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CAN BTC BREAK THIS $48K RESISTANCE LEVEL?Welcome members to this update on BTC. 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. BTC has been struggling to break through the $48k resistance level. We can see multiple shadows at $48k which indicates selling pressure but seems like the bulls aren't over yet. Along with the wicks from above, we can also see a long wick from the bottom. The pressure is from both ends and looking at the entire picture here, BTC should show retracement. If at all BTC retest then we have good support at $45.5k or either fall down towards $44k. On the other side, if BTC breaks above resistance 1 then we will have a different story to share. What do you think about BTC? Do you think BTC needs a correction here? Share your thoughts and views in the comments. Do like and follow for more updates. Thank you.
COINBASE:BTCUSDShort
by Dexter_The_Trader
Active trading and volume analysisThere are two biggest volumes that are at the very bottom of the movement and that push the price up, there is such a thing, the trend will continue until these volumes are interrupted by larger volumes, while they must be at the top of the trend... - Rising volume indicates the determination of sellers and buyers to push the price down or up, respectively. For example, if in an uptrend volume rises on a price move higher, this indicates that buyers are very willing to buy and the upward movement will continue. - A trend can continue for a long time and on decreasing volumes, but usually decreasing volume during a trending price movement indicates a weakening of the trend. For example, if the trend is up, but the volume is steadily decreasing, this indicates that fewer people are willing to buy and push the price up. However, this trend will not change until the sales volumes exceed the buying volumes. - Ideally, the volume should be more when the price moves in the direction of the trend, and less when it goes against the trend (on pullbacks). This shows that the movement in the direction of the trend is strong and the pullbacks are weak, and the trend is likely to continue. - High volume accompanied by sharp price movements against the trend is a sign of a weakening trend and / or a possible reversal (in accordance with the previous paragraph). - An extremely large spike in volume, 5-10 or more times the normal average volume (in a given time frame), may indicate the end of a trend. This is called an exhaustion move because usually when so many stocks change hands there is no one left who is willing to push the price in the direction of the trend and the price reverses (often quickly).
BINANCE:BTCUSDLong
by UnknownUnicorn36647227
2
CAN BTC REACH $52K??? Hello guys and welcome to my new update on BTC. For today's analysis, I am gonna use 12 hours time frame to get clear support and resistance levels. If you are viewing my post for the first time then do not forget to follow. We saw some interesting rallies on BTC and the entire market in the last 3-4 days. Now, there's no sign of retracement yet and things are getting more skeptical. In order to have a clear picture, let us classify some key points here. 1. Resistance 1 ($47750): BTC has recently reached the $47k level but facing some resistance at $47750. This is going to be an important level cause if BTC breaks above this resistance 1 then $52k could possibly be the next target. A rejection on the other hand could be a danger for the market. 2. The daily/weekly close: The daily/weekly close was at $46950 which is good for the market and if BTC manages to stay above the white trendline then we may see a higher rally. 3. The RSI: The RSI is in the overbought zone but still there is no sign of bearish divergence yet. Conclusion: BTC has not shown any retracement yet so let's be careful cause the retracement may hit all of a sudden and you won't even know. The best thing you can do now is scalping. Play the in and out game with small capital. Make some quick $$$ and get out. Let me know what you think about the current market scanrio.
COINBASE:BTCUSD
by Dexter_The_Trader
BTC Finally Broked a Long Term RangeAfter a Long Range Bitcoin Broked the Resistence and now up to its Way. Now the next Point where we have to take care or if You have any Trade in BTC. then you can takeprofit on this points. I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade. Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis If You Like My Work Just Come and Join Me.
BITFINEX:BTCUSDLong
by MoonTradingForecast
BITCOIN UPDATE: STILL UNDER THE RADAR.Alright guys, here's a quick BTC update in 6 hours timeframe. BTC might have broken the white trendline but it is yet to break through the $45.5k horizontal resistance level. If BTC breaks through this level then we will see something new happening. We have seen a good rally in BTC and other altcoins and it's high time that BTC should calm down a bit and show some retest. If at all BTC retest then I am expecting $43.5k to be the level. Things will go wrong if BTC breaks down below the $43.5k support level. The RSI on the other hand is hovering over the overbought range and it is most likely to drop anytime soon. We made some good profits on HBAR, DOGE, LTC, TRX, ETH, and the current market is already pumped. In this situation, we could either wait to re-enter or short some highly pumped coins. I'll update more on this so keep in touch.
COINBASE:BTCUSDShort
by Dexter_The_Trader
BITCOIN UPDATE: A DIVE OR A JUMP???Welcome members to this update on BTC. I am using 3 hours TF for the analysis. 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 in 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 it or use it to understand the market. Coming back to the chart. BTC has broken out of the rising wedge pattern but things still look skeptical here. We can possibly see a higher rally coming in and BTC could bounce back from a $44k support level. But let us not forget the RSI. BTC is rallying higher but the RSI is breaking down below the lower trendline. It is losing the volume here and whenever this has happened, BTC has fallen down badly. Here is the possibility according to the support and resistance level. 1. $44k support level: If BTC manages to hold this level then we will soon see a bounce towards $46k. 2. $43k support level: If BTC breaks down from the current level then we can expect BTC to create a support at $43k and then a bounce. This will be an important level to keep an on and for now $44k level is a crucial support for BTC. Let me know what you think about BTC. Do like and follow for more updates. I'll see you at the next one. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
2
(BTC/USD) BULLS LOOKING TO BREAK 45KBitcoin (BTC/USD) maintained its recent upside bias early in the Asian session as the pair oscillated around the 43000 figure after trading as high as the 43296.47 level before profit-taking commenced down to the 42668 level. Stops were elected above the 42769.80, 43006.76, and 43042.47 levels during the ascent, representing the 61.8%, 76.4%, and 78.6% retracements of the recent depreciating range from 43389.79 to 41766.79. BTC/USD recently encountered technical resistance at the 43389 level, representing a test of the 78.6% retracement of a broader depreciating range from 45855 to 34322. Traders are closely watching to see if BTC/USD can become technically constructive above the 41445.06 level, representing the 23.6% retracement of the broader depreciating range from 69000 to 32933.33. Stops were recently elected above the 40079.12, 40673.54, 41409, and 41519.83 levels during the move higher, retracement levels related to the depreciating range from 42597.84 to 37560.40. Following the recent move higher, areas of potential technical support and buying pressure include the 37043, 36942, 36789, 36698, 36662, 36444, and 35698 areas. Areas of potential technical resistance and selling pressure include the 48485, 48710, 49121, 49409, 50966, 52059, and 53150 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 41445.81 and the 50-bar MA (Hourly) at 42477.58. Technical Support is expected around 31639.47/ 29514.02/ 27271.02 with Stops expected below. Technical Resistance is expected around 46600.89/ 47726.76/ 49019.35 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage
BYBIT:BTCUSD.PLong
by MavRich_Trading
2