Get started

XBTUSD

Bitcoin 4hr analysis 1-31-2021Good morning again ladies and gentlemen and welcome to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after a pretty flat weekend in terms of positive gains (or negative gains for that matter) That is what I typically have come to expect from the weekend. We had a pretty crazy week across the markets from a stock scandal to various alt coins taking off. But what is next for BTC? Lets take a look at the possibilities. Bitcoin had a pretty wild week as I mentioned just a second ago. A lot of people were taken off guard by the sudden outside interferences. Elon Musk added Bitcoin to a profile and that was all it took to see a 10-15% spike in the price. Markets are a crazy thing that we are all still really playing by ear. I mean there is no indicator or special trick that would have told you that spike was coming. If you were long good for you. I hope you got some profit from the deal. We have fallen back into the same sticky situation we were in earlier last week. We fell back under the descending resistance of the huge right triangle on the chart. I have found these patterns to be mostly bearish meaning we do eventually break down. Although nothing is certain in trading. I would definitely set a stop loss if I were to long this. There may not be much of a gap come Monday. I do like trading gaps but they are not always guaranteed. With all the crazy things going on with the markets and people supposedly forming "pump groups" which are designed to pump certain stocks or coins. If you think this hasnt been tried before you are mistaken. Im not saying the little guy cannot make a difference. They obviously can. I just dont want to see the little guy holding big bags when its all said and done. We are below the 4hr 200 MA and the descending resistance of the big right triangle. It seems as resistance is building up once more. Which could make a beak out to the upside a bit more difficult. Who knows? Maybe Warren Buffet will put BTC on his profile and we will moon again? I do know I heard Visa is thinking about allowing people to buy and sell on their network with crypto. Im not 100% sure how that will work but I imagine it will be a good thing for BTC. Time will tell. I hope you all have a wonderful Sunday! Make good choices my friends. And always remember WTFDIK?? TLDR: The elon pump made this week extra exciting. We have since fallen back into the same predicament we were in before Elon came around with his tweets. I see some hope but I also see the bears mounting their attack. 4hr 200 MA is resistance now and the top of the 4hr cloud is support. Tight squeeze there. If we see a move before todays close we may have a gap. Stay tuned
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 1 day chart 1-24-2021Good morning ladies and gentlemen and welcome back to my daily look into the world of BItcoin. Today I have the daily time frame pulled up believe it or not and I can see we are still clinging to 30k. The bulls have dug in and the bears are plotting their next move. We may have a better idea of what comes next towards the end of January. I will explain why I feel that way. So lets get this party started... I see a possible right triangle forming on the chart. Ive already pointed that out in previous analysis but the longer we remain above 30k the longer we remain inside of the right triangle. I have seen quite a few right triangles and they are typically bearish from previous experience. I think its time to start thinking above a revisit of the 20k levels... It definitely would not surprise me to see us test 28500 or 24k has some promise as support. I see there was resistance at these levels on the way up the chart so Im banking on these levels to provide at least some support.. Only time will tell for sure. 20k would be another support as well. There is tons of support below us and I dont even want to scare you guys by even mentioning lower numbers than 20k. But anyone that has been in BTC for over 2 years should be used to pumps and dips by now. A good risk management strategy is key no matter what type of market we are in... A stop loss locks in profit and allows you to remain in the trade for the time being. Especially if you believe the pump is still going you want to simply chase the candles with that stop loss. When my stop trips I am out and look for a good reentry point. Ive said it many times but I consider trading a lot like a baseball player at the plate. You may hit a home run or strike out. If you hit a home run enjoy it. Take profit and take the knowledge gained and use that on the next trade. If you fail and your stop loss trips its no big deal. Treat it like strike out and go back to the dug out til you see another possibility of a profitable trade. You will hit a home run if you stick to the plan. Right now Im seeing consolidation and that could mean a very small gap tomorrow or no gap at all. So that would make the weeks first trade a bit more difficult. I like to catch those gaps and trade them. They are pretty reliable and in this world you need to take every edge in the market you can get. If trading was easy everyone would be doing it. So persistence and patience is key. Leave emotions out of your trades. I spoke to a woman that bought at 40k. Panicked and sold at 30k thinking we were dropping to 0. Then she rebought at like 35k. That is exactly what you dont want to do. That is the result of trading with emotions. If you are new paper trader (fake trades til you gain confidence) and that should keep you from losing all your investment before you are ready to trade. Believe me its not easy. Im still learning every day. Practice makes perfect though so if you are serious about learning to trade I have a course and there is plenty of free stuff on the net. Just make sure you learn before you attempt to earn. Otherwise you may get burned.. Hey that rhymes! I hope you all have a great Sunday. Make good choices my friends and always remember... WTFDIK?? TLDR: We are clinging to 30k. If we do fall out of the triangle we have a real chance of testing 28500 or even 24k. Luckily we still have a lot of support so that is promising. But beware of the bears...
