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Bitcoindollar

Bitcoin near resistance level.Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema. On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels The bitcoin is forming a ascending triangle chart pattern on a bigger time frame. Support levels :- 41980, 37700 Resistance levels :- 44500, 45800 Wait for the candlestick chart pattern to be formed near the zone to find the movement in bitcoin.
BITSTAMP:BTCUSD
by Mambotrade
BITCOIN BELOW $ 45000 ! WHAT NEXT?BITCOINS JOURNEY SINCE DEC 2020 TO JAN 2021 The major cryptocurrency Bitcoin prices has recently slashed from $69,000 to $40,000 in about less then 2 months. Bitcoin was on its peak at $69,000 on November 10th, 2021 and it made a recent low of $ 39558 on Jan 10th 2022, a decline of 42%. However, in last few days it gave a sharp upside movement towards $45,000 from $ 39558 and trading between $42,000 to $43,000, but the question is that will this short rally will continue or Bitcoin has ended its rewarding era? TECHNICAL ANALYSIS LAST ONE YEAR HISTORY Over the last year, since 20th Dec 2020 Bitcoin started its upward rally and climbed to almost $ 65,000 in very short span of time and made its a fresh lifetime high of $ 64,895 on 14th April 2021. Investors who rode this rollercoster that started from $24,000 on 20th Dec, cherished the rally and a earned whooping return of almost 170% and that too only in 4 months (512% p.a). BUT, this rally didn't sustain and Bitcoin prices slashed to $28,600 on 22nd June 2021, which means it lost all the return it gave in less then half of the time that it gained in last four months. Though, Bitcoin never disappoints its investors, it started a fresh start from the mid of 2021. A fresh sharp rally was seen in Bitcoin, when the prices shot up to $69,000 on 10th Nov 2021 from just $29,000 on 20th July 2021, means it rewarded its investors once again with a three digit return. But, soon after making a fresh life time high of $ 69,000 on 10th Nov 2021, it once again moved downward and slashed to a low of $40,000 on 10th Jan 2022. CURRENT SCENERIIO Over the last year (as explained above) it has created a "M" shape return to the investors, which in technical langauage is called "A Double Top" pattern which is yet to be confirmed. According to this pattern if any script falls below the neckline (marked red in image) then prices may fall equivalent to the height of this pattern which is aproximately around $ 35,000. CONCLUSION If the price of Bitcoin falls below its recent low of $ 39,558 which it made on 10th Jan 2022, then we expect a further downtrend in bitcoin in 2022 uptill the mark of $25,000. So if you are a swing trader, you can make position with a stop loss of $ 39,500 (Marked Yellow in the image) for target of $ 45,000 to $50,000, But if you are a Value Investor, then you should only invest 30% of your total amount at current levels around $42000-$43000. Rest of the amount should be kept either for the further corrections or till the upward movment is confirmed by the upcoming trends.
BITSTAMP:BTCUSDLong
by moneymarine
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
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (47230.00). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 29. Take Profits: TP1= @ 53274 TP2= @ 57950 TP3= @ 59760 TP4= @ 62685 TP5= @ 64940 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 / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (55962.75). . 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 59314.30 TP2= @ 62033.55 TP3= @ 64871.92 TP4= @ 70000.00 TP5= @ 75000.00 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8