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Btcusdlong

BTCUSD SHORT. More than 30% potential profit could beHey collegues! Good opportunity for SHORT! In my opinion BTC price growing is fake. Situation with world economies very tough. I think we will have a very deep price going down. False break up of 13000 we have now. In first stage price will go lower than 12000, will get back with false break up of 12000 and will go down. First target is 9800-9600, second target can be very low, like 7000-6000 and maybe lower!!! You will tell me "oh crazy guy, stupid idea". BUT! Institutional investors will NEVER enter the crypto market at high prices. Now they have loaded a crowd of people to have fuel for making the deep short.
BITFINEX:BTCUSDShort
by THG_trader
Resistance Became Support | BitcoinIn my last post, I made the case that Bitcoin has found its bottom at the green support zone because of the following reasons: 1: Bitcoin has fallen 20% from the current peak to the support zone 2: The support zone was key resistance multiple times. The fact that it broke resistance is significant! 3: The 21 weekly ema was at the support zone. As we can see now, Bitcoin has made it out of its support zone. What this means is that Bitcoin has made its previous resistance new support and that the 21 weekly ema was also kept as support. This is extremely bullish! So what can we expect now? First of all, the previous consolidation area has to be breached before the price can really kick off a new rally. It is likely that in the next few days, the consolidation area will be hit. When that does happen, i'll make a new update. As of now, Bitcoin seems to be incredibly bullish.
BITSTAMP:BTCUSDLong
by VinanceYT
Buy The Dip? | Bitcoin Despite the fact that COINBASE:BTCUSD has fallen 20 percent over the last few weeks. I think the price, at this point, is still bullish and here's why. As we can see on the chart, we have the green support zone which has been touched. This zone has been resistance on October 25 in 2019, Februari 13 of 2020 and in May and June of this year. This implies that this is a support/resistance zone of significance. What this Also means is that on 27 Juli of 2020, the price has broken the resistance area for the first time in a long period. Now in technical analysis, one of the basic fundamentals is previous resistance becomes new support which brings us to the price of today. For the first time since October 2019, Bitcoin has made this resistance zone its support. This is extremely bullish because it implies that the price has now broken a barrier and has made its barrier its new foundation. To summarize: Bitcoin has broken its year long resistance zone and has now confirmed it as its new support which is bullish
COINBASE:BTCUSDLong
by VinanceYT
The Falling Wedge Proves Itself Again | Bitcoin In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about. Falling wedges and channels are my favorite bullish trade setups for any asset and it shows again. The setup is as follows: 1: We spot a falling wedge or channel preferibly on the daily timeframe or higher. 2: The price start going sideways at the bottom of the channel or wedge. This is where you want to buy. Look for a bullish divergence on the rsi on the hourly or maybe even the 15 min chart for an even better setup. 3: Set a stop-loss in case the price breaks support. 4: ? 5: profit On this chart we can see 2 horizontal white lines above the current price. These are the price targets for this setup.
COINBASE:BTCUSDEducation
by VinanceYT
BTCUSD to see an uptrend bias | Moving Averages indicating buyMarket in last 24hrs -BTCUSD moved sideways, price above 11k -Price volatility was high. Market moved ~3.02%, between $11.2k and $10.86k Today’s Trend analysis -Low volatility ahead with a bullish bias -Price at time of publishing: $11,050 -BTC’s market cap: $203 Billion -Oscillator indicators are mostly neutral. RSI at 73 -Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral -Volume indicators are indicating a low volatility ahead. Very low volumes observed in recent candles, volumes were less than 20 candles moving average. Price expected to move upwards, low volatility due to low volumes. Most of the Oscillator indicators are neutral. MACD is positive around 360, histogram size decreasing in last few candles about to cross down zero, indicating a bearish sign. RSI at 73, still in the overbought region indicating bearish opportunity. CCI is above 70, and in neutral region signaling a sideways movement. Another interesting point to notice here is that the candles are making higher lows which indicates a buying pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDLong
by Mudrex
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