💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (46733).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 51232
TP2= @ 53410
TP3= @ 55439
TP4= @ 59526
TP5= @ 64793
SL= Break below S2
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Bitcoinforecast
Bitcoin USD price action analysisWhen bad news hit the crypto market, bitcoin started crashing. So I used Gartley's bullish harmonic pattern to find out possible reversal. It happened to be successful. Now I've used a bearish butterfly harmonic pattern to find out possible upside targets.
If on the upside Bitcoin manages to close above 59K for the day, we could see the next targets.
Is BTC Going Back To 50K ? Have a look What Coinguru Have to SayHey guys welcome for a fresh update on BTC
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Is BTC Going Straight up..
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Hey Guyz
Its been long haven't reach out to my audience..
Last few months was bit tough for crypto community and we bounce back well
So according my observation what i see is
BTC Shall retrace back to $44800 level as we received volume support here
and
Then will finally Bounce back to $48k - $50K region
In the meanwhile Alts Can see a short pump
as btc dominance is on verge to break neck line to the down
Don't Miss Out on it....
Give a thought to it and manage your risk carefully...
Let me know whats your target and suggestion In Comment Section
Will Be back with another Premium Analysis 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...
Bitcoin Making RSI Divergence Pattern- Possible BreakoutsFollowing chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
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.
Bitcoin Price ForecastCrypto Market has no strong confirmation of reversal.
Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again.
Key SAR level are
R1 / R2 : 36k$ / 41k$
S1 / S2 : 28k $ / 19K$
Bitcoin Descending Triangle PatternA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
KEY TAKEAWAYS
A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
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 .