Cryppto
everyone is bearish on btcusd... thats why im not.coming into the close btc has observed crazy action to the upside on the daily. grappling with a completely indefensible position has created sell volume that has lead to a bounce. if this continues it wouldnt be surprising to see above 33k, and if it fades it should stay supressed and revisit 30k.
#BTC/USDT 4HOUR UPDATE !!Hello, dear traders welcome you to this BTC/USDT 4Hr chart analysis.
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#BTC/USDT ANALYSIS
BTC/usdt bounce for the green zone and hold this price level of $28k and EMA is acting as resistance. The MACD crossover is showing bullish momentum. We can expect further consolidation in the current range until we see a sustained breakout/breakdown.
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BTC BULLISH CONTINUATIONI CAN SEE BTC TRENDING PROPERLLY TO THE UPSIDE CONSISTENTLY. BTC HIT BOTTOM TREND AND IMPULSED IM EXPECTING A RETRACE OF PRICE BACK TO AROUND 53500 KEY PRICE LEVEL TO FORM SOME SORT OF HIGHER LEG DOUBLE BOTTOM AND CONTINUATION OF BULL IMPULSE TO THE UPSIDE . PRICE TARGET?; 77K?, 80K? LETS WATCH AND SEE.. BTC TO THE MOON .. AND DONT FORGET A MOTHER TAKES HER KIDS ALONG WITH HER (WATCH OUT FOR POSITIVE CORRELAING ALT-OINS AS WELL)
Simple BTC idea on the weekly timeframeA clear and simple prediction about the BTC on weekly timeframe.We have strong Resisstance level which looks soon to be reached and be hold.With proper Risk Managment we look to place stop loss 1atr above the resisstance area.If you never used ATR(average true range) go check it.It will change the way you trade and is very simple to use. The second thing we have is the area where we are looking to Take Profits and as you can see the Risk to Reward is about2.
#bitcoin bull intact? "To the Moon" update.Green MACD Histogram got off to a start with a peak in VOLUME OSCILLATOR (Volume Oscillator not to LOG but Histogram Format with pink horizontal line added in to highlight zero) previous study needs to be set aside. Have included all such set-ups back to 2013. Have also included some RAYS of closing prices which I'm interested in keeping watch on from another study I've done but not published, as I think it's too subjective.
Had to decided whether trend line should be drawn from the joining up of the last two fractal lows in which case trend line has been broken or wait for a fractal high followed by a fractal low to form the trend line. I have chosen the latter. After forming fractal low price could travel sideways a bit so may have to adjust the trend line with any sideways movement etc.