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Btcusdforecast

Bitcoin- I still expect a big drop in priceLet's be honest, Bitcoin didn't do much this year and, excepting some spikes up or down, it moved in 10% range between 38k and 42. However, looking at price development, is clear, at least for me, that bulls don't have any power and the pressure is on the downside Yesterday, another spike up was fueled by FED, but also this is very short-lived. My expectations remain the same, a drop in price to AT LEAST 30k, and we will see from there. Any rally should be considered an opportunity for short in my opinion
BITSTAMP:BTCUSDShort
by Mihai_Iacob
72
BTCUSD Flash | What is happening?Price is currently sitting on both a bullish trendline and a strong demand zone that has held price "supported" since February 2022. Are we going to witness a breakdown or trend continuation in the next couple of days? What do you think? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSD
by darcsherry
#BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, welcome to this BTC /USDT 1Hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS:- On a 1hr chart nothing much changed, we can see BTC is still trading inside the triangle pattern and holding the lower mid trend line support very well. In the current scenario, BTC is trading near the upper trend line resistance which BTC must need to brake this triangle pattern for a short-term bullish rally towards the $42k. For now, we should wait for the confirmation to take any position in BTC OR ANY ALTCOINS. If BTC breaks the lower mid trend line support then this chart will be invalidated. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Will The US Dollar Crash Bitcoin ????MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. IF USD breaks out of this pattern it can put pressure on Bitcoin . So this is a very important pattern to watch There is a bullish argument to this that I will need to make in another video ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by MartyBoots
5
BTCUSD LONG - Buy Entry - D1 ChartBTCUSD LONG - Buy Entry - D1 Chart Buy @ Market Symbol: BTCUSD Timeframe: D1 Type: BUY Entry Price: Buy @ Market Resistance @ 57759.8 Resistance @ 55421.3 Resistance @ 45071.2 Pivot Point Yearly @ 41736.7 Support @ 36886.5 Support @ 34504.7 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
BLong
by UnknownUnicorn35780991
BTCUSDBTC/USD may be about to open its May trading below the 40,000.00 mark. Even if a sudden spurt upwards develops it will have to be strong to create a positive short term outlook for Bitcoin. The biggest and most famous cryptocurrency among the heap still remains ‘champion’, but a return to its bearish trend has likely caused some speculative fatigue among BTC/USD traders. BTC/USD has stumbled badly in April after beginning the month near a value of 47,400.00. The broad cryptocurrency market has also been overtaken by dark shadows again, and a correlation between the likes of Bitcoin and negative results in the NASDAQ 100 are being seriously discussed, even though they are not proven. Riskier trading assets have certainly seen less speculative buying the past month. The question is when a return of risk appetite, and perhaps even value seekers will start to create upwards momentum. As of this writing BTC/USD is near the 39,500.00 level and has proven choppy the past few days. A low of nearly 37,660.00 was displayed on the 26th and 27th of April and the last time this value was exhibited was on the 13th of March, yes, essentially when Bitcoin began its two week upwards climb. The high price reached on the 28th of March which drove past the 48,000.00 barrier, led many backers of BTC/USD to potentially believe sunnier days were ahead and the long term bearish trend was dead. This however did not prove to be reality. Although Bitcoin remains the key asset in the cryptocurrency market it remains under pressure. If the 38,000.00 mark were to prove vulnerable in the short term, this could set off additional fireworks which may ignite further nervous sentiment. The correlation to Bitcoin and the NASDAQ may appear farfetched to many, but a comparison of one year technical charts between BTC/USD and the NASDAQ 100 look eerily similar. Bitcoin may not be believed as a cornerstone of the financial world by conservative financial institutions or investors, but its trading has mirrored nervousness in the global equity market. The next week of trading is sure to be rather tension packed as investors await the next U.S Federal Reserve interest rate pronouncements. Will BTC/USD be affected? BTC/USD Outlook for May: Speculative price range for BTC/USD is 32,100.00 to 50,900.00. If a speculator wants to pursue more downside price action they should be fully aware that BTC/USD is near important support levels. However, if BTC/USD breaks below the 39,000.00 level and sustains price action below this juncture without technical signals that a reversal is about to occur, further downside could be tested. The 38,500.00 level could be viewed with dangerous suspicion. BTC/USD has proven in the recent past to stage reversals upwards, when the 38,500.00 vicinity comes into view. Yet, if BTC/USD proves vulnerable and the 38,000.00 mark were to falter, this would certainly set off alarm bells among speculators who may believe lower price action is going to be seen short term. If March lows are broken and the 37,000.00 support level failed, a test of late February prices could be seen. Speculators who believe BTC/USD will live up to its reputation and provide a strong reversal higher cannot be blamed. However day trading BTC/USD and holding onto Bitcoin as a long term investment are different. Day traders need to choose their leverage and targets carefully. BTC/USD could certainly start to launch upwards and if the 40,000.00 mark is penetrated higher and prices are sustained and a move towards 41,000.00 suddenly erupts, other buyers will be tempted to join the party. A move above the 43,500.00 juncture and a test of 44,000.00 could create additional optimism. BTC/USD can move fast and speculators who are willing to bet on upside may be proven correct, but being able to participate in a real upwards trade instead of merely predicting the move are two distinct beasts.
BITSTAMP:BTCUSD
by SmoothJB
BTC UPDATE: IS THIS A RETEST???Welcome amazing traders. This BTC update is in a shorter timeframe of 1 hour. First of all, if you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. In the last 24 hours, we saw some greens on BTC but soon it dropped back to the level it was before. We have been using a higher timeframe to view the market and we don't see any drastic changes. Coming into a shorter timeframe like 1 hour, we can see some good changes. Currently, as you can see that BTC broke out of the upper trendline and dropped back. In trading lingos, we called it a 'Retest' and after every breakout and retest, if we have a bounce-back then it most likely confirms a bullish move. At present, BTC is trying to make a bullish move. Also, BTC has formed a rising wedge pattern and it is holding support at $39.4k. Now, we have a Goliath to face before going any further and that is the 21 MA acting as resistance which is at the $39.7k level. If the bounce is confirmed and BTC breaks above the 21 MA then we can expect a higher rally in the market. All this will turn into a false hope or get invalidated if BTC breaks down below the $39k support level (in an LTF). If you wish to trade on BTC then you can enter at CMP and keep your SL below $39k. That's all from my end. If you have any doubts or want to share your ideas then feel free to write them down in the comment box. Thank you.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
8
BTCUSDT Bullish Short TermBTCUSDT has successfully bounced off the bottom Bollinger Band and after a short struggle, overcome the Point of Control on the Fixed Range Volume (indicator) which now acts as support along with the three uptrend lines. The uptrends with a smaller gradient are more secure and thus will be respected for longer whilst the high gradient ones will be respected for a shorter time period. Moving Average Convergence Divergence indicator (MACD) has also formed a golden cross and is now appearing bullish again. The Relative Strength Index (RSI) has been in an uptrend as well since 11th April 20:00 whilst price of BTC has been stagnant and even a little bearish therefore this conveys that although price is falling, market sentiment is risign and gaining strength. The RSI is forming a rising wedge pattern which will mostly likely break below thus illustrating the price to be underbought. The price will most likely correlate with the RSI and thus I have indicated the timeframes and the approximate price at which the price of BTC will fall (after having risen some) (blue box with text), or there can also be a divergence in the price of BTC and its RSI in which case this will be a RSI Divergence and depict a weakening in the momentum of the uptrend, however price will take some time to fall back down instead of falling rapdily like the former scenario.
by danielbil