BTC-USD
BTCUSD - 1H - SCALPING/DIVERGENCE - LONG/SHORT
Analysis:
As per the attached Previous analysis below, Price hit our TP, after that BTCUSD has been in retracement mode.
Here we can expect the price to move upside for a while because 1H divergence has been developed.
Then it can start moving in a downward direction.
Happy trading.!
Best Regards,
The MorningStar Forex
BTCUSD - Mutiple EMA TendenceLet's go from exponential moving averages.
If the EMA 144 crosses and stays above the EMA 72 we could have another price drop. Just below we have the EMA 305 which can hold the price above this region. If the price exceeds the EMA 305 we will have a 4th test in the region of the 29k - 33k region but with the possibility of testing the EMA 610 region
RSI is back below 50 showing strong resistance for price to stay above 40k.
Let's wait for the scenes of the next chapters
It is not trading advice.
Make your own analysis and decision.
BTC - Distribution/Accumulation Phase TF: Day
I don't think price is done with the distribution/accumulation phase. I think price may push up to the high 30k to low 40k area to grab some liquidity before pushing down to the 28k-30k area and possibly breaching this area for stops.
Something key to keep an eye on is that BTC futures traders are pricing contracts that are a few months out at the same price as the current spot price, this is fairly bearish sign that large traders/institutions may be losing short to mid-term interest in BTC.
It isn't long or short because you want it to be, it is because price action and fundamentals tell you it is.
BTC/JPY - weekly Analytics + Altcoins 14.06.2021A false breakout was drawn from the level of 3695000 and impulse movement was formed, which indicates the continuation of the long trend. Investors' sentiment about market prospects remains negative, which is an additional signal of future growth of quotations. Overall, the situation looks positive for bitcoin , we expect systematic renewal of local peaks with the targets of overcoming the historical maximum price.
Altcoins:
We highlight TRON, HIVE and Kusama as the most promising coins to develop a steady growing trend.
BTC/USD - weekly Analytics + Altcoins 14.06.2021A false breakout was drawn from the level of 35800 and impulse movement was formed, which indicates the continuation of the long trend. Investors' sentiment about market prospects remains negative, which is an additional signal of future growth of quotations. Overall, the situation looks positive for bitcoin , we expect systematic renewal of local peaks with the targets of overcoming the historical maximum price.
Altcoins:
We highlight TRON, HIVE and Kusama as the most promising coins to develop a steady growing trend.
BTC/USD - weekly Analytics + Altcoins 14.06.2021A false breakout was drawn from the level of 35800 and impulse movement was formed, which indicates the continuation of the long trend. Investors' sentiment about market prospects remains negative, which is an additional signal of future growth of quotations. Overall, the situation looks positive for bitcoin, we expect systematic renewal of local peaks with the targets of overcoming the historical maximum price.
Altcoins:
We highlight TRON, HIVE and Kusama as the most promising coins to develop a steady growing trend.
BTC/JPY - weekly Analytics + Altcoins 14.06.2021
A false breakout was drawn from the level of 3695000 and impulse movement was formed, which indicates the continuation of the long trend. Investors' sentiment about market prospects remains negative, which is an additional signal of future growth of quotations. Overall, the situation looks positive for bitcoin, we expect systematic renewal of local peaks with the targets of overcoming the historical maximum price.
Altcoins:
We highlight TRON, HIVE and Kusama as the most promising coins to develop a steady growing trend.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34180).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 37920
TP2= @ 39515
TP3= @ 40780
TP4= @ 41870
TP5= @ 43805
SL= Break below S2
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BTCUSDT UPDATE!!!!!Hi Traders,
So prices are continuing to follow the bearish trend. The next question to ask yourself is where will enough support be found for prices to start rising again?
Currently prices are within a confluence zone and could either potentially rebound from here or breakthrough towards the zones beneath. Keep in mind that we are edging closer to the 0618 FIB too.
We have gone back and looked at past areas where large orders where placed and have depicted these areas through the red zones that you can see on the chart. The second zone has good volume coming into it as seen through the volume bars to the right of the chart. The third zone also has good volume coming into it if the first and second zones fail to hold as support. The last zone is if prices decide to square up the move up however this seems to be unlikely for prices to come down so much.
However, we will watch price action carefully as it develops and goes through these zones of support.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
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