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Btctrading

BTC Next BIG MoveTaking a look at the Daily chart, Bitcoin is nearing a very important resistance of $52,000! What ensues will determine if we will be nearing our ATH of $60,000 in September or if we will have another sell-off sending us down too retest our floor of $29,500. If you take a look at the RSI it indicates we are in a bit of a downward consolidation which is typically followed by a massive swing in price. What's to come next will have a huge impact on the Crypto Market as a whole. I am BULLISH!
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC September Price RangeMass Integration may begin to roll in once we are clear of the this Bill. With that being said here are my price predictions as we move through August & into September. If the bill gets strung out & things get messy, say it carries over another full week we may find ourselves in a Head & Shoulders & may consolidate between $36k - $40k. Say we get clear of the Bill, we will continue to create Higher Highs with slight pullbacks which should put us around $52k end of month. We get clear & Mass Adoption kicks in, we may see those Feb. 2021 spikes kick in & send us to $60k+.
COINBASE:BTCUSDLong
by Kyle_Kinnaird
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Bearish target for BTCUSDFibonacci Retracement tool: We can simply observe that price tested .382 level support, then it fell to .5 which could act as a strong support and the next level after breaking the support at level .5 would be the .618. Interesting thing to note here is: yellow ascending broadening wedge breakout target(50190 approx) matches almost with .382 level of fibb . This target is already met as mentioned in my previous idea. green rising wedge's target matches exactly with .618 fibb level (43114 approx) It seems price will retest .382 level, if it will act as a resistance then for sure we are breaking down to our next short target. Disclaimer: These are not the trade signals, only my analysis and observations.
COINBASE:BTCUSDShort
by fullofsoul3
ALL EYES ON BITCOIN - 22/08/2020What's up traders? Hope you made some profit yesterday. Let's start with today's analysis and next trade alternatives. INTRODUCTION: As always, before moving on with the analysis I would like to highlight that I base my trading on 3 different time frames which we will be looking at during all the series, those are: 1D, 1H and 15m. I also use MACD and RSI to follow up with the momentum on the market and I have 2 EMAs plotted which are the 50 day EMA & the 200 day EMA that I use to see the trend in each time frame. (We say that when the 50 day EMA it's above the 200 day EMA , we are in an uptrend. (The opposite in reverse) After taking into account the principal things that I use in my trading methodology, let's start! LAST TRADE UPDATE: As I told you yesterday I was waiting to see a break of the horizontal channel/range that I have drawn on the chart. Because It broke the bottom part of it (red rectangle), I entered a short position at 11586$ which I closed around 11485$ because I was seeing the price trying to move up and I wanted to close the position to go to sleep lol. Finally, it went down until 11387$ but anyway, WE TOOK SOME NICE PROFITS! WHAT ABOUT TODAY? As you can see on the chart price bounced from 11387$ maybe because we had a bullish divergence on the 1H chart as you can see in the MACD, indicator made a double bottom but price made a lower low. Now price it's around the 11600$ level which has been rejected 3 times since the bounce. on the 1H chart. The 11600$ level was before a support that had been rejected many times but in my opinion now it has turned into a resistance. For now my bias is bearish as we are in a short-term down trend and I can't see any divergence in momentum in the high time frames. However, I have not taken any trade yet because I'm waiting for a confirmation. Let's move one to today's trading alternatives. TODAY'S TRADE ALTERNATIVES: - I will enter a LONG position if we break the 11650$ level. (I will wait for a little correction and then enter the market) - I will SHORT if I see price starting to fall from the 11600$ level with strength, for now we can see how candles have been rejecting that level but I can't see strength on the rejection. Also looking at the order books the drop isn't clear for me yet. (I will wait for a little correction and then enter the market) If I can give you a tip is that whatever happens, alway stay awake and monitor the trade until profit are in your hands. In order to find my exit zones/take profits I will be looking at S/R, momentum divergences and EMAs rejections. Whatever happens, I'm ready! Thank you for making it here, I hope you can leave some comment, question or tip, I will really appreciate it. See ya on tomorrow's analysis of the market. GOOD LUCK!
BITMEX:BTCUSD.PShort
by Fronteos