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Ascending Triangle breakout to the upside for BTC??!!??On the RSI Bitcoin appears as though it wants to break the downward sloping resistance of a descending triangle. The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance. The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI. It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
BITSTAMP:BTCUSD
by ScotianBot
BTCUSD : Still Long / Bullish ?So... on BTC, my bullish setup is as follows: EW wave 1 with 5 waves has completed then after we seen an ABC correction that we forecast has ended @68.1 so long as it does not break below 68.1 if it does then we are forecasting that our wave 2 then will be @78.6 where then we will be looking for another different buy setup if there is. but for the current setup we then currently see the market @78.6 of the lower degree waves where we are forecasting that we'll have our 1 & 2,3,4 till 5 of Wave 3 of the Higher degree. Please remember market structures change so Trade Responsibly and Don't forget to use your own Risk management. Also this is my bullish forecasting as i also have Bearish forecasts as well incase bulls fail, so i will be updating you gyus, dont forget to like,follow and share. Dankie
BITSTAMP:BTCUSDLong
by Theofylrx
BTCUSDT Analytical idea #TBAEWhat do I think? Well, I think to be considered back into the bull run, we will need to get above the 21W EMA and 20W SMA, which historically I believe pretty well delineates bullish periods vs bearish. So for that to occur, from where we are now, we'd have to move at least another $8680.00 in the + direction, then I'd need to see us stay above that line and range within the red zone, another $4500 to $9000 to the + and stay there. Considering the volume needed for that, it will have to be institutions getting in strong. We know several countries are getting in, and the $40,000 price tag may not be such a deterrent, but for banks, hedge funds and others, I think they are going to want to see the price back down around $30-$32K, so we could see some more manipulation and some sort of dip for that. For now, I think we stay ranging in this $38,000 to $42,000 range for a couple of weeks if not maybe months. But I'm just guessing here. Bitcoin always does the opposite of what you think it will do. DISCLAIMER: _TbaeTrades: Your investments are your responsibility I do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of my publications. You acknowledge that if you use the information I provide, you're at your own risk. i do not offer investment advice and nothing in the calls that is or tobe published, should be construed as investment advice. _#TBAE
by Tbae_Nike
Hex set to 2-3x in the coming month Price discovery is at an ATH for hex while the rest of crypto is struggling, new stakers everyday, old stakers buying more and more, what else could you ask for? Well Richard Heart’s new fork of Etherium dubbed PULSECHAIN is set to help out not only hex but all the other erc-20’s. Not only is this huge for crypto but there is an awareness about hex now coming abroad that wasn’t there in the launch phase. Hex stakers and holders will be rewarded with a full stack of the ehex onto the new network and will be called phex. Erc 20 holders of most coins will be rewarded with their full stack of coins starting out at 0 value on pulsechain. This and many more “pumpamentals” are in the mix to take hex higher and farther than even my analysis predicts.
Long
by trapiavelli
3
BTC/USDT : What's Next ? 💡A quick analysis on BTC using the daily time to be able to predict how most probably will move in the next coming weeks. 🎯 ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
by CollegeofPips
$BTC decision time - TAKE YOUR POSITIONSUnfortunately i don't believe BTC is ready for its return to the ATH . I see the current pennant as a bearish signal with the pennant creation from the higher high to the low - Consequently making lower lows and lower highs as the pennant develops. Test on 30K again at some point - possible wick only We saw the initial huge drop and slowly but surely, on each move up and down, volatility and volume has been decreasing. Currently finding an equilibrium in the middle of the range - this price action traditionally ends with an explosion of liquidity and trend reversal
COINBASE:BTCUSD
by JH_CryptoTrading
BITCOIN Elliot Wave 5 Here's a daily chart of BITCOIN. Currently, we are consolidating in wave 4 of the Elliot Wave. Typically in wave 4, you would see an ABCDE pattern with the break of the triangle to complete wave 5, which in this case would be at 27851.xx level. Also on the chart, you should see the monthly candlestick painted in the background. If you ever use a period separator on your chart, you should be able to predict how the candlestick will play out by looking at price action/pattern in a lower time frame: Here are the different time frame that I look at to anticipate the movement of the market Daily price action = Monthly candlestick 4 Hour price action = Weekly candlestick 1 Hour price action = Daily candlestick Happy Trading folks! Cheers!
BITSTAMP:BTCUSD
by Kav1ka
ETH AT 6240$ IN OCTOBER. HYPOTHETICAL SCENARIO THAT WILL PLACE ETH AT 6240$ IN OCTOBER. ETH SHOWED US THAT IT LOVES TO PERFORM AND EXECUTE PERFECT W PATTERNS DURING THIS LAST BULL RUN. TIME IS ON OUR SIDE. IN THE GRAND SCHEME OF THE MARKET CYCLE I CAN CLEARLY SEE THAT A 10K IS INEVITABLE, FIRST WE NEED TO BREAK THIS DOWNTREND, AND IN MY OPINION BY A FUNDAMENTAL REASON (EIP1559) IN JULY WE WILL HAVE A NICE MOMENTUM SHIFT THAT COULD LEAD US TO A RETEST OF THE ATH, ONCE THE ATH BECOMES SUPPORT AS A NECKLINE OF A W PATTERN IN ONLY A MATTER FEW MONTHS WE CAN SEE THE PRICE AIMING 6/7K EASILY. OBVSL THIS TRADE CAN BE VALID IF AND ONLY $BTC HAVE A NICE RECOVERY AND IT GETS BACK ON TRACK FOR PURSUIT ITS ATH. HOPEFULLY AT LEAST 1 OF THE 11 ETF PROPOSALS WILL BE APPROVED. THERE ARE CURRENTLY 6 IN REVIEW. TRADE RESPONSIBLY. NOT FINANCIAL ADVICE. IF YOU LIKE THE ANALYSIS DON'T FORGET TO LIKE AND FOLLOW ME FOR MORE CONTENT IN THE CRYPTOSPACE.
BITSTAMP:ETHUSDLong
by knownasJK