BTCUSDT likely to be rejected from daily resistance around 64.5kThe price has dropped significantly once rejected from weekly resistance WR1. Now it has bounced from weekly support WS1 and now on the way to daily resistance DR1. I believe the price will struggle at DR1 and will be rejected towards 4HS1 at least. And therefore, this short trade idea if the price reaches towards DR1. Lets see if price manages to reach there and fill our orders. By the way, keep in mind, the price has broken important support and structures so it is full in bearish mode.
Btcusdtidea
BTCUSDT: Heading towards $82,000Dear Traders,
Price is currently making correction in daily timeframe, in our view price can drop to 62k to 63k region where we can see strong bullish pressure coming in the market. However, it is also notable that price can just reverse from the current price area that it is trading at, as price already have been dumped once to 54k and there is no strong reason that it would drop to 63k region.
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BTCUSDT at daily support, likely to bounce to at least 70.5kHere is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is favorable as the price is likely to head towards daily resistance DR1 again. Since the price has already bounced from the support, I have a small position size at the moment and I would add to my long when the price revisits this support zone again. The price has a probability to go beyond that daily resistance DR1 and aim towards weekly resistance WR1. But lets focus first on the first part.
BTCUSDT at daily resistance, likely to head to 64.5k-65kThe price bounced here as the zone was a weekly support zone but has come to the daily resistance zone DR1. But it seems it is likely to get pushed a bit more down. Below we have support zone DS1 and WS2. First is the daily support DS1 from where the price is likley to bounce. Therefore, a short trade is favorable here. The price is likely to land to daily support DS1. This DS1 zone is lying around 64.5k to 65 k area. I
BTCUSDT to hit resistance around 70.5k and drop towards 67k Here is a new short trade idea. The price has been pushing up after the last big drop around 5 percent. The price found support around 68.5k zone and since then it is pushing up slowly. This push has been really slow and likely to reach till the low TF resistance LTFR1. I expect that the resistance there would make the upward push of the price to stop and then push it downwards. This rejection of the price at that resistance level will lead the price to look towards the next support on its way down. The next major support is weekly support around 66.7k-67.7k. Therefore, a short trade favorable from there towards weekly support WS1 around 67k.
$BTC TOWARD $80,000 ?👨🏻💻 CRYPTOCAP:BTC UPDATE
#BTC is trying to break its major resistance area of $72,000 to $73,000.
It has been rejected multiple times from this area, and if it happens again, we could see the price drop back to its important support level of $68,000.
However, ETF volume is increasing, which might help Bitcoin break through this resistance.
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BITSTAMP:BTCUSD
BTCUSDT Long trading ideaOKX:BTCUSDT
Long trading idea
Probable fractal repetition of the previous scenario shown on the graph
In this regard, a correction from the current 38% is likely.
I place limit orders on spot in the order book at prices
48048
47074
47047
46064
45054
45045
44044
43043
43034
42042
42024
41041
41014
Average price 44044
Experimental trading idea
Repetition at your own risk
BTCUSDT is at 4h resistance now, may experience some struggle The price has bounced from 4h support 4HS1 and now it has headed towards 4h resistance 4HR1. The price is currently trading inside this resistance zone. The price will face some struggle here and some pullback may be expected. Some momentum is there and the price has moved to this resistance 4HR1 from the support 4HS1 quite quickly. And therefore, any short trade I am not taking. We will look for a trade opportunity based on how the price reacts to this resistance zone.
BTCUSD 1MBTC ~ 1M
#BTC We look at the history of BITSTAMP:BTCUSD as a whole as recorded on the chart.
It looks like #BTCUSD is ready to continue its upward trajectory.
This is marked by a 3 month accumulation phase.
but the bad news is, the increase will not be more than $150,000. Even if it is more, it's probably not much and it's just a bonus.
BTCUSDT close to 4h support, likely to bounce towards 70kHere is a new long trade idea. The price got rejected from hourly resistance HR1 after bouncing from hourly support HS1 several times. However, on the last drop on this support, the price broke that support and went southwards. The price will likely bounce from 4h support 4HS1 and will create an opportunity for a long trade towards 4h resistance 4HR1. Lets see how it plays out. Let me know what you think in comments.
BTCUSDT likely to head down from hourly resistance around 68.3kHere is a short idea. The price has bounced several times from hourly support but is likely to break it on the next drop. The price may hit hourly resistance HR1 first before that and then reverse from there triggering our short trade. The price is likely to go down towards the target of this trade around 68.3k. Lets see where it goes.
BTCUSDT at hourly support, likely to bounce towards 71.2kThe price has hit the weekly resistance WR1 and has pulled back from there. The price has been pushed down from that resistance and it has now hit hourly support HS1 on this pullback. This support zone will provide support to the price and the price is likely to bounce enough for a long trade opportunity. We try this long trade towards weekly resistance around 71.2k area. If we lose this support then we are going likely for the daily support zone.
BTCUSDT: 80K On The Way! Dear Traders,
BINANCE:BTCUSDT recently ranged between $60000 to $65000, however, price created lower low and then lower high and failed to continue the pattern, in other terms price took our the sell side liquidity and then after price early mitigated. Currently we are expecting price to continue the bullish momentum until it reaches 80k
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BTCUSDT at daily resistance, very likely to head to 65k Our short trade is still in progress. However, here is a new short trade idea. The probability of the price to move lower now is higher than before. The price is still trading at daily resistance DR1. I have updated the resistance zone. The price is likely to head towards daily support DS1 and that is the target of our this trade idea as wll as the previous one. We will look for a long opportunity from there.
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