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Xbtusdt

DISTRIBUTIVEBitcoin looking weak at the moment, imo we are distributing in higher time frame, drowing the first lower highs in months. Bigger picture is still the same, price could go to 20k and this will still be bullish af, and Im still pretty confident on reaching 100k this year, but retraces are necesary for a healty trending market. Imo we could se a 3rd lower high before going lower, my main objectives in chart are 30k area first, followed by 24.5k. Thats the main objective just based on fibbo projection, but if does not hold, next area of interest is around 20k.
Short
by IBRA-
₿TC: Most of the Time Rising Wedge Breaks Downside ➡️ 33KHello Dear Traders, From 2 days btc is struggling hard to cross the supply zone, whenever it tries to cross bears are selling hard. also on daily timeframe btc is trading in symmetrical triangle, today btc made a rising wedge chart pattern on hourly time frame and most of the time it breaks downside. once price breaks lower trendline we can see btc testing 33k. also alts will dump with tht. btc needs a strong health correction to test 50k.
Short
by mbn_global
3
Volume divergence ? or channel ? or pattern ??As you can see there is a high bearish divergence here ... price goes down and bullish volume looks week after every pump ... We were in ascending channel since 20k and we had several touches on 40k and a shadow on 30k ... We have double top and also symmetrical triangle here ... Which one will be the winner of this game ??? This is a side market ... Adx is lower than half, rsi walking on mid line ... We should see ... Personally I thing we are going to see 30k area again ... (We had a H&S pattern .. but it seems market rejected that ...) Good luck, stay safe and dont forget to use SL
by AminHa4
Breakout coming, continuation of bull trend to $46kPennant pattern tells me it's going up from here, and this is based on previous trend analysis and my prediction of the 250k goal in October 2021. As with a lot of breakouts, there may be a fakeout of a dip at first. Fib extension shows around 46.8k on the bull high and 26.6k on the bear low. These are short term targets, of course. Stochastic RSI says trading power is weak, but this is usually an indicator of the end of a pennant in my experience.
KRAKEN:BTCUSDLong
by neuromancer
5
💎BTC : May Test 32k If....Hello Dear Traders, In Todays weekly candle analysis post i mentioned btc is turning bearish and preparing for major healthy correction. after 14 weeks of bullish rally , finally we seen a bearish candle on weekly timeframe. today we can see its impact on lower timeframe, btc started rallying from old demand zone and again we seen strong rejection from supply zone. this is indicating btc is preparing for breakdown from this old demand zone. if btc dumps below 34k then we will surely test 32k area. bears are shorting every rise on btc. right now btc is trading in the supply and demand zones range. soon we will see breakout or breakdown from this tight range. if btc breaks down then alts will also dump, bt it will recover very very fast. next posts are coming on alts which are extremely bullish on weekly time frame. just buy when alts dump due to btc correction.
Short
by mbn_global
6
💎BTC : Again Respected Demand Zone But...Hello Dear Traders, In Last post we discussed a triangle chart pattern in which btc is trading from few days. today again btc corrected and found buying pressure exactly at old demand zone. but on daily time frame btc is bearish. the more btc tests 4hr demand zone, it increases probability to break down. As i marked swing arrows in chart for demonstration how price trades in triangle. its not necessary to happen exactly as marked , whenever price creates Triangle chart pattern upper and lower trendline continuously pressurize price and due to tht price goes in a tight range and after tht we see massive breakout or breakdown. in few hours BTC will close weekly candle, after 8 weeks of bullish rally first time we will see bearish candle on btc, also DXY weekly candle is going to close extremely bullish .this indicates DXY will become strong and other respective currencies will become weak. after weekly candle closing will post analysis of tht.
BITSTAMP:BTCUSD
by mbn_global
💎BTC : This Tringle is Going Play Very Important Role.Hello Dear Traders, in last post i discussed about impact of dxy getting strong, and due to that bitcoin and other forex currency is going into correction. also i mentioned tht btc has strong demand zone at 30-32k area. bt yesterday btc found local demand zone at 34k also lower trendline was giving support. after long time btc is forming a triangle pattern on chart. whenever btc starts trading in triangle we can assume tht for next few days price will be ranging and sideways. this triangle pattern also indicates tht soon btc is going to give a massive triangle breakout or breakdown. Every rise on btc is greeting shorted. if btc breaks lower trendline then we will see btc trading below 30k again. alts are performing very good, coins like dot, avax went 3x. on weekly time frame alts just turned strong green and have great scope to rise.
