Btcusdidea
Bitcoin can rise on short termIf you've read my analyzes on Crypto, you know I'm bearish on the medium term, but I'm also a speculator and I can t ignore the fact that BTC at this moment looks like it has no power to go down anymore.
Technically speaking, 45500-46 zone is support, and also December's drop is contained in a falling wedge with very marginal new lows.
That being said, Bitcoin can have a rise to 53.500 resistance in the short term
BTC the last hopeBINANCE:BTCUSDT
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Possible Targets
➡️Retest downtrend line on fib (dots line on chart) 44300
➡️If we are not hold this price next point it a 0.23 lvl by fib and 37500
➡️If we are going over 0.5 level by fib 49000 and hold this price we will have a chances to see retest 57500 (0.78 FIB)
In global if we walk from level to level I think we can go to 0.78 for sure and in this zone we will see the confirmation Bull run or we are reject and going to 24K
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Bitcoin- Are we bullish yet? Not so fastFor some time now, Bitcoin has been reacting to the Fed's monetary policies, which seems to me to be contrary to what Bitcoin should mean, but whatever...it reacts, so I deal with this...
Yesterday, after FED speech, Bitcoin has reversed from 46500 and has made a run above 49k.
Although this is not bullish yet, is a strong sign that a genuine reversal could be in cards soon.
Technically, Bitcoin needs to pass above 49500 to signal that an important bottom is in place, and for it to become bullish, it needs to get back above 53k.
Although this is not a very strong buy signal for BTC, the fact that selling pressure is lifted from crypto market could mean that some Alts could rise very nicely, and there I will look for buying opportunities.
BTCUSD - almost signal for long positionMorning Traders,
After price drop of 21% we can see slowly rising price. Price just Break through upper Tl of the channel – Resistance.
Last candle (size of over 500$) may close over the top of the channel. Last candle may be the signal of long position.
But be careful, some time next candle may return to TL to indicate that TL perhaps will be support.
Also we have resistance level of 50,000$.
I will wait for H1 candle closed above this level.
Momentum is become strong on rising trend and approaching buy zone.
Recommendation: Go down on the to H1 chart and wait what will happen with resistance level and situation with resistance on channel. Only strong candle (read long candle) we may have long position signal.
Please do not forget to like this analysis. Thank you.
Cheers,
Jim
Let's face it, Bitcoin is bearishI'm bearish bitcoin since it broke under 60k. and my opinion did not change a bit.
As in the case of uptrends, there are countertrend moves also in downtrends, but this should not make us optimistic, and looking at the structure of the chart we really have no reasons to be.
Yesterday, with the release of CPI data, bitcoin had a spike to 50k, but it was short-lived adding reasons to my conviction.
From a technical perspective, since the 69k ATH, we have had lower highs and lower lows and we can draw a clear downtrend line connecting these highs. Also, the price is under 52,500-53,500 old horizontal support and I expect this to act as strong resistance from now on.
That being said, I expect more losses from Bitcoin in the coming days and weeks and ONLY a sustained break above 53 would change my strongly bearish opinion.
My target remains 40k zone
The verdict is yet to be made on BTC. We will know Dec 15.BTC needs to hold these levels in order for a Santa Claus rally to be come. A sustained break of 44K will be a bloodbath for crypto and we will be expecting lower levels if this happens. All eyes are upon the fed's announcement of their taper plans after Dec 15. A sell off may come early next week due to fear in the market before that announcement. Afterwhich I expect to see a strong rebound as long as the tapering and rate hikes does not end in January.
Bitcoin- Preparing for a new drop?As I said before, 50k-53k is my sell zone for Bitcoin and the main crypto is staying in this zone like is waiting for something.
Yesterday we had a dive under 50k, but this was short-lived and BtcUsd quickly reversed.
However, the chart structure remains grossly bearish and the rise from 41k is corrective in nature
I will remain bearish as long as the price is under resistance and only a clear break above 53k would change my perspective
BTC/USDT 30M UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC/USDT Analysis As long as BTC stays inside the green channel we can assume that BTC can look better from here but if BTC breaks the green channel its last support could be $45K $42k!
We expect btc to bounce from here
People say that BTC can go to 42k and 28k
from here. But nothing will come:
When there is some news like this in the market, then there is a chance for the market to bounce from here.
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.
BTC Potential Move BTC / USDT
BTC has high chance to make this move provided in my chart like last 2 bearish waves followed by bullish waves
–The whole market is connected together
–ETH is still showing strength
–A lot of altcoins about to reach its mega support
This idea will be invalidated if ETH turned bearish in high time frames like 1W - 1M
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BTCUSD 0 what is happening? God morning Traders,
very interesting situation on Bitcoin.
We have few support and resistance levels (not zones).
Rising price created rising channel and price is on resistance line.
In channel there are two lines – bottom is support and upper line is resistance.
