Bitcoin heading to break 54000 as resistance levelFrom the chart Bitcoin heading to break 54000 as new resistance level , to continue uptrend BTC should trade above 47000 as support level .
Be careful traders .. and good luck .. cheers !!
This is for educational analysis not financial advice , and you need to do your own research.
Bitcoinusdt
BTCFirst scenario (very weak):
It rises above the broken trend line and continues to grow after stabilization.
Scenario 2 (probable and strong):
Completing the pullback to the trend line is broken
In the short term, it appears to be between $ 41,500 and $ 43,000 at worst (repurchase season)
The overall bitcoin trend is still bullish due to the Ichimoku cloud, and this correction will be short-term
BTCUSD (4hr)BTC has found support around $47k, price action looking similar to the previous touch of the ascending trend line where support was found at $44k (19th August), before price bounced and moved up to the $50k level. If we are able to replicate such a bounce off the trend line again, we could reach the 0.702 level of $54k, approx 12% gain from current price.
RSI has also reset on the 4hr chart (around the same level as it was during the previous touch of trend line)
BTC final sceneOne of the best scenarios of BTC is to first give an opportunity to buy in area A. then to rise to area B, probably with a sharp and sentimental movement. and then to start a longer consolidation to the support area C.
This chain of actions is a very "easy to manage" scenario for professional traders. but keep in mind that being easy doesn't mean that making mistakes can't hurt you bad. it's a high risk-high reward area. you should be professional to succeed.
don't forget to comment
BTC Sell a break.Bitcoin - Intraday - We look to Sell a break of 49868 (stop at 50555)
Daily signals for sentiment are at overbought extremes. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Bearish divergence is expected to cap gains.
A higher correction is expected.
20 1hour EMA is at 45600.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 47826 and 47226
Resistance: 50500 / 51500 / 52000
Support: 50000 / 49400 / 48200
A BITCOIN CONTRARIAN CLUB1. Sometimes be a contrarian against speculation and sentiments provide a great moves.
2. Most of the time, both 'This time is same' and 'this time is different' were bad decision-making sources.
3. US Dollars index seems creating a reversal, same as end of 2017 = people are hedging their assets into US Dollars.
4. Stocks(S&P) is on bubbling, while transportation(DJTA) is on diverges. Will our economy to the moon without space rocket?
5. Do institutions or countries getting financial advise from their best financial analyst to FOMO into bitcoin at 'high price'?
6. Do retailers/stocks traders really need to hedge their assets into the high volatile asset class during economy corrections only because of the supply squeezes on-chain?
In longer term, i believes everyone read this are bullish on bitcoin including me.
Lets put whats do you think in comment below.
BTC/USDT Correction in the NEAR Future....BTC/USDT has been in a downward channel that has recently pushed 64.65% hitting the current supply....
A correction is incoming and has failed to break the current supply. Once BTC breaks below my current trendline and retests this would be a great time to start finding short opportunities.
The first demand level is between $41495-$39450 if price falls below I have listed out the other three demand zones.
Always take profit when entering a demand zone good rule of thumb is the 25/50/75/100 rule!
As always look for high volume plays and strong price action before entering a trade.
Comment if you have any questions or if you agree/disagree!
This is not financial advice trade at your own risk.
BTC Sell the trend of lower highs.Bitcoin - Intraday - We look to Sell at 47588 (stop at 48404)
Daily signals for sentiment are at overbought extremes.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
Pivot resistance is at 48190.
Trend line resistance is located at 47600.
Preferred trade is to sell into rallies.
Our profit targets will be 45304 and 44704
Resistance: 47800 / 48200 / 49000
Support: 46500 / 45500 / 45000
BITCOIN PUMP IS HERE !!!We've got a revolution in the crypto market due to Bitcoin. So, holders are going to keep Bitcoin to see the price of 100000$. But some people may prefer to do profit trades by some signals in a short time. Like & Share if you agree. I'm eager to see your comments and valuable ideas asap.