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Btcusdsignal

BTCUSD | Perspective for the new week | Follow-up detailsIt took a whole 3 months for the price to move over 17,000 pips in our direction since my last publication on this pair (see link below for reference purposes); that is approximately 83.7% growth in 3months! And following the sudden loss of $10,000 during last week trading session (7th of Sept 2021 to be precise), the price has remained untypically stable with high hopes of breaking the $46,000 landmark (Key level) in the coming week(s) and this feat (Breakout) could possibly incite a significant rally. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. Since price broke above and retest our Neckline @ $40,000 in August 2021, we have witnessed a 41.65% growth to hit a peak @ $53,000. ii. The line drawn under pivot lows is a visual representation of increasing demand for BTC and this also reveals the prevailing direction of price action in the last two and a half months. iii. At the time of writing this report, the price is presently at $45,900 and the current price sharing a confluence with the pre-existing Trendline could be another clue for a rally continuation if the Trendline is not broken to the downside. iv. At this juncture in the market, we can not ignore the possibility that the Trendline can be broken to the downside and if this happens, I have identified a range around $38,000/42,000 for the opportunity to take advantage of the trend continuation hence patience is key. v. This been said and considering volatility expectations, breakout/retest of the Key level at $46,000 remains comfortable for me to take a long position on this pair in the coming week... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 18,000 pips. Risk/Reward : 1:6 Potential Duration: 12 to 25days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
1
Bitcoin in Correction mode. Will Hit 42.5K zoneBitcoin has broken lower channel have retested it. At this stage next support it can find is at 42500 zone. Most probably it should bounce off this support. However if it is unable to hold this support, then next support is at 40800 zone. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
3
Bitcoin targeting $33K, and dropping to $32K!!!BITSTAMP:BTCUSD Bitcoin as we know is overall bearish on Higher Time Frames. I mark off my daily balanced-price key-levels and look for support or resistance. Currently we are resisting a key balanced price level, the recent buy trend on the smaller time frames was a run on buyside liquidity to indicate manipulation and accumulation to ultimately distribute to the downside. Price offered 62% premium to sellers and we are currently seeing new orders being placed at $34,500 key level. Price will return back to $33,000 and ultimately drop through to $32,500. Marking off the mirrored ranges on the 1H indicates that this current range is fulfilled and the accumulation is coming to an end. Distribution will begin to unfold, targeting lower prices based on the resistance we are finding within the balanced price range from the daily level. If you notice on the 1H there are bigger mirroring-ranges (red ranges) that total roughly 1955 points each, and smaller mirroring-ranges (blue ranges) that total 1290points each. The current range has been completed at 1955 point roughly, so it is now time to get back in line with institutional order-flow and overall directional bias; thus, distributing back down to lower prices and beginning a new smaller mirroring-range. It is currently Monday morning in China as I right this at 10PM EST, which tells me we will see the Chinese version of NYC volatility tonight given China controls a lot of the bitcoin, "so I have heard at least." With all of this in mind, I am bearish on Bitcoin for a day trade/short term trade back down to $32,500.
BITSTAMP:BTCUSD
0
by UnknownUnicorn10943902
BTCUSD | Perspective for the new weekThe volatility of Bitcoin during the course of the weekend continued with a sudden drop to $33,500 which was immediately followed by a sharp recovery by a couple of thousand dollars. In the last 3 days; Swings at decisively overcoming the $40,000 (Neckline and Key level) barrier proved abortive as every attempt was met with a vigorous rejection dipping further into the $33,500 area. With the appearance of what looks like a Double bottom structure ( a strong reversal pattern) at the Demand zone indicated on the chart describes a "potential" change in trend and a momentum reversal from prior leading price action, I look forward to a rally in the coming week(s) with Breakout/Retest of Neckline @ $40,000 serving as a signal for entry. Tendency: Uptrend (Bullish) Structure: Impulse Leg | Supply & Demand | Double Bottom (reversal pattern) Observation: i. The appearance of a Double Bottom look-a-like describes the drop of price to $31,100 area, a rebound to $40,000 area, another drop to a similar level as the original drop, and finally, another rebound appears to build at the time of this report. ii. In this regard, the twice-touched low is considered a Support level (Demand zone) for a future buying opportunity. iii. The Double Bottom following a major downtrend (Impulse Leg) which began on the 10th of May 2021 signals the reversal and the beginning of a potential uptrend. iv. For me, the second Key level @ $34,500 shall serve as a borderline for buying opportunity as anything below this level shall be invalid for a potential rally. v. For the very cautious traders who prefer to be on a safe side :), a Breakout/Retest of Neckline (Key level I) @ $40,000 ( a psychological level) might be a comfortable haven for a rally continuation... Trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 1,700 pips. Risk/Reward : 1:19 Potential Duration: 7 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
BITSTAMP:BTCUSDLong
by darcsherry
don't miss this great opportunity for buying bitcoingreat opportunity for buying bitcoin I see 3 confirmations to make this amazing long trade 1- the strong key level that contains support and resistance 2- the price starts to make down channel and following the down channel strategy I see the price touch the downtrend on the channel that aligns with the key level so this is the perfect place to start buying from 3- divergence on RSI indicator, amazing signal for trend reversal so after these confirmations, I don't want you to miss this good opportunity for buying bitcoin with me :)) #EG_Finance TRUST THE PROCESS
BITSTAMP:BTCUSDLong
by UnknownUnicorn9076755
3
BTC/USD To Test $50323Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 50184.12 level after trading as low as the 49136.93 level during the European session, with the interday low below the 23.6% retracement of the depreciating range from 55469.98 to 47464.65. Traders pushed BTC/USD as high as the 50298 level during the European session and later buying pressure saw BTC/USD test the 50% retracement of the recent depreciating range from 51056.56 to 49136.93. Chartists observe that recent lows represented the pair’s weakest prints since early March. Several Stops were elected during the recent sharp move lower including below the 59734.61, 56539.69, and 53957.50 areas. The recent lifetime high of 64899 represented a test of the 64835.59 area, an upside price objective that is technically significant based on buying pressure that emerged around the 16200 area. Significant Stops were also recently elected above multiple upside price objectives during the sharp climb including the 61065.64, 61463.38, 61732.54, and 62026.52 areas, levels related to buying pressure that originated around the 9819.83, 17580, and 16200 areas. Additional upside price objectives include the 66200, 66739.76, 68674.28, and 68973.24 levels, areas related to buying pressure that originated around the 16200, 17580, and 9819.83 levels. Potential technical support areas during pullbacks include the 48180.39 and 47698.96 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 53995.98 and the 50-bar MA (Hourly) at 50022.49. Technical Support is expected around 47464.65/ 46556.35/ 41851.15 with Stops expected below. Technical Resistance is expected around 64899/ 66200/ 66739.76 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 Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
1