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Btcusdidea

BITCOIN CONSOLIDATING & PREPARING FOR UPSIDE.BITCOIN CONSOLIDATION & PREPARATION FOR A MILD BOUNCE FROM THE ASCENDING TRENDLINE. Bitcoin has been consolidating on the ascending trendline which had been established over the past 2 months since its price bottomed in mid-June. The move looks to have been completed & relief on CAPITALCOM:BTCUSD price seems to be in the works. RSI The RSI on the 1H is at 30 (barely oversold), RSI on the 4H is at about 26 at the point of writing, and on the 15M, we can see RSI at the mid-range of 50. On the macro time frames the signal would be that after the latest capitulation move CAPITALCOM:BTCUSD is ready for relief & we should be eyeing a move to the ~61.80% level to the ~38.20% Fibonacci levels. BB%B The BB%B indicator with a longer period of 75 shows that there has been a double bottom of price action, which is also reflected on the chart at the support levels of $20,800 where the price has already bounced twice. We can expect to see a strong expansion or oscillation of the indicator to the upside above 1.0 readings over the next 36 hours from the writing of this post. Targets Based on the cyclical timeframe measurement, we should be able to expect the price to hit targets of $21,550 within the next 24 hours of the time of writing. The secondary target for the relief bounce of price would be $21,795 within 48 hours of the time of writing based on the cyclical timeframe measurements. If you managed to fill your entries around the $28,000 levels, you could expect a 3.18% move to the upside at target 1 ($21,550) & a 4.56% move to the upside at target 2 ($21,795). ------ As usual, this piece of analysis is simply my perspective & due diligence is imperative when you are entering your trades. Leave a like or comment if this piece of analysis helped. Good luck trading. NOIV
CAPITALCOM:BTCUSDLong
by NOIV
BITCOIN: MUST HOLD! Hello guys, welcome to this BTC update. I going to keep it easy and straightforward. Time frame: 8 hours. Recap: BTC couldn't keep up with the $23.5k to $23.5k support range in 4 hours TF. My previous post mentioned the bearish rising wedge pattern, which broke down hard. Update: In the last 5 and half days, BTC has dropped by -15% and we can literally see the entire market reacting accordingly. In this 8 hours TF, we have strong support at $21k and BTC must hold this support line by any means. We can expect a bounce anywhere close to the support range only if BTC manages to stay above the $21k range. Dropping below this range will be critical. Can this be a good time for accumulation? - If BTC holds this level then yes, it will be a good range for accumulation. I am accumulating BTC at this range. I hope this update is helpful for you. Trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
7
BTC maybe fall?Taking a brief reading of the Bitcoin price structure, I see the ongoing construction of a distribution process, that is, momentarily falling in price, and so we have the possibility to see the price at 20k again. I honestly wouldn't like to see the price go back to that level, however, the market is sovereign and does what it wants. Now, when it comes to Bitcoin, this speech about the influence of the FED, Inflation from I don't know where and etc only serves as an excuse for manipulation, because that's where I know it came to be against or part of it and not part of it. So, don't fall for that, study the price structure and always look at the volume Good luck to everyone
Short
by fgolobovant
BTC:Channel boundary?Bitcoin Intraday - We look to Buy at 22818 (stop at 22348) Trading within a Corrective Channel formation. Trend line support is located at 22750. We look for a temporary move lower. We look to buy dips. Our profit targets will be 23987 and 24387 Resistance: 24000 / 24800 / 25200 Support: 23500 / 23000 / 22500 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:BTCUSDLong
by VantageMarkets
BITCOIN: HOLDING THE SUPPORT LINE.Welcome folks to this BTC update. I am using shorter TF for this chart analysis. Timeframe: 6 hours. Recap : According to our previous update, BTC is still maintaining the 21 MA support level in 3 days timeframe. Update: In this 6-hour TF, BTC is holding good support at $22.6k. You can clearly see that this is the exact support line from where BTC has bounced back twice already. If BTC manages to break above the 21 MA then we can expect a rally up to $25.5k. Bearish Rising Wedge: BTC is under a bearish rising wedge formation which isn't good. If BTC breaks down below this support line then things may turn out bad for the market. Conclusion: It's better to wait for a confirmation call. I hope this update was helpful. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4
BTC short !Shorting BTC from nice supplyzone whcih has liquidity inducement and thats why its high probable to work. Nonetheless I expect BTC to aim higher towards upper 20k possibly this month. I'm targetting demand zones as you can see on chart and looking for buys there cause overally on 4h and daily we are still "bullish" and didnt reach any significant higher time-frame zones for shorts. I will keep you guys updated for possible longs in next coming days. Feel free to drop comments and any questions, Enjoy and good luck with trading ! :))
Short
by financialSalam70067
👽 BTCUSD 👉 Time to make money 😁👽 BTCUSD 👉 Time to make money 😁 The lower border of the rising channel provides an opportunity to buy on the rebound ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
BITSTAMP:BTCUSDLong
by QuantumLabSignals
3