in these 3 weekly zones Boys we did it we broke the 2017 ATH
Biden is gunna make jpow print so many tendies
Idk how presidential transition will happen
so we might get a gift dip
were gunna buy it &
it's gunna be great
Now, I have 3 weekly support zones for you to make a bet on
None of them could get hit
My thought its we at least revist 26k
why would we revist 21 20 with the macro going forward
we could hold this weekly support at 33k
what if?
buy here hold till this looks smol on the chart
profit=girlfriend
Bitcoin (BTCUSD) Trend based on FractalFor the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present.
I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened.
In the current condition also such possibility exits but to lighter side.
Since BTC has crossed it's ATH so their is a lot possibility that most big,smart investors had sold their coins. which decreases the chances of increase in price. Also in previous bull run of 2014 to 2018 around ATH of 2014 BTC had a huge correction.
So considering all the above factors I believe opening short positions are safer than long positions. Also booking some profits and waiting for good buy around support levels is better.