👀 BTC on Huobi - Bring the noise!The resistance is real - bitcoin has been trying to push out above 10k for awhile.
Although, the volume is increasing does this mean it can push above the 10k framework of hard resistance?
We are currently above the cloud but resistance is still showing presence.
What do you think can 10k be popped off like to 10,200?
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10k
BTC/USD Trend Following Strategyhello traders
Over the years, many techniques have been used in stock markets, and as far as possible, before market movements, in seeking the best investment and maximizing profit. Two tools stood out in this area: fundamental analysis and technical analysis.
The first seeks to determine the value of a company, analyzing the fundamentals of the company, and trying to estimate its cash flows.
Technical analysis, on the other hand, gained popularity for those seeking short-term and medium-term gains, with operations based on methods and concepts, such as candlestick and Fibonacci numbers and Chat patterns.
Despite the instrumental numbers, a technical and fundamentals analysis, studies the stock market, relates past events to the present scenario, and, mainly, a trend of the active target. It is this basic concept that is based on the Trend Following operating systems.
Trend following is the most consistently successful trading style of all time in financial markets.
Trend Following does not try to predict market movements, but rather to react to the movement that is happening at the moment, we never try to predict what is to come.
BTC we are in clearly bullish trend with higher high and higher lows, we are above two important support levels, and above the short term uptrend line. We felt the 10 psicollogy resistance in the short term but the bull still in control.
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Best regards, Sandro and Gustavo.
Multiple Bounce?Hello. I am new, but I wanted to share this idea. As Buyers and Sellers vie for prominence, fluctuations such as these may occur, thus postponing for a brief time the 10K + move. Arrows indicate possible entry points for long positions.
This statement is not intended as financial advice. Please do your own research before opening any positions. Do not bet the whole farm, and always count your change.
BTCUSD ; time to fill the CME GAPDrawing the fib from the bottom of the candle, that broke the resistance, to the highest point present. We can see the fib 78.6% lining up perfectly with the CME GAP, marked as the red zone (found on BTC1! 4H timeframe, price 7625-645, gap on so to say 25th of April).
As the area is now acting as support it would be ideal to go long from there. Also the 200 MA is creeping up slowly to that point.
NB! No trading advice, do your own analysis!
BTCUSD Double bottom and way to 10K ?I dont have too much practice, but I really expect double bottom correlated with next S&P dip and after that proving BTC as save heaven asset. Meanwhile will stocks and FIATs collapse from the hillside.
Please comment, like and give advices.
Pump or Dump? Bitcoin has to decide...Hey there,
anything you need to know is displayed on the chart.
I am in a hurry so please forgive me.
Potential rising wedge forming in a ascending channel, altcoins seem to play out similar.
Bitcoin has to decide wether it wants to break the channel first with confirmation of the
rising wedge, or if it decides to negative the wedge and retest the upward channel line
with coinciding resistance at around 11k.
There is most likely a strong move into either direction ahead of us.
In principal this consolidation under 10k is bullish and should signal long entries,
but BTC and espcially ETH is too overextended currently.
Check out my latest YouTube video on: Enlightened Trading
for further information.
Also follow me on any social media if you do not want to miss trades like the last one on ETH,
of my latest post on Tradingview.
Cheers,
Konrad
The quiet before the STORMInteresting days ahead this is not what a BEAR market looks like the BULLS eat the coins no matter the price. I see bots buying big in small amounts and humans selling big in chunks we have 2 "bigger" dips in front of us at 9200€ (~10 070$) and 9300€(~10 180$)
More down-time to come but big things aheadshort insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love.
I believe we will fall to 8.2 - 8.3 k to find our support levels from Sept/Oct 2019, and that may be when we see a golden cross form, which will carry us to 10K. Anything after that is not worth speculation, I dont believe we have much game in 10K yet, and anything moving back up that high will just for a 3rd top on a very large time frame.
Remember, look at the bigger picture. (Get off the minute charts, ya clowns.)
Cheers,
-Money
Good time to be bearish on Bitcoin (BTC/USD)?!?Firstly I would like to point out that I am on a 1H chart, yes I understand that the 1H holds less significance than the 1D and 1W but stay with me, because short term charts bleed into long term charts soon after. I must point out that the 21 exponential (cyan) is now acting like resistance to our candles, when this has occurred in the past the candles have generally at least tested the 50 exponential (red). Not to mention that the RSI looks like it wants to settle around the 30ish area again and cool off. Also the MACD is falling and its histogram is showing selling pressure. This is concerning, even though the 1H analysis is generally short term, because we are in a critical area. This area could become a failed rally, a rally that also had low volume on the break out suggesting we are loosing steam. This area is critical because we don't have much room to fall without causing a panic in the market and bears to gain an upper hand. If we fall below the 50 exponential we are more likely going to hit our next major support which was our major resistance of the ascending triangle broken on May 19th (8360.00 area).
