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BTC 42k target reached, clear skies ahead!As mentioned before, Im just a day trader sharing my ideas, please DO NOT take them as financial advice, always do your own research. As seen in my previous ideas, BTC was stuck in a range (46k-48k) for over a month, and it failed to breach the 48k resistance multiple times. The 200ema (In the 1hr chart) was pushing its celing lower and lower and it slowly started ranging in lower values. The 47k support finally flipped into resistance and today, the pair formed a descending channel, followed by a descending triangle right at the edge of support (46k), which was a VERY bearish sign. As expected, this turned into a sharp fall to 42k followed by a quick recovery to 43.5k (At the time of writing). This is EXACTLY what we were waiting for. BTC finally re-tested its lowest low and is gathering momentum to move up. We'll see how the next few days play out for the pair, and the direction the Asian trading session takes (Starting at 00:00 UTC) is something we have to play VERY close attention to. I hope you guys could take some profits and enter in some strong LONG positions. Cheers!
Long
by cryp70g0d
15
Elliott Wave count for BitcoinHello everyone, Here's the update for Bitcoin in H1 timeframe, You can see the details in the chart, If you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates. 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis
BINANCE:BTCUSD
by fx_iranian_traders
btc price ranges are obviously biggerHello Friends Since one bitcoin is worth more than 40 thousand dollars, the price ranges are obviously bigger. For other smaller coins you know when it's the best support zone and trade with more confidence. But here we are looking at coin with a support range of 14 thousand dollars. Now daily traders know what they're doing but those who want to buy and hold always think if this is the best time to buy or not. What do you think the best time is? I think since we're looking at a manipulated market, any price inside that green price range is a good one because too many companies are involved in the cryptocurrency right now and we can wait that much for the price to reach the bottom. I'll keep this chart updated. Use this chart as your trade setup for now. Current Market Price: $46487 Good Luck & be careful about your assets.
by BlessedBlasphemer
BTC Next Moves $33,000Hi BTC is in a downward channel as it kept rejecting the Demand zone and major resistane level at 40k Now it will likely be down to 33k and test this key support level again, the 1 hour is looking bullish so BTC would go backup to test 40k before possibly turning bullish However there is the possibility that the 1 hour could turn bearish and BTC could reject the 33k suport and break this level down to 27k This would mean BTC next level would be potentially as low as 10k... Im still Bullish on BTC and see it testing the 40k demand zone once again since the whole market including BTC is in a Sideways trend right now, with the exception of Oil prices which have extremely spiked. Disclaimer:*Not a financial advisor. Please inform your own decisions off of your own analysis. Thanks Marlene
BYBIT:BTCUSD.P
by marlenri
💎BTC: Things are Getting Ugly on Bitcoin !!Hello Dear Traders, In last Post i discussed about triangle breakout upside bt triangle broke downside and we seen massive sell off. when the news came tht ,"US President Joe Biden said to propose almost doubling the capital gains tax for the wealthy". this news triggered panic selling on U.S Stock market as well as crypto market. BTC tested 48500$ area, which is good support area bt i m expecting btc will test 44-45k area which strong weekly demand zone. yesterday with this sell off, btc broke last weekly low which is very concerning thing for existing of bull run. In 2 days we will see weekly candle and in 7 days monthly candle closing, we have to see where we get monthly and weekly closings. which will define Bull market over or not??
by mbn_global
3
🔥BTC may drops to 28K!!! Everything you need to know 👇Hey everyone At the picture you can see the descending channel of BTC that I'm sure it's accurate. We got many of supports but most of them are not as strong as we need. So we got three support key here which one of them is a very strong static support at 38K and two of them are fan fibonachi level. So the first support that BTC may come back from there is 44K second one that it's very possible for BTC to come back there is a strong resistance and a key level on 38K, but if BTC breaks this level too and keep dropping next key support will be on 28K Don't use leverage put stop loss and BE CAREFULL about bullish traps
Short
by CryptoTitans1
2
BTC/USD - 9% drop: buy opportunity or worse to come?BTC dropped 9% scaring bulls for a second, but really, this was a reminder that the market goes both ways and the greed we have seen lately had to be punished. However, should we be concerned? Not at the moment. We have quickly found support at $44k and now we are bouncing off this support line. You should become concerned if we fall under 44k, don't recover and break the yellow parabola. That may indicate the Elon Musk pump was hot air and we go back to $40k. On 4h I do not like the indicators as MACD did a bearish cross on the negative side, which seems to suggest, even in the most bullish scenario, we will range here for a while before the up-trend resumes. However, on daily, the indicators are still very bullish so this may be just a temporary correction before we can go higher. The bears had to punish the bulls as most exchanges were over-leveraged on longs with funding rates on futures reaching 2% a day! Imagine losing 2% a day to stay long... Greedy no? In such cases, just use spot markets and avoid this madness. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
BITSTAMP:BTCUSDLong
by DU09
6