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Btcusdidea

CAN BTC REACH $52K??? Hello guys and welcome to my new update on BTC. For today's analysis, I am gonna use 12 hours time frame to get clear support and resistance levels. If you are viewing my post for the first time then do not forget to follow. We saw some interesting rallies on BTC and the entire market in the last 3-4 days. Now, there's no sign of retracement yet and things are getting more skeptical. In order to have a clear picture, let us classify some key points here. 1. Resistance 1 ($47750): BTC has recently reached the $47k level but facing some resistance at $47750. This is going to be an important level cause if BTC breaks above this resistance 1 then $52k could possibly be the next target. A rejection on the other hand could be a danger for the market. 2. The daily/weekly close: The daily/weekly close was at $46950 which is good for the market and if BTC manages to stay above the white trendline then we may see a higher rally. 3. The RSI: The RSI is in the overbought zone but still there is no sign of bearish divergence yet. Conclusion: BTC has not shown any retracement yet so let's be careful cause the retracement may hit all of a sudden and you won't even know. The best thing you can do now is scalping. Play the in and out game with small capital. Make some quick $$$ and get out. Let me know what you think about the current market scanrio.
COINBASE:BTCUSD
by Dexter_The_Trader
BTC Finally Broked a Long Term RangeAfter a Long Range Bitcoin Broked the Resistence and now up to its Way. Now the next Point where we have to take care or if You have any Trade in BTC. then you can takeprofit on this points. I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade. Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis If You Like My Work Just Come and Join Me.
BITFINEX:BTCUSDLong
by MoonTradingForecast
BITCOIN UPDATE: STILL UNDER THE RADAR.Alright guys, here's a quick BTC update in 6 hours timeframe. BTC might have broken the white trendline but it is yet to break through the $45.5k horizontal resistance level. If BTC breaks through this level then we will see something new happening. We have seen a good rally in BTC and other altcoins and it's high time that BTC should calm down a bit and show some retest. If at all BTC retest then I am expecting $43.5k to be the level. Things will go wrong if BTC breaks down below the $43.5k support level. The RSI on the other hand is hovering over the overbought range and it is most likely to drop anytime soon. We made some good profits on HBAR, DOGE, LTC, TRX, ETH, and the current market is already pumped. In this situation, we could either wait to re-enter or short some highly pumped coins. I'll update more on this so keep in touch.
COINBASE:BTCUSDShort
by Dexter_The_Trader
BITCOIN UPDATE: A DIVE OR A JUMP???Welcome members to this update on BTC. I am using 3 hours TF for the analysis. 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. Coming back to the chart. BTC has broken out of the rising wedge pattern but things still look skeptical here. We can possibly see a higher rally coming in and BTC could bounce back from a $44k support level. But let us not forget the RSI. BTC is rallying higher but the RSI is breaking down below the lower trendline. It is losing the volume here and whenever this has happened, BTC has fallen down badly. Here is the possibility according to the support and resistance level. 1. $44k support level: If BTC manages to hold this level then we will soon see a bounce towards $46k. 2. $43k support level: If BTC breaks down from the current level then we can expect BTC to create a support at $43k and then a bounce. This will be an important level to keep an on and for now $44k level is a crucial support for BTC. Let me know what you think about BTC. Do like and follow for more updates. I'll see you at the next one. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
2
(BTC/USD) BULLS LOOKING TO BREAK 45KBitcoin (BTC/USD) maintained its recent upside bias early in the Asian session as the pair oscillated around the 43000 figure after trading as high as the 43296.47 level before profit-taking commenced down to the 42668 level. Stops were elected above the 42769.80, 43006.76, and 43042.47 levels during the ascent, representing the 61.8%, 76.4%, and 78.6% retracements of the recent depreciating range from 43389.79 to 41766.79. BTC/USD recently encountered technical resistance at the 43389 level, representing a test of the 78.6% retracement of a broader depreciating range from 45855 to 34322. Traders are closely watching to see if BTC/USD can become technically constructive above the 41445.06 level, representing the 23.6% retracement of the broader depreciating range from 69000 to 32933.33. Stops were recently elected above the 40079.12, 40673.54, 41409, and 41519.83 levels during the move higher, retracement levels related to the depreciating range from 42597.84 to 37560.40. Following the recent move higher, areas of potential technical support and buying pressure include the 37043, 36942, 36789, 36698, 36662, 36444, and 35698 areas. Areas of potential technical resistance and selling pressure include the 48485, 48710, 49121, 49409, 50966, 52059, and 53150 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 41445.81 and the 50-bar MA (Hourly) at 42477.58. Technical Support is expected around 31639.47/ 29514.02/ 27271.02 with Stops expected below. Technical Resistance is expected around 46600.89/ 47726.76/ 49019.35 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage
BYBIT:BTCUSD.PLong
by MavRich_Trading
2
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