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Bitcointrading

BITCOIN 21-March-2023 ANALYSIS AND PREDICTIONSToday as we can see IN bitcoin price there is an resistance range between 28269- 28861 and a strong support zone is in between 26986-26807 SCENARIO 1 If we see a strong breakout above 28800 then only we should buy SCENARIO 2 For today if we see a breakdown below 27600 we should take take profit at support level because from there we can see a bounce back. CONCLUDING ANALYSIS Today I can see a range bound movement between 27600 - 28800. Strong breakout above 28800 can take the price upto 29000 and further more Wait for a clear and decisive move above or below of the given levels. ✅ BITCOIN SUPPORT AND RESISTANCE LEVELS SUPPORT 1 - 27600 SUPPORT 2 - 26800 SUPPORT 3 - 26000 STRONG SUPPORT ZONE - 26986-26807 RESISTANCE 1 - 28861 RESISTANCE 2 - 29394 RESISTANCE 2 - 30731 STRONG RESISTANCE ZONE - 39875-40000
BINANCE:BTCUSDLong
by kislaysumit
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the crypto markets follow the similar trajectory of the US market. Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA. It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels. On the hourly time frame, it is trading between 20 and 200 ema. Support :- 19290, 18870, 18600 Resistance :- 19630, 20000, 20330. The price range from 19290 to 19630 is a no trading zone. A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart. Wait for the price action near the price levels before entering the markets.
BITSTAMP:BTCUSD
by TheMamboMomentum
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time frame. Once the pattern gives a break out, bitcoin can give nice targets on both side. Watch for the price action before trading the setup. Support and resistance levels are mentioned in the chart itself.
BITSTAMP:BTCUSD
by TheMamboMomentum
bitcoin pullback trade setup after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the pattern indicates the up move possibility duration of the trade could be short term trade with proper risk management and position sizing
Long
by Jimmy_Rebello
Bitcoin trading in a triangle.Bitcoin trading in a descending triangle formation after fall. It has been consolidating in a range after failing to hold its 20 ema on weekly chart. Bitcoin has recently tested its weekly 200 ema has is consolidating just above it. There is a resistance and a support which has been tested many times and once broken can give nice targets. Support :- 27100, 28650, 28500 Resistance :- 30500, 31800 The coin is silent for half a month. Watch for the price action near the triangle breakout. #bitcoin #btcusd
BITSTAMP:BTCUSD
by TheMamboMomentum
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.
BITSTAMP:BTCUSDLong
by TheMamboMomentum
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,
BITSTAMP:BTCUSD
by TheMamboMomentum
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 TheMamboMomentum
Bitcoin Analysis !! #Bitcoin📈 Bitcoin 📉 It has broken out from downtrending trend zone and given first signs of forming higher high higher low. Started forming up upside trending trend zone (this zone is yet to be tested to be strong support zone). Immediate Upside resistance is at 46000 levels. Have to watch how price behave around these levels. My Personal view :- Price should face rejection at 46000 levels and fall down till 40000 level then again rise up to around 51000 levels. Rest I have drawn complete analysis with possible support and resistance zones.
Long
by ShelendrAgrawal