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Bitcointarget

Some thoughts and possible targets of Bitcoin $BTC (BTC/USD)BTC is at the top of this massive bullflag (again) where BTC is in now for 32 weeks. October is half way and the Halloween effect is knocking on the doors. Good time to look ahead. Scenario A: Bullish When BTC breaks out of the bullflag and get (and stay) above the ATH level we enter the uncharted territory. This is where the Extended Fib tool comes in place giving us guidance. Target 1: When BTC breaks major resistance and stay above, my first local target will be around 80k. This target comes from the extended fib of this recent rally. I have hidden this ext-fib to make the chart more clean. Target 2: My second target is around 96k. This is the 2.618 level of the major extended Fib AND the target of the major pole trade measured from around 27k, all the way up to ATH end of the pole of the recent bullflag. When I take that pole and extend it from the bottom pricelevel of the bullflag (50K). The target point of the extended fib and the target of the pole trade match exactly. This almost can't be a coincidence ;-) Target 3 & 4: When price breaks the psychological level of 100k my future targets are around 118k (3.618 extended fib) and ultimately 130k (4.236 extended fib). Scenario B: Bearish If price fails to set a new ATH at the major resistance AND sets a lower high and lower low, BTC is going to see lower levels most probably. This will make this whole thing a Wyckoff distribution setup.
BITSTAMP:BTCUSDLong
by HardFork_Cafe
BITCOIN 2022Will try to keep it short. 2022 You must be in a cave if still dont know about bitcoin. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Supply is capped at 21 million ( just like any company share float), game is all about supply demand. Some call it the tulip mania, some refer it to as internet of 1990's. Either ways, caveat emptor, its an asset class of its own, risky but also highly rewarding. While creation was for transactions, last 11 years lot of advancement has been made and focus is on blockchain/ distributed ledger ( a store of value independent of traditional banks. ) than just a mode of p2p exchange. As of date there are 14000 cryptos solving different problems, but you wont make in 90% of them. Blockchain applications- Monetary reserves of countries ( CBDC ) , real estate, power, ecommerce, IOT, digital transactions, financing etc Big companies that accept Bitcoin include - Microsoft, PayPal, Whole Foods, Venmo, Starbucks, home depot, twitch etc Bitcoin ETF are legal and heavily traded. WAR- Russia vs Ukraine has taught us the implications of sanctions and forex stress, Ruble ( russian currency) is at all time lows and oil at ath, The importance of self sufficiency couldn't have a better example.Russian forex was frozen, bitcoin remain unfazed. El Salvador has declared bitcoin to be legal tender, rest to follow suite. Because i have bought it, you should too ( Isnt that what we do with stocks too? ) . 4 year cycle, just like commodities, buy when low, sell when high. but in a nutshell wouldnt be a bad idea to put part of your earnings in it, you'll thank me later. ________________________________________________________________ Technicals For now, trading inside the channel , should continue its upmove. keep it simple :)
BLong
by EVOQUE5000
2
Crypto Fair Value Logarithmic downside approx. 22% from hereGuys, when in doubt, zooming out! The green line is the lifetime fair value logarithmic channel. Despite all the turmoil, the total crypto market should not drop below $1.28 trillion. This is approximately a 22% downside from here. The price action is usually way above the fair value. Even though the price action has been trending sideways and down since mid 2021, however, the logarithmic fair value of total crypto market-cap, by definition, TRENDS UP. TIME is on our side. So relax, take a chill pill, consolidate some of your more risky shitcoins into Bitcoin and stable coins, take a deep breath and wait to see if we actually hit the worst case scenario. Frankly, I have been DCA-ing heavily lately. Not much lower we can go. - @Loniwood Twitter: @Loniwood
CRYPTOCAP:TOTAL
by LoniChowdhury
Will Bitcoin reach $1,00,000 Before 2022?Bitcoin prices were moving upward at the beginning of 2021. But, its investors have seen heavy downfall into May to June. Afterward, it has hiked from 28600 to above 51356 . According to Elliott's wave theory, it's running under the 4th wave. We may see a sideways trend here. Bitcoin is preparing for a solid uptrend ahead. It's a right to jump on Bitcoin for the long-term investment. And the correction can be between the range of 28600 to 50000 because it will start marching for $1,00,000 soon. Kindly note, this target is for long-term investors only. If you're looking for an accurate entry-level, wait for my next update. I'm planning to analyze it on a lower timeframe for the short-term investors. It can be helpful to catch the upcoming correction.
