BTC Perfect exmple of support turns in to resistance!Yestaterday i put long position because of the Bull flag breakout.Target was almost hit but i took my profits at 45.4k because of the previous support now turned in to resistance at 45.5k.
If we see sign of a bounce i am ready to put small long position at the weekly support at 43.1k
Trade smart and good luck to all traders.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Btctothemoon
BTC rising channel on 4 hourly timeframe As i said before we are in rising channel on the 4h and we got our 3 touch points so my short position got filled at 42.5k.
We are forming massive bearish divergence on 1h timeframe and that is conformation that we are going down in short term.
My profit taiking area is at 40.6k.I dont think we are going below that.
I am in 20x levrage position with stoploss at 43.2k
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
BTC rising channel on 4 hourly timeframe.We are in rising channel on the weekly and 4 hourly timeframe.
BTC is now above resistance line from 39.3k and 40.6k is interesting to see if we can turn it to support now.
RSI is overbought so it is most likely to retest resistance and turn it in to support.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
IS this bulI run over?? My answer is no. I have found a very important thing from BTC chart, According to my BTC chart currently retrace to the previous breakout. This is a very big news for the crypto hodlers. In my Opinion This bull run will be continue to the next year (2022).
I have mentioned all points in my chart.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
BTC will continue to consolidate or continue to grow?
At the beginning of the week, digital assets were under pressure from long-term negative factors, a general decline in investor interest in digital assets, and expectations of the start of tightening of the US Federal Reserve's monetary policy. However, the “bears” failed to break the key support levels down, which led to corrective growth. At the end of the week, the strengthening of the market was supported by the head of Tesla Inc. Elon Musk. He stated that as BTC mining increasingly relied on renewable energy sources, his company might start accepting it as a means of payment again. Musk also confirmed that Tesla Inc. and Space Exploration Technologies Corp. (SpaceX) owns BTC, and the entrepreneur himself, also to the first cryptocurrency, also owns ETH and DOGE.
The comments made by US officials this week are also worth traders’ attention. Treasury Secretary Janet Yellen called for the early creation of a regulatory framework for stable coins, as the volume of their use as a means of payment was growing rapidly, which might pose potential risks to the country's financial system. The new chairman of the SEC, Gary Gensler, is of the same opinion. He recalled that today, many platforms around the world created cryptocurrency tokens, the price of which was based on various securities. Such products are subject to securities laws and the companies that issue them must adhere to these laws.
Technical Analysis
Just buy the dips.
btc possible predictionnot sure just a prediction by a beginner. there are two possibilities in which 28000 can actas a fkin major support . it can drop to 28000 because of grayscal unlockk on 17 july. it has 16000 reserves of btc. many huge instituition might sell it so its price can go down to 28000 and then the targets of many bhuge instituion and whales will achieved and the price can blow up.
2nd scenario. if those institution wont sell huge amount so it can make 30000 as its suppoort.
thank you.
its not a financial advice, its just a prediction by a rookie. thank you
BTC/USD correction finished?So price hit 30k and this is a little higher than 0.618 Fib. Now this is healthy correction. On 4hr we can see that wave C have 12345 form and wave 3 completed. Now we are waiting for wave 5 and buy it. First target after correction finished is 52k as 50% from ABC correction. But make it clearly correction is not finished yet. You can buy it in 27-37k range. If it goes under 27k, this is not healthy correction and things can go down to 16k etc. So be reactive and keep calm. BTC and all cryptos will raise UP anyway, but now we need to get this correction and wipe all random buyers out.
CRYPTOWATCH // 03: The magic Bitcoin (28 April 2021)LIVE CRYPTOWATCH: I found a Bitcoin on my total cryptocap chart, I dont know what its doing there but I have this feeling something is about to happen when hits the Bitcoin... Maybe its just nonsense but maybe you might wanna check in at 21.00 CET tonight. ;)
Also check my other crypto watch charts; always something happening when I post these... (probably just a coincidence)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN AnalysisUpdating the last post.
BTC going down as spotted, healthy correction.
Touched the second zone I had market today and it started to have some minor pullbacks, specially if you check the 4h chart.
My expectations for BTCUSD is $43.7k as a good dip to add more buys, it's already at good price, everyday it is a good price if you're holding long term with the expectations of 100k USD, but also doing DCA it's already a good discount from what it was before.
I believe in the crypto ecosystem and this post here for me is just more like a journal to see how things pan out in the future.
I can only imagine how Michael Saylor is loading the bags now again haha
I'm waiting for the bnb project in the 1263$ little moon ! I'm waiting for the bnb project to sell 50% of my baby bnb's in the 1263$ little moon then at the biG reAL MOon (I 'll be coverig the real one late this 2nd coronA SuMMer ^_^ Do not sell you presious bnb(s) instead you can buy extra bags of those wonderful USsfUL tASTy coins ^_^ ! (for me bnb is more conviniente that btC (it's more secure, it's faster and it's the best Exchanger worlwide Coin extreamly crucial for trading !!!! So !!!! Do not sell it those babieSSSSSSS ^_^
BTC Dupming ScenarioBTC has chosen the Correction Path with a nice Reversed Cup & Handle Pattern Leading to a Short To Mid-Term Correction
#BTC will land on 33K Level on Short Term Then 30K In Mid-Term Altough,the only way that if it happens it leads to expand the correction to Mid-term is that the major support level on 33k gets broken hardly.
#possible Long Scalping Setup On 33K Level.
**My Other Idea About BTC which i showed the Correction From 38K is hidden... why tradingview ?
Third Time’s the Charm! Bitcoin Achieves Resistance BreakthroughBitcoin has already tried and failed to break the newly formed $16,000 resistance twice. The third time was a charm and a breakthrough was finally achieved.
Current Uptrend Analysis
Since October 8th BTC has been in a near-constant uptrend, growing by more than 50%. One of the best indicators for judging the uptrend on the 4h chart is the 50 EMA. The 50 EMA has stayed below the price during this bull run and acted as a support upon which the BTC’s price has retraced to, before pushing higher. The 50 EMA acted as support after both failed attempts at breaking $16,000.
The Bollinger Bands have also been a useful indicator to judge this uptrend. When the Bands widened, the volatility increased, and BTC showed a clear trend closely following the upper band. When the bands tightened, BTC was locked in a range. The Bands are currently somewhere in the middle, not very wide but also not very tight.
Another critical aspect to note is that we have seen BTC making higher lows during this uptrend. The fact that it continued making higher lows holds weight, as it showcases that the coin is still very bullish, and the uptrend doesn’t look like it will face a significant correction at the moment.
Breakthrough
Yesterday Bitcoin finally succeded in breaking the $16,000 resistance. The price has edged ever closer to the resistance, and then it finally achieved a breakthrough. The price may now retest $16,000 to confirm the breakthrough before moving higher.
The next target for Bitcoin now stands at $17,000. This level acted as an important resistance during the December 2017 bull run.