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My Prediction On ETH / USDT Timeframe 4HDisclaimer On ! I want To tell you about My Prediction on ETH USDT in 4H Timeframe I see ETH USDT build Symetrical Triangle Chart Pattern In 4H Timeframe i Have 2 plan for this condition : Bullish : i see this ETH USDT Reject On Strong Support 2.576 and the confirmation candle is DOJI , If next Candle he Break on 2.650 GO BUY IT! and you can TP on 2.900 - 2.905 and wait to retest Bearish : In this condition If he Break on Strong Support on 2.450 , wait the retest on 2.515 and go Short Selling and TP on 2.160 ( If you Play Futures ) This is My plan about ETH USDT , I hope We can Sharing On Commentar Collums if you have any ideas About ETH USDT Or any Market Like BTC USDT
by RendyLee
BTC - Important update! Caution ahead.Hey guys. I hope everyone is doing well. I'm sorry, I'm going to keep this one rather short, but instead of just posting it to Twitter as a quick update, I wanted to post it for everyone on TradingView as well. I know It's the weekend and on the weekend BTC USUALLY goes sideways. I personally see a drop coming potentially back down to the 36.5K - 37.5K area before LIKELY going back up. We still may go sideways throughout the weekend and this drop could happen early next week. It could also happen this weekend, creating a CME gap and honestly that would be better than it dropping early next week. It may not even happen at all BUT PERSONALLY, I believe there's a better chance that it does happen AS OF NOW. ALSO I'd like to note that WE CAN go just a bit higher before this plays out, say up to 43K On the Hourly chart you can see BTC is overbought on the RSI and we see 2 wicks so far. Potential for 1 more wick and a drop is very much there. If the situation turns into a stronger looking bull flag, I will update this IDEA as soon as I can. BTC is overbought even up to the 4HR timeframes and a pullback from here to the 0.5-0.382 levels on the chart I think is somewhat of a likely possibility. It would create a bullish "W" pattern that is usually seen during these times in the market right before BTC starts moving up higher. See chart for details. Once again, sorry for keeping this short BUT I WILL keep updating this IDEA as necessary and as I can of course. I hope everyone is doing well and if you guys have been watching my analysis's lately especially the BTC "WOLFE WAVES" analysis then you should be. Ill leave links below to other important analysis's that are still relevant to the current market situation. *** as always this IS NOT financila advice. This is just an IDEA based off of my research and data. I always recommend doing your own research before investing in anything.*** PLEASE LIKE, SHARE, and COMMENT It helps me out a lot and encourages me to keep going. I'd love to hear your opinions on what you think of this analysis and your thoughts. I have an open mind and listen to everyone. You're all appreciated. Thank you. I WILL UPDATE and fulfill this chart with more data later on. Ill be back then.
BITSTAMP:BTCUSD
by Mboersma0324
BTC - It's decision time.Hey guys how's everyone. Just a short analysis for BTC here as I do think BTC looks ready for a big move. This move can be BULLISH or BEARISH. The key he\re is not to jump the gun and have patience. Notice the RSI bounced above 50 which is a BULLISH signal. There is still a lot of potential for it to drop under so watch closely. I say this all the time but "A stop-loss order will save your portfolio." Minimize risk! IMPORTANT!- Notice there is quite a big Inverse Head & Shoulders pattern which formed on the chart and I'm sure many people are talking about it or will be soon. Always wait for a H&S pattern to confirm. Wait until the right shoulder breaks above/below the neckline, USUALLY there's a retest of the neckline before moving towards the price target. Best time to buy is on the bounce AFTER the retest. (NOTE: The retest CAN FAIL and usually leads to a big move in the other direction. MACD is at an important area . There's a good chance for a bigger move soon. (DONT FORGET: This is a DAILY timeframe chart so when I say "soon" I mean within the next week. The path lines on the chart take place over a period of 1-2 months) NOTE: USUALLY the price