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Bitcoin 4H Daily Short-Term Update (Bullish)Bitcoin is looking good short-term across multiple timeframes... The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs. Now, the 4H timeframe is also looking good. As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now. The cup pattern is now in full display signaling that our low/bottom is already in. The MACD looks good above zero/bullish. The RSI is super strong. Slow and steady and we believe it will start to speed up. Conditions for change We remain bullish above the 10-Jan. low at $39558. Any trading above this level we are bullish. If prices move below $39.5K we start to consider the bearish scenario. We are bullish now. Enjoy. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin 1H Daily Short-Term Update (Bullish)Good morning my fellow cryptocurrency traders, how is Bitcoin looking up today? We have the short-term chart, 1H timeframe, with a positive outlook. - We have been seeing higher lows within an ascending channel. - BTCUSD 1H managed to break and close above the MA200 black line. - We have a strong RSI and bullish MACD. - Prices remain safely trading above EMA10/EMA21. The bulls stay ahead. We continue aiming at higher prices, slow and steady so far. The dashed blue line and spaces marked on the chart are for support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin 4h Short-Term Update + Bullish Target ($48K & Beyond)Slowly but surely Bitcoin (BTCUSD) is starting to recover. Here we are looking at the short-term chart, 4h timeframe. We can notice the classic cup pattern starting to form, this is very common when a bottom/low takes place. After the cup pattern a bullish jump tends to follow. We have bears and bulls fighting with EMA50 being the next immediate resistance at $43,195. This is our last barrier short-term, if EMA50 can be taken out we can look forward to $48,000 and beyond. Additional details on the chart. Check the related trade ideas below for previous articles . Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
WAVEUSD BINANCESomething huge is coming!!! Well a interesting scenario is happening in WAVEUSD. High frequency trade is unfolding in upcoming sessions. Consolidating since Nov 21 while remaining in down slope channel. Having last support at 10$, below it, can reach to 2$. Trade - Buy beakout of 16$ price level for Target -20$, above 20$ it should reach 26-27$. Buy again if breakout above 28-29$ for life time high in WAVEUSD. Sell below 10$ for only one target 2$. If seller trapping happens at level of 10-11$, then only Buy with 1$ as Stoploss...
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by mj053
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The Last Drop | Bitcoin Will Resume Growing January 2022Bitcoin last drop is very likely in and we are about to move up... Let's go into details. Bitcoin has been dropping since the 10 of November with no relief rally/bounce, nothing at all, basically we have been going straight down. That's 60 days in the red. The RSI has been ranging near the oversold/weak line for a while now. Normally, Bitcoin tends to recover strong once the daily RSI goes oversold. We had a recent attempt by the bears to push prices lower which ended up in a rejection, this can be appreciated in the lower timeframes. Bitcoin's last drop! Here are the two main bullish scenarios that we look forward to this month. 1) The drop is already over. We will see the green arrow materialize next. 2) One final drop/wick. There is a the possibility of one final wick, a long wick, before a relief rally can take place. This scenario also has good potential and will only extend the correction for a few more days, maximum a week or two... Conclusion Bitcoin will go green by the 15th of this month. What's your take? Do you agree with this analysis? Feel free to hit LIKE and leave a comment with your targets. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Time To Buy Bitcoin? Volatility Kicks In!We have a very long lower wick on today's candle after some volatility kicked in. The Fear & Greed Index for Bitcoin is now at "Extreme Fear"... What happens next? Looking at the 1H timeframe, we can see a candle wick going as low as $39558 but closing at $40809. The the following candle pushed prices back above EMA10 on high volume. See the chart: This recent low coincides with September 2021, opening the doors for a double bottom. The blue arrow show the potential bullish path. (Potential is now opening for a bullish bounce). If the bulls fail to push prices above EMA10 this week, we can expect a test of lower support. This is not financial advice. Remember to do your own research before trading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
📊 Bitcoing Swing Trade Opportunity 🎯BITSTAMP:BTCUSD 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, Quite Big Stop Loss as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 41101.80 SL :- 34983.5 (Closing Basis) (better to enter after reversal candle and keep sl below that candle if you atre trade for swing or short term) Target 1:- 44369 Target 2:- 46643 Target 3:- 48971 and more Trailing basis Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BITSTAMP:BTCUSDLong
by linesandlevels