BTC/USD - Weekly OverviewThe past week continued to face the wrath of bears as Bitcoin traded within the falling channel pattern formed on the chart. The current level is looking at the potential to form a fourth lower high within the downtrend. However, a positive breakout above the 0.382FIB level can be a momentum breaker and bring back positive sentiment for the world’s largest cryptocurrency.
On the Fibonacci retracement table, the weekly fall started at 0.618FIB level, took a breather at 0.382FIB level but currently looking vulnerable to test the crucial support at 0.236IFB level. The MACD is moving well below the histogram. However, a bullish crossover has just formulated on the chart which hints at a potential bounceback.
Btc-bitcoin
Guess Where The S&P 500 Index Did The Pullback ;)Guess where the S&P 500 index did the pullback ;) and BTC continues to respect the trend line. In context, both the smart money region at the main S&P level (yellow line) as an indicator for the market as a whole and the double support in BTC (trending line + S1) are examples of entry points with excellent risk-return ratio.
BTCUSDT - Buy Setup!BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $38740
Buy level: Above $38700
Stop loss: Below $34000
Target 1: $41500
Target 2: $45300
Target 3: $52000
Target 4: $57500
Max Leverage 2x / Spot Market
Always keep Stop loss
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Bitcoin, whats next?Short squeeze in play. As long as sub 40k (39500s) hold, this has a high probability of playing out.
We have a lot of trapped bears looking to exit lower (at B.E), but we have this opp. to squeeze them more and potentially touch the comfortable shorts too.
NFA, DYOR. Don't short unless you are scalping.
Good Luck.
BTC, touching new ATH soon? Bear market over?Hello traders,
this is a detailed analysis of bitcoin. some important levels and patterns that might help you to know where it can go.
BTC is very beautifully respecting the levels and hoping it to respect them further.
last time bitcoin fell around 53% and the same correction was being done again.
history can repeat and maybe it can start it's bull run again. (45K is important level)
there could be a high chance that BTC can start the bull run from here (unless there is not some news pressuring it).
One can start accumulate some altcoins which are good for long term.
don't invest full at one spot. divide your money in 4 parts. you can add 2 part now and rest can add on breakout (45k) or if dip comes.
45k is important level for bitcoin. if it breaks with strong green candle than there are chances it can touch ATH (All Time High).
more info and levels mentioned in the chart.
don't forget to like and share. it motivates me to post more super setups like this.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
Divergence on the daily, what could happen ?Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal. In an up-trend, if the price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.
You can see the supports that can resist the price fall However, 30k is strong support breaking it will get the price to the bottom at 20k.
Bitcoin HazardThis looks a bit scary on the technical basis as you can clearly see an Double Bottom Pattern and that also on a Monthly timeframe so. Moreover you can see The Hilega Milega Indicator is also very bearish as its showing a bearish divergence which is really scary. It is slightly tense to look at the chart of BTC. However we have to see whether the price will follow its history or the Whales will beat the price action and take it to 1 million dollars till 2030 as per the ARK Survey.
Bitcoin: Maybe? (Updated and Still Validated)In the middle of 2021 we can see a pattern of price and RSI (indicated with numbers and ellipticals).
It's just a pattern, I hope this analysis be right for all who own btc usd.
"When touches white line, time to buy".
NOTE THE SIMILARITY!
This is an updated chart I published 29/12/21 (see link to related ideas).