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Bitcointrading

BTC/USD Bullish FlagBitcoin is forming a possible bullish flag on the daily chart. MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down. Weekly MACD is negative and RSI is neutral. Keep that in mind. Greater trend looks a little bit more bearish than bullish. FED Meeting is in 44 hours. I wouldn't do anything too risky just before a FED meeting. What do you think? Comments will be appreciated.
BITSTAMP:BTCUSD
by AttilaTurkei
BTCUSD: Double buy entry plan. Bottom is close.BTCUSD is technically on red indicators on the 1D time frame (RSI = 41.679, MACD = -426.400, ADX = 31.022) as it is inside a Channel Down pattern since April 14th and under the 1D MA50 since May 7th, but is near the HL trend line that is supporting throughout 2023. There are high chances of holding this trend line so our strategy involves placing the first buy now and the second on the 1D MA200 in case the HL line breaks. The medium term target is the R1 (TP = 32,000). Observe how the price action of the last month is much alike (also on the RSI) with that of December 2022, both under the 1D MA50. This bolsters the probabilities for a rebound. Additional validation will come after the RSI crosses over the LH trend line. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2
BITCOIN needs to see 23k and 25k for future gain ❌🧨📖Hello 🐋 based on the chart, the price again become close to the channel support and this time there is possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖💡 and brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view ❌🧨 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
18
BITCOIN, Green Or Red path?The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom. But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve. In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
INDEX:BTCUSD
by Rezaei0013
1
BITCOIN breakdown IMPORTANT levelsAs you can see, Bitcoin price has been traded in consolidation for quite some time. Im using fib channel to ilustrate that picture, im not usualy using it to trade. The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish. But as long as we are in that channel the long swing or short swing positions will be liquidated due to a price fluctuation, and thats why im taking short term trades as long as we are in this consolidation. Now adding Volume profile to this picture, we can see that there is not much strenght for the bulls to turn things around. They where defended the Value area twice, the big yellow pocket on the chart where there is a low volume to none, suggesting that if price breakdown to that level it will soar to 25k. The next defence was now, bouncing of the middle fib channel, liqudating the short positions who where aiming for the 25k. Thats why only the short term trades are in place. Next for the bull enthusiast, every time the price goes up, the sellers driving the price down even more to collect their stops and liquidity. As you can see the price tested 3 times the top upper channel, failing to breakthrough, making lower highs for days. As long as we are in the channel and having lower lows for me that is a bearish sentiment. Logically speaking, the price will aim to touch the lower channel for the third time, where is a big point of control sitting with big volume on that level which is 25k. Now that wont happen, until price closes below middle level in the channel, suggesting the bearish sentiment. Now this level is a dangerous because this level is with low volume, and very close to that breaking point on yellow pocket with basicaly no volume at all. This is a psychological level, where bulls are aware that if they lose that level the price will tank down, thats why we have those two big wicks on that level. Now if the price happen to close bellow the middle fib channel, and start to consolidate a little, gathering strenght for some continuation pattern, we will see the big move on 25k. 25k is the very strong buy zone, even if it breaks down a little, everyone will be jumping in, to buy for even lower price, where we could see a potential reversal for maybe a little longer uptrend, but even then we are far away from the bullrun.
by MarkoMarisavljevic
Bitcoin: Could we see a new push down to support?Today's focus: Bitcoin Pattern – LH, leg lower. Possible targets – 26,330 Support – 26,330 Resistance – 27,890 Today’s update is on Bitcoin as sellers have started making a solid move against the leg higher we have seen recently. Overall today, money has been moving out of risk currencies and into safe havens. This includes crypto, which has been treated as a hedge in recent history. Did we see a new LH set up this week, and will today’s resistance hold after that sign set up a new move back to support? If buyers can get back control, we may still see the leg higher live, but for now, we are watching if selling is going to accelerate. We feel a hold above 27,000 is a key for buyers, and a move back to or through 26,330 support will be a win for sellers. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSDShort
by Eightcap
7
Bitcoin's Potential Short-term WeaknessBitcoin may have found its bottom at the $15,570 level. If this assessment holds true, it's possible that an impulsive leg upwards has completed the five-wave sequence characteristic of a bullish trend, indicating the first leg of this upward move. Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs of this pattern appear to be nearing completion, and I will be closely watching for signs of the Y leg's formation. This development could potentially propel Bitcoin to reach at least the $23,000 mark before embarking on another upward leg.
COINBASE:BTCUSDShort
by SlowMobius12
Bitcoin expected minor correction in 4HHere´s my simplified visual idea for Bitcoin´s next move which seems to be a minor correction. The price scored 3 in a row: 1) Filled the volumen gap; 2) Reached EMA 200; and 3) Reached the inverted wedge´s top. What´s next? Tough to say, loos so impredictible lately! However, it would be rational to see the price make a minor ABC correction retesting May 12, 2022´s low (shown in the chart, in red dotted line). But... is Bitcoin rational? Have a great weekend. ;)
Short
by Ivanbole71
Bitcoin is Creating Lower Highs but the Lows are Equal 🕵️Bitcoin is rejecting Higher Prices and creating Lower Highs. BTC is simultaneously holding a flat support level at 26,600 4Hr level as we can observe here. Price is squeezing downwards but the bottom is remaining flat at our 26,600 4Hr level. Soon this pressure may burst up or down and I'd bet on more downside. This Price action/Multi-timeframe analysis details a bearish market. Bearish Market Structure has Lower Lows and Lower Highs. Bullish market Strucutre has Higher Highs and Higher Lows. The Weekly timeframe is printing multiple bear candles. We are also creating back to back descending wicks on the Daily timeframe. This denotes a market that is in momentum. Looking for lower prices here. Will Update. Safe Trading.
COINBASE:BTCUSDShort
by ShrewdCatfx
BTCUSD entering range?We have seen some very interesting price action from B TC recently with a returning surge to the 30k handle. Price has also broken long term down trend but is showing signs of being range bound until the next heavy impact news or data. - Price breaks long term down trend to lows of 15k - Return to 30k handle and test of resistance - range bound price action on the higher time frames Plan - Hold for better entry at lower prices or at support levels around 24k - Look for reversal patterns and role reversals into up momentum - lower time frames - Watch for break of resistance and Higher Low on the 30k handle for best entry prices Feel free to drop a comment with your views on this market!
COINBASE:BTCUSD
by Youza
BTC Trading Signal: Target 40000 BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance. If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high. The long-term goal is still at 40,000! Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
Long
by EagleEyeStrategy
2