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Bitocinpredicitions

BTC's last chance to hold supportBitcoin has been in this range for the past few months On lower time frames it is posible we see a Reverse H&S developing coming into the support zone drawn on the chart which could be enough to break us out of the range On higher times frames Bitcoin looks heavy and if Bitcoin loses this support, I am confident that it will not be long until range lows are tested followed by a move lower This is bulls last chance to put up a fight and I am long from 32200 with a close stop Happy trading!
Long
by johnnybtrades
Endless Trading Range SummerFollowers of the Shark and patient hands everywhere how are you all doing? Not too much has changed over the past couple weeks so there was no need to repeat the plan. Market sentiment seems to be getting worse and worse each week and most are now in the bearish camp. I like this. In the most clear way possible I have laid out the 2 trading ranges we will be stuck in for a season and possibly the entire summer as money redistributes and resets. We broke out of trading range 1 a few days ago and met heavy resistance on the top yellow line of the range. All we need to see here is a couple more higher lows as outlined (yellow half circles) for shorts to start loosing more confidence in their positions. These moments of slow tape and negative market sentiment is when you just keep stacking more longs and continue to be patient. Keep your emotions in check and stay off your account balances page. I outlined several weeks ago how BTC.D would start making its climb back to 50 we are moving along in that direction. I also outlined how you want to stay away from alts until fall time. I hope this advise has helped many of you. If you need a little Hope you can lean on the Shark. I have us charted to be inside trading range 2 and above 45k by July 1st. Hang in there everyone and stay with the Shark.
COINBASE:BTCUSDLong
by Bronson-TheShark
8
Bitcoin (BTC) - 6h. Last accords before the test of $46-48kA local wave of decline in the BTC market, which sellers began on June 4, was able to break the lower line of the consolidation triangle down. However, after a 3-week price movement in a narrow consolidation, the downside impulse should have been aggressive and clearly on large volumes. This wave of decline showed the BTC market that: - Sellers are not ready to continue a powerful wave of decline in order to break through the range of $29000-30000 without a good rebound up; - Market participants do not want to trade in such a narrow consolidation, therefore they have expanded it both in a percentage range and in time. Already on June 8, buyers showed their desire to control the range of $29000-30000 and closed the daily candle with a pin bar: If we look at the daily timeframe, we can see that this pin bar took place on average volumes. In addition, the buyers managed to absorb 3 previous sellers' candles during June 9 and practically test the critical range of $39,000-40,000. In our opinion, buyers have not yet managed to stop the powerful wave of decline, which culminated on May 19. Now the process of buying out sellers is underway , who still believe in the continuation of the fall in the price of BTCUSD without correction. This process takes place within a wedge. The deceleration of the local growth of the BTCUSDT price indicates the beginning of the formation of another fall wave within this wedge. If this wave of decline is as weak as the previous one, this will be a clear signal for us to buy BTC with a target of $46,000-48,000 . In this case, the global purchasing area is in the range of $30,000-33,000. If we analyze the chart of the dominance of Bitcoin, we can see that the interest and the gradual flow of capital into BTC has already begun: During yesterday's rise in the price of BTC, altcoins in a pair with BTC were falling. This fact reinforces our main test scenario for the range of $46000-48000. The local breaking point for this scenario is the range of $39,000-40,000 . Having consolidated above this range, buyers will again regain control of the BTC market. P.S. Our global forecast is relevant: _______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
26
BTC 1D. Is there any strength to continue growth to $13,870?Hello everyone) We are glad to post our thoughts on the BTC situation again. Our previous idea didn't work out and the assumption of a double top formation turned out to be false. Buyers with a slow but steady diagonal consolidation broke the critical level $12,500 , which was untouchable from 18 August. Of course, behind this level there were a huge number of traders stops who were in short positions and it served as new fuel for continued growth. The daily candle from 21 October closed quite confidently, but the continuation of the same confident growth, which everyone was waiting for, did not happen. The next daily candle with increased volumes does not look so aggressive at all, which suggests the thought "Will buyers be able to keep the level that they have so gracefully broken?" At the moment, the price continues to trade in the channel, the upper trend line of which borders at $13,870. Consolidation was formed locally, as a result of which the price has two ways : Having fixed above $13,100, buyers will continue to raise the price to $13870; Having broken $12,600, the price will continue to fall to $11,385. Of course, it is wise now to watch and take the winning side , which is what we are doing. However, looking at the monthly timeframe, one can assume that there is global consolidation in the market. And we cannot afford to sincerely believe in the continuation of the growth trend without an alternative. What do you think about the situation? ____________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier
by P_S_trade
2
Bitcoin - Fractal Triangles Anyone?I have started to enjoy looking for patterns, sure, sometimes they are not there when we think they are, but often they are there when we think they are not. So the closer you look, the easier to see everything is made up of small repeating patterns and frequencies. Sometimes it feels like it might be easy to see in a chart this happens to be one of those times, If any where along these points the fractal changes, we can imagine an inverse correlation, looking at the chart the way I have it now, if we break the larger triangles and outside of the pattern the price will fall, if it turns above in any of these fractals it will likely turn up. Today was a great example of that. What I love about charting is the infinite games of learning these represent, to understand constantly we might be wrong and be prepared enough to take advantage of every positive or negative outlook simply by paying attention. Hope this makes sense, as I am fascinated by the emotional factors that are universally at play when we are charting "technically"
COINBASE:BTCUSD
by Arcane-bear
2