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
Bitcoin 4hr analysis 1-16-2021Hello again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up (believe it or not) and we have plenty to discuss today. The bears struck this week and let us know they are still a force to be reckoned with. But the bulls rallied back. Can the bulls keep the momentum or will we see a bear attack this coming week. We have a lot to cover so lets get this show on the road. We are inside what looks to be a huge triangle on the 4hr. People claim its a bullish pattern and I would love to agree... But only time will tell for sure. This big triangle reminds me of the big triangle we saw when we reached 14k in the mini pump of 2019. To be fair though that was more of a right triangle compared to more of an equilateral triangle that we have on the charts at the moment. I would say its 50-50 whether we break up from this. I know you guys and gals are hoping for a more legit synopsis of the market but Im afraid we will just have to wait and see... We fell through the 4hr 50 MA and when we lost that support we fell into the depths of the 4hr cloud. Lucky for us the 4hr cloud is pretty reliable and we found support at the bottom border of the cloud. We have since rebounded nicely. But the thing is we lost the trend. I drew a line in the center of the triangle and this is the line I am talking about. It was ascending support while we were climbing back up from 30k but we lost that support yesterday. Now that same ascending trend support we enjoyed earlier in the week is now ascending resistance. Either way you slice it we will likely remain in consolidation between 30k and 38k I imagine at least until the end of this month. The big triangle sure shows us that this is a possibility. I know plenty of people saying this is alts time to shine and perhaps they are correct. Ive seen plenty of alts do well when BTC stopped pumping. ETH is close to ATH levels. Even if we dont break up from the triangle at the end of the month Im not sweating it. If we dip that is just as much of an opportunity as if we climb. Thats how we should all view the market. I hope you all have a great weekend. Make good choices! And never ever forget... WTFDIK??? TLDR: Consolidation between 30k and 38k over the next month. Set a stop loss if you want to trade this (as always)
by UnknownUnicorn4304403
Bitcoin 4hr analysis 1-10-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after losing a bit of ground over night. No sweat though. We are still sitting at 39k currently and that is something to be proud of. Its well into the new year and we are still clinging to the gains we have seen over the past few weeks. But is a dip around the corner? Lets take a look at the chart. This morning I see we dropped to around 38500 before recovering to just below 40k where we are currently sitting. That shows the bears arent strong enough quite yet to take us down. Of course the constant pressure applied by the bears will eventually take its toll Im afraid, I still think its okay to be long as long as you set a stop loss. This is shaky ground and anything can happen. Prepare for the worst. Im not clairvoyant therefore I cant tell you for sure the direction we are heading next. What I can suggest is to employ risk management and even if you are wrong you wont pay for it too much. I see the bollinger bands on the 4hr time frame have had a chance to tighten up. This could point to increased volatility on the horizon. We lost the support of the trend I mentioned yesterday. I left the trend on the chart so you could see that we did in fact break out of the trend. Now that the trend is no more we are back to square one. I will be paying attention to the chart over the next day or 2 for sure to see if I can identify another trend early enough to trade for decent profit. Identifying trends early is a key to trading the trend. As we lose a little ground this weekend I am reminded of the gap from last weekend. We climbed 3k+ over the weekend and when Monday rolled around bam. Less than 12 hours into the day and we dropped to fill that gap. If you were trading that you could have paid off a car if you made the right trades. Something to think about. I bring this up due to this being the weekend. We may have a gap just like last weekend. But this one should be above us unless the bulls take off today. When you drop over the weekend you create a bullish gap. When the price climbs over the weekend its the opposite. So Im interested to see how the weekly close looks in less than 12 hours from now. Just remember that not all gaps are created equal. Just because a gap is on the chart doesnt necessarily mean we fill it like we did last week. I like to trade gaps but I have been burnt. Though its very rare. I am pretty successful playing gaps for the most part because they are predictable to a degree and traders need to take advantage of any edge they have in this market. 39800 is sort of the line in the sand at the moment. I see some support at this level but it seems fleeting. If we do lose it we can expect a drop to at least 37700 and that is being conservative. The weekend is typically boring in terms of price movement (except the past 3 weekends). This weekend is more of what Im used to. Consolidation. I do like that there could be a gap above us Monday. That could start the week of on a bullish note. Only time wil tell for sure. I hope you all have a great day folks. Make good choices! And always remember WTFDIK??? TLDR: Clinging to 40k. I see support around 37700 if we lose current support. A gap will likely form above the candles if the weekend proceeds as it is now. (bullish gap) If you plan to trade the gap set a stop loss. Nothing is certain except uncertainty.
