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Btcshortterm

BTC Short-Term Review 1H IntervalHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the local downtrend line. After unfolding the Fib Retracement grid, we see that the price stays in the support zone from $ 29,257 to $ 28,994, however, if I fall lower, the next support is at $ 28,658. Looking the other way, we will first mark the resistance zone from $29,497 to $29,641, then we have resistance at $29,767, then at $29,960, and then at $30,196. Looking at the CHOP indicator, we see that the energy has been used, the RSI shows a rebound, while the STOCH indicator indicates that the energy is running out at the moment, which may give a temporary price rebound.
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by cryptodailyuk
BTC/USDT 1HInterval reviewHello everyone, let's look at the BTC to USDT chart taking into account the timeframe of 1 hour. First, we will mark the local downtrend line under which the price is moving. We will use the fib retracement tool to plot support and we see a support zone from $28996 to $28956, then there is a second zone from $28914 to $28854 and then strong support at $28779. Now let's go from the resistance line, as you can see the first resistance is the zone from $29031 to $29108, if you manage to break it further we have the second zone from $29187 to $29296 and then strong resistance at $29438. Looking at the CHOP indicator, we see that there is still energy for the current move, the RSI is at the lower limit, which in combination with the STOCH indicator on which we crossed the lower limit can give a local price increase..
by cryptodailyuk
1
BTC/USDT 1H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the uptrend line. Let's start with the support line and as you can see the first support in the near future is $29542, if the support is broken then we still have a support zone from $29342 to $29220. Now let's go from the resistance line, as you can see the first resistance is $29999, if you manage to break it then the price needs to break the zone from $30238 to $30403. The CHOP index indicates that the energy has been used, the MACD confirms the local downtrend, and the RSI has approached the lower limit, which may give a temporary sideways trend.
by cryptodailyuk
1
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart in one hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension mesh, we see that the price has bounced off the strong resistance at $30,442, and when it breaks the next resistance is at $30,550. Looking the other way, we see that the first support is at $30,318, then you can mark a strong support zone from $30,238 to $30,182, and then support at $30,114. Looking at the CHOP indicator, we can see that the energy is almost used up, the MACD confirms the local uptrend and the RSI has a significant increase, however, there is some room for the price to go a little higher.
by cryptodailyuk
1
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is bouncing off the local downtrend line. After unfolding the trend based fib extension grid, we see the first support zone from $30,309 to $30,138, and then the second support zone from $29,856 to $29,658. Now let's move on to the resistances, and here in the first place the price has to break the zone from $30661 to $30804, when it does it has a second strong resistance zone from $30949 to $31150. The CHOP index indicates that the energy is starting to gather strength, the MACD is on the verge of returning to the local uptrend, and the RSI after a strong recovery shows that there is room for price growth.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $25476, if the support is broken then the next support is $25017 and $24654. Now let's move to the resistance line, as you can see the first resistance is $26327, if you manage to break it, the next resistance will be $26649, $26941 and $27375. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a continuation in the downtrend, while the RSI shows an increase, however, in the coming hours, we can still see the price increase.
by cryptodailyuk
BTC/USDT short-term Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price is moving right at the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $27,112 T2 = $27,475 T3 = $27,780 AND T4 = $28089 Now let's move on to the stop loss in case the market goes down further: SL1 = $26,783 SL2 = $26,493 SL3 = $26,257 AND SL4 = $26,036 Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a local uptrend, while the RSI, after recovering, has a small increase with room for the price to go a little higher in the coming hours.
by cryptodailyuk
1
Daily BTC ShortTerm 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $28466, if the support is broken then the next support is $28302, $28151 and 28009 . Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $28623, if it manages to break it, the next resistance will be $28815 and $29056. Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD is close to returning to the local uptrend, however, the RSI is approaching the upper limit, which in the coming time may lead to another price rebound.
by cryptodailyuk
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in the triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $27857, if the support is broken then the next support is $27710, $27503 and $27233. Now let's move on to the resistance line, as you can see first we have a resistance zone from $28025 to $28225, if we manage to break it the next resistance will be $28379, $28540 and $28770. Looking at the CHOP indicator, we can see that we still have the energy to move, the MACD indicates a transition to a local downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly choose the direction.
by cryptodailyuk
btc/usd massive cup formationBTCUSD has printed a massive cup, I am expecting the handle to form next and for BTC to slowly grind down towards 17,600-18,600 range before eventually rocketing back upwards once the FED takes a more dovish approach and slows or stops the interest rate hikes. With six consecutive months of CPI data showing that inflation is going down, I expect that Jerome Powell will be able to take a slightly more dovish stance which in turn can uptick all markets/assets.