BITSTAMP:BTCUSDLong
by forextidings
8
BTCUSD - 1W Chart AnalysisEven if the price of Bitcoin has moved more sideways in the last 4 months, there are several interesting aspects that can lead us with the thinking to a positive scenario. Therefore, since the last week of November and until today, we could see that the price moved between the Support Level and the Resistance Level 1 on a 1W chart, but what is the most important thing to notice is the 3rd consecutive week which is about to be registered with more consistent trading volumes than before. This price increase has been signaled in advance by MACD's position at the top of the Signal but also by the "fast" line of Stochastic which is also above the "slow" one. Regarding the general trend, this has been cnstantly bearish for a long time and despite the changes in price direction, the latter has not managed to "break" the 20 days Moving Average. Today, these positive circumstances still exist and if the trading volumes will maintain at least the same consistency, there are big chances for the price to continue it's slight rally towards the Resistance Level 1 in the next 1-2 weeks. On the other hand, if trading volumes will drop, the actual positive scenario has great chances to come to an end, with the price heading towards the level of $ 3366.
BITFINEX:BTCUSD
by ReadBTC
BTCUSD - 1D Chart AnalysisAfter 30 days of bearish trend, the price of BTC has changed it's direction and it seems decided to fully recover the losses which were registered in the same interval. Therefore, on the 8th of February the trading volumes have significantly increased and stimulated the price's "jump" above the 20 days Moving Average which leaded to a radical trend change and a growth of almost 8% in the same day. Looking to the indicators that signaled such an "impulse", we can identify the MACD's and the Stochastic's crossovers and both came up with the "BUY" signal in the same day. The second one didn't only announced the "slow down" of the price which eventually happened in the next 6 days but it was also followed on the 16th of February when the price of Bitcoin has started another rally. At this stage, the 5 indicators we are using for this chart are facing a small contradiction, as it follows : * The upper standard deviation of the Bollinger Bands has been reached again, meaning that according to this indicator the price is considered "overbought" and the price may start a "correction" anytime soon. * The RSI is getting close to the level of 70 and if this will happen, the indicator will show the same direction as the Bollinger Bands does; * Both Moving Averages of the Stochastic are above the level of 80 which means that the price is one more time considered "overbought" but without any crossover registered yet, there is no change in the price direction which is indicated for now; * The MACD is still above the Signal, meaning that the price still has more room to increase; * The last but one of the most important parameter is represented by the trading volumes. These ones are still optimum for a possible price increase but we have to notice that today's level is lower than yesterday. Based on the actual circumstances and also on the previous behavior, we think that the main scenario is the one in which a possible "slow down" of the price will start around the level of 4100$ and if the trading volumes will show the same consistency, there are chances for the price of 4224$ to be reached in the following days. On the other hand, if the trading volumes will drop it is possible to see a price "correction", maybe even down to the level of 3690$
BITFINEX:BTCUSD
by ReadBTC
BTCUSD - 1D Chart AnalysisAs we have mentioned on the previous post, the price of Bitcoin seems to delay it's so much expected recovery as long as the trading volumes are still showing the investor's skepticism in regards with this sector. Like in January, the beginning of the month was promising, with the price having a growth of 2.22% in the first 2 days but the optimists have been quickly disappointed because the ground was lost in the following days. The current period, in which the market seems to be "stopped" and where the daily average movements are getting smaller every day, has been announced by the technical indicators since the middle of January and there is no sign for any change yet. Some of us might say that the market is going through a period in which is still "searching for a new bottom" or we might be tempted to say that we already got used to the market's indecision after an "impulse" like the one on the 10th of January. But in both cases, if the trading volumes will remain low, there is a big probability to see the price reaching the Support Level of 3231$ in the following days.
BITFINEX:BTCUSD
by ReadBTC
Bitcoin Short to $4k ?BTC SHORT: • Entry Price : $7,917 • Stop Loss : $8,261 (4.35% loss) • Profit Target Price : $5,028 • Risk/Reward Ratio : 8.39/1 • Profit Potentia l: 36.49% This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC 1.56% to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again. Target 2 is set at around $4,756. I would most likely take most of my profits off the table around this target. Target 2 has a high probability of being hit. Target 3 is worst case scenario with still a realistic possibility of being hit with a target of about $2,431. I myself would not wait to close out my full short position at this point. This will be a great opportunity for the accumulation phase where professional investors and traders will load up on BTC 1.56% and new and weak traders will most likely sell. I hope this chart helps ! Follow me on Twitter @ KennyDegu
COINBASE:BTCUSDShort
by KennySniper
2
Bitcoin #BTCUSD Elliott Wave Analysis: 4 Wave FinishedThis analysis contains the Elliott Waves analysis of Bitcoin crypto currency.In my analysis; I see the 4th wave is over and we are in wave 5th. Target price is 3644$. I wish this analysis to be a moral source for bitcoin seven investors before the date of August 1 :) Finished Wave: 4th Wave Continuing Wave: 5th wave Target Price: 3644.21$ Note: This analysis is definitely not an investment recommendation. Act on your own investments according to your own decisions.
BITSTAMP:BTCUSDLong
by tahirgenctog