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Btc_usd

Bitcoin bounces off 20K supportBitcoin has risen back above $20K after the weekend plunge below this key level. At around $20K, bitcoin is now severely oversold following a relentless sell-off. There’s the possibility we will see at least a short-term recovery, although so far, we haven’t seen any clear bottom pattern yet. Incidentally, the area just below 20K also marks the high from 2017, as you can see from the weekly chart. Once a major resistance, this area could turn into a new long-term support. Furthermore, the 78.6% retracement of the entire 2020-2021 rally comes in at $117,800. Both of these levels have now been tested. Meanwhile, major dips of 70 to 85 percent have historically resulted into major bottoms. Will history repeat itself? If Bitcoin bottoms out here, the next upside target from here would be the next level of resistance at around $25,400. But first thing is first: we need to see a confirmed bullish reversal stick. Sunday’s big rebound is a tentative bullish sign, but we now need to see a desire for price to stay above $20K.
BITSTAMP:BTCUSD
by FOREXcom
1
BTC what if ?… worst case scenario BTC / USD hi guys before we get started lets say this scenario has a very little chance to happen However we should be prepared to everything I can call this scenario “worst case scenario or the scariest scenario “ WHAT IF ? as i said before in my last analysis i still believe we have very high chance around 17600-16000 will be ultimate bottom , you can check my previous analysis here : However, the chance of this scenario will increase if 300 WEEKLY MA Doest hold (which located near 16k ) The next strong supports after 16000 in my chart 14k - 10k - 6k Alot of people already waiting 14k-10k ! From my experience when majority of traders want something ,The MM either never reach that price or dump much lower And that’s why, we see bottom already very close or much lower than majority think Summary: we believe bottom is very close or already in unless BTC consolidate below weekly ma300 (16k) and DCA is still the best choice for long term investors Dont forget to like and share for more Best of wishes
BITSTAMP:BTCUSDLong
by Babenski
44
Join us in selling BTC at the 20,000 (Targeting zero?)A few weeks back we sold BTC at 31,500. Little did we know that this will trigger a 14,000 pip move to the downside. Sadly we did not catch all of it, but our analysis was spot on. WHY? Well first of all, we have no vested stake in BTC. Most peeps don't like to sell anything because they feel buying is their only option. Many people still try to buy the dip, but it just keeps dipping. STOP DOING THAT! Average traders buy and hold. Good traders buy and cut their losses when they are wrong. Great traders know how to cut their losses and to sell and make money both ways. Here is the technical analysis on this trade. 1) Daily trend is bearish 2) H4 trend is bearish 3) Market found support at 20,200 to 20,600 and has broken violently below. What needs to happen. 1) The price needs to move up to 20K with a harmonic pattern as shown 2) We need to see weakness in M15 to sell this pair. And finally yes, you are allowed to sell BTC. Many people don't know that and there is nothing wrong in doing so, especially in a bear market. Here are some crazy sells we have done in the last 2 months netting us 14.1% and honestly we have never even traded some of them before. It is all based on technical analysis and it works 70% of the time. Good luck and follow the trend and not the crowd...
BITSTAMP:BTCUSDShort
by JD_TeenTrader
BTC Looks weak on Daily/Weekly time frame, Can fall further!BITSTAMP:BTCUSD Is showing signs of further fall. Based on Fibonacci Retracements, its has taken support from last possible quadrant of hope to sustain above that 23% around levels. BITSTAMP:BTCUSD Has broken down crucial downward trendline with huge volumes, with sharp fall in prices. On Upside, there is very little volume in buying as it has probably hit sentiments of many investors in these days. More downside n pain can be expected in it.
BITSTAMP:BTCUSDShort
by simplyansh
Btcusdt Sometimes I difficult to analyze the btc But am sure that we are not clear no one knows the future We can only gamble with 1hr time frame knowing that there's danger in weekly time frame this market is very scary 😨 Best thing is to wait no one knows the bottom if u buy dip it dip more #Bitcoin’s price sits at the lower bound of its production cost for the first time since the March 2020 #liquidity crisis as well. Moreover, We can see that whenever price hits the lower bound or upper bound of the #Bitcoin Production Cost Ribbon, we see a mid-term reveral in the market. Simply, this inidcates a relief rally coming soon ✌️🏻.
by phenom118