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BTCUSDT

BTC/USD - Weekly OverviewThe past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum alongside. On the moving averages. MA-20 is providing strong support while residing at around $23.9K. Any breakdown below it can result in bears coming back into the scenario The RSI level is also maintaining strong sustainability above 50 but is being regularly tested. For further emphasis, we have used DMI which reflects upon the prevailing sentiment. A positive crossover of ADX against +DI is witnessed on the chart which suggests -DI has some room to increase the negative sentiment. Overall, BTC is currently being traded at a critical level wherein it needs to find sustainability and positive sentiment to carry forward the bullish momentum built over the past month. The resistance levels can be placed at $25K and $27K. Whereas, support levels can be placed around $23K and $21K.
COINBASE:BTCUSDShort
by TradeDog-Research
BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency. The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10. Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
Descending Channel Price Action analysis - BTC Descending Channel Price Action analysis - BTC Price Prediction Analysis A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line , look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback. Another way to trade this pattern is to wait for the price to break through either trendline. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue. Currently, Bitcoin ( BTC ) is at $21962. If the pattern continues, the price of Bitcoin ( BTC ) might reach the resistance level of $23755, $24283, and $25192. If the trend reverses, then the price of Bitcoin ( BTC )may fall to $21607.56 Happy Trading !
Long
by TheNewsCrypto
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
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