Buys on BTCUSDThe increase in price since 4th of December looks like a new upside move on the hourly chart.
We now have higher lows and higher highs.
The next target is most likely going to be 56 083$
This is the current resistance from where we had a retracement, however the long term trades should break above it.
Follow us to find out the exact levels that we expect to see price next!
BTC-USD
BTC potential area to break or reject for 2nd chance to exit.If BTC rejects this sloping uptrend then I will exit major positions and go short as this is a 2nd chance to exit.
I'm not confident in the overall BTC market after the recent pump up to ATH, it is due a major retrace to stabilise. This is not the time to enter long positions for good Risk to reward.
In being sensible I am waiting to see how BTC reacts this week, if it rejects from the sloping support I will exit major positions and hold cash in high yield stable coins.
BTC/USD - weekly Analytics + Altcoins 06.12.2021
Investor sentiment has reached a new level of pessimism after a serious drawdown of bitcoin quotes, which indicates a potential low and reversal to growth. At the moment, the first impulse upward movement was formed and correction to this movement is outlined, which increases the chances for medium-term growth from the current levels.
We single out TRON and TFUEL as the most promising coins for the development of a sustainable rising trend. Also the coin Algorand (ALGO) has an increased probability of growth of quotations. (Movements in TFUEL should be monitored for some time to make further trading decisions).
BTCTF: D
BTC is at a crucial level at the this current area. If the current trendlines do not hold some deeper downside will occur. First downside area would be $40k to fill the candle wick from 12/03 & 12/04, if that doesn't hold then price may see $30k again. If price holds above, I think upside movement will occur to around $80k with resistance at $68k.
See my BTC long-term outlook here below.
DeGRAM | BTCUSD short to 53400Bitcoin is in a correction phase. The price left accumulation downward and is trading below a strong level. I think that from the local downward resistance the price may fall to support 53400
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BTC/USD - weekly Analytics + Altcoins 29.11.2021Investors are still wary of the decline in bitcoin, which can positively affect the development of the current upward trend. Technically, a false break from the level of 55.500 was formed and momentum was drawn, which increases the chances of further growth with the goals of overcoming the historical maximum.
We allocate TRON and TFUEL as the most perspective coins for development of a steady growing trend. Also the coin Algorand(ALGO) has an increased probability of growth of quotations.
BTCUSD ⚡ in correction. What will the support have?Bitcoin is in a correction phase, against the backdrop of a falling global market, this is normal. The bearish move is not one day, but there is strong support ahead, like an uptrend. and local. I think that we can see at least a rollback, but also the beginning of price recovery and an upward movement to update tops. While we are watching how the price will behave around the support levels 51300 and 52850
BTC/USD - weekly Analytics + Altcoins 23.11.2021From October 21, 2021 till now, in our opinion, a corrective wave to the major rising impulse formed on September 23, 2021 is forming in bitcoin. A false breakthrough (if the price goes above the 58500 level) will confirm the idea of an ascending movement in the mid-term.
We highlight TRON and TFUEL as the most promising coins for the development of a sustainable rising trend. (at the moment coins are in correctional phase)