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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum alongside. On the moving averages. MA-20 is providing strong support while residing at around $23.9K. Any breakdown below it can result in bears coming back into the scenario The RSI level is also maintaining strong sustainability above 50 but is being regularly tested. For further emphasis, we have used DMI which reflects upon the prevailing sentiment. A positive crossover of ADX against +DI is witnessed on the chart which suggests -DI has some room to increase the negative sentiment. Overall, BTC is currently being traded at a critical level wherein it needs to find sustainability and positive sentiment to carry forward the bullish momentum built over the past month. The resistance levels can be placed at $25K and $27K. Whereas, support levels can be placed around $23K and $21K.
COINBASE:BTCUSDShort
by TradeDog-Research
BTC/JPY - weekly Analytics + Altcoins 15.08.2022Bitcoin continues to be in a key range (see the chart). The main level for consolidation and continuation of the uptrend is 3286900. Pro-trading, price consolidation above it will increase the chances for further growth of quotations. We are continuing to monitor the situation. Altcoins: Tron also continued to consolidate, which indicates the levels formed by a major player to gain a position, after the final break of the correction we expect the acceleration of the trend.
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 15.08.2022Bitcoin continues to be in a key range (see the chart). The main level for consolidation and continuation of the uptrend is 24.450. Pro-trading, price consolidation above it will increase the chances for further growth of quotations. We are continuing to monitor the situation. Altcoins: Tron also continued to consolidate, which indicates the levels formed by a major player to gain a position, after the final break of the correction we expect the acceleration of the trend.
by Yosu_Fund
Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its 200 ema on hourly time frame. Wait for a close below 315 level on the daily time frame. Good risk to reward ratio is there if the coin starts to dip. Wait and watch the price action before shorting the coin.
Short
by TheMamboMomentum
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time frame. Once the pattern gives a break out, bitcoin can give nice targets on both side. Watch for the price action before trading the setup. Support and resistance levels are mentioned in the chart itself.
BITSTAMP:BTCUSD
by TheMamboMomentum
BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency. The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10. Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTCUSDT Analysis for 03/08/2022 by DMFX partner of OCTAFX With reference to the BTCUSDT Performance, I am providing the Analysis Based on SMA, Resistance, Support, and RSI Weekly Analysis - Bitcoin has made a decent comeback after a long/ Big fall in the Period of April to June ( 48000 USD to 20000 USD ) It started gaining momentum again / The bulls are going to take it back from last few weeks i.e. From 20000 USD to 23000 USD. Continuous 4 candles rally that is bullish. In the last week, it has made a Spinning Top candle that gave some indecision in the market or The present ongoing trend is weakening. We need to wait for the market to give a proper trend that can be Bullish or Bearish. Daily Analysis: Looks very bullish as the past 5 candles look promising that bulls are not going to book profit. they want to push the market to further figures but is in the Consolidation phase between two channels / Parallel channels it has to come out for confirmation of direction. stay tuned for more analysis like share and Comment
Long
by kingprenuer
Bitcoin daily chart on CME Bitcoin daily chart on CME - we are in a weak bullish channel with a Doji Star on the red arrow giving the signal for the reversal. At the moment falling to 2 possible prices 1- 22,190.00 dollars Fibo 61.8 of the last high leg and the other target is 21,095.00 which is the mejure move ABC. Note we are close to the main bearish trendline. We can see this channel being a possible bearish flag setup. When it hits this trendline, it can break up and go for $30,000.00 or it can fall and go for $17,500.00 to $18,500.00 Not to financial advice.
CME:BTC1!
by Chemintrader
BTC/JPY - weekly Analytics + Altcoins 01.08.2022At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 2774000 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the coin TRX is 0,07, the price is pressed to it, further breakdown will accelerate the upward movement.
Long
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 01.08.2022At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 20,500 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the coin TRX is 0,07, the price is pressed to it, further breakdown will accelerate the upward movement.
Long
by Yosu_Fund