Get started

Cryptocurrence

Bitcoin on the daily With bitcoin nearing the 25k marks this represents a pivotal area for the cryptocurrency. As the price of BTC broke through the 1D 200EMA for the first time in almost 12 months, BTC has retested the moving average as support and confidently reacted off that level pushing up higher. However, this lands BTC in the tricky position of being just under the 1W 200EMA as well as the local swing high. The genral consensus is that BTC has too much in its way to break past this level and continue its rally. With the macro economic environment not exactly favouring risk on assets as the threat of recession looms over the market, combined with a local top and a strong bearish divergence being printed it's not exactly a hard sell to be bearish right now. In the case of the bulls, if this key area is breached and there's acceptance above this area, BTC should have no problem filling the FVG up to the 28k mark at least, if that is doable then 28-32k range is the next battleground. In conclusion price could go up, or price could go down. Yes that is stating the obvious, obviously. The main thing to consider is how price reacts off this key level. BULLISH = push above 25.5k -> retest as support -> continue higher BEARISH = push above 25.5k -> sweep supply zone -> dip back below local swing high -> retest as resistance -> continue lower
INDEX:BTCUSD
by ProR35
Bitcoin-where will the price go?What to expect?(2-top?) BTC/USDTHello dear friends. I want to congratulate you again on the fact that all my actions are described in the previous ideas, work out by 99.9% Now let's look at Bitcoin again. Everything I write here is not financial advice, this is not financial advice, and I am not responsible for your "no-knowledge trading" I also do not recommend trading for novice traders without understanding the beginners, the basic points that are needed for profitable trading. Do not chase after the fact that you will immediately become rich in an hour, and do not sell or buy with all your savings what you think will be 100% profitable. Yours faithfully, Opptrade Perhaps I'm wrong, and the price will still be taken out of the 38150 border and the price will be posted there - on confirmation of 4h TF, then the previous analysis of the situation will work 100% But for now, I am working from the short position. Now about trade. Exit from the triangle as it took place, confirmation of the exit from it - it also happened, the price is pulled to 100% of the margin requirements that my bot indicated, namely, to the mark 39630 (we'll see) At this time, if you look at the situation as a whole, then everything looks optimistic, and beautiful, many who buy, make good profits, and short positions suffer losses (not all), and those who trade within the day - since the margin movement of the bitcoin price now is 3180 points. But I assess the situation differently, since there are many prerequisites for this growth to end soon. And a big bear will come into play. Why? Firstly (I will write again from what my trading bot gives me) - This is that the price is now trading above the 37750 range, but there is no way to overcome it Second: Cluster analysis indicates a large accumulation of forces at those levels from which the price corrected and returned to the level of 32000-30000. Third point: The price is trading at 100% of the margin value, and also made an exit outside the triangle ... But - Bollinger indicators MACD and RSI - their values ​​at 4h TF indicate a reversal. Likewise - many traders on different trading floors recommend everyone to buy, but I want to warn each of you - I EXPECT A STRONG IMPULSE OF THE PRICE DOWN, even from these values. Because, according to my trading bot, long positions are now on many exchanges - more than 83% - and only 17% are Short. Based on these values, I expect to see the price at around 35,000 dollars again, to collect liquidity, as well as make a correctional movement - this growth. Which position I will enter, as always, I will make an open analysis of the situation - and publish it in the public domain, regardless of whether there will be profit or loss. Trade wisely, observe risk management and money management, set stop loss and take profit. Take more from the market than it wants to take from you. Don't trade on beliefs. But only from strong levels.
Short
by UnknownUnicorn13204076