of BTC drops a little bit about a week before CME futures contracts expire (The last Friday of the month). STATISTICALLY, BTC USUALLY DROPS around that time each month. This month, the last Friday is the 25th, which is like 8 days away. The rest of the chart is pretty simple and straight forward. The GREEN, ORANGE, and RED lines represent the different potential paths BTC could take over the next month or two IMO. Thanks guys. Please LIKE, SHARE, and FOLLOW. I appreciate it a lot. Will post updates along with this as usual. Ill leave the link to a recent BTC chart I published which I think BTC is following well. *** As always this is not financial advice. This is an IDEA based off of MY research and experience. I always encourage anyone to do very thorough research before Investing or trading anything.*** ______UPDATES BELOW______
BITSTAMP:BTCUSD
by Mboersma0324
BTC with a combination of a expanded flat and a triangle Last week, I got an idea about BTC to keep going on the accumulation period and will not easy to come back the uptrend following many serious events in this year (FED, Russia & Ukraine, Inflation, Midterm election...). But in the old idea, I still got the feeling that it was not right because of some complex waves in Elliot and also on-chain data following CQ. Yesterday and today, I have been spending more time looking back again, and now it seems to be quite appropriate for combining an expanded flat wave (irregular) and a triangle pattern. This complex chart belongs to Double Three in Elliot theories. It is a sideways combination of two corrective patterns. I’ve already looked at several corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. (W-X-Y) Irregular Flat Wave: From March to July 2021, Any three a-b-c during July to December 2021 Triangle: From December until now and next months. I hope this idea can be interesting to BTC traders and holders. Let's see what happens. NFA
COINBASE:BTCUSD
by binhdangme
BITCOIN Watch out for the MA's!!What's up everyone! 😃 Here I want to look closely at the MA 20 and the MA 25 on the weekly chart. As we can see they are moving towards another, which is a very dangerous sign. If they would be to cross it could be the end for any hope in a bullish reversal. I drew an orange circle around the area where the MA 25 was above the MA 20 on the weekly chart the very last time, and as we can see we ralied from then on. I also circled in orange where we are right now, and as you can see, it's looking dangerous. When it comes to the H&S pattern which i've been talking about since early in december, we almost had another crossing of the MA's but BTC started to rally and the MA 20 stayed Above the MA 25 instead. Also marked with another orang ecircle, you can see that this happened at a very similar moment, Right after completing the right shoulder and right before rallying. So if BTC repeats recent history, a rally could be near, if the MA's cross however, it's not looking good. The other MA's or moving averages of the EMA RIbbon, BTC closed below on the weekly for the first time in a very long time also. I spoke about that in MY VIDEO🎬 from last week: I will go into more detail about THE FUTURE OF BITCOIN on different charts in my UPCOMING VIDEO 🎬, so look out for the MA 20 and 25 on the weekly chart BUT also for THE video 😁😉 If the post was worth your time guys, any ♥ in the form of engagement, follows and feedback are very much appreciated! Happy Trading! ✌❤📈
by BitcoinEasyIO
2
BTC 1h UpdateHere you can see my post from earlier where I was pointing out that BTC broke above the EMA Ribbon on the 4h chart but needs to break above the neckline: Coming back to this chart here on the 1h all looks very similar including the break to the downside of the wedge and the break above the EMA Ribbon, but here on the 1h chart, BTC bounced off the EMA Ribbon multiple times (A,B,C), we won't see that happen on the 4h chart if BTC doesn't break the neckline at around 43.8k. If nothing changes, I see BTC going back down to the support levels that I pointed out in a bunch of my previous posts, find the latest one here: Another post where i point out the neckline and support/resistance levels: Happy Trading! ✌♥️📈
by BitcoinEasyIO
