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Btcusdidea

THE RSI INDICATOR WILL TELL YOU WHEN BTC REACHES THE NEW ATHIf we look at the RSI indicator on the BTC monthly chart, we can see a very interesting pattern. In fact, we can see that for both cycles preceding the current one (perhaps also for the first cycle but unfortunately we do not have the data), the indicator had signaled the top very precisely: both bull runs ended once the IRS closed above the mid-uptrend overbought RSI signal. To date, we can say that this pattern is also repeating itself in this cycle: we had the first overbought RSI signal (fake), followed by the classic correction (bear trap) and then the resumption of the uptrend which, if this strategy is correct, will end when the IRS closes above the March 2021 signal. Like if you appreciated the idea and comment below what you think, especially if you don't agree with me!
INDEX:BTCUSD
by SCAL0
#BTCUSDT Is it a TRAP ? $30k or $100k? 👀Must Read & share!!!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. First of all I don't intend to scare or confuse you with this chart. Neither want to portray a 2 arrow chart on up and down. No matter where the price goes the author becomes right eventually. Not that CRAP, What's really important here is to face the reality. When the market dumps all those OGs and Moon boys won't post anything at all and you are left helpless because you bought the top because of their shilling! Don't do that please... Bullish Scenario: Currently we are trading above:- 21D MA $44843 50DMA:- $46628 200D MA :- $45143 If We maintain these levels and break and close above the 52.5K LEVEL new ATH possible. BUT BEARISH SCENARIO? I know it sounds scary and some people might come up with hate comments too. But all I want is, to aware you. You can also see everyone is bullish now, calling for $70k and even $100k. Which is exactly what I want too but do we have that fuel in the market? Declining volume, no much buying from the whales (ON CHAIN DATA) This looks fishy to me. We have been making lower highs and lower lows since April 14th 2021 making a high of $64,986. Either we can pump from here all the way to 49k to 52k leaving a wick and dump right back to 31k. They could come up with any news, CHINA banning miners again, banning crypto trading again and what not "Be fearful when everyone is greedy" This quotation helped to save a lot of money in the last cycle after I got wrecked in 2017-2018 bull market because we always want more and lost everything I made in 3 years. JUST BECAUSE I DIDN'T TAKE PRECAUTIONS. The market looks bullish for altcoins but once BTC behaves unexpectedly all those gains you made these days will be gone in minutes. You see? There are a lot of IFs and BUTs, so better not take risks when things are uncertain. NOOB QUESTION:- Alright Cryptorphic I get it and i am tired of reading your long post, What to do now? 1. Stay mostly in USDT/USDC 2. Take short term trades/scalping and close in Profits 3. Avoid overnight holding, if. you do never ever sleep without SL. I know you are scared it might hit your SL and pump to the moon and you loose few bucks but what if it breaks the whole support and dumps -20%+? So be careful. 4. Avoid holding alts in BTC pairs BTC.D is bouncing, I am not holding much ALTCOINS in BTC pair, this could be risky as of now. END NOTE:- UNLESS BITCOIN CLOSES ABOVE 52.5K IN WEEKLY WITH GOOD VOLUME EVERY MOVE IS A TRAP. MY AIM IS TO KEEP MY FOLLOWERS ALWAYS LEVEL HEADED! ALWAYS! No matter what happens we always maintain proper Risk management. The only toll which will confirm your sustainable career in this nasty crypto world. If there is any update or change in the trend, I will let you know beforehand. FOLLOW ME and Share this chart with your crypto friends and other communities. You might save someone from getting rekt. Sorry for the long post. I hope you got the point. Do appreciate with your likes and comments. It motivates me to work more. Thank you so much guys for your consistent support. Thank you #PEACE
by Cryptorphic
89
The End Game: How I think it'll look!Hey everyone JT here... Here we are atlas, battling the ATH's and validating the bulls rally cry that WE ARE NOT IN A BEAR MARKET... So what next? Here is a chart I have assembled with two historical fractals to paint a picture of how I think the next few months will play out. I believe there will be consolidation near ATH where we will see 20% swings up and down until it coils and eventually begins the inevitable blow-off top. If you go back two posts I explain how high I think we will be going, when we will be going there, and my reasoning as to why I believe these targets and how I got to them. So go take a look at that post! This is sort of an update and everyday we gather more information allowing us to subtly adjust targets and expectations. These fractals in conjunction not only bring us out to my price targets, but also to my hopeful time expectations, where I'll personally be taking profits and exiting this market. As always this is not financial advice this is just my personal opinions and my thoughts of what BTC is doing. If you agree or like the idea smash the like button! Thanks everyone, If you have any ideas or questions drop a comment below!! EDIT* the top white line is currently the price of the highest weekly close** forgot to explain that I believe this is our main line in the sand that we will consolidate under. Major resistance.
