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Btc-bitcoin

Dump is over for BTCUSDTHere you can see that there was a rising wedge pattern on daily time frame for BTCUSDT which broke down nicely and currently is at support line. This is time to buy. There is falling wedge pattern on daily time frame which is yet to break out. So, trade accordingly. I think it is a bullish divergence. You can see why my analysis is so accurate by analyzing RSI lines and top prices. When RSI was falling, price was making higher high and that was the indicator of the bearish divergence. It gave nearly 36% short position move for us! Follow, like and share.
Long
by Harshvardhan21
BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart. The first one showing a strong and healthy breakout (with an above than average volume). The latest falling wedge breakout has been a disappointment so far. Volumes have been below average and the price seems to be struggling. A break below the critical support level marked by the yellow line could be catastrophic. Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward. Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative. Bitcoin is a 'Risk On' asset :)
by pranjalchaubey
BITCOIN?! Is it a correction or a major selling???Hey everyone, Bitcoin is 6% down today from the daily high. It might be going for another higher low, which can be formed between 50 to 61.8% of the current wave (which is near 50.8k to 54.3k). The all time high is exact 69k and today's high is $63628 and today's low was $59907.73 . It might take support at the Fibonacci channel too, near 57 to 59k. Currently, there is less volume in the market. We might see a major move by Bitcoin soon, which might affect the altcoins. The effect can be both positive and negative. As of now, I'm bearish on BTC.
BITSTAMP:BTCUSD
by theTAguy
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support. We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure). If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side. But I'm definitely keeping my eye on the green support zone.
FTX:BTCPERP
by Awinish