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Bitcointrading

Bitcoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a rising channel. The chart shows a variety of signals with potential for upward movement around the resistance areas at the center of the Keltner Channel (KC) which is in confluence with the Ichimoku Cloud resistance and Fib levels as noted in the chart. A major concern is Volume is weak. More notes inside the chart. Also Included: Fibonacci Retracement, RSI, MFI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
2
BTC Analysis- Early August I am a beginner trader using a demo account so please take this with a huge grain of salt, and feel free to offer corrections. ***I am a beginner and this is my first post*** I'm predicting continuation of this local downward trend, then some kind of action nearing the area around 21700-21600ish (as this is a previous point of resistance for the first two waves in the channel). The downward trend should continue into the weekend. I think it's safe to take various short positions until we near closer and closer to that previous resistance area (indicated with a horizontal green line). We seem to have already broken the mid-line of the channel. Long term (into September, rest of fall) I'm thinking that BTC will turn back to a bearish market. I'll look at making a writeup on a longer time frame for this. Until the channel is broken in the downward direction, I'll assume that overall we are in an uptrend, and plan for trades strictly within the channel.
Short
by fluffystat
1
Bitcoin (BTC) formed bullish Shark for upto 19.50% moveHi friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC) On a daily time frame, Bitcoin has formed a bullish Shark pattern. Buy between: $21153 to $20183 Sell between: $22104 to $24135 Stop loss: Below: $20183 Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 19.50%, and a loss possibility upto 5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BITSTAMP:BTCUSDLong
by moon333
BTC going down to $19200 in seven days! It appears that rising wedge pattern is appearing on BTC daily chart and there are highly chance that we can see some decline in immediate future; probably early next week! If the pattern breaks out and BTC start declining I assume first target will be $21800 where we can see some sideways movement. If BTC will break down this level and start falling down, it can go up to $19200. Another possible scenario here is BTC will touch bottom support line and start going up to touch upper resistance line. If this scenario will playout, it can reach to $25900-$26000 in a week or so. What do you think that what will happen? BTC will go down to $19200 in next week or two?
COINBASE:BTCUSD
by bhojanijayvadan
4
Bitcoin buyers made the hold, but will we see a rally?Hi, and welcome to Wednesday’s update. Today we have seen a few of the top ten crypto coins trying to get some buyer momentum going. Today’s video is on Bitcoin but also check out the ETH on its daily chart for another example. Bitcoin on the 4H made a support hold overnight, and we take that as a positive for buyers. So far today, buyers have continued to push off 23,780 support. We are keeping an eye on 24,033 resistance/supply as price continues to struggle to break this area. If we see a break, and we hope to. We would then be looking at 24,277. If buyers can’t get this rally going and we see a new push lower by sellers, beware of the support level, as a break of that level could also start to bring into play the wedge pattern seen on the daily timeframe. (covered in the video update) It’s a real test at the moment to see if buyers can get a rally going breaking the current supply and setting up a new move that could reach 24,890 again We hope you enjoyed today’s update, and please feel free to send us your thoughts on bitcoins price action at the moment. Otherwise, enjoy your Wednesday and good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Bitcoin BTC: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a rising channel. The chart shows a variety of signals with potential for upward movement around the resistance areas at the top of the Keltner Channel (KC). A major concern is Volume dropping off. Also Included: RSI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
1
BTC LATE SHORTERS ON HIT LISTBTC is in the process of a mini bear cycle rally to squeeze late shorts, don't be fooled to think its a return-to-normal. 28k is the likely area of interest to wipe the shorts out, 30k will more than likely remain untouched - too much liquidity will be needed to break past again whilst in a bear market. Long entry $22'700-23k TP 1 -> 26k TP 2 -> 28k TP 3 -> 29k Keep SL tight 22'400 As 21.8-21.6k is also a consideration for liquidity on the next upward push, but is not likely seeing how momentum is holding. Also to truly lure in longs we would see strong supports (higher than expected) when coming to an exit pump. Late August/September are historically heavy red months and these look like no exception. Trade wise and manage risk accordingly.
Long
by Drecrypto96
BITCOIN: STILL UNDER PRESSURE.Hello traders, I hope you guys are enjoying your weekend. Here's a quick update on BTC in a lower timeframe. Timeframe: 6 hours. Update: In my previous daily TF update, I mentioned $23150 as a slight resistance that BTC has already crossed and so far it is still above it. Current scenario: In this 6-hour TF, BTC has not yet broken above the resistance trendline. It showed some small fakeout but the daily close dropped the price inside the trendline. According to this chart, a bullish rally towards $28k won't get approved unless BTC breaks and closes above the trendline. Until then, the chances of breaking down still continue. Key level: $24k resistance level. Conclusion: To continue a bullish rally BTC must stay above the $23k level after the weekly close. Let me know what you guys think about the market. I would like to know your opinion. Thank you and have a great hour ahead.
COINBASE:BTCUSD
by Dexter_The_Trader
10
BTC Bitcoin: Upcoming Days ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a rising channel and headed down. The chart shows a variety of signals with downward potential. The Ichimoku Cloud resistance is very strong as well as the recent bearish cross of the Stoch RSI. MACD is about to have a cross which will be worth checking out. RSI is also approaching a multi-month support line. Fibonacci retracement shows possible price coming down to 0.236 level which is also the channel bottom and where the Keltner Channel (KC) bottom is. A major concern is Volume dropping off. Lastly VPVR shows under $20K is much less trading activity so price could fall quickly to $17K-$18K if it goes below $20K. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
1
BTCUSD (HIGH PROBABILITY SELL SETUP SOON)Hello traders, hope you all are having a good weekend, Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%. Here we can see the clear Divergence on the RSI Indicator from the actual price action on the chart, baring in mind we're using H1 time frame for a clearer view of our analysis, hence we can't predict the duration of the market moves, Keep a close eye on BITCOIN world's no1 cryptocurrency, Happy PIP hunting traders.
COINBASE:BTCUSDShort
by FX-PIPHUNTER
6