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Btcusdidea

BITCOIN: A GOOD RALLY.Welcome folks to this BTC update. Timeframe: 4 hours. Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to $22.5k. Trade Setup: If BTC show some retest then $19.5k to $19.9k will be a good re-entry level. Stop Loss can be at $18.7k and the target will be $22k. If BTC doesn't retest at all then let it be, we can get another opportunity. I will update more on this later until then trade safely. Do support with your likes and comments. Thank you.
Long
by Dexter_The_Trader
2
MACD golden cross of BTC 4H is 100% correct in the last 4 times Strongly bullish on BTC Reason 1: Since the US CPI data was announced at 9.1% on July 13, bitcoin first plummeted by nearly $1,000, then rebounded to erase the decline, and the market reversed, proving that even if the CPI data is very poor, it has a limited impact on the crypto market. Reason 2: Bitcoin is still in a perfect ascending channel and the price is close to the support level , so it has a higher probability of continuing to rise. Reason 3: The last 4 times the MACD indicator golden cross has shown a big increase, and the correct rate is 100%. Now the 4H golden cross has appeared again, and the market is expected to continue to rebound. Conclusion: Bitcoin will continue to rise, focus on the support and resistance lines on the chart. Ideas from traders with 10 years of trading experience
Long
by Fncel_Kgd
Bitcoin 2D Still Weak Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: BTC looked good on the daily for a few days (not anymore), so I'm still waiting for the 2D strength profile to turn green. That's what I'm waiting for since April 3rd. As you can see we are way oversold, yellow line was way below -1% already since May 5th and never above 0! When the strength profile turns green that would indicate an incredible buy for BTC, patience is key, in the meantime, follow me and I will update you when that happens. 2) Bull Bear Squeeze: Check the chart, you can see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge. 3) Money Flow: The money inflow is slowly flattening out, loosing momentum, if it turns south (and potentially crossing the average) it won't be pretty. For now, the Bitcoin 2D Strength Snapshot is still weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴
BITSTAMP:BTCUSD
by bodhinium
2
Bitcoin Support Levels And Where To EnterMarket situation is harsh right now but I don't expect a bounce at these levels : from 18.5k to 21.8k tonight was just a hunt to generate more liquidity for more shorting. We have 50 Monthly EMA as support at 16.5k. Weekly RSI at 26 and an expanding wedge same as on Nasdaq and SPX which I expect to make a move just a bit lower than previous lows and bounce hard Bogdanoff style. In case it goes below this as a wick, might move to 15k and last support is 12.5k. Plan : I start to buy btc and alts when bitocin touches 16.5k. Thx, cheers )
BITSTAMP:BTCUSD
by MrDorea
BITCOIN: AT THE SUPPORT LINE.Hey guys, here's a quick update on BTC. Keep in mind that this is a short-term update so don't compare this with my long tern USDT.D update. Time frame: 4 hours. Update: In my previous update, BTC had slight support at $20.5k but we clearly saw that it didn't hold. The daily close on the other hand was around $19.9k which was expected after the breakdown. Current Scenario: BTC is hitting the $19.5k-$19.6k support range. If this is strong support then we can expect a bounce-back soon. Also, we need to keep in mind that BTC is forming a bearish flag pattern which isn't a good sign for the market. We may expect another bounce-back but it may not hold it for long. Key levels: $19.5k to $19.6k is an important support for BTC. Conclusion: If BTC bounces back, we will enter long and if BTC breaks down below, we will short the market. I am expecting a short-term bullish rally in the market soon. So, keep your eyes wide open. Trade safely and as always like, comment, and follow for more. Thank you.
Long
by Dexter_The_Trader
7
BITCOIN: READY TO TEST $19K?Hello, amazing people. I hope your weekend is going great. Here's a quick update on BTC's current price and the possible levels it could reach. Timeframe: 4 hours. Update: BTC recently got rejected from the resistance level of $22k. This rejection is quite disturbing for the market as we can see the possible drop level. If BTC continues to reject then $19.5k can possibly be the dropping level. For relief, we have slight support at $20.5k from where can expect BTC to bounce back. Let us see how the market plays out. I will keep updating you guys so keep in touch. Thank you.
