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Bitcoin | Big Move Coming..!!#BTC (update) In daily timeframe Chart, Bitcoin has been forming Descending Channel Pattern.. At the Moment, Bulls Facing 50k Crucial Resistance, If Resistance got Cleared, Expecting bullish Wave towards the 72k (New ATH) in coming days. In Bearish Scenario, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 40k Support Area (MA128) MA128 (40.8k) Acting As Key Support, In Late September, Bitcoin Bulls Defended it well.. (In Worst Case, If Bitcoin Bulls lost this MA128, Bitcoin Might Retest the 27k Area in Late October) Since 30th July, RSI (Relative Strength Index) has been Moving Below the Trendline Resistance, If we break the RSI Resistance things could heat up quite easily.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
7
Short squeeze likely this week to 60k then to 110k by Nov 2021As you can see in the Binance futures platform statistics, there are a record number of shorts compared to longs. You can even check for yourself : www.binance.com Many people are expecting BTC to go down this week. I say this is incorrect considering there are many trapped shorts under $47,000. The market makers, exchanges, composite man won't allow these trapped shorts to get out. Always remember who the stakeholders are in this futures market. It is designed to liquidate as many traders as it can. This is how liquidation engines work. I expect a short squeeze continuation this week to $60k, then a gradual climb to $110k by Nov 2021, which will likely mark the peak of the cryptocurrency bull market.
FTX:BTCPERPLong
by ToshihiroHiramatsu
3
Bitcoin Slip below 40K, is it good to buy?!Bitcoin dropped briefly below $40,000 for the first time since August. I will looking for buys after bullish confirmation - for me it will be 5-wave + 3-wave structure which will show impulsive bullish formation. This combo will allow us to buy in safe zone with fine stop loss leverage. Yesterday I've took few risky short-term trades DOGE and AVAX which gave good profits ±150% x10 leverage, and tried to scalp long in SOL but closed with stop loss. I think today market will give us another good opportunities among altcoins. Right now market facing fears from the debt crisis at China Evergrande Group and expectations that the upcoming Federal Reserve (today) meeting will signal a scaling back in asset purchases later this year. Make sure you are following US stocks market situation, cause correlation between crypto and stocks back to high levels.
INDEX:BTCUSD
by ArShevelev
3
ETHXBT Trending Lower Towards 0.064Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETH/XBT) is trending lower in the short term despite the recent short term bounce. Resistance was hit by the long term moving average MA. Expectations are for a leg lower, with the next level of support observed around 0.065. A negation of this view will be a sustained cross above 0.072. Technical Indicators ETH/XBT is currently below its long (200-MA), medium (100-MA) and short (50-MA) fractal moving averages, after hitting resistance from its long term MA. The MAs are trending lower with the long term MA above the medium and short term MAs and the medium term MA being above the short term MA. This is consistent with a continued downtrend. The RSI is also below 50 and the KST recently had a negative crossover, complementing the leg lower in the cryptocurrency cross. Recommendation The recommendation will be to go short at market, with a stop loss at 0.072 and a target of 0.064. This produces a risk/reward ratio of 2.24. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to ETH/XBT.
Short
by Ceddy86
Bitcoin 21 September 2021. Trying to break the ice.Bitcoin price roll down -18% yesterday and now settle at 42800. This week I see price action within sub 44800 range, before any major breakout will happen. This time alt market will face short-term pullback, so we might get a good trades. Keep your eye on global markets, correlation between crypto and stocks are back to high levels (chart below) Stay focused on marked during Wednesday closing and be ready for the move in any direction. Best regards Artem Shevelev
INDEX:BTCUSD
by ArShevelev