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Btcusdttrade

$BTC range between $58k and $78kCRYPTOCAP:BTC has formed a rising wedge that it broke down from. What would make the most sense to me here is for BTC to test the top of the rising wedge to confirm resistance and then to break down to the lower support levels between $58k-60k. After that I think we'll then go up to test the top of the range between $76k-78k (which I believe will be the final top for this move). This should all play out by April or by the 1st or 2nd week in April. Regardless of the path we take here, whether we do go down in the way that I said above, or whether we go straight up to the resistance levels, I do think that once we get to the top of the range, you'll want to sell that region. I don't think the top is in quite yet, but we're close. Many of my alt charts still have levels to the upside that haven't been hit ( Mask , Flow , Etc , and a couple of others), which leads me to believe we still have a little bit more to go in the bullish run. Once we hit the top of the range and many of these alt charts play out, that's when I'll be protective in my positioning. I'm cautious right here just because of the risk that we go from here to that $58k-$60k level. If that happens, alts will suffer badly. I want to be in cash to buy the bottom of the range for the last move up. Tl;Dr: buy the bottom of the range, sell the top of the range. Let's see how it plays out.
COINBASE:BTCUSD
by benjihyam
10
BTCUSDT at 4h support, likely to bounce towards 60000Here is a new long trade idea. The last trade got stopped out in spite of the price bouncing from the support we identified. The price has currently moved lower to a 4h support zone 4HS1 and likely to bounce from here to provide a long trade opportunity. If this support breaks then we are likely heading for weekly support WS1 around 51000. Since the momentum is on the downside and the current support 4HS1 is not that significant, I am keeping the position size small. The resistances on the way up are 4HR1, DR1 and WR1. For this trade, we aim for the first resistance 4HR1 and depending on how it reacts there, we can aim for DR1 with a partial position size. Lets see where we go from here. Let me know what you think in the comments.
Long
by angela_altair
BTCUSDT at daily support, likely to head to at least 66500We expcted a pullback from 4h resistance 4HR1 and thats now a reality. The price has been rejected from 4HR1 and now it has come down to the daily support zone.Our decision to take profit at 4HR1 and then look for long opportunity on pullback was a optimal one. According to my mention in the last post, I am sharing the setup for the new long opportunity on this pullback.The price is likely to bounce from here and head towards 66500 zone at least. Lets see where we go from here. Let me know your thoughts in the comments.
Long
by angela_altair
BTCUSDT at weekly support, likely to bounce hereWe were right at unloading the position there mentioned in the last post while it was still in profit. The price has gone down drastically from that and that 4h support did not hold. Now the price has come down to the weekly support WS1. I think there is good probability that the price will find support here and there will be good bounce for having a long trade opportunity. I have presented a long setup here. At first the idea is to aim for that daily resistance DR1 but we will reevaluate the price action on the way to decide about keeping the position and also take profit along the way. Let me know what is your take on this.
Long
by angela_altair
BTCUSDT to head upward towards 72000-73500Here is a trade idea on the long side for BTCUSDT. The price has been trading under the hourly resistance (removed from the chart, but can be seen in the connected post) and now it has trading inside that zone. I mentioned in my last post that I am inclined towards an upward move and I think it seems more plausible with the price action shown in past hours. The target of this long trade is the daily resistance zone which is around 72000-73500.
BITSTAMP:BTCUSDLong
by angela_altair
2
BTCUSDT rejected from daily resistance, likely to visit 66600So here are the various support and resistance levels which are relevant for the current price action. The price has been rejected from the daily resistance DR1. It tapped the daily resistance DR1 and started moving down. The first support is the hourly resistance and the price may bounce here temporarily but not significantly. The next significant support is 4h support 4HS1 and I think the price will bounce enough there making an opportunity for a long trade. Lets watch it patiently if we get that pullback and if yes when do we get it.
BITSTAMP:BTCUSDShort
by angela_altair
BTCUSDT heading towards daily resistance around 72000The price was pushed down by 4h resistance 4HR1 as we were expecting. The pullback happened and the price went below the 4HR1 zone. I believe we still have move to the upside left and soon the price will continue its upward journey towards next resistance 4HR2 and then very likely towards DR1. Now the question is if the price will start moving up from here or does it have some more downside move left. I think the price will not move down significantly. It might reverse from the current level or it can go to the level B marked on the chart in the best entry case scenario. I am scaling my position up between A and B level.
BITSTAMP:BTCUSDLong
by angela_altair
BTCUSDT heading towards daily support around 60000The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price has a high probability of bouncing from the dark green zone. I will take a long from the green zone scaling more into as it goes deeper there.
BITSTAMP:BTCUSDLong
by angela_altair
2
Btcusdt sell Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis. Bitcoin price set up a new all-time high of $69,210 on March 5 on the BitStamp exchange. BTC volatility seems to have dried up, leaving it consolidating above the $61,782 support level. Confirm signal
Short
by JohnHarry_7
BTCUSDT likely to move further up and set a new all time highThis is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its always not a very significant ones. The price has found the way to move beyond it after initial push down towards 59k level. It seems that the price is going to close above the WR1 zone and that will open up the way to more upside moves. There is no need to be bearish and if you in a position, it makes sense to hold for now. Today's weekly close will probably confirm our hypothesis.
Long
by angela_altair
BTCUSDT likely to move higher from daily supportThe price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
Long
by angela_altair
BTCUSDT at daily support, likely to bounce to 46900The price was pushed down by the weekly resistance 1WR1. This was a significant drop which made the price drop by almost 15% from the recent high. The drop made the price land into daily support which is a strong support zone as there had been long accummulation in this area and therefore a sound bounce is expected from here. I think a long is favorable here. It is likely that this drop marks the bottom for the next leg up clearing the recent high. However, we focus on the current trade opportunity which has teh target of weekly resisatnce.
Long
by angela_altair
Unpopular opinion, but someone had to do itCongrats all Bitcoin holders, on breeching the $45K mark. However, take caution if you're derivatives, or keep your eyes peels if you miss the boat and are looking to get it. Zoom out. Go to the weekly time frame of BTCUSDT. 1) BTC is approaching a weekly liquidity grab zone (46,382 - 50,268) 2) I'm looking at a liquidity grabbing event at that area, with an average of 15-20% dip on BTC price (yes. slam me, flame me, hate on me). 3) If dip happens from 47,374, it should fall till around (37,630 - 36,207) If dip happens from 50,268, it should fall till around (40,220 - 42,591) Of course that said, this is crypto. In this wav 2 bull market, FOMO is real. Not surprise even if BTC "Moons" till 64,000 levels. But I'm confident of a strong liquidity grabbing event before any real consistent push happens. Analysis are purely my own thoughts. I'm not a pro. So take it with a pinch of salt
Short
by lesnermj
2
BTCUSDT ready for breakout to the upsideThe price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.
Long
by angela_altair