BTC/USDT (Start of Consolidation)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin dump -20% from the high and filled the short-term CME gap
-We have now potential trading for the next few days
-Our important support is at 30.4k dollars
-This area must hold and form a base of support
-To continue a strong uptrend if the Bulls wants rally higher
-I'm expecting consolidation and hope for Altcoin to recover fast
-I will update once I see more sign of strength
-For now, Bitcoin is still safe at the time of writing
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Blxusd
BTC/USD (Bullish Weekly Candle?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-The candle is about to close in 4 hours
-This will be its highest weekly candle above ATH
-Can we get a retest back to 20k dollars previous resistance?
-I don't know but many traders are waiting in the sideline
-It is a really interesting 1st quarter in 2021 for Bitcoin
-A confirmation of the Bull market has given a lot of opportunities
-If you are looking for long term potential entries
-Make sure to plot key levels of interest
-And look at the weekly and monthly timeframes only
-To reduce the market noise and analyze the potential bigger trend
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BTC/USD (Bullish or Bearish Small Triangle?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Temporary top is found for Bitcoin today around 23.3k dollars
-Also, local support is being established above 50ma in 1 hour time period
-Bitcoin might be forming a small triangle, potentially descending?
-The support area is only tested twice, will it bounce again for the 3rd test?
-Or it will finally break the trendline resistance above?
-We will see the answer within 24 hours
-So please be ready and follow your trading plan as always
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BTC/USD (Testing Midterm Trendline Resistance)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin is now testing its mid-term trendline resistance
-Plus this zone is a confluence of Fib ext 1.618 level
-I'm not saying BTC will drop now but only looking at a possible profit-taking zone
-Bitcoin All-Time High is all over the internet news
-Extreme FOMO can easily pierce through this level of interest
-Let us see if there will be a price reaction at this level
-If no sign of weakness, I think it can overcome the 24k dollars and above
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BTC/USD (New ATH > New Price Discovery?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-New All-Time High for Bitcoin today with strong volume
-Many short position orders has been liquidated or stopped out
-After breaking its recent top around 19.9k dollars
-Since this is a new high, potential price discovery will happen
-I have used the Fib reverse extension to potentially see the next minor resistance
-Currently, BTC touches the 1.414 Fib resistance area up to the 1.618 level
-FOMO might enter the market really soon so I don't recommend buying at market price
-If you are looking for a buying opportunity, it is not today
-Please wait for a proper market structure with a good to risk: reward ratio
-Do not follow the crowd, plan your trade and execute properly
-Congrats again for hitting new ATH, BTC has been extremely strong up to date
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BTC/USD (Flat Resistance Area?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin is back at its previous resistance zone around 19.6k dollars
-We can see this area is a flat rejection point or Ascending Triangle pattern
-Make or break for Bitcoin otherwise it will drop back to the trendline support
-And things might not go well once back in the bearish territory
-So please always prepare for both scenarios
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BTC/USD (Found Support?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin did a good job finding support at 0.618 Fib level
-It is now trading above the 0.5 Fib of a potential new bigger box
-If BTC can maintain within this bullish zone in the next few weeks
-The probabilities of another move higher will increase
-For now, the Bulls are still alive in the short term
-No major red flag yet, we will wait for further development
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BITCOIN GOES WHERE IT PLEASES2021 AND BEYOND...JUST A REMINDER FOR ALL OF THOSE BETTING THEIR HOUSE AND ENTIRE SAVINGS ON BITCOIN...NOTHING IS 100% AND I DARESAY ANYTHING CAN HAPPEN AT THIS MOMENT. IN FACT IT IS LIKELY IT WILL DO THE OPPOSITE OF THE HERD.
BITCOIN IS JUST A CRYPTOCURRENCY RIGHT NOW, NO GOVERNMENT ADOPTION NOT USED AS A CURRENCY YET OTHER THAN FOR SPECULATIONS AND GET RICH QUICK SCHEMES. HOWEVER THERE IS LARGE NUMBER OF RICH FOLKS BUYING IT OR THATS WHAT I HEARD ATLEAST I HAVENT SEEN ANY PROOF.
