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BTC-M

#Bitcoin LTF play imo. Looking at 2 possible scenariosTwo possible scenarios for #BTC in my opinion. It either rallies from here (More likely) and takes out liquidity at 17.5k and then reacts either to HTF OB, Key Level (previous support), or the FVG left behind as marked in the chart. I will look for shorts wherever the price reacts out of these three zones. Alternatively, if the price revisits the newly forming support at 15.5k, I will be looking for Longs upon bounce but with tighter Risk Management.
by AashitParcha
BTC/USD - Weekly OverviewAmid the collapse of crypto giant, FTX, the overall market conditions took a hit as the world’s largest cryptocurrency nosedived to a new two-year low of nearly $15.5K. The other cryptocurrencies also faced significant selling pressure as Ethereum is down by 20.15%, XRP by 25.65%, and polygon by 22.00% at the time of writing on a weekly basis. Considering the technical chart of BTC, MA-10 suffered a negative breakout against MA-20 and MA-50 as soon as the news of FTX collapse was made public. Currently, the price level is facing significant resistance above 0.236 FIB level on the Fibonacci retracement table. Looking at the technical indicators, the RSI level suffered a nosedive to the oversold region but quickly bounced back. The level is showcasing positive nature while residing at 41.95. The MACD level also suffered a breakdown below the histogram with significant red bars formulated on the histogram. It surely disrupted the sustainability made in the past couple of months. Overall, BTC is currently trading at significantly lower levels. A significant upside might need relevant accumulation at the current levels. To avoid further downfalls, BTC is having support at $16K and $15K respectively. On the upside, resistance levels can be placed at $17K and $19K respectively.
COINBASE:BTCUSD
by TradeDog-Research
Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of 50 points Candle close above 17840 will change every thing Until then its a good risk reward. I am posting this for Live testing purpose. 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:NIFTYShort
by Mo-Kri
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