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Bitcoin-btcusd

BTCUSD ideaMarket Analysis: As BTC rejected the support line at 48.5K twice in the last week, the downtrend of BTC continues. Though volatility is low after a sudden drop recently after Tesla’s refusal to accept BTC as a payment method. What does the future look like: 1. BTC after rejecting the 48.5K is moving through another downward wedge with a support line at 42K, if BTC doesn’t cross over this wedge and continues its trajectory and ends up below the support line, the prices can drop up to a new low of 30K. 2. RSI is below 50 and is following a downward trend for the past 2 weeks. If the RSI continues to follow this trend line then there will be a huge drop in price so it needs to break through this line in the next couple of days to see any bullish trend. 3. MACD is also below the 0 mark indicating a bullish trend but due to few recent green candles, it looks like it may move above 0. 4. EMA is also moving in a downtrend and has moved above the price though the difference can be seen to be closing nothing can be said about it with certainty. According to the following analysis, we can say that BTC may move in a bearish trend until it sees a major trend reversal and goes above the trend and maintains its position.
BITSTAMP:BTCUSDShort
by traderanalysis
BTC Breaks Long Term Trend As Tesla Ditches It-BTC has fallen to a two month low as Tesla announces suspension of BTC payments -150 MA has held BTC from a further downfall -Bullish divergence spotted on RSI Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly fell over 15%. BTC is now is now in scary waters. While looking at the chart, BTC has broken a long term trend that has been held for nearly 6 months. This is not a good sign as there is much FUD spreading about Bitcoins environmental impact. BTC must hold major support range of $46,500-$48,000 or we can experience a large fall to $40,000. As of now, the 150MA has held the price of BTC as it touched this moving average for the first time in 6 months. If BTC can break above $48,000 and hold, there will be a decent revival to $51,400. In the case that BTC holds this resistance, next up is $54,400. BTC has grown over 1000% in a year. With this being said, there is a good chance more downside might occur before BTC resumes a bullish uptrend. While looking at the Stochastic RSI, we can see that strength has reset to oversold levels. If the strength can bound above 30, expect a revival to minimum $51,400. The regular RSI also confirms a small bullish upswing as it has printed a bullish divergence. This occurs when price makes a Lowe low but RSI makes a higher low. BTC intraday levels Spot rate: $48,100 Trend: Bearish Volatility: High 
Support: $46,400 Resistance: $48,000
by CoinGape
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (47230.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 29. Take Profits: TP1= @ 53274 TP2= @ 57950 TP3= @ 59760 TP4= @ 62685 TP5= @ 64940 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
Bitcoin | Multiple Timeframes (1H, 4H, Daily & Weekly)We've been waiting for Bitcoin to move up since we saw Ethereum going ahead... We feel confident that it will follow and also hit a new All-Time High. The chart is once more starting to look good. We will focus on the signals... Bitcoin Daily (D) Timeframe (BTCUSD) We start with the daily timeframe, here is the chart: First, we can notice prices moving above EMA10, EMA21, and EMA50. EMA50 is a strong one now sitting at $54915+. Bitcoin trading above this level is strongly bullish. Below signals bearish. Daily candle closure above this level is needed for confirmation. The RSI is strong above 50 and we have a bullish cross on the MACD. All the classic signals in place but some still developing. We also have a falling wedge and an inverse Head & Shoulders pattern, all these points higher. Bitcoin 4H Timeframe On this timeframe, 4 hours per candle, we can see BTCUSD moving above all of the EMAs. MA200 is the black line. We are strongly bullish above this level. This also happened after a higher low with bullish indicators, the signals are telling us that we should see GREEN. Bitcoin 1H Timeframe Finally, the 1H timeframe, here we can see the pattern that is pointing to straight up. Bitcoin Weekly (W) Timeframe We can see BTCUSD moving back above EMA10. The weekly timeframe closes in just 2 days. Closing bullish would mean that we had very little to no retrace. Now, when prices start moving higher... What's your target? I am now aiming at $80,000 followed by $100,00K What Do You See For Bitcoin's Future? We see bullish Bitcoin in 2021 and beyond. We are seeing bullish long-term longer than most people expect. Things will not be what they feel like. Things will look and feel bad in some ways but turning good in the core. The good will bloom and shine. Cryptocurrency will help us level out the upcoming financial disaster that the conventional markets will be facing. Leave us a comment with your views, thoughts, and opinions on this. I love you now, forever & always. Thanks a lot for your continued support. This is Alan Masters. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
#BPCL #HINDPETRO #IOC #OIL #ONGC #PETRONET #PETROL #BITCOIN #NSE#BPCL Bharat Petroleum Corporation Limited. CMP: 399 TARGET: 436 // 478 G-O-I undertaken stock is in limelight, BPCL. As the state run petroleum company plans for divestment, there is going to be a lot of opportunities for retail investors and traders. Govt. plans to sell off almost 53% stake from the company and it receives MULTIPLE bids. Stock is expected to have a strong valuation and would be expensive from the current rates. There are various reasons to invest in this stock. 1. Trend Analysis: The stocks is in pace to reach highs. Running in uptrend, climbing ladders, step-by-step. Steadier and stronger with each end of the day prices. 2. Fibonacci Retracement: Retracing from 50% levels to make higher highs. Supports acting strong and giving a better push upside again and again. 3. Moving Averages: All the moving averages running alongside. All the bigger moving averages below the prices gives the candle more strength to be firm and erect. Bears fears. Prices fear to fall. 4. Pattern: Prices are making higher lows to show the pictorial representation of price trend. Making a Bullish Wedge kind of pattern with periodic time span. 5. Volume: Extremely large volume trading has been encountered in the stock. The huge Volume is representation of higher investors' money flowing in towards the stock. The huge Volume candles along with huge BULLISH Price Candles represent the strength of BULLS. 6. Momentum: The stock being in news, a large number of traders rush towards it and make various analysis to get the intrinsic value. The higher the bidding value, the higher is the price. The bids create excess of demand for the stock and thus price moves upside. The stock has just got the momentum. A rally is expected soon. 7. Strong Bull and Weak Bear: The Bullish candles are mightier and look like "katana". Big Bull candles show the presence of demand over and above supply, and thus a potential for upside. On the contrary, the bear candles are small and of less volume. Explaining the distribution and consolidation of previously purchased shares. Go ahead with the stock, with a limited down side risk. SL: 385 RR Ratio: 1:2 // 1:5 If you like my work, kindly LIKE the post, SHARE it with your friends and family, and FOLLOW the page to get free stock recommendations frequently. Thankyou!
