Get started

USD-BTC

BTCUSD Potential bullish rise | 21st Apr 2022On the H4, with price moving below the ichimoku cloud, we expect to see a potential for rise from our entry of 41719 in line with the 23.6% fibonacci retracement towards our take profit at 42516 in line with the -27.2% Fibonacci expansion, 127.2% Fibonacci extension and 100% Fibonacci projection . Alternatively, If price breaks out, it can potentially move towards our stop loss at 40931 in line with the 38.2% Fibonacci retracement level and pullback support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:BTCUSDLong
by Rockqet
Timing the Market Using Tether DominanceI always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different. - It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time. - Since Tether (USDT) is a stablecoin that tracksthe USD, an increase in Tether dominance suggests a pullback or correction in cryptocurrencies. - A simple way to understand it is to think of USD flowing in and out of the market. - On the other hand, if Tether dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market. - If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black). - Key support and resistance zones for Tether dominance are marked as well. - As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards. Bitcoin Daily Chart Analysis - We've tested Bitcoin's yearly open price at $47.2k, and failed to break above the 200 simple moving average (purple). - Bitcoin has retraced to $45-46k levels, which is a completely anticipated move considering that pullbacks can take place upon breakouts. - As the overall structure remains bullish, and we see the moving averages cross again, aligning in order for a bull rally, I expect us to retest $50k ranges again. - Whether we get rejected at those levels, or break through it is unclear, but we'll take it by levels as we always do. Conclusion With Tether dominance currently barely holding local support, I think there's a high probability that we see those support levels break down, and see Bitcoin rally upwards once again. This is definitely an indicator that you want to continuously refer to as you trade. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
Editors' picks
CRYPTOCAP:USDT.DEducation
by Michael_Wang_Official
38
BTC - Depending on TA BTC into new breakdown trend.Hello trading friends, BTC is in a new downtrend area depending on TA trends. The confirmation of this area is the 42600 - we should confirm or come to a time BTC will hit this target as BTC is now still above the 43K. Have a great day. Manage your risk all time - it's BTC and it can go all sides in the long term. some can be 10x times right - but with 1 trade losing all - it's all about risk management not to be right or not. # This chart are not a signal view to go long or short - make always setups depending on your study.
Short
by watchtrend
1
Dogecoin founder speaks out against MC “They’re made by people trying to get rich off of other people trying to get rich,” said Dogecoin creator Billy Markus. Seemingly frustrated by the amount of ‘meme coin’ spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets. Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that today’s meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get rich,” wrote Markus. Markus continued his tirade by bringing up Binance Smart Chain tokens. According to him, these cryptos have “made the internet worse in every way.” He also underscored that he doesn’t care if people want to gamble, but pleaded to keep the spam ads out of his threads. Lastly, he noted that these token ads “make the internet less fun.” Many of his more than one million Twitter followers saw the tweets and echoed Markus’ frustrations. Twitter user Tuanskiii1 describes the spam ads as “sickening.” While the DOGE creator made his points very clear, it didn’t stop meme coin spammers from flooding the thread with more meme coin advertisements. Related: Fading power? Weak DOGE spike after Elon Musk makes McDonald’s offer Dogecoin started to rank within the top 10 cryptos by market capitalization back in January 2021. At the time of writing, DOGE is trading at $0.11 per token, retaining its spot as the top nine cryptos by market capitalization despite being down 17% on the day, according to Cointelegraph Markets Pro. In a recent discussion of meme coins, one of Cointelegraph's experts picked DOGE as a token that may give a good return of investment in 2022, citing notable backers Elon Musk and Mark Cuban.
BITSTAMP:BTCUSD
by monicaagrizzi9
BTC - 44K SUPPORT WILL BRING BTC to 48K TREND (LONG)Hello trading friends, This is a BTC update depending on the last trends. it's important to have good risk management and goal target. 44K is an important point, same time a whale point, and can be seen as support. For time frame long term - this could be seen as support. most also forgot that we are coming from the 69K trend. We will see how this level will handle the coming time - 44K is very important for the breakout of BTC. This with the backtesting trend of ETN tool expecting. Have a great day. This is not a trading call - manage always your risk.
Long
by watchtrend
2
BITCOIN MAJOR PULLBACK SINCE $69K ATHFollowing a 50% drop from $69k ATH, Bitcoin resume its major deadcat bounce with a 20% increase so far. The market has multiply supply zones (S1, S2, S3) that needs to be invalidated before we change bias to Bullish. I will be looking at short opportunities on the major supply zones. There is no reason to long on short term at the moment. Analysis on price action progress will be uploaded accordingly. Note; The only bullish signal will be a strong uptrend on the weekly.
BITSTAMP:BTCUSDShort
by gasom
3