Xbtusdt
Bitcoin has very bullish TA and even more bullish FAClean break of the old ATH and reclaimed that old support. Resistance turning into support providing a very clean setup. The total crypto market cap has been making new highs for days now, especially the Altcoin market cap leading the way. Banks are getting in, an ETF is coming and stocks are also back to going up and the USD might have topped for a bit. Even the current drop in bonds and rally in USD weren't able to kill the Risk on rally which is great.
Clearly that's a simple target and my stop loss based on some pivots and indicators. Currently my lowest target is around 100-120k, then 150k and then I expect the top around 200-300k. So definitely too early to tell about anything right now. On the other side for now I think 54-55k would be the bottom if we get there.
BTC new ATH 65K on the wayBitcoin has broken out of its current pennant pattern. There are a few confirmation candles printed before falling back down to retest the old resistance level (now support) before moving up towards a new all time high.
Look for BTC to push up towards the 65K region in the coming days before finding resistance.
BTC head and shoulders and supportTaking a look at the chart we can see BTC forming a head an shoulders pattern which typically sees a move downward from the the same height as the head and shoulders pattern (marked with two short green lines on the chart).
However, we have the trend channel's support to consider. Matching these two indicators up we have a price target around the all important psychological level of 50K.
Watch for BTC to make a move down towards the 50K level before finding trend channel support and moving back up.
Buy the dip.
Testing new support on 49kAlright guys as you can see btc testing 49k as new support line.
If you see a candle lower than 49, it means we are going to take a retest on 39~42 k again
So, I recommend you to stay for a while and watch market, for safety and better position, take a long at 41k and 39k(Target will be around 70k).
As always, take care and wear a face mask.
BTC - Resistance is brokenSo, S/R flip happened.
I don't see much of a reason why BTC might not go further from a technical point of view. As long as $52k support is strong it will grow further.
Waiting for the ETH turn btw, and another $2k retest 🔥
Waiting for the ETH turn btw, and another $2k retest 🔥
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTC - Scalp long and $53k resistance retestHave a lot of bids around ~$43k but looking at the chart it looks more likely that we will go back to test $52k .Anything below $47k is actively buying back.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTC - Scalp long ideaAfter the rapid fall, the bitcoin price has calmed down a bit and is now in a tight range.
Bull view: So, I think $52k could be a decent place (but not good :p) for a scalp long.
Bear view: But if it falls to $45 I won't buy that dip, and will better wait for $42k.
And it could range $52-$45 for a while
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
💎₿TC: Again Strong Upside Move After Crossing This AreaHello Dear Traders,
after strong correction btc found demand at 45k area,
square and MicroStrategy bought btc in this correction. in the chart u can see tht btc bounced from fresh demand zone and now small previous breakout area has became supply zone, soon it this supply zone will be breached.
whoever is waiting for buying btc an accumulate small portion in between 48-49k area.
once btc crosses this fresh supply zone , easily btc will test 55k area again.
i m waiting for daily candle confirmation for alts entry, then only we will buy alts.
as btc dominance is rapidly decreasing , now also we can buy alts. bt better to wait for daily candle confirmation.
BTC still vey much bullishBTC had a sizable drop this morning however it is still firmly in the trading channel and now rests on the center line.
Until BTC breaks out either side of it's current parallel channel There is no need for alarm. This is only a correction and reset of indicators to gather energy to spring up along its current trading channel.
No need for a panic. It's sale time! As they say: Buy the dip.