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Brief Short Of Bitcoin [SHORT] Bitcoin price struggled to recover above the $46,000 resistance against the US Dollar . BTC could continue lower below the $44,200 support zone in the near term. Bitcoin is facing a major resistance near the $45,500 and $46,000 levels. The price is now trading below $45,000 and the 100 hourly simple moving average . There is a major bearish trend line forming with resistance near $45,500 on the hourly chart of the BTC /USD pair (data feed from Kraken). The pair could accelerate further lower if there is a clear break below the $44,200 level. Bitcoin price traded as low as $44,258 before it attempted an upside correction. BTC managed to recover above the $45,000 resistance level . There was a break above the 50% Fib retracement level of the recent decline from the $47,200 swing high to $44,258 low. The price even spiked above the $45,500 resistance zone , but upsides were limited. Bitcoin failed to surpass the $46,000 resistance zone . There is also a major bearish trend line forming with resistance near $45,500 on the hourly chart of the BTC /USD pair. It seems like the pair struggled to clear the trend line and topped just below the 61.8% Fib retracement level of the recent decline from the $47,200 swing high to $44,258 low. Bitcoin failed to surpass the $46,000 resistance zone . There is also a major bearish trend line forming with resistance near $45,500 on the hourly chart of the BTC /USD pair. It seems like the pair struggled to clear the trend line and topped just below the 61.8% Fib retracement level of the recent decline from the $47,200 swing high to $44,258 low. It is now trading below $45,000 and the 100 hourly simple moving average . On the upside, an immediate resistance is near the $45,000 level. The first key resistance is near the $45,500 level and the trend line . If bitcoin clears the $45,200 and $45,500 resistance levels, it could attempt more gains above the $46,000 level. If bitcoin fails to climb above the $45,200 and $45,500 resistance levels, it could extend its decline. An initial support on the downside is near the $44,250 level. The first major support is now near the $44,000 zone. The next key support is now near the $43,800 level. If there is a clear break below $43,800, the price could dive towards the $40,000 support zone . An intermediate support sits near the $42,000 level. Hourly MACD – The MACD is gaining pace in the bearish zone. Hourly RSI ( Relative Strength Index ) – The RSI for BTC /USD is now below the 40 level. Major Support Levels – $44,200, followed by $43,800. Major Resistance Levels – $45,200, $45,500 and $46,000.
BITSTAMP:BTCUSDShort
by Henrywaters
BITCOIN- Updated Small Chart 🔍🤓Our updated small chart shows more support than resistance and given that ''no news is good news'' continues, Bitcoin is 60% likrly to rise to next resistance at 57k than at support of 39k. Bitcoin dominance chart is coming close to mild support and that will also be an interesting chart to look at. When it comes to altcoins, Solana has had a great run to all time highs. Combine that to Cardano launching smart contracts and Ethereum attracting more and more interest (including Microsoft now) and the mix is competition ! Let them compete, let them inovate, let them change the world and we will be part of it. Yet nobody competes with Bitcoin no matter how hard speculators are trying. It's just not going to happen. ps. While discussing gold as a hedge with a friend today we ended up googling 'Quotes Gold' . Here are two of those quotes on gold: - If you like gold, there are many reasons you should like Bitcoin. (Cameron Winklevoss) - I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. (Max Keiser) All the way up, keep calm, One Love, the FXPROFESSOR
Long
by FX_Professor
6
BCH - What happens next? Hi, this is my new update for BCH. In the last 3 weeks BCH has risen around 70%, but now we have broken the resistance 650$, SMA100 and SMA200. If we close todays candle above 650$, then we are good to go and the next target is 710-720$. We have 3 resistances between 720-840$, but once we break all of them, then we have a big gap to fill it up between 860-1050$ (Easy gains). Compared to the total market cap, BCH must be around 900$, but unfortunately BCH is always lagging behind. So be patient and don't panic ;)
BITSTAMP:BCHUSDLong
by GOAT1375
2
BCHUSDT🌟why is the entry point lower than the current price? the answer is there is a pattern forming which makes the chart lose some value and correct itself so that's our golden point of entry point to enter in lower prices 🌟can BCH be as successful as BTC ? at the time being not yet although all the blockchains are the same but there is more effort and more focus in BTC but as an alternative plan in long term this alt can shine more than you think of or your imagination 🌟why investing BCH rather than BTC ? we never told that a portion of your bag is always the BTC which moves the market but if you have some in BCH you can participate in getting profit while the BTC dominance is lowering time to time from alts 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
Long
by the-crypto-analyzer
48K is set as the next target!Hi guys, Another analysis on Bitcoin. Market is Emotional and High oscillation therefore yesterday analysis on BTC touched mentioned target too soon. Current trend is bullish There is no word on this! But price can not go higher without pullbacks and corrections. My expected path for Bitcoin is visible on the chart. A weakness must be seen around 43800-44000, This is PRZ zone which I expect a reverse and pullback up to 40700-41500 area. After that You can see 48000$ Bitcoin! Important Indicators shows a possibility of pullback RSI = 71.5 = Over bought = Potential reverse EMAs = Price has come a long way from them = Potential reverse STOCHASTIC = Over bought = Potential reverse See related analysis GOOD LUCK
Long
by TahaZargar
7
Bitcoin Cash (BCH) - July 31Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BCHUSD 1W Chart) If the price holds above the 517.20 point, we expect the uptrend to continue. (1D chart) We need to hold the price above the 517.20 point to see if it can turn into an uptrend. We need to see if we can continue the uptrend by moving above the critical section of 624.90-702.98. If it falls in the 435.70-517.20 section, it is possible to enter the mid- to long-term investment area, so careful trading is required. -------------------------------------- (BCHBTC 1W chart) We will have to see if we can turn to an uptrend by moving up towards the critical interval of 0.024438-0.034064. (1D chart) We will have to see if we can find support by moving up towards the 0.014655-0.016063 zone. If the price holds above the 0.016063 point, we expect it to turn into an uptrend and move higher. Since the 0.014655 point is a section with a high probability of entering the mid- to long-term investment area, careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto
1
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BCH is sitting around strong support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: BCH is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple) Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BCHUSDLong
by TheSignalyst
24