BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed positive sentiment during the past week as the price level climbed above and maintained sustainability above the psychological mark of $20K.
Building upon the positive sentiment, BTC tested the resistance at $21K which is placed at 0.618 FIB level on the Fibonacci retracement table. But it did not have a positive breakout above the resistance level and currently facing moderate profit booking momentum. It could be expected that there’s a support build-up present at 0.382 FIB level.
Considering the technical indicators, the RSI level is showcasing negative nature and is vulnerable to breaking below 50. The MACD level has also formed a bearish crossover and started to form red bars on the histogram.
Overall, BTC has formed strong support points at $19K and $18K, respectively. On the opposite, if the positive trend prevails throughout this week, it could also test resistance present at $21K and $23K, respectively.
BTCUSDT
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin .
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 20857.00
⭕️SL @ 21135.00
🔵TP1 @ 20265.00
🔵TP2 @ 19732.00
🔵TP3 @ 18992.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
BTC USDT bear-market analysis. Posting after a long time -
Okey so this cypher is still my Original plan. Invalidation is BTC crosses 25250 before reaching 16.2-15.5 k range. Still the price is almost 30-35 % high from there. Spread is quite high so m still trading levels by levels locally. Daily closing below 20300 will be fine for this plan and below 19200 pivot is increased probability of this playing out.
Still sitting there 60% tethered.
Stay tuned for more. :)
BTC downward trendline breakout It seems to be a major reversal pattern since a downfall. Through the volume, you can grasp the accumulation of supply, it has been absorbed a lot.
Exciting to see how it unfolds because it has taken thin support at the 19000 level.
Considering the current dynamics, it may go up till
24000-24300 range, then it could face some resistance.
Need a strong stimulus in terms of global cues, and adaption news.
BTC/USD - Weekly OverviewThe past week commenced on a significantly positive note as the world's largest cryptocurrency broke above the price level of $22K for the very first time this month. However, due to the prevailing sentiments, the price level was not sustained for a longer duration. This certainly indicates that the ever-lasting felt-like bear market has forced investors to sell at whatsoever higher price available.
Considering the Fibonacci retracement level, the price level is facing strong resistance above the 0.786 FIB level. Additionally, it has been observed that lots of Doji candles have been formulated in the chart from the past week. This suggests that there’s a sort of indecisiveness present and sideways momentum can last longer.
Looking at the current trend, the RSI level is showcasing positive momentum with a breakout above 50. The same applies to DMI in which +DI is looking to have a potential positive crossover against -DI. Overall, BTC can face resistance at $20K and $22K. Whereas if things go south, support levels can be placed at $19K and $18K respectively.
Trading Signal For BitcoinTrading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 18818.0
⭕️SL @ 18462.55
🔵TP1 @ 19950.0
🔵TP2 @ 20952.0
🔵TP3 @ 22426.71
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
BTC INTRADAY SETUP - 08 OCT, 2022#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: Medium
EXPECTED SCENARIO:
$BTC is again bearish on Intraday. Expecting it to consolidate today.
BULL CASE:
In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested.
BEAR CASE:
In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today.
NOTE:
On higher Timeframe, BTC is failing to even go to 21500$ zone. Let's see if 19000$ holds.
On downside, 18K support should not break else a dump to 14K$ may happen..