Bitcoin Forum

In this topic, we plan to give forecasts and analytics on crypto assets and not only. Comment and ask questions about the predictions you would like to consider.
Today we will look at the ETH / USDT pair
Ethereum, globally, is still in a growing channel. Quite large volumes for sale are noticeable, this suggests that some of the holders of this coin have already decided on their choice and sold the asset. Ethereum 2.0 still fuels the expectations of market participants and they hold their positions, hoping for continued growth.
Anyone who doubts the further growth of the asset, you can fix a part of the profit and wait for a more interesting entry point.
If we talk about prices, then we can clearly see the resistance at 600-620 USD, the approximate movement of the asset is shown on the chart.

http://i.piccy.info/i9/3df2bd1a96f281a755f36062c2228602/1606923642/224708/1399882/Snymok_ekrana_2020_12_02_v_14_43_31.jpg

BTC/USD  07.12.20

http://i.piccy.info/i9/76f13e9cc5140af995d451a0b6002fa0/1607338223/227875/1399882/Snymok_ekrana_2020_12_07_v_12_45_31.jpg

For those who want to buy Bitcoin , there is no urgency in buying yet, it is locked in a wedge . According to technical analysis , we should break through the 20,000 price and go up, since BTC is still in an upward channel, but what is obvious is not always true in our market. Therefore, for now, it is better to refrain from buying and wait for the development of the situation, this will happen in the coming days and weeks. We can change the channel to a falling one if we break the price of 18,500 USD. If we break through the price of 20,000, then we can think about buying an asset.

If you want to know more about cryptocurrencies or keep abreast of news, use our platform Binaryx.com (https://www.binaryx.com/), here you can not only exchange cryptocurrency, but also trade in our terminal.

First of all, thank you very much for your thorough analysis of Bitcoin and Ethereum, hopefully it will help traders understand the current market situation.
But I want to ask more about Binaryx exchange, can I trade with large volume without KYC? I'm actually pretty sensitive about providing KYC to exchanges because the majority of them use our information to sell and make a profit. Thank you. :)

Good question you have asked and I want to ask if every coin is traded in the platform or it is just selected top coins only. And about the KYC, is it just for large volume or any account will require such process of KYC?

U wellcome!
yes KYC will be required for any account, if it is necessary to withdraw money from the account, you can create deposit and trade without KYC :)

Answered to U above )

plus we plan to launch up to 100 trading pairs in the next 3-5 months

BTC/USD 09.12.20

http://i.piccy.info/i9/9b50bfd15f3022c5c813c6e3400663f6/1607521033/231992/1399882/Snymok_ekrana_2020_12_09_v_12_50_49.jpg

Support for 4H candle, delayed the BTC price, but on the 1H, we have already dropped under it. On the one hand, it may be a small corrective movement, but on the other, the formation of a falling channel. As before, it is better to refrain from buying or selling, the situation is not very clear. Two event options:
- we go to the price of 18 800 and fix above, and then a continuation of a more global growing trend is possible;
- we go even below the current support zone of 18,000 - 18,200 USD and we get a formed falling channel.
Below the price of 18,000 short positions will prevail, so you need to be careful and watch the market.

BTC/USD 14.12.20

BTC will soon come out of the wedge, on the 15-17th, the only question is how this will happen. A flat channel begins to emerge, this is also not bad. If Bitcoin is held in a channel between USD 18,000 and USD 19,000, we will see the rise in altcoins.
It is still not worth opening positions. We are waiting for the development of events.

http://i.piccy.info/i9/7a64030b5948e89f7aef62b229986435/1607948487/213852/1399882/Snymok_ekrana_2020_12_14_v_13_09_38.jpg

indeed for this altcoin, of course, it will be affected by the surge in bitcoin, in the range of $ 18,500 when bitcoin is stable. before even touching this year's ATH.
not only that, I believe what Binaryx does in analysis can almost be close to the truth. although not 100%. However, it will increase members' confidence in Binaryx to stay there.
thanks for the analysis which is quite easy to understand. :)

100 trading pairs, if you do this I think your the first one exchange platform who will do this if I am not mistaken, just correct me if I'm wrong. However, analysis may also give some idea about what is happening now in the price of Bitcoin in the market. With this we can have a signal of when to buy or sell, hold or not isn't that right?

you welcome )

http://i.piccy.info/i9/a36c8ab91ca54716765d8868f4a12921/1608647105/408069/1399882/Snymok_ekrana_2020_12_22_v_16_27_18.png

BTC made an impulse movement and we reached 24,000, in the near future, most likely, we will move between 22,000 and 24,000, as shown in the chart. This will be a lateral corrective movement. As mentioned earlier, for investors, it is necessary to hold positions with a stop below 20,000, for traders, to work from long position. Buying on pullbacks selling at discretion :)

If you want to know more about cryptocurrencies or keep abreast of news, use our platform Binaryx.com (http://Binaryx.com),  here you can not only exchange cryptocurrency, but also trade in our terminal.