To sum things up I am starting to see that we are losing steam, I am not bearish just yet but definitely cautious now due to these findings. This is just a market update to my last chart before the break out on May 19th. There we were coiling up and had more potential because we had the ability to break up much stronger than we actually did. If we do not climb above the 21 exponential (and continue closing candles above) and our indicators do not cool off or recover soon we could see the candles pulling us down for a nice ABC correction. Using the up fib we might see a correction down to the 6700.00 USD area which would be the .382 on the 1D BTC/USD chart, and a nice solid support after a crash.
If our indicators in the short term recover and our candles push above the 21 exponential then we can feel less cautious and rely back on our Bitcoin to 10k chart posted recently. To clarify it would probably hit 9600.00 area first, and of course at that time we would need to evaluate the market situation again. To further clarify this is an update the the BTC to 10k chart posted recently!!
Status: Cautiously bullish.Partially bearish. Stop losses set.
BTC Update! Bulls clinging to $10kSorry for lack of updates lately. But here goes.
Last chart I had personally taken 50% of my profits from this most recent trade entry around $9700 and then ended up getting stopped out in the $10,400's and again around $10,250 a couple days ago.
From there I have just been patiently waiting. The trade was a fairly profitable one and now waiting for another setup. Bulls never made it to top of range I was eyeing unfortunately but that is also why we utilize stop losses to protect our profits or worst case to limit any losses.
Bulls have been trying to defend $10k for several hours now and had one pop up towards $10.3k which was quickly knocked back down by the bears. This lack of follow through does have me leaning towards further downside approaching. I am personally seeking entries under $9900 and will set up my buys to layer in down towards $9300. $9k was a fairly decent line drawn in the sand by the bulls previously and is a pretty critical level the bulls will need to defend. 4 hour chart is re-approaching oversold conditions but daily chart still has plenty of room to the downside before it would become oversold. Lets see what the battle brings overnight as bulls desperately try to cling to $10k psychological support and as the bears just continue their slow grind down. If I wake up and no buys fill and price is shooting up then we live to trade another day. No need to chase price and instead you scale out, look for another potential trade setup and have a game of patience. Zero need to catch or be in every single trade or in a general trade position at all times. Long term positions greatly assist with the anti-FOMO as well and allow you to be much more disciplined with your trading capital.
Just My 2 Sats!
Bitcoin is heading to 20000K! Following a steady hourly uptrend, Bitcoin finally touched the $9000 level again and bulls took advantage of it and pushed it up to $9300 within 2 hours. Bitcoin did not crash this time and it’s stabilizing at $9250 for now. The daily uptrend is now in place again and the weekly bull flag seems to be confirmed at this point. Most importantly, the monthly uptrend is starting to take shape and the volume increasing is very significant.
It certainly seems like Bitcoin has all it needs for another bull run at this point, breaking the $20000 level this year doesn’t seem so far fetched now, in fact it looks quite probable. The next monthly resistance lies at $10000. The daily chart is still not overbought at this point so we have more room for the upside, either way we have seen that after this type of moves, the RSI doesn’t always act as resistance and can get really overextended for long periods of time before cooling off.
A lot of analysts talked about Bitcoin whales accumulation, it definitely seems like it was the case and it’s now reflected in a big way. FOMO (fear of missing out) also seems to be coming back and will certainly be a huge factor when Bitcoin approaches $20000 again.
BTC Update! Bulls continue their run! $10k?Impressive run by the bulls. A couple days ago we were watching to see if the bulls would lose their higher lows on daily they had been stringing together. Depending on your exchange this did or did not happen. Coinbase lost it by about $50. Binance had a double bottom to the penny, bitfinex lost it by $40, etc. So depending on where stops were placed below those levels determined who remained in and who got stopped out. I personally had 2 stops with one triggering and other staying in position which left me with minimal from my original trade still in play as majority had been scaled out. I am now fully back to cash as of last night and stuck to my game plan from last chart.
We had the situation of watching for the pullback and to see if bears had follow through or if the bulls bought the dip and could give continuation. We saw the 5-6% pullback the other day and bulls pushed price back up again. Very impressive and with yesterdays bullish move up towards $9800, it had me scale out the remainder of my position and am happily back to cash to watch the $10k push.
