BTC-USD
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29906.37).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 31457.46
TP2= @ 32673.24
TP3= @ 34344.46
TP4= @ 36193.81
TP5= @ 37583.56
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29906.37).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 31457.46
TP2= @ 32673.24
TP3= @ 34344.46
TP4= @ 36193.81
TP5= @ 37583.56
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bitcoin UpdateI broke down the range we have been trading in for 2.03 years for BTC. This range is has been sub-divided into smaller areas of support and resistance. This is to help predict what we may be able to expect based on the historical information that we have available which is the ONLY way to trade. Remember, its not about what we think or want to happen. TA is about what is the most likely outcome based on the data available. This is why I chose to use the weekly chart for this. It puts a lot of things into perspective.
I don't know about you but personally, I am tired of hearing about "20k Bitcoin".. The target is actually 19.5k. This was a difficult level for us to break and we are very close to finding out if it will hold.
The next level is 13.7k. We had a rough time getting above this level and if we lose 19.5k, this is the area we are likely to see.
In order for any of this to happen, we are going to need a weekly candle to close OUTSIDE of the trading range we have been in since January 2020. When this happens expect the floodgates to open. Until then, expect us to bounce back up towards the median line displayed in the Bollinger band. A rejection at this level will likely be the catalyst for capitulation that all my bears have been waiting on. Keep in mind that entering in a long trade in hopes of scalping the top is very risky. If you decide to make this move practice proper risk management especially if you're trading with leverage.
To all my bulls... Well, we need to regain support at 40k in order to completely reverse this downtrend. The chances of that happening at this point are slim. If you're a hodler, DCA and wait as this period will not last forever. It is also a great opportunity to accumulate many reputable ALT coins.
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Remember to always DYOR and to never base your financial decisions on what WhiteJesus says... I'm just a guy on the internet.
Bitcoin is thinking of falling more ??Hello dear friends
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Bitcoin is thinking of falling more ??
As shown in the chart, based on my analysis, this is likely to happen and the next floor will form around 22,000.
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******Appropriate entry points for supports and resistances according to the chart*******
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BTC/USD - weekly Analytics + Altcoins 23.05.2022Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 30,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 31,150 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend.
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
A downtrend parallel channel has formed since the 21st of April.
Also, a Falling Wedge has clearly formed.
Support and Resistance main areas are shown.
A bar pattern repetition shows a possible price movement for the next days.
Volume increasing.
Multiple Support & Resistance levels shown as horizontal lines.
If the price breaks out of the downtrend parallel channel will hit 37000K.
As if the price goes out of the Falling Wedge, we might see a wick at 34000K, then also a new TA is needed.
BTC = $37,796.42 -2.10%
= 13.80 ETH +0.81%
Dominance: BTC: 42.3%
ETH: 19.5%
Market Cap: $1,697,329,973,825
24h Vol: $81,975,886,708
Good Luck
#CryptoHellas Team
Hope I am wrong ... but Last bool cycle started in April 2020 ... not in January 2021
Apr 2020 - Mar 2021
BTCUSDT Potential for bullish momentum | 17th May 2022On the H4, with the MACD showing a bullish momentum, we have a bullish bias that price will rise to our take profit at 31334.20 in line with the horizontal swing high resistance and 78.6% Fibonacci projection from our buy entry at 29554.29 in line with the horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Alternatively, price may break entry structure and head for stop loss at 28759.95 where the horizontal swing low support is.
BTC/USD - weekly Analytics + Altcoins 16.05.2022From May 12-13, 2022 there is a potential upside movement in bitcoin, this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 31.150, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
BITCOIN - POWER VIEW VOLUME POINTSThis is the moment when the most are into the panic trend - and having a view of a 100% dropping trend, but is that so?
Historical trends learn that markets have different trends - and that there is not always a reason to go on 100% sell or buying the trend - but a plan should play an important role.
What is now the trend?
Bitcoin looks by the low time frame that it's on the breakdown trend.
But there is a good chance that this can get the return to into new green increase.
Scenarios
If BTC target the 34800 and with confirmation - this could mean a new uptrend.
Same time BTC can also take the first volume by 32800 USD, but this is not a must. --> below these trends, BTC is in a risk zone.