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Btcusdforecast

BTC weekend UpdateBTC got rejection from 19800$ level, price saw a good spike in price but it did not able to sustain it. Next support 18600$ to 18400$.. For a good upside move it need to close above 19600$👆 to march upward... H1 Resistance level is marked at 41.92% to 41.86% level from where the price action got rejected and and went down As the volume decrease in bitcoin which is why the decrease in the price we are seeing However, The price action is still consolidating in Daily Horizontal Resistance zone on Daily timeframe main resistance area $20500 to $20850 main support area $18500 to $19360 DYOR and As always, stay safe
COINBASE:BTCUSD
by henstar
BTC Weekend UpdateBTC got rejection from 19500$ level, price saw a good spike in price but it did not able to sustain it. Next support 18500$ to 18300$.. For a good upside move it need to close above 19500$👆 to march upward... H1 Resistance level is marked at 41.92% to 41.86% level from where the price action got rejected and and went down As the volume decrease in bitcoin which is why the decrease in the price we are seeing However, The price action is still consolidating in Daily Horizontal Resistance zone on Daily timeframe main resistance area $20400 to $20750 main support area $18250 to $19300 DYOR and As always, stay safe
by henstar
BITCOIN: A QUICK COMEBACK.Hello traders, I hope you all are doing good. There's a lot happening in the market today. In a lower timeframe, the market is completely messed up but in a higher timeframe, you can see a crystal clear scenario. Timeframe: 12 hours. Update: After the daily close, we saw a sudden drop of -5.45% ($19174 to $18131), and right after the drop, a quick comeback of 6% ($18131 to $19225). The drop helped some wise traders to get into BTC at around $18k. For quite some time, BTC has been following both the support and resistance trendline in a disciplined manner. We can expect BTC to reverse the trend but only if we see a breakout above the upper trendline i.e., at $20.2k. BTC still looks under control in this 12 hours chart and until & unless it is above the support level, we are good to go. Note: The 12 hours chart is completely different from the 3 hours or 4 hours chart. I hope this idea is helpful to you all. Trade safely.
Long
by Dexter_The_Trader
2
BTC 4H TF (short term analysis)BTC / USDT In 4H TF chart : BTC is forming ascending triangle pattern Price is testing resistance for the 5TH time which make short term bullish scenario is in high probability (after breakout) Invalidation of of this structure : breakdown yellow trend-line in my chart and we might make a new lower low before new uptrend Forming a bottom is taking time. never lose your patience Long term analysis is coming soon so stay tuned What do you think about BTC in short term and long term ? ❤️don’t forget to support my work ❤️
by Babenski
51
Bitcoin - is showing weakness. The price came to the upper boundary of the trading range, in this situation, the chart shows the lack of demand, and then rolled back to the lower boundaries of the trading range and continues to trade in a narrow range with falling volumes. Today there is a news background to the increased volatility in the markets. If you like the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BINANCE:BTCUSD.P
by Artem_Dishel
4
BTC💰 - Historical log chart🚀Will history repeat... Can bulls reclaim that MA200 next and push to get that MA50 back above the MA100 (Golden cross) on HTF.. Keep in mind this could take months to complete as the chart is HTF -Weekly Even if we had to visit the major 0.886 around $11k now or early next year after a relief rally.. BTC could easily reach $240 - 300k by 2024/2025.. Looking at historical data and the growing adoption etc Looking at the current user/ wallet growth per year.. We are steadily heading towards a "breakout" in the % of the population that actually use cryptocurrency.. Look at other tech for example.. Internet, cell phones.. etc.. Just think about Facebook 10 years ago almost nobody over 35 -40 years old even knew how to use it and just look today.. Geez, even grandma and grandpa are using it and interacting on posts +sharing etc.. It's coming.. And we are here sooo early and have a massive advantage above +95% of the earth's population.. PATIENCE is needed!! Even if we go for 1 more dump... Zoom out and look at the big picture and ask yourself what you are doing in this space.. As Warren Buffet has said.. "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes" That is why I have started laddering into my spot positions since June this year, if we go for 1 more towards the downside thb I don't mind will DCA and enter new lev