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BTC-D

BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed positive sentiment during the past week as the price level maintained sustainability above the psychological mark of $20K. Moreover, the price level was able to have a positive breakout above the resistance zone between 0.786 FIB level and 0.618 FIB level and attained a new weekly high of nearly $21.5K. However, price sustainability above 0.618 FIB level looks doubtful as BTC just had a negative breakout below it. Considering the moving averages, BTC is unable to maintain sustainability above MA-10 in a shorter timeframe. However, to avoid any sudden strong negative divergence, MA-50 is proving to be a significant support provider. Looking at the technical indicators, RSI is showcasing negative nature with a breakdown below 50. The MACD level has also faced a bearish crossover and started to form red bars on the histogram. Overall, BTC has strong support at $20K and $18K for avoiding any sharp negative fall. If the bulls are able to withstand, resistance levels can be placed at $22K and $24K respectively.
COINBASE:BTCUSD
by TradeDog-Research
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (20913). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. Take Profits: TP1= @ 21469 TP2= @ 21813 TP3= @ 22667 TP4= @ 23577 TP5= @ 24436 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 / Crypto 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 ❤️
Long
by ForecastCity_ME
2
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed positive sentiment during the past week as the price level climbed above and maintained sustainability above the psychological mark of $20K. Building upon the positive sentiment, BTC tested the resistance at $21K which is placed at 0.618 FIB level on the Fibonacci retracement table. But it did not have a positive breakout above the resistance level and currently facing moderate profit booking momentum. It could be expected that there’s a support build-up present at 0.382 FIB level. Considering the technical indicators, the RSI level is showcasing negative nature and is vulnerable to breaking below 50. The MACD level has also formed a bearish crossover and started to form red bars on the histogram. Overall, BTC has formed strong support points at $19K and $18K, respectively. On the opposite, if the positive trend prevails throughout this week, it could also test resistance present at $21K and $23K, respectively.
Short
by TradeDog-Research
Bank Nifty Trade Plan.Good Morning Everyone, Key levels on Bank Nifty -->Major Supply zone- 41700 - 42000 -->Fib Resistance zone: 41250 -->On Higher Time frames Major Support 39850 level -->If we observe the volumes on recent swing high i.e., 40700 We can consider this as a decent breakout indicating Bullish behavior -->Until we get a Closing below 39850 level market will remain bullish . -->This doesn't mean we can long right now unless you can risk 4000 - 4500 per lot --> Its always better to wait for retracements and buy on those dips. -->From 39850 BNF is in up move when this wave is over in smaller Time frame we shall see a correction then we can go long with small SL. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating.
NSE:BANKNIFTYLong
by Mo-Kri