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Btctechnicalanalysis

BTCUSDT, Long from a crucial supporttBTCUSDT has been a bearish trend since it rose to $28,143 on 29th August 2023. The bears have been able to bring down the price to equal lows since 22nd August at $25,331. Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6 What do I expect? The current price is exactly reacting at the base of the trendline support of the ascending channel since 19th January 2023 and the bears are losing momentum at this level which is the reason why the bulls will overtake the bears to drive up the price to $26,606 and further to $27,601 in the coming days.
Long
by AbeikuGlobal_FX
3
Bitcoin seems to have started an interesting story with a sweet Bitcoin seems to have started an interesting story with a sweet ending. This suggests that there are forces behind the scenes that are deliberately creating these games. In any case, the analysis of Bitcoin shows that there are gaps that Bitcoin is filling, and the closest one has started a decline. That decline is a gap around the price of $19,592, after which we will have a sharp decline. However, this is a definite and undeniable fact, but I do not know if Bitcoin's path will suddenly change and rise now. I only know that if the decline continues in this way, the first point that can be touched will be $19,592.
by khosrooparviz
Bitcoin reaction to volume, when is the growth?Hello everyone, there is a positive reaction of purchases and also RSI on the key time frames of 12h and 6h, I expect the formation of a bullish divergence soon, the target is $27500 - $28300. Pullbacks are being actively redeemed, we can see this on the indicator of key volumes. As you can see, now buyers are defending their approaches to $25400, which is understandable - the level is extremely important, but the local bearish mood will be disabled when it is overcome and consolidated above the $26,600 mark. The global level for a set of long-term long positions is at the level of 24800.
CRYPTO:BTCUSDLong
by GarateTradeCrypto
BTC Price Continues to Lag Hourly Below SMA 50, 100, and 200 Despite recent fluctuations, the BTC price still struggles to break above the Simple Moving Averages (SMA) of 50, 100, and 200 hourly. This persistent struggle raises concerns about the current market conditions and prompts us to consider a cautious approach in the future. The Significance of Simple Moving Averages: Before we delve further, let's briefly discuss the significance of the Simple Moving Averages. These technical indicators help us identify trends and potential support or resistance levels in the market. The SMA 50, 100, and 200 are considered crucial indicators, often relied upon by traders to gauge the overall health of an asset's price action. The Concerning Trend: As we closely monitor the BTC price movement, it becomes evident that the cryptocurrency is struggling to gain momentum above the SMA 50, 100, and 200 hourly. This indicates a lack of bullish strength and raises concerns about the potential for a sustained upward trend in the short term. The Importance of Caution: Given the current market conditions, traders must exercise caution and consider pausing their BTC trading activities until the price demonstrates more favorable conditions. Although the cryptocurrency market is known for its volatility, it is equally important to recognize when the odds may not be in our favor. Call-to-Action: Pause Any BTC Until Conditions Improve: Considering the persistent struggle of BTC to break above the SMA 50, 100, and 200 hourly, it is advisable to pause any BTC trading activities until we witness a more favorable market scenario. We can mitigate potential risks by exercising patience, waiting for improved conditions, and making more informed trading decisions. Conclusion: As traders, we are responsible for closely analyzing market trends and adapting our strategies accordingly. The current situation, with BTC prices still below the crucial SMA 50, 100, and 200 hourly, raises concerns about the short-term outlook. We can safeguard our investments by pausing any BTC trading activities until conditions improve and potentially take advantage of more favorable market conditions. Remember, being cautious and patient is better than rushing into uncertain market situations. Let's stay informed and make calculated decisions to ensure the long-term success of our trading endeavors.
