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Btcbullish

BTC/USD analysis - Short-term bearishA correction to around 8100 for now cause the first high retraced more than 78% and it can be expected for the second high to retrace less than 78%. Then a gradual move to around 8500 followed by a correction to around 8100 again. if it were to continue to the downside and create lower lows, 7200 is back on the table. I believe we are about to encounter Wave B of the current trend. I am still bullish in the long-term but I think a correction is due and although many think this correction will come after hitting 9.3-9.6k but I think it has already started. Yes we are gaining bullish momentum right now and the target as per chart is around 8500, but that is the way of wave B! Remember: "Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative." Why am I not bullish? why don't I consider this as another classic BTC move where it plays around in sup/res for a while and then pumps? it sure did happen while we were in 5000-5800 range and it happened in 7000-8000 range. Both times, when prices dropped to 5000 and 7000, people freaked and shorted only to be rekt by BTC move to the upside. This time, I believe it's different. I am not bullish on BTC for the moment because alts/BTC are looking bullish. can't be bullish on both of them cause one moves up, the other comes down and vice versa. Alts/BTC are showing strong indications of an upcoming move to the upside, specially in their weekly chart. The last time they had a big move to the upside was when BTC dropped from 8200 to 7100.
by UnknownUnicorn4427542
BTCUSDT H&S looks like formationAt the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level next few days it will be a positive sign for further bull run. Otherwise we will have a correction till $6 161 level. The negative scenario has the higher probability now
Short
by Skyrexio
BTC/USD significant move comingAs you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily time frame what needs to happen in order for $BTC to pull it off I'll be posting a chart after this. Have a nice day and trade safe! DYOR its not a financial advice.
BNC:BLXLong
by groveguy
BTCUSDT Pullback AnalysisBTCUSDT - Binance Most likely the peak will breakout to around 5220-5200. The Fibonacci level from Breakout Point II to Peak C (0.236) with Fibonacci level from Breakout Point I to Peak C (0.618) at 5200. So it confirms the probable foot of the Peak C will be around 5200. Further testing the Breakout Points with Peaks A and B, I observed a pattern/series with coinciding with Fibonacci levels which allows me to confirm the next foot of the Peak C. As BTC has shown golden cross, Btc is in uptrend flag rally so 5500 might be a new resistence level. I believe before a uptrend or a downtrend it will touch around 5200 and then to 4950 if downtrend or 6000 mark if uptrend. Targets T1 - 5373 T2 - 5200 T3 - 4950 T - 6000 (If continue to uptrend due to 1. Golden Cross 2. Uptrend Flag) Contact me - t.me GTCGoodTradeCalls
Short
by hi_man
$BTC showing multiple bullish signs. Up to 20% PPT. Short term.$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed. As well there is a clear inverse head & shoulders formation. However keep in mind that we are still in the bear market until all major resistance lines and levels are broken. $BTC is approaching almost 1 year long descending resistance line that it will have to break in order to complete these bullish patterns (adam & eve and inverse head & shoulders). There are few controversial things to consider - bearish divergence, declining volume, 200 weeks MA that acts as resistance and others. Be very careful with this trade, set up stop loss and do not use high leverage. It's not a financial advice. Trade carefully and good luck!
BITSTAMP:BTCUSDLong
by elefante
BTC looking for clear skiesAnalysis of BTC/USD We see printed a huge green candle, breaking past the 200MA. This is a strong indicator of a bullish trend forming. Two bull flags clearly printed, before stepping above the 200MA. It remains to be seen if it can find support at this range and consolidate above this 4000 level. MACD bullish divergence is also indicative of a reversal. However, RSI is overbought, we should expect a pullback and period of consolidation before trending upwards again towards 4400. The not so ideal scenario is for BTC to fall back to its 50MA, approx 3600. Regardless, some key levels to note: - Stong Support 3200 - Moderate Support 3600 - Resistance 4000 - Target next Resistance 4400
BITSTAMP:BTCUSD
by gingerbre4d
BTCUSD Possible bullish Trend to 11200?BTCUSD Possible bullish Trend to 11200: 1) First, BTCUSD needs to aggressively break 7220 and test 8400-8500 Zone. 2) It will most likely get reject back down to 7222-7500, where it could find strong support. 3) With enough volume and momentum, BTCUSD could PUMP back up to 11200, which would lead alts to have some rooms to breath (massive gains for alts, from 100-300%). 4) All this is just probability based on the higher lows and consecutive 1,2,3 bottom formation that BTCUSD keeps forming, which is a good sign for reversal on bear market.
BITFINEX:BTCUSDLong
by Sen_Crypto
BTC Case for BullsBTC is currently resting on pitchfork 1.75 fib support. I don't imagine it holds, as there is almost zero historic price action in this range. The full extension of the pitchfork is confluent with the .618 fib retracement level, which to me makes perfect sense for a bounce. If this holds, we validate the bullish case for a potential reverse in market sentiment => establishing a higher low which hasn't happened during this bear market. Watching this VERY closely. Target Long entry would be between 6720 and 6850. 6720 is bottom of golden pocket (.65 fib retracement) and has a lot of historic price action. Also it is a fake-out break-out from the pitchfork. I'm afraid that if 6675-6700 doesn't hold, we set up a scenario that most likely re-tests the April lows (6400), then June lows (5800). 5800 has been tested 3 times, so likelihood of it holding is not very likely. Pray for a bounce here...
COINBASE:BTCUSDLong
by CryptoY0L0