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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
BITFINEX:BTCUSD
by jimmycdn
2
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
BITSTAMP:BTCUSDLong
by someshrenen
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
COINBASE:BTCUSDShort
by SmoothJB
Bitcoin crashed, can we learn something from this?Bitcoin fell aggressively yesterday and, aside from the fact that we have been warning about a possible decline, can we learn anything from this mini-crash? I think so... 1. Overconfidence - Everyone was expecting a new ATH for BTC by the end of the year. So all we had to do was buy at 55k, wait a month, and earn 30% profit. Is it that simple? 2. When things are too obvious is most likely a trap - For 36 hours before the crash, bitcoin stood on very obvious support, like an invitation to buy. And, again, is it that simple? Will Bitcoin stay still on clear and visible support so that everyone can see, buy and make money? 3. Do not anticipate a pattern - a lot of analysts called an H&S pattern in BTC. But for that to have been an H&S, the formation had to be complete first, that is, to have a break above the neck, which did not happen. 4. Overlaverage - A lot of newbie traders have entered into the trade with the firm belief that BTC will not fall below 50-52k area and overexposed the account. And we are going back to No. 1, is it so easy to make money, you take a leveraged trade of 1:10, bitcoin will grow, and you will earn 300% in a month? P.S: If you also have an idea about a lesson that should be learned from this, please post it in the comment section. Best of luck! Mihai Iacob
COINBASE:BTCUSD
by Mihai_Iacob
62
BTC Recovery...-BTC dropped as expected and analyzed in the previous post... - now it will recover but not too fast... based on the harmonic waves, it will have it's last drop to around 42k and then can go higher to around 55K... - I think, unlike 99% of other analysts that say BTC will see 200k in next months( note that when majority of people are predicting these numbers, it means there is a problem... in the financial market only 1% takes profit and others will not be successful...), BTC will go to 33k again... in it's last C wave...
Long
by Bulls_crypto_signal
4
Bitcoin is still BULLISHThere is a lot of analysis about bitcoin, but I would like to draw your attention to a few : 1. Bitcoin's weekly uptrend (Red Line ) did its job and supported the price . 2. The downtrend in the RSI indicator from September 29 to October 4 broke its downtrend and led to a 70% growth of bitcoin But there was no PULLBACK in the process, But now you can see the support of the RSI trend !!! 3. You see level support of 0.618 in the weekly time frame ! There is no reason to be afraid .
by MrAliG
BTC is Going to Test 50k Demand Zone in Upcoming Weeks 💣💣💣💣On weekly timeframe btc correction has been started and very soon we are going to see btc trading between 48-50k area. i have placed fib retracement on weekly timeframe and we can see 0.618 is located at 50k. Alt coins are going crash very hard if u are holding in spot not an issue bt if there are long positions going in futures then immediately close tht and book the small loss. More Bad news in pipeline and its going to trigger panic sell off.
Short
by Rohit_Shinde
2
BTC's long and windy road to 100K. A final blowoff top too come.November and December has typically been bullish for BTC but it has proven us otherwise this time round. A 48K bitcoin must be within our expectations and even so the price action of bitcoin still remains bullish. This is unless price breaks the channel we have drawn. This road to 100K seems long and windy as the money in the market starts to dwindle. A final blow off top is what we are waiting to see this December. May the strong hands win.
COINBASE:BTCUSDLong
by IkanBilisCapital
BTC/USD LONG SETUP (HODL)Bitcoin (BTC/USD) extended its pullback early in the Asian session as the pair depreciated to the 56070 level after trading as high as the 57228.28 area during the European session, with the interday high representing a test of the 50-hour simple moving average. Traders drove BTC/USD as low as the 55845 level during yesterday’s Asian session, its lowest print in several sessions and one that follows a succession of lower highs. This level also represented a test of the 61.8% retracement of the recent appreciating range from 55327 to 59249.77. With the psychologically-important 60000 figure back in sight, traders are eyeing technical hurdles around the 59076.15 and 59222.36 areas, representing the 78.6% and 76.4% retracements of the appreciating range from 57653.88 to 64300. Another important level is the 59441.39 area, representing the 38.2% retracement of the depreciating range from 69000 to 53533. Additional upside retracement levels include the 61266.50, 63091.61, 65349.79, and 65690.06 levels, while additional downside retracement levels include the 49150.78, 44466.36, 38670.39, and 37797.03 areas. Following the pair’s recent volatility, downside retracement levels and areas of potential technical support include the 53150, 52598, 49409, and 49150 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below 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 56418.85 and the 200-bar MA (Hourly) at 56411.21. Technical Support is expected around 53150/ 51245.86/ 49022.22 with Stops expected below. Technical Resistance is expected around 69000/ 69449.40/ 77565.60 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
COINBASE:BTCUSDLong
by MavRich_Trading
BTCUSD - big fall of the price but...Hello Traders, Due to strength of USD price of bit coin drop drastically. By looking on channel look like price may drop more, but I you can see there is support on the way (red line 53668. Perhaps this support will stop price but we have observe market. This support is on last long black candle. Support and resistance always shows on open close and 50% of the candle. Next support will be on 53000. Momentum is is in the range of sales. May stop on the last lower trough. Lets wait for reverse and see what will happen next cheers, Jim
BITFINEX:BTCUSD
by jimmycdn
2
BTC/USD Forex Signal: On Track to Hit 60,000Bullish View Buy the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 56,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 57,000 and a take-profit at 55,000. Add a stop-loss at 59,000. The BTC/USD tilted upwards as the market appeared to ignore the hawkish statement by the Federal Reserve chair. The pair also rose as investors reacted to the ongoing market action in the cryptocurrencies industry. It is trading at 58,600, which is about 9.75% above the lowest level in November. No Taper Tantrum? In his second day of testimony on Wednesday, Jerome Powell maintained his sentiment that the Fed will move to taper faster than expected. While stocks and Bitcoin declined slightly after this statement, they quickly bounced back since the hawkish central bank was already priced in. The Dow Jones rose by more than 500 points on Wednesday while the Nasdaq 100 Index rose by more than 300 points. At times, there is usually a close correlation between major US indices and Bitcoin prices. The BTC/USD also tilted higher after cryptocurrency companies continued making moves. On Wednesday, Crypto.com, the fast-growing exchange, announced that it will acquire two derivatives exchanges from IG Group. The two exchanges are Nadex and Small Exchange. The acquisition will be worth more than $250 million. Crypto.com has been enjoying quick growth recently. In November, it announced that it will buy the naming rights of Staples Center in a $700 million deal. It also announced a major marketing plan worth more than $100 million. Meanwhile, in an announcement, Fidelity announced that it will launch a spot Bitcoin ETF in Canada. This is major news since Fidelity is one of the biggest companies in the United States. The difference between this fund and BITO is that the latter tracks Bitcoin futures. The next key catalyst for the BTC/USD will be the US initial jobless claims numbers scheduled for later today and the official NFP scheduled for Friday. BTC/USD Forecast The four-hour chart shows that the BTCUSD pair has been in a tight range in the past few days. The pair is trading at about 58,600, where it has been in the past few days. It is also slightly above the 25-day moving average. A closer look shows that the pair has formed a bullish flag pattern. In price action analysis, this pattern is usually bullish. The pair has also formed an inverted head and shoulders pattern. Therefore, there is a likelihood that the pair will bounce back higher in the near term. If this happens, the next level to watch will be at 60,000.
BITSTAMP:BTCUSDLong
by SmoothJB