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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 MasterAnanda