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BTC/USDT (16k Strong Resistance)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin rally must be over for now at least -As the price found resistance at 16k dollars -BTC retraced almost to the 0.5 Fib level -We can see a long wick rejecting the price -If 14.6k-15.9k is the potential range trading -Expect high volatility in the market -Please don't use high leverage A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
8
BTC/USD (Rejected 200MA? > Retest 10k strong support?)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin rejected at 200M dynamic resistance -Plus the old support turned new resistance today -If we can see follow-through by the Bears -BTC is likely to retest previous support at 10.1k range -Currently on the short term, Bears have access in the market -Let's wait and see how BTC will react at low 10k strong support `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
21
BITCOIN Everything between 10.5k and 9k is a buying opportunity.Hello, everyone. So everything in the highlighted range is a buying opportunity as the past has showed before. However we're at the bottom part at the range right now, and we could we the price go lower to 9.3k or so, and it looks more probable than not at this point. However if we were to look at the grand scheme of things whether you buy in at 10k or 9k DOES NOT make any difference in the long run. So if you're interrested in BTC and the whole crypto space now is the time (If you haven't already) to buy everything you're interrested in and put it away for 18 months for so... Which for investing is a such a term that it just silly. Yet with the volatility that bitcoin has. Most will never hold through this period. So if you have shaky hands and want to play around, waiting for a buying opportunity at about thousand bucks lower would make it worthwhile. However it is not guaranted. This is what a long term perspective looks like This perspective has pretty much stayed the same for me since the peak in 2017, when everyone was calling the bottom @ 6k, i've been saying 3k is where the target was. You can see it here: You can also check out my latest Bitcoin ideas which have been spot on. But if you want to really understand what going on, some macro framework is needed, that why from time to time I also check out Stocks, Dollar, Gold etc.
BNC:BLXLong
by MedianLineAnalysis
4
BTC/USD (Temporary Bottom? Potential Double Bottom?)BITSTAMP: BTCUSD -After the massive sell-off recently, BTC might temporarily found a support -The 10k area is now acting as a strong Buy zone after we saw a double retest -We can see a Bullish candle together with a big green volume -The RSI is showing a little divergence on the 1hr time frame -Bitcoin might be ready to test the downward trendline resistance -This is a sign of a temporary halt on the selling pressure in the short term -It is too early to confirm a trend reversal so, please -Be cautious, use stop-loss in all trade, and plan accordingly
BITSTAMP:BTCUSD
by PolarHusk
4
BTC/USD (Bull Trap? Sideways Trading?)BTC/USD -Bitcoin just had a Bull trap after breaking the recent high at 12.1k -The price slowly dumping down to 11.6k located the trendline support -We can see a Bullish reaction candle on the 1st retest of trendline -BTC is still on an uptrend but a sign of weakness is showing -Though the trendline of support still valid -We still need to be cautious as the price action is making fakeouts -Two possible scenarios for Bitcoin today -First is to consolidate at current market price and try to bounce back up to 12.4k -Second, the price will break the upward trendline support -Price discover in the area of support somewhere in 11.4k range -If the 11.4k area holds, potential bounce reaction up to 12k is possible -I recommend to always put stop-loss in all your trades -Whether BTC goes up or down, Most Altcoins will still suffer
BITSTAMP:BTCUSD
by PolarHusk
2
Bitcoin CME Futures (Warning Bearish RSI?)Bitcoin CME Futures -Today, BTC made another Higher High looking at the 4h time frame -But we need to be more cautious now because of the Bearish RSI divergence -The price is touching the upward trendline resistance -If Bitcoin unable to break above the trendline resistance -It is likely to come down and try to fill the CME gap at 11735-11690 range -Also, the technical pattern is forming a Bearish rising channel -Which has the higher chances of breaking to the downside -Please take note also of the large gap at 9925-9675 range -The good side of BTC moving in a sideways action for the past few days -The Altcoins are gaining strength to move higher or recover from its losses -For now, Altcoins looks to be safe for the next 7 days -Always use proper stop-loss and correct trade size management
CME:BTC1!
by PolarHusk
3
BTC/USD (Short Term Downtrend?)BTC/USD -After the ascending triangle pattern broke out -The price hits the 12k key resistance including the CME gap before 12k -Bitcoin drops and now trading below the upward trendline of support -This is not good in the short term -We can also see a strong sell volume during the blow-off top -The key area I'm watching right now is the 10.3k-10.1k range -Only if BTC will continue dropping and confirm this mini bear flag -Trade wisely, don't over leverage as the volatility is back
BITSTAMP:BTCUSD
by PolarHusk
3
Bitcoin Futures (CME Gap?)Bitcoin CME Futures -After the trendline breakout and support retest last 22nd of July -Bitcoin started its uptrend move to 10400 region -If there is still left in the tank, it might even break the 10.5k resistance -But everyone is currently looking at the CME GAP down to 9.6k area -We all know Bitcoin likes to fill Gaps most of the time -It would also be healthy to have a minor correction before another leg attempt -Let us all look at both scenario if BTC will fill the Gap or move higher -I don't recommend Shorting Bitcoin after a fresh breakout -But instead, look for a good risk to reward trade setups -Warning don't use high leverage because the volatility is back
CME:BTC1!
by PolarHusk
3
BTC/USD (Bulls Won Short Term?)BTC/USD -bitcoin bulls won the short term game today -as the price broke finally above the trendline resistance -also manages to give back above 200MA on 4H timeframe -now, for BTC bulls to continue. They must protect the support at 9200 range -because this level is important in the short term market view -the next level to watch for the upside resistance is between 9600-9800 -let's wait for the daily candle first to see if Bulls can maintain this win -on the other hand, Altcoin will start moving again as BTC will continue longer sideways
BITSTAMP:BTCUSD
by PolarHusk
2
BTC/USD (Another Retest of Key Support?)BTC/USD -Bitcoin just got rejected again by the descending trendline resistance -the price is approaching a key area of support at a 9k-8.8k range -this area of support has been tested 4 times now -if BTC will come back to this zone this will be its 5th retest -bearish side, the more it gets tested, the more the support becomes weaker -we will never know what will happen once the price hits that level again -but one thing is for sure, large move is about to happen -on the good side, if the price consolidates in that region for a few days. -Altcoins will start recovering or break out of their consolidation stage -please always use proper stoploss level, we are at the critical zone of trading already
BITSTAMP:BTCUSD
by PolarHusk
BTC/USD (Potential Bullish Bias Again?)BTC/USD -Bitcoin is starting to break above the descending trendline -if BTC closes the daily candle above 50D MA -this will give a bullish side to the market for the next few days -longer sideways action is also expected -a potential challenge of 10k resistance zone again -during this sideways market again, Alts will start moving faster -well, it is really high-risk trading inside a sideways channel -it is better to look for Altcoins who have broken their consolidation stage -please always use stop loss in your trade -happy trading :)
COINBASE:BTCUSD
by PolarHusk