I predicted the latest MMCrypto chart A MONTH AGO!!!Hey guys, my post from a couple of days ago was deleted because I broke the code and dropped my social info here. Didn't know that wasn't allowed, so my apologies! So here it goes, Chris from MMCrypto said a couple of days ago that his PA passed him this chart, wonder what the PA"s job description is 😂😂 But anyways, this post below was from Dec. 15 where I called the exact top and current bottom of 40k-37k. I've been posting about this pattern and price ranges even beforehand and ever since, never changed my opinion, unlike... 😂🤐 (love that on here we can't edit or delete our posts 15 minutes after we posted 😉) Chris just posted it TWO DAYS AGO, and now says it's the pattern that helped him predict a bunch of stuff🤔 Just wanted to say, watch who you get your information from, some guys are good at packing 10 different predictions into one sentence. 😂
by BitcoinEasyIO
2
BITCOIN getting slapped and rejected!Everytime BTC tries to break a neckline.... Lets see if we can get above 43.8k maybe a retest of the channel before, or we could fall back in and thest the bottom resistance of the channel and the horizontal supports. Find the support levels here: f you like my posts, any ❤ in the form of likes, shares, feedback & comments is very much appreciated! If you want to stay up to date with my ideas 💡, hit the subscribe button! Happy Trading! ✌❤📈
by BitcoinEasyIO
BITCOIN about to GO LOWER!?What's up everyone! Earlier I posted about Bitcoin on the weekly chart, and i wanted to get into some more short-term stuff. I highlighted the main factors on the chart, all in all I'm very bullish for the mid/long-term for Bitcoin, but for the inmediate short-term I'm more bearish and I think we are going to hit the lower targets before we bounce and rally to new ATH's. If you enjoy my ideas, please like, comment, share, subscribe... and all the good stuff! I appreciate any type of feedback! (See my post on the weekly chart from today below) Happy Traing ✌❤♠📈
by BitcoinEasyIO
BITCOIN Repeating History?What's up fellow investors & traders! I highlighted some major similarities here on the Weekly Chart. I've posted this pattern for the first time about 3 weeks ago and wanted to go into some more detail. Keep in mind that this is only one out of a bunch of possible scenarios, but for now its still my favorite one. If you like what you see and want me to keep posting my ideas on here, show me some ❤ by liking 👍, sharing and commenting on my posts! And if you want to stay up to date give me follow. (Leave me a comment if you want me to make a video about this, including different time-frames and indicators.) Happy New Year & Happy Trading ✌❤📈
COINBASE:BTCUSD
by BitcoinEasyIO
2
BTCUSDT downtrend continuance to $41000ish resistanceMy Prediction: The current downtrend that started after all time highs on the 10/11/21 will continue until the $40,500ish level where it will meet resistance and continue in an uptrend. The resistance will be met around mid to late January. Why? 1. The golden cross of the 50 and 100 EMA that recently happened (25/12/21) mirrors the one that happened in May therefore the severity of the current downtrend may become worse echoing the steepness of the downtrend at that time. 2. the area of resistance between $47,200 and $46000 has been tested multiple times and even shortly broken. Multiple tests of resistance can often lead to a breaking of that resistance and the next major support is around $40,500. 3. Crypto influencers have often commented on "$100,000 BTC" leading any further drop in the price of BTC to be highly attractive to certain retail investors. Though I doubt that BTC will hit the $100,000 mark early next year, I do see some propensity for new all time highs by March 2022 around the $80,000-$85,000 mark. 4. When the price of BTC has broken the 200 MA in a downtrend over the last year, it seems to have dropped even further, hence why it will drop further to the next major resistance at $40,500ish. DISCLAIMER: I have only been looking at the whole area of Technical analysis for a few weeks so am not highly experienced. It would mean a lot to me if people who are more experienced would critique my thoughts and give me tips on improving my skills in this area. Thanks! Have a great new year!
