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Bitcoin scalping ideaBITSTAMP:BTCUSD Hello, guys welcome to Wallstreet whales, In today's analysis, we are going to talk about BTC /USD. fundamental analysis: The markets saw a strong sell-off due to a bad CPI (consumer price index) number and a de-fi protocol named Celcius held withdrawals for its user so this created panic in the markets, Watch out the PPI(producer price index) which has come to 8.6 IMO its bearish, FOMC meeting happened on the 16th of June, where feds decided to raise interest rates by 75 basis points. the market sentiment stays bearish for now, as feds were talking about keep raising the interest rates until us inflation falls down to 2%, this might take time. so jumping straight into the technical analysis: the bitcoin has not touched its 200day moving average for the last two years approximately, looking at the previous bitcoin cycles the best time to buy bitcoin was when it was around its 200day moving average, this is the main reason why I'm starting to scalp bitcoin from around this levels. another take is that bitcoin can touch its 0.768 Fibonacci retracement level which is at 17800usd also it's the previous cycle top where there should be enough demand. this strategy will make you ready for a bear market and keep you stress-free if you follow the exact same. I'm personally placing buy orders for bitcoin from its 200day MA to its monthly demand zone which is around 11000usd to 8000usd, so the buy orders should be in the pyramid style. eg; if the price drops to 18k you buy 500$ if it goes to 16k you buy 1000$ until the next monthly support. make sure you don't go all-in on monthly support too, My bitcoin buy orders at 19000-5000 17600- 10000$ 16600- 20000$ 14110- 40000$ 12000- 80000$ 11000- 16000$ 10000- 32000$ Keeping cash in handy just in case 3k None of this is financial advice it's only for the educational purpose
Long
by Wallstreetwhal3
2
BTC/USD - Weekly OverviewAfter facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. Meanwhile, there’s a positive breakout for MA-10 against MA-25. A bullish crossover above the major resistance level of $32K might bring back the much-needed positive momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram. Overall, a resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
COINBASE:BTCUSD
by TradeDog-Research
What 1-hour chart says? Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a whopping 20% year-on-year decline for its on-demand services, the worst change on record. According to government data released on May 30, consumer spending for internet services from January to April stood at $17.7 billion.The value of stock offerings in Europe also hit the worst level in 19 years after rising interest rates, inflation and macroeconomic uncertainties caused investors to seek shelter in cash positions. According to Bloomberg, initial public offerings and follow-on transactions raised a mere $30 billion throughout 2022.All of the above make it easier to understand the discrepancy between the recent Bitcoin price recovery to $32,300 and weak derivatives data because investors are pricing higher odds of a downturn, primarily driven by worsening global macroeconomic conditions. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $29,900-$30,000 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $31,900 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500. Alternative Scenario: If Bitcoin fails to clear the $30,400 resistance zone, it could start another decline. An immediate support on the downside is near the $29,000 level.
BINANCE:BTCUSD
by eva236220