BTCUSD Facing bearish pressure | 2 Sept 2021BTCUSD pushed higher and is now testing major swing high resistance. A short term pullback below our entry at 50491 towards our take profit level at 48027 could be possible. Stochastic is testing resistance where price dropped lower in the past as well
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BTC-USD
BTC Long-termTF: W
I think BTC price action could play out in a few different scenarios over the longer timeframe (1-2 years) outlook.
Scenario 1: BTC is currently approaching a broken level of support around $44,500, this also aligns with the 1.382 extension from the move from $~20k to~$3.1k correction. If this rejection occurs and acts like a ceiling and holds below these current levels, then I think price could visit the ~$17k to ~$21k before pushing it up to 2.0 extension. If price breaks out at that level, then I think price could move to the 2.382 or higher to test the trend line.
Scenario 2: BTC breaks out and breaks through the ATH and holds above (dashed line). I think price could move to the 2.382 extension levels.
Wait for confirmation signals and trading opportunities with BTCH1 time frame.
The price has consecutive low highs and lows confirming the downtrend.
However, the price is still holding firmly in the sideway from 46400 to 49400.
The 46400 price area is critical support. Here, waiting for a bullish signal again, price can move towards the target of 49400.
In case the falling price breaks this support level, it is necessary to wait for more confirmation that there is a mid-term downtrend.
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Wish you all have a good trading day!
Buy BTCUSDThis is my last buy for BTC if this pushes down $46500, it's going to fall hard.
Pay attention to important levels like 50K that everyone is talking about, My projection is that It'll pass the 50K and then continue to 75K.
I'll keep this trade active until the very end... my trading style is very technical as some have noticed, but when it comes to Bitcoin we have to look at fundamentals especially rumors, I buy the rumor and they match with the way I trade.
Something big feels like it's going to come, but I think that's just my paranoid self lol
lmk if yáll have question or feedback.
I don't mind being wrong and I highly appreciate it.
don't use more than 3% per trade, have money to trade another day.
BTC/USD - weekly Analytics + Altcoins 30.08.2021Bitcoin continues to consolidate above the key support level of 46.250, further growth in quotes above 49.300 will increase the chances of quotes' ascent. Investor sentiment is quite high on optimism, this indicates the possible beginning of the correction, but does not mean that the correction will start from the current levels, as the rising trend is not yet broken, further we will monitor the situation in development.
Altcoins:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)
BTC/USD - weekly Analytics + Altcoins 30.08.2021Bitcoin continues to consolidate above the key support level of 46.250, further growth in quotes above 49.300 will increase the chances of quotes' ascent. Investor sentiment is quite high on optimism, this indicates the possible beginning of the correction, but does not mean that the correction will start from the current levels, as the rising trend is not yet broken, further we will monitor the situation in development.
Altcoins:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)
$BTCUSDT UPDATE!!!!!Hi Traders,
So $BTC prices have now made the push well into the the order block, giving us some more structure to work off. We are expecting a correction soon unless buy volume introduces itself and is able to break out of the current order block its in. If this is the case prices will make a push towards he next order block $54,000-$57,000. However if we do get a short term correction then we expect the smaller order block to act as first support where we will need asses the strength of the support zone for prices to push back up.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
BTC/USD - weekly Analytics + Altcoins 23.08.2021Bitcoin continues to move in a unidirectional growing trend, the key support level is the mark of 46.700 dollars. At the moment there are no signals of trend reversal, the ascent of quotations continues. The investor sentiment is on the optimistic levels close to the maximum euphoria, but peaks have not yet been reached in our opinion, so we monitor the situation in development.
Altcoins:
We single out TRON and HIVE as the most promising coins to develop a steady rising trend. (the idea is confirmed by local growth impulses).
BTC/USD - weekly Analytics + Altcoins 23.08.2021Bitcoin continues to move in a unidirectional growing trend, the key support level is the mark of 46.700 dollars. At the moment there are no signals of trend reversal, the ascent of quotations continues. The investor sentiment is on the optimistic levels close to the maximum euphoria, but peaks have not yet been reached in our opinion, so we monitor the situation in development.
Altcoins:
We single out TRON and HIVE as the most promising coins to develop a steady rising trend. (the idea is confirmed by local growth impulses).
💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (46733).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 51232
TP2= @ 53410
TP3= @ 55439
TP4= @ 59526
TP5= @ 64793
SL= Break below S2
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$BTCUSDT UPDATE!!!!!Hi Traders,
So currently we're seeing the correction/pullback. On our last post we placed two order blocks as support and resistance zones to indicate which way $BTC prices would go. As you can see on this chart prices tested those zones as resistance and broke lower reaching $45,000 before pushing back up and testing the order block as resistance. Prices then came back down breaking the previous lower low at $45,000 to reach a new low of $44,000. As things stand prices a hitting resistance levels and failing to break, indicating that sellers are in control for now.
Pricing is now setting a new structure to test as support and resistance, for prices to carry on their selling off they will need to hold the smaller two zones seen on our chart as resistance. However if prices break the zones and come back down to test as support that will indicate to us that prices will push higher back towards previous confluence zones.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
$BTCUSDT UPDATE!!!!Hi Traders,
So prices came down to reject the 200 Hourly MA indicating that bulls still want more. Current prices are now trading above all MA's on the hourly timeframe again indicating to us that bulls are trying to make that move higher.
Also take notice that prices also rejected our Pivot point 2x times adding to bullish sentiment.
Prices will need to break the two smaller order blocks on our chart to make the move into the larger order block above.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
BTC/USD - weekly Analytics + Altcoins 16.08.2021Bitcoin continues to be in a growing trend formed back on 20.07.2021, at the moment we are tracking when correction (movement against the main trend, but not changing its main direction) may start, while there are no signs of its emergence and we observe only local pullbacks. The sentiment of the investors is also on the optimistic levels, which indirectly may indicate either the middle of the current movement or a possible correction, so it is worth to monitor the situation carefully.
Altcoins:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)
BTC/USD - weekly Analytics + Altcoins 16.08.2021Bitcoin continues to be in a growing trend formed back on 20.07.2021, at the moment we are tracking when correction (movement against the main trend, but not changing its main direction) may start, while there are no signs of its emergence and we observe only local pullbacks. The sentiment of the investors is also on the optimistic levels, which indirectly may indicate either the middle of the current movement or a possible correction, so it is worth to monitor the situation carefully.
Altcoins:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)
$BTCUSDT UPDATE!!!Hi Traders,
$BTC has been smashing through order blocks like there is no tomorrow offsetting the ALT market into presenting parabolic moves all round.
There are two shorter term and smaller orderblock that prices need to test as support and resistance to continue its move higher, you can see these on our chart.
Thanks
MS
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