Get started

Search in ideas for "btc usd"

BTC/USD Descending Wedge with Quantitative TighteningBTC/USD 1M Chart: This is the 4th Descending Wedge Pattern that BTC has been in on the weekly and this 1 month chart. Note that BTC broken downwards on 2 of its Descending Wedge Patterns before continuing upwards. Things we have to take into consideration 1: We are already in a world wide recession! 2: The FED is about to start Quantitative Tightening which may not be priced into the markets! 3: Quantitative Tightening will possibly take BTC to $12,00 and below! 5. The crypto spot market is controlled by the Binance funding rate! 4. Before the media says the country says its in a recession…… It already is. 5. Be prepared. If the MACD Line (Blue Line) crosses below the 0.0 Base Line into the Negative Zone of the MACD Indicator then BTC will OFFICIALLY be in mid-longterm distribution on this 1 month timeframe. Since March 2020, quantitative easing took BTC from about $3,800 to about $68,000, some may say this was even from 2011! So now that we are entering Quantitative Tightening! What happens next? Interesting times and opportunities ahead. I hope this is helpful with your trading and Hold-ing.
BITSTAMP:BTCUSD
by entertheroach
2
BTC/USD 16H Bullish ContinuationBTC/USD 16H Time Frame. BTC is about to test a resistance and break through 1.618 with target 2.618. BTC last support hold at 40k is higher than the previous drop of 30k showing a confirmed trend break and continuation to the top. Most likely we are going to see new highs with this continuation trend. It may be helpful to see if altcoins are going to be outperforming BTC in the next couple weeks. BTC may outperform alt coins. Looking for a break to the top side and retest support at 1.618. Most likely we will see lots of buying opportunities on its way up.
BITSTAMP:BTCUSDLong
by WiThConFi
BTC/USD Gone as expected Targetting higher prices!BTC/USD Gone as expected! Targetting higher prices A pushup from The 30000 very strong support (As the end of Wyckoff phases) were expected to pull BTC at least for +25%. The last news about Tesla's negotiations to use BTC again had a very great impact also, and will be affecting BTC in long-term (as he said, "The diver will float again"!!) Congrats guys on your profits if you followed & see you in other targetted prices (43000, 46000)
BITSTAMP:BTCUSDLong
by MarjaniFX
3
BTC/USD Prices have reached a significant price levelBTC/USD BTC prices have reached a significant price point trading at 7589.60 around 7593.40 resistance in the two-hour price chart. BTC Prices might find temporary support at this price level if prices can hold above the current trend line in red and 7593.40 resistance. BTC prices fell through two resistance price points in yesterday's session after a few failed attempts to breakthrough 7993.80 resistance. We might see BTC prices head back up to test 7720.50 and 7993.80 resistance if prices hold above the support trend line in red and also 7593.40 support
BITFINEX:BTCUSD
by Rotuma
BTC/USD Current Targets and Overall lookBTC/USD is not looking great, painting bear flags all the way down. Currently we have 2 bear flags with our targets beings : Flag 1 : $5,500 Range Flag 2 : $6,400 Range Both of those targets are in the Double bottom territory in my opinion with BTC bounce at $6,000. I do not see it being supported strongly there as it would break all bullish trends from last years rally. We have a wedge and a fib support at $7,200 level which in my opinion is perhaps the last hope for BTC to remain above $6,000. Any close below $7,000 I would say we are entering a long term bear market, with targets being as low as $2,000 for maximum shakeout of the market. Have to remember that we went really parabolic last quarter of 2017, and coming back to a more steady rise puts us all the way to $3,000 range. Overall this will reset the market and lead us to a more steady adaptation, in which my hopes are that BTC will be adopted for its use and not only because of its value constantly coming up.
BITFINEX:BTCUSD
by CrimsonBull
1
BTC/USD Correction - How Do We Move On?BTC/USD has broken down the 0.618 (11.044 USD) Fibonacci Key Retracement level and we can expect further decrease. The next interesting levels will be Fib 0.786 (8.630 USD) and the full retracement level Fib 1.000 (5.555 USD). Both key levels coincide with mayor support lines that prove sufficient during two previous dips, respectively. At this point, cyclic smoothed RSI and MACD reflect the significant sell-off but do not deliver a clear buy signal yet, which requires us to wait for a sufficient reversal confirmation. BASIC, PLAIN and SIMPLE. Liked this technical analysis? Follow me for more free technical analysis and high-quality content. Telegram: t.me/hodlgang_taproom Twitter: twitter.com Steemit: steemit.com
COINBASE:BTCUSD
by wesker_crypto
1
BTC/USD trading plan 2-July-2024 BTC/USD has formed a double top (M) pattern on the daily timeframe. Recently, BTC/USD broke the daily resistance at 62,000, which now serves as support. This suggests a potential retest of the neckline around 66,000-67,000. For the short term, consider buying with targets at 66,000 and 67,000. Monitor price action at the neckline for a potential sell setup using a high-profit strategy. Note: This analysis is for educational purposes only. Trade at your own risk.
