Btceth
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 ...
Btc/usdt 4hour analiysis Btc/usdt 4hour update
Bitcoin Update:- The previous chart got invalidated since we broke below the channel.
In the current chart BTC is retesting the channel it formed way back since 65k.
Things are still uncertain.
Reason why I warned you all to stay away from leveraging.
Expect few more candles around this channel followed by a bounce into the green zone.
Thank you...
BTCUSDT watch out for Buy Signalyou can use this as a buy signal
w8 for break out and then correction leg and after a green candle shows up is your turn to place a order above that green candle and stoploss ( most important thing in the market ) is little under that correction ( swing )
be carefull!
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
Btc/usdtBtc/usdt
Bounce back 49.3k
And btc bullice my traget is 51.5k 53.2k and ready for trade ...
This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade..
Thank you
Technical analysis update: BTCUSD (25th August 2021)Many people asked us to analyze cryptocurrencies. Therefore we prepared our first bitcoin analysis for you. Recently bitcoin took off its recent lows around 29 000 USD. In the process it closed a gap between 46 620 USD and 48 370 USD. After that bitcoin peakead at 50 858 USD and then reversed lower. We think price level along the gap has an important role. We think if this gap is retraced by price back to the downside then more selling is probable for BTC. In terms of technicals RSI continues to move sideways just below 70 points. It did not cross 70 points to the upside. This is common for corrections in the strong downtrend. MACD is flattening out and it seems as if it wanted to reverse down. In addition to that price is currently far away from its 20-day Simple Moving Average. We think there is high likelihood that price of bitcoin peaked recently (or it will in the short future - around 54 000 USD) and more selling is on a way. If price breaks below its short term support then we expect bitcoin to retest its recent lows around 29 000 USD.
MACD on daily timeframe:
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.