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.
Btcusdidea
BTC: Still under pressure!Bitcoin
Intraday - We look to Sell at 30666 (stop at 31424)
Daily signals are bearish. 50 4hour EMA is at 30680. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 30974 has been pivotal.
Our profit targets will be 28707 and 28207
Resistance: 30000 / 31000 / 31400
Support: 29000 / 28500 / 27800
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Bitcoin Technical AnalysisCandlesticks are the fastest way to show the state of the market in my opinion. Currently, the weekly candle is a bearish candle with antennae appearing, reflecting buying force appearing but selling force still prevails as shown in the body of a very long bearish candle, so the downtrend prevails. It is possible to end this week with a doji before a bearish or bullish candle appears to confirm whether the market continues to decline or rise.
Currently BTC price is at 29,000 below the 32,000 support price line. If BTCUSDT price fails to break above $32,000, the bear market continues and BTCUSDT continues towards $19,000.
Therefore, we need a financial plan to buy BTC at the best price and a suitable strategy to increase assets.
BTC UPDATE IN 1 HOUR TIMEFRAMEHey guys,
Here is a quick update on BTC in an hourly timeframe. We saw some dump coming in after the weekly close which was above the support level as expected. In this hourly timeframe, BTC made a support level and we can clearly see how perfectly it is bouncing back but will it sustain? Or will it get rejected from the 21 hourly MA which is a good resistance zone for BTC? Chart-wise, BTC looks good but there are so many things happening in the market that it is hard to just rely on the charts.
It is for certain that if BTC bounces back from the current level then BTC reaching $31.5k is possible. The rejection or a breakdown below the support level will be dangerous.
Trade safe.
BTC: A PERFECT BOUNCE OR A TRAP???Welcome members to the quick update on BTC.
"Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down."
This is precisely what I wrote in my previous update and it did turn out to be a wick and bounce back. The candle closed precisely at the support level and formed a green candle which is a good thing. We roughly have 4 hours left for the weekly candle to close. It is essential for the candle to close above the support level. If things go well then we will see a perfect bounce soon. If not then it may turn out to be a big trap.
What are you thinking about the current BTC price?
Share your ideas with me.
Do like and follow for more updates.
Thank you.
BTCUSD in BUY ZONE !!Hi fellow traders, BTCUSD has finally reached the blue box area and is completing the bigger expanding flat pattern. From this point we are waiting for one more push down as dollar is still showing some strength. If we break the red line the move up will be invalidated. Target will be previous top. Goodluck!
BTCUSD - drastic Hello Traders,
From the market of Bitcoin 200 billions wipe out. People loose big money.
Why this happening? The answer is very simple. They do not pay attention to technical analysis.
If you know them, then is very simple how you control your portfolio in crypto.
You have many tools that provide indication of price change direction. Closed you position and case closed. You can open again when price change directions without loosing so much money.
This what I am showing you in my analysis, future change direction, trend line (which are incredible tools), channels and many more.
As a traders our task is to get as much as possible profit and with small losses.
There are the new candlestick formations that showing support and resistance.
Candlestick formation are very powerful indicators, but they have be confirm by support/resistance (SR) - true SR.
There is very high probability to predict hight of swings (waves). Look on USD Index, this will gives you idea that is going on with cripto.
I hope you not one of the traders that lost crypto.
Cheers,
Jim
WILL BTC DUMP FURTHER OR BOUNCE BACK??? Welcome members to this BTC update.
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.
Let me keep it short and simple.
Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down.
It will be a wise decision to stay away from trades and observe the market. I will close all my spot holdings if BTC fails to close above the support level.
BTC - Botton can be on this monthHello, my first idea here. 😁
Now we are -55% from ~70K top, in the previous cycles, the bottom was -80%.
If we drop -80%, we can go to 13K. But this cycle can be different from previous, because players and environment are also different.
If the BTC is starting to behave like commodities like gold, it can not erase gains from past times without a strong motivation for that.
Lets see how it plays out.
PS. In large time-frames we can make some assumptions about trends and where it can go. But this is a very random environment, so please make a plan that covers both directions of the market.
Expect a bounce soon in BTC As I had showed my idea in my earlier publish, BTC DID FOLLOW EXACTLY THE SAME PATTERN but it was so quick and without a small relief bounce. So from here I expect BTC to do some consololidation n touch the support line a few times n then bounce for uptrend till the resistance area. Potentially braking above it after 2 3 test on the resistance. For me I think BTC could touch max 27k in a quick dip. Nothing below that. 27k-30k is a good buy zone for long term holders. Also the weekly ema as u can see, follows a nice pattern, support and resistance are accurate. I expect the resistance will b broken above in the next bull Run.
Bitcoin- 30k target hit, what's next?Last week I said that Bitcoin could drop hard and reach 30k soon and yesterday the price reached this target.
The big question is now what?
Looking at the daily posted chart we can see that the trend is grossly bearish and Bitcoin could easily drop under 30k.
My idea remains unchanged, sell rallies and a expect BtcUsd to drop under 30k support
The next important support is around 20k and for a more optimistic view the price should pass above 37k
BTC UPDATE: IN SHORTER TIMEFRAMEWelcome members to this update on BTC in 2 days timeframe.
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.
We all are aware of the rejection and this may have affected many traders. This is the harsh reality of crypto. You can make easy money here as well as lose it. The market is always volatile and uncertain. So, either you face it or give up and find something else.
Moving on to the chart, BTC got rejected from $48.2k and until now it is close to a 30% drop which is not at all good. Now, it looks like BTC is most likely to enter the support zone which is between $29.6k to $33.5k. This can be a good accumulation zone if BTC bounces back from the support level. If BTC fails to hold this support level then God knows what will.
But technically speaking, I am quite positive about a bounce coming soon on BTC. I may be wrong but I am surely expecting a bounce on BTC soon. Like I said in my previous update, a slight difference in a higher timeframe makes a huge difference in a shorter timeframe. In my two weeks BTC chart, things look so bearish but in this 2 days BTC chart, we have the support that we can rely on.
What do you think about BTC? What is your prediction?
Do share your ideas in the comment box.
Like and follow for more updates.
Thank you.
Possible movement of bitcoin pirce per usdtIn a monthly basis, as shown in the chart, these are possible targets of daily trend.
But if it fails the monthly pivot (black box, lower bottom), the price may reach 16700 $.
But in the past, it is probable the price will return to the upper targets in daily trend, and the targets are also pictured.
The movement momentum can possibly come into action from the daily box (orange box), since it is the trigger price.
We'll wait to see what happens.