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BTCEUR

What 1-hour chart says? Fundamental Development: Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the years, the crypto ecosystem has seen many developers and protocol creators’ rise in stature to become crypto messiahs for faithful holders who eventually have their best-laid plans end in catastrophe when the protocol is hacked, rugged or abandoned by whimsical developers.2022 is hardly halfway complete and the year has already seen a particularly bad stretch of good intentions gone awry, which have collectively helped plunge the market into bear-market territory. Here’s a closer look at each of these instances to help provide insight into how similar outcomes can be avoided in the future. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,400-$30,500 ranges.BTC is made low 28,700 and now consolidating within a range. Yesterday it made High near $30,280 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500.The price is now trading near the $30,400 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $30,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,800 level and the next major support is near the $29,000 level.
BITSTAMP:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.” Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BITSTAMP:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the collapse of the Terra protocol. Its native LUNA token plunged to zero in days, impoverishing its investors. Cunliffe believes that digital assets have no intrinsic value, which is why they fluctuate depending on market sentiment. He added that cryptocurrencies are not actually viewed as a financial investment by retail investors. The BoE official has added that cryptocurrencies should be treated as risky securities. The total cryptocurrency market capitalization currently stands at $1.29 billion. Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $30,900-$29,200 ranges. Yesterday it made high near $30,700 resistance zone and then it fell down sharply and found support near $29,300 support zone. Bitcoin is struggling to gain momentum above $30,500 and $30,700.The price is now trading near the $29,800 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $30,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,300 level and the next major support is near the $28,700 level.
COINBASE:BTCUSD
by nehabaraskar
BITCOIN TREND REVERSAL Trading was volatile and bitcoin was about 11 percent higher near $7,680 as of 9:36 a.m.The sudden jump forced traders who had bet against the cryptocurrency to buy back into the market. "Once bitcoin broke higher, shorts were squeezed and forced to cover," said Brian Kelly, CNBC contributor and head of BKCM, which runs a digital assets strategy for clients.Falling wedge, a bullish reversal pattern, meaning an upside break would confirm the tide has turned in favor of the bulls. Pennant formation, a bearish continuation pattern, characterized by lower price highs and higher price lows. A downside break would indicate resumption of the sell-off from $9,050 (March 24 high). So, there are conflicting patterns on the daily chart. That said, the failure on the part of the bears to capitalize on the recent bearish outside-day candle could be an indication of an impending rally. BTC suffered a high volume drop from $7,189 to $6,611 on April 9 (bearish outside-day), engulfing the previous day's price action. However, the follow-through in the next two trading days has not been encouraging for the bears, given that bitcoin moved back well above $6,611.
BITFINEX:BTCUSDLong
by marketcyclescrypto
1
BTCEUR , TP3 hit with 1940139 profit. NEW Buy Opportunity...BITCOIN/EURO New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07. Total Profit: 1940139 pip Closed trade(s): 678585 pip Profit Open trade(s): 1261554 pip Profit Closed Profit: TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit. TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit. TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit. 78585 + 178345 + 421655 = 678585 pip Open Profit: Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip 6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1471813 pip Take Profits: TP4= @ 9236.95 TP5= @ 10740.80 TP6= @ 12166.75 TP7= @ 14229.35 TP8= @ 16780.00 TP9= Free Midterm forecast: While the level 6299.85 is not broken, the Midterm wave will be uptrend. Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 6299.85 is broken. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 64.
Long
by ForecastCity
Next possible BTC directions..resistance at 10k watchout..I am observing every resistance and at every resistance we are having drops..so we cant take out 10k level..price can go up to 10.3k and then can drop to 8.5k then if 8k exposes and cant sustain we can see 5k then end of bear market ...if 8k acted strong then u can see 14k..and from 14k too we have strong resistance which can drop price to 10-8k max...i am bullish upto 10k then market will decide and go according to market trend..i dont recommend long there becoz many sellers will be there to take profits..12k is again strong resistance...to come out of bear market 14-16k must be taken out...and this can take upto a month..
BITFINEX:BTCUSDLong
by Zakir-Ahmed