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Btceth

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.
BITSTAMP:BTCUSDShort
by Tradersweekly
8
btc/usdt 1hor analiysisBtc/usdt 1hour update BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $42600 support but it dropped further down till $39600. From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42250 resistance level. Will BTC bounce back from here or is it just a temporary bounce to break further down? Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish. Thank you ...
Long
by CryptoSanders9563
comp will breakout now !!!mostly all hour chart is just perfect but 1 day chart is superperfect . support and resistance are based on 1 day chart . if it break out next target are 635 / 712 support 404 / 346 if it breakout then 521 zone will be a strong support . a green line will act as support if it didnt breakout and pull backward . 2 posible breakout . 1 ) blue color line 2 ) green color line fully focused on 1D candle . you can see some downtread in 4h or 1 h . but we are looking for big
by rufaidem