Get started

Cryptos

BTCUSD: Testing the first major Support. Can go lower.Bitcoin is dropping rather sharply after the 1D Golden Cross formation on Monday turning the 1D RSI neutral for the first time in more than 1 month (RSI = 45.936, MACD = 661.500, ADX = 29.791). In the process, it reached S1, which is a wide Support Zone. In our view, it has greater probabilities of making contact with the 1D MA50 before rebounding, so until this reaches the S1, Bitcoin may take some time sideways inside the Zone. A crossing under the 1D MA50 (candle closing) targets S2, most likely the final Support of this correction as we have to also consider the HL trendline of the November 21st bottom as a buy level. In terms of RSI, the most efficient level to buy would be the Oversold Zone, below the 30.000 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:BTCUSD
by InvestingScope
2
Bitcoin short-term view - next bearish target at $21,000🐻Bitcoin short-term update (a) BTC at my bearish target - FIB golden pocket👀 (b) next bearish target at $21,000🐻 (c) next bullish target at $23,127🐂 How was your day dear Crypto Nation❓😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:BTCUSD
by Crypto4Everybody
BITCOIN Lots of potential based on the USD.It is natural since the two are negatively correlated to see Bitcoin moving in the opposite direction of the DXY especially on the large timeframes. It is not a coincidence that when the DXY broke its Rising Support, Bitcoin followed with a break of its Falling Resistance. The DXY is leading the markets as it is absorbing the inflation news first. What we do see from these charts though is that Bitcoin is lagging and its potential for further rise in relation to the USD is huge. Especially since the DXY's 1week MA200 us much lower while Bitcoin is attempting to break above it. Follow us, like the idea and leave a comment below!!
INDEX:BTCUSDLong
by TheCryptagon
4
Bitcoin Update 2023The bitcoin market operates in repeating cycles, like clockwork. The left chart shows Bitcoin's performance in April 2019, after a significant increase, taking it out of a capitulation range. The right chart displays the current situation, and the strategy so far has been straightforward: just look at history. If the cycle repeats, we can expect a breakout in 10-15 days with a target of 35,000. 35,000 is a crucial level for multiple reasons, including being the 0.382 Fib and the highest CME gap. This level could potentially be the top of the relief rally, but it is expected that human emotion and FOMO will drive the price higher. Mayer Multiple bands The chart is clear , the cycle is repeating. We even formed a small base over the yellow band just like in 2019. The only concern currently is the descending wedge in USDT on the daily, which could impact the move to the upside. In a short time, Bitcoin is projected to reach the value of 35,000. The inclination to purchase, accompanied by an emotional disturbance in the abdomen, is commonly referred to as Fear of Missing Out (FOMO).
COINBASE:BTCUSD
by Sporia
4
BTCUSD: Ranged trading, many opportunities.Bitcoin is at the bottom of a 2-week Channel Up pattern with 1D technicals still bullish (RSI = 61.203, MACD = 1023.500, ADX = 42.545) but not overbought as previously. Right now with the circled pattern having seen three times already in less than 1 month and the price at the bottom of the Channel Up, we are bullish (TP 23,300). A closing above the 4H MA50 will trigger a new buy to the bottom of R1 and similarly a closing above the Channel Up will trigger a buy to the August top (TP = 25,200). Sell trigger if the S1 Zone breaks, in which case we should see 1D RSI in negative territory and we will take the opportunity to short to the 4H MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:BTCUSDLong
by InvestingScope
3