Its our plan) will see

BTC/USD 27.12.20

http://i.piccy.info/i9/19b035139ebab81a522c851ba6ca8c5b/1609162486/357403/1399882/Snymok_ekrana_2020_12_28_v_15_40_59.png

Bitcoin has set a good pace. We go through the alphabet, the 5th wave looms. If we break through the previous maximum, then the growing channel will remain and we will follow to 30,000. If the extremum is not exceeded, then, most likely, we will trade in sideway. Long with stops at 25,000 is preferred

BTC/USD 05.01.21

http://i.piccy.info/i9/44f67374dfa444d31c048e155be83122/1609846427/304992/1399882/61365Snymok_ekrana_2021_01_05_v_13_39_57.jpg

Today we will take a look at BTC on a daily chart. We see a second red candlestick, if we see another one or two, this will indicate a possible trend reversal. For those investors who are in BTC, you can keep it with a stop at 25,000. Why is it so low from the current price? Because now there is a trade with a fairly large amplitude. For those who are not in BTC, you can pay attention to some of the altcoins that have not yet given a large enough profit. (TRX, ONT, NULS, etc.) If the situation of 2018 repeats itself, then we will see an explosive rise in altcoins, but for this BTC should not start to fall sharply, it should be in the sideways. A correction awaits us, but it is difficult to understand whether it is horizontal or with a downtrend. You need to wait a bit for the situation to develop.

BTC/USD 07.01.21

http://i.piccy.info/i9/74a2712b93031b24f063a206bbfbc68a/1610018732/290195/1399882/Snymok_ekrana_2021_01_07_v_12_49_25.jpg

There is a likelihood of going to 40,000 to break through the next psychological level, this may happen before January 15-30. (If in numbers, this is about 10% growth)
Trading volumes are decreasing, which means that there are no real buyers today. Usually robots drive the price this way, luring those who expect endless growth. In order to “safely” buy BTC at the current price, we have to trade in the range of 32,000 -34,000 by March 15-30, 2021, this will bring the current price to the average current for the future date.
Accordingly, a correction awaits us, either from the current values, or from mid-end of January. The corrective impulse will reach $ 16,000 - $ 19,000 (the weighted average price of BTC at the current time). With a sharp correction, you can buy BTC in the above range with the aim of selling at 20-25,000. Then there will be oscillations and a decrease in their amplitude. Bitcoin will trade along a horizontal line, this will be the best move for investment purchases for the long term (vertical growth is currently underway).
Let's turn to the history of 2018. On the weekly chart, we saw 5 unidirectional candles on the 6th, a correction has already begun, which amounted to 45% of the maximum price.
Today's growth has already reached 4 equidirectional weekly candles, another two weeks and we should start a correction. Let's take the maximum USD 40,000 in numbers, 45% of the correction is 18,000, that is, the price will reach 22,000 and this can happen in a week (analogue of 2018) The risk of losing part of the capital that exists after the acquisition of BTC is quite large today. For an investor, the current moment is very unfavorable for acquiring BTC in the long term.

BTC/USD 14.01.21

https://i.piccy.info/i9/100323e7866c5f6f4870c5ac58419bec/1610534242/284970/1399882/Snymok_ekrana_2021_01_13_v_12_45_06.jpg

The corrective movement did not reach the support of the trend line at 4 o'clock - this is the area of ​​27,500, so the probability of going to this value remains. I have indicated a triangle in which BTC can be for a while. The amplitude of fluctuations may begin to fade and we will see the limits of 30-36,000.
On the hourly chart, we hit the resistance of 36,000 and start trading under the trend line - this is the second sign of the continuation of the correction after the abnormal price movement on the daily chart.
Those who want to catch the movement, for now, need to focus on the area of ​​the triangle, but if we get out of it, we will build a different picture of the likely development of the situation.

