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Btc_usd

BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . BTC is still at the support level we expect a bounce from this level. In case if Breaking down side below $56800 will be a red alarm for the market. Let see how 4 hour candle close. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
BTCUSDT 23 -06 - 2021Nothing much has changed since my previous update. We are still in the pullback/range phase of BTC the longer we are the higher it goes. From the previous update, bitcoin did manage to bounce to 60k but fail to break the 38% Fibonacci level. Currently, 6H hour Shows us bitcoin forming a sort of double bottom scenario with RSI break+rest also TD9 on a daily. The key here is looking for 61 -63k to be tested. Potential play #BULLISH Expanding Triangle is still valid. The daily chart bitcoin It’s still showing some form of a sideways correction movement rather than an actual downtrend. The reason is that a downtrend is a sequence of lower highs and lower lows. We haven’t seen a lower high yet – instead, we’ve seen a higher high with ABC correction followed by 5 waves down, which makes it all some form of expanding consolidation. The price action is missing a lower high around 62318-63216 USD area and upside pullback into this area is the next logical move for the coming weeks $62318 and $63218 are perfectly in line with 0.618 – 0.702 Fibonacci. this level is more often tested before further breaks down. Flipping this level as support then we can look for a higher target. We should see at least some upside correction. Bitcoin rarely keeps collapsing after 20% correction without upside pullback. To those fib levels above mentioned. Example below: rest of 0.702 – 0.618 daily/weekly close over 64400 or 66k USD brings 76k+ bitcoin in the card. 1W: On the weekly chart BTC printed a swing failure with 65500 as the resistance. Normally I would say this is a bearish pattern, but in a bull trend it is mostly a temporary resistance. Also, we have seen similar patterns back in auguest 2020 when BTC tried to break out from the 12K Region. Key on weekly 49.5K must hold for the scenario to stay valid. Also talked about this scenario a while back I’ve been monitoring this setup(chart below) since then so far similar move and similar market vibe. Neither bullish nor bearish - just typical to sideways movements. The late shorters got rekt and the late buyers got rekt. Hence why now is not the time to leverage APE!! BTD and relax until we finally break out again. Don’t forget how many u missed that 30k dip😊 #BTD & #CHILL 1Month: Monthly hasn’t closed yet of course on monthly only 2 important things we need to watch Monthly RSI we wanna hold 65% and close month 59.5k Close above 71% expect fireworks. All things combined, the market on micro timeframes (full of noise) is trending down locally while still awaiting the breakdown retest into 62-63k USD region where another attempt to break through will take place. So break above then correction is done. Rejection would give us dip to 50.s zone it may be worth having some spare USDT on the side if BTCUSD sees ugly daily close beneath 55.6k to load the dips in the occurrence of 50-53k liquidity hunting which could be triggered by FUD news. Short-term looks a bit more bearish than bullish while remember it’s still a form of expanding Triangle consolidation than a proper downtrend gauging on price alone. We have seen this type of play before. A few examples are in the previous bitcoin update. So HOLD daily base 55.6 and 61k - 63K in play Ugly daily candle below 55.6 then 53k-50 in play. Previous Update! Also, make sure to read my DXY UPDATE and why dxy have a big role in bitcoin play: AND ABOUT ALTS??? Press on the chart and you will be linked to TA for alts coins Comparing past alt cycles with the previous bull market cycle
by CryptoUltron
BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . BTC is bouncing back from $55800 support level now resistance level will be 21 MA or $59800 level . Let see how 4 hour candle close. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
2
BTC UPDATEBTC / USDT Bitcoin retest 60k zone and rejected from it once again 📌WHAT NEXT ? 1- For bulls 🐂 : for continuation to upside and bullish momentum we need price fixation above 62k at least Or to see bounce near Lower trendline of ascending and saving major support in my chart 2- For bears 🐻 : If bears successed to make strong selling pressure and price closed below 48k-47k this mean bears win this round and we can see price dropping next few weeks or even months (early 2022) so prepare for that scenario too What do you think here? Bulls or bears will win this round ?
by Babenski
23
Very careful when BTC enters the Red Zone!We have seen the massive sell-off on BTC but it seems like that after the friday, things are trying to hold after we wicked below $56k level. Now BTC is trying to hold here and if we hold the structure we will go back to around $63k area which is a very concerning area for me. This area will decide the future of Bitcoin. I have marked the complete Red Zone for BTC. We will need to flip these zones and I'll wait myself to watch for the reaction when we go into the danger zone. If we fail to reclaim the $53k red zone area we will see BTC struglling and the correction will continue. Keep eyes and be active when we enter these zones. Thank you!
by TychonTrades