BITSTAMP:BTCUSDLong
by Justin_Tx
BTC/USDT 4HOUR UPDATE Welcome to this quick btc /usdt analysis. I have tried my best to bring the best possible outcome in this chart . BTC is trading around $58.100 the support is 21ma and $56400 and resistances level are $59500, $63500.$64000. I thing the price cam pump fore here . if its breaks the 21ma or more then more the second support level then the chart will be invalid. The chart will become invalid. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
BTCUSD - The Show is yet to Begin!As promised in our previous post, here is the long-term view of Bitcoin which is currently sustaining and trading above the $55,000 mark indicating buyers may be holding on to their positions and expecting higher prices in the short-term. If the uptrend is to resume and the Bulls push the price above $60,000 then a retest of the all-time high at around $64,800 seems imminent. However, a larger AB=CD currently seems to be in play as well, which (if it plays out) will take the price to around $90,000 which might seem too good to be true right now, but is definitely on the cards if you know how to read them 😉
B
by JustTradeSignals
1
Bitcoin Approaching Key Levels in a Rising Channel!Bitcoin made another rally upwards from the bottom of a wedge that just invalidated the claims of ascending channel and confirmed that the price is moving inside a rising channel. This channel is good as long as broken and the support area of this channel has been tested a couple of times. One easy way to trade this channel is to open a short when the price reaches the top of the channel and open a long when the price touches the bottom of the channel. On the other hand, Bitcoin is approaching a strong Resistance Zone of $57k which is also a 0.786 fib level from the April's high. It is strongly suggested to be very cautious at these levels because we are in a rising channel plus approaching a strong resistance zone, failing to hold will take us to the area marked as strong support zone and maybe below. Also, Bitcoin has been bullish for so long and we've been moving without testing the supports, so it is okay to be prepared for one. Good Read on Rising Channel: patternswizard.com Bitcoin Price: $56,700 Thank You & Good Luck. Give a like and follow :-)
by TychonTrades
3
Bitcoin- Correction over?As normal, after the strong run-up from 48 to 55k, Bitcoin corrected. However, the correction was "light" and didn't even touched 43k support, reversed from above, indicating that bulls are very impatient and giving us a strong buy signal. At this moment, BtcUsd is trading back above 55k and I believe we will have a new strong run to the upside. The first target can be 59k, but, as I said, considering the buying power, more likely the ATH can be where Btc will end up soon
BITSTAMP:BTCUSDLong
by Mihai_Iacob
28
Bitcoin,breaking flag formation after breaking huge resistance!Bitcoin had been struggling for the last few days to break the dynamic blue resistance and successfully broke it to get to the 55k zone. afterward, the price has formed a flag formation and now the formation is broken with good volume, I think today will be a good day for bitcoin and surely for altcoins. a long position with a 52800 stop loss would be reasonable. Trade responsibly and be committed to your stop losses.
Long
by mohammadghasemi5
BTC/USDT 4HOUR UPDATE Welcom to this quick btc/usdt analysis. I have tried my best to bring the best possible outcome in this chart . Btc is 50600 dollars next support and resistance 55.800$ break above BTC 58800$ next resistance 64k Let,s see how the 4 hour closes. i thing the price cam pump fore here . if the breaks below the price 46500$. the chart will becouse inalid. Sorry for my english it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563