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BTCUSD-TRADE

BTC Bounce Back!?What do we have here? BTC just slip to $47k . It did not happen just because it happened. It is perfectly hitting the price target for the M Pattern or The Double Top with low volume from our Awesome Oscillator Indicator. The bulls tried to continue the bull run but no volume is available, so the bears overpowered them with the whooping $4k lost in price action. What is the next price target we are looking at for BTC? Currently we are on a healthy retracement from RSI oversold. breakout to the upside from the channel down trend line. Buy in the green price and take profit in the $49,289 for the breakout price. With Awesome Oscillator, the index is still telling us that we still have volume to go down so we can expect more to the downside. of course with retracement as our RSI is already oversold in 1H TF. Other Possibility? If you are not planning to go against the trend in the bigger picture. you can wait and short when the price reaches The FIB Retracement at 0.618 then exit at the current support ($45-46k). However our price target is way below the major support ($45-46k), we can target profit around $44,800 for the breakout price of the rising wedge. since $44,933 is the breakout price for The Head & Shoulder Pattern inside the rising wedge, so the Golden Ratio we are expecting is about $44,280. Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to learn more! Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BYBIT:BTCUSD.PShort
by Trade_Scholar
BTC - a different view!!A simple chart can tell you so much, without indicators and other tools, sometimes the view can be so clear. Taking a look at $btc we see the first challenge it needs to overcome is the last high at $52k which was in late august. After we close above that price on the weekly chart we can expect to see $60k btc. Again, we will battle that area and upon close above there we will surpass the last ATH and create new highs! However if we fail to close above $52k this week, we can expect some short term retracement. - Line charts are crucial in determining direction of price, as they represent the closing price.
BITSTAMP:BTCUSD
by Christianv23
ETH targeting ATH this weekGood morning traders! Welcome to a new week! As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level. You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally. I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback. As always trade safe EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
ETH/USDT - new updateHow I said early, we are going to test key level. After that, the best option would be to create a range near the resistance line. Only in this case, would be a beautiful breakout. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
18
BTCUSD TREND FACTORS EXPLAINED. The value of the bitcoin has been rising over the past few weeks, reaching a record high of 20000, in December last year. The value of the bitcoin has multiplied in the past as well, due to large investors investing in it for immediate profit. Some experts believe that in the aftermath of the Coronavirus outbreak around the world, investors consider the bitcoin to be safe for their assets. But experts believe that the value of this bitcoin will continue to fluctuate and its value may increase with the further depreciation of the dollar.
BITSTAMP:BTCUSD
by DragonCaptain
BTCUSD keeps a wedge.Hello. BTC is still in a global rising wedge. It kept above the trend line and continues the local upward movement. It should be borne in mind that the wedge resistance line is drawn along the shadows of very "emotional" candles. Btc is gradually approaching horizontal range support. Studs stand out very strongly against the background. The bulls seem to be trying, but they are instantly stopped. At the moment, nothing prevents you from going to 11000. The best option would be to fold the position there. At the moment, everything looks in favor of the bears: the instrument is likely to exit the range downward in the near future. The scenario will be canceled by a confident breakdown of the wedge upwards.
Short
by CHOWTRADE