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.
Bitcoinusd
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 ;)
Bitcoin USD cryptoTaking trendline support for a rise till 64000 & eventually 78000+ within 2-3 months
💡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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URGENT BITCOIN UPDATE BEFORE BIG MOVEHello masters, hope you having a good day in this profit season. Even if you are not making then don't be upset, opportunities will come and go.
Here is the update regarding BTC price, price at major resistance right now and it trying hard to break this current zone to make new all-time-high. If this trend continue maybe we will see BTC at higher price soon. Quick short note to understand price movement better.......
- Price is above triangle and if recent dump was just a retest of breakout level and to cool down Funding Rate(important factor), WELL in that case price is ready to shoot and can pump massively.
but wait a second...always be prepare for opposite direction also and make your disicion accordingly and make sure you always place stop-loss.
This is my first idea hope you like it, if yes then please do like and follow :)
Trading Signal For BitcoinTrading Signal:
There is a Trading Signal to Buy in BTCUSD
Traders can open their Buy Trades NOW
BTCUSDT Bitcoin
⬆️Buy now or Buy on 54043.00
⭕️SL @ 52535.00
🔵TP1 @ 55756.00
🔵TP2 @ 57228.00
🔵TP3 @ 58362.0
If you liked our ideas, please support us with your likes 👍 and comments.
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (54580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 57600
TP2= @ 59445
TP3= @ 61760
TP4= @ 65000
TP5= @ 67700
SL= Break below S2
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ForecastCity English Support Team ❤️
#bitcoin #btcusd #cryptoBITSTAMP:BTCUSD
one more strong resistance for swing coming. book your long only if find reversal at resistance. if find reversal one can go for short as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (58343.20).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
.BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 61023.20
TP2= @ 63443.70
TP3= @ 65960.30
TP4= @ 68865.10
TP5= @ 72213.70
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️