Short
by lochiejy
BTC - WARNING! POTENTIAL DROP TO 20K Hello everyone. MERRY CHRISTMAS! HAPPY HOLIDAYS! and I have a chart for you guys. I hope this helps people and stops people from losing money. I had mentioned in a previous chart that if BTC falls below 48K (which it did) I would turn very BEARISH! I had a very good reason for that, and that is because BTC fell below the bull market support band (21W EMA + 20W SMA). BTC IS STILL BELOW this support band and I DO EXPECT MAJOR RESISTANCE HERE and I DO THINK bears are very powerful here and are setting up a NASTY BULL TRAP. DON'T BE A VICTIM. Lets look at the indicators on the chart. There are MANY MANY youtubers, and other people on social media saying "the bottom is in" and all that good stuff. Everyone points to how it is technically a HIGHER LOW but EVERYONE IS FAILING TO REALIZE THAT BTC FELL BELOW THE BULL MARKET SUPPORT LEVELS. Don't get me wrong, IT DOES look like a bottom however there is SO MUCH RESISTANCE ahead and UNLESS there's some MAJOR CATALYST WHICH BLASTS BTC ABOVE 60K again, then I don't think bulls have enough strength here. The chart is pretty much self explanatory. Notice how on MARCH 8TH 2020, BTC dropped below the bull market support band (BMSB). It is very similar to the recent DECEMBER 4TH drop! It even played out a similar pattern (shown in the YELLOW OVALS) before jumping back above the BMSB. Now look at the GREEN OVALS... This is where BTC starts its downtrend. You can see previously BTC fell below the BMSB yet again, then attempted to jump back above BUT GOT REJECTED RESULTING IN A MAJOR DROP! On the RSI, you can see that rejection happened at the 50 level. BTC IS IN A SIMILAR SITUATION RIGHT NOW! It has fallen below the BMSB and is currently trying to get back above it. NOTICE THAT BTC IS IN A VERY DANGEROUS POSITION ON THE DAILY RSI RIGHT NOW! It is at the 50 level! Nothing is certain however I do believe in wyckoffian logic and it makes perfect sense here. The "composite man" has SO MANY people right where he wants them! Everyone is distracted. BTC put in a "higher low" so everyone feels comfortable buying in... Like I said, this could end up being a NASTY BULL TRAP! Either way I made this chart just so you can be prepared and understand that a 20K BITCOIN IS ABSOLUTELY STILL IN THE CARDS and very possible! There are other indications that are in line with this idea! The daily and weekly RSI shows the DECEMBER 4TH drop as a "LOWER LOW" and NOT a "higher low" reflected by price action. This creates BEARISH DIVERGENCE on the RSI. Also BTC could possibly form a very BIG head and shoulders pattern here very soon which would have very low targets depending on how you position the neckline. The Weekly MACD crossed down and looks pretty bad IMO. This is also in line with my previous BTC chart which I'll leave a link to so you can see even more evidence that a 20K BTC is VERY MUCH POSSIBLE. Well that's what I have today. Hope everyone is well. I WISH YOU ALL A MERRY CHRISTMAS, and HAPPY HOLIDAYS. Take Care. * This is NOT financial advice. This is just an idea based off my experience. Please do your own research before investing or trading.*
BITSTAMP:BTCUSDShort
by Mboersma0324
20
BTCUSD what's next move?BITFINEX:BTCUSD Hi guys! People are sweating as nobody know what's next move for BTC. So much manipulation in the market now... DAILY To mee it looks like accumulation as the previous drop is not continuing down at the moment with rejection of the price at 45600 level forming double bottom. Falling wedge broke upwards and now the price perfectly touched 200ema , got back under daily volume level (VPVR) 48900USD and also on 0,5 fib level from june - november swing. Now it looks like it will come back to another volume level sitting at 47330 aprox where we have top of the falling wedge. On daily we can see change in volume (WAE at the bottom) which is already green and above it's MA. BUT... There is one thing on trigger waves I have not seen anywhere in the past of bitcoin (indi Vumanchu/Market Cipher) !!! Look how nicely are waves going higher and higher but the price is stucked and doesn't want to get out of this zone. This should not lead to move down, but I don't have crystal ball neither ;) 4h ON 4H TF WE SEE PRINTED RED DOT (Vumanchu) TO GO LONG SAFELY: • FIRST THING IS TO WAAAAAIT FOR GREEN DOT WHICH SHOULD BE HIGHER AS THE PREVIOUS ONE • On smaller TF we want to see growing volume • it is possible we will not see higher low under actual price as sometims BTC moves to the next step, stays there and then move higher again. Also consider we are at 0,5 fib level from previous huge swing AND 50EMA 4h is getting already to 0,6 fib extention at 47900USD. In summary what I expect most probable is this. We will see: 1. wick to 47900 (on Bitfinex) 2. prcice will get above 48900 > 2h green volue on Vumanchu > 4h green dot Vumanchu and then move up The other move cold go back to 45000USD and wash out all longs. So be cautious and take it eeeeaaaasyyyyyy. We will get higher. I will get more at lower levels. Good luck! M This is not any financial advise, always check the market before entering any position and like it if you find it useful.
