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💥BITCOIN TO FALL BY 37% TO $31000😱Please support this idea with a LIKE👍 if you find it useful🥳 As seen on this chart, we have two bearish confirmation that price will fall more to $31,000. Firstly, we have a downward trendline breakout and a pullback as shown on the chart. Secondly, we have a rejection at the trendline of the descending triangle. After the first bounce, price dive into the falling wedge and finally made an upward breakout to the trendline and eventually got rejected by the trendline. Therefore, with price at the current market price of $42,474.41, I expect a fall by 37% to $31,000. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BITCOIN (BTCUSD) 🤗 Happy Trading💰🥳🤗
BShort
by PetrockFxTrading
18
BTC/USD Golden Cross !!!!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On September 15 a Golden cross has accrued between the 50 MA and the 200 MA, this usually suggests a long-term bull market going forward. With several governments adopting bitcoin, it is only a matter of time for the price to reflect the bullish sentiment. This could be the start of a big Bullish trend that could get Bitcoin to an All-New High soon. Possible Scenarios for the market : Scenario 1 : Bitcoin has fallen to the low of $46,750 but pulled back as it resumes upside momentum. The first target will be the resistance line at 49045.4 if the Bulls were able to breakout that resistance then they won't have any problem pushing the market up at least to the major resistance zone located between 50769.4 and 52829.83 and that is where we might see some strong pull back from the Bears. Scenario 2 : The Bears are trying to keep control over the market and this could lead the market the have a small sideway move until the Bulls take control. This move can make the market drop a bit and hit the support zone located between 46333.7 and 45597.4 or even the 44521 level. But if that would happen then we will see a bounce off that level that could be the start of the long-term Bullish trend. Technical Indicators show : 1) A Golden Cross accord between the 50 MA and 200 MA , and the market is above the 10 20 50 100 200 MA and EMA ( Strong Bullish Sign) 2) The RSI is at 52.38 showing good strength in the market, No divergences were found between the market and the indicator (Bullish Sign) 3) The STOCH is having a positive crossover between %K (49.62) and %D (49.36) Daily Support and Resistance : support Resistance 1) 47321.4 1) 49045.4 2) 46333.7 2) 49781.7 3) 45597.4 3) 50769.4 Weekly Support and Resistance : support Resistance 1) 44950.6 1) 50230.6 2) 41592.3 2) 52152.3 3) 39670.6 3) 55510.6 Fundamental point of view : Last week El Salvador’s official bitcoin rollout began, then Ukraine decided to jump on the bitcoin bandwagon. This week, Laos joined the fray with plans to allow bitcoin mining and trading in the Asian nation, just months after China’s crackdown on crypto The week started off on a good note as Nayib Bukele, El Salvador’s president, announced their bitcoin-friendly drive continues as the country would exempt foreign investors from paying taxes on their bitcoin gains. according to Bitcoin Magazine BTC Invading The Real Estate Industry: According to a recent report, one of the leading American property management firms – Magnum Real Estate Group – would enable buyers to use bitcoin for the purchase of three ground-level shops worth $29 million. BitPay – a bitcoin payment service provider – would process the future cryptocurrency transactions. According to cryptopotato This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
COINBASE:BTCUSDLong
by GabiDahduh
6
BTC/USD GOLDEN CROSS Daily Time Frame BTC/USD Daily Time Frame Golden Cross. Red 50 EMA Yellow 200 EMA The 50 crossing over the 200 to the upside is considered the Golden Cross where we will see a long term bullish run. The opposite is called a death cross when 50 crosses over 200. This could be done for both EMA and MA. I am looking at the Daily time frame because any crosses on the higher time frames usually means for a longer run meaning weeks on end to months. The Golden cross has happened around Aug - 14 - 2021 and prices remain stable above 50 EMA. This is a good bet as long as price doesn't continue lower 50 EMA. In 2018-2019, we had the golden cross and prices suddenly dropped below both 50 and 200 causing a one year bear market throughout 2019. I would keep my eye on this and accumulate very slowly at every dips as an opportunity. I don't mind buying on the run up because we will see volatility through the runup.
COINBASE:BTCUSDLong
by WiThConFi