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Bitcoindollar

Bitcoin- New leg down towards 42k?In yesterday's comment, I said that I expect a dive under 50k and a new leg up and at least I was right with the first part. Bitcoin took a dive to my buy zone and reversed strongly afterward. This reversal was stoped by the 55k strong confluence resistance and the main crypto is starting to roll back down at the time of writing. From the technical point of view, BtcUsd si under confluence resistance given by short-term trend line and horizontal support and adds are not in crypto holders favor. In my opinion rallies towards 55k should be sold with a target of around 42 previous ATH. For a bullish perspective, bitcoin needs to pass above 55k AND STAY THERE!
BITSTAMP:BTCUSDShort
by Mihai_Iacob
22
Bitcoin on a divergence = inter Wave 5 of main 3Bitcoin is printing a divergence on the RSI which coincide with a Wave 5. People should stay awake and buy with precaution cos next wave 4 can bring us back to 35k !! We are currently riding the yellow line on W5. Next W4 will be another great opportunity for Market Makers to grab some tesla liquidity :-) and play Altcoins which they love.. especially AAVE and Elrond ahahaha! Here are intermediate Wave 5 of Main Wave 3... possible targets : -50467$-------161.8% -57647$ ------200% -71488$ ------261.8% Here are some targets for retracement of Main Wave 4 (Green line). -38047-------0.3% -34624-------0.382% -29698$------0.5% -24772$------0.618% For the rest i will update the chart when we will have our intermediate W5. Best you you, and be careful... $USD is coming near a big support and can breakout of this fallen wedge anytime. Thanks for you support. Crypto Mercy !
COINBASE:BTCUSDLong
by Crypto_Mercy
5
BITCOIN: A trend CORRECTION up to 34k!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : BITCOIN/USD ⚪ Technical Analysis : On the 27th of January 2021, the price got a strong rejection on the level at about 30.000, that pushed it up with a clear bullish impulse, breaking through the S/R zone at about 34k, reaching an interesting strong resistance zone at about 39k, level that rejected the price many times since the beginning of January 2021. It has just re-tested the same level and the next price action will be essential to understand the next market movement. My previous analysis: 🔴 Conclusion : The price is re-testing many times the level between 38k and 39k, without breaking it. It previously got a strong bullish impulse and I'm confident to see now a possible trend correction until the support zone at 34.5k. That would be a short term trade but honestly, I'll be waiting for the price to reach the level 34.5k, before planning a long position that I'll update soon! Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
BITSTAMP:BTCUSDShort
by FXtrades-gp
36
Bitcoin: great trade coming soon!Hello everyone, everything is very interesting in Bitcoin, we form a bullish wedge on 1D TF, which means that in most cases such a figure breaks up, in case of such an outcome, we will see a big upward movement, almost to our historical High! To do this, we need to tighten up to the upper dynamic line, break through it and hold above. The blue lines indicate purchases from which I personally work. If the correction continues, I am ready to buy everything back + trade between the blue lines. Sales are indicated in red. Knowing Bitcoin, a false exit in one direction is possible, as well as rejection and going the other way, so be careful and trade understandable movements! Where do you think we will go in the near future? And thank you so much for your support, so I will come up with even more useful ideas! We got out of this wedge +15% profit
Long
by ilyasolloway
4