BITFINEX:BTCUSD
by Muzaaa
2
BTC - 8h - Main Bitcoin forecast - rise to $56,000 Hi Colleagues 🖖 🖖 A few words on the cryptocurrency market situation and about Bitcoin. BTC buyers held the range of $47000, which we talked about in the previous idea: This mark was the local liquidity zone and the lower limit of consolidation . Lack of trading volumes forced sellers to give up the initiative in the BTCUSDT market 🆘 Global critical point, where it would not be desirable for the price to reach (if there should be continuation of growth) is the range $44600-45600. Price squeezes are allowed there. But if we see weak bounces from this range - it will be a signal for continuation of falling with 🙈first target of $42000. This is an alternative scenario for now. 🔥 The main scenario is a test of the $50800-51400 range. There will be a serious struggle in this range. ❗️First, this price range has already reversed the BTC price twice . Secondly, the sellers' main trend line, which they held since November 11, is set there. If the buyers manage to take control of the $50800-51400 range - our final target is $56000 🟢. Is a local wave of growth to the mark $47300 possible? Yes, such a wave of decline will still be acceptable for the realization of our Bitcoin forecast. Just at that point, you can see how altcoins will hold. For a short-term trade, this would be a good chance to get in a good trade. After the $56,000 test, you can look for new entries into long positions with minimal risk. So far, altcoins are not bouncing much behind bitcoin. But the likelihood of continued consolidation in the BTC market in the $47000-51000 range could allow other cryptocurrencies to exhale after the pressure and make good price pullbacks of 20-30%. It all depends on Bitcoin and USDT dominance. So far on the dominance chart we can see that capital is starting to return to altcoins. The prospect of BTCUSD dominance falling gives another signal for a greater likelihood of an altcoin bounce. What do you think about the situation in the Bitcoin market? Write your opinions in the comments ! _______________________________ 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
52
Bitcoin (BTCUSD) should fall with other stock markets shortlyAppart from the energy crisis in EU and property bubble in China, on 3rd November US FED will make an announcement regarding US interest rates. There is very high likelyhood it will go up from 0.25% to whatever percentage they feel is necessary. This is because US can no longer combat the hyperinflation, which is at record high for the last 13 years, currently at around 5.4%-5.7% and FED forecast it to go down to 4% by summer of 2022. The key point here is - an increase in interest rates will have a negative effect on all the stock markets including bitcoin, which is currently  very much correlated with them. Everything is going down!!! According to COT (Commitments of Traders), in the last week, the big funds have increased their short positions by 20%, while small independent traders (hamsters dreaming of $100,000 bitcoin holy grail) increased their long positions by almost the same percentage. On 21 October, some big whales tested BTC support levels - Binance US went down to $8,700, meanwhile Kraken went down to $54 100, and FTX went down to $58 500. On 25 October over $2.3 billion worth of bitcoins have been taken out of exchanges. Usually when crypto is taken out of the market it suggests that investors realocate their crytpo into cold wallets, because they expect the price to go up. However, this is also done by the exchanges, who simply realocate funds as a barrier against a hactic sell off - especially after what happened on 21 October and a similar crash on gas futures from $1900 to $1100. Other than that, BTC has been well oversold. On 2H BTC it's slowly forming head and shoulders. Also, there are at least 5-6 major SLs on the way to $45,000, against 1 SL above $67,000. Market Makers tend to go where most money is allocated and that's your SL.
