Btcusdlong
BTCUSD LONG SETUPBTCUSD looks strong on the upside.
The chart first formed a strong support with TDI diversions. Followed by the first leg of up move. We are watching some resistance because of the trend line firstly and secondly this area has acted to be a resistance zone earlier too, hence 55000 is an important zone.
Now two trades are possible-
Case 1- Breakout- If it breakout above 55300 then it is a good buy.
Case 2- We can see a pullback and if it takes support on the trend line then we can add long position.
In both the cases, a strong up move is expected which can take it to 57000 followed by 60,000 levels.
💰 #Bitcoin #Crypto #btc #btcusdBITSTAMP:BTCUSD
first short side trade till current harmonic patters PRZ level. and ones you get reversal from that PRZ one can long from that level with stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
A short view of BTC via Fibonacci retracementsThis is just a short term outlook looking at previous trend patterns of BTC buy-sell cycles on a period of 3 months. A basic extrapolation of fibonacci levels can indicate short term long strategies of 2-3% upside over a period of 7-10 days. Let me know what you think.
BTCUSD Inverted Head and Shoulders. Target 67000An unmistakable inverted head and shoulders pattern is developing on daily, which is to be confirmed by a breakout past the neckline at 59000 accompanied by a surge in volume.
Target from this breakout roughly corresponds with 1.618 Fibonacci extension level of 67000.
BITCOIN triangle breakout was expected 64k will be next targetBITCOIN
The recent bullish trend has given a strong confidence in crypto investment. Bitcoin has managed to break the 60k level and felled back again below 60k level
Currently it was trading below the 59k level.At this level we can see a consolidation phase for the past 3 days soon we can expect a breakout here.
I have identified one triangle formation here which is a clear sign of upcoming breakout on either side.On downside 50% Fibonacci will hold BTC in remain in Bullish territory while writing this analysis
the price is just above the 61.8% Fibonacci level this will also provide support for bullish trend.
The 50,100,200 Exponential moving averages was acting as support for bull.Ichimoku cloud is still green and proving cloud support.Bollinger band was slowly constricting a but which is a sign of either side breakout.
RSI is well above 50 level,MACD is still green and the band was minor only. Stochastic has reached around 75(short term fall was expected)
Trend line drawn from 11/03/2021 will act as dynamic support and resistance for both the bull and bear. 54K was acted as clear support for bull twice. We can buy while retracing towards
50.00% Fibonacci if we missed this chance we can also buy after clear break and retest. The possible upper side target was 64k.
Trade call
Buy @ 57500.00
Take profit @ 64000.00
Stop lose @ 57750.00
Next Bitcoin Target of USD 54000 LevelAscending triangle formation on hourly BTC:USD chart.
Expected First Target of USD 53,300 range
Expected Second Target of USD 54,000 Range
BTC FOMO ZONE - THANKS TO ELON MUSK8th Feb - Tesla announces investment in BTC. BTC shoots up almost instantly.
Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about back to the FOMO zone (40 - 42K BTCUSD).
Will it take support here?
Until then #HODL