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Btcusdidea

Bitcoin- 30k is my target for nowOn Monday I said that "Bitcoin is drawing a nasty picture" and after a short-lived recovery above 40k figure, yesterday the price has dropped hard to the 38k zone, putting a bearish engulfing on our daily chart, which for me is a clear indication for downwards continuation. At this moment the bearish flag that I've spoken above last week is broken to the downside and we can expect continuation. My target for short trades is 30k and only BTCUSD back above 43k would change my perspective.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
5
BTC possible scenariosThe second support hit was successful and the orders at 38,500 were swept away by momentum. Waiting for the final with a trip to 36,500. Perhaps it will be through a local rebound, let's see, now there is too little positive in the markets. Judging strictly by the charts, almost all indices except the dollar index now have "problems". For example, the S&P 500 has corrected decently and is trying to show growth, but if there is another wave down with new lows, then the bulls will be cooled down for the next month or even more.
GEMINI:BTCUSDShort
by smokeNplay
1
Bitcoin is drawing a nasty pictureIf you've read my analyzes in the past months, you know that I'm bearish Bitcoin and the Crypto market in general and although I've had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term. In my previous post, I draw attention to a large bearish flag visible on our daily chart. Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag. That being said, I expect a continuation to the downside with a 30k target. Also, shorter-term traders can look at 34k previous low for their target
BITSTAMP:BTCUSDShort
by Mihai_Iacob
18
BTC: A SECOND CHANCE TO BUY BACK BEFORE THE RALLY OR A BIG DUMP?Hey guys, I hope you all are doing great. Here's a quick update on BTC and the market. BTC is back in the support level after getting rejected from resistance level 1. Can we consider this as a second chance to buy BTC at the bottom before the higher rally? Well, for this we need to look for confirmation and that would be a bounce back from the current support level. I am accumulating BTC at this level and will accumulate up to $37.7k. If BTC breaks down and closes below that level then I will exit all my positions. Looks like this coming week will be good for BTC and other altcoins. The only level we need to keep an eye on will be the present support level at $39k.
COINBASE:BTCUSDLong
by Dexter_The_Trader
2
#BTCUSDT broke above $40.8k, Next move?...The previous idea still on track. New lower low below $39.2k ✅ Bullish divergence in HTF and LTF ✅ Retest in LTF :- ❎ (This is why we can expect a little pullback in LTF around the mid $40ks ) So eventually the chart remains the same. BTC is likely to hit the $43.5k+ level. The little pullbacks will merely be some good buying opportunity. So, keep an eye on it. Let me know what you think. If my charts help you in any way, do hit the like button and follow me for more high quality exclusive contents for free. Thank you #PEACE
Long
by Cryptorphic
8
BTC bullish divergence on 2D and 3DFirstly we look at 2D chart and we see hidden bullish divergence on RSI which means that the price is making higher lows and oscillator is making lower lows, We take this signal as a potential bounce in coming days. Now let us look at 3D chart, Again we see hidden bullish divergence on 2 oscillators which are CCI and CMF. Again this is another strong signal that bullish momentum will resume from here. Market has never been this confusing as now. Charts and on-chain data shows that we are ready for a massive bull trend whereas macro economic factors suggests otherwise so this could possibly be a bull trap. Let us wait for weekly closure and then will further update.
by NasirCrypto