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Btcusdforecast

BTC: AT THE RESISTANCE LEVEL!!!Hey guys, welcome to this BTC update. BTC bounced back from the support level, not exactly from the support but close to it. If you have entered into BTC at around the $28.8k range then you are around 5% up without any leverage. Currently, BTC has strong resistance at the $30.2k level and if BTC manages to break above this level then we may see some good moves coming in. Rejection will be disappointing but it can give another chance to re-enter at the lower support level ($28k). I am holding a small portion of BTC and if it gets rejected back to $28k then I'll accumulate more. A rejection and close below $28k will be an exit sign. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTCUSD Bitcoin : Rise from the ashes or fade away? Why and how Let's shut down negative thinking and look at facts, fundamental and technical facts, which is what makes analysis. Fundamental - Bitcoin is an alternative to the stock market, USD, bonds and Gold. What advantage does Bitcoin have over the others? 1) Limited supply, endless demand 2) Payment solution to beat aged payment services in speed and bureaucracy 3) Security of funds is absolute due to Blockchain 4) Bitcoin is a natural hedge to inflation , which may be long-term with what's currently happening. 5) Diversification king. Diversified portfolios must include the coin. And more. Now let's look technically. 1) Convergence of 3 critical support trend-lines long-term around 25,000. *March 2020 - Today *Jan 2021 - Today *September 2021 - Today (Together with resistance forms a 'falling wedge' pattern which is bullish with consolidating highs and lows) 2) RSI 14 shows the most oversold daily condition since Jan 2022 , when BTC rallied from 30,000 to 47,000 - Before that, it was when March 2020 rally started and took BTC to almost 70k. BTC needs to go back above 30,000 to confirm short-term up trend. If Bitcoin breaks below the convergence of the support trend-lines, it could spike down to 20,000 and then 5,000-26,000 would be the next resistance to pass on the way back to up-trend. The odds of that are significantly lower considering the fundamental advantages and the oversold technicals. ------------------------------------------------------------------------------------------------------------------------------------------ Thank you so much for reading! If you found my idea helpful - Please like and follow , it would mean a lot to me :) Please comment with any questions you may have - I'm here to help. -------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by Exactus
2
BTC: We remain bearish territory?!!Bitcoin Intraday - We look to Sell a break of 28785 (stop at 29436) Primary trend remains bearish. A break of bespoke support at 28800, will open an aggressive bearish move. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 27207 and 26807 Resistance: 30000 / 31000 / 32000 Support: 28800 / 27700 / 27000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
5
Is this divergence relevant and BTC will pop?As we all have noticed, recently, BTC is strongly correlated with the stock market, and considering this correlation a true one, one may wonder if the recent divergence is of any relevance? What I mean by this is that looking at the Nas100 chart above we can see that recently, although Nas has made a new low, this was not followed by BTC. Considering that I expect the recent breakdown of support for Nas to be a false one and the index to correct higher could this translate into a pop in BTC's price? More, looking strictly at BTC's chart we can see that after the 25k low, the price is consolidating and is trading in a range between 28500 and 31k A correction in indices could lead to gains for BtcUsd and this can mean a break above 31k resistance. In such a case, BTC can accelerate its gains towards 36-37k horizontal resistance. That being said, I'm bullish BTCUSD at this moment and I will remain so as long as the range's support is intact
COINBASE:BTCUSDLong
by Mihai_Iacob
9
BTC Update - Next Target @ $25,000The 4 Hour chart is over bought. Momentum is dying and it looks like BTC will be on its way down soon. Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it. Small bounce expected once it hits #5. Entry Between: $30,791.00 - $29,414.00 Take Profit: TP 1 - $26,736.10 TP 2 - $25124.80 Stop Loss: $31,262.00 If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽 Happy trading! Not Financial Advise. Do Your Own Research.
Short
by priitzzy
1
BTC showing bullish divergences on dailyBTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be invalidated if price goes back to $29500 level and validated if we break $31500 so fingers crossed for a relief rally.
by NasirCrypto
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - update2Little idea update. After RSI formed a huge bottoming pattern on RSI in summer 2021 price retested this trend line in january 2022. This happened as in march 2020, BUT this time we had 2nd retest of a trend line on RSI - this looks bullish for me. Yes we could see some more volatility before going higher but i will not wait prices below 25k. I think this is extremely rare opportunity to enter the market OR to add BTC and other cryptos to your portfolio. This is not financial advice but i will accept this opportunity and hold strong untill new wave of fomo kicks in. Patience!
by fugasok
Bitcoin- What I would like to see to open a trade (buy or sell)Yesterday I said that BTC doesn't show any power to the upside, but, even if I'm bearish overall, let's be honest, bears are also dead and lack conviction. So, at this moment, I sit and wait with a clearlettingin my mind: 1. Bullish scenario: What I would like to see for opening a buy trade is a false break under the range's support (28.500) and a strong reversal back inside the range and above 30k. That for me is an indication that bulls are not letting Bitcoin drop and this is accumulation. 2. For a sell trade: Would be exactly the opposite, a false break above 31k resistance and a quick drop around support. That for me is a sign that this was distribution. For the obvious reasons, I will not trade the break in Bitcoin's case at this moment
BITSTAMP:BTCUSD
by Mihai_Iacob
20
BTC: AT THE SUPPORT RANGEBTC update: Welcome members, to this BTC update on 3 days chart. BTC has been moving in the same range for the last 7 days. Technically, we are still at the support range and unless BTC breaks down below this, we are in safe hands. If at all BTC bounces back from this range then get ready to see some amazing rallies coming in. Let us compare all the scenarios together. 1. BTC: BTC is at the support in the 3 days timeframe. 2. USDT.D: The USDT.D is at the overbought range in 3 days chart. It should show some rejection soon. 3. Fear & Greed Index: The market is at the extreme fear of 13. This shows that it is the accumulation phase for BTC. All this indicates a rally coming soon. Okay, I might be wrong at this and my probability could go wrong but the risk-reward ratio is a good deal here. Entering the market with a portion of your portfolio with a tight SL could be a good deal here. So, do your thorough research before jumping into any trade.
COINBASE:BTCUSDLong
by Dexter_The_Trader
#BTCUSDT The bottom is in????BTCUSDT 2 Day Chart:- 28.8k is holding so far which also happens to be the most important support level. The previous candle left a wick and got back into the channel. I still believe this could be the bottom. Only losing the $28.8k level would be bad for BTC and we could see another low below the $23k area. But this mpve will break the pattern. All eyes on weekly close now. We could see some sideways consolidation for the next few weeks. What's really important is to hold this green zone for BTC. This is not a financial advice , these are just my own observations. So, DYOR before taking any trade decisions based on my charts. Let me know what you think in the comment section. Do hit the like button if you like my updates. Thank you #PEACE Stay safe
Long
by Cryptorphic
4