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Bitcoin scalping ideaBITSTAMP:BTCUSD Hello, guys welcome to Wallstreet whales, In today's analysis, we are going to talk about BTC /USD. fundamental analysis: The markets saw a strong sell-off due to a bad CPI (consumer price index) number and a de-fi protocol named Celcius held withdrawals for its user so this created panic in the markets, Watch out the PPI(producer price index) which has come to 8.6 IMO its bearish, FOMC meeting happened on the 16th of June, where feds decided to raise interest rates by 75 basis points. the market sentiment stays bearish for now, as feds were talking about keep raising the interest rates until us inflation falls down to 2%, this might take time. so jumping straight into the technical analysis: the bitcoin has not touched its 200day moving average for the last two years approximately, looking at the previous bitcoin cycles the best time to buy bitcoin was when it was around its 200day moving average, this is the main reason why I'm starting to scalp bitcoin from around this levels. another take is that bitcoin can touch its 0.768 Fibonacci retracement level which is at 17800usd also it's the previous cycle top where there should be enough demand. this strategy will make you ready for a bear market and keep you stress-free if you follow the exact same. I'm personally placing buy orders for bitcoin from its 200day MA to its monthly demand zone which is around 11000usd to 8000usd, so the buy orders should be in the pyramid style. eg; if the price drops to 18k you buy 500$ if it goes to 16k you buy 1000$ until the next monthly support. make sure you don't go all-in on monthly support too, My bitcoin buy orders at 19000-5000 17600- 10000$ 16600- 20000$ 14110- 40000$ 12000- 80000$ 11000- 16000$ 10000- 32000$ Keeping cash in handy just in case 3k None of this is financial advice it's only for the educational purpose
Long
by Wallstreetwhal3
2
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 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
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.
COINBASE:BTCUSD
by de_rayzor
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
BTC/USD NEOWAVE FORECAST| BITCOINCOINBASE:BTCUSD Hi Everyone This is an BTC/usd FORECAST, in our last forecast we predicted a 5th wave and than after that an correction will start. We said that correction will come in form of ABC and we currently in last wave. Let see where it finishes. After it and B wave will come. If you want to play correction i will say play one A,C and E wave for good results Also check out my previous forecast and please share my charts with others, As this will be helpfull for them if they do trading. Thank You. Wave Forecast
COINBASE:BTCUSD
by IIntelligentinvestor