20.01.21 BTC Binaryx. Will BTC stay at the support level ?

http://i.piccy.info/i9/3d734a7d65643ac8e5df069c929a0f97/1611139329/261037/1399882/53836Snymok_ekrana_2021_01_20_v_12_47_04.jpg

We look at our triangle on the watch, we are within its boundaries, and according to the recommendations given in other ideas, we should now purchase it with the aim of selling at 36,000.
Everything will depend on the next candle. If we break through 34,000 and fix under the lower edge of the triangle, we will redraw its possible movement (BTC) and decide to exit the position. So far, we are trading within the previously indicated limits.
For investors, this is not a very profitable position now and it is not necessary to acquire BTC in the long term, since we do not see an obvious growth channel.
For traders, the work in the triangle is still valid.


If you want to know more about cryptocurrencies or keep abreast of news, use our platform Binaryx.com (http://Binaryx.com),  here you can not only exchange cryptocurrency, but also trade in our terminal.

26.01.21 BTC Binaryx. The hike to 28-27,000 remains relevant

http://i.piccy.info/i9/dc0d4431d9134350d37278c35ac0f234/1611670218/307673/1399882/Snymok_ekrana_2021_01_26_v_13_53_09.jpg

After breaking through the triangle, which was indicated by the blue line, we smoothly descend to the purple one. Another line along which we can trade, which means that the downtrend continues, approximately to 28,000. The movement is shown by dots from 1 to 5
Investors shouldn't buy the asset yet. The resumption of growth is possible, but later, we will see it on the charts.
Traders can work with an amplitude of 27-32,000 USD

28.01.21 BTC Binaryx  will soon be wedged

http://i.piccy.info/i9/269bd278e37d2c3d01b7e514a9c37342/1611842343/284863/1399882/Snymok_ekrana_2021_01_28_v_14_42_53.jpg

We have successfully completed the 5th wave from the previous idea. What's next ?
For now, we are still looking towards 28,000, but the price will gradually be squeezed into a wedge formed by a red downtrend and a purple ascending line.
The other day we got Death Cross (the average 50 crossed 200 for 4 hours) This is a general signal for the continued decline in the BTC price, but we also have already formed support lines.
For investors, there is still no point in buying BTC, as we continue to decline. A good price to enter can be a breakout and consolidation of the price above 32,000
For traders, you can focus on trading in the forming wedge.
Also pay attention to altcoins, many of them remain in growing channels and show excellent volatility.

02.02.21 BTC Binaryx

http://i.piccy.info/i9/fb86175beb282ddb9c527c520d0771d7/1612264984/318677/1399882/Snymok_ekrana_2021_02_02_v_13_28_15.jpg

Last week, Elon Musk, with his tweet, brought BTC back to the growing channel. On one hour candle , we have already held on and continue to grow gradually.
Possible movement is displayed in 5 waves. You can look closely at the longs. The pivot point is below the level of 32500. A stop can be placed below this value.

08.02.21 BTC Binaryx

http://i.piccy.info/i9/f0b0b36f8e3f5117004be999712fbaa5/1612780894/301360/1399882/Snymok_ekrana_2021_02_08_v_12_47_48.jpg

On hour candle, we continue to move in the growing channel. The future, possible, movement is indicated by waves 1-5. But there is a moment: divergence is traced on the daily chart, therefore, it is necessary to enter the long very carefully, with stops under the green trend line.

18.02.21 BTC Binaryx

http://i.piccy.info/i9/43811564a7cd1e1713791d8562c8f887/1613650198/250162/1399882/Snymok_ekrana_2021_02_18_v_16_07_07.jpg

BTC broke through 50,000 and it looks like it decided to gain a foothold above this value. So far, we are seeing long positions and continued growth. Approximate movement is shown by waves from 0 to 5 points. If the green support line is broken, we will go down to the blue, but this will be a local correction. It is better to hold positions and open stops at the level of 47-49,000

26.02.21 BTC Binaryx

http://i.piccy.info/i9/5e7f52c3aadf81b77dd2cc5c6f461d2f/1614349355/309762/1399882/Snymok_ekrana_2021_02_26_v_12_36_49.jpg

Today we will look at the 4h chart. BTC will soon be wedged between the hourly descending SMA and the 4h ascending SMA.
The correction of the last few days has been for medium SMA. Now you can take a short-term long with an exit of about 50,000. Stops should be around 43,000
We will be able to talk about the resumption of growth only after breaking down the directed red line. For those who want to trade, we focus, as usual, on 5 Elliott waves.

