Btcusdlong
BTC showing rounded bottoms in 1hr TF chart:- BinanceCan long BTC:-
Entry :- 49409 or whenever it comes into trend line
T1:-50030
T2:-50541
T3:-50907
T4:-51181
( NOTE :- BTC is in huge volatility today , it is moving any direction so be cautious when making trade )
SET YOUR STOP LOSS ACCORDING TO YOUR POCKET !!!!
BTC rising wedge can it hold 46-45k Btc is forming a rising wedge and now it broke down it! the main resistance is 49-50k and the critical support is 45k if hold above it we can expect move upside and can can came back to 40k or even 35k level so trade with tight stop loss. Also we can see a that the rsi is forming a bearish divergence. you can see a similar situation earlier. its better to avoid taking big positions
💡Don't miss the great buy opportunity in BTCUSD @bitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (47888).
. 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 46.
Take Profits:
TP1= @ 50473
TP2= @ 52604
TP3= @ 54986
TP4= @ 58023
TP5= @ 59526
SL= Break below S2
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💡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!
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ForecastCity English Support Team ❤️
BTCUSD Coinbase - Looking for EntryGood afternoon, it has been years since I last made a post here because I got out of the Crypto market awhile ago and I wish I never left. Now I find myself wanting to get my hands dirty and look for new entries into the market.
I am forced to use Coinbase as my state has strict laws on what exchanges can be used and I prefer to use USD transactions to make tax time easier to deal with, so I am using the Coinbase USD charts to trade.
I prefer long term trades so I am looking at daily charts in order to find a nice long position to enter and I have to say it may be some weeks or even a month before that happens.
We are in an overall downtrend on the daily chart. I am using the newer Supertrend strategy with the EMA 200 and I am looking for a point where the price will be above the EMA and the Supertrend indicates a buy option, or turns green. Now in the past it appears when BTC downtrends it lasts close to two months at a time before we have seen reversals. The RSI helps indicate with with low numbers only crossing the 50 mark a few times before plummeting. I count the downtrend to where the price finally fell under the 200 EMA and stayed under, and that was about May 19th.
Right now the price has been consolidating over the last two weeks, the volume has dropped and we are coming to a critical point where we could see a breakout in the next day or so. I believe I have found a solid line of resistance indicated by the green line showing a few times it has been tested as well as a top line of resistance indicated by the red line.
Where our nice triangle forms is where we have points of a possible breakout. For now I am hoping BTC follows its past trend and by July 19th or so if the prior trends that fell below the EMA continue its approx two month cycle, we will see some interest and people will begin to buy in. I still will hold on entry until I see price climb above the EMA, hold, and we see a buy signal from Supertrend. I will be patient though I am itching to get back into the market and see how it fairs.
Please let me know your thoughts.
BTC/USD LONG BTC /USDT LONG
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