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Btc_usd

BTC IS DECIDING! OR TRYING TO DO SOMETHINGAfter rejected from yesterdays pivot point, it was on the road to 42K this what we see on the 1H timeframe chart, may be a consoladition. However, if we look at shorter timeframe like 5minute timeframe we see yesterday price was rejected from S1 and came to retest todays pivot. Like i draw on the 1H chart we have an upward trendline. if it breaks we expect to fall another trendline. We expect bounce up and come back to retest pivot in the 5minute chart. for now, in all charts we see a litte consolidation. our support is 48200 is being very strong but our Major support is 47500! if price goes down from 48200 expect 47500 and testing pivot line on the 5 minute chart. After 47500 highly chance we'll see 42K. Price is going up and down between 48200 and 48600 this range is called consolidation range. upward momentum and break will take us to R1(Resistance1) but downward momentum will take us to S1. CONCLUSION: PIVOT 50800 R1:60600 S1:42000 Minor Resistance:48600-700 49500! Minor Support:48200 47500! Falling from 47500 is critical you can open short its your decision. upward move from 49500 probably will lead to 54K-52K! its all from my experience!!! do your own research and analysis. these are just an idea. do not trade because of my words!
by endrgnss
do we have further downside ?A. we are testing the key support areas after the $42 000 dump, if we close a 4hr candle below this level it would break the support and possible further downside. B Bitcoin recently following stock market movements so if that has a bad day this week crypto will most likely suffer along with it but at an excelerated pace . C. This $49 241 support level is very important to hold if we dont want to see another mini price dump before we eventually continue bull mode. We hae alreadt closed a 4hrly candle below this level, we would like to see atleast a daily close above. A Close below would take us all the way below the $48 000 levels with the next major support being @ $42 000 although there is a chance that the upper $40 000s could provide support but they do not have much trading volume compared to the $42 000 levels. D. It would be scary to come down below the $42k levels to anyone but the fact is that nobody is ever 100% right on this, ive learnt the hard way not to go all in and always reserve and plan for every single scenario so we arent trapped if things do not go our way.
BITSTAMP:BTCUSD
by someshrenen
BTC ACTUALLY PUMPIN FOR GOOD?!As you can see on the chart green lines are major supports and red lines are resistances. Also there are 2 of U shape formations we can clearly see. For me BTC will complete the second ''current'' U shape until 53K resistance. For Daily chart it seems like a litte correction. according to that we may see more dump to 42K. If 42k passed, more dump also expected. My idea is: TP1: 53600 TP2: 55555 SL:49K or 47K its on you. if your a margin trader i suggest you to prefer 49K. If we see dump to 42K then everything in on the way we can say. Road to 77K maybe 88K will be placed. !!!!THESE ALL MY IDEAS. DO YOUR OWN HOMEWORK AND ANALYSIS THIS IS NOT AN FINANCIAL ADVICE. GOOD LUCK!! I HOPE YOU CAN MAKE IT.
by endrgnss
2
If this fractile continues we could pump Big time This is just my opinions guys buttttt..... Bad/neautral news A. If were not above $59 456 by 18th december that could lead to further downside, highly unlikely though. B. A big timeframe close below $54 500 will most likely break this trend and most likely render this chart useless but we would need huge volume and probably negative fundemental news to make that happen. Good news A. Most indicators are pointing towards this pump materializing B. These bullbacks are a part of the trend established in July this year, we have not broken yet, a wick or two below support can be expected on an extremely negative day as long as no hourly close below I will remain bullish. C. first fractile- 70% pump second fractile- 60% pump third and current fractile- 50% pump ? . this will bring us to almost exactly $84 000 USD.
Long
by someshrenen
BTC at a crossroad, here are the possibilitiesBTC has a tendancy of suprising everyone how do we profit of that ? this is just to give you guys an idea of possible key levels to watch and the reaction that could happen if these levels are broken. I believe we will go up from here but have prepared for both a bearish and bullish scenario. bullish' A. We have broken over a key level around $49 700 which could now offer good support B. we are slowly making a way back up to the key level of $53 000 C. The RSI has seen decrease in strength ever since the second ATH @ $65 000, the strength was lower after hitting a higher price of $69 000 keep that in mind. The RSI is now bordering on over sold, if we are to bounce now would be a perfect time. D. support from 2020 is where the price saw a massive bounce back to the upside @ $42 000 Bearish A. A huge rising wedge formation taking data from 2018, even though we could EASILY still get to $80 000 and still be within this wedge, we could still be trading within this wedge till april next year and even longer. B. If we fail to break the long term RSI resistance we will most likely dip towards oversold pushing the price well below the $49 000 level. C. If we do however get pushed down towards $49 000 with volume support I think the next targets are the $46 000 and $42 000 levels, keep in mind that there are so many support lines that could be drawn between $40 000 and $50 000 so always look for the ones with the most confluence. D. This one may not be true at all so take it wit a grain of salt but in my opinion a break of $41 200 would end the bullrun :( Hope this help somebody * thumbs up emoji * happy trading
BITSTAMP:BTCUSDLong
by someshrenen