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Btcusdlong

What 1-hour chart says? Fundamental Development:- Crypto Biz: Elon Musk: The ultimate crypto tourist Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything. As far as we are aware, Musk hasn’t sold any of his personal Bitcoin stash and Tesla still has an estimated 10,800 BTC on its books. Still, the less we have to hear about Musk and Bitcoin, the better. Short Term Technical View: On daily period, BTC is trading below 200 simple moving averages and trading below previous day low. Yesterday BTC made High 24,220 and decline and took support from 23340 levels. Yesterday it made low near $23,350.Bitcoin is struggling to gain momentum above $24,000. Alternative Scenario: If Bitcoin fails to clear the $24,000 resistance zone, it could start another decline. An immediate support on the downside is near the $22,700 level. Hourly MACD – The MACD is now gaining pace in the bearish zone.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had friends that had bought lots of crypto, and it had changed their lives — guys who didn’t make a whole lot of money but all of a sudden had a $5 million net worth in crypto,” said Novogratz: Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $23300 -$23350 ranges. BTC made low 22300 and now consolidating within a range. Yesterday it made high near $23700 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,300. Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $22,800 level.
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by eva236220
💎BTC: Very Soon We are going to Test 32000$Hello Traders, After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs. its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first target i m expecting is 32k, which is last monthly candle high. there are so many alt coins which are highly bullish on weekly frm tomorrow i will post one by one with entry and targets.
Long
by Rohit_Shinde
Will $btc go 24k first and then 17K bottom formationHistorical analysis shows that , as and when we double top with low volume we fall bad See Iteration 1 and 2 we doubled top and fall bad This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier Probably what I am looking at is 1- To remain bullish BTC has to break all the fuss with another volume candle 2- Hunt all SL 3- It should not keep marching below the resistance, if it does its a clear cut short trade till 16-17K(which we call a bottom) #3 will be invalidated - If #1 and #2 triggered. Satisfying #1,#2 means we have already bottomed one thing is confirmed we definately going to form extension layer till 23-25k where all will become fomo and start adding positions, that should be the trigger point for sell (only and only if #3 satisfied) Love BB
by CryptoTraderBB