Get started

Btcusdidea

BITCOIN: IMPORTANT UPDATE!!!Hello everyone, welcome to this BTC weekly update. Update: Bitcoin has been hovering between $18k to $20k for the last 18 days holding the $19.5k support level. If you look at the chart, in the past, BTC reached an ATH, then got rejected, followed by the formation of a new support level, then further rejection, and then a bounce back. A similar move is happening now where BTC made an ATH ($69k), got rejected, made a new support level ($29k), got rejected again, and now holding strong support at $19.5k. The doubtful part of this chart is the bouncing level. In the past, BTC has always bounced back from the lower supporting trendline, and if BTC will follow the same pattern then $14.5k could be the level. On the other hand, if BTC maintains the $19.5k support level then we can expect the rally towards $29k can take place from the present support level. All I can see is a bounce towards the $29k to $30k level to be happening soon. RSI: The RSI level on BTC is already at the oversold level and sooner or later it has to bounce back. Key levels: 1. $19k support level. 2. $14k support level. 3. $29k resistance level. Note: This chart is in a higher timeframe so do not consider this as a trade setup for scalping. I will update more on this in the coming days so stick to this channel. If you haven't followed me yet then do hit the follow icon for more interesting updates. Likes and comments are highly appreciated. Thank you.
Long
by Dexter_The_Trader
5
BITCOIN: AT VERGE OF REJECTION.Hello traders, BTC didn't play out as expected. It is currently at the edge of rejection breaking down below the lower trendline. If the next candle closes below this trendline then be careful with your trades. It could be a fakeout as well but considering the volume, and the 21 MA, it is not showing any bullish sign. I will close my positions on BTC, ETH, and GALA on leverage if the next candle closes below the supporting trendline. The best suggestion will be to stay away from the market for now and if you have any open trades then use SL. I will keep updating about the market situation.
COINBASE:BTCUSD
by Dexter_The_Trader
2
BITCOIN UPDATE: A DROP EXPECTED!!!Hello traders, here's a simple yet important update on BTC. Timeframe: 3 Days. Update: BTC has been trying its best to maintain the $20k level and it is still holding it. After the quick drop towards the $17k, I expected BTC to rally close to the $27k level but the recent drop formed a different scenario. Looks like BTC is not done yet and it might still drop further down. As we all know that the $17k range is showing major support for BTC and if at all BTC breaks below the $20k level then $17k is the only support to hold. According to all the F.A and T.A, I am expecting a further drop in BTC holding the $17k support and then a bounce back towards the $27k by the end of the 3rd quarter. The only invalidation point will be the $17k support level. Conclusion: This market is full of surprises so do not trade blindly. It is not a bull run, my friend where you pick any coin and it gives you 30x to 50x. This is a bear market where everything burns. If you agree with this idea then show some support through likes and comments. Any suggestions or corrections are welcome as well. Thank you.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
6
BTC/USDT 1hr CHART UPDATE!!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see at this above-mentioned charity BTC is currently on the way to printing an inverted head and shoulder pattern but the right shoulder is still incomplete. Let’s see how BTC performs in upcoming hours and goes in which direction. Formation of an inverse head and shoulder and break above will lead BTC towards the price level of $23k. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
BITSTAMP:BTCUSD
by Domino_Crypto
2
BTCUSDT EFFECTS ON ITS TREND PATTERNSBITCOIN | From july 19,2021 till date, btc has apparently formed three bearish pattern which has been identified on the chart. The head and shoulder pattern has completed its cycle but then btc still continues with bear sentiment due to the breakdown at the resistance level($43.03k) which is the weekly support and the continuous bearish patterns formation. The only save for btc is the third pattern which is the ascending triangle that could prone btc to retest the weekly resistance for the second time,in the event it breaks, a huge uptrend is likely but if gets rejected again, we'd definitely see a nosedive in the whole crypto mkt as btc will look forward to the area that needs to be retested before we see a trend reversal. The minor and key s/r levels have been highlighted on the chart, its advisable to keep tabs on the highlighted areas to be cognizant on the next move to avoid liquidation. Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates...
Short
by Pearl-A
4
BtcusdtBtc hit 18712 from my long and If you are in that trade I expect you to take profit @18700 because generally BTC is bear or bull I can't say but here is what I know $20,000 is broken 😞 Stay away from market for a while. If u are newbie A descending triangle on the hourly chart broke in a downward direction. The target of this triangle breakdown is the $16,700-$17,000 area. There is no strength in the market yet and big liquidations are going on. BTC needs to go above $20,000 to bring some positive momentum. Wait for Monday for the global market opening.
by phenom118
Btcusd bearish view following trendlineHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about BITSTAMP:BTCUSD We can see a clear breakout through its previous support and currently standing near is 2017 record high. Its a strong support in D1. And FED hike the rate by 75 bps. So we are expecting more fall near 17000, than 12000 and than last target could be 3800$. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
BITSTAMP:BTCUSDShort
by Theranasaramd