Also we have resistance on split candles (52060) and on Doji (53069).
but first we have 50000 resistance. If the price will ris above 52060, then there is possibility to open long position after candle that close above that specific level.
Those levels should created significant resistance for the price to rise higher.
For the passed 250 years Japanese traders saying that “essence of the price changes is real body of candlestick” – open and close price. Do not ignore this old wisdom. - Level of 49275.4.
Most of the traders looking for SR level on Highest and lowest price. This is wrong.
But check on the chart yoyr self where is SR levels.
Wisdom saying - that Is not highest or lowest price is important but the open and close price.
For the support level we have: 49000, 48000 and 46584 levels.
Price remain on the top of the channel, then we should not open long position.
Within 30% of the channel if the price will start going down then we can open short position.
But price reaming over support level of 50000. So be careful.
Momentum is on very high level -in zone of buing. But last peak stop price from rising higher.
If price will start droping (long candle) we will be able to open short position.
Do not forget to click on like this analysis. .
Cheers,
Jim
BTC at a crossroad, here are the possibilitiesBTC has a tendancy of suprising everyone how do we profit of that ?
this is just to give you guys an idea of possible key levels to watch and the reaction that could happen if these levels are broken.
I believe we will go up from here but have prepared for both a bearish and bullish scenario.
bullish'
A. We have broken over a key level around $49 700 which could now offer good support
B. we are slowly making a way back up to the key level of $53 000
C. The RSI has seen decrease in strength ever since the second ATH @ $65 000, the strength was lower after hitting a higher price of $69 000 keep that in mind. The RSI is now bordering on over sold, if we are to bounce now would be a perfect time.
D. support from 2020 is where the price saw a massive bounce back to the upside @ $42 000
Bearish
A. A huge rising wedge formation taking data from 2018, even though we could EASILY still get to $80 000 and still be within this wedge, we could still be trading within this wedge till april next year and even longer.
B. If we fail to break the long term RSI resistance we will most likely dip towards oversold pushing the price well below the $49 000 level.
C. If we do however get pushed down towards $49 000 with volume support I think the next targets are the $46 000 and $42 000 levels, keep in mind that there are so many support lines that could be drawn between $40 000 and $50 000 so always look for the ones with the most confluence.
D. This one may not be true at all so take it wit a grain of salt but in my opinion a break of $41 200 would end the bullrun :(
Hope this help somebody * thumbs up emoji *
happy trading
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC /USDT price is Will still go UP
I thing the price cam pump fore here .
if its breaks green zone then the chart will be invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you ..
Bitcoin: Weekend Stumble Raises Questions and Stakes TodayBTC/USD has stumbled rather dramatically from the 59,100.00 price it was trading on the 1st of December and this weekend’s flash crash has created more tension.
BTC/USD has stumbled rather dramatically from the 59,100.00 price it was trading on the 1st of December and this weekend’s flash crash has created more tension.
On the 3rd of December, BTC/USD was traversing rather tranquilly near the 57090.00 value, but selling pressure began to build and over the next day the cryptocurrency fell hard. Saturday’s flash crash took Bitcoin to 42,100.00 momentarily. Yes, BTC/USD was able to recover some upwards trajectory and traded near a high of almost 49,980.00 yesterday.
However, in early trading this morning, BTC/USD has again demonstrated some nervous selling and the speculative asset is near 48,750.00 as of this writing. Bitcoin is likely to remain within fast conditions today, and traders who feel the urge to be part of its wagering machine need to have all of their risk management tools working.
Since reaching a high of nearly 69,000.00 on the 10th of November, BTC/USD has run into headwinds and moved lower. While a lot of this movement had been incremental over the past few weeks, this weekend’s steep dive witnessed a strong dose of price velocity and the ten percent move is a stark reminder that Bitcoin is a dangerous adventure for unprepared day traders. Cautious amounts of leverage need to be used and stop loss order are urged.
BTC/USD appears to be near critical support levels as of this morning. If Bitcoin begins to test waters below the 48,600.00 to 48,500.00 levels this could cause additional nervous sentiment to filter into the marketplace. If another wave of selling is sparked the level that should be looked out for is near 47,100.00, price action below this ratio in a sustained fashion would put early October’s value into sight and spark fears of a bear market developing in earnest.
BTC/USD remains a speculators paradise. The large move downwards this weekend would cause widespread concerns among most assets, but Bitcoin has seen days like this before. Traders who want to engage in buying are certainly lurking, the question is when they will enter the market in earnest and if they can create upwards force. BTC/USD is still close to the 49,000.00 level and if bullish momentum suddenly thrives, traders who are optimistic could target the 50,000.00 mark. All speculators of BTC/USD are encouraged to remain realistic whether they are sellers or buyers and volatility is not only expected, it is natural in Bitcoin.
Bitcoin Short-Term Outlook
Current Resistance: 49900.00
Current Support: 48500.00
High Target: 52865.00
Low Target: 46815.00