Short Term Bitcoin - 19 April 2022 - BuyHi
As per the Chart and its prediction, we can Buy at cmp of 40806 with SL of yesterdays low of 38540 and taraget could be big, with first target of 47000 and then 51000.
As of now RSI has gone above 40 and macd is turning bullish.
We might have a glorious rally in coming weeks.
The risk reward is around 1 : 3 and more.
Else if in intra trades...buy the dips is the mantra.
Will keep on reviewing untill targets or the SL is hit.
Disc:- only for educational purpose.
Bitcoinforecast
Intra Day - Analysis - Bitcoin - MACDHi,
This chart with help from Macd , one is 15 mins Macd and the other is 1 Hour Macd.
1 Hour Macd is above Zero line & hence we will look out for Buy only.
Currently the price is above Pivot Level.
And the 15 mins chart will give a clue along with EMA when to go Long.
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.
Bitcoin's lifetime Fibonacci Lines & DiaryBitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies.
I've drawn multiple scenarios for reversal without having an ambitious target like bitcoin maximalists or Cathie Woods. It's possible but not anytime soon.
Stick to entering your positions on any resistance line that could potentially become support.
And stay away from scalping for a few weeks :D
BTCUSDT chart shows the indication to take support @ 40856.57.BTCUSDT chart today shows the indication to take support @ 40856.57 and if it breaks that level in 4 hour time frame on Monday UTC market open time, we might see a fall to 39097.76 within next 4 to 5 candles of 4hr TF. I will not trade futures until the candle remains in the red rectangle zone shown in my chart.
BTC shows a weak support @40856.57 and very strong support at 39097.76. I am taking part entries for my spot in #solana,#sand, #ada, #atom, #iotx and #avax
Once BTC reaches 39097.76 I will take major spot entries in above mentioned alt coins.
Happy & Profitable trading to all crypto community. :)
Ethereum gives a nice breakout of "W" Pattern.Ethereum has streched for contunues week and changing the trend near the support level.
Its taking support from the 20 ema on a weekly time frame.The price has tested the support and has given a upmove.
On daily time frame too there is a bullish momentum in the price as its taking support from 20 ema and has given a cross over in the moving averages.
Ethereum can run either side as its trading between 20 and 200 ema on 4 hour time frame.
Support :- 3100, 3020, 2950
Resistance :- 3434, 3675
It has support near its trading price and can reverse form the support.
On a short time frame there can be a resistance at 3320.
So wait for the price action near the levels before trading the coin.
Bitcoin forming evening star.Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels.
On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over.
It can retest its 20 ema on 4 hour time fame and fall further.
Support :- 42100,41380. 39790
Resistance :- 43010,44550, 45600
Supports may be breached once the price trade below the levels and sustain.
Bitcoin has streched and can come futher down to test the levels
Wait for the price action near the levels before trading,
This is the BTC Chart for 4 Hr TFKeep an eye on 4 hr time frame of BTC. As it breaks the level of 42000 and 41000 we might see more correction in BTC & if it retraces from 42000 and 1 day candles shows close above 42000 we might see few 1 day bullish candles.
Please Note: Both the momentum indicators (RSI and Stochastic) shows over sell zones in 4 hr TF which is only the positive news to show some bullish candles.
BTCUSD FORECASTThe market's recent move on the BTCUSD shows a strong bullish sentiment. The forecast on my chart suggests that there are two alternative outcomes from the current move, it is important to view the market with an (IF-THEN) attitude towards its movement.
1. The market broke structure on the Weekly Timeframe, the forecast anticipates a continuation from the Demand Zone indicated.
2. The market might plunge down again to the bottom to fill more orders to go up. Specifically, the 31131.36 zone is an unmitigated zone that activates the bullish momentum that will drive the market.
BITCOIN ANALYSIS Hello, bitcoin long-term swing trade buy: 46,000$ target: 65,000$ stoploss: 41,700$.
LOGIC BEHIND TRADE: Bitcoin has formed w pattern on 1w chart & given breakout of resistance breakout buying (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. Bitcoin can go upto all time high. BITSTAMP:BTCUSD
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.
#Btc triangle forecast 4hr TF Ready to sky rocket#Btc triangle forecast 4hr TF, as i mentioned in my last btc update where price is moving towards the 5th position. Now #btc is ready to bounce and hit the 6th target.
#BTC struggling to break the $40,000 again but price is hodling the support around $38,200. Price wicked below couple of time for the Liquidity grab. Viewing on daily TF, price is moving in a large range of $38,200 to $45,000 mark. We need a break and close above the major resistance level and price needs to hodl above it for sure.
#Sky_Rocket #btc