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BITCOIN: THE DIP KEEPS ON DIPPING.Hello traders, Like I said in my previous update ‘the dip keeps on dipping’, well I guess we aren’t in the actual dip. BTC broke down the $28k support range which isn’t good at all. This is brutal for all the traders who went long on BTC and other altcoins and if it was on leverage then God saves them. All our past trades hit the SL and after that, I went to ‘No trade zone’ that’s why I did not post any trade setups. It was just the BTC updates I have been posting. Now, to analyze the current situation, I have this 8 hours chart which shows two support ranges. Support 1 at $27.7k and Support 2 at $25.45k. If BTC fails to hold the S1 level then we may possibly see BTC at S2. A close above S1 or the blue box will be a sign of relief for time being. The RSI is close to the oversold zone, the entire market is red, the F&G index is in extreme fear, the BTC.D is at the peak & the USDT.D is as well. All these indicate a rally to be coming soon. Until then don’t get rekt. Thank you and have a rekt-less weekend.
BITSTAMP:BTCUSD
by Dexter_The_Trader
10
BITCOIN UPDATE: A BOUNCE OR NOTHING.Hello traders, here's an update on BTC. The market dropped and we saw some reds around the corner. BTC is exactly at the support ($29300) and to be bullish again, BTC must bounce back from this support. If BTC breaks down below this level then the only support level I can see is the $28k after which there's literally nothing. A bounce on the other hand will shoot the price up aiming toward the $32k resistance. What's your call you the current BTC price? Share with me your ideas so that we can have a good exchange of ideas. If you like this idea then do like and follow.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
8
BITCOIN: THE ONE DAY HERO.Hello to all my members. Welcome to this important update on BTC. For today's analysis, I will be using the same 4 hours chart. The weekly close ended up giving a boost to BTC and other altcoins. Many assumed a bullish rally as they saw greens in the market and started posting bullish trade setups and ended up hitting their SL. Whereas in my Ethereum update I clearly mentioned that "We need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF." I am not trying to justify anything here but we really need to understand how the market play. In my past experience, I personally have made huge losses. I knowingly made mistakes by playing emotionally in this crypto market. It doesn't mean that I am perfect right now. No one ever can be perfect but we can have the thrill to learn more and educate ourselves. Okay, back to the chart. BTC is currently holding the support level of $29k. If the next candle breaks and closes below this support then BTC could reach close to the $28k level where we have our next support. A bounce on the other hand will be a good chance to enter the market and make some profits. We still have 1 hour left so sit tight and wait for the moment. Let me know what you think about the current market situation. I hope this update will be valuable for you. Trade safely, my fellow traders cause we have a long way to go together.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
4
BTC: A BULLISH WAY TO START THE WEEK.Hello traders. Dexter here with another BTC update. I hope you guys are all doing great and making some good profits with the recent pump. 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. So, if you like my ideas then do show a thumbs up and click the 'follow' icon. Anyways, let's get back to the chart. What a great way to start the weekday. a straight jump from $29868 to $31246. This pump has boosted many altcoins side-by-side which was interesting to see. The current price is stuck at $31218 which could turn out to be a resistance level for BTC. If not then $32200 is the ceiling. If you have entered into this trade with at least 10x leverage then congratulations cause you are 70% up from the entry-level. For me, BTC did not hit my buy orders for leverage trading but I do have my bags filled with BTC on spot. If you have trades open and you can see green in them then don't hesitate to book profits. It may go higher than your current levels but it is always wise to book good profits.
BITSTAMP:BTCUSD
by Dexter_The_Trader
My Btc Strategy / BtcUsdt AnalysisThe graphic is clear , you just have to see it . I do not give investment advice to anyone. This is my strategy. . . . . . Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. . . . You can support me by liking the analysis.
by stephbertalse
4
BITCOIN: STRONG SUPPORT AT $29K.Hey guys, I hope that you guys are doing good. My previous BTC chart got obsolete with the retest level ($30.4k) as BTC dropped and close below it. BTC has been rejected from the $32k resistance level and most likely the price can reach the level of $30k or $29k where we have strong support. Most likely, BTC will bounce back from the support and that could be a good level to enter into BTC only if there is a positive confirmation. If BTC breaks down and closes below the $29k support level then our trade setup will get invalidated. If at all we see some positive bounce then I will keep my target around $32k.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BTC: ALL WE NEED IS A RETEST AND NOT A BREAKDOWN.Welcome folks to this new update on BTC/USD in 4 hours timeframe. I post ideas related to cryptocurrency which are purely based on technical analysis. I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate.io, kucoin, etc. We use margin, futures, isolated, and spot trading. So, feel free to follow me for the latest updates. Alright, let's get back to the chart. We have seen some positive moves coming in on BTC lately. The daily close for BTC was at $31726 which was perfect for the upcoming expected rally. In a higher timeframe (1 Day or 2 Days chart), BTC is most likely to bounce back and in a lower timeframe like 4 hours, BTC should show some retest. The clear reason for the retest is the RSI. The RSI is in the overbought zone which needs to come down. Honestly, I will be delighted if BTC rallies further from the current level but if BTC is aiming for a sustainable bullish rally then it must show some retest at around the $30.4k level. What do you think about the greens on BTC? Do you think it will sustain or is it just a trap? Share your views in the comments. Like and follow as always. Thank you, guys.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
2
BTC weekly update: which pathway ?BTC / USDT On weekly view BTC is bouncing from 200W EMA and currently is retesting the previous strong S/R This area mainly for watching Scenario 1: Breakout Make strong breakout and close weekly above 36k then we can see new bullish move again Scenario 2 : bearish retest If we see strong rejection here with loss of 28k again this time i think we will head much lower levels Based on reaction here we will know the next move What do you think the most possible scenario ? Share with us in comment section below
BITSTAMP:BTCUSD
by Babenski
21
BTC TO 10000 - 11000 INCOMINGHi there, If we analyse the peaks and retracement in the past, we see that everytime BTC spikes it eventually retrace 100% back down. First major spike in 2017, then in 2018 it went back to its previous value Second spike in 2019, then in 2020 it went back to its previous value. 100% ish retracement Then in Oct 2020, it got very bullish then went all the way to 60000 of course it retraced 50% - 60% before going to 60000. So now it is bearish, we should expect it to go back to 100% retracement i.e. price before Oct 2020. BTC down to 11000 $$$
BITSTAMP:BTCUSDShort
by PositronXY
13