BINANCE:BTCUSDShort
by WallStreetFox
9
BTC - MIND THE GAP! Hey everyone. Hope everyone is doing well. THERE REALLY JUST ISN'T ENOUGH HOURS IN THE DAY ANYMORE! I've been busy in one way or another lately and am just now getting an opportunity to get to some other hobbies of mine. SO THE MARKET TOOK A DUMP on some "NEWS" as usual however BTC is still holding above some key levels! In the chart here you can see the BLUE SUPPORT AREA. I personally DO NOT think BTC will break below this area however I would flip very BEARISH if BTC closes a 4HR candle below this support area. I consider this area BTC's LAST LINE OF DEFENSE! A $100,000 BTC by years end IS NOT looking likely anymore although AN EXTENDED BULL MARKET CYCLE is still playing out! Too many people were focused on what BTC's price would be "BY THE END OF THE YEAR" when it should've been "BY THE END OF THE BULL MARKET" The RED RESISTANCE area represents the 0.5 to 0.618 FIB RETRACEMENT area. THIS AREA IS VERY IMPORTANT and a couple things could happen here. It's important to watch for a swift rejection and a BULL TRAP here in this area. (not likely IMO) If BTC can break above this resistance area then BTC will be in a great position to continue upwards towards those 80K-100K targets! I STILL BELIEVE THE BIGGEST BLAST has yet to come for this market cycle and I believe It'll happen when BTC breaks above 70K! If you zoom out to the weekly chart you can see BTC making an ascending triangle and if BTC breaks above 70K, it will break out of that triangle... THIS CHART IS CALLED "MIND THE GAP" because BTC has yet again created a CME gap which is shown on the chart in the ORANGE area (54,450 - 56,280). This isn't necessarily a bad thing, It's just data. STATISTICALLY, around 80% of CME gaps end up closing. To close this CME gap, BTC would need to drop to around $54,450. MAYBE IT WILL or MAYBE IT WON'T. It's just something to keep in mind as the week progresses! I drew a bullish scenario on the chart where BTC closes the CME gap while making a double bottom before ultimately heading higher and breaking above the major resistance! I do think we're at a local bottom as there is some strong looking bullish divergence on the RSI! This may be enough to get us up to the major resistance area in RED. BTC could reject off this area and head back down to test the SUPPORT again (which would also fill the CME gap) and BTC could be stuck in this range HOWEVER I DON'T THINK we will be in this "UNDECIDED" range very long! BTC will soon make a decision and it will be determined by whether the SUPPORT or RESISTANCE gets broken! My personal belief is that BTC will break above the resistance area. I knew there was a good possibility of a drop into the 50K area and that such a drop WOULD STILL BE BULLISH on a macro scale. BTC and the market as a whole was pumping too hard and needed to cool off. I'll leave a link to that chart below (I THINK THE LINK ONLY SHOWS FOR PC USERS?... NEED CONFIRMATION) The chart is titled "BTC - JUST HOW BULLISH ARE WE?" Well that's it for this chart. I'm hoping to have some more coming soon. I have been quite busy lately but hopefully can find more time as I would like to make more charts because I enjoy it. If you like this idea please LIKE, FOLLOW, SHARE, and feel free to COMMENT... *** This IS NOT financial advice. This is just an IDEA based off of my experience. Always do your own research before investing or trading cryptocurrencies***
CME:BTC1!
