Bitcoinusd
"BTCUSDT LONG" "BITCOIN"GO LONG ON BTCUSDT - CAN RETEST THE SUPPORT OF 30000 & CAN BOUNCE UPSIDE FROM 30000 LOWS TOWARDS UPPER SIDE & AFTER THAT CAN GO FOR UPSIDE TARGET OF 43500 & 51000, LOWER SUPPORTS CAN BE TAKEN AS STOPLOSS & MANAGE ENTRY NEAR THE SUPPORTS ONLY FOR LONG SIDE
first target 43500, bottom condition if FIRST SUPPORT 30000 & SECOND SUPPORT 20800 not broken
Bitcoin 4 Hrs Chart Support And Resistance Levels.In this 4 hrs. Technical Chart I'm trying to Show Support And Resistance Levels.
4hrs Chart Shows BTCUSD Take Support @ $30066 After That Near $53800++ Strong Resistance.
If That Resisteansce Work Then BTCUSD Will Crash Near $17000 If This Support Work Then As Per the Chart Shows we Need To Breakout $46000++ After That Upside Target Open.
Let's Hope For The Best!
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.
Bitcoin Has a Good Head on Its ShouldersIn a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies.
Nothing? Not quite.
Bitcoin has so far shown great resilience, foiling any negative news. I remain strictly bullish above the pivot area of 43000. The bearish head and shoulders pattern has not yet been validated, but it nevertheless invites us to be cautious. I thus reduced the size of my positions in order to minimize the risk.
If the pivot area and the pattern's neckline are crossed, I will go neutral by buying supports and selling resistances.
I will not hesitate to buy a possible rebound on the support area of 30000/28000, which corresponds to the objective of the head and shoulders pattern. Under this zone I will place a stop order below which I will become strictly bearish.
Of course, this is only my opinion ;)
💡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
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