Bitcoinanalysis
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 :)
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
#bitcoin #btcusd #cryptoBITSTAMP:BTCUSD
one more strong resistance for swing coming. book your long only if find reversal at resistance. if find reversal one can go for short as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
IMPORTANT BTC UPDATE !!! ARE WE GONNA SEE NEW ATHHey guys welcome for a fresh update on BTC
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BTC forming New Pattern !! Have a Look...
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Look At Chat Guyz..
As btc is caught under 34k-30k level, BTC is trying hard but facing strong resistance and support....
But Look at what i am seeing..
BTC is forming a "W" pattern which can broke out very nicely
And I'm Confident in saying it Because Bulls are entering now
look at the rsi trend it is showing that bull have entered now and BTC needs to decide its direction..
So most likely is that btc will broke out with this "W" pattern
And Clever One can make a lot out of it
So guyzz be ready
and
Set your targets & let me know in comment section...
Give a thought to it and manage your risk carefully...
Will Be back with other Premium Trades in the mean time..
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Thanks for reading... Give us a THUMBS UP if you like it...
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this is Husain Zabir, signing out
Thankyou...
Two buy opportunities on this chart for NEOBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00173).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.00199
TP2= @ 0.00213
TP3= @ 0.00232
TP4= @ 0.00252
TP5= @ 0.00274
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00180).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 0.00199
TP2= @ 0.00205
TP3= @ 0.00228
TP4= @ 0.00245
TP5= @ 0.00273
SL= Break below S2
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Two buy opportunities on this chart for LENDBTC Mid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000577).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LENDBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150
SL= Break below S2
-----------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LENDBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150
SL= Break below S2
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Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
---------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
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Don't miss the great buy opportunity in DASHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00686).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.00809
TP2= @ 0.00880
TP3= @ 0.00980
TP4= @ 0.01153
TP5= @ 0.01360
TP6= @ 0.01610
SL= Break below S2
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BTCUSD Second Chance: Profit=76% SL=5% Reward/Risk > 15.2:1Second Chance Trade Setup summary:
Profit targets=76% = {TP1= 6% + TP2= 8% + TP3= 11% + TP4= 16% + TP5= 20%}
Stop Loss =5%
Reward/Risk > 15.2 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (10004.00) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP1= @ 10628.00
TP2= @ 10841.00
TP3= @ 11124.00
TP4= @ 11632.00
TP5= @ 12050.00
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First Buy Current Status:
Total Profit: 10%
Closed trade(s): 0% Profit
Open trade(s): 10% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 10004.00 based on 'previous Forecast' at 09.08.2020 :
Open Profit:
Open trade is 1024700 (current price) - 10004.00 (open price) = 2%
5 trade(s) still open, therefore total profit for open trade(s) is 2% x 5 = 10%
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
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Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (10004.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 10628.00
TP2= @ 10841.00
TP3= @ 11124.00
TP4= @ 11632.00
TP5= @ 12050.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️