by UnknownUnicorn4304403
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
Bitcoin 4hr analysis 1-2-2021Good morning ladies and gentlemen and welcome back to the world of Bitcoin. The bulls have made themselves at home it seems and they are still taking us to new highs well into 2021. There are a few reasons for this and we will discuss in this analysis. People are calling this a huge bubble and perhaps the bottom will fall out soon. But in the mean time we can enjoy 30k BTC. Even if we did lose 10k we would still be above 20k and that is incredible. I assumed we may break 20k in 2020 but not with this much fomo. Anyways lets take a look at the charts. We are literally in outer space with any significant time frame. Why is this important? Because we are far above the indicators I use daily which is bullish (being above the indicators I use is considered bullish) But this also means the indicators in question arent very helpful as they are thousands of dollars below the candles (with the exception of the 4hr 50 MA) I have been watching the 4hr 50 MA closely. We have fallen below the indicator a few times during this bull run ultimately recovering to above the 4hr 50 MA. We are currently above the 4hr 50 MA (orange line) and until that changes I am still bullish (*short term) Every morning I wake up Bitcoin seems to be up another 1k. I am certainly not complaining but I can say wow. I didnt expect us to break 30k like this. But there was a perfect storm in 2020. A dip to 3800 in March, the Halving in May, we broke a 2.5 year descending resistance in June or July, Stimulus money stimulated the markets, Inflation occurred when we increased the supply of USD by 22% (most ever in one single year) Institutional buying is also a new development. This wasnt happening back in the 2017 run. 2021 is full of changes (political mainly) But Bitcoin is holding strong so far. Monday is what I have my mind on. That is when we all seemingly get back to the mix of a 9-5 and that normal work life. Why do I bring this up? Well traders will also be getting back to their trading desks. They may decide to take profit. But this stimulus they just started sending out may slow the sell off. People dont want to exit their position. Who can blame em? Bitcoin goes up another 1000 bucks it seems every time I close my eyes. The stimulus may substitute the sell off and people may use that stimulus money to pay their taxes instead of exiting a bull market for tax purposes. I see some possible support below us in the event of a retrace. 28400 seems to hold some promise of a possible support if we drop that far. Below that its pretty obvious that 24330 is a likely area for support to show its face. I wish I could identify trends and patterns for you. It makes my analysis fun when I can identify trends and what not. Its not easy to analyze a rocket ship. We are going straight up. Im not upset by this. Not at all. But it sure makes analyzing this parabolic run much more difficult. We may or may not be done with this pump. Along the way from 10k back in July we have created multiple gaps on the CME. Some are over 2000 dollar gaps. These gaps have yet to fill and even though gaps arent guaranteed to fill anytime soon I still have them in the back of my head. Speaking of CME gaps I heard they are adding ETH to CME which not means ETH will also have these same gaps that show up after the weekends with BTC. 30800 is the new ATH. That could be temporary. I hear a lot of other traders saying 35k is within reach. I cant say that is a certainty but I can say that if you want to long this use some common sense my friends. Set a stop loss. I have been walking my stop loss up for weeks and if it does dump my SL will trip. Profit locked in. Easy peasy. I dont care if I miss the top. I bought some of this Bitcoin around 4k back in March so I am sitting pretty right now. Much of you should be in the same boat. I mentioned gaps earlier and this weekend will also have a decent gap. WE have already rocketed up since Fridays close so I am assuming there will be a gap on Monday. If we fill that gap quickly Monday a.m. we may see some knee jerk sell offs. Only time will tell though. We are starting 2021 off on the right foot but Monday is the real test. Lets see if the bulls can pull off another miracle. I hope you all have an amazing weekend. Make good choices my friends. Please remember WTFDIK??? TLDR: 30800 new ATH.Excuse me (NEW ATH is 31250 LOL) it just wont stop! Everytime I close my eyes I wake up with a new ATH. I guess Ill try and take more naps and maybe we hit 40k before the end of the day tomorrow?
