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Resistances

Bitcoin (BTC) Price Prediction: BTC/USD Holds above $39K SupportOn February 17, the bears succeeded in breaking below the $41,800 support as BTC price attempts a rebound. The breakdown signals the resumption of a downtrend. In retrospect, the largest cryptocurrency has been range-bound between $41,800 and $45,000 price levels. The bulls made several attempts but failed to break the $45,000 overhead resistance. Sellers have regained temporal control of prices as BTC/USD declines. Resistance Levels: $70,000, $75,000, $80,000 Support Levels: $50,000, $45,000, $40,000
CRYPTOCAP:BTCLong
by Jessica86896
TRON time to gain 🚀🚀Based on the chart, the price is close to channel resistance ✔️ and here we have an important support area for the price ✔️ if the price breaks the purple area and our channel resistance to the upside and stays far from the purple area, we expect sharp gain for the price 🚀💣 other important support and resistance are located on the chart ✔️ This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
2
BTC: Level GOD support zone HI trading Community My warm greetings to everyone Nice to meet everyone who is looking for These Ideas. I will be glad to hear your opinion about this. Yesterday the price of Bitcoin had fallen down to $33000 and after that it abruptly grew up to $37500 That zone is strong resistance zone and BTC has not overcome it. BTC will drop again to be accumulated and will try to test Level GOD support zone. The support zone , which we have just named Level GOD, is located at $29000-$30000 If it goes down from this support we should wait BTC at $20000. What do you think about BTC? If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
by cryptonaut25
2
Double Bottom Formation or crash till 40K? #BTCUSDTOn last days the leader crypto currency made some serious correction's on the price and it was on verge of a breakout but .... Where to go ? Rise or Fall? Our initial guess is the double bottom formation when we look at the chart .... But every coin have 2 sides .... Also we don't recommend you to make trades with bitcoin because the volatility of the BTC is low ,it cannot generate a significant profit just like the previous years. Therefore our assumption for BTC is only that it can be used as reference on the trading sessions for other crypto currencies. As you know there is a correlation effect in the market, if BTC rise every coin will rise , if BTC will fall every coin is also follow its fall. Without further ado here is our thoughts on the leading currency. P.S : it was not a investment advice , please use stop loss on your every trade. 1 - The BTC can made a double bottom formation and price can rise till 60 k , Why ? because every trader know that if you want to make a profit you have to buy on dip and sell on the highest peak. 2 - The support of 45 K can't hold and with panic sells the BTC price can fall till 40 K support zone. The psychology of the market have a greater effect on the price levels therefore please monitor your investments carefully. We appreciate if you like , share and give us your comments on the idea, thank you for your time. Good luck and good hunt.
by Oracle_Systems
Not Much Time Left For BTC To Make A Decision! When looking at BTC on the 4hr TF we can see that it is approaching the end of the triangle shown. Every line shown is a major S/R zone. Let us watch and see which line will get broken first. If the diagonal line is broken, that will be a bullish sign and if the yellow line below is broken that will be a bearish sign. Whichever break, let's wait for a retest and a continuation in the same direction or the break, to confirm a bullish or bearish move. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
2
RSI: A simple method to trade trends and rangesI write this tiny article to share the basics or my use of ths RSI indicator, coupled to supports and resistances levels, as well as trend lines (or any indicator you want to use as SUP/RES (moving averages, vwap ...)) This use implies a bit of practice in spotting divergences, but let's be honest, many of them appear on previous supports or resistances, just look at these levels and you can be sure you'll find them if a reversal is about to occur.) The second specificity is the use of a moving average applied to the RSI (in my exmaple, a 50 periods EMA) I developped my own RSI+MovingAverage script, but I'm sure you can find similar scripts that have already been shared within the community, thats why I don't publish it for now. Anyway, feel free to ask if you're interested in my script, it's obviously free. Lets consider two different contexts: Trends (Bullish/Bearish) Ranges In trends , there are two things to take into consideration. Let's explain what we need to work on a bullish trend: - If the price is on an interesting level (moving average, trend line, support), you can try to long upon the RSI crosses its moving average, indicating the potential end of the current retracement (even better if a bullish divergence appears close to this price) - If the price gets close to a resistance, and moreover if a bearish divergence appears on the RSI, you can consider it as a good exit price, or wait for the next retracement in order to pyramide your trade (depending on your approach). In a bearish trend, you obviously need to do the exact opposite, wait for retracements (flags or other), and find bearish divergences OR sell when the RSI is clearly crossing down its moving average. Of course you can wait for the RSI crossing above/under its moving average to get another confirmation that the movement is starting. You can see a few examples on the following screen In ranges , it's even simpler. Once you found your support and resistance levels (it can be old levels that have already generated good reactions) all you need is to spot bearish divergences on the resistance, and bullish divergence on the support. I personally like to cut at least a part of my position when we reach 50% of the range, which can be often considered as a support/resistance. It's totally up to you to exit on this point or not, depending on your preferences (simple scalping, anticipations of a range breakout to make a new trend, lower timeframe trend following, etc...) Range example: Additional notes When you trade a divergence, try to always open your position when the RSI rebounds on the divergence line, and not after, remember that opportunities are everywhere, don't mind if you missed the last one, don't enter too late in a movement. Even if a range is a global horizontal movement, it's still composed of alternations of bullish and bearish movements between the same supports and resistances, therefore, you're of course able to trade it as trends on lower timeframes Don't forget to look at candles, which can also give you strong signals on important levels, on current or lower/higher timeframes. The price is always the key Of course, think about the DOW theory.
Education
by noop-noop
2
$US500 - S&P500 futures almost back at ATH, Santa is coming?? After the sharp "omicron-dip", the S&P500 is almost back at all time highs! The daily EMA100 got bought heavily and markets melted through every resistance since then. The daily RSI keeps showing baerish divergence though, and also volume kept tapering off, also in the ETF on the S&P. I would not open fresh longs here, instead taking some profits here seems reasonable. At the moment, a correction down to 4.650 would not be weird at all, also to backtest the support from november 11th as support again. Also there was a big gap opened up yesterday in the markets and most of the stocks, most of the up gaps get closed within the first 7 days after they got opened, whatever that statistic is worth at the moment, but it is just a fact to know i guess. Once 7 days are over chances drop sharply to get that gap closed soon, those gaps mostly get closed later on in a bigger correction/crash then. Overall, i would aproach markets with caution at the moment, we are at heavy resistance at the moment and a small set back is kind of likely here. A break to new ATH, even more when a nice backtest happens, would be a bis buy signal though. Stay safe in this markets guys!
U
by 10xTrading
Moment of truth - BITCOINHello dear crypto friends! New all-time high or bear market after all? No idea. All I know is that all of Twitter is bullish again and influencers are summoning the moon. Whereas the last remaining bears are looking for explanations. So what to do? Keep it simple! What do we see? Major Gann resistance for next week, price marked. And what else is there? Right, the 0.786 FIB level, which Bitcoin loves for corrections. I'm not a perma-bear, I'm just saying that these two resistances should be overcome before we dream of a new ATH. Stick to facts. Thanks and good trades!
BNC:BLX
by UnknownUnicorn9344165
30% profit in case of formation of an upward trendYesterday, fortunately, with a suitable volume, the downtrend line was broken and we saw a pullback to it in the four-hour time frame. Due to the formation of a new uptrend, I pulled a TREND-Based Fib at the beginning of the trend and as it can be seen in the picture, it worked well. Due to the formation of Doji on the support of 1 Fibo and the good support of the trend line, I expect the resumption of the uptrend and the most important resistance along the trend of $ 2, which is the resistance of Rand number and 1.618 Fibo Nachi, and in case of failure 2.3 I consider $ and $ 2.8 to be the most important resistances. In the daily timeframe, we also had a continuous Wedge that broke, and I expect the price to increase as much as the norm, which is exactly $ 2.8.
Long
by AmirAli4bdi