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Btcusdtlong

BTC: Continue to go long, pay attention to 23K Last week, the economic data released by the United States was mixed, and the US dollar entered a period of volatile pullback. The monthly rate of durable goods orders in January recorded -4.5%, worse than the expected -4%, the largest decline since April 2020. The February ISM manufacturing PMI recorded 47.7, lower than the expected 48; However, the ISM service index recorded 55.1, stronger than the expected 54.5. Both PMIs suggest that US inflation may be more sticky than expected, which may support the future prospects of the US dollar's trend, but in fact, the US dollar index recorded a drop of nearly 0.7% last week. Although from the perspective of the US dollar and risk appetite, the price trend of Bitcoin (BTC) should have been boosted last week, unfortunately, there was negative news in the crypto circle last week. According to reports, the cryptocurrency bank Silvergate announced that it will delay the submission of its annual 10-K report for the 2022 fiscal year. Silvergate stated that "the company is currently analyzing certain regulatory inquiries and investigations related to the company." Immediately afterwards, many cryptocurrency companies and cryptocurrency trading platforms such as Coinbase, Circle, and Tether urgently announced the termination of business dealings with it. The news caused panic in the crypto circle and put pressure on the price trend of Bitcoin. The daily chart shows that the price of Bitcoin (BTC) fell sharply last Friday, breaking through the range of 23,000 to 24,000. It is currently holding steady near the upward support line of 22,000, which started on January 18, and there may be an opportunity for rebound correction in the trend. If it goes up, the initial resistance will focus on 23,000, and further up, the resistance will focus on the 20-day moving average range of 23,600 to 24,000. Continuing to break through will win the opportunity to challenge 25,000 again. Personal trading strategy: Enter the long position at 22,000-22,400, with the first target at 23,000 and the second target at 23,600. However, if it effectively falls below 22,000, it may usher in greater downside space, further down to 21,500 and 20,000. Therefore, it is necessary to set stop-loss strictly, and stop-loss promptly when breaking through the support. I will also continue to pay attention to changes in the market and give the latest strategies, please continue to pay attention.
Editors' picks
Long
by FlashTrades_
196
BTC Long PositionThis trading idea suggests opening a long position on BTC from 28900 to 28600 based on the Pattan Cypher and Navarro200 indicators. The Pattan Cypher indicator has identified a bullish reversal pattern, while the Navarro200 indicator is showing oversold conditions for BTC. If the price of BTC breaks out of the 28600 support level, it could potentially continue to rise to the next resistance level at 32000. However, traders should carefully consider their risk management strategy and trade with funds they can afford to lose.
Long
by reshhia
BitCoin In Bullish Sentiment, More Highs Expected!Bitcoin has been experiencing a bullish trend over the past few weeks. This week, more accumulation is expected at target levels 1 and 2 acting as potential resistance points. At these 2 levels, prices are expected to face rejection upon reaching them. This consolidation phase could pave the way for future growth in the cryptocurrency. Market conditions can be unpredictable, so caution and due diligence are advised for those considering to invest in Bitcoin. N.B! - BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #bitcoin #btcusd #BTC
COINBASE:BTCUSDLong
by BullBearMkt
Bitcoin refuel area for bounce to 30-32kConverging support areas. Likely to come down to upper trendline for retest of breakout, strength from lower support line aswell as the 1.618 fib for a large amalgamation of supports. We are still in the run phase of the reversla bump and run, move should take us to 30k, above that is the final existing downtrend from 52k sitting at around 32k. Expect very heavy resistance at both of these levels. Should the supports fail, a breakdown to 26 - 25k would be possible.
COINBASE:BTCUSDLong
by Silkman
Bitcoin Long - Still Strong!BYBIT:BTCUSDT.P Bitcoin is still looking strong for continued upside. Possible Bearish Divergence printed - opportunity for slight pullback providing ideas for: 1. Entry if you missed the move 2. Adding to positions Wait for entry trigger on pullbacks - when BTC is hot, most of the times you will not get perfect pullbacks as the market has a habit to front run ideas and buy the pullback early. NB: A break below the 28.8k level (zone) would provide ideas to short to the possible pullback of 25.2k. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n