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Btcusdanalysis

$BTC Price Prediction$BTC exactly jumped from average weighted buying price from the bull (The Blue and Yellow line) and makes 25% move to the upside. Now it is facing resistance where usually swing traders take profit($23.9k - $24.5k), also MFI retesting the bottoms of H&S pattern trendline and RSI upper trendline also being tested. If $BTC breaks these trendlines and crosses $25.5k area then we may se upper targets as mentioned in previous tweets else it is just a bull trap. Not a financial advice Trade at your own risk
BITSTAMP:BTCUSD
by utkarshx27
$BTC AnalysisBitcoin rose 2.3% when it finally reached the middle of my liquidity box. This deal occurred in the early hours of the morning, so I missed it even though I wanted to participate. What follows then? I'll wait for Bitcoin to either break my liquidity box, which would then indicate that $22300 would be the next target on the downside, or for BTC to break the resistance trend line, after which it would consolidate before starting its next leg up. Weekly closing is one more thing to keep an eye on; I'll provide an update on it tomorrow. Not a financial advice Trade at your own risk
BITSTAMP:BTCUSD
by utkarshx27
1
Bitcoin Marke Update Today, Ethereum, Avax, Matic, Dot AnalysisBitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000 Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and decreasing volume. Furthermore, the overall market sentiment towards cryptocurrencies has been positive, and institutional adoption has continued to grow. This could lead to increased demand for Bitcoin, especially as a hedge against inflation and uncertainty in traditional financial markets. However, it's important to keep an eye on potential resistance levels, such as the 25000-25500 levels, which could provide some challenges for further upward movement. Therefore, I believe that BTCUSDT presents a good opportunity for bullish continuation, with a potential price target of 28000 . However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions. Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
by kanhaguptaa
2
Top 4 coins which have outperformed BTCBitcoin has increased by almost 48.97% in the year 2023. Let us have a look at the top 5 coins (based on market cap) which have outperformed BTC (we have not considered meme coins for our analysis). 1.Cardano (ADA) YTD(%): 61.63 Price is currently moving within a range (0.385-0.421). 25% upside movement can be expected if price breaks above the range with 0.527 level acting as resistance. Bearish RSI divergence has formed, thus, keep an eye on price movement. 2. Polygon (MATIC) YTD(%): 86.26 Price moving within parallel channel. 21% upside movement is expected with resistance at 1.72. If price breaks the channel, support can be found at 1.153. 3. Solana (SOL) YTD(%): 150.57 Price is currently moving within a range (19.7-26.75). 56% upside movement can be expected if price breaks above the range with 38.95 level acting as resistance. If price breaks below the range 14.9 level will act as support. 4. Polkadot (DOT) YTD(%): 68.71 Price is currently trading near support (7.13 level). 10% upside movement can be expected with resistance at 8.06. Bearish RSI divergence has formed. If price breaks 7.133 support with high volume, we can expect it to find support at 6.02. Note: Studies are for educational purposes only. We will not be responsible for any kind of your Profits & Losses.
BITFINEX:DOTUSDLong
by teakfinance
#Btc short 4 hr tf with supp & resis To take a short trade on BTC using a 4 hour time frame, you can use support and resistance levels along with a Fibonacci retracement tool to identify potential entry and exit points. Once you have marked your entry point and two profit targets on the chart based on Fibonacci ratios, it's important to have a risk management plan in place, such as a stop loss order, to limit potential losses and protect your trading account. By combining technical analysis tools with risk management strategies, you can create a well-rounded trading plan that can help you make informed decisions and manage your risk effectively.
Short
by nawaab001