Btcusdtoday
BTCUSDT Mid Term Trade !Hello, dear friends
BTCUSDT Mid Term Trade !
On the left side You can see the price movement of 2019 year. On the right side - the present price movement.
Such movements ( like it was today ) are typical for BTC .
If you like such format of my quick analyzes, support idea with like. I'll try to find more opportunities for making 💰
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Sincerely Your DrDonIQ
BITCOIN The After HALVING effect(Where is BTC( 7500-10500)Today analysis I tried to make it very simple.
The M pattern can lead BtC To 7500 before it rally back to 10500.
Just like The W Pattern in my last analysis where It I pointed out using the broadening triangle that BTC will hit the 9500 zone reverse and Congratulations, the target hit successful, now we dip to 7900-7500 zone which will most likely lead to 10500
BTCUSDT- are you expecting a price increase?Good day to all crypto fans!
What is happening now with the price of MTC, let's analyze?
The BTC price corrected from a low of its fall to a maximum of 84.31% according to the Binance exchange. Not reaching the 7135 level quite a bit, at the maximum, the BTC price was 6957. A strong resistance level since 2018. Marked on the chart. The next level is 7934. The level of standard BTC correction, according to historical data or 0.618 Fibonacci, coincides with the peak of the wedge in which the price moves. Most likely the price from the rising wedge goes down.
And the question is whether the price will reach this level before the correction?
Binance exchange limit orders do not expect prices above the level of 7135, and Bitfinex limit orders exceed 7934.
As you can see on the chart, the price moves in a downward channel, in the upper part it goes down from a locally upward channel. Upon exiting the wedge, the price will be adjusted to the level of 5840 or the average channel border is indicated on the chart. The so-called "refueling", which does not cancel the further movement to the level of 7934, or the upper boundary of the downward channel.
A divergence formed, marked on the chart. But nothing prevents making a triple divergence, which will be even stronger than the current one.
Most likely, the price will reach the level of 7934.
While there is a beautiful rebound - the correction from the fall of the stock market I see nothing impossible in that, without volumes, to reach BTC even higher. And there everyone will expect the closing of the huge gap and the development of the “Cup with Handle” pattern, and then, the price, together with the stock market, will fly down. But this is likely to be in April. Before the very poor reporting that everyone will expect.
A scenario with possible growth should be considered only with the surf and consolidation above the level of 7135.
Thanks to all my subscribers and readers for your attention!🙏
Success and profit!🤑
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
BTCUSDT-the picture is local. We are knocking on the trend line!Good day to all crypto fans!
Previous idea at work! Attach below!
What is happening now and what to expect from the market?
The BTC price made an impulse down, thereby approaching the level and the lower border of the channel, after which it rebounded in a corrective movement. The trend line marked on the chart restrains from further growth.
The price can still adjust to the level of 6318. With the subsequent downward movement. Levels are shown on the chart.
Thanks to all my subscribers and readers for your attention!🙏
Success and profit!🤑
Do not leave without a like, and if you like my analytics sign up and you definitely will not miss anything!
Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
If you want to learn how to understand the market, make money without nerves, write me in a personal!
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Bitcoin looking further Long side scenario level $7,000XBTUSD Technical Overview:
Trading Range: $6,430 - $6,788
Key Resistance: $6,630 - $6,676 - $6,743 - $6,788- $6,945
Key Support: $6,548 - $6,491 - $6,464 - $6,420 - $6,364
Technical Indicator:
Moving Average: Simple Moving Average 100 ($6,570) & SMA 200 ($6,574) strong support for Bitcoin intraday.
RSI: RSI lacks bearish momentum & strong support at RSI level 44.06, if it will break down than XAUUSD more down and vice-versa.
Technical Trade Idea:
Most Likely Scenario: Long XAUUSD $6,450-$6,485 strong Stop Loss $6,372 & target $6,620 - $6,676 in extension.
Alternative Scenario: Short XAUUSD $6,350-$6,330 Strong Stop Loss $6,482 & target $6,258 - $6,194 in extension.
Overall, The U.S SEC is expected to rule over another ETF proposal on September 30(Today). Bitcoin has been predicted to make a comeback towards the end of this year. Currently, the bulls are alert and are ready to spot all technical signals that will indicate the next swing towards $10,000. Bitcoin has experienced overstretching declines this year from the all-time high close to $20,000 to the current price at $6,756.
