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Bitcoin Historical Volatility Index

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BVOL7D trade ideas

Bitcoin recovering from the support line of the rising channelBitcoin has been moving in a broad rising channel on the weekly chart that started since the April's peak. Recently, the price bounced on the support line of the rising channel. This pullback came in line with the primary bullish trend as the 20-week EMA is still moving over the 50-week EMA, which indicating that the bull market is still intact. The appreciation can resume in the coming sessions as the market seems to be trading out of the oversold waters according to the Williams %R and the IMI. Yet, the support line of the ascending channel is safely driving the price northwards. Hence, the bullish move is intact unless the bears press the price below that support line and the most recent trough around $33,000 . Currently, the price is testing the 38.2‬% Fibonacci retracement level as well as the 20-week EMA at $46,762 where the price has dropped last week. Should the bull run continue, the door would open for the resistance level at $52,500 and then the 61.8% Fibonacci retracement levels at $55,273 . Additional gains from here would clear the way towards the tough resistance zone of $59,700 to all-time-highs in November 2021 at $69,000 . On contract, if the bears take the upper hat again, the price may seek initially support at $40,000 and then the support line of the rising channel and the most recent low near $33,000 . Falling beneath $33,000, the spotlight will turn to the key support zone from $31,230 to $29,000 from January 2021. Summarizing, the most recent trough in Bitcoin may live in the medium-term amid strengthening momentum signals, the upward trajectory could keep buying confidence intact, as long as the price holds above $33,000.
BITMEX:XBT
by MohammedEl-Sherbiny
New Forecast: 30K or lower in 3 Weeks..!This is just my observation do whatever you want..! Bitcoin is nothing but the battlefield of algorithms..! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBTShort
by Moshkelgosha
6
Bitcoin forecast for the next 3 weeks!With the current momentum, it is highly likely BTC will retest the 30K zone in less than 3 weeks! Keep in mind this is a 3 weeks forecast and there will be some positive days in between that could be used for day traders! There is a slight chance BTC retest the 45-46K level in the next 7 days and then slips away! However, the probability of having more red days is higher! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. *You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
BITMEX:XBTShort
by Moshkelgosha
7
We call this Max Pain First we pump to damn near previous ATH. Retail who is currently panic selling and shitting their pants are in disbelief, they FOMO in and provide us with exit liquidity. We proceed to print a nasty head and shoulders on the weekly and then its goblin town. The past, the present and the future occur simultaneously. Everything that is always has been and always will be. As always, my memories are from the future. We'll talk again when time catches up.
BITMEX:XBTLong
by blockchaingod
6