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Bitcoin Weekly Goes Below $20,000 Support ... How & Why?Here we have the long-term chart for Bitcoin where the last two lows can be appreciated. After the 2017 peak price for Bitcoin at $19,666, we had a 52 weeks correction that ended just above MA200/EMA300 or $3122. Then again we had another peak price in June 2019 at $13,880. This peak was followed by a 37 weeks correction that ended just above MA200/EMA300, the low was set on a wick at $3850. The next peak price happened April and Nov. 2021... We are now in a new correction for 40+ weeks and EMA100 is being challenged as support. If the EMA100 blue line breaks at $35,540, then we can go lower and hit the same MA200/EMA300 support as used to happen before. This level is now set at $20,000, that's the main support if Bitcoin continues to drop. Note: Remember, Bitcoin can go to $30,000, $20,000, or $10,000... To us, it makes no difference at all. It is all about patience and time. Bitcoin will stay at its low maybe for a few hours... Maybe for a few days. Maximum for a week or so... After the low is in, what follows is long-term/sustained growth. See March 2020... After the correction is over, many new opportunities will show up. Be patient. Prepare yourself. The market moves in waves... Up and down, up and down... We are going down now... Next comes up. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
1
Bitcoin view..Bitcoin is the main pillar for all cryptos, it has made downfall almost 50% from past 2 months (from Nov) onwards, there is a major support zone around $,27000 to $,31000, since it has fallen 50%downside from an all-time high, we can expect 27000 to 31000 this zone can act as a support, this is the right time to invest in bitcoin but will wait for the market structure, let decide to market how it will react when it test the major support zone, my view is I will wait for the main support zone, it may consolidate at this zone then the clear trend we can expect based on the price behavior.
by sharathsc160
Bitcoin [Daily]2 possible scenarios with Bitcoin . It will either bounce from Zone 1 or further fall to Zone 2 which is a stronger Demand Zone. Also the sharply falling StocRSI suggests it could likely fall to Demand Zone 2. Unless we see a strong reversal on the 4hr and 2hr TFs this trend will likely not change! == I swear by the StochasticRSI. It's probably one of the best tools that show trend reversals before any major dip. More on how to read this in time! Happy Trading!
by sandeepbalachandran
BITCOINAfter completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete. Overall wave structure could be like this macd in weekly macd in daily rsi in daily Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
BITSTAMP:BTCUSDShort
by RK_Chaarts
Bitcoin Daily Challenges EMA10 | Bulls Back Ahead! (w/ Targets) It seems like forever since we last had a bullish wave for Bitcoin, we've been seeing red since Nov. 2021. Now, things are starting to change! Today, we can see prices moving above EMA10 daily on a bullish note for the first time since September 2021. We use EMA10 as the main indicator to gauge a pairs bearish/bullish potential in the short-term. If prices trading above the EMA10 green line, we say that the bulls are on top. If prices are trading below the EMA10 green line, we say that the bears have the upper hand. We have a Doji on the 10-Jan. signaling that a reversal is likely to show up. We have a higher low yesterday and today we start the day strong. Daily candle closure is needed for confirmation; Only when the daily candle closes we know if the session ends up bullish or bearish... We are aiming up! We are being conservative but first we go high 40Ks and then 50K+. What's your bullish target? Thank you for sharing. We will be looking at the Altcoins next week or maybe before. Leave a comment if you want to see Altcoins charts. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
1
Bitcoin's Short-Term Update | Path to 44K MappedLooking at the 1H timeframe for the BTCUSD pair, we have multiple bullish signals developing; the path is clear to $44K. Let's get started! First, we have a volume breakout. Volume is a very important signal used for confirming a move. Rising volume as prices challenge resistance is always good. The MACD is on the bullish zone and ready to grow. The RSI is at 61.36 while trending higher. We have mainly two paths here, the green and red arrows. Whichever one plays out, we are looking to go up. When Bitcoin drops it drops fast, lately, we have seen consolidation taking place with a bias of pushing up. What's your take? Where do you see Bitcoin going next? Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
Bitcoin Consolidation Leaning Towards The Bulls - 3 Pattern SignWe know we are at a crossroad and everybody is wondering what the conclusion will be; Bear (red) or Bull (green). Since the beginning of this year, I am of the view that Bitcoin will break upward giving us a small relief rally or "price bounce" as I call it. This would push prices up before any additional bear action takes place. Now, let's look at 3 bullish signals on the 4H timeframe: 1) V Bottom Pattern: This pattern forms at lows or support levels before a reversal. 2) Falling Wedge Pattern : This is the pattern we looked at yesterday, today we have a bullish breakout confirmation. 3) We have a strong bullish candle currently that pushed the RSI above 50 with prices closing above EMA10 and EMA21 . These are just three... We will look at it closer on the 1H timeframe next. Thank you for reading. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
Bitcoin Looking Better, Falling Wedge Pattern + AltcoinsBitcoin is looking better and better, patience is key. We are looking at the 4H timeframe and we have a beautiful falling wedge pattern. We can see the current candle moving above the upper trendline of this pattern. (Confirmation only comes after candle closure one hour from now). There is potential to move higher. You can visit yesterday's trade ideas below for additional information. Altcoins Market Update I've been looking at some Altcoins, mainly ALTSBTC, and we have mixed charts, the opportunities need to be fished out. We have many Altcoins retracing short-term but still trading within higher lows and getting ready to turn. I would say it can take just a few days to a maximum of 2 weeks before we start seeing very decisive bullish action. Get ready! Be prepared! Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
2
Mixed Bitcoin Signals/Feelings | Are We Ready To Jump?After looking at the bigger picture, Bitcoin's long-term weekly chart, we go back to the lower timeframe to get a better idea as to what will happen short-term... Is the low in? We have really good support above $40K. That is the $40,000 - $42,000 price range. The longer this level holds, the higher the chances we end up bullish with a higher low. If this support level breaks, we are still looking great around $39 and $37K. We are reaching the culmination point. In 2 weeks the month is ending... We are set to move higher even if we get a final drop. Forget about the current price action, if prices go down by $10,000 or if they go up... It doesn't matter as long as we accumulate, we buy/rebuy and hold long. February is a great month for a bottom... Worst case scenario, we get 2-3 additional weeks of correction and then massive bullish growth. A very positive outcome, we move from the current price level straight up. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda