Bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 61,195.24
1st Support: 59,371.23
1st Resistance: 64,371.87
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BTC-USD
BTCUSD: Potential Drop to 55K After Reaching 57KGM crypto bro's, this morning BTC dropped back to the 57K range as I mentioned in yesterday's market update. The Fear and Greed Index also dipped further into the fear zone, dropping to 33 from yesterday’s 39.
The stoch RSI is beginning to move out of the overbought area, and based on today’s price action, there’s another possibility of BTC continuing its decline to the 55K range.
Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 57,892.65
1st Support: 56,602.15
1st Resistance: 61,135.75
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Could Bitcoin reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the overlap support.
Pivot: 59,560.05
1st Support: 56,602.15
1st Resistance: 61,135.75
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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TOTAL3 on the verge of a massive breakoutThe altcoin sentiment is in the gutter, FUD everywhere, everybody is calling for "recession", including the stock market. Perfect conditions to turn the ship around and blast off to new highs and leave sideliners angry.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
Could Bitcoin rise from here?The price has bounced off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 56,525.20
1st Support: 54,778.31
1st Resistance: 59,855.21
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bitcoin has a strong bearish momentum, could it drop further?The price is rising towards the pivot and could drop to the pullback support.
Pivot: 56,076.51
1st Support: 51,311.00
1st Resistance: 57,315.18
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bitcoin (BTC/USD) Analysis – September 5, 2024Bitcoin is currently trading within a downward channel at $56,551, with immediate resistance at $59,329. The 50-day EMA at $58,225 and RSI of 41 suggest bearish momentum. If BTC breaks below $55,573, the next supports are $54,000 and $52,138. Watch for a breakout above $57,445, which could change the trend to bullish. For now, the bias remains bearish under the $57,445 pivot.
Key Levels to Watch:
Resistance: $59,329, $61,192
Support: $55,573, $54,000
Pivot Point: $57,445
Trade Idea:
Bearish below $57,445; a breakout above this could trigger a bullish move.
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards which acts as a pullback support and could bounce to the 1st resistance identified as a pullback resistance.
Pivot: 61,717.33
1st Support: 58,759.07
1st Resistance: 65,375.39
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Potential bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance level which has been identified as a pullback resistance.
Pivot: 56,833.90
1st Support: 56,677.44
1st Resistance: 61,685.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 63,306.68
1st Support: 59,404.42
1st Resistance: 67,571.87
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot and could fall to the 1st support level which is a pullback support.
Pivot: 56,868.43
1st Support: 51,276.67
1st Resistance: 59,440.64
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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LRC, LOOPRING, HOW MANY LOOPRINGS DO YOU THINK SONIC COULD EAT?Something is going on with this coin on the technical side.
There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND.
It looks like it is really close to making a move to the upside.
Somewhere around .8
Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing.
This coin looks incredibly bullish right now.
Things can change fast and if they do it will likely be a break of this trend (green).
The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond.
I'm gonna go with 3684 looprings for sonic.
What even is a loopring?
I'll attach more crypto TA to this idea.
oh and don't follow the guideline, pay more attention to the trends and price zones.
Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 67,019.71
1st Support: 63,519.90
1st Resistance: 69,419.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Could price reverse from here?Bitcoin (BTC/USD) is falling towards the pivot, which has been identified as an overlap support and could reverse to the 1st resistance which is a pullback resistance.
Pivot: 63,359.63
1st Support: 61,477.03
1st Resistance: 65,878.60
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?The Bitcoin )BTC/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 67,443.01
1st Support: 64,367.22
1st Resistance: 69,696.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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Potential bullish rise?Bitcoin (BTC/USD) is currently reacting off the pivot which acts as an overlap support and could rise to the pullback resistance.
Pivot: 65,748.52
1st Support: 63,514.38
1st Resistance: 68,348.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 62,448.15
1st Support: 60,991.38
1st Resistance: 65,758.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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Bitcoin Technical Analysis: Bullish Momentum Amid ConsolidationBitcoin Technical Analysis
The price has pushed up from our demand zone and can easily reach its resistance at 64905. As long as it trades above 62410, it will continue to push up and potentially break 64905.
Current Outlook:
The price is expected to consolidate between 62400 and 64905 until a breakout occurs.
Bullish Scenario:
As long as the price trades above 62400, it is likely to trend upward to 64900. Stability above 64910 will further confirm the bullish trend, with the next target being 70000.
Bearish Scenario:
For a bearish trend, the price should stabilize below 62400, targeting 59950. A close of at least a 4-hour candle below this level would confirm the downtrend.
Key Levels:
- Pivot Line: 62400
- Resistance Levels: 64900, 67200, 70000
- Support Levels: 59940, 56600, 52800
Expected Range:
The anticipated movement range for Bitcoin is between the support at 62200 and the resistance at 66000, with a bullish tendency.
Do you anticipate any upcoming events or announcements that might significantly impact Bitcoin's price movement?
Potential bullish rise?Bitcoin (BTC/USD) has just bounced off the pivot which acts as a pullback support and could rise to the pullback resistance.
Pivot: 56,784.43
1st Support: 55,042.77
1st Resistance: 59,832.32
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.