Get started

Btcusdidea

BTC TrendBTC has been playing a bit recently before making huge bullish moves.. Here is my take on the next bullish pattern.. I will be publishing 2 ideas in this regard. First is the 4 HR analyses using the Fibonacci retracement and extension and the second one is the weekly chart.The fib retracement needs to stop at 61.8% or $54192.With this, a reversal needs to happen and break the current top ceiling with a huge bullish move at 38.2% or $69,303 which is displayed using the fib extension. If this were to occur successfully, then the next possible move would be to touch either 50% or $73,970 using fib extension. Now this correlates with the price that JP Morgan has mentioned in the article, www.forbes.com If the price were to move even bullish and touch 61.8% on the Fib extension then the price would touch $78,638. Again all these moves are expected to occur only when the current resistance zone would break and the price moves above it. Let's hope it does :) !!!!
COINBASE:BTCUSDLong
by HariHG
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 is trading around $58400 the resistances level is 21ma and support level are $57400 . to $56400k os strong support Expecting a bounce. I thing the price cam pump fore here . if its breaks the $56400k then the chart will be invalid. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. thank you ...
by CryptoSanders9563
1
BTC poor bearsJust a very fast update to demonstrate something. Don't take this idea as an analyze , Timeframe is only 4H. consider it more like a tutorial to optimize your chart reading. - now it's been 5 times that the bears are trying to push TheKing under 60k. - Results : 5 Fails. (can see on chart attempts) What does it could means ? Going up is same as going down but just reversed : - When BTC goes up and attempts to break the last ATH and fails many times , then the probability to go down is higher. - When BTC Goes down, if bears fail many times to push TheKing down, then it creates some divergences with time, then probability increase to go up. - Right now TheKing stays very strong, it's very hard with the Fomo for bears to back from their caverns. - Anyway if we break down 60k the next Supports are around 55k$, followed by 52k$. Happy Tr4Ding !
Long
by thecryer
40
BTC UpdateAfter breaking out of a rising wedge on the daily, BTC found support at my 59,311 level but is being resisted by 61,211. I'm glad I was able to warn some people with my "cation BTC fake out" post. Subscribe so you don't miss out! This price action is resulting in a symmetric triangle which is usually a continuation pattern of the previous trend. We are in an obvious downtrend. But have major support between 57,500 and 58,100. Will it hold? If not than my previous idea seems very likely!! Check it out and support my work if you find this content useful. Best of luck!
BLong
by cryptoideas
BTC DAILY TECHNICAL ANALYSIS. VOL7Hi guys! After a succsessful short in the previous setup (VOL6) i picked up a fast long from the 58500 area and did a short timeframe exit around 60500. Now price is still in a downtrend on medium to long-term timeframes and a risk of another leg down is there. Considering that BTC is going to range trade between the current low and previous high made on 10th november, i will take a small risked trade in the blue marked area in the price range of around 59000, hard stop 57500 and target price 62000. Market has to stabilize first and that means range trading in the current area for some time, if we do make a brakeout, i will add to the position. Otherwise bearish high timeframe closing is a soft stop for me.
Long
by marketgang
5
BTC DAILY TECHNICAL ANALYSIS. VOL6Today the chart looks more bearish on the shorter timeframes, but overall BTC is holding a uptrend structure on longer timeframes. My expectation is a brake from the uptrend formation to a sideways market structure. Considering that the trend has run out of steam after a new ATH made on the 10. november, as price action is suggesting, im going to short the market in areas highlighed as the blue box around 65000 price range. Stop loss i going to be 67500 and target price 60400. In the target price area, you can consider going long in the 58500 price range, if the price stabilizes. This is trading against the main trend my friends, so stay cautious and use proper risk management.
Short
by marketgang
2
BTC DAILY TECHNICAL ANALYSIS. VOL5From a technical perspective BTC is in a uptrend on higher timeframes, but to my concern it seems that this trend has run out of steam and in my opinion there are two possible scenarios about to play out. 1. BTC will respect the current uptrend and the higher low marked as a thin blue box and will try to retest the previous top. 2. BTC will brake down from its current trend and from a lower low on current timeframe. After braking down, we will move to a sideways market, in this case you can long the area in the lower blue box i have drawn. Shorting right now is pretty dangerous, but it might work on lower timeframes. I would suggest to buy spot on the upper area on the trend and leverage long on the lower end of the are marked in the wide box. Be sure to use a stop loss order in case you decide to use leverage, it should be somewhere 57500 in order to avoid being stopped out from volatility. Good luck!
Long
by marketgang
1