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Btcusdidea

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.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
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.
COINBASE:BTCUSDLong
by Dexter_The_Trader
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
BITSTAMP:BTCUSD
by jimmycdn
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.
COINBASE:BTCUSD
by Dexter_The_Trader
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.
BNC:BLXLong
by lcharles1001
2
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.
CRYPTOCAP:BTCLong
by kshahrukhk9
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
BITSTAMP:BTCUSDShort
by Mihai_Iacob
14
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.
COINBASE:BTCUSDLong
by Dexter_The_Trader
3
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.
Long
by tenxcontracts
PLACE YOUR BETS ON $36,000It is no news that BITCOIN continues to decline from its ATH. We will continue making lower lows and lower highs until the main trend changes. Last week, I made a call to $40,000. You can see the call here - We got to $40,000, took profits and the market dumped hard. Now, Here is another one we recently tapped $34,300. I am expecting a build up, confirmation and run to $36,000 soon. Our take profit 1 would be $35,000, take profit 2 @ $35,400 and final take profit @ $36k. As we get the Take profit levels, we will monitor price action closely to determine the market direction from that point as we know the bears may still be lurking around those areas. Don't forget to like and follow for more trading updates and free signals. I wish us a successful trading week ahead. #$KC #Meekhill #Meekhillacademy #RICHMMDT
Long
by RICHMMDT
BTC The Past Present and FutureIn my previous articles, I pointed out the current status of BTC. I expect an apology from those who insulted me for saying that BTC will fall in my previous analysis :).. I think the current chart is trying to complete the head and shoulder pattern. When we look at the past accumulation regions, we can see that the previous picture is similar to this one. According to this chart, it suggests that the price may decline to an average of 33K - 28K levels. When we look at the weekly time frame, if the pattern we see is a harmonic pattern, we cannot expect the prices to rise before the fib of leg D falls to the 1.24 level. But I must say that I don't believe what I'm saying myself. So I don't think the price can go down to these levels. But if the price hangs around here, we can summarize the support zones that may occur as follows; When we projection with Schiff and Fan, we can say that the intersection of schiff and fann is a strong support. Especially the schiffin, which crosses the gann fan's 8/1 and 4/1 twice, may indicate that there may be strong support for the current price, although there is no accumulation in these regions. I marked these regions with red dots. Based on all these assumptions, I expect the price to decline to the region indicated by the green box in the chart below. I don't believe it will go any lower. I also indicated the price resistances that may occur when there is an upward trend in the future with the Fibonacci channel. Of course, these are all assumptions and calculations based on the probability of repeating past data. However, I think that the price may definitely encounter a reaction at these levels in up or down movements. When we look at BTC dominance, we can see that it is in the triangle range. In order for this triangle to be completed, I think the chart data should go down and regress to the 39 levels of dominance. If we make a measurement with technical indicators, we can say that this level will go down even more. When we measure it with Fibonacci, we see that the earliest stop point is 36. But the good news is that there is a bullish formation in graphic. When BTC completes the dominance pattern, a harmonic pattern in favor of the bull emerges. This will quickly increase the dominance to 55 . When everything in the world and in nature comes to the highest or lowest level, it definitely turns upside down. That is, the highest one begins to descend, the lowest one begins to rise. It's like the law of physics. This never changes.. Nothing stays always down or always up. We can see this when we look at the BTC fear index. If we talk about indicators; Considering that rsi graph data is a reflection frequency, we can use rsi not only with numerical measurements but also with graph measurements. I know it sounds silly, let's look at the graph. I think there is a shark pattern on the rsi in the chart above. I know that graphic analysis will not be done on the indicators, but I would like to share it with you because it works for me most of the time. According to the theoretical knowledge, this harmonic pattern should reduce the data numerically. If this is a shark pattern as I thought, the rsi value should regress up to 10 . If we compare this with the real price chart, we can think that prices can decrease up to 30K levels on average. We can see the power of the sellers on the aroon indicator in the daily time frame. We see that the trend in the adx indicator is strong and the levels of the adx should regress in order to start an upward movement again. but this way it can point to new trend. Cmf is my favorite indicator. It never surprises. It can even eliminate manipulated movements. It's like a graph filtering indicator for me. So I see that despite such a strong price drop, it still does not produce a strong signal. In order to say that the prices will definitely go up, the cmf must go down to -20 and below. Currently at -5 levels. Momentum indicator shows -3100. This value definitely indicates an upward reversal. But according to an algorithm that I have formulated using the data of all of them together with other indicators, the value of momentum indicator for upturn does not reflect the truth yet. In the algorithm I formulated, the ratio of the momentum indicator to the other indicators has always changed direction. However, although the value of the momentum indicator is very high, its proportioning with other indicators does not give the return score. As a result of the prolonged decline of BTC, I think the data of this indicator is bottom. To summarize briefly; I expect the BTC price to be in the 24K to 30K range. After returning from these price levels, I think that a long-term rise is certain. NOTE: This is not investment advice.
by CryptoBrainn