BTCTUSD trade ideas
BTCUSD: Bullish Breakout Above 26500Bitcoin (BTC) has broken out above the 25,000 resistance level on the 210-minute chart, indicating that the bulls are in control. The move higher has been accompanied by strong volume, suggesting that there is strong buying interest.
The next resistance level to watch is 26,500. If BTC can break above this level, it could open the door to a move towards 27,000 and beyond.
The RSI is also in bullish territory, which further supports the case for a continued rally. However, it is important to note that the market is still volatile, so traders should be prepared for pullbacks.
Overall, the technical indicators are bullish for BTCUSD. The recent breakout above 25,000 is a positive sign, and traders should look for opportunities to buy the dips.
Conclusion:
I am bullish on BTCUSD in the short-term. I believe that the bulls will continue to push the price higher, and I am targeting 26,000 and 27,000 in the near future. However, it is important to remember that the market is still volatile, so traders should be prepared for pullbacks.
Here are some additional things to consider when trading BTCUSD:
The price is still below the 200-day moving average, which could act as resistance.
The Relative Strength Index (RSI) is in overbought territory, which could lead to a pullback.
The market is still volatile, so traders should be prepared for sharp movements in either direction.
Bitcoin Aiming for downfallAs you see there is a huge consolidation in the price happening now .
BTCTUSD could not go above certain level for 4-5 times .
This is clear weakness ,it will go down .
Follow the idea and ask in comments any queries ,i will post the update how this is going in the coming days here in this idea ....
btcusdt cup and handle pattern on weekly btc is going to test the all time high if btc passes this area it will make may be 1000 % profit so catch up the chance from here i think newer highs is coming and gold is exremely bad dollar dominance drecreasing all you have to do put money in btc and wait for at least 4 months to sell at the top
Wycoff redistributionRedistribution and accumulation can look the same. The reason I support redistribution is that the PA around the spring area reads like creating enough bull traps to fully cross the huge support of 25.7 and 25.2. With all bulls expecting an runup to the top of the channel, no more buyers will be available to hold 25. Dropping hard and fast will scare any bystanders.
inb4 literally 27k by midday
bearish scenario for bitcoin if btc daily candle closes below 26400 next resistance will be 24400 until we reach the strong support on 15900 the market shows very big bearish signs with any bad news all targets may be achieved in one week so my advise it is not the best time to enter the market wait until the next bullish signal on the support shown in the chart
Bitcoin will go to 25800 once again before the next moveThe chart is very self explanatory ,in the previous post as well clearly mentioned the price will further drop and it is happening .This is not a good time to go for Long .
Price will touch 25800 before it makes a up move.
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Wait for a Breakout & PullBack In BTCTUSDWait for a Breakout & PullBack In BTCTUSD.
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