Btceth
Technical analysis update: BTCUSD (16th November 2021)BTCUSD continues to move sideways within rectangle formation as bullish trend is losing momentum and becoming neutral. Bitcoin currently trades around 60 900 USD pricetag; and we are currently bearish on BTC as technical analysis on daily time frame supports this thesis. We expect eventual breakout below the neutral zone. Additionally, we expect such occurence to be accompanied by further selling pressure and possible beginning of bearish trend. If bearish breakout occurs then we expect price to test 55 000 USD.
Volume decreases as BTC continues to move sideways - which suggests that new buyers are increrasingly harder to find.
Technical analysis - daily time frame
MACD, Stochastic and RSI are all bearish. ADX contains low value which suggests neutral trend. However, we expect bearish breakout from neutral zone and resumption of selling pressure.
Technical analysis - weekly time frame
RSI is just slightly below overbought zone and it manifests sideways movement. Inability to pierce through 70 points might suggests that bullish trend peaked already. However, MACD and Stochastic still remain bullish. ADX suggests very weak trend which coincides with daily time frame.
We would like to note it is possible that double top is forming in BTCUSD. Because of that we think investors should be very cautious.
Support and resistance
Major resistance sits at 69 000 USD. Resistance 1 lies at 64 895 USD while Support 1 lies at 59 603 USD. Support 2 sits at 52 956 USD and Support 3 appears at 42 900 USD. Then Support 4 sits at 39 573 USD. Major support level can be found at 28 600 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BTCUSDT NEXT MOVE (4h chart)Bitcoin (market) is in correction of last bullish weeks ( zoom in-out for more details) , next target of this correction is around 61400 at there we will see a slow market and when we reach there i will update this analysis.
im sorry if i dont explain too much about my charts im personally think that market is not complicated and simplicity is everything, i see so much charts that are so messy or so much if this or that happend... im only draw one scenario. if its go wrong i will accept it and i will try to be better next time .
Take care of your money finnacial markets are ruthless . See ya
GodBless
ReTest Finished. Target 72000-80.000Hedge Fund Manager Long Position ok.
We renewed our positions.
I wish you good luck. Believe in lofty goals, but be careful.
It is not investment advice.
Patience and attention are the most important processes in this business. Selling for free is against our nature.
Our post Retest target has been updated to 100,800.
0.5x
1x
2x
long position ok.
Stoploss -55700
Long Target = 69000$- 72000$ Bitcoin
bitcoin will continue to trend sideways
will continue to record records with altcoins.
Our Main Goal should be to collect bitcoin and ethereum.
this will start the rise of retest altcoins.
I wish everyone good luck. Don't forget to buy stop-loss and tp.
As a result of this rise will come a great fall.
Our retest levels are 42100$-48000$-52000$-56000$.
we have nothing to do with awns. If bad news doesn't come, we'll sail straight to $72000. Of course, we will proceed according to the 4-hour and 12-hour charts. Our joint decision with all fund managers is long.
The next drop will not be a retest. We will see a very steep decline. then we will move up towards $80,000. We're starting off with a $20,000 drop. Let's follow the news.
BTCUSDT - LongTerm Analysiss $84k Hi Traders & Investors
In financial markets price movements always repeat them selfs
its kinda foot prints of big financial companies and simply; huge money flow
if you take a closer look at major movements of btc price you probably notice those big major legs( black arrows )
for now i think after the correction that we have ahead of us another big price movement start and i think around 54k is the start of the next major move and around 84k will be the end of that movement .
also the fibo extension of the last major move (1.272) shows us $91k is target of the next leg .
what you guys think? are you agree with accuracy of major movements ? Im personally believe in them and i think they are so accurate.
GodBless
BTC/USDT 4HOUR UPDATE Welcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart..
BTC /USDT analysis BTC 1day closing and $61300 positive signal and BTC 4 hour update is supporting zone is green line and very inportant supporti is $59000 and resistance $63000 break after new ATH ...
As we told about btc it went the same and still i think btc will make its new all time btc is bullish
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ETH 4000 solid base for take off to $7000, past $4200Some solid support being tested at 4000, ETH is a little lazy at 4200 but will some sat will help it get going a bit. Bullish trendlines. ETH is getting burned by any joe wanting to be a validator (low energy) for ETH2 needs to stalk 32 ETHs. As Ethereum V2 goes from testing to mainet, ETH will become scarce in supply as more shops will want have built in ETH validation and that requires 32 ETH to get setup.
Lay back, enjoy the sub $4200s Once this runs, better to be on board that on the sidelines. Don't stand to close to the launch pad as this Internet Money and distributed finance (DeFi) takes off.
Canada's Largest Crypto Exchange bottomed at 65 cents USD????Just the charts.... Strong bottom at 65 cents on this penny stock stinker. BIGG should get uplisted to the big boards in Canada and in the US.
I get a kick of finding small but very fast growing companies that sneak into the US via the OTC to then explode on the market via an uplilsting. Canada, it's also common to list on penny stock exchange CSE and uplist to the TSX.
The charts are typically penny stock junk. The sooner they can move into the safer zones. It should be a leveraged Bitcoin play but they need to start bragging more about user growth. And stop silly thinks have having minimum XRP wallets! DUMB Marketing, they give you $10 free to open an account, convert to XRP and it's a dead wallet!
XRP is nasty. So glad Layer 2 is coming to Bitcoin and Ether! Bye bye bad coinmasters!
BTC/USDT 4HOUR UPDATE Welcom to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
btc is accumuulation zoon and btc support 47.2k, and resistsnce 48k, and 49.3k$
Let,s see how the 4 hour closes.
i thing the price cam pump fore here .
if the breaks below the price 47.2k$.
the chart will becouse inalid.
Thank you...
Technical analysis update: BTCUSD (1st October 2021)Overnight BTCUSD jumped 10% up leaving many investors perplexed. We noted in our previous idea that we changed our stance to neutral. We think if price fails to break above resistance near 49 000 USD then downtrend will resume. In our opinion this area is very attractive for short re-entry if one took profits on a way down. But we think such position should be accompanied with tight stops due to rising volatility in BTC. Our stance is neutral (to bearish if resistance manages to hold further rise of price).
Technical analysis
On daily time frame RSI and Stochastic reversed to the upside. MACD is striving to turn bullish as well. ADX is declining with suggests that prevailing trend is losing momentum.
However, hourly time frame is in extremely overbought condition. Because of that we are very sceptical of overnight rise.
Support and resistance
We are closely watching mentioned 49 000 USD price level as short-term resistance appears slightly below it. Next resistance sits around 53 000 USD and 60 000 USD respectively. Then major resistance sits at all time high near 65 000 USD. We also watch short-term support near 39 500 USD. Another support below that appears close to 37 500 USD.
BTC1! (Bitcoin continuous futures)
We also observe gap visible in the futures market as we think of it as important level. Breakout to the downside from this area would suggest that downtrend resumed.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Long Bitcoin #BITCOINInverted Hammer on HTF, signals potential reversal - would prefer a longer wick but doesn't look bad - could be bait also but willing to take chances. If this plays out as a fakeout eventually leading to breakdown then I still hold my previous low to be true (34260 but double check on my previous chart). Reversal confirmed on reclaim of hammer high which is the pink line on chart. God speed and may the Hopium be with you.