Long
by UnknownUnicorn4304403
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
BTCUSD Bybit Bitcoin Chart Analysis July 7th Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 7th . At the top, it is a 30-minute chart created yesterday. I checked the purple path in real time. Vertical rise -> purple path That's up to $300 in revenue. Congratulations to the profitable people. This is a daily chart. In the meantime, The resistance line section of the daily candle parallel line was reached. For each section, I checked the main section. 1. It is not good to BreakAway the red section. 2. Purple smile. It is the target target of the day and can be a safety zone. 3. Two pink smiles. It is a candle Weekendly parallel resistance . There is still a long way to go. Currently, in the main section, the width of the Bollinger band is narrow. It is open up and down, so be careful. I have made a Trading strategy with a focus on this part. Today's trading strategy. 30-minute chart / One-way long position strategy. Today, I wanted to make a perfect chart analysis. Main section only, in summary, *Check the blue movement path and long position entry section (orange trend line Breakaway And strategy failure if touch the pink line) Changed to a sideways move strategy when Breakaway, Check the red finger section at the bottom. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
BTCUSD Bybit Bitcoin Chart Analysis june 24th june 24th BTCUSD Bybit Bitcoin Chart Analysis Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Bitcoin Chart Analysis for june 24th . This is a 30 minute chart created yesterday. Without much movement, the sideway move finished. At the bottom, without leaving the "no expression" section, Movement came out. 12 hour chart. Today's support line Because it is formed to some extent There will be no crash immediately. However, at the bottom, if you leave the "no" section Not good Contrary , When you touch the "Smile" section at the top, The upward trend can be maintained. This is an important seat. Focusing on this part I make a Trading strategy. 30 minute chart. neutral strategy. Green parallel resistance wire, On the red support line, Triangular convergence was created. Red support line deviated, Before And After, sideways strategy. Check the blue route and each major section. If Red Parallel Support line Break Away , Please focus on the red finger at the bottom. Good luck. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
Bitcoin | RED MONDAY (Support & Resistance)We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower. The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower. Followed by $9174 or MA200. Additional support levels are marked with blue dashed lines. The immediate resistance is now at $9750 or the last high. "Strong resistance" is found right above it in the $10,000 - $10,500 price range. We go bullish above this level (10/10.5k), bearish below. We are looking bearish on Bitcoin right now. Namaste.
BITMEX:BTCUSD.P
by AlanSantana
Bitcoin Going To... 100% Original EMAs Analysis |$10800 or $8000This is 100% original content/analysis... Please hit LIKE to support this post. So, what is going to happen next with Bitcoin (XBTUSD)? Now I share analysis of the EMAs that I learned through experience... Here is the sequence: 1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50. In this case, EMA200 was hit (brown line) on a long-wick drop, so we can say this level was tested or that this level worked as support. 2) Prices move back above EMA50 but result in a 'lower high'. This peak was hit on 17-May at $9979, this is a lower high compared to the peak hit 7-May at $10085.5 before prices dropped below EMA50 for the first time. 3) Prices just broke below EMA50 once more after the lower high... This sequence tells me that Bitcoin will go down and test at the least EMA200 again on the next drop, but since this level was already tested it can easily go lower and test the EMA300/MA200 price range. Based on this analysis, we are looking at $8420.5/$8558.5 next... Of course, the chart can always change. Below we have the Bitcoin Sideways scenario... Would you like to see the full updated XBTUSD trade with leverage? Make sure to hit LIKE... We will share it at 222... Thanks a lot for your support. Namaste.
BITMEX:BTCUSD.P
by AlanSantana
4
Bitcoin 8X Lev. Trade W/ Over 290% Potential ProfitsHere we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup. 1) First, we have the higher low which we mentioned in previous articles. 2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower. 3) A recent rejection of prices while they tried to move and close above EMA10. 4) We are seeing long wicks pointing down. These signals are telling us of a possible drop. We also have the moving average lines moving below XBTUSD, prices tend to gravitate towards these lines. We are active on this setup with 8X lev. The total potential profits sit at 290%. If you would like to see the full trade details (buy-in, targets, stop-loss, Liq. price, + additional information), make sure to hit LIKE. We will share the full trade at 200 likes. Thanks a lot for your continued support. Feel free to leave a comment if you have any questions. This is not financial advice. Always build a plan if you decide to trade. Namaste.
BITMEX:BTCUSD.P
by AlanSantana
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 AlanSantana
BTCUSD Bybit Chart Analysis March 26th. Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 26th . This is a 30-minute chart created yesterday. The trend was stronger than I thought, In the marked finger section, Every move came out. It was a two-way revenue, Congratulations. This is a daily chart. Bollinger bands Above the center line, an additional day candle was created. Also, it could not break through the blue clouds. Up and down ,The fighting is fierce, In this part, I brought a trading strategy. Today's trading strategy. It is a 30 minute chart. and It's a neutral strategy. Blue and red respectively, check the route. Also , Smile section at the top and sad section at the bottom section inside, Check your movement. And in each position, Pay attention to the finger section. Good luck. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
Bitcoin Dropping (Short-Term)Bitcoin Dropping (Short-Term) Bitcoin (XBTUSD) recently closed below EMA10 and now also EMA50 has been broken as support... With this break, prices can easily move lower and hit $5660. If $5660 breaks (red arrow), then prices can go even lower and hit $5250/$5300 short-term, depending on how this level is handled we can look for the next move, at that time we can share a new analysis if you are interested. Conditions for change If momentum shifts and prices go up and close above EMA50 or $6040 on this timeframe, we can consider the retrace over and that prices will resume the uptrend (green arrow)... Thanks a lot for your support. Namaste.
BITMEX:BTCUSD.P
by AlanSantana