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Bitcoindollar

Bitcoin At Critical 200 Day Moving Average!Bitcoin is now testing the all important 200 day simple moving average (SMA). After bottoming out at slightly below 30K, Bitcoin has mounted an astonishing rally of over 50%, having broken the 200 day exponential moving average at 40K and the horizontal resistance zone of 42-43K to hit a high of 45K. The only major level to break now is the 200 day simple moving average, which will indicate that the bull run is back. If price is able to break above the 200SMA, then the only level standing in the right of all time high is the 61.8 Fib retracement at 51K. If price fails to break the 200SMA, then we have the 200EMA at 40K to provide support. It's possible that price can bounce within this range for a bit before making a decision on whether to break up or break down.
by cryptotraderog
10
BTCUSD: Impending 5% up moveBTCUSD has been in consolidation for about 2 months. The recent surge might have shown some signs that the down trend is over. However, I think it's still too early to say so. At the 4H chart there's a H&S pattern. Nonetheless, price bounced off strongly at the neckline. And now there's a build up/ consolidation which is a sign of an impending up move..about 2000-2500 points i.e 5%. The overhead resistance at around 42,500 remains a threat. Trade cautiously! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
BYBIT:BTCUSD.PLong
by leslieyimsm
Bitcoin Potential Bounce at 200MAs NOW?! OR time to Short?Bitcoin is currently testing the 200MAs at 39.1K, and we are seeing some defense from the bulls. If we can see some more volume come in along with a strong bullish candle, could be a sign of a possible bounce from this support area. Might be a good place for a long if we can get volume and price action confirmation. Keep an eye on this one. That said, if price fails to bounce strongly here and starts to bleed lower, then we could see a larger leg down, especially if price breaks below the 200MAs zone of 38.7K. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
3
Bitcoin Hidden Div H4 Quick and simple Tuto to show you how to Scalp an Hidden Divergence using EMAs + RSI. Timeframe is 4H. - This Trading setup is only viable when you notice that the trend is making " Higher High " and indicators are making " Lower Low ". - Buy Zones should be placed in 3 points - First Buy should be the weaker one and the most dangerous, then you should add only a partial amount of money. - Second Buy should be a medium buy amount of money, medium danger zone. - Last Buy should cover the first and second buy to cover at least 50% of your lose, Good support zone. - i didn't set any Take Profit on this graph, you have to manage your % and greedy dark side on a H4 Fast Scalp. Everything is in Graph, Stay safe and always set your Stop Loss. Happy Tr4Ding !
Long
by thecryer
4
BITCOIN: 40K Rejected for now?BTCUSDT has a pretty bearish scenario overhead with the weekly support in the thick grey lines and the Ichimoku cloud. Volume is also not looking pretty good as it continues a downtrend since mid April, with a substantial loss since the january levels (marked with the horizontal line). Based on all this, we will probably experience a drop towards mid or even lower levels of this range 29K to 42K, considering how many times support has been hit, it could also breakdown. I advise caution to all traders. RISK MANAGEMENT IS KEY AS ALWAYS.
BITSTAMP:BTCUSDShort
by CryptoEstratega
BITCOIN: Stuck before Pullback?BTCUSDT is currently just below the weekly resistance. A pullback is still quite probable but, we are also quite bullish with a pretty strong uptrend, as shown by the nearly vertical pump from the last time we pushed above the 180 EMA. The strength of this uptrend can be seen in the amount of space between the candlesticks and the 180 EMA, weaker trends usually bounce quite closely to the EMA as they move. For example, the previous downtrend was quite closer to the 180 EMA. On the other side, we are at resistance, with a bearish divergence on the volume, we can see that while the difference in volume is quite small, we should be having more volume as the price pushes higher. Based on all this, I'm leaning towards a possible pullback towards the 4HR support, maybe even a false breakout with some wicks above 42K before it traps longs and pushes price lower. Please be cautious. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
by CryptoEstratega
BITCOIN: Expecting a PullbackBTCUSDT is at a weekly resistance level from 39K to 42K. We also have the Ichimoku cloud just above us, adding more strength to that resistance level. On the bullish side, we have increased volume against the resistance, which could mean a possible build-up before a breakout, also we are just above180 EMA, if the EMA holds as support it could lead to a structure forming against the resistance. Considering all this, I think we might still get a pullback towards the mid part of the range 36K to 34K. But a breakout is not at all discarded so I will be keeping an eye for that. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Short
by CryptoEstratega
