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Btcusdidea

BITCOIN: THE FACE OFF.Hello traders, here's a quick update on BTC in the hourly chart. BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest. What is your thought on this recent rally? Do share in the comments. Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart. Thank you for your support.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
13
BITCOIN: HOURLY UPDATE.Hello traders, welcome to this hourly update on BTC. Update: BTC has been well maintaining the support level in a higher TF and in a shorter timeframe, it is going sideways forming a symmetrical triangle. I would still consider $18k to $18.5k a good support level for BTC. We may see some big moves in the market soon and I would prefer a bullish move. We are close to the weekly close and this time a weekly close above the $19.5k will be good for the market. What do you think about the current market scenario? I'll update more on it soon until then trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: AN ANTICIPATION.Hello traders, I hope you all are doing great. Here's a quick update on BTC in 12 hours timeframe. Preview: According to our previous update, BTC is still holding the support level and it is trying the best it can to bounce back. Due to the FOMC press release, we saw some extra drama in BTC but still, it is holding on. Update: As BTC is maintaining the support level, it is interesting to see how the 21 MA is holding the price to rally higher. Currently, the price is exactly at the 21 MA, and this time whether BTC will break above it or below it will be a tough call. Technically, even if BTC manages to break above the 21 MA, it still needs to face the $21k resistance and then the $22k. But a rally up to that level itself will be good for the market. Conclusion: Like I said before, until and unless BTC goes below the support level, we are good to go. Breaking down below it will be a good opportunity to accumulate. With this thought, I would like to rest my case. Share your thoughts and ideas if you have any. I would love to read them. And also, thank you so much for your support and motivation. Have a blessed day.
by Dexter_The_Trader
8
BITCOIN: BREAKOUT IN HOURLY TIMEFRAME.Hello everyone, we are a few hours away from the FOMC meeting, and here's the BTC chart in a lower timeframe for better understanding. Update: The FOMC meeting is about to take place and BTC broke out in the lower timeframe. Can this be a good sign for the market? For that, we have to wait. If this breakout turns out to be true then we can expect a good rally after this FOMC meeting. If not then be prepared for another bearish move. Trade safely.
Long
by Dexter_The_Trader
4
Levels and Price projections for BTCSo far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start. 1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support. 2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower). 3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-) Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past. This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
BITMEX:BTCUSD.P
by SasaT4NG
BITCOIN: THIS IS IT.Hello guys, welcome to this BTC update. The weekend went well but the beginning of the weekdays went wrong. All this was expected and you knew it if you followed my ideas. Anyways, here's a quick analysis of what could happen next. Recap: In our previous update, we discussed how important the current support level is and as it is still holding the support, we still have that one chance to bounce back. Update: We expected and it happened. BTC is once again back to the same support level and this time it is under the descending triangle formation. Things are pretty clear here for both negative and positive impacts. Positive Impact: If BTC can hold this support level then we can expect a bounce back soon. Maybe a quick drop towards the $17.6k level. Negative Impact: If BTC breaks down and closes below the current support level then the descending triangle will play its part. That's it from my end for now. We will wait for now. Do comment your ideas and analysis in the comment section. Thank you for supporting.
by Dexter_The_Trader
8
BITCOIN: MOMENT TO DECIDE.Hello traders, it's an honor to pen down my analysis on BTC in 12 hours timeframe. I hope this update will be helpful for you all. Update: BTC has been making a negative move in the last few days. From a straight pump of +23% to a quick drop of -16%, all in the span of 10 days. Things took a dramatic turn on BTC but it is not quite a surprise cause BTC is used to being dramatic. The entire market is talking about the bearish sentiment, some predicted BTC to drop by $10,000, and some by $3000. Even I analyzed that if BTC drops below the current support level in a higher timeframe then it may reach down to the $12k where we have the 2nd support level. The interesting thing to notice is the volume spike which is increasing whereas the BTC price is decreasing. As BTC is still holding the $19k support level, there could still be a chance to bounce back. I clearly understand that we are in the bear market and BTC can go further down from its current price but still, it is worth considering the current support level. Until and unless BTC is holding the present support level, I am positive about BTC. If BTC breaks and closes below $19k, I will for sure wait for the strong buyback level and trade accordingly. It is indeed a moment to decide on BTC. Note: I am not talking about the bull run here, I am talking about BTC sustaining the $19k support level and bouncing back to a decent level in a lower timeframe. What is your viewpoint on BTC? Do share your ideas in the comments. Thank you for reading. God bless and trade safely.
Long
by Dexter_The_Trader
12
BTCSUDTBitcoin is in an important decision zone! At the moment, a widening would be better, which would give better conditions for a bullish impulse movement, followed by the strengthening of the support zone. However, the price is below the POC and below this there are liquidity zones between 12k and 10k, and the GAP of these areas has not yet been closed since the last high rally and to better support this argument, I also consider the significant gain in volume traded since May of this year. Always remember that the market is year round and does what it wants. Therefore, this is just a speculative idea of ​​mine and should not be considered as investment advice. Gratitude
Short
by fgolobovant
BITCOIN: STILL NOT BULLISH!!!Hello traders, I hope you guys are doing good. Here's a quick update on BTC in a lower timeframe. Timeframe: 8 hours. Update: BTC is still not bullish. It did perfectly bounce back from the $18.5k to $19k support level but currently, it is struggling to break above the $22k resistance level. If BTC fails to break above this level then we can expect another drop in the market. The RSI is already close to the overbought zone. Conclusion: BTC is still in a critical zone. Holding leverage positions for long in this unstable market will be risky. You may take short or long calls for scalping but make sure that it is for a shorter period of time. Note: Take the risk that you can effort to lose but knowingly do not jump into a bad trade. When you know and see that market is in a risky zone, stay aside. I hope this update is helpful for you. Thank you for supporting me. God bless.
COINBASE:BTCUSDShort
by Dexter_The_Trader
8
BITCOIN: A MIX FEELING OF GREEN AND RED.Welcome folks, to this new update on BTC. Timeframe: 3 Days. Recap: In my previous update, I mentioned about the two scenarios. 1. BTC will continue to hold the $19k support level and bounce back. 2. BTC will break down and fall towards the $12k support level. Well, it followed the number 1 scenario, a bounce from the $19k support level. Update: Recently, BTC has been reacting both negative and positive at the same time. I don't know if this could be an actual bounce back for BTC towards the $29.5k resistance level. So far, BTC manage to stay above the support 1 level but still in a critical zone. This time if BTC manages to break through all the odds then $29.5k to $30k could be a promising range for BTC. If you ask me when then I believe the beginning of the last quarter could be the month. RSI: The RSI is showing both the bullish and bearish divergence at the same time. We can see a nice rising wedge pattern forming in the RSI. Conclusion: Bulls need to maintain the pressure and should not drop below the $19k support. I am still holding my longs on BTC on spot and if by any chance, BTC goes bleeding red, I would like to accumulate more and more. What do you think about the recent price movement in BTC? Do share your views. Like, and comment to support me. Thank you and trade safely.
by Dexter_The_Trader
4