Bitcoin Retracement Over?BTC has printed a Bull Flag on the Hourly and there are 2 indicators showing confluence at the 30k level:
1. 50% Retracement sits at the 30k zone
2. Bottom Bollinger Band tested at 30k
The bearish scenario is the CME gap at the 25k zone which sits in confluence with the 61.8% Fib level.
If BTC doesn't hold its ground at 30k, we will see 25k very quickly, otherwise a reversal at 30k to the upside will take us to the 40k zone, we are on the fence here...
Bitcoinusdt
Bitcoin sell a break setup.Bitcoin - Intraday - We look to Sell a break of 30034 (stop at 30842)
Pivot support is at 30250.
Daily signals are mildly bullish.
Bias is mildly bearish today but we need to see a break of 30000 to confirm the downward pressure.
Short term MACD is moving lower.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Trades with a bearish descending triangle formation.
Our profit targets will be 27707 and 26484
Resistance: 32000 / 33000 / 34800
Support: 30800 / 30000 / 28000
BTC / USDT : 🚀 Update analysisBuy : 31200$ x10
Target 1 : 32500
Target 2 : 34000
Target 3 : 36000
Stop loss : 30000
The current movement for BTC above critical support at $31.2K
if bulls holding and price rebound again to $38K, in this case, will see BTC breakout probably.
if the Bulls fail to do that and the bears breakdown this support zone we will see $30K as the next level for bears!!
in time like that, you have two option to do:
1-Open long position from support area with tiny stop - loss.
2-Wait for confirmation and trade with market direction.
The current bullish targets above $33K located at
Bitcoin Stand ByWhen BTC is doing that kind of weak moves, i suggest to wait for a Bounce and some confirmations.
Everything is in Graph. BTC have to break the red line trend to start a Bullish move again.
until that i would wait for some confirmations.
Possible Rebuy Zones :
- 31850$ ( EMA200 - H4 TF)
- 30000$ ( EMA50 - D1 TF)
if breakdown those zones, we could get a bearish mod for few weeks.
Happy Tr4Ding !
3 possible ways for the next moments of BITCOINTechnical analysis regarding the price of BITCOIN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price has been respecting this downward trend line that has been formed, as it left falling tops and has been walking in a bearish manner.
The price may touch again and retract in that region, and may rise sharply to break and continue its upward trend.
You can go straight, making the bulls breathe at that moment a little consolidated and, already push the price upwards - in case we see a significant increase in volume close to the trend line -, breaking this region, and soon after, perform a pullback and proceed.
The price may break through this support region at 30k608, pull back and pick up the area below the price, which coincides with Welles Wilder's 400-period Moving Average.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
BITCOIN SHORT TERM MOVEMENT BITCOIN is moving around a range it's stuck between 38k to 32k for few days . If BTC breaks its major 32k support it will come down to its major 25k to 24k support and next 21900 to 20k. But if BTC can stay above 32k it will again retest 40k next 42k resistance and if successfully break this resistance it will move towards 50k. Ranging is good for Altcoin Always. Besides BTC Dominance is going down hope soon Altcoin run will start.
Short on bitcoin - short/mid tremshort/Mid term - short position
Potential 10%
key notes : high risk at the moment
Leverage 3x (optional)
Entry level 35000
TP1 32600 use stop trailing
TP2 30900
SL 37100
raise SL at tp1
BITSTAMP:BTCUSD
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Bitcoin buy a break setup.Bitcoin - Intraday - We look to Buy a break of 39055 (stop at 38345)
Daily signals are bullish.
Pivot resistance is at 42000.
Our outlook is bullish.
A break of 39000 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Expect trading to remain mixed and volatile.
Our profit targets will be 41184 and 41984
Resistance: 39000 / 39800 / 40400
Support: 38000 / 37000 / 36300
BTCUSDT 2nd leg down in progress. Near term levels to watch...Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears.
I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).
BTC Analysis ☆☆☆ Bitcoin ANYLYSIS ☆☆☆
1️⃣ New Resistance 👉 39970&
2️⃣ Previous High R. 👉 41400$
1️⃣ Support Zone 👉 36190$
2️⃣ Support Zone 👉 31510$
Keep Eyes On Yellow Trend Line & Support Zone. If Price Broke This Support We Have A Small Demand Zone Below The Support Zone. In That Case Use Proper Stop-Loss.
BITCOIN is eyeing 30000.00 20% Growth was expected from 25000.00BTCUSD
*********
⏳Daily chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
—————-❇️——————-
Detailed analysis 💬
1️⃣ Bitcoin broke the previous high level-19700.00
2️⃣ Parabolic moves/Curvature support
3️⃣ 4000.00 acted as strong support
4️⃣ 25000.00 Dynamic support and resistance
5️⃣ Strong demand for crypto's (Bitcoin,Ripple,Tether,Etherium etc.,)
6️⃣ 127.20% Fibonacci around 25000.00
7️⃣ Technical support - strong bullish
8️⃣ 30000.00 will acted as key reversal-Bullish
9️⃣ 161.80% 31760.00 Decent upside swing target
🔟 Series of bitcoin halving and rising patterns
#️⃣ Overall trend- bullish
—————-❇️——————-
📉 Technical bias-Day-Bullish
Price is below 50,100,200 Exponential moving average
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected (least chance)
Relative strength index - Reached around 75 - Overbought territory
MACD -Is still green and well above the signal line, Oscillators about to cross
Stochastic - Reached around 85- overbought condition will give a short term fall back expected
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Key reversal area's
25000.00 psychological level
617.00 Point of control area Volume analysis(least chance to reach)
19700.00 Previous time high
10600.00 50% Fibonacci retracement level
30000.00 Major resistance level
25000.00 Possible entry- Bullish
30000.00 Reversal area/Key psychological level/Key turn level
—————-✳️——————-
Bullish entry #bitcoin #btcusd
Entry price - 25000.00
Take profit 01 - 27500.00
Take profit 02 - 30000.00
🚫 Stop lose 24000.00
⬆️ 20.00% Growth expected
⤴️ Account growth 4: 20
✅ Risk reward ratio 1 : 5
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Where will the bitcoin price go? There will be price impuls <BTCHello dear friends.
I decided to write to you right away and congratulate everyone by taking the first take-profit. (910 points / $ in our wallet)
Stop loss - I set it to breakeven.
Now for the warning - look carefully beyond these boundaries of the triangle.
Watch the levels from the previous trading idea.
(I described everything to you)
And also beyond the price range of margin trading on Bitcoin (the price moves 2950 points and takes stop losses from traders)
If the price makes a return and closes my short position, tomorrow I will be looking for an entry point to the position, so be attentive - the chart will show you the way.
BITCOIN technical price projection - for the next moments
• Technical analysis regarding the price of BITCOIN for the next scenarios, based on daily movement.
• The price of bitcoin is correcting and with it, falling. There may be the graphic formation of a Shoulder-Head-Shoulder, with the price correction keeping falling, obeying the red line A~C and/or there being the price correction until support and return with its predominant upward trend, which we can see on the yellow lines of the Elliott A~E waves.
disclaimer
This is not a recommendation to purchase and/or sale. It is for educational purposes only