02.03.21 BTC Binaryx

http://i.piccy.info/i9/517859f0c2f117df2b06240bf46d5192/1614682699/280788/1399882/Snymok_ekrana_2021_03_02_v_12_33_16.jpg

From the previous idea, we missed one correction point. Hike to 46,000. While it’s a little early to say that we will go beyond the price level of 50,000, I am still inclined to believe that there should still be a slight correction and then consolidation. The situation can be corrected by another Mask's tweet and a hike with one candle higher than 50 000. But from the point of view of technical analysis, now the sideways movement and price fixing higher than 46 000 during the week are more suitable. After that, you can talk about longs. The position, so far, is neutral. It is advisable to observe the market.

04.03.21 BTC Binaryx
http://i.piccy.info/i9/93211e90a4021eca588ae5ab8e807e0e/1614861565/289611/1399882/Snymok_ekrana_2021_03_04_v_13_59_44.jpg

Let's continue our idea on the one hour candle. We have come out of the wedge and are gradually starting to form a growing channel. Trading range in the coming days according to technical analysis 49 -53,000 USD
if we go beyond this amplitude, we will redraw the development scheme.

09.03.21 BTC Binaryx

http://i.piccy.info/i9/50d611602a4bdabbee68f41615865cc9/1615303898/305832/1399882/Snymok_ekrana_2021_03_09_v_15_04_57.jpg


We have worked out the previous idea and now we have to form a new one!
BTC is set to continue to grow and we are now continuing to move in a growing channel. The waves and points that Bitcoin should affect are also drawn. We will see resistance at the previous extreme. For now, we adhere to trading from Long positions.

12.03.21 BTC Binaryx

http://i.piccy.info/i9/05c379a44ad6137146f71a529c990b6c/1615549476/296550/1399882/78321Snymok_ekrana_2021_03_12_v_12_34_33.jpg

BTC is in no hurry with explicit adjustments. From the previous idea, we determined the resistance in the zone of 56-58,000 USD
Now it can be clearly seen on the graph. The zone of resistance is indicated by a horizontal line and a point X
At 4h we form a triangle, which with 80% probability will be broken and we will fix above the specified line. So far, Long positions are priority. we will look further. If the diagonal support line is broken, we will redraw the possible movement.

15.03.21 BTC Binaryx

http://i.piccy.info/i9/a0f25e5de8e5a28b9fc83b1b0afafca8/1615823270/274378/1399882/Snymok_ekrana_2021_03_15_v_16_51_27.jpg

The previous idea was worked out a day later :) BTC corrected and it is now held by the average SMA for 1 hour. If we talk about a long position, then it will be necessary to sell up to 59,000 USD. Globally, we are still in a growing channel. Shorts are dangerous. This price movement can be considered a local correction; sagging alts will also be good to pick up in order to sell with a 10% -15% profit.
Investors can hold positions further.

18.03.21 BTC Binaryx

http://i.piccy.info/i9/530bca3662e6f84bbe407b707e82911e/1616059365/285649/1399882/Snymok_ekrana_2021_03_18_v_11_24_41.jpg

We are already very close to the upper resistance at 60,000. The triangle is narrowing and a breakdown should take place soon. Long positions are now in priority. Possible fluctuations are indicated by waves. If we break through the support or resistance levels, redraw it.
Happy trades everyone!

22.03.21 BTC Binaryx

http://i.piccy.info/i9/2536d900e9a8c82d0b80ede43da8ea33/1616408394/306004/1399882/Snymok_ekrana_2021_03_22_v_12_10_11.jpg

The triangle continues to narrow and an exit will occur soon. According to technical analysis, we continue to move in an uptrend, therefore, trades from Long remain the priority. If you want to consider some more coins, write in the comments and we will consider.

22.03.21 BTC Binaryx

http://i.piccy.info/i9/95dd8a28643f7d9e873612a02613a2ea/1616586679/278918/1399882/Snymok_ekrana_2021_03_24_v_13_58_58.jpg

Today we will look at the 4 hour timeframe. In this time frame, we are still in a growing channel. Another post by Musk warmed up the market and we got a rebound after the correction. To continue to grow and break through the level of 60,000, we need to gain a foothold above 57,000 USD.
On a shorter time frame (1-2 hours), we are below 100 SMA, which means that we will face a small local correction. Overall, it looks like BTC is slowing down and suggesting a flat, but we'll see that a little later. For now, it is better to watch the market and the breakout of certain levels. Approximate movement is shown by 5 waves. While BTC is in an uncertain position, one can take a closer look at the growing altas.