BITSTAMP:BTCUSDShort
by ForexMinds-Pro
BTC/USD Bulls in the Driving Seat!BTC/USD longs had a splendid week. The major crypto has added an eye-watering +10.7%. You may recall that the FP Markets Research Team recently beat the drum for the pairing, documenting the potential for outperformance. Weekly Resistance Cleared The weekly timeframe’s technical landscape showed price action retested support on the weekly timeframe at $38,809 in January and chalked up a Japanese hammer candlestick pattern (bullish cue), and has been bullish since. Last week’s upside witnessed price take on offers around resistance at $45,968 and is on the verge of refreshing year-to-date highs beyond the $49,099 11 January high. A weekly close north of $45,968 would help pave the way for BTC/USD bulls to target weekly resistance from $51,952 over the coming weeks. This is reinforced by the fact that the weekly timeframe shows that price action has been trending higher in the form of consecutive higher highs and higher lows since November 2022. Break Daily Resistance to Reaffirm Upside While we do have the weekly chart’s Relative Strength Index (RSI) testing overbought waters along with the daily chart’s RSI also seen fast approaching overbought space, for bulls to continue pressing north this week, resistance on the daily timeframe at $47,972 and the year-to-date high mentioned above will need to be cleared. Therefore, were a retest of daily support from $46,331 to emerge, this could provide enough technical juice for buyers to enter long in anticipation of higher levels. Alternatively, leaving the aforementioned support unchallenged, a breakout north of $47,972 and the $49,099 high may be worth keeping a close eye out for this week, a movement that could perhaps trigger breakout buying to target $50,000 and nearby weekly resistance highlighted above at $51,952.
FPMARKETS:BTCUSDLong
by FPMarkets
2
BTC/USD Bulls Make a Comeback! BTC/USD closed out the week considerably off worst levels, delivering an unambiguous weekly hammer candlestick formation (the pattern is based on Friday’s closing price). Adding credibility to this bullish reversal pattern is where it developed: weekly support coming in at $38,809, as well as garnering reinforcement from the trend: the major crypto pair has exhibited an uptrend since late 2022. Therefore, BTC/USD bulls could outperform this week and reconnect with familiar weekly resistance around $45,968 (which you may remember welcomed price action in the shape of a bearish shooting star candlestick pattern in early January). Daily Resistance Engulfed! From a daily perspective, the recent downside move failed to pencil in much in the way of any meaningful lower lows and lower highs. Therefore, the trend is still directed to the upside for now. Friday also concluded the week engulfing ascending support-turned-resistance taken from the low of $40,154 and neighbouring horizontal resistance at $41,007 (now marked support), together with the 50-day simple moving average (SMA) at $41,490. This follows last week’s moderate upmove that left nearby support unchallenged at $37,942. Bulls in Favour Ultimately, the technical pendulum is swinging in favour of bulls this week. Friday’s close north of the daily resistance helps reaffirm the bullish vibe, with traders potentially targeting daily resistance coming in from $43,888.
FPMARKETS:BTCUSDLong
by FPMarkets
BTC-USD opportunityBTC-USD is trading inside a channel. It usually takes sometime to break a channel but an up-break is likely. The AI model has found multiple similar patterns in the past and a lateral movement is expected for the next few weeks. Furthermore, remember that BTC-USD broke a bigger falling wedge this January so a bigger bull trend is probably unfolding. The green area is probably a great moment to buy because the AI model is expecting some lateral movement but the long run is still bullish. If we lose the green line take care with the start of a major correction. Remember that green lines are draw every -15%, where we previously had strong resistance and support levels.
