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Bitcoinusdt

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
BTC Has moved as predicted (with minor differences) Losing the price of 41,500 could be a wake-up call for traders (not holders) In general, I think after Pullback, it can still continue its upward trend In my mind, there is no news worse than the news of China and the words of Ilan Musk . If bitcoin were to fall, it would be trading at much lower prices now. In the event that Demand for bitcoin increased last week. Also, the number of wallets from one bitcoin to 10 bitcoins is increasing sharply Hoping for good days
by javid67
2
I Think Bitcoin Will Maintain Its Support ZoneBINANCE:BTCUSDT I think that Bitcoin will maintain the support area, and return to test the forty thousand levels, and if it fails again to break it, there is a possibility of a violent decline, and if it can break it, it will be a strong rise to the top, but now I do not see from my point of view a violent decline. I am thinking of buying when there is a false break of the support area shown in the chart This is not investment advice, but rather a personal analysis. Do your research before trading or investing Check My Previous analysis about BITCOIN it's intrested I wish good luck to everybody
Long
by SCALPOO
6
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 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