Bitcoin- to break 42500 for a test of 46k?In yesterday's post I said that I closed my short trades and, although I'm not very bullish on the medium term, I expect a relief rally from Bitcoin and the crypto market in general.
After another dip under 42k, bitcoin found bids again and now is facing 42500 short-term resistance.
Bulls seem to have found themselves and I expect a break here.
The target can be 46k with negation under 41k
Best regards
Mihai Iacob
Btcusdidea
BTC Logarithmic ChannelHere is the Logarithmic Channel for BTC. We are closer to the bottom of the channel. We can drop to ~30k to grind the absolute bottom, but I cannot see that last for long. Any investing taking place around these prices should be considered a safe investment for long term. The upward potential is massive and any dips in price from here should be treated as buy opportunities. Don't let price action and manipulation of the market with scare tactics push you to sell you BTC. BTC has many years of history and if you are new to crypto, don't freak out too much, these are just the normal cycles. If you are worried and freaking out, just zoom your chart out to really see where we are in the channel as I am showing you. Look at the overall Logarithmic price and not just a zoomed in section of price action and it'll help you understand a lot better. DYOR. Obviously this is not investing advice, I am simply helping some who might not take the time to zoom out, to see where we truly are in the channel.
Bitcoin- And down we goIn my previous analysis, I said that I don't believe that the correction will have the power to reach 46k, and looks like I'm right, with Bitcoin breaking under what should have been support at 42500.
Bulls are very, very weak and I expect to see 40k figure soon
The real problem now is not if it will go there, but what will happen if it does.
In my opinion, it will break under and the next obvious support is at 30k, interim support being at 35
I maintain my bearish opinion on BTC and the crypto market in general and I'm looking to add on my existing short trade on eventual rallies.
Bitcoin is sitting on supportAs I said yesterday, my bullishness in the case of Bitcoin has started to fade with the price seeming to not have enough power to reach 46k resistance at this moment.
At the time of writing BtcUsd is trading at 42700, sitting exactly on the interim horizontal support
A break under this support can lead to further losses and a retest on 40k
I'm bearish and I'm looking to sell
BTC/USDT 1HOUR UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 49500k or even above
BTC is forming 1 hour cup and handle pattern and triangle pattern is also visible from yellow train line
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTCUSD Down Trend#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #BTCUSD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
Bitcoin- I'm starting to doubt 46kI was bullish Bitcoin and expected it to rise towards 46k resistance.
My bullishness, however, has started to diminish with the price hovering around 42500 support and bulls looking very weak
The last attempt to rise above 44k was met with selling pressure giving us a lower high in rapport with the previous 45k
As I said, 42500 is support and fail from bulls to keep the price above opens the door for a new visit of 40k important figure
I'm looking to sell rallies from this point on
BTC still looking for a final wave 5 impulse.BTC has been trading in this range for more than a year now. It is still looking for that final wave 5 impulse move. However, the wave 4 correction is not complete and breaking down from here opens up the possibility of going down to 30K where it will find strong support. If you're in too deep, you should unwind you positions to a comfortable as we start to move up in the next few days.
BULL CASE
100K!
BEAR CASE
30K
btc try some risky long Situation is not very clear but still im in favour of long now I see some significant inflows to exchnages so someone will be selling good chunk of BTC now around 6000BTC
its still less as 2 days ago outflow at 24000 so I expect some down move to 40770 which is support and last fib uptrend line from recent uptrend
if you really want as last chance we can try 39650 few days ago there was strong bounce from this level and it was also spetember low after which we had mega nice bull run
so 2 entries 40700 39650 SL 500usd TP at 43900 when reach 43900 close half trade and rest trailing with 2000usd SL
its always good to react and update based on situation
Bitcoin- New leg up coming?As I said yesterday, although we are in a downtrend since November's top, at this moment Bitcoin can take a pause and correct some of the drop.
Also, I've mentioned 42500 as a support zone and that the cryptocurrency needs to stay above this zone in order to maintain this scenario intact.
At this moment we are exactly in this support and there is a high probability for a new leg up that can reach the former support now resistance at 46k
A buy here can also have a very good R:R, while a daily close under 42k would signal that the correction is over.
BTCUSD Ascending Channel Pattern#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 1 Hour and analyzed it then I see that this chart has made a ASCENDING CHANNEL PATTERN, So I hope #BTCUDT will go downside,
If the market does not break support & resistance line then the market will go up.
Now Nice opportunity for short& long..
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
Bitcoin- Bulls need to maintain 42500 intactAlthough I'm holding a buy position at this moment on BtcUsd, one thing is clear in my mind, I speculate on a correction to the overall trend, which is down.
Yesterday, as expected, Bitcoin has broken above 42500 resistance and looks like it wants to challenge 46k important one.
As long as 42500 is intact I will maintain my bullish bias and speculators can search to buy on weakness.
On the other hand, a daily close under 42500 zone will signal that the correction is over and Bitcoin can dive even under 40k this time
BTC to 52K in 20 DAYZ!!!!!!!!!!!!!!Well some chart here some chart there , the risk reward looks pretty good to hit it so lets see how it pans out!
and on TODAY's NEWS
FED'S POWELL: STABLECOINS COULD CO-EXIST WITH A CENTRAL BANK DIGITAL CURRENCY that's bullish for crypto and also I think there is plenty of volume..