Bitcoin (BTC) analysis thread

[Farm Yard Forex]

$20k is closer :-o

Fill your boots time if it gets that low!

 

[momo3HC]

$20k is closer :-o

By pure price yes, but by possibility... not so.

 

[pezza55]

By pure price yes, but by possibility... not so.

how is the Bitcoin Charts looking these days with the dip that we have seen and where we are at with all the halflings and things like that would be great to see 1 of your chart updates and ideas thanks.

 

[momo3HC]

how is the Bitcoin Charts looking these days with the dip that we have seen and where we are at with all the halflings and things like that would be great to see 1 of your chart updates and ideas thanks.

The charts are a bit tricky lately. I`m looking more into on chain data and it`s very positive.

 

[IceThor]

No analysis for a while?

 

[pezza55]

Diptember
Pumptober
Paravember
Mooncember
😉

so what about Jan Feb March and going in to April? still cant see any clear direction on BTC at the moment and going forward could as easily fall to the floor!

 

[Smith2525]

Jamberry blood
FUDuary
Starch March
Apethrill
Mayday mayday
MoonJune
CryJuly

 

[LuckyMac]

Finally a break out to the upside side. We have some nice areas to target for a push up so when it gets to having a higher high and another lower high im going to take a position i think

 

[LuckyMac]

Yes mate the next true bull run has begun I believe, bottom is found and over

A nice summer bull run would be ideal. That should pull all alt coins with it in due course too hopefully 🙂

 

[steveday76]

I have a good feeling that bitcoin is going to rise quite a bit in April.

 

[sharabela]

BTC has been bullish again. The price made two bullish breakout in the daily chart. The horizontal level of support may hold the price and push it towards the North. I am eyeing to go long in BTC as well.

 

[IceThor]

The charts are a bit tricky lately. I`m looking more into on chain data and it`s very positive.

anything yet?

 

[LuckyMac]

A small bit of consolidation. It is still very bullish on the HTF so happy to see it going higher

 

[momo3HC]

Hi all.

Long time no see but there’s plenty of reasons for this. First of all there’s no major change in my TA view because I’m looking only in long term BTC perspectives. Secondly I’m really busy. But… these days I’m setting some new hardware, getting it ready for work and while I was looking at the newly added funtionality at TradingView I’ve found something really interesting which I can`t miss to share with you.

Just look at the chart below. It`s a 1D BTC chart with a perfect Elliott Wave (EW) price action. If you don’t know what Elliott Wave is you can see it here -> https://www.liberatedstocktrader.com/elliott-wave-theory-principle-examples-stock-market/. In short - Bitcoin is not in a bear market, neither we saw it`s top for this cycle yet.

The future projection (the blue line) is purely indicative. It’s based on the previous EW cycle which is good starting point for the next one and may be the next ATH.

That’s it for now. Think good about it. Soon I’ll try to look more deeper into charts to see what we can find more there to see more clearly the BTC presumable future moves.

 

[steveday76]

Thanks for the update, not too much happening at the moment.

 

[RachelFX]

Very quiet on Bitcoin, makes me think we ae in for a big impulse one way o the other soon.

 

[RachelFX]

An ugly bearish it was! 30k is the next stop i think.

 

[Chart_Hopper]

I really fancy 20k to complete the sell model before we see a bullish cycle return.

 

[Chart_Hopper]

Reacted off 30k for now but still think it'll break it and take out those lows

 

[RachelFX]

Reacted off 30k for now but still think it'll break it and take out those lows

It is sitting on a big support level here with multiple rejections. Not seeing the bullish price action i would want on lower time frames though. Another big drop if this does not hold!