BITSTAMP:BTCUSDLong
by All_ChartPatterns
#BTC/USD Update#BTC/USD Quick Update 📊 4H-Frame 📉 S & R 📈 Chart Update #Trading Yesterday Bitcoin lost 10%. No matter how much you trade crypto, these moves always take you by surprise. Especially after 3 weeks of narrow range choppiness. #Bitcoin #Market didn't make any high volatility as usual on the weekend. We can see the maximum bounce 22.1-23k range. If the BTC pumps above it then the bearish move will be invalidated. If not, we will see crypto follow stocks correction and for BTC it means downfall till the middle of September when ETH merges and pumps the market regardless of stocks or anything else, just like it happens after each BTC halving. 📈 Resistances: 21666 - 22700 - 23500 📉 Supports: 20700 - 20000 - 19200
COINBASE:BTCUSD
by Crypto_Coaching
BTC/USD Daily TA Cautiously BearishBTC/USD Daily cautiously bearish. *BTC has finally broken down below the 50/50 uptrend line from April 2017 and now risks falling to retest the official uptrend line from April 2017 (for the first time since October 2020) at $15k-$19k. All eyes are on the FOMC meeting this Wednesday when the Fed will decide whether to go through with another 50bp rate hike or be even more dovish and go for 75bp (or even 100bp) in attempt to slow down inflation. As unfortunate as it may be, cryptos and equities will continue to be hit the hardest (highest amount of speculation here) until the Fed is able to ring in inflation. If we end up with a hard landing (and recession), this will likely signify that the bottom is in for cryptos and equities and the next focus can be on how to revitalize growth.* Recommended ratio: 5% BTC, 95% Cash. Price broke down below the 50/50 uptrend line from April 2017 after testing it as support for 30 consecutive sessions and is now testing $24180 minor support (currently trending down at $23k). Volume is High in today's session marked by a 15% sell off; it's currently on track to favor sellers for seven consecutive sessions if it can close today in the red. Parabolic SAR flips bullish at the 50 MA (~$32k), this margin is mildly bullish. RSI is currently testing the uptrend line from 01/22/22 at 25.60 support. Stochastic remains bearish and is currently testing max bottom, where it can potentially coast in the "bearish autobahn zone" for a while. MACD crossed over bearish in today's session at -868 minor resistance, it is currently trending down at -1331 and fast approaching -1435 support. ADX is currently trending up at 27 as Price continues to fall, this is bearish. If Price is able to bounce here at $24180 minor support, it will likely trade sideways until it can test the 50/50 uptrend line from April 2017 as resistance at $29k or the descending trendline from November 2021 at $24k-$29k. However, if Price continues to break down here then it will likely test $19417 support for the first time since breaking out above it in December 2020. Mental Stop Loss: (two consecutive closes above) $24180.
COINBASE:BTCUSD
by dailytaguy
BTC/USD Daily TA BearishBTC/USD Daily bearish. *Seeing that we're only halfway through the weekend, if BTC loses support at the 50/50 uptrend line from April 2017 ($29250), it wouldn't be surprising to see it at $24k by Sunday night/Monday morning. Inflation produced a higher high ( .60% increase in CPI growth from April-May compared to March-April ) at .83% FFR which essentially means that the Fed is probably going to have to ramp up rate increases in their meeting next week (06/14-06/15) by more than 50bp (75bp likely) to stay true to their "do whatever it takes to ring in inflation" promise. This is bearish for equities and cryptos as we may start to see more significant layoffs and less capital being in the markets.* Recommended ratio: 10% BTC, 90% Cash. Price is currently trending down at $28500 but is still technically retesting the 50/50 uptrend line from April 2017 at $29250 as support; if it loses this support it will likely test $24180 minor support. Volume remains Moderate and is on track to favor sellers for a fifth consecutive session if it can close today in the red. Parabolic SAR flips bullish at the 50 MA ($32600), this margin is neutral at the moment. RSI is currently trending down at 39.67 but is still technically retesting 42.41 support; if it loses this support level the next support won't be until 25.60. Stochastic remains bearish and is currently testing 29.70 support. MACD remains bullish and is currently trending down at -674, if it breaks below -766 (which would coincide with -868 minor support) then it would be a bearish crossover. ADX is currently forming a trough at 24 as Price continues to fall, this is mildly bearish; if Price breaks down further and ADX goes up, this would be very bearish. If Price is able to defend support at the 50/50 trendline from April 2017 ($29250) then it will likely retest $30507 resistance. However, if Price breaks down and loses support here, it will likely crash to $24180 minor support before potentially falling lower. Mental Stop Loss: (two consecutive closes above) $29431.
COINBASE:BTCUSD
by dailytaguy
BTC/USD Daily TA Neutral BearishBTC/USD Daily neutral with a bearish bias. *BTC has been consolidating at $30k for 32 consecutive sessions now and is becoming more bearish every day now.* Recommended ratio: 35% BTC, 65% Cash. Price is currently trending down at $30k after being rejected by $30507, it still has support at the 50/50 uptrend line from March 2017 at $29.5k but if it breaks below that level it would be very bearish. Volume remains Moderate and is currently on track to both favor sellers and shrink for a third consecutive session, implying that a breakout/breakdown is due (leaning toward breakdown). Parabolic SAR flips bearish at $29250, this margin is mildly bearish. RSI is currently trending sideways at 45 where it is testing the uptrend line from 01/22/22 as support. Stochastic is currently crossing over bearish at 77.95 resistance. MACD remains bullish and is currently trending up slightly at -564 as it is beginning to form a peak; it is still technically testing -868 minor resistance. ADX is trending down at 24 as Price continues to hover around $30k, this is mildly bearish. If Price is able to defend support at the 50/50 uptrend line from March 2017 at $29.5k then it will likely retest $30507 resistance before potentially breaking out higher. However, if Price breaks down below $29.5k, the next likely target is a test of $24180 minor support (before potentially falling lower). Mental Stop Loss: (two consecutive closes above) $30507.
COINBASE:BTCUSD
by dailytaguy
2