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Bitcoin (Cryptocurrency)

UMA (UMA): AI coin is underpriced by the market – Time to buy?The start of 2023, the broader crypto market is bullish and its positive sentiment at the current bullish momentum could see UMA prices bounce higher. Can the UMA token price regain momentum and test new highs this year? Let's perform an analysis of the price of the UMA coin, but first like, share and comment. The UMA/USDT price is trading on the 4H chart inside a bullish channel (green lines) and close to the resistance just above it at § 2,173 (purple line), which once broken, projects a rise in the UMA prices up to the next resistance at the $3,045 range (purple line), with some correction in UMA prices on the way to gain momentum before breaking through the resistances above. On the other hand, if UMA prices miss the lower line of the bullish channel (green lines) it should test the support at $1,648 (purple line). The technical indicator of blue line and yellow line moving averages are supporting the UMA price action in favor of the direction of the uptrend in the very short term. Please read the warning below before making any decision. ALERT: As this analysis is public and market knowledge, it is easy for the market and the big manipulators to play against this analysis, if it is not convenient for the market, so that it can be misconfigured and invalidated, therefore the analysis price is always constantly updated, and can change in a matter of minutes, depending on which way the market manipulates the price.
Long
by Cryptocurrencytradersbets
2
Bitcoin BTC daily trend line cycleBitcoin BTC daily trend line cycle, the red line is the bottom in the past, breaking the previous support and turning resistance is the position where it will rebound and rise in the future, the vertical line is the future top date, the red hammer is the future top price, and the green line It is the top of the past. Breaking through the previous resistance and changing to support is the position of stepping back on the support now. It has successfully stepped back on the support in the short term, and it has belonged to the breakthrough trend line in the past. When the trend line is broken, it is bullish. When the trend line is stepped back, it is the last up The opportunity for the car, now the opportunity is in front of you, others are afraid to be greedy, and are ready to start a long-term bull market.
COINBASE:BTCUSD
by ZhongBenCong001
Time to go short on BTC ?With Bitcoin trading around a key resistance level and facing rejection from it on the daily timeframe, now might be a good time to consider shorting the popular cryptocurrency. While Bitcoin has experienced some significant price increases over the past year, there are indications that this momentum may be slowing down. With Bitcoin showing signs of lower excitement from investors, it may be wise to consider shorting it for the medium term. One strategy for shorting Bitcoin would be to maintain a stop loss on the long side, which would help to limit potential losses in the event that Bitcoin rebounds and continues to climb. Additionally, it's important to carefully monitor the market and look for any potential signs of a trend reversal, as this could signal a shift in the direction of Bitcoin's price movement. Furthermore, the recent rejection of Bitcoin from the key resistance level has resulted in the formation of a potential double top pattern on the daily timeframe. This pattern is often considered a bearish signal and could indicate that Bitcoin's upward momentum may be coming to an end. As a result, shorting Bitcoin at this time may offer an attractive opportunity for traders looking to capitalize on the potential price decrease. It's worth noting, however, that shorting Bitcoin does come with inherent risks, as the cryptocurrency market can be notoriously volatile. As such, it's essential to carefully manage risk by maintaining strict stop losses and monitoring the market for any potential shifts in Bitcoin's price movement. By doing so, traders can position themselves to potentially profit from Bitcoin's current market conditions, while also minimising their exposure to potential losses. Overall, while there is always a degree of risk involved in any investment strategy, shorting Bitcoin at this time could potentially provide a solid return for traders who are willing to take on the risk. By keeping a close eye on the market and staying vigilant in the face of any potential changes, investors can position themselves to take advantage of this exciting opportunity.
Short
by ujjwal_18
BTC/USD - Weekly OverviewThe past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K. On the Fibonacci retracement table, the 0.5 FIB level acted as a strong support zone for BTC while it currently faces resistance at the 0.786 FIB level. Technical indicators including the RSI and MACD have shown significant build-up for a positive bounce back. Overall, BTC is facing resistance at $23K and $25K, while the support levels can be placed at $20K and $18K.
COINBASE:BTCUSD
by TradeDog-Research
THIS IS BITCOIN TETHERUSSo as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we have to wait for the market to come in the POI price entering the box is called MITIGATION. 18FEB23 1:30 price entered the box and we can see a price consolidate. 19FEB23 13:30 placed short entry and my SL is above New HIGH which created on 16FEB23 21:30 @25250 RRR 1:3 21FEB23 13:30 we saw a rejection again! REJECTION FROM PREVIOUS HIGH!!! CORRECT ME IF I'M WRONG!!!
Short
by VIJETEJBHIMRAOTAMBARE
1
MFI indicator and how to work with itHello everyone, letit is in touch and today we want to tell you about one very cool indicator. MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods. it shows how attractive the asset looks. That is, the degree of intensity of investing money in it. At the same time, only the dynamics of the indicator is important, its value at a particular moment in itself does not matter much. That is, speaking in simple terms, there is a similarity with rsi, but here it is not so strict in terms of divergences and convergences. The indicator simply shows the discrepancy between the cash flow and the price of an asset. Now on bitcoin we can see this discrepancy. We had growth when money left the asset - this is a signal for a fall. Therefore, the team and I expect the asset to fall to the area of ​​21500-20200, and from there it will turn around. Below are some more examples of discrepancies. If you liked the article, then put a reaction and write a comment - it will help us a lot.
INDEX:BTCUSDEducation
by Letit_Trade
BTC/USD - Weekly OverviewBitcoin faced significant resistance from the crucial psychological mark of $25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%. MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment. However, on the Fibonacci retracement table, the level of 0.786 FIB level is proving to be a strong support level for the world’s largest digital asset. Considering technical indicators, the RSI level has formed a falling channel pattern and looking vulnerable to a breakout to the oversold region. The MACD level has also faced a bearish crossover and currently forming red bars on the histogram. Overall, the resistance level of $25K and $27K will play a crucial role for BTC this week. However, if the pullback continues, it can find support at $22K and $20K.
COINBASE:BTCUSD
by TradeDog-Research
$BTC AnalysisBitcoin rose 2.3% when it finally reached the middle of my liquidity box. This deal occurred in the early hours of the morning, so I missed it even though I wanted to participate. What follows then? I'll wait for Bitcoin to either break my liquidity box, which would then indicate that $22300 would be the next target on the downside, or for BTC to break the resistance trend line, after which it would consolidate before starting its next leg up. Weekly closing is one more thing to keep an eye on; I'll provide an update on it tomorrow. Not a financial advice Trade at your own risk
BITSTAMP:BTCUSD
by utkarshx27
1
BTC/USD - Weekly OverviewBTC had a positive crossover against the crucial psychological mark of $25K. The breakout suggested that there is significant positive momentum prevailing for the world’s largest digital asset. The RSI level is also trading at a bullish level (62.00) with the potential to have a positive breakout to the overbought region. However, the MACD level is looking vulnerable to a bearish crossover. Overall, the resistance levels for BTC can be placed at $25K and $27K. While, if the profit booking momentum kicks in, support levels can be placed at $23K and $21K.
COINBASE:BTCUSD
by TradeDog-Research