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BTC/USDT 1 DAY ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. Nothing to worry about this it's a retracement or it is necessary or there are two-level from where we can expect a bounce one is 50k support level or 21 MA . let's see how the daily candle closes. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
by CRYPTOMOJO_TA
7
BTCUSD Completing Final Leg Of Bearish ButterflyHey friends hope you are well, and welcome to the new update on Bitcoin. The SMAs and alligator’s mouth formation: From daily to long-term charts, the price action of BTC is showing no chance for crash or long term-correction rally so far. On daily chart the priceline is moving above 25, 50, 100, and , 200 simple moving averages and using 25 SMA as support before next rally. The all four SMAs have formed an alligator’s opened mouth, unless this mouth will be not closed the long-term rally will be continued. The difference between 2017 and current rally: The major difference between the previous rally of 2017 and the current one is the Ichimoku cloud on long-term weekly chart. In 2017 rally it was not as that much strong bullish as this time. Therefore while in correction rally previously it was easily broken down, but this time if the correction rally will be started then this cloud will be difficult to break down. A big Butterfly move can lead priceline to $30K Now if we switch to the monthly chart, then the priceline of the leading cryptocurrency is completing final leg of bearish butterfly. For the continuation of this pattern we needed a closing above $17200 in previous monthly chart and the previous month’s candlestick is already closed above $19000 levels. Now we can expect that this final leg will be completed. As per Fibonacci sequence the potential reversal zone is as below: Potential reversal zone: $24132 to $29892 It means that the price action can move upto almost $30K then we can expect a log-term correcton rally between 0.382 to 0.786 Fibonacci levels that can be $20K to $8.5K. Conclusion: After all confirmations, we can expect that in near future there can be some small or mid-term corrections but long-term correction can be started after $24K.
BITSTAMP:BTCUSD
by moon333
4
Bitcoin Has Completed Gartley Move And Ready To Hit Upto $12KFormation of bullish Gartley: This time on very long term monthly chart the price action of Bitcoin (BTC) has formed bullish harmonic Gartley pattern and entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: $7231 to $5424 Sell between: $8654 to $12070 Stop Loss: The potential reversal zone area which is up to $5424 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for long term traders not a short term idea; I will be keep posting more trading ideas. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
5
MIKE HEARN WETS THE BED. BEST OPPORTUNITY FOR BUYINGBitcoin is a failed project. 15%+ Downturn in BTC doesn't mean Bitcoin has failed. Does anyone remember 2011 or 2014? Bitcoin still works. Bitcoin is still evolving and Bitcoin is still facing difficult challenges. But If you've lost faith that. You lack a brain. no matter the currency exchange, I can still use BTC! Unlike a broken stock (You have to hope the stock recovers) BTC will always be around and the amazing dev team at Bitcoin core and solve the ever going problems. Lets not forget we have the Halving this year and Segregated Witness about to go through. So many opportunities for BTC to excel on a currency exchange side. Now places to buy and hold. $300-$380 We are still targeting our targets of $500-$650 $400 was a huge support and the next is $300
BITSTAMP:BTCUSDLong
by ctombm
1