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BTCUSDC trade ideas

**The destiny of Bitcoin is to be determined soon**Hi, Traders ! Monfex is at your service ! Please find below our multi-chart (1D/1H) update on Bitcoin's price dynamic. * Bitcoin's market forces have found a solid equilibrium around an important $9,300 level. * The price resides at the key point of determination: either the Bulls will push it off $9,300 and sweep it up to the mid-term target of $12,000 or the Bears will force it down to the nearest Support at $8,500 - $8,600. * In any of the presented scenario, we should watch for the price action (instant momentum), accompanied by (increased) Volume in either direction. Only after that, we could enter a trade on a break-out of the nearest (minor) S/R levels. * Both indicators, RSI & MACD, currently reside in a Neutral position. General trade guideline Buy if breaks-out above $9,600. Sell if breaks-out below $9,200. Buy Target: $10,500 (Nearest) / $12,000 (Mid-term). Sell Target: $8,500 - $8,600. Stop-loss: 200 b.p. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
Further drop was widely expected! Important weekend Update!!Hi, Traders ! Monfex is on the air ! Bitcoin demonstrated nothing short of a roller-coaster week: the motions were too fast for the eyes of crypto market players to follow. * At first, the price of Bitcoin slumped to a five-month low of around $7,000, making the majority of market participants think that the drop would likely continue and we could soon see $6xxx area. * But later, the price suddenly spiked to over $10,000 – the occasion that has left market analysts scratching their heads as to the reason of the instantly changed market environment. * At the same time, we did issue a Long signal that day (), but we expected only a minor rebound to $7,700 - $7,800 area. * In the lead-up to Bitcoin's crazy price action this week, bullish Bitcoin traders were staying calm and confident about the market - projecting it will explode over the next couple of years. * Namely, a widely-respected BTC analyst PlanB, who invented the so-called stock-to-flow BTC pricing model, refreshed his projection on Bitcoin's price to reach $100,000 until the end of 2021. * Overall, we think that this bullish explosion will not subside in the short-run and the positive moods could push the price higher - to the next target at $12,000. Active trade signal Buy @ $8,500 - $9,300. Target: $12,000. Stop-loss: $8,200. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
**Bulls are getting SQUEEZED and here is WHY**Hi, Traders ! Monfex is at your service ! Bitcoin is under severe pressure: bears keep pushing on aiming to knock bullish Support area around $7,500 - $8,000 to pieces. From the technical standpoint, it still looks like a protracted correction and it is quite hard to descry the point of market equilibrium, so we need to get additional confirmation before jumping in either direction. * We are partially closing our speculative Longs since the price drove through $8,000 once again. * From now on, we are precisely careful with Longs until we see, at least the short-term, bearish rejection. * So we watch closely for any sizable impulse up & the break-out of 1H descending channel. * Until that we are staying in a Hold Mode. Shorts are possible on price spikes & in case of the further break-down below $7,500. Short-term trading strategy ? * Watch for break-out of 1H channel to enter speculative Long. * Watch for price spikes after an impulse up to go Short. * Watch for the price action down below $7,500 to enter Short. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
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The Spring is tightening, but which way it will unfold?Hi, Traders ! Monfex is at your service ! What is going on with Bitcoin so far ? * The battle between bulls and bears around $8,000 is not calming down, and the spring really becomes clenched. * The price has temporarily stopped by the middle of 1D descending channel signalling that market participants took a break in order to determine a further direction. * On 1H price made a second attempt to break above a minor resistance at $8,250, but yet unsuccessfully. * There is an obvious Volume accumulation area around $8,000, which still stands out in favor of bulls. * The further development of the situation is rather ambiguous and depends on the strength of bulls and mainly the state of the Bull exhaustion. What should we do ? Be ready for both scenario: * You can try a speculative trade from around $8,000 with a target at around $8,500. Tight stop-losses (about 100 b.p.) should be used. * Should the price start confidently breaking below $8,000, be prepared to swiftly reverse your position to a Short with a juicy target in the area of $5,000. Watch for our Updates to get real-time superior signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
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