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Btcusdidea

#BTCUSDT 80K Incoming!!! Brace yourselves...Welcome to this short update on Bitcoin. Reasons to Follow me? *9 Years in Trading! *7 years in Crypto *Certified Technical Analyst *Record Holder of Most liked Bitcoin Chart on Tradingview. *Consistent updates on Markets and Trade Setups *No Bias *All-time Top Author on various assets and index charts globally. *Very Active Community during both bull and Bear Market Let's get to the chart! BTC looks good here and here are the reasons why BTC is likely to break the previous ATH. 1. BTC held the $33k level which is the lower support bottom for BTC 2. BTC is currently holding the $21MA daily, 3. Increase in BTC holders in the long term has reached ATH recently. 4. BTC is holding the 50 DMA level. 5. USDT Dominance is showing signs of bearishness. 6. TOTAL MARKET CAP is bullish. 7. Fractals are showing signs of a possible rally. 8. To complete the pattern BTC needs to print a third top which will eventually make a triple top pattern in higher time frame charts. 9. BTC needed a retest after the $42k breakout and it's happened followed by a strong bounce. Based on these reasons there's a high possibility that BTC will reach a new ATH in the next few weeks. TRIGGER POINT FOR THE RALLY:- Break and close above the 200D MA. INVALIDATION:- Break and close below the 30k- 33k support. *This is not financial advice., this is just what I see in the charts. Let me know your thoughts do hit the like button if you like this idea and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
19
BITCOIN AT $47K RESISTANCE.Hello people, welcome to this quick update on BTC. If you are viewing my ideas for the first time then I request you to click the follow button for more interesting updates. BTC bounced back from the $44.6k support level and it is currently facing resistance at $47k. In order to rally higher, BTC must get rid of $47k and $48k resistance levels. If BTC breaks through these resistance levels then $52k will be the next target. This means the USDT Dominance will break down its 3.77% strong support level. If at all BTC breaks down then $44.6k will still hold as support for BTC. Altcoins on the other hand stood strong during the retracement. Looks like April 2022 (the beginning of the 2nd quarter) will be good for the market. I will update more on this until then stay in touch and trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
3
CAN BTC BREAK THIS $48K RESISTANCE LEVEL?Welcome members to this update on BTC. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. BTC has been struggling to break through the $48k resistance level. We can see multiple shadows at $48k which indicates selling pressure but seems like the bulls aren't over yet. Along with the wicks from above, we can also see a long wick from the bottom. The pressure is from both ends and looking at the entire picture here, BTC should show retracement. If at all BTC retest then we have good support at $45.5k or either fall down towards $44k. On the other side, if BTC breaks above resistance 1 then we will have a different story to share. What do you think about BTC? Do you think BTC needs a correction here? Share your thoughts and views in the comments. Do like and follow for more updates. Thank you.
COINBASE:BTCUSDShort
by Dexter_The_Trader
Active trading and volume analysisThere are two biggest volumes that are at the very bottom of the movement and that push the price up, there is such a thing, the trend will continue until these volumes are interrupted by larger volumes, while they must be at the top of the trend... - Rising volume indicates the determination of sellers and buyers to push the price down or up, respectively. For example, if in an uptrend volume rises on a price move higher, this indicates that buyers are very willing to buy and the upward movement will continue. - A trend can continue for a long time and on decreasing volumes, but usually decreasing volume during a trending price movement indicates a weakening of the trend. For example, if the trend is up, but the volume is steadily decreasing, this indicates that fewer people are willing to buy and push the price up. However, this trend will not change until the sales volumes exceed the buying volumes. - Ideally, the volume should be more when the price moves in the direction of the trend, and less when it goes against the trend (on pullbacks). This shows that the movement in the direction of the trend is strong and the pullbacks are weak, and the trend is likely to continue. - High volume accompanied by sharp price movements against the trend is a sign of a weakening trend and / or a possible reversal (in accordance with the previous paragraph). - An extremely large spike in volume, 5-10 or more times the normal average volume (in a given time frame), may indicate the end of a trend. This is called an exhaustion move because usually when so many stocks change hands there is no one left who is willing to push the price in the direction of the trend and the price reverses (often quickly).
BINANCE:BTCUSDLong
by UnknownUnicorn36647227
2