bitcoinLook at my chart, MACD & RSI show divergence. I drew some important lines in RSI, MACD and in the chart, the price broken the orange line in the chart and couldn't breakdown 19000 for 20weeks. I think most of traders waiting for DXY, if it come back down, BTC will start new trend to up. What do you think? tell me about your analysis.
Btcusdforecast
BTCUSD - Long Term Bottom Reversal I have drawn two green trend lines one encompassing the downtrend and one the uptrend that is still forming
A strong bottom formed along the solid white horizontal line allowing for this seamless reversal
This will lead to a consequent disbelief phase and a strong pump upwards out of this current bottom area
Have faith!
Posting relevant Analyses below
INDEED BITCOIN HOLD THE $20K SUPPORT.Well! Well! Well!
Here comes the breakout on BTC. My previous analysis got invalidated cause I expected a quick drop toward the $19.3k support level. Things took a sharp turn on BTC and unexpectedly it rallied all the way up to $21.4k as per the current scenario. This could be a good thing for the market both in the short and long term. If BTC manages to stay above this breakout level then we can consider something massive rolling into the crypto market. But if BTC drops down below it then this could possibly be another trap.
At this point in time, I am not gonna play a scalping game. I would rather bet on long-term gains on BTC and other major altcoins. I am long on BTC at $18.3k and I will continue to hold it. If BTC drops down below $20k once again, I will accumulate more.
Anyways, I will discuss more regarding the long-term perspective on BTC in the higher timeframe update.
Thank you for your continuous support of my content.
Trade safely.
BITCOIN: HOLDING THE $20K BENCH MARK.Hello guys, I hope you all are doing well. Let's have a quick analysis on BTC in 8 hours timeframe.
BTC was under the dilemma of breakout or rejection but now we can clearly see that BTC is under the rejection zone. As per the chart, if BTC further rejects then we may possibly see it close to $19.3k where we have good support. The real question is, is this going to be the final drop before the rally or there is more to come? Considering the higher time frame, I don't think this could be the final bottom. If at all, BTC drops for any reason, $15k could possibly be the last dropping level as per the weekly timeframe. This is something that is way too long.
For now, $19.3k holds pretty good support for BTC and if it breaks below it then we can re-analyze the charts.
I hope this update was helpful for you all. Trade safely.
BTC still has two not filled gap on CME chartI think sooner or later they supposed to get filled, Actually It's good for healthy market and price action.
maybe price goes lower before touch those gap's, but on my experience CME gap's always get filled.
what do you think? please share your opinion with us
BTC AheadAfter the shrinking of the economy and following the easing measures of the Federal Reserve
Note that the logarithmic order of the prices is shown above
So, with the smallest change on the chart, we see a large change in price
Also, these days with the least price change, we should see more change on the chart
As a result, I don't think Bitcoin will fall below the range of 10 to 8 thousand dollars
The blue lines show the peaks between them and probably the price of Bitcoin will be between 500 thousand and 1 million in 5 years.
Of course, if new economies, wars and political events are not born!!!
Please share your comments :)))
BTCUSDT LONGFor the past few days, this pair has been forming a falling channel, which might be a strong indication that there is a potential strong bullish movement.
If the price breaks out of the channel and retests the upper trendline & close above the 75 EMA, then I will enter my trade at $19200.
My Stop Loss is at $18920, My Tp 1 at 19480, Tp2 at $19760 and TP3 at $20400, near the next resistance zone( which is the upper zone of the ranging market).
So my R:R is 1:3
Remember, risk 1-2% of your account
SELL House & BUY Bitcoin Now 🔥🔥🔥🔥🔥Hello Traders,
frm last few weeks we are seeing significant drop in dollar index and overall global markets are immediately recovering.
This is the perfect time to buy bitcoin, crypto market has already dumped 90-95% and i dont expect any major downfall frm here, if there was downfall to happen it must be happened 3 months ago bt btc sustained well and went in a strong accumulation. now we are seeing hard reversal in top crypto coins which is indicating in December 2022 we are going to see good rally upside.
Bitcoin Halving:
BTC halving is one of the biggest event happens every 4years, next halving will be occurred on 16 April 2024. Just 535 days are remaining before tht we are going to see huge liquidity in the market and global acceptance for crypto. mark my words btc is going to test 100000 USD before halving event.
always have a longterm vision for btc it will never disappoint u.
just waaana say BUY BTC thts yet.....
BITCOIN: BACK TO THE RESISTANCE.What next on BTC? A Rejection or a breakout?
BTC bounced back as expected from the 21 MA. Now, it is back to the resistance trendline where things could either go negative or positive. Can't say much in this kind of situation so better wait for confirmation and then decide.
Trade safely.
BITCOIN: A REJECTION.Hello folks, here's a quick update on BTC.
After some impressive gains in the last 48 hours, BTC has started showing some rejection from the $20.8k resistance. If this rejection turns out to be repeating the past then we may expect it to reach the lower support line ($19k). In between, we have the 21 MA that could act as a support for BTC. The RSI is acting according to the price action and so far it is going well.
That's it for now. I will see you on my next update.
Trade safely.
BTC making Double Bottom on dailyWe have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805.
Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.
Bitcoin - It's TIME ⌚ ...Time to Wait Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I haven't made an update on BTC for a while because well, not much has changed since the last post. Currently trading in a tight range caused by a fight over control between bulls and bears, Bitcoin could really go either direction after the sideways trading. The sideways trading could also still continue for a while, at least until a clear direction is established. For now, the best thing to do - is to be patient and to wait. There are many altcoins presenting excellent opportunities, I'll be focused on those for now. (Check out our previous ideas to see which alts I am referring to).
A really good strategy, is not to force a trade. If the markets are unclear, rather sit it out on the sideline and wait for a clear trading opportunity.
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