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BITCOIN (BTCUSD): Detailed Technical Outlook: ₿ Bitcoin is unstoppable. The market gained almost 30% from the beginning of the year. Now the market is stuck on a key daily structure resistance. Analyzing a 4H time frame, I spotted a horizontal trading range. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios: Bullish scenario: If the price breaks and closes above 21300 - 21500 area on a daily, I will expect a bullish trend continuation at least to 22400 Bearish scenario If the market violates 20200 - 20700 area and closes below that on a 4H, a bearish movement will be expected at least to 19100 Patiently wait for a breakout, that will be our trigger! What do you personally expect? ❤️Please, support this video with like and comment!❤️
COINBASE:BTCUSDShort
by VasilyTrader
13
Are we about to turn Bullish? | BTC The daily trend of bitcoin has not changed just yet but a daily close above 32658.99 be our indication to start looking to go long Wait for the pullback to 30243.00 before looking at any entries to go long. While the market could break out you don't want to chase on the push phase of this potential turning point Confluence support came on the 12th of May when we saw our aggressive absorption candle highlight the aggressive buying behaviour with buy-side support at 27585 Stay safe and Happy trading! Don't forget to leave a comment below
Short
by Little_Big_Movement
Bitcoin (BTC) • Slow accumulation rangeAs we keep printing all sorts of shenanigans is important to realise that Bitcoin has not dumping hard on bad news in last few weeks. We keep trading above 35k and we have the orderbooks plus futures showing promising data. Being placed towards the short side or being entirely sidelined is a risk of missing a possible sudden major upside move. As i describe in the video we can definitely see some sort of fast revisit into lows where i see the 35-33k a compelling zone to buy. Major upside target probably sit around 50k OR more extended towards the 58k and the most important upper side range limit. The overall my investment strategy is to be long with prudent risk-management. Unless I start seeing anything that really suggest market is changing. For the moment everything we looked at in this video is mostly looking bullish despite lower prices, macro environment and sideway price action. For those interested you can get access to the same premium indicators I personally use by checking the website in the signature section bellow.
COINBASE:BTCUSDLong
by D7R
2
Bitcoin (BTC) • Macdonals Applications are OpenWe just hit another major support level. Those doing "buy the dip" kind of strategies this seems great opportunity to add to the stack for the long term. I'm certainly buying here. Can we go lower? absolutely. The break of the 40k came faster than expected and open the door for other lower technical levels as we continuously don't see strong fear or bearish sentiment in the market. Volumes on the Weekly and Monthly charts remain unimpressive they don't scream "the bottom" but one important note is that the books on the sell side are extremely thin and this could equally shoot up and leaving everyone behind. Futures are starting showing signs of bullishness but not fully there yet wee need more consolidation and keep sweeing swaps trading bellow spot more aggressively to affect funding rates favourably to longs. We also still missing bullish divergences in most timeframes as well as breaking some structural trendlines on top of price or even the RSI. A reminder that my views are just hypothesis and they are obviously subjective so take everything I say with grain of salt. If you interested in getting access to same scripts I use myself use the link down bellow in the signature for exclusivity and paid access OR alternatively check my published script library where you will find plenty of free scripts.
COINBASE:BTCUSD
by D7R
9
Bitcoin (BTC) • Bitcoin is on sale. More pain?Macro timeframes are looking really bad. But they don't necessarily imply yet a bear market. There is good case for a macro trading range in development. We broke bellow the Quarterly Open from October and we are currently trading bellow the Yearly open currently sitting at support between the 40 and 42 range. There is good chance we bounce to retest the yearly open and max extended toward the 48-50k which seems to be building some resistance. I think after that we can see lower targets in the 37-35 range. That is zone that I will certainly buy spot. As I explain in the video I don't like how we are trading at these levels specially with some data still showing bearish signs and the fact that volumes are still not that significant. On top of that we have the altcoin market incredibly overvalued. All the nonsense need to be unwinded somewhat and Bitcoin drop can help ti flush the system.
COINBASE:BTCUSD
by D7R
9
Bitcoin (BTC) • Year end Bullish accumulationStrong support base remain unchanged while we keep tapping into these lows. Books are super liquid on the bid side from 45 down to 39k. Strong possibility of revisiting lows at 43.9k quarterly open. Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot. General crypto twitter sentiment is bearish. Around 5B will expire tomorrow in the Options market but these moves we are seeing are already reflecting that settlement event. There are insane amount of open value allocated toward puts but put/call ratios is very low. There is a significant divergence between open value and put/call ratios which is looking bullish as well. Futures premiums are quite normalised and not seeing huge short pressure any more for quite awhile with exception of volatility in last few days. Most volume is produced at lower swings and rarely on pumps. Weak hands distributed to stronger ones while there is little fomo ( people not bullish) Remember that my views are merely hypothesis and trading decisions should account for proper risk management based on risk-reward and probabilities. If you are interested getting access to the premium scripts i use personally you can find the link bellow OR you can look for the free ones in my published scripts page.
COINBASE:BTCUSD
by D7R
13
Bitcoin (BTC) • Strong support base There is general fearful sentiment in the market that is sounding bullish to me and on top of consistent consolidation at lows. Funding rates more or less flatlined and keep going back and forward but swaps been trading consistently bellow spot, specially Binance and OKEX. Which is good news. Futures also showing some strength in the premiums while price marking down. Which suggest that short/hedges are getting closed and/or new longs are taking place. Open Interest is also rising while we marking down. We are likely to see some shakeout moves before starting marking up. The books show significant support base down to 40k confluent with the technical support levels based on swing lows but also monthly and quarterly opens. Overall I think is terrible idea to be short in this market. I'm actually feeling super bullish rn.
COINBASE:BTCUSDLong
by D7R
19
Bitcoin (BTC) • Fear is spreading. Good I recommend anyone to take a look at my previous videos where I cover points I didn't cover in this one. but in the one we revisit the technical levels I am looking at and their confluence with what the books are telling at the moment. Reminder that the nature of the books is like a living animal but so far it has been quite steady. What we need to see is that support around 42-40k range to hold well in case we get there. The upper ranges up to the 69k is pretty illiquid at the moment. Watch the video for full details where I also briefly touch on the Options open interest for December contracts. REMEMBER guys... take my videos as probabilities statements and/or useful heuristics to look for when we are making your own trading decisions. ✌️
COINBASE:BTCUSD
by D7R
13