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Btcusdidea

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
What 1-hour chart says? Fundamental Development The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still sketchy as Milanez did not disclose if the exchange will offer Bitcoin futures trading directly or form a partnership to offer the service.In January, Jochen Mielke de Lima, director of information technology at B3, said that the stock exchange would launch products offering crypto exposure this year, including Bitcoin and Ethereum futures. We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process. Furthermore, B3 has other crypto-based products in its arsenal, including a platform for crypto trading, asset tokenization, and cryptocurrency custody. Short Term Technical View: On daily time frame chart Bitcoin is trading below 200 simple moving averages. Bitcoin is now trading above the $30,000 level and the 100 & 50 hourly simple moving average. If it breaks $30,500 resistance zone then it can show upside movement near $30,900 level. Right now BTC is consolidating near $30,400 range. Alternative Scenario: If BTC fails to break resistance zone $30,500 level then the first major support is near the $29,700 level. A downside break and close below the $29,700 support might start a major decline near $29,400 support level.
COINBASE:BTCUSD
by nehabaraskar
2
Trading Signal For BTCUSDT Bitcoin Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin . Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 30823.00 ⭕️SL @ 29620.00 🔵TP1 @ 32846.00 🔵TP2 @ 34878.00 🔵TP3 @ 38003.00 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
💎 BTCUSDT: Ready For Next Legup Towards 50k💣💣💣💣Hello Traders, as u can see btc successfully made healthy correction towards 0.5% fib ratio area which is 48800$. looks like a retracement has been done of recent rally. btc must go up frm here if there is further drop possibility then it will test 0.618 fib ratio which is at 41587$. after daily strong confirmation we can build long position frm here and target is 50k. Great alts ideas are in pipeline .. like share and follow me
Long
by Rohit_Shinde
3
Bitcoin Huge Dump Is Coming ! Get Ready #BTC Daily Latest Chart, Unless we break out to all time high i will remain cautious. Possibley try to short 😂😂😂. Chart is bearish ! Now lets talk about Fundamentals, on 18th we have a bitcoin ETF which is bullish news right ! But do you remember? what happened when coinbase got listed on nasdaq, we had a huge sell off, so maybe this could be a buy the rumor sell the news type of scenario also. Rest there are mixed thought on #bitcoin ETF that it will get postpone or it will not get approved we don't know yet. So like i said earlier also, we are not bull or bear, we are smart investors. so we wont predict the market top. We get a buy signal we get in, we get a sell signal we get out. Right now we have a huge sell signal. like I mentioned on the chart. 1- ABC correction 2- RSI overbought 3- Low volume
Short
by iamyushrawat
BTCUSDDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks... BTC closes the week above the very strong resistance around 42400 and now, because the movement was very strong I expect a retreat around 46800-48000 to the support of 42,000! however, any closure even for 1 day over 48,000 opens the way to the psychological threshold of 50k and even higher ... .as I said in recent months. here that BTC has reached my final target in the 50k area ... a very important area especially because of the psychological target Any closure, even for 1 day over the 50900 area opens the way to 58800 and even higher ... THIS WEEK...as I said in the last months ... BTC reached the 50k zone and rejected up to the 42k zone ... from where it returned again! in the next period I will try to trade only in this range area and I will wait for a closing for at least 1 week under or over one of these areas! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
BITSTAMP:BTCUSD
by BloomFX_SIGNALS
💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (32877.1). . 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. . The RSI is at 58. Take Profits: TP1= @ 34861.7 TP2= @ 35234.2 TP3= @ 35875.7 TP4= @ 36566.6 TP5= @ 38000.0 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 ❤️
BINANCE:BTCUSDLong
by ForecastCity_ME
9