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Bitcoindollar

BITCOIN ANALYSIS My analysis on btcUsd 30-minute chart Shows a potential corrective structure since we recognize an A-B-C structure that forms the first leg of double zig zag correction wave(w) and another A-B-C structure that makes up the last leg of the double combo. Also, there is a descending parallel channel supporting the corrective strucre, I expect the corrective wave should terminate any time soon and then wait for a bullish confirmation signal to prepare for the next bullish move.
BITFINEX:BTCUSDShort
by ABDOLLAR_FX
BITCOIN- 57K Before the End of the MonthOur updated chart for you all. Price is still in the channel. The middle of the channel did manage to Hold as support and the price has now risen above the mid of the channel and the crucial 46580 support level (yellow) The Bears must be scared or even start to have animal orientation issues, some of the might be looking in the mirror trying to see a bull... 'Oh mama , why did you make me a bear?' Don't laugh at the bears especially with SEC and Yellen and Powel saying they will be back to regulate cryptos. Look at the 'red part of the chart', the 45600. That would be the point that would scare some Bulls and give Bears a chance to regroup and try to have a party. The 50k (50,000) is a well rounded PSYCHOLOGICAL resistance and these resistances are tricky as some Big Whales give no attention to the chart but they have these numbers in mind. 'I will sell some at 50,000'.... This kind of thinking After that it's 57,500 resistance which has been the level we had given earlier. Volume: Please stop asking me about divergences, I get like a million questions, Professor don't you see the divergence, Professor look at volume , Professor check the RSI , Professor why don't you look at the order books (like I would ever trust to look at Binance order book! hahahaha). You guys go 'look' at the divergences on Nasdaq that they been there for 7 years but the price still goes up.. Come on people, stop overthinking, try to keep it simple. So here we go with volume: I see NO SPIKE between the 10th of August and now. Yet the price of Bitcoin is rising. Voila! Maybe all we need is one nice green spike to stop crawling but rather to just FLY over 57k before the end of the month. Let's go! One Love, the FXPROFESSOR
Long
by FX_Professor
7
BITCOIN: Swing Low PumpIf I have learned something in my +5 years trading crypto is that BTCUSDT can pump any time and anywhere. We had a few strong PUMPS after periods of downtrend in this recent bull market. I'm opening a long position right here, we might get a PUMP similar to the last one. In the thicker lines, we can see the Weekly Support and resistance, and in the dotted line the 1HR support. Volume seems to be picking up steam, so we might get a proper PUMP. While the Ichimoku cloud is quite bearish as it's above us and has already shown a Kumo twist, we have bullish clouds on the 4HR and weekly, with a possible support cloud in the Daily. Based on all this, I'm going long with a pretty close Stop and a trailing stop. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO SUCCESSFUL TRADING.
Long
by CryptoEstratega
BTC Sell the downtrend line.Bitcoin - Intraday - We look to Sell at 45174 (stop at 46104) Trend line resistance is located at 45200. Daily signals for sentiment are at overbought extremes. A lower correction is expected. 20 4hour EMA is at 45270. 50 4hour EMA is at 45350. We look for a temporary move higher. A break of 43800 is needed to confirm follow through negative momentum. Our profit targets will be 42618 and 42118 Resistance: 45500 / 46000 / 46800 Support: 43800 / 43000 / 42200
BITSTAMP:BTCUSDShort
by Signal_Centre1
1
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
Bitcoins Path to $250K and Other StuffUsing the current peak as .618 we receive 250k as the fib extension This aligns very nicely with the parabola / curve formed On the other BLX chart we can see the angle becoming more obtuse for the curve as time passes and within the previous cycles This may be indicative of BTC becoming more stable as it is ushered to the masses and properly adopted It is not indicative of being "ahead of the curve" although, which I will leave up to you to decide what you believe that is. For me it's Ethereum, lets go.
BNC:BLX
by Bixley
4