Short
by Dexter_The_Trader
Bitcoin 2D Weak Strength Snapshot1) I'm still waiting for the strength profile to turn green, it turned red on April 3rd 2022 and has not been bullish since (short since then). 2) You can also see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge. 3) When you look at the money flow, there is money coming into BTC but for me to become bullish, the money flow needs to be above 0, or positive. For now, the Bitcoin 2D Strength Snapshot is weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴 Followers may request a strengthsnapshot of any cryptocurrency , like and follow.
BITSTAMP:BTCUSD
by bodhinium
BTC retrace to 22.800BTC looks like there is a retrace that can reach the price of 22,800 if you look at the existing pattern. On the D1 chart the candle forms a bullish momentum, but all the ichimoku parameters still indicate that the selling pressure is still strong. This retrace is not the start of a bullish trend in my opinion, this is only a retrace with a simple a-b-c pattern, most likely. The kumo cloud still indicates selling pressure, with quite thick volume. Don't be fooled into making a purchase. Well you wait. I'm more focused on determining when it's time for me to enter to short
BITSTAMP:BTCUSD
by Hokusai_FX
BITCOIN: IMPORTANT UPDATE!!!Hello everyone, welcome to this BTC weekly update. Update: Bitcoin has been hovering between $18k to $20k for the last 18 days holding the $19.5k support level. If you look at the chart, in the past, BTC reached an ATH, then got rejected, followed by the formation of a new support level, then further rejection, and then a bounce back. A similar move is happening now where BTC made an ATH ($69k), got rejected, made a new support level ($29k), got rejected again, and now holding strong support at $19.5k. The doubtful part of this chart is the bouncing level. In the past, BTC has always bounced back from the lower supporting trendline, and if BTC will follow the same pattern then $14.5k could be the level. On the other hand, if BTC maintains the $19.5k support level then we can expect the rally towards $29k can take place from the present support level. All I can see is a bounce towards the $29k to $30k level to be happening soon. RSI: The RSI level on BTC is already at the oversold level and sooner or later it has to bounce back. Key levels: 1. $19k support level. 2. $14k support level. 3. $29k resistance level. Note: This chart is in a higher timeframe so do not consider this as a trade setup for scalping. I will update more on this in the coming days so stick to this channel. If you haven't followed me yet then do hit the follow icon for more interesting updates. Likes and comments are highly appreciated. Thank you.
Long
by Dexter_The_Trader
5
BITCOIN: AT VERGE OF REJECTION.Hello traders, BTC didn't play out as expected. It is currently at the edge of rejection breaking down below the lower trendline. If the next candle closes below this trendline then be careful with your trades. It could be a fakeout as well but considering the volume, and the 21 MA, it is not showing any bullish sign. I will close my positions on BTC, ETH, and GALA on leverage if the next candle closes below the supporting trendline. The best suggestion will be to stay away from the market for now and if you have any open trades then use SL. I will keep updating about the market situation.
COINBASE:BTCUSD
by Dexter_The_Trader
2
BITCOIN UPDATE: A DROP EXPECTED!!!Hello traders, here's a simple yet important update on BTC. Timeframe: 3 Days. Update: BTC has been trying its best to maintain the $20k level and it is still holding it. After the quick drop towards the $17k, I expected BTC to rally close to the $27k level but the recent drop formed a different scenario. Looks like BTC is not done yet and it might still drop further down. As we all know that the $17k range is showing major support for BTC and if at all BTC breaks below the $20k level then $17k is the only support to hold. According to all the F.A and T.A, I am expecting a further drop in BTC holding the $17k support and then a bounce back towards the $27k by the end of the 3rd quarter. The only invalidation point will be the $17k support level. Conclusion: This market is full of surprises so do not trade blindly. It is not a bull run, my friend where you pick any coin and it gives you 30x to 50x. This is a bear market where everything burns. If you agree with this idea then show some support through likes and comments. Any suggestions or corrections are welcome as well. Thank you.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
6