$BTC Daily Update$BTC Hanging on $16,750, bearish engulfing on last 1d close. Looks weak $16,750 at high risk. Watch $16,155-$16,383 for support if bearish engulfing followed thru.
Btc!
$BTC Daily Update$BTC $16,750 testing, Last 4h failed to follow thru on bullish engulfing. Current 1d looking ugly, must hold $16,750 or it'll revisit $16,155-$16,383. Continue watching given S/R areas
Chillz- CHZ (Bullish idea)Hey guys, back with a new idea :)
Planning it on a relatively higher TF
>World cup narrative
>Good invalidation point
>low lev, bigger size, wider stop and target
Good feeling this plays out, but will cut prematurely if it starts acting weird
#BTC upcoming trades to catch. BTC tried to sweep the liquidity above and the good short area was around $17540 to $17700 but as the 200EMA played out before it went to those areas and came down from $17400. I am aiming for 2 trades from here.
1. I will wait for a wick above $17540 to $17700 area and SHORT there with S.L above $18200 and will target for the $16400 to $16200 area (2r trade)
2. I will wait for the price to come down and test the $16400 to $16200 area from the current levels and will LONG it around those areas with S.L. below $16100 and will target for the reclaim of the $17000 area (2r trade)
$BTC Daily Update$BTC $17,301 Continues to resist, no support from $17,097. $16,750 support currently in effect. 1D close bearish, failed to follow thru on bullish engulfing on 1D. Breaking below $16,750 will bring $16,155-$16,383 test, requires to hold $16,750 to reattempt
BTC/USD - Weekly OverviewThe past week has regenerated positive sentiment for the world’s largest cryptocurrency as it broke and maintained sustainability above $17K. The bullish rally could be reflected in the expansion of Bollinger Band’s width.
Moreover, MA-10 was able to have a positive crossover against MA-50 which could be a potential signal for more bullish momentum to come in the near term. However, BTC still needs to have a bullish breakout above the 1.0 FIB level which will help to test the crucial psychological mark of $20K.
Considering the technical indicators, the RSI level is standing at the bullish level of 62.51. Further build-up might test the resistance levels of $18K and $20K, respectively. However, any climb above 70 might be an indication of profit-booking momentum. This can be support levels of $16K and $14K into action.
$BTC Daily Update$BTC #BTC $17,097 resisted during the weekend as expected. Finally gained $17,097 as support, $17,301 resistance testing. 1D close with bullish engulfing, $17,592 next resistance from here which will require some struggle as it is a key resistance.
#BTCProbability of going up from poi is good so that can be enter in log position with target of recent high in 1hr TF.
btc near the trend line..btc near the trend line..if broken and then we see a retest we can expect btc may touch 16000.....
This is valid only if it breaks the trend line and then if it retest the trend line we can enter a scalping shorting trade in btc
Bitcoin Futures GapThe red fall has not been covered, the green rise has not been covered, and the gray-white rise and fall has been covered. The red horizontal line is the K-line gap caused by the rise in the past two years ago, and the green horizontal line is the K-line gap caused by the decline in the past year. , The gray and white lines are all the gaps that have been filled in the history of Bitcoin. The low price of the red line is more than the high price of the green line. The probability of filling the gap in history is 90%~100%. It is only a matter of time before the gap is filled. The thick line in the picture is a big gap, and the thin line is a small gap. The lines in this picture can be used for a long time.
LONG TERM INVESTMENT BTC BELOW 17000$This best opportunity to grab some BTC for a long-term investment below 17000$ to 12000$, don't invest in any alts there is a high chance for rugpull for many projects focus on only BTC only
$BTC Daily Update$BTC Put bullish engulfing as expected on last 1D close, current 1D trying to follow up. $17,097 resistance in effect, $16,750 current support yet to be tested. Continue watching given S/R
Btc getting ready ?Btc getting ready ?........ btc may touch 16550 and may give a scalping shorting opportunity of 400 points towards 16k
This shorting opportunity may be valid only if it gives a rejection around 16550 and also if it closes below the trend line
$BTC Daily Update$BTC $16,155 support remains precise, $16,526 resisting like I said, 4H closed with bullish engulfing current 4H following up 2H13M remaining, good chance to gain $16,526. 1d close above $16,500 will put bullish engulfing on daily, $16,155 1D support, $16,383 untested yet👀
I Guess the Dump has started you guys can short this to 6$ for me my short is open and cuurrently sitting with 70% profit
will close once it hits my TP 1 - 6$
Max it can go down is 5.5$ for now but everything depends on BTC
BTC/USD - Weekly OverviewThe technical chart of Bitcoin reflects on the consolidation faced since the past week. On the chart, the consolidation rage is formbed between the price levels from $15.5K to $17K
Considering the technical indicators, RSI level is facing strong resistance for a positive breakout above 50. Currently, the level is showcasing negative nature while residing at 39.92 at the time of writing. MACD level is also having a hard time to climb above the histogram. However, it should be noted that green bars with considerable density are being formed on the histogram which can result in a positive trend in the near term.
The whole outlook for the world’s largest cryptocurrency is still skeptical with the current market conditions. However, BTC taking a breather and forming a consolidation zone might be the need of the hour in order to avoid further downfall. It is also have strong supports at $15K and $13K. In case of much needed upside, Bitcoin will face resistance around $17K and $19K.
$BTC Daily Update$BTC Broke $16,383 support as expected, $16,005 support in effect currently trying to gain $16,155. Last 1D close very bearish which resulted in this drop. $16,526 will resist on retest. Breaking $16,005 could bring $15,689 in effect.
Bearish Idea on BTCUSDBearish descending triangle has been formed and we expect breakout soon or later, here are our targets downward 13937 and 12371.
Remember that the break above the triangle may hint for further up move.
BTCUSD BEARISH IDEA D1The daily TM analysis, my next target for this dumb is 12k, unless FED continue to pivot, and you should note with the falling trendline resistance which the break above could change the game to bullish run.
BTCUSD SHORT IDEAI wanted you to watch over the price levels of 15984, 138161, 12461, 10340 they are main keys of my weekly timeframe structures.
$BTC Daily Update$BTC 1D closed neutral, $16,383 support testing, breaking below will bring $16,005 support test. Bearish engulfing on last 4H close, current 4Hly following up. Support $16,383 remains at risk.
$BTC Daily Update$BTC $16,383 support tested as expected and it held gaining $16,526, $16,750 given resistance holding. $16,526 support currently in effect, 1D closed good yesterday. Current 1D not looking good as of now, Requires to gain $17,097 to ensure no fakeouts. Continue watching S/R
$BTC Daily Update$BTC $16,526 resistance test, Last 4H close looks very good. $16,383 support to be tested, $16,750 resistance to watch if gained $16,526 support.