by Mboersma0324
2
BTC - JUST HOW BULLISH ARE WE?Hey everyone. I have a BTC and general market analysis for you. This idea shows just how low we could go AND STILL be considered BULLISH! ITS IMPORTANT to know this especially in a market where market manipulation exists . IT"S VERY EASY to get ahead of ourselves when the market has been bullish for a while and not even consider downside targets on higher timeframe charts. This can catch many people off guard. On this chart you can see that BTC is forming a potential ASCENDING TRIANGLE on the DAILY but this can take time to play out completely and there's still a lot of room for movement. IT IS EVEN POSSIBLE to head back down to the 50K area as the RED LINE shows and it would still look NORMAL. The CRITICAL AREA for this to happen is the 50EMA. Notice the 200D EMA is down there near the bottom of the ascending triangle and that's our last line of DEFENSE! The YELLOW LINE shows WHAT I CONSIDER A MORE BULLISH scenario than possibly even the GREEN LINE. It takes time trading sideways potentially even forming a giant bull flag on the chart with 94K target level. These ideas playing out would be something different than MOST PEOPLE ARE TALKING ABOUT right now and IF they happen I believe more people will start recognizing what I've mentioned in a few previous charts about EXTENDED MARKET CYCLES. Most people ask me "What will BTC be by the end of the year"? Well look at the red and yellow lines and you can see IT IS DEFINITELY POSSIBLE to be right where we currently are at the end of the year and STILL BE CONSIDERED BULLISH. The market could very well play out into next year... The truth is there is a WIDE RANGE of possible outcomes. THIS CHART IS NOT INTENDED to predict a certain way but to show a few different ways BTC can go from here and still be considered BULLISH ON A MACRO LEVEL. The FEAR/GREED INDEX right now is 77-EXTREME GREED suggesting the market needs to cool down. Hope you guys like the analysis. It's about being prepared for potential changes in the market trend and not getting ahead of yourself. If you like this idea please LIKE, FOLLOW, and SHARE. It's appreciated. Been busy working lately but I have some time available the next few days so I plan to have more charts and analysis coming soon. Take Care. * This is NOT financial advice. This is just an idea based off my experience. Please do your own research before investing or trading.*
COINBASE:BTCUSD
by Mboersma0324
6
BTC - POTENTIAL H&S AND DROP TO &58,500Hey guys. This is a BTC update, however it could have an impact on the rest of the market too so keep that in mind. Today is Friday and the LAST 4HR CANDLE before the weekend starts is happening now. There is a H&S pattern on the charts which could bring BTC back down to test the $58,500 area again. It's not the most perfect H&S pattern however I've seen many others that looked worse play out. It's something to keep an eye on. If the H&S does play out, I drew three potential paths from the 58k area that I PERSONALLY THINK are likely scenarios. As time goes on, and people keep expecting BTC to blast to 100K by the end of the year, I THINK we will see more and more evidence of something I've mentioned in other BTC charts happening and IF YOU CATCH ON TO THIS IDEA EARLIER rather than later, it could help you out a lot... What I'm talking about is LENGTHENING MARKET CYCLES and POSSIBLY DIMINISHING RETURNS as well. As time goes on, It takes more and more market cap to increase the price of BTC, therefore, over time it should happen slower and slower. THIS IS NOT A BAD THING in the eyes of INSTITUTIONAL INVESTORS. IN FACT, it likely will be seen as A GOOD THING because it will STABILIZE BTC a lot more that what we've seen in the past which VALIDATES the idea that BTC is a "store of value" like gold. There's a possibility that BTC drops a little over the weekend from this H&S pattern. IF THAT HAPPENS, I WOULD PERSONALLY SEE THAT AS A GOOD THING as it would create a CME gap that would likely be filled Monday or Tuesday. This could potentially be the start of the big blast everyone is waiting for. We'll see though. Hope you guys liked this IDEA. I've been a little busy lately but hopefully will be able to make more charts here soon. *** This is NOT financial advice. This is just an IDEA based off my experience. I always recommend researching and UNDERSTANDING cryptocurrency before you even consider investing/trading.***
COINBASE:BTCUSD
by Mboersma0324
1