BITSTAMP:BTCUSD
by mbn_global
3
💎BTC : This Might be Turning Point of BTC Bull RunHello Dear Traders, (Crypto Market Cap : 992 Billion , BTC Dominance:67.9%) As we can see in chart today BTC was continuously dropping with heavy selling pressure. there are 2 reasons for this drop 1) DXY is Pumping hard and Dollar is becoming strong. when ever this type move happens in dxy bitcoin starts correction and tests lower demand zones. right now btc is targeting demand zone of 30-33k, from here we can see recovery in price, if sellers breaks this demand zone then next demand zone will be near 25000$. DXY CHART : 2) also we have a chart pattern called double top, btc made high of 42k zone and rejected hard it was obvious tht whenever price again tests this 40-42k zone we are going to see selling pressure. btc is creating double top chart pattern bt confirmation of pattern will be after daily candle closing. if btc creates double top then we might see 25k soon. also overall crypto market will become quite bearish on higher time frame. In 2 days weekly candle will be closed , if weekly candle closes below 38k then we can say that btc is going for heavy correction. on other side btc dominance is also rapidly decreasing and ALTS are showing very good pumping.
BITSTAMP:BTCUSD
by mbn_global
5
BTC bullish scenarioI know everyone is talking about the possible formation of a head and shoulders pattern ( bearish indicator). However, BTC is starting to show a bit of bullishness as well. Take a look at the downward trend marked with a green line. Then take a look where BTC does a nice little breakout (marked on the chart with an arrow). For this to be a true breakout BTC will have to rise above the horizontal line on the chart. This will effectively negate the right shoulder of the possible head and shoulder pattern. BTC could still go either way. It could follow the head and shoulders pattern. However, there is also the possibility of a rise with this latest break out. Something to keep an eye on.
by MrInvertigo
1
BTC bullish scenarioI know everyone is talking about the possible formation of a head and shoulders pattern (bearish indicator). However, BTC is starting to show a bit of bullishness as well. Take a look at the downward trend marked with a green line. Then take a look where BTC does a nice little breakout (marked on the chart with an arrow). For this to be a true breakout BTC will have to rise above the horizontal line on the chart. This will effectively negate the right shoulder of the possible head and shoulder pattern. BTC could still go either way. It could follow the head and shoulders pattern. However, there is also the possibility of a rise with this latest break out. Something to keep an eye on.
BITSTAMP:BTCUSD
by MrInvertigo
BTC BreakoutBTC has broken out of it's current trading channel and printed a few confirmation candles. Look for another move up. How much? We don't know. That's the thing about price discovery that makes it so exciting. BTC has never been here before and we don't know how it's going to react. We have to look at factors outside the charts. So what do we have in the news? Stability and stimulus out of the US should help the move up for Bitcoin . Institutional investors are still coming in and going strong. Google searches for BTC and Ethereum are now starting to kick in. All in all a lot of bullish signs. Look for a touch back down to the green line and then a rise up along the blue arrow to $44k where the next fibonacci level is located.
Long
by MrInvertigo
1
💎BTC : Fresh Supply and Demand Zones Discovered at 40kHello Dear Traders, In last post we indicated tht price is going to smash all the resistance levels and resume the rally. exactly happened as expected btc went from 33600$ to 40000$. Few Minutes ago while writing the post btc discovered fresh supply zone at 40k zone. and we seen 1500$ dump in smaller timeframe. it indicates huge profit booking and very good amount of SHORT orders are executed at 40k level. if daily candle closes below 40k then in upcoming day we might see btc testing 36400-36900$ Zone. this demand zone is very fresh and i m expecting it will give btc nice bounce. i will be bearish only after very strong trend change on daily and weekly candle until i will suggest buy every dip. bcoz we dont know where this rally is going stop. Please Dont SHORT BTC for scalping or shorterm gains. i m seeing its trapping many traders and they are loosing big. This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC . Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
Long
by mbn_global
2
💡 Is This Start of Most Awaited ALTSEASON ?😄😄😄😄Hello Dear Traders, BTC Tested High of 34700$ Zone , Quickly we are seeing heavy selling pressure. also one thing happing great is dominance is rapidly dropping. todays daily candle of dominance will close strong bearish. and we know all what's next going to happen 😍😍😍😍😍😍😍😍😍😍😍😍😍 Our most awaited 5x-10x rally of ALTSEASON. today ETH Pumped very hard and along with on smaller timeframe ALTS started pumping on btc pairs, to see sustainable rally of alts we must see demand in BTC pairs of alts. if only alt pairs in USDT pumping and alts BTC pairs are stable or declining then we are not in altseason. i m expecting btc dominance will start declining from here and simultaneously ALTS in BTC pairs show continuous rally. in few hours weekly candle will be closed of BTC, after that things will be much clearer. Also remember tht there is CME GAP of approx. 4000$. I have sorted out some ALT coins which are going to pump hard in upcoming weeks, after daily candle closing confirmation i will post tht tomorrow dont miss that. FOLLOW and LIKE US.