positions as I will get stopped out in profits let's GO.. By 2025 I want to be a Billionaire, not a basement day trader.. My mind is focused on the big picture and I am unaffected by FUD.. Most try and time the exact bottom/top and end up fomoing into the market when real traders TP then fear sell... And repeat.. Trading isn't easy if you are not mentally prepared to stick to a logical strategy and plan.. And personally, I believe in a HTF strategy of starting accumulation when the HTF Indicators are into the oversold region and we start testing HTF demand zones.. Not saying I bought the bottom but I can guarantee you that when I sell my spot 24/25 with huge returns I definitely won't be looking back.. Imo the crypto space is currently entering an era that will see more and more adoption, new cellphones will be using blockchain tech and you'll start seeing "super wallets" that you can tap and pay using crypto.. In a few years, it will become the norm and everyone and their gran will be using it.. The first 5-10% of global adoption is always a painful and slow process but then BOOOOM out of nowhere it just takes off and that's when we really get paid.. I truly believe we are still early. From 2025 you can imagine if BTC let's say tops out around $240 -320.. A standard 0.618 retrace would mean $150 -200k pullback lol The digital era is here and we will forever move deeper into it as time progresses.. And with governments and corruption around fiat + constant "printing themselves out of trouble" the general public is losing confidence in the current monetary system and the people controlling it.. This will eventually be the major catalyst for change imo
BITSTAMP:BTCUSDLong
by Lou777
BITCOIN: IN A CRUCIAL POINT.Hello traders, I hope your weekend went well. Here's a quick update on BTC. Timeframe: 3 hours. Preview: In our previous update, we discussed the bounce back on BTC from the $19.2k support level. Unfortunately, it didn't go according to plan. But the 3 hours chart is still showing something positive. Update: My previous 3 hours update still remains valid compared to the 4 hours chart. In this 3 hours TF, BTC is still holding the supporting trendline which is a positive thing for the market. The RSI has reached its oversold range and anytime soon we can see a good rally on BTC. This is indeed a crucial point for BTC. If BTC manages to sustain this level, we will possibly see a rally soon, if not then we can expect a further drop in the market. For spot-holding, a breakdown will be a good opportunity to accumulate BTC. I hope this update is helpful for you all. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
2
Will the "Green October" be repeated this year on cryptomarket?Consolidation in the cryptocurrency market continues. The result of such a protracted consolidation will be a strong impulse movement, the only question is where? As you can see from the iconography shown on the BTCUSDT chart, in the previous years of trading 7 out of 9 Octobers were green, that is, the market was growing In the current situation, it is like a ray of hope in a chaotic, protracted and dark downtrend. The chance to work out the double bottom pattern, which we described in the previous idea, is still relevant: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
53
BITCOIN: HERE WE GO! Hello traders, I hope your weekend is going well. Here's a quick update on BTC. Timeframe: 4 hours. Preview: Previously, we discussed the $19.4k support level and the possible bounce back but we saw the price moving a bit more downward. Update: In this 4 hours chart, we can see that BTC holds a good support level at $19.2k and can literally see it bouncing back. Now, I am not expecting a massive rally on BTC (per the bearish situation) but at least a rally toward $19.8k to $20k would be great. Conclusion: As per the market scenario, A rally toward $20k awaits for BTC. For now, I am long on BTC with SL below $19k. If BTC breaks down and closes below the trendline then I am gonna open a short position once again. That's it from my end. I hope this idea is helpful for you. Thank you for all your support. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
2
BITCOIN: MUST BOUNCE.Hey guys, a quick update on BTC. Timeframe: 3 hours. Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now. Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the $19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, $19k is the level I am expecting. The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now. Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long. What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments. Thank you so much for your support. God bless and trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
4