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Btcfutures

BTC/USD (Another Retest of Key Support?)BTC/USD -Bitcoin just got rejected again by the descending trendline resistance -the price is approaching a key area of support at a 9k-8.8k range -this area of support has been tested 4 times now -if BTC will come back to this zone this will be its 5th retest -bearish side, the more it gets tested, the more the support becomes weaker -we will never know what will happen once the price hits that level again -but one thing is for sure, large move is about to happen -on the good side, if the price consolidates in that region for a few days. -Altcoins will start recovering or break out of their consolidation stage -please always use proper stoploss level, we are at the critical zone of trading already
BITSTAMP:BTCUSD
by PolarHusk
BTC/USD (Potential Bullish Bias Again?)BTC/USD -Bitcoin is starting to break above the descending trendline -if BTC closes the daily candle above 50D MA -this will give a bullish side to the market for the next few days -longer sideways action is also expected -a potential challenge of 10k resistance zone again -during this sideways market again, Alts will start moving faster -well, it is really high-risk trading inside a sideways channel -it is better to look for Altcoins who have broken their consolidation stage -please always use stop loss in your trade -happy trading :)
COINBASE:BTCUSD
by PolarHusk
BTC/USD (Retest 50D MA>New Resistance or Not?)BTC/USD -new key low support is set at 9k area -Bitcoin closes below the 50D MA -it will now retest the 50ma and trendline resistance -decision time for the market -are we going to break higher or come back lower? -technically, we are still on a big sideways market -it is still high-risk trading within the ranging price action -my bias in the short term is to test the low 9.5k range -I will update the status once we get there
BYBIT:BTCUSD.PLong
by PolarHusk
BTC/USD (Local trendline break; Bullish Pattern still valid)BTC/USD -Bitcoin manages to break the local trendline resistance -closing the daily candle bullish -new higher low is set at 9.2ks area -upward trendline of ascending triangle still valid -the priority is back to the bulls -we may have a high chance to retest the 10k major resistance -notice the volume decline approaching the triangle apex -it is telling us a large move is about to happen -be ready and always use a strategic stop loss area
BITSTAMP:BTCUSD
by PolarHusk
BTC/USD (Still Holding Critical Trendline Support)BTC/USD -the Bulls may have temporarily held the ascending trendline -technically, the bullish ascending triangle is still in-play -the first challenge is to break the minor resistance at 9.6k -if BTC can do that, then retest it as support -BTC may likely go up to 10k resistance area once again -the good news is, going above 9.6ks will bring some Altcoin action -we will expect another consolidation for a few days -then we will wait for the market decision (break up/down)
COINBASE:BTCUSD
by PolarHusk
1
Is Bitcoin shaping up for a new yearly high?BTC Futures as of Wednesday officially broke out of the compression triangle it was caught in. Although it was not a huge move, Wednesday’s spike in volume concurs that the break to the upside may hint at an even longer extended rally in Bitcoin futures. A few other technical indicators are pointing to the same conclusion such as the RSI is close to breaking through the upper band (showing strength of trend) of the relative strength index which has made its way to 60.4 and counting after hitting a low of 48 on May 26th. Perhaps the biggest clue that BTC and its possible ascent are coming is the golden cross between the 50 and 200-day moving averages that seems likely to form in the next week. BTC’s first and only occurrence of this phenomenon signaled a $6,000 increase and occurred right around this time of year in 2019. Read it all here on Thegoldforecast.com thegoldforecast.com
CME:BTC1!
