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Btclong

What 1-hour chart says? Fundamental Development: The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain ecosystems.In the summer of 2021, Hope for Haiti was ready to launch a cryptocurrency pilot program to provide 150 mothers with cellphones, digital wallets and payment cards that use near-field communication technology. Each mom participating in its community nutrition program was set to receive $50 per month in cUSD for six months to spend on family essentials. A select group of local vendors was trained to use the system and poised to accept the cryptocurrency payments. On Aug. 14, a magnitude 7.2 earthquake rocked Haitis Tiburon Peninsula, decimating the area. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,600-$28,800 ranges.BTC is made low 29,300 and now consolidating within a range. Yesterday it made high near $23,190 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500. Alternative Scenario: If Bitcoin fails to clear the $30,150 resistance zone, it could start another decline. An immediate support on the downside is near the $29,500 level.
BINANCE:BTCUSD
by eva236220
2
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
BTC/USDT hidden divergence...HELLO TRADERS, See the bitcoin in 1 hour time frame. And it making barish flag pattern after BREAKOUT of long down trend. It's a good sign. But coming to RSI we can see clearly hidden divergence. If it's breakout it's ok but if it's continue we can see the bitcoin again at below it's down Trend line.. Dont invest now wait for BREAKOUT of both barish flag pattern and hidden divergence.. and check out the previous idea I have Posted pinned below.. THANKU AND FOLLOW FOR MORE..
Long
by Sriramrdy
1
Bitcoin Trading Plan for 6-7 FebMy view on Bitcoin today is extremely bullish however I am prepared for an extremely good move on either side - which I am confident will be caught by my system. Here's what it looks like. In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
BLong
by abhineetramjiwal