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INDEED BITCOIN HOLD THE $20K SUPPORT.Well! Well! Well! Here comes the breakout on BTC. My previous analysis got invalidated cause I expected a quick drop toward the $19.3k support level. Things took a sharp turn on BTC and unexpectedly it rallied all the way up to $21.4k as per the current scenario. This could be a good thing for the market both in the short and long term. If BTC manages to stay above this breakout level then we can consider something massive rolling into the crypto market. But if BTC drops down below it then this could possibly be another trap. At this point in time, I am not gonna play a scalping game. I would rather bet on long-term gains on BTC and other major altcoins. I am long on BTC at $18.3k and I will continue to hold it. If BTC drops down below $20k once again, I will accumulate more. Anyways, I will discuss more regarding the long-term perspective on BTC in the higher timeframe update. Thank you for your continuous support of my content. Trade safely.
BINANCE:BTCUSD
by Dexter_The_Trader
1
BITCOIN: HOLDING THE $20K BENCH MARK.Hello guys, I hope you all are doing well. Let's have a quick analysis on BTC in 8 hours timeframe. BTC was under the dilemma of breakout or rejection but now we can clearly see that BTC is under the rejection zone. As per the chart, if BTC further rejects then we may possibly see it close to $19.3k where we have good support. The real question is, is this going to be the final drop before the rally or there is more to come? Considering the higher time frame, I don't think this could be the final bottom. If at all, BTC drops for any reason, $15k could possibly be the last dropping level as per the weekly timeframe. This is something that is way too long. For now, $19.3k holds pretty good support for BTC and if it breaks below it then we can re-analyze the charts. I hope this update was helpful for you all. Trade safely.
BINANCE:BTCUSDShort
by Dexter_The_Trader
2
BITCOIN: CLOSE TO THE RESISTANCE.Hello and welcome all to the BTC update. Timeframe: 6 hours. Update: We saw a good 6% move on BTC yesterday which was indeed a good profit. BTC has once again surpassed the $20k price level but we still have the same problem to tackle and that is the resistance trendline. This time the resistance trendline is close to the $20.6k level which is a crucial point for BTC. It is good to see BTC making a jump like this but we also need to be careful with the rejection. Few reasons why we need to be careful: 1. This RSI is at the overbought zone and eventually, it has to go down which means BTC needs to show some correction. 2. Resistance trendline, BTC has been strongly getting rejected from the resistance trendline in the past and it could continue to do so. In an easy way, if BTC breaks out of the resistance trendline, things could go pretty well for the market. A rejection, on the other hand, could possibly be a drop toward the $19k. That's it for now. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
5
BITCOIN: HOLDING THE SUPPORT BUT UNABLE TO BREAKOUT.Hello traders, I hope your weekdays went well. BTC is once again to a point where it is holding the support but is unable to break out. For a reason, BTC is failing to break through the yellow-dotted trendline. Once we see a break out then we can expect BTC at $20.6k. On the bearish part, a rejection or a breakdown below the white support line may drop the price to the yellow dotted support line. I am still anxiously waiting for the break out keeping in mind the rejection possibility. Trade safely, guys. Happy weekends.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: PEOPLE'S NOTION.The expectations are high for BTC and yet this underperformance is killing people's patience. You can say it by viewing all the memes and posts on social media. People are getting restless with this silent move on BTC. They are expecting an explosion but BTC is quiet. This is the basic problem of the herds, they want quick results, and they want everything fast and easy. Anyways, let's get back to the chart. Current scenario: BTC is still under the rising wedge pattern and it is close to the support level. Yesterday, we saw BTC getting rejected from the resistance, as shown in the chart and now the price is at the 21 MA support. If we see a bounce and a breakout above the yellow dotted line then we can expect BTC to rally close to $20.5k. If that's not the case then we can expect BTC to drop close to $18.8k. I just hope that this rising wedge won't turn into a falling wedge cause if that happens then it will mess up the entire chart and the market sentiment. I hope this idea was helpful for you all. Do show your love and support by liking this chart and clicking the follow button. I would love to see you on my team in the upcoming bull run. Trade safely and happy weekday.
BITSTAMP:BTCUSD
by Dexter_The_Trader
3
BITCOIN: A QUICK COMEBACK.Hello traders, I hope you all are doing good. There's a lot happening in the market today. In a lower timeframe, the market is completely messed up but in a higher timeframe, you can see a crystal clear scenario. Timeframe: 12 hours. Update: After the daily close, we saw a sudden drop of -5.45% ($19174 to $18131), and right after the drop, a quick comeback of 6% ($18131 to $19225). The drop helped some wise traders to get into BTC at around $18k. For quite some time, BTC has been following both the support and resistance trendline in a disciplined manner. We can expect BTC to reverse the trend but only if we see a breakout above the upper trendline i.e., at $20.2k. BTC still looks under control in this 12 hours chart and until & unless it is above the support level, we are good to go. Note: The 12 hours chart is completely different from the 3 hours or 4 hours chart. I hope this idea is helpful to you all. Trade safely.
Long
by Dexter_The_Trader
2
Bitcoin weekly ideaFrom the past few months we have been watching bitcoin, and the price is holding the support level of 18000 to 19000. This level is very important and is working as a strong support area. But for now the bulls are not able to push the price above 24000 which is acting as a resistance, BTC now hitting the support level of 18000 again and again and this might result in breaking of the support level and then reaching the price towards 12700 to 14000 range within few months.
Short
by AmitTrades
Btc Crypto market update Pakistan Time: 8:44 AM Bitcoin support levels $18,500 USD strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $19,500 and $20,000 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis - BTC support is at 18500 and Resistance is at 19500. There are two levels are the moment, lower level is at 18864 and upper level is at 19300. Trade carefully and manage your risk between Support/ Resistance and Levels mentioned. BTC dominance is at 39.8% and total cryptomarketcap is at 919 billion Fundamental Events Pakistan time based US PPI 5:30 PM FOMC MEETING MINUTES 11PM New members/ members who dont have trading experience more than 1 year should NOT trade during 5-6 PM and 10-11:30 PM. During the mentioned time it will be a great learning opportunity. look at what fundamental news will come and how the market will react.
by Waqar212
BITCOIN: IN A CRUCIAL POINT.Hello traders, I hope your weekend went well. Here's a quick update on BTC. Timeframe: 3 hours. Preview: In our previous update, we discussed the bounce back on BTC from the $19.2k support level. Unfortunately, it didn't go according to plan. But the 3 hours chart is still showing something positive. Update: My previous 3 hours update still remains valid compared to the 4 hours chart. In this 3 hours TF, BTC is still holding the supporting trendline which is a positive thing for the market. The RSI has reached its oversold range and anytime soon we can see a good rally on BTC. This is indeed a crucial point for BTC. If BTC manages to sustain this level, we will possibly see a rally soon, if not then we can expect a further drop in the market. For spot-holding, a breakdown will be a good opportunity to accumulate BTC. I hope this update is helpful for you all. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
2
BITCOIN: MUST BOUNCE.Hey guys, a quick update on BTC. Timeframe: 3 hours. Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now. Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the $19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, $19k is the level I am expecting. The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now. Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long. What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments. Thank you so much for your support. God bless and trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
4