BITSTAMP:BTCUSDShort
by bryandowningqln
5
Bitcoin Trading Alert - BTC below MA 50 and RSI at 50As an avid participant in the cryptocurrency market, I wanted to bring your attention to a recent development in the Bitcoin (BTC) market that requires caution and careful consideration. This idea aims to inform you about the current state of BTC, which has fallen below its 50-day Moving Average (MA) and is accompanied by a Relative Strength Index (RSI) of 50. In recent trading sessions, Bitcoin has experienced a decline that has pushed its price below the crucial MA 50 level. The MA 50 is widely regarded as a significant indicator of market sentiment and trend direction, as it reflects the average price of an asset over the past 50 days. This breach below the MA 50 suggests a potential shift in the market sentiment towards a bearish outlook. Furthermore, the RSI, a technical indicator used to measure the strength and speed of price movements, is currently hovering at the 50 level. An RSI of 50 indicates a neutral position where the buying and selling pressures are relatively balanced. However, when combined with BTC's status below the MA 50, it reinforces the need for caution and careful evaluation of market conditions. Given these circumstances, I encourage you to exercise prudence and hold off on any Bitcoin market orders until further clarity emerges. It is crucial to thoroughly analyze the market dynamics, consider additional indicators, and monitor the price action before making any trading decisions. Remember, patience and a well-informed approach are essential to successful trading. As the cryptocurrency market is known for its volatility and unpredictability, it is essential to remain vigilant and adapt to changing market conditions. We can mitigate potential risks and make more informed trading decisions by staying informed and exercising caution. This is a cautious advisory and does not constitute financial advice. It is always recommended to consult with a qualified financial advisor or conduct thorough research before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin history and future1W time frame - Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines. Every cycles have similar trend, we can mark them with three colors as below. (1) White range stand for Bull high to Bear second low (2) Red range stand for Bull high to Bear low (3) Green range stand for Bear low to Next halving According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24. Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
BNC:BLX
by EthanTW
BTC Bollinger Bands Signal an Impending Big MoveThe BTC Bollinger Bands have tightened significantly, indicating an impending big move shortly. For those unfamiliar, Bollinger Bands are a technical analysis tool used to measure volatility and identify potential price breakouts or reversals. When the bands tighten, it typically suggests that a significant price movement is on the horizon. Given the current tightness of the Bollinger Bands, it is essential to exercise caution and carefully evaluate your investment strategy. This tightening often precedes a period of increased price volatility, which can lead to substantial gains or losses. Therefore, we should consider pausing any further BTC holdings until we have a clearer picture of the market direction. While I am not advocating for panic selling or making hasty decisions, it is crucial to be aware of the potential sell pressure that may be underway for BTC. By remaining vigilant and closely monitoring the market, we can position ourselves to make informed choices and capitalize on any favorable opportunities that arise. Please take some time to assess your current BTC holdings, review your risk tolerance, and consider the potential implications of the upcoming market movement. Additionally, it might be beneficial to consult with a financial advisor or engage in discussions with fellow investors who can provide valuable insights. Remember, the cryptocurrency market is highly volatile, and it is always wise to approach it cautiously. We can navigate the market's uncertainties and maximize our returns by staying informed and making well-informed decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Moving Average Remains Flatline with RSI Below 60Over the past few weeks, we have witnessed a rather unsettling trend in the BTC market. The moving average, a key indicator used to assess the overall direction of an asset's price, has been alarmingly flatlined. This lack of movement indicates a potential stagnation or absence of significant price momentum. Furthermore, the relative strength index (RSI), a widely used oscillator that measures the speed and change of price movements, has dropped below the critical level of 60. This drop below 60 suggests the market sentiment has weakened, and BTC may be losing its upward momentum. Given these indicators, we must cautiously approach the current BTC price action. While the cryptocurrency market is volatile, the prolonged flatline in the moving average and the declining RSI should not be taken lightly. This situation demands carefully evaluating our trading strategies and risk management techniques. Therefore, I urge you to reassess your positions, review your stop-loss orders, and consider implementing tighter risk management measures. As traders, we are responsible for adapting and responding to changing market conditions, and this moment calls for heightened vigilance. Please remember that no single indicator can predict the future with absolute certainty. However, considering the current BTC price action with the flatline moving average and the dropping RSI, we can make more informed decisions and navigate the market more cautiously. Stay informed, stay vigilant, and remain focused on protecting your capital. Together, we can weather these challenging times and emerge stronger. If you have any questions or need further guidance, please comment away.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Retracement Long Trade (1D TF) Based on the current trend, we are gradually approaching the midpoint, which seems to present a favorable opportunity for entering a long trade towards the resistance zone. It is worth noting that we haven't witnessed a retest of the midpoint as support yet, indicating potential buying interest in that area. By positioning our entry just below the midpoint, we can potentially avoid any false breakdowns and minimize the risk of stop hunting
Long
by MoneyBagTrading