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BTCUSDT

BTCUSDT Analysis for 03/08/2022 by DMFX partner of OCTAFX With reference to the BTCUSDT Performance, I am providing the Analysis Based on SMA, Resistance, Support, and RSI Weekly Analysis - Bitcoin has made a decent comeback after a long/ Big fall in the Period of April to June ( 48000 USD to 20000 USD ) It started gaining momentum again / The bulls are going to take it back from last few weeks i.e. From 20000 USD to 23000 USD. Continuous 4 candles rally that is bullish. In the last week, it has made a Spinning Top candle that gave some indecision in the market or The present ongoing trend is weakening. We need to wait for the market to give a proper trend that can be Bullish or Bearish. Daily Analysis: Looks very bullish as the past 5 candles look promising that bulls are not going to book profit. they want to push the market to further figures but is in the Consolidation phase between two channels / Parallel channels it has to come out for confirmation of direction. stay tuned for more analysis like share and Comment
Long
by kingprenuer
BTC/USD - Weekly OverviewOver the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of $18K-$22K, the price level had a positive breakout above the resistance level of $23K and sustained it as well. The positive crossover of MA-10 against MA-20 is another bullish signal currently present. However, the price level sustainability above MA-10 looks vulnerable. The RSI level also sustains well above 50, indicating that bulls are in a stronger position. The MACD level is also hovering above the histogram while forming green bars. However, it looks vulnerable to a bearish crossover on a shorter timeframe. Overall, the resistance levels can be placed at $25K and $27K, respectively, while if the market sentiment turns negative, support levels can be set at $22K and $20K.
COINBASE:BTCUSDLong
by TradeDog-Research
VeChain (VET) Price Prediction 2022 - Crypto AnalysisVeChain (VET) Price Prediction 2022 VeChain holds the 37th position on CoinGecko right now. VET price prediction 2022 is explained below with a daily time frame. The above chart of VET laid out the horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. Currently, VET is in the range of $0.02545. If the pattern continues, the price of VET might reach the resistance level of $0.03322. If the trend reverses, then the price of VET may fall to $0.02361, and $0.02071. VeChain (VET) Support and Resistance Levels The below chart shows the support and resistance level of VET. From the above daily time frame, we can interpret the following as the resistance and support levels of VET. Resistance Level 1 $0.02667 Resistance Level 2 $0.03366 Resistance Level 3 $0.04358 Resistance Level 4 $0.06823 Support Level 1 $0.02025 VET Resistance & Support Level The charts show that VET has performed a bullish trend over the past month. If this trend continues, VET might run along with the bulls overtaking its resistance level at $0.06429. Accordingly, if the investors turn against the crypto, the price of the VET might plummet to almost $0.01284, a bearish signal. Comparison of VET with BTC, ETH The below chart shows the price comparison between Bitcoin, Ethereum, and VeChain (VET). From the above chart, we can interpret that the trend of VET is more similar to that of BTC. Though the three cryptos seem to move in a similar trend, the trend of VET slightly differs from that of ETH. Notably, when the price of BTC increases, the price of VET also increases. And when the price of BTC decreases, the price of VET also decreases.
Long
by TheNewsCrypto
2
Weekly Analyze of Crypto Investing in July, 2022This week, the popularity of the crypto market has increased, and the market has broken through with the trend, and the trend is expected to remain. BTC’s daily breakout and step back verification trend extended to the weekly line, and finally it successfully stopped falling and completed another breakthrough. The daily line returns to the upward trend, and there is a certain resistance on the upper edge of the upward channel constructed. The support range is 22000-22500, and the pressure range is 26000-26500. ETH has a positive weekly line and is currently in the process of repairing the second big Yin column in the previous downtrend. If the potential resistance of MA120 is superimposed, the pressure range is 1900-2000. The daily line showed a pull-up, and the consolidation broke through the higher pattern again, and the trend was still strong. Trend defensive range 1500-1600. Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
by VtradingGlobal
BTCUSDT : Price Target for Jun-2022 Weekly Time Frame: As per the chart, Bitcoin has entered the Support zone of 150 Moving average levels and It also shows s positive sign at the 150 MA level. That's a clear sign of a bull move, but still, we need volume confirmation. Current Chart Structure: Falling Wedge Pattern ( Bullish Reversal Pattern) Bitcoin Level based on the Falling Wedge Pattern Buy Level means Breakout Level which is highlighted in a yellow dotted line: Entry 33620 Target level as per pattern 47420 which is mentioned in the blue color line Stop-Loss that has been mentioned in red color dotted line 26150 Key things for Investing : Perfect Entry/Exit Less Greed Accept losses/failure
Long
by TheNewsCrypto
3
btc analysisget ready for some red candles guys as we can see there are rejection trend lines above our price which is in the range 25000-25500 this is a range we may see a rejection and fall back to near support but as we see this was an unexpected growth which I don't feel will last long it all started due to Ethereum news pulling the BTC with it so soon we will beck to our consolidating zone don't get too bullish here wait for some move to come let BTC reject the 25500 mark we will plan later
COINBASE:BTCUSD
by sjsourabh786
💎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
BTC/USD - Weekly OverviewBitcoin price level hovered within the consolidation range depicted in the chart. The world’s largest cryptocurrency maintained sustainability above the strong support level of $19K. Thereafter, the price level is currently attempting for a positive breakout above the consolidation range. It must be noted that BTC faced a couple of negative breakouts after forming a consolidation range for a considerable time during the past months. Bulls might have an excellent opportunity to develop sustainability at a higher range and be a sentiment changer if the daily candle closes above the consolidation range. Supporting the hypothesis is the positive crossover of MA-10 against MA-25 and MA-50. However, on previous occasions, we have seen significant selling pressure as soon as MA-10 goes above other moving averages, reflecting the present resistance. RSI level is targeting the overbought region while residing at 63.34 at the time of recording. Overall, BTC will face resistance at $23K and $24K. Incase of a turn of events, support levels can be placed at $19K and $18K.
COINBASE:BTCUSDLong
by TradeDog-Research