BTCUSD Analysis MarchBTC has formed a double bottom on the daily and is in a recovery phase upwards
Only the weekly chart a larger support level can be seen touching price, this also coincides the the 100MA, a great place for price recovery
Attaching my relevant ideas for BTCUSD, Using these analyses you can surmise a potential entry or exit point for the coin
Btc_usd
THIS IS WHAT I WAS TALKING ABOUT!!!Welcome beautiful people to my BTC update.
BTC went straight up as expected. It bounced right from the entry-level I mentioned in my previous update. I got personal DMs from some of you telling me how you made profits out of this BTC trade setup. I can't explain how immense joy it gave me when I saw you guys making profits and keeping yourself aware of the market with my updates. It makes me happy to help you guys.
Coming back to the chart, BTC has gained almost 20% after the bounce and it is likely to touch the upper trendline (resistance) soon. The RSI is in the overbought zone which means, a retest is around the corner. The current price of BTC is $43k will be a safe exit. I am personally exiting my BTC trades here booking some good profits. I will leave 25% of my holdings for any further rally with SL at $42k.
You can use the same strategy or use your own if you have a better one.
Share your BTC updates with me. I will be more than happy to understand your ideas.
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Thank you.
BTC Bullish Inverted H&S patternFirstly, BTC has formed an Inverted Head and Shoulders pattern on the chart - this is a very bullish sign. Secondly it has successfully bounced off the long term support (purple line) and broken the downtrend that has been respected since November (orange trend). However, BTC has met some resistance at $44000 and is hovering slightly below there currently. MACD is Bullish on BTC but RSI is approaching the bearish side. Should BTC break the $44000 resistance line then a double bottom pattern would be confirmed signaling another bullish price run. Theses chart patterns are strong indicators of the trend reversal along with the evidence of the broken downtrend. All in all, I believe that the bear market is over and the bulls will take over now for some time until they reach the long term resistance at the very top (purple line at the top). To be completely sure of a trend reversal BTC must break $44000 resistance line yet I have no doubt that it will
BITCOIN UPDATE: A BULLISH RALLY CAN BE EXPECTED SOON!!!Welcome folks to this BTC update in 4 hours timeframe.
BTC has well maintained the 21 MA support level and we may expect a bullish rally coming in soon on BTC. All we need is BTC to stay above the $35k support level. BTC has formed a lower support line and the last time BTC bounced back from the support level it consolidated roughly for 10 days between $35.8k to $39k and then a straight 23% rally. We can see a similar move here and I am ready to accumulate BTC to $36k. Breaking down below $35k won't be good for BTC and I will surely exit all my positions.
This time if BTC rallies then $45800 is imminent. I have my entries, targets, and stop-loss set for BTC, what about you guys?
Do you think BTC can rally higher? Or are you expecting something else?
Let me know your ideas in the comments.
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BTCUSD Return to Weekly 200MAAs price is approaching the parabolic trendline, post a double top , I wonder will it go lower?
A third touch on the 200MA on the weekly timeframe is possible, this will be the ultimate buying spot for BTC if it occurs. A situation like this is very comparable to the COVID dump.
BTC - NEW WEEKLY CHART STARTS - WHAT NEXT? Hello trading friends,
The new weekly charts start.
There are many questions like what will the bitfinex whales do at the china time frame - and are we get first some manipulation trends before the expecting ETN target the below 36K
Before the opening of market makers - There will be not a confirmed change on BTC - BTC following also US30 market. --> this all also depends on last news from Ukraine - Russia trends.
One thing is sure coming time is very important for BTC - also depending on last trends of Ukraine and Russia.
Monday is known as an important day for the BTC market.
US30 is still not confirmed for uptrend - what could end today into red trend also.
Depending on the ETN tool - there is expecting for the below 36K market price action.
We are now at an important whale setup zone of 38k+ trends.