BTC parabolic curve bull dream? Straight to 42K+In my latest Idea 💡I pointed out that you should pay attention to this new pattern BTC is forming(idea got taken down because of advertising without being a pro member, I'll post the idea's text below): Even if there is a low chance of this Extremely bullish parabolic curve: 1️⃣ Half of the pattern is already formed, it's a classical start for parabolic curve patterns 2️⃣ If the pattern forms, it would lead BTC to $40K almost immediately 🔥 3️⃣ Once the hypothetical step 4 of the pattern is reached, a significant( about 1/3 of the dimension of the curve) drop is expected. But after that, there is usually a prevalent uptrend 🚀 Definitely keeping an eye on this. If the pattern forms, be ready to fly 🧑‍🚀 Now after a bit, step 3️⃣ has formed 🔥. It now seems more and more real that the curve will form 📚. If the pattern forms, this is what will happen: 1️⃣ Step 4️⃣ will form, leading to another small Bull Run📗 2️⃣ A small(1/3 or 1/4 of the curve) downtrend will follow 📕 3️⃣ After the dump, prices will rise again 📈 Soon I'll post a medium/long term in-depth analysis about the current stage of BTC , stay tuned 👀
COINBASE:BTCUSDLong
by tdep
BITCOIN: 39K The real resistance?BTCUSDT is below 40K again, but while many think that 40K is the toughtest resistance so far, I'm starting to think the low 39K's are the real resistance. The last weekly candle that closed above 40K was in MAY THE 3RD. Not only that but volume is actually lower than the last time we closed the weekly so close to 40K. The hull suite trend indicator (the big green and red wave) shows we are still on a downtrend on the weekly. Based on this, if volume does not start to pick up and we get some momentum, price will probably bounce down from 39K again. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING
by CryptoEstratega
BITCOIN Symmetrical Triangle Ready For BREAKOUT!! 42.5K OR 38K?!In yesterday's post, I mentioned that Bitcoin was forming a diamond pattern. That pattern, however, never played out as we did not have a strong confirmed breakout either to the upside or the downside. That diamond pattern has morphed into more of a symmetrical triangle pattern, and one that is getting close to the apex, meaning that it is getting close to a breakout (Of course, just as with the diamond pattern, we will be waiting for a confirmed breakout to trade and if there is no confirmed breakout, we won't put in a trade, and will indeed monitor to see what new market structure or trade pattern forms). Bullish Scenario: If price breaks the triangle to the upside, then the target would be the range high of 42.5K. It will then be very interesting to see if price can break through that or get rejected for a strong correction. Bearish Scenario: If price breaks the triangle to the downside, then the target would be around 37.7K, and we would get close to the 200MAs on the 1H TF, which could be a place for price to bounce. If we get to 37.7K and hold at the 200MAs, then that could be the higher low needed for another large move up to break 42.5K range high. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
by cryptotraderog
2
Which Bitcoin Moving Average Do You Trust?Closed out my previous long from last idea, got chopped a bit after and now am not sure what to do. I told myself if the market gets over EMA200 Daily im all in but it happened so fast hah. The RSI hasnt been higher then when bitcoin was at 60K.......Its stuck between EMA200 and MA100. Way outside Bollenger bands and at heavy horizontal resistance. Almost broke through ICH cloud. Just feel like this is an epic bull trap but also do not want to be left chasing the market. Not advise just archiving thoughts.
COINBASE:BTCUSD
by A5gamakatsu
Bullish signsHello, finally there are bullish signs in macro MACD and RSI Golden cross reversal if plays out can hit us to 50k usd We just need VOLUMES, it depends on Crypto Influencers if they can creat it with their fake news similar as latest Amazon fake news If retails gonna gets fool so you have opportunity to dump your bag on suckers I think that will be the Dead cat bounce for late sellers to exit from the Ponzi. We are in a tricky phase, excessive fomo and hype can costs so much in this situation. Goodluck
BLong
by BizzarTrading
Daily Bitcoin review: 8 Green candles in a row, whats next?**Welcome to daily Bitcoin analysis** Alright so Amazon accepting crypto news has helped Bitcoin surge to $40K, on Binance futures it even spiked to $48K. I personally have a small position open from $32,300 and I was waiting for some pullback that didn't happen, and it's usually the case with bitcoin. You always don't get what you want. I am still in no rush to add to my position and will wait for a pullback before adding more to my position. I believe we will see Bitcoin going to test 200DMA and maybe even higher to $48K where Biance future spiked on 26th July. I hardly use any indicators but OBV is my favourite and if you understand how to use it then more often than not OBV will give you buy signals before you see it on the price charts. So Bitcoin OBV on daily now clearly showing signs of recovery and break of resistance. When it happens along with the price is usually is a good sign for bulls. The fear index is completely bottomed out, so the market may have started leaning towards greed, so little correction and profit booking is expected here. Those who are waiting to enter, please wait for some pull back, always buy on the red candle and on support. We can see a pullback towards $35K to $36K and those will be good levels to buy. Hope this helps. Happy trading!
BITSTAMP:BTCUSD
by Trading_Cipher
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins. What to do? When to buy? When to sell? I get questions like this in my personal messages every day! Let's figure out what to do. The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins. The price has now entered a zone where the fate of all altcoins will be decided. Bitcoin dominance - 2 scenarios: a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell. b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
19