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BTC/USD Analysis: Bullish SequenceI wrote last Monday that the technical picture here had become more bearish, with the price dominated by a descending bearish trend line suppressing the price for more than one week. I foresaw lower prices as likely. However, I did think that the support level at $46,381 was likely to produce a firm bullish bounce if reached. I was correct to be bearish insofar as the price traded lower over most of the day, well into the New York session, before bouncing close to the support level at $46,381 and then rising ever since. I was on the right track as seeing that level as likely to be strong, although my call was not actionable for a long trade. The technical picture is considerably more bullish, as we have seen a succession of higher lows and higher highs over recent days. The technical feature which really stands out in the price chart below is the support level at $49,576 which looks very likely to hold if reached again, especially as it is confluent with the very major psychological round number at $50k. The problem bulls are facing is that although risk sentiment is quite good in the market right now, Bitcoin seems to be running out of steam in recent days as it gets close to the resistance level at $51,912. I do not want to take a short trade there as the dominant structure remains bullish. I am persuaded by the bullish case although I am not strongly bullish. I will take a long trade from any bullish bounce at either of the nearby support levels at $50,153 or $49,576 especially. Long Trade Ideas Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $50,153, $49,576, or $48,111. Put the stop loss $100 below the local swing low. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride. Short Trade Ideas Short entry after a bearish price action reversal on the H1 timeframe following the next touch of $51,912 or $53,201 or $53,853. Put the stop loss $100 above the local swing high. Move the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride.
BITSTAMP:BTCUSDLong
by SmoothJB
1
BTCUSD - almost signal for long positionMorning Traders, After price drop of 21% we can see slowly rising price. Price just Break through upper Tl of the channel – Resistance. Last candle (size of over 500$) may close over the top of the channel. Last candle may be the signal of long position. But be careful, some time next candle may return to TL to indicate that TL perhaps will be support. Also we have resistance level of 50,000$. I will wait for H1 candle closed above this level. Momentum is become strong on rising trend and approaching buy zone. Recommendation: Go down on the to H1 chart and wait what will happen with resistance level and situation with resistance on channel. Only strong candle (read long candle) we may have long position signal. Please do not forget to like this analysis. Thank you. Cheers, Jim
BITFINEX:BTCUSDLong
by jimmycdn
Early profit take indicator set upI have used 3 indicators here all settings are shown in the picture. This settings works best for weekly and daily chart. U can use in low time frame but will be a little bit difficult. 1.bollinger band basis. -- for early reversal ** candle cross Bbb is the 1st sign of reversal ** Turned off upper and lower band from settings 2.hull suite-- for secondary confirmation 2.hull moving average-- for final confirmation I u find this set up helpful and useful Plz help me also Usdt Trc20 --TNPS8wmWSiw3uXJpHugFeG2R2hWoD6t7hQ Btc bep20---0xe55ad4b97cdaf233383c2991bfcb5515bf9c1a1b
INDEX:BTCUSD
by didarulqb
BTCUSD 0 what is happening? God morning Traders, very interesting situation on Bitcoin. We have few support and resistance levels (not zones). Rising price created rising channel and price is on resistance line. In channel there are two lines – bottom is support and upper line is resistance. Also we have resistance on split candles (52060) and on Doji (53069). but first we have 50000 resistance. If the price will ris above 52060, then there is possibility to open long position after candle that close above that specific level. Those levels should created significant resistance for the price to rise higher. For the passed 250 years Japanese traders saying that “essence of the price changes is real body of candlestick” – open and close price. Do not ignore this old wisdom. - Level of 49275.4. Most of the traders looking for SR level on Highest and lowest price. This is wrong. But check on the chart yoyr self where is SR levels. Wisdom saying - that Is not highest or lowest price is important but the open and close price. For the support level we have: 49000, 48000 and 46584 levels. Price remain on the top of the channel, then we should not open long position. Within 30% of the channel if the price will start going down then we can open short position. But price reaming over support level of 50000. So be careful. Momentum is on very high level -in zone of buing. But last peak stop price from rising higher. If price will start droping (long candle) we will be able to open short position. Do not forget to click on like this analysis. . Cheers, Jim
BITFINEX:BTCUSD
by jimmycdn
2
BTC: Retest of 55k first, back down to 35K is next.Dear Crypto Degenerate, As the weekly tops and bottoms indicator (below the chart) shows we're having more sellers then buyers(only 33% are buyers) and the price is underneath the local support line (blue line). Bitcoin is ready to retest 55K before dropping into the crypto abyss. Short at 55K, Take profit 35K... is my opinion based on new bearish trend on the daily also, Wish you a lot of money and fun. Cheers, The Crypto Weatherman
COINBASE:BTCUSDShort
by The_Crypto_Weatherman
NeutralHi guys, if we see bitcoin in weekly time frame and from another angle we can see an uptrend wedge, I predict three scenarios for the next move. , Scenario 2: Reject Bitcoin 53 but suffer for a while to stabilize above it and continue to climb again. Continue the upward trend and finally be able to pass 53. You should always look at the prices and use the trend based on their proximity to each of the scenarios, also keep in mind that if the uptrend breaks, the whole scenario is void.
by Mohsenzanganeh2021