CRYPTOCAP:BTC.DShort
by mbn_global
💎BTC : Great Recovery, Important Levels to Cross [5-JAN-2021]Hello Dear Trader, After Massive Dump in BTC, Bulls Took the control again and Price recovered very well. Right now we have 2 important supply zones btc must cross after tht new all time high again. Supply Zone 1 (33500-33900) this is important supply zone for btc , bcoz from here only we seen 7000$ dump, tht means at this supply zone bears are waiting to short sell btc again. so btc must cross this zone with heavy volume to win the battle with bears . Supply Zone 2 (34400-34900$) this supply zone is very fresh bt after rejecting from here btc was trading near this zone for very good time. i dont think so supply zone 2 will be hard to cross. if this supply zone gives selling pressure then btc will create double top and might test again Lower demand zone. ALTS are showing great recovery, will post some good looking alts for investment and swing trading perspective.
Long
by mbn_global
1
BTC bullish breakout 37K on the wayBTC had a lot of bearish fake outs in the last few days. However, BTC never closed a bearish candle below the current pennant pattern. Time has run out and the pennant has closed with Bitcoin above in a bullish scenario. All the dips were quickly bought up by institutions and FOMO in the market. There was also HUGE bullish news by the feds giving permission to the central banks to use BTC and stable coins as a settlement layer in transactions. This essentially integrates Bitcoin into the traditional financial systems. Huge. This will help boost BTC to new highs. Look for $37K in the coming days, circled in yellow on the chart.
Long
by MrInvertigo
3
💎BTC : Why 7000$ DUMP ? Explained Below 👇👇👇[4-JAN-2021]Hello Dear Traders, In last Post We Discussed about freshly Discovered supply and demand zones. our newly discovered supply zone(34200-34600$) worked well and bcoz of tht today we seen massive dump of 7000$ in btc. also i mentioned fresh demand zone(30500-31600$) due to massive selling pressure demand zone was not sustainable and easily broke. bcoz of continuous Parabolic move in BTC, on CME BTC chart there was 2 gaps formed one of the gap is successfully filled with 7000$ dump. and one big gap is still waiting to get filled CME GAP: With Todays dump after so many days Bears indicated there existence in market. Last 2 Days daily candle closed strong bearish and it disturbed BTC bull run. While Writing Idea BTC has found old Demand zone and respecting very well for now. i m expecting next 1-2 days btc might trade sideways near demand zone. once we see any buying opportunity in btc we will immediately update the idea. REMEMBER STILL THERE IS CME GAP WAITING TO GET FILLED This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC . Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
by mbn_global
BTC Pennant and where BTC is headedBTC has formed a pennant pattern and it's currently testing the bottom. If BTC breaks through the bottom, look for it to go as low at 28,300 before finding support. If BTC breaks out of the top of the current pennant pattern look for it to continue trading towards the top of the current trading channel marked on the chart. In the long term BTC is still very bullish. However, we may see a pullback here before continuing to rise. Hodl on dear traders (unless you are a day trader). A pullback is a healthy correction and needs to occur in order to build supporting structure for future movements.
by MrInvertigo
💎BTC : Fresh BUY and SELL Zones [03-JAN-2021]Hello Dear Traders, (Crypto Market Cap : 875 Billion , BTC Dominance:70.9%) As We All Witnessed Massive PUMP in BTC from 30k, This move was really Amazing. Hope u Guys are making Profits. In last post i discussed about a BTC is testing upper trendline of rising wedge pattern. just after publishing idea BTC gave huge breakout from the pattern. i also mentioned tht if btc breaks this trendline then 30k is for sure and things happened as per plan. Today i want to show u newly discovered supply and demand zones for btc. our fresh supply zone is from 34200-34600$ , at this level btc is facing heavy selling pressure. and our newly discovered demand zone is from 30500-31600$ at this level BTC will get demand. and btc may test again 34k. if u are waiting to buy btc then fresh demand zone is area where u can buy btc. ALSO REMEMBER tht BTC has took the shape of Bubble, ANYTIME IT MAY BURST , This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC. Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
Long
by mbn_global