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BITCOIN 80k soon : FIB Extension & Flag-Pole theory (READ CAP) Bitcoin projected targets are 80k as per both of my theories:- 1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory. Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k Now that's huge and looks quite accurate. COMMENT your views HODL !
Long
by meetmoneypenny
Bitcoin Bulls Gain Momentum, Where Is The Next Target?Bitcoin (XBTUSD) continues with a slow but consistent recovery from the strong mid-March drop, prices hit EMA50 ($7302) today. EMA50 is an important level in the daily timeframe, breaking above it can send Bitcoin higher up. Right now prices continue to increase but the trading volume is still low, so we need to be cautious as things can turn fast here with Bitcoin. CHART SIGNALS The RSI is looking strong above 50. The MACD is still below zero but going higher. We remain bullish as long as prices remain above EMA10 ($6518). If prices close below EMA10 daily, we start to look at the bearish scenario. Right now we remain bullish and expect Bitcoin to move higher. NEXT TARGET If EMA50 is conquered the next target will be around $7800 to continue quickly to $8500+. SUPPORT On a retrace, the blue dashed lines on the chart is where we find our first support. Bitcoin can easily continue higher here but be cautious until more volume shows up. The weekly chart is also starting to look pretty interesting, the weekly close Sunday will be really important as a strong close can give us a very strong signal as to where Bitcoin is headed next. Do you agree with this analysis? Share with us in the comments below! Namaste.
BITMEX:BTCUSD.P
by MasterAnanda
Bitcoin Weekly Changes (New Targets & Support | $17.9k Possible)Bitcoin's bulls showed themselves really strong last week when they bought everything below EMA50 and pushed the price above EMA10 in one single candlestick. Bitcoin (BTCUSD) was trading below EMA10 ($9170) and fell below EMA50 ($8012) to reach a low of $7293... As soon as this low was hit, Bitcoin had a very strong bounce and the bulls now are back in control... So what happens next? Let's take a look at the signals coming from the Bitcoin weekly chart Here we can see the 'reversal signal' with a bullish candlestick marked with a blue circle. When you look at the trading volume, we can see a huge increase and a strong breakout. The highest volume since May 2019... Last time we saw this type of volume Bitcoin grew from $8000+ all the way to almost $14000. The RSI remains strong above 50 (this is bullish). The MACD is starting to curve and the histogram is already moving in favor of the bulls. The MACD is also on the side of the bulls. Bitcoin is clearly trading above EMA10/50 with a new green count starting on the TD Sequential indicator. With lasts week's candle, you can consider EMA100 ($6987.80) to have been tested and Bitcoin can now try and test higher resistance levels on the way up. One more support level is yet to be tested which is EMA200 (orange) at $5391. But if this level will be tested Bitcoin is very likely to first move up. New Bitcoin Targets & Support Levels After the lasts weekly candlestick close, we have new targets for Bitcoin. The sellers were clearly rejected and the bears are now gone... This can obviously change if the last low is broken at $7293 but now we remain bullish and strong... What about the new targets and support? Continue reading below... SUPPORT LEVELS As immediate support we have EMA10 sitting at $9176. The next support if Bitcoin moves down and closes below EMA10 will be $8800 followed by $8000-$8250. The main support is the last low mentioned above. RESISTANCE LEVELS/TARGETS Now that the Bitcoin bulls have given us a strong and clear signal, let's take a look at what's in store for on a bullish follow-up... the immediate resistance is now sitting at $9789. A close above this level and $10560 enters the picture. Finally we have $11300 followed by $12400. Depending on how these levels are handled we can analyze the next move. If you would like to look at Bitcoin shorter-term (daily timeframe), check the trade idea below | Everything Chances Now... New Bitcoin Targets ($12,000+ Next?) I will also leave you with a positive message below hoping to send you good vibes and positive energies to start your day. Make sure to leave a comment, follow and/or a LIKE, as well as share your chart with us below. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
Bitcoin Bullish vs Bearish Long-Term | $5,065 - $5,400 BottomBitcoin (BTCUSD) remains bullish on the monthly timeframe. We are not used to seeing a "long-term" bearish Bitcoin. We are not used to seeing Bitcoin consolidate/go lower for months. There was only one occasion where Bitcoin went negative for six months straight. That was between August 2018 and January 2019... What followed was the BTC 2019 bull-run which produced over 340% in growth. Right now we see Bitcoin consolidating. 3 Bearish/red consecutive monthly candlestick closed, yet Bitcoin remains trading above EMA10. Above EMA10 = Bullish Below EMA10 = Bearish So Bitcoin can easily move higher long-term if it can remain above this level. If EMA10 breaks with good strength and volume, now sitting at $7843. We can expect Bitcoin to test the $5065 level or EMA50. I am looking at two scenarios mainly and they go as follow: 1) Bitcoin remains above EMA10. Here we follow the green arrow. In this scenario, EMA10 holds as support and Bitcoin does a slow and steady long-term climb towards new All-Time High. 2) Bitcoin breaks below EMA10. Here we follow the red arrow if support is broken. If Bitcoin (BTCUSD) breaks and closes below EMA10, it is very likely to test EMA50 at $5065-$5400. If this scenario becomes true this is the lowest we believe Bitcoin can go. In this case, we follow the red+purple arrows. FEELING THE MARKET We believe that EMA50 ($5000 - $5400) will be tested before a new all-time high is produced. Share your thoughts in the comments section below. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSD
by MasterAnanda
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