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Bitcoindollar

BTC testing weekly resistanceBTC / USDT Bitcoin Price is testing strong (weekly) resistance zone in confluence with strong fibonacci level 0.618 In Weekly and monthly charts are looking more bearish in short term However, in daily time frame .. we have some local Supports like Trendlines in my chart and ma 100 ,,,but we still need to flip 58k-60k resistance zone for a potenial move up to retest of previous ATH or making new high Altcoins Market : we can also see now that alot of altcoins are testing strong resistance (market are connected together so take care) the good news is the dominance of btc is too low in which has less effect on alts than before My advice : 1- trade with caution 2- For new scalping trades, wait for btc move first 3- For sewing trades focus to buy/add in deep Dont forget to like my ideas and and follow for more good calls and analysis
by Babenski
22
Important close for Bitcoin!!Bitcoin has recovered very strongly after our recent correction, even while dominance was falling! We are currently sitting directly on the 0.2 FIB level and our daily close is in a little over an hour, i will be watching closely as if we drop below the 56K level we could see a little downside. We are seeing the EMA ribbons starting to squeeze together, they remain bullish unless we do see some more downside and if we saw the EMAs twist to red on top. If that were to happen we could see a massive swing down, so the EMA ribbons are always important to watch! The zero lag MACD is starting to slope and looking like we could see some bearish momentum, we are still bullish with nice separation between the blue and orange but definitely watch this. We are coming down on the RSI and currently are at the 50. point so this is very very important to keep an eye on if we fully breakthrough the 50. and don't recover quickly we will we a confirmed downtrend, this is possible but we do have lots of room to run up before we are overbought so we will have to wait and see. Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
💡Don't miss the great buy opportunity in BTCUSDjust now Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (55962.75). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 59314.30 TP2= @ 62033.55 TP3= @ 64871.92 TP4= @ 70000.00 TP5= @ 75000.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
10
💡Don't miss the great buy opportunity in BTCUSDjust now Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (55962.75). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 59314.30 TP2= @ 62033.55 TP3= @ 64871.92 TP4= @ 70000.00 TP5= @ 75000.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
17