In the recent months the tussle between the U.S Securities and Exchange Commission (SEC) and the firms seeking a Bitcoin exchange-traded fund ETF) has done more damage to the deflating crypto. The authority is expected to rule over another ETF proposal on September 30(Today). The SEC rejected the other ETFs on the grounds manipulation among other issues.
Thanks
YoCryptoManic
Should Bitcoin complete Bearish Flag pattern ??XBTUSD Technical Overview:
Pivot: $6342
Day Trading Range: $6250 - $6630
Key Resistance: $6410 - $6450 - $6520 - $6585 - $6620
Key Support: $6364 - $6338 - $6281 - $6230 - $6150
Technical Indicator:
Moving Average: Price is above SMA 55($6390) strong support & below SMA 100($6492) strong resistance for the day.
RSI: Indicator show upside bias, moving above 50 level.
Technical Trade Idea:
Most Likely Scenario Short below $6342 with target $6300 - $6250 in extension.
Alternative Scenario Long above $6342 with target $6450 - $6520 in extension.
Overall, XBTUSD price action the recent range-bound behavior has formed a bearish flag pattern. Bearish flag pole is around $1000 from the top to the bottom for the pole, should the bears breakout, could force Bitcoin doing to the $5500 territory.
Technically, given the mentioned flag patter formation, it does suggest XBTUSD could be vulnerable to a breakout to the downside. If playing by the textbook, the flag pole of the bearish flag is around $1000 in value, which could see a $1000 drop, should the bears pick up momentum and cause a breakout to the downside. Near-term support eyed at $6200-100. Resistance to the upside seen at the upper part of the flag and current range, $6600.
Thanks
YoCryptoManic
Bitcoin Eye targetting $6464 TodayXBTUSD Technical Overview:
Pivot: $6311.4
Key Resistance: $6354.5 - $6397.17 - $6431.5 - $6465.83 - $6542.43
Key Support: $6277.5 - $6243.17 - $6200.5 - $6157.83 - $6080.3
Technical Indicator:
Moving Average: SMA200 ($6392.43) & SMA100 ($6452.78) Strong Resistance for Bitcoin today.
RSI: RSI lacks downward momentum (above 50 level), forming a symmetric triangle, getting ready for BIG move.
Most Likely Scenario Long position above $6311 with target $6397 - $6430 in extension.
Alternative scenario Short below $6230 with target $6150 - $6080 in extension
Overall, the upside for Bitcoin and the broader market were comments from the SEC Commissioner that were crypto friendly, the Commissioner stating that the government shouldn’t pin back the expansion of the cryptomarket by limiting the release of new crypto products.
While U.S Commissioner Peirce is considered to be on the “For” side of the crypto camp, the comments were certainly supportive following a string of Bitcoin ETF applications being declined.
As the markets prepare for the Mt.Gox flood of cryptocurrencies, a Bitcoin ETF approval and inflow of institutional money would be quite timely, particularly when considering the fact that institutional money should smoothen out the volatility, though ultimate influence may well reside with the Bitcoin whales.
Thanks
YoCryptoManic
Bitcoin, Still No Good News From EU RegulationsBitcoin Technical Analysis
Day Trading Range: $6400 - $6755
Key Resistance: $6574 - $6653 - $6755
Key Support: $6488 - $6430 - $6372
Technical Indicators:
MACD: MacD showing heavy volume in upside bias.
Moving Avg: SMA50 ($6352.20) Strong Support & SMA100 ($6735.50) Strong Resistance for the day.
Technical Most Likely Scenario: Long Above $6400 with target $6650 - $6780 in extension.
Alternative Scenario: Short Below $6350 with target $6280 - $6200 in extension.
Fundamental:
Market anxiety over the EU Finance Ministers’ meeting on Thursday eased as the day progressed, supporting the 2nd half of the day rebound across the crypto majors, with the news wires silent on the discussions behind closed doors, fears of an intent to roll out heavy handed EU specific rules and regulations for the cryptomarket having contributed to the downward pressure through the first half of the week.
No news was good news as far as investors were concerned, with any news that has trickled from EU Finance Ministers suggesting that intentions are not to cripple the market.
Thanks
YoCryptoManic