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Btcusdlong

BITCOIN WEEKLY UPDATE: BULL RUN IS AROUND THE CORNERGreetings, traders. It has been a good new year start with BTC moving up and good gains in the altcoins lately. Note: This is an important update so do read it till the very end. It will be much better if can spare your valuable time to read this update. Today, I want to share with you all a thorough analysis of bitcoin and where the price is going to head next. Highlight: It has been a long 420 days of a bear market ever since BTC hit the new all time high. Things have been pretty rough but that's part of the game. In a shorter timeframe, BTC has broken above the $17k resistance line which is good for the market. Weekly Analysis: In the weekly timeframe, BTC is resting under the support and resistance horizontal line. These two lines are going to be crucial for BTC and the entire market. The resistance is based on 2017 all time high and the support line is based on the 2019 high. Now, the supporting trendline (in white) shows how BTC has maintained it and BTC actually started rallying right after it hit the lower trendline. The resistance trendline shows the next bull run target for BTC which is beyond the $100k target. The RSI is at the oversold range which shows a positive indication of a massive rally coming soon. Bull Run: I believe the bull run is around the corner but before we see a rally, we may witness one last drop. From the current price, BTC can reach up to $18k to $19k, and then it may take drop back to $15k or below it. With such bullish hype in the market, things look skeptical and it could head in any direction. But one thing is clear if BTC has to drop then the support level will be between $13.9k and $14k, and if BTC has to rally then it must surpass the resistance of $19.9k to $20k. Key points: 1. Support level: $13.9k or $14k. 2. Resistance level: $19.9k to $20k. 3. Entire social showing bullish news (which could be a trap). 4. RSI indicates a bullish rally. I hope this update was helpful. Do like, share, and comment to show support for our community. Thank you so much and trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
9
BTC prediction long with entries and tp'sThe chart is pretty straight forward. Presuming we dip down in price due largely in part to the anticipation of CPI results; I'm of the mind that we will tap bottom of the current local ascending wedge , and then build a strong momentum upwards out of the current local trend and at least to the first point ive marked tp1. I am assuming in this scenario, that the CPI results will come back favorable. The current forecast is a lower rate, in turn i hope to see this be a catalyst for a liquidation hunt to the downside where i can catch a solid entry. And finally, when the news is released and the results come back as expected; price SHOULD rise rapidly along with volume . (i have seen opportunity in this moment to catch a strong position as well. Volatility can increase quite violently, sending price in either direction, gifting the opportunity to enter at a possibly much better price point!) As always, not financial advice. But if you were to utilize the price points marked on the chart for your take profit levels, please keep in mind that it would take a VERY strong rally, with a build up of momentum familiar to that of a bull market push. Now even with a bull run that sweeps us out from under our feet, tp4 is really pushing the limit. My opinion stands so that the odds of reaching that height are slim to none, and may be better left out of mind. However, tp2 and tp3 feel like viable targets based on the increase in volatility we are already experiencing. Momentum will follow as we build liquidity this week, and.. WE MAY GET A GLIMPSE OF A BULL RUN BABY!! Good luck everyone. And while ive not included a SL in my chart; understand the R:R ratio you are comfortable with, and choose wisely!! Remember as well my brothers and sisters, our dear old friend is always lurking. And he will hunt down a sloppy stop. Be wary the market maker and lets enjoy this ride!
Long
by AomoriAkuma
Why I believe the Crypto & $BTC market bottom is in!Reasons why Bottom is in! Using our 2day Candle system both Ethereum and Bitcoin passes the buy rules, it has a 75% success rate of correct calls! Previous cycles have shown bottom was found 17-18 months before Bitcoin halving, December 2022 marked 18 months! On the weekly the Stoch RSI currently in an uptrend and with a Higher high printing. The MACD Bullish too. Using the weekly candles, the 2017 top to 2018 bottom was 52 Weeks, The 2021 Top to current 2022 bottom is 52 Weeks. The 12 day candle has the MACD UPtrending for 5 bars. When this happens it usually signals we passed bottomed. Using the 2 week Gaussian Channel in 2015 the channel turned red, by that time the market had already found the bottom. The only other time it went red is this week, Bottom in? In January 2019 The Money Flow Indicator (MFI) on the monthly printed oversold while the stochastic RSI HAD 11 months oversold. In January 2023 again MFI oversold and Stochastic RSI has 12 months Oversold. There is also bullish divergence. In my mind I rather be in Bitcoin or cryptocurrency as in my opinion the bottom is in unless something left field occurs.
BITSTAMP:BTCUSDLong
by GlobalTrader_
Bullish for bitcoin confirmedHello as we mention in latest bitcoin analyze, bitcoin in going to touch 18000 in short-time. its very good time to open long position . all you need to know is in chart. good lock The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe. For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k. So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must. Key points: 1. Expected target: $18k. 2. Invalidation point: Close below $16.6k. 3. Confirmation: Breakout above the blue box. Thank you for reading. Stay healthy and trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
6
BTC will start to ramp up within the next 30 days. Just education here, not financial advice as you can stay in cash or whatever you want.... We are on thin ice for sure. Although the long term trend is still in the selling direction (next stop around 13.7k if we break the ice).... There is still a small chance that is definitely not a popular opinion we break in fact to the upside as everyone is definitely scared, turned off, bored, and screaming for lower prices due to the economic and or government issues around the world. I have to say this one would be one for the books as most people are looking the other way. I know the elites want the poor to buy BTC below 10k.... NOT EVER! Whelp I wouldn't mind adding more at 10k or below, but all these scrums still screaming for that 10K got me thinking.... We may not ever hit the mark. I guess I will believe it when I see it. Good day! Much Love!
INDEX:BTCUSDLong
by CryptoVallster