COINBASE:BTCUSDShort
by thecryptoapex
1
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $16766, if the support is broken then the next support is $16671 and $16597. Now let's go to the resistance line, as you can see the first resistance is $16898, if you manage to break it, the next resistance will be $16984, $17054 and $17122. Looking at the CHOP indicator, we see that in the 4-hour interval we still have energy for the next move, the MACD confirms the local uptrend, but the RSI is in the upper part of the range, which may indicate a small correction.
COINBASE:BTCUSD
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, I invite you to the BTC to USDT review for four hours and as you can see we are moving above the local uptrend line. Looking at the next hours, maybe days we have a support zone from twenty thousand six hundred fifty one dollars to twenty thousand four hundred twenty two dollars, if this zone is broken the next support is at a price of nineteen thousand seven hundred sixty seven dollars. Looking the other way, we have a resistance zone from twenty thousand nine hundred and twenty dollars to twenty one thousand one hundred and seventeen dollars, then we have resistance at twenty one thousand two hundred ninety seven dollars and twenty one thousand four hundred sixty eight dollars. At the four-hour interval, the chop index indicates that the energy has been used and is slowly starting to increase, while the makdi indicator indicates a local downward trend.
by cryptodailyuk
1
BITCOIN BUY! SHORT! Wait... What even is this?If you haven't heard the word "Bitcoin", you must have been just born yesterday. It is a digital currency that is currently valued over 20,000 USD. Yes. 20 Grand. Now, I won't mention anything about a "huge bubble about to burst" or "just a dream". Instead, I want to go deeper. What even is this thing? Why is it such a hot concept? And is it actually the future? Well, Bitcoin is a cryptocurrency/blockchain currency that you can get by buying or mining, which I will dive into in a later post, and it can be traded for currencies like USD. Although it IS a currency, its volatility makes it... not so much of one. Usually, in a currency, what we are looking for is stability. However, the volatility of Bitcoin makes it such that it can grow 10% or fall 15% in one day, which is shocking! To make this easier for you to understand, you may be able to buy a pen for 0.00001 of one bitcoin , but the next day... you can't. In fact, you don't even have to wait for a day. Just wait for a few hours, and your purchasing power can literally (and I am not kidding) plummet 20%. One moment you can buy something, and the next you cannot. Now, while Bitcoin is currently traded like a stock, its main purpose is to be a currency, to be used to buy things with. However, Bitcoin can only buy almost none of the billions of products out there. And isn't that the POINT of a currency? See, that's the problem. Since Bitcoin is decentralized: 1. Its volatile and not suitable to be used as an actual currency 2. It cannot buy actual goods 3. Governments are against it 4. Any new cryptocurrency created by a government will easily be more trusted than Bitcoin 5. It's not as safe as you think (proven by how it got hacked in early 2021 by the FBI (for good purposes) to recover ransom money from hackers) 6. Only a few institutions support it Thus, before you invest in bitcoin , take a while to see what exactly is the thing you are looking at. For this entire year, investors like us have been just blindly following the crowd. Bitcoin (and crypto) could be the future, but from my point of view, its just some code put together haphazardly. Unless governments back up Bitcoin or create a new cryptocurrency, at least for now, this thing isn't going to the moon just yet. For now, we can only trade crypto for the short term and not invest in them.
by AlphaTigerInvestments
Is BTC about to break further down? BTC 1h chart update What we are currently looking at is a potential bottom scenario forming - we had a big sell off event in those last candles before pivot points started showing bullish structure with setting higher-highs and higher-lows, breaking into space between 50 and 200 EMA. The big sell off at the end is usually when bears make a final push, but the asset is bought up and because of that the demand out-weights supply, resulting in price trend change. So far we are in 3 accumulation channels: - white zones, limiting growth and fall - this is the widest channel, which will be last confirmation of trend direction when broken (and the strongest as well) - orange lines, showing a rising channel for short-term, which is on the brink of being broken downwards, but still showing support holding so far - 50 and 200 EMA, which are closing up together, potentially getting ready to crossover, if we can get price action moves above 200 EMA On the last one, I have to say that price is currently staying lower than 50 EMA, so saying that we are waiting on bullish crossover is still quite far fetched. We do still see pivots forming higher-lows, which is good. On the other hand, we don't see and new highs in last 48 hours and this is not a good sign for bullish continuation. Same picture is showing on RSI and MACD - price is consolidating closer together and if we had Bollinger bands on chart as well, they would be closing up. This is another signal that price is forming to make a break out! The question is in which direction we will go? US market - NASDAQ is showing some strength and growing in last 48 hours, so if it continues in this direction we will also see more growth on BTC and ETH. But before we can make a new high on BTC and breaking through 32k, we are still very much in bear trend. So opening longs here is a risky business. By the current channel structure, I would still go short for a day or two and keep my eye on stock market. If it indeed manages to break out of current down pressure, then we might see an awesome bullish run yet.
Short
by AtomicStag2000