26.03.21 BTC Binaryx

http://i.piccy.info/i9/3440154efb57641a4f01247bcb32941e/1616750702/307221/1399882/Snymok_ekrana_2021_03_26_v_11_22_37.jpg

Hello everyone! We reached the 4th point, a little not as expected, but we reached it. We don't think we will be able to reach the current 5 on this pullback. Most likely, we will again go down to the level of 52,000, but this is still a short-term forecast. We will talk about growth after breaking through 54,000. Now there will be either a set of positions for the next impulse, or we will flat. Long should be taken after breaking the downward diagonal resistance line. For now, it is better to be out of the market or be limited to a trading range of 51-55,000.

29.03.21 BTC Binaryx

http://i.piccy.info/i9/4ca8dc56e20fe88ff431e65a83c04754/1617014692/307638/1423062/46492Snymok_ekrana_2021_03_29_v_13_52_40.jpg

Hello everyone. Now we are considering the hourly chart. We have broken through the descending resistance line (marked in red) and will fix above it. There is no point in opening a short position, since we are in a growing channel at 4 time candle and on the current chart.
Local corrections are possible, which are indicated by 5 waves. Day trading in the 55 zone - 60,000 USD.

31.03.21 BTC Binaryx

http://i.piccy.info/i9/38a268358429021f4cfbcc76addb3cb1/1617189458/282284/1423062/Snymok_ekrana_2021_03_31_v_14_18_59.jpg

Hello everyone. We worked out our 5 waves and stopped in the zone of the resistance line around 60,000 USD
We can test the support at 56,000 again and if we hold out, then we will break through the 60,000 - 62,000 zone. This is a strong resistance zone, breaking through which we will go to 68,000. So far, long
If we do not hold 56,000, we will revise the schedule. Since there BTC will be under 200 MA

02.04.21 BTC Binaryx

http://i.piccy.info/i9/818ff2dd4615348bf7b32a35539395c8/1617356281/266709/1423062/Snymok_ekrana_2021_04_02_v_12_43_15.jpg

Hello everyone! On the one candle timeframe, we see a clearly pronounced price growth channel. There is no particular overbought, plus we have already passed the retracement level. We will continue to grow today. Since today is Friday and there is no special activity at the weekend, we can switch to flat.
The approximate price movement is shown, as always, in 5 waves. Levels. support and resistance are shown with green diagonal lines.

06.04.21 BTC Binaryx

http://i.piccy.info/i9/c42665fd9fc0ea5b22cafddc6576f3c7/1617615518/267441/1423062/49984Snymok_ekrana_2021_04_05_v_12_25_24.jpg

Today we will consider 4 hours in order to take a broader look at the picture of the asset's movement.
Once again, we have come to the 60,000 zones and cannot break through it. On the one hand, we have a consolidation, on the other, we get a narrowing triangle. We see horizontal movement and a working range of 56,000 -60,000.
From the previous idea, we worked out the second part of the forecast - sideways movement. They did not reach the 5th point (the end of the 5th wave), they failed to break through 60,000.
We are observing, so far, neutral. There is no pronounced focus.

07.04.21 BTC Binaryx

http://i.piccy.info/i9/2c2e72ddf3773b0c061175807e9fd3d7/1617791247/289784/1423062/Snymok_ekrana_2021_04_07_v_13_32_20.jpg

Hello everyone, we continue to move sideways. It looks like we are forming a future support zone at 60,000. There are no big sell volumes now, and we are also supported by an upward 200 SMA for 4h. We continue to observe, so far, there is no clearly pronounced trend in BTC. Investors can continue to hold, traders need to use the 56,000 - 60,000 range to make trades.

09.04.21 BTC Binaryx

http://i.piccy.info/i9/ad6da81d74cc933a1769cdcef740e1a4/1617964600/278452/1423062/Snymok_ekrana_2021_04_09_v_13_41_58.jpg

Hello everyone, from several previous ideas, we have determined a flat for BTC. So far, the trend continues. We passed all points except the second. Judging by the fact that we have just broken the 200 SMA resistance on the 1 hour candles, the priority of longs prevails.
For trading, you can use the same range, but for now it is better to just hold BTC so as not to accidentally miss a possible breakdown of 60,000 USD.