Search in ideas for "btc usd"
BTC/USD 3Day TimeFrame LONGBTC/USD 3Day Time Frame. Looking for a short correction to the 0.618 with Valkyrie Bitcoin Strategy ETF as a catalyst to the bullrun or short term correction if rejected. NVT looks prime to continue higher and when looking at the weekly, momentum looks it will continue to go up as a trend.
BTC/USD LONG SETUP TO NEW ALL TIME HIGHBTC /USD bulls remain focused on upside retracement levels and areas of potential technical resistance including the 67146, 68515, 69449, 71974, and 73245 areas. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 63784, 61796, 60189, 58581, 56593, 57627, and 56293 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27.
Technical Support is expected around 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below.
Technical Resistance is expected around 59500/ 63000/ 65000/ 67146.16/ 68515.32/ 69449. 40 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BTC/USD 1h chartBTC/USD 1h chart
After a nice surge of BTC price, we've found a relaxing place between historical resistance at 48.700$ and support at 46.700$.
If we take a closer look at lower time frames as 1h, we can see that we're about to form a diamond pattern, which has a bit higher percentage rate of reversing the price. If that plays out we can place a short position as 1st trade scenario is showing.
In case that price doesn't retrace there, we can consider placing a long position as 2nd trade scenario shows.
If we come above 50k, we can expect some fireworks.
@Altcoin_and_bitcoin_trading
BTC/USDBTC / USD
Redundant would be to re-analyze BTC: We already know the levels to overcome and the levels to which we should not reach to consider a breakdown of the fractal that has been developing. For now we can review the indicators. RSI still with upward force, but already closer to the average of 50, monitor with a weakened uptrend also close to the average and ADX with trend strength, but approaching its average of 23.
BTC/USD GOLDEN CROSS Daily Time Frame BTC/USD Daily Time Frame Golden Cross.
Red 50 EMA
Yellow 200 EMA
The 50 crossing over the 200 to the upside is considered the Golden Cross where we will see a long term bullish run. The opposite is called a death cross when 50 crosses over 200. This could be done for both EMA and MA. I am looking at the Daily time frame because any crosses on the higher time frames usually means for a longer run meaning weeks on end to months. The Golden cross has happened around Aug - 14 - 2021 and prices remain stable above 50 EMA. This is a good bet as long as price doesn't continue lower 50 EMA. In 2018-2019, we had the golden cross and prices suddenly dropped below both 50 and 200 causing a one year bear market throughout 2019.
I would keep my eye on this and accumulate very slowly at every dips as an opportunity. I don't mind buying on the run up because we will see volatility through the runup.