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Bitcoinanalysis

BITCOIN is about to BOOM! Tap to check my analysis!Hello traders, Welcome to my page. Here is a quick analysis of Bitcoin where I will be sharing why Bitcoin is about to boom! On a daily time frame, I have observed a couple of indications for the same- a) After falling 55% from its recent high, we can see a clear base formation (accumulation) happening in it. We can further check this through the volume profile. Hence, we have a confirmation here. b) When we analyse the Relative Strength Index (RSI) (It is a momentum indicator), we also see that the price is making a lower low, while RSI is making a higher low; which suggests that the price is falling but with a low momentum. c) Finally, after the huge fall, bitcoin has managed to cross its 50 EMA and also gave a retest. Considering all the above observations, I have come to a conclusion that BITCOIN is looking good to go LONG. 1st Target: 60100 (Partial profit booking) Stop loss: 36650 Although, I will be trailing my position and if the market supports, then we will be seeing a new high i.e. Bitcoin moving above 65000 mark! If you gained some knowledge from my analysis, then please like my post. Also, if you have any query, then please drop a comment, I will be more than happy to respond. Regards, Keshaw H. Agarwalla
Long
by Keshaw_Agarwalla
Inverted Cup and Handle Pattern: A Bearish Technical sign......What is an ‘inverted cup and handle’? An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle. If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted cup and handle is the opposite of the regular cup and handle. Instead of a ‘u’ shape, it forms an ‘n’ shape, with the handle bending slightly upwards on the chart.
Short
by cryptocult-OMC
BTC Multlple Pattern Breakout As u can see on the chart ... BTC has given multiple pattern breakout 1) Rounding bottom 2) Inverse Head and shoulder 3) Trendline breakout (with good volume) Currently it has given the breakout and Retesting it .. Levels are mentioned in the Chart It can be bought at CMP with SL mentioned in the chart with immediate Target of T1 for Swing Trading Also, if it breaks T1 with good volume... it can go up further and you can Hold it long Note: - I am still newbie .. and learning all the stuff ... Please correct me if i miss anything Disclaimer : - This is not an investment advice, Just for Education Purpose only .
BLong
by r-ya
important bitcoin update bitcoin chart is forming bilateral symmetrical triangle Symmetrical triangle can either be bullish or bearish, Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs but if we look BTC daily and 4hr chart, then overall trend is bearish So there is more probability that bilateral symmetrical triangle can break down. And once it breaks down, then bears become more aggressive and price can drop quickly and resume downtrend. short seller can open short positions if the price breaks down the triangle and wait to retesting trend line This is my personal view about bitcoin price . Take it as educational purpose.
by sunnystar665
BitCoin – Next Tulipmania?BitCoin – Next Tulipmania? Selling Pressure is seen in BitCoin after Elon musk announcement. Chart is around its major support level. If 39520 breaks on weekly basis then Prices will easily reach 26650. Extended target can be 19100. If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk reward. Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
CME:BTC1!Short
by SagirKazi
BTCUSD LONG SETUPBTCUSD looks strong on the upside. The chart first formed a strong support with TDI diversions. Followed by the first leg of up move. We are watching some resistance because of the trend line firstly and secondly this area has acted to be a resistance zone earlier too, hence 55000 is an important zone. Now two trades are possible- Case 1- Breakout- If it breakout above 55300 then it is a good buy. Case 2- We can see a pullback and if it takes support on the trend line then we can add long position. In both the cases, a strong up move is expected which can take it to 57000 followed by 60,000 levels.
BITSTAMP:BTCUSDLong
by Siddharth_Ruhil
URGENT BITCOIN UPDATE BEFORE BIG MOVEHello masters, hope you having a good day in this profit season. Even if you are not making then don't be upset, opportunities will come and go. Here is the update regarding BTC price, price at major resistance right now and it trying hard to break this current zone to make new all-time-high. If this trend continue maybe we will see BTC at higher price soon. Quick short note to understand price movement better....... - Price is above triangle and if recent dump was just a retest of breakout level and to cool down Funding Rate(important factor), WELL in that case price is ready to shoot and can pump massively. but wait a second...always be prepare for opposite direction also and make your disicion accordingly and make sure you always place stop-loss. This is my first idea hope you like it, if yes then please do like and follow :)
BITSTAMP:BTCUSDLong
by meshbtc
BITCOIN triangle breakout was expected 64k will be next targetBITCOIN The recent bullish trend has given a strong confidence in crypto investment. Bitcoin has managed to break the 60k level and felled back again below 60k level Currently it was trading below the 59k level.At this level we can see a consolidation phase for the past 3 days soon we can expect a breakout here. I have identified one triangle formation here which is a clear sign of upcoming breakout on either side.On downside 50% Fibonacci will hold BTC in remain in Bullish territory while writing this analysis the price is just above the 61.8% Fibonacci level this will also provide support for bullish trend. The 50,100,200 Exponential moving averages was acting as support for bull.Ichimoku cloud is still green and proving cloud support.Bollinger band was slowly constricting a but which is a sign of either side breakout. RSI is well above 50 level,MACD is still green and the band was minor only. Stochastic has reached around 75(short term fall was expected) Trend line drawn from 11/03/2021 will act as dynamic support and resistance for both the bull and bear. 54K was acted as clear support for bull twice. We can buy while retracing towards 50.00% Fibonacci if we missed this chance we can also buy after clear break and retest. The possible upper side target was 64k. Trade call Buy @ 57500.00 Take profit @ 64000.00 Stop lose @ 57750.00
BITSTAMP:BTCUSDLong
by forexorbit