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Btcusdtpredictions

WARNING : IS BTCUSDT APPROACHING 33000 ??Hello !! Welcome to the quick update of BTCUSDT. As I said in my last chart: BTC could dump more and may take a bounce from either 35000 or 33000 as it broke down the long term bear flag. As seen in the last 12 hours, BTC was unable to hold the 35800 mark and broke down the 1st level of support i.e. 35000, touched 34200, and is currently trading around 34600 at the time of writing this post. As of now, I guess BTC is retesting the 35000 level before taking another dump until 33000. The last hope for BTC is a rebound from 33000 and take an upside momentum. The market is still very bearish, uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
1
BTCUSDTBTCUSDT rejected the resistance price @ 52,000 since the beginning of the month and since then came down to 40500 to form a support. Price still holding at that support area (40500/39600)and from a bigger picture on the Daily TF, we can spot a bullish continuation flag pattern. Price has been under pressure in the support area and showing us that the bulls are still trying to hold the position. If it can be sustained, then we might likely experience the length of the pole of the flag upward to 55000 first to break 52500 resistance and then to the next price action at 65000. We approaching the last quarter of the year and there is likely going to be a bull run. This is my bias. Please comment and share your ideas.
Long
by Celsius_Trader
4
BTC Wyckoff Accumulation (A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR. STB replaces the previous ST. If this is correct then it would seem that we are approaching the "SPRING" very much sooner at just below 28,000. Please comment on if you think this idea is or my previous idea is more likely.
by THE-GERA
BTC Breakout has been Instrumental! - Quick Update :-)As you can see the breakout has cleared expectations quite massively It broke to our expected areas, highlighted by the % change ranges and also the 1.618 fib However it then flipped these areas to support and has now reached the 2.618 fib This is a crazy push, the MACD positive cross helped the momentum printing an almost $2000 candle If it can flip the 2.618 to support then happy days, it could keep running/consolidating around that area Be careful though, as at such price discovery, if it were to drop it would do so quickly - remember the Bart Simpson shapes of old I've got my eyes on the wick formations on the candles as that could highlight a top, as candles with big wicks on top would suggest selling pressure - will be using 1HR and 4HR charts predominantly Also look for bearish divergence, can be very strong on BTC especially on the 4HR These would be indicators to not enter longs/spot positions, but maybe to open short positions, however with increased volatility opening shorts will be risky in such an uptrend This run has been so bullish though and will most likely continue, but there will be a pullback, maybe it will be now due to the 2.618 fib or maybe at 35K Trade steady and lets make the most of this astonishing bull run! Quickly on a side note - doge coin has done very good things as it hit a major support on weekly timeframes against BTC Also ETH and LTC are running well, where LTC looks to flip the top of a range into support - eyes on 146 and ETH eyeing up the fundamental 800 XRP is still stinking due to its SEC case - ranging from 0.18 to 0.24 but not building any sort of momentum for a proper run which is not surprising - I have stayed away for now!
by InvestmentsHub