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Btcusdidea

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
BTC/USDT 1hr CHART UPDATE!!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see at this above-mentioned charity BTC is currently on the way to printing an inverted head and shoulder pattern but the right shoulder is still incomplete. Let’s see how BTC performs in upcoming hours and goes in which direction. Formation of an inverse head and shoulder and break above will lead BTC towards the price level of $23k. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
BITSTAMP:BTCUSD
by Domino_Crypto
2