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Btcusdidea

BITCOIN:: IS THE RECENT RALLY GOOD ENOUGH???Welcome folks to this new update on BTC. I am gonna keep the chart clean and simple for you guys. Timeframe: 3 Days. Update: In my previous 4 hours update, I mentioned the drop between $20.1k to $20.7k and the volatility in the market after the FED news. Well, BTC didn't drop up to $20.1k but it drop up to $20.7k which was under the given range. FED & FOMC News: With the FOMC press release, we saw the market taking a rally which was a surprise for many. After the recent FOMC news, BTC is 10% up ($21150 to $23480). Current Scenario: In a 3-day TF, BTC is facing a slight resistance at $23150 where we have a 21 MA resistance. If BTC manages to break above this then we can expect BTC to reach the $28.7k to $31.8k, a psychological resistance level. Conclusion: The entire market is pumped right now which is not natural. It is all because of the FOMC news released yesterday. There's no doubt that BTC can rally higher from the current level but a correction will be a perfect balance. Key Point: 21 MA : Break out above it will boost the rally. I'll update more on it in the coming time until then trade safely. Thank you.
by Dexter_The_Trader
BITCOIN: BROKEN DOWN BELOW THE SUPPORT.Hello traders, I hope you guys are doing good. Let me share a quick update on BTC. Timeframe : 4 hours. Update: BTC broke down below the support level which isn't looking good in a shorter timeframe. If BTC didn't break above the upper trendline soon then we may most likely see a drop in BTC. BTC tried its best to hold the support level but couldn't keep it up. The current green candle looks like a retest but if it manages to break out again then things will get interesting. Upcoming news: We have the Federal Open Market Committee (FOMC) two-day meeting on the 26th & 27th of July 2022. This meeting may bring volatility to the market depending on the news. So, kindly mark the date and stay alert. Conclusion: The market looks bearish for the short-term and as the weekly close is near, we can either wait or scalp trade. That's it for now. Thanks for reading my update. Do like and comment to show some support. Trade safely.
Short
by Dexter_The_Trader
6
26,567 Target UpdatedBTC reached a new low on the 4 hour, and rejected the 30MA on 4 hour. I can now understand why this has happened and why this is temporarily bullish for Bitcoin . I don't think we are dumping yet; here's why: A perfect fakeout would be to close the Weekly candle ABOVE the 200MA Weekly. This would be a HUGE BUY SIGNAL for retail buyers and many traders who don't think about what this actually means. They would just assume the bull run is back on. Literally everyone would be buying Bitcoin . Every Bear would switch Bull, and then, and ONLY THEN, does the dump begin. The liquidations would be HUGE. We currently close the Weekly on Sunday 24th. On the 25th (just like on the 25th July, 4 years ago) we reach the top - which on Kucoin would be 26,567. (Please refer to my 2 "Link to Related Ideas" to see how I measured this target originally. I have redone the extension with the new numbers to show you the updated target.) Funnily enough, if you look at my chart you can see that thick orange line above the 0.786 fib of 26,567. That thick orange line is the 200EMA Weekly. I expect this 200EMA Weekly to meet around this fib level by then, and THIS will be the REAL TOP. So around this time, the 25th would be a Monday. Now we all know that on Monday's, there are generally fake moves. So it would probably reach the top on Monday, pretend dump and then back up halfway to liquidate some late bears. Then it should start dumping around Wednesday 27th/Thursday 28th. The Monthly close would likely end up being a green Monthly candle with a wick. From then on, we descend towards 19k-18.5k before levelling out and going sideways in September.
INDEX:BTCUSDLong
by reiiss7
15
BITCOIN: BEARISH DIVERGENCE FORMATION!!!Hello traders, I hope your days are going well. Here I am once again with an update on BTC. Timeframe: 4 hours. Update: In my previous update, I mentioned the hidden bullish divergence BTC formed and it worked pretty accurately. A strong gain of 12% after the chart got posted. Now, currently, we can see two things happening. Firstly, BTC broke out of the $22.5k resistance level and closed above it which technically, looks bullish. Secondly, BTC is under a strong bearish divergence formation where the RSI top is decreasing and the actual price candle top is increasing. Conclusion: We can clearly see that BTC has not confirmed the bearish divergence, yet. It is still under formation which means if BTC starts to rally higher, the bearish divergence will get invalidated. We are already in the overbought zone, and the market is all green. Looks like we may likely see some drops soon. So, stay on high alert and trade safely. Key points: 1. Keep an eye on the bearish divergence. 2. $23k a good support. 3. RSI overbought. I will keep you guys update.
Short
by Dexter_The_Trader
2
Bitcoin 2D Improving Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: Finally the strength profile turned green since it turned red on April 3rd 2022, this is a bullish trend reversal. 2) Bull Bear Squeeze: Caution is needed though, as you can see, the bears are still in charge and they have not been entirely squeezed yet for the bulls to be back in charge. 3) Money Flow: The money flow is steadily increasing but is not positive yet. For now, the Bitcoin 2D Strength Snapshot is finally improving: Strength Profile 🟢 Bears in Charge 🔴 Money Flow 🔴
BITSTAMP:BTCUSDLong
by bodhinium
Bitcoin 2D Stronger Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow. 1) Strenght Profile: Green and getting stronger. 2) Bull Bear Squeeze: The bears are almost squeezed and then the bulls will be firmly in charge. 3) Money Flow: The money flow just turned green and positive. We are in a very similar situtation as on July 24th 2021 when we started a nice leg up, see chart. For now, the Bitcoin 2D Strength Snapshot is continuing to improve: Strength Profile 🟢 Bears in Charge 🔴 Money Flow 🟢
BITSTAMP:BTCUSDLong
by bodhinium
2
BITCOIN UPDATE: YET TO REACH THE RESISTANCE LEVEL!Welcome folks to this BTC update. I am gonna keep this chart neat and easy to understand. Timeframe: 4 hours. Update: We saw how BTC is trying to bounce back to stay above the $20k level which is good for the market. The daily close was around $20.8k below the 21 MA but it made a quick pull back holding the price at $21.3k. If BTC continues to rally, we can expect it to touch the resistance level which is at $22.5k, and if BTC starts getting rejected then $19.6k is good support. RSI: In this 4 hours timeframe, the RSI is showing a hidden bullish divergence which is quite a confirmation of a bullish rally towards the resistance level. Conclusion: BTC is still under a bearish flag pattern and like I said in my previous BTC update, $22.5k is the invalidation point for this bearish flag. Once BTC breaks the resistance, we will see a trend reversal and we may likely see higher rallies. A rejection, on the other hand, will continue the bearish flag pattern. I will update more on this topic later until then trade safely. Like, comment, and follow to support my channel. Thank you.
Long
by Dexter_The_Trader
4
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