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Xbtusdt

BTC consolidation Looking at the charts BTC moved up as predicted. It's hit the upside wall at the 23.8K level. Now begins the consolidation phase where btc travels sideways and reloads for another move. If that consolidation phase bounces across and slowly moves down BTC will form a bullish flag for another move forward. That's the formation I'm watching for. In these sideways markets look for ETH to move up. Typically ETH moves after a BTC move and cooldown. Look for a touch somewhere in the targeted yellow area marked on the chart.
by MrInvertigo
5
Bitcoin decision today or tomorrowBTC printed a small bearish flag (red on the chart) and it had a short drop this morning. Outside of this drop Bitcoin has a trading channel that is cycling down to a decision. Bearish scenario breaks down through the current channel and Bitcoin can draw down as much as $17280 before reaching another support level. Bullish scenario breaks through the current channel and cracks the all important psychological level of $20K. This will fuel news stories and more money moving into the Bitcoin network. Bitcoin will decide today or tomorrow.
by MrInvertigo
3
BTC/USDT - Wait for correction to end and find supportThe bull momentum in BTC has shifted after nearly touching ATH level (1% below it). This is not surprising as it was unlikely we will pass ATH at the first try. See past experiences. Before we can get another try at ATH, we need to correct and find support. We are currently testing the 78.6% Fib level as support at 16k which is likely to break and we go lower. 14k is a key level with a high probability to stop the correction and push us up again. Historically, BTC turned back to bullish mode after 30% corrections in a bull trend. A break under 13.5k will push us lower and may signal a longer correction is due. Therefore, we need to be patient and see the price action at the key 14k level before we can have a confident approach for the next steps in BTC price. Until the correction is over, the bias is bearish and you can aim to short BTC with a target at 14k. For that wait for the price to get under 16k and retest Fib 78.6% level as resistance and short the next wave down. Long term, BTC is extremely bullish, so look for longs once BTC finds support.
Short
by DU09
1
BTC in a Range , Who will Win in This Battle?Hello Dear Traders, (Crypto Market Cap : 441Billion , BTC Dominance:64.4%) After Touching 16k Area ,This is 4th Day in a Row BTC is in a Tight Range Our Supply Zone is Between 15600-15900 Our Demand Zone is Between 14400-14800 Today Weekly candle closed Strong bullish , also today was 4th attempt to cross supply zone bt again declined hard and btc dumped back to demand zone ,likewise bulls also reacted very strong frm demand zone and price recovered very fast and trading above 15300, in this battle of BTC bulls and bears , ALTCOIN market dumped to an average 4% in next 2-3 days Price will break this range with good amount of volume. Today after Announcing Successful Covid vaccine trails ,Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from $15,800 down to a daily low near $14,815, As we Know BTC and Dow jones are decoupled , Today DJI gaped up and was strong bullish bt BTC was declining this is sign tht BTC is going Independent path. Right Now market is Extremely Volatile and uncertain so we are avoiding Trade Setups bt we will be back after range breakout of BTC Please share your opinion and leave a comment and / or give it a like. This trading idea has been presented to you by ROHITWORKSS
by mbn_global
Decending channel in rsi and market ?Alright, take a look at these trend lines ... Market shows a descending channel(Inside a big ascending flag for now ! ...) Rsi formed a descending channel since a week ago ... If you take a look at high tf such as daily ... And also if you know about price actions, you can easily see that market needs a correction ...(Come on guys! it was about 3k pump :|) So, you can see possible targets here and there is no need to mention them here ... If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe and GOOD LUCK(ALWAYS WEAR A FACE MASK!).
by AminHa4