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BTC : A Scenario We DON'T WANT To See ⛔Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Bitcoin is consolidating under resistance zone of $29k - $30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under $25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around $19k. I'm labelling this post as a "long" or bullish, because until we actually drop under $25K, I remain of the opinion that we've stared a new bullish cycle. While you're here 👀 Check out this update on XLM which recently increased nearly 60% : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
40
Bitcoin setting up for a new continuation?Today’s focus Bitcoin Pattern Trend Continuation Possible targets 31,000 – 31,700 – 32,000 Resistance 30,500 Indicator support – EMA solid up slope CCI close a to 0 bounce After a solid pullback to start the week, buyers charged back into Bitcoin on Tuesday, pulling back all of that session's losses. It was a solid move that kicked into gear once sellers broke 30,000 to the downside. Despite the bullish push, buyers where once again stopped at the 30,500 area. Today sellers remain in control, but we are wondering if they can regain control and make a new push at resistance. A test and break could set up a new trend continuation trigger, and we would like to see this year's high and above tested if that happens. The EMA continues to support the trend with a solid slope upwards, and the CCI came close to testing the 0 line. We would like to see the CCI move back into the oversold with a new move higher, but price is the prime focus in confirming the move. If price moves back below 30,000 today or tomorrow, this would be a worry, and it could show buyer momentum might not be that strong. We would prefer to see yesterday’s high broken today. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSDLong
by Eightcap
Bitcoin BTC Price Prediction: Fear and Greed + InstitutionsThe world of Bitcoin is a high-stakes game, with fear and greed levels running rampant. Retail investors are finding themselves caught in the crossfire as institutions try to extract profits from the market. To navigate this turbulent landscape, it's important to closely monitor the charts and brace yourself for significant movements in both directions. Careful placement of stop losses is essential, as sudden spikes or drops are likely to occur. It's important to approach trading with a long-term perspective, as there will be a great deal of volatility in the short term. As cycles become shorter and candles become longer, it's crucial to stay alert and adaptable in order to make the most of this dynamic market. Good luck, traders!
by SharkNumbers
Trading updateHello everyone, In this update i talk about how i missed the opportunity to long BTC but also talk about another opportunity in Doge and why i have been buying since nov last year. I know that people think Doge is worthless but imagine if Elon starts accepting payments in doge for blue check marks. That will prop up doge really hard. Overall the market looks optimistic and i think there is slight room to go more higher especially given the month of April. Usually it is the strongest month for stocks and it wouldnt surprise me to see it rally aggresively. So for now we practice patience and wait for price to tell us where it goes. I hope you enjoy the update and let me know in the comments your thouhgts Cheers
COINBASE:BTCUSD
by Inorogu
Bitcoin holds breakout and retakes 30KBitcoin is back above 30K in today's session extending yesterday's breakout. Hard to look past Bitcoin today as buyers hit 30K, a price level not seen since June 2022. The move started yesterday as Bitcoin buyers broke above 28,600 resistance, and the move was held at the close, which is a great sign as it's the first set in confirming the move. Today buyers jumped back into gear, breaking yesterday's high and moving back into the 30K Handel. In under two days, just over 7% of value has been added to its price. The breakout looks to have confirmed an ascending triangle pattern, and these are quite common continuation patterns seen in up trends, so it's a good sign to see this as it could suggest that the current uptrend has further to run. If we do see further upside, we will be looking at 31,800 as a possible level of resistance. If we do see a new reaction lower in the short term, we would like to see the breakout point become support which is a sign of buyer strength. US CPI is due tomorrow, if we did see a surprise jump to the upside in US inflation, this could impact Bitcoin on the short term, but we hope that it would only be minor as Bitcoin has been running its own race so far this week ignoring yesterdays rally on the USD. Good trading.
EIGHTCAP:BTCUSDLong
by Eightcap