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Btcusdidea

BITCOIN: AT THE SAME JUNCTION, AGAIN!!!Hello folks, welcome to my BTC update. 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 in 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 it or use it to understand the market. Let's get back to the chart. BTC is yet again at the same resistance where it was before. The last time BTC got rejected and it went all the way from $42.5k to $37.5k and a difference of $5k. A 12% drop in 4 days. The current scenario is resembling the same and even if BTC manages to break through it, we have another strong resistance at $44k eagerly waiting for BTC to reach. The RSI is already in the overbought range so it will be a wise decision to books profits and keep your SL tight. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
BTC can we breakout this time?BTC / USDT Since the beginning of 2022 market was uncertain/chop with up and down movements Also Bitcoin failed many times to break strong resistance around 45k-46k => Can we breakout this time ? The bulls signs start to appear in market and in my chart possible scenarios : 1: the last fast correction before breakout 2: Direct breakout => Invalidation : daily candle close below white trendline then this analysis will fail =>Don’t forget to like this idea for more analysis Always DYOR Best of wishes
Long
by Babenski
7
BTC UPDATE: STILL HOLDING THE SUPPORT.Guys welcome to this BTC update. In our last update, we saw BTC breaking out of the trendline and we even booked good profits. Even after the breakout, we can see that BTC is unable to make that jump we expected. Does it mean, BTC will drop back once again? Well, not exactly. We have important support and resistance level that will help us to trade safely. Currently, BTC is above the trendline and the support level of $40.1k which is a good thing. If BTC manages to hold these levels then I am expecting a rally towards $44k soon. Things will get negative if BTC drops below the $40.1k support level. I am still holding my 50% position in spot and I gonna hold it until $37k is broken. That will be my strategy to be on the safer side. You guys can plan yours accordingly. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
COINBASE:BTCUSDLong
by Dexter_The_Trader
14
#BTCUSDT 4 Hour technical Analysis, Possibly a green week ahead?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 broke below the triangle and pumped right back inside the channel. See how crazy this PA is? Anyways, $37k held. Weekly closed at $37,770. What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold. USDT Dominance shows bearish indications which give us a possibility of a green week starting from today. BTC bounced and got back inside the channel points towards the same possibility. Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO. I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market. What do you think? Do let me know and hit the like button. Thank you #PEACE
Long
by Cryptorphic
2
BITCOIN UPDATE: STILL AT THE RESISTANCE!!!Welcome members, to this important BTC update. 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 in 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 it or use it to understand the market. Let's get back to the chart. BTC made a big jump up to $41.7k but couldn't hold it for long leaving a shadow behind which honestly isn't a good sign. But is it really that bad? Here's what I think about this move. Let me know if it makes sense. Whenever we have shadows from the top, it means there's selling pressure in the market. Currently, BTC is not in a position to get selling pressure. Looks like whales are trying to confuse the noobs cause in a consolidation phase, a long shadow like this, doesn't make any sense. I am gonna stick with my strategy of accumulating the dip till $35k. BTC pumped & dropped so quickly that I missed a chance to exit the market at $41.7k. But that's ok cause I had my positions on spot. Let's be extra cautious here and trade carefully. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
COINBASE:BTCUSDLong
by Dexter_The_Trader
2
BITCOIN UPDATE: EXPECTING A RALLY HERE.Welcome folks to my new update on BTC. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in 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 it or use it to understand the market. BTC reached exactly at the support level of $38.2k as I mentioned in my previous update and now I am expecting a rally towards $46k from here. Entry-level will be between $38.3k to $39.7k. For better confirmation, you can wait for BTC to break above the dotted trendline or the 21 MA. Stop Loss: $36.8k Target: 10% to 15%. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. Do like and follow for more updates. Thank you.
COINBASE:BTCUSDLong
by Dexter_The_Trader
11