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Bitcoin (Cryptocurrency)

Bitcoin Going towards 10K ! Find out the next move of BTC NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ... A trendline which is acting as resistance ATM A sideways Channel that indicates sideways move on the chart Our Last TP as mentioned in the previous article SCENARIO NO 1- So basically we are moving sideways ATM and we might see a huge red candle on the chart if 1 HR candle closes below our TP of $16463 (that will be our road towards 10k ) SCENARIO NO 2- Here if we break our sideways channel towards upwards direction and somehow if we manage to cross $16878 , and if we break our resistance trendline and 1 HR candle closes above that ,then only we might see a relief rally towards 18,000$ again (less probability if we look at larger timeframe) MY Personal TRADE IDEA - Open a SHORT position at $16463 , and put a SL at $16898 and TP will be 100% ,200%, 300% ...... 1000% in Short term (only for leverage above 20x)
Short
by born2tradecurrencies
BTC/USD - Weekly OverviewSince the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end. It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also tested the resistance zone multiple times but was unable to have a positive breakout. On the moving averages, MA-10 is still sustaining the positive crossover against MA-50 which is a positive sign. At the same time, MA-50 is proving to provide support to the world’s largest cryptocurrency whenever selling pressure is faced. The RSI level is also sustaining within the rising channel pattern formulated on the chart. Overall, BTC might be consolidated in nature but sustainability above $17K could lead up to positive developments towards the end of the year. The resistance levels can be placed around $18K and $19K while the support levels can be placed at $17K and $15K.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/USD - Weekly OverviewThe past week has regenerated positive sentiment for the world’s largest cryptocurrency as it broke and maintained sustainability above $17K. The bullish rally could be reflected in the expansion of Bollinger Band’s width. Moreover, MA-10 was able to have a positive crossover against MA-50 which could be a potential signal for more bullish momentum to come in the near term. However, BTC still needs to have a bullish breakout above the 1.0 FIB level which will help to test the crucial psychological mark of $20K. Considering the technical indicators, the RSI level is standing at the bullish level of 62.51. Further build-up might test the resistance levels of $18K and $20K, respectively. However, any climb above 70 might be an indication of profit-booking momentum. This can be support levels of $16K and $14K into action.
COINBASE:BTCUSDLong
by TradeDog-Research