BTCUSDContinuously sideways in 2225 points wait for proper breakout last time it tride but failed now it reached again at same level.
Bitcoinbullish
Bullish for one month from this weekend - 19100 to three greensThe lower C positioning and a small bottom peak formation will be seen soon and gets bullish. Looking forward with the 1 to 2 month upside waves with three green lines on possible target. If Bitcoin is going on bottom to 4 digit then its gonna check the nearby resistance that will be last time decline spots by 34000 - where it brings the upside refreshment for traders and go down to 4 digit value. Sell later at the resistance, not now.
Bitcoin view 14/04/22.Bitcoin is trading around a crucial fib level on a weekly time frame of 41390 (0.50 fib level).
It seems bullish on higher time frames of weekly as it has taken support form 0.382 fib level, for swing trades we can enter is a 4 hour candle closes above 41500.
On daily time frame analysis, it is forming a lower highs and lower lows and has given a cross over of moving averages, thus looks bearish.
If the price drop below 39300 it can test levels of 37500-600.
Support :- 40400,39790, 37600
Resistance :- 41390, 42100, 43010
On 4 hourly time frame, it has crossed its 20 ema with a bullish candle and is trading in a range.
Wait for the level to break convincingly and there can be a trend reversal in a shorter time frame.
BTC Weekend Bull Posting In the face of tightening monetary policy by the FEDs, this scenario is probably not going to
play out.
However, in case that if it does, this is what I think that is going to happen:
FED announce the speed up of the taper schedule during 15th December Press Conference
Stock Markets start tanking even further, but BTC hodls the range
For the next 3-5 months, stock markets go all red, however, the BTC stays in the range (like May-July range)
At the end of it, stock markets slip too much and the FED are forced to restart their money printing activities in order to prevent a total economic collapse
BTC breaks out of the months long range, proceeds to Mission $100,000.
Fractals align so perfectly that my mind wants to believe that this can actually happen!
Bullish view will get invalidated as soon as the price breaks and closes below the red line on the daily.
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
