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Bitcoin-trading

Near Identical Rally SetupHello! Yesterday I posted an idea based on ascending triangles that turned into a pretty good trade (link below). In this idea, you can see that one included as well. The first set of triangles was yesterday's setup. Today's idea shows another set of triangles that have formed and they are nearly identical to yesterday's. I'm going to leave my long open for now. There was even a small dip at the end of the first triangles that has played out again here. Though I am long I think it's a pretty precarious situation. They won't play out the same way necessarily. There is many other factors I take into consideration when taking a position. - Yesterdays Idea
Long
by D-Rock_Anomaly
Bitcoin Shorting IdeaGood evening Traders, We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit. Here is my Game Plan: - Bitcoin needs to push into box between 28500 and 29500 - We need to see some price consolidation - No big spikes above 30k (otherwise idea is rejected) - Drop right onto 28500 - Further consolidation needed - Once we break below 28500, trade is activated and I will be looking to short - Short when Bitcoin breaks 28300 clearly Hope this helps, but make sure to watch the video to understand the idea. Leave me a follow if you enjoy my content! Best TraderCH
Short
by TraderCHgold
3
EOS/USDT Technical Analysis overviewBased on the chart analysis:- EOS is currently trading at $1.21 and appears to be in a parallel channel. It is currently testing the resistance level at 1, and if it breaks above this level, there could be a potential upward movement. However, if it fails to break above this resistance level, it could test the support at $1 once again. It's important to note that trading decisions should not be made blindly and should be approached with a professional mindset. It's also worth mentioning that the market sentiment could shift from super bearish below $1 to super bullish above $1.96. If you found my content and analysis helpful, please consider liking, sharing, and following me. Your support is greatly appreciated and helps me to continue producing high-quality content for you. Thank you for your support!
Long
by CryptoPatel
5
BTC!! 4H chart🔥🔥 BTC Next target $24k soon 🔥🔥🚀🚀 Bitcoin price analysis is the process of evaluating the historical and current market data of the cryptocurrency in order to predict its future price movements. The primary tool for this analysis is technical analysis, which involves studying charts and market indicators to identify patterns and trends that can be used to forecast future price movements. One of the most popular indicators used in Bitcoin price analysis is the Moving Average (MA). This indicator tracks the average price of the cryptocurrency over a certain period of time, and is used to identify trends in the market. For example, if the 50-day moving average is above the 200-day moving average, it is considered to be a bullish signal, indicating that the price of Bitcoin is likely to increase. Another important indicator is the Relative Strength Index (RSI), which measures the strength of the current price trend. If the RSI is above 70, it is considered to be overbought and may indicate that the price of Bitcoin is likely to decrease. On the other hand, if the RSI is below 30, it is considered to be oversold and may indicate that the price of Bitcoin is likely to increase. In addition to technical analysis, market sentiment also plays a role in Bitcoin price analysis. This refers to the overall sentiment of the market and can be influenced by a variety of factors such as news and announcements, regulatory developments, and economic conditions. Positive sentiment can lead to increased demand for Bitcoin, which can drive up the price, while negative sentiment can lead to decreased demand and a decrease in the price. It's important to note that Bitcoin price analysis is not an exact science, and the price of the cryptocurrency can be highly speculative and unpredictable. It's important to do your own research and understand the risks before making any investment decisions. Additionally, it's important to keep in mind that the cryptocurrency markets are highly volatile and price can fluctuate greatly in a short period of time.
Long
by ANONMOUS20058
DATA OF BTC SHOWS A BREAKDOWN TREND :BACK TO START $9KWe have seen last time BTC stable, as we already did a breakdown of around 75% since the uptrend. depending on trend counting BTC is able to break down to the start point of 9K as the chart shows. Whale data shows last time in high % not a DCA positions trend, and most of the holdings are becoming lower with time, what means this for BTC, and are we going to see a much lower price for BTC coming time? This is an important question and it needs confirmation. At this time there is no uptrend confirmed, as BTC needs first to hit above 18K. IF BTC CAN BREAKDOWN 75% since 69K THEN IT'S NOT A HIGH DIFFERENCE TO BREAKDOWN down MORE TO START POINT of $9K. this may be a mirror effect of previous increases in 2020 as the chart shows. if this effect happened again then its an effect we have seen more times on crypto coins. Are we going to get the free falls, as we did get before There is a possibility that we are going to enter into much more down volume so that new volume will enter BTC. Most of the time when the price of BTC stays for the long term stable, the effect comes in later moments huge. Manage always your risk at these times. This is not trading advice, it's our view for BTC. The words of Warren Buffett f you offered me all the bitcoin in the world for $25, I wouldn’t take it, says Warren Buffett And there is also users that for sure thinking BTC will hit the 100K.. time will learn
Long
by Goldenbreakout
3
BTCUSDHello everyone! Hope you doing well, I closed my Short positions yesturday and currently im waiting for a next #Long move to get liquidity at the upper border, after which the fall will continue, my on-chain metrics at very high values, which signals a short position, I think that when it reaches 17300-17400, the indicators will strongly signal the opening of a short position, after a successful withdrawal of liquidity, we will sink to the bottom. At the moment I opened a Long position with a short stop at 16300
by MMJtop
#btcstarburst Bull Market?If we are at a bottom… and assuming FUD doesn’t creep int to intentionally suppress the market because it does, it always does… The fact is Bitcoin is tied globally to all trading markets so crypto feels the pain when when the S&P hurts… Alright back to it, the green trading above BTC is extremely Bullish… In the middle FUD must be in the air ( pullbacks are happening and stuff, taking profits…) Below the orange Bear market crap show… world trying to get it together great time to Dca into smart Projects not just Crypto… If the halving event timeline proves true we are on course for a macro cup and handle..: This is just a Gann study (3 years now) lines are support and resistance… I don’t really trade I do research… projects of interest. Ones that will change the world…
BITSTAMP:BTCUSD
by Jonnycatx