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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe world’s largest cryptocurrency is now eyeing to break above the crucial mark of $30K. In the past week, BTC did face profit booking momentum which forced the price level to drop to $26.5K. However, the level bounce-backed and currently maintains sustainability above 0.236 FIB level, which is a positive sign The expansion in the width of Bollinger bands suggests that BTC might be ready for another potential upside. For breaking above the $30K mark, the RSI level must sustain above 50 but currently showcasing negative nature. Overall, BTC bulls will face resistance at $30K and $32K. On the contrary, if the profit booking momentum again kicks in, support levels can be placed at $27K and $25K.
COINBASE:BTCUSD
by TradeDog-Research
BTC/USD - Weekly OverviewThe world's largest cryptocurrency developed a much-needed sustainability above the FIB level of 0.236 FIB level. However, MA-20 looked vulnerable facing a negative crossover against MA-50. This may result in a breakdown below 0.236 FIB level. The RSI level also showcased its negative nature while residing at the level of 36.72. Overall, the support levels for BTC can be placed at $26K and $24K. While the resistance levels can be placed at $30K and $32K.
COINBASE:BTCUSDShort
by TradeDog-Research
BTC bitcoin big cycle ABC waveBTC bitcoin big cycle ABC wave, the green line is the trend line is the target position of C wave rise, the vertical line is the time period of arrival, three waves ABC, A wave rises, B wave falls, C wave soars, and the long line is mainly back to the highest in history Nearby, and broke through the highest point in history, and finally rushed to a record high of more than 100,000. The volume of C wave can be enough to rush to a position close to 200,000. The surge of C wave will definitely hit a record high and break through 100,000.
COINBASE:BTCUSD
by ZhongBenCong001
1
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 Followtrading
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