THERE IS POSSIBLITY TO BREAK 20K AND TRIGGER ULTIMATE FOMO AND RALLY TO 21-26K AND THEN BIG DUMP AFTERWARDS...JUST A THEORY.
BTC/USD (New All-Time High?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin hits an All-Time High today after breaking its recent top
-It is not a strong breakout given the fact it is already a 22% increase from swing support
-We have local support of around 18.9k-18.6k dollars
-This is not a key level but a good area if BTC can hold for the next few days
-My only advice is not to FOMO and even short the market
-Because there is no sign of weakness and buying strength is extremely high
-This is not a buying opportunity either
-I'm talking about a swing trading idea (Not scalp or long term)
-Please wait at a good area for potential rebuy
-Provided there is reversal sign
-Or if looking for a counter-trend, wait for a proper break of support
-Before opening a sell position
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BTC/USD (Next Target 20k Dollars?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-BTC still respecting the 50ma dynamic support area on the 4H time period
-This is Bullish and confirms a strong uptrend movement
-New Higher High is set again above 19k dollars
-If Bitcoin can sustain above previous resistance for the next 24-48 hours
-The next potential upside target is 20k dollars or the new All-Time High
-Things are getting really interesting
-We might experience an extreme FOMO if 20k broken upwards
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BTC/USD (4H TF 50ma Dynamic Support Bounce up?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-My previous idea on the 1H time period has failed for Bitcoin
-We zoom out to the 4H time frame to look for dynamic areas or key support
-We can see BTC respected the 50ma 4H dynamic support at least 4 times
-If history will repeat itself, Bitcoin might do the same action
-This idea will not work 100% all the time
-So please make sure you have a proper stop loss location
-If in case Bitcoin decided to break the 50ma zone
-Take note also of the middle Fib resistance 0.5
-This level must be broken upward if the Bulls wants to continue higher
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BTC/USD (17.3k Dollars: Strong Support?)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Buyers are aggressively bought the dip for the 3rd time
-We can see a Bullish rejection candle at a 17.3k dollar area
-BTC manages to get above the 0.5 Fib level which is a good sign of strength
-I'm expecting Bitcoin to consolidate in the next 24-48 hours
-If we want BTC to continue higher, it must not go below 17.6k to paint a strong consolidation
-But always be careful and have a stop loss in place in case of unexpected movement
-Let us see if the Altcoin market can recover a little during this minor sideways trading
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BTC/USDT (17k Dollars Next Target?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin found support at previous resistance on the 2nd retest
-The price confirmed support and may go higher up to reverse Fib resistance 2.0
-Using the reverse Fib extension during the 1st consolidation range around 15k dollars
-We can say the 17k dollar range is the next strong resistance area
-I don't recommend shorting Bitcoin even at the resistance level
-Without any signs of weakness because the price can go higher as the Buyers are in control
-Not a good time to buy as well because the risk to reward ratio is not good
-You don't have a proper stop loss location if you will go to Long
-I suggest waiting for a proper market structure before planing your next trade (Long or Short)
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BTC/USD (Retesting Previous Resistance)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin is likely forming a small triangle near a 16k area
-Currently, it is trading above the previous resistance zone last November 6-9 trading
-We can see the 50ma 4hr dynamic support is approaching the price
-This will help BTC to consolidate in the short term
-The market trend is up so priority trade is Buy
-Soon we will have a breakout direction
-let's hope the Altcoin market will have time to recover
-During Bitcoin sideways movement in the coming few days
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BTC/USD (Pullback to Previous Resistance)💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-After the recent breakout above 16k dollars
-Bitcoin found strong resistance at the 16.5k zone
-The price is now pulling back to previous resistance
-This is a good pullback area if BTC can flip to new support
-It is also crucial for Bitcoin because this will decide its next move
-If you are taking this pullback opportunity to rebuy
-Please make sure you have a proper stop loss location
-In case the market decided to go lower and invalidating the Bullish bias
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BTC/USDT (Holding 16k Dollars)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin broke its local resistance area at 15.8k dollars
-The price is now trading above 16k dollars
-This is a good sign in the short term
-If the Bulls can maintain above resistance for the next few hours
-There is a chance of another rally up to 17k dollars
-Be cautious if you are buying at market price
-Always have a stop loss in case of a strong downside correction
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