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Bitcoinpriceforecast

Did you buy the dip? Hello Everyone, Did you buy the dip? I hope so. I've been calling for the $45,000 area for about a month now and I was within $2,000. I definitely took advantage of this drop. So some people are still bearish since we are technically still in a downtrend. Let me go over why I am bullish and a few things Bitcoin needs to happen to increase in price: 1. Price action is bullish. We can see as we were dropping in price, the volume spikes got lower each time. 2. Bitcoin is technically in a downtrend. Breaking these trendlines would put us in a new trend, most likely bullish. 3. MACD on the daily is seeing waning selling momentum. This to me says the sell off is getting close to over and buying momentum can resume which is bullish. 4. Daily RSI is heavily bullish with a lower low in RSI and a higher low in price. 5. The monthly and weekly charts had time to cool off. The market cannot go up in a straight line. Sell offs are needed to allow the market to continue higher. 6. Small "dips" in price have been bought up quickly between $50,000 and $54,000. This to me is bullish because anyone who failed to buy the dip is now buying based on the above confirmations. 7. Alt coins look extremely bullish, especially Ethereum. - self explanatory. I hope you took advantage of buying this opportunity. This could set up the run to $100,000. The first step is breaking the upper line of the current downtrend. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDLong
by RomanXIV
9
Bitcoin. Lots of bullish confirmation on the 4 hour.Hello Everyone, Quick post today. So as some of you know I have been saying that the long term charts for bitcoin have been looking weak and we may see a correction soon. Well here's another perspective. Our 4 hour timeframe is looking fairly strong. With that said, there was a huge valuation for the Coinbase IPO and various alt coins are ramping up in price. The theory is, during alt season (when alts pump as bitcoin consolidates) people will take their profits from alts and put them back into bitcoin and bitcoin will explode upwards. 1. 4 hour is showing a confirmed double bottom. This is a bullish pattern. 2. There is waning selling momentum on MACD. 3. The Day timeframe MACD is still gaining buying momentum and has not shown weakness. 4. Good consolidation and a retest which may point towards accumulation around our "heart line" - (dotted yellow line). 5. 4 hour volume is going up as price is going up. This is bullish price action. Overall, I have a short term target for $67,000 but if bitcoin really rips upward, I'm looking to take profit in the $75,000 - $80,000 range. Maybe even higher. But keep in mind that our weekly and monthly still look the way they do. They are currently still showing bearish price action but this could change if short term charts remain bullish. You may want to factor that in to your buys. I hope this analysis helps some of you, if you are not in, now would be a great time to enter as there is confirmation of a double bottom but remember this is directed towards a more short term trade. As always, be patient, manage your risk, and good luck trading!
COINBASE:BTCUSDLong
by RomanXIV
BTC Update : Here's what to do short-term wise!✴️ BTC Update #BTC_Update Hello dear community, let's take a look at the recent development of Bitcoin since the last update, shall we? BTC hit 8700 tails yesterday and has since rebounded to currently trade at 8850. The daily technical situation is still negative while on the 4h horizon the wavetrend has crossed upwards. 📈 Trend follower? Negative on the 1h and 4h horizon but positive on the daily horizon. 👉 What can be done? There are two possibilities here my friends! Either the BTC succeeds in going up in the upper part of its daily range, in this case the possibility of shorting at 9200 will remain. Or, the Bitcoin does not manage to do so, and breaks the range from the bottom, thus printing a new lower low. In this hypothesis, we will then look for a new possibility of shorting around 8750, this zone being the most liquid of the short period of flat consolidation. In the meantime, we are waiting, our scenarios are ready, we will let the market decide, stay cautious! 😉
by ArnJuDQ
XBTUSD - Buying pullbacksBitcoin is trying to hold at $9800 and knocking to $10k level. I don't plan to short this pump - better to buy pullbacks, my overall bias is still bullish. The first area I'm watching is $9550, have some bids there. The second area - is the previous resistance at $9300, as well as good for me to buy some coins. Any close below would be invalidation for the bullish bias. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.PLong
by Bitduke
Let's long the retrace guys!✴️ BTC Update #BTC_Update It's a new week and a new month starting guys, I hope you all had a great weekend! What's new since then? Bitcoin has been relatively quiet compared to Wednesday's pump. The daily technical situation is now negative with a buy signal given on the WaveTrend. On the 4h horizon, the technical indicators are also negative. 📈 Trend follower? Positive in 4h and daily and negative on the horizon 1h. 👉 What can we do? Bitcoin failed to register a higher high over the weekend and we can therefore expect a decline. Is this negative, not at all, this will give us the possibility to open a long position on a retest of the 7800 zone. In the meantime, be careful! Enjoy our analysis! Your 4C-Trading Team 💚
by ArnJuDQ
BITCOIN PRICE MANIPULATIONSBITPRICE MANIPULATION The transparency of the blockchain makes it possible to identify the movement of large amounts of crypto to or from the Exchange Wallets. Last night I observed transactions of several tens of millions of USDT mainly to Binance, Huobi. Hours later the price takes off by 8% and cuts a resistance that seemed unbeatable like butter. I have drawn the graph with Elliott's waves by applying the fundamental principles and a truncation of the trend between the VI and the V. Wave was evident. For those who do not know it means a failure of the race to the upside with subsequent motion of three ABC waves in formation of correction. instead, arrived at B and after the events of this night the price takes off by + 500USD in a few minutes. Vertical, in unison. In the afternoon I saw almost 10,000 BTC move towards the main Exchange wallets, an evident sign that it is preparing to deal a blow. Otherwise why you should move such large sums from a safe place to an Exchange wallet. Certainly the Killer Whales are lurking and everything seems to presage a well thought out Bull Trap. - Be careful not to stay with the match in hand! Whale alert: whale-alert.io Here is an article from today's WSJ: www.wsj.com #bitcoinkillerwhales #bitcoinpricemanipulation
Short
by gabrielestampa
5
Now we enter on pullback!✴️ BTC Update This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing. The zone we are now interested in is very logically the one between 7500 and 7600. The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter are starting to show signs of bearish curves. 📈 Trend follower? Still negative on the daily horizon, but positive on the 1h and 4h hourly news bulletins. 👉 What can we do? Now that we've had our break, it's time to look for an entry point to buy. There are two possibilities here: 1) The zone between 6900 and 7000, which corresponds to the old resistance zone but also to the zone between 50% and 61.8% Fib (last bullish leg). 2) The 1h zone value which also coincides with the 50% retracement of the 6130 - 7460 rise and the EMA 200. A long position can be opened on the 1) using half the usual risk and a tight stop-loss. If the latter does not hold we will also open a long position on the second zone. 💹 Altcoins The majority of the market is showing gains since the beginning of the session with SKY and VET winning over 10%. Stay safe guys!
