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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe new year started off quite well for the world’s largest cryptocurrency as BTC was up by 1.30% in the past 24 hours. The price level had developed a temporary support zone around $16.5K through which it is looking at the potential to test the resistance zone above the 0.236 FIB level. It must be noted that BTC has not been able to break above the 0.236 FIB level and maintain sustainability thereafter. A breakout could be a significant indicator that Bitcoin can commence the year with significant bullish momentum. Supporting the hypothesis are RSI and MACD levels. The RSI level is showcasing positive nature on the chart while standing at 53.74. The MACD level also had a bullish crossover below the histogram with a green bar formation. If the levels are able to climb above the histogram, we could witness a significant positive momentum for Bitcoin. Overall, the resistance levels can be placed at $17K and $18K, respectively. The support for BTC can be placed at $16K and $15K, respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/USD - Weekly OverviewThe past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level. The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level The MACD level is still attempting to cross above the histogram. Overall, BTC is facing significant resistance at $17K and $18K thereafter. On the support side, $16K and $15K are the levels to watch out for.
by TradeDog-Research
TATA motors - BREAKDOWNThe descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing. traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend. First, let’s study the case of the descending triangle reversal. Typically, the descending triangle is more powerful when traded in the context of a trend. It’s also more powerful when traded in the direction of the prevailing trend. However, the descending triangle reversal pattern can potentially reward you with bigger profits if traded in the right context. We only trade the descending triangle reversal pattern when this price formation develops at the end of a bullish trend, and in the context of an uptrend. The reversal chart pattern emerges as the buying activity declines and the market fails to make fresh new highs. This shows that the supply-demand imbalance is shifting in favor of the sellers as buyers get exhausted. In this case, we’re going to be looking for the flat bottom to get conquered by the bears. The potential support breakout can signal a powerful trend reversal.
NSE:TATAMOTORSShort
by SUTHARTRADE
BTC/USD - Weekly OverviewThe past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick formation. Thereafter, BTC was not able to maintain sustainability in the resistance zone also led to a breakdown below 0.236 FIB level on the Fibonacci retracement table. Currently, the price level has again entered the lower consolidation range. Considering the technical indicators, MA-10 is vulnerable to have a negative breakout against MA-50 which could be an indication of further downfall. The RSI level has also disrupted its rising channel momentum causing a negative breakdown. Overall, BTC is looking vulnerable to retest support zones residing at $16K and $15K. In case of a positive comeback, it can face resistance at $19K and $20K, respectively.
COINBASE:BTCUSDShort
by TradeDog-Research
BTCUSD SELL IDEALook for occasional retest and confirmation, trade is simple Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
FOREXCOM:BTCUSDShort
by CELGIB_TRADING
Bitcoin Blueprint Fibonacci CirclesAn enlarged version of the daily line of the Fibonacci circle of the Bitcoin blueprint, a closer look at the position between the K-line and the circle, and an accurate grasp of the biggest ups and downs in each general direction. The core is to be able to buy at the lowest and sell at the lowest The highest, this picture has completely solved all this, the red center circle is the top in the past, the two thin blue circles above are the positions where the top broke in the past, the dark green is the bottom and the position where it broke in the past, and the thin orange is the position in the past Tops and previous lows, thin yellow lines are past top highs and lows, thick green lines are past top breakouts and past bottom lows and future bottom lows, thick yellow lines and thick blue lines are past bottoms and future bottoms The bottom is the bottom after reaching the thread, all accurate to the tip of the needle.
COINBASE:BTCUSD
by ZhongBenCong001