Last news from Ukraine - more countries want to accept Ukraine into the EU - which means it could bring new effects to conflict Russia - Ukraine.
Bitcoin is still into breakdown trend TA - even if BTC increases above 38K.
What is a whale setup trend?
A whale setup trend is a place where whales have their orders ready for the time frame - into history trends can this be a point of more breakdown trend.
This update is not a trading call - and always manage your risk.
we know that all sides of BTC are very risky.
These updates were made for 100% spot.
Have a great day.
BTC WEEKLY I always trade with my strategy on the 1h time frame but for those who want my idea about the btc movement on the bigger scale i must say that:
we have an 12345 impulse and i think we are in the 4th move and the fourth wave is an ABC correction so when the times come means that near the vertical white line we can have the final impulse of this move.
support this idea with like and comment ❤️
u can trade with me on the 1h timeframe on btc/usd
BTC: A Clear Picture Using Moving Averages Hi all,
Remember one thing, there is NO better market out there than crypto (:
As highlighted in my last analysis, BTC broke below the 50W moving average which has signaled a bear trend in the past.
Now that BTC & the rest of the market have started to fall, the next step of the analysis needed is to show the 100W & 200W moving average.
There are 3 main points of reference on the chart:
- GREEN LINE = Logarithmic Trend
- BLUE LINE = 100 Week Moving Average
- ORANGE LINE = 200 Week Moving Average
Using past history:
BTC breaks 50W MA —> 100W MA
BTC breaks 100W MA —> 200W MA (this is where it bottoms using past data)
Right now, BTC is heading towards the 100W MA which currently sits right around $31,000. This is conveniently located right in the MASSIVE support area of $29,000 - $31,000.
BTC has always stayed above the 100W MA in bull markets. When BTC decided to break below in the past, price landed directly on the 200W MA. (Currently sitting at $20,000)
BTC has never closed a candle below the 200W MA in history (we can reference this with just as much importance as the logarithmic trend). Each time BTC has touched the 200W MA, it signaled the bear market/trend was near an end.
The green line has been the logarithmic “support” for BTC, since the start. This is the most referenced line on the BTC chart and I think its okay to expect BTC to continue to hold this as time goes on.
The 200W MA (Orange) and logarithmic trend (Green) are conveniently right next to each other at the time of writing ($20,000)…
Now to put this all simply all using TA:
BTC is very likely to drop to the $29,000 - $31,000 support area & touch the 100W MA.
If this area FAILS to hold, BTC will drop to $20,000 - $21,000 and we can say this will be the bottom or it will be over for BTC…
Is it as simple as that?
We all know BTC runs the show so this is a good reference for the majority of the market.
Thanks for reading!
btc usdWill break 50k,
first, it will go down, Because of fear its tax. maybe two more weeks remain to take the decions.
Due to war more black money. The basic idea of crypto is not to use a bank. Both Ukraine and Russia will get funds from crypto. and due sanctions against Russia will reduce use dollar think. Therefore the demand for cryptocurrencies can be high.
New countries accepting bitcoin and other cryptos as national currencies will increase demand for it.
Mining difficulty increased, normally after difficulty is increased there is a huge drop, then it all makes ATH.
These all are fundamentals that I think will drive the market to bullish.
In view of TA:: now the weekly market is bearish. However, it has made down impulse and
After that i expect to break 50 k
ETN TOOL - LOW TIME FRAME CRASH EXPECTING Below 36KHello trading friends,
This is an update from the ETN tool expecting targets for the low time frame.
We know inside the ETN tool - 2 different Targets - the low time frame, and long term .
There is still a target running for the ETN tool (long) - Long term target, that will end if BTC price goes below 30k.
At this moment it still running. this update of now - is a low-time update.
ETN DID IT MORE TIMES - CLICK on this chart to see history crash trends of ETN
ALL BEFORE UPDATES OF ETN were RIGHT - WHERE NOW ONLY 1 running for the long term.
The update of now - depending on the low time frame.
