BTCUSD Potential Bearish Momentum | 25th Feb 2022On the H4, we can see that price has broken up of the descending channel. Although this is signifying bullish momentum, we first expect price to drop from 1st resistance at 39553.86 which is in line with our 50.0% fibonacci retracement and horizontal swing high resistance to 1st support at 36405.47 in line with both 61.8% fibonacci projection and retracement, along with horizontal overlap support. Alternatively, price may break through 1st resistance and halt to 2nd resistance at 41617.32 which is in line with the horizontal overlap resistance. Our bias is further supported by how price is moving below the Ichimoko cloud and expected to reverse off the stochastic indicator resistance.
BTC-USD
BTC USD Russia & Ukraine Blah Blah Blah! Same Sh*t!The charts speak for themselves. Russia and Ukraine have been going at it for years, its always the same crap, sabre rattling, threats, then talks! As you can see I show how many times this has happened since 2014, its ridiculous and I couldn't post nowhere near every article, just a few out of thousands that I saw from 2014 to present, and not counting duplicates.
I also compare the Dollar Strength to all this and how its touching the top of the trend line ready for another dip which means another nice move up for BTC. The BBWP is also at extreme lows not seen since the last run up from $8000 to $60000. The dollar is about to take a crap to some serious lows over the next few years as hyperinflation ramps up. Hold strong my friends, don't get shook.
This is not professional trading advice, just my opinion. Like if you appreciate this chart and follow me for more updates on many other coins. Leave a comment below and tell me what you think. Thank you.
BTCUSD potential for bearish continuation | 23rd FebPrice is near sell entry level of 38939.20 in line with 50% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially dip to the take profit level of 36395.13 in line with 78.6% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.
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BTCUSD potential for short bounce | 22nd FebPrice is near buy entry level of 36547.08 in line with 127.2% Fibonacci projection. Price can potentially go to the take profit level of 39472.04 in line with 38.2% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is at support level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Potential Buy In BTC/USDHere are the key support levels in view for BTC/USD:
Weekly 78% Retracement, $35,710
Demand Zone, $35,000
If prices continue to fall, a long from $35,500 may set up in the coming days. Here's the trade:
1) Buy $35,500
2) Initial stop loss at $31,500
3) 1:1 risk vs reward ratio for 11.2% ($4,000)
4) Profit target at $39,500
BTCUSD potential for short reversal |21st FebPrice is near buy entry level of 38940.52 in line with 127.2% Fibonacci projection and 50% Fibonacci retracement . Price can potentially go to the take profit level of 4509.34 in which is also the graphical swing high level. Our bullish bias is supported by the stochastic indicator as it is near support level .
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTCUSD potential for short reversal |21st FebPrice is near buy entry level of 38940.52 in line with 127.2% Fibonacci projection and 50% Fibonacci retracement. Price can potentially go to the take profit level of 4509.34 in which is also the graphical swing high level. Our bullish bias is supported by the stochastic indicator as it is near support level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
WE ARE HERE BITCOIN USD 2018 COMPARISONWE ARE HERE BITCOIN USD 2022 2018 COMPARISON
Bitcoin similarities with 2018ç
RSI
Moving Averages
I think we need to drop down to the 200 moving average weakly to complete the full cycle.
another 6 months of Bear market.
*unless we see a huge spike in volume so we can go up the 50 moving averages*
Bitcoin RSI negative divergenceHello All,
Bitcoin having hard time to follow commodities and energies because it is not consumable.
Bitcoin is not an inflation hedge instrument. In an inflationary environment, people would like to hedge their wealth by investing gold.
Gold became a safe haven for money and seems like a smart move to allocate a portion of gold in a portfolio in inflationary environments.
Bitcoin is an interesting, tempting instrument. In my opinion fighting against its value is non sense. Because the technology it offers will be the technology of future; blockchain.
BUT
Bitcoin can be an investment instrument but not a good instrument of payment. Think about getting paid by Bitcoin..
