BTC/USD Orbiting 60000 After Pullback Bitcoin (BTC/USD) was slightly lower early in today’s Asian session as the pair depreciated to the 59767.25 area after trading as high as the 61524.03 area in the European session, with the interday high just below the all-time high of 61788.45 established this weekend. Buying pressure emerged around the 50-hour simple moving average during the North American session and Stops were elected below the 59720.28 area during the intraday pullback, representing the 23.6% retracement of the appreciating range from 53025 to 61788.45. Traders are paying close attention to see how BTC/USD trades around the psychologically-important 60000 figure. Stops were recently elected above some important upside price objectives including the 58896.80, 59792.54, 60069.04, 60368.14, 60522.13, and 61065.64 areas, targets related to buying pressure from the 16200, 17580, 21913.84, and 9819.83 levels.
If BTC/USD extends recent gains, additional upside price objectives include the 62026.52, 63788.17, 64436.39, and 64835.59 levels. Some areas of potential technical support during pullbacks include 55739.30, 54805.58, 54087.19, 53288.70, 52378.04, 52107.83, and 51997.03. Stronger technical support is likely in place around the 48030.38 and 46556.35 areas, with Stops likely in place below. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 55238.86 and the 50-bar MA (Hourly) at 59598.07.
Technical Support is expected around 55739.30/ 53305.58/ 52987.19 with Stops expected below.
Technical Resistance is expected around 62026.52/ 63788.17/ 64436.39 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
title/(Date): BTC/USD Long Set Up
Asset:CRYPTO
Order Type:Market buy/ Buy limit
Time Frame:1D
Entry Price 1: $53,250 (Active)
Entry Price 2: $52,250 (Pending)
Stop Loss: $51,250 (2,000 Pips)
Take Profit 1: $55,250 (2,000 Pips)
Take Profit 2: $58,250 (5,000 Pips)
Take Profit 3: $60,250 (7,000 Pips)
Take Profit 4: $63,250 (10,000 Pips)
Take Profit 5:$65,250 (12,000 Pips)
Status: 🏃🏽♂️Active🏃🏽♂️
Btcidea
Bitcoin it's looks ready for breakout🔥There's 3 reason.
1) There is weakness in selling
2) Bitcoin dominance on the increase
3) The lower bitcoin falls, the more interest there is to buy.
If we're break 58k so the next Target is 68k but after test 58k again.
Buy when people afraid and sell when there's in trust.
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BTC: Idea Still ValidGood day to all profit makers!
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- Previous idea still valid
- General consensus: still bullish in the long term
- Short term might treat us for a rollercoaster ride
- There are many traders looking for shorts, but buying power is also strong.
- F2Pool is being naugty
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor! and this is not financial advice
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
BTC Dropping to 40K 42K? Maybe1 Hour Time Frame
Good day to all money makers!
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- We have Hit every target of my previous ideas with extremely high accuracy
Possible head and shoulders forming.
- If this is the case expect a further downtrend to R1 followed by R2!
- I would recommend being prepared for the value to drop to the range of 40K-42K (Fib levels of 0.58 - 0.618 ).
- This is just my current idea.
- I am not a financial advisor!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
BTC 12h Weekly section: Bitcoin weekend №10To your attention the anniversary and probably the last weekly digest "Bitcoin weekend" №10.
Let's start with the fact that during the week we made three ideas: one , two , three , where we warned that the BTCUSDT price goes to $56,000 and yesterday it happened.
We do not trade on weekends, we recommend this to you. But the "homework" needs to be done to prepare for the next trading week.
So, BTCUSD can make a final impulse to the zone of $61,000, but that's a big if :)
This growth may coincide with the end of next week, when the settlement of CME BTC futures is scheduled, which by the way opened when the price was close to $33,000 per BTC.
Now, daily, weekly and even monthly candles are very bullish.
But next week may change everything.
By the way, the fact that in recent days Binance lacks funds for a loan for margin trading in long and the fact that yesterday the exchange was buggy and could not cope with user requests is very alarming! They can very much drop the prices of everything and punish those who sit in longs with a full deposit, without stops!
It is also worth mentioning about Gap, which was formed 2 months ago in the range of $24,000-27,000 and sooner or later it will still be filled.
Of course, we need to trade with the trend, and in recent months we have mostly long deals, but we must keep our head cold and do not forget that in addition to growth, there are also strong falls in the market. From time to time we post statistics on the fulfilment of our ideas and trades here in the tradingview, who is looking for - finds.
The BTC dominance during the month with the saw lowered from 66% to the current 61%, which gave the altcoins a chance to shoot well upwards.
Some altcoins have updated historical highs, while others lacked strength even by half of the growth of 2018.
