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Btcusdtrend

BTCUSDT Chart AnalysisCurrently BTC price is $21,410.49. In the 4h chart, previously it's reject from the $23,000 resistance level and breakdown the lower level of the descending triangle. Now retest the 21,000 support level and the lower level of the descending triangle. Other than that current price movement near the 0.618 support line of the Fib Retracement . RSI indicator shows the upward movement from the oversold area. If the 4h candle close above the lower level of the descending triangle we can hope upward movement from that level. Trading is highly risk. Always focus about the risk management. Put less than 2% of your capital and less than the 10 trades per day. 1:2 Risk reword ratio is appropriate. Keep more than 50% win rate. These things are according to my knowledge. This is only for the educational purposes not a financial advice. Do your own research. Trade carefully. Good luck!
by kacsray
BTCUSDT | Good Buy Opportunity.When it comes to the technical analysis of BTCUSDT, right now price is staying near the previous support zone where price got rejected with good pressure. So there is a good chance the price will get rejected from this area again. So you may go long from here by place the stop just below the previous demand zone and target for T1. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
BTC/USDT 4 HOUR ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. Daily Candle Closed Above the $50,000 BTC is lying in support of the 49k level and we can see in the chart that BTC is making some equal pattern as we saw this year in September and we are also expecting a bounce from this level . let,s see how 4 hours candle closes. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
by CRYPTOMOJO_TA
BTC PRICE ACTION PREDICTION⚜️Hello mates, it's been a while since i made updates on Cryptocurrencies. Miss you guys and trust you enjoyed the last massive pump in bitcoin with its reflection on alts coins. Lately, bitcoin has been consistently making huge downtrends with quick uptrend reversals after the end of the massive pump to $52.9k. This downtrend process is known as correction period because price has successfully reached the target it failed to retest in the penultimate pump to a new ATH so it's high time it started falling. As the chart implies on daily timeframe, btc is likely to retest $45.6k - $46.3k before the correction to the specified targets on chart continues. Eke, Bitcoin is probable to hit a new high but the probability is mild based on long term perspective of cryptocurrency as a whole. A weekly close above the previously retested target (52.9k) and by holding above $40k will validate a new trend to a new ATH. Otherwise, the next price action will follow the specified trend on chart and as listed on chart, three patterns are likely play out if bitcoin fails to hold $40k. They are: 1. Descending Channel Breakout 2. Double Bottom 3. Inverse Head and Shoulder Trajectories of these patterns have been provided on chart. You can drop a line if you've got questions. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
2
BTC AT CRUX STATEThe current state of btc is crucial and a lot are probable at the moment. As indicated on chart, btc was rejected twice at 46.5k and ending up with a double top. In the event we see a breakdown in btc, the indicated support line should hold and a bounce back is probable which could give rise to an ascending channel (hidden fact for a continuation pattern to the upside). If current support hold then btc might bounce from here to the moon but the double top is likely to play out. Before taking position, watch out for confirmation of the possible scenarios. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
BTCUSDT 4HWe're seeing scenario similarities again, the correction we saw on February 22 is exactly what is happening again. Correction similarities, Oversold similarities Intensity of RSI and MACD indicators, placement on important support after double price correction. For now, we have seen a pullback, but it has shown sensitivity to 57K resistance, and if we do not see support and growth in the same price range, it is likely that we will go to 52600, 51K and 49K, and then see a reversal of the downtrend and pullback, why? In the area of ​​the yellow box is a very good support limit. For now, it is better to stay away from any trading in order to stabilize the market, because sometimes the most profitable trade is not trading, only in such cases and corrections are suitable for long-term purchases and investment.
by mohammadmahdibahadori