BITMEX:BTCUSD.P
by ArnJuDQ
BTCEUR - Bear Flag, Short Position (7.150 to 6.080 EUR, -14,56%)BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%) BTC comes out of a very marked flag of about 73 days. The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days. By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT. In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur. 1. Entry into SHORT at 7,150 EUR. 2. Monitoring of historical support at EUR 6,774. 3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR. The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE. #surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
Short
by gabrielestampa
BTCUSD 12h past a visit to the 4digit bitcoin for only 10minutesRight after the close of the daily candle we have seen bitcoin hit a low of 9857 followed by massive buy by probable campers and bots which saw the push to the current price. Question is was this enough to reverse the falling trend to the uptrend, we have about another day to have our questions answered, nonetheless a great time to stack a bit more BTC even at current prices. As always Trade safely, Happy Trading.
COINBASE:BTCUSDLong
by ChartPicasso888
BTC Bearish Short Term ScenarioThis is the bearish scenario short term with BTC. I will be breaking the chart down through bullet points so that it is easy to understand. Note: My long term bearish scenario is still in play. You can find it below. - Pattern shows what looks to be a bearish pennant playing out. - Critical supports still stand at 6100s and 5800s. - Stoch RSI is showing weak slope trajectory of the rebound despite heavy drop. - RSI is showing weak slope trajectory of the rebound despite heavy drop. BTC Bearish Long Term Scenario:
BITFINEX:BTCUSDShort
by cryptonekoz
BITCOIN - Something, That Has Not Happened For 4 Years!?Hello! The TRAIN is unstoppable! In this down-train, we had 7 bearish days in the row a small pause (doji) and three after that! Last time when we got 7 or more red days in the row was 07.2014, so, more than 4 years ago, a pretty significant yes!? To me, to make a new TA. was very hard and I thought this is even impossible because we need to settle down to make a new and profitable trades! But still, for You, I pointed out some supports and some trendlines what do You need to watch! There is a red box which means both: * A bearish confirmation if we get 1day candle close in this area. This means that we have a break/close below the blue trendline and we have a break/close below the round number and strong support from past, $6000 + there we could see some massive panic selling! If we get a close in this area then my old topic would be again back in the business! My thoughts about the "Clean area" from 12.10.2017 around $5k: The 'Clean area' means that when the price rallied up and never looked back, the market doesn't accept those areas those areas are like gap's which get filled about 80-90% of the time! * Bullish?! ONLY then it confirms SOME bullishness when we touch this area and we see a nice candlestick pattern formation and we get a close above the blue trendline. 1day pattern "Hammer", 2day pattern "Engulfing" or 3day pattern "Morning Star" (if You want to know how those patterns look, go and visit my topic "Important Candlestick Patterns") We might see some pullback, soon we almost have to see some pullback because the market never drops like a stone and the market never rise like a rocket - zigzagzigzag but this ziiiggg is too long :D My recommendation is, do not trade at the moment because there is just so much pressure, there is a selling pressure and there is also pullback pressure but this pullback would be so quick it may come from nowhere and it will ruin Your trades! In the update section, as usual, I would like to start collecting confirmations from the shorter timeframes and hopefully, You learn something new from there to become a better trader in the future, so, stay on my channel and take the information with You! PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSD
by VaidoVeek
44
BITCOIN BREAK THE MAIN BIG TRENDLINE!A couple of days ago we had a massive move upwards (correction)! The day ends with an Engulfing candlestick pattern and closes above THE MAIN BIG TRENDLINE sine 17.12.2017 which means we broke the main down-trend at the moment! Right now the BTC price forms a continuation pattern - "Bull Flag" . Bull Flag is supported by EMA's and a resistance area which becomes a support! This resistance/support area is also a restest from W formation breakout trade (Double bottom) - breakout area was $6300 and now we retest it. So, this is the first option to go upwards from here! The second option is at the $6100 level! Recently, the market is very sensitive on Fibonacci levels , especially the main retracement level at 62%! We might see some pullback to $6100 where is our strong green line and also supported with Fibonacci retracement level 62%! Summary: I think that now we see some "green" in the market at least several days, this is very hard to tell was this THE MAIN REVERSAL point or not! If whales want's to lower the price again then they can do it but the whole market sentiment is at the moment bullish and also from TA. perspective! To be continued in the update section below.... PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
125
BTC - Dead cat bounce now ! BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts. I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k While everyone was bullish on the bounce from 7k, I was very skeptical and expected us to hit sub 7k regions around 6600 in previous idea. That was on point. Hoping for bounce here to 0,5 fib level. Indicators are oversold and RSI hit some pretty extreme values in this dump.
BITFINEX:BTCUSDLong
by cryptnomic
5