Roughly speaking, now there is a "natural selection" of alts that will have the right to live in the future altseason.
Yes, yes, we think that the real altseason has not yet arrived, the BTC dominance is too high.
Moreover, the BTC dominance is now consolidating at the bottom of the 3-year channel and can easily shoot up to 68%.
As a result, Bitcoin may slightly rise in value, and alts will be drenched in blood. Take this into account in your analysis.
Well, let's try again:
In the comments, write the trading pair you want us to analyze during the next week.
We'll start in the comments, and you keep going!
TOP 5 trading pairs that will collect the most likes or comments will receive a decent analysis from us.
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Have a great weekend everyone!
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BTC to $50K by late Fri, Wed morning latest.Upward channel, with MACD and RSI showing bullish trend. Predicting that price stays within top half of channel, until price reaches 1.6 Fibonacci level, intersecting upper channel support line - late Friday. This will be just over $50K.
Price will then bounce off upper channel support, and go mostly horizontal, or slight, dip until mid-channel is reached (red circle), on Wednesday (again at $50K). Price will likely continue bullish trend and push upwards towards upper channel support again, and new highs.
Another possibility is that it gradually follows the mid-channel support until $50K is hit on early Wednesday. At that point, we hopefully break through $50K and climb to new highs, but a possible retracement towards lower channel line.
Fib and support indicates a lower support of $43800. Fib is ignoring the Elon/Tesla pump - that doesn't count :).
(sorry, this is similar to my previous idea, but I ran out of time to edit it).
BTC to $50K by late Fri or early WedSupport channel upwards, with mid-channel also offering support. Floor at $43800. If bounce off mid-channel (50/200 MACD golden cross, and mid-level RSI supports this), then we hit upper channel support by end of Friday. Mid-channel support offers bottom at $50K in the early hours of Wed.
The Short-Mid Term decider for BitcoinA third bounce off the upper trendline of this Ascending Broadening Wedge would be a bullish confirmation. We have not yet touched the upper trendline since the 15th of January so trading this from here would be quite risky.
Unfortunately, Bitcoin was seemingly rejected just south of the Ichimoku Cloud on the 18h timeframe.
Until we see more bullish confirmations such as a bounce off the lower Logrithymic Growth Curve at 29300 as well as the previous factors stated above I am remaining neutral on the price of Bitcoin.
In conclusion, I would imagine short term we shall re-visit the lower 29,000's and then perhaps bounce to the upside. The next level for bitcoin I would be looking for I will discuss in future analysis.
I am still as ever bullish long term and am holding a wide range of Cryptocurrencies.
BTC-12h. Sellers are preparing for the breakdown of 32000-33000.The weekly candle in the $BTC market closed at $35828, forming the "hanging man" pattern, or the Hang Man, which we wrote about in our Bitcoin weekend digest . Sellers managed to keep the key level of $39,000 and the local level of $36,500.
Trading volumes were the highest during the entire growth wave since September 2020. The appearance of a weekly candle, and even with such volumes, makes it clear to us that the balance of power is changing in the market. Sellers have found a support from which they can begin correction.
If we look at the 12 hour timeframe , we see that buyers have not managed to get the white trend line back under their control.
Buyers are trying to buy up the sellers' offer and this is noticeable by the pins on the candles, starting from 15 January.
However, today an attempt to start a new growth wave is failing due to low volumes . This fact can only mean that in order to continue to grow, buyers need a more interesting price for BTC. Therefore, the probability of the continuation of the fall with the target of $32,000-33000 is very high.
The 4 hour timeframe shows that there is another local trend line that forms a triangle. By keeping it, buyers will be able to count on a new attempt to break through $39,000.
We will be closely monitoring the volumes at the mark of $32,000.
The BTC dominance declined and we all felt it as we saw the coins start shooting. But a decrease in BTC dominance below 65% will entail its sale.
Therefore, this week has a good chance of continuation of the correction in the BTC market . Let's see if sellers are ready)
BTC-4h. 38645 can be a big problem for buyers.Buyers in the BTC market received a rather strong blow . Unsuccessful weekend trading and the uncertain closing of last week's candle provoked a 20% drop in the price of BTC.
Given that the decline was in increased volumes - the probability that the BTC market began to correct the frantic growth trend is high. However, the local wave of growth that began on December 11 has not been broken.
Buyers kept the white trend line and the range of $33,500-34400 . If the next 12 hour candle closes above this range - buyers will launch a counterattack. The rise in the price of BTC at reduced volumes and the test mark of $38,640 will be good signals for the continuation of the correction of BTC with a target of $26,200.
P.S. if the global correction of the growth wave has started now, the market will cool down for a long time after such a rally.
If you are interested in a deeper idea about BTC - read our global BTC idea: