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BTC/USD - Weekly OverviewThe past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick formation. Thereafter, BTC was not able to maintain sustainability in the resistance zone also led to a breakdown below 0.236 FIB level on the Fibonacci retracement table. Currently, the price level has again entered the lower consolidation range. Considering the technical indicators, MA-10 is vulnerable to have a negative breakout against MA-50 which could be an indication of further downfall. The RSI level has also disrupted its rising channel momentum causing a negative breakdown. Overall, BTC is looking vulnerable to retest support zones residing at $16K and $15K. In case of a positive comeback, it can face resistance at $19K and $20K, respectively.
COINBASE:BTCUSDShort
by TradeDog-Research
Bitcoin Blueprint Fibonacci CirclesAn enlarged version of the daily line of the Fibonacci circle of the Bitcoin blueprint, a closer look at the position between the K-line and the circle, and an accurate grasp of the biggest ups and downs in each general direction. The core is to be able to buy at the lowest and sell at the lowest The highest, this picture has completely solved all this, the red center circle is the top in the past, the two thin blue circles above are the positions where the top broke in the past, the dark green is the bottom and the position where it broke in the past, and the thin orange is the position in the past Tops and previous lows, thin yellow lines are past top highs and lows, thick green lines are past top breakouts and past bottom lows and future bottom lows, thick yellow lines and thick blue lines are past bottoms and future bottoms The bottom is the bottom after reaching the thread, all accurate to the tip of the needle.
COINBASE:BTCUSD
by ZhongBenCong001
Bitcoin Going towards 10K ! Find out the next move of BTC NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ... A trendline which is acting as resistance ATM A sideways Channel that indicates sideways move on the chart Our Last TP as mentioned in the previous article SCENARIO NO 1- So basically we are moving sideways ATM and we might see a huge red candle on the chart if 1 HR candle closes below our TP of $16463 (that will be our road towards 10k ) SCENARIO NO 2- Here if we break our sideways channel towards upwards direction and somehow if we manage to cross $16878 , and if we break our resistance trendline and 1 HR candle closes above that ,then only we might see a relief rally towards 18,000$ again (less probability if we look at larger timeframe) MY Personal TRADE IDEA - Open a SHORT position at $16463 , and put a SL at $16898 and TP will be 100% ,200%, 300% ...... 1000% in Short term (only for leverage above 20x)
Short
by born2tradecurrencies
BTC UPDATE - 15-12-2022BTC is been showing the respect from the resistance zone. As it has cross the trendline of bearish now going up side with Higher Higher and Bulls might be back if is does not retrace from the resistance mark if it break down with the restest we can see the selling days else if it Goes up and crossed the zone it will go up. There might be more chances to sell side because of the fugazi of recession and a bit impact of FED People who has enough money will run the BTC because GOVT does not varify the moves . SO BE PATIENT BE SMART AND TAKE MOVE AS PER THE BEST UNDERSTANDING.
Short
by Nova0112
BTC/USD - Weekly OverviewSince the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end. It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also tested the resistance zone multiple times but was unable to have a positive breakout. On the moving averages, MA-10 is still sustaining the positive crossover against MA-50 which is a positive sign. At the same time, MA-50 is proving to provide support to the world’s largest cryptocurrency whenever selling pressure is faced. The RSI level is also sustaining within the rising channel pattern formulated on the chart. Overall, BTC might be consolidated in nature but sustainability above $17K could lead up to positive developments towards the end of the year. The resistance levels can be placed around $18K and $19K while the support levels can be placed at $17K and $15K.
COINBASE:BTCUSDLong
by TradeDog-Research
#BTC upcoming trades to catch. BTC tried to sweep the liquidity above and the good short area was around $17540 to $17700 but as the 200EMA played out before it went to those areas and came down from $17400. I am aiming for 2 trades from here. 1. I will wait for a wick above $17540 to $17700 area and SHORT there with S.L above $18200 and will target for the $16400 to $16200 area (2r trade) 2. I will wait for the price to come down and test the $16400 to $16200 area from the current levels and will LONG it around those areas with S.L. below $16100 and will target for the reclaim of the $17000 area (2r trade)
by soumya1994
BTC/USD - Weekly OverviewThe past week has regenerated positive sentiment for the world’s largest cryptocurrency as it broke and maintained sustainability above $17K. The bullish rally could be reflected in the expansion of Bollinger Band’s width. Moreover, MA-10 was able to have a positive crossover against MA-50 which could be a potential signal for more bullish momentum to come in the near term. However, BTC still needs to have a bullish breakout above the 1.0 FIB level which will help to test the crucial psychological mark of $20K. Considering the technical indicators, the RSI level is standing at the bullish level of 62.51. Further build-up might test the resistance levels of $18K and $20K, respectively. However, any climb above 70 might be an indication of profit-booking momentum. This can be support levels of $16K and $14K into action.
COINBASE:BTCUSDLong
by TradeDog-Research