by JosephWagner_618
BITCOIN BINANCE FUTURES NEXT MOVES, After manipulation outcomeHi friends, this market has taught me that only the patient dogs stay fat in this game and BTC/USDT is not joking about this after the recent pump and dump. Let's face the fact that btc/USDT is in an indecision state that can either lead to a pump or more dump. As a speculator I have to remember the effect sudden spike in volume can affect the price, like what happened of recent when price broke out from consolidation and dump straight back into it with no remorse whatsoever about your Liquidation . The Daily chart shows a very interesting Bat pattern formation where the current XA swing retracement to B was less than 61.8% which fits a BAT formation than a Gartley. but don't forget that this pattern failure could occur if btc/USDT fails to cross the neckline zone around 10k to 10400 and this can lead to a dump to the 8700 zone or even further to 7500. As futures traders, we have to be open to what ever direction BTC chooses, but this can only be caught if you are patient enough. The current Bearish BAT could take btcusdt on binance to a possibly 11k zone at-least, and that is only possible if BTC makes it above the current neckline. Few questions about my current view on the market; *ARE YOU CURRENTLY BULLISH OR BEARISH ON BTC/USDT? my answer: I am neither bullish or bearish until I am sure of where the market is going, Better to be in USDT than loose money chasing winds. *ARE YOU CURRENTLY ON ANY TRADE? my answer: NO *WHY? my answer: I will prefer to wait and see how btc reacts to the neckline before taking any trade because only the patient dog stays fat in this game. TOP ZONES TO WATCH : Resistance for long 9950 - 1050 10300-10610 11900-12090 Support for short : 9200 - 9k 8500-8200 7600- 7300 6666 (Support my ministry by supporting idea with your like and comment your view on BTCUSDT)
by MachiavelliTrader
2
BTC/USD (Back into the Consolidation Channel)BTC/USD -this setup is for Bulls and Bears -Bulls face rejection at 10ks -currently, BTC is holding the immediate support @ 9.5ks -the ascending trendline support still holding -can the Bulls regain the low 10k level again? -it is a tough question to answer -but like the old saying “The trend is your friend” -as long as BTC will hold current support levels -trading priority will remain to the upside -provided minor or recent top will break -please see the chart when to enter a position
BITSTAMP:BTCUSD
by PolarHusk
2
BTC/USD (Monthly Candle About to Close Slight Bullish?)BTC/USD -the month of May is about to close -the candle is looking bullish as of this writing -if this candle closes above 9.3k -we will have a higher chance to retest 10.7k -10.7k is the monthly candle body resistance area -and the downward trendline resistance from Dec 2017 high -if ever we reached the 10.7k region but failed to break -I'm expecting BTC to move sideways for a few weeks -overall, the market is getting for a larger move
BITSTAMP:BTCUSD
by PolarHusk
12
BTC/USD (4H Downtrend? Expect a minor bounce?)BTC/USD -two times rejection at the previous support area -now flipped into a new resistance zone -as the price dropped, it reacted immediate only 200ma -a confirmed new downward trendline of resistance -technically, we are on a 4H downtrend -and bigger equilibrium with a price range of almost 20% move -if you are a Bull, a break of trendline resist -and closed above 9300 is a new start again -Bearish side if the green support fail -and confirmed new resistance, signals short position
COINBASE:BTCUSD
by PolarHusk
BTC/USD (Crucial Area for Bulls and Bears)BTC/USD -the has touched the ascending trendline support -also, just barely above the previous higher support area -this is a crucial time for the bulls -they must act now and do not let the price -close below this trendline of support -otherwise, bears will get the chance to enter the market -though we are still in a bigger equilibrium channel -touching below the lower channel will increase the bearish side -the price action could still go both directions here -wait for the trend reversal before making any big decisions -scenario one: break of trendline, Short is priority -while a break of the upper channel resistance is a bullish entry
COINBASE:BTCUSD
by PolarHusk
BTC/USD (Potential Push Up?)BTC/USD -the market structure on the daily remains bullish -holding above the 20MA and 200MA as support -upward trendline support still intact -we have not made a lower high and clear lower low yet -there is a chance we could see a bounce up -to the fill the CME gap up to 10k -if we get the 10k gap but failed to break above -and drop below trendline support -daily structure will turn into a bearish market -yesterday candle closes green -the technical view is bullish to slight bearish
COINBASE:BTCUSDLong
by PolarHusk
8