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Btc_usd

BTC massive historical supportBTC / USD BTC finally hit 200W MA that I mentioned alot before In past these dynamic supports are always around ultimate bottom of bear market We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k) WEEKLY RSI : Another important thing i want to show you is WEEKLY RSI : we are currently setting around the level of bear market bottoms (since 2015 ! ), see here : WHAT TO DO ? 1– For investors/long term traders : you can start DCA from here 2– For short term / med term traders : I advice to wait more bullish signals before entering market Best of wishes
BITSTAMP:BTCUSDLong
by Babenski
290
BTC (Bottom Of Next Bullrun ?)BTC / USDT Hello all Its a nice and strong bullish reaction from bulls Congratulations if you are on this wave from the start with me Is this the bottom of next bullrun ? We have very high chance to be in the bottom of the next bullrun (or even a mid-cycle bullrun i dont care) And heres what i see in the chart : 1- Biggest green weekly candle since early 2021 (not closed yet) 2- Strong bounce at multi years trendline support(blue) 3- Breakout of 21 weeks moving average 4- Breakout of falling wedge pattern 5- RSI index is bottomed out Just compare these informations with bottom of 2019 and bottom of 2020 you will see we have big similarities If you haven't seen my analysis since june 2022, where I told you bitcoin was going to hit massive historical support and bottom is close please check the attachments below Note : For those who didn’t catch the wave from first dont fomo …always calculate your risk before reward There always be a new opportunities For more ideas / analysis hit like and follow happy day for everyone
Long
by Babenski
26
BITCOIN SURPASS THE RESISTANCE.Hello traders, here's a quick update on BTC in 8 hours timeframe. BTC surpassed the resistance trendline in this 8-hour TF. This recent rally fulfilled our initial target of $19k. The breakout above the resistance trendline looks pretty good but we can't avoid the RSI level. The RSI is highly overbought and anytime soon it may drop. Things look pretty interesting but better be careful cause in the higher timeframe if BTC doesn't break above $19k then we may witness one last drop in BTC and then the actual rally. What is your opinion on the recent BTC rally? Let me know in the comments below. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
1
BTC - 2022 bear market monthly buy zone?Hi there, here are my thoughts on two possible scenarios which both spell opportunities. A) Bitcoin has seen a massive sell off these past couple months but it has seem to reach what is likely to be the bottom of a very strong support zone at the 50 EMA in the monthly chart, which currently sits at around 26013. Historically the 50 EMA on the monthly chart has shown to be a good buying opportunity as we have seen in 2014, 2018, 2021. Wave one for this Elliot wave count starts from the Covid crash of 2021 which cleared the way for a new bull market phase and eventually ended around November 1st 2021. Recently BTC has done it's full 0.618 retracement confluent with the 50 EMA. Currently most indicators point to 25370 level as a possible bottom and the new accumulation phase has now started. B) If a bigger capitulation scenario plays out, expect to target the 50 MA area on the monthly chart which currently sits around 21312 this would most likely be the final stop. Eventually bringing the Ultimate Oscillator further below 45 creating a massively undervalued buy zone for BTC. In the unlikely event another black swan capitulation brings us way below 20k, there is a high likelihood that this too would be short lived as we have seen in the past. Expected risk to reward ratio is set to 7.17 and above. Thanks for reading and good luck out there.
BITSTAMP:BTCUSDLong
by ValueGambit
3