Bitcoin (Cryptocurrency)
Crypto trading challenge (BTC SHORT)took this trade earlier, my poi will be towards 16500's for now to start looking for any longs !
i try to stick to basic pa with minimal help of technical analysis for taking all my trades. also , for this trade, i had set a limit order because it was a high conviction setup even though usually im against it.
will keep updating the challenge here occasionally!
BTS LONG SETUPBINANCE:BTSUSDTPERP
Good to Long at Support .USE SL AS 2.50%
FOLLOW FOR MORE
FROM: 𝕄🌚🌚ℕ𝕋𝔸ℕ𝔾 ℂ𝕃𝔸ℕ™️
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.
Bitcoin Futures GapThe red fall has not been covered, the green rise has not been covered, and the gray-white rise and fall has been covered. The red horizontal line is the K-line gap caused by the rise in the past two years ago, and the green horizontal line is the K-line gap caused by the decline in the past year. , The gray and white lines are all the gaps that have been filled in the history of Bitcoin. The low price of the red line is more than the high price of the green line. The probability of filling the gap in history is 90%~100%. It is only a matter of time before the gap is filled. The thick line in the picture is a big gap, and the thin line is a small gap. The lines in this picture can be used for a long time.
Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern.
Neckline is where bitcoin has taken support as seen in chart.
Generally target from top to neckline is expected in double top.
Let us see whether bitcoin makes new low from now to reach target as marked in chart.
BTC/USD - Weekly OverviewThe technical chart of Bitcoin reflects on the consolidation faced since the past week. On the chart, the consolidation rage is formbed between the price levels from $15.5K to $17K
Considering the technical indicators, RSI level is facing strong resistance for a positive breakout above 50. Currently, the level is showcasing negative nature while residing at 39.92 at the time of writing. MACD level is also having a hard time to climb above the histogram. However, it should be noted that green bars with considerable density are being formed on the histogram which can result in a positive trend in the near term.
The whole outlook for the world’s largest cryptocurrency is still skeptical with the current market conditions. However, BTC taking a breather and forming a consolidation zone might be the need of the hour in order to avoid further downfall. It is also have strong supports at $15K and $13K. In case of much needed upside, Bitcoin will face resistance around $17K and $19K.
BNB in great opportunity Hello its J again
After a long time and a boring bear market I can feel , see and imagine great buying opportunity for BNB at the dip price from 255 to 270 and the possibility to increase up to 650 or even for a new ATH in the upcoming weeks.
Actually I believe the price is in a triangle pattern and it shows that it has some potential to be in an up trend for several weeks .
thank for comment , like and sharing my idea
best regards J
Trading Signal For BTCUSDT BitcoinTrading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 15924.00
⭕️SL @ 15663.00
🔵TP1 @ 16566.00
🔵TP2 @ 17000.00
🔵TP3 @ 18000.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
BITCOIN more pain ahead bearish flag consolidation target 14000!After breaking down with heavy volumes, Bitcoin is consolidating in a tight flag pattern. The breakdown of which would take it straight to 14000, this would also be the 5th wave of structure. After that it will be left to seen how it takes support there. I'd advise longs to stay away until there is a proper bullish confirmation above the resistance. BINANCE:BTCUSDT
Bitcoin Short-Bearish Pennant BreakoutBitcoin is making a pennant pattern which is about to breakout. It's a bearish pennant ,formed in 4h time frame.A bearish pennant usually breaks out downward but during the mixed emotions of the market and its' volatility can be cause of uptrend too.Also the market is on downtrend for a long time so a up move can be expected too.
But the major signs is in favour of bear market so keep an eye guys.wait for the move.The targets of upward is 18916 and 20997.and the downward target is 15640 and jump to 12133.Happy Trading.
Bitcoin analysis its bullish! untill we have any bad newsBITCOIN is looking bullish accorrding to my analysis . bitcoin has achieved its weekly target and its time for bitcoin to do some weekly retracement too.
You guys can check the chart and do the analysis
Also use the RSI to check weekly divergence
BINANCE:BTCUSDT
BTC bitcoin weekly Fibonacci!BTC bitcoin weekly Fibonacci, high-precision price, including bitcoin's short-term, medium-term, long-term, top and bottom prices, support and resistance prices, breakout and breakout prices, rebound and return Step on the price level, bull market price, bear market price, as long as you know how to use it, this picture is your money printing machine, the cryptocurrency market news is flying all over the sky, it is better to stand firm with a few lines, and listen to others, it is better for you to understand This picture of me Satoshi Nakamoto, more details are waiting for you to discover, all in the picture.