Get started

Bitcoinprice

BITCOIN :- Resistance, Testing, and short Key Points: Bitcoin currently hovers around $40,900, sitting on the lower edge of a sideways trading channel. A confirmed channel break with strong volume could lead to a retest of $30,391 (previous breakout level). Wait for price action to consolidate and confirm support at $30,400 before considering long positions. Technical Analysis: The price resides at the channel's support zone, testing its validity. A breakdown through $40,900 with increasing volume signifies bearish continuation. The RSI remains neutral, offering inconclusive momentum signals. Strategy: Neutral: Observe price action at $40,900. If a clean break with volume occurs, wait for confirmation of support at $30,400 before entering long positions. Alternatively, a bounce off $40,900 with rising volume could indicate a potential trend reversal, warranting further observation. Risk Management: Prioritize risk management with well-placed stop-loss orders. Adjust your strategy based on confirmed price action and volume patterns. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own thorough research before making any investment decisions
COINBASE:BTCUSDShort
by TRADING-NASA
BTCUSDT: Bulls are getting hotToday, BTCUSDT is receiving strong price support as it has surpassed the psychological resistance level of $46,000 and is directly facing the resistance level from the past at $47,000, as shown on the chart. Why does RKarina believe BTCUSDT is heading towards a new record target? The EMA 34 crossing and reversing over the EMA 89 is a strong signal for an upward movement. Additionally, when using Fibonacci extensions, the price has formed a DOW pattern with profit-taking targets at 1.618 and 2.618, which coincide with the peaks at $50,700 and $66,500 respectively. These are the levels that buyers are currently aiming for as the price steadily increases and receives strong support over the past few months. RKarina's immediate target is set at the psychological level of $50,000. What about you? Do you think BTCUSDT can set a new record again
Long
by RKarina
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally. #Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies. #Historical_Timing: Notably, each of these support tests has historically occurred in the month of January. #Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
Long
by tradewith_ritik
The Bitcoin Charts Of 2020 And 2023Crypto Analyst Reveals Uncanny Similarities In The Bitcoin Charts Of 2020 And 2023 A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend. What Happens If This Trend Continues? If the historical performance of Bitcoin back in 2020 is repeating itself once more, then it is very bullish for the price. This is because 2020 is actually the year the last bull run began. From December 2020, going into the year 2021, the Bitcoin price would rise continuously to beat its previous all-time high set in 2018.
Long
by saurabhbhola80