Weekend also approaching so volatility often can be a bit crazy in a thin market. Will be fun to watch from the sidelines for myself but have no real interest in rebuying anything up at these levels currently. Ideally want to see further consolidation which would be perfectly healthy. Would love to see a re-test of our daily 12 EMA but will see if we get it or if some FOMO starts up today with media coverage pushing the $10k level. In hindsight, sure, would love to have held from the last buy at $8k but can't allow yourself to play the game of what could have been. Profits are profits and locking those up chunk by chunk and minimizing any losses has worked well for my style so no intentions on changing that now.
Just My 2 Sats!
Exciting weekly close soon on BITCOINExciting weekly close soon on BITCOIN
I am pretty sure if this weekly close above or equal to 9111 it will generate a new green candle.
And maybe this is the week for the 10k. I am very convinced that we will se lower levels.
Please check my other post. (We are in a uptrending consolidation.)
Above $11.750 = Fireworks and rockets.
BTC to Just Under 10k Before Major RetracementBTC is currently in Wave-5, where Wave-1 of this wave is the extended wave, causing waves -3 and -5 to be shorter in relation to it (Wave-3 is about 61.8% of wave-1 and Wave-5 is likely about 61.8% of Wave-3).
For extended Wave-1, we see the converging upward angled triangle by connecting the end of waves-1 and -3 as one bounding line and waves-2 and -4 as the other bounding line.
In order for this to be valid as it is, we must break the 0-B trendline before crossing the vertical line, which is the equivalent of the length of time Wave-C took to form (must break 0-B trendline in less time than wave-c took to form).
I anticipate that my price targets will be fairly accurate, however the time targets are very loose here. You should know when we are in an impulsive series as we will be moving up very fast as usual to my targets, and corrective will be less so.
I chose $9950 as my final target and not $10000 because that is the 61.8% fib of Wave-3. Also, seeing how wave-3 ended abruptly short of my $9200 dollar target (strong resistance line from the downward correction before this bullrun), I would not be surprised if this did not actually test 10k, leaving many bulls in total disbelief as it rejects sooner than thought and liquidates many.
Retracement after this should likely be significant, so don't be caught in a long at the very top.
Additionally, there has been bearish divergence forming very clearly on the AO (Awesome Oscillator) between Waves-1 and -3, which I anticipate will continue through on Wave-5 (will include a screen shot in comments as the chart was getting too crowded with 2 views).
Right chart is the green box on the left chart.
Good luck everyone! The bullrun is nearly finished.
BITCOIN is going to hit/surpass $10.000 BITCOIN is going to hit/surpass $10.000
Drop your idea below! and let me know what you think!
Goodluck.
Bitcoin: Another HUGE Move is Brewing!Coin Savvy here with yet another analysis for all of you! There’s something I want to talk about with all of my viewers and it’s the 3 day chart.
If Bitcoin closes this 3 day candle above its 200 sma then I would expect a move to the $9,000 to $10,000 region, this may take some time after the close as we are dealing with higher time frames which just takes time so have to think longer term.
If Bitcoin closes this 3 day candle below its 200 sma then I would expect a move back down to the 3 day 200 ema around $5400 to $5500.
The bullish target is using previous price history, May of last year we put in a top around $10,000 price per Bitcoin and I think this rally is extremely bullish, the weekly and monthly charts are extremely bullish (weekly closing above its 50/55 ema and monthly closing above its 21 ema) so this thing may have a little more juice in her and $10,000 is the only next real resistance besides the local top around $8400 but if we march back up after closing this 3 day above that 200 sma then I see us blasting through that local top.
The bearish target comes from a multitude of things, I will list them below:
a.) Monthly 21 ema - $5425
b.) Weekly 55/50 ema - $5450
c.) 3 Day 200 ema - $5450
d.) 2 Day 200 ema - $5450
e.) Daily 377 ema - $5400
As you can see we have EXTREME support in this region.
I would say this is a simple setup... Close above the 3 day 200 sma, go to $10,000.... Close below the 3 day 200 ema, go to $5400... We can figure out what happens after that once this takes place... Remember to take things one step at a time.
The 3 day candle is going to close tomorrow at 8 pm EST so that will be my determining factor whether I go long or short. This is the great thing about TA, having a plan for either scenario!
Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BTC is going to 10K. The Full Elliot Wave CountThe complete Elliot Wave count on Bitcoin and why 10k Is likely.
Video posted in detail on My Twitter Account