Depending on the ETN tool trend - we could see coming time a new crash trend. what will bring BTC price below the 36K trend.
This is not a trading call - manage always your risk. There is no guarantee for any price action in trading.
As the ETN tool did predict more crash trends - we will follow this trend.
Have a great time.
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BITCOIN: WHAT A COMEBACK!!!!Welcome members to this BTC update.
The last 24 hours were tragic for BTC but before we even realize it, it pumped back to the same level from where it dumped. A 13% drop to 15% rise within the last 48 hours.
If we look into the chart then BTC dropped to the bottom trendline making new support and then bounce back-breaking above the Fib level and resistance. Currently, we can see some retests here, and if BTC fails to hold this level then it may possibly drop back again. A bounce on the other hand can lead the price up to $41k.
Talking about the profit and losses then I already warned you guys in my previous update and advised you all to step aside and observe the market. I hope you guys followed. Making profits is good, and having no trades is ok, losing money is not good, and holding a losing position is a pain. So, make sure you stay safe and analyze the market before opening any trades.
Did you guys make a profit or book losses? Let me know in the comments.
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Thank you.
BITCOIN CONSISTANTLY FAILING TO BREAK THE RESISTANCE TRENDLINE.Welcome members to this BTC update.
First of all, I would like to welcome all the new members and thank you for supporting me. And of course my existing members, you guys are awesome. You have kept me motivated to post more and more updates. Thank you all for your support and messages.
Ok, so, what we got here?
BTC once again failed to break through the trendline (resistance) and it has formed a red candle towards the 21 MA support. 9 hours ago, BTC successfully broke the 0.618 Fib level but now once again it is below it. Here's the thing we need to keep an eye on, the 21 MA. IF BTC breaks down below the 21 MA then exit your positions (if you are holding any) cause BTC may drop up to $35700 support level. But if BTC bounces back from here and breaks the trendline then a rally up to $41k is possible.
Talking about the RSI, it has still maintained the momentum here and it is yet to reach the overbought zone. I will personally accumulate more if BTC drops back to the lower support level or if it breaks the resistance level.
What do you think about BTC? Do you think BTC will still rally higher or a drop is coming?
Share your views and do like and follow for more interesting updates.
Thank you.
Bitcoin Stuck in a RangeBitcoin - Intraday - We look to Buy at 36444 (stop at 35698)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 36264 has been pivotal. We look to buy dips. Price action continued to range between key support & resistance (36000 - 39000) and we expect this to continue.
Our profit targets will be 38488 and 39388
Resistance: 39500 / 40000 / 41000
Support: 38000 / 37000 / 36000
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BTC - Daily UPDATE 40K + Are possible next target since ...Hello Trading friends,
This is a Smal daily update for BTCUSDT with the last trends.
Bitcoin is into a confirmation and time frame for uptrend - which means its possible that we can enter soon the new target of 40k+
For the breakdown trend, we need to have huge price change action - which means that BTC should go below 36400 at this moment.
The before start point for the breakdown trend was 42700 - If we are able to gain this level back, it would be great for the BTC price action trend. The first focus is 40K.
Until now the trend looks positive, and we will follow it coming time if there are some new changes.
It's BTC, we will see some changes into the low time frame, but it's about the goal trend.
Have a great day.
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Bitcoin at important level trend - 38.6 are the uptrend confi...Hello trading friends,
This is a small update for BTCUSDT.
Bitcoin looks at this moment on a very interesting area - as we are now below the 38K.
The 38.6 with a time frame and confirmation can become a new level for a further uptrend, and it's important that we check the coming time if BTC hits this level, how the trend going depending on TA.
Bitcoin can get a new trend volume after the 38.6 trends which can enter BTC into the new green trend depending on the low time frame. 38600 are same time a power trend line.
We will see and follow coming to time or BTC will hit with a time frame the 38.6, which can bring BTC back to 40K+ trend.
Have a great day!