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BTC/USDT Continuation ProgrammedBTC/USDT Updated Chart. We are looking at the current state of BTC and the different zones BULL/BEAR zones that surround us. We are in a sideways neutral zone now, with RSI indicators to continue buying. We are looking to test the 50k resistance again soon. If this plays out as anticipated we can see test of 50k then a pull back to support and then a strong push forward up into the forward bull zone. The other option would be to test support now then push up to 50k. If the support is violated in any way we must use caution in all trades and downsize positions. Stay tuned, and follow for more.
Long
by UnknownUnicorn28488832
BTC profit channelBTC seems to be quite predictable last weeks. The reason is H1 channel, that shows us flatting downtrend of BTC. As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again. If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort. If buyers continue to show the interest, there will be a chance to go to 35000 and even higher. Anyway, 2 major channels H1 and H4 are showing a permanent downtrend. Be careful and mention it in your trades.
by Scalper_Season
Buying BTC - just another time for a good bounceBTC is still moving in the local flat zone. It couldn't brake through the level of 35000. Too much sellers appear in this zone. Some more FUD from China is also pulling BTC down today. So what do we have and what to expect soon? Technically, we can see that BTC has braked both H1 and H4 downtrend lines few times. So here we can speak about an effort to build a new H1 uptrend line. And this is a good signal to buy BTC. We expect some more correction and a bounce from the major support zones of 31000 - 29000 soon.
Long
by Scalper_Season
BTC weekend sale is over - what's next?BTC weekend sale is going to be over. This weekend BTC followed the correction movement and now is very close to the strongest support level of 31000. This fall was due to several reasons. The anticipation of some traders for a “Cross of death” that may show a signal from bullish to bearish trend. More news for another ban by the authorities of the Chinese province of Sichuan, which ordered the miners to stop their activities until July 20. Re-establishing correlation with all stock markets. But all this negative will not negate the growth in the medium term. Miners will be sheltered in other countries. BTC continues its legal way. The inflationary expectations are only in favor of Bitcoin in the medium term, since Bitcoin is the most inflationary of all assets. Scalper Season analytics have an idea that BTC is going to retest the strongest support level of 32500 - 31000. It can happen soon, as a result of last impulse. Than we can see the return to 37000. If there will be enough buyers (we know it will), BTC will continue to grow and will rich 40000. More USDT was printed last days, so it’s a good time for whales to begin shopping!
Long
by Scalper_Season
2
BTCUSD BULLISH BUYING PRESSURE ZONE What up everyone!? It seems like we were right with our analysis for now. BTC hit our target (C). Check the analysis before. Now we are in a big bullish buying pressure zone (black). It will be interesting how fast we can break the bearish selling pressure zone (yellow). I personally wanted this to happen, and I follow the system. So I reentered the markets. I bought more BTC and ETH for now. Long term view: I don't see any technical or fundamental reason that the markets should go further down. Most likely we will see a consolidation (sideways move). Nice to see how all the hype buyers are now out and stupid money lost again. We are back to the Elon candle, that in the past caused the markets to further up with no real reason. Just hype! That's why I sold 50% of my holdings at the top. Lets get it!
BITFINEX:BTCUSD
by MiguelVees
BTC/USD correction finished?So price hit 30k and this is a little higher than 0.618 Fib. Now this is healthy correction. On 4hr we can see that wave C have 12345 form and wave 3 completed. Now we are waiting for wave 5 and buy it. First target after correction finished is 52k as 50% from ABC correction. But make it clearly correction is not finished yet. You can buy it in 27-37k range. If it goes under 27k, this is not healthy correction and things can go down to 16k etc. So be reactive and keep calm. BTC and all cryptos will raise UP anyway, but now we need to get this correction and wipe all random buyers out.
COINBASE:BTCUSDLong
by Fridrex