NSE:BPCLLong
by Rachit_Sethia
Bitcoin 4hr analysis 12-30-2020Good morning again ladies and gentlemen and welcome back to my daily look into the world we call Bitcoin. Today I pulled up the 4hr time frame after retaking 28k (and losing it) overnight. No sweat though right? We crested around 28600 which means we created a new ATH. Very impressive bulls! 2 more days (including today) left in 2020. Can we maintain these levels into 2021? Lets take a look at what is going on with my busy chart this morning. There is a lot going on so I am going to cut to the chase this morning. We created a higher high overnight which I mentioned already. As long as we are consistently creating higher highs the bullish run isnt over. Although we do seem to be stalling out just under 29k. Perhaps this is the top but I will tell you I am sure not betting against the bulls. Not after what I have seen them do over the past few months. But when higher highs are evident on the major time frame it gives traders confidence as higher highs are typically viewed as bullish. I noticed that there was a small bearish divergence forming. RSI dropping while the price of BTC rose. This is inconsistent and therefore falls under the divergence category. I dont expect it to cause a huge drop or anything. At least not on its own. Sometimes a divergence is lackluster at best. Other times it can be the catalyst to a big dump. We have a big 2000 dollar + gap below us from last weekend and in order to fill that gap we need to drop to around 23500. Imagine being a noob in Bitcoin that just joined during this pump. They may see a drop to 23500 as bearish. LOL. But when you spent nearly 3 years below 20k anything above 20k is a beautiful site. I see my trading set up is finally beginning to catch up to the candles. I love and hate this. You see when these indicators I use on the regular (50 MA 200 MA and the cloud) are far below that is usually bullish as the candles rose so fast it left moving averages and the cloud far behind. The 4hr time frame shows us pretty much caught up to the candles (maybe not the 200 MA) But the daily has been pretty far above my trading set up. It still is which is one reason I have avoided analyzing it as much as say the 4hr. But even the daily time frame shows my trading set up catching up to the candles. Its been a long time coming. Lets look at the bigger picture. The 4hr time frame and the daily and weekly shows us all the same thing. We are above the key indicators I use to determine bullish vs bearish. The 50 MA and the 200 MA along with the cloud are all below us on these major time frames and as long as that remains the case I am still bullish. We have over 50 billion USD in 24 hour volume over the past 24 hours. The market cap for the King is over 500 billion dollars. That is goldman sachs money folks. All in a decentralized system with no centralized entity calling the shots. You see certain alts that shall remain nameless have centralized figure heads that can call the shots. Its a degree of centralization that some find helpful. I mean one person calling the shots sounds good in theory. Perhaps consensus can be reached faster if a centralized figure calls the shots. But that is what makes Bitcoin so unique. I guess what I am trying to get at is XRP is being sued by SEC. Someone told me Bitcoin was next. LOL. Who will the SEC go after? Satoshi? Good luck with that. No centralized figure would make it nearly impossible for the SEC to approach Bitcoin in any legal manner. Alts flew after Bitcoin relented back in 2017. As soon as we reached 20k 3 years ago we saw a decline in the price of BTC within a day or so. That money flowed into alts triggering what is widely known as "Alt Season". I have my eyes on Bitcoin like always but alts too. Although there is no guarantee that alts perform like 2017 but I am still watching. I remember back when I first got into Bitcoin, XRP was the big deal in alts. I mean I remember co workers coming up to me saying XRP broke 1 dollar. Than 2 dollars. Than 3 dollars. It was parabolic. I believe a lot of this XRP pump detracted from the BTC pop. It stifled the run IMO. This go round XRP got almost no love. In fact it was quite the opposite this go round. The alts listed below Bitcoin (or most of them) have been pretty boring. Alts were the hot topic back in 2017-2018. Back then we didnt have the halving directly at our backs. This pump we do. So there is a difference. I will be watching. If money starts flowing from BTC watch for alts to pop. No guarantees but that money is going to flow into somewhere. Either into alts or into bank accounts and now that people (US) are surely getting their stimulus the money may not flow as fast from BTC. But time will surely tell if that is the case. In the mean time please be smart with your investments my friends. Learn to manage risk properly. Lets end 2020 on a high note folks! And remember WTFDIK??? TLDR: New ATH 28,600 USD. Still above my set up on the major time frames. Higher high created over night. If we lose the 4hr 50 MA look out below (IMO)
by UnknownUnicorn4304403