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BTCUSDT

What 1-hour chart says? Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.” Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BITSTAMP:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the collapse of the Terra protocol. Its native LUNA token plunged to zero in days, impoverishing its investors. Cunliffe believes that digital assets have no intrinsic value, which is why they fluctuate depending on market sentiment. He added that cryptocurrencies are not actually viewed as a financial investment by retail investors. The BoE official has added that cryptocurrencies should be treated as risky securities. The total cryptocurrency market capitalization currently stands at $1.29 billion. Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $30,900-$29,200 ranges. Yesterday it made high near $30,700 resistance zone and then it fell down sharply and found support near $29,300 support zone. Bitcoin is struggling to gain momentum above $30,500 and $30,700.The price is now trading near the $29,800 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $30,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,300 level and the next major support is near the $28,700 level.
COINBASE:BTCUSD
by nehabaraskar
What 1-hour chart says? Fundamental Development The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still sketchy as Milanez did not disclose if the exchange will offer Bitcoin futures trading directly or form a partnership to offer the service.In January, Jochen Mielke de Lima, director of information technology at B3, said that the stock exchange would launch products offering crypto exposure this year, including Bitcoin and Ethereum futures. We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process. Furthermore, B3 has other crypto-based products in its arsenal, including a platform for crypto trading, asset tokenization, and cryptocurrency custody. Short Term Technical View: On daily time frame chart Bitcoin is trading below 200 simple moving averages. Bitcoin is now trading above the $30,000 level and the 100 & 50 hourly simple moving average. If it breaks $30,500 resistance zone then it can show upside movement near $30,900 level. Right now BTC is consolidating near $30,400 range. Alternative Scenario: If BTC fails to break resistance zone $30,500 level then the first major support is near the $29,700 level. A downside break and close below the $29,700 support might start a major decline near $29,400 support level.
COINBASE:BTCUSD
by nehabaraskar
2
Btc trade analysis in daily time frameThese are the support which BTC is breaking on a regular basis, now days only do focus on BTC analysis, if BTC works fine in the future week then maybe we see some hope for altcoins too. Until just pray to make BTC stable which makes our portfolio some value because in the majority of people are invested in altcoins for some gains but no one expected that will happen. HOPE HOPE HOPE Cuz support loses its value in this market BTC KNOCK EVERY SUPPORT LEVEL
by nawaab001
Trading Signal For BTCUSDT Bitcoin Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin . Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 30823.00 ⭕️SL @ 29620.00 🔵TP1 @ 32846.00 🔵TP2 @ 34878.00 🔵TP3 @ 38003.00 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 .
Long
by pullbacksignal
BitcoinHello and welcome to this analysis on BTCUSD In Jan 2022 it completed what appeared to be a sideways correction and activated a Bullish Harmonic Reciprocal AB=CD @ 33000. From there it went on to give a 38% retracement till 48000 by the end Mar 2022. The current decline is now testing the reversal zone of 33000. The next support below this is the crucial one near 28500. Failure to hold that short-term rising trendline which has so far been making HIGHER LOWS could see a further plunge till 15000 & a possible 11500 where the long term monthly trendline is and a zone it had done a long period of consolidation from JUN-SEPT 2020. Resistance is at 37000 for now
BITSTAMP:BTCUSDShort
by Dinesh_C_Nagpal