Bitcoin's value is so fluctuant that even one day your salary would decrease or increase by 20%.
That's why Bitcoin will always have haters and lovers.
Nowadays, I don't see Bitcoin revaluate to new highs because with Fed's approach to money.
If Fed decides to awards dollar holders by increasing rates, we'll probably see new areas to reinvest this instrument.
I decided to follow Bitcoin's price actions while approaching to Fed's meetings.
Thanks and stay safe.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (41034.89).
. 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 33.
Take Profits:
TP1= @ 44375.30
TP2= @ 45791.61
TP3= @ 49369.49
TP4= @ 51787.31
TP5= @ 55720.27
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 ❤️
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (41034.89).
. 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 32.
Take Profits:
TP1= @ 44375.30
TP2= @ 45791.61
TP3= @ 49369.49
TP4= @ 51787.31
TP5= @ 55720.27
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 ❤️
BTCUSD Potential Bounce|17th Feb 2022 On the H4, with price expected to bounce off the support of the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our take profit at 45715 in line horizontal graphical swing high resistance from our 1st support in line with horizontal overlap support and 61.8% Fibonacci retracement at 42873. Alternatively, price may head to our stop loss, which coincides with horizontal swing low support at 41620.
BTCUSD Potential Bounce|16th Feb 2022 With price moving above the ichimoku cloud, we are biased that price will rise from our pivot in line with the horizontal overlap support and 50% Fibonacci retracement to our take profit level which aligns with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot structure and head to our stop loss in line with the 78.6% Fibonacci retracement.
Bitcoin Expected To Reach 48051.41 By End of February 2022Wait for a 4 Hour or Daily Close above 45520.37 and then watch for a retest as new support. Key resistance comes in at 48051.41. What I am looking for is for price to break 45520.37 horizontal level and pull back to 45520.37 horizontal support level. At the 45520.37 horizontal support level, look for a price action signal in the form of pin bar or rejection candlestick.
Engulfing Candlestick
Close Above Horizontal Level 41523.72 Exposed Resistance Level 45520.37 As The Target
BTC head and shoulders complete ???Hello dear friends
According to the rules of technical analysis, this is a strong possibility. This move could be the beginning of the third wave of a new uptrend.
But we know that not everything in the market is technical analysis. An examination of the information within the network shows that some whales are emptying their large wallets. And this is not good news to confirm what is technically shown. So we are very careful and try to manage the existing risks. And be prepared for both scenarios.
Remember that not always taking risks is the biggest risk because the result is definitely nothing.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
BTCUSD potential for further downtrend | 15th FebPrice is near sell entry level of 45422.10 in line with 61.8% Fibonacci retracement. Price can potentially dip to the take profit level of 38936.49 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by stochastic as is near resistance level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short opportunity for BTCUSD-- 8:1 R/RHere, we have BTC retesting the .382 fib level of the fibonacci retracement drawn on BTCUSD's most famous (or infamous, perhaps..) price move from 10k to 65k, shown as a clean impulse on the 1M timeframe. The .382 is being tested as resistance on 1M & 1W timeframes. There are also buying opportunities to be risked in this area also, so be sure to use proper risk management when entering into a trade. Let me know what you think of my idea in the comments below. If you like my idea, be sure to like the post! I will also link some of my other BTCUSD ideas and analysis in the links related below. Happy Trading, and good luck!
BTC/USD - weekly Analytics + Altcoins 14.02.2022With high probability there will be a false-break from the level of 42700 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 43000 will confirm this idea.
Further we will monitor the situation as there will be a probability of local pullbacks (which will not change the growing trend)
Altcoins:
Among altcoins, we single out ETHEREUM and TRX as the most promising projects, which can grow by times.
BTCUSD potential for further downtrend | 14th FebPrice is near sell entry level of 42849.48 in line with 23.6% Fibonacci retracement. Price can potentially dip to the take profit level of 38844.89 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the natural moving average as price is trading below it.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.