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Btusdanalysis

Bitcoin Support (BTC Analysis) Please support my work by clicking the LIKE button(If you liked).Thank you! Support and Resistance clearly mentioned on the chart. As you can see that BTCUSDT is falling and is getting support around 30 to 32.5K. Afterwards it will go on rising to 44K - 52K. What about me? I think it will remain Bearish for a bit as you can see it is making bearish trend. So it's better to buy it while it's in support. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
Short
by zulqurnain312
8
Probable price reduction to the range of USD 7,000 existsTo be able to consider the uptrend for Bitcoin, the price requires to cross the range of USD 12050, but at the moment it does not happen yet, and the RSI does not show enough strength to be able to do so. In the 240-minute chart, also by examining the details of the waves, there is a scenario that the second wave is in the form of Double Zigzag, in which the ascending trend case, which is in the range of USD 11,720 has terminated with 3 waves, which was the X wave. By crossing down to the range of USD 11172(the main confirmation for the price crossing the trend line has been drawn), descending targets of the price could be extended to the range of USD 7100.
Short
by NirmataFX
Potential Long $BTCUSD above $8800Hello Sophisticated Traders, Thanks for your comments, like and follow on my previous post. The $BTCUSD has consolidated as expected and is holding on to support. Though it cannot be ruled out of addition falling especially due to Covid-19, it would seem that the consolidation is in line with a potential upswing over the coming weeks and months. A daily close below $8800 would negate this setup and yield more falling. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
BITSTAMP:BTCUSDLong
by DrLydia
4
BTCUSD Longs - Patiently Waiting For It!We've been riding this descending wedge (reversal) pattern for the past 24 hours or so almost perfectly, which should culminate in a breakout (hopefully) to the upside as we near the end of this Elliot Impulse Wave (12345). "Mr. Ichimoko" still says we're still in a downward/bearish trend, which impels me to follow the KS (red line) indicator and be very cautious with any longs (scalping only at this stage). MACD is certainly improving on the 1HR and 4HR timeframes. However, the Daily MACD is still looking awful, which suggests this has a ways to go down before we get bullish again. I'm cautiously optimistic that we will soon be able to break past resistance at 10.2K, as the bulls definitely seem to want to push this higher. That said, I think we drop back down at or slightly below 9K. I'm still patiently waiting to go long(er) when we drop to my ideal buy zone @ 8,800-ish. In the meantime, I'm watching the trend closely, and have cash on the sidelines that I can deploy to play these ranges or go all-in if we breakout sooner than anticipated. As a reminder, I'm a newbie to TA so please take my comments with a grain of salt and do what your gut tells you from here on out. This is not trading advice, just my real-time thoughts.
COINBASE:BTCUSDLong
by CryptoFlier
3